[XMR] Monero Speculation

[Anon136]

big old green candles....if you are thinking of selling...don't

Psh. I'm going down with the ship if it comes to that.

[CoinCidental]

big old green candles....if you are thinking of selling...don't

Psh. I'm going down with the ship if it comes to that.

You would be nuts to dump xmr at these prices  I would advise most people to relax until at least after 0.02 or the next ATH before selling ANY..... even then don't sell them all...

[freedomgo]

big old green candles....if you are thinking of selling...don't

Psh. I'm going down with the ship if it comes to that.

You would be nuts to dump xmr at these prices  I would advise most people to relax until at least after 0.02 or the next ATH before selling ANY..... even then don't sell them all...

We have a very good increase today, it his going to be reach to the amount of 0.02 again, I am actually tired of waiting that price again. I hope this increase is not just a temporary one and I can still see this will continue to happen.

[adolf512]

Looks like i am done investing in XMR now, i refuse to buy above 0.011, i will save my last bitcoins(0.67), losing money(currently 60$) for not buying really sucks. Currently my profit is only 250$, that sucks. The people that sold below 0.011 must have horrible anxiety right now, it took some balls to hold and buy even more(i chickened out and didn't go all in).

I have a feeling the price might drop below 0.011 again, will keep a few bids there in the case that happens.

[elrippo]

Looks like i am done investing in XMR now, i refuse to buy above 0.011, i will save my last bitcoins(0.67), losing money(currently 60$) for not buying really sucks. Currently my profit is only 250$, that sucks. The people that sold below 0.011 must have horrible anxiety right now, it took some balls to hold and buy even more(i chickened out and didn't go all in).

I have a feeling the price might drop below 0.011 again, will keep a few bids there in the case that happens.

Hmmmm, looks to me we will get the low of round about 0,010 around 10'th of october. From there we should see a nice rise to somewhere 0,020 at around 02'nd of november, if we hit the 0,010 around 10'th of october 

If we stay at the current 0,015 level until 15'th of october, well, then things will get interesting 

[Anon136]

Looks like i am done investing in XMR now, i refuse to buy above 0.011, i will save my last bitcoins(0.67), losing money(currently 60$) for not buying really sucks. Currently my profit is only 250$, that sucks. The people that sold below 0.011 must have horrible anxiety right now, it took some balls to hold and buy even more(i chickened out and didn't go all in).

I have a feeling the price might drop below 0.011 again, will keep a few bids there in the case that happens.

Aww. How seriously you take such tiny numbers is adorable! I don't mean that to be mean. I'm serious. Made me smile.

[Bagatell]

Looks like i am done investing in XMR now, i refuse to buy above 0.011, i will save my last bitcoins(0.67), losing money(currently 60$) for not buying really sucks. Currently my profit is only 250$, that sucks. The people that sold below 0.011 must have horrible anxiety right now, it took some balls to hold and buy even more(i chickened out and didn't go all in).

I have a feeling the price might drop below 0.011 again, will keep a few bids there in the case that happens.

Aww. How seriously you take such tiny numbers is adorable! I don't mean that to be mean. I'm serious. Made me smile.

Samsung Mao approves this message.

[smooth]

Here is a very interesting article by the Electronic Frontier Foundation on "How Big Pharma's Shadow Regulation Censors the Internet" https://www.eff.org/deeplinks/2016/09/how-big-pharmas-shadow-regulation-censors-internet The article does not mention Monero at all but it does identify the role of shadow regulation in censoring payment processors. In this case to deny medicines at an affordable price to people in need for the furtherance of corporate greed and the "protection of intellectual property". When dealing with pharmaceuticals this can in many cases be a matter of life and death.

A fungible, private and anonymous, crypto currency that is not constrained by artificial limits on the number transactions per second, can actually save people's lives.

At the payment processor level, yes they would not be able to censor monero payments.

But there still exists the issue of censoring actual domain names and confiscation at the border when importing these prescription drugs.

Thanks for the article, I had not known of such ridiculous laws. But i'm not surprised either.

Apparently confiscation is not the major issue, payments and domains/hosting/blocking of sites are:

In practice however, discretionary guidelines developed by the Food and Drug Administration (FDA) and enforced by the CBP allow American consumers to import a 90-day supply of some prescription medications for personal use, including by bringing them across border checkpoints in personal luggage, or by mailing them from overseas.

I guess the "major issue" must be defined by each individual as the quote you posted claims that some prescription medications are allowed to be imported in 90-day supply amounts.

Not sure how much is "some".

Trade wars between countries has begun and will likely accelerate over the coming years. Such a barrier at the border/customs will likely only get worse as world trade unravels due to global recession.

The word "some" there refers to restrictions on types of medications. Xanax will be more of a problem (still allowed, in theory, but with added requirements)

There is a ample evidence of government pressure on the payments industry being used not only in this case but more generally to crack down on disfavored businesses that are legal. See Operation Chokepoint. We can't solve every problem in the world with one tool, but that that is absolutely something we can actually do something about.

[cryptimus prime]

Looks like i am done investing in XMR now, i refuse to buy above 0.011, i will save my last bitcoins(0.67), losing money(currently 60$) for not buying really sucks. Currently my profit is only 250$, that sucks. The people that sold below 0.011 must have horrible anxiety right now, it took some balls to hold and buy even more(i chickened out and didn't go all in).

I have a feeling the price might drop below 0.011 again, will keep a few bids there in the case that happens.

You are making it to complicated for yourself. Like I said, my entry point was mostly around 0.50 USD and then around 2-3 USD and nevertheless I decided to jump in with some money at 6 USD because it is still cheap. You should also be aware that every day following positive news/rumours could come out:

• GUI wallet finished
• another exchange added XMR
• another DNM adds XMR (would not be so surprised by this)
• not to forget a growing community and as I can see also some new developers

In this case you will stand on the earth and see the evil green rockets start, while muttering how it was too expensive.

[DaveyJones]

Looks like i am done investing in XMR now, i refuse to buy above 0.011, i will save my last bitcoins(0.67), losing money(currently 60$) for not buying really sucks. Currently my profit is only 250$, that sucks. The people that sold below 0.011 must have horrible anxiety right now, it took some balls to hold and buy even more(i chickened out and didn't go all in).

I have a feeling the price might drop below 0.011 again, will keep a few bids there in the case that happens.

It is not investing if you trade every little swing and only care of your in Dollar profit .... thats called speculating or gambling :p

[adolf512]

You are making it to complicated for yourself. Like I said, my entry point was mostly around 0.50 USD and then around 2-3 USD and nevertheless I decided to jump in with some money at 6 USD because it is still cheap. You should also be aware that every day following positive news/rumours could come out:

• GUI wallet finished
• another exchange added XMR
• another DNM adds XMR (would not be so surprised by this)
• not to forget a growing community and as I can see also some new developers

In this case you will stand on the earth and see the evil green rockets start, while muttering how it was too expensive.

Yes you are 100% correct, but i have decided to always stick to my rules and my rule for xmr is not to buy above 0.011 (i own 470 xmr already). I would of course never sell at this level, the price is more likely to go up than down now.

[smoothie]

Here is a very interesting article by the Electronic Frontier Foundation on "How Big Pharma's Shadow Regulation Censors the Internet" https://www.eff.org/deeplinks/2016/09/how-big-pharmas-shadow-regulation-censors-internet The article does not mention Monero at all but it does identify the role of shadow regulation in censoring payment processors. In this case to deny medicines at an affordable price to people in need for the furtherance of corporate greed and the "protection of intellectual property". When dealing with pharmaceuticals this can in many cases be a matter of life and death.

A fungible, private and anonymous, crypto currency that is not constrained by artificial limits on the number transactions per second, can actually save people's lives.

At the payment processor level, yes they would not be able to censor monero payments.

But there still exists the issue of censoring actual domain names and confiscation at the border when importing these prescription drugs.

Thanks for the article, I had not known of such ridiculous laws. But i'm not surprised either.

Apparently confiscation is not the major issue, payments and domains/hosting/blocking of sites are:

In practice however, discretionary guidelines developed by the Food and Drug Administration (FDA) and enforced by the CBP allow American consumers to import a 90-day supply of some prescription medications for personal use, including by bringing them across border checkpoints in personal luggage, or by mailing them from overseas.

I guess the "major issue" must be defined by each individual as the quote you posted claims that some prescription medications are allowed to be imported in 90-day supply amounts.

Not sure how much is "some".

Trade wars between countries has begun and will likely accelerate over the coming years. Such a barrier at the border/customs will likely only get worse as world trade unravels due to global recession.

The word "some" there refers to restrictions on types of medications. Xanax will be more of a problem (still allowed, in theory, but with added requirements)

There is a ample evidence of government pressure on the payments industry being used not only in this case but more generally to crack down on disfavored businesses that are legal. See Operation Chokepoint. We can't solve every problem in the world with one tool, but that that is absolutely something we can actually do something about.

The word usage meant to entail that they did not clarify how much of the generalized prescription drug industry were allowed this 90-day supply.

Perhaps the wording should have been "not sure which drugs are considered as 'some'".

Operation Chokepoint has been on my radar for some time. That applies here for sure.

And yes, monero wasn't created to solve every problem and indeed it is providing a solution to a specific subset of problems.

What is baffling is that this 90-day supply allowance for some prescription drugs is the equivalent of saying:

"Hey you can get the product you need to survive at a lower cost, but only in 90-day supply amounts, no more."

Gee thanks Gubmint. Indeed governments are not for the people, but for the power/money/control.

[bbc.reporter]

Am I wrong in thinking that XMR will go down back to .005? That is where all the craziness started so maybe it will also end there. The rise above that level was clear manipulation from the people involved in the darknet market.

[nanobrain]

Am I wrong in thinking that XMR will go down back to .005?

Probably

[smoothie]

Am I wrong in thinking that XMR will go down back to .005? That is where all the craziness started so maybe it will also end there. The rise above that level was clear manipulation from the people involved in the darknet market.

How exactly did they manipulate the market?

By an announcement and perhaps some bids on the price?

I am pretty sure this "manipulation" you speak of is just another way of attempting to rationalize an irrational market.

[bbc.reporter]

@smoothie. It is very clear that XMR was pumped by some people who knew about the darknet market acceptance. Do you not think that is a form of manipulation?

[drawingthesun]

Looks like i am done investing in XMR now, i refuse to buy above 0.011, i will save my last bitcoins(0.67), losing money(currently 60$) for not buying really sucks. Currently my profit is only 250$, that sucks. The people that sold below 0.011 must have horrible anxiety right now, it took some balls to hold and buy even more(i chickened out and didn't go all in).

I have a feeling the price might drop below 0.011 again, will keep a few bids there in the case that happens.

Time in the market is much more profitable that timing the market as long as the asset you're investing into is fundamentally sound.

Time in the market = buy and hold.

Timing the market = day trading.

If you have reason to believe in Monero then put X% of your investment portfolio into it.

Don't try day trading.

Imagine all of the people that bought into Bitcoin at it's first peak at $32 and then it crashed to below $5.

If they had held today they would have a 20X increase, but that would require time in the market, not timing the market.

I would advise against putting 100% of your portfolio into anything, even Bitcoin or property.

Consider that the best way to make money is to avoid scam coins and hold a personal fund that is an amalgamation of various coins that show promise.

As an example, my portfolio currently consists of BTC, ETH, XMR, AMP.

[drawingthesun]

@smoothie. It is very clear that XMR was pumped by some people who knew about the darknet market acceptance. Do you not think that is a form of manipulation?

Everything is manipulated, especially in Crypto.

Once you accept that manipulation is happening then you learn not to buy at the top of a green candle.

This space requires immense discipline.

You have to be able to see an asset increasing before your eyes and if you're not already in, stay out until the inevitable crash (or just stay out forever if the coin isn't sound.)

Here is the deal, you will always miss out on profits with that technique. But you'll also maintain your wealth too.

[freedomgo]

Am I wrong in thinking that XMR will go down back to .005?

Probably

So maybe I just need to wait for that price before I buy it, I hope it will resurrect again.

The price is not really good for now despite of the increase, but for a certain trader who loves to take the risk, I think there is a value somehow.

[adolf512]

Time in the market is much more profitable that timing the market as long as the asset you're investing into is fundamentally sound.

Time in the market = buy and hold.

Timing the market = day trading.

Don't try day trading.

Imagine all of the people that bought into Bitcoin at it's first peak at $32 and then it crashed to below $5.

If they had held today they would have a 20X increase, but that would require time in the market, not timing the market.

I would advise against putting 100% of your portfolio into anything, even Bitcoin or property.

Consider that the best way to make money is to avoid scam coins and hold a personal fund that is an amalgamation of various coins that show promise.

This is why i will not buy more now after the increase, i will instead look after other coins to invest in with my few money i have left to invest. As for short term trading i did get a lot more xmr for my money by selling at 0.0135 and rebuying below 0.0115) but now i will simply hold.

In general you are correct about daytrading, especially when you factor in trading fees.