You would be crazy to own crypto and not have at least a few Monero in your portfolio.
Its very unlikely you would go bust, and the upside potential is huge. I'm still predicting $15 by the middle of this year.
Topic: [XMR] Monero Speculation - page 850. (Read 3314350 times)
@ Johnny Mnemonic, I agree, there is no point in continuing this conversation. It is not productive.
My other post was just deleleted, perhaps for editing yours, so I am reposting a clearer version in my own words only.
Be well
My other post was just deleleted, perhaps for editing yours, so I am reposting a clearer version in my own words only.
Be well
Do you think we will see a major Monero rally (in terms of bitcoins) this year?
With my limited knowledge I think it's very possible or even likely but it depends very much how BTC will develop and of course other factors like coinbase adoption, hard wallets (perhaps a minor factor) etc.
It's fascinating how stable Monero has been in dollar terms recently.
Sometimes I think that a symbiosis between BTC and Monero would be perhaps even more favourable than just Monero dethroning BTC because BTC would give Monero and extra layer of protection from regulatory powers. Any thoughts on that?
My speculation is that their canary died and they needed to come up for air.
Yes, the coincidental timing of the FBI's disclosure of interest and Jaxx's sudden lack of interest fairly reeks of malfeasance.
But let's not forget what happened the first time jackbooted thugs tried poking Honey Badger with a stick....
Just wait for Schumer Effect to kick in!
Bitcoin: With Enemies Like Schumer, Who Needs Friends?
June 7th, 2011
Quote from: Kevin Carson
"Actually, Schumer’s Barney Fife act could be the best thing that ever happened to Bitcoin. Back in March, an earlier target of Schumer’s grandstanding was Fuzz Alert, a smartphone application that alerts drivers to speed traps, speeding and red light cameras, and sobriety checkpoints. After Schumer drew attention to the app, its sales doubled.
Maybe he can do a similar favor for the darknet economy. The more he vents his impotent rage, the more public attention he draws to the fact that government attempts to suppress Silk Road and Bitcoin are, well, impotent.
A lot of people out there would like to engage in peaceful trade — even in violation of government commands to “touch not, taste not, handle not” — without the state’s permission, surveillance or taxation, who may not yet be aware things like Bitcoin and Silk Road exist. The more and more loudly you protest, Senator Schumer, the more economic activity will move beyond the reach of the corporate state. So by all means, bluster on! Command the waves to advance no further. Show people everywhere, beyond the shadow of a doubt, just how contemptible your so-called laws really are."
Maybe he can do a similar favor for the darknet economy. The more he vents his impotent rage, the more public attention he draws to the fact that government attempts to suppress Silk Road and Bitcoin are, well, impotent.
A lot of people out there would like to engage in peaceful trade — even in violation of government commands to “touch not, taste not, handle not” — without the state’s permission, surveillance or taxation, who may not yet be aware things like Bitcoin and Silk Road exist. The more and more loudly you protest, Senator Schumer, the more economic activity will move beyond the reach of the corporate state. So by all means, bluster on! Command the waves to advance no further. Show people everywhere, beyond the shadow of a doubt, just how contemptible your so-called laws really are."
6 months later....
THANK YOU SCHUMER
January 26, 2012
Quote from: Amir Taaki
For those of us who had been with bitcoin since early on, we would become excited at the smallest appearance of bitcoin in the press. We all knew the amazing ramifications of this cryptocurrency (or commodity), and were awaiting that inevitable breakthrough that came a few years early with Schumer’s announcement. It was not the right kind of press we were hoping for, but press is press. And while dealing with the moral panic, it gave you a platform for expounding on the social benefits of bitcoin.
Nope, I am saying that this is not the whole story, lacks context and is basically a 'hit piece' on Jaxx...
That's fine. My comment was regarding your dispute of 'reality' which implied the facts were somehow different. But we can discuss context as well.
...that avoids mentioning the fact that Fluffy, who everyone expected to get it right (so he didn't have to announce anything, it was simply assumed it would be done right), royally fucked it up too and happened to be advising them.
Important question: did Jaxx take Fluffy's (free) advice to piggyback off MyMonero's backend, and that's why their software broke?
If not, then I don't see how MyMonero's difficulties has anything to do with Jaxx delaying for months and ultimately failing to deliver.
And is still advertising the site as 'The Simplest way to use Monero' with a warning banner that may or may not appear in your browser (just clicked there now and it did not), and arguably caused more short term damage to Monero's credibility than Jaxx did, and is still accepting new deposits from people, some of whom end up over on reddit asking for help to access their Monero from the site that is still borked.
Irrelevant. Whether true or false, none of this has anything to do with Jaxx.
He has subsequently admitted his mistake, as have Jaxx, and I am saying 'Drop it, move on, the people that needed to learn have learnt and nobody needs to be crucified here'. Get it ??
Fair enough, but do you really think we are crucifying anyone more than they already crucified themselves?
And this crap about Jaxx bringing it on themselves - sure, they fked up with that reddit converstaion when they struggled at the start, but it is clear that people more involved than you or I were able to move past this and continue assisting, yet most people here still cant see past that initial interaction and use it as a blinkered excuse to vent. Thank god you do not play a more senior role in this project or your grudges would bring it to its knees.
This comment actually made me smile. It's interesting how little changes with regards to the inner workings of small systems, communities and organizations versus those of a larger scale. I'm talking specifically about things like control, influence, and the general game theory involved. But that's a tangent.
I have no grudges toward Jaxx. I couldn't care less about their closed source integration, as it contributes very little to the community or the technology. On the other hand, MyMonero as an open source platform that third parties can incorporate and contribute to sounds much more promising for the ecosystem.
So you poked me enough to speak out for you. Well done, how courageous ... I hope you are happy now. Do you feel like you won something?
I'm quite satisfied that you actually stated your thoughts on the matter instead of your previously cryptic disagreement.
@ DaveyJones ... they paused the integration AFTER RingCT
There was plenty of red flags and delays well before the fork. In fact, people were predicting this exact turn of events after Di Iorio's update in November: https://www.reddit.com/r/Monero/comments/5dsqrf/jaxx_monero_integration_update_3/
Apologies to fluffy here, but I think it is wrong for certain members of the community to be shouting at someone outside whilst not looking inside too, and the accusation that I am the one with blinkers on here is ridiculous. People are simply too weak to speak about the other side of the story and risk offending you after all you have done, and continue to do. Personally, i think you have enough self-awareness and a thick enough skin to deal with it, and value truth, and Monero's future, over unspoken ass-kissing.
If we are not able to cast critical eyes inwards aswell as outwards there is no hope. Monero deserves better than that.
If we are not able to cast critical eyes inwards aswell as outwards there is no hope. Monero deserves better than that.
Your main point here, and elsewhere, seems to be that people are criticizing Jaxx's Anthony Di Iorio but not FluffyPony, thus engaging in "unspoken ass-kissing."
If you can't see the differences in how these two have behaved, not to mention the differences in their position and obligations, then there's no point in having that conversation.
It seems so many investors are pussies. Governments and central banks can't shut down cryptos but they can sure bring the price down. Two exchanges in China freeze withdrawals for a month in order to implement new security measures and investors are crying about bans and the price of BTC crashes. It's ridiculous.
This regulatory measure might be a good thing by eliminating ponzi schemes within these chinese exchanges and thereby reducing volatility and might be even an indication of China planing to officially legitimise BTC and therefore improving the infrastructure beforehand.
This regulatory measure might be a good thing by eliminating ponzi schemes within these chinese exchanges and thereby reducing volatility and might be even an indication of China planing to officially legitimise BTC and therefore improving the infrastructure beforehand.
I disagree.
First of all, the sellers are not investors but speculators.
To understand the market movements which tend to look irrational one need to understand the mass human psychology.
Let's assume there is a certain amount of speculators who have more bitcoins than they can afford to have (and this fact is known by all the market speculators - there is X number of "weak hands").
Even though the weak hands might get all of sudden some strength, the fact that stronger hands think there are weak hands, will cause a panic sells which will trigger also margin position liquidation procedures.
Therefore, by acting in a rational manner it is possible to make some extra bitcoins on your dollars if you decide to buy some during the time of a carnage.
***
Monero seems to hold its value currently pretty well against USD. We will see if this pattern will break or not... Now it is a great buying opportunity in Monero (and also in bitcoin) as the price of Monero in terms of bitcoins have dropped a few percents.
Do you think we will see a major Monero rally (in terms of bitcoins) this year?
It seems so many investors are pussies. Governments and central banks can't shut down cryptos but they can sure bring the price down. Two exchanges in China freeze withdrawals for a month in order to implement new security measures and investors are crying about bans and the price of BTC crashes. It's ridiculous.
This regulatory measure might be a good thing by eliminating ponzi schemes within these chinese exchanges and thereby reducing volatility and might be even an indication of China planing to officially legitimise BTC and therefore improving the infrastructure beforehand.
This regulatory measure might be a good thing by eliminating ponzi schemes within these chinese exchanges and thereby reducing volatility and might be even an indication of China planing to officially legitimise BTC and therefore improving the infrastructure beforehand.
Hopefully they'll jump on Monero, but they'd better learn about decentralized exchanges as well.
so, theres more PRC shenanigans and the Chinese exchanges are suspending BTC withdrawls.
Going to be interesting time for alts in general and XMR in particular.
Fun times
Going to be interesting time for alts in general and XMR in particular.
Fun times
is this when China learns about monero ?
so, theres more PRC shenanigans and the Chinese exchanges are suspending BTC withdrawls.
Going to be interesting time for alts in general and XMR in particular.
Fun times
Going to be interesting time for alts in general and XMR in particular.
Fun times
Should be working again now.
Yes I can also confirm that the weird problem on MyMonero that I reported on Reddit, here...
https://www.reddit.com/r/Monero/comments/5p24l4/my_monero_not_sending/ (<--- scroll down about half way, I'm KeyJockey there too)
...is now FULLY resolved and everything working fine.
MyMonero wallet balance and all transaction info is all correct now, fully matching to the GUI wallet, all A-OK.
So...? Seems to me if FluffyPony and just his couple guys, Lee etc, who are running MyMonero can fix all these "so difficult" problems after RingCT, especially with Fluffy's busy travel and speaking schedule etc, in just a couple WEEKS?? How "impossible" could it really BE for DiLorio's entire *company* of "skilled full time developers" to get the same thing done for Jaxx...?
IMHO this is all still just a thin veiled P&D attempt to get the XMR price to "crash" back down below ten bucks ahead of the expected Big Springtime Jump.
It didn't really work though, LOL...
HoneyPony's seemed to stay pretty solid in the $12 range thru all this, and even thru HoneyBadger's spike over $1K and re-approaching ATH again.
At best ... all of this "sound and fury signifying nothing" has gained 'em about a dollar's dip, big whoop.
Also, do you really think the entire Jaxx team was blindsided by the regularly scheduled hard fork and the the open-source, much anticipated RingCT implementation?
Maybe next time our top secret devs will think twice before they secretly develop features that nobody knew were coming and release the code at the very last second in a surprise hard fork!
Quote from: Anthony Di Iorio
It was working. It was working with the protocol as it was working back then, and again, in the same way, that MyMonero was working and once we had it working I announced the first transactions. And that was all before the changes were made.
Maybe next time our top secret devs will think twice before they secretly develop features that nobody knew were coming and release the code at the very last second in a surprise hard fork!
I am not disagreeing that their public pronouncements don't reflect poorly on them, but to be fair, hasn't the ring CT hardfork completely borked mymonero for several weeks now? Or is it working again?
Should be working again now.
Well that's good news. Nice work
Also, do you really think the entire Jaxx team was blindsided by the regularly scheduled hard fork and the the open-source, much anticipated RingCT implementation?
Maybe next time our top secret devs will think twice before they secretly develop features that nobody knew were coming and release the code at the very last second in a surprise hard fork!
Quote from: Anthony Di Iorio
It was working. It was working with the protocol as it was working back then, and again, in the same way, that MyMonero was working and once we had it working I announced the first transactions. And that was all before the changes were made.
Maybe next time our top secret devs will think twice before they secretly develop features that nobody knew were coming and release the code at the very last second in a surprise hard fork!
I am not disagreeing that their public pronouncements don't reflect poorly on them, but to be fair, hasn't the ring CT hardfork completely borked mymonero for several weeks now? Or is it working again?
Should be working again now.
There is no lens of which I look through.
It is the reality of the situation.
It is the reality of the situation.
Thanks for letting me know you have the copyright on 'reality', I will try not to infringe upon it
So are you saying that you disagree with Smoothie's version of "reality?"
Did Jaxx not announce Monero support back in October 2016 and claim it would be done in November?
After that deadline was missed, did Jaxx not continue to insist that integration was nearly complete and release was imminent?
Which of the above statements are you saying is untrue?
OK, I am done with this pussyfooting crap ...
Nope, I am saying that this is not the whole story, lacks context and is basically a 'hit piece' on Jaxx that avoids mentioning the fact that Fluffy, who everyone expected to get it right (so he didn't have to announce anything, it was simply assumed it would be done right), royally fucked it up too and happened to be advising them. And is still advertising the site as 'The Simplest way to use Monero' with a warning banner that may or may not appear in your browser (just clicked there now and it did not), and arguably caused more short term damage to Monero's credibility than Jaxx did, and is still accepting new deposits from people, some of whom end up over on reddit asking for help to access their Monero from the site that is still borked. He has subsequently admitted his mistake, as have Jaxx, and I am saying 'Drop it, move on, the people that needed to learn have learnt and nobody needs to be crucified here'. Get it ??
And this crap about Jaxx bringing it on themselves - sure, they fked up with that reddit converstaion when they struggled at the start, but it is clear that people more involved than you or I were able to move past this and continue assisting, yet most people here still cant see past that initial interaction and use it as a blinkered excuse to vent. Thank god you do not play a more senior role in this project or your grudges would bring it to its knees.
So you poked me enough to speak out for you. Well done, how courageous ... I hope you are happy now. Do you feel like you won something?
@ DaveyJones ... they paused the integration AFTER RingCT, when the issues unforeseen by them and fluffy, came to light ... MyMonero is still acting like it's the go-to place to use monero ... where is the balance in peoples sight here?
Apologies to fluffy here, but I think it is wrong for certain members of the community to be shouting at someone outside whilst not looking inside too, and the accusation that I am the one with blinkers on here is ridiculous. People are simply too weak to speak about the other side of the story and risk offending you after all you have done, and continue to do. Personally, i think you have enough self-awareness and a thick enough skin to deal with it, and value truth, and Monero's future, over unspoken ass-kissing.
If we are not able to cast critical eyes inwards aswell as outwards there is no hope. Monero deserves better than that.
Im critical as can be, still i blame it all to the first negative attitude they BROUGHT ONTO THEM SELF BY IDIOTIC BLAMING, im pretty sure if they just would have come out back in November and said... hey community we need help we have problems here and there and would appreciate help.... that the whole attitude from the community would have been different. What goes around, comes around or quid pro quo. And for MyMonero i don't see anyone advertising it as the go-to place, Fluffy himself said that it only should be used for spare-money + even though somehow difficult, it is possible to open the MyMonero seed in your own wallet over CLI or GUI
Why are people lending XMR on Poloniex so cheaply? There is definitely demand for a lot of coins. 0.5 seems reasonable to me :-)
Because they are greedy and dumb, if everyone would pull on the same string we would have higher interest rates
Why are people lending XMR on Poloniex so cheaply? There is definitely demand for a lot of coins. 0.5 seems reasonable to me :-)
OK, I am done with this pussyfooting crap ...
@ DaveyJones ... they paused the integration AFTER RingCT, when the issues unforeseen by them and fluffy, came to light ... MyMonero is still acting like it's the go-to place to use monero ... where is the balance in peoples sight here?
If we are not able to cast critical eyes inwards aswell as outwards there is no hope. Monero deserves better than that.
dont you know what they tell me
anyone who use mymonero is a "lazy ass" Wow! Lots of FUD in the Polo trollbox this morning. A lot of shorts talking their book and spreading FUD to anyone who will listen.
So, here's my theory for what it's worth... I think we have the typical situation in that someone is putting consistent pressure on the market to drop the price either due to a short position or just because they want to accumulate at lower prices. This is not news in our world, the fact that someone wants to accumulate Monero that badly, even when most other alts right now are in the green, means there is a lot of upside potential.
My approach is to follow the whales!
So, here's my theory for what it's worth... I think we have the typical situation in that someone is putting consistent pressure on the market to drop the price either due to a short position or just because they want to accumulate at lower prices. This is not news in our world, the fact that someone wants to accumulate Monero that badly, even when most other alts right now are in the green, means there is a lot of upside potential.
My approach is to follow the whales!
i think its quite difficult to follow the whales when your coin is in webwallet which btw being offline for days because of fork. so i can imagine some investor buy at certain prices and saw how the price climb higher and higher but then when he want to sell, the webwallet was not online and in the end he lost money instead LOL....
and the ppl who tell him to buy monero and store at that webwallet call him idiot
I rest my case...
btw not everyone is smart enough to switch from webwallet to gui wallet on time, some dont have time to set them up, and some might simply get panicked.
There is no lens of which I look through.
It is the reality of the situation.
It is the reality of the situation.
Thanks for letting me know you have the copyright on 'reality', I will try not to infringe upon it
So are you saying that you disagree with Smoothie's version of "reality?"
Did Jaxx not announce Monero support back in October 2016 and claim it would be done in November?
After that deadline was missed, did Jaxx not continue to insist that integration was nearly complete and release was imminent?
Which of the above statements are you saying is untrue?
OK, I am done with this pussyfooting crap ...
Nope, I am saying that this is not the whole story, lacks context and is basically a 'hit piece' on Jaxx that avoids mentioning the fact that Fluffy, who everyone expected to get it right (so he didn't have to announce anything, it was simply assumed it would be done right), royally fucked it up too and happened to be advising them. And is still advertising the site as 'The Simplest way to use Monero' with a warning banner that may or may not appear in your browser (just clicked there now and it did not), and arguably caused more short term damage to Monero's credibility than Jaxx did, and is still accepting new deposits from people, some of whom end up over on reddit asking for help to access their Monero from the site that is still borked. He has subsequently admitted his mistake, as have Jaxx, and I am saying 'Drop it, move on, the people that needed to learn have learnt and nobody needs to be crucified here'. Get it ??
And this crap about Jaxx bringing it on themselves - sure, they fked up with that reddit converstaion when they struggled at the start, but it is clear that people more involved than you or I were able to move past this and continue assisting, yet most people here still cant see past that initial interaction and use it as a blinkered excuse to vent. Thank god you do not play a more senior role in this project or your grudges would bring it to its knees.
So you poked me enough to speak out for you. Well done, how courageous ... I hope you are happy now. Do you feel like you won something?
@ DaveyJones ... they paused the integration AFTER RingCT, when the issues unforeseen by them and fluffy, came to light ... MyMonero is still acting like it's the go-to place to use monero ... where is the balance in peoples sight here?
Apologies to fluffy here, but I think it is wrong for certain members of the community to be shouting at someone outside whilst not looking inside too, and the accusation that I am the one with blinkers on here is ridiculous. People are simply too weak to speak about the other side of the story and risk offending you after all you have done, and continue to do. Personally, i think you have enough self-awareness and a thick enough skin to deal with it, and value truth, and Monero's future, over unspoken ass-kissing.
If we are not able to cast critical eyes inwards aswell as outwards there is no hope. Monero deserves better than that.
So is it a good time to buy or should we wait 3-5 years at most? I'm going to invest for long term but I don't see what is the fair entry point. Is it still overvalued? Trend is declining for the last month. Is it possible to see below 0.01 again?
I believe this coin will be successful in long term but I haven't bought yet, I'm just trying to figure out a cheap entry point. Maybe I should regularly buy small amounts every 2 weeks/month.
I believe this coin will be successful in long term but I haven't bought yet, I'm just trying to figure out a cheap entry point. Maybe I should regularly buy small amounts every 2 weeks/month.
This is what I have been doing, you care less about the swings this way I think.
My speculation is that their canary died and they needed to come up for air.
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