Topic: [XMR] Monero Speculation - page 1458. (Read 3313576 times)

As a long term holder my feeling is yes. First as has been pointed out before 100 XBT will get one well over 30,000 XMR at market. So 30,000 rather than 10,000 is the more relevant number.

The problem I have with Bitcoin is that the reality is very different from the original idea of a fungible digital currency that anyone can use to pay anyone without the need of an intermediary or "bank". This is primarily due to the fixed blocksize limit which currently restricts the number of transactions to about three transaction per second. There is simply no opportunity for growth in Bitcoin since stagnation is hard coded into the protocol via the consensus code . This has led the a bear market in Bitcoin now over 27 months old. I see the downside in Bitcoin to be very real with little or no upside.

Monero on the other hand has an adaptive blocksize limit. This means that there is no three transactions per second limit hard coded in the consensus code and consequently Moenro has a very good upside potential. Yes there is downside to Monero also; however I would consider it comparable or somewhat less than that of Bitcoin.

The risk to reward ratio becomes an upside many orders of magnitude higher combined with a comparable or somewhat less downside. My current position is a mix of Monero and Canadian Dollars with very small Bitcoin and Namecoin positions. The Canadian Dollars provide the necessary liquidity.

Appropriate disclaimers are needed here. This should not be considered investment advice. Investing in crypto currencies involves extreme high risk and the possibility of loosing the entire amount invested. It should only be undertaken after doing one's own independent research and obtaining appropriate independent professional advice.

How much did he borrow?
I'd like to know about the implied unrealized demand.

He will get a mail when his position gets margin called.   

I've made 2% in 20 days lending to some dude ... wonder if he forgot he borrowed em?

I don't know but there should be. Alot of online players use bitcoins. I only play at casino's.

No.  The btc only poker sites are small.  Some  fiat sites now have btc deposits and withdrawals as an option.  Poker unlike other games needs a large pool of players for a site to be successful.

But you can buy over 35,000 Monero for 100 btc now.

The monero.  I would bet 5:1 odds on that, if I were into chasing 20% gains, which I am not.  In fact I hold XMR:BTC at a USD mark-to-market ratio of 12:1 at present.  I consider BTC a poor hedge, but it is nice to have liquidity, and XMR just isn't cutting it on the liquidity side at this small market cap.  (Fine for buying coffee or weed or therapy or lunch in brussels, maybe some slovenian artworks, but not good for buying a hacienda in Chile, or even for shuffling between crypto-exchanges, since many don't list it yet -- but more are coming, and some major fiat/crypto exchange will surely take it up soon, maybe kraken, maybe bitfinex, maybe btc-e.)

Dangerous when you try to manipulate it with a fake sell? Yup. Good to hear you made some money elsewhere.  

That was so true, and quite timely.  Expect XPDXAU to outperform while gold is retracing.  But I can no longer recommend holding XPD outright long over the near- to medium-terms.

I am short *everything* except XMR and BTC right now.  Short gold, short brazil, short spus, short oil.  It's working pretty well, and if the win is quite large, I think I may finally make that big celebratory market-buy which I never got around to before.  YOLO, and all that.

I find rates too unpredictable right now to play in that sandbox, but the HYG/SPX spread compression trade is attractive.

Nope, that's why I hold way more XBT than XMR. It is the only altcoin I hold and I don't see any value whatsoever in any of the others.

Scenario - 10 years from now, 2026. You - holding bitcoin, me - holding monero.

Future Company X deems that the bitcoin you just bought 10 years ago (right now, 2016) has a bad trail ... perhaps because the coins were obtained before monitoring services were established in the bitcoin ecosystem, so therefore your bitcoin is not as valuable as someones bitcoin mined in 2021 because it doesn't have a verified / acceptable provenance.

Meanwhile my monero have no trail, so they cannot be deemed more or less worthy than someone elses monero.

Privacy is a side effect of fungibility. The "privacy features" of monero are a red herring. Its real property is fungibility.

edited for many miswords.

There is a healthly mix of traders and hodlers here. I trade with most my XMR (~75%) but have a stash for hodl as well.

I can only answer for my self and I believe yes Monero is safer than Bitcoin for the long haul. 

Are there any xmr poker sites?

Shit, I got sharked. Placed a temp sell while getting a buy in and got chomped.

FUCKING HATE THESE BOTS!!!!!!!!!!

On the bright side made 3k playing poker the other day.

It's safer than this market!

Dumbest thing I've heard.

The joy of true anonymity    If I give you my address you won't find it either

Yes you can send to your wallet.  If you are unsure or cautious you can send a small amount first.  The transaction will show on the block explorer but neither the address nor the correct amount will be seen.  You will see the correct amount in your wallet.

Monero addresses are not visible in the blockchain because every output is sent to a one time address (output public key).

http://moneroblocks.info/tx/f8d8dafdeccea86c7168bb74160e1117646b67f0ecc4f73b9e80f12b7028acd1



It's as safe as your backups and security practices.

PS: You do not need to sync the daemon in order to create a new address with simplewallet.

Guys I finally downloaded the blockchain, and I have opened the simple wallet now!
But when I try to search for my Address on a Monero Blockexplorer I can't find it yet.
So Is it safe to send the Monero to my Wallet already?