[XMR] Monero Speculation - page 1146.

vokain

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Quote from: Anon136 on August 31, 2016, 01:16:19 PM

Quote from: infofront on August 31, 2016, 01:11:30 PM

I can't post a chart right now, but XMR is looking bullish as hell ATM. We might be looking at another leg up tonight.

So hard not to buy more. Must resist. Wife would kill me. Must resist.

The networking effects from this rise... I can't even guess at it.

smooth

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Quote from: TrueCryptonaire on August 31, 2016, 12:07:52 PM

Actually this is quite relevant as well since it was put originally quite close to the spot (I've followed this). On the other hand, the wall guy or girl is playing games with us. He first sets walls and the bids are increased to around 7 000 btc, then suddenly pulls off 1000 btc from buy orders. I am not quite sure what he is trying to do...

I think whoever it is is trying to make a big buy-in without massive upward slippage. So they put the wall there periodically enticing someone to move coins to the exchange and dump, and remove it to avoid pushing the price up.

It's probably a large Bitcoin whale who wants to reallocate/hedge in a big way onto a different chain/project. Someone on the level of Roger Ver, or possibly literally him (but probably not).

Anon136

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Quote from: infofront on August 31, 2016, 01:11:30 PM

I can't post a chart right now, but XMR is looking bullish as hell ATM. We might be looking at another leg up tonight.

So hard not to buy more. Must resist. Wife would kill me. Must resist.

infofront

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Shitcoin Minimalist

I can't post a chart right now, but XMR is looking bullish as hell ATM. We might be looking at another leg up tonight.

mastertrader777

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Quote from: TrueCryptonaire on August 31, 2016, 12:07:52 PM

Quote from: aminorex on August 31, 2016, 11:37:07 AM

Quote from: mastertrader777 on August 31, 2016, 10:36:24 AM

Just saying why is this big whale continuing to bluff with big walls like this?

It's not a bluff, it's a bid. Feel free to dump into it. If you want to exit Monero with little slippage, now is the time. It's a very nice liquidity offer. Why criticize such a nice offer?

Actually this is quite relevant as well since it was put originally quite close to the spot (I've followed this). On the other hand, the wall guy or girl is playing games with us. He first sets walls and the bids are increased to around 7 000 btc, then suddenly pulls off 1000 btc from buy orders. I am not quite sure what he is trying to do...
But to me it doesn't matter. I think Monero is still severely undervalued.

Thats what I was thinking...some games are being played here.

I'm sure it's a legit bid - but he or she isn't keeping it up for very long.

Not sure whats going on.

TrueCryptonaire

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Quote from: aminorex on August 31, 2016, 11:37:07 AM

Quote from: mastertrader777 on August 31, 2016, 10:36:24 AM

Just saying why is this big whale continuing to bluff with big walls like this?

It's not a bluff, it's a bid. Feel free to dump into it. If you want to exit Monero with little slippage, now is the time. It's a very nice liquidity offer. Why criticize such a nice offer?

Actually this is quite relevant as well since it was put originally quite close to the spot (I've followed this). On the other hand, the wall guy or girl is playing games with us. He first sets walls and the bids are increased to around 7 000 btc, then suddenly pulls off 1000 btc from buy orders. I am not quite sure what he is trying to do...
But to me it doesn't matter. I think Monero is still severely undervalued.

aminorex

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Sine secretum non libertas

Quote from: mastertrader777 on August 31, 2016, 10:36:24 AM

Just saying why is this big whale continuing to bluff with big walls like this?

It's not a bluff, it's a bid. Feel free to dump into it. If you want to exit Monero with little slippage, now is the time. It's a very nice liquidity offer. Why criticize such a nice offer?

mastertrader777

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This isn't fud.

Just saying why is this big whale continuing to bluff with big walls like this?

These were the same sort of walls we were seeing at 147's before the 125 dump.

Check previous post history to see what I'm talking about.

Lets speculate.

No fud.

Cheers,

mastertrader777

infofront

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Shitcoin Minimalist

Buy orders are approaching 7,000 BTC

Bagatell

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Quote from: CTTE on August 31, 2016, 09:41:09 AM

Would this be based on some sort of news?

Just the usual fear and greed.

CTTE

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Would this be based on some sort of news?

cAPSLOCK

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Note the unconventional cAPITALIZATION!

Quote from: obit33 on August 31, 2016, 09:32:22 AM

breaking out? Shocked

Too soon to say

obit33

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breaking out? Shocked

kurious

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Quote from: coinits on August 31, 2016, 05:19:49 AM

Quote from: GingerAle on August 31, 2016, 05:03:29 AM

Quote from: Ratatosk on August 31, 2016, 04:41:46 AM

Quote from: kurious on August 31, 2016, 03:26:54 AM

Storing XMR safely is NOT easy for 99% of computer users - and even a few hundred is now money you can lose sleep over.

Download https://github.com/jwinterm/LightWallet2/releases
Extract https://github.com/monero-project/bitmonero/releases in same folder

Launch Lightwallet, and done, easy...

Storing it is incredibly easy.

Accessing it is not as easy, but still easy if you spend 5 minutes to learn the CLI. https://www.youtube.com/watch?v=jIRMM3F1jsE

I'm in my 50's with limited computer skills. I use the command line client. If one can read and follow instructions then is is as easy as driving a car. Still a lot of people driving cars without reading their manual and can't figure out how to do certain things. Not the car's fault just like it is not XMR's fault.

I have learned it, thank you - I just think a GUI is way easier for a 'normal' person to use. It's not FUD, nor nonsense, and it took me a fair bit longer than five minutes as a Mac user to learn to use CLI.

coinism

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Quote from: nanobrain on August 31, 2016, 03:14:09 AM

BAck into the 140s but someone does seem to be determined not to let the price rise too quickly/at all. EDIT - back down before I can even finish posting.

The next week will be interesting.

I suspect potential XMR users on AB have now bought their coins, so will vendors sell their new fangled Monero straightaway or hold? I suspect most have cashflow demands that necessitate the former. Until a behavioural pattern emerges I believe some volatility may be ahead - good if you're a trading addict, painful for us hodlers.

I'm also expecting a lot of press exposure - some of it negative - "New anonymous coin empowers dealers, thieves and terrorists".

the ones who have bought their coins already are not your average future xmr users. There will be other waves.
knowing most dealers in dnm are not the most stupid ones, i would assume them to hold most of their future cash in xmr as it is not wise to hold it as cash bills at home (not to loose their accumulated cash in a raid for example) or even in btc (if you are paranoid enough - with xmr u need a view key to see the balances).
Volatility will be huge for end of the year and this year will be the make it or break it year of monero.
if it manages a 5-10% btc mc end of 2016 it will be a highly successful experiment. Even the current 1.09% btc mc is very good considering there is not much infra yet.

Yes all news is good news for monero. It was the same with bitcoin. The more we see mainstream media scaring citizens about this new infectious currency called monero, the more people will start using it. Free advertizement.

TookDk

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One coin to rule them all

Quote from: coinits on August 31, 2016, 05:19:49 AM

Quote from: GingerAle on August 31, 2016, 05:03:29 AM

Quote from: Ratatosk on August 31, 2016, 04:41:46 AM

Quote from: kurious on August 31, 2016, 03:26:54 AM

Storing XMR safely is NOT easy for 99% of computer users - and even a few hundred is now money you can lose sleep over.

Download https://github.com/jwinterm/LightWallet2/releases
Extract https://github.com/monero-project/bitmonero/releases in same folder

Launch Lightwallet, and done, easy...

Storing it is incredibly easy.

Accessing it is not as easy, but still easy if you spend 5 minutes to learn the CLI. https://www.youtube.com/watch?v=jIRMM3F1jsE

I'm in my 50's with limited computer skills. I use the command line client. If one can read and follow instructions then is is as easy as driving a car. Still a lot of people driving cars without reading their manual and can't figure out how to do certain things. Not the car's fault just like it is not XMR's fault.

I would prefer a gui as well. Nevertheless, the 4 basic things you need to learn is not too difficult:
1. Sync Wallet
2. Check ballance
3. Transfer funds
4. Receive funds

Its explained not too tech savvy here:
https://monerobase.com/Simplewallet

1. The wallet sync goes more or less automatic, just open (double click) bitmonerod.exe (this application handle the blockchain)
2. Then open simplewallet, if opening for the first time, then follow the instructions to create a new wallet. Once you are done, you can check your balance by typing "balance".
3. Transfer is a bit more difficult if not used to using command lines. However there is a nice template in the link above.

Code:

transfer 3 493JYDeY6taJV2bXYsa4vh2kkub7URErJ4B3cN7NKeNG5JFlNr3iTo4jJbS35AxcTgErouA8x8gLo9C2AiBu27i4KFMXXcp 5.32 93af87e91c0f2a14ay0a7198f45a458673d724b9c110d355c9effe81a64de4f7

if you are using windows standard commandline, then can you copy (ctrl-c) a address from a browser and paste it into the command line by right clicking on the mouse.
4. That is the most easy part, the sender only need to know your monero address, you don't need to worry about payment id. Payment ID is only to differentiate difference transfers that goes to the same address.

In any case, try playing around with a few XMR just to learn the basics.

phishead

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Keep what's important, and know who's your friend

Quote from: kurious on August 31, 2016, 03:26:54 AM

Quote from: Anon136 on August 30, 2016, 07:51:03 PM

Quote from: shmadz on August 30, 2016, 07:25:09 PM

Quote from: Anon136 on August 30, 2016, 03:54:59 PM

The gui thing is actually starting to become a big deal now. Previously almost everyone in the community was comfortable with CLI and we had no need to rush adoption so it didnt really matter very much. But now as we see slightly wider spread adoption, more people who are not comfortable with CLI are coming into the space. The problem here is that this probably means people are keeping WAY too many monero on the exchange. Making it a very ripe target for attack. A lot of people might get burned because of this.

While of course the GUI will be nice, and an added bonus, I don't think it's that big of a deal.

Consider the following three broad categories:

Early adopters - (you covered this already, but anyways Grin

) while the gui will be some icing on the cake, I would say most of us are comfortable enough with the command line. Also, we're already in; we may provide support in the event of a price drop, and liquidity as the price rises, but you will not see significant growth from this group at this point (assuming we've all entered long ago and are happy with our respective positions)

Speculators: these guys pretty much need to keep their coins on exchange anyways; whether they are loaning coins, borrowing coins, making a market through open bid and ask positions, etc.

DNM users: typically they would be holding relatively small amounts for short periods of time. I think Shapeshift and MyMonero are sufficient for this use case. Or, even easier and more important than a GUI, if there were a fiat/xmr exchange that they can use to simply buy Monero and transfer direct to the online merchant...

I think this analysis completely ignores a broad new swath of users. Future historians my find them to still be very early indeed, but lets call them, for lack of a better term, late adopters. This is the group my post was concerned with.

But I guess the whole post is moot. It looks like we are getting our gui sometime within the next 2 weeks or so Grin

. I was never one of those people who was gui obsessed but I'm certainly excited about its impending arrival.

Agreed - I do think it is myopic to say it's 'no big deal'

I have struggled through CLI learning curve on my Mac (with Saddam's encouragement and other's including Anon's kind offers of help) and no-one I know would even understand what I was talking about. With the increase in value - the temptation for hackers who must be salivating at one single exchange with (likely) so much stored wealth lying around (which, if they steal, cannot be traced, remember) will be incredible.

Even MyMonero must have people snooping around looking for ways in. There could be a black swan event with only one exchange and a simple web wallet site out there, the compromise of either being something we could do without.

Storing XMR safely is NOT easy for 99% of computer users - and even a few hundred is now money you can lose sleep over.

Sorry to keep banging on, but I am one of these people - and there are many millions of me!

I am definitely one of those people, believe me. The thing is, your going to have a ton of questions that come up when you are doing this stuff; atleast I did. That's normal though! I would suggest hanging around the #monero channel on freenode IRC, there are people asking and answering questions there all the time.

I thought I was being too annoying asking these seemingly mundane questions that everyone seemed to know the answer too, but this community is great in that they will and usually like helping people get through whatever trouble your having.

It's super convenient when trying to learn CLI or doing whatever to just ask in a chat room like that, rather than waiting for responses on forums or something like that.

ungchy

newbie

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Has anyone heard about the Tor strike tomorrow?
If they really do that it would be the most stupid idea to do anything an a DNM
on the 1st September.

https://ghostbin.com/paste/kmnzz

dEBRUYNE

legendary

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Quote from: kurious on August 31, 2016, 03:26:54 AM

Storing XMR safely is NOT easy for 99% of computer users - and even a few hundred is now money you can lose sleep over.

Why not take a few hours to learn and understand this guide? It has videos and pictures and therefore should be easy to follow.

https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/

coinits

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011110000110110101110010

Quote from: GingerAle on August 31, 2016, 05:03:29 AM

Quote from: Ratatosk on August 31, 2016, 04:41:46 AM

Quote from: kurious on August 31, 2016, 03:26:54 AM

Storing XMR safely is NOT easy for 99% of computer users - and even a few hundred is now money you can lose sleep over.

Download https://github.com/jwinterm/LightWallet2/releases
Extract https://github.com/monero-project/bitmonero/releases in same folder

Launch Lightwallet, and done, easy...

Storing it is incredibly easy.

Accessing it is not as easy, but still easy if you spend 5 minutes to learn the CLI. https://www.youtube.com/watch?v=jIRMM3F1jsE

I'm in my 50's with limited computer skills. I use the command line client. If one can read and follow instructions then is is as easy as driving a car. Still a lot of people driving cars without reading their manual and can't figure out how to do certain things. Not the car's fault just like it is not XMR's fault.

Topic: [XMR] Monero Speculation - page 1146. (Read 3314330 times)