Topic: [XMR] Monero Speculation - page 1455. (Read 3313576 times)

If you merely want to buy XMR I wouldn't pay attention at all to the XBT price. The one thing I would look out for is the conversion fees (i.e. USD => XBT => XMR). The least fees will likely be incurred using Coinbase/Circle first and subsequently Poloniex.

I think it won't be that difficult to "visualize" the commands from simplewallet.

Yeah the zone a bit below that is a strong support zone, see:



(screen is from a few days ago)

There is some serious competition for anything below .0025

 I'm going to take my own advice, and stagger some bids down to that level, see what develops.

If you live in a location serviced by AltQuick you can purchase Monero directly with fiat.  Their rates and liquidity vary but it'seems possible to get something decent.

It seems you want to buy so may I suggest that you buy using whatever method is convenient.

May I also suggest that not being able to average down is a better place to be in now than being able to average down

I think there are a lot of people here who would love to buy more XMR at prices between .0024 and .0020

There is a decent chance we may not go that low ever again.

Nice   ... but just to let you and everyone else know, the entry fee (10 XMR) is up for discussion and any amount of XMR the "group" feels OK putting in, we'll do.  I guess when we get some more people on here and they feel like raising or lowering the "fee" to play, then we'll have a group vote on what to set the stakes at.

I'd say a fair general ball park to decide from will be 5-25 XMR per user/entry.  When I get home I'll make a thread in the altcoin marketplace and link it on here so we won't be clogging up the price speculation thread.

EDIT: https://bitcointalk.org/index.php?topic=1400823.new#new

Joined 

Strictly speaking that would be called the tx-key :-P

There is a flaw in your reasoning. If the dollar price of XBT goes down, and the dollar price of XMR remains the same, the XBT price of XMR goes up.
So whatever dollar price of XBT, it won't get you more XMR.

Yes, there are obvious failure cases, and likely some not so obvious ones.  OTOH, as you point out, the positive side constantly strengthens as inflation slows, development and community progress, and the global economic ecosystem drives capital to find alternatives for preservation, if not growth.  The greater crypto currency system is so tiny, that only a drop from the global economic bucket will raise all boats.  Maybe swamp some of them, too.  If When it comes, it could be quite violent, as shown by bitcoin in the past.  Look at ETH recently on greed and speculation alone.  Add some fear, and the results could be eye popping, to say the least.  Place your bets, gentlemen.

I'm thinking maybe a maximum of 7 more days sideways/down with a low between .0024 and .0020 and then another explosive wave up.

MONERO MADNESS

Hey guys, decided it might be fun for some of us who would like to try our luck in picking out our own brackets for March Madness this year!  Since probably everyone on here (including my self) doesn't really keep up with college basketball (in the U.S.), I decided it would be equally as fair to win some Monero and will make it somewhat enjoyable/interesting to watch a game if someone has it on their T.V. at a friends house or out to eat at some bar.

So here's what I'm thinking:

1 entry per user
10 XMR to play  ... ?? up for discussion ??
Figured going through ESPN.com would be easiest to set up our brackets (very simple to sign up a username)

Since ESPN doesn't allow gambling, I figured we will just trust each other to pay up at the end of the bracket.  If you would like to play, sign up on ESPN and message me on either of the ANN or speculation threads or PM me.

Group Name: Monero
Password: blockchain  ... (didn't know what else to put)

Here's a direct link:
http://games.espn.go.com/tournament-challenge-bracket/en/group?invitesource=email&groupID=1427554&inviteuser=ezQyRjI1MzNFLTBGQTYtNEY2Qi1BN0Y0LTk1OEMyMDVBNDE2Qn0%3D&ex_cid=invite-email-tcmen&groupp=YmxvY2tjaGFpbg%3D%3D


Let me know if you guys are interested or not! Should be fun if we get a couple players to throw in 10 (or so) XMR.  Maybe the best dudero win  

There are probably around 1000 bagholders in Monero community (probably the majority is not even writing here but lurking occassionally and staying in sidelines) and I am sure you are right - among that amount of people there are many motives: a portion of them just want to hold Monero for the sake of the honor of owning a little bit of the pie, for some people they need to buy diabers to their babies and then sell Moneros for that (very bad position to be IMO), but also there are some people who have the mindset of a speculator who is expecting Monero to hit the "mainstream" (whatever it means in this context).
When I bought Moneros for the last time I think the price rose like 1-2 % for a short period and I did not buy any significiant amount (maybe 200-300 coins) - I have my core position that stands idle + lending portfolio.

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In 2014 and 2015 I used to have a pump'n'dump position which was empty when I was bearish and looking for an entry point and bullish when my bag was full and I was looking for exit point.
However, those days are past. They were good times. It was actually funny to read some angry writings on me when I flip-flopped like a bi-polar in accordance to my position.  
The reason why I shifted my strategy into more long term investor/speculator type of strategy is the fact that the emission is taking hit big time and soon the emission and inflation is something that one do not need to factor into the analysis.
Ladies and gentlemen, 1-2 years from now and we hardly have inflation in Monero. In those days if the demand of Monero starts to increase the price goes literally to sky-high. Given the activity of the community and a great unison in making the difference I do not see too many reasons why this could fail (pessimists will see of course, and I am kinda expecting now some pessimists to reply to this - sure there are ways this could fail obviously).  

I was thinking like you 2 weeks ago when BTC was 430$. I'm glad I didn't wait for cheaper BTC because I would have missed the pump we had on 3/3.

Just look at it as the medium of conversion like you said.

You mean a viewkey per transaction, so the concept of selective audibility is possible?

There will hopefully come a day when Coinbase adds Monero to their fiat on/off ramp.  
  
Of course Monero may be worth 100x as much by then, so it might not be worth your time to wait.

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I just noticed our topic has passed a million reads.... Wow.

Analysis:

  BUY BUY BUY!!!

You will be increasing, your average buy price, but at a decreasing rate as your hoard increases  

So will the new GUI wallet have a feature that generates a payment ID and also will you be able to generate view keys?

I've been paralyzed over the last week or more due to the lack of a USD/XMR pair.

Honestly, I don't want to buy XBT at $415 just to use it to buy XMR.  It's stupid, I know, but I've been waiting for a dip to $390 or so to buy XBT, just so I can move it over to Polo to buy XMR. 

What the hell is wrong with me?  Shouldn't I just look at XBT as the medium through which I'd be buying XMR at $1.17?  My $1000 still would buy me 855 XMR.  I guess I have this notion of waiting to buy XBT at 390, then picking up XMR at .0027, thereby paying $1.05 per XMR.  But that may not happen, right?  RIGHT? 

I mean, it doesn't REALLY matter if XBT goes up or down, I think, when considering this. 

Somebody help me overcome my paralysis with some analysis.  Please.  My XMR holdings are also once again above-water, which is a mental change, as anytime I'd added in the last year, I was lowering my average.  Now I'd be raising it.