[XMR] Monero Speculation - page 1981.

saddambitcoin

legendary

Activity: 1610

Merit: 1004

Quote from: aminorex on March 31, 2015, 09:32:29 PM

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. Cool

Biro Bob

full member

Activity: 308

Merit: 146

Quote from: iCEBREAKER on March 31, 2015, 11:30:08 AM

Quote from: Biro Bob on March 31, 2015, 06:37:03 AM

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 ~~other alts~~ Monero offers more fungibility.

Edit: I only hold BTC & XMR

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

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.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Pulled my order and sent more ammo Cool

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Anon136 on March 31, 2015, 06:34:24 PM

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. Cool

Anon136

legendary

Activity: 1722

Merit: 1217

WOW. look at that support and resistance. can anyone say bullish.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

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.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: brg444 on March 31, 2015, 01:59:48 PM

Quote from: TrueCryptonaire on March 31, 2015, 01:50:19 PM

Quote from: brg444 on March 31, 2015, 01:48:21 PM

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?

Cash now.
Weak hands need to be shaken.
I put one buy order.

Of course I'm never cashing out everything Cheesy

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).

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: dEBRUYNE on March 31, 2015, 01:55:35 PM

Quote from: TrueCryptonaire on March 31, 2015, 01:50:19 PM

Quote from: brg444 on March 31, 2015, 01:48:21 PM

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?

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.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

Quote from: TrueCryptonaire on March 31, 2015, 01:50:19 PM

Quote from: brg444 on March 31, 2015, 01:48:21 PM

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?

Cash now.
Weak hands need to be shaken.
I put one buy order.

Of course I'm never cashing out everything Cheesy

My sell order is sitting at 0.004. Feel free to take a chomp

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: TrueCryptonaire on March 31, 2015, 01:50:19 PM

Quote from: brg444 on March 31, 2015, 01:48:21 PM

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?

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.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: brg444 on March 31, 2015, 01:48:21 PM

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?

Cash now.
Weak hands need to be shaken.
I put one buy order.

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

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?

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Biro Bob on March 31, 2015, 06:37:03 AM

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

wpalczynski

legendary

Activity: 1456

Merit: 1000

Quote from: iCEBREAKER on March 31, 2015, 11:22:27 AM

Quote from: rpietila on March 31, 2015, 06:03:03 AM

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.

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? Huh

I think he means that speculators which were lost in the long downtrend will be regained.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: rpietila on March 31, 2015, 06:03:03 AM

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.

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? Huh

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: GingerAle on March 31, 2015, 06:01:24 AM

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... Cool

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: Anon136 on March 30, 2015, 09:03:51 AM

Quote from: kurious on March 30, 2015, 02:02:21 AM

Quote from: Anon136 on March 29, 2015, 06:10:19 PM

Quote from: mrkavasaki on March 29, 2015, 05:58:57 PM

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.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: thelibertycap on March 31, 2015, 08:28:35 AM

Quote from: mmortal03 on March 31, 2015, 06:48:39 AM

Any theories on why the network hashrate isn't going up? You'd think more people would mine it if it became profitable for them to do so.

I think hashrate usually follows the price up with some delay. Mining is a business of its own, you don't mine to invest in a coin, you buy the coin.

Botnets make free XMR. Tough to compete with that and nothing that can done about it. Those crooks are business men too if the botnet is not rented out what would you do with it?

Quote from: dEBRUYNE on March 31, 2015, 07:33:18 AM

Quote from: GingerAle on March 31, 2015, 07:19:38 AM

Quote from: mmortal03 on March 31, 2015, 06:48:39 AM

Any theories on why the network hashrate isn't going up? You'd think more people would mine it if it became profitable for them to do so.

large scale monero mining == a pain kinda sorta. Special versions of GPU miners etc.

i've read that most professional miners wait for a high price to stabilize before committing resources.

average joe miners still flummoxed by lack of GUI.

I mean, I guess the main miner drifter would be from litecoin or DRK - those are mostly GPU mined still, right?

I don't know about DRK but litecoin most certainly not. There are already a bunch of ASICs out for mining litecoin.

X11 is fpga now.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

The next bigger selling wall is located at 0.0048. Around 25 k Moneros (or 1.5 days mining rewards).

Topic: [XMR] Monero Speculation - page 1981. (Read 3313076 times)