Febo
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November 12, 2016, 02:06:49 PM |
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Last week was quite quiet in this thread and price gained 40%
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CoinCidental
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Si vis pacem, para bellum
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November 12, 2016, 02:24:10 PM |
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Last week was quite quiet in this thread and price gained 40%
I get the feeling A lot of money from that scam coin zcash will end up going into monero..... Some of it likely already has caused the current boost A new ATH is not impossible by Xmas, stranger things have happened in crypto.....  |
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moneyLooser
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November 12, 2016, 02:43:05 PM |
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Currently it looks like XMR/BTC trading pair in Poloniex is the largest source of trading source of bitcoins (the next one is BitMex with BTC/USD and the third one is Bitfinex BTC/USD trading pair). Do we hear the mountains tremble?  Go play with your zcash coins and motivate your friends there you crazy flip flop penny guy. |
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dEBRUYNE
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November 12, 2016, 03:37:54 PM |
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TrueCryptonaire
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November 12, 2016, 05:39:45 PM |
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Bear in mind, in summer 2013 Risto went to mental ward and bitcoin rose (Risto's main holdings). Now as Risto was under the threath of mental ward it might also act similarly but with XMR this time.  |
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BitcoinNewsMagazine
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November 12, 2016, 05:54:02 PM |
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Fibonacci levels overlap so 0.01 to 0.111 is heavy overhead resistance. Good news if price can advance past 0.0111 and hold.  |
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rpietila
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November 12, 2016, 07:05:44 PM |
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I don't think it is doing that but the overwhelming probability right now points to about sticky at 0.01.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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rpietila
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November 12, 2016, 07:06:57 PM |
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Which, if I may add, translates to the trading advice to refrain from buying now, in hopes of a further crash with plenty more coinz for a BTC...
Bail in at 0.012.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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ArticMine
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November 12, 2016, 07:47:54 PM |
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It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.
If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).
I don't usually consider shorting XMR but this is one of the rare occasions.
Shorting when we just broke out of the exponential downtrend of 2 months seems a bit unwise. In addition, the daily MACD flipped to green.  Which, if I may add, translates to the trading advice to refrain from buying now, in hopes of a further crash with plenty more coinz for a BTC...
Bail in at 0.012.
This is coming down to: At what point does one confirm the upward breakout from the exponential downtrend line going back to the ATH? |
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rpietila
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November 12, 2016, 07:58:50 PM |
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This is coming down to: At what point does one confirm the upward breakout from the exponential downtrend line going back to the ATH?
In the hypothetical scenario that I was all out of my core position, I'd DCA in this price level over a long 4-week timeframe, and if during this, it breaks up to 0.012 or so, go all in. If it would go down, I'd go all in perhaps in 0.0065 which is still better than buying all back at 0.01. If it goes to 0.004 which is still completely possible given how many months we have left, then margin long. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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ArticMine
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November 12, 2016, 08:19:22 PM |
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...
In the hypothetical scenario that I was all out of my core position,
I'd DCA in this price level over a long 4-week timeframe, and if during this, it breaks up to 0.012 or so, go all in.
If it would go down, I'd go all in perhaps in 0.0065 which is still better than buying all back at 0.01.
If it goes to 0.004 which is still completely possible given how many months we have left, then margin long.
Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense. |
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Hueristic
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Doomed to see the future and unable to prevent it
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November 12, 2016, 08:57:03 PM |
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Really bullish right now. Shorts are getting eaten up. Funny whenever I post bullish there is a dump. Lol
But it always reverses shortly. Someone dumped into themselves. There is serious accumulation going on right now.
This thread does change the short term trading.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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CoinCidental
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November 12, 2016, 08:59:28 PM |
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Really bullish right now.
Monero is a better version of bitcoin.... I think the current price will be considered very cheap as we look back in hindsight on this time.... |
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Luxo
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November 12, 2016, 09:06:07 PM |
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I believe there is no right time to buy as the price will certainly spike up by a lot when the official beta GUI comes out, which is probably near but unknown yet.
Waiting and buying when it is low (I'd say around 0.007) is a risk that you take by hoping that the GUI does not release this month in my opinion.
Also take into consideration of the Jaxx wallet that should release around the 21th of November.
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TrueCryptonaire
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November 12, 2016, 09:06:33 PM |
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Really bullish right now. Shorts are getting eaten up. Funny whenever I post bullish there is a dump. Lol
But it always reverses shortly. Someone dumped into themselves. There is serious accumulation going on right now.
This thread does change the short term trading.
Yup, I am lending like crazy now and luckily get hefty interest on the loans. I hope the rates will stay like this. |
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ArticMine
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November 12, 2016, 09:17:19 PM |
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...
Monero is a better version of bitcoin.... I think the current price will be considered very cheap as we look back in hindsight on this time....
Yes this is very much the case. Monero does essentially the same thing as Bitcoin, in providing for digital funds transfer with no third party intermediaries, while addressing the two major shortcomings of Bitcoin, namely: 1) Scaling while maintaining security of the POW, with no arbitrary limits on the number of on chain transactions per second. 2) Fungibility, privacy and anonymity, with no fungibility destroying analytics attacks on the blockchain. |
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Hueristic
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November 12, 2016, 09:21:42 PM |
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Nice suppression right here. 0.01060000 3732.45733234 39.56404772 48.35974511 Anyone that can't see through that deserves to lose. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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rpietila
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November 12, 2016, 09:23:57 PM |
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Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.
Yes, there is a reason why I'm still in the game, despite losing 700,000+ XMR in hacks, probably the biggest loss ever. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Hueristic
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November 12, 2016, 09:25:54 PM |
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Nice suppression right here. 0.01060000 3732.45733234 39.56404772 48.35974511 Anyone that can't see through that deserves to lose. And poof it's gone. Fuck you whoever put it there, suck mine. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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bobabouey2
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November 12, 2016, 10:24:54 PM |
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Yes. This kind of hedging strategy in order to minimize risk actually makes a lot of sense.
Yes, there is a reason why I'm still in the game, despite losing 700,000+ XMR in hacks, probably the biggest loss ever. That is devastating, my condolences. Do you mind sharing whether it was held at Poloniex, your webwallet, regular wallet or cold storage? Or perhaps hacking in this case is like the goldbugs and their boating accidents... |
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