Topic: [XMR] Monero Speculation - page 2073. (Read 3314316 times)

The most important driver is sentiment. 17k coins is nothing if things start to move.
What's more - look at Bitcoin, if it makes new lows many people will buy a lot more coins and have ammo for xmr.
I never thought I would buy Bitcoin again with fresh fiat but seeing coins cheaply @$160 made me change my mind quickly. I'll be lining up for around @$120 again.

Based on your simple analysis I am pretty sure you you'll be left with your pants down (=not enough xmr) if it takes off.

Not everybody. I just hit a significant milestone in my personal XMR amount, and I consider that my savings. Now I can buy Monero and have fun with it, by spending it at #tippero blackjack games, living a luxurious lifestyle in CryptoKingdom, investing at Cryptocoins-Dice. A currency should be fun to use, and now you can use it and live without fear of being tracked down like Ross Ulbricht.

Imagine the next few months, the database comes to life, GUI, OpenBazaar and the Monero economy will be fruitful. Monero is a currency I personally like to use, not just to speculate on. Bitcoin is dirty, leaking personal info everytime you use it.

^^^ yeop thats me.

The trend was definitively broken around December 23. Now there is arguably a new slower downtrend of lower highs, but it is hard to make that case based on only two data points, and since December 23 we have also seen a higher low, so no clear indicator here at all.


Somewhat agree. Some members still talk about continuing to average down so that does support the price.

Also, I'm definitely seeing a growing second generation of Monero community members who weren't around for any of the early history and only now want to learn about the coin. That is a very healthy sign.

You are now talking about the future which is long long time from now.
Most members in Monero community (me included) have reached their limits of the amounts of Moneros they want to hold.
There is very little interest from the whales to buy Moneros these days.
The odds are that Monero will go down from the current price.
The trendline since summer 2014 (June 21st) looks simply terrible.
All the way down with lower high points and the coin has lost most of its value both against bitcoin and against usd.

Still, ~17000 daily emission * 0.30 USD per XMR = only $5,100

I guess the price is fair, all you can do with it right now is gamble. Can't wait until the future comes and I can order pizza & drugs online, pay with Monero and have it delivered to my doorstep by drone.

If the price goes up from here, I will dump some coins.

I recommend calming down.
The emission is still pretty high (around 17 k per day).
The big price increase will take place most likely after 6-12 months from now so we have plenty of time to buy coins until that.

EMA's crossed on the 1d chart

I started at .002 too.

To get there you have to believe that side chains make sense in the first place. The pure side chain seems to rely on merged mining and/or transaction fees as incentive, and there are lot of problems with both.

The model of side chains that makes the most sense to me is a chain that can function as a side chain for btc but also has its own coin to reward mining, not the idea that btc will be the only coin and mining will by rewarded by hopium to borrow a word used on the thread a few posts back. Once you accept this you have to reject the "there can be only one" idea though, which is a lot of what motivate the side chains concept. So I'm not sure the whole thing fits together at all.

If these asset platforms turn out to make sense then one can be added to Monero the way counterparty, mastercoin, or colored coins work on bitcoin. I'm skeptical of all of them, but ultimately Monero has no disadvantage here.

Yeah charts are looking better and buy pressure is building. Lets remember though that inflation is still very high. Just one days mining dumped on the market takes it back below 12.

Just increased my XMR position a little 

Is it me (high on hopium), or at the charts looking pretty darn nice right now. I could see a little upswing into the 17 maybe 18's even in the short term.

I'd really like to see some cryptocurrency-based fiat peg be accepted. Whether that will end up being BitUSD, NuBits, or something on a sidechain, I don't know, but it should be interesting to watch.

Outside of speculation, the biggest potential use case is offshore/private wealth storage (like a Cayman Islands bank account, but better)

But really, the question is "Where won't monero by adopted?" There are not a ton of situations where you don't want privacy. Fundraising and charity may be areas where an open-by-default ledger such as bitcoin is preferred, but for every other situation, there's monero. (note: Monero transactions are private by default, but can also be revealed voluntarily by the parties). That includes ordinary transactions with a food delivery guy where you don't want him (or your wife) to know how much money is in your wallet. It also includes cross-border movements of millions of dollars worth of funds by corporations who need to avoid corporate espionage. Think about a large mining corporation sending money to Mongolia for the purpose of  resource exploration and land acquisition after the discovery of new prospects. To what lengths would they go to keep those transactions private? To what extent would you trust the secrecy of bank employees in China and Mongolia when you start wiring over money to high-corruption regions? I could sit here and think of a 1000 examples where privacy is highly desirable without ever even mentioning black markets.

Simply put, privacy is worth trillions.

where do you guys see Monero being adopted in the future? what is your vision for this coin?

Are release dates when each coin started from the starting line? If so, that's bad news for Shadow Cash

I guess XMR is no more technologically as bad as it was some months ago, and the web wallet works nicely.
Currently the only thing that stops the price rise is the relationship between buy-interest and supply of coins <8the supply comes from two sources: the new emission and the second one is some selling from the existing holders - this can be seen from the fact that it is very rare to see days the trading volume is even 30 % more than day's emission. Usually the trading volume in Polo is roughly twice the emission and into this number we need to add something from other exchanges.

ArticMine: I dont know.

To give a sport analogy, to me this competion to become the leading privacy coin is like a 10000-metres race with 10 starters.
E.g. one is Monero, one new TBD serious CrytoNote coin, one is ShadowCash, one is DarkCoin, one is AnonCoin, one is ZeroCash, one is a theoretical CN inspired Bitcoin side chain, one is ........

10000 metres because it is a very long race.

It's not a fast 6 rounds box fight: Monero vs. Darkcoin.

The real question in my mind in the Monero vs Darkcoin debate is:

Are Darkcoin masternodes Money Transmitters under FinCEN regulations? This is significant given that a significant number of Darkcoin masternodes are under US jurisdiction.

This is far from clear from reading the FinCEN rulings http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R001.pdf and http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R012.pdf. The situation for Monero is on the other hand clear given the existing rulings involving Bitcoin above, since there is no masternode equivalent in Monero that a regulator can regulate.