[XMR] Monero Speculation - page 940.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: nanobrain on November 13, 2016, 10:19:55 PM

Quote from: ArticMine on November 13, 2016, 09:42:38 PM

Quote from: nanobrain on November 13, 2016, 08:42:52 PM

...

I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.

I would take a look at the volume on October 28, 2016 when the 0.0058 low was reached of over 2,000,000 XMR. The combined total volume of October, 31, 2016, November 1, 2016 and November 2, 2016 for the retest was comparable to October 28, 2016. So this would support an Adam and Eve bottom.

Interesting but there is an element of manipulating the data to make it fit your hypothesis ie one day's volume equals the sum of three days' volume. That's a slippery slope Wink

As I posted a wee while ago, I also think we are/were massively oversold, so there's lots of conflicting signals. I'd still trade cautiously at this point.

Still over 4K BTC on the buy side and fewer on sale. Usually a swing in these ratios like this is bullish for price - but I do feel cautious as the mood here does seem to be the bear market is not over and (of course) BTC could still blow the doors off.

Topping the volume charts feels very positive, it bodes well, but December lows and spring breakouts towards summer peaks has been Monero's way. BTC not mooning and XMR staying solidly over 0.01 (with volume) for a few weeks would be great as it would look like a signal the bear market is done.

Conversely if volume drops and the buy side does too, bearwhales will have a chance to hammer down again.

Whatever happens, I take heart that money is flowing back and forth between XMR and BTC way more than other coins - which implies XMR is maintaining a healthy respect in the market.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: bobabouey2 on November 13, 2016, 10:05:47 PM

Quote from: nanobrain on November 13, 2016, 08:37:15 PM

Quote from: Hueristic on November 13, 2016, 08:11:07 PM

Quote from: kurious on November 13, 2016, 05:25:48 PM

Polo buy side up to 4000 BTC and sell side is sub 300K XMR....

Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.

TA freaks welcome to comment, of course. I am wondering what it means.

Less weak hands.

~~Less~~ Fewer weak hands. Tongue

https://www.youtube.com/watch?v=vRKU4-ZhHl8

Ha! Better all watch our grammar.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: ArticMine on November 13, 2016, 09:42:38 PM

Quote from: nanobrain on November 13, 2016, 08:42:52 PM

...

I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.

I would take a look at the volume on October 28, 2016 when the 0.0058 low was reached of over 2,000,000 XMR. The combined total volume of October, 31, 2016, November 1, 2016 and November 2, 2016 for the retest was comparable to October 28, 2016. So this would support an Adam and Eve bottom.

Interesting but there is an element of manipulating the data to make it fit your hypothesis ie one day's volume equals the sum of three days' volume. That's a slippery slope Wink

As I posted a wee while ago, I also think we are/were massively oversold, so there's lots of conflicting signals. I'd still trade cautiously at this point.

bobabouey2

sr. member

Activity: 248

Merit: 250

Quote from: nanobrain on November 13, 2016, 08:37:15 PM

Quote from: Hueristic on November 13, 2016, 08:11:07 PM

Quote from: kurious on November 13, 2016, 05:25:48 PM

Polo buy side up to 4000 BTC and sell side is sub 300K XMR....

Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.

TA freaks welcome to comment, of course. I am wondering what it means.

Less weak hands.

~~Less~~ Fewer weak hands. Tongue

https://www.youtube.com/watch?v=vRKU4-ZhHl8

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: nanobrain on November 13, 2016, 08:42:52 PM

...

I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.

I would take a look at the volume on October 28, 2016 when the 0.0058 low was reached of over 2,000,000 XMR. The combined total volume of October, 31, 2016, November 1, 2016 and November 2, 2016 for the retest was comparable to October 28, 2016. So this would support an Adam and Eve bottom.

aerbax

full member

Activity: 201

Merit: 100

Today's dev meeting highlights:

https://hellomonero.com/article/monero-dev-meeting-note-highlights-2016-11-13

Apologies for the late post, as I was out with the family for a day trip.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: kurious on November 13, 2016, 05:25:48 PM

Polo buy side up to 4000 BTC and sell side is sub 300K XMR....

Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.

TA freaks welcome to comment, of course. I am wondering what it means.

I'm more and more convinced this is not a genuine reversal but the result of a conflagration of external events (BTC weakening, funds returning from ZEC etc) that are helping market manipulators execute a long term bull trap. It reminds me of the BTC "rally" to 600 in April 2014. Technically I don't think we reached capitulation and need to retest a low on high volume.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: Hueristic on November 13, 2016, 08:11:07 PM

Quote from: kurious on November 13, 2016, 05:25:48 PM

Polo buy side up to 4000 BTC and sell side is sub 300K XMR....

Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.

TA freaks welcome to comment, of course. I am wondering what it means.

Less weak hands.

~~Less~~ Fewer weak hands. Tongue

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: kurious on November 13, 2016, 05:25:48 PM

Polo buy side up to 4000 BTC and sell side is sub 300K XMR....

Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.

TA freaks welcome to comment, of course. I am wondering what it means.

Less weak hands.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: moneyLooser on November 13, 2016, 05:20:25 PM

*yawn* you dont have anything new? Always the same chatter of sock puppets. I already said I'm adolf, N-rG, PID, aminorex...i just decided to agree to be BitcoinTalkMagazin too and everyone else you don't like because he is not a zcash fanboy

I love XMR and i don't care what you TC zcash fanboy sock puppets are talking

go and buy zcash! As you said XMR is only for drug addicts and nishes. Leave this thread so that we can continue to talk in peace here.

No one would confuse you with Aminorex, don't worry mein Freund.

LennyCarl

full member

Activity: 176

Merit: 108

Well I've been buying a few lately to get the price to drop so I can buy more. (I'm tricking myself!) Maybe that's why it hasn't taken off Tongue

kurious

legendary

Activity: 2604

Merit: 1748

Polo buy side up to 4000 BTC and sell side is sub 300K XMR....

Unusual. It looks bullish, but volume dropping and it doesn't look like a solid breakout. Yet.

TA freaks welcome to comment, of course. I am wondering what it means.

moneyLooser

newbie

Activity: 46

Merit: 0

*yawn* you dont have anything new? Always the same chatter of sock puppets. I already said I'm adolf, N-rG, PID, aminorex...i just decided to agree to be BitcoinTalkMagazin too and everyone else you don't like because he is not a zcash fanboy

I love XMR and i don't care what you TC zcash fanboy sock puppets are talking

go and buy zcash! As you said XMR is only for drug addicts and nishes. Leave this thread so that we can continue to talk in peace here.

Febo

legendary

Activity: 2744

Merit: 1288

We've made great progress last couple of weeks. A lot of great contributions and inputs from new people. Great to see!
All critical issues i know of are fixed and we have a very good looking, working gui with all basic functionality in place.
I believe next step is building binaries to make it possible for more people to test it
<@fluffypony> ok
Since the 0.10 daemon isnt compatible with gui we also need to make sure we have a working monerod build to release with the gui.
<@fluffypony> we'll try couple that with a new 0.10 point release
sounds good
<@fluffypony> so it will take a couple of days to wrap up a point release too
ok. makes sense

vertp: me and ilya are more or less frozen for the moment. Tongue

as in agreed on that current version can be released as beta

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: obit33 on November 13, 2016, 02:11:46 PM

Quote from: Febo on November 13, 2016, 10:14:54 AM

Quote from: rpietila on November 13, 2016, 09:45:52 AM

I think it was Aminorex who suggested that out of the "cryptocurrency allocation", it makes sense to buy

* 50% of $100 bills
* 50% of XMR.

Instead of the 90% BTC / 10% XMR that you are suggesting.

http://www.bbc.com/news/business-37906742

I am not sure if $100 bills are wise choice. maybe 25¢ coins

@moneyLooser

you have fraud reputation here.

I am surprised no one gave him red reputation for frauding screens from dark markets.

Yep, and if I recall correctly theKoziTwo paid him and his alter ego N-RG (theKoziTwo donated money to something) to stay away from here, and now he's back again... sucks...

You recall correctly, N-rg sock puppet / alias. But this person is not the sort to agree a deal, take the money and honour it.

obit33

sr. member

Activity: 514

Merit: 258

Quote from: Febo on November 13, 2016, 10:14:54 AM

Quote from: rpietila on November 13, 2016, 09:45:52 AM

I think it was Aminorex who suggested that out of the "cryptocurrency allocation", it makes sense to buy

* 50% of $100 bills
* 50% of XMR.

Instead of the 90% BTC / 10% XMR that you are suggesting.

http://www.bbc.com/news/business-37906742

I am not sure if $100 bills are wise choice. maybe 25¢ coins

@moneyLooser

you have fraud reputation here.

I am surprised no one gave him red reputation for frauding screens from dark markets.

Yep, and if I recall correctly theKoziTwo paid him and his alter ego N-RG (theKoziTwo donated money to something) to stay away from here, and now he's back again... sucks...

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Dev meeting in approximately 2.5 hours (18:00 UTC). Dev meeting will be held at #monero-dev on freenode

https://www.reddit.com/r/Monero/comments/5cqf57/dev_meeting_in_approximately_25_hours_1800_utc/

Kovri (I2P) dev meeting in approximately 3.5 hours (19:00 UTC). Meeting can be followed at #monero-dev on freenode

https://www.reddit.com/r/Monero/comments/5cqfa7/kovri_i2p_dev_meeting_in_approximately_35_hours/

pa

hero member

Activity: 528

Merit: 501

Quote from: rpietila on November 13, 2016, 09:45:52 AM

I think it was Aminorex who suggested that out of the "cryptocurrency allocation", it makes sense to buy

* 50% of $100 bills
* 50% of XMR.

Instead of the 90% BTC / 10% XMR that you are suggesting.

I am also factoring in the effect on our friendship if the volatility is too high for him to tolerate. The "no one ever got fired for recommending IBM" effect.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: rpietila on November 13, 2016, 09:45:52 AM

I think it was Aminorex who suggested that out of the "cryptocurrency allocation", it makes sense to buy

* 50% of $100 bills
* 50% of XMR.

Instead of the 90% BTC / 10% XMR that you are suggesting.

http://www.bbc.com/news/business-37906742

I am not sure if $100 bills are wise choice. maybe 25¢ coins

@moneyLooser

you have fraud reputation here.

I am surprised no one gave him red reputation for frauding screens from dark markets.

moneyLooser

newbie

Activity: 46

Merit: 0

Quote from: TrueCryptonaire on October 30, 2016, 01:03:31 AM

I think it is prudent to waite to which level Zcash will settle and then buy some. I am pretty confident it will be valuable as well - it might even gain official currency status somewhere. The stength of Zcash is its community. Only the super pumped price prevents me from buying some.

For Monero, it is a currency for everyday people and probably chosen by drug dealers and drug addicts. Monero is a decent currency but I am afraid the Zcash has done things better. No, tech is not the most important thing and as we can see from the current system, Zcash type of solution with the brightest minds probably in the world + supposedly a lot of money backing is a way to success, but as I said, personally I would waite until the price settles somewhere and not to go all in. Buying just some in case of it will overtake Monero.

Somebody asked about the GUI, it will probably not be released any time soon (might be that the developers need to rebuy before the release).

Quote from: TrueCryptonaire on October 31, 2016, 03:39:56 PM

Quote from: Luxo on October 30, 2016, 09:27:39 PM

Quote from: wpalczynski on October 30, 2016, 09:23:49 PM

He has been flip flopping back an forth talking his book ever since he joined this thread, he was way more obnoxious in the beginning switching sentiment very often.

I see. As I am new since a few months ago I truly believed he was 100% for Monero. I was baffled at his latest post to be honest haha.

I am not 100 % for Monero.. I have been repeating it over and over again.
I have relatively diversified portfolio in general, not even close 100 % in XMR and as I have said it earlier it is stupid to invest in one asset class (unless you are a gambler and love taking risk even if you lose).
I think the future of Monero is still good with or without official GUI. The webwallet is decent and easy enough to use + you do not need to download anything to your desktop.

I am not flip flopping and I do not recommend to sell on the bottom, some of my bids are still untouched and most likely the majority will not be taken because that requires quite extreme volatility.

That being said, I have told long long time ago that I am interested in Z-cash and I see their strengths. I think Monero serves a niche (junkies, criminals and other DNM clients and vendors + enthusiasts).
Z-cash most likely might be the choice for official currency like fiat is nowdays.
I think both Monero and Z-cash can coexists and I am considering investing a small amount of money (1-2 btc) into it in case it will become great.
The problem is the Zcash is waaaay over valued and I think the realist price for me to get in is around the same I got into XMR (0.00255 which is the break even price I have bought my Moneros).

Quote from: TrueCryptonaire on October 29, 2016, 11:05:19 AM

So guys do you think it is smart to diversify some bitcoins also to Zcash when the inflation start hitting?

Personally I am a little interested in this because I find it a good investment if I can get it for fair price. Why I think it is good investment? The reason: it has probably the brightest minds in the world in its team (in case Mossad is involved). Also as there are involvement of Jews so money should not be the problem.. Cheesy

You have zero reputation here TC.

Topic: [XMR] Monero Speculation - page 940. (Read 3314350 times)