[XMR] Monero Speculation - page 2004.

vokain

legendary

Activity: 1834

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Quote from: mmortal03 on March 21, 2015, 01:10:34 PM

The XMR-TetherUSD had a very small amount of volume today on Poloniex. There Buy-Ask spread is still quite large, though: https://www.poloniex.com/exchange#usdt_xmr

As far as I know, the only place currently available that has USD-Tethers is on BFX, as a withdraw option (they also have the capability to allow fiat deposits like wires on there). Tether access is still beta-only so it has yet to proliferate too far. So if you want to buy XMR with USD, the closest way past P2P exchanges is to acquire USD-Tethers by depositing USD in BFX

hodlmybtc

hero member

Activity: 700

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You shoulnd't be worried about the DRK rise, it's way overbought at the moment and everyone knows it's mostly one whale pushing up the price with support and attack walls (lol) and every newbie is following buying at the (near) top.

A healthy correction is due but that doesn't mean some people will do anything they can to keep the price up, that absolutely doesn't mean this is smart money Roll Eyes

The only reason I'm kicking myself now is that I didn't buy some under 0.006, only because there is a lot of money to be made from stupid money. I would never buy it because of fundamentals ofcourse.

Stock traders like BTC trading because there is a lot of dumb money involved, then we have DRK, a loooooot of dumb money involved Grin

GingerAle

legendary

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Quote from: TrueCryptonaire on March 21, 2015, 12:07:13 PM

Quote from: iCEBREAKER on March 21, 2015, 11:56:57 AM

Quote from: TrueCryptonaire on March 21, 2015, 10:57:26 AM

What is happening, sir?

XMR/BTC is steady-ish at ~250% over the monthly low. Buy interest is massive-ish at ~350 BTC. Supply is low-ish at ~200k XMR.

The drooling masses (IE redditurds) are beginning to realize the necessity of privacy and fungibility.

Peter Todd is ready to ride the Monero Mustang, and when he tweets people listen.

In the process of an acrimonious rebrand, the largest privacy-oriented coin revealed itself to be a top-down corporatist operation controlled by This One Dude.

The DB is Imminent^TM.
(snip)

Thank you encouragement, mate.
I guess I am depressed when I see what is happening on the other side of the fence. Should focus more on the trend we are having and not to compare coins too much.
After all, when one studies Monero's 1 mo. chart, it looks nice.

I have no idea who is Peter Todd, but at least he has a decent number of followers on Twitter.

IMO, worrying about what DRK is doing is a waste of time. Primarily because the market activity can't be trusted due to the instamine. Go to poloniex, put the chart on 1 month, and set the candles to 1 day. XMRs lowest daily activity in the last month is 45 BTC. DRKs is 2.6. I could go through and grab all those numbers and do an average or find the median, but the point is XMR's market activity (to me) indicates many actors. DRK's activity, on the other hand, indicates few actors.

Besides, and it has been mentioned before, these markets are too easily moved. Next time you buy, instead of putting into a buy wall and trying to get a deal, just eat away at the available sell orders.

mmortal03

legendary

Activity: 1762

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The XMR-TetherUSD had a very small amount of volume today on Poloniex. The Buy-Ask spread is still quite large, though: https://www.poloniex.com/exchange#usdt_xmr

vokain

legendary

Activity: 1834

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https://ca.linkedin.com/in/petertodd

Basically a BTC core dev, or at least, contributor, but he's all over the place consulting various organizations in Cryptoland. He has a beautiful mind.

Quote from: CryptoCrypt.org

http://www.coindesk.com/video-core-developer-peter-todd-bitcoins-future/

Core developer Peter Todd is known for his forthright ideas on how to improve the security and stability of bitcoin, while staying true to the technology's decentralised roots.

An avid twitter user and conference regular, Todd has worked on everything from off-chain transactions and privacy-enhancing stealth addresses to '2.0' projects like Viacoin, Counterparty and coloured coins.

In this video, he discusses his first experiences with bitcoin and precursor Hashcash and I ask how centralisation, regulation and scalability might shape bitcoin's future.

https://www.youtube.com/watch?v=Cn6MUJLJfFc

TrueCryptonaire

legendary

Activity: 1092

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Quote from: iCEBREAKER on March 21, 2015, 11:56:57 AM

Quote from: TrueCryptonaire on March 21, 2015, 10:57:26 AM

What is happening, sir?

XMR/BTC is steady-ish at ~250% over the monthly low. Buy interest is massive-ish at ~350 BTC. Supply is low-ish at ~200k XMR.

The drooling masses (IE redditurds) are beginning to realize the necessity of privacy and fungibility.

Peter Todd is ready to ride the Monero Mustang, and when he tweets people listen.

In the process of an acrimonious rebrand, the largest privacy-oriented coin revealed itself to be a top-down corporatist operation controlled by This One Dude.

The DB is Imminent^TM.

Thank you encouragement, mate.
I guess I am depressed when I see what is happening on the other side of the fence. Should focus more on the trend we are having and not to compare coins too much.
After all, when one studies Monero's 1 mo. chart, it looks nice.

I have no idea who is Peter Todd, but at least he has a decent number of followers on Twitter.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: TrueCryptonaire on March 21, 2015, 10:57:26 AM

What is happening, sir?

XMR/BTC is steady-ish at ~250% over the monthly low. Buy interest is massive-ish at ~350 BTC. Supply is low-ish at ~200k XMR.

The drooling masses (IE redditurds) are beginning to realize the necessity of privacy and fungibility.

Peter Todd is ready to ride the Monero Mustang, and when he tweets people listen.

In the process of an acrimonious rebrand, the largest privacy-oriented coin revealed itself to be a top-down corporatist operation controlled by This One Dude.

The DB is Imminent^TM.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: TrueCryptonaire on March 21, 2015, 10:57:26 AM

Quote from: vokain on March 21, 2015, 09:50:41 AM

What is happening, sir?

this is probably about monero being in the + green on polo again.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Monero has now long way to catch DRK... Usually DRK drops after this type of pump, but it drops over the previous peak (around 0.014 range will be the minimum price in the next dump with DRK if it behaves like it has behaved its history).
Imagine if Monero was still trading around 0.001-0.0011.

Soon XMR/DRK is 10, and it is not good if it stays like this for long term. I would have hoped to see DRK/XMR being 10 much more likely. Cry

TrueCryptonaire

legendary

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Quote from: vokain on March 21, 2015, 09:50:41 AM

What is happening, sir?

Its About Sharing

legendary

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Antifragile

Quote from: EvanMon on March 21, 2015, 09:36:38 AM

I have been seeing Monero get a lot more exposure in /r/Bitcoin lately (2-3 weeks) especially in topics relating to fungibility and privacy. Sometimes the comments are even in the positives and somewhat well received which is extremely rare for any altcoin in /r/Bitcoin. It would be like pointing out the sky is actually blue in /r/theskyisgreen and not getting down voted to hell. Makes you think maybe a few people are pausing the circlejerk and taking a look for themselves at the sky.

Examples
http://www.reddit.com/r/Bitcoin/comments/2zrdxz/withdrawals_halted_as_stolen_evolution_coins_make/

http://www.reddit.com/r/Bitcoin/comments/2zq0tr/theory_we_will_likely_have_two_bitcoins/

The compelling arguements against altcoins there is usually something like "the Bitcoin network effect is too great to overcome" or "side chains will make all altcoins obsolete". You have to consider the possibility that while you are waiting around for the fix to Bitcoin (that may never happen) to build a network around there are currently functional alternatives building a network effect of their own. Who has first mover advantage in this scenario? I have a feeling Monero is getting close to an adoption tipping point as more and more people start hedging their crypto portfolio after fundamental flaws in Bitcoin and other coins start causing real world problems.

I think we are so early in this game that it is really difficult to know where she will end up. It is sort of like saying "AOL has a huge advantage at this time, has the market share (market cap) and no one stands a chance. bla bla bla." I raise questions every so often here, but I am under no illusion that any of us have the answer.

To be in the Crypto game right now, is to be an early adopter. Ok, most of us (statistically) probably got in after or during one of the more recent (2 year) run-ups, but we are still early adopters. But right now, to have access to arguably the best anonymous crypto (and not even based on Bitcoin) at less than 1 USD, is a bit similar to BTC in the early days, as we don't know where this is going. Even having 100 XMR can perhaps amount to something meaningful in 3-5 years, which is when I think we will see this space pop (barring global catastrophe or such.)

The lack of "tokens" in BTC, XMR, etc. shows clearly there is more upside than most of us can imagine. Place your bets...

binaryFate

legendary

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Still wild and free

Quote from: EvanMon on March 21, 2015, 09:36:38 AM

[...]
I have a feeling Monero is getting close to an adoption tipping point as more and more people start hedging their crypto portfolio after fundamental flaws in Bitcoin and other coins start causing real world problems.

Exactly. Some people see upfront the flaws* and the real-world problems to come. (Every person who is in Monero not for pure investment but because of a good enough understanding of the tech and the social impacts is in that category).
Yet most people need the problems to happen to understand/realize/admit that something big is at stake here.

I'm seeing over and over again people dismissing bitcoin's intrinsic fungibility issues*. Today we even got Peter Todd tweeting "Want your bitcoins to be valuable? Then treat them all equally.", which is completely irrational. We can't get good enough fungibility by asking people to kindly do it, seriously...

It's reaching an ATD (all time deep - of heads in sand), until real world kicks the well-exposed asses.

* Bitcoin does not have "issues" or "flaws" per se, the issue lies in bitcoin being less fungible/private than what the average bitcoiner assumed it is.

vokain

legendary

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Merit: 1019

EvanMon

newbie

Activity: 14

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I have been seeing Monero get a lot more exposure in /r/Bitcoin lately (2-3 weeks) especially in topics relating to fungibility and privacy. Sometimes the comments are even in the positives and somewhat well received which is extremely rare for any altcoin in /r/Bitcoin. It would be like pointing out the sky is actually blue in /r/theskyisgreen and not getting down voted to hell. Makes you think maybe a few people are pausing the circlejerk and taking a look for themselves at the sky.

Examples
http://www.reddit.com/r/Bitcoin/comments/2zrdxz/withdrawals_halted_as_stolen_evolution_coins_make/

http://www.reddit.com/r/Bitcoin/comments/2zq0tr/theory_we_will_likely_have_two_bitcoins/

The compelling arguements against altcoins there is usually something like "the Bitcoin network effect is too great to overcome" or "side chains will make all altcoins obsolete". You have to consider the possibility that while you are waiting around for the fix to Bitcoin (that may never happen) to build a network around there are currently functional alternatives building a network effect of their own. Who has first mover advantage in this scenario? I have a feeling Monero is getting close to an adoption tipping point as more and more people start hedging their crypto portfolio after fundamental flaws in Bitcoin and other coins start causing real world problems.

coincreeper

newbie

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