what happened to this thread? why did it get replaced by an identical thread?
Did you have a derp moment 
Topic: [XMR] Monero Speculation - page 1980. (Read 3314330 times)
I am kind of hoping for a shake-out event. Perhaps too late though. Definitely not inclined to undertake or support any manipulation. But when it happens, I will definitely seek to exploit it.
Moneroj will be shaken out at a higher price. Right now this is a mere flashback for those holding since last summer. It provides validation to keep the mental strength to hold for longer, not to cash out.
This is a very astute observation. You are describing me quite well. I myself am feeling this way. If the market goes parabolic enough I will look to sell and buy back at better valuations. But what I'm seeing right now is only giving me confidence to hodl.
I am kind of hoping for a shake-out event. Perhaps too late though. Definitely not inclined to undertake or support any manipulation. But when it happens, I will definitely seek to exploit it.
Moneroj will be shaken out at a higher price. Right now this is a mere flashback for those holding since last summer. It provides validation to keep the mental strength to hold for longer, not to cash out.
litecoin offers nothing of value over Bitcoin, so you may as well buy Bitcoin. Whilst I did hold Litecoin for a while - i will not do it again.
If you expect LTC to do 'MOAR' than BTC, you're looking at its value proposition the wrong way.
Bitcoin already offers plenty of value. LTC will continue to do fine by (coming closest to) matching BTC in terms of network hashrate/security, mature infrastructure/ecosystem/userbase, and liquidity. IOW BTC needs a hot-swappable backup, which LTC does a fine job of providing.
/offtopic digression
Thats a fair point. But for me it offers nothing of value over Bitcoin. Bitcoin is more widely accepted than Litecoin. Monero is a better coin and stands more chance of widespread adoption. Bitcoin will continue to appreciate in value as the infrastructure gets better but Litecoin does not have that adoption and its collapse will continue (in my opinion) as
Edit: I only hold BTC & XMR
I am kind of hoping for a shake-out event. Perhaps too late though. Definitely not inclined to undertake or support any manipulation. But when it happens, I will definitely seek to exploit it.
Pulled my order and sent more ammo
WOW. look at that support and resistance. can anyone say bullish.
More BTC (~500) are chasing fewer XMR (~180K).
The market is tight as a drum, and getting tighter.
WOW. look at that support and resistance. can anyone say bullish.
In 60 days, with no price change, XMR emission will put its market cap > peercoin.
I would guess it will actually take less than half that time, and when it does, it will attract a new wave of speculators/investors.
I would guess it will actually take less than half that time, and when it does, it will attract a new wave of speculators/investors.
So I'm taking a vacation in a couple weeks and need some liquidity.
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
Cash now.
Weak hands need to be shaken.
I put one buy order.
Of course I'm never cashing out everything
My sell order is sitting at 0.004. Feel free to take a chomp
Good boy.
Congratulations on the nice ride and I am glad you decided to leave some coins for the future appreciation.
Unfortunately I was dumped already and I have no btc in Polo right now. Also btc is very slow (it took over 1 hr to get even one conf. which is required by Polo).
So I'm taking a vacation in a couple weeks and need some liquidity.
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
Cash now.
Weak hands need to be shaken.
I put one buy order.
Calling someone who just needs some money to pay his vacation a weak hands seems a little inappropiate in my opinion. Regarding your post brg444, I personally would wait till the market cools off a bit. Currently the volume & volatility are pretty high and it could go either way. If this returns to normal you will have a more clear view on your decision. Although I said that it could go either way, I am personally more bullish at the moment. We survived a beartrend of around 6 months (in XMR/BTC terms, keep in mind that BTC went down as well), there was a clear outbreak and there seems to be much more consensus in the community. Furthermore, I see new people popping up everyday on IRC/reddit asking questions on how to get started, so that could be an indicator of a new influx of investors.
PS: Keep in mind that the DB will be released soon, although this could already be incorperated into the price.
The Monero price is still somewhat fragile as it rose so fast.
It needs support now, so perhaps holding is better for the coin's success in mid term.
Personally I am not in a situation that I need to cash my coins to pay my vacation while Monero is still this cheap.
Actually, I am not even considering it at this point.
A person who is speaking if he/she has to sell now is a weak hand in my opinion. Strong hands are not even speaking in this way at this point.
Sure Monero has been a nice investment if you bought in January but it is nothing now what it should be in my opinion.
The community consists of so many high quality people (=with money and knowledge) + the coin is superior to bitcoin. The only weakness of Monero is that it is not used by the masses and when this is taking place, it is time to think wether to sell or not.
I personally will sell some coins when there are more people adapting Monero. I don't say it is the only right thing to do - I guess the chance of success is still 25 % but it has pressure to go higher as the price keeps going up.
I am getting pretty passionate as I see the price going up so my style might sound pretty harsh from time to time, I am sorry for that if it hurts someone's feelings.
So I'm taking a vacation in a couple weeks and need some liquidity.
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
Cash now.
Weak hands need to be shaken.
I put one buy order.
Of course I'm never cashing out everything
My sell order is sitting at 0.004. Feel free to take a chomp
So I'm taking a vacation in a couple weeks and need some liquidity.
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
Cash now.
Weak hands need to be shaken.
I put one buy order.
Calling someone who just needs some money to pay his vacation a weak hands seems a little inappropiate in my opinion. Regarding your post brg444, I personally would wait till the market cools off a bit. Currently the volume & volatility are pretty high and it could go either way. If this returns to normal you will have a more clear view on your decision. Although I said that it could go either way, I am personally more bullish at the moment. We survived a beartrend of around 6 months (in XMR/BTC terms, keep in mind that BTC went down as well), there was a clear outbreak and there seems to be much more consensus in the community. Furthermore, I see new people popping up everyday on IRC/reddit asking questions on how to get started, so that could be an indicator of a new influx of investors.
PS: Keep in mind that the DB will be released soon, although this could already be incorperated into the price.
So I'm taking a vacation in a couple weeks and need some liquidity.
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
Cash now.
Weak hands need to be shaken.
I put one buy order.
So I'm taking a vacation in a couple weeks and need some liquidity.
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
I'm enjoying healthy profits with this current run.. Should I cash out or wait two-three weeks?
Do ya'll see us keeping this pace?
litecoin offers nothing of value over Bitcoin, so you may as well buy Bitcoin. Whilst I did hold Litecoin for a while - i will not do it again.
If you expect LTC to do 'MOAR' than BTC, you're looking at its value proposition the wrong way.
Bitcoin already offers plenty of value. LTC will continue to do fine by (coming closest to) matching BTC in terms of network hashrate/security, mature infrastructure/ecosystem/userbase, and liquidity. IOW BTC needs a hot-swappable backup, which LTC does a fine job of providing.
/offtopic digression
A "life-changing amount of purchasing power" for someone who was living "normal developed world life" is USD 2-10 million.
Monero (unlike Bitcoin) has not generated any such people, because nether the craftiest miner nor the shrewdest speculator has been able to amass XMR valued at 2, let alone 10 million dollars. Both because such amounts are either impossible or statistically heavy outliers, and because acquiring them would have required resources that are outside the realm of people living such middle-class life.
Therefore, we can conclude that the divestment from such people, enough in quantity to cap a major rally, is not happening until such people exist. Any selling below that is speculative selling by speculators, but as analysed before, very few were left after the prolonged downtrend. Starting from now, some will be gained.
In my analysis, the uptrend will now continue until a tipping point (no timeframe given), and then recede possibly to 0.003-0.0045 area. Because my prior forecast that XMR "does not like" 0.002-0.003 range seems to have been confirmed, dips to this range are buying opportunities.
The emergence of USD pricing (decoupling from BTC) means that the ranges should be revised upwards. For those pricing in USD, $1 will be a good choice of a "sticky price". Also BTC took a multi-month breather around that price in the middle of the 2010-2011 uptrend, on its way to $32.
Monero (unlike Bitcoin) has not generated any such people, because nether the craftiest miner nor the shrewdest speculator has been able to amass XMR valued at 2, let alone 10 million dollars. Both because such amounts are either impossible or statistically heavy outliers, and because acquiring them would have required resources that are outside the realm of people living such middle-class life.
Therefore, we can conclude that the divestment from such people, enough in quantity to cap a major rally, is not happening until such people exist. Any selling below that is speculative selling by speculators, but as analysed before, very few were left after the prolonged downtrend. Starting from now, some will be gained.
In my analysis, the uptrend will now continue until a tipping point (no timeframe given), and then recede possibly to 0.003-0.0045 area. Because my prior forecast that XMR "does not like" 0.002-0.003 range seems to have been confirmed, dips to this range are buying opportunities.
The emergence of USD pricing (decoupling from BTC) means that the ranges should be revised upwards. For those pricing in USD, $1 will be a good choice of a "sticky price". Also BTC took a multi-month breather around that price in the middle of the 2010-2011 uptrend, on its way to $32.
I agree with all of this, but am not sure what you mean by "Starting from now, some will be gained."
What will be gained, starting from now?
I think he means that speculators which were lost in the long downtrend will be regained.
A "life-changing amount of purchasing power" for someone who was living "normal developed world life" is USD 2-10 million.
Monero (unlike Bitcoin) has not generated any such people, because nether the craftiest miner nor the shrewdest speculator has been able to amass XMR valued at 2, let alone 10 million dollars. Both because such amounts are either impossible or statistically heavy outliers, and because acquiring them would have required resources that are outside the realm of people living such middle-class life.
Therefore, we can conclude that the divestment from such people, enough in quantity to cap a major rally, is not happening until such people exist. Any selling below that is speculative selling by speculators, but as analysed before, very few were left after the prolonged downtrend. Starting from now, some will be gained.
In my analysis, the uptrend will now continue until a tipping point (no timeframe given), and then recede possibly to 0.003-0.0045 area. Because my prior forecast that XMR "does not like" 0.002-0.003 range seems to have been confirmed, dips to this range are buying opportunities.
The emergence of USD pricing (decoupling from BTC) means that the ranges should be revised upwards. For those pricing in USD, $1 will be a good choice of a "sticky price". Also BTC took a multi-month breather around that price in the middle of the 2010-2011 uptrend, on its way to $32.
Monero (unlike Bitcoin) has not generated any such people, because nether the craftiest miner nor the shrewdest speculator has been able to amass XMR valued at 2, let alone 10 million dollars. Both because such amounts are either impossible or statistically heavy outliers, and because acquiring them would have required resources that are outside the realm of people living such middle-class life.
Therefore, we can conclude that the divestment from such people, enough in quantity to cap a major rally, is not happening until such people exist. Any selling below that is speculative selling by speculators, but as analysed before, very few were left after the prolonged downtrend. Starting from now, some will be gained.
In my analysis, the uptrend will now continue until a tipping point (no timeframe given), and then recede possibly to 0.003-0.0045 area. Because my prior forecast that XMR "does not like" 0.002-0.003 range seems to have been confirmed, dips to this range are buying opportunities.
The emergence of USD pricing (decoupling from BTC) means that the ranges should be revised upwards. For those pricing in USD, $1 will be a good choice of a "sticky price". Also BTC took a multi-month breather around that price in the middle of the 2010-2011 uptrend, on its way to $32.
I agree with all of this, but am not sure what you mean by "Starting from now, some will be gained."
What will be gained, starting from now?
it seems there will be a wave of profit takers from the 0.001 buyin era, and then later there will be a wave from the higher eras.
Back in Dec I broke the support at 0.001, just to get it over with and also to create opportunities to buy larger amounts for less.
I have no intention of unloading my bags to take profit, until we get to 1oz silver parity...
how can i create an monero papaerwallet, without download anything?
mymonero.com -> create new account -> login -> account -> account details
write down or print out Account Address (Public), View Key (Private), Spend Key (Private)
I just ran through it and tried it - very slick.
Am not as tech savvy as most and I'm on Mac. I don't feel at home on anything using a terminal window (much prefer a GUI type wallet) but this is helpful.
Means I don't keep too much on Polo, Bittrex etc.
Going to cold store a few - might as well, I am a long way off selling - been buying since day 1 on Polo.
Fwiw - I only have holdings in BTC, XMR and a few handfuls of XCP.
Please do make sure you test the method before adding any substantial amount. I cant say that i have personally tried it.
Also idk how you came to the decision to buy xmr if you are not tech savvy, but you sure do have a heck of an intuition!
Flattering, thank you - but not that intuitive. I have been into Bitcoin since 2013, and after a year or two watching the Wall Observer threads and listening to KFR, Risto and of course Aminorex, you realise there are a few people around who do know their stuff.
I was trying to Buy Monero before it was on Polo and it was pretty difficult.
As for not 'tech savvy' - I mean that many into Crypto currency are from a programming background, which I am not at all.
However, don't worry. I do read, research and I am always cautious. With crypto currencies feeling sometimes like the Wild West it doesn't take a genius to learn to exercise caution.
I believe in Monero and admire the hard work and ethos of many behind it's continued growth.
I live in hope of a Mac GUI wallet - but MyMonero is as good as, which is why I was grateful to you.
Up to now I felt I had no choice but to split my Monero between exchanges. I used to only lose sleep about not having BTC in cold storage, now I have the same concerns about my XMR.
Jump to: