Author

Topic: [XMR] Monero Speculation - page 2166. (Read 3313076 times)

legendary
Activity: 1424
Merit: 1001
September 10, 2014, 03:01:16 PM
Breaking the trend is marvellous. I want to see more buy walls, I will buy more when I get my BTC from Turkish exchange site.
legendary
Activity: 2268
Merit: 1141
September 10, 2014, 12:33:52 PM
somebody dumped 9400 XMR a short while ago @425
Total dumps that minute was around 13.5k. Take a look at the 1 minute chart and you'll notice.

We broke out of the downtrend btw with considerable volume! Time to buy guys  Cool

donator
Activity: 1722
Merit: 1036
September 10, 2014, 12:10:58 PM
Yeah now there's a break because 425 wall was attacked by a big salvo. The rest (that in my calc belonged to 3 if not 4 traders) was quickly pulled. Now bid side is about 413, no meaningful ask until 450, suspected to be fake.

One trader claims to have bought 15k today. Warz who started it all has not commented.

There's a growing wall in 400 so truce might not last long.
legendary
Activity: 1624
Merit: 1008
September 10, 2014, 12:03:22 PM
somebody dumped 9400 XMR a short while ago @425
legendary
Activity: 1610
Merit: 1004
September 10, 2014, 11:36:48 AM
why are you doing that?

Warz is responsible for the buy wall, I think.
hero member
Activity: 742
Merit: 500
September 10, 2014, 11:29:15 AM
why are you doing that?
donator
Activity: 1722
Merit: 1036
September 10, 2014, 11:26:58 AM
The action has been going on for 2,5 hours.

- 39,000 XMR have been traded
- Price from 380k to 434k
- Many players with big stacks of BTC making buy walls
- No any dumps over 5,000 XMR during the whole exercise
- Action continues with BTC187 bid wall standing at 425k.
legendary
Activity: 2730
Merit: 1288
September 10, 2014, 10:59:31 AM
Whales are playing on Polo. At some point made 250 BTC buying wall at highest price to buy. Lot of chances to dump for those that have to. And lot of chances could trigger panic buying. Like this will go to 0.0045 or even 0.005  real fast.
sr. member
Activity: 364
Merit: 250
September 09, 2014, 05:10:04 PM
Still above my average, although I brought it up a little today.  A good day.
hero member
Activity: 532
Merit: 500
September 09, 2014, 01:48:24 PM
Then you buy more to lower your average buy in price.
sr. member
Activity: 462
Merit: 250
September 09, 2014, 12:53:48 PM
Nom mom mom...

The price looks deliciously tasty for accumulation. I might have to thank the forum trolls for this opportunity! Some are likely true playa hataz, which is their prerogative. But they are doing me a favor! Thanks guys!!! You've created an opportunity!

If the price drop between your purchase price and stay there for some time, you will have different feeling.
sr. member
Activity: 364
Merit: 250
September 09, 2014, 12:37:19 PM
Nom mom mom...

The price looks deliciously tasty for accumulation. I might have to thank the forum trolls for this opportunity! Some are likely true playa hataz, which is their prerogative. But they are doing me a favor! Thanks guys!!! You've created an opportunity!
legendary
Activity: 1276
Merit: 1001
September 08, 2014, 02:58:09 AM
I've been idly wondering the last week or so what are the dynamics between, eg, Monero, and Bitcoin price. After the Monero specific speculation, what additional effect on Monero price is Bitcoin price expected to have ? In other words, does a decrease in Bitcoin price tend to push Monero price higher (if the price of Monero tends to be viewed in fiat terms), have close to no effect (if the price of Monero tends to be viewed in Bitcoins), or push it lower ? And conversely when the price of Bitcoin goes up.

I'd guess a first psychological reason of the main Monero markets being priced in bitcoin would mean no change, but the fiat price is a major consideration when a currency can't be universally used as such, and I'm curious whether experience with other strong alt coins has anything to say here, and whether Monero is expected to match such experience.
hero member
Activity: 723
Merit: 503
September 07, 2014, 09:22:09 PM
I find it interesting that the total amount of XMR for sale on Polo remains around 150k which is quite low in a downtrend.

Seems to indicate that the new holders of the ~50,000 XMR unloaded by windjc intend not to sell at any price near these levels, but this is just wild speculation. Smiley

edit: i am not sure if windjc meant 6 figures of XMR or 6 figures in fiat...

Did I miss where windjc dumped 50k XMR? Permanent bail, or trying to buy lower?

Ideological dump. He thinks Rpietila ego is too big and wanted to teach him a lesson so he decided that his best course of action was liquidate his XMR position at a bottomish price. I wonder if he realizes that he's gonna achieve the opposite of what he wanted. Lulzy.
hero member
Activity: 700
Merit: 500
September 07, 2014, 08:04:50 PM
It seems my buy orders got filled  Cool

Buying everything I can under 0.004, wish I had more fiat/BTC...
sr. member
Activity: 364
Merit: 250
September 07, 2014, 07:55:34 PM
I find it interesting that the total amount of XMR for sale on Polo remains around 150k which is quite low in a downtrend.

Seems to indicate that the new holders of the ~50,000 XMR unloaded by windjc intend not to sell at any price near these levels, but this is just wild speculation. Smiley

edit: i am not sure if windjc meant 6 figures of XMR or 6 figures in fiat...

Did I miss where windjc dumped 50k XMR? Permanent bail, or trying to buy lower?
hero member
Activity: 798
Merit: 500
September 07, 2014, 05:13:11 PM
Seems like we're going down, altough there is support @ 0.00375-0.0038

Indeed, sadly.. i'm out of BTC now (on polo) to buy even more  Angry
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 07, 2014, 02:14:32 PM
I find it interesting that the total amount of XMR for sale on Polo remains around 150k which is quite low in a downtrend.

Seems to indicate that the new holders of the ~50,000 XMR unloaded by windjc intend not to sell at any price near these levels, but this is just wild speculation. Smiley

edit: i am not sure if windjc meant 6 figures of XMR or 6 figures in fiat...

I don't think windjc does his accounting in XMR.

I do.

legendary
Activity: 1610
Merit: 1004
September 07, 2014, 11:46:17 AM
I find it interesting that the total amount of XMR for sale on Polo remains around 150k which is quite low in a downtrend.

Seems to indicate that the new holders of the ~50,000 XMR unloaded by windjc intend not to sell at any price near these levels, but this is just wild speculation. Smiley

edit: i am not sure if windjc meant 6 figures of XMR or 6 figures in fiat...
legendary
Activity: 2268
Merit: 1141
September 07, 2014, 09:23:32 AM
Seems like we're going down, altough there is support @ 0.00375-0.0038
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