Author

Topic: [XMR] Monero Speculation - page 1010. (Read 3314350 times)

sr. member
Activity: 400
Merit: 263
October 10, 2016, 08:43:37 AM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Pain?  I must have missed that part.  I did buy some yesterday.  I promised that when it went up I would sell and lock in profit.  Well it went up today and I didn't sell.  I fall for that trick every time  Grin

I did however contribute today to the future work of moneromoo.  Inside scoop, there will very shortly be a funding proposal for development of i2p, the kovri project.  So TrueCryptonaire and N-rG you will have another chance to help insure the success of the coin you believe in.

I have proposed that the mining rewards were used in funding development but nobody agrees with it. Now you guys are begging money from me...  Huh

shame on you and everyone else who thinks like that. the community decided against it. accept the collective decision. refusing to help finance the project just because you are not happy with the way of financing is stupid. its also your investment and you know developement is not free.

donate at least 1% of your holdings. i dont beg for it, i expect it from you (and everyone else who is interested long term and not contributing himself).

respect to everyone in the hall of fame, you da real MVP Kiss

As long as there are other people contributing, why should I do it? And if there is no other people contributing, then why to hold Monero?
That's exactly the argument why I thought it would have been a good idea to fund marketing and development from the block rewards, not from the pockets of bagholders.
I think Darkcoin has that sort of approach and I consider it good for long haul not to be dependent on the generosity of bagholders.


so you're saying the miners should pay for development with their electricity bills? Block rewards aren't free, you know?

Why am I even bothering...some people are just like that. Landmine producers, Monsanto business developers, weapon merchants.
Others just like being assholes and feel empowered by it.


sr. member
Activity: 434
Merit: 250
October 10, 2016, 08:22:40 AM
I think the price will rise again. I speculate this as although the price has come down, the volume traded has remained steady. And looking at the trends (some basic analysis) the price has fluctuated sideways and comes back up immediately after going down. My reason for saying all this is to ask you, whether I am thinking in the right direction. Noobs gotta ask.

As I expected the 1 Billion Dollar bubble on ETH just bursted. More than 100.000.000 Dollars are already gone.

XMR / BTC are a safe harbor for money. The growing rate of XMR is for sure higher than BTC (~20% the last 6 days). So everyone who is smart moves his money to XMR or BTC. For me they are directly connected. The release of zcash is going to be interesting. From my POV the company hired some guys Trolling around, spread fame about zcash and talk down other coins. This coin is going to be good for XMR.speculation

Why?

1. Its marketing, zcash trolls are going to argue/compare with XMR
2. Zcash bubble will burst (zcash is going to be a bubble and i assume kinda to be a scam in the end)*²
3. As soon ppl. realize that XMR is solid, real and superior they will switch.

If XMR has a working GUI at this point, the red carpet for XMR is rolled out.*³

*² Futures are already traded with 90$. And there are plenty of other reasons what makes me believing this.
*³ Factors who could bring XMR to struggle: AlphaBay exits business, no GUI. Moreover the company behind zcash has a lot of marketing and could use it to fight against any competitor. Could get ugly. But XMR will win this will happen

Well for now I just hold my coins. Daily trading is kinda boring here. When I close my ETH short I'll open either a new one with Zcash or just reinvest to buy XMR.

pps. just saw the last debate between Hillary and Trump....poor US, so done.
full member
Activity: 532
Merit: 101
October 10, 2016, 08:22:13 AM
As long as there are other people contributing, why should I do it? And if there is no other people contributing, then why to hold Monero?
That's exactly the argument why I thought it would have been a good idea to fund marketing and development from the block rewards, not from the pockets of bagholders.
I think Darkcoin has that sort of approach and I consider it good for long haul not to be dependent on the generosity of bagholders.
Actually i like that aspect of dash, it's pretty clever. XMR seams to be doing fine with donations only but it's not really a good system due to the "tragedy of the commons", your individual donation is unlikely to do much real difference.

Also i am against controversial hardforks, stuff like that should be decided from the start.
legendary
Activity: 1092
Merit: 1000
October 10, 2016, 08:11:13 AM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Pain?  I must have missed that part.  I did buy some yesterday.  I promised that when it went up I would sell and lock in profit.  Well it went up today and I didn't sell.  I fall for that trick every time  Grin

I did however contribute today to the future work of moneromoo.  Inside scoop, there will very shortly be a funding proposal for development of i2p, the kovri project.  So TrueCryptonaire and N-rG you will have another chance to help insure the success of the coin you believe in.

I have proposed that the mining rewards were used in funding development but nobody agrees with it. Now you guys are begging money from me...  Huh

shame on you and everyone else who thinks like that. the community decided against it. accept the collective decision. refusing to help finance the project just because you are not happy with the way of financing is stupid. its also your investment and you know developement is not free.

donate at least 1% of your holdings. i dont beg for it, i expect it from you (and everyone else who is interested long term and not contributing himself).

respect to everyone in the hall of fame, you da real MVP Kiss

As long as there are other people contributing, why should I do it? And if there is no other people contributing, then why to hold Monero?
That's exactly the argument why I thought it would have been a good idea to fund marketing and development from the block rewards, not from the pockets of bagholders.
I think Darkcoin has that sort of approach and I consider it good for long haul not to be dependent on the generosity of bagholders.
sr. member
Activity: 453
Merit: 500
hello world
October 10, 2016, 07:53:10 AM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Pain?  I must have missed that part.  I did buy some yesterday.  I promised that when it went up I would sell and lock in profit.  Well it went up today and I didn't sell.  I fall for that trick every time  Grin

I did however contribute today to the future work of moneromoo.  Inside scoop, there will very shortly be a funding proposal for development of i2p, the kovri project.  So TrueCryptonaire and N-rG you will have another chance to help insure the success of the coin you believe in.

I have proposed that the mining rewards were used in funding development but nobody agrees with it. Now you guys are begging money from me...  Huh

shame on you and everyone else who thinks like that. the community decided against it. accept the collective decision. refusing to help finance the project just because you are not happy with the way of financing is stupid. its also your investment and you know developement is not free.

donate at least 1% of your holdings. i dont beg for it, i expect it from you (and everyone else who is interested long term and not contributing himself).

respect to everyone in the hall of fame, you da real MVP Kiss
legendary
Activity: 1092
Merit: 1000
October 10, 2016, 07:49:22 AM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Pain?  I must have missed that part.  I did buy some yesterday.  I promised that when it went up I would sell and lock in profit.  Well it went up today and I didn't sell.  I fall for that trick every time  Grin

I did however contribute today to the future work of moneromoo.  Inside scoop, there will very shortly be a funding proposal for development of i2p, the kovri project.  So TrueCryptonaire and N-rG you will have another chance to help insure the success of the coin you believe in.

I have proposed that the mining rewards were used in funding development but nobody agrees with it. Now you guys are begging money from me...  Huh

Now and in the past scrooge mc duck.  I guess you will continue to let others contribute to help insure the success of the coin you "believe" in and just sit back and reap the benefits.



Quote
I have proposed that the mining rewards were used in funding development

Make it a question. It's a good one.

It has been a question that has been discussed by the community quite a while ago, the result of which is the current system we have. Here is the latest request that I mentioned would be coming.  It is a very important piece for the vision of Monero and anonimal is very good.


https://forum.getmonero.org/8/funding-required/86967/anonimal-s-kovri-full-time-development-funding-thread


Also I found something interesting yesterday.  Buying at these prices as I did 2 days ago raises my buy average significantly more than donating Moneroj.  The results you get are ofc dependent of your specific situation so YMMV.

https://www.youtube.com/watch?v=1dWkvqfOnxY
legendary
Activity: 1008
Merit: 1000
Dumb broad
October 10, 2016, 07:29:41 AM

Goat and his fleet of lambos......a bit sad that he's become bitter and twisted in his mid-twenties.
newbie
Activity: 24
Merit: 0
October 10, 2016, 07:09:07 AM
I think the price will rise again. I speculate this as although the price has come down, the volume traded has remained steady. And looking at the trends (some basic analysis) the price has fluctuated sideways and comes back up immediately after going down. My reason for saying all this is to ask you, whether I am thinking in the right direction. Noobs gotta ask.
sr. member
Activity: 473
Merit: 250
October 10, 2016, 07:01:47 AM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Pain?  I must have missed that part.  I did buy some yesterday.  I promised that when it went up I would sell and lock in profit.  Well it went up today and I didn't sell.  I fall for that trick every time  Grin

I did however contribute today to the future work of moneromoo.  Inside scoop, there will very shortly be a funding proposal for development of i2p, the kovri project.  So TrueCryptonaire and N-rG you will have another chance to help insure the success of the coin you believe in.

I have proposed that the mining rewards were used in funding development but nobody agrees with it. Now you guys are begging money from me...  Huh

Now and in the past scrooge mc duck.  I guess you will continue to let others contribute to help insure the success of the coin you "believe" in and just sit back and reap the benefits.



Quote
I have proposed that the mining rewards were used in funding development

Make it a question. It's a good one.

It has been a question that has been discussed by the community quite a while ago, the result of which is the current system we have. Here is the latest request that I mentioned would be coming.  It is a very important piece for the vision of Monero and anonimal is very good.


https://forum.getmonero.org/8/funding-required/86967/anonimal-s-kovri-full-time-development-funding-thread


Also I found something interesting yesterday.  Buying at these prices as I did 2 days ago raises my buy average significantly more than donating Moneroj.  The results you get are ofc dependent of your specific situation so YMMV.

Donated a chunk to this project - well worth every moneroj.
legendary
Activity: 1624
Merit: 1008
October 10, 2016, 06:25:11 AM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Pain?  I must have missed that part.  I did buy some yesterday.  I promised that when it went up I would sell and lock in profit.  Well it went up today and I didn't sell.  I fall for that trick every time  Grin

I did however contribute today to the future work of moneromoo.  Inside scoop, there will very shortly be a funding proposal for development of i2p, the kovri project.  So TrueCryptonaire and N-rG you will have another chance to help insure the success of the coin you believe in.

I have proposed that the mining rewards were used in funding development but nobody agrees with it. Now you guys are begging money from me...  Huh

Now and in the past scrooge mc duck.  I guess you will continue to let others contribute to help insure the success of the coin you "believe" in and just sit back and reap the benefits.



Quote
I have proposed that the mining rewards were used in funding development

Make it a question. It's a good one.

It has been a question that has been discussed by the community quite a while ago, the result of which is the current system we have. Here is the latest request that I mentioned would be coming.  It is a very important piece for the vision of Monero and anonimal is very good.


https://forum.getmonero.org/8/funding-required/86967/anonimal-s-kovri-full-time-development-funding-thread


Also I found something interesting yesterday.  Buying at these prices as I did 2 days ago raises my buy average significantly more than donating Moneroj.  The results you get are ofc dependent of your specific situation so YMMV.
legendary
Activity: 1092
Merit: 1000
October 10, 2016, 05:58:58 AM
I think C9H10N2O  will be giving the markets any time soon (at least as soon as the price shoots above 0.0188).
sr. member
Activity: 400
Merit: 263
October 10, 2016, 03:14:19 AM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Pain?  I must have missed that part.  I did buy some yesterday.  I promised that when it went up I would sell and lock in profit.  Well it went up today and I didn't sell.  I fall for that trick every time  Grin

I did however contribute today to the future work of moneromoo.  Inside scoop, there will very shortly be a funding proposal for development of i2p, the kovri project.  So TrueCryptonaire and N-rG you will have another chance to help insure the success of the coin you believe in.

I have proposed that the mining rewards were used in funding development but nobody agrees with it. Now you guys are begging money from me...  Huh

No worries, it has been funded by people who don't see that as begging (wtf) but as a contribution to the project.

keep your nickles.
sr. member
Activity: 434
Merit: 250
October 10, 2016, 03:03:26 AM

From the article:
Quote
Disclaimer: This is not investment advice, and we don’t give a fuck what you do with your money. There are only going to be 21 million bitcoins ever produced, and we’re all in a race to collect as many as possible. If you want to “invest” in some shitcoin pump and dump on a questionable exchange, be our guest

Say's everything...other coins fraction bashing other coins.

Quote
I have proposed that the mining rewards were used in funding development

Make it a question. It's a good one.
legendary
Activity: 1092
Merit: 1000
October 10, 2016, 01:28:12 AM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Pain?  I must have missed that part.  I did buy some yesterday.  I promised that when it went up I would sell and lock in profit.  Well it went up today and I didn't sell.  I fall for that trick every time  Grin

I did however contribute today to the future work of moneromoo.  Inside scoop, there will very shortly be a funding proposal for development of i2p, the kovri project.  So TrueCryptonaire and N-rG you will have another chance to help insure the success of the coin you believe in.

I have proposed that the mining rewards were used in funding development but nobody agrees with it. Now you guys are begging money from me...  Huh
sr. member
Activity: 289
Merit: 252
bagholder since 2013
October 10, 2016, 12:01:26 AM
legendary
Activity: 1624
Merit: 1008
October 09, 2016, 10:47:57 PM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Pain?  I must have missed that part.  I did buy some yesterday.  I promised that when it went up I would sell and lock in profit.  Well it went up today and I didn't sell.  I fall for that trick every time  Grin

I did however contribute today to the future work of moneromoo.  Inside scoop, there will very shortly be a funding proposal for development of i2p, the kovri project.  So TrueCryptonaire and N-rG you will have another chance to help insure the success of the coin you believe in.
hero member
Activity: 742
Merit: 501
October 09, 2016, 10:03:04 PM
My gains/my group? I am confused. Did I not use the word "they/their" ? Also my gains have come from mining XMR when there were fewer than 10 miners, not by trading.

Having said that my opinions of some aspects of XMR have changed based on what I have witnessed in the past 2 years at different points in time. An year ago I would mention it to anyone in person (I will let BTCTalkers who have met me speak or watch doesn't matter), but now I won't. The landscape has changed with the type of crowd in it and just because I can withstand all this doesn't mean everyone else will. The people classifying XMR as toxic asset decided not to be in it, nothing more, nothing less.


Edit: See a "triple top" is coming .......

Seems like you were an XMR bull about a month ago.


It is a difficult paradigm shift for the masses still. There have been zero assets to compare with Monero, so it makes it that much more difficult. I got into BTC when I read the whitepaper, a membership and knowledge about this forum came much later unfortunately otherwise I would have been a bit more financially successful (rocket had left the station) and I was just left admiring the math.

When the CryptoNote whitepaper came out, I knew what was in store. I also pleaded with @thankful_for_today to make changes initially, both in forum and in IRC but that was one headstrong dude. I miss @tacotime's presence these days. We were both OPs in the initial IRC channel that we later surrendered to the current team. Good times.  Smiley

I bet the CN team are all pleased with the hard work and continued research publications that come out from the current team regardless of the external animosity at times. The cryptography is top notch math.

Even Ethereum has published a lot of good papers. But there is no way that a model of distribution like that will see long term success. It has to be meaningful blood and sweat with respect to mining and verification for it to make sense and it is going to take a while for everyone to get off that train. This is also a big short coming and narrow sightedness of zcash. Awesome math, bad model. They will be flipped for Bitcoins and that is where it will end. XMR is going to be the real wealth.


Short gone wrong?



Nope, permabull here. Just stopped recruiting new folks and going to give a more realistic picture to readers and anyone else looking at it from an "investment" point of view. My stance is not changing unless I get the wind that Monero Labs is closing and the cryptography is broken to the point of no return.


Edit: And the triple top comment is a stab at what is going to happen to further alienate the newbies.
sr. member
Activity: 243
Merit: 250
October 09, 2016, 09:57:41 PM
My gains/my group? I am confused. Did I not use the word "they/their" ? Also my gains have come from mining XMR when there were fewer than 10 miners, not by trading.

Having said that my opinions of some aspects of XMR have changed based on what I have witnessed in the past 2 years at different points in time. An year ago I would mention it to anyone in person (I will let BTCTalkers who have met me speak or watch doesn't matter), but now I won't. The landscape has changed with the type of crowd in it and just because I can withstand all this doesn't mean everyone else will. The people classifying XMR as toxic asset decided not to be in it, nothing more, nothing less.


Edit: See a "triple top" is coming .......

Seems like you were an XMR bull about a month ago.


It is a difficult paradigm shift for the masses still. There have been zero assets to compare with Monero, so it makes it that much more difficult. I got into BTC when I read the whitepaper, a membership and knowledge about this forum came much later unfortunately otherwise I would have been a bit more financially successful (rocket had left the station) and I was just left admiring the math.

When the CryptoNote whitepaper came out, I knew what was in store. I also pleaded with @thankful_for_today to make changes initially, both in forum and in IRC but that was one headstrong dude. I miss @tacotime's presence these days. We were both OPs in the initial IRC channel that we later surrendered to the current team. Good times.  Smiley

I bet the CN team are all pleased with the hard work and continued research publications that come out from the current team regardless of the external animosity at times. The cryptography is top notch math.

Even Ethereum has published a lot of good papers. But there is no way that a model of distribution like that will see long term success. It has to be meaningful blood and sweat with respect to mining and verification for it to make sense and it is going to take a while for everyone to get off that train. This is also a big short coming and narrow sightedness of zcash. Awesome math, bad model. They will be flipped for Bitcoins and that is where it will end. XMR is going to be the real wealth.


Short gone wrong?

hero member
Activity: 742
Merit: 501
October 09, 2016, 09:52:53 PM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Optimism about what?

A price floor or a trend reversal. Duh.

I feel like you are setting up to make some sort of "point" and I'm walking into your trap

Nah you are reading too much. I was trying to gauge more along the lines of fundamentals that have changed suddenly for anyone to be cautiously optimistic. At the moment (and even short to mid term) it is a caustic asset in my analysis.

Interesting. I dont think the fundamentals ever changed really. Before the great rise the price was way too low and I feel like it corrected way too much after. I'm optimistic about what looks like, might be, a shifting of sentiment.

I doubt it. In fact my recommendation to the couple of friends I introduced XMR to, was to sell when long term supporters came out of the closet (and before the N-rG barrage) and never get back in as I didn't feel confident enough to be responsible. In essence they 11x their Bitcoin portfolio and are never coming back. It is not like they don't know that XMR will rise again but it is an altcoin that will be used to extract Bitcoins out of the newbies and they get it & are not going to trade it anymore (and caustic asset was a borrowed term from them honestly).

I could not disagree more strongly with the idea that monero is just a lever to pry bitcoins from "newbies".  Any alt coin market is full of danger but it is wonderful to gain 11x in an investment.  

Personally, I invested 1\3 of my bitcoins into monero.  I was fortunate to buy a little extra during the rise which I sold, regaining my original stake.  But I kept the nut. Because I believe in monero.

I am not skilled enough to jump from alt coin to alt coin talking money from others...

I hope the promise of monero comes to fruition, but if it does not... At least I wasn't taken by more experienced traders like you and your group.  Kudos on your gains.

My gains/my group? I am confused. Did I not use the word "they/their" ? Also my gains have come from mining XMR when there were fewer than 10 miners, not by trading.

Having said that my opinions of some aspects of XMR have changed based on what I have witnessed in the past 2 years at different points in time. An year ago I would mention it to anyone in person (I will let BTCTalkers who have met me speak or watch doesn't matter), but now I won't. The landscape has changed with the type of crowd in it and just because I can withstand all this doesn't mean everyone else will. The people classifying XMR as toxic asset decided not to be in it, nothing more, nothing less.


Edit: See a "triple top" is coming .......
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
October 09, 2016, 09:42:40 PM
The pain was getting too painful. I had to step away for a while. Wasn't expecting to see this when I came back. Dare I cautious optimism? Smiley

Optimism about what?

A price floor or a trend reversal. Duh.

I feel like you are setting up to make some sort of "point" and I'm walking into your trap

Nah you are reading too much. I was trying to gauge more along the lines of fundamentals that have changed suddenly for anyone to be cautiously optimistic. At the moment (and even short to mid term) it is a caustic asset in my analysis.

Interesting. I dont think the fundamentals ever changed really. Before the great rise the price was way too low and I feel like it corrected way too much after. I'm optimistic about what looks like, might be, a shifting of sentiment.

I doubt it. In fact my recommendation to the couple of friends I introduced XMR to, was to sell when long term supporters came out of the closet (and before the N-rG barrage) and never get back in as I didn't feel confident enough to be responsible. In essence they 11x their Bitcoin portfolio and are never coming back. It is not like they don't know that XMR will rise again but it is an altcoin that will be used to extract Bitcoins out of the newbies and they get it & are not going to trade it anymore (and caustic asset was a borrowed term from them honestly).

I could not disagree more strongly with the idea that monero is just a lever to pry bitcoins from "newbies".  Any alt coin market is full of danger but it is wonderful to gain 11x in an investment.  

Personally, I invested 1\3 of my bitcoins into monero.  I was fortunate to buy a little extra during the rise which I sold, regaining my original stake.  But I kept the nut. Because I believe in monero.

I am not skilled enough to jump from alt coin to alt coin talking money from others... like you evidently are

I hope the promise of monero comes to fruition, but if it does not... At least I wasn't taken by more experienced traders like you and your group.  Still.... Kudos on your gains.
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