[XMR] Monero Speculation

[el testosteron]

When do you think the resistance of 0.019 will be broken and Monero is ready to stabilize above 0.02 for preparing the rocket countdown to the Moon?

When it bubbles to 03 I feel it will stabilize above 019. Could happen as soon as mid oct but prob not between mid Oct and the elections as I expect people to load up on btc.

[drawingthesun]

@drawingthesun

You are wrong. ETH as a (payment) coin is useless. And thats my point.

With ONE ETH you can form trillion shares, tickets and voucher points for example.
1000 ETH should be enough to handle all assets and tokens on this planet forever.

I think you have countered your own point with your own stats.

Obviously ETH is something more than just gas.

And thats exactly why ETH is a bubble. People like you dont understand what i say because they dont understand how ETH is working. I do. And thats why i'm right when i compare ETH and XMR in the matter of price. ETH has no financial value cause as you correctly said, its main purpose is not financial. It's contracts! I never said ETH has no valid reason to exist. But really, i dont care buddy if you invest in ETH, do what makes you happy
I know how this financial hype about ETH will end. And when the crash comes, ETH will still exist and work. But maybe than all traders will go to understand what ETH actually is made for.

What makes you so sure that ETH has this one and only purpose?

[drawingthesun]

When do you think the resistance of 0.019 will be broken and Monero is ready to stabilize above 0.02 for preparing the rocket countdown to the Moon?

When it bubbles to 03 I feel it will stabilize above 019. Could happen as soon as mid oct but prob not between mid Oct and the elections as I expect people to load up on btc.

Or if BTC actually falls down a lot further then 0.03 might be a good stability point as it's USD value would remain the same. (Possibly)

[N-rG]

What makes you so sure that ETH has this one and only purpose?

Please stop trolling around and read properly. https://www.ethereum.org

Back to important things:

LOAN OFFERSTotal: 369280.53237829 XMR (20th Sept.)
.....
LOAN OFFERSTotal: 206596.35664249 XMR (27th Setp.)
LOAN OFFERSTotal: 230399.83850490 XMR (today)

So there is a lot room to go up to at least 190+ soon when the shorters close their positions.

[TrueCryptonaire]

What makes you so sure that ETH has this one and only purpose?

Please stop trolling around and read properly. https://www.ethereum.org

Back to important things:

LOAN OFFERSTotal: 369280.53237829 XMR (20th Sept.)
.....
LOAN OFFERSTotal: 206596.35664249 XMR (27th Setp.)
LOAN OFFERSTotal: 230399.83850490 XMR (today)

So there is a lot room to go up to at least 190+ soon when the shorters close their positions.

In the history the short positions are closed by some whale dumping their coins to the covering bids. I hope this time it is different and the short closing season will take place by pumping Monero.

[nioc]

When do you think the resistance of 0.019 will be broken and Monero is ready to stabilize above 0.02 for preparing the rocket countdown to the Moon?

Obviously when the core/official GUI is released.  So that makes it either:

A) soon™
or
B) 2 weeks

[smoothie]

What makes you so sure that ETH has this one and only purpose?

Please stop trolling around and read properly. https://www.ethereum.org

Back to important things:

LOAN OFFERSTotal: 369280.53237829 XMR (20th Sept.)
.....
LOAN OFFERSTotal: 206596.35664249 XMR (27th Setp.)
LOAN OFFERSTotal: 230399.83850490 XMR (today)

So there is a lot room to go up to at least 190+ soon when the shorters close their positions.

This doesn't account for people who just removed their coins from lending ^

Hard to use these numbers as anything indicative of current open shorts.

[thetruefelipe]

Hello guys, I am new in this forum however I was watching this thread for almost 2 months now, bought some XMR and bagholding it...
My question is if there would be any point in setting up a XMR ATM, like a lot of people already did with bitcoin. And of course make some small profit out of fees.
I am interested about your opinion, or is it even possible with the lack of GUI?

[aminorex]

...there are people like you that are believers in what I call "onecoin".  This is the flawed concept that there can only be the one coin, no matter what that coin does.

...people that want to trade and park their money in an anonymous currency now have two technologies to choose from. And anyone smart will put their money in both. (hedging in case the tech in one of them ever fails)

Regarding the first point, the dominant counter-argument is that liquidity is a natural monopoly, because liquidity abhors frictions.  There is only one coin which presently offers a usable level of liquidity with fungibility.  In order to seize that crown will require an order-of-magnitude improvement (and definitely not an ambiguous corporate unfair Mossad-coin).

Regarding the second point, hedges are not all alike.  Some cost more than they are worth.  Buying things that cost more than they are worth is not a good strategy.  (Personally I would like to see ZK anon support folded into XMR.  I'm not sure how yet.  I am beginning to work on a draft, but it is very incomplete.)

I do agree that apples and oranges are different things.  Ethereum does fulfill a very different function.  But it has severe flaws, two of which suffice to spoil it for me:  Firstly, there is the governance risk implied by the cult of Vitalik.  We saw how disastrous this could be in the DAO fork.  Secondly, the very notion of "Turing-complete" platform is fundamentally broken and mistaken: All contracts must be decidable.  I consider these reasons sufficient to believe that some other platform will be the dominant smart-contract platform.  

[aminorex]

Hello guys, I am new in this forum however I was watching this thread for almost 2 months now, bought some XMR and bagholding it...
My question is if there would be any point in setting up a XMR ATM, like a lot of people already did with bitcoin. And of course make some small profit out of fees.
I am interested about your opinion, or is it even possible with the lack of GUI?

Absolutely possible.  The ATM interface is the GUI for ATM users.  If you do any diligence on the kiosk hardware options, please share.

[aminorex]

I observe that the 15 and 30 minute accumulation cycles are now more persistent than the distribution cycles.  This suggests the possibility that we are forming a base, intraday, at present.

[TrueCryptonaire]

Hello guys, I am new in this forum however I was watching this thread for almost 2 months now, bought some XMR and bagholding it...
My question is if there would be any point in setting up a XMR ATM, like a lot of people already did with bitcoin. And of course make some small profit out of fees.
I am interested about your opinion, or is it even possible with the lack of GUI?

GUI = Graphic User Interface (however I would prefer General User Interface).
It basically means transacting of Monero is made sexier. GUI is beneficial when you want to attract ordinary people who are not super tech savy (obviously somewhat savyness is needed in order to use crypto). Sure Monero has flashy webwallet but some people might not feel comfortable storing their money in third part wallet..
What I am waiting for is Monero Trezor, a wallet that has a hardware which is needed in order to send coins or to log in your wallet.

I think one topic to speculate should be: will there ever be official GUI for XMR?

[N-rG]

Oups, how could i miss to post that 

GUI should be ready soon:

<fluffypony> Kermit_: do you mean the GUI wallet, or the next tagged release?
<Kermit_> Yes gui
<kintaji> fluffypony - Okay. Just to say there are some oddities with the current flag page. Can expand at a later time.
<fluffypony> Kermit_: not certain yet - I'll look at building beta binaries in the next week or so
<Kermit_> Thanks

https://getmonero.org/2016/09/11/overview-and-logs-for-the-dev-meeting-held-on-2016-09-11.html

[smoothie]

Hello guys, I am new in this forum however I was watching this thread for almost 2 months now, bought some XMR and bagholding it...
My question is if there would be any point in setting up a XMR ATM, like a lot of people already did with bitcoin. And of course make some small profit out of fees.
I am interested about your opinion, or is it even possible with the lack of GUI?

GUI = Graphic User Interface (however I would prefer General User Interface).
It basically means transacting of Monero is made sexier. GUI is beneficial when you want to attract ordinary people who are not super tech savy (obviously somewhat savyness is needed in order to use crypto). Sure Monero has flashy webwallet but some people might not feel comfortable storing their money in third part wallet..
What I am waiting for is Monero Trezor, a wallet that has a hardware which is needed in order to send coins or to log in your wallet.

I think one topic to speculate should be: will there ever be official GUI for XMR?

"General" to me is too general. Who determines what "general" actually is?

That is why it was coined as "Graphical" in computer science to be explicitly clear that there are graphics involved.

Generality can be assume to be CLI as well, depends on who you are.

[nioc]

Oups, how could i miss to post that 

GUI should be ready soon:

<fluffypony> Kermit_: do you mean the GUI wallet, or the next tagged release?
<Kermit_> Yes gui
<kintaji> fluffypony - Okay. Just to say there are some oddities with the current flag page. Can expand at a later time.
<fluffypony> Kermit_: not certain yet - I'll look at building beta binaries in the next week or so
<Kermit_> Thanks

https://getmonero.org/2016/09/11/overview-and-logs-for-the-dev-meeting-held-on-2016-09-11.html

That was from over 2 weeks ago. If you have been following things you'll know that fluffypony is not doing the beta binaries because there are still bugs.  Yes there is information all over the place so it's sometimes hard to keep track. Just yesterday there were some GUI commits.

I think one topic to speculate should be: will there ever be official GUI for XMR?

How should I troll?  Let me count the ways.

Everyday the time till the release of the GUI will be cut in half.

[elrippo]

Hmmmm, looks to me we will get the low of round about 0,010 around 10'th of october. From there we should see a nice rise to somewhere 0,020 at around 02'nd of november, if we hit the 0,010 around 10'th of october 

If we stay at the current 0,015 level until 15'th of october, well, then things will get interesting 

[dEBRUYNE]

Oups, how could i miss to post that 

GUI should be ready soon:

<fluffypony> Kermit_: do you mean the GUI wallet, or the next tagged release?
<Kermit_> Yes gui
<kintaji> fluffypony - Okay. Just to say there are some oddities with the current flag page. Can expand at a later time.
<fluffypony> Kermit_: not certain yet - I'll look at building beta binaries in the next week or so
<Kermit_> Thanks

https://getmonero.org/2016/09/11/overview-and-logs-for-the-dev-meeting-held-on-2016-09-11.html

That was from over 2 weeks ago. If you have been following things you'll know that fluffypony is not doing the beta binaries because there are still bugs.  Yes there is information all over the place so it's sometimes hard to keep track. Just yesterday there were some GUI commits.

As far as I know he means the issues reported by medusa, which you can see here:

https://github.com/monero-project/monero-core/issues

As far as I can see from the commits, all issues have been fixed except #26. Also, not sure about #29, but that's more a feature than a bug.

[dEBRUYNE]

"How to Buy Monero with Bitcoin: A Complete Guide"

https://moneroeric.com/buy-monero-bitcoin-shapeshift-poloniex/

[Shiroslullaby]

Thanks for posting this article lethos3.
RingCT is really interesting. Privacy is obviously one of the main attraction points with Monero.
this will I'm not sure if increase the userbase/ price of the coin, but it probably can't hurt.

[rigrenter]

Is there any good option to rent mining rigs or hashing power to mine Monero if I don't have a mining rig?