[XMR] Monero Speculation - page 958.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: CiscoStud on October 29, 2016, 05:02:42 PM

Any news on the GUI release date???

The GUI is currently being tested and debugged. How long this will take is very hard to predict because of the nature of software development. A good place to follow progress on the GUI is https://github.com/monero-project/monero-core.

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: ArticMine on October 29, 2016, 05:24:28 PM

Quote from: Blazed on October 29, 2016, 05:13:04 PM

...

ZEC will not even have full rewards for 30+ days. I think trying to price it currently is impossible. Give it a few weeks and I bet it has a pretty large market cap (not that I really judge coins by that).

In a few months maybe. My initial thought was 6 - 9 months. What I did not take into account was the horrid combination of a very sophisticated marketing campaign with the ultra slow initial emission. What this has done is hurt Zcash; however it has not changed the reality that ZCash is not a real competitor to Monero until it can muster a valid market capitalization based upon a realistic valuation of the individual tokens. In the meantime a lot can happen with Monero.

All that matters is the hype and marketing. No one really uses alt coins for anything other than speculation. It will be interesting to watch either way!

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: Blazed on October 29, 2016, 05:13:04 PM

...

ZEC will not even have full rewards for 30+ days. I think trying to price it currently is impossible. Give it a few weeks and I bet it has a pretty large market cap (not that I really judge coins by that).

In a few months maybe. My initial thought was 6 - 9 months. What I did not take into account was the horrid combination of a very sophisticated marketing campaign with the ultra slow initial emission. What this has done is hurt Zcash; however it has not changed the reality that ZCash is not a real competitor to Monero until it can muster a valid market capitalization based upon a realistic valuation of the individual tokens. In the meantime a lot can happen with Monero.

Blazed

legendary

Activity: 2128

Merit: 1119

Quote from: ArticMine on October 29, 2016, 04:29:21 PM

Quote from: Blazed on October 29, 2016, 03:30:42 PM

I can not imagine that anyone is surprised with the nosedive in prices. Zcash is obviously going to dominate the anon coins even though it has a lot of issues. This goes to show you that marketing > technology for alt coins. I will be waiting for what I feel is the bottom and probably buying up some XMR for long term. This coin has a good dev team and solid technology behind it...just lacks the obvious GUI and marketing.

My guess is .005 is the bottom.

Maybe in a few months. The reality today is its current market cap is 1.37 million USD and falling and it is ranked number 67 in market cap. Now how many "anon" coins have a higher marketcap?

Edit: All "marketing" has done for ZCash is create a mega bear market. Those who listened to the marketers, never a good idea in any case, were fed to some very hungry bears.

ZEC will not even have full rewards for 30+ days. I think trying to price it currently is impossible. Give it a few weeks and I bet it has a pretty large market cap (not that I really judge coins by that).

CiscoStud

newbie

Activity: 20

Merit: 0

Any news on the GUI release date???

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: mrkevio on October 29, 2016, 03:53:06 PM

Monero will be down until February, 2017. One of the biggest crypto market has Monero closed until January 2017, so I guess every investor will take 'a break' from this currency until then. Starting from February, we'll start seeing higher rates. Now it's going down.

Does you mean Monero Market which was open for only a few weeks and did not have a sale because it was so new?

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: Blazed on October 29, 2016, 03:30:42 PM

I can not imagine that anyone is surprised with the nosedive in prices. Zcash is obviously going to dominate the anon coins even though it has a lot of issues. This goes to show you that marketing > technology for alt coins. I will be waiting for what I feel is the bottom and probably buying up some XMR for long term. This coin has a good dev team and solid technology behind it...just lacks the obvious GUI and marketing.

My guess is .005 is the bottom.

Maybe in a few months. The reality today is its current market cap is 1.37 million USD and falling and it is ranked number 67 in market cap. Now how many "anon" coins have a higher marketcap?

Edit: All "marketing" has done for ZCash is create a mega bear market. Those who listened to the marketers, never a good idea in any case, were fed to some very hungry bears.

KeyJockey

hero member

Activity: 608

Merit: 509

Quote from: Erik Goff on October 29, 2016, 03:45:53 PM

I respectfully believe you are in fantasyland... Why would people in keep their value in bitcoin and not in monero?

Okay so add item 4.5 to my list in the middle there between 4 and 5 :

4.5 Pirate Party in Iceland adopts MONERO (in addition to, or maybe even instead of?) Bitcoin...

...so that the Speculative Attack scenario even includes XMR taking on BTC and still leading to HyperMoneroIzation scenario!

Maybe THAT is more likeable to the forum thread here?

After all this is the Monero Speculation board not bitcoin spec board... heh heh... sorry about that

mrkevio

full member

Activity: 210

Merit: 100

Monero will be down until February, 2017. One of the biggest crypto market has Monero closed until January 2017, so I guess every investor will take 'a break' from this currency until then. Starting from February, we'll start seeing higher rates. Now it's going down.

Erik Goff

member

Activity: 261

Merit: 10

https://assetsplit.org/

Quote from: KeyJockey on October 29, 2016, 02:25:17 PM

Well guys... hmm, some weekend so far, eh? Never a dull moment 'round here in crypto-land LOL

As a little distraction from this Great Halloween ALT Massacre Of 2016™ just thought I'd throw this out there for something to think about...

1. Bitcoin back on the rise as the Belle Of The Ball, again, and alt-coin money flowing back to the Mothership?

2. Thus maybe new ATH coming soon for Honey Badger on the strength of Chinese Yuan devaluation yet again and/or maybe finally finally finally SOME break of the block-size stalemate, chinese miners actually maybe gonna make the move to BU???

3. Number #1 and #2 maybe leading to Winki ETF approval (soon™?) and thus mega-epic flow of Wall Street Money into bitcoin, market cap quickly going from 10 Billion to conservatively maybe 50 Billion?

4. Pirate Party in Iceland possibly on the verge of winning political power this weekend, on partial strength of their policy to make Bitcoin an "official" currency of a real, honest to God, actual country's legal government?

5. Number #3 50 Billion Market Cap and #4 about Bitcoin in Iceland leading to implementation of Speculative Attack (http://nakamotoinstitute.org/mempool/speculative-attack/) and HyperBitcoinization (http://nakamotoinstitute.org/mempool/hyperbitcoinization/) scenario...?

Anyone seeing this play out this way or am I just in fantasyland yet again? LOL

I respectfully believe you are in fantasyland. When the article about hyperbitcoinization was written, that was the time when we didn't realize yet that bitcoin was not as anonymous as it could be, and the prevalent idea was that 'there could be only one'.
Nowadays we can shapeshift a bitcoin in any other shape we want, and therefore i think that eventually people will loose interest in bitcoin itself and move on to other forms of money that better suit the purpose of the person holding it. Why would people in iceland keep their value in bitcoin and not in monero?

Blazed

legendary

Activity: 2128

Merit: 1119

I can not imagine that anyone is surprised with the nosedive in prices. Zcash is obviously going to dominate the anon coins even though it has a lot of issues. This goes to show you that marketing > technology for alt coins. I will be waiting for what I feel is the bottom and probably buying up some XMR for long term. This coin has a good dev team and solid technology behind it...just lacks the obvious GUI and marketing.

My guess is .005 is the bottom.

Luxo

newbie

Activity: 46

Merit: 0

Well, all I can say is adaptation and good patience is needed amidst this turmoil. Good luck to everyone

KeyJockey

hero member

Activity: 608

Merit: 509

Well guys... hmm, some weekend so far, eh? Never a dull moment 'round here in crypto-land LOL

As a little distraction from this Great Halloween ALT Massacre Of 2016™ just thought I'd throw this out there for something to think about...

1. Bitcoin back on the rise as the Belle Of The Ball, again, and alt-coin money flowing back to the Mothership?

2. Thus maybe new ATH coming soon for Honey Badger on the strength of Chinese Yuan devaluation yet again and/or maybe finally finally finally SOME break of the block-size stalemate, chinese miners actually maybe gonna make the move to BU???

3. Number #1 and #2 maybe leading to Winki ETF approval (soon™?) and thus mega-epic flow of Wall Street Money into bitcoin, market cap quickly going from 10 Billion to conservatively maybe 50 Billion?

4. Pirate Party in Iceland possibly on the verge of winning political power this weekend, on partial strength of their policy to make Bitcoin an "official" currency of a real, honest to God, actual country's legal government?

5. Number #3 50 Billion Market Cap and #4 about Bitcoin in Iceland leading to implementation of Speculative Attack (http://nakamotoinstitute.org/mempool/speculative-attack/) and HyperBitcoinization (http://nakamotoinstitute.org/mempool/hyperbitcoinization/) scenario...?

Anyone seeing this play out this way or am I just in fantasyland yet again? LOL

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: rangedriver on October 29, 2016, 10:21:37 AM

So are we having fun yet?

Nope, I made a Boo Boo and went long. Gonna lose everything I just built up. Lol Cheesy

Well it's my first big error so far so I can live with it, have been going against the odds for too long. Wink

Shit got margin called.

Nice that polo emailed me and warned me ahead of time, too bad I was at casino and didn't notice. Such is life got sucked out on for a few grand as well, on a real roll here! Cheesy

adolf512

full member

Activity: 532

Merit: 101

Quote from: sparky999 on October 29, 2016, 09:43:45 AM

I think this is just a momentary bounce, 0.006 will be tested again today.

You were right, i keep thinking "i missed the bottom" and it keeps going down even more. Removed a buy-order at 0.063 seconds before it was too late Grin

rangedriver

hero member

Activity: 714

Merit: 504

So are we having fun yet?

phoenix rises

member

Activity: 69

Merit: 10

Quote from: BitcoinNewsMagazine on October 29, 2016, 08:50:51 AM

Quote from: phoenix rises on October 28, 2016, 11:25:13 PM

Quote from: BitcoinNewsMagazine on October 28, 2016, 10:58:08 PM

After the 2013 bubble bitcoin did not start to recover until the weekly 200 MA was tested for nine months.

Context : BTC was > 6 years old at that time. How did it look for previous BTC bubbles with the weekly 200MA, when BTC was same age as XMR ?
Please explain why you would look at the weekly 200MA for an asset the age of XMR. Either I don't understand (very possible) or it is a pretty irrelevant comparison unless.
I think I am going to need some charts to understand your point please.

Go to bitcoinwisdom, put up a 200 MA on a weekly MtGox BTC/USD chart and you will see the weekly 200 MA worked for earlier bitcoin bubbles. XMR just tested the daily 200 MA.

Thanks, that's clear now

sparky999

sr. member

Activity: 473

Merit: 250

I think this is just a momentary bounce, 0.006 will be tested again today.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: OrangeP on October 29, 2016, 09:21:06 AM

I'm buying some now after I sold a bunch at $7.30. Seems to be good long term investment.

I hope you put a 10% stop loss on your long, I doubt that Monero has bottomed yet with Bitcoin on the rise. Next support level if .0058 does not hold is .0043.

adolf512

full member

Activity: 532

Merit: 101

Quote from: moneyLooser on October 29, 2016, 08:46:14 AM

Well FANBOYS!!! Admit it!! Adolf was right! N-rG was right! PID was right! BitcoinMagazin was right!
You ignored them, you insulted them and me! That's what you got haha! You got scammed!!!

Actually i was not right, i did not expect it to crash this badly, both i and N-rG overstimated xmr. I only profited about 0.2BTC from xmr in general, but at least i did not lose money unlike most idiots here.

Looks like i may have missed a buying opportunity(0.006), will remove the buy-order, could go down again a lot more.

Topic: [XMR] Monero Speculation - page 958. (Read 3314350 times)