Quote from: sui_generis on October 05, 2016, 09:16:01 PM

Quote from: bitebits on October 05, 2016, 09:09:56 PM

Quote from: N-rG on October 05, 2016, 06:54:03 PM

Well my bot made some good shots so I own now thousands of cheap XMR's hehe Cheesy

The Campaign is over. For me it wont drop further, the bottom is made. And if it drops, i keep now bagholding.

First of all: I don't trade, but do speculate now and then.

From experience, maximum pain needs to be reached before going up again. We are not there yet IMHO, this could take weeks / months before a true bottom is reached. Especially when BTC starts to see some upward momentum at the same time.

Agreed. We haven't reached the "desperation" stage. You can identify that when people start making angry posts accusing Monero of being a scam, saying they lost all their money, etc. I think the trend will be negative until the release of RingCT in January. Even then, I don't think we'll see serious growth until the end of 2017. There's still a lot that needs to be done for Monero to be considered user friendly. In addition to user friendliness concerns, the coin emission is still quite high, about 7500 coins a day.

I remember I used to be very worried about the coin emission in 2014 and 2015 each time I was buying myself. And my worry back then was legitimate, it indeed increased the probability of the death of Monero. Now that issue is solved/solving day by day.
I think the emission is now fine and it is declining day by day. Given the current volumes even on the slowest days I think the emission is simply a drop in the ocean + a lot of smaller miners get only dust for their coins and therefore probably will not bother even to transfer those to the exchanges. That's the beauty of decentrilized coin like Monero: miners need so high price for the coin that is pays them off to move them (assuming no single entity owns a significiant part of network hash).

That being said, I have bids in the markets at prices I am willing to increase my stack just in case there are more sellers.
A lot of short positions are opened at the bottomish prices.
Currently there are only around 108 000 XMR in the Lending markets (used to be close to 300 000) which is a clear indication of increased buying pressure.
If the price goes down due to massive short positions, it is something one do not need to worry that much IMO. A shorter today is a buyer tomorrow. If Risto or someone whale like him comes here to proclaim: I dumped my Moneros, then I would be more worried.
Warz selling either is not something that I am worried despite the fact that he as a Norwegian plays with millions of dollars. Warz has always bought back at some point AFAIK.
My stand is bagholding from the beginning of 2016 because this year is the first year we can see some real growth, and I think the growth might accelerate because the emission is getting so tight and inflation is now at relatively reasonable level (bear in mind, only 5.5 million coins until the minimum block reward hits and the inflation is even lower than the inflation of euro).