[XMR] Monero Speculation

[elrippo]

Whelp. That just happened.

Shorts covering or a big ass market buy by???

130BTC buy wall at 0,0178

260BTC at 0,01799

[Anon136]

Whelp. That just happened.

Shorts covering or a big ass market buy by???

Someone trying to run the stops I bet . Look at the level he bought to.

[cAPSLOCK]

Whelp. That just happened.

Shorts covering or a big ass market buy by???

Someone trying to run the stops I bet . Look at the level he bought to.

No, you are right...  interesting. 

[Anon136]

Whelp. That just happened.

Shorts covering or a big ass market buy by???

Someone trying to run the stops I bet . Look at the level he bought to.

No, you are right...  interesting. 

If that is what it is he is a big long term player who is only interested in long term xmr maximizing.

[bitebits]

Monero is everything people thought bitcoin was 3 years ago. It's only a matter of time.
Though, I do believe there will still be a bubble(s) in bitcoin.

One should not forget that Bitcoin has multiple other use cases than merely payments. Store of value for example and a highly secure ledger for notary purposes.

Payments however are preferably done with Monero for obvious privacy reasons. It's digital cash for the internet, awesome.

[elrippo]

Buy orders just went up in a few hours buy +20%
Would not be surprised if we go up to 7500BTC+

Those shorts are getting destroyed right now 

[Azael]

My condolences to all the short sellers who still have a position open.

[elrippo]

If we manage to go above 0,019 i believe hell will break loose 

[infofront]

Well played, bullwhale. Well played.

[Anon136]

The whale is probably out of the market now. He did what he was going to do. Now this market is trading the effect that the whale had on sentiment. Its going to be interesting to see what if any effect he had on the less short term.

[binaryFate]

The whale is probably out of the market now. He did what he was going to do. Now this market is trading the effect that the whale had on sentiment. Its going to be interesting to see what if any effect he had on the less short term.

This ^
I'm quite surprised the bearwhale did not believe it would keep going below 0.016. He was bullish enough at this time to close. If even the bears are not bears, who will be?

[chennan]

I am thinking a Trump presidency could crash USD.  Either way, the next administration is going to go full-on fiscal stimulus, and USD is near its peak.  I like market-making in XMR because it is back and forth between BTC and XMR.  Another appealling trading venue is the Gold/Silver pair.  There is no taxable event until/unless you take out some USD, and you are always in PMs, worst case.  But for the moment, USD is where it is at.  As long as oil is crashing, PMs are going to have a huge drag.  I like shorting all the things right now (except XMR).  Also GBPJPY is a good bet.  I nibble whenever it dips under 130.

So are you pretty much saying take out a portion of your whole entire crypto portfolio and put it into PM's?  I think this is a pretty smart thing to do, but I would still ride out the rest of this year and hold XMR.  You're right though, if this were to happen it would be smart to keep it in either crypto or PM's to avoid dealing with Uncle Sam... But honestly though, I really don't think Trump will win; there seems to be an unavoidable manipulation in the election this year.  Who knows though, just the change from a somewhat like-able guy as president to either an old/ill witch or a short-fused oompa loompa will cause chaos in the markets regardless... remember, a lot of countries still don't like doing "business" with a woman anyways.

Back on point though, love reading your insights when I come check this speculation thread from time to time.  I still feel that if it does end up dipping to 160 again and possibly below it while remaining to have a strong support at 150 or 155 for the next couple weeks will be extremely bullish and will cause some people to start trusting the XMR market again... not to mention, DNM users will start to see that this isn't some elaborate "pump and dump" scheme.

[aminorex]

So are you pretty much saying take out a portion of your whole entire crypto portfolio and put it into PM's?  

I like cash-like things right now.  Crypto is good.  So are PMs.  It's just a good time to de-risk, and lever only very judiciously.  I see more upside asymmetry in XMR than in anything else, so I want the largest possible position, but I can't put everything in crypto. I can't even put all my crypto in XMR, due to marginal tail risk cases.  Equities, bonds, real estate, all seem very stretched.

[bobabouey2]

WTF just happened to bitcoin at bitfinex?  Interesting coincidence given the similar move in XMR...

[infofront]

Wedge/Pennant forming.

Green candles have been on higher volume, but we'll see which way it breaks soon enough.

[iCEBREAKER]

GUI speculation

[cAPSLOCK]

GUI speculation

Evidently the GUI is hiding in the woods in Winston Salem?

[nioc]

I just heard today that user interface is so yesterday and today it's user experience.  So forget about the GUI, we need a GUX.  How could the devs have missed this?

Please don't say I could do this myself as I have no skills unless you need janitorial help. 

As usual no price predictions from me.  No skills there either.  I just buy, hold and occasionally use.  My time frame is l o  n   g. .  .   .    .

[bobabouey2]

GUI speculation

Evidently the GUI is hiding in the woods in Winston Salem?

I thought we'd cancelled the GUI?

[Anon136]

GUI speculation

Evidently the GUI is hiding in the woods in Winston Salem?

I'm confused. Why Winston Salem?