Author

Topic: [XMR] Monero Speculation - page 2018. (Read 3313076 times)

legendary
Activity: 2968
Merit: 1198
March 15, 2015, 03:59:13 AM
I don't see monero being needed in day-to-day services. I really couldn't care less if that Aero bar I bought was anonymous or not.

The issue isn't so much the Aero bar purchase itself as much that with a transparent blockchain even making that simple purchase can be linked to your other transactions and financial business. Plus there are certainly everyday purchases (maybe something a little more private than chocolate) that people don't necessarily want broadcast to the world.

Ultimately though we aren't telling people what to do with Monero, so the market will figure out what uses make sense if any.

hero member
Activity: 504
Merit: 500
eidoo wallet
March 15, 2015, 03:05:56 AM
I don't see monero being needed in day-to-day services. I really couldn't care less if that Aero bar I bought was anonymous or not. I think monero's niche is in *cough* blackmarket *cough* (quite unfortunately), but also in some large items that might garner public/friends, relatives and neighbour's interest. For example, buying/selling a house. It is also likely to be used as a store of value, since it is convenient in that it hides your net worth. I think this is where monero is stronger than bitcoin.

Perhaps in the future, when/if monero's market cap is significantly higher and more liquid, it could be an easy way for lottery winners to hide their assets, at least the ones who are/want to be anonymous. Lottery winners probably don't have the prowess, knowledge or network to effectively hide their winnings, and monero might offer a surprisingly easy way to do so. We've all heard of stories where lottery winners receive thousands of letters begging them for money, distant relatives who's great-great-great-great parents were cousins and "friends" they've met once at a coffee shop all come out to pester them with business opportunities and so on. They certainly have an incentive to use monero.

So what I'm trying to say is, I'm not even sure monero needs services, at least not the same services that are trying to make bitcoin mainstream, because I don't think monero's place is to function as a currency but as a store of value.

It's the opposite when you look at things carefully. Bitcoin isn't a "currency", it truly is more commodity like than currency like. That's because bitcoiners tend to hoard their coins, which decreases liquidity, as well as coins being lost over the years, also decreasing liquidity. This is one of the reasons why Bitcoin's price is so volatile, and why it's hard(ish) to get average people to use Bitcoin to buy/sell things instead of for speculative investments/gambling. Couple bitcoin's lack of (future?) liquidity with relatively weak fungibility and you have a store of value(Like gold), not a everyday currency.

In that sense, Monero is much more like a currency, while Bitcoin is more like a store of value.
sr. member
Activity: 322
Merit: 250
March 15, 2015, 02:51:17 AM
I don't see monero being needed in day-to-day services. I really couldn't care less if that Aero bar I bought was anonymous or not. I think monero's niche is in *cough* blackmarket *cough* (quite unfortunately), but also in some large items that might garner public/friends, relatives and neighbour's interest. For example, buying/selling a house. It is also likely to be used as a store of value, since it is convenient in that it hides your net worth. I think this is where monero is stronger than bitcoin.

Perhaps in the future, when/if monero's market cap is significantly higher and more liquid, it could be an easy way for lottery winners to hide their assets, at least the ones who are/want to be anonymous. Lottery winners probably don't have the prowess, knowledge or network to effectively hide their winnings, and monero might offer a surprisingly easy way to do so. We've all heard of stories where lottery winners receive thousands of letters begging them for money, distant relatives who's great-great-great-great parents were cousins and "friends" they've met once at a coffee shop all come out to pester them with business opportunities and so on. They certainly have an incentive to use monero.

So what I'm trying to say is, I'm not even sure monero needs services, at least not the same services that are trying to make bitcoin mainstream, because I don't think monero's place is to function as a currency but as a store of value.
legendary
Activity: 1092
Merit: 1000
March 15, 2015, 02:28:45 AM
The good thing is that the more the community members get coins, the more there is incentive to drive the price to the moon.
Monero is soon mined 40 % (assuming 18.4 million will be the max number of coins) so I guess now it starts to be time to kick-ass with power.

New investors are needed especially to eat the coins and helping us to drive the price even higher.  Grin

After the price is driven high, it is time to create more services for Monero (already now can some services be developed, but the higher the price goes to more urgent it will become due to increased demand). Services that accept Moneros also prevents large dumps at least in some extend (why to dump to exchanges when you can dump your coins to the merchants who do not hopefully dump them straight ahead to the exchange on our behalf). We need to create stuff Risto can spend his Moneros on as he told somewhere that his plan is to spend Moneros whenever he needs to do so.  Grin Perhaps a castle renovation service accepting Moneros should be organized.  Grin
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
March 15, 2015, 01:56:22 AM
strong move, happy sunday Wink
will we take down 300 today? where do you see resistance short to mid term? sells did not recover, preassure just too strong, i nearly forgot i had a small wall at 28 Grin
beautifull wedge pointed out from articmine. sometimes it looks so perfect to me...the double bottom, the hammers, the wedges. am i the only one?
its not predictable i know the market is so small. but people can draw the charts, also as a collective mind. like self fulfilling prophecies.
i do not know if you have experienced it, but it sometimes happens at live sport events(you can not feel it in tv). if all the 30k people inside a stadion can see the goal happen in front of their 3rd eye, chances are high it will happen. like a very strong mass pschology thing.
if everyone imagines it all the time, the universe will respond and adapt Grin

True, but people that are unable to see those things think those that can are nuts. Smiley

There's a strong possibility that in the medium term, XMR will go to .008 to .01, achieve an 18 million dollar market cap or greater, become the center of attention in the cryptoworld, and basically kill DRK.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
March 15, 2015, 01:36:16 AM
strong move, happy sunday Wink
will we take down 300 today? where do you see resistance short to mid term? sells did not recover, preassure just too strong, i nearly forgot i had a small wall at 28 Grin
beautifull wedge pointed out from articmine. sometimes it looks so perfect to me...the double bottom, the hammers, the wedges. am i the only one?
its not predictable i know the market is so small. but people can draw the charts, also as a collective mind. like self fulfilling prophecies.
i do not know if you have experienced it, but it sometimes happens at live sport events(you can not feel it in tv). if all the 30k people inside a stadion can see the goal happen in front of their 3rd eye, chances are high it will happen. like a very strong mass pschology thing.
if everyone imagines it all the time, the universe will respond and adapt Grin

True, but people that are unable to see those things think those that can are nuts. Smiley
legendary
Activity: 1428
Merit: 1001
getmonero.org
March 14, 2015, 11:48:41 PM
Someone is serious about buying today Smiley
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
March 14, 2015, 09:11:27 PM
As I posted yesterday I think the profit takers from .001 will be hitting about now. I agree we cannot assume he has even moved them to an exchange. Good luck for him it's untraceable.

I understand that you did not mean 0.00100 but still... the others should do the numbers and realize that there was no such group who could buy at 0.001 except a lucky XMR. (I also bought below 0.001, perhaps about 0.2% of my stash)

The average for 140 days is 0.00146 which did offer an ample opportunity for accumulation at 150, 140, even 130, but people who actually were on the buy side and consider selling any meaningful amount now, are precious few.

The game is steadfastly between new entrants and miners. Speculation enters when we get nearer to the trading range (300-400, or $2-$3)

I was happy when I got @.0015 even when it still went down. Smiley
donator
Activity: 1722
Merit: 1036
March 14, 2015, 07:34:25 PM
As I posted yesterday I think the profit takers from .001 will be hitting about now. I agree we cannot assume he has even moved them to an exchange. Good luck for him it's untraceable.

I understand that you did not mean 0.00100 but still... the others should do the numbers and realize that there was no such group who could buy at 0.001 except a lucky XMR. (I also bought below 0.001, perhaps about 0.2% of my stash)

The average for 140 days is 0.00146 which did offer an ample opportunity for accumulation at 150, 140, even 130, but people who actually were on the buy side and consider selling any meaningful amount now, are precious few.

The game is steadfastly between new entrants and miners. Speculation enters when we get nearer to the trading range (300-400, or $2-$3)
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
March 14, 2015, 04:42:20 PM

Thanks, after I disabled Flash it seems to be a LOT smoother!


Nice! My xmr address is in my sig. Smiley


Is the consensus really that the selling of the last couple of days was this scammer? We had a 200% increase in 2 weeks, a correction was overdue. I'm not sure if it's reasonable to assume the stolen units are absorbed yet...

As I posted yesterday I think the profit takers from .001 will be hitting about now. I agree we cannot assume he has even moved them to an exchange. Good luck for him it's untraceable.


When it comes to XMR, someone seems to put on the buying bot.

or someone won at the cassino Tongue

Unfortunately not I got owned. All in on the nut flush draw. Got called down by lowest under pair (5's)! Guy had just sat down and called every hand till he was broke. He basically funneled most of my chips to the rest of the table. DOH Smiley I called it quits at 6am this morning. Maybe I'll try again tomorrow. Wink
legendary
Activity: 1092
Merit: 1000
March 14, 2015, 04:24:10 PM
Short term pennant looks bullish to me.

Not to mention longer term.
Despite the new ATH hasn't been reached, it looks still a little bullish since some previous highs was broken last week.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
March 14, 2015, 04:12:23 PM
Short term pennant looks bullish to me.
legendary
Activity: 1092
Merit: 1000
March 14, 2015, 03:23:15 PM
For instance, there could be Monero denominated IPO and with that money the created corporation buys different (fiat denominated) assets that are safe and brings cashflow (such as real estates with premium-cashflow) and then pays dividends in Moneros for instance monthly/quarterly.

There are already two:

  • CKG (crypto-kingdom gold) - rpietila explained. And you don't need to play. You can 1) just deposit and wait 2) hire a wealth manager which will (hopefully) optimise your profits for a fee
  • Cryptocoins-dice.com (investing, not gambling). The admin is legit, I have his phone number and I'll get his ID, we talked a lot and will physically meet (as well as a lot of other Bitcoiners to testify) on the 30th of March. Estimated APR (based on statistics for just-dice): 50% Sure, as long as multisig is not implemented in Monero, there are risks. Not that other assets like GAWminers are better.

Might be that some people are interested in his ID/phone number quite soon.. Not sure though.  Roll Eyes
That's the main problem really as there is no regulation. You can just steal the money and vanish.  Embarrassed

When it comes to XMR, someone seems to put on the buying bot.
sr. member
Activity: 249
Merit: 250
March 14, 2015, 02:20:09 PM
Adoption is the name of the game and getting as many people using it in the real world will bring stability and an increase in price
full member
Activity: 196
Merit: 100
March 14, 2015, 01:55:41 PM
If you trade in short term, there is surely some money to be made
https://www.coingecko.com/en/price_charts/monero/btc
full member
Activity: 231
Merit: 100
March 14, 2015, 11:48:58 AM
Is the consensus really that the selling of the last couple of days was this scammer? We had a 200% increase in 2 weeks, a correction was overdue. I'm not sure if it's reasonable to assume the stolen units are absorbed yet...

No.. But it is a speculation thread.
sr. member
Activity: 283
Merit: 250
March 14, 2015, 11:44:43 AM
Is the consensus really that the selling of the last couple of days was this scammer? We had a 200% increase in 2 weeks, a correction was overdue. I'm not sure if it's reasonable to assume the stolen units are absorbed yet...
legendary
Activity: 1624
Merit: 1008
March 14, 2015, 11:18:19 AM
so any solution to avoid those things.
what i mean. i have in poloniex some altcoins... ok?
i have them because i want to trade. if they get hacked or anything else i loose....right?
how can we avoid those things?Huh

Poloniex did get hacked once and they made everybody whole.  They of course have improved security and have proven their integrity.

Obviously there is still a risk but it is a far cry from what has just happened with the dice site. 


Most of my XMR is in my wallets but somehow the amount of XMR I have on Poloniex keeps increasing Tongue

legendary
Activity: 1428
Merit: 1001
getmonero.org
March 14, 2015, 11:02:59 AM
so any solution to avoid those things.
what i mean. i have in poloniex some altcoins... ok?
i have them because i want to trade. if they get hacked or anything else i loose....right?
how can we avoid those things?Huh

When you are using exchanges you trust their operators. That is a risk you have to take into account. You cant go around it till there is a decentralized exchange.
The only solution is to trade otc. Or at least send the coins to exchange, trade, send the coins back to your wallet. Every time and ASAP.

It has happened before, it is happening now, it will happen in the future. When you trust someone there is always the risk of getting scammed.
legendary
Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
March 14, 2015, 10:43:14 AM
so any solution to avoid those things.
what i mean. i have in poloniex some altcoins... ok?
i have them because i want to trade. if they get hacked or anything else i loose....right?
how can we avoid those things?Huh
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