Post
Topic
Board Speculation (Altcoins)
Re: [AEON] Aeon Speculation
by
TechorMarketing
on 27/03/2016, 00:50:14 UTC
I would suggest taking a stop back and looking at the volume levels in the weekly chart. https://bitcoinwisdom.com/markets/poloniex/xmrbtc both in terms of XMR and the XBT. The volume numbers since February 2016 are consistently way higher by approximately a factor of 4 than the historical levels going back to 2014. This is indicative of a fundamental change in over the last two months.

To be honest, and you know I am the biggest Monero maximalist out there, it looks like our vertical ascent may have over-extended itself a tad.  I think it's not unthinkable we may face a consolidation/correction period where we bounce off some support.  When people in the Polo troll box start saying things like 'the Monero scam pump is over! ha ha' then you know we are ready to resume launch.

Bit early to say that IMO. We are at a very important level technically. Sure the ascent has been steep but there is no indication thus far that this run is over, though I would like to pick up a few k at a lower price than this.

What are you doing with your 440,000 aeon stash? Why are you not market making or pushing the market around in that smaller paddling pool?


Cross posting from XMR thread because I have seen this asked numerous times. If you do nothing and leave 400k Aeon on Bittrex you continue to subject yourself to the risk that your account or the exchange is hacked or otherwise collapses. Despite your prior comments that you plan to hold for the long term, some observers may worry about whale dumps when they look at the current Bittrex distribution chart.

Aeon is my second favorite CryptoNote coin and you are viewed as one of its leaders. It baffles me why you would not use proper cold storage for a stake so large of something you intend to hold long term.

If you need technical assistance there are many people who can help. Most of the Monero cold storage guides can easily be adapted for Aeon.