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coinism
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September 08, 2016, 05:57:24 PM |
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Looks like the floor is about 11.5-12 usd now it seems. it's holding pretty well, despite a few down but also up swings. especially astonished how well XMR has kept it's cool despite the BTC rally.
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mambamanagement
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Activity: 108
Merit: 10
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September 08, 2016, 06:07:09 PM |
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Looks like the floor is about 11.5-12 usd now it seems. it's holding pretty well, despite a few down but also up swings. especially astonished how well XMR has kept it's cool despite the BTC rally.
I'm always amazed how quickly things become the new normal in this new age are the markets in the process of pricing xmr>btc? who knows, time is the ultimate truth teller (seems crazy but i wouldn't be shocked if it happens in 2018) |
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aminorex
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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September 08, 2016, 06:26:27 PM |
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If I am not mistaken Monero represents quite large portion of the trading of btc in coinmarketcap.
About 20% right now. I've seen closer to 50% when it was running hot. I think a significant share of the BTC being bought is being spent on XMR, or will be over the weekend up-coming. When it breaks through 0200 again, I expect a jump, possible squeeze. Shorts need to defend 0200 with vigor, or they are rekt. Bid side 8300 BTC now, asks down to 300k. EPIC. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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alphahacktivist
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September 08, 2016, 06:34:13 PM |
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If I am not mistaken Monero represents quite large portion of the trading of btc in coinmarketcap.
About 20% right now. I've seen closer to 50% when it was running hot. I think a significant share of the BTC being bought is being spent on XMR, or will be over the weekend up-coming. When it breaks through 0200 again, I expect a jump, possible squeeze. Shorts need to defend 0200 with vigor, or they are rekt. Bid side 8300 BTC now, asks down to 300k. EPIC. the near 9k xmr guy is not moving out of his position though. he is all but recouping on more xmr grabbing everything he can while he still can. imho 1/3 of the btc bought during the day will be spent on xmr tomorrow. but again thats just my opinion. i can be wrong... very wrong |
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Anon136
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Activity: 1722
Merit: 1217
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September 08, 2016, 06:35:25 PM |
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Chart starting to show some hints of maybe starting to turn.
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Rep Thread: https://asktom.cf/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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neilol-real
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September 08, 2016, 06:46:48 PM |
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Chart starting to show some hints of maybe starting to turn.
Bids continuing to build...broke and held above the down channel on the 1h... on low(ish) volume Seems like deja-vu...oh wait  Perhaps I'm just fishing. Bids building...volume flattening...deja vu? Feels familiar Not sure why I cant figure out [img] syntax.. http://imgur.com/a/C4zaY |
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aminorex
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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September 08, 2016, 06:47:24 PM
Last edit: September 08, 2016, 07:11:01 PM by aminorex |
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Chart starting to show some hints of maybe starting to turn.
Yeah, I expect one last desperate slam-down, with suppressive fire, as shorts attempt to cover before the weekend jam session. Seems like deja-vu...oh wait
The sabbatarian wedge. It is awesome. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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September 08, 2016, 07:35:56 PM |
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If I am not mistaken Monero represents quite large portion of the trading of btc in coinmarketcap.
About 20% right now. I've seen closer to 50% when it was running hot. I think a significant share of the BTC being bought is being spent on XMR, or will be over the weekend up-coming. When it breaks through 0200 again, I expect a jump, possible squeeze. Shorts need to defend 0200 with vigor, or they are rekt. Bid side 8300 BTC now, asks down to 300k. EPIC. the near 9k xmr guy is not moving out of his position though. he is all but recouping on more xmr grabbing everything he can while he still can. imho 1/3 of the btc bought during the day will be spent on xmr tomorrow. but again thats just my opinion. i can be wrong... very wrong I agree. Cash is probably the best alternative when it comes to privacy of wealth. However, Monero is probably the second best. The advantage over cash with XMR is the fact that XMR is digital and the storage is not that big problem with XMR than with cash. Therefore I actually see the current btc rally being triggered by XMR. The rally of btc in the beginning of the year was triggered by ETC (former ETH). I think alts are representing quite large portion of the demand of BTC and if there is some alt that has some purpose (like ETC or XMR) and it starts to take off, then there will be FOMO combined with the real use. However, it is funny how little I feel FOMO (despite I am nibbling) with XMR and I have the gut feeling people here are so used to high expectations that they do not bother to become euphoric when XMR is merely sub 100 usd still... I think even 100 usd will not create euphoria anymore... Personally I have no strict plan to sell XMR, probably not thinking to sell even because I would need the purpose for such cash and anyway I will regret it later when XMR flies even higher. Wow, 8300 in bids is serious, probably those btc that have been acquired during the current BTC rally (at least partially)? |
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rpietila
Donator
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Activity: 1722
Merit: 1037
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September 08, 2016, 07:47:21 PM |
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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TrueCryptonaire
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Activity: 1092
Merit: 1000
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September 08, 2016, 08:22:56 PM |
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OVER 10 K BTC in bids....  I hope the number stays like this. |
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coinism
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September 08, 2016, 08:27:09 PM |
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the situation explained  |
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explorer
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Activity: 2016
Merit: 1259
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September 08, 2016, 09:40:02 PM |
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OVER 10 K BTC in bids.... I hope the number stays like this. I had to work a few hours this morning. I came back to note the 10K bid stack. At first my stomach dropped to the floor. My sleep deprived brain short circuited it to 1000, as 10000 is outside it's experience. If this keeps up, I'm going to stop working. Its a serious drain on my time! |
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DaveyJones
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September 08, 2016, 10:06:30 PM |
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OVER 10 K BTC in bids.... I hope the number stays like this. I had to work a few hours this morning. I came back to note the 10K bid stack. At first my stomach dropped to the floor. My sleep deprived brain short circuited it to 1000, as 10000 is outside it's experience. If this keeps up, I'm going to stop working. Its a serious drain on my time! I hear you... working is basically doing the things needed to do, and watching the tickers  |
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explorer
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Activity: 2016
Merit: 1259
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September 08, 2016, 10:18:11 PM |
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That loan book Collecting 2% while waiting for the pop is... Nice. Looks like there's a couple hundred thousand in shorts to cover... |
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DaveyJones
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September 08, 2016, 10:20:32 PM |
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That load book Collecting 2% while waiting for the pop is... Nice. Looks like there's a couple hundred thousand in shorts to cover... The explosion will be heard everywhere, btw look your pms |
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owlcatz
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September 08, 2016, 10:33:59 PM |
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It's like friday night came early on polo. |
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explorer
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Activity: 2016
Merit: 1259
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September 08, 2016, 10:44:40 PM |
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It's like friday night came early on polo. It appears that not everyone has the patience to wait for the weekend. I'm waiting (patiently?) for a last try dump. Will it come, and how deep will it cut? |
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Anon136
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September 08, 2016, 10:47:23 PM |
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It's like friday night came early on polo. It appears that not everyone has the patience to wait for the weekend. I'm waiting (patiently?) for a last try dump. Will it come, and how deep will it cut? Not me. I'm more scared of missing an up swing than a down. |
Rep Thread: https://asktom.cf/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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nioc
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Merit: 1008
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September 08, 2016, 10:59:37 PM |
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I have a small amount of btc that should arrive tomorrow and is earmarked for Monero. Can't wait to buy at my highest price yet.   |
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owlcatz
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Activity: 4200
Merit: 2030
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September 08, 2016, 11:05:12 PM |
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I have a small amount of btc that should arrive tomorrow and is earmarked for Monero. Can't wait to buy at my highest price yet. LOL.. I hear ya there, I am considering liquidating all my physical items for sale at a bargain just to get more XMR. It's like a fever.. more cowbell! |
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