[XMR] Monero Speculation - page 55. | Bitcointalksearch.org

BayAreaCoins

legendary

Activity: 4004

Merit: 1250

Owner at AltQuick.com

Quote from: Hueristic on January 02, 2021, 01:05:05 PM

Quote from: Millionero on January 02, 2021, 12:41:21 PM

Quote from: fabiorem on January 02, 2021, 08:30:26 AM

I have been using Changelly now, which transfers between your own wallets. They dont have a book

Changelly Pro has a book
pro.changelly.com
It's pretty new and I only signed up today, so I can't say how good it is.

Tried to signup through Tor and got one message, and I quote.

Quote

Forbidden

So yeah I guess fuck changley.

Changelly did you a favor most likely.

FreeBitcoins allows Tor and has a quick swap exchange that lays over the top of our XChange's bid/ask. https://freebitcoins.com/swap/

If you aren't a fan of Javascript... Our Swap tool has an API: https://freebitcoins.com/swap/api.html

XChange (bid/ask) has an API as well for non-javascript folks: https://github.com/FreeBitcoins-com/docs

We also don't use google recaptcha because that shit sucks on tor.

The bid and ask need to be thicker, but at least we aren't faking volume I suppose... Tongue

Due to our XChange liquidity... it does make the Swap tool a little dangerous because Swap is basically just a market order button for nonaccount holders.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: TheKoziTwo on January 02, 2021, 06:12:32 PM

Yes, did not sell a single monero since that post. And no plans of selling anytime soon. Historically Q1 is when altcoins pump, and this price drop seems like a huge overreaction to me. I'll admit it went further down than I expected, but I'm not too concerned. I imagine there will be support at 0.0042 which is the previous double top.

Oh and I have now increased my allocation to 100% altcoins. Most of that ETH, and XMR second largest holding.

Shit, you don't post enough anymore!
and then you decide to when I'm outta merits!

megadeth

sr. member

Activity: 289

Merit: 252

bagholder since 2013

Quote from: TheKoziTwo on January 02, 2021, 06:12:32 PM

Quote from: yefi on January 01, 2021, 06:20:31 PM

Quote from: TheKoziTwo on July 04, 2019, 10:41:32 AM

Quote from: iCEBREAKER on July 03, 2019, 11:29:20 PM

Not sure. Was the 20k Polo buy whale dumped into? If so, that's pretty capitulatey... Undecided

It was indeed. And I am now 26.6k XMR richer.

This is the lowest btc ratio since 2016. I'm seeing a lot of comments these days about how "it's different this time". No, it's not different. The smart money knows this and is picking up altcoins now and going forward from people who believe such thing. There will be a new rally for altcoins once again and it will catch a lot of people by surprise.

Monero has had tremendous technological progression and adoption over the last few years. "but fundamentals". None of that matters here. The main reason for this price drop was obviously the bear market and bitcoins recovery, however, something unexpected occurred after breaking 0.01 and that was massive margin liquidations. People who believe so strongly in monero that they'd leveraged up beyond reason were sadly getting crushed. The price went far lower than they expected and they were forced to let their coins go at the worst possible time. I think we may be in, or entering capitulation at this stage.

When the price was far higher I estimated a "worst-case" target to be ~0.007. Therefore I started buying at ~0.01 and decided to go in quite significantly around these levels we are now. I don't try to time exact bottoms, that is a fool's game and impossible at the scale I operate on anyway. There is still a risk that a continued bitcoin rally could put further pressure on altcoins. But what we're seeing here is unprecedented and the upside is now far greater. So from a risk/reward perspective, while the price could drop fruther, I think betting on further downside now is a bet with very high risk of missing out. If I've learned anything from more than half a decade trading alts, it's that when the market turns, it turns quickly. If I'm not positioned by then, I won't have time to.

There is something different this time though. I've always been a bitcoin holder. That is, I hold majority of my funds in bitcoin, rarely going below 70%. Not this time. I have decided to follow my own altcoin prediction to the fullest and increase my altcoin share significantly. In fact, I am, as of today more than 80% in altcoins and ready to increase that further. Monero just became my second largest holding. I haven't owned this much monero since during the xmrbtc rally in 2016.

Exciting times ahead. Or horrible misery Cheesy

I'm interested, you still holding?

Yes, did not sell a single monero since that post. And no plans of selling anytime soon. Historically Q1 is when altcoins pump, and this price drop seems like a huge overreaction to me. I'll admit it went further down than I expected, but I'm not too concerned. I imagine there will be support at 0.0042 which is the previous double top.

Oh and I have now increased my allocation to 100% altcoins. Most of that ETH, and XMR second largest holding.

Based chad TKT Grin

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: yefi on January 01, 2021, 06:20:31 PM

Quote from: TheKoziTwo on July 04, 2019, 10:41:32 AM

Quote from: iCEBREAKER on July 03, 2019, 11:29:20 PM

Not sure. Was the 20k Polo buy whale dumped into? If so, that's pretty capitulatey... Undecided

It was indeed. And I am now 26.6k XMR richer.

This is the lowest btc ratio since 2016. I'm seeing a lot of comments these days about how "it's different this time". No, it's not different. The smart money knows this and is picking up altcoins now and going forward from people who believe such thing. There will be a new rally for altcoins once again and it will catch a lot of people by surprise.

Monero has had tremendous technological progression and adoption over the last few years. "but fundamentals". None of that matters here. The main reason for this price drop was obviously the bear market and bitcoins recovery, however, something unexpected occurred after breaking 0.01 and that was massive margin liquidations. People who believe so strongly in monero that they'd leveraged up beyond reason were sadly getting crushed. The price went far lower than they expected and they were forced to let their coins go at the worst possible time. I think we may be in, or entering capitulation at this stage.

When the price was far higher I estimated a "worst-case" target to be ~0.007. Therefore I started buying at ~0.01 and decided to go in quite significantly around these levels we are now. I don't try to time exact bottoms, that is a fool's game and impossible at the scale I operate on anyway. There is still a risk that a continued bitcoin rally could put further pressure on altcoins. But what we're seeing here is unprecedented and the upside is now far greater. So from a risk/reward perspective, while the price could drop fruther, I think betting on further downside now is a bet with very high risk of missing out. If I've learned anything from more than half a decade trading alts, it's that when the market turns, it turns quickly. If I'm not positioned by then, I won't have time to.

There is something different this time though. I've always been a bitcoin holder. That is, I hold majority of my funds in bitcoin, rarely going below 70%. Not this time. I have decided to follow my own altcoin prediction to the fullest and increase my altcoin share significantly. In fact, I am, as of today more than 80% in altcoins and ready to increase that further. Monero just became my second largest holding. I haven't owned this much monero since during the xmrbtc rally in 2016.

Exciting times ahead. Or horrible misery Cheesy

I'm interested, you still holding?

Yes, did not sell a single monero since that post. And no plans of selling anytime soon. Historically Q1 is when altcoins pump, and this price drop seems like a huge overreaction to me. I'll admit it went further down than I expected, but I'm not too concerned. I imagine there will be support at 0.0042 which is the previous double top.

Oh and I have now increased my allocation to 100% altcoins. Most of that ETH, and XMR second largest holding.

francois-cooper

member

Activity: 308

Merit: 31

Your Data Belongs To You

the xmr graph was looking good, too bad this news came out at the wrong moment

BldSwtTrs

legendary

Activity: 861

Merit: 1010

https://twitter.com/dashpay/status/1345093269919854592?s=21

heraldd

newbie

Activity: 7

Merit: 3

Quote from: henkcryptotank on January 02, 2021, 03:30:13 AM

Surely im not the only one, positive about this?
Bitcoin is doing what its supposed to do: going mainstream.
Monero is doing what its supposed to do: going underground.

Happy newyear every1 Cheesy

Greets Hank

I would love to agree with you. A delist leading to a pump (instead of a dump) would have been a big middle finger to the regulators. Unfortunately, Monero is not ready to live without custodian exchanges yet:

- Bisq is clunky (because it's built like a fiat ramp) and relies on central exchanges for the price determination
- Waves is empty (and I am not even sure it is fully decentralized)
- shapeshift copycats now refuse Tor

We should not show off until we have a true atomic swap solution, or a least a tokenized XMR to be used on other chains for its price determination (like a "renXMR" vs "renBTC" on Uniswap for example)... Until then, only shaddy custodian exchanges will use XMR so the price will be manipulated.

The truth is we knew this day would eventually arrive, but we are not prepared yet.

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: Hueristic on January 02, 2021, 01:05:05 PM

Quote from: Millionero on January 02, 2021, 12:41:21 PM

Quote from: fabiorem on January 02, 2021, 08:30:26 AM

I have been using Changelly now, which transfers between your own wallets. They dont have a book

Changelly Pro has a book
pro.changelly.com
It's pretty new and I only signed up today, so I can't say how good it is.

Tried to signup through Tor and got one message, and I quote.

Quote

Forbidden

So yeah I guess fuck changley.

On the bright side Volume has really picked up!!! Grin

What goes up must come down and vice versa Grin

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Millionero on January 02, 2021, 12:41:21 PM

Quote from: fabiorem on January 02, 2021, 08:30:26 AM

I have been using Changelly now, which transfers between your own wallets. They dont have a book

Changelly Pro has a book
pro.changelly.com
It's pretty new and I only signed up today, so I can't say how good it is.

Tried to signup through Tor and got one message, and I quote.

Quote

Forbidden

So yeah I guess fuck changley.

On the bright side Volume has really picked up!!! Grin

Millionero

sr. member

Activity: 807

Merit: 423

Get rid of that damn spammer.
He keeps registering new sock puppets. Maybe you should close both monero threads to posts from newbies for a while, until he goes away.

Millionero

sr. member

Activity: 807

Merit: 423

Quote from: fabiorem on January 02, 2021, 08:30:26 AM

I have been using Changelly now, which transfers between your own wallets. They dont have a book

Changelly Pro has a book
pro.changelly.com
It's pretty new and I only signed up today, so I can't say how good it is.

phishead

hero member

Activity: 1873

Merit: 840

Keep what's important, and know who's your friend

Quote from: tokeweed on January 02, 2021, 12:00:02 PM

Quote from: explorer on January 01, 2021, 04:38:41 PM

It has to be something bigger than bittrex. This looks more coordinated.

Seems like it...

I wonder which exchange lead the dump. Bittrex couldn't have lead it since it has only like 250k - 300k USD 24 hour volume for XMR.

I don't think it was any "exchange" that lead it... more than likely it was just a FUD dump across the board imo

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: explorer on January 01, 2021, 04:38:41 PM

It has to be something bigger than bittrex. This looks more coordinated.

Seems like it...

I wonder which exchange lead the dump. Bittrex couldn't have lead it since it has only like 250k - 300k USD 24 hour volume for XMR.

phishead

hero member

Activity: 1873

Merit: 840

Keep what's important, and know who's your friend

Welp, I'm back to the old 2016 portfolio of all in on XMR... ready to take off anytime you guys are Wink

fabiorem

sr. member

Activity: 1400

Merit: 347

Bittrex sucks. I stopped using them many months ago, because, while their fees over swing trades are small, their fees over transfers are huge, which is bad for those who wants to hold the coins.
I have been using Changelly now, which transfers between your own wallets. They dont have a book, so not a place for swing traders. I think we have a nice entry point for Monero here, and if you want to buy, now its the time.

Millionero

sr. member

Activity: 807

Merit: 423

I lost one xmr to bittrex. I opened an account, deposited the coin, and then wasn't able to withdraw that coin. They don't warn you about the fact that they will accept your coins and then, AFTER you've deposited, tell you about further kyc requirements before you can withdraw. I was never informed that kyc is required for withdrawals.
Lucky I only deposited one xmr.
Yeah, f**k bittrex.

BayAreaCoins

legendary

Activity: 4004

Merit: 1250

Owner at AltQuick.com

Quote from: Globb0 on January 02, 2021, 05:25:13 AM

Quote from: BayAreaCoins on January 02, 2021, 05:15:39 AM

Quote

After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline. There may be circumstances under which a user may not be able to withdraw a token due to events outside of Bittrex’s control. For example, there could be technical difficulties (e.g., the blockchain is broken) which prevent users from being able to withdraw their tokens.

This is theft... if there service is still open, they should be giving people their fucking coins back.

What about the people that get out of jail and such after 30 days.

Bittrex is garbage... XMR is better off without wannabe banksters that rob their customers with short notice.

FreeBitcoins.com/xchange is happy to support XMR, DASH, ZEC, other privacy coins rather than fiats.

Bittrex is gambling that accepting fiat rather than crypto is more profitable. This basically spits in all of their user's faces because crypto built their service in the first place... fuck them.

Then you will be left dealing with them in person on a case by case basis.

I don't thin they can lawfully withhold your stuff, but it wont be on the platform anymore.

They steal the coins from my experience... I'm sure that's what is going to happen here.

minhtra

jr. member

Activity: 79

Merit: 2

Pros are seeing better entry points for anonymous coins https://www.coingecko.com/en/coins/monero

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: BayAreaCoins on January 02, 2021, 05:15:39 AM

Quote

After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline. There may be circumstances under which a user may not be able to withdraw a token due to events outside of Bittrex’s control. For example, there could be technical difficulties (e.g., the blockchain is broken) which prevent users from being able to withdraw their tokens.

This is theft... if there service is still open, they should be giving people their fucking coins back.

What about the people that get out of jail and such after 30 days.

Bittrex is garbage... XMR is better off without wannabe banksters that rob their customers with short notice.

FreeBitcoins.com/xchange is happy to support XMR, DASH, ZEC, other privacy coins rather than fiats.

Bittrex is gambling that accepting fiat rather than crypto is more profitable. This basically spits in all of their user's faces because crypto built their service in the first place... fuck them.

Then you will be left dealing with them in person on a case by case basis.

I don't thin they can lawfully withhold your stuff, but it wont be on the platform anymore.

BayAreaCoins

legendary

Activity: 4004

Merit: 1250

Owner at AltQuick.com

Quote

After the markets are removed, Bittrex generally seeks to provide users up to 30 days to withdraw any delisted tokens, but in certain instances the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline. There may be circumstances under which a user may not be able to withdraw a token due to events outside of Bittrex’s control. For example, there could be technical difficulties (e.g., the blockchain is broken) which prevent users from being able to withdraw their tokens.

This is theft... if there service is still open, they should be giving people their fucking coins back.

What about the people that get out of jail and such after 30 days.

Bittrex is garbage... XMR is better off without wannabe banksters that rob their customers with short notice.

FreeBitcoins.com/xchange is happy to support XMR, DASH, ZEC, other privacy coins rather than fiats.

Bittrex is gambling that accepting fiat rather than crypto is more profitable. This basically spits in all of their user's faces because crypto built their service in the first place... fuck them.

Topic: [XMR] Monero Speculation - page 55. (Read 3313076 times)