Topic: [XMR] Monero Speculation - page 992. (Read 3314350 times)

I am not sure we're out of the woods, Dotto...  When we dipped under 0.01 the first time after the ATH, I felt (then) it was the bottom.  But we have dipped under again and on relatively low volume.

So, I would welcome your thoughts - you've made good calls in the past.  

I have been buying to get back what I sold (and more) hoping to have spare to sell on the next run.  I am sure it will come, but I am not sure it will come before Spring.  I hope the GUI will help, some say it's priced in, but I think its delay is now priced in and it will be a pleasant relief when it does finally appear.

One positive is keeping up on BTC rises in dollar terms as it has risen.   Price (with this variable taken out) must be near bottom, but I still have buys set lower.

I hope it's the bottom - but can't see another big run yet.  You?

Tons of time without enter the room, but looking at the price more or less daily.

Looking at the chart from a EW perspective looks like bottom, isn't?

What´s the feeling?

Viva La Revolución!


Here is a proper definition of Soon™: http://wowwiki.wikia.com/wiki/Soon

I don't think so. Today, crypto is already a major success. It fills a niche market. There's no reason why it would go to $0 just because it can't take over the world's finance infrastructure. I'm sure those of us who were around in the e-gold days can attest to that. The only reason e-gold "went to $0" was because it was centralized. Bitcoin fixed that. Now we have a working economy and it's enormous. It's way bigger than most could even dream of 5-6 years ago. So if this is it? That's alright... we'll continue with our businesses. We'll keep hoarding and trading. We'll keep our money in a place outside of government reach and send uncensored transactions. The needs of this niche is already fulfilled. We are doing fantastic.

But of course, nobody here believes this is over. We'll grow much larger, just like e-gold would have if it was left alone. Just don't think taking over the world's finance infrastructure needs to happen. I'll continue using crypto even if growth stops today.

Ah man, you like to talk to that bitch arent you 

It's getting late over there. You better get to bed now. 

Oh man, that german bitch really nerves me off!!! You bitch just be quit and dont post any predictions anymore bitch!!!

lol amateur  get credibility and knowledge about trading...

Yeh, you keep saying that.

You're genuinely starting to sound like someone suffering from mental retardation.

You can set a stop-limit for a short, not an ideal solution due to the fact that the price often icnreases temporarrily, unfortinatily unlike N-rG i didn't short when the price was above 0.015, big mistake.

Wouldn't it be funny if someone waited until you were fast asleep before pumping the next leg up?

Difficult to close a short when you're sleeping.

Sleep well...

Guys, guys, guys... c'mon!  This forum is IMHO entirely too bogged down lately with the tiny miniscule day-to-day price movements of XMR.

This is the SPECULATION forum, right?  So, here's a much more interesting (IMHO) big-picture "speculation" for y'all to chew on.

 

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We can all agree that investing in any crypto is a high-risk, high-return endeavor, right?  Just a nosh above outright gambling probably LOL

Many people much smarter than ME have said, many times, that overall this is probably a binary-outcome type situation, i.e. either crypto in general is going to totally fail for some reason -OR- it's going to fully take over the world's finance infrastructure.

One or Zero, in other words.

People have said that BITCOIN will be worth $0 nothing zilch nada, or in 20 years it's gonna be the foundation of global finance.  In this case,  each "whole bitcoin" will be valued at present-day purchasing power of $1 Million per BTC (i.e. so that a single satoshi, 0.00000001 will be equal worth to a PENNY today).

Now, to be a BILLIONAIRE in this future world, one needs to have control of 1,000 BTC

A thousand bitcoins today costs over a half-million dollars in the old-world, fiat currency... unfortunately putting it out of reach of most common people. Back in the early days, when guys like Laszlo were throwing around tens of thousands of BTC for a pizza, it was feasible for an ordinary person to sock away a thousand bitcoins.  

But sadly, those days are LONG over, and for someone like me, I know that short of winning the PowerBall I ain't ever gonna own a thousand BTC.

But, it's not at all clear that first-mover bitcoin is really going to be that final crypto-currency global dominant winner.

It's a standard truism in software development, the first version of almost any software is hardly ever any good.  You have to get something to about Version 3.0 before it's really solid.  So, in all likelihood there's going to be something equal to like bitcoin 2.0 then 3.0 evolving in this space WELL BEFORE we see any real chance that a crypto-currency will take over the world and reach these global adoption type numbers.

This means, to me, that there's still a chance (however small!) that many of us right here in this forum have NOT YET missed the boat, and we did NOT really lose out on the opportunity to amass 1,000 of whatever the ultimate global-adoption crypto coin will be.

Putting aside 1,000 Monero even just a year ago would've cost only about a thousand dollars.... call it two or three bitcoins.  Chump change.

Putting aside 1,000 Monero even TODAY would cost someone only about $5,000 to $10,000... the fiat value of just a crappy used car.  Totally do-able.

The downside here is you lose a used car, but the upside is you're retiring AS A FREAKING BILLIONAIRE.

Now, yeah of course you can't do this with EVERY likely coin that MAY have a shot at taking over from King Of The Mountain BITCOIN.

Maybe it's gonna be Monero.  Maybe Dash (LOL).  Maybe this upcoming Z-Coin (double LOL)... or something else nobody's ever thought of yet.

All we can do here is just try and stay on top of things, pay attention, place your bets where they are most likely to have a shot...

...and may the best coin win

Don't know if anybody mentioned it yet, but I noticed that Poloniex finally reduced XMR withdrawal fees from the ridiculous 0.2 XMR to 0.05 XMR.

Just in time.  

Haha Adolf/N-rG/whoever you are a clown but I mean it honestly in good will.
So everybody can enjoy the humour: He changed his text from "Yeah price goes below 0.008, a lot of fun ahead." to "Oh it is going up.".

The price seam to increase above 0.01 sometimes(desparate pumpers?) but desparate bagholders are always quick to dump the price down again

The peaks are getting lower, still not 100% comfortable with my short, considered closing it with small profit(0.3BTC) to short again during peak. There was a recent 360BTC pump(only increased the price to 0.0105).

What with a pump first?

0.008x incoming

Dev meeting highlights for 2016-10-16

https://hellomonero.com/article/monero-dev-meeting-note-highlights-2016-10-16