Is the Mnemonic seed created by this compatible to mymonero as well?
only the simplewallet but it can be imported to mymonero by paying a 10 XMR fee
Topic: [XMR] Monero Speculation - page 1866. (Read 3314343 times)
only the simplewallet but it can be imported to mymonero by paying a 10 XMR fee
Is the Mnemonic seed created by this compatible to mymonero as well?
Crosspost worthy:
In addition, you could also use http://moneroaddress.org/
It has been requested many times, and it is here, at last.
https://github.com/moneromooo-monero/monero-wallet-generator is a browser based offline wallet generator for Monero. This means you can generate a new Monero address/wallet without the simplewallet binary. The page is self contained, so is suitable for saving and using offline (ie, possibly on a computer which is not connected to the network).
The git commits are GPG signed. If you know how to do so, I encourage you to verify the signature is a valid one. My key can be found in the Monero source tree:
https://github.com/monero-project/bitmonero/blob/master/utils/gpg_keys/moneromooo.asc
The Cryptonote code was adapted from MyMonero. I had to change the way it derives the view key to make it compatible with simplewallet. This means the wallets generated are NOT compatible with MyMonero, but with simplewallet.
Wallets generated with monero-wallet-generator can be restored at any time with simplewallet:
./build/release/bin/simplewallet --restore-deterministic-wallet --wallet-file mynewwalletfilename
Choose a new password, copy the seed you got from monero-wallet-generator, and the wallet will be restored.
Only English seeds are supported, due to issues with UTF-8 preventing restoring other languages. This will hopefully change in the future (though low priority).
Same thing for non Firefox browsers. I don't have them, so any fixing there is low priority.
Last, no warranty. If you have the opportunity, a test restore before moving monero to a new wallet is a good idea, though I guess it kinda defeats the purpose.
https://github.com/moneromooo-monero/monero-wallet-generator is a browser based offline wallet generator for Monero. This means you can generate a new Monero address/wallet without the simplewallet binary. The page is self contained, so is suitable for saving and using offline (ie, possibly on a computer which is not connected to the network).
The git commits are GPG signed. If you know how to do so, I encourage you to verify the signature is a valid one. My key can be found in the Monero source tree:
https://github.com/monero-project/bitmonero/blob/master/utils/gpg_keys/moneromooo.asc
The Cryptonote code was adapted from MyMonero. I had to change the way it derives the view key to make it compatible with simplewallet. This means the wallets generated are NOT compatible with MyMonero, but with simplewallet.
Wallets generated with monero-wallet-generator can be restored at any time with simplewallet:
./build/release/bin/simplewallet --restore-deterministic-wallet --wallet-file mynewwalletfilename
Choose a new password, copy the seed you got from monero-wallet-generator, and the wallet will be restored.
Only English seeds are supported, due to issues with UTF-8 preventing restoring other languages. This will hopefully change in the future (though low priority).
Same thing for non Firefox browsers. I don't have them, so any fixing there is low priority.
Last, no warranty. If you have the opportunity, a test restore before moving monero to a new wallet is a good idea, though I guess it kinda defeats the purpose.
In addition, you could also use http://moneroaddress.org/
CryptoKingdom (and CKG) marketcap has reached an all-time high, which might be a positive for XMR future as well.
Since the King's Coinshop offered to buy @0.500000 XMR, none has been bought. Rather we have sold more.
At midprice, CKG marketcap is now 535,000 XMR. CK marketcap could be approximately 800,000 XMR.
Since the King's Coinshop offered to buy @0.500000 XMR, none has been bought. Rather we have sold more.
At midprice, CKG marketcap is now 535,000 XMR. CK marketcap could be approximately 800,000 XMR.
Why are permabulls (like me) silent when the price is on the floor? 
I'll echo the two other comments and simply add that I am not interested in getting bloodied in short term trades of such a thinly traded and highly speculative asset.
"He who chews, speaks not"
Ancient Greek saying.
Ancient Greek saying.
That's good.
Why are permabulls (like me) silent when the price is on the floor?
I can't speak for others, but there isn't much to say at the moment. I agree with ArticMine's sentiment above:
Quote
I consider myself a bull in the medium to long term (1-2 years). In the short term: Who knows?
I see the DB release, official core GUI and 50% emission (barring tail) as the main upcoming events for Monero. It will be great if the first two arrive before the last. Then, things will get interesting.
Q
Why are permabulls (like me) silent when the price is on the floor?
"He who chews, speaks not"
Ancient Greek saying.
Why are permabulls (like me) silent when the price is on the floor?
All else being equal, every day that the price doesn't go down, it becomes less likely that the price will go down. That's because smooth emission gives us fewer coins today than it gave us yesterday.
.002 is a nice, round number.
Personally, I will seek to buy more around this level when I have spare cash.
.002 is a nice, round number.
Personally, I will seek to buy more around this level when I have spare cash.
That is exactly the case if you assume there are buyers who are willing to buy more than there is emission of new coins (for long haul).
The gap is filled with early adopters selling.
However, it is not guaranteed that the buyers have desire to buy more Moneros than there is emission + early adopter's selling (for short term).
All else being equal, every day that the price doesn't go down, it becomes less likely that the price will go down. That's because smooth emission gives us fewer coins today than it gave us yesterday.
.002 is a nice, round number.
Personally, I will seek to buy more around this level when I have spare cash.
.002 is a nice, round number.
Personally, I will seek to buy more around this level when I have spare cash.
My most bullish prediction ever 
I present you:
The Massive Monero Head & Shoulders Pattern
ADVICE*
BUY asap; SELL @ 0.008; BUY @ 0.004
* This advice is in no way investment advice. Always consult your professional mainstream investment banker. Never invest more than you can afford to loose.
I present you:
The Massive Monero Head & Shoulders Pattern
ADVICE*
BUY asap; SELL @ 0.008; BUY @ 0.004
* This advice is in no way investment advice. Always consult your professional mainstream investment banker. Never invest more than you can afford to loose.
Interesting. There is little doubt in my mind that a break above 0.0043 would be very bullish for XMR; however trend following in this market can be dangerous particulary for anyone buying a substantial amount of XMR. I prefer to buy in a falling or flat market, suffer any short term paper losses, and then hold until the fundamentals show up.
Edit: Why wait for a breakout? Why not consider 50% XMR and 50% USD for the same amount of XBT at current prices since one gets the same amount of XMR and one has also the USD as a hedge?
My most bullish prediction ever
I present you:
The Massive Monero Head & Shoulders Pattern
ADVICE*
BUY asap; SELL @ 0.008; BUY @ 0.004
* This advice is in no way investment advice. Always consult your professional mainstream investment banker. Never invest more than you can afford to loose.
I present you:
The Massive Monero Head & Shoulders Pattern
ADVICE*
BUY asap; SELL @ 0.008; BUY @ 0.004
* This advice is in no way investment advice. Always consult your professional mainstream investment banker. Never invest more than you can afford to loose.
My observation from the thread and the price is that everyone (me included) seems to want it to go down, if only a little. Yet it is unwilling to go down. The shorting/longing on Poloniex does not seem to have affected the situation at all.
I think the following thesis could be applied to this: When everybody is screaming it is going down, they probably already sold and are anticipating on a correction. However, when everybody already sold, you get a lack of sellers and thus price will resist to go down. Opposite is for when everybody is bullish.
Yes I would agree with this asseseement. My take on this market is that there are a fair number of buyers, some with deep pockets, who have sold XMR and are hoping to buy in the 0.0010 - 0.0020 range. While it may be possible to pick up some XMR in this range, the quantities of XMR required to feed hungry whales may turn out to be a different matter.
Some things to keep in mind here are:
1) The emission is steadiy falling.
2) There has been a steady number of code commits to github over the last six months that are not in the official binaries. The database being the prime example. This creates the false impression that "nothing is happening on the development side".
3) There are a host of external factors that can have a sharp upside impact on the price, starting of course with the 1 MB issue in Bitcoin.
I consider myself a bull in the medium to long term (1-2 years). In the short term: Who knows?
My observation from the thread and the price is that everyone (me included) seems to want it to go down, if only a little. Yet it is unwilling to go down. The shorting/longing on Poloniex does not seem to have affected the situation at all.
I think the following thesis could be applied to this: When everybody is screaming it is going down, they probably already sold and are anticipating on a correction. However, when everybody already sold, you get a lack of sellers and thus price will resist to go down. Opposite is for when everybody is bullish.
My observation from the thread and the price is that everyone (me included) seems to want it to go down, if only a little. Yet it is unwilling to go down. The shorting/longing on Poloniex does not seem to have affected the situation at all.
Yes, instead of buying directly Moneros with BTC the BTC has been lent via Margin trading for others to buy XMR.
Hardly nobody wants to short it.
Therefore if a big buyer enters, it will not most likely trigger a wave of short coveries but I am afraid a dumpster will trigger a tornado of long squeeze.
That is my analysis on the current situation and can be wrong.
Patience is the King and it usually is rewarded handsomely when it comes to Monero.
Still over 10 kXMR is mined daily vs. 3.6 kBTC is daily mined.
On the other hand, the price of btc has declined which offsets perhaps the situation a little bit especially if a typical Monero buyer is a fiat-denominated hand.
I agree with you that emission still has a negative effect on the price (short term). However I think that the emission is important to be fair to everyone and not just enrich the early adopters. I like the XMR emission schedule. In time as emission decreases the supply/demand will tilt more towards the demand side. I think the recent drop to under 10 xmr per block is significant.
Trading volume remains several times higher than emission every day right now. Going forward emission will become smaller and smaller percentage of average trading volume. Short term, price may stagnate or drop some. At some point I expect a huge increase in XMR price and it may be sudden. It could follow the entry of a few new larger buyers into the market or some event (XMR intergration into Open Bazaar etc). I prefer to buy/hold instead of trade because the timing of such events can be hard to predict accurately.
Regarding buyers..... I still think most of them use BTC denominated funds instead of fiat. Most people new to crypto buy BTC first before considering any alternatives. At some point hopefully this will change. Monero Club, etc and a more privacy focused world will help change this.
My observation from the thread and the price is that everyone (me included) seems to want it to go down, if only a little. Yet it is unwilling to go down. The shorting/longing on Poloniex does not seem to have affected the situation at all.
Yes, instead of buying directly Moneros with BTC the BTC has been lent via Margin trading for others to buy XMR.
Hardly nobody wants to short it.
Therefore if a big buyer enters, it will not most likely trigger a wave of short coveries but I am afraid a dumpster will trigger a tornado of long squeeze.
That is my analysis on the current situation and can be wrong.
Patience is the King and it usually is rewarded handsomely when it comes to Monero.
Still over 10 kXMR is mined daily vs. 3.6 kBTC is daily mined.
On the other hand, the price of btc has declined which offsets perhaps the situation a little bit especially if a typical Monero buyer is a fiat-denominated hand.
My observation from the thread and the price is that everyone (me included) seems to want it to go down, if only a little. Yet it is unwilling to go down. The shorting/longing on Poloniex does not seem to have affected the situation at all.
...
It's just our objective opinion. It's not a personal insult to you or the Monero community. There are Bulls and there are Bears. That's fine. What makes no sense, however, are the perms-Bulls. There seem to be a lot of those around here.
It's just our objective opinion. It's not a personal insult to you or the Monero community. There are Bulls and there are Bears. That's fine. What makes no sense, however, are the perms-Bulls. There seem to be a lot of those around here.
By perms-Bulls do you mean those who were buying at 0.00110 from those who were selling at 0.00110 hoping to buy back at 0.0080? It is true that in the short term the perms-Bulls were wrong in that the bottom was 0.00091. It really all depends on the trader's time frame.
A permanent-Bull is someone who is always bullish on the market regardless of the underlying condition. It has nothing to do with what someone's entry or exit price was, though I suppose price could cause the mentality.
It has also a lot to do with the time frame of the trader / investor. Someone who is looking at a 2 year or longer hold with Monero will appear to be a perma-Bull to a day trader trading Monero on margin.
Now I feel like having some toast!
My activities in the Bitcoin space are a complicated front. I'm actually here promoting for the International Grains Council.
NB. I'm also a permanent member of the Wheat Advisory Committee in three seperate states.
This thread is going downhill. Although it would be interesting to track margin lending rates on Poloniex to estimate how under or overleveraged the market is.
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