[XMR] Monero Speculation

[explorer]

C$41 and climbing.  Of course, the whole field of alts is going fucking looney, and BTC holding near $1600 US.  Not sure what world this is 

[ozkraut]

Hi all,
Great to see another ATH. I'm not looking to sell right now, but I am looking for information/advice on direct XMR to fiat conversion for large sums.

It seems that services include Kraken, Bitfinex, and maybe Bitsquare.

Does anyone have any experience using these services? KYC issues? Withdrawal limits? Security? Privacy?
Best, Q

I would be interested in this too - if I convert to BTC then go to Polo - Stamp, then convert USD to Euro to get it out by SEPA, which is in turn converted to GBP by my bank, it loses a fair bit in charges overall...

To be honest, I would prefer a way to simply spend XMR directly, but this is a long way off, even for BTC it's not 'easy' to just buy stuff.

we are lucky in Australia: got livingroomofsatoshi. takes xmr direct. I send to my bank, paid bills, registered motorbike. all straight xmr

[KeyJockey]

C$41 and climbing.  Of course, the whole field of alts is going fucking looney, and BTC holding near $1600 US.  Not sure what world this is 

Either a world that's gone fucking looney as you said, LOL, or a world where the long-awaited "S-Curve" of cryptocurrency is finally starting to happen...

I hope it's the latter *but* having been burned once too often in the last 3 years I still fully expect at least a few more "head-fakes" before S-Curve is real.

We'll see.  IAC not making any more changes to the portfolio, come what may.

Now it's just popcorn time and watching the pretty green candles rise up and to the right

[CoinCidental]

C$41 and climbing.  Of course, the whole field of alts is going fucking looney, and BTC holding near $1600 US.  Not sure what world this is 

Either a world that's gone fucking looney as you said, LOL, or a world where the long-awaited "S-Curve" of cryptocurrency is finally starting to happen...

I hope it's the latter *but* having been burned once too often in the last 3 years I still fully expect at least a few more "head-fakes" before S-Curve is real.

We'll see.  IAC not making any more changes to the portfolio, come what may.

Now it's just popcorn time and watching the pretty green candles rise up and to the right

HODL gentlemen
if it isnt this time ,it will be next time
crypto favours strong hands ,just like everything else .........

[ozkraut]

C$41 and climbing.  Of course, the whole field of alts is going fucking looney, and BTC holding near $1600 US.  Not sure what world this is  

Either a world that's gone fucking looney as you said, LOL, or a world where the long-awaited "S-Curve" of cryptocurrency is finally starting to happen...

I hope it's the latter *but* having been burned once too often in the last 3 years I still fully expect at least a few more "head-fakes" before S-Curve is real.

We'll see.  IAC not making any more changes to the portfolio, come what may.

Now it's just popcorn time and watching the pretty green candles rise up and to the right

HODL gentlemen
if it isnt this time ,it will be next time
crypto favours strong hands ,just like everything else .........

Yep -hodl, long, take profit, buy more monero. Been a rinse and repeat of note last couple of days so far

[infofront]

Anybody care to speculate guess how high we'll go?

[Hueristic]

Bad time to be short. LOL

[cAPSLOCK]

Too soon?

[Hueristic]

Too soon?

Hah, yeah. It's still a playground for whales. Nice to see though, after watching all the scamcoins mooning. I think there is going to be alot of room still for buying and selling on the way up.

XMR is famous for it's shakeouts.

[cryptimus prime]

I could once again say: I told you so...

But I won`t. Enjoy the ride.

[cAPSLOCK]

I could once again say: I told you so...

But I won`t. Enjoy the ride.

No, go ahead... It doesn't bother me any.

[Nathan047]

Well, I sure am glad I stocked up a bit more that usual, because we are already at 30$+ and climbing fast. I guess we were due for a pump anyway DASH, Ethereum, and LiteCoin got theirs.

[Globb0]

Is this the chance to get back some of the coins that were robbed from me in the past by exit scam.

As usual I find myself too scared to flip in and out.

I'm just like a rabbit in the headlights, I keep looking but I am not moving!

[Febo]

Hi all,
Great to see another ATH. I'm not looking to sell right now, but I am looking for information/advice on direct XMR to fiat conversion for large sums.

It seems that services include Kraken, Bitfinex, and maybe Bitsquare.

Does anyone have any experience using these services? KYC issues? Withdrawal limits? Security? Privacy?
Best, Q

No Bitfinex they have closed fiat withdrawals for some time now. Best is Kraken, but ofcourse you will have no anonimity there.

Anybody care to speculate guess how high we'll go?

We will go to $500 and beyond, but with lost of stops in the meantime's.

[OrangeP]

There it is, our long overdue pump!

Only issue is we're a bunch of hodlers eh?  

To join the club of cryptimus prime and others: Told you so!

[Globb0]

Volume is up.



Drives market cap right

[7thKingdom]

This really is an interesting situation...  I cannot come up with a really good analysis really.

I've seen that situation before, and I can't figure it out either. All I can say is that I've seen it a handful of times and that the price is still on an upward trend, so I don't sweat it...although I definitely don't get it...maybe it's the only one with real and not inflated value?

Of the list Monero is the only with a 'real' distribution (organic), some others like LTC and ETH have some decent distribution but its offset by awful concentration or premine. I would say Monero is the only real coin besides Bitcoin.

You know... with there being thousands in BTC volume traded daily.  Millions of dollars a day... there is only really one reason the price is resisting the greater trends in an amazing bull market where even known scam coins are growing orders of magnitude in value.

Someone is selling.

Our bull market is being quietly held down by someone or someones selling.

I believe it's that simple.

I believe quite a few people have a vested interest in keeping Monero's price low (relative to the insanity that has been going on recently).

With so many other coins pumping there is a lot of money to be made short term. If you were a long term Monero believer but also liked to play the short game and had the money to move/hold a market, it would make sense to put downward pressure on Monero while making a killing on the other alts.

All that profit is a lot less valuable if Monero rises the same amount. But if Monero can be pressured down it gives a relatively great entry point with all that new influx of cash from the other altcoin bubbles.

Ride the pump of other alts, profit, flip it into more monero for the long term. But that only works if monero can be contained.

[infofront]

We're having a pullback now, but it seems to be on decreasing volume.

[7thKingdom]

Not to mention you don't have to be a whale to have this mentality.

During bull markets FOMO is the name of the game and Monero has the reputation of being "not like the other alts" which puts it further outside the FOMO bubble investing mindset. People want to make a quick buck, that's human nature. No one wants to put money into a relatively stable asset (for crypto anyway) when that quick easy profit is staring them in the face elsewhere.

Monero's reputation is great for the real world and long term. But it doesn't exactly scream FOMO during a bull market where anything and everything is pumping.

[infofront]

Good points, 7thKingdom.