Topic: [XMR] Monero Speculation - page 1012. (Read 3314350 times)

Fun factor.

I like playing with the bots. Its from dust anyway so it all free.

BTW was kidding, never shorted. lol but closed my long to early.

with that tiny amount why not just buy and hold?

Edit 1:
LOL after posting this bulls shriveled up hah.

Edit 2:
Shorting now

Go Bulls. Dust is piling up.

Too late guys, only took an hour for it to be completely funded. 

It has been moved to funding required.  Let's go guys, looking at you TrueCryptonaire and N-rG 

'More mooo coding goodness' - Feedback required from community on MoneroMooo's new Forum Funding System proposal

https://forum.getmonero.org/7/open-tasks/86962/more-mooo-coding-goodness

https://www.reddit.com/r/Monero/comments/56nlan/more_mooo_coding_goodness_feedback_required_from/

Thanks for ascertain and share

E: poor fluffy, just read some new fud about him...summarizing "fluffy is not interested in dev. anything further cause he is already filling his pockets enough with the fees of https://mymonero.com/#/ "

What a pitty. Someone did a good job and now earn some money with that. Total illegal.

Ok serious. I dont unterstand why people get so jealous. Everyone can contribute to XMR. Buy coins, make a good video/website/fansite/marketing/etc, share it, enjoy rising prices.

Of course there  are costs (interests + transactional costs).
Risk is that Poloniex Goxes the hedger.

Nice find! Interesting stuff. I remember seeing some spreadsheets a while back, and surprisingly he wasn't actually keeping much profit at all. Spending all the BTC coming in most months on all sorts of stuff, it was an expensive operation. The auction money was customer deposits mostly I recall?

I knew hedging would carry a risk, but I (wrongly) assumed he found some way to make it work. Sound like it was actually costing him a bunch, either from vendors purposely exploiting it or it just wasn't viable at what he was charging for it.

Anyhow, offtopic, sorry! Back to Monero speculation.

I'll throw my little bit in - I have witnessed some real XMR adoption on the markets, not a great deal, 5% overall on Alpha would be stretching it. But, for example - from a few well know vendors with good reputations, some are accepting XMR for all products (smaller stalls) and there are a handful of larger sellers who have elected to sell a few of their smaller items (<$150) for XMR. I believe they are very keen for XMR to prove truly "private", many are waiting I suspect to see that it continues to function(stability/safely) for a bit longer, that the price doesn't crash to 0, that it can't be 'hacked' - this isn't Bitcoin, so trust has to be built, will happen pretty quickly now that people know BTC. Generally after learning the ropes with Monero, my feeling is that most folks will be keen to offer it as an option and to get their own stash together ASAP. It's just going to take some time, and for the necessity of such a currency in this area to become apparent. Will likely happen a lot quicker than it did for BTC, it paved the way for things to move much faster (eg. 1bn market cap for ETH).

joined!

Hedging is not without cost or risk.


https://np.reddit.com/r/DarkNetMarkets/comments/2tgymg/silk_goxed_how_dpr_used_mtgox_for_hedging_lost_big/

btw (offtopic but important):
https://www.reddit.com/r/Monero/comments/56fv7h/the_monero_stackexchange_needs_you_only_10_days/

Is ransomware really that bad? I mean its better to have to pay some dude a few thousand dollars than to have your major competitor silently monitoring your network activity for years, or silently scooping up confidential customer information, or nickel and dimeing for years office space style. The extortionist is discovering your vulnerabilities for you so that you can patch them (if that be through social engineering it makes no difference). Firms hire pen testers and pay them up front. How different is this really except you pay the pen tester on the back end?

I actually sold bitcoin to an institution that had its database encrypted with ransom ware. The hacker only wanted like 600 bucks. For a big institution. It was really a pretty reasonable fee for uncovering a vulnerability.

I know, I know. It's basically the business model of governments. Provide service without asking if anyone even wants the service then unilaterally decide the price afterwards. Im not justifying it. Its not a good thing. It's still wrong. I just wanted to point out that they are actually providing a useful service.

I wouldnt worry about mainstream marketing ....these things have a way of sorting themselves out
i would say the XMR community is only second to eth and when we get a  GUI and some quick wallets
more people will start keping their money safe from prying eyes .......
new Dark Markets will keep popping up like mushrooms  
monero would make a very suitable coin for gambling games in areas where gambling is not permitted by law
there is also the possibility of price rises from stolen and hacked bitcoins being turned into XMR etc
XMr is one of the (few) coins that actually has a bright future ......

yes it sure can https://www.youtube.com/watch?v=h_-kB3pasZs especially if we get som good news, but the price short term can change in any direction. I guess a lot of people want to get rid of their xmr now and the buy-support is not that strong above 0.011 , hence the low price(i make almost no profit if i sell now).

I will probably not long xmr again, i prefer being able to sell if the price is very likely to go down(after a peak).

Yes, as sad as it is, Monero will definitely be used for future ransomware payments.
I expect the same for any coin that gets decent traction and has strong privacy features.
There have been ransomware operations earning upwards of a million dollars a month in payments.
That is a lot of new customers buying coins if they shift to Monero.
As much as I hate it, we will probably profit because of the innocent people being forced to buy Monero to unlock their files.  



That's actually genius.
I always wondered what people who had a lot of money in escrow did to secure their funds against a loss.

Any advice on buying Monero at this point, will it do another 10X?

"New financial technologies such as bitcoin may become increasingly attractive to investors as a protection against central bank low- and negative-interest-rate policies that threaten capitalism, according to billionaire bond manager Bill Gross.

Policies by the Federal Reserve, Bank of Japan and European Central Bank are destroying historical business models that foster savings, investment and economic growth, Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund, said in an October investment outlook released Tuesday.

He said that as investors lose faith in the system, they will increasingly seek havens."

Full Article:
http://www.bloomberg.com/news/articles/2016-10-04/janus-s-gross-says-bitcoin-blockchain-may-counter-central-banks

I believe the original SR had such a system in-place. A seller of goods could "Lock In" an exchange rate, for a particular deal, if they were worried the rate would move against them and make the sale unprofitable. This feature was there fairly early on. Before there were several advanced markets where a trader could do this, SR made it possible for anybody to do it without needing to know what long/short even means.

Perhaps some of today's markets have incorporated this too? I wouldn't be surprised if they haven't, the price of BTC is actually considered pretty stable now. If no such hedging system exists, perhaps they should look at it again - for Monero now especially. I'd say this is one of the big reasons larger traders aren't adopting it right away, the volatility compared to BTC. If they could hedge against the price volatility, same way SR1 made it possible, it would make accepting XMR a no-brainer.

When SR was just getting started, Bitcoin's volatility was worse than Monero's today - we had moves between $1 and $20 for a while, despite this, the demand was so strong a vibrant dark-market was created. In it's wake, hundreds of new markets formed to fill it's place.

SR was way ahead of it's time, looking back on it now..  Great community vibe back then too, that was all killed, not unlike the FUD/troll attacks on the community we've seen on bitcointalk, attempting to make the place hostile and divided.. We must remember what is truly important; Crypto money provides a path to real financial freedom, freedom from central bankers and other organized financial crimes which have been legitimized. Such games are not possible when you play on our system. BTC and XMR can worth together masterfully to help the people reclaim what's rightfully ours. A fair playing field, that is all.