[XMR] Monero Speculation

[adolf512]

Well losing money and doing bad decisions is no fun, please understand i probably suffer from adhd, i might be smart but my poor self-control has ruined everything for me which is truly sad. I ruined everything with two bad moves.

Also it's sad how many people lost money due to the xmr pump. I did consider rebuying now(higher price and i have less xmr) but i will have to wait now, cannot risk losing even more if the price falls again. Unfortinatily not many people listened to the xmr devs telling us not to invest.

XMR is a nice coin, i like it.

[cryptimus prime]

Ask yourself one very important question:
When the GUI is out, which reason do all those DNM users have to use BTC over XMR?

[Febo]

@adolf512
XMR is money and no one lost anything.  There are 13.1 millions coins what is a bit more then was a month ago. So people actually gained a bit more money.

If you decide to give someone else those coins, you will lose and he will gain.

 if you have BTC just stick with that. hold BTC and that is it. BTC is also money.

[smoothie]

here is my modest speculation of what will happen through March 2017-sh.

I would love to do a side-by-side comparison to the actual chart once march 2017 hits. I encourage others to do the same and see what our speculation(s) are and how they then compare months down the road. Just for fun.  

@Bears please prove me wrong and make the prices go lower than my drawn lines below.

@Bulls please prove me wrong and make the prices go higher than lines I've specified.

@Neutrals have a drink and chill  

[rpietila]

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

[Bagatell]

I am calling a bottom at 8888.

i am guessing it will bounce @ 0.007

Why so bearish? 0.0081 

 

[explorer]

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

 

Nice one

[koryu]

I am waiting for break out on higher timeframes especially 3day chart

dont forget: https://www.youtube.com/watch?v=oAKG-kbKeIo

[rangedriver]

[smoothie]

https://i.imgur.com/8O8I5FN.png

i wish...

[N-rG]

Well, as I expected people are calling the beta gui already like the final GUI. For the devs I would recommend to add a big and clear note "beta" on that GUI. Every bug will be used against that coin otherwise.

[bitebits]

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

I am not a day trader nor a whale, so to me Monero goes wherever it wants to go or is being steered. However I dare to challenge that we have already seen the bottom:

- In the past Monero has shown to be more firmly connected to the dollar price than the bitcoin price.
- Bitcoin is in a consistent uptrend.
- Price increase is usually quick and over reacting. A price decline usually hurts, badly, over a stretched period of time. That I feel we haven't experienced yet.
- Uncertainty in the market regarding potential privacy competitor Zcash.
- Monero has been around 0,50$ for a long time. A 10x price rise, that actually holds, would already be quite impressive.

So being bullish I speculate that Monero's current fair value is around 5$. That would mean between 0,007 and 0,008 BTC, if the price of Bitcoin remains stagnant. Which I think it will not. Let's see!

[rpietila]

For the price to go lower, it requires that someone is willing to sell. Selling is not rational any more, buying is.

[novag]

My prognosis

http://imgur.com/a/IwVmF   

[ArticMine]

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

This may be an accurate call, especially if it attracts attention in China.

The word for "eight" (八 Pinyin: bā) sounds similar to the word which means "prosper" or "wealth" (發 – often paired with "發財" during Chinese New Years, but is used alone or paired with numerous other "compound words" that have a meaning of luck or success, Pinyin: fā). In regional dialects the words for "eight" and "fortune" are also similar, e.g., Cantonese "baat3" and "faat3". The word is also phonetically similar to the word for a hundred (百), alluding to greater wealth. Note as well, this particular symbol matches the mathematical symbol of infinity. While Chinese does have other words for luck, this full understanding of luck that includes the infinity concept marries into a Chinese understanding of this particular word.

There is also a visual resemblance between two digits, "88", and 囍, the "shuāng xĭ" ("double joy"), a popular decorative design composed of two stylized characters 喜 ("xĭ" meaning "joy" or "happiness").

https://en.wikipedia.org/wiki/Numbers_in_Chinese_culture#Eight

[jwinterm]

...

This may be an accurate call, especially if it attracts attention in China.
...

https://youtu.be/RDrfE9I8_hs

[nioc]

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

For the price to go lower, it requires that someone is willing to sell. Selling is not rational any more, buying is.

To me these 2 quotes seem to contradict each other.  First quote says it's not going higher and the second one I read to be that the only way it is going is up.  rpietilla would you please clarify.  Thank you.

Several people that I respect have just said that the price will be basically horizontal for the next several months.  I'm more in line with rpietilla's second quote.  Ofc there is great uncertainty from uncontrollable events.  I did buy some yesterday at < 0.01 but mostly I will continue to hold and drink tea.

In other news:  Total time logged in: 100 days, 36 minutes.

[smoothie]

I am calling a bottom at 8888.

- Just feels like that
- Dip below 0.01 was defended with reasonable volume and bounced back above
- Hammer in daily yesterday (albeit red)
- In accordance with everything I said since the pump started
- Lucky number.

Reasonable strategy is to not play FOMO. It aint goin higher. Buy methodically especially on dips. Stop-loss at 8888 if on margin.

For the price to go lower, it requires that someone is willing to sell. Selling is not rational any more, buying is.

To me these 2 quotes seem to contradict each other.  First quote says it's not going higher and the second one I read to be that the only way it is going is up.  rpietilla would you please clarify.  Thank you.

Several people that I respect have just said that the price will be basically horizontal for the next several months.  I'm more in line with rpietilla's second quote.  Ofc there is great uncertainty from uncontrollable events.  I did buy some yesterday at < 0.01 but mostly I will continue to hold and drink tea.

In other news:  Total time logged in: 100 days, 36 minutes.

I interpreted it as it isn't going up in a FOMO fashion...it can go up though, just not as it has in the recent spike.

[KeyJockey]

For the price to go lower, it requires that someone is willing to sell. Selling is not rational any more, buying is.

Seems to me that the only thing possibly upcoming which *might* trigger that happening, is if there's some kind of incredible hype marketing machine gearing up behind the ZCash launch, which -- despite all the technical superiority of Monero -- *might* be able to irrationally induce less-informed HODL'ers to jump ship for the "shiny new" or "latest and greatest" anon coin.

IF something like that happens, however, I believe it will be short-lived and the backlash will be severe... and ultimately probably of long-term benefit to XMR.

But still, point is that it may get UGLY for awhile... Monero-ites need to be prepared for that.  We'll just have to see how it goes, I guess.

Anyway, I know I'm gonna be tempted to try and play something off of ZCash when it launches, probably... short the shit outta it, if possible, and use the profits to acquire more XMR... LOL.  But honestly I know I should probably not even try that as I'll get my ass handed to me as usual, one way or the other LOL.

IAC my long-term, base stash of XMR is gonna remain locked up safe & sound in cold wallets as always.  Maybe I'll play it with a little expendable fiat only... heh.  We'll see.

[Thenoticer]

This image says it all.

I was just surfing the zeronet and found this