Topic: [XMR] Monero Speculation - page 1925. (Read 3314330 times)

that is why I called it potential - the argument that something needs to show stability is somewhat weird - if the fundamentals are given it will show stability in the future.

if you like, like most here, explanations of free market behaviour, crypto does not show stability in terms of prices due to incomplete information.

I wonder why that could be

The fact that its still pretty much all botnets/datacenter owners/sys admins perhaps.

It was Warz this time...

Dumping means lower price.
Lower price means one is able to buy more coins.
If you are a long term holder, you are literally praying for cheap coins which you can cold-store.
When the emission is scarce (yes in dollars it is low even now, only a few thousand dollars per day), it is possible to go sky high and even replace bitcoin in the #1 marketcap coin. Especially in time when Monero emits with lower numbers of coins than btc.

Dumping the coins now is definetely better idea than dumping at 0.0005 levels.  
Those who are bears now will be bulls when their bitcoins are needed the most desperatively by the markets.

Therefore, now is time to pay all your bills and waite until Monero finds the price where it stabilizes.
Last time Monero stabilized around 0.0009-0.0011 levels so I am expecting at least a lot of resistance on those levels.

And yes, Monero made lower highs. This bull run took us only to 0.0043 levels while the bull run in 2014 summer took it over 0.01. Chances are the bottom price is also lower than the bottom price of the previous bear market.

That being said, now is now and last time was last time. We cannot predict exactly how the coin plays out this time.
However, I personally give it relatively high probability to go sub 0.001 levels during this bear market.

Ready?

The hash rate is down a bit (around 800m now), but has dropped much less than the price from the 0.004 range. It went up less than the price too, when it was rising. If the price had stayed up longer, I guess miners would have eventually flocked too it. Of course there are fluctuations in the hash rate.

I don't know if a 40K market sell was orchestrated or not but many other coins in Polo happened to do just the same (ie: Market buy in VRC got my play money order sold in a jiffy). I believe the resistance at these levels won't let us go further down. As I've previously mentioned I think that's a nice price to accumulate more. That's why I bought.

On the other hand I don't see a drop in the hash rate (at least the one reported in Minergate where I'm mining) which I expected as the price went down (we had similar paradigms in other altcoins in the past). But, I don't know if this number is accurate so don't take my word for it.

Why dumping, this doesn´t help our Monero 
I am buying and waiting with a nice cup of tea 

he may have a few more...so i am encouraging him to dump it all.

he already did, he cant dump what he doesnt have

do it otoh, do it...dump everything you raging whale 

so a lot of people have a good entry point 

This says it all.

  Sure, I've got some PMs and various other preparations as well, but the farther we go, the worse it gets.  I've even come around to the thought that that old stand by, Land, is not going to be able to preserve or provide wealth in the not too distant future.  Privacy is required.  I'm open to other ideas, but at this time, I don't see a better proposition than Monero.

I guess. Its just sort of strange to me. I guess im speculating on future utility if you want to be technical about it but I need something like monero because the chances are very good that i will need something like monero in the future.

If I ever actually manage to become wealthy I will be so fucked. The government will take so much of it. They take a lot now but its not just about how much they take now its about the trend. If the trend holds, people justify it now, but it will be almost incontrovertibly criminal in the future if the trend holds and we have to prepare for the future. Monero offers some amount of protection from this. What else does? People should be clamoring to this project just for self defense reasons.

I dont mean to say monero specifically, just something that offers the same value proposition. It could be zerocoin or some other cryptonote or something no one has imagined. But right now monero is the frontrunner.

On what time frame because the daily is showing a clear break of the neckline on a regular H&S pattern.

I can explain that somewhat. These coins have almost no current utility so everyone buying them is doing one of two things: 1. Long term speculation on future utility, 2. Short term speculation on swings. Both tend to be trend-followers, though the latter more so.

When we came up from 0.0009 to about 0.0015 or 0.002, it was quite striking how many new people started posting their interest and support both here and on the main thread. I think I made comment at the time that those were likely to be fair-weather friends, and I don't mean that as an insult, just an observation about time horizon and attention span. Those same folks are likely off getting interested in whatever is hot right now. When we start an uptrend again, they'll back, or others like them.

I don't get why people are surprised? It looks like a natural swing and is acting just as I predicted. Still not sure where the floor will be for the next opportunity though.

Not really implying anything by this. The smash down below 0.002 has made me permanently cynical i think. But i just wanted to point out that the chart is now forming a reverse head and shoulders pattern. You decide if that means anything.

I'm just going to point out the obvious to new-comers and people without a clue. What often happens is the same person or group of people control several accounts. These accounts are can quickly change sentiment towards Monero (just like truecryptionaire, or kavasaki or whomever) and then there are accounts that never changes sentiment for the sake of continuity, but only write a lot on the forum when it is "needed". So when the need for sentiment to go bear, the bear accounts are brought out, and when bull sentiment is needed, the bull accounts are brought out.
That doesn't mean one should see ghosts everywhere though.

Also wanting to indicate my interest towards OTC trades, for those wanting XMR->Bitcoin

Oh I believe it, no question. I've had my own run-ins with Kuriso in the trollbox.