Quote from: phoenix rises on December 31, 2016, 03:14:28 PM

Quote from: kurious on December 31, 2016, 12:53:01 PM

Quote from: TrueCryptonaire on December 31, 2016, 12:33:35 PM

Quote from: kurious on December 31, 2016, 12:21:09 PM

Quote from: TrueCryptonaire on December 31, 2016, 10:24:56 AM

Quote from: kurious on December 31, 2016, 10:03:08 AM

Nice price action - someone wants a lot of XMR....

I can't blame him/her.

I wonder if the same actor pumped and then sold - there were some large 4000 and 6000 buys and sells in there.

Of course I don't mind, it's nice to see 5% fluctuations in very short time periods - it means people keep an eye and there is good liquidity for large movers. It also means it's worth day trading and market making.

Also, I get to keep my stash level and still average down a little although the price is way above what my average buy is.

I wonder why would someone buy 10 000 xmr and a few minutes later sell them? Doesn't make any sense to me at least.
Sure it is nice to have some action but personally I would like to skip the dumping part of the action.
What if there was an entity or a combination of entities just hoarding all the Moneros from the markets and refuse to sell any of them? Those basically could make Monero great and bring the price of XMR to millions. After all, if the markets are liquid enough, there is no reason for a bitcoin maximalists to switch to Monero maximalism and dump all their bitcoins into the tiny XMR markets.

There weren't many on the sell side. Then, upon the rise up the sell side filled in under the price, also a bit of movement may have brought more money into increase the rise. Selling back may have upped the income from the move - hard to say of course, but it's possible.

As for making Monero great for us - why would anyone do that? I think the lack of coins available and the good liquidity means XMR is attractive and that is why we are at the top of the Alts tree.

Ending the year at this kind of level (comfortably over $10) is huge. Monero is a real contender and here to stay - anyone needing a balanced portfolio of crypto must have at least considered XMR and I have always thought another run to the ATH or more is lilkely for Spring 2017. What I did not think was we would end this year at this level - I am a happy Hodler*.

*Of course the unfortunate boating accident where I lost most of my XMR means I have far less than I did

I would speculate that is was the same person, testing the market to see where the supply and rdemand levels are, and shaking the tree a little in the process. The costs of the exploration (if any) are probably well worth it for the data gathered (not to mention that some of the trading will be into their own bids and offers)

just a little bit of probing before the next move ... Wink

I love your nick.
Monero is the Phoenix that rises from the ashes.
I hope there will be some fresh green candles and high level of liquidity so that even the bitcoin maximalists dare to invest into Monero.
I am thinking I could be a market maker when the price is high enough for me. Now to make markets is a risky business since the cost might be the loss of your coins unless you have a lot of coins (which I do not have).