Quote from: smooth on March 27, 2015, 09:12:57 AM

Quote from: rpietila on March 27, 2015, 06:59:59 AM

Quote from: Hueristic on March 26, 2015, 04:46:16 PM

Quote from: rpietila on March 26, 2015, 04:10:21 PM

Quote from: Hueristic on March 26, 2015, 04:01:08 PM

Guess I'll just have to wait for the next whale dump to get back in.

Whales are accumulating. The miners dump. I don't rule out a miner dump but in this environment with brisk demand that is pretty needless.

If I needed to sell 50k, it would not be hard to do. And if I needed to sell my produce, there would be no need to accumulate 50k before selling.

These are clearly evident in the recent days when lows have been rising quicker than the highs.

There will always be a whale dump to accumulate lower. You know this. Sometimes it will even cause panic selling. Wait didn't we just go through one of those?

I know many things, including that it takes about 3x overvaluation to be able to safely sell something and actually gain money whale scale. BTC has been in this situation 3 times during its history, I spotted all of them, in the first one actively refused to buy (bought later at $3), second one had time to sell for 1 day until it toppled and third one bought a castle. These I know. Monero has never been such overvalued.

I think it was 3x overvalued, and probably more than that when it was 0.01 and extremely immature with no track record. That was only for a short time, but long enough for me to sell more than once.

No this was not whale scale, but nothing about Monero is really, although that was the closest we got.

I agree. It would have been better if the price had stayed below 0.005 in June 2014, if only so that people didn't think a one week spike in price was representative of anything solid.