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Topic: [XMR] Monero Speculation - page 316. (Read 3314350 times)

member
Activity: 200
Merit: 47
March 27, 2018, 07:34:20 AM
I'm a permabull, but starting to feel like an ATH again this year is unlikely. (in BTC or fiat terms).

Painful market right now...
legendary
Activity: 2744
Merit: 1288
March 27, 2018, 06:26:49 AM
So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.


you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.

I'm not so sure. The on/off-ramps to crypto (especially alts) are not as easily accessible and thus less susceptible to panics in the broader markets. Cryptos still remain very much on the fringe in spite of their recent publicity.


It is hard to talk about future. Only two years ago I would have totally different opinion. But things escalated exponentially. And hype that happened in 2017 will give results only this and next year. Because things are not done overnight and new people that joined with new ideas will slowly started contributing to crypto economy.  Unless this financial crisis happens tomorrow we will will see on/off-ramps to crypto (especially alts) much more easily accessible in the future. So we dont really know what will happen two years from now. But maybe you are right, because they will need to sell crypto and not buy.  Where I live you can buy  Bitcoin on any gas station for over a year, but to sell it for cash you have only few two way ATMs.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
March 27, 2018, 05:18:41 AM
So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.


you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.

I'm not so sure. The on/off-ramps to crypto (especially alts) are not as easily accessible and thus less susceptible to panics in the broader markets. Cryptos still remain very much on the fringe in spite of their recent publicity.

Actually it kinda is susceptible to panic and hype.  Most people holding cryptos (especially alts) are your typical smart, technical, nerdy computer guys who don't have much experience in trading.  Basically people who aren't trained and don't trade the markets professionaly.
member
Activity: 105
Merit: 10
March 27, 2018, 04:03:44 AM
Self-moderated thread for discussion of Monero trading and price speculation.

Off topic posts will be removed. Off topic includes any extensive discussion of other coins, promoting other coins, or posting of promotional materials from other coins.

Non-substantive comments such as Monero sucks, Monero is a scam, Monero is great, Monero to the moon, etc. are considered off topic. Every post and reply should add to the discussion. The preceding sentence forbids repetitive exchanges on the same topic without some topical context.

Hostile trolling (which includes but is not limited to use of "meme" pictures to attack or demean) especially by sock puppet accounts is not allowed.

When quoting posts, please remove any large charts or other images unless the quoted post is at least one page old. Please shrink (or remove) large images in replies in all cases.

When I am speaking as the moderator, and only then, I will write in red. Other messages using red text are not permitted.

People speculating on Monero may also be interested in the MoneroMarkets subreddit (unaffiliated)


Thanks for opening a new speculation thread. I'm not a huge fan of self moderated threads, as they tend to invite abuse of power of the thread starter in my experience. That said, not wanting to give in to FUD posts/trolling is a valid reason for self moderation, so I'm not outright going to bash the attempt.
When the price is going up people tend to pull their ask in anticipation of a better price to sell at. When the price is dropping people tend to pull their bids in anticipation of a lower price to buy at. At the same time in a falling market a lot of people wants to sell and places sell walls hoping to get out at a better price, and vice-versa.
Also, if someone is in the process of accumulation, he often masks his intention with having the bought coins in asks, trying to cap the price. Similarly a seller would use bid walls to try to keep price higher while he is unloading. I have tried these techniques in a liquid market (Bitstamp BTC/USD) and in a short term (a few hours) and medium trade size (100-200 BTC), they lead to an average 0.45% better execution than not employing them. That is only possible for medium+ traders who have the required funds to put up walls, and only for medium- trade sizes, because large trades affect the market nevertheless and the strategy becomes evident to an observer, if there is simultaneous buy pressure and sell walls. It may be +EV still, though, as I see it being used in Bitstamp often now.
sr. member
Activity: 490
Merit: 278
March 27, 2018, 02:03:42 AM
I think that both communism and capitalism are centralized systems. Monero war against ASIC is about freedom. Freedom is about decentralized power, where each individual control a small part of the system. i support Monero war against ASIC.
hero member
Activity: 795
Merit: 514
March 26, 2018, 06:21:07 PM
So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.


you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.

I'm not so sure. The on/off-ramps to crypto (especially alts) are not as easily accessible and thus less susceptible to panics in the broader markets. Cryptos still remain very much on the fringe in spite of their recent publicity.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
March 26, 2018, 12:18:40 PM

you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

It really all depends on the percentage of the sheeple that the word has got out to and that smart enough to see the advantages of a solid coin. That is probably a small percentage and is made smaller by the high cap coins that are all majorly flawed be it by centralization or banking influence or just plain un trusted setups not to mention scam premine starts with manipulated caps. There really are very few coins that the masses can use as a safe haven which of course Monero is the foremost IMHO.



I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.

The day will come where the world will understand that it can be a safe haven.

I wonder if you prove to your insurance company how much you hold in a cold wallet and your house burns down if you are covered as in a work of art or just the property you prove has been lost?

this would be important to know for those that just wast to hold their funds safe without the banks having the opportunity to freeze or seize. Like all those dormant account that get seized. It's gonna suck for alot of people that their grandparents deposited money for them to have when they become adults only to find out it was taken as dormant, where I grew up it was common practice to do this. I was actually brought up to save and not use credit.
legendary
Activity: 2744
Merit: 1288
March 26, 2018, 11:37:59 AM
So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.


you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.
member
Activity: 108
Merit: 10
March 26, 2018, 10:25:58 AM
So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.


you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.
sr. member
Activity: 490
Merit: 278
March 26, 2018, 09:34:52 AM
do you use cake wallet in ios? is it trustable?

Cake Wallet - now with an Exchange! (Version 2.0.0)
The exchange allows conversion between XMR, BTC, LTC, ETH, BCH and DASH. If you're exchanging from XMR or exchanging to XMR, the transaction is done with one of your XMR wallets within Cake or an external XMR wallet of your choice. For others, you must provide your own wallet address.

I divided your post in half. The first part looks like a reasonable question, the second looks like an ad. Still, to answer your question; I'm pretty sure that cakewallet is your only option for XMR on IOS (so if it was a scam you'd hear a lot about it being one), but as always if you have a large stash then keep it in cold storage of some sort.
thanks for your assistance. i wrote second part for people who did not know about that wallet, actually i heart that wallet today and just want to know something about that wallet.
unfortunately i have not background to see that app is trustable or not.
i decide to not use this program, still use cold storage
sr. member
Activity: 490
Merit: 278
March 26, 2018, 09:34:07 AM
do you use cake wallet in ios? is it trustable?

Cake Wallet - now with an Exchange! (Version 2.0.0)
The exchange allows conversion between XMR, BTC, LTC, ETH, BCH and DASH. If you're exchanging from XMR or exchanging to XMR, the transaction is done with one of your XMR wallets within Cake or an external XMR wallet of your choice. For others, you must provide your own wallet address.

I divided your post in half. The first part looks like a reasonable question, the second looks like an ad. Still, to answer your question; I'm pretty sure that cakewallet is your only option for XMR on IOS (so if it was a scam you'd hear a lot about it being one), but as always if you have a large stash then keep it in cold storage of some sort.
thanks for your assistance. i wrote second part for people who did not know about that wallet, actually i heart that wallet today and just want to know something about that wallet.
unfortunately i have not background to see that app is trustable or not.
i decide to not use this program, still use cold storage
member
Activity: 462
Merit: 62
March 26, 2018, 09:30:40 AM
Year to Date of 10 coins/tokens (daily changes added up)
sr. member
Activity: 504
Merit: 250
March 26, 2018, 09:03:18 AM
do you use cake wallet in ios? is it trustable?

Cake Wallet - now with an Exchange! (Version 2.0.0)
The exchange allows conversion between XMR, BTC, LTC, ETH, BCH and DASH. If you're exchanging from XMR or exchanging to XMR, the transaction is done with one of your XMR wallets within Cake or an external XMR wallet of your choice. For others, you must provide your own wallet address.

I divided your post in half. The first part looks like a reasonable question, the second looks like an ad. Still, to answer your question; I'm pretty sure that cakewallet is your only option for XMR on IOS (so if it was a scam you'd hear a lot about it being one), but as always if you have a large stash then keep it in cold storage of some sort.
legendary
Activity: 2268
Merit: 1141
March 26, 2018, 04:41:38 AM
sr. member
Activity: 490
Merit: 278
March 26, 2018, 04:08:18 AM
do you use cake wallet in ios? is it trustable?
Cake Wallet - now with an Exchange! (Version 2.0.0)
The exchange allows conversion between XMR, BTC, LTC, ETH, BCH and DASH. If you're exchanging from XMR or exchanging to XMR, the transaction is done with one of your XMR wallets within Cake or an external XMR wallet of your choice. For others, you must provide your own wallet address.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
March 25, 2018, 07:10:03 PM
I was gonna double down my long #.0240 but couldn't have covered the margin if it hit .0235 so I chickened out Dammit! Cheesy

In retrospect I should have told you guys so you could have grabbed some from there to .0238! LOL
legendary
Activity: 2744
Merit: 1288
March 25, 2018, 01:45:20 PM
Multisig (both N/N and N-1/N) will be included in the next release (0.12), which is targeted to be released next week.

When is the release date? Next week at 28th March 2018 or week after next week at 6th April 2018?
Here both are mentioned.
https://github.com/xmrig/xmrig/issues/434

It is 6th April. Date was postponed on last dew meeting. Haa that reminds me today is or was a developers meeting.


Haa, apparently was no meeting since everything is clear and meetings will be probably held every 2 weeks as usually in past.
legendary
Activity: 1722
Merit: 1217
March 25, 2018, 01:18:39 PM
How far along are multi-signature addresses in Monero? Judging by this pull request, I would assume they are already operational by using the CLI wallet? https://github.com/monero-project/monero/pull/3489

Multi-sig will enable Monero p2p FIAT on/off ramps and DEXs, and I think it is important to enable developers to create such (seeing as though regulators are stepping up their enforcement efforts and authoritative bravado.)

Multisig (both N/N and N-1/N) will be included in the next release (0.12), which is targeted to be released next week.

Source code is out right now if you don't mind building it yourself. https://github.com/monero-project/monero/releases
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
March 25, 2018, 01:14:41 PM
Multisig (both N/N and N-1/N) will be included in the next release (0.12), which is targeted to be released next week.

ty

Multisig (both N/N and N-1/N) will be included in the next release (0.12), which is targeted to be released next week.

When is the release date? Next week at 28th March 2018 or week after next week at 6th April 2018?
Here both are mentioned.
https://github.com/xmrig/xmrig/issues/434

http://xmr.noctism.com/
full member
Activity: 308
Merit: 109
March 25, 2018, 01:00:52 PM
Multisig (both N/N and N-1/N) will be included in the next release (0.12), which is targeted to be released next week.

When is the release date? Next week at 28th March 2018 or week after next week at 6th April 2018?
Here both are mentioned.
https://github.com/xmrig/xmrig/issues/434
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