Topic: [XMR] Monero Speculation - page 361. (Read 3314316 times)

I finally caught a few in a dip, Back to buying a few portion a week. FTFM (fixed that for myself)

I felt naked with none!

Monero is a great altcoin. It is annoying that monero is so highly correlated to bitcoin. One day people will realize that a coin that is actually accepted by merchants is more important than the 'bitcoin' name.

XMR has outperformed BTC over most time periods during the last 2 years.  Looking at a short period is often misleading because prices make their bigger moves in short bursts, with most time spent in trading ranges (and therefore following BTC).

XMR is a slow-burn outperformer, because most traders/buyers don't appreciate the importance of fungibility until they have a lot of experience.

That's the whole market.
If bitcoin goes up like crazy, alts go down because everyone wants to jump on the btc train.
If bitcoin goes down like crazy, alts go down too because everyone is afraid that the world is gonna end.

Only when btc stays around a certain level for a while, that's when the alts seem to rally.

That being said, I think XMR is a great hedge against BTC, and also one that appreciates in btc value over time!

I understand what you’re saying, but dude... Monero followed Bitcoin around in 2015 at around .001-.0015 for a while too... it’s not a permanent thing, just a temporary coincidence.

Yes, indexes or markets will get graded and  separated, but question is how legitimate will this grading look. What we got from Weiss ratings was a total crap.  I am actually afraid the day when regulators will start grading crypto coins and tokens and place them in different groups as blue chips and ...   I hope I am wrong and my fears are not needed.

Can you elaborate on the cold-death of fiat? Specifically, the wealth extraction process populations are subjected to. How does it manifest? I understand you refer to QE its effects, inflations, which raise prices of goods in the economy, diminishing value of everyone's fiat possessions; but as far as I can see, salaries increase proportionally, hence compensating for the loss of purchasing power. Basically money weights a little less in my right pocket, but more enter my left pocket. What I am missing? Is this a multi-faceted process-mechanism that involves other means of extraction, such as emission of government debt or private actors front-running the QE at the upper end of the pipeline?

Unless the campaign is checking every post I expect they get through anyway on the persons post count.

I have a new unwrapped ledger waiting for it, too.

The Wall Observer doesn't show signature campaign stuff.  It gets turned off there to stop daft nonsense posting for the sig campaign credits.

If only....

I think the confidentiality protocols will be important in 2018. monero is a very popular and developing project for many years.

Hmm.....

I understand, but Bitcoin created the entire CC sector, and cut the path through the forest that Monero and other currencies will tarmac and make solid.

Maybe crypto is like PMs where gold is still king after thousands of years.  Or maybe its more likely is that the model is more like the internet's development with a 'dotcom boom' which few (if any) of the big early stars survived.

There is no doubt the market will have innovation, and new names will proliferate - equally most coins must die, since the entire market is driven by speculation about which tech will actually survive and be useful.  Time will tell of course and we will look back and laugh remembering the stars that shot high in our skies and then burned out.

Surely before too long, it will be impossibly expensive to launch new products into this crowded space when it is not feasible that more than a few can really survive.  There will soon probably be a 'big coin' index, and a 'minor wannabe' market for penny stock type coins.  Coinmarketcap is already a joke.
 
Bitcoin's main appeal was that it allows the movement of value peer to peer via the net without interference. This is what crypto as a whole is about. Blockchain, the decentralised ledger is a huge innovation in accounting - privacy is an important feature too - people thought Bitcoin had this early on, but of course it does not.  

Crypto potentially bypasses traditional banks, grants more user control and allows a vision of money being 'smart' too.  Leaders in sectors should survive but technology competition will mean coins will try to adapt and serve as many use cases as they reasonably can.

Smart contracts will survive and evolve through blockchain tech adoption.  Micropayments are necessary, as are irreversible and traceable large ones. Private ones will be useful too.  Will all these things and more be available in every coin?  I doubt it, as there are not ways to be all things to all men without balancing functions in the code and way coins work.  Will POS survive, will traditional blockchains become less popular? Maybe.  Will all coins be private?   No.

Near term - Bitcoin should and I hope, will survive.  Its robustness (anti-fragility) is legend and so it is and will be for some time the standard bearer for all crypto.  A failure in Bitcoin will set all crypto back a long way.  Medium term, as coins die and new ones are less welcome, there will be great consolidation into a few existing coins and a few new ones to come. No one will take the risk on new coins easily once most tedn to wither and die.

Monero has a lead for being perceived as honest and unflashy.  And it has a use-case.   As long as the use case is required it will be hard for other coins to take over its place.  Optional privacy may be added to other coins, but Monero's privacy by default is the only way, so it has a good chance of being one of the 'few' to make it.

I bought monero because I liked monero. Unfortunately it refuses to do anything other than follow bitcoin around everywhere it goes like some sort of lost puppy. It's stupid and annoying but it is what it is. So anyway, the point being, it looks like its going to depend a lot on what bitcoin does. It might outperform bitcoin. We can hope it does of course. There are good reasons to expect that it will. But it doesn't look like its going to climb in value unless bitcoin does also. So you want to figure out how well monero is going to do in 2018? First figure out what you think bitcoin is going to do.

I almost wish bitcoin would die, even though the price of everything in the sector would crash, just so that everything could break free and we could have a dynamic and competitive market with internal relative price discovery. You know, so that the good projects  could actually be separated from the bad. So that the crypto sector could improve based on bad projects dying and good ones absorbing their capital. Instead we have an entire sector that moves togather in one direction or the other irrespective of whether the individual projects are actually garbage.

Frustrating.

Like 1000 USD or higher? I still think 1000 is possible in 2018

2019 is the year. Emissions falls silly low.

I expect explosions

You bullish for 2018 my man?

It's actually a complement towards Monero on their part. They reckon that Monero is just that bad ass that it will survive the heat death of the universe.

Year ∞.  Which is ∞ years after the heat-death of the universe is posited. As to where, I would suggest the conformal point at  ∞.

The last time a duck came in was Kwukduck around Jan 5th as he seemed to get all excited about coins like Verge and some POS thing 'surpassing Monero'

The low that day was around 0.020 - but for the next five days we had big green candles and then ran up up to 0.032...  Epic troll fail.

Haven't seen wankalone for ages either, I guess he shorted himself out of the game, too. 

So let's give the sad misguided ducks and wankers a few bread morsels - with their record, we probably need to encourage them. 

I agree. If we can learn anything from what forks have done to Bitcoin, then we can rest assured every fork of Monero will only gain more recognition for the true coin. I am holding my very small amount of Monero, happy with the price, and will not even bother taking any of the fork coins. Just a real waste of effort for something that pretends to be better but is just what it is. A fork coin with only an aim to make lazy money.