Even when Zcash arrives I'd distrust it as a long-term store of value, because of the setup issue (an irresistible temptation for TPTB).
Its not usable transactionally either from my PoV: The implementors are not to be trusted.
Topic: [XMR] Monero Speculation - page 1188. (Read 3314325 times)
Its not usable transactionally either from my PoV: The implementors are not to be trusted.
I'm curious how a currency like XMR is allowed to trade on Polo. How can they comply with KYC and AML given the fundamentals of XMR?
The game is about how many you own and can keep in your possession. If you own 1000 BTC, you are well positioned, but it is expensive to gain that position if you start now. If you owned 1000 BTC five years ago, it is equally good as 1000 BTC now, only if you have managed to keep it from theft, hack, taxman, your own mistakes in storage, and most importantly from your urge to sell.
Many reading this have 1000 XMR, or even much more. In five years, or less, it might have equal value as 1000 BTC now. Statistically, an extremely small fraction of people manage to do it, though.
I believe it's prudent to budget in advance that half of the remaining coins are lost, every time the price rises x10. So the ones who wish to have the coveted 1000 XMR when the price hits $5k, should buy 10k now.
Hmm... it seems that XMR is more mature now than BTC when I heard of it. It has 50 times higher market cap as well...
Many reading this have 1000 XMR, or even much more. In five years, or less, it might have equal value as 1000 BTC now. Statistically, an extremely small fraction of people manage to do it, though.
I believe it's prudent to budget in advance that half of the remaining coins are lost, every time the price rises x10. So the ones who wish to have the coveted 1000 XMR when the price hits $5k, should buy 10k now.
Hmm... it seems that XMR is more mature now than BTC when I heard of it. It has 50 times higher market cap as well...
I like this strategy. Lot of people might say "SELL NOW", price may go down, which is certainly a probable outcome. As for me, I decided I want to have X amount of Monero and I try to adhere around that number. There was a brief time I played the sell because I thought it would go lower, then ended up buying back higher, then the price went lower...personally I don't want that stress and it causes me to make bad decisions. This is the opposite advice some people would give you (don't get attached to any asset, etc). I think you can get attached as long as you ensure the decision is right for you.
https://www.tradingview.com/chart/XMRBTC/cOvLDYMa-Monero-triangle-breakout-expectation/
I totally agree with this one.
I totally agree with this one.
So we have 2 more days of time and no luck if we set under 0.0075.
...getting into deep thoughts about XMR actually replacing BTC in 4-5 years
Why, in the name of all that is holy, would anyone use bitcoin and expose themselves to extortionists, kidnappers, and thieves (governmental, NGO, and freelancers), when an alternative exists? XMR is now the single most liquid alternative. The market, through the mechanism of price, will act to insure that there is enough liquidity to meet demand.
Even when Zcash arrives I'd distrust it as a long-term store of value, because of the setup issue (an irresistible temptation for TPTB). Monero (plus a Lightning Network layer and a Zerocash or Mimblewimble sidechain perhaps) will be the best trade-off between privacy, scalability, and decentralization.
https://www.tradingview.com/chart/XMRBTC/cOvLDYMa-Monero-triangle-breakout-expectation/
I totally agree with this one.
I totally agree with this one.
...getting into deep thoughts about XMR actually replacing BTC in 4-5 years
Why, in the name of all that is holy, would anyone use bitcoin and expose themselves to extortionists, kidnappers, and thieves (governmental, NGO, and freelancers), when an alternative exists? XMR is now the single most liquid alternative. The market, through the mechanism of price, will act to insure that there is enough liquidity to meet demand.
However, I am pretty confident some demand will be coming from there.
Think so too, vendors might ask a risk-premium when customers want to use btc... if buying with xmr would become cheaper...
best regards
I'm kind of expecting 0.01BTC right now 
And kind of getting into deep thoughts about XMR actually replacing BTC in 4-5 years
And kind of getting into deep thoughts about XMR actually replacing BTC in 4-5 years
4-5 years is such a long time that it might actually occur that people start using bitcoin as an alternative currency to Monero. How would the cryptoverse look like if this happens?
I'm kind of expecting 0.01BTC right now
And kind of getting into deep thoughts about XMR actually replacing BTC in 4-5 years
And kind of getting into deep thoughts about XMR actually replacing BTC in 4-5 years
It will be interesting to see how high those Darkmarkets will bring monero and what is the real demand from there towards Monero. However, I am pretty confident some demand will be coming from there.
So, this artificial pump is over in a few days and XMR will have time to consolidate until December back to 0.0018 - 0.0024
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
Selling?? You mean I should not be going all in right now?
You should be doing some research, some thinking and ask yourself some questions like, "what might the commencement of usage on a Darknet market like AlphaBay on 1 Sept have on the price of XMR"?
Don't take too seriously the advice of anyone here, especially those who talk their book.
So, this artificial pump is over in a few days and XMR will have time to consolidate until December back to 0.0018 - 0.0024
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
How is it artificial?
Care to provide proof of your claims?
Well it sure looked special, turning half of the existing XMR in 24 hours. Reminds me of the Mintpal pump.
That said, I believe much good was achieved regardless of anything. It is possible that this was the first real upleg. Or even if we fall back, I believe 420k will now be a strong support. Even going to 180-240k, nothing new there. Not many thought it possible to revisit 100k, yet even that happened!
The game is about how many you own and can keep in your possession. If you own 1000 BTC, you are well positioned, but it is expensive to gain that position if you start now. If you owned 1000 BTC five years ago, it is equally good as 1000 BTC now, only if you have managed to keep it from theft, hack, taxman, your own mistakes in storage, and most importantly from your urge to sell.
Many reading this have 1000 XMR, or even much more. In five years, or less, it might have equal value as 1000 BTC now. Statistically, an extremely small fraction of people manage to do it, though.
I believe it's prudent to budget in advance that half of the remaining coins are lost, every time the price rises x10. So the ones who wish to have the coveted 1000 XMR when the price hits $5k, should buy 10k now.
Hmm... it seems that XMR is more mature now than BTC when I heard of it. It has 50 times higher market cap as well...
Since XMR gained nearly 300% in value in a few days and seeing 100btc buywalls at 0,0080 on polo, i honestly can not believe in "natural" growth.
The fallback will probably be as fast and deep as the upleg.
You seem to be interpreting Risto's post very strangely -- verging on fantasy even.
Risto is drawing the parallel to BTC in 2011 ie a pullback is still possible before another exponential increase. He advises the complete opposite of what you propose ie buy and hold rather than trade your holding away.
And as Febo states, even your figures are wrong.
So, this artificial pump is over in a few days and XMR will have time to consolidate until December back to 0.0018 - 0.0024
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
Selling?? You mean I should not be going all in right now?
Since XMR gained nearly 300% in value in a few days and seeing 100btc buywalls at 0,0080 on polo, i honestly can not believe in "natural" growth.
The fallback will probably be as fast and deep as the upleg.
Monero gained 300% in value in a few months. (0.0021-0.0085)
In few days it gained 100% (0.0042-0.0085)
and in few weeks gained 200% (0.0028-0.0085)
So, this artificial pump is over in a few days and XMR will have time to consolidate until December back to 0.0018 - 0.0024
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
How is it artificial?
Care to provide proof of your claims?
Well it sure looked special, turning half of the existing XMR in 24 hours. Reminds me of the Mintpal pump.
That said, I believe much good was achieved regardless of anything. It is possible that this was the first real upleg. Or even if we fall back, I believe 420k will now be a strong support. Even going to 180-240k, nothing new there. Not many thought it possible to revisit 100k, yet even that happened!
The game is about how many you own and can keep in your possession. If you own 1000 BTC, you are well positioned, but it is expensive to gain that position if you start now. If you owned 1000 BTC five years ago, it is equally good as 1000 BTC now, only if you have managed to keep it from theft, hack, taxman, your own mistakes in storage, and most importantly from your urge to sell.
Many reading this have 1000 XMR, or even much more. In five years, or less, it might have equal value as 1000 BTC now. Statistically, an extremely small fraction of people manage to do it, though.
I believe it's prudent to budget in advance that half of the remaining coins are lost, every time the price rises x10. So the ones who wish to have the coveted 1000 XMR when the price hits $5k, should buy 10k now.
Hmm... it seems that XMR is more mature now than BTC when I heard of it. It has 50 times higher market cap as well...
Since XMR gained nearly 300% in value in a few days and seeing 100btc buywalls at 0,0080 on polo, i honestly can not believe in "natural" growth.
The fallback will probably be as fast and deep as the upleg.
Indeed, gravity will hit. But I do think that 420k will not be broken and 180-240k won't be retested. The issue is that we have to many Fomo buyer, and thousand of stops that can be hit downwards, whereas another rally due to short covering would be really crazy.
So, this artificial pump is over in a few days and XMR will have time to consolidate until December back to 0.0018 - 0.0024
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
How is it artificial?
Care to provide proof of your claims?
Well it sure looked special, turning half of the existing XMR in 24 hours. Reminds me of the Mintpal pump.
That said, I believe much good was achieved regardless of anything. It is possible that this was the first real upleg. Or even if we fall back, I believe 420k will now be a strong support. Even going to 180-240k, nothing new there. Not many thought it possible to revisit 100k, yet even that happened!
The game is about how many you own and can keep in your possession. If you own 1000 BTC, you are well positioned, but it is expensive to gain that position if you start now. If you owned 1000 BTC five years ago, it is equally good as 1000 BTC now, only if you have managed to keep it from theft, hack, taxman, your own mistakes in storage, and most importantly from your urge to sell.
Many reading this have 1000 XMR, or even much more. In five years, or less, it might have equal value as 1000 BTC now. Statistically, an extremely small fraction of people manage to do it, though.
I believe it's prudent to budget in advance that half of the remaining coins are lost, every time the price rises x10. So the ones who wish to have the coveted 1000 XMR when the price hits $5k, should buy 10k now.
Hmm... it seems that XMR is more mature now than BTC when I heard of it. It has 50 times higher market cap as well...
Since XMR gained nearly 300% in value in a few days and seeing 100btc buywalls at 0,0080 on polo, i honestly can not believe in "natural" growth.
The fallback will probably be as fast and deep as the upleg.
So, this artificial pump is over in a few days and XMR will have time to consolidate until December back to 0.0018 - 0.0024
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
How is it artificial?
Care to provide proof of your claims?
Well it sure looked special, turning half of the existing XMR in 24 hours. Reminds me of the Mintpal pump.
That said, I believe much good was achieved regardless of anything. It is possible that this was the first real upleg. Or even if we fall back, I believe 420k will now be a strong support. Even going to 180-240k, nothing new there. Not many thought it possible to revisit 100k, yet even that happened!
The game is about how many you own and can keep in your possession. If you own 1000 BTC, you are well positioned, but it is expensive to gain that position if you start now. If you owned 1000 BTC five years ago, it is equally good as 1000 BTC now, only if you have managed to keep it from theft, hack, taxman, your own mistakes in storage, and most importantly from your urge to sell.
Many reading this have 1000 XMR, or even much more. In five years, or less, it might have equal value as 1000 BTC now. Statistically, an extremely small fraction of people manage to do it, though.
I believe it's prudent to budget in advance that half of the remaining coins are lost, every time the price rises x10. So the ones who wish to have the coveted 1000 XMR when the price hits $5k, should buy 10k now.
Hmm... it seems that XMR is more mature now than BTC when I heard of it. It has 50 times higher market cap as well...
What I wonder is what will be average daily volume during next month? Any guesses? In last 30 days before yesterday daily average was 550 BTC. Now yesterday demolished all past and new relations will need to emerge.
Any prediction of this? Or is it to early to say anything before beginning of September?
Interesting XMR - BITCOIN - ESPERANTO read: http://www.coindesk.com/can-bitcoin-learn-failure-global-language-esperanto/
I've noted you have become a bull lately.
This project is genius. I just wish I realized it earlier ive been here so long....regardless, thankful Im here now. I think we could all be apart of something huge. Hopefully we can all do some good with our wealth. - times are getting more crazy in 2016
What are your thoughts on this device ? Apricorn Aegis Secure Key 8 GB Encrypted Flash Drive - USB 3.0
Is there a trusted XMR hard wallet?
https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing
With the RingCT release it will be finished/polished up and tried to be merged upstream @trezor itself. So at the moment use with CAUTION!
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