Topic: [XMR] Monero Speculation - page 1073. (Read 3314343 times)

I think the fact that some darknet markets have begun accepting Monero means the price will eventually go up.
If it would become 1:1 with Bitcoin is really hard to say.
(But it would be awesome since I would make a bit of profit LOL)

If you think Monero will reach 1:1 ratio with bitcoin someday, it means every around 1.5 cents invested into Monero today will be worth of 1 dollar (assuming bitcoin will have the same price in the future) because Monero represents only around 1.5 % of the price of bitcoin.

Some people have even a big chutzpah to claim 1 XMR will be worth more than 1 btc.

The chances are it will go over ATH at some point in the future. I am not sure when but the odds for that are surprisingly high.
Therefore, consider any price below parity with bitcoin as a discount. For instance, today the discount to the bitcoin is ~ 98.4 %. 
People buying XMR at current prices are literally paying pennies on the dollars and probably they are not aware of it even... 

Glad to see the price is up today, I hope it will continue to go back to its peak price. Still cannot realize any profit but at least I was able to minimize my loses, with it go back to 0.02 this month or not?

Do you mean something like this? https://moneroforcash.com

I have no real idea if this is legit and haven't investigated whether it's a very secure site or not, I just found it and thought it looked interesting as a start...

Yeah, probably, max is pretty open to anything outrageous and anti-establishment-banking-system.

I'd advise against it, and not just because I'd still like to continue accumulating.

Similar to the way Satoshi reacted when the silk road news broke, I think it's still too soon. I guess it's always too soon, but in a perfect world, I'd have a well tested GUI in place and also a trusted fiat exchange lined up before I went around actively seeking attention... If ever.

I'm not sure Monero would actually benefit from mainstream attention at all , actually. If word spreads naturally through black markets that Monero can actually act the same as cash, i think that's preferable. I mean, I've seen news that "criminals" are using briefcases full of gift cards and other nonsense to avoid seizure and forfeiture. I can only imagine what they might do if they ever catch on to the benefits of truly anonymous digital cash.

Edit: I'd like to address my short-sighted use of the term "trusted fiat exchange" - given the nature of Monero and the nature of most centralized exchanges (hello KYC) I think an announcement of a distributed version of "local bitcoins" would be a better answer for the fiat-digital exchange. Given that such an exchange or "meet up" would probably end up being accessed by the same methods as people access the dark net markets, I think that necessity will indeed become the mother of invention in this case.

And here after I finally decided to buy all the way down up we go;D  At least I got some @~150

The change is coins off the sell side and although the total buy side is similar many of those bids have moved up so now >600btc above 150 after a few hours ago almost nothing there.

Edit:  Oh wait, rangedriver   Ok got it

If FP reached out to him in my estimation there is a 90% chance max would be into it.

If this were a poker hand it would be the kind that is a mistake to slow play.

The pattern is a lie!     It's likely some very sharp, algorithmically-enhanced, well-funded players who missed the years of ch33p c01nZ are using their whalesque heft in order to catch up by bullying little fishes into panic selling before the next (French/Chinese/SE Asian?) wave of new money enters the market.

Then there is the fact mass dumping began coincident with Otoh's latest Dash pump.  Recall he rage-dumped tons of XMR last year, because in order to warn the public of fraud some socially conscious Mustangs said unflattering things about his instamined shitcoin HYIP.

I notice XMR is up on very low volume relative to the rest of the moonth, which is unusual, but perhaps explained by the high(est) daily volume compared to the other coins being traded.

Lets get fluffy pony on the keiser report . Really I bet it wouldn't be that hard at all to make it happen. Or maybe there is more value in keeping a low profile.

I don't know anymore. I've given up trying to predict. I think I'm gonna move to full BTFD mode, or maybe just dollar cost averaging. I sold a nice chunk on the way up and I think I'd like to get it back now. Was hoping for a better price, but my patience is wearing thin and I'll start taking whatever I can get.

We've now broken the pattern... But is it just one big buyer and then we resume the float towards or actual trend reversal.  Our volume will help tell that story I think.

But with folks Max Kaiser waking up to monero is just a matter of time before...   

... China

What do you think? Is this finally it guys. Have we finally found support? This pattern doesn't quite match anything we have seen yet in this down trend.

Are there just no sellers left?
As usual my bids are left gasping for air, drowning as the tidal wave of support washes over and buries them.

It appears as though I might have to make do with a lower percentage of the total than I was hoping for,  
C'est la vie.

Edit: I mean, I can see the sellers walls, their asks just sitting there, tempting... But there seems no selling pressure. seems like no one willing to let go...

Edit 2: ah, here it comes?

I already closed my short with +7%....when you still think that a conversation in this thread will change anything on the price than you should maybe go for another business xD So what i want ot say is, that i dont have to talk a price down cause i try to act to the market which means sometimes long, sometimes short...thats how it works dude.

Still trying to talk down the price because of your position.  I guess that's why you haven't released your GUI that was ready 3 days ago.

My position is that of a brokeass chump.

Perhaps. However, people are still buying, so I am not sure about that.

he could it get cheeper in some days 

About .4% of the supply. And he got them super cheap, cos we're a bunch of brokeass chumps: no competition.