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I find it a bit "weird", a big Korean pump on Monero exactly a few hours before a Chinese rumor about Bitcoin.
Also, don't you think it might be interesting for Monero if China were to "ban" Bitcoin? The Chinese would need an anonymous currency to keep their assets out of governments sight.
Also, don't you think it might be interesting for Monero if China were to "ban" Bitcoin? The Chinese would need an anonymous currency to keep their assets out of governments sight.
"Ledger Hardware Wallet - Monero integration started"
https://www.reddit.com/r/Monero/comments/6y2kcf/ledger_hardware_wallet_monero_integration_started/
https://www.reddit.com/r/Monero/comments/6y2kcf/ledger_hardware_wallet_monero_integration_started/
Seems Monero will see some magical months now. So many things lined up till Christmas.
Agreed a hardware wallet opens XMR to a totally new class of high net worth investor.
This is fucking huge.
indeed this is huge, but is there a time frame? days , weeks , months ?
No timeframe but I'd be surprised if it was much before December.
This was posted in last Dev meeting:
https://forum.getmonero.org/7/open-tasks/88160/monero-firmware-for-ledger-wallet
So it would be only one guy working on it part time and out in march.
I went close to $5 on a sell order when we reached ATH. Could have bought a bunch of new XMR now if I hadn't been too greedy/optimistic in the first place.
Also we are still very attached to daddy BTC. When he sneezes, we dip.
Anyway, it's all new for me and it was very interesting to watch. Glad it's over, it was getting painful too.
It ain't over, matey-boy.Also we are still very attached to daddy BTC. When he sneezes, we dip.
Anyway, it's all new for me and it was very interesting to watch. Glad it's over, it was getting painful too.
Yep, Bithumb event is over. You can check your Korean time.
I went close to $5 on a sell order when we reached ATH. Could have bought a bunch of new XMR now if I hadn't been too greedy/optimistic in the first place.
Also we are still very attached to daddy BTC. When he sneezes, we dip.
Anyway, it's all new for me and it was very interesting to watch. Glad it's over, it was getting painful too.
Also we are still very attached to daddy BTC. When he sneezes, we dip.
Anyway, it's all new for me and it was very interesting to watch. Glad it's over, it was getting painful too.
..however in my scenario I am going thru personal issues where I would be needing an exit...
ffs seriously? If youve got personal issues only you can make that judgement. No person or system can advise you.
Listen child, nobody was asking you anything. I am just asking for a prediction in price for end of September.
Personal issues where it seems I might have to go out of holding my monero. Take your crap elsewhere, either you contribute something of value or just tone it down pick up a book learn how to read and that would benefit you alot more then coming out here and talking smack.
says the toxic guy losing all his credibility as he is talking smack every once in a while and is entering a thread he aint even interested in. Get lost shadowboy or whatever shill you were
Goodbye: Used to express good wishes when parting or at the end of a conversation.
Why are you still here?
In my opinion...monero price ideally is BTC price. Coin in circulation is roughly the same as BTC. BTC and monero both is competitor in crypto. If it is reach BTC it is mean it reach its highest price. for the moment
This.
Anyone who thinks that a prediction of 0.7 and 0.75 is ludicrous (even on the short-term) simply doesn't understand the Monero phenomenon; what's going on right now, what's just about to happen, both in terms of its technology, economics, community, and underlying politics. There's only a finite amount of times you can say this before you realise that a certain number of people are never really going to get it.
I've found that the misunderstanding is most prevalent in a minority of minds who don't have the necessary perceptive skills to visualise a landscape any different from what's been given to them - particularly in reference to the inertia of BTC maximalism (which is rapidly going out of fashion.)
If you think we're currently at the top of a 'pump' then you may well belong to this minority. To reiterate as firmly as I can: This is the middle of an upward correction to the 4-6 billion area. This correction will turn violent and swift - all it is waiting for is the suitable trigger.
Whether you get caught with your pants down is up to you.
Hi Rangedriver, what would you consider a "suitable trigger"?
koreans have another 24h till 2nd event ends. They might dump after it or just about around end time of that event -> just to make another bunch of trades which will counts to total score.
dip could be impressive, but will not last for long imo
dip could be impressive, but will not last for long imo
I am predicting below 0,024 on Monday
I highly doubt so, call me bullish but I doubt so!
Same, I think yesterday was a bad day but we are back on track and we'll have 2-3 gorgeous days, possibly.
I am a little bit disapointed. Finally nothing happens. Yet. Maybe later...
I don't know what to do...
I don't know what to do...
a dump will happen
Don't you think they do one last pump to sell all accumulated XMR + make profit with the 100XMR prize?
if they can pump it up. pumping would have happened already
Give me one good reason to pump now and not later?
EDIT: Nevermind, market is doomed this weekend. Bad timing. I hope we will reach a nice little bottom so I can buy more.
I am a little bit disapointed. Finally nothing happens. Yet. Maybe later...
I don't know what to do...
I don't know what to do...
a dump will happen
Don't you think they do one last pump to sell all accumulated XMR + make profit with the 100XMR prize?
LOL!
Thats funny!
Now realistically do you think when the Koreans are up we might hit $200? Seems like they are taking it nice and slow probably cause its 3AM there now.
What are your thoughts honestly/seriously?
why it matters? if you hodling - doesnt matter if it will be 200 or 158
if you are trader ANY price can make you profit...
I still don't get this kind of questions .... 200? for sure, when? dunno in hour in day .... doesnt matter
He is probably trying to day trade as I do. $200 pump now is pretty sure to dump later compared to a steady natural growth. I have put 3 sell stops to cash out this weekend up to $200
So that's what I am hoping for. I wish I could watch how those whales proceed, just one time in my life. Sit in their office or bedroom or whatever place they use to trade and observe.
(I'd be happy to swim with real whales in the ocean too, but this is another story.)
(I'd be happy to swim with real whales in the ocean too, but this is another story.)
Can someone help me understand how BTC price impacts XMR price? I am completely unaware of the correlation. Is a high price good or bad short term (for this weekend)? 
Really hope to cash on the action this time as I didn't during the first event
Really hope to cash on the action this time as I didn't during the first event
So the retraction didn't quite hit the 38.2% mark which is an extremely bullish sign.
Right now we're heading back up to the 0.034-0.035 area where we'll likely encounter some mild resistance, but once through that, we should smash through the ATH with relative ease.
Therefore: I'm gonna go slightly higher than aminorex's prediction of 0.06 and call it somewhere between 0.070 and 0.075.
Good luck everybody and fasten your seatbelts.
Right now we're heading back up to the 0.034-0.035 area where we'll likely encounter some mild resistance, but once through that, we should smash through the ATH with relative ease.
Therefore: I'm gonna go slightly higher than aminorex's prediction of 0.06 and call it somewhere between 0.070 and 0.075.
Good luck everybody and fasten your seatbelts.
My oh my...
(EDIT: question about timeframe answered above)
Need some advice:
I haven't cashed out on any wave since we got on Bithumb and this time I'd like to sell when it hits some ATH to buy back lower.
How do you guys proceed? Do you go all-in when it hits high or so you do sell at some steps?
https://www.reddit.com/r/Monero/comments/6v3b2g/psa_you_may_experience_some_transaction_delay_due/
wow....
what happened ? why does it takes hours to confirm tx in monero ? do you realize Dash and Pivx confirm tx in split second ?
wow....
what happened ? why does it takes hours to confirm tx in monero ? do you realize Dash and Pivx confirm tx in split second ?
From my understanding there is a progressive scaling implemented but not ready for such a sudden hype.
Also, I am willing to wait a bit longer or pay a slightly higher fee to keep my transactions 200% private.
I feel like this steady growth (pumps and then new higher supports) is an indication that Monero is not yet "overvalued". Now people should learn about the fundamentals and start using it as a store value and/or for purchases.
I see a bright future...
I see a bright future...
Yo yo yo, Mike Cryptobrant here, a newcomer to this gigantic topic...
...(some other text in here)...
...mooning and never coming back...
That right there you wrote at the end is the main thing in CRYPTO, that makes all the short term trading stuff ultimately kind of pointless IMHO.
Sooner or later that'll gitcha and -- looking back -- you'll conclude it would've been better to just HODL and save yourself the headaches.
Others here, of course, will disagree and say you can make more trading the mini swings (like how real pros like Aminorex and Rangedriver, etc do it) but it seems more like an ART to me and not really any kind of science. Or gambling, LOL. Some people are just lucky
You made the point. Long term holding and converting fiat when it's possible is a much safer strategy for a non-gambler like me...
Yo yo yo, Mike Cryptobrant here, a newcomer to this gigantic topic!
Some may have crossed my path on the Monero's subreddits, I have been kind of active there this past month.
I'm a newcomer, I met Monero a month ago and it was love at first sight. I invested some fiat in it, as an investment and not for trading, because I don't have the skills nor the balls to trade (and because Monero means so much more than that to me.)
But with all the hype and the crazy Korean market, I've been trying to elaborate some easy strategies with a friend on how to cash in on the pumps and dumps. Just because we need more Moneroj!!! More more more!
As I told you, I am a noob. I hate gambling, I easily Fomo, I find no pleasure nor adrenaline in doing this. I just want to ride the biggest waves while it's time.
I don't know anything about charts except for the most basic concepts and indicators. With my friend we have elaborated a kind of a checklist to know when to sell before a dump. We have benchmarked it a few times, it worked every time. We wanted to put it in action today and sold some XMR but we FOMOd as fuck because the trend took some time to clearly reverse and we, stupid, just read the price changes on a 30 seconds basis.
As a result we won about $0.50 because we just wanted our Moneroj back. Had we waited 1h30 more, it would have been enough profit to buy a new XMR.
Well... you learn from mistakes everyday.
Here is our strategy. The goal here is to learn a bit about what is good and what isn't in this - I believe very conservative - strategy:
We use 3 indicators:
- MACD
- RSI
- PSAR
We have decided that we needed a green light from all of them to move.
Here is the kind of chart I use:
https://www.tradingview.com/chart/6ZUGoUVJ/
Before the action:
- RSI must be Overbought
- MACD must have been over the signal for a good amount of time.
- PSAR shows bullish trend (there are dots under the candlesticks.)
When action starts to kick:
- On the 5m chart, MACD is crossing signal from above.
- RSI is no longer overbought and is on a downward trend.
Then we switch to 15m chart to check that the trend reversal we spotted on the 5m chart is kicking in. Usually, if those signals were not just short term, MACD is gonna cross the signal too.
At this stage we have a 15m chart with:
- RSI is no longer overbought and not so close to the top anymore.
- PSAR has inverted, we now see a new dot over the last candle, meaning that the trend is bearish.
- Last but not least, MACD has crossed signal.
Time to sell.
From our simulations, it's a bit conservative because it could be possible to sell at a bit higher price when the bearish trend starts on the 5m chart, but we prefer taking the least risks.
What is your opinion on this very basic strategy?
We are so scared to see a sudden reverse of trend. Monero mooning and never coming back... (fomo, I told you.)
Thanks and can't wait to see what happens next day!
Some may have crossed my path on the Monero's subreddits, I have been kind of active there this past month.
I'm a newcomer, I met Monero a month ago and it was love at first sight. I invested some fiat in it, as an investment and not for trading, because I don't have the skills nor the balls to trade (and because Monero means so much more than that to me.)
But with all the hype and the crazy Korean market, I've been trying to elaborate some easy strategies with a friend on how to cash in on the pumps and dumps. Just because we need more Moneroj!!! More more more!
As I told you, I am a noob. I hate gambling, I easily Fomo, I find no pleasure nor adrenaline in doing this. I just want to ride the biggest waves while it's time.
I don't know anything about charts except for the most basic concepts and indicators. With my friend we have elaborated a kind of a checklist to know when to sell before a dump. We have benchmarked it a few times, it worked every time. We wanted to put it in action today and sold some XMR but we FOMOd as fuck because the trend took some time to clearly reverse and we, stupid, just read the price changes on a 30 seconds basis.
As a result we won about $0.50 because we just wanted our Moneroj back. Had we waited 1h30 more, it would have been enough profit to buy a new XMR.
Well... you learn from mistakes everyday.
Here is our strategy. The goal here is to learn a bit about what is good and what isn't in this - I believe very conservative - strategy:
We use 3 indicators:
- MACD
- RSI
- PSAR
We have decided that we needed a green light from all of them to move.
Here is the kind of chart I use:
https://www.tradingview.com/chart/6ZUGoUVJ/
Before the action:
- RSI must be Overbought
- MACD must have been over the signal for a good amount of time.
- PSAR shows bullish trend (there are dots under the candlesticks.)
When action starts to kick:
- On the 5m chart, MACD is crossing signal from above.
- RSI is no longer overbought and is on a downward trend.
Then we switch to 15m chart to check that the trend reversal we spotted on the 5m chart is kicking in. Usually, if those signals were not just short term, MACD is gonna cross the signal too.
At this stage we have a 15m chart with:
- RSI is no longer overbought and not so close to the top anymore.
- PSAR has inverted, we now see a new dot over the last candle, meaning that the trend is bearish.
- Last but not least, MACD has crossed signal.
Time to sell.
From our simulations, it's a bit conservative because it could be possible to sell at a bit higher price when the bearish trend starts on the 5m chart, but we prefer taking the least risks.
What is your opinion on this very basic strategy?
We are so scared to see a sudden reverse of trend. Monero mooning and never coming back... (fomo, I told you.)
Thanks and can't wait to see what happens next day!
well ... u said u don't like adrenaline behind, but what you are doing is all about it.
over the years Iam around cryptos I found it very relaxing, but 5min trading is just stupid idea and mostly held by bots. All your so called profit will be eaten by exchange fees most of the time, because u r gambling on very very small waves.
Best strategy (besides here very common hodling) is to do smart short-mid term investments together with long ones.
It really does not that matter if you start with 1000 or 100. It's only about percentage. If you make 20% rebuy later when drop kicks in. Or move to another alt if current is on top.
repeat
profit
I do daytrade, time to time, but MOST of the cases my daytrade is about riding bigger waves. I do not really care if I catch very top or very bottom, I just care about to be in good profit. If I'm not - I'm not going in/out. Don't care if I miss that or that train... there is so many of them, and ALWAYS that train will come back eventually.
I think your approach is overcomplicated with too much effort in it, but if it works for you, go for it
Thank you for your input. But how do you know to catch a wave? How do you know when it's a pump and dump?