[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 3 KB, 200x200, unnamed.png [View same] [iqdb] [saucenao] [google]
5019807 No.5019807 [Reply] [Original]

XMR cant seem to break through 300. It seems to hit that point and then drop to 250. Anyone been swing trading this? Think there might be some easy money. But monero is king and I dont want to get justd and sell now then watch it moon to neptune

>> No.5019980

Yah bro the 300 ceiling is real. But for how long?

>> No.5019990

You try to get at the KING, you get got

>> No.5020021

this shit can't go over 300, yesterday it went over 300 and i buy in at 308 expecting it to go 360 and goes back to the shitter of 290-298

>> No.5020091

>>5019807
Its 303 now asshole.

>> No.5020096
File: 81 KB, 1140x700, network_month.png [View same] [iqdb] [saucenao] [google]
5020096

Notice how there is a huge spike in hashrate right as XMR passed through $200.

You know what that is right? It's people renting AWS spot instances to mine XMR now that such a strategy is finally profitable. Anyone who mines like this will not be hodling or speculating, they'll be dumping for their 10% profit margin immediately, it's basically arbitrage.

>> No.5020175

If you guys did any research at all you would know this is one of the best coins to hole through 2018

>reducing fees by 80%
>real world use cases growing everyday
>in before just cp and drugs
>developing THEIR OWN VERSION OF TREZOR

Everytime some piece of shit like Pivx or Verge (fucking lol) shits the bed it proves monero's use case

This is a one of a kind coin, yall can do whatever you want XMR moons without you

>> No.5020184

>>5020096
is this actually profitable? like what type of costs, and is it GPU or CPU mining?

even if it is profitable, i'd assume aws would shut you down?

>> No.5020201

>>5020184
come to think of it, why isn't every supercomputer in the world mining asic-resistant coins right now?

>> No.5020206

>>5020175
strapped in at .018 senpai
ready for $500

>> No.5020270

>>5019807
The real pair to watch is XMR/BTC. The range is 0.014 / 0.03 since middle 2016. Check where we are...

>> No.5020290

>>5019807
I heard at $2xx dollars it become profitable to mine XMR on Amazon EC2-Instances.

>> No.5020308

fuck it i went all in, THE KING

>> No.5020390

I will get cucked by monero again?

>> No.5020420

>>5019807
Well that's obvious that's because Bitcoins not going up. Why do you think Monero goes up? Bitcoin laundering

>> No.5020457
File: 97 KB, 1000x667, shutterstock_172490-e1367950330385.jpg [View same] [iqdb] [saucenao] [google]
5020457

Pushing out of the low $300s like

>> No.5020490

whale here im pumping XMR right now
BUY BUY BUY

>> No.5020536

>>5020184

Yes it's profitable:

>hashrate with 10 c4.large instances running xmr-stak: 1,500h/s
>cost of 10 c4.large instances at spot rate: ~$0.16/h
>monero per hour: 0.00073
>price of monero ~$300
>0.00073 * 300 = $0.219
>???
>profit: $0.06 per hour

>> No.5020544

>>5020096
Not even close to profitable, even if XMR was $1000.

>> No.5020550

Why the fuck did I listen to /biz/? You retards have no fucking clue about this shit.

Monero has no reason to truly moon until Bitcoin has been dethroned. Enjoy your bagholding until then.

>> No.5020567

>>5019807
What the actual shit? Swing trading a slowly growing potential coin is the stupidest thing I heard so far - unironically I might add.
Just HODL, don't expect it to "moon to neptune" and maybe put some funds in high risk coin.

>> No.5020590

>>5020550
>no reason to moon
literally the best/only privacy coin
also its mooning right now

>> No.5020606

>>5020201
Because it's not profitable and mining crypto goes against most user agreements.

The supercomputers I use charge anything between 3 - 10 cents per cpu per hour. You won't break even at those prices.

>> No.5020610
File: 49 KB, 1197x425, Capture2.png [View same] [iqdb] [saucenao] [google]
5020610

>>5019807
>>5019980
>>5020021

>> No.5021322

i dont understand who is buying monero at like 330 dollars usd now there is no news no reason to buy at 330 and not at 250 like 12 hours ago, just so fucking bizarre

>> No.5021383

>>5021322
As opposed to what? Litecoin tripled in price for no reason at all. At least for Monero there are tons of stuff in the pipelines for 2018

>> No.5021443

>>5021322
The coin has actual use and therefore constant demand, people aren't just buying it for the hype.

>> No.5021549

>>5021383
>>5021443
as I said who would buy at 330 who didn't buy at 270 8 hours ago or 250 20 hours ago.

>> No.5021593

>>5021322
Not everyone buys coins just to sell them to someone at a higher price within a month

>> No.5021626

>>5021549
Laggards?

>> No.5021627

>>5021549
People who are buying from darkmarkets and laundering funds right now instead of 8 hours ago

>> No.5021673

>>5021627
least retarded answer i've got so far desu

>> No.5021910
File: 138 KB, 1326x652, fuckingtuxexchange.png [View same] [iqdb] [saucenao] [google]
5021910

>>5019807
Can the moon shine on the small exchange I'm on?

>> No.5022015

>>5019807
This is what growth looks like when there's no stupid money in it.

>> No.5022552

I'm buying, thank me for the mini pump

>> No.5022572

>>5022552
Road to 0.21 is on!

>> No.5022697

Right now in this market you're supposed to compare to the ETH value. This shit is actually losing value. Most good coins are keeping up with ETH.

>> No.5023226

>>5022697
Eth will go to the ground next time btc moons.

>> No.5023287

Why can't I withdraw my xmr from binance? Shits irritating

>> No.5023295

xmr and ltc seem to be syncronized making for nice parity exchanging among the two at the moment. not sure how long this will last but im keeping my eye on these two coins for sure

>> No.5023904

>>5023287
anyone else having issues? i thought i fucked up the withdraw but binance is just being shitty i think. been 3 hours waiting.

>> No.5024020

>>5019990
Shit Omar's coming yo

>> No.5024037

>>5024020
OMAR’S COMING

>> No.5024050

>>5024020
>>5024037
OMAR HERE

>> No.5024061

>>5024050
OH SHIT

>> No.5024091

>>5024061
Someone make a pic of Monero Omar coming and all the shitcoins running away

>> No.5024152

>>5021383
I hold LTC xmr last month :
LTC went 3x after stagnant period
XMR little over 2x, but it's comfy as fuck, while, LTC is fudded all the time and invaded by normies

>> No.5024177

>>5019807
>XMR cant seem to break through 300.
It's still very much tied to bitcoin. I think that as Monero continues to develop, it'll start to stand on its own a bit more.

>>5020550
>Monero has no reason to truly moon
It's the best anon crypto by a long shot. As long as that's the case there will always be volume.

>> No.5024227

>>5020201
Mine is.

>> No.5024900
File: 58 KB, 540x960, panjoot.jpg [View same] [iqdb] [saucenao] [google]
5024900

>>5024177
>tied to btc
>btc going down
>xmr up over 15% hitting $330

>> No.5024939

>>5023904
It physical won't let me begin the process. Did you withdraw xmr?

>> No.5025164

>>5019807
Why would you ever sell Monero? I thought everyone just hodled it for SHTF day.

>> No.5025926

>>5020096

hashrate spiked because nicehash got hacked and nicehash kiddies flocked to monero mining, whick is pretty stupid considering most of them use nvidia and it's not their best algo