Topic: [XMR] Monero Speculation - page 1884. (Read 3314343 times)

Was just thinking a bit earlier while watching that exchange, I think his mentoring to me inadvertently is making me act the same way with Monero as he did with Bitcoin way back when. And I never did get to mine BTC, but I can proudly say that I was a MRO miner.

Heh, I was just in cypher's thread yesterday explaining how Monero enables defections that Bitcoin cannot.

Shame I've already done it. Someone has some bots going that raped this the last time they did it.

Circle is giving $5/~0.021 BTC for new users, which is about ~11.29 XMR at current prices

https://twitter.com/circlebits/status/604001124258037761

You have to give some basic info, verify your e-mail and phone for 2fa, takes about 5-10 minutes.

And yet some still doubt that the unregulated, non-transparent Chinese exchanges with high leverage ratios and pathetic GPG skills are crooked as all fuck. People just want to believe.

If all that was being done were threads on bitcointalk then you would be right and we are doomed. But that is not all that's being done. Monero has been on Let's Talk Bitcoin, David has done some live talks, there were a series of meetups all over Europe this month, etc. We're also on reddit, twitter, and we have our own forum. (Though the last is the absolute worst way to reach any new people, almost by definition.) Finally, many of us discuss Monero with our personal contacts who are totally outside of the existing cryptocurrency universe.

If you have other ideas how to reach more people and help the project in terms of greater awareness, please speak up, or better yet, go do them.

The day someone as perpetually bearish as you buys in, do let me know, ill double down on that day.

Even criminals and KGB agents.

Price is definetely going to down.
I wouldn't be surprised even if we reach new lows at the end of the trend and stay at those lows for a while.
I am not interested in buying Monero at this point of time since it is too expensive and it has no interesting risk/reward ratio right now.
I am not sure if it will be interesting at 0.001 but at least it is less rebarbative than the current 0.0018-0.002 level.

Libertarians, communist, and transhumanist, Oh My!

Personally I'm a Deluezean capitalist, pre-AI singularity poet, and lover of fine women--you can add them to the list if you want. But back on topic: the price seems to slide when the buys drop below 300btc and the sell above 200k. I'm amazed how much gets eaten by the market without the day to day going wild.

Even Nazis. 

I'd only try that strategy if I owned the exchange and could see the stops exactly.

Monero attracts all kinds of people around it. We even had a self-confessed bankster agent joining our nightlife in Berlin! Think about that for a moment

WRONG!  I don't ski.

hey wait a minute, I never said nobody should not sell or hodl or buy moneroj, I have been cherishing dumps this entire time, what jehst said above is completely true, no one is interested in pumping Monero when you can accumulate just putting buy walls, I dont care that people think I'm a fanatic or not, its quite amusing that in their eyes we are somehow desperate random nobodies excited about this incredible new crypto (that so far nothing can beat) and are blind about its slim chances of actual success. I hold the reason of my intentions to myself but I can assure you its not getting rich on this.

legit_chocolateface = stslimited

Is it true?

I think mainly its for this purpose:

https://www.youtube.com/watch?v=qvaaGhfjrgs

The underdog has to constantly fight.

But I get your disdain over the "if someone posts exuberant 'we're going to the moon', its celebrated. If someone posts 'this is a pile of poop', its considered trolling". But there's a thread for that, apparently: https://bitcointalksearch.org/topic/xmr-the-monero-bear-thread-1067853

Have a field day.

I speculate the reason this thread gets bumped and there are perceived few voices that are doing it is due to the nature of the monero community. Some, like me, can't really contribute to code development - we're just so damn excited about Monero, and we're excited to find others that are excited about it. And so, yes, we like to communicate our excitement either because we've had so much caffeine or we're holding a little bag or we're dreaming of a day when our finances are as private as we want them to be and there are financial systems that are controlled by the people as opposed to some people.

Furthermore, the voluntary nature of the entire Monero project benefits from a feedback loop of support. And for better or worse, the market valuation of a thing could affect an individuals drive to make that thing better. I know - in my work, it sucks to be on a project that no one thinks is worth a damn - your own self motivation can only go so far sometimes - and sometimes in nice to have that little kick-in-the-butt from the external world - and here, that external kick-in-the-butt has a blatant manifestation in a market valuation. For some others (and good on them), this means nothing. True to point, you rarely see fluffypony in here. In fact, he has publicly stated somewhere that you should only buy monero if you plan on using it to make a transaction.

Additionally, the external-kick-in-the-butt comes from confirmation by others interest. Here and there I have witness new people coming into #monero-dev... they didn't find their way to monero dev because the threads on bitcointalk were quiet.

Finally, the voluntary nature of Monero means that we all have other obligations. Sometimes you don't have the time to create something of meaty substance, but you still want to say "hey look, stuffs happening. neat huh? what do you think?"

So, that is my speculation on the phenomenon, and I'm sorry that it annoys you. You have it in your power to ignore all of us and the thread will never appear bumped.

Great post, bit of an addition to this post. Margin trading was introduced on the 18th of May at 19:00 UTC and price was around 0.0025 at that moment, so we can reasonably conclude that the highest price one got to short was around 0.0025. Taking that into account, at worst all current short positions get a forced liquidation at 0.003 (Poloniex allows 1:2,5 margin, but uses maintenance margin, so a 20% move in the opposite direction will wipe out your short/long (more information can be obtained from -> https://poloniex.com/support/aboutMarginTrading)). Probably a lot of shorts were taken out lower than this, so they will get liquidated earlier. It would be nice if Poloniex introduced some swap data just like bfxdata.com, in that case we could see the amount of shorts and longs currently open.

@legit_chocolateface: The kind of posts you exhibited here in your post make me cringe a bit as well, but these posts are merely coming from a few people (since this is there personal character, there isn't much we can do about it). Most posters tend to stay rational though.  

Agreed on your points re: altcoins exhibiting self-advertising. The community isn't actually all that well populated though..it's largely the same few voices..sometimes making several low value posts  in quick succession that keeps this thread bumped.

My real issue is disingenuity..snake oil salesmen parroting potentialities as de facto prophecies guaranteed to unwind as they state ... cognitive biases running amok here that allows such statements to go unchallenged because it jives with the status quo hivemind here.. the thought process seems to be "we are amongst friends here and we all made the right decision by investing". "We can all see something nobody else can see and we will harvest plentifully as a result." "It is a fact we will become rich The rest stating negative words against  monero are trolls and or haters and or competing coin investors and or government employees keeping our coin down" via some mechanism

I mean look at this shit..

 

Are you kidding me? He knows none of that, yet he's talking as if he's been to the future and back. That is a worthless post just like mine which was labelled a troll. Mine was labelled a troll because it's negative. His wasn't because is a motivational speech, that is a sales pitch. rallying the troops.   All I want is genuine worthwhile content here without lewd fantasies of surpassing the rothschildes wealth. There have been way too many unrealistic euphoric posts here in the past months that go unchecked. That's not symptomatic of a strong community

It's certainly not trollmode that one of the currencies underpinning selling points (anonymity) is in the here and now fairly fragmented for new entrants due to the limited markets for purchasing XMR. The main access point requires sacrificing proof of identity to a central authority. There are absolutely other avenues one could accumulate however for many less technical people that really does defeat the point.

Unless you work for poloniex or one of the agencies receiving it's collected data on it's clients you can't prove americanpegasus has more or less than 20k

No coin in the cryptospace is removed from a self-advertising mechanic - it's fundamental. The difference with Monero is that the community is well populated, so inevitably is the most discussed. In general, Monero is honest, strong, and intelligently conceived - such components will inevitably secure a clever and stable support base.


Okay this is you talking in troll-mode, so in the main, I shall ignore it. That said, there is good reason for Monero to always be on the defensive: 14 months of attacks from lesser coins trying to steal its crown and network. And of course, sock puppet newbie accounts that pop up perpetually speaking in troll-mode.


This is the Monero Speculation thread. In order to stay on topic you generally should display some modicum of an opinion as to what the price will do. There's basically three choices: up, down, stay the same. Here's my speculation: I think it will go up.


Mainly troll-mode, so again, mainly ignoring. The only thing important to rebuke here is the issue of large holders concentrating wealth. At no point was there ever a premine, or instamine, or any other developer-orientated private/secret/nefarious attempt at wealth accumulation bias. Everyone has had, and indeed does have just as much opportunity to accumulate Monero as anyone else. AmericanPegasus - a relative newcomer who you earlier cited - owns less than 20k which was purchased on Poloniex a few weeks ago. You can't have it both ways: either there is a back-room conspiracy or there is the cacophony and noise of dealings laid out under the spotlight of the public arena. Which would you prefer?


Democracy and Darwinism.