Topic: [XMR] Monero Speculation - page 2142. (Read 3313076 times)

Emphasis mine. Isn't the former likely done with the latters?

That is interesting, in other words, not giving any thieves a place to dump a lot of coins. I really hope the Mintpal thing works out and we get our coins back.

IAS

Such as?


Gotta wonder if that was a mintpal dump

Thing is, it wasn't just XMR, it was most every coin that Polo has that MintPal also had.

You can get them back... Looks like TrueCryptonaire will sell them to a stronger hand...

I really wonder if the "owners" of Mintpal are dumping our XMR on Poloniex. I had quite a few coins there that I hope to get back but I wonder if they were already sold.
Awfully suspicious for the website to be down after a spontaneous upgrade for a week, and then they file bankruptcy. They say we have till the end of the month to withdraw funds.
Gox 2.0?

that was an impressive dump .... wish i'd had some low buy orders

The good thing about these low prices are that you can efficiently lower your average buying price. I have exploited this opprtunity since I bought the majority of my coins just under 400 and now I am able to buy sub 3 levels. Why not. 

I bought some at that dump. Today all my buy-orders got filled.
One at 265, one at 250 and the third at 230. Now I put some additional buys. I do not care if they do not get filled.

As soon as Monero becomes mainstream, it is easy to sell those coins to stronger hands.

I am sorry for the seller who sold me.  His hands were simply too shaky.

The good thing about monero is that there are real world projects going on (gaming industry).

I agree with the criticism that Monero needs adoption outside the crypto-community.
To be honest, I believe more in wider Monero adoption than wider bitcoin adoption. Bitcoin is like a tyronosaoros Rex which have died.

When Monero is more mainstream I am expecting mass exodus from Bitcoin-community towards Monero. However then it might be too late already. 

To become mainstream, the coin doesn't need to be technically the best possible but only satisfying.

However in my honest opinion we are talking way too little about the inflation aspect. There might arise a huge arguments of community premine if the coin is almost mined when the wider population will enter into the community. Obviously we do not need the current inflation rate for now, but I could see for example the rest of Monero mintage divided more evenly over the coming 100 years. This will guarantee there is not significiant mining done even after tens of years.
By this we can make Monero The Crypto coin since there will be more life expectancy.

Dude come on. There's a difference between being a slave of the New World Order and being the New World Order. I would expect someone coming from the UK to have a better grasp of language.

But anyways... speculation... speculation...

The fact that you're predicting the doom of all coins kinda invalidates your argument. It's true however that there is a lot of buzz around Monero, and when altcoins slide like as is the case now, people seemingly aren't able to make the logical connection between the general slide and a more specific slide. I suppose this is punctuated by lazy investors who really don't have a clue, and when they panic their profits away they immediately look for a scapegoat to blame.

I hope you're not talking to me. I wouldn't touch BBR for one of the main reasons I don't like Monero -- its got a silly name. Boolberry? No thanks.


Really? That's weird. I don't think you guys are the new world order at all.

But anyways... speculation... speculation...

If XMR falls to 2 and holds, _then_ I would say it might be a good time to buy. However there are other catalysts, known unknowns if you will (in addition to some known knowns), which may collapse XMR over the long run.

Without fresh blood, real-world integration or the saving grace of a whale, XMR is doomed to die a slow death. Don't worry, so are most coins. Its just that people spent an ungodly amount of time fretting over this one.

It's been a rough few days for many coins it seems.  BBR just took another hit.  Dark, btcdark, dark(duck)note, doge, bitsharesX are all down significantly.  Even ltc is down some.

Although this is not real analysis, these are coins I check every day so to me it seems obvious.

You remind me of some bum I saw out on the street the other day. He started off by insulting me, then he said I was a "slave of the New World Order".

Shortly after he asked if I could "lend him some money" so he could get a sandwich.

Predicting price movement with any accuracy is not something that can be done without inside knowledge, serious math, or both.

What we can do is look at the ways to catalyze growth, adoption, acceptance and make things happen.

South American nations are ripe for this NOW.  Venezuela has the highest bond rate on the planet, currency failures imminent.
Brazil, Ecuador, and Argentina are right behind.
Argentina especially has a growing middle class.  They are trying to save for their children's college education, but the banks are no good for that because the currency devalues faster than the interest rates.

So they buy cars and stick them in the garage under a tarp because it is a "store of value".  Anything solid.  They'd get gold and silver if they could get their hands on it.
Crypto currencies are VERY hot there.

Currency controls in Asia areas make it a slam dunk.
The USA is not the best market for it.

We're not really comparing XMR notes with a BBR bagholder, are we? 

I have no idea how it feels to have lost as much money on cryptocurrency (or any investment for that matter) as you have. I just wouldn't want to wish the same pain on others. Would you?

Actually it was seeing one of your comments elsewhere that prompted me to write the above one.

Monero down over 30% since I made my last call (that it was going to keep going down).

... I'm just trying to wrap my brain around the number of wrong predictions Reptilia, SaddamBitcoin and Smooth have made since then. It must be in the hundreds.

Yet you guys will keep listening to them like they are the new apostles. Why? There's so many more interesting and novel coins out there with organic movements behind them, why get stuck on a midlevel cryptonote fork?

Getting suckered in by brainwashing, a false sense of hope and community aren't good excuses.

Most people among my connections are crypto-virgins and as I have been talking them about bitcoin, they answear me in two ways: 1) It is a bubble, I wish I knew it when it costed like sub 10 usd 2) Bitcoin - so what (meaning: it doesn't bring anything new into my life, I have credit card which works fine and I have a bank account which also works fine)?

In my opinion, bitcoin is facing now huge challenges, it actually doesn't bring anything new for average Joe since via Credit cards you can do all the things you are doing via bitcoin. Personally the only thing which attracts me to bitcoin is the price increases - there is not enough essence in "innovation".
People who adopt bitcoin are doing it mostly due political reasons (they are liberals). Now as all the liberals have adopted bitcoin, how should it change its ideology to attract the masses who are not liberals.
What I am trying to say is that bitcoin adoption is based too much on political ideology instead of tech innovation (which it doesn't obviously have radically enough).

Monero is a right step forward. There are people who simply want to be background with their money and they want to hide their wealth.
Bitcoins can be confiscated but it is much harder to confiscate Moneros due to anonymity feature.

Yes I describe this as a crypto dark age. There just isn't much going on in terms of opening of new markets or increased demand for the technology (broadly speaking I include both XMR and BTC here). Look at the BTC chart over the past 10 months. In the moment it seems like a lot is going on with daily/weekly pumps and dumps, China bans, MtGox implosion, but zoomed out you just see stagnation and slow decline.

It will take something new and important to break out of this pattern.