[XMR] Monero Speculation

[Azael]

Thanks for pointing that out. The devs must be stupid not to have at least hundreds of thousands coins or more stored.

Most people sell after their investment or whatever is up several times what they bought for. There's a reason why people like Roger Ver became "famous" you know? Not many have the bravery to hold after a massive increase and generally speaking most of the time they'd be right not to.

"Smart" people like well known economists told everyone to sell Bitcoin after it were at a couple bucks, a hundred bucks, etc.. and with most other kind of investments they'd be right to advice selling after a massive increase.

[OrangeP]

Price at 0.0175, rough estimates Polo

57K XMR/1050BTC to 0.019, 96KXMR/1600BTC to 0.016

100K XMR/1900BTC to 0.02, 140K XMR/2200 BTC to 0.015.
I don't see XMR staying below 0.02 for long as soon as some volume arrives.

I'm wondering if there is any proven correlation between order books / market depth and future price development?

[Billy Bunter]

My dashing foreign friends who brave the English fora might benefit from some linguistic tips.

Those that believed in Monero at those most darkest times profited. They sold their houses eat only bread and water since they send all their salaries they got from 3 jobs where they worked so hard to Poloniex to buy Monero.  But with soem bad luck all might be fro nothing.

Some prefer to spell the word thus: "some".  This is a very vivid tale.  I somewhat resemble that remark.  Teacher gives you an "A" for bringing a tear to his eye.

You must be stupid not to have at least hundreds of thousands coins or more stored.

This would be a perfect use of the second-person plural, mostly unknown to the yankees, but beloved in some areas of the American Southeast:  "Y'all must be stupid not to have at least...."

Any deviations from the optimum can be corrected, by improving one's choices.

It's like attending school and getting investing tips! No wonder I spend too much time here.

[OrangeP]

Thanks for pointing that out. The devs must be stupid not to have at least hundreds of thousands coins or more stored.

Most people sell after their investment or whatever is up several times what they bought for. There's a reason why people like Roger Ver became "famous" you know? Not many have the bravery to hold after a massive increase and generally speaking most of the time they'd be right not to.

I simply cannot believe that super smart people like the Monero Devs did not take any chance of accumulating a good amount of coins themselves.
There is nothing wrong about that in my opinion.
They have/had the perfect circumstances to buy coins when they were cheap and also know the upside potential. (therefore not sellout everything)

If Monero continues to rise and one of the Devs missed out I'll gladly hook them up with some coins..

[bobmarley650]

Just bought some at 0.01764

[Azael]

Price at 0.0175, rough estimates Polo

57K XMR/1050BTC to 0.019, 96KXMR/1600BTC to 0.016

100K XMR/1900BTC to 0.02, 140K XMR/2200 BTC to 0.015.
I don't see XMR staying below 0.02 for long as soon as some volume arrives.

I'm wondering if there is any proven correlation between order books / market depth and future price development?

Depends how many in a specific market trade the books.

[N-rG]

I think monero will never reach 162 again that was the bottom of some panic sells. I guess its a good point to get in again (in case someone sold).... 0,02+ soon

[Azael]

Thanks for pointing that out. The devs must be stupid not to have at least hundreds of thousands coins or more stored.

Most people sell after their investment or whatever is up several times what they bought for. There's a reason why people like Roger Ver became "famous" you know? Not many have the bravery to hold after a massive increase and generally speaking most of the time they'd be right not to.

I simply cannot believe that super smart people like the Monero Devs did not take any chance of accumulating a good amount of coins themselves.
There is nothing wrong about that in my opinion.
They have/had the perfect circumstances to buy coins when they were cheap and also know the upside potential. (therefore not sellout everything)

If Monero continues to rise and one of the Devs missed out I'll gladly hook them up with some coins..

Seems likely that some Bitcoin core developers don't own that many Bitcoins either. I don't care if they do or don't.

One could argue that hoarding the coins yourself could have an negative impact on the development of the economy perhaps not even allowing it to grow. Sometimes less become more like with equity.

[alphahacktivist]

is polo down? i cant seem to be able to connect tried different browsers, different devices, different networks. none

[alphahacktivist]

is polo down? i cant seem to be able to connect tried different browsers, different devices, different networks. none

nevermind, its working now

[PlatoSWE]

hoarding or ''holders'' will create scarcity in the long run which in turn will drive up the price.

[TrueCryptonaire]

Thanks for pointing that out. The devs must be stupid not to have at least hundreds of thousands coins or more stored.

Most people sell after their investment or whatever is up several times what they bought for. There's a reason why people like Roger Ver became "famous" you know? Not many have the bravery to hold after a massive increase and generally speaking most of the time they'd be right not to.

I simply cannot believe that super smart people like the Monero Devs did not take any chance of accumulating a good amount of coins themselves.
There is nothing wrong about that in my opinion.
They have/had the perfect circumstances to buy coins when they were cheap and also know the upside potential. (therefore not sellout everything)

If Monero continues to rise and one of the Devs missed out I'll gladly hook them up with some coins..

Seems likely that some Bitcoin core developers don't own that many Bitcoins either. I don't care if they do or don't.

One could argue that hoarding the coins yourself could have an negative impact on the development of the economy perhaps not even allowing it to grow. Sometimes less become more like with equity.

That's bullshit. The incentives should be aligned.

I know the Keynesians have tried to brainwash you but hoarding is never bad for the economy. That's a retarded notion.

It is not that simple and one dimensional in my opinion.
It depends if the merchants are holding Monero or using it as a mere token.
If they hold Monero (or pay to their suppliers in Monero), it might be good for Monero economy to let the coins circulate.

For instance, if you sell me something for 2 Moneros which cost you 1 Monero and you are not dumping your 2 Moneros, you were creating value to the marketcap of Monero [I have to buy 2 Moneros (instead of 1) from the markets to get the good I bought from you].

[Dafar]

Not convinced that his is a return to the bullish uptrend


More like a bull trap before continuing downwards

Yup...


0.0168 right now though... can we reach 0.018 today? If we can I'm out, I'm more convinced of a BTC spike during the next month over a XMR spike so I don't feel safe holding XMR. Could probably buy back a lot more if I sit on BTC

Lets go morning bump! It's possible that BURST profits are finding its way to a good XMR entry point (~0.016). Dream marketplace following the other DNMs to accept XMR is also great news.. but nothing that should re-ignite a pump. Great news nonetheless, and for the record I get my coke and ecstasy from Dream so it's nice to have an option to pay with XMR now

Got out at 0.01860 and got back in at 0.01705 with more XMR.


I keep making the best calls ITT while everyone else is like.... "hurr durr hodl for 2 yrs and you'll be rich!" .... "monero is gunna replace bitcoin, derp!" 


I can't wait for the Monero ETF... I'm sure regulators will love how XMR is completely hidden and the currency of choice for DNMs. I mean it only took so long to get them on board with an open public ledger and convince them that btc isn't just internet drug money.



Although my sentiment is changing, I'm surprised at how well XMR is holding up above 0.016.... consolidation? Right now I don't know if it's gonna break up or down. Probably down because all the moon kids are convinced we are going up no matter what (usually when people get rekt). But I think it's worth being in at the risk of a short term dip. At the very least XMR has more utility over LTC and should eventually have a higher market cap.

[bitbitero]

I do believe that monero is going to be the next bitcoin.

[MooneroShill]

I keep making the best calls ITT while everyone else is like.... "hurr durr hodl for 2 yrs and you'll be rich!" .... "monero is gunna replace bitcoin, derp!"  

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

[TrueCryptonaire]

Not convinced that his is a return to the bullish uptrend


More like a bull trap before continuing downwards

Yup...


0.0168 right now though... can we reach 0.018 today? If we can I'm out, I'm more convinced of a BTC spike during the next month over a XMR spike so I don't feel safe holding XMR. Could probably buy back a lot more if I sit on BTC

Lets go morning bump! It's possible that BURST profits are finding its way to a good XMR entry point (~0.016). Dream marketplace following the other DNMs to accept XMR is also great news.. but nothing that should re-ignite a pump. Great news nonetheless, and for the record I get my coke and ecstasy from Dream so it's nice to have an option to pay with XMR now

Got out at 0.01860 and got back in at 0.01705 with more XMR.


I keep making the best calls ITT while everyone else is like.... "hurr durr hodl for 2 yrs and you'll be rich!" .... "monero is gunna replace bitcoin, derp!" 


I can't wait for the Monero ETF... I'm sure regulators will love how XMR is completely hidden and the currency of choice for DNMs. I mean it only took so long to get them on board with an open public ledger and convince them that btc isn't just internet drug money.



Although my sentiment is changing, I'm surprised at how well XMR is holding up above 0.016.... consolidation? Right now I don't know if it's gonna break up or down. Probably down because all the moon kids are convinced we are going up no matter what (usually when people get rekt). But I think it's worth being in at the risk of a short term dip. At the very least XMR has more utility over LTC and should eventually have a higher market cap.

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

[Dafar]

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

1. I'd be way too rich if that happens
2. I'm not making bearish posts

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm

[ol92]

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

1. I'd be way too rich if that happens
2. I'm not making bearish posts

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm

+1
As somewhat monero (quiet)  supporter almost from the begining, I really appreciate your posts here to temper the somewhat over-enthousiast tone.

[wachtwoord]

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

1. I'd be way too rich if that happens
2. I'm not making bearish posts

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm

+1
As somewhat monero (quiet)  supporter almost from the begining, I really appreciate your posts here to temper the somewhat over-enthousiast tone.

In the beginning of the thread I was being called out for "trolling against Monero" https://asktom.cf/index.php?topic=753252.msg8506015#msg8506015 .

I'm extremely positive about Monero (only crypto I hold next to Bitcoin.  in total I only ever held 4 different cryptos (PPC and LTC are the others)). I was just calling out that even Monero is pseudo-anonymous (although vastly better than Bitcoin) and that theoretically zo-proof theorems are superior (although there isn't yet a practical way to initialize in a trust-less manner).

It happens when people get over enthusiastic and overly attacked by retards. They start to think that every counter argument is bad.

[TrueCryptonaire]

Monero is more than a coin. It is a cult.
It is the congregation of latter day elitists aka Monerians.