Quote from: luigi1111 on August 24, 2016, 04:37:16 PM

Quote from: elrippo on August 24, 2016, 04:08:30 PM

Quote from: nanobrain on August 24, 2016, 11:28:20 AM

Quote from: elrippo on August 24, 2016, 10:28:15 AM

Quote from: rpietila on August 24, 2016, 10:18:53 AM

Quote from: smoothie on August 24, 2016, 07:31:47 AM

Quote from: elrippo on August 24, 2016, 05:07:41 AM

So, this artificial pump is over in a few days and XMR will have time to consolidate until December back to 0.0018 - 0.0024
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly Grin

How is it artificial?

Care to provide proof of your claims?

Well it sure looked special, turning half of the existing XMR in 24 hours. Reminds me of the Mintpal pump.

That said, I believe much good was achieved regardless of anything. It is possible that this was the first real upleg. Or even if we fall back, I believe 420k will now be a strong support. Even going to 180-240k, nothing new there. Not many thought it possible to revisit 100k, yet even that happened!

The game is about how many you own and can keep in your possession. If you own 1000 BTC, you are well positioned, but it is expensive to gain that position if you start now. If you owned 1000 BTC five years ago, it is equally good as 1000 BTC now, only if you have managed to keep it from theft, hack, taxman, your own mistakes in storage, and most importantly from your urge to sell.

Many reading this have 1000 XMR, or even much more. In five years, or less, it might have equal value as 1000 BTC now. Statistically, an extremely small fraction of people manage to do it, though.

I believe it's prudent to budget in advance that half of the remaining coins are lost, every time the price rises x10. So the ones who wish to have the coveted 1000 XMR when the price hits $5k, should buy 10k now.

Hmm... it seems that XMR is more mature now than BTC when I heard of it. It has 50 times higher market cap as well...

Not much to add here. Why i believe this is an artificial pump by a marketmaker, is well explained by Risto already.
Since XMR gained nearly 300% in value in a few days and seeing 100btc buywalls at 0,0080 on polo, i honestly can not believe in "natural" growth.
The fallback will probably be as fast and deep as the upleg.

You seem to be interpreting Risto's post very strangely -- verging on fantasy even.

Risto is drawing the parallel to BTC in 2011 ie a pullback is still possible before another exponential increase. He advises the complete opposite of what you propose ie buy and hold rather than trade your holding away.

And as Febo states, even your figures are wrong.

Everbody reads what he likes to read, so nothing new to me. Interpret the writing as you like, regardless if it's Ristos or mine.
My Figures are not wrong, weeks are filled with days, but i do not want to argue about peanuts.

If it smells like a Marketmakerpump, it tends to be a Marketmakerpump Grin

Your figures are wrong. If you don't want to argue/defend them, correct them. A few days != a few weeks. Also, when using "gained", you should reference the correct number -- that is, 200%, not 300%. 0.003 -> 0.009 is a 200% gain.

Of course there's a lot of irrational exuberance. There always is on large price rises. Trying to be a "voice of reason" while utilizing falsehoods is counterproductive, however.

I am in no need to argue about this. You are 100% right, i made a mistake. (I do not want to waste my time in arguing about this)
Well, when people say MOON, Rocket starting, the Darknet buys Monero now and so on, that's all a very optimistic sight of what is actually happening. Like mentioned a few posts earlier to this, insider information, large bags of BTC to play with, manipulating some markets --> plural (did you watch the other noname coins yesterday), is obvious.

Of course i also would like to see XMR beeing the #1 cyrpto in the world used by everybody to do what everybody likes, but that is not the case, yet.
This IS manipulation, maybe the cashout of the bitfinex hack, and that is obvious. If you tell me this is "natural" growth of XMR, i would like to discus your arguments guys Shocked