LOL yeah Monero is the only crypto that has "volatility" and "big bubbles"... What don't you also mention the first 48 hours of Xcoin? I think that fits your "fastmine" scenario a bit better than monero.  Masternodes don't make a coin secure. Math/cryptography that has been very well vetted by world class cryptographers is. Yes all coins do suffer from volatility but over time masternodes should make dash more stable than coins that don't have them. Do you deny monero was fastmined? What would you call it? I mean it was lauched after dash and even with the dash instamine monero has almost twice as many coins already mined. It was fastmined and cripplemined. It is what it is. Okay so admit Dash was instamined. That is all I need to know from you. All the rest is just fluff. Have a nice day  |
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Besides, until we have no market for turning XMR in $ or €
Won't be long. The countdown has started. (No inside info here, just stating the obvious.) Quite surprised that BTC-E.com still does not support Monero, seems like a perfect match. This would be ideal as poloniex being the only large volume exchange for monero trading is quite bothersome. |
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The people of Monero should provide the volume in Bitsquare. The last time I have seen it there was nothing happening in the exchange. Hiring market makers to accommodate people from the darkmarket selling and buying XMR might be a good idea. It will also help start the market activity in Bitsquare with XMR as the "star" currency making it become in the center of attraction again. I hope the Monero whales will have a long term game plan like that.
Market making is riskier than usual at the moment. tough to do profitably when the price tends to leave ranges behind at the drop of a hat  Not really. If you chose to use a small % of your total stash to market make with it shouldn't be that risky. |
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Dash's me-too, so-called "DAO" doesn't work at all, because it is vaporware. If it was working, it would quickly fall to the same adversaries that destroyed ETH's DAO. But unlike ETH's DAO, nobody would really notice or care.  Is it me or is this the umpteenth time Dash/Dark/whatevercoin has done a "me-too" type feature addition/etc? Wasn't the last one the "oh look we can change our block size and fork effectively"? Previous to that i'm sure there were others...care to refresh my memory? |
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I agree, strong anonimity is probably better kept as a sidechain in Bitcoin. XMR has too many problems to properly scale, so I wonder how do they intend to ever manage the amount of volume Bitcoin moves now, let alone in the future.
What problems? Define "properly scale"? Dynamic block size feature is pretty handy for "scaling". Please elaborate more. Thanks |
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xmr is useless
This post ^ is useless. It's actually quite amusing to see many trying to detract or talk down the monero price almost in a FOMO/shoulda/woulda/coulda style of missing out. |
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LOL yeah Monero is the only crypto that has "volatility" and "big bubbles"... What don't you also mention the first 48 hours of Xcoin? I think that fits your "fastmine" scenario a bit better than monero. Masternodes don't make a coin secure. Math/cryptography that has been very well vetted by world class cryptographers is. |
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People will look back on this thread in the years months to come and say...."Where the hell was I and what was I waiting for?"
Fixed it for you. lol technically it was exactly 2 months. So just barely plural. Otherwise weeks would have been more appropriate to describe time frame. |
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You mean xmr/btc =1? I think is impossible cause eth, dash can't be that, xmr can't do it either, xmr is a terrific coin but not all altcoins can be bitcoin.
He is saying it will surpass Bitcoin thus not being "Bitcoin". I have no clue if monero will get to bitcoin parity. |
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If there is a drop before Sept 1st then it will be very brief imo. The upside is still much greater than the downside at the moment. We know Monero can support a price of approx 0.003x without any of this darknet market adoption. When you consider the size of the total darknet markets the rise to the current price of 0.007x seems relatively small to me.
I think anything in the 0.0065-0.0075 range is a good buy at the moment, post Sept 1st I guess all bets are off.
Just because a couple of dark net markets make Monero available as a payment option does not guarantee that buyers used to Bitcoin will actually use Monero to a significant extent. I think the dramatic price rise is part speculation that Monero will actually be used, combined with significant exposure in the media bringing new and old buyers back in. IMO Monero was also undervalued. What will be interesting is the first week of September. What will happen to the price of Monero if deepdotweb reports that no one cares to use Monero rather than Bitcoin in those two darknet markets? Not if, but when bitcoin users on DNMs start to hear about claw backs from law enforcement being able to trace their transactions...I think they will attempt to find another solution. Of course I don't condone buying illegal substances, but that is the case with Cash already so there is no difference there. |
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xmr will return soon to it's proper place @ 0.0012
this quote will be likely mocked from here on out for a long time to come ^ |
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I bought in with the current hype at 0.0087 which is pretty typical, Bought almost 500 of them but im starting to panic a bit now. Hopefully once it gets above that a bit i will just dump these and try and take a small amount of profit. Maybe it will go up in the future but its too risky atm with no sign of a gui or anything.
This is not true. You can currently compile the GUI code. |
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If you think bitcoin will ever move enough technologically to enable meaningful privacy, you must be smoking crack. They can't even deal with changing a constant.
Have to agree here... they must be smoking Bit-crack....smoking 1's and 0's |
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In my opinion, it doesn't really make sense to make a correction that early, or even make a bigger lower move at all. We almost reached the ATH several times, and we did today quite well at stabilizating the price for a little bit. https://www.tradingview.com/chart/XMRBTC/cOvLDYMa-Monero-triangle-breakout-expectation/It's not my chart, but i totally agree with this one. Before september 1 there's no reason to try retest lower fib levels, because there is better reward for going long, than going short in this moment. Long story short - if you go long now, you will have like 100% chance to get the reward, but if you short, you can't be that sure. This is my point of view, and what I believe will happen. Everyone should gather the facts on they own, and make a decision by themselves. Good luck guys. it doesn't make sense to me either, all indicates this is natural demand masked as pump thats why so many ruffled feathers, people who sold too early or did not get in beforemaybe im wrong, maybe im not, but this is how i feel. The bolded section is what I have discerned from the way some users through different outlets speak. Almost out of regret/envy. |
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...getting into deep thoughts about XMR actually replacing BTC in 4-5 years
Why, in the name of all that is holy, would anyone use bitcoin and expose themselves to extortionists, kidnappers, and thieves (governmental, NGO, and freelancers), when an alternative exists? XMR is now the single most liquid alternative. The market, through the mechanism of price, will act to insure that there is enough liquidity to meet demand. How liquid would monero be without Poloniex? There needs to be other exchanges like BTC-e or others that garner large portion of daily volumes. What good is liquidity if it is all centralized and can evaporate if a single exchange gets hacked, shut down, etc? |
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Theymos says it right. The idea is great, we all should have fungible coins and privacy, but the problem is the scaling of Monero is a mess, and Bitcoin can eventually become as private as money, rendering Monero pretty irrelevant at that point. We'll see how it goes, I wish I didn't sell my XMR last month, the price was stagnant and I lost hope.
The problem with your assertion is that Bitcoin and its developers/people/team cannot even find a resolution to a single line of code (changing the block size) and yet your assertion is that they will add the complex features of monero to allow privacy at the protocol level? Not going to happen. Very unlikely, which makes your point irrelevant. |
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Looking forward to this. =)
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So, this artificial pump is over in a few days and XMR will have time to consolidate until December back to 0.0018 - 0.0024 I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000 BTC and now ending slowly How is it artificial? Care to provide proof of your claims? |
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That post was made 2 months ago.
Perhaps he is accumulating quietly much like the winklevoss twins are probably doing (and did with BTC).
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