Quote from: aminorex on August 31, 2017, 11:57:36 AM

Quote from: Hueristic on August 31, 2017, 12:13:14 AM

I think I'm gonna start using Gingers Bananas afa calling it, Does anyone have a clue why everytime it starts to take off it gets suppressed? you would think on these type spikes shorters would get crushed and fuel the spike but the bears seem to keep the lid on. Or am I missing something?

And there's not much time left to join!

https://bitcointalk.org/index.php?topic=1971415.0

'suppression' talk just makes you sound like a ~~historian~~ conspiracy theorist. I prefer to say that redistribution into stronger hands is the inevitable consequence of natural profit-taking. I will admit that I own considerably fewer xmr today than I did 2 years ago, the more fool I, and I would have thought mine to be among the strongest hands out there.

I have tried to get them all back with market making, but the heavy bias of the jump component to the upside and the relative neutrality of the diffusion component has made that very, very difficult to do without an awfully good timing indicator - better than anything I have been using, certainly. I need a little RangeDriver sitting on my shoulder.

Then there are cases like Risto....again, his should have been among the strongest of hands, but poor risk management devastated him (from what little I have heard of that conflicted drama).

And let's not forget those like TheKoziTwo, who have top-icked the spikes and scooped up in size when they were cheap, which also has a 'supression' effect (but really is just good market-making taken to a superlative extreme).

It is generally healthier to think of the market as being right by definition - like God, in that sense - even when it changes it's mind faster than a rooster on acid. When mcap is over 2bn and there is no facility for naked shorts it really does take both massive cojones and exquisite finesse to suppress and scoop profitably. I only wish I had such powers. I am happy, OTOH, to have higher morals - or at least enough respect for the difficulty and risk of the process to simulate higher morals.

As usual you articulate my thinking far more eloquently than I ever could, thanks for your thoughts on this and I agree it's nigh impossible to get back in at the point you left unless your a whale doing the manipulation or a seer!

Quote from: SilArt on August 31, 2017, 05:49:08 PM

The more I read about the crypto, the more I realize that it's about trust. Pick a project with very good tech basis (like Monero) and hold for many years and believe it it. And you will get rewarded.

Who needs zcash privacy when we have monero?

And this cannot be stressed enough with market caps this high it has to be Trustless as well as Decentralized! and fungability is just the Icing that makes this coin the crown jewel. When the rest of the world understands this there really will be no unreachable cap.

Quote from: babygun on August 31, 2017, 05:57:03 PM

Just bought my first monero after reading all the positive comments on here

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But also looked up some information about monero and it has some strong and unique features

Welcome and don't let the market scare you into dumping those coins, be here for the long haul to get rewarded.

Quote from: aminorex on August 31, 2017, 06:14:39 PM

Quote from: jwinterm on August 31, 2017, 05:53:22 PM

I doubt anyone at this point is holding more than 100-200k XMR, in which case the price would have to rise to $5-10k per coin to make them a paper billionaire.

I propose a tontine for holders of over 100k, who are willing to dox themselves.

I learned a new word today!

https://www.washingtonpost.com/news/wonk/wp/2015/09/28/this-sleazy-and-totally-illegal-savings-scheme-may-be-the-future-of-retirement/