[XMR] Monero Speculation - page 966.

phoenix rises

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Quote from: nioc on October 25, 2016, 12:49:54 PM

Quote from: phoenix rises on October 25, 2016, 12:17:21 PM

Very unsurprised to see someone giving it a whack ahead of ZCash release. That was pretty predictable - the story has been building to this crescendo. Interesting to see how much follow through there is though with the ZCash futures priced so high ...
Bear trap ??

most alts are getting whacked. It's not zcash, it's the previously mentioned elephant. elephant up 5% small animals down 20%, so goes the see saw

Send in the mice ...

nioc

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Quote from: phoenix rises on October 25, 2016, 12:17:21 PM

Very unsurprised to see someone giving it a whack ahead of ZCash release. That was pretty predictable - the story has been building to this crescendo. Interesting to see how much follow through there is though with the ZCash futures priced so high ...
Bear trap ??

most alts are getting whacked. It's not zcash, it's the previously mentioned elephant. elephant up 5% small animals down 20%, so goes the see saw

wpalczynski

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Quote from: Hueristic on October 25, 2016, 12:44:48 PM

Quote from: wpalczynski on October 25, 2016, 11:31:04 AM

Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move. And the ZCash hype is just ridiculous, any discerning mind that makes a rudimentary effort to investigate it will quickly see how flawed it is yet here we are, its trading at 0.25 BTC. WTF is wrong with crypto people.

Greed trumps rational thought with a large portion of humanity, thats why the world is where it is.

Yup. World is in a pretty horrible state all around.

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: wpalczynski on October 25, 2016, 11:31:04 AM

Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move. And the ZCash hype is just ridiculous, any discerning mind that makes a rudimentary effort to investigate it will quickly see how flawed it is yet here we are, its trading at 0.25 BTC. WTF is wrong with crypto people.

Greed trumps rational thought with a large portion of humanity, thats why the world is where it is.

CoinCidental

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Si vis pacem, para bellum

Quote from: wpalczynski on October 25, 2016, 12:10:50 PM

Quote from: kurious on October 25, 2016, 12:05:30 PM

Except this: When people see the rise and feel it's time to realise profit - oversold Alts will look tasty... And the best alts will leap up. Fast...

My thoughts exactly. And I think when that time finally comes although it might not be anytime soon, Monero will be one of the better performing ones because of its technical attributes. I mean what else is there? ETH is a complete farce.

Exactly!

novag

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novag

I believe that now is a very good moment to show his independence from Bitcoin.

If the price goes up, it will prove a feature of this coin and show that Monero can compete with Bitcoin.

wpalczynski

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Quote from: KeyJockey on October 25, 2016, 12:19:39 PM

Quote from: wpalczynski on October 25, 2016, 11:57:52 AM

I think if the next bitcoin ascent takes place as many people are expecting all alts will take a massive dump regardless of their technical superiority, the better ones, Monero included IMO, will eventually make really nice gains but I think at the onset of the next BTC bubble it will be a bloodbath for alts.

So to me that'd mean as your BTC stash is going up, it'd be correct to re-balance some percentage of that gain into more XMR stash (i.e. as the XMR is "dying" it's just 'cheap coinz!')... correct?

That may look in the short term like throwing good money after bad, but IF -- as most believe around here -- there's definitely a role for XMR to play in the future, over and above what BTC alone is capable of, then long-term that'd be the most profitable approach, yes? Or is that too much 'gambling' and not really 'investing' here? LOL

The only question is at what price point.

KeyJockey

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Quote from: wpalczynski on October 25, 2016, 11:57:52 AM

I think if the next bitcoin ascent takes place as many people are expecting all alts will take a massive dump regardless of their technical superiority, the better ones, Monero included IMO, will eventually make really nice gains but I think at the onset of the next BTC bubble it will be a bloodbath for alts.

So to me that'd mean as your BTC stash is going up, it'd be correct to re-balance some percentage of that gain into more XMR stash (i.e. as the XMR is "dying" it's just 'cheap coinz!')... correct?

That may look in the short term like throwing good money after bad, but IF -- as most believe around here -- there's definitely a role for XMR to play in the future, over and above what BTC alone is capable of, then long-term that'd be the most profitable approach, yes? Or is that too much 'gambling' and not really 'investing' here? LOL

phoenix rises

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Very unsurprised to see someone giving it a whack ahead of ZCash release. That was pretty predictable - the story has been building to this crescendo. Interesting to see how much follow through there is though with the ZCash futures priced so high ...
Bear trap ??

elrippo

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Quote from: wpalczynski on October 25, 2016, 11:31:04 AM

Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move. And the ZCash hype is just ridiculous, any discerning mind that makes a rudimentary effort to investigate it will quickly see how flawed it is yet here we are, its trading at 0.25 BTC. WTF is wrong with crypto people.

Well, every time the shorters step in the rise is shortly ahead Grin

wpalczynski

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Quote from: kurious on October 25, 2016, 12:05:30 PM

Except this: When people see the rise and feel it's time to realise profit - oversold Alts will look tasty... And the best alts will leap up. Fast...

My thoughts exactly. And I think when that time finally comes although it might not be anytime soon, Monero will be one of the better performing ones because of its technical attributes. I mean what else is there? ETH is a complete farce.

kurious

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Quote from: wpalczynski on October 25, 2016, 11:57:52 AM

Quote from: CTTE on October 25, 2016, 11:48:55 AM

Quote from: wpalczynski on October 25, 2016, 11:31:04 AM

Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move.

I think we have to remember that Monero shouldn't be negatively linked to the rise of Bitcoin since it is basically a better "bitcoin" than Bitcoin! And it's purpose is to take over the role of BTC in many of the places where BTC fails due to lack of fungibility, privacy, etc... So, when the price of BTC goes up against fiat, if we as a whole, have our heads on straight... we should view Monero as increasing in value against fiat as well. And I say that, knowing that we have very few options for directly trading fiat for Monero.

Does that make sense?

I think if the next bitcoin ascent takes place as many people are expecting all alts will take a massive dump regardless of their technical superiority, the better ones, Monero included IMO, will eventually make really nice gains but I think at the onset of the next BTC bubble it will be a bloodbath for alts.

Yes and Polo will not help - there is not really a fiat component there, it's a binary choice: hold a rising BTC, or the falling alts? It's not a choice I could argue against....

Except this: When people see the rise and feel it's time to realise profit - oversold Alts will look tasty... And the best alts will leap up. Fast...

Luxo

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I truly wonder what will be the bottom. I personally think that it will slowly go down until the GUI comes out from which it will go up from there, be it fast or slow. People are probably selling right now because of BTC going up, upcoming Zcash and losing faith on the GUI releasing Soon^TM.

There is still the possibility of Monero completely failing but I have invested what I was ready to lose since the beginning. I consider my money gone since I invested in Monero.

I try to keep buying what I think is the lowest point so I bought some at 0.01 and some at 0.009 but am not sure how low it will get. Almost have no more money to buy haha.

However, I am very optimistic in the future of monero as recently a new guy (Jaqueee) is and could be working on the GUI long term (which will have many other useful features such as paying a btc address from the Monero GUI, making the GUI portable to phones, etc...). There is also the fact that anonimal has been funded to work on the KOVRI project full time. Seeing people getting more and more involved on the development of monero is only a good sign to me.

Only time will tell.

wpalczynski

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Quote from: kurious on October 25, 2016, 11:58:56 AM

A little irrational exuberance for the new shiny thing....?

Plus ça change

A little? LOL people have lost their fucking mind. It's not even released yet and its already at 5x the ATH of any other altcoin that I can remember.

kurious

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Quote from: wpalczynski on October 25, 2016, 11:31:04 AM

Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move. And the ZCash hype is just ridiculous, any discerning mind that makes a rudimentary effort to investigate it will quickly see how flawed it is yet here we are, its trading at 0.25 BTC. WTF is wrong with crypto people.

You're probably right - I can't see another run until Spring and with BTC awaking and looking bullish, it'll be rough for months.

As for zcash - a quarter of a BTC a pop? I don't margin play, but I am sure there those braver than me who will make money shorting the hell out of it.

A price so high could be good news for XMR, it looks like a car crash waiting to happen.

A little irrational exuberance for the new shiny thing....?

Plus ça change

wpalczynski

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Activity: 1456

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Quote from: CTTE on October 25, 2016, 11:48:55 AM

Quote from: wpalczynski on October 25, 2016, 11:31:04 AM

Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move.

I think we have to remember that Monero shouldn't be negatively linked to the rise of Bitcoin since it is basically a better "bitcoin" than Bitcoin! And it's purpose is to take over the role of BTC in many of the places where BTC fails due to lack of fungibility, privacy, etc... So, when the price of BTC goes up against fiat, if we as a whole, have our heads on straight... we should view Monero as increasing in value against fiat as well. And I say that, knowing that we have very few options for directly trading fiat for Monero.

Does that make sense?

I think if the next bitcoin ascent takes place as many people are expecting all alts will take a massive dump regardless of their technical superiority, the better ones, Monero included IMO, will eventually make really nice gains but I think at the onset of the next BTC bubble it will be a bloodbath for alts.

megges

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Activity: 371

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Quote from: CTTE on October 25, 2016, 11:48:55 AM

Quote from: wpalczynski on October 25, 2016, 11:31:04 AM

Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move.

I think we have to remember that Monero shouldn't be negatively linked to the rise of Bitcoin since it is basically a better "bitcoin" than Bitcoin! And it's purpose is to take over the role of BTC in many of the places where BTC fails due to lack of fungibility, privacy, etc... So, when the price of BTC goes up against fiat, if we as a whole, have our heads on straight... we should view Monero as increasing in value against fiat as well. And I say that, knowing that we have very few options for directly trading fiat for Monero.

Does that make sense?

like it or not, but thats why dash is approaching as much fiat getways as they could get ... but in the end its still dominated by btc, as xmr is, too.

it would hard to change that, because most alt holders came trough btc and are sticking to it!

CTTE

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Quote from: wpalczynski on October 25, 2016, 11:31:04 AM

Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move.

I think we have to remember that Monero shouldn't be negatively linked to the rise of Bitcoin since it is basically a better "bitcoin" than Bitcoin! And it's purpose is to take over the role of BTC in many of the places where BTC fails due to lack of fungibility, privacy, etc... So, when the price of BTC goes up against fiat, if we as a whole, have our heads on straight... we should view Monero as increasing in value against fiat as well. And I say that, knowing that we have very few options for directly trading fiat for Monero.

Does that make sense?

BitcoinNewsMagazine

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200 MA on the daily chart is .062. I put my bids there and adjust as the MA changes.

wpalczynski

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Should be a bounce here but I would be surprised if this was a final capitulation especially with bitcoin just itching to move. And the ZCash hype is just ridiculous, any discerning mind that makes a rudimentary effort to investigate it will quickly see how flawed it is yet here we are, its trading at 0.25 BTC. WTF is wrong with crypto people.

Topic: [XMR] Monero Speculation - page 966. (Read 3314350 times)