Topic: [XMR] Monero Speculation - page 961. (Read 3314350 times)

Yes. I agree this has created the opportunity for bargain hunting on Poloniex. What is interesting the high volume at these prices, over 2000 XBT. This could actually set the state for a really brutal bear market in ZEC. The more crazy this becomes the more brutal the resulting bear market. In any case the bears have already feasted well with a drop from ~2500 XBT to around ~30 XBT.

This is actually creating a really unique situation.
Almost EVERY coin on Poloniex is down, some in the double digits.
This is a great time to scoop up some cheap coins while idiots are staring at the sun.

I posted this in the ZCash speculation thread. As for my rationale just take a look at XMR/XBT in 2014, in particular the the 0.01111 XBT high. It basically comes down to the combination of low initial supply and very high initial inflation. In this case the situation has been made far worse by the marketing campaign and anticipation created with the investor funds.

....and you paid off the only one who predict all of that correct...congratulations!
Does anyone here can tell me how deep XMR will fall? When to close my short?
Is at least PID still here? Or Adolf? Anyone?

It is happening right now live. And is crypto, so also relate to Monero. I am sure it will bring lots new people in crypto and altcoins. Same as Ethereum did.

Don't know why you mention that scam here, it's not worth it 

I totally get both points  
And I still think someone is trying to make a mockery of this launch intentionally  

EDIT: Volume not so low now TC, but price is definitely arbitrary. Traders doing what traders do ...
When the music stops it's gonna make XMR bagholding look like a walk in the park

Meanwhile, a Monero buyer has snuck back into the room ...

The problem with ZEC is there is very few coins and hardly nobody dumps, that's exactly what I would like to see also within Monero. The number of coins in exchange being almost 0 and a lot of eagerness to get some coins.
Bear in mind, the volumes are so low that the price is irrelevant.

50 BTC volume at price over 300 BTC.

you need to understand that today will be only 200 ZEC mined. with such interest from crypto peps, price will be high and fall over next months. Probably same as STEEM had and still have.

first trade on Polo was  .0001 ZEC @ 2500 BTC  
ROFLMAO!! Paying .25BTC just to totally fuck with the chart !!

Retarded is right, zcash futures reached something like 1.7 or 1.8 BTC per....

With the release of Zcash and the huge investment it will get from people who don't realize its a huge scheme cooked up by the Mossad or NSA or something,
I expect Monero to lose both volume and value for a bit.

Hopefully people wake up and realize that Zcash is seriously flawed and very likely nefarious,
and move back to Monero,
but people are fucking retarded.

Still accumulation going on, Is that you Risto? Need to get some back? .004 my Ass.

All doom and gloom here I'm going long.

Same here and I have to admit to selling some to divest in other coins. 

I'm holding for now too. I would like to accumulate a bit more at this price but have other targets which I have assessed as a higher priority, I hope I don't regret my prioritisation.

I purchased Monero when it was at higher price and I believe this current price setback is just temporary. I went on to invest it to online casinos like Crypto-Games and Safedice for decent returns while waiting for good news.

Is monero will be the next good altcoin in the market? and it could be at the second place? If the monero will be good in the next few months and if the price will be higer then there are chance the monero could take place into the second spot and it's really good to hold some monero.

It's a good thing Risto is a Christian - resurrection is part of his religion 
Buy XMR 3 days after you are certain it is dead ... I am circling 17 April 2017 as a likely candidate  

That pretty much depends on the whales if they want to crucify Monero until it is dead (and help it later to resurrect as well).
In the same manner as the fiat currencies are controlled by the centrla bank, Monero is controlled by the whales. If a whale (not to mention Cthulhu) wants the price to go down, the small fish basically cannot prevent it from not doing so.
I think that is also a weakness of the current state of Monero (and crypto in general). It is controlled by very small club who can and will manipulate the price to their favor.

In case a whale wants to dump, I have some bids on the way to the grave.

Although the short term price impact may be negative, the side effects of both these sideshows is free publicity for XMR. BTC rally is highlighting the block size issue again, and the ZCash launch is focussing the spotlight on privacy issues. BTC may rally hard from here, or not (not sure how far it is possible for it to go the mess that we just saw with tx delays keeps repeating ), but when the dust settles, hype dies down and smart people have raked over the ashes, XMR will almost certainly gain some new advocates.

As ArticMine said a few posts back :


XMR is already here, ready and waiting for people to wake up to it's benefits. Tons of media attention about privacy in crypto is great, and is sparking debate amongst a larger group of people. BTC's weaknesses are being exposed. The fact that we essentially now have a corporate 'Privacy Coin', whatever we may think of it, that is about to be listed on multiple exchanges, lends legitimacy to the concept and will make it harder for govs to take any actions against any single private coin. And XMR will without doubt get free publcity from it all, perhaps even in mainstream media if ZCash keeps the hype machine running (which it will), as it is a natural part of the conversation. This is all good news for the long game.

As for ZCash sucking money from XMR, not sure how that is even possible in the next few months as the coin supply will be so limited. It has to have some meaningful market cap and a decent number of coins in circulation before that can happen. Sure traders will trade it regardless, but the price will be pretty meaningless IMO and likely way above any sort of 'sensible' investment level.

Cool story about The Verger by the way! Thanks for that