Topic: [XMR] Monero Speculation - page 1848. (Read 3314350 times)
Why?
August 8th will be an exciting day for Monero in China
8/8 was chosen for a reason as 8 is a lucky number.
I think Chinese interest in bitcoin during 2013 boom was misunderstood. Its not all about diversification, capital controls or getting money out of China (although it may have been part of it). Chinese investors like booming markets. Just over the last decade look at trends in real estate and stock market. Money chases markets that are moving, and it can happen quickly as we saw for many BTC38 traded alts recently as stock market was struggling.
The recent stock market crash (despite recent failed attempts to keep the market propped up by large institutions and new margin polices to increase liquidity) will lead to more people looking for new ways to put their money. Financial privacy with fungibility although a new concept to some, will be very appealing to many. Education needs to be a major focus so that people understand what Monero has the potential to do for their lives.
8/8 will be a great day to introduce China to Monero. We now have cold storage, view key, integrating addresses, xmr.to, mymonero, multiple unofficial wallets, LMDB.
Much more is in development from community members, including crypto kingdom, moneroinvestment.com, new fiat exchanges and more I am probably not aware of. Dev team is making steady progress with everything in roadmap.
About 1 month after 8/8 about half of XMR will be mined so supply/demand balance will start to move more and more in the right direction
As a community, lets get to work! Whatever language you speak, start translating. getmonero and moneroinvestment translations are critical and need to be done ASAP. Transifex is being used by bitcoin and dash for certain websites. Maybe we should do the same
8/8 was chosen for a reason as 8 is a lucky number.
I think Chinese interest in bitcoin during 2013 boom was misunderstood. Its not all about diversification, capital controls or getting money out of China (although it may have been part of it). Chinese investors like booming markets. Just over the last decade look at trends in real estate and stock market. Money chases markets that are moving, and it can happen quickly as we saw for many BTC38 traded alts recently as stock market was struggling.
The recent stock market crash (despite recent failed attempts to keep the market propped up by large institutions and new margin polices to increase liquidity) will lead to more people looking for new ways to put their money. Financial privacy with fungibility although a new concept to some, will be very appealing to many. Education needs to be a major focus so that people understand what Monero has the potential to do for their lives.
8/8 will be a great day to introduce China to Monero. We now have cold storage, view key, integrating addresses, xmr.to, mymonero, multiple unofficial wallets, LMDB.
Much more is in development from community members, including crypto kingdom, moneroinvestment.com, new fiat exchanges and more I am probably not aware of. Dev team is making steady progress with everything in roadmap.
About 1 month after 8/8 about half of XMR will be mined so supply/demand balance will start to move more and more in the right direction
As a community, lets get to work! Whatever language you speak, start translating. getmonero and moneroinvestment translations are critical and need to be done ASAP. Transifex is being used by bitcoin and dash for certain websites. Maybe we should do the same
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
I can probably live with that scenario.
Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.
If you don't trust an exchange to be honest, don't use it. Withdrawal limits allow Polo to minimize coins kept in hot wallet, which is helpful for security (less incentive for haX0Rz) and mitigates damage from successful penetration.
When our XMR at Polo are worth millions, we can either comply with full KYC (DNA swab, dick pic, original K-12 report cards, grandparents' medical records, blueprints of neighbors' houses, pet vaccination certs, etc.) or get an attorney to pry the funds out with a lawsuit.
The temporary pain of losing Polo is worth the eventual yield: fiat<-->XMR, with XMR pairs and margin trading (plus more volume/exchanges outside of USSA jackboot thug control).
Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.
You should never keep that much money on any exchange.
If you make a large trade, in the real world you have to allow 3 weeks for everything to be settled. In 3 weeks, you get to make about 19 withdrawals about 24500 USD each if you try moderately hard. That is $465,500 absolute maximum.
No, it is not enough after any price appreciation. There will be alternatives by that time.
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
...
Seriously, there will be a lot more exchange trading XMR if monero climbs to these kind of price.
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
At those prices, I assume those who have millions of dollars worth of XMR wouldn't be storing them on exchanges anyway (unless they know what they're doing).
but they need the possibillity to sell if they want to. not all at once, but close to.
the situation worries me a lot. due to this there are xmr whales not trading on polo anymore as you may have noticed. i have no problem with holding a coin longterm, but i will never hold something i can not sell if i want to, and yes i want to sell it quickly becasue maybe i need the money quickly.
i really hope we will see good liquidity on the fiat exchage, polo lost all my symapthies and i will never return if i can avoid it. having withdrawl limit/kyc/aml in non usd markets is just bullshit.
investing in xmr from whale point of view became a much higher risk due to this, thats how they caused huge damage to this coin. i can not ignore this. i was a loyal customer, produced several 100 k's of usd volume there, but enough is enough. not to mention the still unpublished lending data, its a shame they do this to their loyal customers. combination out of it smells very bad to me, it would not suprise me having them runing a fractional reserve (ponzi) system allready
anyway, i am confident we will see a new exchange soon. 1 year from now polo wil be completely forgotten(or still hover around somewhere close to 200 btc volume)
i can not see any real growth in xmr as long as this is our main exchange.
its really bad and yes i am angry. we can all be happy xmr has such strong whales with so much confidence in this coin. without them, xmr would have melted down imediately once the anouncment of polo came public. the exchangerate would be nowhere close to what it is now.
so please, dont say "the limit does not hurt", it does hurt the people making this coin valuable. they have more stress, higher risk and arehave to be more carefull investing since they dont know if they will be able to cash out easily.
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
At those prices, I assume those who have millions of dollars worth of XMR wouldn't be storing them on exchanges anyway (unless they know what they're doing).
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
I can probably live with that scenario.
Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.
You should never keep that much money on any exchange. By that time there will probably be decentralized p2p exchanges.
The problem arises during a bubble scenario when your money increases 10x or 100x in a short period.
You should keep it in your own wallet, only send what you plan to sell to an exchange.
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
I can probably live with that scenario.
Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.
You should never keep that much money on any exchange. By that time there will probably be decentralized p2p exchanges.
The problem arises during a bubble scenario when your money increases 10x or 100x in a short period.
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
I can probably live with that scenario.
Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.
You should never keep that much money on any exchange. By that time there will probably be decentralized p2p exchanges.
But you are right, those limits are a pain in the ass. I was disappointed when they were implemented. The rumor is that new fiat xmr exchanges are in the pipeline.
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
I can probably live with that scenario.
Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
You'll have to withdraw over weeks and weeks, send them a copy of your passport, fingerprints, DNA profile, dental records, a lock of your first born's hair, seventeen years of tax returns, urine sample, medical records...
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
If you only provide them with a name & email address - maximum daily withdrawal is $2,500. Its ridiculous, but I guess they have to comply with regulations.
I think you can provide more info and raise your limit but who wants to do that?
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
I can probably live with that scenario.
Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?
I've yet to see an XMR discount for silver, and hope not to because of the temptation it might provoke! 
I am selling you generic 90% U.S. coins at silver spot-1%, free in Estonia. ONLY XMR ACCEPTED
You giving them away in Estonia? :p
I've yet to see an XMR discount for silver, and hope not to because of the temptation it might provoke!
I am selling you generic 90% U.S. coins at silver spot-1%, free in Estonia. ONLY XMR ACCEPTED
Yes but you were using the example that you bought things with ltc and not XMR to illustrate the usefulness of ltc compared to XMR.
Shapeshift works with LTC and other far more obscure alts, most of which would otherwise be useless. 'Look how easy (via trusted 3rd party) it is to turn into a useful coin like BTC' isn't the best advertisement for XMR's utility.
When I was spending LTC, it was to get great deals on silver at ~spot +free shipping. I've yet to see an XMR discount for silver, and hope not to because of the temptation it might provoke!
10 usd would assume a market cap of over 100 millions (we should have more than 10 million coins by then). i can not see this happening this year, but in the long run ofc
orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident
orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident
Have you guys seen this? https://www.youtube.com/watch?v=bOp47r1r7XQ&feature=youtu.be
thanks for the video!
this guy is so wrong lol i dont even want to comment.
LOL, and the retard is standing in front of a "Free HIV Testing" sign. Lol He is getting buttraped by unsecure transactions.
10 usd would assume a market cap of over 100 millions (we should have more than 10 million coins by then). i can not see this happening this year, but in the long run ofc
orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident
orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident
Have you guys seen this? https://www.youtube.com/watch?v=bOp47r1r7XQ&feature=youtu.be
Lol, comment troll bitching about the emission. Bitcoin cannot be compared to other coin launches. It was the first. Sure emission was slower, but nobody knew or cared about it so distribution is the same or possibly even worse. First 3 years of bitcoins are in few hands compared to rest of people in crypto, forget about the world. Monero in it's first year is comparable to several first years of bitcoin as it is not this anomalous new tech that needs to be discovered, comprehended and then speculated. The ecosystem was already here to pick it up and word travels fast in crypto now. There has been and still is every opportunity to purchase XMR. In fact, someone needs to tell them that early adopters paid 2-5$ for their monero at time of highest emission and now they are only $0.5 so despite the high emission, new entrants are getting a vastly superior deal.
EDIT: Also, guy doing the video seems like tool. He doesn't even know that monero is mined. He thinks it was a burn like counterparty. And why is he doing his video in a thrift store? lol. Professional.
I also find it odd that someone is doing a video about something that they haven't researched at all. Why would you say that Monero is burned? It would take 2 minutes to google the answer.
I noticed that too. He knows nothing about Monero. He also doesn't consider the fact that many btc wallets have identities attached to them and are easily tracked. This means that moving your BTC to a monero sidechain would be deemed suspicious activity and they'd know who to contact. Monero > sidechains
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