Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1727. (Read 4670972 times)

Well said. Sad thing is no one going to do anything about it. Hope XMR doesn't fail. Isn't looking good.

Mumbles, I can appreciate your opinion and concerns.  However, I also have both of those things, so here goes:

1) As arcane as XMR seems to some, with its command-line and minimalist beta GUI wallets, there are still plenty of machines toiling away mining it worldwide.
2) XMR has a higher value than many altcoins out there.
3) XMR has a dev team that is 99.999999999999% unconcerned by p&d'ers, fud'ers, et al.
4) XMR's mining difficulty-to-value ratio is decent, imho.
5) Fuzzy mascots seem dumb to some, yet are loved by some.  I originally thought the mascot deal was a little immature/unmanly.  I must admit that the damn thing has grown on me a bit.

TLDR: XMR's dev team is not myopic.

Now is the time to buy for the smart ones.

Next stop .002, might buy a few.

This thread is pretty disturbing for multiple reasons.

1) Tons of posts about a stupid furry mascot. Who gives a shit. Lets focus on the actual coin and developments.
2) Devs making incredibly slow progress and not accepting any help. Almost no change in anything from last week missive to this week's. Still analying white paper?! WTF.
3) Still no decent website. Still not accepting help for making the website better.
4) Still no progress on size issue, and no mention of the analysis done that said that there is no way to accomplish the reduction unlike other coins.

There is a window of time you get to promote and grow a new technology and get the adoption curve exponential. If you miss it, you get to hang out with the 400 other coins that also missed it. I get no sense of urgency from the devs, and cannot for the life of me understand why they don't accept help. They say they have a team working on "it", but nothing makes much progress. So either the team is not very good, not big enough, or not focused enough. All of those would seem to indicate the solution is to expand and get more help, especially since its free with volunteers.

There are dozens of coins actively in development with strong teams trying to beat XMR. This community needs to wake up if its going to succeed.

Difficulty was low early in the month.  When AWS bills came due all the easy coins were sold.  What remains are expensive coins. Due to cloud mining expect price to rise with difficulty this month, at least 2x.  Down from highs again at the end of the month.  Miners have little vision*self-control. Not that most traders have any more.

such wow 20btc so gell us

Impossible is impossible.
All trading system in crypto-currencies is similar to casino.

The reward did not half. There is no block halving with Monero. Its a slow progressive decreasing reward.

No more bitching about price drops. You invested in a alpha-stage currency in the infancy of crypto-currencies. Adoption will be stifled if everyone just cares about is doubling up over night. Go to a casino! Keep in mind the broader goal of creating a balanced and decentralized currency in which the world can participate. This is what the crypto-currency movement needs to be about . Not quickly turning over your XMR for USD/EUR, but competing with the established system. I believe if we lose this vision the movement will fail. So everyone hold on, you knew this would be a ride . When everybody thinks XMR is worth an ounce of gold the price will be an ounce of gold , right now consensus says XMR is worth 0.00414935 BTC.

The reward did half but value didn't double signals something wrong with value, no? Why should it magically go up?

Buying into fuss generated by a bunch of bots: way to go, man! Well, at least you realized how wrong you were before it's too late.

My target was .0045 as the bottom, but I'm thinking .0035-.0038 now.  Anything in .002 is just to cheap.

No short-term catalysts, I send it to my wallet for future. I believed it will be growth soon but when is soon? 1 week or 1 year
My trading turnover is low now, because my main asset is XRM.
So we need ~300 BTC or more buyer daily for long-term pump

Bouncing around the 0.004 support level today.
FWIW, I expect improvements to GPU mining and a dust transaction solution to drive the price down further. YMMV

Perfect! Thank you very much. I may try to hire him one day if he is available.

There are not enough buyers to sustain a price of say 0.008 at the moment. 24k XMR is being mined every day, at 0.008 that's 192 btc. Surely it's not all dumped on the market but it's certainly contributing to downward pressure along with people who bought higher that are now selling in panic and also people who bought much lower who secures profit in btc. Nothing surprising about this, every large price increase tends to overshoot and come back down. Hopefully you still got a decent amount of BTC, buying range 0.002-0.004 is decent (buy more the lower it goes). In fact previous increase when XMR was added to poloniex took us to 0.008 and down to about 0.0017 before it turned up again. I think we're staying above 0.002 this time though.

Not enough short term catalysts.

Last week, there was "Mintpal".

nothing really for the casual investor to look forward to on a rigid or short-term timeframe.
i'd expect the next price rise when there is, unfortunately.

.PSD - This one is for your good intentions. Luke was drawn by our staff designer, so yes to both answers 

Monero hasn't be pumped on mintpal yet... only dumped!
I has been pumped on poloniex before mintpal arrival.
There will be probably some pump on mintpal one day, probably not too far away, when big mintpal pumpers will have accumulated enough cheap xmr to launch the pump.