Topic: [XMR] Monero Speculation - page 2035. (Read 3314316 times)

Because people follow him. He's like a market maker.

Ill break down exactly what Im SPECULATING is happening. LET ME MAKE IT CLEAR ALSO THAT THIS IS IN NO WAY A DIG AT RISTO, I LIKE HIM.

He announces the price will now rise. Not a hard predicition to make when your going to start buying. Begins buying along with the other people who see announcement. Price rises and everyones frothing at the mouth about how great of a prediction it was adding credability to what he says. The hubris takes us up to around December high. He realises he's the only one really buying still. (at this point lots of people are selling for 60%+ profit). Then comes on here and announces Im bearish for such and such a reason to explain why the price then drops because hes stopped buying. Anouncing Im bearish also makes the people who blindly follow then sell, adding to the drop and again adding credibility to what he says.
 My point is its not hard to predict the market when your making the majority of buys and then letting it fall when you stop.
Im not saying he's the only one at all but certainly the main one hence why now he's stopped buying it will go back down. I'd love to be proved wrong, please everyone buy it up lets break the December high without Ristos buying but in my opinion its not going to happen soon.

We need to preach the good news of Monero to the whole mankind.
If each of us can make 5-10 disciples and those disciples themselves are taught to make 5-10 more disciples (just like MLM), the adoption goes viral. The religion called Xiaty is spread like this and it is the biggest religion in the world.
We need to have a plan, and one idea could be to create cashflow assets ("mining rig" could be one of like this - everyone participates with Moneros buying mining shares which pays the dividends in Moneros). The mining fund also could be a business that collects some Moneros from the markets + some of the owners of the contracts might hold coins (or being forced to hold if the payout is for instance one a month etc).

Saw no question mark. If that was the intention then you may be right.

What I said was phrased as a question. Speculating on whether he stops buying now which I think he has and we drop like a stone again.
Its called a speculation thread not a confirmation thread.

WHEN it falls like a stone then feel free to say so. Currently that is not the case.

And ~65% below where he stopped buying last time.

When we dropped from the ~0.005 area was when he said we would never see below 0.004 again went up a bit above that realised that it was going down, stopped buying then ensued the drop ~80% to our lows around 0.001 and below. By all means buy it up and prove me wrong. I'd quite like that...

That's the problem, there is a lack of buying other than Risto and his friends via him.
The adaption needs to go further... I think creating cashflow assets for Monero is something that attracts certain type of people who wish to quit working and have passive income.
That's one way there is a good chance to get at least some adaption. This could be marketed to ordinary investors from business forums.
This type of thing has absolutely huge potential, it might bring even 1 billion usd money into Monero.

Xmr is 50% above 1 month ago and about 10% above last week.  Stone?

So is this gonna end exactly the same as always. Risto stops buying and price drops like a stone....

apparently aminorex is gonna go present to some investor types (main thread) and is lookin for a presentation package.

Like I told, the adoption is expected to be exponential, but the base level is very small, just "me and my friends".

If we can't make the transition to higher adoption in 1-2 months, even the current price is unsustainable. I still don't regret buying, because everyone in my circles is in for the long game, but if the downtrend resumes, the newcomers will get to buy cheaper.

That is the nature of speculation.

Monero needs to find more buyers.
Otherwise after Risto's friends have their positions, there need to be more strong hands holding the coins.
Some kind of new adoption is needed, too.
Perhaps a few merry news on Coindesk will bring more people into Monerosphere.

But wait.. What if they are saying they want it to go down, so people will think they're looking to buy, but really it's a a double game.. agh folly..  

16000+ XMR is mined in 24 hours. And it's still up big since yesterday. XMR is looking strong. The "more bitcoin than bitcoin" cryptonote thread is giving XMR some visibility. I bet that a few highly visible posts on reddit and coindesk would bring in some new money as people begin to recognize XMR's (coming) superiority. And then it will rip. The December high is only important if we continue this incestuous trading, passing XMR back and forth between a few dozen significant players. If new money enters, it won't matter at all. It's not like there's some giant wall at .0019x.

I'd say I was a little closer.

https://bitcoinwisdom.com/markets/poloniex/xmrbtc

Very interested in what will happen in the next couple of days. I still think we need to go down as I said in the trollbox yesterday but the fact that people are saying they want it to go down just means we're looking to buy and are in fact more likely to go up. It feels toppy but only because we're at the December high. If we push pass this in the next couple of days it could really rip upwards. Just can't decide whether to do it or not.

That is my strategy at least So far it has lead to a significantly higher average buy price than what it was before the announcement. On the other hand, I don't really believe the volume would have been this high without (making it not possible to buy much at all).

In the end, everyone can decide for himself and the market is a collective of very many players and their strategies, some are after USD gains, some BTC, the others want and count in XMR, the sizes vary from 2 to 6 digits, and obviously the timeframes as well.

Options and shorting would spice it up a little...

Obviously they can tell you if they are going to buy them. However if they are at least a little smart they wouldn't tell unless they do not count on the counter-effect: Everybody believes they have their own self-interest and therefore are not buying but selling instead it could give them a nice entrance price. 

Remember substance in the posts please. "Stupid bagholder blah blah blah" is not. Explain why at least.

Peaks and troughs. It can't go up in a straight line. Going straight from .00166 to .002 in one day would've left the market feeling very toppy and in a very weak position. Attacking .002 from .00175 would be far better for the bulls.