As noted previously I'm not a day-trader (aka gambler, except for blackjack when I can find a game with a deck cut deep enough to make card counting worth the effort... but I digress LOL) and for the most part I'm strictly just a HODL'er (Aminorex's point re: giving up attempts to TIME the market, word, +1000)
So take my observations here for what they're worth (probably little) but -- it seems to me that XMR has *yet again* done one of these "dollar-based rachet-up by TEN BUCKS" moves... hasn't it?
This has happened now multiple times, from like $10-ish where we were stuck around seven bucks for-frikkin-ever...
then went to $20... sat awhile and we got used to twenty... then to the mid-$30's...
then FluffyGate happened and we went 40-60 but then fall back to stable around $35-$45...
settled down around $45 and boring again for a little while...
and NOW from "steady forty" yesterday we do a big bounce (for no known reason?) to high 50's briefly touching $60 and...
NOW? Seems to be settling down for a while in middle $50-bucks range.
Don't get me wrong, I'm not complaining ("This Is Fine" LOL) but isn't this just... weird?
Why do you guys think XMR seem to be just racheting-up, based on only ten-buck dollar value and not really correlated anymore with bitcoin or anything going on with crypto in general, or even not really with XMR's own progress in general? Just seems ODD to me...
Topic: [XMR] Monero Speculation - page 693. (Read 3314330 times)
"To meet the increasing demands on support staff, the Trollbox has been disabled indefinitely and moderators have been reallocated to assist in support.
Posted by OldManKidd at 2017-06-07 06:10:17"
Oh wow, I really didn’t see that coming. Perhaps now they will be able to answer support sooner than a month after you contact them. Posted by OldManKidd at 2017-06-07 06:10:17"
On a note completely unrelated to the quote above it looks as if Monero is up to 54$ and rising. Perhaps we’ll hit 65-70$ this time?
This Just in from Poloniex!!!!
"To meet the increasing demands on support staff, the Trollbox has been disabled indefinitely and moderators have been reallocated to assist in support.
Posted by OldManKidd at 2017-06-07 06:10:17"
Good for them!
"To meet the increasing demands on support staff, the Trollbox has been disabled indefinitely and moderators have been reallocated to assist in support.
Posted by OldManKidd at 2017-06-07 06:10:17"
Good for them!
What annoys me a bit are some of the coin's supporters
Bother with who thinks Monero is useful or not is a bit stupid.
So if Donald Trump used USD and he annoys me I should stop using USD?
What are you on man?
Can someone please explain to me what happened with fluffypony? What is this terrible thing he is supposed to have done recently?
Said there would be a big announcement. People started buying and price went up.
Announcement was basically "there is no announcement. Stop basing your trades on shit people say on Twitter, we only care about writing good code."
People dumped their coins, lost money and got pissed because they expected to get rich overnight.
I was happy because I bought some extra coins on the dip.
"$XMR enabled. Please generate a new deposit address, as deposits sent to the old address using payment IDs will not credit automatically." - Poloniex
https://twitter.com/Poloniex/status/872296670586916865
https://twitter.com/Poloniex/status/872296670586916865
Poloniex withdrawals are working again. Now it will take a lot longer to get my XMR out. Oh well, one could have worse problems.
I believe that Monero's great power is in slow constant growth.
Bitcoin dipped a bit, I'm guessing that was our surge.
If it could pull back a bit more will we see the inflow?
I hope so.
If it could pull back a bit more will we see the inflow?
I hope so.
Monero is rising and to be honest,... I am surprised.
It is very fast and I dont think it will stop soon.
It seems that there is still a room to rise more
It is very fast and I dont think it will stop soon.
It seems that there is still a room to rise more
Can someone please explain to me what happened with fluffypony? What is this terrible thing he is supposed to have done recently?
I'm relatively new but same as you, I exclusively hold and slowly mine xmr since last year, but the more I read the more I feel the need to diversify a bit.
I'm thinking 25% out from the cold and getting some btc, a little eth (just in case the "scam" continues) and some play money into medium cap alts left on an exchange for day trading and getting the hang of it.
It's been itching for a week now...
It's not about weak hands, or that my belief has diminished, but it itches.
I'm thinking 25% out from the cold and getting some btc, a little eth (just in case the "scam" continues) and some play money into medium cap alts left on an exchange for day trading and getting the hang of it.
It's been itching for a week now...
It's not about weak hands, or that my belief has diminished, but it itches.
Full disclosure, I've never owned LTC, and except for a few Aeon I mined, XMR is the only coin I hold. I don't even hold BTC anymore. I've been a (happy) XMR bag holder for 3 years now
Likewise (apart from the Aeon). Real Mustangs don't day trade.
I have made sales in 2016 and 2017, but the bag is still pretty heavy. Latest sale (first in a year) went through in the last 36 hours at my target price point of 52 USD. What a day - Drank Champagne last night in celebration and I'm still smiling. That's me done for a while. Next tentative sale point - 150 USD.
Q
I'm mildly partial to xmr - held a decent amount for a long time; sold some, but not all, in february. What annoys me a bit are some of the coin's supporters - then again, that's hardly different from btc - and what appears to be a rather glacial pace of development - which, on second thought, isn't that different from btc either.
Monero probably isn't going to be added to Coinbase anytime soon.
I was listening to a talk from Charlie Lee (who works at Coinbase). He was talking about LTC and the potential of getting it added to Coinbase. Anyway, he mentioned that LTC volume on GDAX (exchange owned by Coinbase) has to be consistently high enough before Coinbase would consider adding LTC.
Monero isn't even listed on GDAX. That will probably have to be the first step.
Why does Coinbase only list coins that have high volume on GDAX? Cause they don't want to rely on / go to a 3rd party exchange to source their coins.
Not sure what you are talking about. Litecoin is on Coinbase as well as GDAX. Maybe it was added to GDAX first, but it doesn't really matter. If you create a Coinbase account, you automatically have a GDAX account with same banking info for funding. Only difference is GDAX operates more like a Poloniex type exchange - you place bids and asks, while Coinbase gives you a simpler interface / flat rate based on total being sold or bought. And Coinbase has higher fees.
So maybe they listed it on GDAX first until they had enough volume to be able to manage the Coinbase flat rate. But, regardless, listing on GDAX would be incredible news and open an easy dollar purchase option for all Coinbase / GDAX clients.
Still, I'm skeptical of it happening anytime soon, given their IRS litigation.
Hmm... I guess I was not very good at making my point.
I failed to mention that the interview with Charlie Lee was conducted just prior to LTC being added to Coinbase (it was already listed on GDAX at the time). There was a lot of speculation at the time of that interview around whether or not LTC was going to be added to Coinbase. And Charlie Lee (Coinbase employee and LTC creator) was telling the interviewer essentially what he thought needed to happen before Coinbase would consider adding LTC - mainly they wanted to see good consistent high trading volume on GDAX.
I was simply trying to make the point (probably poorly) that if those are / were the conditions that got LTC listed on Coinbase (according to Charlie Lee). Then Monero will likely need to do the same. Which is get listed on GDAX first, and have good consistent high trade volume on GDAX.
Full disclosure, I've never owned LTC, and except for a few Aeon I mined, XMR is the only coin I hold. I don't even hold BTC anymore. I've been a (happy) XMR bag holder for 3 years now
So, why the sudden pump now? A reaction to the announcement that the Polo wallets would be back up?
I saw on reddit some announcement about more DNM's integrating XMR, but IDK if it's the reason or not...
Do you have a link?
Big marketing for XMR: Lauren Southern singles out XMR, BTC and ETH when describing crypto to 257,000 subscribers
https://www.youtube.com/watch?v=G1JtJLRuqgo#t=5m28s
I memeber that day when XMR hit 0.025 there was more than 150k XMR available on lending market (just few weeks ago). Then next day, just a minute after the big dump deep below 0.02 I've checked again and there was around 100k XMR missing from there (around 60k XMR only).
Now I would actually like to see more coins on lending market because it adds up to XMR liquidity, but current shortage (only 35k atm) probably comes from the lack of confidence in holding too many coins on Poloniex cos they had to many issues over past few months.
Right now there are 44k traders online, back in 2016 there was below 10k users online, now if you let 100 people jump in the bus made for 50 people - you get a broken bus full of pissed off people
That's whats happening to Poloniex right now, and could be the main reason for lack in liquidity and increased volatility in all markets there, not only XMR.
Now I would actually like to see more coins on lending market because it adds up to XMR liquidity, but current shortage (only 35k atm) probably comes from the lack of confidence in holding too many coins on Poloniex cos they had to many issues over past few months.
Right now there are 44k traders online, back in 2016 there was below 10k users online, now if you let 100 people jump in the bus made for 50 people - you get a broken bus full of pissed off people
That's whats happening to Poloniex right now, and could be the main reason for lack in liquidity and increased volatility in all markets there, not only XMR.
Example:
0.0015% 18745.91379309 2-14 Days
That is the reason there are not more XMR for rent on Poloniex. Ludicrous.
Sell and buy me a long position. 
Closed my long yesterday @ 0.01717. Fuk (little amount anyway)
At least what I bought in the .019's is good now.
Closed my long yesterday @ 0.01717. Fuk (little amount anyway)
At least what I bought in the .019's is good now.
Dude you are just outsmarting yourself. I can think of maybe one person who has done better by dumping on highs and scooping on lows (TheKoziTwo) without resorting to pump and dump scamming. Everyone else who gets rich on this stuff without being evil does it by picking a technically and economically sound coin with good community, and accumulating on lows. I confess that I have done well on market making, but that is just nickel and dime stuff compared to the absurd returns on my buy-and-hold cold storage position. I gave up on timing the market for the most part quite a while ago, and I very certainly do not regret that capitulation.
Maybe someday, when xmr is within an order of magnitude of it's long-term fundamental (Fisher's law) value, and the jumps are less biased to the upside, there will be more opportunity to extract technical alpha, but we are not even close to that level yet. Just get as much as you can reliably hold for the long term. Don't load yourself up with regrets by trying to time events which are so difficult to model. You just have to be in when the magic happens, over and over again. Any time spent out just makes it more certain that you will miss out on the upward leaps.
W0rd, I can't convert any fiat as I hate the bubble BTC is in and think alot of people are gonna get burned. I really cannot justify buying it right now. So I'm just making a little here and there when I think a swing is gonna happen but your right that that is playing with fire and has a chance of missing a spike.
I'm just margining so that I don't get caught out if it spikes. But I only shorted once a few days back and monitored it closely, almost closed with a loss but stuck it out. I have so little that I can afford to lose it. 
Sell and buy me a long position.
Closed my long yesterday @ 0.01717. Fuk (little amount anyway)
At least what I bought in the .019's is good now.
Closed my long yesterday @ 0.01717. Fuk (little amount anyway)
At least what I bought in the .019's is good now.
Dude you are just outsmarting yourself. I can think of maybe one person who has done better by dumping on highs and scooping on lows (TheKoziTwo) without resorting to pump and dump scamming. Everyone else who gets rich on this stuff without being evil does it by picking a technically and economically sound coin with good community, and accumulating on lows. I confess that I have done well on market making, but that is just nickel and dime stuff compared to the absurd returns on my buy-and-hold cold storage position. I gave up on timing the market for the most part quite a while ago, and I very certainly do not regret that capitulation.
Maybe someday, when xmr is within an order of magnitude of it's long-term fundamental (Fisher's law) value, and the jumps are less biased to the upside, there will be more opportunity to extract technical alpha, but we are not even close to that level yet. Just get as much as you can reliably hold for the long term. Don't load yourself up with regrets by trying to time events which are so difficult to model. You just have to be in when the magic happens, over and over again. Any time spent out just makes it more certain that you will miss out on the upward leaps.
Last time XMR broke 0.025 there was more than 100k XMR on lending market, now there is less than 30k XMR available for shorting, holy cow 
There must be a whale pumping.
Risto? Is that you?
Not unless he dumped that xmr thats stuck on polo which i doubt. He doesn't pay his bills so apparently he doesn't have any BTC to pump shit.
Except Coinbase is totally fucked right now.
I would advise anyone to not use their service. If you have any issue with your account you will be waiting weeks or months for a response from support.
They are too busy spending money on facebook ads to hire personnel or make improvements to the website/ backend.
(Website was down several times yesterday.)
Maybe things will improve in the coming months but for now Monero doesn't need them to be successful. Its way undervalued and if you don't own some of these coins in a few years you are going to regret it. I would be very surprised if XMR wasn't $100 by this time next year.
Monero is the GNU Linux of the Crypto world. It doesn't need ads or corporate sponsors. Hard work and good code will prevail over time. This is a long-term project.
I would advise anyone to not use their service. If you have any issue with your account you will be waiting weeks or months for a response from support.
They are too busy spending money on facebook ads to hire personnel or make improvements to the website/ backend.
(Website was down several times yesterday.)
Maybe things will improve in the coming months but for now Monero doesn't need them to be successful. Its way undervalued and if you don't own some of these coins in a few years you are going to regret it. I would be very surprised if XMR wasn't $100 by this time next year.
Monero is the GNU Linux of the Crypto world. It doesn't need ads or corporate sponsors. Hard work and good code will prevail over time. This is a long-term project.
At some point coinbase had 50000 new accounts made per day. So I am sure that times were hectic. I woudl expect that on any exchange actually. But those most popular have biggest activity spikes. One of those is also Poloniex. If it will go like this we will see soon constantly over 100k people online on Poloniex. And this soon might happen really soon if Bitcoin will keep getting new ATHs.
About Monero, I said long long time ago that when price reach $50 I will sell 10% of my Moneros and when price doubles so is $100 another 10% and at $200 next 10%. Now price reach $50 two times in almost a week and I classically did nothing
What should I buy for that 10% BTC? Gold? Chilean farming land? Sell and buy me a long position.
Closed my long yesterday @ 0.01717. Fuk (little amount anyway)
At least what I bought in the .019's is good now.
Jump to: