[XMR] Monero Speculation

[Anon136]

They dumped all the way down to 0.013. Who would do that? And why? They could have sold for a much better price if they didnt do a massive market order dump.

[nanobrain]

Here comes the falling knife

There it is huh. Well lets see how high the low is

Not that low... had some bids in the low 12s....ah well.
I imagine some of the larger holders just increased their holdings significantly as the trollbox went into OMGdump-a-drive

They dumped all the way down to 0.013. Who would do that? And why? They could have sold for a much better price if they didnt do a massive market order dump.

I think it is more the herd...the trollbox is full of jittery pumpAnddumpers....more skittish than wild horses.

[explorer]

Here comes the falling knife

There it is huh. Well lets see how high the low is

Not that low... had some bids in the low 12s....ah well.
I imagine some of the larger holders just increased their holdings significantly as the trollbox went into OMGdump-a-drive

And it brought on the 100k btc 24h volume.  wow

Let the stuffing out of the bid wall for sure.  Watching it reflate never ceases to amaze me.

[tifozi]

They dumped all the way down to 0.013. Who would do that? And why? They could have sold for a much better price if they didnt do a massive market order dump.

Addiction.

Like was previously mentioned, most lose their money playing this game. The rest of them are in this thread happily watching the action.

[Anon136]

Here comes the falling knife

There it is huh. Well lets see how high the low is

Not that low... had some bids in the low 12s....ah well.
I imagine some of the larger holders just increased their holdings significantly as the trollbox went into OMGdump-a-drive

And it brought on the 100k btc 24h volume.  wow

haha sick

[cAPSLOCK]

Bought some at  137.  Let's see how bad my hands will bleed. 😁

[Dotto]

There´s like 60 to 120k shorts that have to cover. This is rebounding fast

[CTTE]

Bought some at  137.  Let's see how bad my hands will bleed. 😁

I managed to sell some that I had on margin for 186 and buy some back again for 133 and 142!  Sometimes it's better to be lucky than good I guess!

[cAPSLOCK]

Bought some at  137.  Let's see how bad my hands will bleed. 😁

I managed to sell some that I had on margin for 186 and buy some back again for 133 and 142!  Sometimes it's better to be lucky than good I guess!

Currently not sure I was lucky. I put the bids in today but did not expect to fill them so violently.  Anyone have a bandaid?

[CTTE]

Bought some at  137.  Let's see how bad my hands will bleed. 😁

I managed to sell some that I had on margin for 186 and buy some back again for 133 and 142!  Sometimes it's better to be lucky than good I guess!

Currently not sure I was lucky. I put the bids in today but did not expect to fill them so violently.  Anyone have a bandaid?

Yeah, I'm feeling a bit of Whiplash from that one!  It happened really quickly... I'm not sure whoever did that had to dump so deep at market to sell his bag, I think he left a bunch on the table there.

[aminorex]

Pattern hasn't really broken yet.  If it continues, we'll see a new ATH in about 12 hours.

[megadeth]

Aminorex when do we get a breather?

[CTTE]

Pattern hasn't really broken yet.  If it continues, we'll see a new ATH in about 12 hours.

I believe that... it's only about 2400 btc to get to .02 and if you're doing 110K in one day, I think that's very possible.

[birr]

The poloniex order book screen on the mobile website apparently lags.
It shows bids higher than asks.
I'm using Chrome browser on an android tablet.
Refreshing brings the order book up to date.

[slapper]

XMR is being discussed in a lot of underground forums, plenty of them on clearnet but not indexed by google of course (don't ask). These type of places are profit takers mostly when it comes to altcoins and very knowledgeable in cryptos.  This time at least they sound like they are treating XMR differently and some of them have started providing services with XMR as a payment option besides BTC when there was no option besides BTC in the past. Techie forums of the bad kind so no GUI seems to have zero impact in these places.

[aminorex]

The 160btc sell wall at 016 is clear evidence of a big short protecting himself.  There's just no other reason to overwhelm a rising tide with a totem of fear.

That is bullish, of course, for the long-run (which is pretty darn short in this environment), since he has to cover, in competition with longs.  If he gets squeezed, and I think he will, it will almost certainly be a new ATH, and might be the top for a few weeks.

It doesn't make much sense to me that the Sept. 1 AB event would get sold a full 2 days ahead.  The ramp really should continue up until Tuesday night.  If the buyers keep pressuring the short, and the ask book is thin enough so that he can't cover, and he hangs on hopefully until Tuesday, we might surpass LTC mcap for a while during a squeeze.  Otherwise, I would be surprised (again) to do so.

[Furi Bliz]

I woke up and it's still at a 0.015 level  Was sure a dump would follow.  Now i'm wondering if i should start buying back moneros even the levels are this high.

Is this just a market frenzy or is there something behind that really back this level to be the "new normal"?

Rpietila/Wise Ones do you still concider 0.01 level to be a realistic dump level? Or is the dump that low anymore possible. Monero has broken pretty much every scenario that i know or am i just looking at this thing on a too short time-frame.

[Anon136]

I woke up and it's still at a 0.015 level  Was sure a dump would follow.  Now i'm wondering if i should start buying back moneros even the levels are this high.

Is this just a market frenzy or is there something behind that really back this level to be the "new normal"?

Rpietila/Wise Ones do you still concider 0.01 level to be a realistic dump level? Or is the dump that low anymore possible. Monero has broken pretty much every scenario that i know or am i just looking at this thing on a too short time-frame.

The dump already happened. ~0.013 was the low. Will it dump again who can know. But if you were looking for a dump it came and went.

[nanobrain]

or am i just looking at this thing on a too short time-frame.

This.  And look forwards as well as backwards.

As has been quoted here a lot recently, in 2011 BTC had its first break out and many of the early adopters cashed out "we'll never see prices as high as $32" they said, especially after it went back down to $5. 

The reason Risto esp mentions this a lot is because the circumstances for XMR are both similar and better than those in 2011; that's why most of the old lags here are not selling.

[Anon136]

or am i just looking at this thing on a too short time-frame.

This.  And look forwards as well as backwards.

As has been quoted here a lot recently, in 2011 BTC had its first break out and many of the early adopters cashed out "we'll never see prices as high as $32" they said, especially after it went back down to $5. 

The reason Risto esp mentions this a lot is because the circumstances for XMR are both similar and better than those in 2011; that's why most of the old lags here are not selling.

Check out the registration date on my profile. I watched it all. Sitting patiently.