If the value of BTC (as paired with the USD) goes down then other ccurrenices paired with BTC should go up. Yet what we are seeing appears to be 'capital flight' from most alts. BTC is down 20% in the last 24hours yet there are no corresponding rises against other ccurrencies on Polo other than some of the low volume coins.
XMR should be much higher against BTC but its USD price is dropping in lock step negating any possible gains against BTC.
Since Jan 5th XMR is down nearly 40% against the USD.
Trotting out lines about 'dirty fiat' and the rest is not constructive - like it or not (and surely investing is about the numbers not ideologies) at present the market clearly seems to view USD (or Yuan or EUR etc) as the safest haven. And given that its the Chinese portion of the market most spooked about BTC I'd suggest that a significant amount of XMR investment has come from China too (since they seem to be viewed as the same at present).
Topic: [XMR] Monero Speculation - page 872. (Read 3314350 times)
Check XMR/USDT in Poloniex and compare it with BTC/USD. It is beginning to appear that Monero is following bitcoin's price. Are we seeing XMR becoming the real silver to bitcoin's gold? Some say what about litecoin? Litecoin is a 200+ million market cap of nothing.
thats actually interresting, why is litecoin having a 200m marketcap? why do people buy litecoin? i bought because of a "maybe" situation but ive been holding for 4 years now, afaik nothing happening that i should get excited about
It has the utmost support of the Chinese miners which are the majority in litecoin. They have a small hardware making mining industry behind it. So they cannot let the coin die. We in the community have been praising ASIC resistant coins but maybe some kind of specialized hardware manufacturing industry behind a coin could also be good.
What's with the XRP listing? Why does it still exist?
I guess people really are banking on... pardon the pun... "Bankcoin" aka XRP.
Just wondering how hard will be this down of BTC. Monero needs BTC, at least right now.
I am sure this will be a crazy year. Hopefully bitstamp (I assume Coinbase is adding monero) adds it, if you carefully read email they sent to customers about XRP, they said, I quote: "As you would expect, we are very excited about making more services available to our customers. But the year is still young. Stay tuned for more developments as and when they arise!"
Well, let's see if Monero "arise" on their platform
Dreaming is free
I am sure this will be a crazy year. Hopefully bitstamp (I assume Coinbase is adding monero) adds it, if you carefully read email they sent to customers about XRP, they said, I quote: "As you would expect, we are very excited about making more services available to our customers. But the year is still young. Stay tuned for more developments as and when they arise!"
Well, let's see if Monero "arise" on their platform
Dreaming is free What's with the XRP listing? Why does it still exist?
HoneyPony seems holding pretty steady with all the BTC red/green today... still roughly about 0.015-ish at least, as priced in BTC terms (fiat value fallen of course, but who wants any of that old shit currency anymore anyway? LOL). I think that's not changed much from last few days, isn't it?
[...]
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While the USD value of Monero is dropping, the BTC value of Monero is indeed rather stable atm.
Apparently most of the monero buyers/sellers are thinking of the monero price in bitcoin. Not in USD.
This tells me currently there is not really a new influx of people directly into Monero. It is mostly bitcoins being converted back and forward into moneros, probably to gain more of the one or the other.
I hope one day Monero will be independently valued. Valuating Monero in bitcoins still makes little sense to me.
Most interesting thing is: Why is Monero the only top20 currency that suffered in relation to Bitcoin?
Umm, no... what are you looking at?
It's ALL RED today ALL the way down across the board, some worse some better but XMR more or less unchanged in BTC terms, 0.015...
Also gotta admit that this is rough times. I don't even think its over.
Most interesting thing is: Why is Monero the only top20 currency that suffered in relation to Bitcoin?
Most interesting thing is: Why is Monero the only top20 currency that suffered in relation to Bitcoin?
HoneyPony seems holding pretty steady with all the BTC red/green today... still roughly about 0.015-ish at least, as priced in BTC terms (fiat value fallen of course, but who wants any of that old shit currency anymore anyway? LOL). I think that's not changed much from last few days, isn't it?
Seems to me also that anti-XMR brigade has been making the rounds to stir up FUD about blocksize and temporary fee/rate increase after the fork.
Guys: IMHO, it's gonna take some TIME for normal humans to GROK what *true* perfect fungibility really MEANS for a digital currency: I was surprised there was not more of a 'pop' in the price after the successful fork but reality is probably that this information just has not sunk in yet to any appreciable degree.
Personally I'm *doubling* my long-term stake in XMR on all the recent good news: fully intend to just HODL and ride the pony to moon and beyond.
Buy The XMR, Take The Ride... LOL
Seems to me also that anti-XMR brigade has been making the rounds to stir up FUD about blocksize and temporary fee/rate increase after the fork.
Guys: IMHO, it's gonna take some TIME for normal humans to GROK what *true* perfect fungibility really MEANS for a digital currency: I was surprised there was not more of a 'pop' in the price after the successful fork but reality is probably that this information just has not sunk in yet to any appreciable degree.
Personally I'm *doubling* my long-term stake in XMR on all the recent good news: fully intend to just HODL and ride the pony to moon and beyond.
Buy The XMR, Take The Ride... LOL
Check XMR/USDT in Poloniex and compare it with BTC/USD. It is beginning to appear that Monero is following bitcoin's price. Are we seeing XMR becoming the real silver to bitcoin's gold? Some say what about litecoin? Litecoin is a 200+ million market cap of nothing.
thats actually interresting, why is litecoin having a 200m marketcap? why do people buy litecoin? i bought because of a "maybe" situation but ive been holding for 4 years now, afaik nothing happening that i should get excited about
When there were still no fiat/XMR exchanges, I was considering using LTC to get in and out of XMR, since the BTC network was so congested. But I guess the need for that has passed.
Bitfinex and Kraken are both accepting Monero as a method of payment for fiat money.
Don't trust Bitfinex and Kraken collects more info than coinbase and only offers EFT which makes it worthless for most our needs.
Couldn't think of a better way to celebrate other than place an order for 1337 moneros earlier
Very nice.
Im actually surprised RingCT hasn't had any effect on price, but I'm in for long-term investment anyways.
I could definitely see a price of $50 to $100 in a few years from now which would be a great return on your investment, even if you bought today.
If Bitcoin can hit $1000 I don't see any reason that coins like Monero and Ethereum couldn't hit that price point.
I could definitely see a price of $50 to $100 in a few years from now which would be a great return on your investment, even if you bought today.
If Bitcoin can hit $1000 I don't see any reason that coins like Monero and Ethereum couldn't hit that price point.
IMHO, the RingCT feature is already probably price-in.
I agree that it's already priced in and that is a side effect of the dependability of the devs and scientists.
We have so much faith in their ability that we all had already taken it as a given.
Check XMR/USDT in Poloniex and compare it with BTC/USD. It is beginning to appear that Monero is following bitcoin's price. Are we seeing XMR becoming the real silver to bitcoin's gold? Some say what about litecoin? Litecoin is a 200+ million market cap of nothing.
thats actually interresting, why is litecoin having a 200m marketcap? why do people buy litecoin? i bought because of a "maybe" situation but ive been holding for 4 years now, afaik nothing happening that i should get excited about
When there were still no fiat/XMR exchanges, I was considering using LTC to get in and out of XMR, since the BTC network was so congested. But I guess the need for that has passed.
Bitfinex and Kraken are both accepting Monero as a method of payment for fiat money.
Check XMR/USDT in Poloniex and compare it with BTC/USD. It is beginning to appear that Monero is following bitcoin's price. Are we seeing XMR becoming the real silver to bitcoin's gold? Some say what about litecoin? Litecoin is a 200+ million market cap of nothing.
thats actually interresting, why is litecoin having a 200m marketcap? why do people buy litecoin? i bought because of a "maybe" situation but ive been holding for 4 years now, afaik nothing happening that i should get excited about
When there were still no fiat/XMR exchanges, I was considering using LTC to get in and out of XMR, since the BTC network was so congested. But I guess the need for that has passed.
It's wonderful that the potential of Monero is being more widely acknowledged. Kudos to its creators, to our core team and other developers, and to the community members who've been rooting for it all along. It's now earned its place on the crypto-cognoscenti's short-list of trustworthy projects. I look forward to 2017 as the year that people who actually need digital cash begin to discover and use Monero.
Until now, XMR Monero seems to be quite unimpressed by the BTC rollercoster 
Just wondering how hard will be this down of BTC. Monero needs BTC, at least right now.
I am sure this will be a crazy year. Hopefully bitstamp (I assume Coinbase is adding monero) adds it, if you carefully read email they sent to customers about XRP, they said, I quote: "As you would expect, we are very excited about making more services available to our customers. But the year is still young. Stay tuned for more developments as and when they arise!"
Well, let's see if Monero "arise" on their platform Dreaming is free
I am sure this will be a crazy year. Hopefully bitstamp (I assume Coinbase is adding monero) adds it, if you carefully read email they sent to customers about XRP, they said, I quote: "As you would expect, we are very excited about making more services available to our customers. But the year is still young. Stay tuned for more developments as and when they arise!"
Well, let's see if Monero "arise" on their platform
Dreaming is free
Couldn't think of a better way to celebrate other than place an order for 1337 moneros earlier
Good post for page 1337
Aaaaaa shoot, man... you beat me! I just clicked here quick to try and write:
Welcome To The 1337 Page!!!
Hehehehe
from the syscoin thread:
Syscoin 2.1.1 has support for dynamically updating the currencies supported by the marketplace dependent upon which peg the merchant has selected for their offer listing. We will be demonstrating this ability this weekend by adding support for five new currencies to the Syscoin marketplace- Ethereum (ETH), Waves (WAVES), Dash (DASH), Factom (FCT), and Monero (XMR). Through the power of the dynamic peg system these new currencies will become available for all merchants to price their item in as of 12pm US/PST.
usability of xmr just got bigger
Syscoin 2.1.1 has support for dynamically updating the currencies supported by the marketplace dependent upon which peg the merchant has selected for their offer listing. We will be demonstrating this ability this weekend by adding support for five new currencies to the Syscoin marketplace- Ethereum (ETH), Waves (WAVES), Dash (DASH), Factom (FCT), and Monero (XMR). Through the power of the dynamic peg system these new currencies will become available for all merchants to price their item in as of 12pm US/PST.
usability of xmr just got bigger
Good post for page 1337
from the syscoin thread:
Syscoin 2.1.1 has support for dynamically updating the currencies supported by the marketplace dependent upon which peg the merchant has selected for their offer listing. We will be demonstrating this ability this weekend by adding support for five new currencies to the Syscoin marketplace- Ethereum (ETH), Waves (WAVES), Dash (DASH), Factom (FCT), and Monero (XMR). Through the power of the dynamic peg system these new currencies will become available for all merchants to price their item in as of 12pm US/PST.
usability of xmr just got bigger
Syscoin 2.1.1 has support for dynamically updating the currencies supported by the marketplace dependent upon which peg the merchant has selected for their offer listing. We will be demonstrating this ability this weekend by adding support for five new currencies to the Syscoin marketplace- Ethereum (ETH), Waves (WAVES), Dash (DASH), Factom (FCT), and Monero (XMR). Through the power of the dynamic peg system these new currencies will become available for all merchants to price their item in as of 12pm US/PST.
usability of xmr just got bigger
Check XMR/USDT in Poloniex and compare it with BTC/USD. It is beginning to appear that Monero is following bitcoin's price. Are we seeing XMR becoming the real silver to bitcoin's gold? Some say what about litecoin? Litecoin is a 200+ million market cap of nothing.
This is happening quite many months now. I wish I would make some notes in past and could be more exact. It seems it already come in my subconscious and a week ago with huge BTC raises i was already predicting Monero price going up even BTC wise. So double gain. Same as when BTC go down,Monero go down even in BTC.
I dont know why this happen and dont know how to call it,but Monero dont act as other alts, but like a BTC baby.
I might be totally wrong since was so many news, and could all be just because of that. + as I said, i am just flowing my instinct and not having real data here.
Im actually surprised RingCT hasn't had any effect on price, but I'm in for long-term investment anyways.
I could definitely see a price of $50 to $100 in a few years from now which would be a great return on your investment, even if you bought today.
If Bitcoin can hit $1000 I don't see any reason that coins like Monero and Ethereum couldn't hit that price point.
I could definitely see a price of $50 to $100 in a few years from now which would be a great return on your investment, even if you bought today.
If Bitcoin can hit $1000 I don't see any reason that coins like Monero and Ethereum couldn't hit that price point.
IMHO, the RingCT feature is already probably price-in.
Let's wait and see
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