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Topic: [XMR] Monero Speculation - page 874. (Read 3314350 times)

jr. member
Activity: 48
Merit: 2
January 10, 2017, 01:43:53 AM
A small step for a coin, giant step for cryptocurrencies  Wink
legendary
Activity: 2016
Merit: 1259
January 10, 2017, 01:41:51 AM
sr. member
Activity: 243
Merit: 250
January 10, 2017, 01:39:03 AM
Welcome to RingCT!
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
January 10, 2017, 12:13:23 AM
...

It's early days, but taking my g/f out for dinner or a weekend away with a little fancy shopping and paying all in Monero via a Visa card would feel damn good... and probably get her to take my screen time a bit more seriously.


It looks to me like you can load the card up with xmr and use it as a visa but i'm not sure if it is loaded with xmr, I think it just sells your xmr and adds usd like any other prepaid. And they they provide a online wallet. I think the language they are using is intentionally ambiguous.

But yeah it would be cool to load up a few hundred bucks and give it to her to go shopping. Smiley


BTW, that USDT token on polo, has anyone looked into it? How safe is it? I read on it being pegged awhile back but I have no clue if it' really backed or not.
full member
Activity: 176
Merit: 108
January 09, 2017, 10:15:11 PM
Poloniex book steadily getting deeper...  Action imminent?

This morning there were 270,000 XMR sell orders. And 3400 BTC buy orders. Now there is 264,000 and 3780, respectively. What are you seeing that makes you say that? I honestly want to know what you see.



a few days ago was ~220k and 2800.  Fairly steady uptrend, with the typical fluctuations along the way.  Buys were well over 3800 at time of posting.

Thank you!
legendary
Activity: 2016
Merit: 1259
January 09, 2017, 10:01:28 PM
Poloniex book steadily getting deeper...  Action imminent?

This morning there were 270,000 XMR sell orders. And 3400 BTC buy orders. Now there is 264,000 and 3780, respectively. What are you seeing that makes you say that? I honestly want to know what you see.



a few days ago was ~220k and 2800.  Fairly steady uptrend, with the typical fluctuations along the way.  Buys were well over 3800 at time of posting.
full member
Activity: 176
Merit: 108
January 09, 2017, 09:53:17 PM
Poloniex book steadily getting deeper...  Action imminent?

This morning there were 270,000 XMR sell orders. And 3400 BTC buy orders. Now there is 264,000 and 3780, respectively. What are you seeing that makes you say that? I honestly want to know what you see.


legendary
Activity: 2016
Merit: 1259
January 09, 2017, 09:01:27 PM
Poloniex book steadily getting deeper...  Action imminent?
hero member
Activity: 850
Merit: 1000
January 09, 2017, 07:35:52 PM
Monero is the ultimate private money, but right now it is hard to keep it that way when you actually want to spend it.

At this point I'd say it's better to spend it transparently than to not spend it at all (assuming the transaction isn't that sensitive). The more the currency is used the more opportunities there will be to spend it, privately or not. Embrace XMR as good money in general, not just good "private money."

Don't get me wrong, I would love to.  Just point me to a place where I am going to see a sign saying 'WE ACCEPT MONERO' and I will be right there for the new wide screen I am looking at, or maybe that dinner.

It's not so easy though. Yet.  I hope it won't be too long until it is easy - supporting cards accepting XMR loading is the best I can do.  I note that some cards offer retailers the option (with BTC) of not cashing to fiat, but accepting it directly... unconverted.

If Coinbase adds Monero (looks like they will), this will make XMR look even better to businesses than it already is because the business would probably have the option at Coinbase to instantly convert the XMR into their cash balance. I could see a business accepting XMR and instantly converting 90% of it to cash and leaving the rest as an investment. That could be a selling point for XMR or even for Coinbase.
legendary
Activity: 2604
Merit: 1748
January 09, 2017, 05:06:57 PM
Monero is the ultimate private money, but right now it is hard to keep it that way when you actually want to spend it.

At this point I'd say it's better to spend it transparently than to not spend it at all (assuming the transaction isn't that sensitive). The more the currency is used the more opportunities there will be to spend it, privately or not. Embrace XMR as good money in general, not just good "private money."

Don't get me wrong, I would love to.  Just point me to a place where I am going to see a sign saying 'WE ACCEPT MONERO' and I will be right there for the new wide screen I am looking at, or maybe that dinner.

It's not so easy though. Yet.  I hope it won't be too long until it is easy - supporting cards accepting XMR loading is the best I can do.  I note that some cards offer retailers the option (with BTC) of not cashing to fiat, but accepting it directly... unconverted.

legendary
Activity: 2604
Merit: 1748
January 09, 2017, 04:59:53 PM

...snip

We need instant CC and debit ways to purchase as well as paypal to get unlinked completely and that means we need a very large financial institution that can handle the load and get the insurance for that volume.

We do - and I am gagging for this to happen. I have been looking at prepaid CCs which you can load up directly with XMR - and to a certain extent they do exist (Uquid etc.)  However, anymore than around $2500 (or GBP) in the lifetime use of the card and you need KYC / AML verification, as well as a conversation with your accountant that will mean a proper and difficult audit of your profit and loss after many years in crypto.

I don't really want to convert XMR to BTC and then exit exchanges in USD which needs to be then converted to GBP (for me) to finally end up in my bank account for all who wish to ask me about the BTC I have cashed in. 

I would love to be able to buy directly in XMR, which would be great for developing an XMR real-world economy, but this seems an age away.

Monero is the ultimate private money, but right now it is hard to keep it that way when you actually want to spend it.

Thanks for that info! So If I get a Uquid card and add funds from paypal or one of the other means then it stores XMR or the USD equivalent? IOW If I just want to buy when I feel the market is low can I use this to store XMR and then send it to an exchange immediately?

And your right converting to fiat is not only cumbersome but deanonimizing.

From what they say, you can actually load XMR directly onto this card and it gets converted into currency - choose GBP / EUR / USD.

However, read up - loading up is a window that closes over time, you pay for the physical card (or less for a 'virtual card') and its lifetime use is limited to 2500 USD or GBP and no more.  Fees apply and you need to check them out thoroughly - but it looks like an unverified way to put crypto onto a visa card and simply spend it.  It's not anonymous, but it's not so deanominising, either.  My accountant won't say 'where did this money come from?' so often.

There are other companies and cards - Bitpay do one in the US only etc.  which is no good to me, I am not in the USA.  Uquid claim to take a whole range of crypto directly and convert it to cash on the card - pre-paid.

But note that I have not tried any of these cards YET.   I want to soon, but I am doing more research before I go for it.  All of these card suppliers (I found five or six on a good google search) seem to have Visa network access (very practical), but are not massive companies, often start ups.   Some of them hold crypto in a wallet off-card and some of them put fiat onto the card instantly at rates I cannot see (although they say 'no transaction fees' for load up with crypto).

If anyone else can report back on usage - particularly with XMR as the crypto, I would love to know.  If I take the plunge before I hear, I will pass on what I learn.

The main thing I seek is to spend XMR as frictionlessly as possible on a purchase without going through endless time-consuming transactions leading ultimately to my bank... to THEN spend it. 

At the moment I buy BTC with XMR, sell it - go via a registered exchange to my bank losing on exchanging costs and fees at each step. Also, while I am not necessarily seeking to hide it, it's ironic how 'visible' all these steps are in spite of me starting with 'private money' which I want to simply spend. 

It's early days, but taking my g/f out for dinner or a weekend away with a little fancy shopping and paying all in Monero via a Visa card would feel damn good... and probably get her to take my screen time a bit more seriously.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
January 09, 2017, 04:44:51 PM
Monero is the ultimate private money, but right now it is hard to keep it that way when you actually want to spend it.

At this point I'd say it's better to spend it transparently than to not spend it at all (assuming the transaction isn't that sensitive). The more the currency is used the more opportunities there will be to spend it, privately or not. Embrace XMR as good money in general, not just good "private money."

I have thought on this the last few years and have a pretty good idea but am not willing to broach it as of yet. I've made some strides but will not be able to launch anything in the foreseeable future. My skills have deteriorated to a horrible extent. Smiley
hero member
Activity: 795
Merit: 514
January 09, 2017, 04:00:53 PM
Monero is the ultimate private money, but right now it is hard to keep it that way when you actually want to spend it.

At this point I'd say it's better to spend it transparently than to not spend it at all (assuming the transaction isn't that sensitive). The more the currency is used the more opportunities there will be to spend it, privately or not. Embrace XMR as good money in general, not just good "private money."
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
January 09, 2017, 12:55:28 PM

...snip

We need instant CC and debit ways to purchase as well as paypal to get unlinked completely and that means we need a very large financial institution that can handle the load and get the insurance for that volume.

We do - and I am gagging for this to happen. I have been looking at prepaid CCs which you can load up directly with XMR - and to a certain extent they do exist (Uquid etc.)  However, anymore than around $2500 (or GBP) in the lifetime use of the card and you need KYC / AML verification, as well as a conversation with your accountant that will mean a proper and difficult audit of your profit and loss after many years in crypto.

I don't really want to convert XMR to BTC and then exit exchanges in USD which needs to be then converted to GBP (for me) to finally end up in my bank account for all who wish to ask me about the BTC I have cashed in. 

I would love to be able to buy directly in XMR, which would be great for developing an XMR real-world economy, but this seems an age away.

Monero is the ultimate private money, but right now it is hard to keep it that way when you actually want to spend it.

Thanks for that info! So If I get a Uquid card and add funds from paypal or one of the other means then it stores XMR or the USD equivalent? IOW If I just want to buy when I feel the market is low can I use this to store XMR and then send it to an exchange immediately?

And your right converting to fiat is not only cumbersome but deanonimizing.
legendary
Activity: 2744
Merit: 1288
January 09, 2017, 11:13:53 AM
Just curious about all these rumors of a huge incoming Chinese pile-in due to RingCT?

What would be the reason they couldn't have moved their money thru Monero up to now, without RingCT?

I mean... isn't Monero already anonymous enough to have done what they need before this latest even-more-anon improvement?

Or what is it, exactly, about RingCT that specifically makes possible whatever it is that the Chinese need to do now, that was not possible before?

Ring CT and China should not have any correlation.  
I think "China adoption" will be abused anytime before until it will actually happen. No one can do anything about it.
All we can do is to educate our self's  how much Chinese know Monero. And then we will be able easier to predict if rumours are true or false.
hero member
Activity: 608
Merit: 509
January 09, 2017, 11:01:07 AM
Just curious about all these rumors of a huge incoming Chinese pile-in due to RingCT?

What would be the reason they couldn't have moved their money thru Monero up to now, without RingCT?

I mean... isn't Monero already anonymous enough to have done what they need before this latest even-more-anon improvement?

Or what is it, exactly, about RingCT that specifically makes possible whatever it is that the Chinese need to do now, that was not possible before?
full member
Activity: 186
Merit: 100
January 09, 2017, 05:12:35 AM
What do you guys think will happen after RingCT goes live? It should go live today or tomorrow.

I wonder if there will be articles talking about it. If so price should go up I believe Smiley

Idk, but everybody has less or more money to launder so yea - expecting huge bump in the next weeks or months
hero member
Activity: 742
Merit: 501
January 09, 2017, 05:10:53 AM
There will be lots of validations over the next couple of days on mainnet once it is live. Once everything looks solid, expect price to go north and settle at a new value regardless of BTC action as RingCT is something major.

Also expect a couple of noobs who would sell(inventors of "sell the news"  Roll Eyes), then come back to the thread and look for validation and confirmation/seeking feedback of their actions indirectly through their posts(they are equally unsure like everybody else). Life wouldn't be complete without charts either so sellers would also help you long after they have sold in order to catch the lower prices of their re-entry if you decide to follow their prognostication.  Wink
newbie
Activity: 46
Merit: 0
January 09, 2017, 04:38:22 AM
What do you guys think will happen after RingCT goes live? It should go live today or tomorrow.

I wonder if there will be articles talking about it. If so price should go up I believe Smiley
member
Activity: 81
Merit: 10
January 09, 2017, 04:20:00 AM
Good news!

Rumor is Chinese are waiting for RingCT to launder hacked/DNM bitcoins...
8btc forums, qq groups, private chat I've had with Chinese bot operators, everyone is expecting a huge influx of volume...

Chinese are also saying Bitfinex is about to launder 'hacked' btc very soon...



What is hacked BTC??? can you explain more about it?

This guy is our house troll, don't take him seriously. We keep him here and sometimes we feed him when he re-appears from under the couch. He is the only troll we have, unlike some other coins, which should tell you something.
And when he throws with excrement his remarks can be quite entertaining. Usually when he is in this thread it means bullish for XMR.
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