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Topic: [XMR] Monero Speculation - page 1474. (Read 3313786 times)

legendary
Activity: 1442
Merit: 1000
Antifragile
March 10, 2016, 03:43:51 PM

Triangle closing in less than 24h. Which direction? Violins?

I say with the violins of the apocalypse and inclined to the downside... but I would love upperside

And BTC has a huge triangle that is closing and it looks like it might break up and out. Fingers are crossed for us, but I guess down due to BTC going up. (if)
legendary
Activity: 981
Merit: 1005
No maps for these territories
March 10, 2016, 03:36:03 PM
Risto, could I ask if you were one of the yesterday whales?

If not, could you bring us your analisys of the event?
hero member
Activity: 686
Merit: 500
March 10, 2016, 03:27:04 PM
Is it a sure sign of becoming insane when you start to enjoy the TrueCryptonaire postings?  Undecided

I'm asking myself this question as well since some time.
I've put my definite answer on hold, waiting for him to switch to whatever direction is opposite to mine. (so basically, when he becomes uber-ultra-bearish).
I speculate I'll enjoy less then.


This meta speculation is becoming too much for me to bear.

I recommend you use TrueCryptonaire as a form of entertainment and nothing more. I like the bipolar comedy but will never make decisions based on it.
legendary
Activity: 1105
Merit: 1000
March 10, 2016, 03:04:31 PM
Is it a sure sign of becoming insane when you start to enjoy the TrueCryptonaire postings?  Undecided

I'm asking myself this question as well since some time.
I've put my definite answer on hold, waiting for him to switch to whatever direction is opposite to mine. (so basically, when he becomes uber-ultra-bearish).
I speculate I'll enjoy less then.


This meta speculation is becoming too much for me to bear.
legendary
Activity: 1512
Merit: 1012
Still wild and free
March 10, 2016, 02:47:59 PM
Is it a sure sign of becoming insane when you start to enjoy the TrueCryptonaire postings?  Undecided

I'm asking myself this question as well since some time.
I've put my definite answer on hold, waiting for him to switch to whatever direction is opposite to mine. (so basically, when he becomes uber-ultra-bearish).
I speculate I'll enjoy less then.
legendary
Activity: 1256
Merit: 1009
March 10, 2016, 02:31:09 PM
Someone borrowed 1300 quite a while back @ .1 and they've racked up 16XMR
hero member
Activity: 714
Merit: 504
March 10, 2016, 02:29:05 PM
Enjoying them is one thing. Taking advice from them is quite another.
donator
Activity: 1722
Merit: 1036
March 10, 2016, 02:27:17 PM
Is it a sure sign of becoming insane when you start to enjoy the TrueCryptonaire postings?  Undecided
legendary
Activity: 1092
Merit: 1000
March 10, 2016, 02:17:29 PM
Triangle looks slightly bearish indeed but who cares. Anyway the price movements seems to be pretty sticky. Also Monero likes  to rise on weekends. Monero simply hates being this cheap because the low price might trick some people thinking thks is crab and ignoring the good features of this Princess.
member
Activity: 78
Merit: 10
March 10, 2016, 02:14:00 PM
Yes Bitcoin is not dying and if it did this wouldn't be very good. I think the real competition is for the #2 spot.

You can see currently we are in the 10th spot which from my memory shows we have been bumped up a few spots fairly recently since I remember we used to be like 17. but still have a long way to go, and makes me wonder why coins like made safe, dodge, dash and the #2 eth are all currently far ahead in market cap.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
March 10, 2016, 02:01:25 PM
Hey guys, did anyone actually not read the entirety of this poll and vote for monero?

https://bitcointalksearch.org/topic/poll-which-crypto-do-you-feel-is-the-biggest-scam-revised-4-accuracy-1391752

That OP suddenly changed the poll title...

Needs to be deleted then.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
March 10, 2016, 01:58:02 PM
Triangle closing in less than 24h. Which direction? Violins?

I say with the violins of the apocalypse and inclined to the downside... but I would love upperside

Low volume price decline based on a few dumps / people taking profit after the recent rise. Not impressed, but indeed it looks like it could go down further before more resistance is met.
legendary
Activity: 2268
Merit: 1141
March 10, 2016, 01:54:08 PM
Hey guys, did anyone actually not read the entirety of this poll and vote for monero?

https://bitcointalksearch.org/topic/poll-which-crypto-do-you-feel-is-the-biggest-scam-revised-4-accuracy-1391752

That OP suddenly changed the poll title...
legendary
Activity: 981
Merit: 1005
No maps for these territories
March 10, 2016, 01:49:41 PM


Triangle closing in less than 24h. Which direction? Violins?

I say with the violins of the apocalypse and inclined to the downside... but I would love upperside
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
March 10, 2016, 01:44:36 PM
Hey guys, did anyone actually not read the entirety of this poll and vote for monero?

https://bitcointalksearch.org/topic/poll-which-crypto-do-you-feel-is-the-biggest-scam-revised-4-accuracy-1391752
legendary
Activity: 2268
Merit: 1141
March 10, 2016, 01:38:35 PM
I was satirical. My honest opinion is that bitcoin is not dying, that it won't be replaced, and if it did happen it would be a disaster for the cryptocurrency space. All coins would suffer tremendously if it takes that little for the next coin to come along and replace current. A lot of faith would be lost.

Monero is what I look at as a complementary currency.


Agree. I think what a lot of alt-coin folks fail to appreciate is the potential disaster to the entire ecosystem if Bitcoin falls from dominance - it puts the validity of the crypto-scarcity idea itself into play for the first time.

This is also why I think Bitcoin's blocksize-limit absurdity is so dangerous. By potentially becoming high-fee on-chain, Bitcoin is handing a whole bucket of Bitcoin's key transactional (ie, use-as-money) use-cases to alts for the first time. Demand for cheap high-security tx will be met one way or another...

That demand can easily be met by Bitcoin if various parts of the community would get their heads out of their asses. And if not met by Bitcoin, that demand will clearly be met by something else. That something else will obviously gain a good deal of value, both from the transactional flow itself, and some speculation layered on top of that. But if it seriously looks like bitcoin could fall, the long-term crypto store-of-value thesis can easily be said to have serious flaws, and that'll strip away the store-of-value speculative premium from the *entire* crypto space. And since wealth storage and gold-like use-cases are *by far* crypto's biggest potential in terms of driving market-cap, it could be a huge shock if that speculative premium disappears from the space. I think this is what many people wishing for their alt-of-choice to overtake Bitcoin fail to fully understand.


FWIW, I also agree that Monero can be a nice complement to Bitcoin, should Bitcoin remain #1.

maybe, maybe not:

Did people not create social accounts anymore after myspace died?
After all, it's an effort/investment to keep your profile up to date...

Maybe not the best comparison, but I don't think a dethroning of BTC would be bad in the long run.

Lately I am inclined to think it depends on the reason BTC gets dethroned (if ever). If it's stagnation caused by a certain group whom easily can be pointed out (i.e. it is obvious which group is responsible for the stagnation), it might not even have that big of a deterimental effect on the whole cryptocurrency atmosphere. However, if BTC gets dethroned for another reason (e.g. it is going full-steam ahead, but overtaken due to possibly inferior tech) than I agree with your statement.
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
March 10, 2016, 01:31:28 PM
I was satirical. My honest opinion is that bitcoin is not dying, that it won't be replaced, and if it did happen it would be a disaster for the cryptocurrency space. All coins would suffer tremendously if it takes that little for the next coin to come along and replace current. A lot of faith would be lost.

Monero is what I look at as a complementary currency.


Agree. I think what a lot of alt-coin folks fail to appreciate is the potential disaster to the entire ecosystem if Bitcoin falls from dominance - it puts the validity of the crypto-scarcity idea itself into play for the first time.

This is also why I think Bitcoin's blocksize-limit absurdity is so dangerous. By potentially becoming high-fee on-chain, Bitcoin is handing a whole bucket of Bitcoin's key transactional (ie, use-as-money) use-cases to alts for the first time. Demand for cheap high-security tx will be met one way or another...

That demand can easily be met by Bitcoin if various parts of the community would get their heads out of their asses. And if not met by Bitcoin, that demand will clearly be met by something else. That something else will obviously gain a good deal of value, both from the transactional flow itself, and some speculation layered on top of that. But if it seriously looks like bitcoin could fall, the long-term crypto store-of-value thesis can easily be said to have serious flaws, and that'll strip away the store-of-value speculative premium from the *entire* crypto space. And since wealth storage and gold-like use-cases are *by far* crypto's biggest potential in terms of driving market-cap, it could be a huge shock if that speculative premium disappears from the space. I think this is what many people wishing for their alt-of-choice to overtake Bitcoin fail to fully understand.


FWIW, I also agree that Monero can be a nice complement to Bitcoin, should Bitcoin remain #1.

maybe, maybe not:

Did people not create social accounts anymore after myspace died?
After all, it's an effort/investment to keep your profile up to date...

Maybe not the best comparison, but I don't think a dethroning of BTC would be bad in the long run.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
March 10, 2016, 01:13:04 PM
I read that as making the point that the success of VHS (lower-cost, non-proprietary) relative to BetaMax did not undermine the VCR market, or confidence in the ability of videotape to record your child's first stage performance.  No more should a Bitcoin fee market undermine confidence in the utility of XMR for its purpose, although it may well drive cost-sensitive traffic from BTC to XMR (maximalist complaints notwithstanding).
donator
Activity: 1722
Merit: 1036
March 10, 2016, 12:49:41 PM
VHS.
legendary
Activity: 1722
Merit: 1004
March 10, 2016, 12:41:25 PM
I was satirical. My honest opinion is that bitcoin is not dying, that it won't be replaced, and if it did happen it would be a disaster for the cryptocurrency space. All coins would suffer tremendously if it takes that little for the next coin to come along and replace current. A lot of faith would be lost.

Monero is what I look at as a complementary currency.


Agree. I think what a lot of alt-coin folks fail to appreciate is the potential disaster to the entire ecosystem if Bitcoin falls from dominance - it puts the validity of the crypto-scarcity idea itself into play for the first time.

This is also why I think Bitcoin's blocksize-limit absurdity is so dangerous. By potentially becoming high-fee on-chain, Bitcoin is handing a whole bucket of Bitcoin's key transactional (ie, use-as-money) use-cases to alts for the first time. Demand for cheap high-security tx will be met one way or another...

That demand can easily be met by Bitcoin if various parts of the community would get their heads out of their asses. And if not met by Bitcoin, that demand will clearly be met by something else. That something else will obviously gain a good deal of value, both from the transactional flow itself, and some speculation layered on top of that. But if it seriously looks like bitcoin could fall, the long-term crypto store-of-value thesis can easily be said to have serious flaws, and that'll strip away the store-of-value speculative premium from the *entire* crypto space. And since wealth storage and gold-like use-cases are *by far* crypto's biggest potential in terms of driving market-cap, it could be a huge shock if that speculative premium disappears from the space. I think this is what many people wishing for their alt-of-choice to overtake Bitcoin fail to fully understand.


FWIW, I also agree that Monero can be a nice complement to Bitcoin, should Bitcoin remain #1.
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