Topic: [XMR] Monero Speculation - page 1063. (Read 3314343 times)

Even if you think that BTC/ETH/XMR will fail it may be mathematically appealing to invest.
The excellent risk/reward ratio allows to invest to some degree, even for fairly conservative approaches.

No.  And others who read this know some of them.  Some are well-known persons.  I don't think the majority of finance professionals with an interest in crypto prefer Monero over Bitcoin, but I do know that some of them do.  I don't know of any for whom Monero is currently a significant holding.  I.e. almost all of the upside in that market remains untested.  I do know that some of those who took small personal positions on my suggestion, and made large m-t-m gains, are increasing their positions, gradually.  If XMR persistently surpasses LTC, I may pitch it on a more formal basis to acquaintances in cases where I was previously reluctant to raise the topic, because of the small market cap.  Once it surpasses ETH, I doubt my intervention will be meaningful anymore, as anyone with any investment interest in crypto should know about it by then.

It is fair to call me a "permabull" in the sense that even when I have bearish short term views, I have persistent bullish longer term views.  In fact any short term views I may have, are very loosely held, because I don't generally have better information than the market, so I should in the main defer to the market on short-term discounting.  I think I have a better ability to grasp the bigger picture than the market has demonstrated, so I have stronger long-term bullish views.  So far experience has borne out my estimates regarding the longer term arc of Monero developments, but that is no guarantee of future performance.  I am perfectly capable of imagining extreme scenarios of upside which are highly unlikely to occur.  Yet I consider their possibility to be non-negligible, in general.

I don't think I have ever recommended anyone to buy Monero at a time when it would have taken them more than a year to double their money, if they did as I suggested, and DCA'd.  I was recommending BTC at very bad times, and it has taken years for those recommendations to come out from under water.  I felt bad about that, so I am more cautious now, when making recommendations.  I definitely do recommend buying Monero, here, now.  Anything under 0188 is cheap, IMHO.  Under $10, a steal.  If you are underweight, buy it.  In general, people with lower risk tolerance should expect to DCA over a year or more to minimize average draw-downs.

I can second this, used to work in the industry - Many TMT and family office focused bankers/traders I know own some Crypto - Bitcoin, Ethereum and Monero in descending order of frequency. I'd be interested to know the same from the precious metals side of the house.

They mostly take the long tail risk adjusted value view many here have...crypto will either be huge or nothing in 10 years. Can't afford not to participate even only as a hedge against fiat

Talking to wall street types specifically about Monero and it's advantages over Bitcoin is something Aminorex has talked about doing in his posts regularly over the past couple of years so, I have no reason to doubt him in this area.

Maybe I'm wrong but maybe that RPC FUD were pro hit pieces from an accumulator(s)

We know you're a perma-bull but are you just making shit up now?  


Next you're gonna say all these "professionals" / hedge fund managers prefer to invest in monero over bitcoin

MAAM #32 Monero Ask Anything Monday (Thursday)

https://www.reddit.com/r/Monero/comments/53z4ws/maam_32_monero_ask_anything_monday_thursday/

I can tell you this: Every single person from Goldman (and every other bank or prop shop or family desk or money manager) that I have spoken with mono-á-mono in the past 2½ years has bought some XMR for their personal.  Never more than a few thousand.  And I don't think any are selling yet.  If they were, I would mock them viciously: DNMs are step 1.  And we haven’t even made it half way through step 1 yet.  This thing has its best years ahead of it.  We can actually afford software now.

we could all be one big happy chain...

By private they mean internal, controlled by them or shared only with similar entities like themselves.  Just what Satoshi envisioned 

Maybe they mean internal blockchains, maybe they're referring to a more confidential Bitcoin, maybe they want Monero, maybe they hedge a bit and keep an eye on all disruptive developments...

haha xD i hated this time so much. Remember when i tried to open with the netscape browser the aol.com site to get my mails. In the meantime i made coffee and ate breakfast

Horrible

This is why I'm sure they are not in the game. The market cap. would be much bigger.
What I'm trying to say is that they will not join the game. They will try to kill it.

edit: I'm a long term "small"-bag-holder. I also trade with small amounts for over 3 years now (without any notable success yet).

56k was high speed.

@OrangeP

You have no idead dude how uninteresting these markets are atm for companies like goldman sachs etc. We talk about 12 Billion Dollar. That is nothing for them compared to stock exchanges. You have to learn a lot about this business. Cause they earn money with capital investmens, share holding and stock rollouts like facebook. A companie like Apple could buy all currencies over night.

We are with crypto what internet was with 56k modem in the 90s buddys.

Edit:

but if you convinced, than go short. Maybe you're also rich soon

This regulation will also hit vendors accepting crypto for goods and services.
It's another big bump in the road towards acceptance and will scare a lot of investors (including me).

I'm wondering why no big financial institutions are into coins.
They are smart enough to see the potential profits, wealthy enough to make the market.
But they are fighting against the new world order of cash and this law is one result.

"You can't tell til you bet!"

lol @ "short term trade like a week or so" + "invest"

bro



For everyone, really

Is the current price pf Xmr at around .017 btc still viable to buy for a short term trade like a week or so? Im looking for altcoin to invest

And so? Than people are going to just use exchange providers which are not located in the US Its anyway better for anyone cause no country on earth has such a spying GOV like US.


For sure not hardcore. Probably even no drop. If GOV tries to fight cryptos (what they are not doing atm) they'll lose like it was with prohibition.

Read the news behind the law. Its not about fighting, more about acceptance as a financial product. Which is quit good.

This policy is going to be implemented in all US states and will make crypto drop hardcore.