Topic: [XMR] Monero Speculation - page 790. (Read 3314343 times)

Not at all. Price was from $18-25. I guess that is normal Monero price. Nothing unexpected happened. Development is just steady and solid. Yes there was successful launch of GUI2, but that was expected.

has XMR been in heavy accumulation last couple of weeks while the other top coins pumped like crazy?

I am expecting sub 0.018 on xmr now. All alts need further correction I will buy xmr at sub 0.016-0.017.

that would be a ~ 1 month high, not ATH.  ATH is currently 0.0265 from about 7 months ago.  It was due yesterday, but for some unfathomable reason, rangedriver missed the timing.  I know.  I can't believe it either.

Naturally, you're all forgetting that scientists are 25 years away from creating the first molecular assemblers, and 100 years away from creating the first atomic assemblers.

In the first instance, molecular assembly, it is indeed possible to 'photocopy' and 'assemble' any material object providing you have the necessary starting elements. In any capacity (including weaponised and/or generated from the funds of national governments) this would inevitably lead to economic catastophe by way of the ease in being able to 'print' unlimited amounts of paper money, along with other intricate valuables, while leaving only the elements themselves (most notably gold and silver).

This is 25 years away.

In the second instance, atomic assembly, there is no need even for a portfolio of base elements as each atom would be generated from a standard abundant element as required (e.g oxygen etc). In this scenario, neither gold or silver is spared from replication, thus leading to total material-as-storage-of-wealth destruction, and while this would theoretically lead to a 'post-scarity economy' of infinite material abundance, it would still leave a gaping hole for economies that cover the service sectors and any other human faculty of labour not represented by physical things (e.g governence).. hence, the global monopolisation of crypto-currencies, as theoretical stores of wealth that are immune from replication.

So yea... Bitcoin... Monero... Good time to buy.

Happy Saturday Everyone.

At least you didn't get "Dash flunky".

Slow bleed, so far, looks like about right... it was at 1/3 when I wrote the above, and as of today about halfway now.

Wish I was brave enough to short this shit back the rest of the way but LOL what aminorex said about just feeling slimy dealing *at all* with any of this is right on point & principle too.

Better just sit back & watch the sideshow and hopefully just enjoy the inevitable XMR improvement rising.

Looks like we have a short term reversal. Xmr is holding very well in the midst of the btc recovery. I expect ath 0.023 in the next month.

I'm a rare kind of guy scammer!

NEM follower?  Quite a rare tag

Sorry, but putting 80% of your portfolio into precious metals/mining is a terrible idea. Maybe it makes sense as some sort of short term play if you feel that there's going to be a serious financial crisis, but even then, 80%?

Gold is going only one direction long term, down. Smart people do not bet against technology.

The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade.

According to the South China Morning Post the new office was part of agreements made between the two neighbours "to seek stronger economic ties" since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy.

The new central bank office was opened at a time when Russia is preparing to issue its first federal loan bonds denominated in Chinese yuan. Officials from China’s central bank and financial regulatory commissions attended the ceremony at the Russian embassy in Beijing, which was set up in October 1959 in the heyday of Sino-Soviet relations. Financial regulators from the two countries agreed last May to issue home currency-denominated bonds in each other’s markets, a move that was widely viewed as intended to eventually test the global reserve status of the US dollar.

Speaking on future ties with Russia, Chinese Premier Li Keqiang said in mid-March that Sino-Russian trade ties were affected by falling oil prices, but he added that he saw great potential in cooperation. Vladimir Shapovalov, a senior official at the Russian central bank, said the two central banks were drafting a memorandum of understanding to solve technical issues around China’s gold imports from Russia, and that details would be released soon.

Slow bleed back.

The bigger shorters have been properly burned (their closing buys made the top between 100 and 120$) and they will not be going back in anytime soon. Therefore the price can slide slowly without 'passengers', and without wild swings as shorts won't come in and out.

Sorry, but putting 80% of your portfolio into precious metals/mining is a terrible idea. Maybe it makes sense as some sort of short term play if you feel that there's going to be a serious financial crisis, but even then, 80%?

Gold is going only one direction long term, down. Smart people do not bet against technology.

do you feel the BTC fork is inevitable or will this somehow get resolved?  And how will both possible outcomes affect the price of Monero in USD terms?

Great post.  Do you mean direct ownership of (Chilean) farmland or are there ETFs you like for that?

My father is almost ready to retire and I want him to take a lump sum because I don't trust the solvency of his pension system any more than the Dallas PD's.

Considering this allocation for him:

20% gold bullion
20% silver bullion

16% safe jurisdiction PM miners
24% riskier jurisdiction/high dividend PM miners/royalty streamers
10% high dividend energy

5% Bitcoin
3% Monero
2% Litecoin

I guess you'd say 50% long equities is too much exposure to market counterparties/failures?

BTW, welcome back!  

Price of Chilean farmland has just jumped 20%.

Damn, I got 'Litecoin professional'  I hold zero LTC.  I was hoping for a more interesting one than that!  Had my fingers crossed for XMR fanboy

You know dude I am on a party where a bottle of champagne costs $2000 and the Imperial lounge sets you back $250k (if full = 4 people). My lounge is worth about $100k and I just do not care about graphics I hope you understand. I care about my kids and wish that is happening soon.