The market seems to think a step closer to the GUI is positive....
The GUI will bolster XMR up significantly. That is see that is stronger which WILL support the price. Up is more likely, down is less likely.
The lack of it has held XMR up.
Priced in? To a certain extent, yes - but the lack of a GUI has had a negative effect, too.
Only the hype about the GUI may be priced in. What cannot be priced in is actual demand increase/supply decrease due to more people hodling more Monero safe and snug in their own Fluffyboxen. Some of those people may be DNM users and some may be investors. The point is all the various CLI averse folk (aka drooling masses) will have an easy point and click method to take coins off the exchange(s) and conveniently use them for whatever they want. That creates the feedback conditions needed for a price spiral, as increased network effects intensify XMR's status as a Giffen good. There is also the class of potential XMR investors who have eschewed (or limited their) exposure until the core devs prove they can ship their GUI. Apparently "fat protocol" investments are quite au courant, so that class may be much larger than we imagine. http://qz.com/861721/bitcoin-prices-are-at-a-2016-high-despite-silicon-valley-having-soured-on-the-currency/ Fat protocolsBitcoin is an instrument of financial speculation; what value the traders see in it remains open to interpretation. But there are some clues. A new theory is emerging in Silicon Valley, led by prestigious investors like Union Square Ventures, about bitcoin’s worth. It’s what Union Square Ventures’ Joel Monegro calls the “fat protocol”—and it’s driven by the failure of heavily funded bitcoin companies to produce the kinds of spectacular results Silicon Valley expects, even as the value of bitcoin itself continues to climb. Venture capital has usually been rewarded for investing in the application layer of the technology stack. Facebook and Google, for instance, are basically mega-popular applications built on top of the hypertext transfer protocol, the foundation of the web. But cryptocurrencies buck the trend. The underlying protocol keeps growing in value but the companies building applications never get anywhere close to that. All the bitcoin in circulation is worth $12.5 billion (and ethereum is worth over $700 million), for instance, but the biggest bitcoin companies are only valued at several hundred million, Monegro estimates. The rule of thumb when it comes to fat protocol investing is this: “The market cap of the protocol always grows faster than the combined value of the applications built on top,” as Monegro puts it. The reason: Successful cryptocurrency applications drive up demand for the currency, or more specifically, the tokens that are coded into the currency’s protocol. For instance, when Dread Pirate Roberts dreamed up Silk Road, people embraced the idea of e-commerce for drugs, driving up demand for bitcoin to pay for them. An example that doesn’t involve contraband might be the Bitfinex exchange coming up with a peer-to-peer margin-trading mechanism, which presumably prompted more people to buy bitcoins to trade. Polychain CapitalThe fat protocol rule, and the underlying feedback loop animating it, might explain bitcoin’s current price rise. Union Square Ventures and fellow bitcoin bull Andreessen Horowitz are shifting their bets accordingly. They’re now increasing their exposure to bitcoin itself, if not by buying coins directly, then by taking stakes in companies that do. One such company is Polychain Capital, a new cryptocurency hedge fund. Andreessen Horowitz and Union Square Ventures have pumped $10 million into the firm, and into the fund itself. Polychain founder Olaf Carlson-Wee won’t say much about how his fund invests, except that it’s long-only and the goal is to get into blockchain assets at an early stage. IMO Bitcoin and Monero are the best, fattest protocol tokens easily obtainable by anyone with access to Bitfinex or Shapeshift. I wholeheartedly agree that the GUI will encourage more (ok, possibly minor) buyers into XMR. It's obviously a good investment - but 'no wallet'? Duh! People saying 'CLI is easy' are myopic veterans, insiders; the masses want 'point and click' and in this day an age, if it ain't easy - it's enough to steer users away. After all, there are plenty of other coins. All with wallets. A GUI will make us more accessible to a wider user base - anyone with a problem with seeing that is at best misguided, at worst: foolish.
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The market seems to think a step closer to the GUI is positive....
The GUI will bolster XMR up significantly. That is see that is stronger which WILL support the price. Up is more likely, down is less likely.
The lack of it has held XMR up.
Priced in? To a certain extent, yes - but the lack of a GUI has had a negative effect, too.
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I learned my lesson. Now whenever I go on a boat I have them tie me to the mast.
"You're a sailor! You Sail!!!" It's sound advice on the high seas, but sometimes it costs. I was lashed to the mast... steady at the helm, but in the storm I didn't think about that hard disk.... It washed close by me, and as I reached for it and wailed in pain, I realised I was tied too tight to reach and away, overboard went my Monero. I wonder if they rest in the belly of a giant whale....
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Wow, pull says GUI launch yesterday! So sorry that you're out at the moment. You're about to get wrecked. He is so butthurt he missed the big hike - hasn't been here in ages, been begging for pennies on the street to get back in and 'just needs more time' now. I feel sorry for him. Some guys just never realise they are not smart enough.... (evidence of inferiority complex due to unseemly and rather crass boasting) ..-. ..- -.-. -.- --- ..-. ..-. -... .-. .. .-.. .-.. .. .- -. - / -....- / .. / .-- .. ... .... / - .... . / ..-. ..- -.-. -.- . .-. / .-- --- ..- .-.. -.. FWIW I have very little Bitcoin and sadly lost all my Monero in a boating accident.
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BTC just went through the 780 barrier...
Venezuala proves Andreas's 'war on cash' just got more real...?
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Everyone else ignores this turd. Only comes back before good news to try to spoil it. Ignore. But when you see he posts, don't read, just BUY! EDIT - and a nice green candle to prove it He he! Primer is always too late. It's pretty obvious that he miscalculated, and is out. Let's watch him struggle to keep the price down. Ha.. He has no effect. No one takes him seriously
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Wow, pull says GUI launch yesterday! So sorry that you're out at the moment. You're about to get wrecked. He is so butthurt he missed the big hike - hasn't been here in ages, been begging for pennies on the street to get back in and 'just needs more time' now. I feel sorry for him. Some guys just never realise they are not smart enough....
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(Amateur Troll FUD) check his trust rating?
Do i need to show you the fault of your logic... if it was censored, it would not be in the #monero-dev chat log... I think that primer coming in the channel, freaking out/getting angry and then calling Monero a shitcoin is like asking to be banned. https://puu.sh/sNpTo/fc2ce9b208.pngThis account was created to shill monero, just look at the post history. Chat log posted was cut for convenience.. Don't quote him - paid troll, trying to help whales pick up coins before good news comes out. The upside is his (ignored) post is usually a good sign. Expect good news
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(TROLLING)
Wouldn't the pool operators simply upgrade their clients with maybe a little downtime? May I ask what the "ETH-like disaster" is? Thanks. Everyone else ignores this turd. Only comes back before good news to try to spoil it. Ignore. But when you see he posts, don't read, just BUY! EDIT - and a nice green candle to prove it He he! Primer is always too late.
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Lots of drama, wailing and gnashing of teeth... getting a decent wallet out should completely solve this kind of stuff. Hang on! It's coming Soon!
Also, and this is just a suggestion but, when we release it for Windows somebody needs to drag out a copy of Installshield or Wise and create a standard setup file, this is pretty much the least that is generally expected in the Windows world.
I have to agree that it is about time a simple 'one click to set up', GUI wallet was available. $100 million market cap and no GUI wallet for new users to feel welcome? Yep, we're genuine and nice - not IPO types etc.... But a wallet is overdue. I struggled through the CLI method (with generous help from wonderful friends on here), but I do understand it looks like a pretty basic expectation is not being met for new holders who just want a wallet to put their coins in. I really hope that Soon™ means weeks now, not months. I'm not someone who knows anything, but a reader of these posts might conclude there is no GUI wallet for XMR. My understanding is there is more than one audited and working third party GUI wallet for XMR. AFAIK official GUI is coming Soon™ but awaiting new daemon, Jaxx wallet was coming but is not yet complete and the only other third party one I saw was very basic and incomplete, without any audited thumbs up I saw. If there was a decent GUI already, we wouldn't be giving newbies advice on CLI wallet. But if you know better, do tell - I will be happy to stand corrected.
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Lots of drama, wailing and gnashing of teeth... getting a decent wallet out should completely solve this kind of stuff. Hang on! It's coming Soon!
Also, and this is just a suggestion but, when we release it for Windows somebody needs to drag out a copy of Installshield or Wise and create a standard setup file, this is pretty much the least that is generally expected in the Windows world.
I have to agree that it is about time a simple 'one click to set up', GUI wallet was available. $100 million market cap and no GUI wallet for new users to feel welcome? Yep, we're genuine and nice - not IPO types etc.... But a wallet is overdue. I struggled through the CLI method (with generous help from wonderful friends on here), but I do understand it looks like a pretty basic expectation is not being met for new holders who just want a wallet to put their coins in. I really hope that Soon™ means weeks now, not months.
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Anyone care to speculate on how xmrbtc would react to a new 10x runup in btcusd? I think we'd revisit 0.003 but then slingshot to 0.03 post-bubble. Or do so many of us expect this that it won't happen?
It will slip if there is a HUGE runup, but probably maintain its dollar value. Then as people take profits, XMR's hedge reputation will see profits diversifying into it - slingshot time. That said, a 10x BTC runup is not happening until some consensus over scaling issues is finally resolved and it may not be for a while yet. The ETF will see a hike, when / if it happens. But no 10x runup is certain. A working anonymous coin (which BTC is not) will look very appealing to people wanting to stow wealth privately which they make in any runup anyway. Hold both and wait and see - but if you ask me, XMR will double in price easier than BTC will...
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How about a little TA on this 'speculation' thread?
Good support has turned up for the 0.01 level - and buy side on Polo is at above normal and exceeds sell side comfortably, implying a reluctance for hodlers to sell.
This is bullish - especially when BTC has broken the 750 level. Anyone looking back would say (normally) a dip to under 0.01 was to be expected, but the support is surprisingly good.
So - TA gurus - pipe up, what do you see in your crystal balls? December lows are historically the norm, as is an inverse relationship to BTC price too.
Are we in a new paradigm?
The support is also natural for the lifespan of renewed interest (Monero is almost like a new coin for holders who bought or mined in the last few months) so add that to the unsurprising December slump and corresponding drop to bitcoin's rise and you have pretty much a textbook response for XMR. Now if we think the textbook is still accurate, then we see Q1 2017 for a renewed climb to 0.02 but only if it can breach significant walls in between. I do think it's held up pretty well, though. If we make it through this month at this kind of price level, walls or no walls Spring will be rather good. Announcements and developments can easily wreck anyone with overly ambitious shorts when the buy side is this strong. Minor whales beware.... ;-)
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0.01000000 668.25945239 6.68259452 going down boyz Cheap accumulation with that suppression going on don't fall for it. As soon as they're full it's going back up fast. Here's my margin. Est. Liquidation Price 0.00807476 Called it the whole way hope you guys listened. Watching it too, it's an interesting show. I don't play with margin but I'm happy to scoop up cheap extra coins for Christmas.
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Some pretty serious dumps... Whale?
Looks like a single entity, market is generally bullish so dropping many thousands at once looks odd. Around 12,000 in the first large dump, then another of around 7,500.
Buy side ratio still high - so does someone want to spoil our Christmas, or was it a legitimate cashing out into depth?
people are preparing for btc to go over 1k i think some xmr dumps are to be expected core is meeting the chinese miners on sunday to figure out the scaling problem and if that goes well ,altcoins will be screwed until sometime next year and btc will probazbly slingshot to at least $1600 when the scaling issue is resolved Hmmm... I didn't know about the meet. I do agree 'when the scaling issue is solved' there will be rockets for BTC. But AFAIK it's still 'if' rather than 'when' - I will keep an eye out, thanks.
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Some pretty serious dumps... Whale?
Looks like a single entity, market is generally bullish so dropping many thousands at once looks odd. Around 12,000 in the first large dump, then another of around 7,500.
Buy side ratio still high - so does someone want to spoil our Christmas, or was it a legitimate cashing out into depth?
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they have to keep their banking relationships happy. that outweighs anything to do with bitcoin. i think i read somewhere them saying good things about bitcoin but they had to stop dealing with it.
Really? I'm sure the CEO said the opposite - that Bitcoin was dead and that nobody uses it. I used to use them for a while and then when I sent a translator in France a payment for a translation for a job I was (legitimately) doing in French about Moscow and I put a reference 'Moscow translation' on the payment it was held up for ages, I complained and they asked (extensively) what it was for, why I was doing it etc. I said it was a transfer of funds in Euros - exactly what they were advertising was 'easy' with their service. They were suspicious because of the use of the word 'Moscow' that it was a breach of Russian trade embargoes / money laundering etc. which was ridiculous. They refused this legitimate (and totally legal) money transfer for UK to France totally and so I never used them again, and I never will. One day, I will do all of this in Bitcoin - right now, realitstically I can't, but it's not long way off. No one else can offer these legitimate payments without excessive charges and / or 'questions' about 'why ' a person wants to do it. They are resisting the tide along with all the others. This is why crypto will win and fiat banks will lose in the long run. Long live frictionless, cheap transfer of money across borders. Long live BTC.
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How about a little TA on this 'speculation' thread?
Good support has turned up for the 0.01 level - and buy side on Polo is at above normal and exceeds sell side comfortably, implying a reluctance for hodlers to sell.
This is bullish - especially when BTC has broken the 750 level. Anyone looking back would say (normally) a dip to under 0.01 was to be expected, but the support is surprisingly good.
So - TA gurus - pipe up, what do you see in your crystal balls? December lows are historically the norm, as is an inverse relationship to BTC price too.
Are we in a new paradigm?
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Is monero great altcoin to be choose as my investment ? I really want to start investment to altcoins and im looking for the best one where i can easy make a good profit for a month coz next year im having a party which is i want to invite all of my friends Is monero will be the next bitcoin?
Most people here are bullish about Monero and if they were to answer this, up to 90% would probably give you a positive and encouraging answer. However... a short term profit in a one month time frame? No-one can honestly give you an honest answer that assures you of this with any certainty. Simply because this is the world of cryptocurrencies which are highly volatile and very difficult to predict - on any time frame. My personal belief is Monero is a great investment, but that does not mean in one month I believe it will definitely be a higher price than today. I think (over a longer term than one month) Monero will do extremely well and of course the GUI and Ring CT should both be here within a month, which is likely to boost the price - but nothing is ever guaranteed. Do your own research, take a view and make your own decision. At least if it is wrong it's your own fault, when it's 'someone else's fault' it's far worse. If you do buy and it does well for you, don't forget to invite us along? ;-)
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Nite all. Off to Iceland early in the morning.
Look after Monero for me, eh?
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