Ero23

Monero's dwindling supply. $10k in 2019 scenario.

BITFINEX:XMRUSD   Monero / Đô la Mỹ
Sketch of an idea.
Bình luận: Made while sleep deprived. The effects of which are quite similar to inebriation.
Bình luận: "I am fond of telling the tale of the inventor of chess and his patron, the Emperor of China.

In response to the emperor’s offer of a reward for his new beloved game, the inventor asked for a single grain of rice on the first square, two on the second square, four on the third, and so on. The Emperor quickly granted this seemingly benign and humble request.

One version of the story has the emperor going bankrupt as the 63 doublings ultimately totaled 18 million trillion grains of rice. At ten grains of rice per square inch, this requires rice fields covering twice the surface area of the Earth, oceans included. Another version of the story has the inventor losing his head. " - R.Kurzweil
Bình luận: "It should be pointed out that as the emperor and the inventor went through the first half of the chess board, things were fairly uneventful," Kurzweil continues. "The inventor was given spoonfuls of rice, then bowls of rice, then barrels. By the end of the first half of the chess board, the inventor had accumulated one large field’s worth (4 billion grains), and the emperor did start to take notice."
Bình luận: To those wondering why Monero won't have the post 2013 bear market of BTC, Monero had no mt.gox and is appearing at a different point on the blockchain adoption curve. Things are moving faster and faster and faster.
Bình luận: Roger Ver, known as “Bitcoin Jesus” for his evangelical support of the currency during its early years… said his investment in Monero is “substantial” and his biggest in any virtual currency since bitcoin.
Bình luận: The correction down from $10k is worrisome. It might foreshadow major legislative action against Monero/private specific crypto.
Bình luận: Mid to late 2019 would correspond to the political drama going on in the White House. Perhaps a candidate will run on crypto and/or crypto will be a significant part of their platform. Who will it be!?
Bình luận: The market has taken off much faster than anticipated. We're approaching the top of the channel. It will be interesting to see how this develops.
Bình luận: It's not often you see price breakout of an exponential channel. Impressive!
Bình luận: Exciting times ahead for Crypto in 2018. I wouldn't be surprised if my chart was too pessimistic.
Bình luận: Beautiful Bullish momentum in Monero.
Bình luận: We are at the lower bound of the log trend line. History would indicate that xmr is at a bargain.
Bình luận: I had a feeling Monero was too cheaply priced by the market.
Bình luận: HAPPY BIRTHDAY!
Bình luận: Quoted for possible truth:

"It's not about HW wallets or anything, XMR is being price suppressed because big players are accumulating it big time. As someone said smart money is well aware of monero and they want to keep it as much as they can for themselves until inflation is low and they can mark the price way up

Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?

Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level

This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.

RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back. "
Bình luận: Channel hasn't broken yet. DCA time?
What's DCA?
Phản hồi
Ero23 vivano
@vivano, Dollar-cost averaging (DCA) is an investment technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. The investor purchases more shares when prices are low and fewer shares when prices are high.

The DCA technique does not guarantee that an investor won't lose money on investments. Rather, it is meant to allow investment over time instead of investment as a lump sum.

+1 Phản hồi
pbabkin vivano
@vivano, Dollar Cost Averaging, i guess
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I noticed something funny : looks like we are repeating the may->august period, call me crazy but we are in the last small decline like the one we had between mid-july->mid august before the big rise.
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+1
+1 Phản hồi
How does the upcoming MoneroV Fork impact your forecast?
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TraderT33 DakotaPrairie
@DakotaPrairie, there are already 4 monero-forks, none of them seem to have impacted price... Since moneroV also seems te bring nothing new to the table and thus seems to be an obvious try to moneygrab I would think that it won't impact price also...
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Ero23 TraderT33
@TraderT33, I dont plan on trading anything besides MONERO. All forks are as far as I can tell, total BS at best and outright SCAMS at worst.
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@Ero23, Totally and utterly Agree! More info (but you probably already read): https://bitcoinschannel.com/monerov-a-trap-laid-for-monero-users/

What are your thoughts about monero? Bottom in or more pain to come?

Thank you for your excellent charting btw!
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Ero23 TraderT33
@TraderT33, Hard to say but i would be dollar cost averaging.
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