[XMR] Monero Speculation - page 1780.

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: slap on August 24, 2015, 02:22:03 PM

Quote from: Gillette on August 24, 2015, 01:58:25 PM

Quote from: slap on August 08, 2015, 10:35:02 AM

Quote from: Gillette on August 08, 2015, 09:27:10 AM

Interesting... While btc is down, xmr is up

Yep, hence the question I dropped few days earlier; is xmr being used as an hedge towards btc?
Ofcourse you can drop btc in different altcoins as an hedge, but xmr seems the weapon of choice for this.
Confirmed?

Not confirmed. As soon as btc began loosing its value, xmr did the same. Today xmr cost 0.45 USD.

So, ETH used as an hedge against BTC than (for today, that is)?
Agreed xmr is unconfirmed.

ETH is premined and had an ICO, there is too much hype to confirm it as any kind of hedge.

slap

hero member

Activity: 564

Merit: 502

Quote from: Gillette on August 24, 2015, 01:58:25 PM

Quote from: slap on August 08, 2015, 10:35:02 AM

Quote from: Gillette on August 08, 2015, 09:27:10 AM

Interesting... While btc is down, xmr is up

Yep, hence the question I dropped few days earlier; is xmr being used as an hedge towards btc?
Ofcourse you can drop btc in different altcoins as an hedge, but xmr seems the weapon of choice for this.
Confirmed?

Not confirmed. As soon as btc began loosing its value, xmr did the same. Today xmr cost 0.45 USD.

So, ETH used as an hedge against BTC than (for today, that is)?
Agreed xmr is unconfirmed.

kazuki49

sr. member

Activity: 350

Merit: 250

Quote from: jehst on August 24, 2015, 02:04:49 PM

China is half of bitcoin. Bitcoin is 90% of Monero. Regardless of your feelings about XMR, you have to consider whether you are bullish or bearish on BTC as a preliminary question.

pretty much, I was in the hope that wiping polo buy side would move some market to other exchanges. The problem with Bitcoin is because it was the first decentralized currency much hype was built around untrue facts like anonymity, scalability and even true decentralization, the fact is that deflation is not really that great for economies, so we are seeing a reckoning of these weakness and if crypto is to stay around, a move to better cryptocurrencies like Monero.

jehst

hero member

Activity: 798

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21 million. I want them all.

Quote from: americanpegasus on August 24, 2015, 02:07:22 PM

In that respect I would be bullish. China will start waking up to just what a sham their manipulated markets and currency really are soon and will seek alternatives. Bitcoin might fall to the one hundreds, but double digits are unlikely unless it's part of a flash crash capitulation moment.

Bitcoin's value is 90% speculative froth even now. A very small number of coins are needed to facilitate remittances, payment processing, black markets, etc. If everyone starts hating bitcoin (or can't afford to spend any money on it) then the floor is in the double digits. If everyone starts loving bitcoin, there is no ceiling. That's why we're in this.

americanpegasus

hero member

Activity: 770

Merit: 504

In that respect I would be bullish. China will start waking up to just what a sham their manipulated markets and currency really are soon and will seek alternatives. Bitcoin might fall to the one hundreds, but double digits are unlikely unless it's part of a flash crash capitulation moment.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

China is half of bitcoin. Bitcoin is 90% of Monero. Regardless of your feelings about XMR, you have to consider whether you are bullish or bearish on BTC as a preliminary question.

americanpegasus

hero member

Activity: 770

Merit: 504

No chance Monero ever trades between 1 and 2 cents.

You're telling me someone wouldn't be willing to take the bet to just buy a million Monero for $10,000? I think the game theory aspect of it might irrationally discount Monero for a while, but the best form of money always wins in the end.

Crypto may get taken down with the markets but will find new fans as it inexplicably rises up despite worsening fiat conditions as desperate traders start looking at other options besides currencies and stocks.

Gillette

hero member

Activity: 744

Merit: 500

Quote from: slap on August 08, 2015, 10:35:02 AM

Quote from: Gillette on August 08, 2015, 09:27:10 AM

Interesting... While btc is down, xmr is up

Yep, hence the question I dropped few days earlier; is xmr being used as an hedge towards btc?
Ofcourse you can drop btc in different altcoins as an hedge, but xmr seems the weapon of choice for this.
Confirmed?

Not confirmed. As soon as btc began loosing its value, xmr did the same. Today xmr cost 0.45 USD.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: Siexpert on August 24, 2015, 01:30:11 PM

Quote from: TrueCryptonaire on August 24, 2015, 01:01:47 PM

I am becoming more and more convinced bitcoin will not make any new ATH.
I think the bear market is too rough and it certainly discourages any new investors to adapt it.
It is just a matter of months when BTC is trading around 100 usd (in my opinion - I might be wrong also - but certainly at least it has some probability to occur).
There is very little to no incentive for anyone buying bitcoins. There is pretty much nothing in sight that could potentially increase the demand for bitcoins.

That's our chance. It is important the community start measuring moneros in fiat terms, not in bitcoin terms (otherwise Monero will die together with bitcoin).

Why do you think that if bitcoin dies in this stage, Monero would have any chance to survive? Of course there is a thing like the second-mover advantage, and Monero is superior to Bitcoin in many aspects, but I don't think that would be enough.

I might not have said it clear enough. I said, if we measure Monero in bitcoins it will die also with bitcoin.
When bitcoin hits 5 usd/btc, it means Monero is trading between 0.01-0.02 usd/each.
If we start measuring and thinking Moneros in terms of fiat, I doubt those prices will not realize as people are willing to buy Moneros even for 1 btc each in this scenario.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: americanpegasus on August 24, 2015, 01:26:48 PM

Oh my god it's a capitulation buffet. Bring it on, this is where the money is made!

And I fully agree with TC. XMR should be thought of in terms of Usd, not btc. Why would compare a rate of apples to oranges just because both are fruit?

I know we are down below 50 cents.... I'm wondering if we will hit 40 cents each. Either way, my buying will start soon and keep going until 2016 at least. TPTB keeps predicting the ultimate low in crypto will come in Spring 2016, so we will see.

This is how you know you're onto a good thing, when you don't cringe as the price goes down because you are "losing" money. You think of it as an opportunity to own more.

That's what people thought when they were buying $900 btc on the way down.

It doesn't matter how you want to think about XMR, fact is nearly all crypto is tied to BTC and when it tanks so does the price of its trade pair.

Siexpert

newbie

Activity: 42

Merit: 0

Quote from: TrueCryptonaire on August 24, 2015, 01:01:47 PM

I am becoming more and more convinced bitcoin will not make any new ATH.
I think the bear market is too rough and it certainly discourages any new investors to adapt it.
It is just a matter of months when BTC is trading around 100 usd (in my opinion - I might be wrong also - but certainly at least it has some probability to occur).
There is very little to no incentive for anyone buying bitcoins. There is pretty much nothing in sight that could potentially increase the demand for bitcoins.

That's our chance. It is important the community start measuring moneros in fiat terms, not in bitcoin terms (otherwise Monero will die together with bitcoin).

Why do you think that if bitcoin dies in this stage, Monero would have any chance to survive? Of course there is a thing like the second-mover advantage, and Monero is superior to Bitcoin in many aspects, but I don't think that would be enough.

americanpegasus

hero member

Activity: 770

Merit: 504

Oh my god it's a capitulation buffet. Bring it on, this is where the money is made!

And I fully agree with TC. XMR should be thought of in terms of Usd, not btc. Why would compare a rate of apples to oranges just because both are fruit?

I know we are down below 50 cents.... I'm wondering if we will hit 40 cents each. Either way, my buying will start soon and keep going until 2016 at least. TPTB keeps predicting the ultimate low in crypto will come in Spring 2016, so we will see.

This is how you know you're onto a good thing, when you don't cringe as the price goes down because you are "losing" money. You think of it as an opportunity to own more.

kenji

sr. member

Activity: 448

Merit: 255

rip monero

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

I am becoming more and more convinced bitcoin will not make any new ATH.
I think the bear market is too rough and it certainly discourages any new investors to adapt it.
It is just a matter of months when BTC is trading around 100 usd (in my opinion - I might be wrong also - but certainly at least it has some probability to occur).
There is very little to no incentive for anyone buying bitcoins. There is pretty much nothing in sight that could potentially increase the demand for bitcoins.

That's our chance. It is important the community start measuring moneros in fiat terms, not in bitcoin terms (otherwise Monero will die together with bitcoin).

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: Siexpert on August 24, 2015, 12:10:12 PM

I'm transferring most of my BTC from Bitfiniex to Poloniex, because of the recent problems with that exchange. Hopefully I will be able to buy some cheap Monero in the next days.

Edit: looks like the ascending trendline from the all-time low is about to be broken, which means the price might go down to the 0.001 level again. Bitcoin doesn't looks too good either, if the 210 support area is broken, it's almost sure the price will go down in the 180-160$ zone.

If I can get $150 XBT, and .001 XMR, well, that sounds like a fine combination to me! More sure about the low XBT than the low XMR though...

Siexpert

newbie

Activity: 42

Merit: 0

I'm transferring most of my BTC from Bitfiniex to Poloniex, because of the recent problems with that exchange. Hopefully I will be able to buy some cheap Monero in the next days.

Edit: looks like the ascending trendline from the all-time low is about to be broken, which means the price might go down to the 0.001 level again. Bitcoin doesn't looks too good either, if the 210 support area is broken, it's almost sure the price will go down in the 180-160$ zone.

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: nioc on August 21, 2015, 12:47:40 PM

I speculate that it will be very unlikely to be able to purchase any appreciable amount under 230 in the future.

In case anybody had any doubts this is proof I am clueless and hence why I don't trade.

Unfortunately I was unable to get any on this dip but as always I'm looking forward to the future while being here now.

slap

hero member

Activity: 564

Merit: 502

Well, congrats with your game.
You dont seem to mind mentioning in every single post though. Wink

OT
so you sold some apples today?

rpietila

donator

Activity: 1722

Merit: 1036

Quote

someone thought xmr was apple?

Or maybe I was too preoccupied with Crypto Kingdom going live to pay attention.

Many reasons...

dEBRUYNE

legendary

Activity: 2268

Merit: 1141

Quote from: dreamspark on August 24, 2015, 10:11:08 AM

Quote from: Barney on August 24, 2015, 09:49:48 AM

Bid support is down to 50btc. Can't remember when I last saw it this low. Looks like whoever wants to buy sub 200k will have this opportunity soon.

It's not been this low since it was introduced to Polo. Sad times and RIP the top longers. Not surprising while btc is sliding and I can see it sliding another $100 or so easily. Nobody wants to hold alts while the other side of the trade loses $ value.

When we dumped through 0.001 it was only around ~30 BTC if I recall correctly. I wouldn't be suprised if this dump was made in order to hunt stoplosses/margin calls. As long as 0.002 holds I am not really that worried.

Regarding the bolded part: This is certainly true for most alts, however XMR acts mostly as a hedge due to it's fundamentals so it might be different. I have to add though that a sliding BTC price decreases confidence in general in cryptocurrencies.

Topic: [XMR] Monero Speculation - page 1780. (Read 3313576 times)