Topic: [XMR] Monero Speculation - page 593. (Read 3314316 times)

I think monero will rise again the price, especially now that many of the same interests of this coin,
hopefully it can price to the moon

I hope you are right. Double the ATH means $400+

Not sure that can be achieved within 2 days, but strap in and lets see!

I think all this Korean stuff is overhyped a bit.... yes price went up nicely, but now it's stable and no sight to another double.

this competition will 100% make XMR rise, who wants to win a prize when the value is less? The Koreans will push this mother up to double ATH

We'll see when they move together again. Last time they moved together, XMR went higher by huge percentage relative to BTC.

Yes, S p e c u l a t i o n !
Damn my experience in trading stocks led me to misjudging and bad timing, and selling too early. XMR and other worthy cryptos are different animals, so I decided to just HODL.

P.S.: Sold 20% of my XMR, and I found it very challenging to buy them back. 

I agree that is doesn't seem predictable lately.  Currently XMR edging higher, while BTC nudges out new ATH's.

They moved opposite for a while, then they moved together for a while.

Now they seem quite disconnected imho?

Can someone help me understand how BTC price impacts XMR price? I am completely unaware of the correlation. Is a high price good or bad short term (for this weekend)? 

Really hope to cash on the action this time as I didn't during the first event 

Shh go away with your predictions you were already right last year    I personally expect atleast one last cycle upwards with the correction after that.

Well, we shall see

This order changes all the time depending on the Koreans flavor of the week - no, more like flavor of the day.

Right after the monero listing for example it was number one

During the BCH pump, BCH was #1, however I am very surprised to see it at #2 - probably partly responsible for why its held at ~600 for so long

I always wonder why they like Ripple so much - they keep going back to it and playing around with it.

You can bet your hat that Monero is going to be #1 this weekend on there - its the 'Whose The Biggest Whale Trader Event' This Sat 00:00 to Sun 23:59 (their time ofc)

That litecoin spike a few days or so ago - LTC was #1 for them I believe I saw

(I check a lot to see when they decide to give Monero another go - whatever their flavor of the day is it always gets a bit of a spike followed by correction)

Anyways, this weekend should be pretty bloody. While some think there might be a dump - I predict otherwise. Especially given the consolidation at current ~2900000/3000000 levels (and what I suspect to be some price suppression on the whales' part while they accumulate), the whales are going to be taking the gloves off and trying to snipe each others' stacks ~ price pump. Of course, if buying at current level look out for the dump which may land us around the 160 range, if the top is at 200. Of course it could end up much much more than that. ie 250 drop-to from 400. Should be fun! They will be accumulating in earnest (IE sell walls gone) from now until the event begins though for sure, bout 10 hours from now.

~ as an addendum I am using those downward wicks (look at the 5min the past couple days) as indicators of hard accumulation coupled with (failed) attempts to dump price / scoop up on the cheap. Already gettin a little bloody

Cant wait to wake up and see where we are. Will set sale points accordingly.

Agreed to that one. Didn't hear much from Risto lately 

The next Alphabay will have a much, much larger impact on the fundamental value of XMR.  For one thing, it won't allow BTC or ZEC (insert image of Cazes hanging by his belt in a Bankok jail cell).  For another, it will grow faster and to a much larger size:. The pent-up demand will be enormous, and the fear factor involved in using BTC or ZEC won't be there to inhibit transactions.

But bootstrapping trust requires magic.  How long that will take, I do not know.  If it takes too long, a technical solution will emerge.

For retirement, I'd like to put a few thousand in a structured product that pays out in fiat a fixed weight of gold and silver.

EG put in 5k XMR, get monthly fiat payments equal to 5oz au + 100oz ag.

Who makes these kind of deals?  Goldman and JPMorgan types?

Epic posts btw.  You're on fire these days! 



Yep.  Nothing for them to do on Monero Island except "research" with Professor iCEBREAKER. 

At least Ginger and Mary Anne were there.

In retrospect, it was a terrible idea for us to arrange our paper wallets for a group photo on the sailboat's deck. 

The look on everyone's faces when that totally unexpected gust of wind blew the wallets overboard is something that will haunt me to my grave. 

Also regret printing the wallets on quickly dissolving rice paper. 

To think it all started with a three hour tour!
Sung to the tune of the Gilligan's Island theme song:

The weather started getting rough,
But the tiny ship was tossed.
If not for the courage of the fearless crew
Monero would be lost.
Monero would be lost.

I know, right?  And we all decided to bring all our paper wallets with us out there on the boat that day...?  WTF were we thinking?  

P.S. Oh, I know... must've been all the drugs, since Monero users are well known as just all a bunch of druggies, LOL... yeah, that's it 

P.P.S. Thanks to RangeDriver for answering my "what's gonna be the top?" post a few pages back today.  Can't hardly believe it'll be true, but we'll see in a few days/weeks I guess.  Strapped in for the ride, popcorn ready!

I buy a small amount every week no matter where the price is and haven't regretted it yet. Only wish I had been doing it sooner (as in before alphabay).