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Topic: [XMR] Monero Speculation - page 1058. (Read 3314343 times)

legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
September 25, 2016, 02:44:25 PM
There is optional publicity which enables also "honest" trading (trading that has been taxed). Monero is very much like cash - cash can be anonymous if it is not tracked but it can be public if it is tracked. So far governements have not forbidden using cash... I see the future of Monero very similar and I hope Monero is not too much associated with criminal activities because that is the very thing which might cause some misunderstandings among the regulators and thus they might want to ban Monero with no sufficient information.

Do you want to engage the shrinking fascist economy, or the growing one (black/dark markets)?  People need to get their brainwashed heads out of their **** and realize that 'illegal' and 'criminal' has no bearing on anything good or bad, merely that some folks with guns don't like it because they don't get a cut or it undermines their politics.  PC and law abiding is, in general, an indication of a complete lack of the ability to think.  Of course, one must play along to a sufficient degree in order to avoid being singled out.  Still, it makes me a little sick to see people toe the line so readily.  Social media is a breeder of sheep.
/tangent

I saw a show where a guy was let off of attempted murder charges because he showed up to his supposed target and chickened out at the last minute. They made a bargain to get him to share information in exchange for immunity.

So no jail time, yet people who possess Marijuana get jail time.

Ridiculous.

"Unlawful" does not mean "just".

The system is rigged and so are the large markets outside of crypto.
legendary
Activity: 2016
Merit: 1259
September 25, 2016, 02:35:16 PM
There is optional publicity which enables also "honest" trading (trading that has been taxed). Monero is very much like cash - cash can be anonymous if it is not tracked but it can be public if it is tracked. So far governements have not forbidden using cash... I see the future of Monero very similar and I hope Monero is not too much associated with criminal activities because that is the very thing which might cause some misunderstandings among the regulators and thus they might want to ban Monero with no sufficient information.

Do you want to engage the shrinking fascist economy, or the growing one (black/dark markets)?  People need to get their brainwashed heads out of their **** and realize that 'illegal' and 'criminal' has no bearing on anything good or bad, merely that some folks with guns don't like it because they don't get a cut or it undermines their politics.  PC and law abiding is, in general, an indication of a complete lack of the ability to think.  Of course, one must play along to a sufficient degree in order to avoid being singled out.  Still, it makes me a little sick to see people toe the line so readily.  Social media is a breeder of sheep.
/tangent
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 25, 2016, 02:32:42 PM
Are any of you guys worried that governments might try and succeed to do something to monero or even bitcoin that can hurt their value?

Bitcoin is much easier to control.  And make no mistake, "regulators" do not want to regulate; they want control.  CN or US can establish BTC control if they choose, but I doubt that any other nation can establish control - although RU or IL or a few others could destroy it if they were motivated to do so. So far, they have not overtly asserted control. I don't know of a reason to expect that to change soon.

Monero is small enough yet to be easy to destroy for most developed nations, but also too small to bother.  By the time it is a target, it will be much more difficult to destroy because of the fullnode jurisdictional diversity, and Kovri tech.  More difficult to destroy than bitcoin, but effectively impossible to control, unless the core team is co-opted - in which case, the community will fork it.
legendary
Activity: 3570
Merit: 1959
September 25, 2016, 02:13:13 PM
from the support page:

Level 3 Verification
Daily withdrawal limit $25,000 USD equivalent

You may request a higher limit by contacting support.

Enhanced Verification
Individual or Corporate Accounts requiring limits >$25,000 USD equivalent
legendary
Activity: 1092
Merit: 1000
September 25, 2016, 01:48:43 PM
Whats the problem to register for more? When you dont use it for criminal activities i see no problem.

I just send a copy of my ID and asked the support. In less than 24 hours they limited me to 250.000$ without any further demands.

Very professional and fast these guys i cannot complain.

I thought the highest daily limit is 25 000 usd, not 250 000 usd. If it is 250 000 usd/day there indeed is no problem for withdrawing larger amounts but if it is 25 000 usd it is problematic. I am sure the best local bitcoin traders are handling more dollar values so there should definetely be a gateway to larger transactions (don't worry, it will spill over also on Polo since the OTC seller might want to refill some coins he sold to new born whale).
legendary
Activity: 1092
Merit: 1000
September 25, 2016, 01:44:38 PM
Whats the problem to register for more? When you dont use it for criminal activities i see no problem.

Privacy.


+ you never know what might happen to your confidental info. I am sure Polo is doing their best to store them well well but you never know still.
legendary
Activity: 1276
Merit: 1001
September 25, 2016, 01:42:56 PM
Whats the problem to register for more? When you dont use it for criminal activities i see no problem.

Privacy.
sr. member
Activity: 434
Merit: 250
September 25, 2016, 01:24:27 PM
Whats the problem to register for more? When you dont use it for criminal activities i see no problem.

I just send a copy of my ID and asked the support. In less than 24 hours they limited me to 250.000$ without any further demands.

Very professional and fast these guys i cannot complain.
legendary
Activity: 1092
Merit: 1000
September 25, 2016, 01:08:02 PM
I thought monero in spite of low btc volume with this highish price was good news. Enlighten me if I'm wrong

Next news will be RingCT/GUI Wallet.
But that's not really news either.

Just wait until someone with a lot of money decides to go in.


The big money needs OTC to enter because it is literally pain in the ass to withdraw any bigger amounts of Moneros from Poloniex. With unconfirmed accounts you can withdraw only 2000 usd worth of coins in 24 hrs which is merely less than 200 XMR/day.
Sure you can use bittrex and other exchanges but then you need to pay to arbitrage traders their cut so OTC will be the best way to go for any bigger amounts of money.
sr. member
Activity: 358
Merit: 250
September 25, 2016, 01:00:44 PM
I thought monero in spite of low btc volume with this highish price was good news. Enlighten me if I'm wrong

Next news will be RingCT/GUI Wallet.
But that's not really news either.

Just wait until someone with a lot of money decides to go in.
newbie
Activity: 55
Merit: 0
September 25, 2016, 12:54:43 PM
I thought monero in spite of low btc volume with this highish price was good news. Enlighten me if I'm wrong
legendary
Activity: 1092
Merit: 1000
September 25, 2016, 12:49:28 PM
There is optional publicity which enables also "honest" trading (trading that has been taxed). Monero is very much like cash - cash can be anonymous if it is not tracked but it can be public if it is tracked. So far governements have not forbidden using cash... I see the future of Monero very similar and I hope Monero is not too much associated with criminal activities because that is the very thing which might cause some misunderstandings among the regulators and thus they might want to ban Monero with no sufficient information.
legendary
Activity: 1624
Merit: 1008
September 25, 2016, 11:09:58 AM
^^volumne has been ~3000 for a few days
volume on almost all coins on polo is lower than usual
that is recent usual
newbie
Activity: 55
Merit: 0
September 25, 2016, 11:06:02 AM
The volume sitting at 3000?
sr. member
Activity: 434
Merit: 250
September 25, 2016, 09:23:05 AM
GOV has not advance of "crypto"...

Best thing for GOV are cashless payments they can observe and control. In the EU for example was just few weeks ago a debate to force to cashless payments. The first step is already made: To the end of 2018 they'll stop producing the 500 EUR banknote ( https://www.ecb.europa.eu/press/pr/date/2016/html/pr160504.en.html )

So exactly what we and most of the people dont want (except ordinary people who really dont care about privary or anything which is little related to criminal things even fiscal evasion)

The little man, working 12h per day for little money, driving exactly to speed limit, paying everything as he should, beeing ordinary and spend money for everything what is necessary to be part of the mainstream...that's our guy which is and will never be interested in cryptos. (exaggerated)

Thats why i think that GOV will forbid soon or later ordinary companies to either use/accept cryptos (because they cannot control it) or will put extras tax on it.

But doesnt change anything that more and more people are going to use cryptos Smiley

Edit:

btw. i see atm a problem with the volume at XMR.
legendary
Activity: 2744
Merit: 1288
September 25, 2016, 07:46:24 AM
Are any of you guys worried that governments might try and succeed to do something to monero or even bitcoin that can hurt their value?

What they will do is tax economy that si building around crypto. Governments that will tax them last will gain most since Crypto economy wil move to their countries.
newbie
Activity: 55
Merit: 0
September 25, 2016, 07:32:32 AM
Are any of you guys worried that governments might try and succeed to do something to monero or even bitcoin that can hurt their value?
legendary
Activity: 2744
Merit: 1288
September 25, 2016, 06:43:16 AM
Monero is quite intriguing to me but I have yet to purchase any coins. I'm thinking of buying a handful in case it does go to the moon in the future, but I'm too unsure to grab a ton. I'm definitely watching and waiting because I'm fairly certain something will happen with this coin, but I believe it could go both ways.

You dont need to grab a ton.
Buy few coins. Hold them 2 years and you will be able to have nice vacations with the profit.
Or buy as much coins you would spend for a vacation now and you will be able to buy new car in 2 years time.
Or ...
legendary
Activity: 1092
Merit: 1000
September 25, 2016, 01:53:58 AM
Back to speculation:

I opened a chart from since beginning of September (the final big leg before current consolidation period).
I see lower highs and higher lows. Therefore I am expecting some major volume hitting the coin in 1-2 weeks from now. The charts are not obviously bullish nor bearish so I think it is pretty much 50 % chance to go up or 50 % chance to go down, give or take.
However, if it goes down, it is not permanent and it is considered an excellent buying opportunity to buy some major amounts of coins. If it goes down, it might be also tempting to buy more (in the beginning of rise it is nice to have more coins rather than less coins).

Fundamentals are bullish but technicals are neutral.
legendary
Activity: 1092
Merit: 1000
September 24, 2016, 11:13:42 PM
Than tell us excatly how to make infinity returns.

Use other people's money (banker) in investing and put the tenant to pay all the costs + ammortization.
Use 100 % financing.

if a lack of tenants that are able to pay this rate occurs in the market, as well as a lack of buyers willing to buy real estate at at least par values, what happens?

Don't buy such pains in your ass. Obviously you do your due diligence before buying any investment.

Real estate/appartments/commercial space is more a business than investment so some sort of entrepreneurial skills (organizing skills) are needed.


Just a couple of points.

1. NRG said "in my country" but didn't state which country...since different countries have different rules and regs, so how do you know these are 'excuses'. I know this is a rather radical idea, but how about listening to other forum members.

2. The idea of 100% finance and selling the dream of being a landlord is one of the reasons for the GFC.  Amazingly, your attitude was actually shared by millions of people in 2008 - it will never happen to me, cause I'm so clever. Your smug tone makes me hope you get over-extended and it all collapses.

3. Also, one of the reasons for social inequality in many countries is the rise of what I would call this 'new feudalism' which you propose; young people can't get on the property 'ladder' because the greedy and rapacious own 4, 6, 8 houses or units.  


I second all that. Its a sucker entry into debt slavery. Selling off our kids for an illusion of gain.
The days of 100% finance seem well an truly ovanyways unless one enters into very sub optimal arrangements.
Nothing has been fixed since 08. They literally put a Tarp over it and called it such. It will be pulled any day now. Woe to all who are highly leveraged. Its a beautiful system of real wealth consolidation using fiat as bait. Why didnt I think of that?Huh

If you do not feel comfortable financing 100 % (essentially you need to own something else anyway to do it in current environment).

If you are first home buyer, then probably the best way to start is simply save the nest egg of 10% 20 % 30 % 40 % or 50 % and the rest borrow from the bank. Bear in mind, the loan negotiations with bank are relatively painless if you have a nest egg (track record of taking good care of your personal finances). Banks are more than willing to lend money to good borrowers who will repay and will not default. Default is not in the best interest of banks but a good repayer.

That being said, I agree than crypto with no debt is far better system than the fiat system which is built upon greater fool principles when it comes to taking debt. However, I am just a small fish in the ocean and I have no power to change anything, therefore it is better to play with the rules and borrow for 1 % and earn 10 %.
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