Following this cryptocurrency stuff for the past 4-5 months, I have definitely noticed the doom and gloom orchestra when price drops AND the "Moons the limit" when the price jumps up. I try to treat it as noise and not get too anxious/excited.
On a positive, helpful note, check out this great website explaining all things monero someone posted on reddit:
https://www.monero.how/
Topic: [XMR] Monero Speculation - page 867. (Read 3314350 times)
Don't worry - in the end the cream always rises....
this
dont get sucked in by the fud. The shorters took the opportunity of MyMonero being down and general ignorance around the ring ct fork to create negativity. Polo trollbox full of 'fake news' all weekend, dash trolls and who else with an agenda - all on board the fud train. Worst I saw some group claiming that a bug was transferring the transaction amount as fees which are lost to the miners. Which we all know is bullshit. I certainly do, as I have done a number of successful transactions since the fork with no issues (via cli btw) Let the ones who's cage can be rattled by this sell their coins. They will be crying soon enough. For crying out loud we were breaking thru 0.007 a month ago or so...crypto is like a bunch of toddlers and completely devoid of rational thought from so many. Funny really. Take it as the opportunity it is. As the German say: who laughs last laughs the hardest. That will be us.
Don't worry - in the end the cream always rises....
This price correction is a good thing, the price rose very fast and expectations were too high, lot of uneducated investors only looking for a quick buck, good riddance to them. A steady price increase is much better anyway...
A lot of huge sell orders were bought at 0.0125-0.0129 earlier today on polo, 24h volume currently 7k btc. Hopefully it will rise above 0.013 soon.
Xmr is still in my opinion the best privacy coin,followed by SDC
DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
You forgot about ZCoin.DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
i didnt forget ,i just dont rate it at all.... a cheap copy of zookos scamcoin has no place in my portfolio
i also hold some NAVcoin because i like the project as well (its also a privacy based coin and i think this wil only become more importamt in the future ) http://navcoin.org/
i know im making money ,i guess youre holding dem heavy bags lol
here ,knock yourself out :
Zcoin uses Zerocoin technology from the Zerocoin paper. http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf
This is a very well peer reviewed paper.
Zcash uses Zerocash. http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Although Zerocash is a development from Zerocoin meant to address certain perceived shortcomings of Zerocoin, they are not simple forks of each other and rely on different protocols.
Zerocash was meant to improve on Zerocoin on these issues:
a) Zerocoin still requires a basecoin to convert back before being allowed to spend. Zerocash has no more basecoin
b) Zerocash's proofs are much more efficient and smaller than Zerocoin's
c) Zerocoin uses fixed denominations to mint (1, 25, 50, 100) while Zerocash is not subject to such limitations
d) Greater privacy with Zerocash since sender/receiver/amount are all obscured.
However Zerocoin's advantage over Zerocash are as follows:
a) While still retaining the basecoin and a lot of the Bitcoin core code, it is a lot easier to integrate to existing Bitcoin merchants/etc.
b) Although Zerocoin's proofs are larger and occupies more storage space, the computational requirements to generate a private transaction are many times faster. Zcash requires large amounts of RAM and minutes of computational time. Zerocoin requires seconds to use and is not memory intensive. Basically Zerocoin uses more storage space but is computationally much less intensive.
c) Parameter generation for both Zcoin and Zcash requires a trusted setup but Zcoin's parameters are arguably less controversial. (https://github.com/zcoinofficial/zcoin/wiki/Parameters-in-set-up-phase-for-Zerocoin-in-ZCoin)
d) Most importantly is that in Zcoin, total supply is still visible so if there's a flaw and someone is secretly creating coins for themselves, this can be much more easily detected. With Zcash, because everything is hidden, if a flaw is exploited, it may be almost impossible to detect!
e) Zerocoin's tech is more peer reviewed and better understood than Zcash's. Zcash's use of zero knowledge proofs uses ZK-Snarks which very few people understand. Even Zooko himself admits he doesn't understand it (https://www.youtube.com/watch?v=P6RLjcGVUnw&feature=youtu.be&t=17m30s). Note that Zerocoin's paper was only like 15 pages. Zcash's paper is more than 50 pages so Zcash's is considerably more complex which means more things that can go wrong. This is why Zcash had to spend so much money on multiple security companies auditing on its critical components and bugs (including some serious ones have been found). A security audit is also not fool proof as the DAO exposed and which is why Zcash also uses multiple companies to audit.
Zcash is pretty neat technology and I think is a very amazing innovation but I do think that Zerocoin has a role to play. Its anonymity is still amazingly good with a much larger traceability set than previous anonymity implementations (basically all the previous Zcoins minted), it can be much more readily used today with existing vendors/merchants and can be used in a wide variety of devices today.
whats copy and paste ?
Xmr is still in my opinion the best privacy coin,followed by SDC
DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
You forgot about ZCoin.DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
i didnt forget ,i just dont rate it at all.... a cheap copy of zookos scamcoin has no place in my portfolio
i also hold some NAVcoin because i like the project as well (its also a privacy based coin and i think this wil only become more importamt in the future ) http://navcoin.org/
i know im making money ,i guess youre holding dem heavy bags lol
here ,knock yourself out :
Zcoin uses Zerocoin technology from the Zerocoin paper. http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf
This is a very well peer reviewed paper.
Zcash uses Zerocash. http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Although Zerocash is a development from Zerocoin meant to address certain perceived shortcomings of Zerocoin, they are not simple forks of each other and rely on different protocols.
Zerocash was meant to improve on Zerocoin on these issues:
a) Zerocoin still requires a basecoin to convert back before being allowed to spend. Zerocash has no more basecoin
b) Zerocash's proofs are much more efficient and smaller than Zerocoin's
c) Zerocoin uses fixed denominations to mint (1, 25, 50, 100) while Zerocash is not subject to such limitations
d) Greater privacy with Zerocash since sender/receiver/amount are all obscured.
However Zerocoin's advantage over Zerocash are as follows:
a) While still retaining the basecoin and a lot of the Bitcoin core code, it is a lot easier to integrate to existing Bitcoin merchants/etc.
b) Although Zerocoin's proofs are larger and occupies more storage space, the computational requirements to generate a private transaction are many times faster. Zcash requires large amounts of RAM and minutes of computational time. Zerocoin requires seconds to use and is not memory intensive. Basically Zerocoin uses more storage space but is computationally much less intensive.
c) Parameter generation for both Zcoin and Zcash requires a trusted setup but Zcoin's parameters are arguably less controversial. (https://github.com/zcoinofficial/zcoin/wiki/Parameters-in-set-up-phase-for-Zerocoin-in-ZCoin)
d) Most importantly is that in Zcoin, total supply is still visible so if there's a flaw and someone is secretly creating coins for themselves, this can be much more easily detected. With Zcash, because everything is hidden, if a flaw is exploited, it may be almost impossible to detect!
e) Zerocoin's tech is more peer reviewed and better understood than Zcash's. Zcash's use of zero knowledge proofs uses ZK-Snarks which very few people understand. Even Zooko himself admits he doesn't understand it (https://www.youtube.com/watch?v=P6RLjcGVUnw&feature=youtu.be&t=17m30s). Note that Zerocoin's paper was only like 15 pages. Zcash's paper is more than 50 pages so Zcash's is considerably more complex which means more things that can go wrong. This is why Zcash had to spend so much money on multiple security companies auditing on its critical components and bugs (including some serious ones have been found). A security audit is also not fool proof as the DAO exposed and which is why Zcash also uses multiple companies to audit.
Zcash is pretty neat technology and I think is a very amazing innovation but I do think that Zerocoin has a role to play. Its anonymity is still amazingly good with a much larger traceability set than previous anonymity implementations (basically all the previous Zcoins minted), it can be much more readily used today with existing vendors/merchants and can be used in a wide variety of devices today.
whats copy and paste ?
Xmr is still in my opinion the best privacy coin,followed by SDC
DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
You forgot about ZCoin.DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
i didnt forget ,i just dont rate it at all.... a cheap copy of zookos scamcoin has no place in my portfolio
i also hold some NAVcoin because i like the project as well (its also a privacy based coin and i think this wil only become more importamt in the future ) http://navcoin.org/
i know im making money ,i guess youre holding dem heavy bags lol
here ,knock yourself out :
Zcoin uses Zerocoin technology from the Zerocoin paper. http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf
This is a very well peer reviewed paper.
Zcash uses Zerocash. http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Although Zerocash is a development from Zerocoin meant to address certain perceived shortcomings of Zerocoin, they are not simple forks of each other and rely on different protocols.
Zerocash was meant to improve on Zerocoin on these issues:
a) Zerocoin still requires a basecoin to convert back before being allowed to spend. Zerocash has no more basecoin
b) Zerocash's proofs are much more efficient and smaller than Zerocoin's
c) Zerocoin uses fixed denominations to mint (1, 25, 50, 100) while Zerocash is not subject to such limitations
d) Greater privacy with Zerocash since sender/receiver/amount are all obscured.
However Zerocoin's advantage over Zerocash are as follows:
a) While still retaining the basecoin and a lot of the Bitcoin core code, it is a lot easier to integrate to existing Bitcoin merchants/etc.
b) Although Zerocoin's proofs are larger and occupies more storage space, the computational requirements to generate a private transaction are many times faster. Zcash requires large amounts of RAM and minutes of computational time. Zerocoin requires seconds to use and is not memory intensive. Basically Zerocoin uses more storage space but is computationally much less intensive.
c) Parameter generation for both Zcoin and Zcash requires a trusted setup but Zcoin's parameters are arguably less controversial. (https://github.com/zcoinofficial/zcoin/wiki/Parameters-in-set-up-phase-for-Zerocoin-in-ZCoin)
d) Most importantly is that in Zcoin, total supply is still visible so if there's a flaw and someone is secretly creating coins for themselves, this can be much more easily detected. With Zcash, because everything is hidden, if a flaw is exploited, it may be almost impossible to detect!
e) Zerocoin's tech is more peer reviewed and better understood than Zcash's. Zcash's use of zero knowledge proofs uses ZK-Snarks which very few people understand. Even Zooko himself admits he doesn't understand it (https://www.youtube.com/watch?v=P6RLjcGVUnw&feature=youtu.be&t=17m30s). Note that Zerocoin's paper was only like 15 pages. Zcash's paper is more than 50 pages so Zcash's is considerably more complex which means more things that can go wrong. This is why Zcash had to spend so much money on multiple security companies auditing on its critical components and bugs (including some serious ones have been found). A security audit is also not fool proof as the DAO exposed and which is why Zcash also uses multiple companies to audit.
Zcash is pretty neat technology and I think is a very amazing innovation but I do think that Zerocoin has a role to play. Its anonymity is still amazingly good with a much larger traceability set than previous anonymity implementations (basically all the previous Zcoins minted), it can be much more readily used today with existing vendors/merchants and can be used in a wide variety of devices today.
Xmr is still in my opinion the best privacy coin,followed by SDC
DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
You forgot about ZCoin.DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
i didnt forget ,i just dont rate it at all.... a cheap copy of zookos scamcoin has no place in my portfolio
i also hold some NAVcoin because i like the project as well (its also a privacy based coin and i think this wil only become more importamt in the future ) http://navcoin.org/
i know im making money ,i guess youre holding dem heavy bags lol
here ,knock yourself out :
Zcoin uses Zerocoin technology from the Zerocoin paper. http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf
This is a very well peer reviewed paper.
Zcash uses Zerocash. http://zerocash-project.org/media/pdf/zerocash-extended-20140518.pdf
Although Zerocash is a development from Zerocoin meant to address certain perceived shortcomings of Zerocoin, they are not simple forks of each other and rely on different protocols.
Zerocash was meant to improve on Zerocoin on these issues:
a) Zerocoin still requires a basecoin to convert back before being allowed to spend. Zerocash has no more basecoin
b) Zerocash's proofs are much more efficient and smaller than Zerocoin's
c) Zerocoin uses fixed denominations to mint (1, 25, 50, 100) while Zerocash is not subject to such limitations
d) Greater privacy with Zerocash since sender/receiver/amount are all obscured.
However Zerocoin's advantage over Zerocash are as follows:
a) While still retaining the basecoin and a lot of the Bitcoin core code, it is a lot easier to integrate to existing Bitcoin merchants/etc.
b) Although Zerocoin's proofs are larger and occupies more storage space, the computational requirements to generate a private transaction are many times faster. Zcash requires large amounts of RAM and minutes of computational time. Zerocoin requires seconds to use and is not memory intensive. Basically Zerocoin uses more storage space but is computationally much less intensive.
c) Parameter generation for both Zcoin and Zcash requires a trusted setup but Zcoin's parameters are arguably less controversial. (https://github.com/zcoinofficial/zcoin/wiki/Parameters-in-set-up-phase-for-Zerocoin-in-ZCoin)
d) Most importantly is that in Zcoin, total supply is still visible so if there's a flaw and someone is secretly creating coins for themselves, this can be much more easily detected. With Zcash, because everything is hidden, if a flaw is exploited, it may be almost impossible to detect!
e) Zerocoin's tech is more peer reviewed and better understood than Zcash's. Zcash's use of zero knowledge proofs uses ZK-Snarks which very few people understand. Even Zooko himself admits he doesn't understand it (https://www.youtube.com/watch?v=P6RLjcGVUnw&feature=youtu.be&t=17m30s). Note that Zerocoin's paper was only like 15 pages. Zcash's paper is more than 50 pages so Zcash's is considerably more complex which means more things that can go wrong. This is why Zcash had to spend so much money on multiple security companies auditing on its critical components and bugs (including some serious ones have been found). A security audit is also not fool proof as the DAO exposed and which is why Zcash also uses multiple companies to audit.
Zcash is pretty neat technology and I think is a very amazing innovation but I do think that Zerocoin has a role to play. Its anonymity is still amazingly good with a much larger traceability set than previous anonymity implementations (basically all the previous Zcoins minted), it can be much more readily used today with existing vendors/merchants and can be used in a wide variety of devices today.
Xmr is still in my opinion the best privacy coin,followed by SDC
DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
You forgot about ZCoin.DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
i didnt forget ,i just dont rate it at all.... a cheap copy of zookos scamcoin has no place in my portfolio
i also hold some NAVcoin because i like the project as well (its also a privacy based coin and i think this wil only become more importamt in the future ) http://navcoin.org/
Xmr is still in my opinion the best privacy coin,followed by SDC
DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
You forgot about ZCoin.DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
i didnt forget ,i just dont rate it at all.... a cheap copy of zookos scamcoin has no place in my portfolio
i also hold some NAVcoin because i like the project as well (its also a privacy based coin and i think this wil only become more importamt in the future ) http://navcoin.org/
Xmr is still in my opinion the best privacy coin,followed by SDC
DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
You forgot about ZCoin. DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
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.
Mymonero.com does not need to be online to be able to retrieve your XMR:
https://www.reddit.com/r/Monero/comments/5nlgfi/problems_with_tool_to_migrate_xmr_from_mymonero/
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.
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
if you keep your coins in a webwallet it is only YOURSELF to blame fore being a lazy ass, when the service is not available. Nowadays it is so easy to use the GUI + remote node
Xmr is still in my opinion the best privacy coin,followed by SDC
DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
DASH is flawed and zcash is a scam (imo)
We may retrace a bit for now but I think $50 by the summer is realistic so stay calm and hodl
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
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!
This is probably a small selloff by speculators.
Many people were expecting the price to go up over the last week or two and now that it hasn't, they are selling to invest in other coins.
Unless the price drops another 25% it feels like it will stabilize. Hopefully we get some news over the coming weeks or months about Chinese interest in Monero.
If that happens the price could easily go back up to previous levels or even a new ATH.
Many people were expecting the price to go up over the last week or two and now that it hasn't, they are selling to invest in other coins.
Unless the price drops another 25% it feels like it will stabilize. Hopefully we get some news over the coming weeks or months about Chinese interest in Monero.
If that happens the price could easily go back up to previous levels or even a new ATH.
I have no idea where Monero will go next. It can be that this project fails and Dark coin will replace Monero but also that Monero will replace bitcoin as the ultimate crypto and anything between of these two extreme scenarios.
i do not see dash or xmr replacing bitcoin, i do not think that will happen for any of the current alts, they are not good enough for that but i might be totally wrong. SDC is a bit shady, i considered grabbing some due to low price but i decided against that for some reason. I just dont want to hold alts long term, i do not have faith in any coin. I have seen this before, people thinking "moon" and not much later the price is down 10%, people think it was temporary but of course it continues down more and more
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