Topic: [XMR] Monero Speculation - page 1055. (Read 3314343 times)

Obviously when the core/official GUI is released.  So that makes it either:

A) soon™
or
B) 2 weeks

In the history the short positions are closed by some whale dumping their coins to the covering bids. I hope this time it is different and the short closing season will take place by pumping Monero.

Please stop trolling around and read properly. https://www.ethereum.org

Back to important things:

LOAN OFFERSTotal: 369280.53237829 XMR (20th Sept.)
.....
LOAN OFFERSTotal: 206596.35664249 XMR (27th Setp.)
LOAN OFFERSTotal: 230399.83850490 XMR (today)

So there is a lot room to go up to at least 190+ soon when the shorters close their positions.

Or if BTC actually falls down a lot further then 0.03 might be a good stability point as it's USD value would remain the same. (Possibly)

I think you have countered your own point with your own stats.

Obviously ETH is something more than just gas.


What makes you so sure that ETH has this one and only purpose?

When it bubbles to 03 I feel it will stabilize above 019. Could happen as soon as mid oct but prob not between mid Oct and the elections as I expect people to load up on btc.

@drawingthesun

You are wrong. ETH as a (payment) coin is useless. And thats my point.

With ONE ETH you can form trillion shares, tickets and voucher points for example.
1000 ETH should be enough to handle all assets and tokens on this planet forever.

And thats exactly why ETH is a bubble. People like you dont understand what i say because they dont understand how ETH is working. I do. And thats why i'm right when i compare ETH and XMR in the matter of price. ETH has no financial value cause as you correctly said, its main purpose is not financial. It's contracts! I never said ETH has no valid reason to exist. But really, i dont care buddy if you invest in ETH, do what makes you happy
I know how this financial hype about ETH will end. And when the crash comes, ETH will still exist and work. But maybe than all traders will go to understand what ETH actually is made for.

And another thing:
Any contract which is written into the Ethereum block chain, is on all computers that form a knot. Because the Ethereum block Chain deals generously with space (cause its contracts!!) and makes it in principle any information and any program easy to be written to it, it grows rapidly.

For a payment system that has proven its worth in its decentralized nature, this is not an advantage for sure. One can argue about how much there is a drawback - but not that there is one. The Bitcoin is currently faced with the scalability problem; Ethereum will still run on it. Such a growing volume of data can lead to a massive centralization of nodes or, in the worst case, even affect the synchronicity of the network. This uncertainty carries Ethereum with in the future.

When do you think the resistance of 0.019 will be broken and Monero is ready to stabilize above 0.02 for preparing the rocket countdown to the Moon?

Disclaimer: I hold BTC, XMR and ETH, I consider them all to be apart of the growing Crypto economy.

I believe that you're wrong about the ETH market cap.

There are many people already transacting goods in Ether, ETH is being used not only to power contracts but also act as the store of value and transfer of value for many ICO's that are happening on the Ethereum chain.

Trust me, if ETH was only for gas none of this would be happening.

It's a currency, as much as Bitcoin is.

But it's not a competitor to Monero, it's not anonymous and from my research no one wants ETH to be anonymous.

(Although they are looking to closely integrate with an anonymous carrier currency for adding privacy to smart contracts.)

I am told constantly by many investors that Crypto currency communities are toxic, and I can see why. Here we are talking about the future of anonymous transactions and anonymous stores of value and there are people like you that are believers in what I call "onecoin".

This is the flawed concept that there can only be the one coin, no matter what that coin does.

It makes you as bad as the Bitcoiners that believe no matter what blockchain advances happen in the future, all progress shall halt as Bitcoin was made perfect in Satoshi's image.

My recommendation.

Stop being that guy, stop being a onecoiner.

There is room for a smart contracts platform and yes, ETH is the coin for that platform and yes it's very much a store of value. Even today it's being used in many ways that are not just for "gas".

However there is also room for anonymous coins, where the entire blockchain exists for that one purpose.

Monero could be/is that coin, your main competitor isn't going to be ETH, it's going to be Zcash.

Consider this, I used to be a onecoiner but realised that many of these projects are very much apples to oranges.

The market can carry more than one coin, as long as those different coins serve a purpose.

Your attitude towards ETH is toxic.

Let's stop.

My opinion here? I believe that the market can sustain multiple anonymous coins on the basis that they satisfy the following:

1) They have proper anonymous capabilities.
2) They have good development teams.
3) They have active communities.
4) They are used in trade/goods.
5) They have different tech.

This last one is really important. The market will not sustain two large economies around two coins with the same tech, it's pointless. Look at Litecoin and Bitcoin.

However Cryptonote is very different from Zcash.

This is good.

That means that people that want to trade and park their money in an anonymous currency now have two technologies to choose from.

And anyone smart will put their money in both. (hedging in case the tech in one of them ever fails)

Of course (1) matters here too, hence why Dash will not be apart of any serious consideration for an anonymous coin.

That's the point. Panic people lose. When you buy at 025 and it corrects to 015 you are virtualle in minus. But as long as you dont sell you are not. Sure bagholding makes not always sense.

But in that case it does. Monero is way underated.

http://coinmarketcap.com/currencies/

BTC has ~16 Million coins out and is at 600$
Ethereum has ~84 Million coins and is at 13$
Ripple...
LTC
Monero has 13 Million coins and is at 9,60$

Monero is first superior to BTC. Moreover with hardly no other coin except BTC and XMR you can buy anything.

Compare now ETH and XMR. Break ETH down to 13 Million Coins than you are at 84$ per coin. Thats way to much for a coin you basically cannot buy anything, the core function never was to pay with and has already technical difficulties.

~4 weeks ago AB announced the introduction to its market. First two buy waves were kinda hype. But there is a solid demand for XMR and a really good future for XMR. There is no competitor (i know now zcash fanboys argue, but zcash is no competitor in my eyes (look back in this Thread I explained why))

XMR proviedes any feature needed for many different purposes.

The only thing i dont like is the name Monero

The start of monero could been better when the GUI were already released to the time AB implement XMR. But this will only slow down the transition from BTC to XMR.

I maybe it doesnt appear clear: I agree to your post in general
When you bought at 025 you just have not much coins as you could have with 015. But anyway. If you bought at 9$ or 12$ doesnt matter when the coin is soon at 80 (ETH) or more Dollars. And i agree, next crisis would also increase the demand dramatically.

So you were confident and would buy at 0.025 and lost confidence and decide this coin is not for you at 0.015?
I am not saying this about XMR, but any crypto or just anything in life. Those who buy when everyone else lose confidence will profit most. Those that buy when everyone is confident will lose most.
I am not suggesting you anything about XMR. I just advise you to rethink your investment strategy in fundamentals.

What i do know is Monero price will be way higher 2 years from now and Monero price will be way way higher when new financial crisis hits us.
I cant say what will come faster.

Honestly, I am just new to XMR, it just caught my attention when the price increase substantially, so I respect your opinion and thank your for pointing it out, maybe I should do more research on XMR before I will finally decide.

Good fundamentals that make it a top tier coin, but poor marketing behind it causing a lack of long termers, which makes it easily manipulable atm.

2 months is eternity.

At fives times the price it was two months ago?

Srsly?

 

cmon are you joking? ETH is a 1 Billion Dollar Bubble. Its about contract not coins. Look at the 1 Month chart. A lot of ppl will lose a lot of money.
XMR performaned great so far. And sorry, when you reall not understand how and why a price can drop to 14% than you shouldn't invest in coins. Even I can make the coin drop to 6% with leverage effect. There are lot of ppl who have much more money than me and can make it drop to even 10% or more.... the bots and ppl. do panic sells than and so on.

With the recent big price drop of monero, I have lost my confidence on buying this coins again, maybe I have to accept that it was just overprice during the last few months and now maybe I will just hold a little and focus in Ethereum.

Not directly, but knowing you can use the XMR you are holding easily when you want to via xmr.to and btc is an incremental value add.

More MoonArrow please!

Moon soon again? It is all the same :p