Author

Topic: [XMR] Monero Speculation - page 901. (Read 3314350 times)

legendary
Activity: 2702
Merit: 2053
Free spirit
December 22, 2016, 06:56:21 AM
To pump it before a bigger dump?

sr. member
Activity: 327
Merit: 252
December 22, 2016, 06:49:33 AM
looking at the boards again I notice ZEC is up 12% bucking the trend...bloody zcash, die I say.

Yeah, I simply don't get that. Just when I think I'm beginning to understand something about the markets, along comes Zcash. Why would anyone buy an asset that has done nothing except collapse in price since it appeared?
legendary
Activity: 910
Merit: 1000
December 22, 2016, 06:35:29 AM
looking at the boards again I notice ZEC is up 12% bucking the trend...bloody zcash, die I say.
Do you feel that monero is threatened by ZEC?
legendary
Activity: 1008
Merit: 1000
Dumb broad
December 22, 2016, 05:32:06 AM
looking at the boards again I notice ZEC is up 12% bucking the trend...bloody zcash, die I say.
legendary
Activity: 1008
Merit: 1000
Dumb broad
December 22, 2016, 05:30:35 AM
Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).


Ha!  Thanks....  Good to see it! 

I am watching of course - and also keeping an eye on the USD price, which is holding up well.   The urge to be in BTC ought to be strong, but not as much as I feared. In USD terms we are about where we were a week or so ago.

What will be interesting will be what happens from here. The BTC run is finally here so; it either keeps going up, sits at a new level, or comes back down.  People will take BTC profits, diversify from BTC somewhat, or bale out a little. 

Some of this money will come to XMR.  It will be the slingshot some have already mentioned.

Also with a market frenzy, at some point investors will be looking for other 'contenders' for this kind of appreciation beyond BTC and it may also draw new money into crypto generally...

As long as we hold value as well as we seem to be so far, we are well placed.

All the festive best, Nano Smiley

Thanks Mr K, have some fine festivities yourself Smiley
full member
Activity: 161
Merit: 100
<3 Crypto
December 22, 2016, 05:14:08 AM
I always buy more XMR when BTC spikes. It has always gone down when BTC goes up, nothing new here. Tongue

I couldn't agree more. Smiley
legendary
Activity: 2604
Merit: 1748
December 22, 2016, 05:04:27 AM
Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).



Ha!  Thanks....  Good to see it!  

I am watching of course - and also keeping an eye on the USD price, which is holding up well.   The urge to be in BTC ought to be strong, but not as much as I feared. In USD terms we are about where we were a week or so ago.

What will be interesting will be what happens from here. The BTC run is finally here so; it either keeps going up, sits at a new level, or comes back down.  People will take BTC profits, diversify from BTC somewhat, or bale out a little.  

Some of this money will come to XMR.  It will be the slingshot some have already mentioned.

Also with a market frenzy, at some point investors will be looking for other 'contenders' for this kind of appreciation beyond BTC and it may also draw new money into crypto generally...

As long as we hold value as well as we seem to be so far, we are well placed.

All the festive best, Nano Smiley
full member
Activity: 161
Merit: 100
<3 Crypto
December 22, 2016, 05:02:32 AM
Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).



I won't correct you, because I totally agree to your statement. Smiley
I'm exchanging some BTC to XMR as BTC goes up.
legendary
Activity: 1008
Merit: 1000
Dumb broad
December 21, 2016, 11:44:34 PM
Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).

legendary
Activity: 3570
Merit: 1959
December 21, 2016, 09:22:59 PM
I do not believe anyone has claimed a sure thing. These are all experiments.

FFS, I tried to reply to this a few times, but that clearly summed it up best. Tongue

Good luck to us all is all I will say now! Cheesy
legendary
Activity: 2968
Merit: 1198
December 21, 2016, 09:18:40 PM
...

No we don't, the ability to have and hold value without monitoring is an inalienable right afa I'm concerned and i think everyone should hold that belief.

I agree. In addition privacy and anonymity are needed in order to ensure fungibility in crypto currencies, and fungibility is is a necessary requirement of money. Then there is of course the adaptive blocksize in Monero which ensures that there is no arbitrary limit on the number of transactions per second.  

People in this scene don't know how important and rare this is.

I have a question about adaptive blocksizes. What if Monero becomes truly successful and the active users reach 100,000,000. Will 50gb blocks be possible if transactions reach the touted Visa standard? If yes then how will the blockchain be maintainable?
Block 1206356 contains 10 transactions in 31655 bytes. That's 3165.5 bytes per transaction (there's different ratio in each block and I'm not sure about the mean. With CT the ratio will change, I suppose). 50GB per block are about 17 million transactions per block (510 million transactions per hour). At that rate a single 4TB HDD could store less then 3 hours of blocks. We can't keep that rate at decentralized manner currently.

RingCT transactions are larger, however more of the data is ultimately pruneable, so comparing the full RingCT transaction size with Bitcoin (which relies heavily on pruning for what scalability claims it makes at all) isn't correct.

Ah so scaling Monero is not a sure thing it will be a success afterall. I do not mean anything negative by it. I still support Monero as long as the developers stay on the path of research and that they are here for the grand experiment of cryptocoins.

I do not believe anyone has claimed a sure thing. These are all experiments.
legendary
Activity: 3178
Merit: 1509
December 21, 2016, 07:37:04 PM
...

No we don't, the ability to have and hold value without monitoring is an inalienable right afa I'm concerned and i think everyone should hold that belief.

I agree. In addition privacy and anonymity are needed in order to ensure fungibility in crypto currencies, and fungibility is is a necessary requirement of money. Then there is of course the adaptive blocksize in Monero which ensures that there is no arbitrary limit on the number of transactions per second.  

People in this scene don't know how important and rare this is.

I have a question about adaptive blocksizes. What if Monero becomes truly successful and the active users reach 100,000,000. Will 50gb blocks be possible if transactions reach the touted Visa standard? If yes then how will the blockchain be maintainable?
Block 1206356 contains 10 transactions in 31655 bytes. That's 3165.5 bytes per transaction (there's different ratio in each block and I'm not sure about the mean. With CT the ratio will change, I suppose). 50GB per block are about 17 million transactions per block (510 million transactions per hour). At that rate a single 4TB HDD could store less then 3 hours of blocks. We can't keep that rate at decentralized manner currently.

RingCT transactions are larger, however more of the data is ultimately pruneable, so comparing the full RingCT transaction size with Bitcoin (which relies heavily on pruning for what scalability claims it makes at all) isn't correct.

Ah so scaling Monero is not a sure thing it will be a success afterall. I do not mean anything negative by it. I still support Monero as long as the developers stay on the path of research and that they are here for the grand experiment of cryptocoins.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
December 21, 2016, 06:50:34 PM
You idiot

Can we tone down the personal attacks? Thanks

Sometimes I can't just restrain myself with these uneducated trolls that just spout complete lies. Smiley

Besides haven't seen red in awhile! Tongue
legendary
Activity: 2268
Merit: 1141
December 21, 2016, 05:11:09 PM
Ledger Journal has released its first edition and the first paper is Ring Confidential transactions by the Monero Research Lab

http://www.ledgerjournal.org/ojs/index.php/ledger/issue/view/2



Bitfinex allows verified users and investors to speed up their Monero deposits

https://www.bitfinex.com/posts/179



[GUIDE] Monero Cold Storage, Monitoring, and Spending Guide (MS Windows) - Part 1: Creating The Wallet - by JollyMort

https://www.reddit.com/r/Monero/comments/5jhoij/guide_monero_cold_storage_monitoring_and_spending/



OpenBazaar 1.1.10 Released – Purchase with Ether, Monero and More Via ShapeShift.io Integration

https://blog.openbazaar.org/openbazaar-1-1-10-released-purchase-with-ether-monero-and-more-via-shapeshift-io-integration/



"Monero is the currency Bitcoin tried to be"

http://wmstudios.com.au/index.php/news/blog/102-monero-is-the-currency-bitcoin-tried-to-be
legendary
Activity: 2968
Merit: 1198
December 21, 2016, 04:40:51 PM
You idiot

Can we tone down the personal attacks? Thanks
sr. member
Activity: 434
Merit: 250
December 21, 2016, 04:28:00 PM
Yes Bitcoin is not at all anonymous.
Its super easy to use any blockchain explorer, view a transaction, look at the addresses involved, and any previous transactions those addresses were involved in.
Obviously you can make a new address if you need to, but the fact that its so easy to trace payment amounts and the addresses involved is a huge issue in some cases.

If devs are looking for a logo, we must be pretty close to the release of the new GUI wallet?
hero member
Activity: 770
Merit: 504
December 21, 2016, 04:07:05 PM


Original image by /u/hyarmaite on Reddit. 
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
December 21, 2016, 02:49:54 PM
Looks like bitcoin grabbed this anonymous sucker in a headlock and applies the force of the whole body to suffocate its victim.

Ek charts aint looking sexy. All signs are that it gets steadily smothered by bitcoin, and I would expect prices to hit 280K basement. Someone also messes up with FCT lol. I wish bitcoin bull

had more arms to take FCT down in headlock, too.

I don't see XMR as a legitimate challenger to BTC, XMR is for those who want to take one specific feature of bitcoin (anonymity) and take it a step further

ROTFLMFAO! You idiot, BTC is completely traceable and not even remotely anon.
hero member
Activity: 994
Merit: 502
December 21, 2016, 02:12:37 PM
Looks like bitcoin grabbed this anonymous sucker in a headlock and applies the force of the whole body to suffocate its victim.

Ek charts aint looking sexy. All signs are that it gets steadily smothered by bitcoin, and I would expect prices to hit 280K basement. Someone also messes up with FCT lol. I wish bitcoin bull

had more arms to take FCT down in headlock, too.

I don't see XMR as a legitimate challenger to BTC, XMR is for those who want to take one specific feature of bitcoin (anonymity) and take it a step further
hero member
Activity: 2147
Merit: 518
December 21, 2016, 01:59:21 PM
Looks like bitcoin grabbed this anonymous sucker in a headlock and applies the force of the whole body to suffocate its victim.

Ek charts aint looking sexy. All signs are that it gets steadily smothered by bitcoin, and I would expect prices to hit 280K basement. Someone also messes up with FCT lol. I wish bitcoin bull

had more arms to take FCT down in headlock, too.
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