owaisted
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Activity: 24
Merit: 0
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October 03, 2016, 05:04:38 PM |
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Price is coming down again. It is my understanding (noobish as it may be), after yesterday's stablization it is coming to .012 levels again. If trade volumes continues to increase, price will fall more. Previously high volumes meant rising price but the opposite is happening.
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mfqrs3
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October 03, 2016, 05:07:27 PM |
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I guess shorts wins yet another round  As sell orders are building up, no sign of bulls for weeks Just dump it and collect it lower. Everything else is empty forum talk. |
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owaisted
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Activity: 24
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October 03, 2016, 06:01:23 PM |
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The price soared as volume picked up. This is one of the highest volume level over the last four days. I expect a drop now. Greater volume levels are followed by smaller ones and price drops.
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Dafar
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Activity: 1330
Merit: 1000
dafar consulting
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October 03, 2016, 06:04:50 PM |
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Price is coming down again. It is my understanding (noobish as it may be), after yesterday's stablization it is coming to .012 levels again. If trade volumes continues to increase, price will fall more. Previously high volumes meant rising price but the opposite is happening.
Anything below 0.01 i would buy... 0.01 -- 0.012 are my targets for long term holds |
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cryptimus prime
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October 03, 2016, 06:15:55 PM |
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Some noobie-bears write their a**** off here. Amusing.  |
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N-rG
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October 03, 2016, 06:16:22 PM |
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maybe there is even a time where to turn off grouping to 4 decimals and trade in regular between 0.002 to 0.004 again -which was common 2 month ago.
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Globb0
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Activity: 2716
Merit: 2053
Free spirit
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October 03, 2016, 07:20:57 PM |
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The second I sell out its to the moon. FS bum bollox. |
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owaisted
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October 03, 2016, 07:26:24 PM |
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please bear with me on this. if i look at the market trend, when the trade volume increases so does the price. am i just looking at it too narrowly?
moreover, i say this because on polo with a 6hr timeframe, the drop happened as trade volume significantly increased. but then looking at it on a longer timeframe of 24 hr, the volume was not that significant. as greater trade volume was observed, much in line with previous increases during the day, the price rose. i guess what i am asking is about price movement.
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Globb0
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Activity: 2716
Merit: 2053
Free spirit
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October 03, 2016, 07:36:55 PM |
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Volume and price are intrinsically linked. Traditional crypto coin knowledge is volume drives price.
When I look at it though I always also see volume on the dumps so Im not sure its the only measure you should use.
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Hannu
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October 03, 2016, 07:42:07 PM |
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Hey! Today volume is 5684!  |
BTC: 3Qnnx4cu45Gx4WcksNCnBPu3TaUZ5sKkLo
LTC: LYX1ZH7f4qcXq52AzA6grUYDfDngVz7BEi
XRP: rLrbZMJDdL8eQd7HsW314bCtvE16LTLYkM?dt=1113
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Anon136
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Merit: 1217
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October 03, 2016, 07:43:46 PM |
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Hey! Today volume is 5684! I am one of those people who thinks more volume is always a good thing in the long term. So this is exciting to me as well. |
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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novag
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October 03, 2016, 07:55:49 PM |
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All waiting of good news!
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Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank. http://aikivindo.com.uaBTC:1DpRaQjdVmrkSopRV8p9RdwvBMWNA9faCS |
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sandiman
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October 03, 2016, 08:02:35 PM |
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Volume and price are intrinsically linked. Traditional crypto coin knowledge is volume drives price.
When I look at it though I always also see volume on the dumps so Im not sure its the only measure you should use.
Dump volume had more volume on the shorter time frame as they broke significant support (thus higher volume shows signs that this break out will be valide). Nonetheless, volume on the uptrend were much higher as you they were characterizing a strong emotion (FOMO). In a continued down trend, volume doesn't need to be that high to validate the bearish scenario (fear is a slow increasing feeling, usually downtrend ends on what is called "capitulation", point at which you'll see exponentially rising volume on a short amount of time, fear is here at is paroxysm). |
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owlcatz
Legendary
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Activity: 4200
Merit: 2030
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October 03, 2016, 09:58:33 PM |
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All waiting of good news!
News happened yesterday. Dev meeting. Doubt there will be anything good coming real soon. However... If you track the GUI dev, scroll down this page.  https://github.com/mbg033?tab=activity |
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owlcatz
Legendary
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Activity: 4200
Merit: 2030
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October 03, 2016, 10:24:14 PM |
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Are you new to monero too? Soon is nothing new here. I still need to buy more, so not soon is better.  |
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nioc
Legendary
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Activity: 1624
Merit: 1008
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October 03, 2016, 10:35:30 PM |
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Are you new to monero too? Soon is nothing new here. I still need to buy more, so not soon is better. Only you are late. Wow vbuterin is following you. No one follows me. Don't worry, the GUI is a sham. There is nothing to release. You will be able to get all the worthless Monero your heart desires. |
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Mast0rmind
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October 03, 2016, 10:42:44 PM |
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Don't worry, the GUI is a sham. There is nothing to release. You will be able to get all the worthless Monero your heart desires.
Good luck with your short. |
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owlcatz
Legendary
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Activity: 4200
Merit: 2030
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October 03, 2016, 10:59:20 PM |
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Are you new to monero too? Soon is nothing new here. I still need to buy more, so not soon is better. Only you are late. Wow vbuterin is following you. No one follows me. Don't worry, the GUI is a sham. There is nothing to release. You will be able to get all the worthless Monero your heart desires. No, i'm following him... i'm just a nobody / poor chump! Anyhow, thank god for your gui update, whew, was getting worried there. |
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