Topic: [XMR] Monero Speculation - page 602. (Read 3314316 times)

https://monerobase.com/geomap/

2891

Impressive!

well ... u said u don't like adrenaline behind, but what you are doing is all about it.
over the years Iam around cryptos I found it very relaxing, but 5min trading is just stupid idea and mostly held by bots. All your so called profit will be eaten by exchange fees most of the time, because u r gambling on very very small waves.

Best strategy (besides here very common hodling) is to do smart short-mid term investments together with long ones.
It really does not that matter if you start with 1000 or 100. It's only about percentage. If you make 20% rebuy later when drop kicks in. Or move to another alt if current is on top.

repeat
profit

I do daytrade, time to time, but MOST of the cases my daytrade is about riding bigger waves. I do not really care if I catch very top or very bottom, I just care about to be in good profit. If I'm not - I'm not going in/out. Don't care if I miss that or that train... there is so many of them, and ALWAYS that train will come back eventually.

I think your approach is overcomplicated with too much effort in it, but if it works for you, go for it

That right there you wrote at the end is the main thing in CRYPTO, that makes all the short term trading stuff ultimately kind of pointless IMHO.

Sooner or later that'll gitcha and -- looking back -- you'll conclude it would've been better to just HODL and save yourself the headaches.

Others here, of course, will disagree and say you can make more trading the mini swings (like how real pros like Aminorex and Rangedriver, etc do it) but it seems more like an ART to me and not really any kind of science. Or gambling, LOL.  Some people are just lucky

I usually watch Polo and trade on Trex, works pretty well for me, except last night Polo was price lagging hard, not even on same page as trex.
Looking at the 30 min chart over the last week I wouldn't even call that a dip. It is fully primed for a big shot up past .04 if we can hold this.
I am only an hour ahead of Korean time which is handy

 

It was a big rise but Monero was also very undervalued, a lot of other cryptos had risen and Monero was due to go up as well.

I think Monero is a bit over value... don't you think?
It was pretty stable arround 40$ and now this pump!

Do you think it will keep rising because of the asian market or it will suffer a correction?

did it also get to a higher price measured in bitcoin?  If you wan to do arbitrage ( that is , buying on one exchange and selling on another) you really want to do it in a coin (BTC) that you can send back to bittrex.

Usually an gap in price are quickly filled by arbitrage bots, so if you do this manually you have to act quick if you see a gap.
fro manual traders, it might be better to just follow the price on bithumb and trade on bittrex. the price of the smaller exchange will grow to the level of the bigger one, so it tells you something about the future value.

Yo yo yo, Mike Cryptobrant here, a newcomer to this gigantic topic!
Some may have crossed my path on the Monero's subreddits, I have been kind of active there this past month.

I'm a newcomer, I met Monero a month ago and it was love at first sight. I invested some fiat in it, as an investment and not for trading, because I don't have the skills nor the balls to trade (and because Monero means so much more than that to me.)
But with all the hype and the crazy Korean market, I've been trying to elaborate some easy strategies with a friend on how to cash in on the pumps and dumps. Just because we need more Moneroj!!! More more more!

As I told you, I am a noob. I hate gambling, I easily Fomo, I find no pleasure nor adrenaline in doing this. I just want to ride the biggest waves while it's time.
I don't know anything about charts except for the most basic concepts and indicators. With my friend we have elaborated a kind of a checklist to know when to sell before a dump. We have benchmarked it a few times, it worked every time. We wanted to put it in action today and sold some XMR but we FOMOd as fuck because the trend took some time to clearly reverse and we, stupid, just read the price changes on a 30 seconds basis.
As a result we won about $0.50 because we just wanted our Moneroj back. Had we waited 1h30 more, it would have been enough profit to buy a new XMR.
Well... you learn from mistakes everyday.

Here is our strategy. The goal here is to learn a bit about what is good and what isn't in this - I believe very conservative - strategy:

We use 3 indicators:
- MACD
- RSI
- PSAR
We have decided that we needed a green light from all of them to move.
Here is the kind of chart I use:
https://www.tradingview.com/chart/6ZUGoUVJ/

Before the action:
- RSI must be Overbought
- MACD must have been over the signal for a good amount of time.
- PSAR shows bullish trend (there are dots under the candlesticks.)
When action starts to kick:
- On the 5m chart, MACD is crossing signal from above.
- RSI is no longer overbought and is on a downward trend.
Then we switch to 15m chart to check that the trend reversal we spotted on the 5m chart is kicking in. Usually, if those signals were not just short term, MACD is gonna cross the signal too.
At this stage we have a 15m chart with:
- RSI is no longer overbought and not so close to the top anymore.
- PSAR has inverted, we now see a new dot over the last candle, meaning that the trend is bearish.
- Last but not least, MACD has crossed signal.

Time to sell.

From our simulations, it's a bit conservative because it could be possible to sell at a bit higher price when the bearish trend starts on the 5m chart, but we prefer taking the least risks.

What is your opinion on this very basic strategy?
We are so scared to see a sudden reverse of trend. Monero mooning and never coming back... (fomo, I told you.)

Thanks and can't wait to see what happens next day!

Today there was a huge peak for XMR on bithumb, it reaches 300$ at the beginning of a candle ! My monero are on bittrex and i did'nt have suche a peak. I didn't realised that it would have such difference between bithumb and bittrex !

Since then i have a question in my mind... Do i have to move my monero to bithumb ? May be there will be similar peak in the next days...And i could put a very high sell order...
I have already created a bithumb account but i am a little bit affraid to do it. I don't really know why but it makes me anxious to move to bithumb.

What do you think ? Is it a good idea ?

changing tracks in the middle of a song?


Apparently there is no API available as of yet.


Well if people stop loaning the friggin shorters so much at such a cheap rate we could have nice things.

Help out with testing the upcoming GUI release!

https://www.reddit.com/r/Monero/comments/6wlzm1/help_out_with_testing_the_upcoming_gui_release/

is this the start of pumpy dumpy ?

I often use a phrase to describe all kinds of things in life that behave like this...

"Steady By Jerks" 

I believe that due to most of the above mentioned reasons, along with all the new code, wallets and scheduled "Network Upgrade" (HF), we will see Monero have these meteoric rises, followed by times of lower volume and some price retracements and then continued price improvements. But, if you filter out all the noise, you will see that the USD price has been climbing at an incredible rate over time.

 

To get to #5 in market cap, Monero "only" has to go to ~$225. Passing Ripple will be a much bigger step upward as it would need to climb all the way up to around ~$570. Then from there it would need to get to ~$660 to leapfrog Bitcoin Cash.

I believe Monero can do it. Right now it stands where it is mostly from FOMO and it has just barely been introduced in the Korean markets. The more I think about it, the more I believe that there will be a "Big 3" in crypto going forward: BTC, ETH, and XMR.

You described exactly how i'm thinking, we have a long way to go still. We will probably just continue to climb upwards for quite some time.

Yes, XMR has risen greatly, but it's far from done. Just look at the relevant metrics. Reddit subscribers, IRC activity, Github activity, third party services, etc. Now compare these to other cryptocurrencies. For most of the metrics, Monero is right behind Ethereum. However, Monero's market cap is 16x smaller than Ethereum. So my view is that Monero is still underpriced. I can't see how it doesn't move up to #5 or higher.


Monero's biggest problem was lack of awareness. People mistakenly thought that Bitcoin was anonymous, and the Monero team was busy making Monero rock solid. The last few days have resulted in a tremendous increase in awareness of Monero. People are starting to realize that their Bitcoin is completely traceable, and Monero is perfectly positioned to benefit. Another 5x increase is not just possible, but very likely. If you're worried about buying at a high price, then distribute your buys over time.

XMR will probably hit 1kusd by end of next year.

I was on vacation and missed to buy ome. So you guys think I am too late? x3 seems pretty huge for XMR.

Pretty cool indeed, but smooth's is the coolest 

It is not connected at all: