Topic: [XMR] Monero Speculation - page 1120. (Read 3314330 times)

No chance Bitcoin of getting CT in the short term.  But many users need fungibility Right Meow, so Monero fills the gap.

Medium term, perhaps CT will be successfully launched on a sidechain.  But you can still see which BTC are associated with that tainted sidechain, so back to square one.

Long term, good luck making a hard fork to add a feature rather than fix a dangerous bug.

Your thoughts seem to be very incoherent. Why would you hold on to anything right now when the rug is going to be pulled, given this was inorganic growth? Shouldn't you be waiting for something you predicted yourself just a week ago?

I think 2024.  Around 5 oz Au.  (Not sure USD exist in 2024.)  Total WAG, no science.

Never. Stop FUDing bitcoin

^Fair assessment while my view is different I think it's best during this to hold as well.

If we don't have an overshoot and crash at some point, then folks will begin to question whether they can use early bitcoin as a precedent for reasoning about price.  My guess is that will only increase FOMO, due to lack of a cheap entry.  

I have been uber-bullish for more than two years.  Call it "book talk" if you like.  I call it "putting your money where your mouth is".  If I face a massive draw-down at some point, so be it.  I already paid for that in my domestic life, so I am going to exploit my greatest investment power to the maximum, namely, the power of patience.  I have seen too many people miss out on the exponential moves by out-smarting themselves - and even done it myself a bit - so I refuse to make that mistake.  "Be right and sit tight" is the classic street wisdom.

It is entirely possible, albeit highly unlikely, that Monero will prove to be much more of a one-way asset than bitcoin ever was.  Every miner who sold XMR for 17 cents should be slapping themselves silly right now.   A few lucky ones may have eked out a few pennies of profit by shorting XMR from time to time, but I am pretty sure that none of the shorts have seen the multiples that long-term holders have seen.  In fact, almost everyone who has ever shorted XMR is probably very stung, and stuck with a huge loss.  Who is left to sell, if both miners and speculators are punished so harshly for it?  Our whale accumulator may dump again  - if it worked before for him ... but I don't know that it has, and I am quite sure that his carry cost is far less than his amortized gain, so he has little or no reason to dump if it didn't work.

It may be the reserve demand on XMR will significantly outpace that of bitcoin.  If so, we will not experience bitcoin's historical levels of volatility, but rather something more like its recent (2015  - 2016) relative stability and steady appreciation.  I am just describing a possible scenario, not making a prediction.

The demographics we can count on to provide liquidity are merchants and market-makers.  So trading bots are good.  But I would still prefer a humans-only exchange for my personal, very human, trades.

See the post above yours this is exactly what a project doesn't want because the rug is going to be pulled and then maybe it will make more sense. Do you really want the current positive sentiment fraught with the cries of scam coin when the market corrects? 10× is not organic growth....

Another realist. We have seen this before, plenty of times. Some have left the thread though, so hats of to you for sticking around  but no need for "douche"baggery.

When the market cap of Monero will exceed the marketcap of bitcoin that will be a great day. When shall it happen?

We both own xmr I'm just being realistic whilst that was just douche talk.

We all bow to your experience.

I disagree. XMR at $30-$50 will see far more "investments" ( compared to the current prices) from the network we are talking about here. They won't see it at the moment, and won't let their network see it (scamcoiners that is). Currently the ones who are getting in know exactly what is going on and what is in store for the future. They are not going to make a splash about it. Roger Ver seems to be an exception to this, and I very much doubt his authenticity as well given that this is a potential conflict of interest. He may be genuinely diversifying but hard to say.

I agree with the fundamental of xmr but pumps like these in succession will not end up attracting users in the end.

^^That^^

It is a difficult paradigm shift for the masses still. There have been zero assets to compare with Monero, so it makes it that much more difficult. I got into BTC when I read the whitepaper, a membership and knowledge about this forum came much later unfortunately otherwise I would have been a bit more financially successful (rocket had left the station) and I was just left admiring the math.

When the CryptoNote whitepaper came out, I knew what was in store. I also pleaded with @thankful_for_today to make changes initially, both in forum and in IRC but that was one headstrong dude. I miss @tacotime's presence these days. We were both OPs in the initial IRC channel that we later surrendered to the current team. Good times.  

I bet the CN team are all pleased with the hard work and continued research publications that come out from the current team regardless of the external animosity at times. The cryptography is top notch math.

Even Ethereum has published a lot of good papers. But there is no way that a model of distribution like that will see long term success. It has to be meaningful blood and sweat with respect to mining and verification for it to make sense and it is going to take a while for everyone to get off that train. This is also a big short coming and narrow sightedness of zcash. Awesome math, bad model. They will be flipped for Bitcoins and that is where it will end. XMR is going to be the real wealth.

This is the most bullish event since that other bullish event: https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449

That's been for sale for ever. Someone bought it. 

THIS is why I will never sell my XMR for a long while! Well put mate!

FOMO hype hasn't really begun yet, announcements on XMR adoption coming through on a regular basis (beyond the DNMs), GUI wallet ("soon"), large investors have clearly moved in (larger ones to follow). [EDIT] I forgot: other exchanges, envious of polos massive XMR volume, will adopt XMR adding both availability and coverage.

Don't confuse this with some fly by night coin -- XMR has been around and done the hard yards (I first bought in two years back and suffered a few times).  It's all about perspective: you probably consider a $32 BTC very cheap but five years ago it was a "ludicrous" price.

Monero is nice but 0.01 is a bit more reasonable current price would be pure labor to maintain. Hopefully the fomo hype calms down a bit and the lambs don't get too slaughtered.

AES-NI is the most efficient method of solving cryptonote, without it any ASIC will not perform well enough to make it practical. Thanks for letting me know math is not patentable, I was really worried for a moment.

Buying opportunity for me.