[XMR] Monero Speculation - page 2043.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: TrueCryptonaire on March 04, 2015, 12:08:06 PM

Quote from: jehst on March 04, 2015, 11:28:11 AM

Open Question: What is the most exciting thing that might realistically happen to Monero this year?

Being picked by Ryan the Pumper. Grin

This could give us 700+% profits in short time. Lol.

Seriously, someone big guy wanting to corner the coin. Once the price goes up, also development will find funding quite easily.

Hope it doesn't but if this happens give us a heads up before their dump.

Joshuar

hero member

Activity: 504

Merit: 500

eidoo wallet

Quote from: ?? on ??

Quote from: Joshuar on March 04, 2015, 11:51:28 AM

Monero already has all 5 out of the 6 characteristics of money. What's remaining is acceptance. Acceptability would be gained through things like; making monero easier to use(GUI for ex), building infrastructure, marketing, and the like.

Thats right, Andreas talks about that a lot in this video, Monero already filled the privacy niche, there is no doubt about that.

Quote from: Joshuar on March 04, 2015, 11:51:28 AM

In fact, Monero may be the only decently, fairly launched cryptocurrency that has all those 5 characteristics of money checked.

It is, XRP is the only "coin" so far that had a shot at getting near BTC in marketcap, thats because its centralized and 100% "premined", you see almost all coin in top 20 are the same, Monero is a rare exception, thats why I'm not concerned about the size of marketcap right now, its actually the symptoms of a fairly launched and mined currency, it would be very easy for Monero spike into top 5 if the emission was changed and you required 1000 XMR out of the market to create specific nodes for "anonymity".

Quote from: Joshuar on March 04, 2015, 11:51:28 AM

3 Divisibility <-----Moneroj is divisible to 812 decimal places

Ring Signature anonymity surpasses masternode based anonymity. Masternodes are just another attack vector. And, it also decreases liquidity dramatically(which contrary to what pump and dump daytraders say on this forum), is not a good thing at all. It means the coin is less likely to be used by a large amount of people as an actual currency, not just speculative investments.

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: rpietila on March 04, 2015, 07:23:48 AM

On top of everything else, the coin is oversold.

That very much depends on what time frame your looking at and also what indicator you are looking at.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: jehst on March 04, 2015, 11:28:11 AM

Open Question: What is the most exciting thing that might realistically happen to Monero this year?

Being picked by Ryan the Pumper. Grin

This could give us 700+% profits in short time. Lol.

Seriously, someone big guy wanting to corner the coin. Once the price goes up, also development will find funding quite easily.

Joshuar

hero member

Activity: 504

Merit: 500

eidoo wallet

First thing one would have to do is find out the characteristics of money:

1.Durability
2 Portability
3 Divisibility
4 Fungibility
5 Scarcity
6 Acceptability

Then we check off all that Monero automatically accomplishes(green) and does not(red):

1.Durability <----Moneroj are secured by it's decentralized network
2 Portability <----Moneroj can be transported anywhere on earth(Both physically through a paper wallet and online/virtually)
3 Divisibility <-----Moneroj is divisible to 8 decimal places
4 Fungibility <-----Monero's anonymity and "private" or obscured blockchain ledger ensures that every coin is as same as the other
5 Scarcity <----- There will be 18million Moneroj in existence
6 Acceptability

Monero already has all 5 out of the 6 characteristics of money. What's remaining is acceptance. Acceptability would be gained through things like; making monero easier to use(GUI for ex), building infrastructure, marketing, and the like.

Ultros

sr. member

Activity: 471

Merit: 250

Quote from: jehst on March 04, 2015, 11:28:11 AM

Open Question: What is the most exciting thing that might realistically happen to Monero this year?

Replacing btc for purchasing assets anonymously on TOR.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: jehst on March 04, 2015, 11:28:11 AM

Open Question: What is the most exciting thing that might realistically happen to Monero this year?

THE most exciting thing, as in singular?

i2p integration.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: jehst on March 04, 2015, 11:28:11 AM

Open Question: What is the most exciting thing that might realistically happen to Monero this year?

When Bitcoin had the same market cap as Monero has now, it was perceived as a new, interesting technology by some, and the price rose by more than 100x in less than a year.

More is surely possible (see Quark or AUR for examples of dud coins that still managed nice rises).

Crypto Kingdom might go viral. Most interested players have invested $1,000 or more in their first month of play. All the currency is held up in XMR in the game cold accounts, unavailable for the market.

Something unforeseen could happen as well.

Joshuar

hero member

Activity: 504

Merit: 500

eidoo wallet

Quote from: jehst on March 04, 2015, 11:28:11 AM

Open Question: What is the most exciting thing that might realistically happen to Monero this year?

GUI
Acceptance at markets
Acceptance at the "biggest" exchanges(Okcoin for ex)
Marketing(Why Monero is synonymous with e-cash(fungibility etc)
and more

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Open Question: What is the most exciting thing that might realistically happen to Monero this year?

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: saddambitcoin on March 04, 2015, 10:22:15 AM

I woke up in America and turned on my buying bot. The 10 BTC at 0014 will have to wait Wink

Wish I didn't.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: saddambitcoin on March 04, 2015, 10:22:15 AM

I woke up in America and turned on my buying bot. The 10 BTC at 0014 will have to wait Wink

Nice bot, buying 10k/day or... Cheesy

saddambitcoin

legendary

Activity: 1610

Merit: 1004

I woke up in America and turned on my buying bot. The 10 BTC at 0014 will have to wait Wink

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: thelibertycap on March 04, 2015, 07:16:02 AM

Quote from: opennux on March 04, 2015, 06:55:28 AM

Quote from: TrueCryptonaire on March 04, 2015, 06:38:36 AM

Is the wall at 14 a fake or real one? Roll Eyes

Isn't it more a fence than a wall?

It can stop a grasshopper is for sure

Since prediction is fun (this one is IMO the most likely scenario, but the combined probability of every other scenario is much higher, so whatever happens, I both win and profit), my take is that once America wakes up, the formation at 140k will be sold into, but no much further dumping will occur, so the capitulation of the retracement is found at 136-138 area just as predicted yesterday.

The sellers seem to have stuck on the idea that they want 160k and not much less. The volume is waning.

On top of everything else, the coin is oversold.

thelibertycap

full member

Activity: 211

Merit: 100

Quote from: opennux on March 04, 2015, 06:55:28 AM

Quote from: TrueCryptonaire on March 04, 2015, 06:38:36 AM

Is the wall at 14 a fake or real one? Roll Eyes

Isn't it more a fence than a wall?

It can stop a grasshopper is for sure

opennux

full member

Activity: 231

Merit: 100

Quote from: TrueCryptonaire on March 04, 2015, 06:38:36 AM

Is the wall at 14 a fake or real one? Roll Eyes

Isn't it more a fence than a wall?

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Is the wall at 14 a fake or real one? Roll Eyes

rpietila

donator

Activity: 1722

Merit: 1036

It's currently bottomed at 145k.

It is exactly the 1st Fib (38.2% retracement) from the move from 98k to 175k (double-bottom low to recent high).

Also it's exactly 50% from 115k to 175k (announcement low to recent high).

There is actually a rather good chance that we go higher from here. I would however like to see a further retracement to 136-138k, which marks the 50% from the (double-bottom low to recent high) and 61.2% to (announcement low to recent high), which would mean that more weak hands are shaken off.

Breaking 136k for any longer than a flashcrash would question the uptrend and mean a possible further test of 100k. (Not that it would matter, I have been buying at 100k before and feel good Grin

)

145k has a double-bottom in 24h intervals.

136k seems to be pretty well shielded currently by 45,000 XMR in bids, with 24h-volume at only 59,000 currently.

On the other hand, asks have increased and are standing at a formidable 51,000 XMR until 165k.

onemorexmr

sr. member

Activity: 252

Merit: 251