If you can learn to love yourself, you can learn to merit yourself.
Tune in next week for another informative installment of WO's Self-Help Monday, Hosted by Hairy Maclairy. |
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When the hell can I get my sweet, sweet MoneroV?
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Are these the actuall Bitcoin prices in the pictures ? i find them rather cheap. Until now i had only numbers in my wallet, but now i have corresponding pictures. thanks.
What´s the catch. The upkeep ?
Time travel if you can swing it. Honestly have no idea what you are saying. But one thing is for sure: i don´t need no fucking Lambo, thousand other things, but no Lambo.  Your username is like cotton in my ears Perfrumple Fumplmumf |
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Next week the G20 is coming up and they will also talk about crypto. As stated in the public document of the G20(: https://back-g20.argentina.gob.ar/sites/default/files/media/finance_ministerial_highlights.pdf) they understand that crypto has the potential to promote financial inclusion but at the same time they will try to analyse implications to financial stability, tax evasion and financing illegal activities. These statements are nothing new and very similar to what was said previously at the US senate hearings. Could this have implications on Monero? The other day I asked about the impact that the G20 might have on Monero and didn't get much attention. I guess that the line of thought is that no one really cares about what the G20 has to say about BTC or XMR since they can't stop us from having and using XMR. What scared me though is that BTC (XMR followed) went on a run on the news that there won't be any special regulations coming up soon. This is strong evidence that govs and central banks have a very strong impact on crypto and can do whatever they want(weren't BTC and XMR born to be out of this system?). The fact that XMR price is so dependent on regulations is scary and this is a fact shown by the price movements following the news. Having no tight regulations is of course positive but what will happen when a crackdown arrives?. BTC and XMR just showed that they are super dependent on what govs and central banks say. In the hypothetical scenario of upcoming regulations for privacy coins (bans on exchanges for example) XMR will be strongly affected as shown by positive response to G20 news. I thought that XMR was way more resilient to regulations. Unfortunately correlation works both ways, up and down Monero is flying under the radar, and riding on the goodwill towards bitcoin. The regulators are years behind and don't even understand bitcoin yet. By the time the full impact of bitcoin on the economy is known, regulatory regimes are set up, etc. it will be too late to stop Monero. We'll have decentralized exchanges and atomic swaps. I imagine you and I are similar cryptosophically. Bitcoin maximilists at heart who see Monero as either being what bitcoin meant to be or being a perfect compliment blockchain. I agree with your above analysis. The question I keep asking is what does Monero's survival look like in the light of a maturing layer 2? Does it: -Hold it's niche as a pure 100% privacy blockchain where everything down to the settlement level is obscured and therefore it survives -Find a way to merge with Bitcoin or in some other way survives? -Is it made obsolete by functionality that eventually comes to BTC? And how long 'till this time? Yeah, that sounds about right in terms of my views too. As far as the future is concerned, I think your first scenario sounds most likely to me. Any bitcoin privacy solutions that come about will most likely either be less private than Monero, or will end up creating tainted bitcoins, and therefore destroying fungibility. I imagine Monero will continue gaining ground in the grey market/black market/tax evasion areas until a bitcoin privacy solution is implemented. Monero's growth may slow down or stall at that point, but I can't see it dying off. Worst case would be Monero shrinks into being a niche for paranoid nerds and old school cypherpunks or something. What do you think? |
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Next week the G20 is coming up and they will also talk about crypto. As stated in the public document of the G20(: https://back-g20.argentina.gob.ar/sites/default/files/media/finance_ministerial_highlights.pdf) they understand that crypto has the potential to promote financial inclusion but at the same time they will try to analyse implications to financial stability, tax evasion and financing illegal activities. These statements are nothing new and very similar to what was said previously at the US senate hearings. Could this have implications on Monero? The other day I asked about the impact that the G20 might have on Monero and didn't get much attention. I guess that the line of thought is that no one really cares about what the G20 has to say about BTC or XMR since they can't stop us from having and using XMR. What scared me though is that BTC (XMR followed) went on a run on the news that there won't be any special regulations coming up soon. This is strong evidence that govs and central banks have a very strong impact on crypto and can do whatever they want(weren't BTC and XMR born to be out of this system?). The fact that XMR price is so dependent on regulations is scary and this is a fact shown by the price movements following the news. Having no tight regulations is of course positive but what will happen when a crackdown arrives?. BTC and XMR just showed that they are super dependent on what govs and central banks say. In the hypothetical scenario of upcoming regulations for privacy coins (bans on exchanges for example) XMR will be strongly affected as shown by positive response to G20 news. I thought that XMR was way more resilient to regulations. Unfortunately correlation works both ways, up and down Monero is flying under the radar, and riding on the goodwill towards bitcoin. The regulators are years behind and don't even understand bitcoin yet. By the time the full impact of bitcoin on the economy is known, regulatory regimes are set up, etc. it will be too late to stop Monero. We'll have decentralized exchanges and atomic swaps. |
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Bitcoin is unfolding like the dotcom crash — just 15 times fasterEdit: Amazon crashed from a high of over $100, to a low of about $10 in 2000. 18 years later, they hit $1,578. If we apply the same recovery gain percentage to the recent bitcoin low of ~$6,000, and assume 15x recovery speed, we'd hit ~$946,000 in Apr. 2019. This is all based on questionable math and a clickbait article, but still fun to think about.
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also, masterluc says...blah blah
Why do people still listen to those who made crazy predictions in the past and were all wrong? None of them predicted the pull back from 20K to 7-8K did they? Masterluc, Cliff High, Tone Vays, McAfee.  They believe in "long-term", not in short-term like you. My long term prediction I made August 2017 simply based on doubling each year: 2018 2000 2019 4000 2020 8000 2021 16000 2022 32000 2023 64000 2024 128000 2025 256000 I have nothing against Masterluc, Cliff High, Tone Vays, McAfee saying it will moon sometime in several years 5-10 or whatever (most of us here do otherwise we wouldn't invest our money and time) but a lot of their technical babble in the mean time has been proven wrong hence my comment. Doubling every year is not sustainable. And you are not taking into account the alts. In my perspective. Bitcoin is a security and 'an above gold/silver/metal store of value'. You just need to do the math that probably just 1% of humanity owns some bitcoin or centi-bitcoins or any smaller subdivision of bitcoin. But bitcoin will not be used for day to day transactions to buy coffee or order pizza, because altcoins will handle that. But in the perspective of the security of the network, bitcoin is the most solid. It just has better infrastructure & PR for people to believe in it as cult members do. But I'm looking forward for some of those coffee coins and pizza coins, so I can buy some! Please go back to pizzacointalk, and send the vibrant community there my regards. |
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Can anyone come up with even a half-plausible explanation for the G20 to had any effect what-so-ever on the price?
FUD. |
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(img snipped for legibility)
See how similar does it look? It is all over GoX again. Bloodbath to $2k incoming. They won't let it shoot up again unless dumb people do panic sells below $5k.
I checked that page, but I don't get the point. It seems to have been written in 2017 and updated. *Btw whoever made this TA is a fucking genius and a legend.
The statements and predictions are generic, and there are whole orders of magnitude between alternatives. Are you being serious or sarcastic? I don't know what you're looking at, but it looks to me like he absolutely fucking nailed it: (relevant "comment by img" snipped for legibility) Allright, that's too many knowledgeable voices defending this analysis, including fabiorem and possibly others not quoted here. I guess I must be wrong and just failed to see value in that post. Maybe I should read it again, with more attention. The chart Fabiorem posted showed a very different scenario just a few months prior. So, I think you were largely right. That dude just throws out a bunch of scenarios, and happened to nail one. Still, I've gotta give him some credit. |
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As I was browsing some other tradingview forecasts, I came across at least one bullish scenario that looks/sounds plausible.  Yes, other folks are calling for endless doom, like we're stuck in the ATH 0.00% bear channel forever until $2K. I think we already reversed at $6K, as evidenced by the formations (and lack of retraces) in the rally that followed up to $11,700. Now we've retraced that pump all the way back to the magic 0.705 OTE -0.44% zone, and are primed for the next run up. Could we drop a little further? to the 0.764? more?? sure -- but you're better off dollar cost averaging your buys down here instead of chasing the PERFECT bottom, only to get stuck in the gutter as the rocket leaves the launch pad. So I'm quite happy to have bought $7700, and will buy again $7350 and $6950 -- because going up from here, on the right wing of this harmonic pattern , I'm not going to look back and care that much about a few hundred dollars at the entry point  As for timing - we're finishing this descending wedge , and falling until something kicks the market. And right now the looming "news event" (which often causes the market to stall in anticipation) is the G20 meeting of finance ministers and central bank governors in Argentina on Monday the 19th. It seems that cryptocurrency will be on the agenda. So just like the senate hearings, where the world waited and held its breath, dumping alllllll the way up to the fateful day only to have nothing but positive news from the hearing itself -- we're still slumping in this wedge . The 19th provides the perfect intersection of rising trendlines , the 0.764 retrace fib, and this selloff, making $7350 my favorite entry point, but holding some reserve bids at $6950 as well, just in case bears try to spook the market by breaking a few trendlines at the last second and stop hunting. All it will take is the slightest whiff of favorable news from the world's finance misters, praising the blockchain or at least NOT banning crypto, to light the rocket. |
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I checked that page, but I don't get the point. It seems to have been written in 2017 and updated. *Btw whoever made this TA is a fucking genius and a legend.
The statements and predictions are generic, and there are whole orders of magnitude between alternatives. Are you being serious or sarcastic? I don't know what you're looking at, but it looks to me like he absolutely fucking nailed it:  |
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G20 tomorrow and tuesday. I wonder how much or how little it will affect the price?
"A media representative for next week's summit, to be hosted by Argentina, which currently holds the G20 presidency, said that the first meeting will take place Monday. The talks will feature Argentina Treasury Minister Nicolás Dujovne and Organisation for Economic Co-operation and Development (OECD) Secretary-General José Angel Gurría, among other stakeholders.
A second discussion will happen on Tuesday, the rep told CoinDesk.
The agenda and talking points for the two discussions have not been released. However, a public document indicates that the discussions will revolve around the implications of cryptocurrencies and the potential applications of its underlying technology.
"The issue is an important item on the meeting agenda; delegates will consider a common response that would mitigate the risks without discouraging innovation," it argues.
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So it is basically not worth it, ok. But... is that something that happens every once in a while? I am trying to extrapolate what happened past times when a similar point of unprofitability was reached.
Ie: If the price started recovering soon or if the hashrate just kept going down until profitability.
I've been mining since 2011. During these downturns, you can make money speculative mining. For instance, bitcoin GPU mining became unprofitable in early 2012 around the time it hit $2. However, you could've mined quite a bit of coins from a new upstart called Litecoin. You would've been mining at loss at the time. There was the great altcoin boom of 2013-2014, which was very lucrative for mining. After that market took a shit, the only things that were marginally profitable to mine were Monero and DASH. Mining either one of those would've made you a lot of money. So, here we are in another downturn. I'm not sure what the next LTC, XMR, or DASH is, but it's out there. Interesting. But as you say many of the times it was just "barely profitable" at the time of mining, no matter if it pumped hard some time later (you could have just bought the coins instead)... Not that I can extrapolate anything I guess  Just buying the coins to begin with is almost always more profitable, as long as you exit during a nice pump. I look at mining as more of a hobby. |
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So it is basically not worth it, ok. But... is that something that happens every once in a while? I am trying to extrapolate what happened past times when a similar point of unprofitability was reached.
Ie: If the price started recovering soon or if the hashrate just kept going down until profitability.
I've been mining since 2011. During these downturns, you can make money speculative mining. For instance, bitcoin GPU mining became unprofitable in early 2012 around the time it hit $2. However, you could've mined quite a bit of coins from a new upstart called Litecoin. You would've been mining at loss at the time. There was the great altcoin boom of 2013-2014, which was very lucrative for mining. After that market took a shit, the only things that were marginally profitable to mine were Monero and DASH. Mining either one of those would've made you a lot of money. So, here we are in another downturn. I'm not sure what the next LTC, XMR, or DASH is, but it's out there. |
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Capitulation on my part has set in. A couple of days ago I even gave up hobby mining with my GPU. Less than 15000 sats per day on my 1070 just didn't seem worth it. Maybe I'll take up gaming now.
No (altcoins) GPU mining profitable at current prices? When was the last time that happened? It's still profitable, but barely. A 1080ti, which cost anywhere from $650-$1,300, is making a little over $1 per day, after electricity costs. |
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Nice one
Bitcoin: a digital currency with known & limited supply, an open global network, and not controlled by politicians.
US Dollar: a digital currency with unknown & unlimited supply, a highly restricted territory-based network, and controlled by politicians. Which will win, longterm?
The one that can be controlled will win. 10,000 or so years of human history prove you wrong, but since when does a troll concern himself with facts? |
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hahahahaha ... this guy is really the typical dinosaur in serious denial about the comet .. hey Prabhu, 2013 called and it wants it's FUD back. this other FUD about the shoeshine boy quote is being deceptively used out of context also ... in 1928 the shoeshine boy myth was created by Joe Kennedy (prez's dad) to articulate that everybody was all-in, including the shoeshine boy and that is what he used to mark the top. In bitcoin the shoeshine boy (do they even exist anymore since EBT cards?) is talking bitcoin because he's a man on the gritty streets who has scored something questionable with it and the top tiers don't want to even talk about bitcoin in polite company (you can't shut them up about overbought stocks, bonds and real estate) ... it's nothing like the "everybody all-in at the top" talk ... it's just some dumb FUD pablum they are feeding the feeble minded chatterboxes in the lamestream to spread around and keep the masses from stirring. Go long on the shoeshine boy! I prefer this shoeshine story: https://www.youtube.com/watch?v=PJzNUydlQ4I |
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bitcoin is in rekt!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
and take health coin with self.. dumb believe idiots are here!!!!!!!!!!!!!!!
Delete awful troll post, or leave it up for entertainment value? That is a dilemma we regularly face here. |
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The thing is I am not specifically against taxes. I am against the inefficient usage they do with our taxes. Taxes are needed, irresponsible spending of public funds absolutely NOT. That's what we should fight against.... but it is a lost battle unfortunately.
Once you accept that someone can extort money from you -for any reason-, there is no limit to your enslavement. But if you are fine with it, good for you. Me, I opt out, with any means necessary. - Enslaved by paying 20-30% in income taxes
- Enslaved by spending years in prison
I'll go with option A. Everyone has pretty much always lived under a mafia boss. The taxes aren't that bad. The regulations that make it so difficult to achieve success are worse and the immigration policy that erodes our culture and the social fabric is worse even still. I agree. BTW, are you in America? You don't have to answer that. |
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The thing is I am not specifically against taxes. I am against the inefficient usage they do with our taxes. Taxes are needed, irresponsible spending of public funds absolutely NOT. That's what we should fight against.... but it is a lost battle unfortunately.
Once you accept that someone can extort money from you -for any reason-, there is no limit to your enslavement. But if you are fine with it, good for you. Me, I opt out, with any means necessary. - Enslaved by paying 20-30% in income taxes
- Enslaved by spending years in prison
I'll go with option A. |
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