Topic: [XMR] Monero Speculation - page 568. (Read 3314316 times)

With less coins spread over more exchanges and XMR in rude health, I wouldn't rule another spike out.

Spikes in the XMR price used to be twice a year, but we're in the top 10 market cap and (arguably) worthy of a higher position in it - and rises have become more frequent with floors staying higher after them. 

I think Q1 2018 will be great for ALL crypto, as finally it is looking increasingly likely ETFs will be approved for BTC - meaning the big fund money is coming.  A 'front-run' move to accumulate coins that are likely to be at the head of the pack ahead of this must reasonably be a possibility on the cards.

The smallest bit of positive XMR news will see upwards pressure on price at a time when there simply are not enough to go around. 

So Rangedriver is not talking out of his hat about 'silly' prices - a move up is entirely plausible at ANY time.  Don't be caught short, IMHO.

Yes would be interesting to see XMR slingshot up.

Some old timers here have predicted this by end of October.

Looks like we have de-coupled from BTC in one respect.

In the last couple of weeks the XMR/BTC price has risen with (and fallen with) BTC's rises and falls.  Now we seem to be back to a BTC up, we go down in terms of XMR /BTC and vice versa.

This is more 'normal' and means a more stable XMR /USD price, but it does mean those of us who hold both are not suffering the double whammy when BTC dips, although we are potentially losing out on BTC rises of course.

I would prefer XMR to set its own price in USD, as I do think the upside, with the (as CP's post above mentiones) emission reduction, is looking good.

Now we might be able to see XMR slingshot up with some positive news and not be held entirely to what BTC does.

Yes the sharp drop in emission during 2017 and 2018 will be fueling the price rise and stability of the price.

Usability is improving rapidly, and just 2 minutes ago, the block reward got smaller.  Oops, there it goes again!  Get 'em while you can 

It is interesting to observe that after the last pump and correction XMR has stabilized around above 100 USD pretty nice. We will see if this floor can be the basis for another jump when light wallets and other updates and news follow.

Looks to me like we have a test of support @ the late 2013 high ahead of us, then some consolidation, before further ATHs.

Of course it did but not in the order of magnitudes he is talking about.

Edit: w00ps had this page up too long without refreshing.

Not a significant effect, no.

To be clear, I'm talking about the major price movements the coin has seen. XMR only had a few.

The ones I can remember were:

1. The Mintpal pump
2. BCX FUD (dump)
3. Risto's accumulation announcement
4. The SIGAINT endorsement and AlphaBay news
5. Riccardo's "big news" announcement
6. Bithumb announcement

It's also worth pointing out that none of the above ever amounted to anything. The XMR price dumped as soon as Mintpal listed it, BCX never had an exploit to begin with, Risto's announcement was probably hot air, XMR did not take over AlphaBay, Fluffy's "big news" wasn't that exciting after all, and the Koreans on Bithumb didn't bid the price to the moon.

Meanwhile (and contrary to wild predictions), LMDB, the GUI, RingCT and other major developments were met with relatively unimpressive price movements.

The takeaway: If you want to move the price, nothing beats good old fashioned bullshit.

One thing I find it hard to remember always is that humans are REALLY BAD at dealing with exponential increases of things.

We just have so little experience with it, that when something like crypto-currency comes along once in a lifetime, it simply can't compare "long term" to anything we are used to. So we fall back in the rut of looking at recent changes and thinking that's the whole picture.

But you gotta REALLY LOOK AT the wide-view from time to time, step back and see the whole thing.

Log-Scale charts help with that, I think -- for example here's bitcoin log-scale zoomed out FIVE YEARS 'way back from nearly the beginning until TODAY:



Doesn't look like so much of a big scary recent-bubble, "OMG OMG, we are up so much it's just gonna have to crash soon !11!!!11!!" from this POV now, does it?

LOL    

Yes, anyway... sure, sure... we could be starting a downturn, nobody can know for sure.

So, personally I'm gonna keep a very close eye on everything (even more than usual) next couple weeks, and IF we dip too far into the $3K range on BTC, $400's on BCH, and/or back under $100 on XMR (just ballpark off the top of my head) yeah then I'll consider the (maybe?) bearish trend starting here, and maybe then move some profit from crypto into something like SILVER *but* certainly not dollars, yuk.

But failing that, for me, this "lull" now after hitting $5K is still too little too soon to really call the running-bull rally as "over" yet...


P.S. {Edit}


Agree about Clif and his web-bot... of course, he doesn't get everything right (nobody does) but overall IMHO his big-picture stuff has been amazingly spot-on accurate. And one thing he's been sticking to -- without a single waver at all for over a year -- has been the 'bots call for BTC at $13,800 around next February 2018. 

So unless we see a major, major dip that hits hard & fast across the board, and one that damages ALL coins (Monero included) I'm personally gonna really try hard to HODL TIGHT for at least these next six months, at least just to see if this BTC at almost $14K prediction *does* come to pass, and not miss the train IF it does... choo-choo LOL

Actually the dollar is going up and jobs are coming back with Trump’s threats to heavily tax businesses outsourcing jobs, so at the moment the economy is getting better.

You don't think the GUI had an effect on Monero's price? I do.

Crypto markets are fueled by FOMO. People don't buy because "oh yay XMR finally has feature X, time to buy." They buy because "holy shit it's now or never." Hardware wallets might make more investors comfortable the next time that "holy shit" moment comes, but the feature itself doesn't create that imperative.

Important reminder to all miners: you still have about 4 days left to update your daemons to 0.11.0.0 before the fork. Updating is mandatory, 0.10.3.1 will be forked off the network at block 1400000.

I've been playing long on XMR since literally June 2014, so ~100 dollars to me is no big deal at all. Hell, I'd not worry at 25 USD, i'd simply buy even more.

We have a hard fork coming, new binaries, new fixes etc etc.... Ledger support someday I heard too... I see good things ahead. 

Anyhow, I'm estimating an ATH of 180+ before end of the year.  [Fake remind me button here]

Disclaimer - I am simply guessing, do not take this as investment advice ever!

This is an interesting time.

In the short term markets tend to move quickly and contrarily to investor sentiment.  Thus the elevator shaft from BTC 49XX.  The sentiment is trending bearish now.  I wonder if the faithful are putting their money where their mouths are.

If we truly believe we might be entering a bear to 3800 or 2800 or beyond... why would we stay in Crypto?  It is far more profitable to sell for USD, pay the taxes and buy back in next year at 70% cost or perhaps half price.

A more cynical way to put it is, sometimes it seems like markets do the thing that will hurt the MOST people.

Assuming that cynicism is even partly true... What would that be right about now?

Guys what do you think about monero right now? it has been quiet for more than a week, it has a lot of potential to recover and go to $150 again.. This issue with china governemnt are killing altcoin's prices.
But i really trust in monero, it can recover soon, what do you think guys? it is a good opportunity to buy right now or not?
I bought 0.30 monero yesterday, i dont know if should i buy more or not.

This exactly how I feel. We ain't seen nothing yet.

Precious metals are a nice store of value and perhaps insurance for bad times but they have lost a lot of appeal lately.

I think that Clif High is to be taken with a grain of salt but some of his statements are good food for thought. He says that a lot of people invest into crypto thinking that they at some point will go out with a lot of dollars but that very soon nobody is going to want to get out of crypto anymore as the dollar will be less desirable.

I am not planing going to go out of XMR anytime soon, even if we see a strong correction. I am in for the long run, it is my categorical imperative.

That's mostly true. However, I'd like to believe that in the case where a currency, such as Monero, has had no light wallets and no hardware wallets for its entire existence (absent one or two unofficial ones), this news might make more than a splash.

Perhaps I'm overly optimistic, but, as rangedriver has pointed out previously, hardware wallets, in particular, are the sine qua non for HNWI investors. That alone might give the market monero's price a much-needed giddy-up.

It's worth noting that the crypto markets don't respond much to new developments (at least not directly), but more to announcements of third party adoption by exchanges and marketplaces. This has been observed with pretty much every major XMR movement since its inception. That said, I'm confident new developments play an important role in driving third party adoption.