[XMR] Monero Speculation - page 2083.

saddambitcoin

legendary

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Quote from: SmoothCurves on January 07, 2015, 09:26:11 PM

Quote from: saddambitcoin on January 07, 2015, 06:58:11 PM

I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club Cheesy

That's 18k XMR?

18.6k. But it gets harder to attain the more that I donate to XMR projects and I also have a Cryptokingdom habit.

SmoothCurves

sr. member

Activity: 379

Merit: 250

Quote from: saddambitcoin on January 07, 2015, 06:58:11 PM

I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club Cheesy

That's 18k XMR?

saddambitcoin

legendary

Activity: 1610

Merit: 1004

I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club Cheesy

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: rpietila on January 05, 2015, 01:55:02 PM

Quote from: Febo on January 05, 2015, 01:33:59 PM

If BTC will go under 100 USD, then it will influence on all crypto including Monero and no way Monero would held over 0.001 btc.

Quite the contrary; it's hard to believe XMR price measured in fiat could go much lower than what it already is, resulting in a XMRBTC of >0.002.

This is an interesting perspective. I have argued for XMR behaving as a the leveraged play on XBT based on the past performance of many of the "senior" alt-coins over say a 2 year period; however the combination of the recent bear market in XMR, now having found a bottom, followed by a fall in the XBT/USD rate has created a situation where XMR has close to held its own with respect to USD and other major fiat currencies over the last 30 days. https://bitcoinwisdom.com/. If even a very small portion of the bit bears get the idea they can hedge a part of their XBT exposure by purchasing XMR this could be very bullish at least in the short term. The 30 day figures on https://bitcoinwisdom.com/ speak volumes.

Hueristic

legendary

Activity: 3836

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Doomed to see the future and unable to prevent it

Quote from: coinits on January 05, 2015, 10:08:00 PM

Quote from: redhack on January 05, 2015, 02:15:15 PM

We lost a lot of money from Monero. It's sad.

Buy high and selling low works like that. You have been told more than once that this is not a day trading coin. Sucks to be you.

sucks to be me too. Cheesy

I bought at peak to show BTxpress that he didn't scare anyone. but apparently he did. Lol

coinits

legendary

Activity: 1582

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011110000110110101110010

Quote from: redhack on January 05, 2015, 02:15:15 PM

We lost a lot of money from Monero. It's sad.

Buy high and selling low works like that. You have been told more than once that this is not a day trading coin. Sucks to be you.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: bclcjunkie on January 05, 2015, 09:52:28 PM

care to elaborate what your investing strategy was?

Don't bother. Look at the post history. It is just an account being mined up to non-newbie rank so it can be sold.

EDIT: On second look I don't think this is quite true. He's posted about Monero a few times before, so probably just someone with an odd posting style that resembles a rank miner.

bclcjunkie

hero member

Activity: 833

Merit: 1001

care to elaborate what your investing strategy was? don't worry you're not the only one who got affected by recent monero price fluctuations but the tips mentioned earlier are great if you want to dollar-cost average your investment... by the way i view monero investment as long term due to its niche in anonymous currency area.. you can take advantage of price fluctuations but that's more to accumulate rather than exit with profits, the choice is yours though..

Quote from: redhack on January 05, 2015, 02:15:15 PM

We lost a lot of money from Monero. It's sad.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

I can't help but notice that XMrs uptrend was confirmed on XMas eve. Coincidence?

Then the higher low was on New Year's Day.

The next NYSE holiday is 19 Jan, MLK Jr day. I shall keep some BTC on hand then, out of sheer superstition, I guess.

actually, looking at the technical structure, I would not be terribly surprised if MLK day was a short term low. but, as we enter week 3 of an uptrend, my most natural downturn estimates are all in February or March.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: redhack on January 05, 2015, 02:15:15 PM

We lost a lot of money from Monero. It's sad.

The rule with longshot investments is that you lose when there is no case of upside left anymore.

In case of Monero, the upside remains in my opinion about as strong as it has ever been.

So the only thing that has changed is the current valuation of the betting coupon. If your position is less than Kelly, doubling down is the right thing to do.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: redhack on January 05, 2015, 02:15:15 PM

We lost a lot of money from Monero. It's sad.

Then you weren't buying it all the way down. I'm still in the red, but only slightly, having been buying continuously since April. I break even over 200k. If BTC crashes through 200 USD, I suspect I will be in the black. At 2m, I will sell off any excess I accumulate during the dips.

Sadness and happiness mean nothing to the market. If you want to succeed in contest with the market, you must not allow your plans to be affected by sadness or happiness. Both are poisonous to clear reasoning.

redhack

legendary

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We lost a lot of money from Monero. It's sad.

binaryFate

legendary

Activity: 1512

Merit: 1012

Still wild and free

I concur. Below a certain threshold, if bitcoin keeps crashing it would become positive for xmr that would appear not just as a complement but as a real competitor.
I doubt we will get to that threshold personally.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: Febo on January 05, 2015, 01:33:59 PM

If BTC will go under 100 USD, then it will influence on all crypto including Monero and no way Monero would held over 0.001 btc.

Quite the contrary; it's hard to believe XMR price measured in fiat could go much lower than what it already is, resulting in a XMRBTC of >0.002.

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: UnicornFarts on January 05, 2015, 11:54:52 AM

Quote from: bigj on January 05, 2015, 10:48:34 AM

Bitstamp is down -- any spillover effects on Monero so far?

EDIT, for completeness:

BITSTAMP SERVICE TEMPORARILY SUSPENDED

We have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015.
As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins.
IN THE MEANTIME, PLEASE DO NOT MAKE DEPOSITS TO PREVIOUSLY ISSUED BITCOIN DEPOSIT ADDRESSES. THEY CANNOT BE HONORED!
Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.
Bitstamp takes our security and soundness very seriously. In an excess of caution, we are suspending service as we continue to investigate. We will return to service and amend our security measures as appropriate.
Bitstamp Team

The ironic thing about Monero is that I view bitcoin as more of a liability at this point. I don't feel Monero is going to go much lower than .01. And much lower than .014 / .015 for extended periods of time. Esp once the release curve starts drying up.

Bitcoin on the other hand - I think there's a real possibility it could see double digits in 2015.

What is happening on Bitstamp will reflect on Monero if it will first reflect on BTC. But i doubt it will have any impact.

If BTC will go under 100 USD, then it will influence on all crypto including Monero and no way Monero would held over 0.001 btc.

UnicornFarts

full member

Activity: 154

Merit: 100

Quote from: bigj on January 05, 2015, 10:48:34 AM

Bitstamp is down -- any spillover effects on Monero so far?

EDIT, for completeness:

BITSTAMP SERVICE TEMPORARILY SUSPENDED

We have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015.
As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins.
IN THE MEANTIME, PLEASE DO NOT MAKE DEPOSITS TO PREVIOUSLY ISSUED BITCOIN DEPOSIT ADDRESSES. THEY CANNOT BE HONORED!
Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.
Bitstamp takes our security and soundness very seriously. In an excess of caution, we are suspending service as we continue to investigate. We will return to service and amend our security measures as appropriate.
Bitstamp Team

The ironic thing about Monero is that I view bitcoin as more of a liability at this point. I don't feel Monero is going to go much lower than .01. And much lower than .014 / .015 for extended periods of time. Esp once the release curve starts drying up.

Bitcoin on the other hand - I think there's a real possibility it could see double digits in 2015.

bigj

full member

Activity: 198

Merit: 100

Bitstamp is down -- any spillover effects on Monero so far?

EDIT, for completeness:

BITSTAMP SERVICE TEMPORARILY SUSPENDED

We have reason to believe that one of Bitstamp’s operational wallets was compromised on January 4th, 2015.
As a security precaution against compromises Bitstamp only maintains a small fraction of customer bitcoins in online systems. Bitstamp maintains more than enough offline reserves to cover the compromised bitcoins.
IN THE MEANTIME, PLEASE DO NOT MAKE DEPOSITS TO PREVIOUSLY ISSUED BITCOIN DEPOSIT ADDRESSES. THEY CANNOT BE HONORED!
Customer deposits made prior to January 5th, 2015 9:00 UTC are fully covered by Bitstamp’s reserves. Deposits made to newly issued addresses provided after January 5th, 2015 9:00 UTC can be honored.
Bitstamp takes our security and soundness very seriously. In an excess of caution, we are suspending service as we continue to investigate. We will return to service and amend our security measures as appropriate.
Bitstamp Team

rdnkjdi

legendary

Activity: 1256

Merit: 1009

Quote

Adam Back said something about maybe there would be a consensus to slow down the curve once the issue becomes more pressing, which gave me a bit of a laugh.

Yeah ... considering the entire thing is built around mining syndicates. I'm sure they'd opt for that.

The reason bitcoin won't change is because of decentralized consensus. The only thing more inefficient than bureaucracy

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: ?? on ??

Quote from: rdnkjdi on January 04, 2015, 10:49:32 PM

Quote

My forecast for 2015: A bloodbath, just in the end we'll see a new #1 and BTC biten the dust (with BTC Bagholders still being in denial)

I actually agree with this although I don't know that it will happen in 2015. Crypto can't go anywhere with a revolving door of trading leaders every few years because it's not economically viable. That said - I feel Bitcoin's economic model is broken with the trending towards 0 block reward.

I actually find Ethereum's ongoing distribution model much more geared towards what makes sense to me in a growing economic structure.

Not only that, the entire Bitcoin culture was built around the coin having a fix block reward until 0 and it being transparent with linkable transactions both aspects are core to the Bitcoin philosophy and I believe they have their place but for the end user they don't make much sense, Moneros approach is more refined.

A more immediate issue will be the 1MB block size limit in Bitcoin, which does not affect Monero.

smooth

legendary

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Quote from: grendel25 on January 04, 2015, 11:50:33 PM

Quote from: smooth on January 04, 2015, 10:57:14 PM

Quote from: rdnkjdi on January 04, 2015, 10:49:32 PM

Quote

My forecast for 2015: A bloodbath, just in the end we'll see a new #1 and BTC biten the dust (with BTC Bagholders still being in denial)

I actually agree with this although I don't know that it will happen in 2015. Crypto can't go anywhere with a revolving door of trading leaders every few years because it's not economically viable. That said - I feel Bitcoin's economic model is broken with the trending towards 0 block reward.

I actually find Ethereum's ongoing distribution model much more geared towards what makes sense to me in a growing economic structure.

Monero and Ethereum will have a similar reward structure in several years.

So coins can just restructure? Why wouldn't btc just restructure? But really, I'm all for more coin options in the crypto world so I hope XMR or others can be more competitive.

There is no restructuring. Monero was designed with a fixed minimum maintenance reward, which is the same as Ethereum once you get past the first several years. In the first few years they are quite different, but then they end up in the same place. Ethereum has a premine/ICO then then a fixed reward, Monero has a smooth declining reward.

This is no coincidence -- many have questioned the logic of bitcoin's decline-to-zero structure, and many believe it will need to change (or see Bitcoin fail). Adam Back said something about maybe there would be a consensus to slow down the curve once the issue becomes more pressing, which gave me a bit of a laugh.

Topic: [XMR] Monero Speculation - page 2083. (Read 3313076 times)