[XMR] Monero Speculation

[adolf512]

You can't apply Fibonacci on XMR markets. It isn't close to being a mature enough market. It's barely even practical on BTC/USD let alone XMR/BTC.

To be honest i do not believe in graph trading, you will just be fooling your self in thinking there is some pattern when there isn't. The only pattern i see with xmr is a pump and people now selling cheap in panic, don't fool your self into thinking you know where the bottom is, you dont.

Hopefully the price will be lower next time i buy(Tuesday), it might be higher, it might be lower. I believe in spreading out your buys in time to minimize risk, don't buy to much one day. You cannot predict the price short term(i fail at it with iq 140).

[TrueCryptonaire]

@TrueCryptonaire

Make proof. Put a sell order of all your coins at 0.424171 that we can see that you tell us the truth.

I do not hold coins in exchanges and either should anyone to do so + I do not care if you believe me or not.

[N-rG]

@TrueCryptonaire

Make proof. Put a sell order of all your coins at 0.424171 that we can see that you tell us the truth.

I do not hold coins in exchanges and either should anyone to do so + I do not care if you believe me or not.

Its not about me, show the community you're valid. But I know what comes out, so for me doesnt matter

[TrueCryptonaire]

@TrueCryptonaire

Make proof. Put a sell order of all your coins at 0.424171 that we can see that you tell us the truth.

I do not hold coins in exchanges and either should anyone to do so + I do not care if you believe me or not.

Its not about me, show the community you're valid. But I know what comes out, so for me doesnt matter

Anyway I wonder how these childish "who has the biggest dick" games proofs my point of having average buying price around 0.002'ish?

You know, I bought some Moneros even below 0.001 (if I recall correctly, something like 30-50 Moneros). It was trading under 0.001 for a brief while at the end of 2014/in the beginning of 2015 and there were only small amounts of coins available at those prices.

[wpalczynski]

This will be the last time i invest in cryptos, even if i would end up making a profit. I am not suitable to trade, i will not buy over 0.01 from now.

Why? Just sell now everything and buy back at 0.0075 or so. Than you have more coins which you can sell in one year when the coin maybe recovers. But dont make your loss bigger.

You should be ashamed for scamming newbies as you are doing. You know full well that it will never drop that low. Propagandising it to newbies with the invitation to trade accordingly is seriously cuntish.

Always protect the noob no matter what the circumstances.

Why would you say it will never drop that low?  We've gone from 0.0265 to 0.0115 a drop of 0.015 in essentially slightly less than a month, traditionally XMR bear markets have lasted quite long between these quick rises.  From 0.0115 to 0.0075 is only 0.004, only around a quarter of last months drop since the ATH.

It looks to me like you might be trying to influence noobs to protect your bags which are getting increasingly heavier on a daily basis.  Instead of trying to fleece people of their money try learning how to use the stop-loss features of the exchange.

[gkv9]

I find XMR to be very cheap ATM and I think that it won't go more down than this, as this seems to be the best support IMO to buy this coin...
Though, I am waiting for BTC0.009 to chime in and play with the markets through margin trading after a price surge...

[MrGood]

This will be the last time i invest in cryptos, even if i would end up making a profit. I am not suitable to trade, i will not buy over 0.01 from now.

Why? Just sell now everything and buy back at 0.0075 or so. Than you have more coins which you can sell in one year when the coin maybe recovers. But dont make your loss bigger.

You should be ashamed for scamming newbies as you are doing. You know full well that it will never drop that low. Propagandising it to newbies with the invitation to trade accordingly is seriously cuntish.

Always protect the noob no matter what the circumstances.

Why would you say it will never drop that low?  We've gone from 0.0265 to 0.0115 a drop of 0.015 in essentially slightly less than a month, traditionally XMR bear markets have lasted quite long between these quick rises.  From 0.0115 to 0.0075 is only 0.004, only around a quarter of last months drop since the ATH.

It looks to me like you might be trying to influence noobs to protect your bags which are getting increasingly heavier on a daily basis.  Instead of trying to fleece people of their money try learning how to use the stop-loss features of the exchange.

I'm not doing that in the slightest. I'm not even declaring a position, other than that it is clearly irresponsible to be motioning to those who have declared a hapzard trading history to suddenly "sell now and buy at 0.0075." That's patently not good advice.

Sure, you could conjure-up theoretical scenarios based upon XMR declining further, at which point you could phrase it in terms of probability and altering your portfolio in a way that would be beneficial in case of multiple outcomes.

That's not what he said though. He is instead exclaiming a unilateral unwavering protestation, that is frankly opportunistic at best, just fucking crazy at worst. Do I sound equally as unobjective and irrational?

The recent September rises were the ultimate conclusion to a prolonged period whereby the price was considered to be grossly undervalued. Everything that has happened, happened as an upward correction that only required the DNM market adoption as its point of ignition; the straw that broke the camel's back.

People are looking for a correction, that's true. But, the personality of the market has now changed considerably, and will never return to the "traditional space" that you are looking for.

BTC is on the rise, and contrary to causing an XMR decline, the absence of a healthy direct XMR/USD market will mean that XMR will rise in tandem, but with greater orders of magnitude than BTC's own ascent against USD. Exactly, what happened with Litecoin following the 2013 ascent, albeit this time with even less latency.

Once you throw in XMR fundamentals such as RingCT, the GUI, and increased conversations about anonymity following ZCash's release, it kinda becomes obvious that everyone is trying to get back in at some point.

Any labor involved in advocating selling and buying lower is therefore not good advice, but is in contrast an irresponsible and opportunistic attempt at market manipulation, at the expense of someone who is a self-declared terrible trader.

You can try to defend that wpalczynski, but it does nothing to endear you or your credibility.

[Hueristic]

A while back you told us we should be buying XMR for higher than now and today the noobs are supposed to sell lower than they initially bought in hope of reaching 0.0075...?

Don't worry i am not listening to him. The reality is that you don't know how much xmr will fall before the recovery but i am certain even the 0.026 bagholders will end up making a profit if they don't sell at loss. Buying more if the price falls is of course very dangerous and nothing i would recommend in general, but i have faith in XMR and refuse to play this stupid game on poloniex https://en.wikipedia.org/wiki/Greater_fool_theory (the greater fool is the one selling it even cheaper in the future this time).

Also i am not buying now, i am waiting since predicting prices is very hard, looking at graphs and market deps only confuses you, just buy when the price is low.

Low is a relative term directly tied to a arbitrary point. How do you decide that point?

[N-rG]

The last support is at 113 to 110. When this breaks I can imagine an (more) incredible crash. I mean there is just no more buy power than   (except the ones who are watching and didnt place an order, but why should they join a sinking ship)

[nioc]

I'm away for 24 hrs and look at all the posts I have to wade through, wade not necessarily read.

I declare that I have sold all my Moneroj and will never buy any again!  (Did that work guys?)  


In other news: "To make a difference, is not a matter of casual occurrence of the tides.  People choose to make a difference."


Many thanks to the devs and those in the community that have contributed in their own way.


Edit: speling an gramer

[Mast0rmind]

I would like to support XMR with my buying power, but it seems to me (!) that the market is concerned with the upcoming rise in BTC (almost perfect H C pattern), so it is only rational to support BTC and discard alts for the moment.

[smoothie]

i told you...XMR crash continues....

you've also said many other things contrary.

It appears you are up and down by the hour/day on this thread.

[smoothie]

The last support is at 113 to 110. When this breaks I can imagine an (more) incredible crash. I mean there is just no more buy power than   (except the ones who are watching and didnt place an order, but why should they join a sinking ship)

What you may have missed is the unusually low volume of selling on the way down since the top.

When comparing to the volume of the price rise.

[starmman]

The last support is at 113 to 110. When this breaks I can imagine an (more) incredible crash. I mean there is just no more buy power than   (except the ones who are watching and didnt place an order, but why should they join a sinking ship)

IMO the price will drop a bit further as bitcoin rises, I think BTC is about to rally and cause a lot of Alts to drop in value. I think XMR will rise to higher than now during the next bear market in BTC. I'm holding, mining and have some lowish buy orders and some more speculative buy orders (I'm also doing the same with quite a few other alts), I'll soak up some of the low prices whilst everybody else is running for BTC.

[N-rG]

@smoothie
Low volume in selling? What is low volume for you please?

ps. why everyone starts to fight about changing oppionions. In this market its totally common that things are changing and so the POV.

If Amazon tomorrow announces to implement XMR i change again to buy btw.

But still i wonder what happens if the last support above 100 breaks

pps. i still claim that XMR has a good future due to ransomware demands. But as i said this effect takes more than 6 month.

@starmman

Im curious if the BTC run is related to the US election or to the news about deutsche bank and some concerns about a new FC..you know more?

[Mast0rmind]

The last support is at 113 to 110. When this breaks I can imagine an (more) incredible crash. I mean there is just no more buy power than   (except the ones who are watching and didnt place an order, but why should they join a sinking ship)

IMO the price will drop a bit further as bitcoin rises, I think BTC is about to rally and cause a lot of Alts to drop in value. I think XMR will rise to higher than now during the next bear market in BTC. I'm holding, mining and have some lowish buy orders and some more speculative buy orders (I'm also doing the same with quite a few other alts), I'll soak up some of the low prices whilst everybody else is running for BTC.

I'm also a bit conserned about the emission curve of monero, which seems a bit intense to me. I mean most monerojs are in the hands of a few, and they themself can manipulate the market as they please.

[nioc]

I'm also a bit conserned about the emission curve of monero, which seems a bit intense to me. I mean most monerojs are in the hands of a few, and they themself can manipulate the market as they please.

Monero since the beginning has had a relatively large trade volume which doesn't seem to indicate that most monerojs are in the hands of a few.

Wait, lets look at the "rich list"

http://moneroblocks.info/richlist

[Mast0rmind]

I'm also a bit conserned about the emission curve of monero, which seems a bit intense to me. I mean most monerojs are in the hands of a few, and they themself can manipulate the market as they please.

Monero since the beginning has had a relatively large trade volume which doesn't seem to indicate that most monerojs are in the hands of a few.

Well again, most early adopters have a huge stach of XMR theres no question about that in my opinion due to low price (before the rise) and a high emission curve.

Furthermore I dont suspect that the userbase of XMR is that large at this point in time. Maybe just 0,0001 % of the total userbase of Bitcoin.

[N-rG]

puh about the customer base i'm not so sure. When i check the datas with the API there are a lot different buy and sell orders. When these are not all bots from the same person, i would say there are a lot of people in it. But i cannot compare with BTC.

When fluffy says he has about 12k~ coins -and i believe him- than i dont think that there is someone outside who has about 20% or so...and if so: yai buddy!

[BitcoinNewsMagazine]

You only want him to baghold that your losses are not getting higher. Fibonacci indicates it goes down to 085 check at bitcoinwisdom.

You can't apply Fibonacci on XMR markets. It isn't close to being a mature enough market. It's barely even practical on BTC/USD let alone XMR/BTC.

Besides, if you think it's going to 085 then why are you telling the noob to buy at 075.

You're clearly looking to accumulate, but had you been paying attention you would have realised that we're already currently in the accumulation zone.

Anything below 0.012 is the pickup point, and while newcomers should always trade cautiously, it would be fucking insanity to sell now....given that pretty much everyone else in this thread is obviously picking up.

So please, less of the evangelical deception.

Of course you can apply Fibonacci levels to XMR. Consider the latest surge in price to have begun on Aug 2 price has retreated almost exactly 61.8%. Traders are fiercely supporting the 0.0120 level dips below have been brief. I also agree that any price below .012 is worth bidding.