[XMR] Monero Speculation - page 1659.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: Harpua on October 31, 2015, 12:15:17 PM

Quote from: americanpegasus on October 31, 2015, 12:05:39 PM

Quote from: Harpua on October 31, 2015, 12:01:26 PM

Ok guys, just bought my first big amount of XMR, couldn't ride the bitcoin train anymore and feel like this is the best price to buy in bulk... Even though it's not an astronomical amount that people like AP would consider "big", but it's pretty huge for me given my budget I'm working on. Just thought I should share with my new found fam Grin

Just imagine the people that scraped together enough $ to buy 500 or 1000 bitcoins back in the day thinking they didn't have much compared to the other guys.

Time both humbles us and exalts us all. Both of us might lose our ass, but I feel this is a risk worth taking for me. Even if I lose, I'll know I lost supporting something worthwhile.

Yeah, ever since I stumbled upon XMR and was introduced to it by people like you on the subreddit, I have been trying to scrape as much money as I can to put into XMR... I was honestly trying to ride the bitcoin train to accumulate as much as possible, but I honestly can't see it going any higher right now and feel like this is the best XMR/BTC ratio we'll see for sometime. At least I hope so (lol). I just don't see how XMR won't be a success... it's just too good.

Edit: Also, just curious, does poleniex calculate how much is being converted from bitcoin to XMR? I have looked for my purchase earlier to see if it was on there, and it wasn't.

Regarding your edit, if I recall correctly you can analyze your trades somewhere and also calculate an average.

Harpua

full member

Activity: 224

Merit: 100

Spastic dead-eyed hound.

Quote from: americanpegasus on October 31, 2015, 12:05:39 PM

Quote from: Harpua on October 31, 2015, 12:01:26 PM

Ok guys, just bought my first big amount of XMR, couldn't ride the bitcoin train anymore and feel like this is the best price to buy in bulk... Even though it's not an astronomical amount that people like AP would consider "big", but it's pretty huge for me given my budget I'm working on. Just thought I should share with my new found fam Grin

Just imagine the people that scraped together enough $ to buy 500 or 1000 bitcoins back in the day thinking they didn't have much compared to the other guys.

Time both humbles us and exalts us all. Both of us might lose our ass, but I feel this is a risk worth taking for me. Even if I lose, I'll know I lost supporting something worthwhile.

Yeah, ever since I stumbled upon XMR and was introduced to it by people like you on the subreddit, I have been trying to scrape as much money as I can to put into XMR... I was honestly trying to ride the bitcoin train to accumulate as much as possible, but I honestly can't see it going any higher right now and feel like this is the best XMR/BTC ratio we'll see for sometime. At least I hope so (lol). I just don't see how XMR won't be a success... it's just too good.

Edit: Also, just curious, does poleniex calculate how much is being converted from bitcoin to XMR? I have looked for my purchase earlier to see if it was on there, and it wasn't.

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: Harpua on October 31, 2015, 12:01:26 PM

Ok guys, just bought my first big amount of XMR, couldn't ride the bitcoin train anymore and feel like this is the best price to buy in bulk... Even though it's not an astronomical amount that people like AP would consider "big", but it's pretty huge for me given my budget I'm working on. Just thought I should share with my new found fam Grin

Just imagine the people that scraped together enough $ to buy 500 or 1000 bitcoins back in the day thinking they didn't have much compared to the other guys.

Time both humbles us and exalts us all. Both of us might lose our ass, but I feel this is a risk worth taking for me. Even if I lose, I'll know I lost supporting something worthwhile.

Harpua

full member

Activity: 224

Merit: 100

Spastic dead-eyed hound.

Ok guys, just bought my first big amount of XMR, couldn't ride the bitcoin train anymore and feel like this is the best price to buy in bulk... Even though it's not an astronomical amount that people like AP would consider "big", but it's pretty huge for me given my budget I'm working on. Just thought I should share with my new found fam Grin

OrientA

sr. member

Activity: 462

Merit: 250

Quote from: vuduchyld on October 31, 2015, 09:28:03 AM

Totally agree. Obviously, China is driving the BTC rise, with 80-85% of the volume. A few pages back, there was some speculation about how easy it is for Chinese folks to circumvent controls using BTC, with the implication being that there is no real need for XMR.

There is no need to circumvent controls to use bitcoin in China. As there is no control for individuals. There is not much usage of bitcoin in China, only the transactions in exchanges.

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: XMRChina on October 31, 2015, 05:17:23 AM

Quote from: 8XMR on October 24, 2015, 09:31:28 PM

Several months I built China focused Monero website that I wait to launch until getmonero.org adds translated Chinese page to link to. My page will build community but official page still needs Chinese. At least landing (already translated) and download page should have Chinese. Translators worked hard and did good job: https://forum.getmonero.org/9/work-in-progress/329/translation-of-content-on-getmonero-org-into-chinese. Fluffypony say this can be merged after this is done: https://github.com/denniss/monero-site/tree/multi-lang-integration but it taking long time.

Are there any recent updates on this? It should be high priority...

Totally agree. Obviously, China is driving the BTC rise, with 80-85% of the volume. A few pages back, there was some speculation about how easy it is for Chinese folks to circumvent controls using BTC, with the implication being that there is no real need for XMR.

May be completely true, and this is COMPLETELY unscientific and patently simplistic, but the alt I keep track of as a proxy for the Chinese alt market is Ruby. Just look at the volume and price increases in the past 6-8 weeks. It is up 10x since August. Clearly, some of the Chinese volume IS going into alts, not just BTC.

equipoise

hero member

Activity: 794

Merit: 1000

Monero (XMR) - secure, private, untraceable

Quote from: medusa13 on October 31, 2015, 05:58:11 AM

bids will take some time to recover from this. if btc tops out soon i guess we will recover really fast, maybe it would even cause an xmr bull run. if btc continues to go up, well..i say it wont drop below 30 cents anyway, but what this means in btc denominated prices is hard to tell. making a new low below 0009 would be bad.

so heads up, ~0.43$ now.

btw yeah i somehow agree with risto, we are all loaded now

I'm still at about 65% of my short term target, but I'm loading really, really slow - 1) each day I'm buying very tiny amount, 2) each week whenever I decide I buy about 50 - 100x more then 1), and 3) at each big price swing I'm buying about 5x more then 2). 1 + 2 + 3 + what I already have is far away from a whale quantity, but still I'm at 65% of my short term target. My next mid term target is about 5x-10x compared to my short term target and I won't ever get there if the price goes to the moon too soon. For now I don't have a long term target - till then we are going to the moon or to zero.

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: medusa13 on October 31, 2015, 05:58:11 AM

bids will take some time to recover from this. if btc tops out soon i guess we will recover really fast, maybe it would even cause an xmr bull run. if btc continues to go up, well..i say it wont drop below 30 cents anyway, but what this means in btc denominated prices is hard to tell. making a new low below 0009 would be bad.

so heads up, ~0.43$ now.

btw yeah i somehow agree with risto, we are all loaded now

Bids are pretty much the same as before the drop. So either the market is pretty resilient or this is just the work of one entity playing games. I am betting on the latter. Regarding fiat price, I think we'll manage to stay in the $0.36-$0.46 range. I personally don't see it falling below that. However, you never know with these irrational markets.

Somewhat agree with the bolded as well. However, 0.9 should be sufficient to attract a bunch of new people.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: smoothie on October 31, 2015, 04:40:45 AM

Quote from: digicoin on October 31, 2015, 04:36:57 AM

XMR has no volume now Cheesy

Investor may think XMR is not really cheap. 0.011 - 0.012 can be right price.

I say let the price drop.

Let's see where the floor is.

I'm still digging through the source code and I am still convinced the technology that exists at the protocol layer is very cutting edge.

The code needs to be organized into libraries like the devs are doing at this time. It is readable if you know what you are looking for.

GUI can come later. May was well fix the interior than drive a ferrari with no engine.

have you had any success in making comments in the code?

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: XMRChina on October 31, 2015, 05:17:23 AM

Quote from: 8XMR on October 24, 2015, 09:31:28 PM

Several months I built China focused Monero website that I wait to launch until getmonero.org adds translated Chinese page to link to. My page will build community but official page still needs Chinese. At least landing (already translated) and download page should have Chinese. Translators worked hard and did good job: https://forum.getmonero.org/9/work-in-progress/329/translation-of-content-on-getmonero-org-into-chinese. Fluffypony say this can be merged after this is done: https://github.com/denniss/monero-site/tree/multi-lang-integration but it taking long time.

Are there any recent updates on this? It should be high priority. Why can't the first page be updated now now before the multi language support is added? It would be a big improvement over the status quo.

No idea. If you don't want to wait, aerbax has monerobase.com going. Its not as fancy as getmonero.org, but its much quicker to publish stuff. He also just added a language thinger. So, that is an option.

medusa13

sr. member

Activity: 453

Merit: 500

hello world

bids will take some time to recover from this. if btc tops out soon i guess we will recover really fast, maybe it would even cause an xmr bull run. if btc continues to go up, well..i say it wont drop below 30 cents anyway, but what this means in btc denominated prices is hard to tell. making a new low below 0009 would be bad.

so heads up, ~0.43$ now.

btw yeah i somehow agree with risto, we are all loaded now

XMRChina

full member

Activity: 122

Merit: 100

Quote from: 8XMR on October 24, 2015, 09:31:28 PM

Several months I built China focused Monero website that I wait to launch until getmonero.org adds translated Chinese page to link to. My page will build community but official page still needs Chinese. At least landing (already translated) and download page should have Chinese. Translators worked hard and did good job: https://forum.getmonero.org/9/work-in-progress/329/translation-of-content-on-getmonero-org-into-chinese. Fluffypony say this can be merged after this is done: https://github.com/denniss/monero-site/tree/multi-lang-integration but it taking long time.

Are there any recent updates on this? It should be high priority. Why can't the first page be updated now now before the multi language support is added? It would be a big improvement over the status quo.

obit33

sr. member

Activity: 514

Merit: 258

nice, orders filled between 0.00125 and 0.00132...

let's break out of this falling wedge now, and bounce of the long term trendline:

XMRChina

full member

Activity: 122

Merit: 100

Quote from: wpalczynski on October 30, 2015, 11:04:03 PM

Quote from: americanpegasus on October 30, 2015, 10:56:23 PM

Quote from: jehst on October 30, 2015, 07:30:24 PM

True. A ponzi scheme accumulated 20% of all LTC in one address (https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=40) this year. These things can be incredibly powerful once they get going.

Whoa, whoa, whoa. You're telling me that it is safe to assume that one person (or entity) owns 20% of all litecoin now thanks to a successful scam? That's *double* the unthinkable amount that Satoshi holds. Wow.

That is very doubtful. The address holds nowhere near that many LTC now. Chances are organizers cashed out during the LTC pump.

It was a very large scale scam.

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: digicoin on October 31, 2015, 04:36:57 AM

XMR has no volume now Cheesy

Investor may think XMR is not really cheap. 0.011 - 0.012 can be right price.

I say let the price drop.

Let's see where the floor is.

I'm still digging through the source code and I am still convinced the technology that exists at the protocol layer is very cutting edge.

The code needs to be organized into libraries like the devs are doing at this time. It is readable if you know what you are looking for.

GUI can come later. May was well fix the interior than drive a ferrari with no engine.

digicoin

legendary

Activity: 1106

Merit: 1000

XMR has no volume now Cheesy

Investor may think XMR is not really cheap. 0.011 - 0.012 can be right price.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: smoothie on October 30, 2015, 11:05:47 PM

Quote from: jehst on October 30, 2015, 07:30:24 PM

Quote from: wpalczynski on October 30, 2015, 07:19:48 PM

Quote from: jehst on October 30, 2015, 07:17:42 PM

Quote from: wpalczynski on October 30, 2015, 07:15:31 PM

Quote from: dEBRUYNE on October 30, 2015, 07:00:40 PM

Quote from: jehst on October 30, 2015, 06:50:34 PM

It looks like lots of Chinese are getting sucked into this ponzi scheme. Look at these videos. You can see all the transfers are done in bitcoin:
https://www.youtube.com/watch?v=Ni68D5vwz2Q
https://www.youtube.com/watch?v=kmcCN31qQAo

Look at the dates.

They are using bitcoin to send payments to other participants.

As long as the price goes up it will work :-P Anyway, Bitcoin already had enough bad publicity. I am quite sure it could handle this as well. It's not like you can do anything to stop it.

Finally!!! The holy grail Bitcoin killer app everyone has been waiting for!!

A lot of people are going to get hurt

Ponzi participants, sure. However this buying frenzy could be just the thing to push us into another longer bull run.

True. A ponzi scheme accumulated 20% of all LTC in one address (https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=40) this year. These things can be incredibly powerful once they get going.

Link please

http://www.dailytradingprofits.com/4669/was-litecoin-pumped-by-a-chinese-ponzi-scheme/

smoothie

legendary

Activity: 2492

Merit: 1491

LEALANA Bitcoin Grim Reaper

Quote from: jehst on October 30, 2015, 07:30:24 PM

Quote from: wpalczynski on October 30, 2015, 07:19:48 PM

Quote from: jehst on October 30, 2015, 07:17:42 PM

Quote from: wpalczynski on October 30, 2015, 07:15:31 PM

Quote from: dEBRUYNE on October 30, 2015, 07:00:40 PM

Quote from: jehst on October 30, 2015, 06:50:34 PM

It looks like lots of Chinese are getting sucked into this ponzi scheme. Look at these videos. You can see all the transfers are done in bitcoin:
https://www.youtube.com/watch?v=Ni68D5vwz2Q
https://www.youtube.com/watch?v=kmcCN31qQAo

Look at the dates.

They are using bitcoin to send payments to other participants.

As long as the price goes up it will work :-P Anyway, Bitcoin already had enough bad publicity. I am quite sure it could handle this as well. It's not like you can do anything to stop it.

Finally!!! The holy grail Bitcoin killer app everyone has been waiting for!!

A lot of people are going to get hurt

Ponzi participants, sure. However this buying frenzy could be just the thing to push us into another longer bull run.

True. A ponzi scheme accumulated 20% of all LTC in one address (https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=40) this year. These things can be incredibly powerful once they get going.

Link please

wpalczynski

legendary

Activity: 1456

Merit: 1000

Quote from: americanpegasus on October 30, 2015, 10:56:23 PM

Quote from: jehst on October 30, 2015, 07:30:24 PM

True. A ponzi scheme accumulated 20% of all LTC in one address (https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=40) this year. These things can be incredibly powerful once they get going.

Whoa, whoa, whoa. You're telling me that it is safe to assume that one person (or entity) owns 20% of all litecoin now thanks to a successful scam? That's *double* the unthinkable amount that Satoshi holds. Wow.

That is very doubtful. The address holds nowhere near that many LTC now. Chances are organizers cashed out during the LTC pump.

americanpegasus

hero member

Activity: 770

Merit: 504

Quote from: jehst on October 30, 2015, 07:30:24 PM

True. A ponzi scheme accumulated 20% of all LTC in one address (https://coinplorer.com/LTC/Addresses/34Ae29qWAhGGTw3cSNkPygiwsgKbbCatou?skip=40) this year. These things can be incredibly powerful once they get going.

Whoa, whoa, whoa. You're telling me that it is safe to assume that one person (or entity) owns 20% of all litecoin now thanks to a successful scam? That's *double* the unthinkable amount that Satoshi holds. Wow.

Topic: [XMR] Monero Speculation - page 1659. (Read 3313576 times)