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Topic: [XMR] Monero Speculation - page 614. (Read 3314316 times)

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
legendary
Activity: 2016
Merit: 1259
August 25, 2017, 10:46:10 PM
I read that Monero is real mooney (actual typo  Cheesy ) money.  Is It True?

This good enough approximation for mooney ?
moonrocket.jpg

That'll do nicely Grin


This is Gentlemen!


LOL yes indeed it is, good sir... but we need the image too, right?

LOL




ahhh...

full member
Activity: 266
Merit: 119
August 25, 2017, 10:33:32 PM
I read that Monero is real mooney (actual typo  Cheesy ) money.  Is It True?

This good enough approximation for mooney ?

hero member
Activity: 608
Merit: 509
August 25, 2017, 10:29:35 PM

This is Gentlemen!


LOL yes indeed it is, good sir... but we need the image too, right?

LOL


legendary
Activity: 2016
Merit: 1259
August 25, 2017, 10:21:10 PM
I read that Monero is real mooney (actual typo  Cheesy ) money.  Is It True?
hero member
Activity: 493
Merit: 551
August 25, 2017, 10:13:11 PM
Congratulations to all of us who have been through all those highs and lows, joy and frustration, FUD and tears, those who have always believed in this project and community, who waited patiently and supported through suggestions, donations, kind words. Congratulations to the developers who have made this possible. You guys are amazing. Goodbye triangle, hello uncharted space. Thank you Polo for beeing home of XMR for so long.

Love you all, even the Duck and all our trolls who made us strong.
May the hodling be strong in you up to the time when 1 XMR will be...1 XMR, soon.   Grin
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
August 25, 2017, 09:20:06 PM
Nobodys holding this down now! Massive browser Lag!
legendary
Activity: 2282
Merit: 1050
Monero Core Team
August 25, 2017, 08:58:28 PM
New ATH for XMR/XBT
legendary
Activity: 2016
Merit: 1259
August 25, 2017, 08:57:05 PM
This is Gentlemen!
hero member
Activity: 795
Merit: 514
August 25, 2017, 08:56:39 PM
We're approaching our old ATH of 0.0265.

EDIT: just broke through to 0.029. New territory.

Next price target: 0.0472 (or $204 USD)
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
August 25, 2017, 07:53:54 PM
Even if the price drops back down below $30 I would not worry.  This reminds me a lot of the various Bitcoin runups over the years.  There are, however, some important differences now vs then that make continued accumulation of XMR a wise move, IMHO.  At the present time there is so much noise from other projects in the crypto space that there is no way anyone can realistically keep up with it all.  It's hard to get noticed, but that's OK.  Quality eventually emerges.  Always does.  The devs went about this exactly the right way: building solid tech without a glitzy marketing/ICO campaign for an immature (or even non-existent) product.   Couple XMR's not-yet-ready-for-the-masses software with a well-defined roadmap and you get a "perfect value-investing storm" for anyone with a reasonably long time horizon.

Cream always rises to the top. Smiley
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
August 25, 2017, 07:52:41 PM
The listing in Bithumb next week will present an arbitrage opportunity for active traders. The Korean exchange is known for over valuing most of the cryptocoins traded in their exchange.

But since the Korean traders are aware of this, will they make the smart move and bid lower than the present price?

Depending on vol I might just watch it and margin on polo.
newbie
Activity: 56
Merit: 0
August 25, 2017, 07:41:09 PM
Even if the price drops back down below $30 I would not worry.  This reminds me a lot of the various Bitcoin runups over the years.  There are, however, some important differences now vs then that make continued accumulation of XMR a wise move, IMHO.  At the present time there is so much noise from other projects in the crypto space that there is no way anyone can realistically keep up with it all.  It's hard to get noticed, but that's OK.  Quality eventually emerges.  Always does.  The devs went about this exactly the right way: building solid tech without a glitzy marketing/ICO campaign for an immature (or even non-existent) product.   Couple XMR's not-yet-ready-for-the-masses software with a well-defined roadmap and you get a "perfect value-investing storm" for anyone with a reasonably long time horizon.
legendary
Activity: 3164
Merit: 1506
August 25, 2017, 07:04:09 PM
The listing in Bithumb next week will present an arbitrage opportunity for active traders. The Korean exchange is known for over valuing most of the cryptocoins traded in their exchange.

But since the Korean traders are aware of this, will they make the smart move and bid lower than the present price?
sr. member
Activity: 453
Merit: 500
hello world
August 25, 2017, 07:01:59 PM


situation heating up, good days behind us and also most likely more good ones in front of us, all the pain seems washed away.
personally expecting an ATH in XMRBTC market soon.

respect to all the hodlers!

JOIN #monero-markets, place to be ;-)


legendary
Activity: 1512
Merit: 1000
@theshmadz
August 25, 2017, 06:47:48 PM
Congratulations to all the long term believers! Breaking 100 USD might be just another arbitrary number, but it feels good man.

Years ago I did some calculation/estimate - something about capturing some percentage of black and grey markets.  I can't remember the details, but the result was 500 USD. Seemed crazy at the time, now it just feels inevitable.  Smiley
legendary
Activity: 2744
Merit: 1288
August 25, 2017, 06:30:24 PM
I think this .0242 is where it's being held, It's trying so hard to break through it. But when who ever it is wants to release it and when they do it will go mental.
But the dips are getting lower, I think it could break through today maybe.

Though Bithumb has been pushed back a week so might be more than a few day roller coaster. What were the market Abnormalities they spoke of?



.0242 has been broken. Smiley

9 am in Seul. New Monero day just started. We might even test the 0.0265 today. Sadly I will be most likely sleeping with sweet dreams Smiley
newbie
Activity: 136
Merit: 0
August 25, 2017, 06:20:26 PM
I think this .0242 is where it's being held, It's trying so hard to break through it. But when who ever it is wants to release it and when they do it will go mental.
But the dips are getting lower, I think it could break through today maybe.

Though Bithumb has been pushed back a week so might be more than a few day roller coaster. What were the market Abnormalities they spoke of?



.0242 has been broken. Smiley
hero member
Activity: 714
Merit: 504
August 25, 2017, 06:16:45 PM
legendary
Activity: 2282
Merit: 1050
Monero Core Team
August 25, 2017, 06:10:23 PM
Monero has been in a consolidation mode for a year with respect to Bitcoin since it has not yet broken the 0.0265 XBT ATH. My take is that if the 0.0265 XBT ATH is broken on good volume then all bets are off. TO understand this I would suggest taking a look at the weekly chart with an exponential scale. https://bitcoinwisdom.com/markets/poloniex/xmrbtc. Play around with the chart look at volume and MACD. Draw some lines and reach you own conclusions. I see the situation now as very similar to the testing of ~0.004 XBT in 2016 or the ~0.004 hihg in 2015. A break on strong volume saw an ~6x increase in XMR/XBT. (2016) One the other hand if the resistance holds then expect some more consolidation (2015).

Personally I just hold my long term XMR position and watch the fireworks. Sometimes when one is well positioned for the long term the best thing to do in the markets can be nothing.

Edit: When it comes to the short term for the most part in the past I have been wrong. So I focus only on the long term. 
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