Author

Topic: [XMR] Monero Speculation - page 942. (Read 3314350 times)

legendary
Activity: 2744
Merit: 1288
November 12, 2016, 08:39:51 PM
I just watch this nice movie https://www.youtube.com/watch?v=-n5azwzhwiA
sr. member
Activity: 327
Merit: 252
November 12, 2016, 07:45:04 PM
Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.

Yes, there is a reason why I'm still in the game, despite losing 700,000+ XMR in hacks, probably the biggest loss ever.

Can you explain? I'm sure we'd all be very interested.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
November 12, 2016, 07:35:13 PM

You can just hodl but that's pretty boring sitting on a stack of coins waiting for the value to appreciate ...


That is why I practice hodling + drinking!

I have half of that down!
sr. member
Activity: 248
Merit: 250
November 12, 2016, 06:19:49 PM

You can just hodl but that's pretty boring sitting on a stack of coins waiting for the value to appreciate ...


That is why I practice hodling + drinking!
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
November 12, 2016, 05:56:51 PM
Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.

Yes, there is a reason why I'm still in the game, despite losing 700,000+ XMR in hacks, probably the biggest loss ever.

That's a considerable sum to lose , have you found out how it happened?

Sorry for the lose, I lost 1000+ bitcoins once myself in the early days

Can this be tied to any of the bigger sell offs or extended down markets?  Time frame?

I have friends who have probably lost even more, I had a pile of btc in UK exchange that scammed everyone years before gox..

Luckily they were pretty cheap back then so it was still possible to buy more, more recently I lost a pile when Bitfinex stole them...

The benefits still outweigh the losses overall  but it's near impossible to trade without exposure to some level of risk...

You can just hodl but that's pretty boring sitting on a stack of coins waiting for the value to appreciate ...
legendary
Activity: 2016
Merit: 1259
November 12, 2016, 05:38:35 PM
Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.

Yes, there is a reason why I'm still in the game, despite losing 700,000+ XMR in hacks, probably the biggest loss ever.

That's a considerable sum to lose , have you found out how it happened?

Sorry for the lose, I lost 1000+ bitcoins once myself in the early days

Can this be tied to any of the bigger sell offs or extended down markets?  Time frame?
sr. member
Activity: 248
Merit: 250
November 12, 2016, 05:24:54 PM
Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.

Yes, there is a reason why I'm still in the game, despite losing 700,000+ XMR in hacks, probably the biggest loss ever.

That is devastating, my condolences.

Do you mind sharing whether it was held at Poloniex, your webwallet, regular wallet or cold storage?

Or perhaps hacking in this case is like the goldbugs and their boating accidents...
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
November 12, 2016, 04:25:54 PM
Nice suppression right here.

Code:
0.01060000 3732.45733234 39.56404772 48.35974511

Anyone that can't see through that deserves to lose.

And poof it's gone.

Fuck you whoever put it there, suck mine.
donator
Activity: 1722
Merit: 1036
November 12, 2016, 04:23:57 PM
Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.

Yes, there is a reason why I'm still in the game, despite losing 700,000+ XMR in hacks, probably the biggest loss ever.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
November 12, 2016, 04:21:42 PM
Nice suppression right here.

Code:
0.01060000 3732.45733234 39.56404772 48.35974511

Anyone that can't see through that deserves to lose.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
November 12, 2016, 04:17:19 PM
...
Monero is a better version of bitcoin.... I think the current price will be considered very cheap as we look back in hindsight on this time....
Yes this is very much the case. Monero does essentially the same thing as Bitcoin, in providing for digital funds transfer with no third party intermediaries, while addressing the two major shortcomings of Bitcoin, namely:
1) Scaling while maintaining security of the POW, with no arbitrary limits on the number of on chain transactions per second.
2) Fungibility, privacy and anonymity, with no fungibility destroying analytics attacks on the blockchain.
legendary
Activity: 1092
Merit: 1000
November 12, 2016, 04:06:33 PM
Really bullish right now. Shorts are getting eaten up. Funny whenever I post bullish there is a dump. Lol

But it always reverses shortly. Someone dumped into themselves. There is serious accumulation going on right now.

This thread does change the short term trading.

Yup, I am lending like crazy now and luckily get hefty interest on the loans. I hope the rates will stay like this.
newbie
Activity: 46
Merit: 0
November 12, 2016, 04:06:07 PM
I believe there is no right time to buy as the price will certainly spike up by a lot when the official beta GUI comes out, which is probably near but unknown yet.

Waiting and buying when it is low (I'd say around 0.007) is a risk that you take by hoping that the GUI does not release this month in my opinion.

Also take into consideration of the Jaxx wallet that should release around the 21th of November.
legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
November 12, 2016, 03:59:28 PM
Really bullish right now.

Monero is a better version of bitcoin.... I think the current price will be considered very cheap as we look back in hindsight on this time....
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
November 12, 2016, 03:57:03 PM
Really bullish right now. Shorts are getting eaten up. Funny whenever I post bullish there is a dump. Lol

But it always reverses shortly. Someone dumped into themselves. There is serious accumulation going on right now.

This thread does change the short term trading.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
November 12, 2016, 03:19:22 PM
...
In the hypothetical scenario that I was all out of my core position,

I'd DCA in this price level over a long 4-week timeframe, and if during this, it breaks up to 0.012 or so, go all in.

If it would go down, I'd go all in perhaps in 0.0065 which is still better than buying all back at 0.01.

If it goes to 0.004 which is still completely possible given how many months we have left, then margin long.

Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.
donator
Activity: 1722
Merit: 1036
November 12, 2016, 02:58:50 PM
This is coming down to: At what point does one confirm the upward breakout from the exponential downtrend line going back to the ATH?

In the hypothetical scenario that I was all out of my core position,

I'd DCA in this price level over a long 4-week timeframe, and if during this, it breaks up to 0.012 or so, go all in.

If it would go down, I'd go all in perhaps in 0.0065 which is still better than buying all back at 0.01.

If it goes to 0.004 which is still completely possible given how many months we have left, then margin long.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
November 12, 2016, 02:47:54 PM
It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.

If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).

I don't usually consider shorting XMR but this is one of the rare occasions.

Shorting when we just broke out of the exponential downtrend of 2 months seems a bit unwise. In addition, the daily MACD flipped to green.



Which, if I may add, translates to the trading advice to refrain from buying now, in hopes of a further crash with plenty more coinz for a BTC...

Bail in at 0.012.

This is coming down to: At what point does one confirm the upward breakout from the exponential downtrend line going back to the ATH?
donator
Activity: 1722
Merit: 1036
November 12, 2016, 02:06:57 PM
Which, if I may add, translates to the trading advice to refrain from buying now, in hopes of a further crash with plenty more coinz for a BTC...

Bail in at 0.012.
donator
Activity: 1722
Merit: 1036
November 12, 2016, 02:05:44 PM
I don't think it is doing that but the overwhelming probability right now points to about sticky at 0.01.
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