Topic: [XMR] Monero Speculation - page 1931. (Read 3314330 times)

This sort of paranoia always astonishes me.

This action, if taken, is easily exploitable and therefore very very expensive.

You cannot both "prop up the price to fit a narrative", and profit.  If this is really what our overlords are trying to do they wont be on their thrones for very long.

http://www.polonibox.com/?username=infovortice2013

You sir, are clearly the correct person to give speculation advice here.


such mega pump

"We are in the process of adding it". -Cryptsy, somewhere end of summer 2014

whatever your previus inversion was, you can take profit selling now and buying more at 0.0017

If you're intent on holding, I would say there will most likely be a bolide event between the official db and the official GUI release.

If you bought at the top, you could have cut your average price nearly in half with 10% more investment at the bottom.  You'd still be waiting, but more comfortably.  You can still take it down considerably, with the price below 25% of the top...

I know I took advantage of the bottom to average down, but with less effect as I didn't buy anywhere near the top to start with. Feels good to be in the black  

Well, to be fair, polo was hacked as well but they made it right with every person with coins there.

Just for Info about BTER:
1) http://www.coindesk.com/bter-bitcoin-stolen-cold-wallet-hack/ - $1.75 Million in Bitcoin Stolen in Cold Wallet Hack
2) http://www.coindesk.com/bter-nxt-bitcoin-exchange-hack/ - Hackers Steal $1.65 Million in NXT from BTER Exchange

I see no reason i would ever move my funds there again, they even had massive problems paying out XMR after the hack.

I hadn't heard BTER was robbed.  About Mintpal, sadly yes we do

cheers.

I dunno, maybe when Bitcoin reaches it´s ATH again, or maybe never, or maybe earlier. You could have massively averaged down your buy in price when XMR was at 0.0009-0.00015 for weeks.

I've been holding my XMR religiously since I bought at the top.. still waiting to recover my investment. I was so unlucky.
When will XMR reach ATH again?

So it sounds like you are trying to protect this setup to me.

Monero market is:



And Dash is:



I think getting Monero off just Poloniex and getting demand on Bittrex / BTER and adding other exchanges is the *solution* to long term value for Monero.  It's not up to me what you do, but this is a speculation thread and this is jut my opinion

cheers

I don´t even know where to start but... It´s a free market, every daytrader trades to make a profit, thats why they are called daytraders, i guess. Nothing is wrong with what happens there, If you have no fucking clue about daytrading like me you buy and hold and don´t give a fuck about the current price, if you wanna play that daytrading game then u are playing against others and if you aren´t good enough you lose, simple as that.


That alone says enough to nullify everything you´ve written.




If they are willing to buy up all coins below that price, then that sentence is just right.



I lol´d hard.

1    Cryptsy   DASH/BTC    $ 34,547   $ 3.06    39.96 %    
2    Bittrex   DASH/BTC    $ 20,756   $ 3.06    24.01 %    
3    Bitfinex   DASH/BTC    $ 10,989   $ 3.05    12.71 %    

Lots of Big Exchanges...ahh yeah in your head. Cryptsy is the main driver, Bittrex also has XMR. Bitfinex gets less and less volume...
Cryptsy refuses to add XMR, feel free to tell them to add it tho.



Nothing to fix, if you don´t want to lose money daytrading then don´t daytrade - ITS THAT EASY.
I don´t daytrade, my avg buy price is way below the current price, its simply not worth it to me to risk my funds with daytrading, others are better at it tho, let them do it. If they lose out its because of their greed and its entirely their problem.

Monero is about financial freedom and you want to tell them wtf they can do with their XMR?
Who the fuck are you to to even talk about that, they can all do what they want with their XMR, be it daytrading or whatever as long as they aren´t lying scumbags like TrueCryptonaire.

My last comment, but sleeping on it I think need to say my conclusion after yesterday.

Anyone can spend 1 hr on Poloniex and see the obvious Monero price manipulation.  This is very bad for Monero for 2 main reasons:

1.. Like another user said above, people are getting ripped off.  I saw Warz say he sold at .004 - well evidently he pumped it there, and a lot of small / noob investors are bag holder, while he can lower the price and recharge his balances and repeat again.   And the people saying this happens with Dash, there is a whale Otoh on Cryptsy but he just adds a buy wall and leaves it there and when he does he posts it on the thread.  The Monero walls are *always* there and are being moved around constantly.  Some people obviously feel like they *own* Monero and it's there *opportunity* to make some serious $ off of it because they are a lot bigger than anyone else and everything goes via Polo/Polo troll box.  You saying there is no way for people to get that much XMR, well maybe they bought it over the last 6 months when the price was nothing, seeing it on Poloniex, and planning for this to happen?  Like how did XMR come to be on the Polo landing page and get it's own markets box, why they decide to do that when it's not even on any other big exchange or if it is no one trades it there?

2.. True reflection of Monero value - yesterday the whales were talking about how "Monero can't go below 0.0023" - why?  Answer: Because they are manipulating the price *to a narrative* on BCT Monero threads / Polo trollbox, that "Dash is a scam and Monero will replace Dash!!!".  Compare the 2 charts - this narrative holds if Monero stays above 0.0023.  But if it breaks down, its this narrative that also breaks and these whales golden paycheck is undermined.  And *thats* why there is so much slandering of Dash by XMR community.  That is the sales pitch, and the less experienced members not used to using critical thinking just parrot it without really understand why or how speculative and pathetic it looks (same as anything originating from a trollbox on an exchange like Polo) - it doesn't matter to them, because slandering Dash is *required* so the whales can use Dash price chart and the 'fact that it' a scam!' to push small investors around on Poloniex.  

So my price prediction now....the whales will do everything they possible to keep Monero "in the game" and above 0.0023.  It will only go below that if enough small investors sell, or the whales decided to let it dump because either they think the "Dash is a scam and Monero is the next Dash" narrative can survive it (or they pull out which at this stage they can't because they are heavily invested in it)

So actually quite bullish for Monero...but not for the right reasons.

Lastly - "The premine groups in other coins are not open about their actions" - if you are trying to deflect this to Dash, bare in mind it's on a lot of big exchanges that don't have a big trollbox in the middle of every page, and extremely difficult to manipulate between them and with regular big movements / normal patterns on the charts, says a lot that you dismiss the research I did and try to swap places with Dash like that....and you are part of a large whale group?  How interesting?

Not FUD, this is what I found, for those that care about XMR fix this sh*t...and for those of you who claim to be "fighting scams" and now calling Dash a "premine" while Monero whales on Poloniex are using this kind of BS posted 100s of times again and again to shake $ out of less experienced people's pockets daily and build up their golden crypto-paycheque ...fix this sh*t too.

Cheers

EDIT:



Translation:  "It depends on what the Dash price is and then what I decide to do..."

And the last comment, what is the "surprise"?  When they cash out, where will the BTC go?  Which coin do they seem to want to have the lowest price?  ...speculation of course.

Such a distribution cannot be produced by free-market mechanisms. Same as you crushed dried black peppers and got only flour and whole peppers as a result. There necessarily is the middle size (coarse) fraction at any given time, for the reason that it is the requisite path between these two ends. The mass fraction of the coarse can be modelled statistically in the same way as distribution of the coins.

In Monero, the big holders, since they did not have instamine, have needed to accumulate their stashes over a long time, piecewise. I am one of them and there is no collusion that I know of, in the accumulation, it is wolf against wolf, instead of in the pack. The anonymity of the market renders collusion impossible as frontrunning has no penalty.

The same is the reason that middle-size holders exist in XMR. Everyone who has become big was middle-size first (I was middle-size for several months before started accumulating more); (almost) everyone who is big and wants to cash out, will become middle-sized before selling out (if this even happens! It is not a smart move from diversification standpoint).

I have derived XMR distribution charts purely from theoretical/statistical premises and they can be accessed in Economics.




The coin whose distribution is the closest to the "natural distribution" (above postulated to apply to Monero), has the most "surface" to counter manipulation attempts, the largest liquidity, smallest supply/demand shock price inelasticity, and lowest volatility.


Some thoughts in no particular order:

- My advice in the trollbox is seldom applicable to the daytraders, because it is based on an infinite-term mindset while their timeframe is a month at most.

- Being open about market manipulation, means that it is exposed, and is easier to spot and neutralize. The downside risk is that you get the idea that Monero is somehow worse than other coins, because the manipulation is admitted.

The premine groups in other coins are not open about their actions, and you don't notice them, and consequently think these coins are fairer. There are many midsize/big coins that are (allegedly) complete shells, eg. Litecoin. BCN is an example of a coin that shows to have some volume, but my analysis shows that 90%+ of the meager volume is fake. BCN marketcap will at some point be pushed to incredible heights at incredible volume (all faked, because no one at all owns it), and there always are suckers who join to any pump out of ignorance.

- My ability to influence XMR is a consequence of my having wealth both in and outside XMR. I am just a spokesman of a large group of XMR whales, the others prefer to not spend their time trolling about their ability to influence the markets. I will tell it because I have spent years of my life investing in stocks and trading them very unsuccessfully, I so much would have liked to receive free, truthful and actionable advice from the King, but didn't, and needed to learn all by myself.

- The markets work such that the +EV short term action is towards reducing volatility. You can prove it for yourself by setting up a bot that aims to increase volatility and the other one decrease it. The latter one actually makes you money after fees, obviously the first one does not, as it is the counterparty of the latter.

The above is so clear already after about 7 years of experience in university economics and online trading. But I forget that not all have it! Therefore they misunderstand the "manipulation" context and think that it is somehow an activity where you can make money by rocking the boat. No, merely being rich is not manipulation, otherwise all rich people and all owners who hold 1% or more of anything would be manipulators and all banks and all governments would be...

- Trollbox is a place for trolling, not for taking heed of the trading advice given there by strangers

monero bears say its going down. monero bulls are skeptical. its all so riveting, really a shame you didn't read it all.

We'll just have to agree to disagree. I don't find what you described to be particularly different from and especially not worse than what I've seen on other coins (then again I remember fontas), but I guess that is subjective.

Man you're fast.  How do you get any work done on your project?  It's like you spend all your time refreshing every thread waiting on a chance to reply.  

In any case, I showed you how monero is "more".  I don't follow the dozens of pages that get created every week in the dash tread nor any other thread.  That said, I've never seen a well known and influential dash whale do what I just laid out for you.  I've seen otho talk about his finex wall at like .001 and I've seen him buying coins but where has he told people to buy now, we're never going here again.  Then the market breaks that point and then go 3x lower.

whale buying coins and making nodes < whale making market calls and telling people to buy now, they won't be able to again.

lol.. not my style.  wait....  Activity: 0  "Check out the Monero instamine chart!!!" - there...   take it easy Kazuki

Lay it off, yo. I have stated several times that I assume his (and some other's) behaviour is paid for.

I think fluffy/smooths approach to answering are much more productive. They respond with facts and usually level-headedness (sometimes just funny counter-lolz when the trolling gets too ridiculous). And especially, as I see it, for posterity's sake.