Topic: [XMR] Monero Speculation - page 295. (Read 3314316 times)

Wow monero really under performing other alts. This is unusual. We are about to be overtaken by That Which Shall Not Be Named. Any idea what's going on?

I thought about doing that when BTC hit $9800 but I just couldn't get myself to trust USDT, with my luck it would implode the instant I converted to it.



Literally the only thing they did right was getting Peter Todd in on the ceremony and he distanced himself pretty quickly from that bit of hocus pocus (by focus?).

https://www.youtube.com/watch?v=MV0F_XiR48Q

Love that song!

I never even saw this Tweet.
https://twitter.com/peterktodd/status/919235622350487552

Forecasts though ungrateful occupation, but simple and entertaining especially with respect to Monero. The message that Monero is able to catch even bitcoin, led to the fact that after this the crypto currency started to rise. Therefore, we are waiting for the good news related to Monero.

Nice chart tho when you run the plot forward he hit the lines pretty well.

If you believe charts ... it's still within the (rather huge) range between $260 and $1000 

Looks like XMR should be around $950 right now according to this chart??

Hopefully the weekend brings a $300 price tag on Monero; and even though we don't like it, the MoneroV fork may well push this all the way back to $350 again at the end of the month.

250-260 seems like an ideal entry point right now - XMR has managed to ride the recent MtGox dump of BTC

This shouldn't be a suprise. No one uses Zcash for privacy and the issuance rate is ridiculous--not to metion their team goes out of their way to alienate the prvacy community. From the moment they had a trust ceremony to Zooko's dumbass twitter comments this coin has been a trainwreck--Sapling is a step in the right direction, but without a complete reorg, the underlying problem (a complete disregard for what the privacy community wants from a privacy coin) will exist. Zsnarks were a great idea that fell into the wrong hands and became the plaything for a few spoiled academics who don't mind getting paid to waste everyone's time. Though the inability to audit the supply probably made it a terrible idea for a space the that coined the term "hodl"--though that and the trusted ceremony  should have been the only concerns.

TLDR: If the Monero team had created Zcash, the only concern would be an unauditable supply and the trust ceremony. Instead we have: issuance rate, dev tax, backdoors, trust ceremony, corporate coin, optional privacy (which gives you fungibility and low anonymity set issues) and an unauditable supply.

The Monero price is almost the same as the ZCash now. It might be more than ZEC in the next few months.

In the meantime, I'm riding the current wave - managed to increase my XMR holdings a wee bit by selling at 295 and buying back ~260

Monero will be bloomed this year i am sure about it base on my own observation it will go ride with bitcoin.

Including our favorite duck-like bear pig who no longer shows his face around here. He (and others) expected to price to fall all the way to 50k sat. Well stated that the long position is the best position to have (if you can find a long worth taking). Optimism wins over the long-term.

I prefer the long term perspective so I will repost my post from December 2014, during the depths of the Monero bear market:


What I have found that works for me, first with Bitcoin and then with Monero is:

1) Start with a project with good long term fundamentals. This requires careful reserach. Right now among the top crypto currencies only Monero meets this criteria, in my opinion. I came to the conclusion in 2015 that even Bitcoin fails this test because the Bitcoin protocol does not support scaling, and likely cannot without violating its 21 million maximum Bitcoin limit. Long term fundamentals are critical because one needs to be able to ride out brutal bear markets. I actually bought XMR at ~4 USD in 2014 before XMR went below 0.30 USD.

2) Go long and take delivery. Invest only money one can afford to loose, and for best results acquire a position over time. Going short is a prescription for financial disaster. One wants to take the long side of the trade and take delivery. Not only is taking delivery a time tested  way to squeeze shorts to the wall, but the short history of crypto currency is littered with the carcases of dead exchanges.
 
3) One can start very small. One can easily find a ~100 USD to get started by avoiding pointless and wasteful consumer expenses. This works well with 2) above since the alternative, a pointless and wasteful consumer expense has a 100% guarantee of loss.

4) Use a Free Libre Open Source Software (FLOSS) operating systems, for  example GNU / LInux system to store your Moneroj. This has two critical advantages. a) The risk of loss to malware is drastically reduced. b) One avoids the cost of proprietary software licensing. Instead of paying money to Microsoft or Apple for a license to use their software with onerous restrictions and with a  100% guaranteed financial loss, one can use these funds get started with Monero. The worst that can happen is that one has replaced tyranny with freedom in one's computer experience, by "flossing out" this pointless and wasteful consumer expense as per 3) above.

5) Do not even try to time the market. This is a long term game.

Edit 1: One can argue that the larger Monero fish species see bear pigs as prey to feed on.
Edit 2: The Monero bear market bottomed out at 91 k sat, so the bear pigs did get slaughtered.

Monero (XMR)support added to Dubai cryptocurrency exchange BitOasis
It was announced earlier in the day from UAE-based cryptocurrency exchange BitOasis that the company now has added support for Monero (XMR) and Zcash (ZEC) on the BitOasis digital asset trading exchange. The two tokens have been added to meet increased demand from the customer base in the GCC.

Good stuff thanks for your insight, ill have to look more into this subpoena, I didn't know anything about that

Well last week was a good time, right now it depends on which way the wind breaks but I am very Bullish long term.

I meant theoretically, the coldest, smartest cash was all in (or long) around $160 and cashed out over $295 - an opportunity which it is now too late to benefit from.  

Going short now is potentially a little late, too - but nonetheless an option of course. Monero certainly has enough liquidity for any bet one could wish to make.

Lastly trolling is an option, too - for those who can't afford to bet, or have psychopathic, narcissistic personalities and cannot help it.  Unfortunately it seems it's never too late for that...

At least we agree hodling is the right coin is the best policy as some lucky ones here have been with XMR since sub 30c.

Hi, everyone. I'm newbie in what comes to monero, so I want ask you for a little help. I see now on coinmarketcap that Monero has decreased in its price. And I'm deciding to join XMR holders team Could you please advice me if it is the right time, to buy some Monero, or it is too late to join or it is not a coin for newbie traders? Would be really glad if you help me to make desicion.

I spoke too soon, the bears got into the pantry!

I think because of the dwindling supply of Monero 15k USD could be possible.

I am watching the following chart since a long time and it works out perfectly: https://www.tradingview.com/chart/XMRUSD/89VEffxW-Monero-s-dwindling-supply-10k-in-2019-scenario/