Topic: [XMR] Monero Speculation - page 2087. (Read 3313076 times)
jehst, don't use the word "gamble", xmr is not a day trading coin.
reality sinked in fast with this one. makes for an easier trading decision.
Hey manic-depressive-bro. If a <50% correction after a 100% rise scares you, stay out of cryptocurrency. Go invest in a mutual fund. If you're a day-trading master, go ahead and ride the waves.
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the first question for a willing longterm investor to ask is: is xmr widely used as a currency?
No, it's not. And neither is bitcoin.
is it a crime to ask what people think and express my own opinions about price movements?
as for it's not widely used as a currency yet, it's not a problem for me to be quite honest. if it's trending up for the longterm then it's all good. but i would be willing to go super longterm to the moon if signs point to mass adoption. and rightly so.
In my opinion not, I also don't understand why other users are so agressive against you since you're not fudding but asking normal questions. Anyway, looking at the bolded part: XMR is not widely used yet, but I think it will be once all core features are out (DB/GUI/multisig). Remember that the GUI will be released shortly after the DB is stable, it currently makes no sense to release a GUI without a stable DB. The reason why I think it will be widely used is that it is far superior over bitcoin looking at linkability and traceability. But we have to ask ourselves, what do you call widely used? In my opinion, if we we're added to the largest darknetmarkets we can call it widely used. Since XMR is superior to BTC, I think it will only be a matter of time.
EDIT: Forgot to add, the MEW is also setting up a Monero Marketing Taskforce (https://bitcointalksearch.org/topic/m.9958424)
just trying to ask the right questions and keeping it real.
The question of "wide usage" does very little to differentiate cryptocurrencies. Bitcoin is about as widely used as Dogecoin or Quarkcoin when compared to the US dollar any major currency (i.e. not widely used at all). So the question doesn't help. It merely lumps all crypto together. Bitcoin should not be lumped in together with Quarkcoin. All crypto is experimental. Any real long-term gamble (or "investment," if you want to be snooty about it) in crypto must be made based on expected value. Implied probability. Aminorex said it better than I can say it:
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I am convinced, by facts and logic, that it is the best investment on the planet at this time. If it goes lower, it becomes even better.
Fact: U.N. estimates global black market at 2 tn USD in 2012.
Fact: PQ=MV
Fact: Cryptonote is the only dark transaction protocol providing useful levels of unlinkability and untraceability.
Fact: XMR is the leading cryptonote coin by orders of magnitude in liquidity.
Fact: XMR is not usable by non-technical persons without trusting a web wallet today, but will be when GUI, DB, and multi-sig are officially released.
Logic: Dark markets will adopt the best usable privacy and hence PQ is assured to approach some fraction of 2tn
Fact: Multinational corporations require to maintain secrecy in their internal cross-border transactions.
Logic: When XMR liquidity is high enough, it will be adopted by multinational corporations for internal cross-border transactions
Fact: Nation-states and the central banks which own them seek to enslave the planet, taking control of financial assets at will.
Logic: Wealth will migrate to dark storage, and when XMR has sufficient liquidity, it will be the dominant form of dark storage.
There is a clear three stage path from miniscule to gigantic, each step of which bears a fundamental inevitability. It is possible although unlikely for an alternative dark ledger to take the lead, but until then, XMR has the most asymmetric risk/return in the history of finance.
Fact: U.N. estimates global black market at 2 tn USD in 2012.
Fact: PQ=MV
Fact: Cryptonote is the only dark transaction protocol providing useful levels of unlinkability and untraceability.
Fact: XMR is the leading cryptonote coin by orders of magnitude in liquidity.
Fact: XMR is not usable by non-technical persons without trusting a web wallet today, but will be when GUI, DB, and multi-sig are officially released.
Logic: Dark markets will adopt the best usable privacy and hence PQ is assured to approach some fraction of 2tn
Fact: Multinational corporations require to maintain secrecy in their internal cross-border transactions.
Logic: When XMR liquidity is high enough, it will be adopted by multinational corporations for internal cross-border transactions
Fact: Nation-states and the central banks which own them seek to enslave the planet, taking control of financial assets at will.
Logic: Wealth will migrate to dark storage, and when XMR has sufficient liquidity, it will be the dominant form of dark storage.
There is a clear three stage path from miniscule to gigantic, each step of which bears a fundamental inevitability. It is possible although unlikely for an alternative dark ledger to take the lead, but until then, XMR has the most asymmetric risk/return in the history of finance.
And what he means by "asymmetric risk/return" is that there may be a small chance that xmr becomes the dominant form of private wealth storage in the world. Yet if it does, it will be worth at least hundreds of times more than it is now. I am not supporting or acquiring XMR based on its current use as a currency, but rather on its expected value.
regarding mymonero it would be useful if there was an FAQ explaining the use of mixin and which number to choose.
could somebody explain what mixin count refers to (does 3 mean the use of 3 ring sigs or something) and why 4 is the biggest option (why not 8 for example)? cheers
could somebody explain what mixin count refers to (does 3 mean the use of 3 ring sigs or something) and why 4 is the biggest option (why not 8 for example)? cheers
just trying to ask the right questions and keeping it real.
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No, it's not. And neither is bitcoin. So if that's your sole criterion, xmr is not for you.
but mass adoption is also important if i were going to invest super longterm. that's not a sole criterion, but it's certainly one of the most important. we need mass adoption.
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but if no, what is monero team's plan to change this?
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Have you seen www.mymonero.com ? The plan is to create more of that (i.e. User-friendly and power-user-friendly tools and services)
yup i've seen it and started using it. hoping to see more.
I'm just trying to cheer you up, brother.
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No, it's not. And neither is bitcoin. So if that's your sole criterion, xmr is not for you.
but mass adoption is also important if i were going to invest super longterm. that's not a sole criterion, but it's certainly one of the most important. we need mass adoption.
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Have you seen www.mymonero.com ? The plan is to create more of that (i.e. User-friendly and power-user-friendly tools and services)
yup i've seen it and started using it. hoping to see more.
reality sinked in fast with this one. makes for an easier trading decision.
Hey manic-depressive-bro. If a <50% correction after a 100% rise scares you, stay out of cryptocurrency. Go invest in a mutual fund. If you're a day-trading master, go ahead and ride the waves.
Quote
the first question for a willing longterm investor to ask is: is xmr widely used as a currency?
No, it's not. And neither is bitcoin.
is it a crime to ask what people think and express my own opinions about price movements?
as for it's not widely used as a currency yet, it's not a problem for me to be quite honest. if it's trending up for the longterm then it's all good. but i would be willing to go super longterm to the moon if signs point to mass adoption. and rightly so.
reality sinked in fast with this one. makes for an easier trading decision.
Hey manic-depressive-bro. If a <50% correction after a 100% rise scares you, stay out of cryptocurrency. Go invest in a mutual fund. If you're a day-trading master, go ahead and ride the waves.
Quote
the first question for a willing longterm investor to ask is: is xmr widely used as a currency?
No, it's not. And neither is bitcoin. So if that's your sole criterion, xmr is not for you.
Quote
but if no, what is monero team's plan to change this?
Have you seen www.mymonero.com ? The plan is to create more of that (i.e. User-friendly and power-user-friendly tools and services)
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit.
i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days.
i like trading trends. i don't buy and hold (hope) anymore. i am too impatient for it. having said that, giving it a few more days before making a decision. i'd rather take a small loss than taking a big one cos i was holding (hoping)...
XMR was not designed for quick profits nor day trading. You have not done your homework on this coin. For you, I agree, sell off and go find a day trader's coin.
i do longterm trend following not day trading.
as for homework.. you mean fundamentals? is xmr even widely used as a currency?
No but neither is bitcoin. So quit bitching then. Looks like you are FUDing to me.
not fud. i own xmr cos it looks like it's breaking out. but since you said xmr is not a day trading coin, then i assume you were implying it has good fundamentals. if so, then the first question for a willing longterm investor to ask is: is xmr widely used as a currency?
i honestly wouldn't mind switching to investor mode if the answer is yes.
edit: but if no, what is monero team's plan to change this?
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit.
i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days.
i like trading trends. i don't buy and hold (hope) anymore. i am too impatient for it. having said that, giving it a few more days before making a decision. i'd rather take a small loss than taking a big one cos i was holding (hoping)...
XMR was not designed for quick profits nor day trading. You have not done your homework on this coin. For you, I agree, sell off and go find a day trader's coin.
i do longterm trend following not day trading.
as for homework.. you mean fundamentals? is xmr even widely used as a currency?
If you asked if XMR is widely used as a currency, is good proof you did not do the homework.
It is time you move to main thread and start at OP.
everyone already knows the answer. i don't need to "do my homework". as for implying that xmr has good fundamentals, the first question is: is xmr even widely used as a currency? yes or no?
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit.
i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days.
i like trading trends. i don't buy and hold (hope) anymore. i am too impatient for it. having said that, giving it a few more days before making a decision. i'd rather take a small loss than taking a big one cos i was holding (hoping)...
XMR was not designed for quick profits nor day trading. You have not done your homework on this coin. For you, I agree, sell off and go find a day trader's coin.
i do longterm trend following not day trading.
as for homework.. you mean fundamentals? is xmr even widely used as a currency?
If you asked if XMR is widely used as a currency, is good proof you did not do the homework.
It is time you move to main thread and start at OP.
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit.
i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days.
i like trading trends. i don't buy and hold (hope) anymore. i am too impatient for it. having said that, giving it a few more days before making a decision. i'd rather take a small loss than taking a big one cos i was holding (hoping)...
XMR was not designed for quick profits nor day trading. You have not done your homework on this coin. For you, I agree, sell off and go find a day trader's coin.
i do longterm trend following not day trading.
as for homework.. you mean fundamentals? is xmr even widely used as a currency?
No but neither is bitcoin. So quit bitching then. Looks like you are FUDing to me.
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit.
i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days.
i like trading trends. i don't buy and hold (hope) anymore. i am too impatient for it. having said that, giving it a few more days before making a decision. i'd rather take a small loss than taking a big one cos i was holding (hoping)...
XMR was not designed for quick profits nor day trading. You have not done your homework on this coin. For you, I agree, sell off and go find a day trader's coin.
i do longterm trend following not day trading.
as for homework.. you mean fundamentals? is xmr even widely used as a currency?
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit.
i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days.
i like trading trends. i don't buy and hold (hope) anymore. i am too impatient for it. having said that, giving it a few more days before making a decision. i'd rather take a small loss than taking a big one cos i was holding (hoping)...
XMR was not designed for quick profits nor day trading. You have not done your homework on this coin. For you, I agree, sell off and go find a day trader's coin.
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit.
i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days.
i like trading trends. i don't buy and hold (hope) anymore. i am too impatient for it. having said that, giving it a few more days before making a decision. i'd rather take a small loss than taking a big one cos i was holding (hoping)...
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit.
i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days.
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
what i meant by easier, is it's easier in letting this one go as it might stay flat/go slowly down. win or lose, i try to avoid buying and waiting (hoping), unless my paper profit is really huge and can relax a bit.
i'm hoping the driver comes back tho. but it looks like he may already have left. i will sell if it stays like this for a few more days.
reality sinked in fast with this one. makes for an easier trading decision.
How many times can you sell the same coins? I thought it happened already in 170s..?
reality sinked in fast with this one. makes for an easier trading decision.
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