Topic: [XMR] Monero Speculation - page 1660. (Read 3314316 times)

I am not a big Monero supporter but I own some coins. It is very hard to understand why the coin shows such weakness when Bitcoin and most other coins are increasing their values over the last days/weeks

This is simply not true, unless you are measuring value against USD in which case XMR has gained valued as well. Here is the current 30-day price change for alts (ordered by 24-hour volume) on bitcoinwisdom.com. The second from the top is XMR (#1 is LTC). As you can see there are some green but most are red. BTC is up 36% during that time period so anything down less than 27% has retained or gained value vs. USD.

rangedriver

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Quote from: Globb0 on October 30, 2015, 04:36:16 PM

I am not a big Monero supporter but I own some coins. It is very hard to understand why the coin shows such weakness when Bitcoin and most other coins are increasing their values over the last days/weeks. It seems to me that investors are selling their Moneros in oder to get into the other coins to jump on the pumping train.

As for the weakness thing, I think you're getting confused with 'low price'. Most people would agree that Monero is currently very cheap, but as for being a coin that 'shows weakness' this can't literally be true, as Monero is currently the market leader in respect of private currencies. Demonstrably, the most respected with the largest community at any rate.

There's no evidence to suggest that 'investors are selling Moneros to get other coins', outside of the normal market noise that trails BTC bull-runs. The nearest private competitor, Dash, has substantially less volume in regard to the buy books, and that remains the case semi-permanently irrespective of BTC. The conclusion is that a lot of whales are waiting for the true XMR floor to materialise, at which point the price will ascend.

macsga

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Strange, yet attractive.

Is there a way to top up without going via BTC ?

Poloniex can do the trick for you via other alts. Check the XMR column on the right of their UI, on how to do it with LTC/DASH/etc.

Cheers.

smooth

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Quote from: Globb0 on October 30, 2015, 04:36:16 PM

Is there a way to top up without going via BTC ?

CNY on BTER

OTC for some sort of fiat (or non-BTC crypto) payment

EDIT: Poloniex XMR pairs, including vs. USDT. (Thanks macsga, I forgot those.)

macsga

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Strange, yet attractive.

Quote from: americanpegasus on October 30, 2015, 04:16:02 PM

I am not a big Monero supporter but I own some coins. It is very hard to understand why the coin shows such weakness when Bitcoin and most other coins are increasing their values over the last days/weeks. It seems to me that investors are selling their Moneros in oder to get into the other coins to jump on the pumping train.

Weakness is one way to see it, stability is another. Every coin has two sides, depends on which one you've put your bets on. As for the "investors selling" don't forget that there's a possibility that "the investors" were just panic sellers (or even just one) that put up their time waiting for XMR to pump and noticed that if they followed the flash pump in LTC or a couple of days ago ETH, they could have gained more...

Ah, decisions, decisions... Roll Eyes

Globb0

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Free spirit

Is there a way to top up without going via BTC ?

luigi1111

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Yeah!! the 0.9 release is less than 6 months away Grin

That could be seven minutes from now or in April 2016. That gives me nothing to go on! Angry

I bet 10 XMR for a release before December 1st. Cool

medusa13

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hello world

Quote from: dEBRUYNE on October 30, 2015, 04:03:37 PM

I am not a big Monero supporter but I own some coin. It is very hard to understand why the coin show such weakness when Bitcoin and most other coins are increasing its values over the last days/weeks. It seems to me that investors are selling their Monero in oder to get into the other coins to jump on the pumping train.

This pattern is allready very old. monero is a real alternative coin, current existing btc infrastructure can not be used with it.
i do think this also the reason why coins like ppc, nmc, ltc doge act like that

tyz

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I am not a big Monero supporter but I own some coins. It is very hard to understand why the coin shows such weakness when Bitcoin and most other coins are increasing their values over the last days/weeks. It seems to me that investors are selling their Moneros in oder to get into the other coins to jump on the pumping train.

ArticMine

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Monero Core Team

Quote from: ArticMine on October 30, 2015, 04:01:05 PM

Quote from: dEBRUYNE on October 30, 2015, 04:15:07 PM

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct.

Little remark, it was either September 15, 2015 or October 15, 2015 if I recall correctly. However, since we passed both already your argument is still valid and furthermore I agree with it.

It's quite simple, mr manipulator and the bears will be able to determine the price (+control the market) until we have a new release.

https://forum.getmonero.org/4/academic-and-technical/303/a-formal-approach-towards-better-hard-fork-management The idea is a code freeze 30 days before a soft fork date with a hard fork starting six months after the soft fork date. So for example Code freeze release plus tag: September 15th, 2015 Soft fork date: (not applicable in this case) October 15th 2015 hard fork date: April 15th 2016.

Edit 1: It is a good six weeks behind at best. The other option was to start the cycle on August 15, 2015 for a hard fork on March 15th 2015.

Edit 2: The market argument is based on the delayed release date even though the hard fork date would remain the same with a shortened upgrade period. We must keep in mind that database and low memory requirements are not a hard fork and would kick in immediately. Something like the blocktime change would kick in on the hard fork date.

nioc

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Quote from: dEBRUYNE on October 30, 2015, 04:03:37 PM

Quote from: ArticMine on October 30, 2015, 04:01:05 PM

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct.

Little remark, it was either September 15, 2015 or October 15, 2015 if I recall correctly. However, since we passed both already your argument is still valid and furthermore I agree with it.

It's quite simple, mr manipulator and the bears will be able to determine the price (+control the market) until we have a new release.

fluffypony today commented on the Monero forum that the delay in the code freeze will not push back the hardfork date because most people will want to upgrade to the new release.

Yeah!! the 0.9 release is less than 6 months away Grin

Before was stated that the new release (0.9) would be released before one of that dates, hence ArticMine's argument.

I have no argument with his argument. Just passing along some new info

americanpegasus

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Yeah!! the 0.9 release is less than 6 months away Grin

That could be seven minutes from now or in April 2016. That gives me nothing to go on! Angry

dEBRUYNE

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Quote from: dEBRUYNE on October 30, 2015, 04:03:37 PM

Quote from: ArticMine on October 30, 2015, 04:01:05 PM

Quote from: Hueristic on October 30, 2015, 01:57:59 AM

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct.

Little remark, it was either September 15, 2015 or October 15, 2015 if I recall correctly. However, since we passed both already your argument is still valid and furthermore I agree with it.

It's quite simple, mr manipulator and the bears will be able to determine the price (+control the market) until we have a new release.

fluffypony today commented on the Monero forum that the delay in the code freeze will not push back the hardfork date because most people will want to upgrade to the new release.

Yeah!! the 0.9 release is less than 6 months away Grin

Before was stated that the new release (0.9) would be released before one of that dates, hence ArticMine's argument.

nioc

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Quote from: cryptonic21 on October 30, 2015, 01:24:31 AM

Quote from: smooth on October 29, 2015, 10:36:48 PM

Quote from: nioc on October 29, 2015, 09:44:29 PM

Should a good person mine with a bad computer? Bad = 35 H/s

If yes then, solo mine or pool?

If you're mining to help the network (and that's really the only reason with a bad computer) and you can, solo mine.

You may want to look into underclocking/undervolting to make the efficiency slightly less bad, unless you 100% don't care about electricity/heat.

To support the network we have recently started mining on our Monero payment processing droplet at digital ocean.

Code:

[2015-10-30 02:57:21] Stratum detected new block
[2015-10-30 02:57:21] thread 2: 177 hashes, 8.38 H/s
[2015-10-30 02:57:21] thread 0: 170 hashes, 8.03 H/s
[2015-10-30 02:57:21] thread 1: 174 hashes, 8.24 H/s
[2015-10-30 02:57:21] thread 3: 175 hashes, 8.25 H/s
[2015-10-30 02:57:39] thread 0: 121 hashes, 6.81 H/s
[2015-10-30 02:57:39] accepted: 178/178 (100.00%), 31.68 H/s at diff 16000 (yay!
!!)

mining with 4 threads? I assume 4 is all of them and you would need 8MB L3 cache to use them all efficiently. I bet you will get a better HR with less cores/threads.

In regards to solo mining with my bad comp, I just tried mining with simplewallet for the first time since upgrading to the windows 0.9 beta. Getting 33.5 H/s with both cores or ~22 H/s with one.

nioc

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Quote from: dEBRUYNE on October 30, 2015, 04:03:37 PM

Quote from: ArticMine on October 30, 2015, 04:01:05 PM

Quote from: ArticMine on October 30, 2015, 04:01:05 PM

...

I believe you meant September 15, 2015 for the code freeze for version 0.9

Yes that is correct.

Little remark, it was either September 15, 2015 or October 15, 2015 if I recall correctly. However, since we passed both already your argument is still valid and furthermore I agree with it.

It's quite simple, mr manipulator and the bears will be able to determine the price (+control the market) until we have a new release.

fluffypony today commented on the Monero forum that the delay in the code freeze will not push back the hardfork date because most people will want to upgrade to the new release.

Yeah!! the 0.9 release is less than 6 months away Grin

dEBRUYNE

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