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Topic: [XMR] Monero Speculation - page 1856. (Read 3314350 times)

hero member
Activity: 876
Merit: 568
( ͡⊙ ͜ʖ ͡⊙)
June 30, 2015, 06:48:59 AM
Just wanted to post and tell that I don't see anything happening in Monerosphere. Once we get one serious buyer (and I still have many in the pipeline, and some small ones are accumulating as we speak), then there will be price action.

As long as the whole world does not provide one person interested in a private cryptocurrency, well, then we'll have to languish at the current levels  Cheesy

Let it drop before the pump.  Grin
I (and I assume many others, too) want some cheap coinz.

What is "cheap" for you ?
legendary
Activity: 1092
Merit: 1000
June 30, 2015, 05:56:35 AM
Just wanted to post and tell that I don't see anything happening in Monerosphere. Once we get one serious buyer (and I still have many in the pipeline, and some small ones are accumulating as we speak), then there will be price action.

As long as the whole world does not provide one person interested in a private cryptocurrency, well, then we'll have to languish at the current levels  Cheesy

Let it drop before the pump.  Grin
I (and I assume many others, too) want some cheap coinz.
donator
Activity: 1722
Merit: 1036
June 30, 2015, 05:34:21 AM
Just wanted to post and tell that I don't see anything happening in Monerosphere. Once we get one serious buyer (and I still have many in the pipeline, and some small ones are accumulating as we speak), then there will be price action.

As long as the whole world does not provide one person interested in a private cryptocurrency, well, then we'll have to languish at the current levels  Cheesy
hero member
Activity: 714
Merit: 504
June 30, 2015, 04:47:29 AM
Good time to buy into XMR now with the dip in price?



The 0.0017-0.0019 area has historically been a great support zone, so I would advise to place your bids according to that. Furthermore, dollar cost (or btc cost) averaging is key with this kind of volatility.

I'm not completely sure if the above posts are any indication.  The easy capitalization margin trading machine has been limited by Poloniex now, so Monero has to do some reinvention to make up the shortfall.



Subtle FUD posts are the greatest indicators of a good purchase.
hero member
Activity: 756
Merit: 506
June 30, 2015, 04:38:42 AM
Good time to buy into XMR now with the dip in price?



The 0.0017-0.0019 area has historically been a great support zone, so I would advise to place your bids according to that. Furthermore, dollar cost (or btc cost) averaging is key with this kind of volatility.

I'm not completely sure if the above posts are any indication.  The easy capitalization margin trading machine has been limited by Poloniex now, so Monero has to do some reinvention to make up the shortfall.

legendary
Activity: 2268
Merit: 1141
June 30, 2015, 04:11:23 AM
Good time to buy into XMR now with the dip in price?



The 0.0017-0.0019 area has historically been a great support zone, so I would advise to place your bids according to that. Furthermore, dollar cost (or btc cost) averaging is key with this kind of volatility.
legendary
Activity: 1457
Merit: 1001
June 30, 2015, 02:54:43 AM
Good time to buy into XMR now with the dip in price?

member
Activity: 75
Merit: 10
June 29, 2015, 10:25:06 PM
I think one of Monero's biggest weaknesses right now is the fact that there is only one exchange that supports it with any kind of volume. What would happen if Polo got shutdown or hacked?

It is also traded on Bittrex. In your hypothetical world I imagine more traffic would move there

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
June 29, 2015, 08:32:16 PM
Bitcoin and especially LTC has risen nicely, while XMR has languished.

Stinks....... Sad

Not if you want to buy more XMR.   Cool
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
June 29, 2015, 08:23:01 PM

yeah they did some damage implementing those kyc rules. some of the buyers did never return and hurdles to buy monero are bigger for newcomers now

I'm not sure that I agree that there are any bigger hurdles for newcomers.  Shapeshift seems to work just fine and is roughly the same process as when we were using Polo:

Buy BTC on Coinbase or Circle (or other).
Transfer BTC to Polo or Shapeshift.
Get XMR.

In fact, I'd say that the rise of Shapeshift has made things easier.  Now, instead of letting too much of my stash reside on Polo (a safety concern), it goes to my XMR wallet directly.

The whole Polo debacle was more of an "ugh, really?!  Ok, fine." And it probably increased the security of our community by having us move XMR to our wallets.  Sure, it was a PITA, but I don't think any medium to long term damage was done.

Polo has done XMR a great favor.  The short term pain is worth the long term gain.

Their KYC boot-licking has two beneficial effects.  First, it creates motivation/incentive for volume to move to other exchanges.

I've been waiting for someone to buy KoziTwo's nifty cryptonote.exchange.to project and stick it on an i2p/onion site....

Second, Polo is now ready to start the scaling process of accepting fiat not just from piddly bank transfers, but real (7+ figures) money from accredited investors as well.
full member
Activity: 201
Merit: 100
June 29, 2015, 04:56:26 PM

yeah they did some damage implementing those kyc rules. some of the buyers did never return and hurdles to buy monero are bigger for newcomers now

I'm not sure that I agree that there are any bigger hurdles for newcomers.  Shapeshift seems to work just fine and is roughly the same process as when we were using Polo:

Buy BTC on Coinbase or Circle (or other).
Transfer BTC to Polo or Shapeshift.
Get XMR.

In fact, I'd say that the rise of Shapeshift has made things easier.  Now, instead of letting too much of my stash reside on Polo (a safety concern), it goes to my XMR wallet directly.

The whole Polo debacle was more of an "ugh, really?!  Ok, fine." And it probably increased the security of our community by having us move XMR to our wallets.  Sure, it was a PITA, but I don't think any medium to long term damage was done.




sr. member
Activity: 453
Merit: 500
hello world
June 29, 2015, 04:32:35 PM
....

Is polo damaging monero? What do you mean?

yeah they did some damage implementing those kyc rules. some of the buyers did never return and hurdles to buy monero are bigger for newcomers now
sr. member
Activity: 406
Merit: 250
June 29, 2015, 04:24:18 PM
XMR is not damaged by Polo. It is damaged by botnet or system admins, the mining with zero electricity cost.
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
June 29, 2015, 04:18:39 PM
the orderbook looks weak. is this the new normal? the damage done by polo just gets more and more visible, if btc rises more it does not look too good, monero seems to stay at around 50 cents. Monero stays unaffected from the current btc rise, but we know it has its own cycle.
btc based alts go strong, the infrastructure advantage combined with monero's high mining output is just too much at the moment for the price to bear. but who is brave enough to dump it down? and when will the bulls that now collectively let it drop step in and end this game?

Is polo damaging monero? What do you mean?
sr. member
Activity: 453
Merit: 500
hello world
June 29, 2015, 04:12:45 PM
the orderbook looks weak. is this the new normal? the damage done by polo just gets more and more visible, if btc rises more it does not look too good, monero seems to stay at around 50 cents. Monero stays unaffected from the current btc rise, but we know it has its own cycle.
btc based alts go strong, the infrastructure advantage combined with monero's high mining output is just too much at the moment for the price to bear. but who is brave enough to dump it down? and when will the bulls that now collectively let it drop step in and end this game?
hero member
Activity: 532
Merit: 500
June 29, 2015, 03:32:12 PM
Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value.  Cry

Keep your nervs, wait for the long run  Roll Eyes

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalksearch.org/topic/m.11663084

No - because that kind of attack is way easier to make on DASH/DARKCOIN.

I can just spam the network with coinjoin transactions, all i need is a moderate amount of DRK (a few hundred) and pay some tx fees (i dont really need to if i make a deal with a pool tho).
Then owning most of the coinjoin transcactions i can exactly tell which "coins" belong to the other users and which are mine, no need to attack the masternode crap at all :-)
With the low darksend volume its so damn easy to do that :-) Your anonymity set is just the current transactions, ours is the whole blockchain.

Thanks for pointing out how useless DASH is tho.

I thought I was responding to why some might be hesitating to buy more when there are open issues instead of comparing XMR and DASH. If I have made an XMR transaction in the past I believed would be and remain private how does it console me if such an attack is supposedly easier on some other coin?

Is your aim to provide anonymous transactions, or compete with DASH?

(Btw, there are things that make it not as easy as you suggest wrt spamming DASH mixing but that's off-topic)


https://bitcointalksearch.org/topic/m.11747993

"(unless you have some way of telling whether outputs have been spent, thus proving the proofs of Fujisaki/Suzuki https://eprint.iacr.org/2006/389.pdf incorrect, what you suggest seems impossible to me)."


crossposted here for reference as the main thread is constantly spammed by weird bcn guys.
hero member
Activity: 966
Merit: 1003
June 29, 2015, 02:39:19 PM
Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value.  Cry

Keep your nervs, wait for the long run  Roll Eyes

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalksearch.org/topic/m.11663084

No - because that kind of attack is way easier to make on DASH/DARKCOIN.

I can just spam the network with coinjoin transactions, all i need is a moderate amount of DRK (a few hundred) and pay some tx fees (i dont really need to if i make a deal with a pool tho).
Then owning most of the coinjoin transcactions i can exactly tell which "coins" belong to the other users and which are mine, no need to attack the masternode crap at all :-)
With the low darksend volume its so damn easy to do that :-) Your anonymity set is just the current transactions, ours is the whole blockchain.

Thanks for pointing out how useless DASH is tho.

I thought I was responding to why some might be hesitating to buy more when there are open issues instead of comparing XMR and DASH. If I have made an XMR transaction in the past I believed would be and remain private how does it console me if such an attack is supposedly easier on some other coin?

Is your aim to provide anonymous transactions, or compete with DASH?

(Btw, there are things that make it not as easy as you suggest wrt spamming DASH mixing but that's off-topic)
legendary
Activity: 1456
Merit: 1000
June 29, 2015, 02:04:26 PM
Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value.  Cry

Keep your nervs, wait for the long run  Roll Eyes

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalksearch.org/topic/m.11663084

No - because that kind of attack is way easier to make on DASH/DARKCOIN.

I can just spam the network with coinjoin transactions, all i need is a moderate amount of DRK (a few hundred) and pay some tx fees (i dont really need to if i make a deal with a pool tho).
Then owning most of the coinjoin transcactions i can exactly tell which "coins" belong to the other users and which are mine, no need to attack the masternode crap at all :-)
With the low darksend volume its so damn easy to do that :-) Your anonymity set is just the current transactions, ours is the whole blockchain.

Thanks for pointing out how useless DASH is tho.


Oh come on, they have a nice blue Dalmatian mascot.  The DASH Dalmatian.
hero member
Activity: 532
Merit: 500
June 29, 2015, 02:02:01 PM
Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value.  Cry

Keep your nervs, wait for the long run  Roll Eyes

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalksearch.org/topic/m.11663084

No - because that kind of attack is way easier to make on DASH/DARKCOIN.

I can just spam the network with coinjoin transactions, all i need is a moderate amount of DRK (a few hundred) and pay some tx fees (i dont really need to if i make a deal with a pool tho).
Then owning most of the coinjoin transcactions i can exactly tell which "coins" belong to the other users and which are mine, no need to attack the masternode crap at all :-)
With the low darksend volume its so damn easy to do that :-) Your anonymity set is just the current transactions, ours is the whole blockchain.

Thanks for pointing out how useless DASH is tho.
hero member
Activity: 966
Merit: 1003
June 29, 2015, 10:59:37 AM
Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value.  Cry

Keep your nervs, wait for the long run  Roll Eyes

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalksearch.org/topic/m.11663084
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