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Topic: [XMR] Monero Speculation - page 1118. (Read 3314330 times)

legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 05, 2016, 11:56:07 AM
i suppose the recent BTC rally was mostly triggered by XMR exits
You got that precisely backwards. The BTC rally may be fiat currency flowing into Monero via BTC


if that were the case then why did monero go down precisely at the same time that bitcoin went up?

Because folks mark in USD. They don't just market buy at funding time. They fund, and then trade on moves.
sr. member
Activity: 700
Merit: 250
September 05, 2016, 11:49:38 AM
i suppose the recent BTC rally was mostly triggered by XMR exits
You got that precisely backwards. The BTC rally may be fiat currency flowing into Monero via BTC


if that were the case then why did monero go down precisely at the same time that bitcoin went up?
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 05, 2016, 11:46:33 AM
i suppose the recent BTC rally was mostly triggered by XMR exits
You got that precisely backwards. The BTC rally may be fiat currency flowing into Monero via BTC
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 05, 2016, 11:40:31 AM
pump

So you're saying "Monero is a bubble"?

that your basic point 'markets go down as well as up' is valid.

Not always.  Some markets only go up.  Mongolia was straight up for years.  It is what happens to mispriced assets.

legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
September 05, 2016, 11:29:17 AM
Heavily premined coin
Calling a spade a spade I would say "premine scam".

I admit that I'm worried it will affect Monero's recent rise.

Please worry me a wall.
sr. member
Activity: 514
Merit: 258
September 05, 2016, 11:01:18 AM
Ive been doing altcointrading and lurking on here for 10 days or so now and just signed up. I've 145%'ed my initial investment so far. I'm new to this game and as such I'm all ears to any expert input. I particularly like Mcscrooge avatar guy and the vulture guy.

XMR looks to have established a new floor of .021, I don't see why the big boys wouldn't pump it to .03 by the end of the week since after every pump there are new bagholders who for instance won't sell at .0215 what they bought at .022. XMR is bullish because the floors keep going up. Watch the weekend's new floor be .025 after a .031 ceiling. I don't see the whales abandoning ship at least until Zcash comes out. This is my opinion, and I'll keep holding onto my bag for now.

Since I'm new to this game Id like to ask those of you who have been trading longer:

When do we get a "Coinbase" for XMR?
What is a GUI, and what would it do for this coin?

I know Google is a thing but I like the back and forth better.

I like mcscrooge and the vulture, but also the guy with the fear and loathing in las vegas cat  Wink

I tend to agree that XMR establishes new floors, but still think/fear we will get a big correction sometime, just don't know when...


Considering your questions:

- I think XMR already has this: poloniex.com, litebit.eu, livecoin.net

- a GUI is a graphical user interface. XMR had no official GUI yet, it seems that the GUI is ready now... it just needs to be released as an installable.exe for noobs like me... It would greatly improve the ease of use of XMR, cuz now the xmr-wallet is commandline... means typing in commando's and people tend to get uncomfortable when they can't just 'click&send'... wallet looks like this: http://imgur.com/gallery/HlC1u

for more info about xmr there's also the stack exchange http://monero.stackexchange.com/ with lots of questions and answers... XMR is only the third crypto (after BTC and ETH) with a stack exchange site...
legendary
Activity: 1232
Merit: 1011
Monero Evangelist
September 05, 2016, 10:37:59 AM
Z.Cash is a investor and exit-driven startup, that needs to earn money for it's investors and founders. US-based and dominated by their laws and goverment.

They no have zero engineers with cryptocurrency backround or expierence, outside one of them being, being a so callled cryptocurrency enthusiast.

Because they have no brain-power, references, proof of skills or proof of concept, they added a huge rooster of random mostly unknown scientists (with the exception of Green) and some known "paid advisers". The only input these advisers contributing to the project is providing there mugshots via eMail, for the photo on the website. The question is, if these advisers even know, this company exits and that they are advisers for them or were the adviser contracts booked directly at the personal assistent, secretary or media agencys. Wink My guess would be, 2 of the 7 don't know they advise this great startup and 2 others of this list, don't know the product or general concept/idea.  

Plus, they show an embarrassing long list of investors providing 3000$ till 5000$ each, because they couldn't find some doing a bigger angel investment in there scam project.

They already focus on marketing, because they know, their coin/tech sucks.

I bet my life on it, that this Z.Cash will be a huge fail and absolutely zero competition to Monero.

Z.Cash is the opposite of Monero, if Monero fails because of Z.Cash, it would have died anyway.
sr. member
Activity: 263
Merit: 250
September 05, 2016, 10:36:34 AM
#2 Real world use case? Well DNM's do offer their vendors to use XMR, but as i recognize there are not much customers using XMR by now?

Message from LitePaid.com, the LiteBit.eu altcoins payment gateway plugin for webshops :

"At this moment we are working on the accepment of Monero."

So, soon, directly possible to pay with XMR on most modern webshops with this free plugin.
newbie
Activity: 55
Merit: 0
September 05, 2016, 10:31:06 AM
Ive been doing altcointrading and lurking on here for 10 days or so now and just signed up. I've 145%'ed my initial investment so far. I'm new to this game and as such I'm all ears to any expert input. I particularly like Mcscrooge avatar guy and the vulture guy.

XMR looks to have established a new floor of .021, I don't see why the big boys wouldn't pump it to .03 by the end of the week since after every pump there are new bagholders who for instance won't sell at .0215 what they bought at .022. XMR is bullish because the floors keep going up. Watch the weekend's new floor be .025 after a .031 ceiling. I don't see the whales abandoning ship at least until Zcash comes out. This is my opinion, and I'll keep holding onto my bag for now.

Since I'm new to this game Id like to ask those of you who have been trading longer:

When do we get a "Coinbase" for XMR?
What is a GUI, and what would it do for this coin?

I know Google is a thing but I like the back and forth better.
legendary
Activity: 1008
Merit: 1001
September 05, 2016, 10:29:08 AM
Landies and Gents, please be careful with your XMR!
IF this pump follows the same shematics as the last one, i would sell my XMR now and buy back in way lower.
Just look at the similarities from the last pump, only the timeframe and volume from this august-september pump is more intense.

Last Pump
snip
This Pump
snip

Minus one point for 'landies'  Tongue
Minus one point for 'shematics'  Tongue
Minus several points for calling market rises 'pumps'.  Tongue Tongue Tongue Tongue Tongue

Other than that your basic point 'markets go down as well as up' is valid.  Smiley

However, you fail to recognise that if you had bought in on Mar 26th (close to .004) you would now be sitting on profits of 500% and wouldn't have had to go through all the uncertainty of "when should I buy back".  

#1 I never complained about my missed profits, i made my profits. Please keep in mind that the BTC ATH was an artificial pump made by one person.

#2 Real world use case? Well DNM's do offer their vendors to use XMR, but as i recognize there are not much customers using XMR by now?

#3 As i said earlier, let's wait until the next weekend what the "market" is willing to pay for one XMR
sr. member
Activity: 306
Merit: 251
September 05, 2016, 10:27:28 AM
Wow!  483 nodes up and running.   Most I've ever seen and I look a few times each day.

https://monerohash.com/nodes-distribution.html
legendary
Activity: 2702
Merit: 2053
Free spirit
September 05, 2016, 10:11:35 AM
Landies and Gents, please be careful with your XMR!
IF this pump follows the same shematics as the last one, i would sell my XMR now and buy back in way lower.
Just look at the similarities from the last pump, only the timeframe and volume from this august-september pump is more intense.

Last Pump


This Pump


I managed to hold on to my hands as it was dumping, but I was there early enough. Watching. Just expecting the counter pump any second that never came.

Be nice if I could make my 800 back into the original 1400 from a few years back though. But maybe that's greedy.

I invested in better times and now we are struggling so no new money can come in from me. But I always considered this a long term thing and not an option for just collecting a few dollars to fritter on nothing.


sr. member
Activity: 700
Merit: 250
September 05, 2016, 10:04:40 AM
Just about 15% + to top LTC mc Cool
sr. member
Activity: 700
Merit: 250
September 05, 2016, 09:59:29 AM
it's indeed plausible XMR continues to x2 - x4 from it's current mc until end oct. once zc comes out i would predict a similar scenario as what we saw with BTC just now. i suppose the recent BTC rally was mostly triggered by XMR exits etc. i would imagine people to trade and hedge XMR profits into zc hoping to make some more profit and play the market in end oct. But until zc comes out i'd imagine XMR to be the favorite day trading and / or holding crypto. Couple of more main stream news stories, GUI release etc and more fans = 0.05-0.1. why not..  
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
September 05, 2016, 09:31:29 AM

Minus one point for 'landies'  Tongue
Minus one point for 'shematics'  Tongue

Wasn't "Landies and Gents" the second album by The Shemantics?
sr. member
Activity: 514
Merit: 258
September 05, 2016, 09:26:29 AM
and you haven't seen the last of the free financial advisors.


This. tons of newbie accounts coming out giving financial advice, bah...

I predict a new ATH by tomorrownight for XMR, based on voodoo, sorcery and far from superior TA-skills!
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
September 05, 2016, 08:22:36 AM
Just read his post history for real shits and giggles https://bitcointalksearch.org/user/elrippo-448172

Probably the alt of Trade_BTC and you haven't seen the last of the free financial advisors.

Key takeaway: He sold (according to him at 0.0085, in reality probably much lower because at that time 0.009 was peak). So now he has to play cuntrag on a daily basis. He won't understand your language either. So everyone has to read his shitposts about doom and gloom and red regularly.
legendary
Activity: 1092
Merit: 1000
September 05, 2016, 08:19:55 AM
When the market cap of Monero will exceed the marketcap of bitcoin that will be a great day. When shall it happen?

In the beginning I thought alts are secondary to Bitcoin, so can only serve niches that entitle them to at max a few % of marketcap. Bitcoin used to be between 90-95% of total crypto marketcap then.

Some time after I had bought into Monero, I realised that it does everything that Bitcoin does, but better (by being anonymous by design). This lead me to think that normal innovation adoption rules apply, and even if Commodore 64 has 100% of the markets at some point, it can be replaced by IBM PC, or NES, or both, subsequently. For this stage, I even formulated the wealth preservation theorem that stated "if any of the alts reaches 20% of BTC marketcap for the reason that it is better than BTC, this will cause 2-5% of BTC wealth to move to that alt for wealth preservation/hedging, which will snowball the alt to become 80% instead of 20% (hence trump BTC in market cap).

Now I am unsure if such a mechanism would actually take place, due to so much inertia that has been accumulated in the system. So I am leaning towards peaceful coexistence, which allows multiple coins to live and have higher and lower market caps. The history shows this is not a winner-takes-it-all market, even if I had thought so. The opposite is true: small things grow and die, BTC stays. But BTC does not account for 90-95% of the market cap any more, as the small things have grown faster.

Yes, there is still a scenario that some coin will take over Bitcoin, and the only coin that has realistic chance to do it is Monero. This will likely require a major flaw in Bitcoin first, but it is already suffering from a death by thousand cuts, if we are honest and clear-sighted.

I am not saying btc and xmr cannot coexist peacefully.
I am more interested in pondering how probable it is more will gain higher marketcap than bitcoin.
I have no doubt btc will lose to some alt coin in market cap. The real question here is if the revolution is orchestrated by Monero or some other coin existing today or in the future.
Bitcoin wise it looks it barely can dump and each  time it has a significiant dump, somewhere is a hack case which takes 30-50 % of bitcoin's market cap. That is not certainly good when it comes to the network effect of bitcoin. In order to create a network effect you need a bullish trend just like bitcoin used to have from the beginning until the end of 2013.
legendary
Activity: 1092
Merit: 1000
September 05, 2016, 08:13:44 AM
Landies and Gents, please be careful with your XMR!
IF this pump follows the same shematics as the last one, i would sell my XMR now and buy back in way lower.
Just look at the similarities from the last pump, only the timeframe and volume from this august-september pump is more intense.

Last Pump
CHART

This Pump
CHART

couldn't care less... even if you bought at the top of what you call the previous pump, you still made out like a bandit right now...

and again, this is not your ordinary pump, monero has utility now... you seem to be the only one who doesn't get this... would you say that bitcoin reaching 600$ was a pump & dump? Sure, there were pumps, but all in all bitcoin is worth this much now because of utility...

let's hope the same happens with monero, good luck trading it... I won't try it for sure

best regards

I agree. The previous pumps were orchestrated by whales, now it is different.
There is a real world use case and therefore I am more hopeful the current bullish trend continues and will make a different charts this time on which you can base your trading in the years to come.
There are fundamentals now backing it up.

Personally I hope all the people selling too early will not get a chance to buy significiant lower because it makes the future rises harder and harder.
sr. member
Activity: 514
Merit: 258
September 05, 2016, 07:43:22 AM
Landies and Gents, please be careful with your XMR!
IF this pump follows the same shematics as the last one, i would sell my XMR now and buy back in way lower.
Just look at the similarities from the last pump, only the timeframe and volume from this august-september pump is more intense.

Last Pump


This Pump


couldn't care less... even if you bought at the top of what you call the previous pump, you still made out like a bandit right now...

and again, this is not your ordinary pump, monero has utility now... you seem to be the only one who doesn't get this... would you say that bitcoin reaching 600$ was a pump & dump? Sure, there were pumps, but all in all bitcoin is worth this much now because of utility...

let's hope the same happens with monero, good luck trading it... I won't try it for sure

best regards
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