Topic: [XMR] Monero Speculation - page 1197. (Read 3314325 times)

Looking at the pics it appears there is only one receiving address in a wallet. Does that mean that multiple wallets has to be created and synced and backed up and managed if I want to give different addresses to different parties?

Information, screen shots, and build instructions here: https://www.reddit.com/r/Monero/comments/4z1hmk/monero_core_gui/

This. Is. Insane.  

Well, excepting that he just said he doesn't own any Monero anymore...

But there has been a shift - a tangible sense that we are now in a prime position to occupy a space than can only really be matched by Bitcoin itself. The recent StackExchange victory proves that whatever the size of one's marketcap, it is the power of community, the egalitarian nature of the genesis, and the skill of the underlying codebase which are the real qualities that will carry projects forward without decline.

Resistance at the 0.004-0.005 level may well be inevitable, but the speed and ferocity at which it is finally broken shouldn't be of any objective surprise. Thus, I wouldn't be surprised if we were toying with 0.0160 by years end.

Either way, Monero now only has to double in value for it to be one place behind Dash on the marketcap. Consequently, and in conjunction with a perceived "Monero vs ZCash" conversation that will make Dash increasingly irrelevant, speculative and community leakage will pour massively into the Monero ecosystem and the levees will break.

Without knowing it, suddenly Monero has a marketcap in excess of $100 million.  
 

 Beware of the ongoing Monero pump.   

-Trollbox calls for buying or selling are more often false than true. 
-When shortsqueezes happen the market is in perpetual motion up for a short time but can crash any moment and the risk/reward ratio is worst.  Every money you throw on it may end in the pumper's pocket. They may also control spikes up and down in interest rates and thus trigger waves of waiting orders.

-Once people calm and stop falling for the hysteria,  the order book and trading volume vanish ( alone with the sneaky pump&dumping opportunity they triggered),
but before that they are not afraid to trade their >= Bitcoins in circles, wasting tons of fees,  raising irrational FEAR and FOMO equally.

-Other cryptonote based currencies did not jump a lot

- I correctly alerted several pumps already:
 Especially Monero and Factom pumping on the same day happend before
 (and was noway sustainable)

On anonymity hype:

As Richard Stallman said,
1.  You may want to support anonymity of most payers/donators generally,
    but you may not want to specifically supporting anonymity of receivers/services, including evil ones/gun sellers/....

2. Most of the technical foundations of blockchains aren't all new.   
   Important are the social developments.   

https://www.youtube.com/watch?v=RZ_3MKomQzY#t=220

Transparency VS Anonymity
If society had to chose one it would keep Transparency.
but there is no Transparency VS Anonymity  knock-out

(Neither   Direct democracy VS 'blockchain immutability'  to make another example)

Each thing exists to some degree anyway. Bitcoin supports annoymity as far as you an fun an account anonymously.
We (society) have to go for the best/safest design to define their scope and co-existence responsibly.
There is always advantages/convenience to be unlocked, yet more importantly we do not want to enable dangers.

- If something represents anonymity only in exchange for transparency that does not represent what supporters of anonymity generally meant,
 and it will not be used widely, when most people and legal behavior will stay out for good and all remaining users may be under general suspicion .

(Similarly:  If something represents 'blockchain immutability' in exchange for direct democracy, then it also does not represent the pure original point/relevant, but much rather the specific trade-off to favor immutability against direct democracy.)

But of course you actually want to come up with a solution carefully sorting out the safest combination of everything relevant

quoting this for the lulz

edit: I guess Klee meant 0.005-0.0075 BTC per XMR

Sophism lives in Monero community!

Socrates would be sad  

I am out. Community sucks, with some bright exceptions.

Zcash will teach you a lesson I suppose.

For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA.
If I see an opportunity in XMR I will advise everyone to buy.

Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS!

Keep holding your bags as 'investors' lol

Where is this going to go? Is there a target? Or is everyone just cashing in and partying?

I've been out of the loop with monero - any gui in the works?

Where is this going to go? Is there a target? Or is everyone just cashing in and partying?

I've been out of the loop with monero - any gui in the works?

I personally do not think what you are calling the ATH is really relevant.  I mean.. it will have a psychological impact, partly becvause it was ~0.01 right?  But I doubt there are more than a handful of people who bought coins at that level, and the few who did are most likely not going to unload giant tons of coins.  There was about 3kBTC in volume at that time.  We will have easily quadrupled that volume just on today...  one day...  easily 15x the average daily volume during that peak.

The real technical ATH is was really 0.0043  and if we can go a day or so up around this level I'd say we've crushed that to bits.

The fundamentals here are going to warp the technicals all to hell.  "ATH" is trivial.

The fact of the matter is:

1.  Monero is finally venturing out into actual use.
2.  Many many people who have never heard of it are hearing of it right now.

What we have to worry about is not ~.01. It is the reception of the technology as it stands in the wild.  If all the work done over the last couple years makes cryptonote a usable and stable platform which can begin to scale then we are in for a wild ride, and there's a little chance that even some of us small guppies stand to find wealth.  (If only I still held any Monero!!! glub glub)

On the other hand if the platform is too hard for the merchants and users to use, or if it breaks - Then we probably will not get another chance like this.

Vectors to consider:

1.  Blockchain scalability. 
Will the size of the blockchain become an issue?  Do we have sufficient strategies to deal with exponential growth?

2.  A single web wallet.
Most users will use mymonero.com if they do not use an exchange.  Is it robust and stable enough to handle this much more action?

3.  The usual suspects.
Thefts, NSA, Hacks, shady exchanges, etc.  These won't kill us if they happen down the road, but I believe we are vulnerable right now.

As a community member the best we can do now is to perform grassroots PR.  Hold hands with new users.  Help people set up mymonero accounts.  Let people know how to navigate the exchanges. Help them understand how to use simplewallet.  Do not expect them to have the values and skills present in most of the early adopters.  Many may not care about what OS or even the details of privacy.  Welcome them and give them what they need.  Be honest above all.  Warn people that leaving monero on an exchange is as risky as it ever has been.  Don't pretend there are not risks associated with a fledgling cryptocurrency in a post BTC worls.

Do worry so much about your bag Truecryptonaire.  Price is just one part of what were are seeing.  The really fun part, for sure... but on it's own?  Just a play.  A pump and dump.

Monero is the real thing IMHO. 

I'm not sure but I think that train pics and such are not allowed

Top?  We are presently at 0.65% of btc.  Paltry.

Number of Monero I have sold during this rise = 0

Edit:  I did buy a relatively small amount @420

Risto will soon start the 2nd XMR castle.