[XMR] Monero Speculation

[nioc]

Polo down?  


e: holy shit that sell.. would've happily bought some of that.

I think nobody got any of that unless they already had the net out to catch it when it fell.  I tried, but polo just locked up on me.
It's weird how I often seem to watch these things unfold.  I don't spend that much time watching charts.  (Do I?  )

Yes funny business seems to happen repeatly when exchanges have "issues".  Kraken had problems at the same time as Polo and on polo many coins had selloffs at the same time as Monero. 

It also seems that after alts rise there is a selloff and then bct rises.  It happened this time. 

[c789]

Glad to see a sell order like this does not cause a huge panic within Monero holders.

Crap. I missed another dip.

As for panic, XMR is coin I'm least worried about. It actually does something well (fungibility/privacy), has real-world use, and is being used. It's still undervalued. Bagholders of other alts are going to need a lot of antacids when BTC settles down.

The only caveat to this IMHO is when the ALT bubble bursts that is naturally going to drag XMR with it.  We can only hope that the muted participation in the bubble is matched by the participation in the carnage.

One coin that seems to be done is PIVX. If they got into it for privacy, then their best bet would be to move into XMR. As for a bubble, I think Monero is minimally affected by it...I mean, Monero actually does something and does it better than any other coin. So many of those other coins don't have any real-world use and are pumping...makes no sense. And Ripple? I know banks showed interest and that's the reason for its pump...but banks?

For Monero, I think this was the market playing catchup and it's not caught up yet. I prefer slow and steady growth, and I think we'll see jumps when features like multisig and Kovri come out. That being said, I'm in Monero for the fungibility/privacy, and the price is icing on the cake.

[JerryWinski]

$100+ for Monero, I lost $20,000+ (U.S.D) in a week because I was uninformed and I didn't really understand what Monero was. I didn't think it would come back even stronger. It has been like 6-7 months but I have been proven wrong. I thought the pump and dump last year was over for Monero but never mind, I was foolish. HODL.

P.s HODL! (Hold-On-to-Dear-Life), Whatever, it was only $20,000+, at least wasn't $2,000,000+

Oh yeah Monero at 100 by the end of the month. Mark my words! I bought in after the initial pump and have already made decent gains but I think we will see a $100.00 Monero. HODLING!

[neilol-real]

Polo down again..

Fingers crossed for my absurdly low buy orders 

[Zegra]

This dump is great. I think it's done by someone who wanted to jump in on the rising Bitcoin price.
Took the opportunity to place a decent buy order. I moved the price up one euro. Sorry for the others who were hoping for cheap monero but it's still cheap compared to the 29 euros of yesterday!

The price is still 31 dollar. I think there is no dump.

On Kraken yesterday, the price was above 30 euros briefjly and then settled again at 29 euros. When I got up in the morning it was 25 euros. Instabuy for me because I got a few new Bitcoins out of Ripples pump.

The only caveat to this IMHO is when the ALT bubble bursts that is naturally going to drag XMR with it.  We can only hope that the muted participation in the bubble is matched by the participation in the carnage.

The altcoin bubble will burst for sure. I don't know when it's going to be, looks to me it can all still pump this week. However, I do think that once the altcoin bubble bursts, there is going to be a lot of altcoins who go to the graveyard. I'm pretty sure Monero is going to be one of the altcoins that rises again. (Just like BTC always recovered from its bubbles in 2013 and this year)

This dump is great. I think it's done by someone who wanted to jump in on the rising Bitcoin price.
Took the opportunity to place a decent buy order. I moved the price up one euro. Sorry for the others who were hoping for cheap monero but it's still cheap compared to the 29 euros of yesterday!

I am sure you answered on this question who dumped already yesterday.

I know it is. But the pump happened in 10 minutes. Occam's razor is telling me this is just a pump unless it was someone with REALLY big pockets that got suddenly genuinely interested in Monero.

The guy who bought few hours before with hope for sheeps to follow him dumped when was not much result, since Monero is not just an altcoin that grows extremely without any reason.

You could be right. But usually when BTC makes a move up, there is a selloff of altcoins. A little dip which gets bought back in a matter of time. Or it's a combination of both.

[bovcan]

It's a bad news in a thread when people start talking about their fantasy dream prices in the future and not what the present reality is.  It reeks of desperation and that is not encouraging.

XMR underperformed in the recent alt mania, but it is still up over 50% in about a week in USD terms, so I'm trying not to complain too loudly.  I wish there was more aggressive active development around this coin, but I still believe in it and I have a large chunk of my funds invested.

The market doesn't seem too enamored by it at the moment.  Maybe that will change or maybe not, but time will tell.

[rpietila]

The following clauses hold true in 50.01% or higher probability (in my opinion), so I can bet 1:1 on anyone (OTC, any amt&currency(or cross-currency)) who does NOT believe (every item is a separate bet in this case);

if you bet (correctly) that:
A) nothing happens, I pay 7:1;

if you bet that
B) at least one does not happen (and they all do, by 31.12.2017), you pay 7:1):


CLAIMS:

1. Bitcoin (BTC) will reach $2000 this year.

2. Monero (XMR) will reach $50 this year.

3. CK will reach $100 million market cap this year.


I am open to favorable early settlements. I need to raise about $10 million to pay my debts.

[owlcatz]

The following clauses hold true in 50.01% or higher probability (in my opinion), so I can bet 1:1 on anyone (OTC, any amt&currency(or cross-currency)) who does NOT believe (every item is a separate bet in this case);

if you bet (correctly) that:
A) nothing happens, I pay 7:1;

if you bet that
B) at least one does not happen (and they all do, by 31.12.2017), you pay 7:1):


CLAIMS:

1. Bitcoin (BTC) will reach $2000 this year.

2. Monero (XMR) will reach $50 this year.

3. CK will reach $100 million market cap this year.


I am open to favorable early settlements. I need to raise about $10 million to pay my debts.

You are really delusional af. Get a head and start using it, please and stop ripping off the people who trusted you, piece of shit asshole loser scammer.  

https://asktom.cf/index.php?topic=1890786.msg18782403#msg18782403

[nanobrain]

It's a bad news in a thread when people start talking about their fantasy dream prices in the future and not what the present reality is.  It reeks of desperation and that is not encouraging.

Welcome newbie 

It is a speculation thread but nevertheless, I think the majority of participants here are grounded and objective.

If you want desperation you should check out Adam's wall observer threadhttps://asktom.cf/index.php?topic=178336.0....tell them they 'reek of desperation' and see how long you last before being bashed by the BTC cultists. 

[KeyJockey]

...I wish there was more aggressive active development around this coin, but...

Umm... no, sorry (and, devs, please correct me here IF I am wrong?) pretty sure that XMR is second only to bitcoin in the number and frequency of github commits and/or active contributors.

Nice try.

[OrangeP]

It's a bad news in a thread when people start talking about their fantasy dream prices in the future and not what the present reality is.  It reeks of desperation and that is not encouraging.

XMR underperformed in the recent alt mania, but it is still up over 50% in about a week in USD terms, so I'm trying not to complain too loudly.  I wish there was more aggressive active development around this coin, but I still believe in it and I have a large chunk of my funds invested.

The market doesn't seem too enamored by it at the moment.  Maybe that will change or maybe not, but time will tell.

Monero is and will be a niche coin.
I think it's fine to dream. This is speculation after all.
When XMR was 30 cents, $30 was a dream.

[BlindMayorBitcorn]

It's a bad news in a thread when people start talking about their fantasy dream prices in the future and not what the present reality is.  It reeks of desperation and that is not encouraging.

Welcome newbie 

It is a speculation thread but nevertheless, I think the majority of participants here are grounded and objective.

If you want desperation you should check out Adam's wall observer threadhttps://asktom.cf/index.php?topic=178336.0....tell them they 'reek of desperation' and see how long you last before being bashed by the BTC cultists. 

Some of us are alright. 

[aminorex]

Monero is and will be a niche coin.

Until it isn't.  That particular niche is a peculiarly viral one, under the right conditions - conditions such as financial repression, bail-ins, quantitative easing, negative interest rates, confiscatory taxation, capital controls, counterparty chain failures, trade globalization, commodity deflation, sovereign instability, overregulation of trade, graft and extortion, kidnappings, class war, Owellian surveillance, corporate secrecy.  Oh, and then there is scalability...

If the world were becoming a safer, more congenial place, in which human dignity and self-determination was in the ascendance, the importance of privacy might erode over time.  If instead it becomes more dangerous, less stable, if the power of the rapacious rises, and confidence in the social, political, legal and economic paradigm declines, then the appeal of privacy, and it's market value, will rise, or even explode.

My view is that the probability mass is firmly on the latter side, culminating in a failure of old paradigms, and their replacement with new ones which are more robust to the causes of recent instability, and better adapted to the new opportunities which arise in the meantime.

We can calibrate from the mid-2013 precedent what marketcap is suppored by DNMs alone (accounting for their growth, and scaling by present market share).  It is enough to make it feasible to transact in a freely floating crypto at most practical sizes.  Securing wealth will drive the big gains after some such threshold is passed.  Confidential corporate transactions would suffice to take it "mainstream" soon thereafter.

[c789]

I've discovered the secret to making the XMR price dip. If I don't check the price for more than an hour...dip! Equally amazing: when I return to the computer/check the phone, the price has already climbed a respectable distance out of the dip. 

If any of you are looking to time a dip and scoop up relatively cheap XMR, just PM me some XMR and I will walk away for 90 minutes.

[OrangeP]

Monero is and will be a niche coin.

Until it isn't.  That particular niche is a peculiarly viral one, under the right conditions - conditions such as financial repression, bail-ins, quantitative easing, negative interest rates, confiscatory taxation, capital controls, counterparty chain failures, trade globalization, commodity deflation, sovereign instability, overregulation of trade, graft and extortion, kidnappings, class war, Owellian surveillance, corporate secrecy.  Oh, and then there is scalability...

If the world were becoming a safer, more congenial place, in which human dignity and self-determination was in the ascendance, the importance of privacy might erode over time.  If instead it becomes more dangerous, less stable, if the power of the rapacious rises, and confidence in the social, political, legal and economic paradigm declines, then the appeal of privacy, and it's market value, will rise, or even explode.

My view is that the probability mass is firmly on the latter side, culminating in a failure of old paradigms, and their replacement with new ones which are more robust to the causes of recent instability, and better adapted to the new opportunities which arise in the meantime.

You are right on everything except that the majority of people care. When the current paradigm breaks, an even more non free society will overtake. Socialism is on the rise.

1: People will use the most convenient payment method. Not the most private.
2: Governments will condemn the use of anon coins.

[elrippo]

This dump is great. I think it's done by someone who wanted to jump in on the rising Bitcoin price.
Took the opportunity to place a decent buy order. I moved the price up one euro. Sorry for the others who were hoping for cheap monero but it's still cheap compared to the 29 euros of yesterday!

Well played whale 

[elrippo]

The following clauses hold true in 50.01% or higher probability (in my opinion), so I can bet 1:1 on anyone (OTC, any amt&currency(or cross-currency)) who does NOT believe (every item is a separate bet in this case);

if you bet (correctly) that:
A) nothing happens, I pay 7:1;

if you bet that
B) at least one does not happen (and they all do, by 31.12.2017), you pay 7:1):


CLAIMS:

1. Bitcoin (BTC) will reach $2000 this year.

2. Monero (XMR) will reach $50 this year.

3. CK will reach $100 million market cap this year.


I am open to favorable early settlements. I need to raise about $10 million to pay my debts.

Oohhh my god, you are playing with your life right now 

[aminorex]

You are right on everything except that the majority of people care. When the current paradigm breaks, an even more non free society will overtake. Socialism is on the rise.

1: People will use the most convenient payment method. Not the most private.
2: Governments will condemn the use of anon coins.

The less free the society, the more need and value in privacy.  Convenience can rule only until fear kicks in.  Anyhow, Monero will only become more convenient over time. Besides which, popular use doesn't really impact the price nearly so much as *large* use.  Especially large *reserve* use.  People don't get to vote on this question - dollars do (or eur, gbp, rmb, jpy etc.).

[rpietila]

Oohhh (i)my god, you are playing with (ii)your life right now 

i) AT EASE.

ii) How much, and which one?

[Mallyx]

The following clauses hold true in 50.01% or higher probability (in my opinion), so I can bet 1:1 on anyone (OTC, any amt&currency(or cross-currency)) who does NOT believe (every item is a separate bet in this case);

if you bet (correctly) that:
A) nothing happens, I pay 7:1;

if you bet that
B) at least one does not happen (and they all do, by 31.12.2017), you pay 7:1):


CLAIMS:

1. Bitcoin (BTC) will reach $2000 this year.

2. Monero (XMR) will reach $50 this year.

3. CK will reach $100 million market cap this year.


I am open to favorable early settlements. I need to raise about $10 million to pay my debts.

You are really delusional af. Get a head and start using it, please and stop ripping off the people who trusted you, piece of shit asshole loser scammer.  

https://asktom.cf/index.php?topic=1890786.msg18782403#msg18782403

Gambling to pay your debts ?
Just sell you castle maybe ?