[XMR] Monero Speculation

[CTTE]

Aha okay, thanks... RangeDriver, you there bro?  Paging RangeDriver Paging RangeDriver

~0.026 marks the 38.2% retraction and coincides with previous resistance.

That should be a pretty reliable floor if you're able to get in there.

Yeah, cool... thanks for reply.

I did get a little more IN today at about 0.028, but that's prob gonna be IT for me for this upcoming RUN (hopefully if it materializes, hope hope)

More what I'm wondering however is where to likely get OUT during this upcoming expected (??) frenzy triggered by the Korea promotion?

Aminorex said earlier in this thread that maybe he thought a peak about 060 was max we would see, so I'm tentatively thinking to be ready to get out around 050 or 045 just to be safe, leave a few chips on the table just trying to not be the patsy LOL

What do you think? 060-ish too high/low... and tentative timeframe for all this to play out before we stabilize (I'm guessing somewhere in $120-$150 range?)

I think it makes a big difference based on the btc price.  Even though btc just went up, the USD price of XMR stayed about the same while it dropped against btc.  I could be wrong but a massive change in btc's price will most likely affect whether we hit .06, .05 or even .04.  What would BTC/XMR price have to be if BTC were still at $500 in order to have Monero at $130?

I am choosing a target price in USD and if I want to buy or sell I will translate that into the BTC price.

 
 

[KeyJockey]

I am choosing a target price in USD and if I want to buy or sell I will translate that into the BTC price.

Yes, I should clarify what I wrote above was based on assuming BTC was still in the $4300 ballpark, i.e. number in my head still and that wasn't incorporating the $300-jump we saw just earlier today.  Certainly that might make a difference in the BTC denominated numbers LOL

And yes, XMR does seem to stay more closely aligned with it's steadily increasing DOLLAR-denominated value over the last few months, which is why my last point number was in dollars, i.e. stabilize somewhere around something like $150-ish after these "Reindeer Games" (LOL Aminorex) are all concluded.

Anyway I've been dinking around with just getting this all set up last couple days but I think everything's all teed-up now... barring any major surprise.

So make the popcorn, Gertrude!  The show's about to start!?!?

P.S. Is it just ME or anyone else bugged by the name of this Korean exchange...?  It's missing a damn "T" there!  I think it's supposed to be pronounced "Bit Thumb" but depending how you look at it to read it, it's actually either "Bi - Thumb" or "Bit - Hummb".... aaaagh!  LOL  

[saddambitcoin]

From what I understand, the "th" is pronounced as an S in Korean. So you would say "Bitsum".

[KeyJockey]

From what I understand, the "th" is pronounced as an S in Korean. So you would say "Bitsum".

Aha... okay, cool.  That's better then.  Thanks, now I can stop being annoyed by it LOL

Never ceases to amaze me the depth of knowledge & intelligence among participants in this thread: Monero community truly kicks ass

[minger1015]

Aha okay, thanks... RangeDriver, you there bro?  Paging RangeDriver Paging RangeDriver

~0.026 marks the 38.2% retraction and coincides with previous resistance.

That should be a pretty reliable floor if you're able to get in there.

Yeah, cool... thanks for reply.

I did get a little more IN today at about 0.028, but that's prob gonna be IT for me for this upcoming RUN (hopefully if it materializes, hope hope)

More what I'm wondering however is where to likely get OUT during this upcoming expected (??) frenzy triggered by the Korea promotion?

Aminorex said earlier in this thread that maybe he thought a peak about 060 was max we would see, so I'm tentatively thinking to be ready to get out around 050 or 045 just to be safe, leave a few chips on the table just trying to not be the patsy LOL

What do you think? 060-ish too high/low... and tentative timeframe for all this to play out before we stabilize (I'm guessing somewhere in $120-$150 range?)

Difficult to say right now. I wouldn't want to call it just yet.

Hey Keyjockey,

After reading your comment I am seriously interested to know since we have now stabilized at $130 and the sell walls are enormous how are you predicting 050-0.45 I cant even image 060.

What kind of time frame are you talking about 4-5 months. I dont even see us hitting 050 after the Korean Bithumb event.

Please elaborate.

[explorer]

https://www.reddit.com/r/Monero/comments/6v3b2g/psa_you_may_experience_some_transaction_delay_due/


wow....

what happened ?  why does it takes hours to confirm tx  in monero ?  do you realize Dash and Pivx confirm tx in split second ?

No coins have problems with transaction times if number of those dont increase.  Monero had them double this week compared to last month. And many many times more then 3 years ago. I know some coins have almost same in last 3 years.

Haha too true.  The bold is just a theory, really.  Once they have a transaction, they will be able to confirm 

[KeyJockey]

Hey Keyjockey,

After reading your comment I am seriously interested to know since we have now stabilized at $130 and the sell walls are enormous how are you predicting 050-0.45 I cant even image 060.

What kind of time frame are you talking about 4-5 months. I dont even see us hitting 050 after the Korean Bithumb event.

Please elaborate.

Ha, no man... you misunderstood my whole gestalt: go back and read some of my earlier posts.

I'm not predicting anything and I'm actually NOT a "trader" but 99.5% just a HODL'er for a LONG time!  The vast majority of my stash is just sitting in long term cold storage, has been for a LONG time, and that's where it'll stay.

On the contrary I'm just caught up in all the hype/excitement lately due to this KOREA "event" stuff.

I've temporarily flipped some other coins that I don't care much about (i.e. if they end up being lost I won't cry too hard) into MORE MONERO -- just in case all the crazy predictions of $500+ per XMR really do happen, somehow, sometime soon.  IF the Koreans really CAN drive it up like this, as some are saying.

But if not?  Man, I'm totally HAPPY where we are already now.

$130-$140 is GREAT!!  If you asked me a month ago I would've said we shouldn't expect this level until at least after Christmas!

So, no: all this right now...?  This Is Fine!

But IF it keeps going?  Even better!  And I'm doing my part to maybe help it along by buying a little MORE too

P.S. One thing for sure I've learned in 4+ years of being a crypto HODL'er is that ya gotta expect the unexpected, big time.  Nobody knows what will happen in anything in this space and the more you think you know the more you'll be surprised by what actually comes.

So, yeah, no, I'm not "expecting" $500 per Monero tomorrow but actually IF it happens?  I won't really be all THAT surprised either... LOL

[explorer]

Aha okay, thanks... RangeDriver, you there bro?  Paging RangeDriver Paging RangeDriver

~0.026 marks the 38.2% retraction and coincides with previous resistance.

That should be a pretty reliable floor if you're able to get in there.

Yeah, cool... thanks for reply.

I did get a little more IN today at about 0.028, but that's prob gonna be IT for me for this upcoming RUN (hopefully if it materializes, hope hope)

More what I'm wondering however is where to likely get OUT during this upcoming expected (??) frenzy triggered by the Korea promotion?

Aminorex said earlier in this thread that maybe he thought a peak about 060 was max we would see, so I'm tentatively thinking to be ready to get out around 050 or 045 just to be safe, leave a few chips on the table just trying to not be the patsy LOL

What do you think? 060-ish too high/low... and tentative timeframe for all this to play out before we stabilize (I'm guessing somewhere in $120-$150 range?)

Difficult to say right now. I wouldn't want to call it just yet.

Hey Keyjockey,

After reading your comment I am seriously interested to know since we have now stabilized at $130 and the sell walls are enormous how are you predicting 050-0.45 I cant even image 060.

What kind of time frame are you talking about 4-5 months. I dont even see us hitting 050 after the Korean Bithumb event.

Please elaborate.

Bear in mind that those 'enormous sell walls' will either be eaten rapidly, or pulled when the frenzy starts.  A year ago polo did over 6 million xmr in a day.  So even factoring USD price, its still a lot more than the enourmous sell walls we see now.

[libertad]

m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html]https://www.c[Suspicious link removed]m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html

...criminals are "looking more closely at other currencies like monero and ethereum."

[owlcatz]

m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html]https://www.c[Suspicious link removed]m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html

...criminals are "looking more closely at other currencies like monero and ethereum."

This is nothing new at all. Bitcoin is very traceable, so yeah, why not try other stuff?

[libertad]

m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html]https://www.c[Suspicious link removed]m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html

...criminals are "looking more closely at other currencies like monero and ethereum."

This is nothing new at all. Bitcoin is very traceable, so yeah, why not try other stuff?

What's new is that it's becoming more evident to those that need it most. The full realization of this has yet to be put into practice at the scale it should be at.

[owlcatz]

m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html]https://www.c[Suspicious link removed]m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html

...criminals are "looking more closely at other currencies like monero and ethereum."

This is nothing new at all. Bitcoin is very traceable, so yeah, why not try other stuff?

What's new is that it's becoming more evident to those that need it most. The full realization of this has yet to be put into practice at the scale it should be at.

True.. This is why a lot of us have been here for quite some time already, so it's just nothing new to a lot of us, sorry!  

[libertad]

m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html]https://www.c[Suspicious link removed]m/2017/08/29/dark-web-finds-bitcoin-increasingly-more-of-a-problem-than-a-help-tries-other-digital-currencies.html

...criminals are "looking more closely at other currencies like monero and ethereum."

This is nothing new at all. Bitcoin is very traceable, so yeah, why not try other stuff?

What's new is that it's becoming more evident to those that need it most. The full realization of this has yet to be put into practice at the scale it should be at.

True.. This is why a lot of us have been here for quite some time already, so it's just nothing new to a lot of us, sorry!  

Indeed

[elrippos friend]

I'm ready for wave 3 - is anybody with me? 

Wave three will dip down below 0,026 

[elrippos friend]

Aha okay, thanks... RangeDriver, you there bro?  Paging RangeDriver Paging RangeDriver

~0.026 marks the 38.2% retraction and coincides with previous resistance.

That should be a pretty reliable floor if you're able to get in there.

I think we will dip below 0,026 

[aminorex]

Aha okay, thanks... RangeDriver, you there bro?  Paging RangeDriver Paging RangeDriver

~0.026 marks the 38.2% retraction and coincides with previous resistance.

That should be a pretty reliable floor if you're able to get in there.

I think we will dip below 0,026 

If so, I shall be very, very happy to buy them.

[wareen]

Aha okay, thanks... RangeDriver, you there bro?  Paging RangeDriver Paging RangeDriver

~0.026 marks the 38.2% retraction and coincides with previous resistance.

That should be a pretty reliable floor if you're able to get in there.

I think we will dip below 0,026 

If so, I shall be very, very happy to buy them.

If Monero can drop down under that price, I will comeback margin trade and putting all my money, lol !
I do not think Monero can dip below 0,02 BTC again like earlier of this year.

[TMAN]

I can see 0.04 incoming this weekend, Korea is likely to go mental on XMR then - sell pressure has dropped drastically on western exchanges, whales are filling bags - this will be ETH 2.0 we may even see 0.05 this weekend,

[amaral1977]

Aha okay, thanks... RangeDriver, you there bro?  Paging RangeDriver Paging RangeDriver

~0.026 marks the 38.2% retraction and coincides with previous resistance.

That should be a pretty reliable floor if you're able to get in there.

I think we will dip below 0,026 

If so, I shall be very, very happy to buy them.

If Monero can drop down under that price, I will comeback margin trade and putting all my money, lol !
I do not think Monero can dip below 0,02 BTC again like earlier of this year.

I remember someone sayng here that it would be impossible to see monero bellow 0.015 again. and it did for several weeks. At that time it seemed very reallistic to see monero hold above 0.015 as it seems reallistic to see it hold 0.02 now...

[johnalan]

Aha okay, thanks... RangeDriver, you there bro?  Paging RangeDriver Paging RangeDriver

~0.026 marks the 38.2% retraction and coincides with previous resistance.

That should be a pretty reliable floor if you're able to get in there.

I think we will dip below 0,026 

If so, I shall be very, very happy to buy them.

Aminorex - I'm an avid reader of your thoughts

What do you make of the comments voiced here:

https://www.reddit.com/r/xmrtrader/comments/6wxh7e/why_i_sold_mine_now/

Are you still expecting 200 by Oct, 1K by March?

Seems very bullish