Topic: [XMR] Monero Speculation - page 2085. (Read 3313076 times)

It keeps going around 135k Satoshi, nobody's expected a rise soon as I see from your writings. So is it valuable price to sell and buy low later?

One major thing I would love to see happening to Monero is to be accepted in one of the main bitcoinexchanges.
Perhaps bitstamp could add Monero, too? Then we could have more liquidity and the price of Monero is not that much dependent on the price of bitcoin.
Perhaps MEW could take this as a challenge for 2015-2016?
This kind of acceptance would be huge step forward for Monero and might cause even a nice rally as converting fiat to Monero is made more straightforward. Now the fiat-converting to Monero is as complex process as it is to use bitcoins anonymously.  

These are problems of human nature (risk taking), innovation distribution, the social order and economic system in general. This is not Monero related. (And most of it, isnt even that bad, as it first seems.)

Moneros distribution and whole launch is very fair. (What can't be said about most other coins.)

Truth.  If you are dabbling or swimming in crypto, especially alts, you/we are most certainly content/compelled to gamble/gambol on the edge   

I venture that almost everybody here is a ballsy risk-taker who presses their limits.  Most of us will suffer for it (but in very limited, almost ludicrous, sense of "suffering", on the broad human scale), and a few will bank big-time.  My prayer is that the good guys fall mainly in the latter camp.

I have been aggressively increasing my stake recently. I'm taking the same risk you might. I'm not going to live this life without taking a risk.

If you're at your limit, fair enough.

I might have used "rational" in place of "moral".  My underlying thought is that a set of core holders which is inadequate to bootstrap an economy is unlikely to survive an NDE, and in the long-term, extreme concentration is an impediment to adoption -- a premise which your NDE post certainly brings into question.

While I remain confident in the technical and structural superiority of XMR relative to its present competition, an NDE which coincided with the introduction of a superior alternative would end in a DE.  An NDE takes time to play out, and that is time during which the opportunity exists for a superior alternative to emerge (since liquidity is a component of the fitness function).

You would like to convince me to add capital in case of a downturn, because you don't have any objection to me increasing risk (since it is not your risk, so it off-loads your risk).  That's cool.  But I'm not convinced that it is healthy for the coin.  The health of the coin is a force multiplier.

In the end, if it gets too cheap, I won't be able to resist the urge to offer a put.  I know that.  I would prefer a scenario in which I never increase past my "moral" cum estimated "rational" limits, but a temporary surplus which ends up reducing my average cost is totally fine with me under all constructions.

I urge you to abandon all "moral" holding limits. There is no morality in markets. The victors will reap the reward and the general populace will take it in stride so long as the playing field was level. Satoshi Nakamato and Hal Finney hold/held heaps of bitcoin, and very few of us have a problem with that. To the victors go the spoils. And if you are so prescient as to see gold where others see mud, then you too deserve to be similarly rewarded, and will be.

Using bottom connectors as pivot lines, I see ~140k and 124k-127k as likely up-turning zones in case of a continued downward.  Anything over 160 seems more likely to end up in a confirmation of the upward breakout.  Sentiment seems pretty bearish, which tends to make the upside breakout more likely.  If you really want to make bank on cheap coins, you have to be willing to disgorge in the 160k region, or else add capital.  Given such a choice, I have always added capital, but now I am at my moral holding limit, so I need to re-evaluate.  Should I add capital temporarily, disgorge, or abstain?  Disgorging is too risky for me, of that I am sure.  The upward price-chase is very damaging to average cost.

the slow uptrend would be a nice bottom for a higher low:


edit: probably combined with the previous low at 0.00124. Could be the resistance point we will be waiting for

My observations:

1. The rise was with a higher volume than the corresponding fall.

Conclusion: the buyers were the suckers (short-term at least). Despite seemingly no resistance for the rise, there has been even less resistance for the fall.

2. Price is right, volume could be faked, walls can be anything.

The old wisdom is that only a trade that is registered for you, means anything. All else could be smoke and mirrors. And often is.

3. My realistic (trying to be as little wishful as possible) estimate of the short-term (30 days) bottoming:

* 30% - a new low is reached below 00091
* 40% - double bottom formed in 00100 area as a long process
* 30% - the bottom is higher (00110-00133) and then turns up (uptrend in force and this being only a Fib correction)

4. My realistic (trying not to forget the positive black swans) estimate of the medium-term (90 days) upside:

* 10% - return to the trading range of 00350 or higher
* 20% - going over 00200 and staying there
* 40% - staying above 00100
* 30% - downtrend continuing below 00100, incl coin abandoned etc. cases

Let's cool it with the pics on the thread, and things a bit more thoughtful and respectful. Thanks

Now I don't care who you are, that's funny right there.

Your pretty high strung for a PotHead. You should try a chill pill.

its an expensive time of year.

If you have a reasonable mining operation, you have electricity costs, as well as Christmas presents, travel, extra food, beer and then there is New Year celebration, the extra retail discounting, etc. Pay day is also a while out.

It's a good time to be a buyer.  A little more than I was paying during the first exchange dumps, but I'm looking to be a buyer again if the January trend keeps looking on the bearish side.

ps.

Looks like the law caught up with your target, Mr LTC ASICs. Bet you are somewhat pleased, although out of pocket.

yeah. hope there's no panic sell tho as this is all looking like a false break out.

People who panic sell, panic buy, daytrade, etc all do us a favor.

They provide volume.  Volume is what is needed for a real economy.  Or for dark markets / any markets to be interested.

make me.

edit:  this is the xmr speculation thread. so if you can't take it..

He who holds the keys I suppose...