[XMR] Monero Speculation

[OrangeP]

Polo down?  


e: holy shit that sell.. would've happily bought some of that.

[smooth]

Polo down? 

Very unreliable. Reload sometimes works.

[explorer]

Polo down?  


e: holy shit that sell.. would've happily bought some of that.

I think nobody got any of that unless they already had the net out to catch it when it fell.  I tried, but polo just locked up on me.
It's weird how I often seem to watch these things unfold.  I don't spend that much time watching charts.  (Do I?  )

[prabakharras]

That buy up and sell down just wow https://www.coingecko.com/en/price_charts/monero/usd

[cAPSLOCK]

WTF is going on at poloniex?  Anyone get a low bid filled there?  Wow.

Risto selling his Monero

Well there was someone with $2.5mm usd worth of monero selling at once.  Interesting to say the least.

[CTTE]

WTF is going on at poloniex?  Anyone get a low bid filled there?  Wow.

Risto selling his Monero

Well there was someone with $2.5mm usd worth of monero selling at once.  Interesting to say the least.

I really feel like there are parties trying their best to keep Monero from "taking off" as it were. You see a lot of suppression popping up on the sell side and well timed dumps that could easily have been much more profitable if they had taken their time and sold that same amount over a longer period of time.

[ArticMine]

...
I really feel like there are parties trying their best to keep Monero from "taking off" as it were. You see a lot of suppression popping up on the sell side and well timed dumps that could easily have been much more profitable if they had taken their time and sold that same amount over a longer period of time.

Trying to manipulate markets fails over the long term. It can however provide many profit opportunities to other market participants at the expense of the manipulator or manipulators.

Edit: The sudden dump took XMR temporarily to 0.0143 XBT. It has now recovered back to 0.019.

[ozkraut]

...
I really feel like there are parties trying their best to keep Monero from "taking off" as it were. You see a lot of suppression popping up on the sell side and well timed dumps that could easily have been much more profitable if they had taken their time and sold that same amount over a longer period of time.

Trying to manipulate markets fails over the long term. It can however provide many profit opportunities to other market participants at the expense of the manipulator or manipulators.

Edit: The sudden dump took XMR temporarily to 0.0143 XBT. It has now recovered back to 0.019.

My hypothesis is now that someone had accumulated for some time and tried to pump last few days. Market didnt respond as planned and hence they dumped their accumulation and exited....On that note: Cheap Monero atm (;-)

[Duomo]

$100+ for Monero, I lost $20,000+ (U.S.D) in a week because I was uninformed and I didn't really understand what Monero was. I didn't think it would come back even stronger. It has been like 6-7 months but I have been proven wrong. I thought the pump and dump last year was over for Monero but never mind, I was foolish. HODL.

P.s HODL! (Hold-On-to-Dear-Life), Whatever, it was only $20,000+, at least wasn't $2,000,000+

[Zegra]

This dump is great. I think it's done by someone who wanted to jump in on the rising Bitcoin price.
Took the opportunity to place a decent buy order. I moved the price up one euro. Sorry for the others who were hoping for cheap monero but it's still cheap compared to the 29 euros of yesterday!

[Kelvinid]

This dump is great. I think it's done by someone who wanted to jump in on the rising Bitcoin price.
Took the opportunity to place a decent buy order. I moved the price up one euro. Sorry for the others who were hoping for cheap monero but it's still cheap compared to the 29 euros of yesterday!

The price is still 31 dollar. I think there is no dump.

[andrew2k]

This dump is great. I think it's done by someone who wanted to jump in on the rising Bitcoin price.
Took the opportunity to place a decent buy order. I moved the price up one euro. Sorry for the others who were hoping for cheap monero but it's still cheap compared to the 29 euros of yesterday!

The price is still 31 dollar. I think there is no dump.

There was a dump on Polo, from 0.021 BTC to 0.014, it all happened quite fast, a matter a of minutes I guess. I had a few buy orders set up but definitely not that low. Some people are very happy right now.

[Febo]

This dump is great. I think it's done by someone who wanted to jump in on the rising Bitcoin price.
Took the opportunity to place a decent buy order. I moved the price up one euro. Sorry for the others who were hoping for cheap monero but it's still cheap compared to the 29 euros of yesterday!

I am sure you answered on this question who dumped already yesterday.

I know it is. But the pump happened in 10 minutes. Occam's razor is telling me this is just a pump unless it was someone with REALLY big pockets that got suddenly genuinely interested in Monero.

The guy who bought few hours before with hope for sheeps to follow him dumped when was not much result, since Monero is not just an altcoin that grows extremely without any reason.

[Nathan047]

Well there was someone with $2.5mm usd worth of monero selling at once.  Interesting to say the least.

Wow, that’s a lot coins; no wonder we hit a bump in the road. I’m guess that would have been a whale (or some whales). Who else would have 2$+ million XMR to manipulate the market with?

Regardless, the pump has picked back up and were still rising

[Dotto]

Mr Phatfinger didn´t had the day

[cAPSLOCK]

Well there was someone with $2.5mm usd worth of monero selling at once.  Interesting to say the least.

Wow, that’s a lot coins; no wonder we hit a bump in the road. I’m guess that would have been a whale (or some whales). Who else would have 2$+ million XMR to manipulate the market with?

Regardless, the pump has picked back up and were still rising

Well.. I say 2.5mm which may have been true at market price, but the slippage probably cost him/her deep six figures.

[Globb0]

Failed another flip. Sat watching 22 last night   

While Poloniex seemed to be melting down btw


bum

[OrangeP]

Glad to see a sell order like this does not cause a huge panic within Monero holders.

[c789]

Glad to see a sell order like this does not cause a huge panic within Monero holders.

Crap. I missed another dip.

As for panic, XMR is coin I'm least worried about. It actually does something well (fungibility/privacy), has real-world use, and is being used. It's still undervalued. Bagholders of other alts are going to need a lot of antacids when BTC settles down.

[cAPSLOCK]

Glad to see a sell order like this does not cause a huge panic within Monero holders.

Crap. I missed another dip.

As for panic, XMR is coin I'm least worried about. It actually does something well (fungibility/privacy), has real-world use, and is being used. It's still undervalued. Bagholders of other alts are going to need a lot of antacids when BTC settles down.

The only caveat to this IMHO is when the ALT bubble bursts that is naturally going to drag XMR with it.  We can only hope that the muted participation in the bubble is matched by the participation in the carnage.