Author

Topic: [XMR] Monero Speculation - page 434. (Read 3313670 times)

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
December 16, 2017, 09:00:40 PM
Fixed:

Stinking polo screwed me again today, put a long in at .01680020 .01800020 and it filled and immediately cancelled as the price spiked. They are such fucking scammers now. I wouldn't doubt they are controlling the P&Ds as they are so much more pronounced now even with such a large market cap.

jr. member
Activity: 48
Merit: 10
December 16, 2017, 08:42:39 PM
Hey, has anybody used the mobile wallet "monerujo" (https://play.google.com/store/apps/details?id=com.m2049r.xmrwallet)? I'm due to move most of my XMR off the exchanges and I'm not in a position to host a full node, nor do I have enough that I would bother with cold storage.

Monerujo is open source and as reliable as it gets. It's just a wrapper for the regular Linux wallet anyway. The Monero subreddit recommends Monerujo and warns that Freewallet is a scam.

For long-term storage, you could create a written paper wallet using an offline address generator, so you don't need to connect to the blockchain at all. Of course you can't check your funds on a block explorer - that's a downside of Monero's anonymity in this case.
sr. member
Activity: 243
Merit: 250
December 16, 2017, 08:16:55 PM
Yep, I'm just being very conservative. I think a near term price of multiple thousands would require some significant improvements in usability and privacy, however. Beyond just the space savings of bullet proofs, Monero transactions need a larger anonymity set. I don't think that the current ringsizes are sufficient for truly inscrutable privacy.

I haven't heard much about RuffCT/RingCT2.0, or whatever it's called now. If I remember correctly, using the entire blockchain as an anonymity set was mentioned at one point. Any news in this area?
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
December 16, 2017, 08:13:09 PM
This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.


Cool stats, they match my sense of what is happening.  I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero.

You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark.  I am having to adjust my trading stance accordingly...  Wink

EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems

It doesn't hurt that the WO moderator moonlights here.  Smiley
legendary
Activity: 2016
Merit: 1259
December 16, 2017, 07:58:33 PM
Monero still underpriced. I'm not totally certain that it will exceed Ethereum by market cap, but certainly Monero deserves to be above things like Ripple and Bcash. Given that Ethereum is over $65B, Bcash and Ripple are each around $30B, I see a $50B market cap for Monero as totally realistic. Ledger wallet, multisig and bulletproofs are all yet to be priced in, so $1000+ before October 2018 is quite likely, in my opinion.

So, you are expecting Monero to increase 3x the current price in the next 10 months?  When was the last time growth was that low?  Think about what it has averaged for the last 2 years and if you want to be conservative discount that number.  My gut feel is we should see a 7 to 15 times increase from now over the next year if the following happen as planned and no really catastrophic events derail things.

  • Bullet Proofs is implemented successfully
  • Kovri
  • Coinbase adoption
  • Multisig and major DNM adoption

If all of this comes through, I can't imagine we would not increase 10x by the end of 2018 and if we meet the $425 projection I've seen talked about by Christmas, that would be $4250. I will have 2 very Merry Christmas's in a row at that point!

I will hold that as a conservative vision, if bitcoin does big things (that are not complete crashes)  CMC  US$350 hit in the last hour... 425 is clossssse...
full member
Activity: 227
Merit: 100
December 16, 2017, 07:53:12 PM
Monero still underpriced. I'm not totally certain that it will exceed Ethereum by market cap, but certainly Monero deserves to be above things like Ripple and Bcash. Given that Ethereum is over $65B, Bcash and Ripple are each around $30B, I see a $50B market cap for Monero as totally realistic. Ledger wallet, multisig and bulletproofs are all yet to be priced in, so $1000+ before October 2018 is quite likely, in my opinion.

So, you are expecting Monero to increase 3x the current price in the next 10 months?  When was the last time growth was that low?  Think about what it has averaged for the last 2 years and if you want to be conservative discount that number.  My gut feel is we should see a 7 to 15 times increase from now over the next year if the following happen as planned and no really catastrophic events derail things.

  • Bullet Proofs is implemented successfully
  • Kovri
  • Coinbase adoption
  • Multisig and major DNM adoption

If all of this comes through, I can't imagine we would not increase 10x by the end of 2018 and if we meet the $425 projection I've seen talked about by Christmas, that would be $4250. I will have 2 very Merry Christmas's in a row at that point!
sr. member
Activity: 243
Merit: 250
December 16, 2017, 07:32:43 PM
Monero still underpriced. I'm not totally certain that it will exceed Ethereum by market cap, but certainly Monero deserves to be above things like Ripple and Bcash. Given that Ethereum is over $65B, Bcash and Ripple are each around $30B, I see a $50B market cap for Monero as totally realistic. Ledger wallet, multisig and bulletproofs are all yet to be priced in, so $1000+ before October 2018 is quite likely, in my opinion.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
December 16, 2017, 04:18:28 PM
For now a combination of software wallets and cold paper wallets are working for me, so I really don't want to put down 50ish dollars for something I don't need. Like I said, I really don't have enough to bother with a cold or hardware wallet (I know, words of somebody who will later be upset that he lost it), but I'm holding for the long term so I figure that I'll get it on a wallet that I control the private keys.

For cold storage a paper wallet can be as secure as a hardware wallet.  More so, actually.  A paper wallet has ONE attack vector.  The hardware wallet shares that vector and adds the small additional vulnerability in that someone could hack the wallet etc.

I LOVE the nano s.  And use it as my chilly-wallet. Smiley.  I look forward to the completion of the Monero code for it. But nothing really beats a properly created paper wallet for just security.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
December 16, 2017, 04:13:07 PM
Hey, has anybody used the mobile wallet "monerujo" (https://play.google.com/store/apps/details?id=com.m2049r.xmrwallet)? I'm due to move most of my XMR off the exchanges and I'm not in a position to host a full node, nor do I have enough that I would bother with cold storage.

Don't use unknown third party wallets for Monero. You may lose all your funds there if they're scammer. Get a ledger nano s and they have monero wallet inside. Physical wallet is very safe if you have too much monero.

I understand the mistrust.  Kind of.  But It's open source and you can put a small amount on it...

But as to the Nano S...  I own one.

There is no Monero wallet for it yet.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
December 16, 2017, 04:11:21 PM
Hey, has anybody used the mobile wallet "monerujo" (https://play.google.com/store/apps/details?id=com.m2049r.xmrwallet)? I'm due to move most of my XMR off the exchanges and I'm not in a position to host a full node, nor do I have enough that I would bother with cold storage.

Just bought a Laptop using it and xmr.to.  Works great.  The level to which you trust it is kinda your call.   It works with standard 25 word seeds so it can be the front end for a wallet on a computer as well.
sr. member
Activity: 504
Merit: 250
December 16, 2017, 03:17:27 PM
Hey, has anybody used the mobile wallet "monerujo" (https://play.google.com/store/apps/details?id=com.m2049r.xmrwallet)? I'm due to move most of my XMR off the exchanges and I'm not in a position to host a full node, nor do I have enough that I would bother with cold storage.

allegedly ok but you can run the gui / cli wallet connecting to a remote node quite safely as well. no need to run a full node.
I guess you learn something new every day. I'll look into that instead, I didn't realize you could do that.

---
Get a ledger nano s and they have monero wallet inside. Physical wallet is very safe if you have too much monero. ...
For now a combination of software wallets and cold paper wallets are working for me, so I really don't want to put down 50ish dollars for something I don't need. Like I said, I really don't have enough to bother with a cold or hardware wallet (I know, words of somebody who will later be upset that he lost it), but I'm holding for the long term so I figure that I'll get it on a wallet that I control the private keys.
full member
Activity: 280
Merit: 100
December 16, 2017, 03:11:10 PM
Hey, has anybody used the mobile wallet "monerujo" (https://play.google.com/store/apps/details?id=com.m2049r.xmrwallet)? I'm due to move most of my XMR off the exchanges and I'm not in a position to host a full node, nor do I have enough that I would bother with cold storage.

Don't use unknown third party wallets for Monero. You may lose all your funds there if they're scammer. Get a ledger nano s and they have monero wallet inside. Physical wallet is very safe if you have too much monero.
sr. member
Activity: 522
Merit: 266
December 16, 2017, 03:06:35 PM
Hey, has anybody used the mobile wallet "monerujo" (https://play.google.com/store/apps/details?id=com.m2049r.xmrwallet)? I'm due to move most of my XMR off the exchanges and I'm not in a position to host a full node, nor do I have enough that I would bother with cold storage.

allegedly ok but you can run the gui / cli wallet connecting to a remote node quite safely as well. no need to run a full node.
sr. member
Activity: 504
Merit: 250
December 16, 2017, 02:59:50 PM
Hey, has anybody used the mobile wallet "monerujo" (https://play.google.com/store/apps/details?id=com.m2049r.xmrwallet)? I'm due to move most of my XMR off the exchanges and I'm not in a position to host a full node, nor do I have enough that I would bother with cold storage.
legendary
Activity: 2744
Merit: 1288
December 16, 2017, 08:01:00 AM
This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.


Wow that is some amazing growth. Do you think word count for XMR on r/darknetmarkets has grown significantly since this tweet? https://twitter.com/TuurDemeester/status/871186071358328832

Number of Monero redditors went up by x4 in that time while Bitcoin redditors only doubled. Bitcoin is for sure losing its dominantions on darkmarkets. Reason for that beside that is not anonymous is also that have at some points huge fees.
I monitor only their reddits and see there is way more talk about Monero then was before. ZCash is rarely if ever mention. There is more talk about Ethereum or BCash then ZCash.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
December 16, 2017, 05:34:55 AM

...Crypto always surprises me with the scale of its momentum, and of its volatility....


You can put this on my headstone. Smiley

I've been a coinbase customer for four and a half years.  Coinbase is under the thumb of financial authorities.  Recently Coinbase acquiesced to an IRS subpoena for customer records.  Coinbase could have appealed, but they gave in.  Coinbase is such a big, fat target that they are probably afraid to add a coin like Monero.  All the bulldogs and retrograde anti-crypto buttheads like Feinstein and company would be on Coinbase like flies on shit.  Coinbase isn't going to add Monero any time soon.

I disagree.  I understand the sentiment, but in reality AML/KYC compliant exchanges are the governments BEST vector for tracking a true privacy instrument like Monero.  At least then the government can prove the purchase or sale of XMR.  The FEDs should be begging Coinbase to list Monero.

Secondly the view key gives Coinbase the ability to allow for full auditing of their wallets.

 

This.

Bitpay going over to Bcash news is concerning for the CC market's flagship coin.

It does highlight the fees / transaction issue starkly.   I am still pro-core, but they need to get their shit together now.  Segwit was agreed, but it isn't being adopted and isn't even anywhere near a transaction default.  Or a default in wallets.

Exchanges are under huge strain, a lot of new weak hands are in, we are one clusterfuck scandal (tether / major exchange issue / legislation FUD / whatever) away from potential dark times the MSM will leap on.

BTC getting Segwit out properly would help. A lot.  Sorry to be dark, chaps - Monero is going well, but we ride the waves, we don't control them.



You have that right, I was a fool that thought segwit2X would be a given. Doh

legendary
Activity: 2702
Merit: 2053
Free spirit
December 16, 2017, 04:16:02 AM
we ride the waves, we don't control them.

Rule, Monero! Monero rule the waves.
Monerists never shall be slaves.

On the other hand, they will pay high fees: https://bitinfocharts.com/comparison/transactionfees-eth-bch-ltc-xmr-zec.html

Interesting it is, that we have 64x the Reddit subscribers that bch has, but only ¼x the transaction count.


I think we have a lot of closet followers.

Come on guys, SHUM



EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems

Yes this is what I was saying the other day. Also creeping into all their videos and links. Its like watch this great BTC vid and near the end they always go "oh and lets take a quick look at this other promising coin Monero"
full member
Activity: 308
Merit: 109
December 16, 2017, 03:18:50 AM
This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.


Looks like Moneros hairy balls are finally gaining more attention than Amandas shiny tits.

And we can boost this up even more. Monero community is wealthy enough to fund an produce, lets say a two minute commercial on youtube. Two minutes is enough to handle scalability, security, untreacibility, fungibility, and the most essential, the privacy by defaul vs. optional privacy.

Lets run this on youtube as commercial and boom.
full member
Activity: 154
Merit: 100
December 16, 2017, 03:03:53 AM
This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.


Wow that is some amazing growth. Do you think word count for XMR on r/darknetmarkets has grown significantly since this tweet? https://twitter.com/TuurDemeester/status/871186071358328832
legendary
Activity: 2016
Merit: 1259
December 15, 2017, 09:18:08 PM

The Moon.  It is black and orange  Wink

Ha!  Well spotted.  I can see it peeping through the curtains.

Nite all, am in european timezone... 

/crypto day

I'm in crypto time zone.  No, I never sleep.
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