I am not the one pushing it up, why would I do it? I can wait very well.
What you should know, however, is that as long as Monero is very small, even the collective of all XMR holders have almost nothing to say concerning the price development. The combined purchasing power of the buyers is always much greater, and even a small number of buyers exercising this power trumps all attempts to cap it.
This by the way is the reason why all coins surge spectacularly and then slowly go down.
Topic: [XMR] Monero Speculation - page 2047. (Read 3313076 times)
If I bought my trading position back now, I would be profiting in terms of Moneros.
However I am not buying them back this high.
However I am not buying them back this high.
How about you three put some sell orders at 0.00165-0.0017 to drive the price down? After all in a bearish market noone will buy them 
So you also think this is not a bargain price to buy Monero currently?
I think what I think has little impact on the market, I'm merely speculating based on my wish of increasing my holding but willing to gamble that if it goes higher I'll pay the price.
If we have enough people like you and me who thinks the price will go down, it will eventually do it. It works like self fulfilling prophecy first and once the dump starts, it changes into a falling snowball. Seen this so many times already.
That would be at least three of us then ..
I already stated I was bearish 2 days before risto's announcement.
If I was even kidding a little bit before .. well now I'm about 45% more bearish.
Admittedly, the rise in price was nice, and there's definitely at least a couple of new people posting .. but the price still went up 45% in a week. That's a whole lot. Enough that it would be insane to not take profit in any other non-crypto market.
Just still so much made per day ATM..
I mean .. the announcement to purchase about 2 weeks of XMR emission at market prices was nice, but now we've got a little over a week of emission that resurfaced with the mintpal recovery .. so not much looks like it's going to change, especially if he's already bought last weeks emission during the rise.
So you also think this is not a bargain price to buy Monero currently?
I think what I think has little impact on the market, I'm merely speculating based on my wish of increasing my holding but willing to gamble that if it goes higher I'll pay the price.
If we have enough people like you and me who thinks the price will go down, it will eventually do it. It works like self fulfilling prophecy first and once the dump starts, it changes into a falling snowball. Seen this so many times already.
just multiply your own max position by 1000 and think what happens )
But don't worry, it's not this week or month, I hope...
)But don't worry, it's not this week or month, I hope...
That's more XMR than will ever exist !!
LOL I wonder how many 5-6 figure holders there are. What happened to statdude?
I'm still following Monero. I just think it's overpriced now and there's a selling pressure in short term.
I hope thats the case (for now), but crypto has the property of behaving the exact opposite of what most people want (or what they say publicly).
note: I have not sold any, just waiting it go lower to increase position.
So you also think this is not a bargain price to buy Monero currently?
I'm still following Monero. I just think it's overpriced now and there's a selling pressure in short term.
Yup. Me too.
Although this might be a trap but probably not... Time will show. I sold my trading stash but left the core position untouched.
just multiply your own max position by 1000 and think what happens )
But don't worry, it's not this week or month, I hope...
)But don't worry, it's not this week or month, I hope...
That's more XMR than will ever exist !!
Not ever because of the minimum maintenance reward of <1%/year. But it will certainly take a long time at that rate to add up to a lot (> 70 years to double).
I'm still following Monero. I just think it's overpriced now and there's a selling pressure in short term.
just multiply your own max position by 1000 and think what happens )
But don't worry, it's not this week or month, I hope...
)But don't worry, it's not this week or month, I hope...
That's more XMR than will ever exist !!
Also the markets are way too immature for Risto's friends to buy.
Ain't stopping them... just the price will rise when they get willing enough!
(TrueCryptonaire is one of 1000+ people in my "investor circles", just multiply your own max position by 1000 and think what happens
)But don't worry, it's not this week or month, I hope...
I'm glad finally I can get my XMR's back and dumped them in Poloniex.
Congratulations, you might have got quite good price for them.
Monero is simply not yet ready for astronomical prices.
Also the markets are way too immature for Risto's friends to buy.
Perhaps in a few years the emission is low enough for any serious rallies.
For now, we just enjoy these small rallies where we can sell our overweight to the strength.
The condition for a lasting rally is the strength that is able to absorb all the shaky hands' selling pressure. Now it looks really bad for it, the coin is way too heavy compared the ability of the community to purchase it.
Not to mention that the whales are not interested themselves to accumulate more. Aminorex told on xmas that his limit is now up and he is not looking for increasing his stash. Risto's stash has reached its limits already on summer 2014.
The whales that want to buy a significiant stash (like 5 million Moneros) can make the price rise, especially if there is a war between two whales. We have not seen this.
I am not being pessimistic but rather realistic.
I'm glad finally I can get my XMR's back and dumped them in Poloniex.
Well, another 100k of previously presumed lost supply is now available not exactly bullish. How much of that gets sold depends on whether the owners had written the loss off and thus would be happy to dump for anything to recover their $/BTC or how many of them are real investors in the coin and are happy to have added to their XMR stash.
On the other hand it could raise more confidence in XMR itself (because the devs helped with the recovery) and people might buy more to average down. Unfortunately, we will never know for sure.
We do not even know if Risto dumps all the Moneros from the game to the markets. He has not commented this if I am not mistaken.
Crypto-Kingdom is the first MMO RPG to have an ingame cryptocurrency. We use XMR as the accounting unit, and the game has already absorbed 35,000 XMR (10,500 USD) (0.5% of XMR supply) of user balances in the system. It is now going online with a custom gaming software, with the intention of gaining much more players and visibility and use for XMR and crypto in general.
See quote in bold.
Bot accumulating.
Are there still some weak hands left? Dump dump dump..
Monero price bumped right now 
Remember, don't buy too high!
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