[XMR] Monero Speculation

[Lonthe]

Monero (XMR)support added to Dubai cryptocurrency exchange BitOasis
It was announced earlier in the day from UAE-based cryptocurrency exchange BitOasis that the company now has added support for Monero (XMR) and Zcash (ZEC) on the BitOasis digital asset trading exchange. The two tokens have been added to meet increased demand from the customer base in the GCC.

Hopefully this will bring a big impact for the future of Monero, I just hope the price continues to rise and certainly get a big profit.

[Anon136]

but the devs need to get their GUI sorted ASAP otherwise I'm out too.

Not really helpful to post such an abstract statement. Would you mind describing your issues in more detail?

The CLI is really nice anyway. He might just consider using that instead. I've tried the GUI and found no reason to want to switch to it from the CLI anyway.

[rinus]

MoneroV mainnet is live. This is why the price goes up a bit?

[Globb0]

But what is it that links Vometo's price in your mind?

[rinus]

But what is it that links Vometo's price in your mind?

No idea, I’m asking u guys

[Shnikes101]

Funny little thread running on reddit 

https://www.reddit.com/r/Monero/comments/8i59xr/monerov_forkers_forgot_that_the_block_reward/

[Febo]

I will say my enthusiasm for the Circle deal was somewhat dampened when I figured out you could not (yet?) deposit and withdraw.  But I am hoping that is on the roadmap... have heard rumors it is.

Otherwise what's the point of that addition! I don't like when things are announced but the actual product is not on the way. Sounds fishy in terms of price speculation before an inevitable...boom

Product is there.  You deposit USD and then you can buy Bitcoin, Litecoin, ETH, ETC, ZCAsh, Bitcoin Cash and Monero. But you cant then withdraw coins but only you can sell them and withdraw USD after you earned on crypto bull run.  That is what Circle is offering. This is sort of not a crypto economy that Satoshi had in mind, but I guess it is inevitable that banks will invent all kinds of things to earn on crypto but still not let it be fully decentralized.   All centralized exchanges are sort of same, just one step further.  Eventually both will extinct.

Thanks for clarifying. In any case, whatever one wants to put it if one cannot buy, sell and hold those coins I see really no point in using Circle. I can do that differently without having to rely on a third party

Ofcourse you and me can do. But there are quite many and in times of Crypto fever as it happened in November and December 2017, most of people would rather not to bother with wallets how to securely store their coins.  This is made for them.  I guess Circle is aware that there are that many such people that they will profit greatly out of it.

[Blueblade]

Monero is a cryptocurrency which is actually anonymous. Most of the other cryptocurrencies are just pseudonymous. This is the reason why this cryptocurrency has been gaining a lot of traction as well.Also, it has fallen from the peak like most of the other cryptocurrencies. Thus, it might be a good idea to buy it at the current prices. This will ensure that in the future, you will be able to get a good return as well.

[bitebits]

Monero mentioned: https://www.bloomberg.com/company/announcements/bloomberg_galaxy_launch_cryptocurrency_index/ (by Michael Novogratz)

[Shnikes101]

Monero mentioned: https://www.bloomberg.com/company/announcements/bloomberg_galaxy_launch_cryptocurrency_index/ (by Michael Novogratz)

Just skimmed it but didn't see dollar amounts. I'm sure it's out there though. Would love to hear them justify their initial weightings

Current Cryptocurrency ​​Weightings
Bitcoin ​​​                          30.00%
Ethereum​​​                       30.00%
Ripple                            14.14%
Bitcoin Cash                   10.65%
EOS                                6.11%
Litecoin                           3.77%
Dash                               1.67%
Monero                            1.66%
Ethereum Classic              1.00%
Zcash                              1.00%

[ArticMine]

Monero mentioned: https://www.bloomberg.com/company/announcements/bloomberg_galaxy_launch_cryptocurrency_index/ (by Michael Novogratz)

Just skimmed it but didn't see dollar amounts. I'm sure it's out there though. Would love to hear them justify their initial weightings

Current Cryptocurrency ​​Weightings
Bitcoin ​​​                          30.00%
Ethereum​​​                       30.00%
Ripple                            14.14%
Bitcoin Cash                   10.65%
EOS                                6.11%
Litecoin                           3.77%
Dash                               1.67%
Monero                            1.66%
Ethereum Classic              1.00%
Zcash                              1.00%

Their methodology is explained here: https://www.bloombergindices.com/bloomberg-galaxy-crypto-index/

[energycom]

Monero is a cryptocurrency which is actually anonymous. Most of the other cryptocurrencies are just pseudonymous. This is the reason why this cryptocurrency has been gaining a lot of traction as well.Also, it has fallen from the peak like most of the other cryptocurrencies. Thus, it might be a good idea to buy it at the current prices. This will ensure that in the future, you will be able to get a good return as well.

I'm sure about this, but I worry for the upcoming possible Monero forks. I don't want Monero to be divided into subclasses. Monero itself a good coin for the future and it has a strong blockchain. I'm pretty sure about this. We only need more attention in the ecosystem.

[Hueristic]

I try not to do predictions - been wrong to many times before. But...

I might as well try a prediction. I am bored, so I will polish my crystal ball and give it a go.

I hate to say this, but it's not whether .024 holds, it's whether .02 will be breached.  Got a feeling it'll be a grim summer.

Whatever we drop to over this summer (July might be brutal) will be at least doubled by the end of August.  The snap up will be huge and fast.

I am hoping to see $500 or 0.05 region prices by end of August and a place firmly in the top ten CMC.  TA pulled out of my ass, so YMMV - but it's not entirely guesswork.  Historic patterns suggest hodl tight, save some powder for the summer dip and be ready to buy if / when there are trolls galore and it looks grim.

Tis not out of the realm of possibilities but unlikely IMHO. AFA Polo, I looked at it's volume a few weeks ago and was totally floored at how low it had become.

Monero (XMR)support added to Dubai cryptocurrency exchange BitOasis
It was announced earlier in the day from UAE-based cryptocurrency exchange BitOasis that the company now has added support for Monero (XMR) and Zcash (ZEC) on the BitOasis digital asset trading exchange. The two tokens have been added to meet increased demand from the customer base in the GCC.

Well that just offset those Jap exchanges.


So I can but $1350USDper week without KYC?

11) How can I buy more than 5000 AED/week (1350 USD/week) in bitcoin on BitOasis?

In order to be able to buy higher amounts of bitcoin you will need to verify your account on our platform by giving us a few extra information about yourself. You will find the ‘Increase Limits’ page on ‘Buy Bitcoin’ tab.

This is a bummer.

20) Can I sell bitcoin and withdraw my funds through BitOasis?

Sell bitcoin and withdraw payouts are currently available for our users in UAE, Kuwait, and Bahrain.

but the devs need to get their GUI sorted ASAP otherwise I'm out too.

Not really helpful to post such an abstract statement. Would you mind describing your issues in more detail?

Meh, troll post not even in the correct thread. Good riddance I say.

Funny little thread running on reddit  

https://www.reddit.com/r/Monero/comments/8i59xr/monerov_forkers_forgot_that_the_block_reward/

MoneroV forkers forgot that the block reward calculation is cumulative



wait...Wat??? Lol, Vomero already looking foolish. thx for the link.

...

[–]ArticMineXMR Core Team 5 points 2 hours ago

I would argue that including the pre mine in the recursive formula is actually correct. What is wrong is having a pre mine in the first place, but that is an entirely separate issue.

By the way MoneroV is still a Faustian contract or contract with the devil. This is because for a limited amount of time it can claim both Monero's adaptive blocksize for scaling and a maximum coin supply. When then finite coin supply runs out making the Fuastian contract due, then MoneroV is condemned to an eternity of 51% attacks.

Edit: I do have to give MoneroV credit for innovation, since a Faustian contract on a blockchain is actually very innovative.

Your reddit post is a hoot!

[Globb0]

Always so beautiful.

[heidikarenina]

The good thing about these low prices are that you can efficiently lower your average buying price. I have exploited this opprtunity since I bought the majority of my coins just under 400 and now I am able to buy sub 3 levels. Why not. 

[kurious]

I try not to do predictions - been wrong to many times before. But...

I might as well try a prediction. I am bored, so I will polish my crystal ball and give it a go.

I hate to say this, but it's not whether .024 holds, it's whether .02 will be breached.  Got a feeling it'll be a grim summer.

Whatever we drop to over this summer (July might be brutal) will be at least doubled by the end of August.  The snap up will be huge and fast.

I am hoping to see $500 or 0.05 region prices by end of August and a place firmly in the top ten CMC.  TA pulled out of my ass, so YMMV - but it's not entirely guesswork.  Historic patterns suggest hodl tight, save some powder for the summer dip and be ready to buy if / when there are trolls galore and it looks grim.

Tis not out of the realm of possibilities but unlikely IMHO. AFA Polo, I looked at it's volume a few weeks ago and was totally floored at how low it had become.

Ref: Prediction, I hope you're right, as I am a die hard supporter.  I just feel we might have some pain coming, but August will be when it all kicks off again.  Monero has its cycles and I have faith.

Ref: Polo - yep, the discount for the 30,000,000 USD a month players is 'optimistic' when their volume is pitiful compared to what it was.  It use to trade huge amounts of BTC - ALTS, and was pretty much at the top for a while, now it's slid way down the list.  Shame, I have a soft spot for it and its role in Monero's success. But in crypto things move fast and those that don't adapt, will fade and die.

[Hueristic]

Ref: Prediction, I hope you're right, as I am a die hard supporter.  I just feel we might have some pain coming, but August will be when it all kicks off again.  Monero has its cycles and I have faith.

Ref: Polo - yep, the discount for the 30,000,000 USD a month players is 'optimistic' when their volume is pitiful compared to what it was.  It use to trade huge amounts of BTC - ALTS, and was pretty much at the top for a while, now it's slid way down the list.  Shame, I have a soft spot for it and its role in Monero's success. But in crypto things move fast and those that don't adapt, will fade and die.

Damn, just took a look and it's just ugly right now, but I think it's whale feeding time and all the little guppies are emptying their pockets. .

[elrippos friend]

0,06125 in mid of October 

[ArticMine]

 

...

Damn, just took a look and it's just ugly right now, but I think it's whale feeding time and all the little guppies are emptying their pockets. .

If I were to guess it could also be short squeezing time. I would not be surprised if there is a significant XMR short position by our ASIC player. There are some strange moves which may be due to the ASIC fork including a very sudden sharp rise in the price of BCN,  which was very likely caused by a single large buyer. This was accompanied by a sharp increase in the BCN hashrate. The ASICs may find BCN to be a more attractive home than XMO.

When it comes to squeezing shorts, my strategy is very simple one buys or keeps holding, takes delivery (this is absolutely critical) and waits,  

Edit: Fish of any size can participate in this strategy.

[kurious]

0,06125 in mid of October  

I think there might be upwards fun before then, see my thoughts above, but I can't rule 0.06 by October out.

It's BTC, as always, that leads the whole market. The inability to get to five figures was obvious and showed a weakness that means more pain is required before really escaping the bear market.

The stock market old-timers used to say 'sell in may and go away'...

Around a week ago I sold a portion of my BTC trading stash and placed some lowball bids stepping down from 9K which have started to be hit.  But my fresh fiat is aimed at XMR.  Why XMR?  Partly because I sold some late last year and the fiat is currently wasting away in the bank, but mainly because by the autumn I think anything bought now or lower is at at least a 50% discount to what I think we will see by this autumn.

It's already looking a steal IMHO. The pain was coming, but if you have cash Monero might just be starting its summer sale.

DYOR.