Topic: [XMR] Monero Speculation - page 1764. (Read 3313576 times)

Regarding bolded part: That's not true, he'll launch his coin transparently.

Reference:


So we shouldn't really be worried about that.

@Obit33: Use log next time, it gives a more clear view :-)

The acquisitions of the company of Risto is so invisible that
1) The idea is to buy the last coins when the supply is even narrower
2) There is no buying at all and it was just an attempt to pump Monero and increase the awareness of the community
3) The most of the coins that are meant to buy are actually bought already and the company is running out of bitcoins
4) Something else?

Many tend to think about the first option (including me), but also the other points have some probability.

Next year it is expected to be a breakthrough year when it comes to the price of Monero. It is possible to have the breakthrough later years also but so many are expecting 2016 being the year of Monero that if it will not perform, it might decrease the interest of the coin owners.

Marketcapwise Monero starts to be easier to pump, however the weakness for the pump is that Monero is (probably) too diversified. Ideally a coin has a few big whales that own the most of the coins. Then with smaller amounts of bitcoins it is possible to drive the marketcap high enough to be remarkable.
On the other hand, if the whole community decides to increase their Monero acquisitations by some amount on daily basis we for sure have a pump - and those who sell too early will regret so there is no point in selling (at least any meaningful amounts - the sellers will be bailed out and the price continues rising pattern).

When the emission is getting tighter it is important (if marketcap is wanted to increase) to get extra buying pressure for the coin (from current holders or from noobs adapting XMR). That creates a situation where supply < demand and the marketcap rises. There is no other way to increase the marketcap than pouring out money into the coin.

Seems we have entered a narrow trading channel with should ultimately get resolve in the beginning of october (about a month after halving day  )



disclaimer: no TA-background at all, just fooling around for fun

edit: spelling correction

Yes, it will rise. I reference many of risto's analyses, american pegasus's "analyses", and the cold hard fact that over the past year, Monero has set research and development goals (tough ones) and has made progress on these. This trend has no reason to stop (how these guys keep cranking this stuff out, I have no idea), so if they continue knocking items off the list https://getmonero.org/design-goals/ , then the only reason monero doesn't rise is that crypto fails entirely as a sector.

how about XMR price now? getting -2.29% now,is it will rise again??

I also don't believe XMR current price is held down because of that. I am very interested in the concept, but so far it has not taken any investment dollars out of circulation, and even when it does, we are talking about $50-$100k total, hardly a sum to be visible in XMR price even in the unlikely case that it all came out from existing XMR investments.

I highly doubt that is why the price is where it is at.

His project is vaporware.

Remains to be seen.

XMR is real and exists today. Hence there is support for it.

He's repeated a lot of talking points from Martin Armstrong and keeps plugging his revolutionary project.

I guarantee there's a big pre-mine. Just has that "promotional" vibe.

I'd give that possibility odds of billions to one.

One possibility that may be holding the price back is AnonyMint's vaporcoin that will supposedly fix a lot of centralization (as well as privacy) issues in crypto. Whether it's as revolutionary as he claims (I don't think he's ever delivered code for a crypto project), I'm sure a number of people are curiously waiting on the sidelines to see what comes of it. Though I wouldn't expect much to happen very soon.

The problem is thinking everything is static and Monero depends on the current scene, it doesn't.

I bet there are some waiting for a large sellout to fill the vacuum.

BTER has traded Monero for a long time.

EDIT: In fact there seems to be a fiat pair, with a bit of volume even: https://bter.com/trade/xmr_cny

1) Greed. Many people are looking for an speculative object to gain more Fiat. This is somehow true for BTC and even more true for all the alts with their tiny markets which are easy to manipulate.
2) The Coin that can gather most of the people that believe in the thing itself and not only look at it to get rich ( again FIAT )

Yes if my feelings (= tea leafs) are any indication, we are at the bottom that probably never will come back. I am so depressed on the price action. 
However, my fear is, it is not a bottom and there is going to be downward pressure from here due to the lack of buyers.
There are rumours that there is a company that buys Moneros but nobody sees any actions that indicates such behavior.
I know the fiat exchanges are not something you create overnight but it was expected that in the summer 2015 there would be a fiat-XMR-fiat exchange. I am not aware if we have it (now it is autumn already). I hope those projects are legitimate and actually delivering (at least one of them and dedicating to XMR), Chinese markets were supposed to open, but nothing seems to happen from that direction. BTC38 did not accept Monero?

Do not get me wrong, I am not bearish but there are pretty many things that are halfway. I hope at least one of each kind of projects will realize (Monero doesn't need dozens of fiat exchanges - only one good and Monero-dedicated one), merchant tools after the fiat exchange (or prefertably integrated to the exchange - should be easy to do when you have liquid fiat exchange), China needs a reliable exchange adaption and gateway to Monero - there are tons of stupid money that can drive the price up several orders of magnitude as Chinese speculators like gambling in the markets.

No I don't sell because of the wall. I kept buying until today because of the wall. Only today I bought 3k Monero.

I'm pretty sure you mean the blocks size and scaling.

I mostly disagree. I think the biggest problem right now is lack of a compelling use case. In fact not only is such a use case not accessible to end users, but the visibility of that happening soon isn't there for speculators. (Which doesn't guarantee it won't, but if you claim otherwise, just be aware you are bucking the trend.)

But we recently discussed that, so let's not rehash it.

One has to ask some fundamental questions here:
1) What is the biggest problem currently facing Bitcoin, and by extension "all crypto" today?
2) Which coin(s) has / have a solution to the above problem that works?

Edit: The problem is not privacy / fungibility

Basically true of all of crypto. I would say it indicates that it won't succeed in any big way soon. Longer term discounting is harder to interpret.

I remember the same feeling when we were just below 0.001 BTC
This indicates to me that we are either at a local bottom, or on the edge of the cliff

My bets are that we are on the former, fasten your seatbelts

If you sell because of the wall, I think you're doing exactly what the wall wants you to do. Did you guys forget about the company buying all the XMR?