Topic: [XMR] Monero Speculation - page 758. (Read 3314330 times)

First great that you keep posting, don't feel responsible for other people's (financial) decisions. You are never right whatever you write. As a non-native English speaker I never have to use the dictionary as much as with your posts. They are great reads.

The quoted above I can't figure out though, how do these two facts link together? Do you mean the Bitcoin price is inflated because of Bitfinex' banking issues, and Monero being more connected to the XMR/BTC rate than the XMR/USD rate (causing the USD value of Monero to temporarily go up)?


Edit: Or is it the USD profits of the Bitfinex arbitrage opportunity flowing into Monero (via the still to them available Taiwan banks that would be)?

Yet surprisingly bubbling, why?

So my 25usd June estimate was pessimistic.  Probably I should have accounted for the arbitrage of the bitfinex gap.  Strangely, all of my evidence-based estimators of XMR f.m.v. indicate that even the current unexpectedly high clearing price is undervaluing XMR.  My newly calibrated f.m.v. estimate is 32usd.  Probably it will take a while to catch up to that, however, since some sort of profit-taking cycle should usually occur after a run-up.

Perhaps the strongest pessimistic counter-argument in my head at the moment is "sell in May": In a broad asset deflation, everything gets sold, and given current ratios in U.S. equities (valuation and leverage), any summer slump could easily become a contagious rout.  But if crypto really is becoming a diversification asset (even in a very small but still meaningful relative to BTC market cap way) that pessimistic argument will fail dramatically.

Anyhow, I am not comfortable reducing exposure here, despite the recent run-up.  Usually, after a run-up, I would just shut up (to avoid my loose lips harming people who might sell too much, and miss out on longer-term gains), and would go more into btc with my trading stock, but this time I think it is probably best to stay at the high end of my exposure range.  Not only market conditions, but also technical developments seem biased bullish in xmr, while btc seems to be enjoying undue complacency regarding scaling and governance problems.

Or this one!

https://www.youtube.com/watch?v=RHg8qIKJo1I

LOL this one for me just never gets old...

They may speculate and profit from the offerings in the poloniex market

I don’t think (at least as far as I am aware of) that there is a hardware wallet in the making for Monero. I do think it would be nice to have a hardware or light wallet available, perhaps sometime soon we’ll see one.

Here you go.

https://bitcointalksearch.org/topic/m.18896526

Most likely not this year.
Tresor is now working on new version and only after will be made will start putting interest into adding new coins. Ledger is not sure what doing it has it on their road map but without any date. 
I think Ledger said that they would start doing it if they have grantee to sell 1000 Ledger wallets. You could search for that info somewhere.

Any idea when the hardware for a wallet will be available?

Hey thanks! That would be great. I have been playing around with the GUI beta 2 and have not been able to figure out the right procedure for cold storage.

It is already possible to do cold storage signing of transactions with monero-wallet-cli AND the new GUI beta 2. However this is a new feature and there is little to no documentation on how to do so, apart from some guides on monero stackexchange. I'll see if I can put a quick guide together over the weekend (for GUI. anyone motivated enough to use cli these days should be able to figure it out).

But you can do cold storage just not multisig yet - just generate an address using code from https://moneroaddress.org/ offline and fund it. I have done this a few times and have never lost anything.

Good question. There is no hardware wallet for Monero yet. If you want to use the GUI just use a strong password and set up by the guide here. It would be great if there were a way to do cold storage with two computers like we used to do with Armory before Trezor came out.

On your computer. Download/sync the blockchain using the latest binaries - once you have it synced, backup either your seed or your .keys file. I'd do both. You don't ever need to worry about your wallet once you have the seed you can always restore it from scratch. I've had one wallet for 3 years now and despite a few corruptions and issues, I've not lost anything, and it's just another reason I think XMR is ahead of BTC. Thanks.

Edit - here you go - gui2

https://getmonero.org/2017/03/29/monero-gui-beta-2-released.html

Edit 2 - Thank you Bitcoinnewsmagazine - https://www.monero.how/tutorial-how-to-use-the-monero-gui-wallet

Where is the safest place to hold coins? Instructions on how to set up wallet would also be great I am using a mac..

I think so... maybe this is more appropriate?

Or on the flip side someone wants to keep the price down below the ATH to form an ascending triangle thus the blow off will be that more epic. The more pressure builds in sideways movement the higher the pop will go IMO.

Perhaps there is no analysis. Just pump kids pumping their coins. Nothing to analyze about that.

Fluff the magic dragon? 🐉 😃