Do you think Monero will rise to 1000 usd/xmr? How realistic you guys see it reaching 1000 usd (assuming btc is more or less the same as today)?
Zero chance. Don't be greedy.I guess I am not able to sell any coins then...
Topic: [XMR] Monero Speculation - page 1207. (Read 3314325 times)
I guess I am not able to sell any coins then...
Do you think Monero will rise to 1000 usd/xmr? How realistic you guys see it reaching 1000 usd (assuming btc is more or less the same as today)?
Also Monero is not that decentrilized when it comes to the owners. Probably Risto, Warz and a few whales control so high portion of the coin supply that they can wipe everybody out if they so want by dumping Monero literally to the lowest sections of Orwellian hell.
So, the situation is fundamentally the same: In Monero the large owners are whales, in Darkcoin the large owners are the masternodes.
Talking this is total speculation since is impossible to know any holdings. I personally think and speculate none of those 2 gentlemens is one of top5 Monero holders. Maybe are not even in top10.
You cant compare decentralization of DASH and Monero owners. I am pretty sure about this, since Evan and co mined 25% of DASH in first half day. I am sure they have way more then just that since they mined more then only half day. It is pretty stupid to compare them since Monero is probably one of most decentralized currency in existence.
I'm pleased to see my prediction come true so soon, despite no GUI. That the two largest dark markets are now looking into integrating monero is fantastic. If there was any event that really got bitcoin into mainstream media it was Silk Road. I don't think the effect on Monero will be the same as media has already spun that story. But it seems to me the darknet market is quite large (e.g 100k subs on reddit), so usage in itself could bring us a lot of new users, and a higher price. But more importantly we will probably see a great influx of volume and that makes monero better for everyone, even without price increases.
These news alone makes me incredible bullish, without even taking into consideration that RingCT is also coming up, which will make the anonymity of monero godly.
Every single one who bought and held monero since September 11th 2014 is now in profit. The major resistance is broken. People buying in today will likely have a higher target for selling, so I think we can easily continue from here to 500k+ XMR. I dare not predict where this will top out.
Also, due to the 1000 XMR withdraw limit on poloniex it can be time consuming to withdraw larger amounts. I've written a simple script that let's you withdraw tens of thousands of XMR super quick. https://github.com/TheKoziTwo/poloniex-mass-withdraw
As a side note, I have begun market making in bitsquare and will continue for the next weeks to increase bids/asks. The trading there has started to pick up, and I encourage everyone to try it out. An anonymous crypto needs a way to exchange with full privacy. With bitsquare there is no id requirements and connections are routed through Tor. As a bonus you don't risk your funds with a third party. It can now even be installed on raspberry pi, so it is cheap to keep an instance running 24/7.
These news alone makes me incredible bullish, without even taking into consideration that RingCT is also coming up, which will make the anonymity of monero godly.
Every single one who bought and held monero since September 11th 2014 is now in profit. The major resistance is broken. People buying in today will likely have a higher target for selling, so I think we can easily continue from here to 500k+ XMR. I dare not predict where this will top out.
Also, due to the 1000 XMR withdraw limit on poloniex it can be time consuming to withdraw larger amounts. I've written a simple script that let's you withdraw tens of thousands of XMR super quick. https://github.com/TheKoziTwo/poloniex-mass-withdraw
As a side note, I have begun market making in bitsquare and will continue for the next weeks to increase bids/asks. The trading there has started to pick up, and I encourage everyone to try it out. An anonymous crypto needs a way to exchange with full privacy. With bitsquare there is no id requirements and connections are routed through Tor. As a bonus you don't risk your funds with a third party. It can now even be installed on raspberry pi, so it is cheap to keep an instance running 24/7.
I wonder if the third time will be the charm. Kinda feels like it.
I think so. Bitcoin use is growing, but XMR is likely to displace a lot of the current use cases over the next 2 years, so selling seems stupid, so supply is likely to be tight and demand high. Yes there are some stupid or greedy holders, so maybe you can scoop the occasional dump, but mostly, no, not gonna happen.
Dumping any coin without any serious reason is stupid. If you need to get rid of larger amount of coins, more profitable options are to arrange OTC trade or sell slowly to the markets if you do not want to reveal anything to your opponent.
I love the idea of running a dark order-book for otc trade. I've tried a couple of times but none have ever taken off. Do let me know if you guys are ever interested. I have developed a very strong reputation as an escrow provider.
I wonder if the third time will be the charm. Kinda feels like it.
I think so. Bitcoin use is growing, but XMR is likely to displace a lot of the current use cases over the next 2 years, so selling seems stupid, so supply is likely to be tight and demand high. Yes there are some stupid or greedy holders, so maybe you can scoop the occasional dump, but mostly, no, not gonna happen.
Dumping any coin without any serious reason is stupid. If you need to get rid of larger amount of coins, more profitable options are to arrange OTC trade or sell slowly to the markets if you do not want to reveal anything to your opponent.
It's something about this wifi I'm on. It won't let me use vpn either. I used my cell data connection and was able to log in. Sorry for the distraction. Carry on!
Any idea when mymonero.com is going to start allowing logins again? It's totally stuck. I've been trying to log in for the better part of an hour.
I just logged in.
Any idea when mymonero.com is going to start allowing logins again? It's totally stuck. I've been trying to log in for the better part of an hour.
I wonder if the third time will be the charm. Kinda feels like it.
I think so. Bitcoin use is growing, but XMR is likely to displace a lot of the current use cases over the next 2 years, so selling seems stupid, so supply is likely to be tight and demand high. Yes there are some stupid or greedy holders, so maybe you can scoop the occasional dump, but mostly, no, not gonna happen.
What do you mean?
There is around 50 % less Darkcoins (6-7 mil) issued compared with Monero (12 mil) so it should be easier to pump Monero's marketcap. Each 1 dollar rise represents 12 million dollar rise in Monero's and merely 6-7 million dollar rise in Darkcoin's market capitalizations.
There is around 50 % less Darkcoins (6-7 mil) issued compared with Monero (12 mil) so it should be easier to pump Monero's marketcap. Each 1 dollar rise represents 12 million dollar rise in Monero's and merely 6-7 million dollar rise in Darkcoin's market capitalizations.
Precisely this:
Hes talking about what I like to call the ripple effect (since ripple is the poster child for this bait and switch). The price is a function of supply and demand (obviously) but coinmarketcap conflates currency supply for actual supply on the market.
[Dash Masternodes] .. So in effect this supply is locked out of the market. Even though in this case its a dash cartel locking away all of the funds rather than a single monopolist in the case of ripple, its the same effect.
[Dash Masternodes] .. So in effect this supply is locked out of the market. Even though in this case its a dash cartel locking away all of the funds rather than a single monopolist in the case of ripple, its the same effect.
I read the Anon's answear and it was well written, thank you.
Also Monero is not that decentrilized when it comes to the owners. Probably Risto, Warz and a few whales control so high portion of the coin supply that they can wipe everybody out if they so want by dumping Monero literally to the lowest sections of Orwellian hell.
So, the situation is fundamentally the same: In Monero the large owners are whales, in Darkcoin the large owners are the masternodes.
We just need the GUI asap.
Honestly, and this is going to sound crazy, but I'm not sure this is right. Every time I use the client I cant help but nerd out over how awesome the command line interface is. Suppose we had instead a really well produced really highly polished short guide on how to use the command line interface easily accessible. Its not hard to use at all. There is no reason why anyone couldn't learn in a few minutes. So suppose our normal dark net market user (how ever normal one of those people can ever be) does take a few minutes to watch the short guide.
Now just picture it in your head. A normal(ish) person going on the dark net using moneros awesomely hacker flick inspired interface. Let me put it this way. If normal(ish) guys mother were watching she would think she were watching sword fish. It actually looks and feels like a prop from a movie like that. Which perfectly matches with the sort of thing our guy is actually using it for. The interface so perfectly matches the tone of its main use case (atleast right now). It distinguishes it from bitcoin as the more serious dark net tool that it actually is. When you use the monero interface you dont feel like you are using just another alt coin, and you arent, so in a way this is a good thing.
Yea ok this small barrier deters some marginal prospective users. Of course. But we shouldn't ignore the fact that it probably increases retention of those who do overcome that small hurdle. Even if a great dev supported gui did exist I for one would almost certainly continue using the command line version as long as it was still supported as well.
Just some of my thoughts, interested in yours.
Very wise thoughts. I like XMR.
We just need the GUI asap.
Even if a great dev supported gui did exist I for one would almost certainly continue using the command line version as long as it was still supported as well.
Just some of my thoughts, interested in yours.
Support for simplewallet would likely never cease to exist.
I wonder if the third time will be the charm. Kinda feels like it.
We just need the GUI asap.
Even if a great dev supported gui did exist I for one would almost certainly continue using the command line version as long as it was still supported as well.
Just some of my thoughts, interested in yours.
You are a nerd (no offense) and different from 99% of the rest of the population
Even DNM users aren't necessarily tech savvy, it's not like you need 1337-skills to download tor browser and navigate to a url.
I use the CLI wallet and agree that it's not difficult, but I also understand why people don't like using it or won't even try.
Farhan Mohamed Jaama a Somalian pirate ...
You've definitely got a pirate thing going on. You might enjoy "One-piece”, if you like anime.
What do you mean?
There is around 50 % less Darkcoins (6-7 mil) issued compared with Monero (12 mil) so it should be easier to pump Monero's marketcap. Each 1 dollar rise represents 12 million dollar rise in Monero's and merely 6-7 million dollar rise in Darkcoin's market capitalizations.
There is around 50 % less Darkcoins (6-7 mil) issued compared with Monero (12 mil) so it should be easier to pump Monero's marketcap. Each 1 dollar rise represents 12 million dollar rise in Monero's and merely 6-7 million dollar rise in Darkcoin's market capitalizations.
Precisely this:
Hes talking about what I like to call the ripple effect (since ripple is the poster child for this bait and switch). The price is a function of supply and demand (obviously) but coinmarketcap conflates currency supply for actual supply on the market.
[Dash Masternodes] .. So in effect this supply is locked out of the market. Even though in this case its a dash cartel locking away all of the funds rather than a single monopolist in the case of ripple, its the same effect.
[Dash Masternodes] .. So in effect this supply is locked out of the market. Even though in this case its a dash cartel locking away all of the funds rather than a single monopolist in the case of ripple, its the same effect.
2 DNMs is exp(2) times better. SR took BTC to 1bn USD cap. Given the more competitive landscape, I think 10-20 USD XMR is a pretty safe range expectation after actual usage on the order of 10% of markets are has been established. This will grow over time, slowly, and once cap is on the order of 400mm USD, with XMR in the region of 1oz Ag, XMR should be liquid enough to start using it as a SME/agency transaction channel for smallish, sensitive, transfers. (Although, modulo usability concerns, I am sure the Mossad will prefer zcash, the FSB and CIA are likely to prefer Monero.)
That is when things really get interesting, about 2 years from now, simultaneous with global hyperinflation. (Timing could not be better.) You see, when that happens it becomes eligible as a high net-worth individuals reserve diversification, as the DNM stigma is diluted. Think about the trillions in antiquities and jewels stored in freeport warehouses in Singapore and Switzerland, etc., out of view of prying tax collectors! How much more liquidity and growth potential if those cultural artifacts were replaced with Monero? Bitcoin is just not a candidate due to chain transparency. It will be a good time for XMR holders to collect art, then, as supply/demand balance will be favorable for a few years.
But I do tend to get ahead of myself...
That is when things really get interesting, about 2 years from now, simultaneous with global hyperinflation. (Timing could not be better.) You see, when that happens it becomes eligible as a high net-worth individuals reserve diversification, as the DNM stigma is diluted. Think about the trillions in antiquities and jewels stored in freeport warehouses in Singapore and Switzerland, etc., out of view of prying tax collectors! How much more liquidity and growth potential if those cultural artifacts were replaced with Monero? Bitcoin is just not a candidate due to chain transparency. It will be a good time for XMR holders to collect art, then, as supply/demand balance will be favorable for a few years.
But I do tend to get ahead of myself...
We just need the GUI asap.
Now just picture it in your head. A normal(ish) person going on the dark net using moneros awesomely hacker flick inspired interface. Let me put it this way. If normal(ish) guys mother were watching she would think she were watching sword fish. It actually looks and feels like a prop from a movie like that. Which perfectly matches with the sort of thing our guy is actually using it for. The interface so perfectly matches the tone of its main use case (atleast right now). It distinguishes it from bitcoin as the more serious dark net tool that it actually is. When you use the monero interface you dont feel like you are using just another alt coin, and you arent, so in a way this is a good thing.
Yea ok this small barrier deters some marginal prospective users. Of course. But we shouldn't ignore the fact that it probably increases retention of those who do overcome that small hurdle. Even if a great dev supported gui did exist I for one would almost certainly continue using the command line version as long as it was still supported as well.
Just some of my thoughts, interested in yours.
It's a cute theory, but really, emulating hacker movies is not really what Monero is trying to achieve here. We're talking about a $30 million marketcap. The majority of users simply require functionality.
- Mr Asuki from the Japanese Yakuza just needs to be in and out without any fuss. He has no experience of command-line.
- Madame X is a spanish anarchist. She just needs to be in and out without any fuss. She has no experience of command-line.
- Abd al Hakim is a Syrian refugee trying to escape to Pakistan. He just needs to be in and out without any fuss. He has no experience of command-line.
- Kang Sok Ju is a North Korean defector trying to make his way to Europe. He just needs to be in and out without any fuss. He has no experience of command-line.
- Gus Fring is a Chilean chicken vendor. He just needs to be in and out without any fuss. He has no experience of command-line.
And so it continues...
Farhan Mohamed Jaama a Somalian pirate needs to as easily to use of the wallet since he will need untraceably sell the Japanese Whale fishing boat he will hijack to save the Whale population from extinction. Sadly he has no experience of command-line. So his humanitarian mission was sadly delayed.
It's a cute theory, but really, emulating hacker movies is not really what Monero is trying to achieve here.
No and I never claimed it was. I'm just pointing at what I see.
We're talking about a $30 million marketcap. The majority of users simply require functionality.
- Mr Asuki from the Japanese Yakuza just needs to be in and out without any fuss. He has no experience of command-line.
- Madame X is a spanish anarchist. She just needs to be in and out without any fuss. She has no experience of command-line.
- Abd al Hakim is a Syrian refugee trying to escape to Pakistan. He just needs to be in and out without any fuss. He has no experience of command-line.
- Kang Sok Ju is a North Korean defector trying to make his way to Europe. He just needs to be in and out without any fuss. He has no experience of command-line.
- Gus Fring is a Chilean chicken vendor. He just needs to be in and out without any fuss. He has no experience of command-line.
And so it continues...
This might be right. I'm not sure to what extent I'm able to judge just how difficult it would be for Gus Fring. I mean you dont have to navigate to it in the command line. There are stand alone executable right in the directory. You just double click bitmonerod. Then double click simple wallet. I guess the "hard" part is understanding how to format inputs? Like: transfer [mixin] [address] [amount] [payment id]. Is that the hard part?
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