Topic: [XMR] Monero Speculation - page 2133. (Read 3313076 times)

There is no "normal" in this context. It's a fallacy of the mind.
I'm a monero supporter myself, but I have to acknowledge that usage of this kind of term is indicative of a strong bias.

You are telling that this price / dump is caused Ryan Kennedy?!
Hmm.. maybe you are right. Actually, tbh, I can hope that's the reason. Because then this madness will end soon and everything will go back to normal.

Why would a stolen coin dump scare you?

Meaning the bottom will be in rpietila's promised buy wall? And if that will get depleted?

Don't get me wrong, I want to see XMR at 1000$ someday, but .. I have my fears now and I'd like to read something very convincing that my fears are wrong.

0.0015 + a bit.

I am guessing around 0.0005-0.001.

I don't know how much % of your crypto portfolio is that 30+14 btc. But sometimes it's better to be more underwater on a smaller position and feel comfortable with it than be less underwater but have a uncomfortable % of your portfolio invested. Aside from that, I think this is a very good entry point. Similair like you, I've invested when the price was much higher, 0.0035 was back then a solid entry point..

I bought 14BTC worth of XMR at 0.0035, so right now I'm about 6 or 7 BTC down.

Still holding.

I've got about 30 BTC elsewhere which I'm using for BTC/USD trades, but now I'm thinking should I use all or some of those funds to double up on XMR sub 0.002 and soften the losses already made?

Or is that patently a recipe for disaster...

My suggestion on making Monero a large marketcap

1) Cut the emission (giving much more life time for the coin - also this enables lower transaction costs since the inflation can make mining profitable also in the future which increases people's propensity to do transactions which leads more anonymous network). When cutting emission, it should be done in two ways: making Monero slower but more anonymous (increasing block time which enables more transactions per block and thus higher anonymity) and cutting the block reward. For example, block-time could be similar to LTC (around 3 mins) and block reward 3-4 xmr/block.

2) Non-crypto adoption. Non-crypto adotion helps not only Monero but also bitcoin since in order to buy Moneros one should buy bitcoins first. For example, Risto mentioned his network consists of people whose networth is hundreds of millions of euros - once they start investing into Monero big time and inflation is low, it means the coin value will go to skyhigh. Also bitcoin gets support since bitcoins must be purchased before executing the trades into Monero.

3) Building up local Monero type service network

4) Building ventures such as Risto's game that sucks Moneros from the markets into long-term bags

The bottom line: we as a community need to start making services (and money) which puts moneros into people's hands and sucks Moneros to long-term bags.

Just invested some.  With strong support here, im relieved this aint like those churn n burn alts.

One bright side I see to the XMR price slide for 400 to 200 is that if this lasts for a year it might be a great talking point when the coin is accused of an instamine.

Understanding that early adopters actually lost a lot to mid term adopters due to high inflation might help with the coin release schedule PR issue in a few years if Cryptonote is still around.

What I'd give for a coin that just released a set number of coins per year period, had free transaction fees, and a constantly improving feature set that included anonymity.   I feel like hoping the price goes up and being involved early makes me a participant in a ponzi scheme ... even with bitcoin due to the release schedule.

A set number of coins a year would drive price and scarcity based on adoption and investment in exactly the same way mining does.  Vs shrinking supply

When that was out there was actually an 60 btc dump on Poloniex. But no one can say for sure if those was really the Moneros from Mintpal. Only way to know is to see if owner will get them back or not. Those Moneros on Mintpal are not something catastrophic for Monero, but even only the news that Mintpal Moneros are getting dumped added a bit more negativism to the current not so bright situation of cryptocurencies.

yeah... I'm in the same situation, debruyne...

I am still buying little amounts, but that also will soon end.

I made a promise to myself to keep at least 70% of my current holdings until we are at 0.01 BTC/XMR. The other 30 i'll sell on the way up

I wish I was as lucky as you, but unfortunately I am already maxed out (I still got some btc though, but I won't feel comfortable investing more). I think price will recover sooner or later, XMR has some great things in foresight and actually brings something new to the table. I also saw it as an investment and I am not a trader. Handling such volatility is an aspect of altcoins aswell. When choosing an altcoin that actually could deliver something nice, it might be rewarded great. Would be stupid for me to panic sell now and panic buyback later, that would only bring down my amount of XMR.

I have been extremely blessed to be able to be under Monero rain recently.
Even today I got all my buy orders filled the lowest being at 0.00195.
I am planning to reset some buy-orders in case the dumpsters want to continue dumping onto me.  


And my hands are strong.

Extremely bullish, if true.  No provenance, however.

Missing link: https://twitter.com/omnik/status/522165410096234496

It was definitely alleged that stolen XMR from Moolah/Mintpal were being dumped. I don't have the link but someone posted that on twitter before all the details about the bankruptcy came out.

I wonder is there some relation to the Moolah bankruptcy and XMR tanking. A lot of people seem to have lost some XMR on the site due to "problems with the daemon" and it makes me think something funny is going on.

Let's hope so...