[XMR] Monero Speculation

[rpietila]

Gambling to pay your debts ?

Yeah. But I have pocket nails (AA).

Just sell you castle maybe ?

100,000,000,000 in [certs; game] or equivalent.

[Whtwabbit]

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 Mummy will condemn the use of anon coins.

[drawingthesun]

Long time holder here, I would like answers to the following:

1. Do people still believe in XMR as a long term hold? (I do).

2. Is development still active?

3. What happened to rpietila? I thought he was the Monero investment jesus, what happened?

[nanobrain]

We're taking quite a battering today...not helped by the DDoS attacks Polo seems to be attracting.

Are you cashing out Risto?

That's quite a trust rating you are nurturing there....I'd put a but I know its no fun being a creditor with no credible possibility of being reimbursed.

I hope you find your way out of the dark place you find yourself at present (and make good to those you have let down).

[rpietila]

1. Do people still believe in XMR as a long term hold? (I do).

I as well (5% of portfolio).

2. Is development still active?

IDNTGAF&IIRC&AFAIK&ETC: YES.

3. What happened to rpietila? I thought he was the Monero investment jesus, what happened?

HE IS (HIM).

[nanobrain]

Long time holder here, I would like answers to the following:

1. Do people still believe in XMR as a long term hold? (I do).

2. Is development still active?

3. What happened to rpietila? I thought he was the Monero investment jesus, what happened?

1. Yes...and I reckon most here feel the same too.

2. Yes.  Oh yes.

3. Risto has had his problems, which seem to have spiralled out of control (see the previous pages for a couple of links to other threads).  I don't think his situation is any reflection on XMR or its potential.

[rpietila]

HOE U ESTONIAN (::Revalia/n) GIRL; WHAT T F U(+W(?), xN(??)) WANT (CAN/MUS/AYA*)?


*In Finnish: 'ai jaa' == 'GIVE FUCK (~)0'**
** Bluetext(rare=3)***
*** BOB(Blue_On_Blue)(rare=6)
(.)

[c789]

Long time holder here, I would like answers to the following:

1. Do people still believe in XMR as a long term hold? (I do).

2. Is development still active?

3. What happened to rpietila? I thought he was the Monero investment jesus, what happened?

1. Definitely.

2. Yes, very active. See https://github.com/monero-project, especially monero and monero-core. Multisig, Kovri I2P, and mobile are in the works.

3. Looks like he's here.

[Globb0]

Nor is it to do with XMR speculation

[CryptoPH]

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.

Yeah, I still remember >$25 was the target when XMR was at $0.50.
I didn't believed the target price at $30 within a year back then.
I was wrong, we even exceeded it to $35.
I must say, $100 should be easy at the end of this year or next year.

[Zegra]

I still remember too when monero was 0.50
Planned to buy some but kept postponing because I was in a break of crypto and then it skyrocketed to 6

I feel this will be 50 euros this summer, zt least. Looking at howfar we've come in a year.

[CryptoPH]

Long time holder here, I would like answers to the following:

1. Do people still believe in XMR as a long term hold? (I do).

2. Is development still active?

3. What happened to rpietila? I thought he was the Monero investment jesus, what happened?

1. IMHO, yes people believe in XMR (I do)

2. Yes, number of developers still bullish

3. You may ask him, it seems like he gave his answer already

[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.

The ones who bet me Simple=1 (normally: 1:1) get 1.xy:1 for all bets taken before xy'[ 0"] have passed from the timestamp of this post.

[CryptoPH]

I am filing my income tax for 2016, and I am wondering if you declare your XMR holdings in your income tax?

BTW, I live in the Netherlands.

[starmman]

I am filing my income tax for 2016, and I am wondering if you declare your XMR holdings in your income tax?

Where I am, I think I only need to declare it as capital gains when transferring back into fiat, but the rules will depend upon which country you are in. You should check with an accountant to be sure.

[Zegra]

I wouldn't. Of course, in my country cryptocurrency profits are for free because the high court of the EU declared cryptos as a currency (if you go on holidays outside of the eurozone, you don't pay taxes either for the foreign fiat currency you buy right?)
If the situation is different in your country, I'd argue that they aren't realized profits yet until you convert to fiat? You could still lose it all (from their perspective) so would be useless to pay taxes on income you never realized right?
But I'm not a lawyer.

[sp_skeptic]

I wouldn't. Of course, in my country cryptocurrency profits are for free because the high court of the EU declared cryptos as a currency (if you go on holidays outside of the eurozone, you don't pay taxes either for the foreign fiat currency you buy right?)
If the situation is different in your country, I'd argue that they aren't realized profits yet until you convert to fiat? You could still lose it all (from their perspective) so would be useless to pay taxes on income you never realized right?
But I'm not a lawyer.

In the US this is kind of a grey area. The question is whether exchanging one crypto for another is a "like kind" transaction. If you sell one pasture and buy another that is considered a like kind transaction and you don't have to pay taxes, you just carry the basis forward. But if you sell one stock and buy another that is specifically not considered like kind and you have to pay taxes.

The IRS hasn't ruled on crypto as like kind or not, but most people who have looked into it, including myself, think it's not. So if you sell appreciated Bitcoin to buy Monero you have to pay taxes on your gain in Bitcoin.  Even if you decide to claim like kind on crypto transactions you have to report the transaction to the IRS, so they will know who to come after when they finally make a ruling.

The one thing you do not want to do is fail to declare your crypto transactions to the IRS. They WILL find you.

[MataKhobRazi]

I wouldn't. Of course, in my country cryptocurrency profits are for free because the high court of the EU declared cryptos as a currency (if you go on holidays outside of the eurozone, you don't pay taxes either for the foreign fiat currency you buy right?)
If the situation is different in your country, I'd argue that they aren't realized profits yet until you convert to fiat? You could still lose it all (from their perspective) so would be useless to pay taxes on income you never realized right?
But I'm not a lawyer.

If you buy for example usd with eur to go to USA just for a holliday trip and the usd goes up, there is no tax to pay. But if you make trading betwen currencies [= buy and sell in a profit logic], you then have to pay taxes on your profits (even in the EU). The same logic applies to cryptocurreny if bitcoin for example is recognized by the law as a currency. [Switzerland may have a different approach on that question]

[rpietila]

I thikn $100 is easy peasy go this year..

[S.Clegane]

Maybe somebody knows when they are planning website redesign?