[XMR] Monero Speculation

[Billy Bunter]

I expect TC to walk back in the door anytime now.

[cAPSLOCK]

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.

This has been the reasoning I have been using for some months, but the longer we go this direction the more pressure this would be under IMHO.  The reason I have been becoming more and more astonished recently is so much money is being moved around in the other alts, some of which are utter garbage and all but the unwashed few know it.  Eventually that money is going to need to come back to BTC or one of the few true and cryptologically sound alts, and specifically ones that offer value for other reasons.

XMR offers exactly the type of functionality that people who make a killing off the ALT bull run would want to leverage in the aftermath of their spoils.  I would expectr a delayed, but even greater bull run in XMR once the one in the rest of altlandia is over... but then does the alt crash aim that money at BTC or USD first?

Very interesting time, I say again.  Lot's of fortunes will be made...

...and lost.

[cAPSLOCK]

[malekbaba]

Monero is a sleeping dragon. It will go up in most unexpected time. Monero will never act like other alts.
Look at monero against USDT now:
https://poloniex.com/exchange#usdt_btc

All are red but giant xmr is green

[explorer]

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.

This has been the reasoning I have been using for some months, but the longer we go this direction the more pressure this would be under IMHO.  The reason I have been becoming more and more astonished recently is so much money is being moved around in the other alts, some of which are utter garbage and all but the unwashed few know it.  Eventually that money is going to need to come back to BTC or one of the few true and cryptologically sound alts, and specifically ones that offer value for other reasons.

XMR offers exactly the type of functionality that people who make a killing off the ALT bull run would want to leverage in the aftermath of their spoils.  I would expectr a delayed, but even greater bull run in XMR once the one in the rest of altlandia is over... but then does the alt crash aim that money at BTC or USD first?

Very interesting time, I say again.  Lot's of fortunes will be made...

...and lost.

https://asktom.cf/index.php?topic=753252.msg18473030#msg18473030

[KeyJockey]

Monero is a sleeping dragon...

LOL, and occasionally -- as apparently happened today -- the dragon has a little dream and breathes a little fire, while still asleep!

Imagine what will happen when our dragon actually fully WAKES UP!!!  

[LennyCarl]

Monero is a sleeping dragon...

LOL, and occasionally -- as apparently happened today -- the dragon has a little dream or something and breathes a little fire, while still asleep!

Imagine what will happen when our dragon actually fully WAKES UP!!!  

Fluff the magic dragon? 🐉 😃

[smoothie]

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

Perhaps there is no analysis. Just pump kids pumping their coins. Nothing to analyze about that.

[smoothie]

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.

Or on the flip side someone wants to keep the price down below the ATH to form an ascending triangle thus the blow off will be that more epic. The more pressure builds in sideways movement the higher the pop will go IMO.

[IntroVert]

Too soon?

I think so... maybe this is more appropriate?

[willyum]

Where is the safest place to hold coins? Instructions on how to set up wallet would also be great I am using a mac..

[owlcatz]

Where is the safest place to hold coins? Instructions on how to set up wallet would also be great I am using a mac..

On your computer. Download/sync the blockchain using the latest binaries - once you have it synced, backup either your seed or your .keys file. I'd do both. You don't ever need to worry about your wallet once you have the seed you can always restore it from scratch. I've had one wallet for 3 years now and despite a few corruptions and issues, I've not lost anything, and it's just another reason I think XMR is ahead of BTC. Thanks.

Edit - here you go - gui2

https://getmonero.org/2017/03/29/monero-gui-beta-2-released.html

Edit 2 - Thank you Bitcoinnewsmagazine - https://www.monero.how/tutorial-how-to-use-the-monero-gui-wallet

[BitcoinNewsMagazine]

Good question. There is no hardware wallet for Monero yet. If you want to use the GUI just use a strong password and set up by the guide here. It would be great if there were a way to do cold storage with two computers like we used to do with Armory before Trezor came out.

[owlcatz]

Good question. There is no hardware wallet for Monero yet. If you want to use the GUI just use a strong password and set up by the guide here. It would be great if there were a way to do cold storage with two computers like we used to do with Armory before Trezor came out.

But you can do cold storage just not multisig yet - just generate an address using code from https://moneroaddress.org/ offline and fund it. I have done this a few times and have never lost anything.

[saddambitcoin]

Good question. There is no hardware wallet for Monero yet. If you want to use the GUI just use a strong password and set up by the guide here. It would be great if there were a way to do cold storage with two computers like we used to do with Armory before Trezor came out.

It is already possible to do cold storage signing of transactions with monero-wallet-cli AND the new GUI beta 2. However this is a new feature and there is little to no documentation on how to do so, apart from some guides on monero stackexchange. I'll see if I can put a quick guide together over the weekend (for GUI. anyone motivated enough to use cli these days should be able to figure it out).

[BitcoinNewsMagazine]

Good question. There is no hardware wallet for Monero yet. If you want to use the GUI just use a strong password and set up by the guide here. It would be great if there were a way to do cold storage with two computers like we used to do with Armory before Trezor came out.

It is already possible to do cold storage signing of transactions with monero-wallet-cli AND the new GUI beta 2. However this is a new feature and there is little to no documentation on how to do so, apart from some guides on monero stackexchange. I'll see if I can put a quick guide together over the weekend (for GUI. anyone motivated enough to use cli these days should be able to figure it out).

Hey thanks! That would be great. I have been playing around with the GUI beta 2 and have not been able to figure out the right procedure for cold storage.

[willyum]

Any idea when the hardware for a wallet will be available?

[Febo]

Any idea when the hardware for a wallet will be available?

Most likely not this year.
Tresor is now working on new version and only after will be made will start putting interest into adding new coins. Ledger is not sure what doing it has it on their road map but without any date. 
I think Ledger said that they would start doing it if they have grantee to sell 1000 Ledger wallets. You could search for that info somewhere.

[saddambitcoin]

Good question. There is no hardware wallet for Monero yet. If you want to use the GUI just use a strong password and set up by the guide here. It would be great if there were a way to do cold storage with two computers like we used to do with Armory before Trezor came out.

It is already possible to do cold storage signing of transactions with monero-wallet-cli AND the new GUI beta 2. However this is a new feature and there is little to no documentation on how to do so, apart from some guides on monero stackexchange. I'll see if I can put a quick guide together over the weekend (for GUI. anyone motivated enough to use cli these days should be able to figure it out).

Hey thanks! That would be great. I have been playing around with the GUI beta 2 and have not been able to figure out the right procedure for cold storage.

Here you go.

https://asktom.cf/index.php?topic=583449.msg18896526#msg18896526

[Nathan047]

Any idea when the hardware for a wallet will be available?

I don’t think (at least as far as I am aware of) that there is a hardware wallet in the making for Monero. I do think it would be nice to have a hardware or light wallet available, perhaps sometime soon we’ll see one.