Excellent podcast interview with Kyle Bass. It's worth listening to the entire thing, especially his opinions on the Chinese economy, but if you're interested in what he has to say about Bitcoin as an asset class, then jump to 36 minutes. He's clearly an intelligent, educated investor. Essentially, he posits that until there is an institutional custodial framework in place for digital assets and an insurable custodial relationship that satisfies securities rules for pension funds, endowments and hedge funds, we won't see a large movement from those entities into Bitcoin. But he believes those frameworks are being built and that not only will we see digital assets being valued at, at least, a trillion dollars but that a lot of that increase will happen in one big step function change in valuation. http://adventuresinfinance.realvision.libsynpro.com/website/32-season-2-premier-kyle-bassVery interesting, so a 5x or so increase in one impulse? Did he give a timeframe for his postulation? No, afraid not. He does have some dire predictions for the Chinese economy and believes that maybe they can hold out for another couple of years at most. If his predictions are accurate, I wonder how that will affect Bitcoin et al? |
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Excellent podcast interview with Kyle Bass. It's worth listening to the entire thing, especially his opinions on the Chinese economy, but if you're interested in what he has to say about Bitcoin as an asset class, then jump to 36 minutes. He's clearly an intelligent, educated investor. Essentially, he posits that until there is an institutional custodial framework in place for digital assets and an insurable custodial relationship that satisfies securities rules for pension funds, endowments and hedge funds, we won't see a large movement from those entities into Bitcoin. But he believes those frameworks are being built and that not only will we see digital assets being valued at, at least, a trillion dollars but that a lot of that increase will happen in one big step function change in valuation. http://adventuresinfinance.realvision.libsynpro.com/website/32-season-2-premier-kyle-bass |
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Throw in a couple of hardware wallets into the equation and you've got a confident forecast for XMR overall.
It's worth noting that the crypto markets don't respond much to new developments (at least not directly), but more to announcements of third party adoption by exchanges and marketplaces. This has been observed with pretty much every major XMR movement since its inception. That said, I'm confident new developments play an important role in driving third party adoption. That's mostly true. However, I'd like to believe that in the case where a currency, such as Monero, has had no light wallets and no hardware wallets for its entire existence (absent one or two unofficial ones), this news might make more than a splash. Perhaps I'm overly optimistic, but, as rangedriver has pointed out previously, hardware wallets, in particular, are the sine qua non for HNWI investors. That alone might give the market monero's price a much-needed giddy-up. Crypto markets are fueled by FOMO. People don't buy because "oh yay XMR finally has feature X, time to buy." They buy because "holy shit it's now or never." Hardware wallets might make more investors comfortable the next time that "holy shit" moment comes, but the feature itself doesn't create that imperative. You don't think the GUI had an effect on Monero's price? I do. |
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Throw in a couple of hardware wallets into the equation and you've got a confident forecast for XMR overall.
It's worth noting that the crypto markets don't respond much to new developments (at least not directly), but more to announcements of third party adoption by exchanges and marketplaces. This has been observed with pretty much every major XMR movement since its inception. That said, I'm confident new developments play an important role in driving third party adoption. That's mostly true. However, I'd like to believe that in the case where a currency, such as Monero, has had no light wallets and no hardware wallets for its entire existence (absent one or two unofficial ones), this news might make more than a splash. Perhaps I'm overly optimistic, but, as rangedriver has pointed out previously, hardware wallets, in particular, are the sine qua non for HNWI investors. That alone might give the market monero's price a much-needed giddy-up. |
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The price seems to have stabilised a bit between 0.025 and 0.027, do you think this is because the new wallet version is now out and speculation as curtailed a bit? I'm pretty happy with the current pricing point either way
Everything is in sideways mode right now. Polo volume is zip across the board. Well that escalated quickly. You're not kidding. |
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i just downloaded but it's all in doss, i assume this is not a new GUI ? You downloaded the CLI, not the GUI |
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XMR will be the highlight of today... Im calling a 15% rise as this china news settles and everyone gets out of all the shitcoin ICO's
+16% on bithumb... they call me the oracle! Good call but you're not in rangedriver's class yet. ok 1 more - a further 20% gain from here in the next 48 hours.. $140+ that is I'm going to hold you to that! Small wager? Nah. I'd be betting against my own interests which would be...strange. I hope it does as you predict. |
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XMR will be the highlight of today... Im calling a 15% rise as this china news settles and everyone gets out of all the shitcoin ICO's
+16% on bithumb... they call me the oracle! Good call but you're not in rangedriver's class yet. ok 1 more - a further 20% gain from here in the next 48 hours.. $140+ that is I'm going to hold you to that! |
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XMR will be the highlight of today... Im calling a 15% rise as this china news settles and everyone gets out of all the shitcoin ICO's
+16% on bithumb... they call me the oracle! Good call but you're not in rangedriver's class yet. |
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Has anyone been able to cash out of Monero?
I am having a truly Kafkaesque exerience. I'm tier 4 verified on Kraken, but have been unable to withdraw any funds to my bank account. No explanation so far. My bank account details are all correctly entered.
I gave my church a substantial amount of Monero. They spent 3 months getting verified on Kraken but have also been unable to withdraw any funds. They were told that the wire transfer process has to be separately verified. They are trying to jump through all the hoops but I am beginning to lose hope.
Similar problems on Coinbase. I have tried selling Bitcoin on Coinbase but the transaction has been rejected because I am "over the weekly limit", which I'm clearly not. This used to work.
And I'm having the same problems on goldmoney.com. Not a cryptocurrency but again transfer out is not working for nonsensical reasons.
I'm starting to wonder whether the whole cryptocurrency world, if not the entire financial world, is fake. What does the Monero price matter if there's no real world liquidity?
Anyone else having similar problems?
I have yet to sell any Monero, but your difficulties are precisely the sort of thing I'm worried about. Please let us know the outcome. |
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Seems Monero will see some magical months now. So many things lined up till Christmas. Agreed a hardware wallet opens XMR to a totally new class of high net worth investor. This is fucking huge. indeed this is huge, but is there a time frame? days , weeks , months ? No timeframe but I'd be surprised if it was much before December. |
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Yeah, starting to look like the next level hop takes us to 200usd per. What will the catalyst be? Mandatory RingCT fork on 9/21?
When the market is ready to price in the fundamentals it will find an excuse. A big thank you to you, Arctic Mine, for your generosity over the years to the FFS. You're a mensch. |
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I don't understand these huge rises and falls for this coin. Monero should be something that everyone is getting. Bitcoin is great, but Monero seems like it has a real future, especially in places where bitcoin may be watched by governments. Why is XMR dropping so much right now???
POLO shorters and dumpers. I was looking forward to Bithumb undermining Polo's influence on Monero - seems that's not the case? |
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I have little doubt it's true.
This is Monero, right? If there's bad luck to be had, we'll find it.
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What would be the assumed price of XMR by the end of the year. I am seriously thinking long-term. Any loose prediction will do...
Thanks in advance.
DNMs volumes should approach 0.1% of the global black markets by the end of 2018, I.e. roughly 25bn$/an. In mid-2013 SR1 was turning over about $1bn/an. Since no major DNM can risk BTC, ZEC, or ETH in the future, the only coin with the liquidity to support DNMs will be XMR. Since pq=mv, and pq and m are known (estimated) factors, that leaves v. If the velocity of XMR is roughly the same as SR1 era BTC, then at the end of 2018 XMR would trade at roughly 2500 $us, averaging over any periods of excess volatility. I prefer to assume that either half of the DNMs are honeypots using BTC or ZEC, or that the velocity of XMR is more than twice the velocity of BTC in the SR1 era, in which case $1000 would be a better estimate. Rational discounting in a negative real interest rate environment isn't very...relevant; thus, the only discounting factor is risk of model error. End of 2017 or 2018? Your response is unclear since the OP was referring to 2017. |
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Dude, there’s no real competition between that coin and Monero. If you take a look at the history of Monero then you could see that more people are interested in Monero and are trying to give their insight on how to make the coin a much better system for sending money online. That other coin hasn’t been around long enough to have the credibility that Monero has and I am just giving you my opinion on that though I don’t have any Monero in my portfolio. These coins that just released and trying to become number one is only taking ideas on other projects that are already in development and they are claiming that they are better than them. XSPEC has been around since November 2016 and has one of the best ROI since ICO. See https://icostats.com/Your competition is with Verge - not with Monero. Like yourselves, Verge is another Johnny-come-lately that believes that IP obscuration is all that there is to privacy. You're both wrong, but feel free to pump. Verge has been around since 2014 so I wouldn't call it a Johnny-come-lately. IP obfuscation is fundamental to privacy which is what people who do not live in TOR blocked countries don't understand and where the real use case for privacy coins is uncovered. This is not a pump at all, this is about innovation which is why Monero have been struggling for quite some time to implement this. The other aspects of privacy can always be developed given some time but emphasis should definitely be placed on this aspect of privacy given that this is applicable in the real world. Wrong. The real use case for privacy is everyone, everywhere and every transaction. You can't have any kind of privacy as long as the blockchain is traceable. All you're doing is focusing on one aspect of privacy and pretending that you've got it covered. Monero will soon implement i2P at the protocol level. What then for Spectre? |
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