[XMR] Monero Speculation

[KiXiNiT]

Monero drops down to #9 on coinmarketcap

This is temporary, very soon Monero's ranking will be in the top 5. I'm sure , many analysts say that Monero's price will see 200 dollar. It will surely be better soon.

lol.. oh ? Who exactly are these "many analysts" (Hoping you aren't referring to people in this thread..)

[aminorex]

I have so many uses for Monero, but only know 1 place that I might use it.

I have personally used it directly to pay for art, software, medicine, professional services, and charitable contributions.

You can back a debit card with Monero and spend almost anywhere (uquid, or loaddebitcard.com). You can spend it anywhere any shapeshift.io supported coin is accepted.  You can use it at particularly low fees anywhere BTC is accepted using XMR.to (AFAIK - haven't used any of these myself.)

If you are motivated enough to do the advance research and pay the fees, take the counterparty risks, for any required exchange services, you can do pretty much anything with it.  It is not practical for microtransactions at present, and in some scenarios the fees may be an impediment.  Direct merchant acceptance is the ideal, but that will not become prevalent any time soon at, for example, brick-and-mortar retail.  A very nice first step (for valuation impact) would be Amazon acceptance.  As a prime subscriber, I complain about it to Amazon on a regular basis.

[Anon136]

Monero drops down to #9 on coinmarketcap

Monero #3 here https://www.coingecko.com/en

That discrepancy between the ranking on those two web-sights coupled with the importance of the particular form of unique utility that monero brings to the sector screams bullish opportunity. I might just re-balance my portfolio to more heavily weight monero because of this.

[kriptotr]

Monero drops down to #9 on coinmarketcap

Monero #3 here https://www.coingecko.com/en

Monero #5 according to our forecasts:https://roboadvisorcoin.com/crypto-predictions/

That's no matter. What matter is that if we can still keep trading Monero with profits. It gave lots of people huge profits after that summer pump. The interest of Chinese people to Monero was simply amazing there.

[strickland]

No segwit2x, that's the reason behind btc rise

https://twitter.com/CharlieShrem/status/928308237597888512?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

Maybe.
The price of that Bitcoin should give people more stress because they really have no idea of how many people were waiting to make money through Alts and BTC!

[DaveyJones]

I like Monero but I always like to compare my coins to the competition, and in this case, the competition is unfortunately ahead and much more superior than Monero. Zcash, do I need to say more? Why is Zcash the most well capitalized crypto out there (focusing on private transactions?). There must be a reason for that, they simply have a better technology than Monera and this has been confirmed by so many. Monero doesn't even only have such competition, they have other competitors out of their industry (privacy sector) such as Ethereum, which will soon implement the same technology that Zcash is using. So you'll have Ethereum that can do all these crazy things (smart contacts) and do them privately, and then have Monero which can only do one thing, transact privately. Why would you choose Monero over that?

Because one was started from a company and can pitch other companies, while the other is a full open-source project.

[aminorex]

So if I understand correctly. You are saying that all the public chains will merge into one pool of liquidity due to a ~ 0 transaction cost environment for moving liquidity between chains but that monero will be somewhat protected from this since moving liquidity between chains will have a sort of friction resulting from the transaction cost resulting from information leak. Do I have this right?

If so than I think it is not an apples to apples comparison. Couldn't many more opaque chains come into existence and have 0 friction with monero and rob us of our liquidity just like happened to bitcoin?

When you say "just like happened to bitcoin" I assume that "under the hypothetical scenario of vanishing exchange costs" is implied. I won't quibble over the relation between information and utility; your abstract suffices.

There won't be a vanishing cost XMR exchange unless XMR is modified specifically to allow it, with suitable scripting or some hard-coded facility, e.g. for lightning.  The technical fundamentals need to change in order to magnify the hazard you describe to the point where it is material to valuation. (That is a dead-reckoning estimate of a quantitative factor, and certainly would benefit from additional facts or logic.)

Because one [ZEC] was started from a company and can pitch other companies, while the other [XMR] is a full open-source project.

That is why the (centralized) governance risk of ZEC is so much higher than the (decentralized) governance risk of XMR.  The market prices that in, I think.  Much of the money in BTC is well aware of this factor.  However, prices are set at the margin, and it is also most of the reason for the 20% development tax on ZEC.  I don't think that factor is properly priced in to the marginal clearing price.  Eventually long-term holders will feel the pain of realizing that buying ZEC is effectively giving away 1/5 of their wealth, and reserve demand will suffer as a result.  If ZEC had trustworthy governance, I would have bought some as a  diversifier, but I just can't suffer a scam lightly.

It remains no less useful as a transaction medium, if you don't care about TLA surveillance, and don't hold it too long, but then the same could be said of Doge.

[Billy Bunter]

New P2P exchange - Bitcoin, Ethereum, and Monero:

https://www.ethbits.com

[joroz]

New P2P exchange - Bitcoin, Ethereum, and Monero:

https://www.ethbits.com

Just wish they had picked a better name. Not too late to pivot to Xmrbits.

[Billy Bunter]

New P2P exchange - Bitcoin, Ethereum, and Monero:

https://www.ethbits.com

Just wish they had picked a better name. Not too late to pivot to Xmrbits.

True dat.

[Anon136]

The technical fundamentals need to change in order to magnify the hazard you describe to the point where it is material to valuation.

I think it was starting to become very material the other day when BCH was sky rocketing and BTC was crashing. Luckily someone with a lot more money than Roger Ver stepped in and provided a floor. We seem to have staved off that specter for now.

But you know there is just an inherent issue with the idea of long term capital preservation in a largely arbitrary scheme that grows less adaptable with time while new competitors constantly become more and more advanced. What we were talking about before with bitcoin is sort of like a subset of this more general issue. Monero solved this. Which is great! We hard fork all the time and it's no sort of governance issue for us at all. It's routine. But we did trade the sort of governance risk that bitcoin faces, growing technologically obsolete while it remains in a state of governance gridlock, for our own unique kind. We opened ourselves up to the risk of bad leadership. Both of these arrangements are less than ideal for the long term multi decade multi generation capital preservation. I'm skeptical that the crypto sector has or will be able to produce a product to fill this particular market need.

But you know if what you speculated about gold is right maybe the real answer is to just buy a Van Gogh.

[pruvast]

I wish they would tell us an estimated Kovri launch date though. But whatever, still a good coin.

[explorer]

I wish they would tell us an estimated Kovri launch date though. But whatever, still a good coin.

  Estimates of this type typically suck.  It will likely be announced once it's live.  Prior to that, some sharp eyed github watcher will spill the beans, I imagine.

[kurious]

Not a cost move, back to the sideways trading, maybe? I really can't understand that a old coin would have so much quantity, a lot of "senior members" all of a sudden speaking for it, the price stays exactly the same for several days on end. Take a look at Doge (urgh) in comparison, the thing is movement, not stagnation.Keep in mind Feathercon? g

Since no one else is answering, I feel a little sorry for you.  I will rise to the bait.

I think you haven't been around long or you would realise some people are more interested in a long term increase in value.

These people do tend to be 'senior' members, since they have learned much over time in crypto and have done well from picking coins early that have become considered the cream of crypto and made HUGE returns, such as Monero. 

Mentioning Doge etc. in relation to Monero is really a bit silly.  I don't think you will find many people consider Doge to have been a good investment.

Good luck with your strategy of trading Doge, though - maybe one day you will have made enough you will be able to afford a decent position in a better investment.

[Billy Bunter]

Wherein Fluffy Pony details his plans for Globee world domination:

https://moneromonitor.com/episodes/2017-11-16-Episode-015.html

An interesting listen/read. Very good prospects for Monero.

[generalizethis]

Not a cost move, back to the sideways trading, maybe? I really can't understand that a old coin would have so much quantity, a lot of "senior members" all of a sudden speaking for it, the price stays exactly the same for several days on end. Take a look at Doge (urgh) in comparison, the thing is movement, not stagnation.Keep in mind Feathercon? g

Since no one else is answering, I feel a little sorry for you.  I will rise to the bait.

I think you haven't been around long or you would realise some people are more interested in a long term increase in value.

These people do tend to be 'senior' members, since they have learned much over time in crypto and have done well from picking coins early that have become considered the cream of crypto and made HUGE returns, such as Monero. 

Mentioning Doge etc. in relation to Monero is really a bit silly.  I don't think you will find many people consider Doge to have been a good investment.

Good luck with your strategy of trading Doge, though - maybe one day you will have made enough you will be able to afford a decent position in a better investment.

I thought it was another walonek troll when I read "days on end." Do these guys even know where to sit when the music ends?

[kurious]

Not a cost move, back to the sideways trading, maybe? I really can't understand that a old coin would have so much quantity, a lot of "senior members" all of a sudden speaking for it, the price stays exactly the same for several days on end. Take a look at Doge (urgh) in comparison, the thing is movement, not stagnation.Keep in mind Feathercon? g

Since no one else is answering, I feel a little sorry for you.  I will rise to the bait.

I think you haven't been around long or you would realise some people are more interested in a long term increase in value.

These people do tend to be 'senior' members, since they have learned much over time in crypto and have done well from picking coins early that have become considered the cream of crypto and made HUGE returns, such as Monero. 

Mentioning Doge etc. in relation to Monero is really a bit silly.  I don't think you will find many people consider Doge to have been a good investment.

Good luck with your strategy of trading Doge, though - maybe one day you will have made enough you will be able to afford a decent position in a better investment.

I thought it was another walonek troll when I read "days on end." Do these guys even know where to sit when the music ends?

Evidently they don't!  Seems it's not wankalone again, he mercifully has gone quiet - but why people insist on dropping by just to write a pile of drivel on this thread to no effect is beyond me.

[Globb0]

Not a cost move, back to the sideways trading, maybe? I really can't understand that a old coin would have so much quantity, a lot of "senior members" all of a sudden speaking for it, the price stays exactly the same for several days on end. Take a look at Doge (urgh) in comparison, the thing is movement, not stagnation.Keep in mind Feathercon? g

Since no one else is answering, I feel a little sorry for you.  I will rise to the bait.

I think you haven't been around long or you would realise some people are more interested in a long term increase in value.

These people do tend to be 'senior' members, since they have learned much over time in crypto and have done well from picking coins early that have become considered the cream of crypto and made HUGE returns, such as Monero.  

Mentioning Doge etc. in relation to Monero is really a bit silly.  I don't think you will find many people consider Doge to have been a good investment.

Good luck with your strategy of trading Doge, though - maybe one day you will have made enough you will be able to afford a decent position in a better investment.

Every Dodge has its day. Though we laughed at it and left it well alone there were times it went crazy and multiplied and we wondered.

Still that was very much in the past and the years haven't been kind.

[kurious]

Not a cost move, back to the sideways trading, maybe? I really can't understand that a old coin would have so much quantity, a lot of "senior members" all of a sudden speaking for it, the price stays exactly the same for several days on end. Take a look at Doge (urgh) in comparison, the thing is movement, not stagnation.Keep in mind Feathercon? g

Since no one else is answering, I feel a little sorry for you.  I will rise to the bait.

I think you haven't been around long or you would realise some people are more interested in a long term increase in value.

These people do tend to be 'senior' members, since they have learned much over time in crypto and have done well from picking coins early that have become considered the cream of crypto and made HUGE returns, such as Monero.  

Mentioning Doge etc. in relation to Monero is really a bit silly.  I don't think you will find many people consider Doge to have been a good investment.

Good luck with your strategy of trading Doge, though - maybe one day you will have made enough you will be able to afford a decent position in a better investment.

Every Dodge has its day. Though we laughed at it and left it well alone there were times it went crazy and multiplied and we wondered.

Still that was very much in the past and the years haven't been kind.

Indeed - had a few way-back-when, too - but to be ranked alongside Doge and Feathercoin (unfavourably) is a little bit beyond the pale...

Why do people think we are just sitting here waiting to be told we are 'wrong' for being happy with our Monero?

OT: We're holding up rather well in terms of fiat price, in spite of BTC's (welcome) mooning.  Hope it stays that way.

EDIT: 5 minutes later BTC goes up to over 7700.  But XMR hangs on at $122 still... Eek!

[Febo]

I wish they would tell us an estimated Kovri launch date though. But whatever, still a good coin.

I dont think kovri is that far that anyone should give any estimations. If it will happen in 2018 I will be super happy.