It is my understanding that he went on a cruise around the world.
You'd think he'd have learned to stay away from the damn boats by now  Yep. I lost a hard disk with a ton of Monero in a boating accident too. |
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...
I mean, when the GUI is out, it is ready for non-ponies and non-fairies (read: normal people) unlike we are apparently. The potential markets are huge and the price potential is even higher because the wealthy bagholders will not bother to sell too cheap if ever.
Another nice side effect of a GUI is that it encourages people to stop using Poloniex as a wallet. I think that the GUI is a bigger deal than what a lot of people like to admit. I think it is something that has consistently made it "difficult" for the average/casual user to easily enter the Monero world and you never want to make it hard for your "customers" to buy. However with that said, it may not create as big a bang as it should right out of the gates because most of the people involved at this point have made accommodations for it and either keep their Monero on an exchange(s) or MyMonero or learned simple wallet and these people will gladly use it but they are already "in". Unfortunately it will only be a relatively small number of people who will immediately jump in and start buying for the first time and using the new wallet. The bigger gains will come over the next few months and weeks as new people from the DMs, people newly introduced to Monero and those who have been waiting specifically for it because in their mind we're like the "only" ones without a gui wallet and now see more value and legitimacy in the project. To some Monero may look bad because there aren't those bells and whistles so of course the devs are "incompetent" because every coin had a shiny new wallet when it first came out... "how hard can it be?". Now, I understand there is a lot more going on here than just writing another wrapper or grabbing a complete wallet codebase and changing the captions, logo and some text and BANG, you've got a wallet. But the average person doesn't know, understand or care and we need to start thinking about how we can do a better job of relating to those people instead of just the "technophiles" which we seem to attract because of the great technology we have. We have fantastic devs on this project, some great contributors who have provided natural leadership and now that most of the key underpinnings of this project are in place or in progress, we need to bring those people with money to spend and not a lot of technical savvy or maybe just no desire to deal with a console app into the fold, make it easy to buy, hold, send, convert to btc,make payments, do some mining, etc... do it right and they will help to push Monero into a place of prominence and drive the market cap to a point that makes it even more palatable to more industries to use without all the volatility. Sorry for running on about this but as I said, in the grand scheme of moving Monero from an "also ran" to a leader in the ecash space I believe this is critical! CTTE I'm new to cryptos but how would the official GUI differ from the unoffical ones currently available like lightwallet? It seems lightwallet is quite easy to use and opensource, is it missing something I'm not aware of? I think it's really only missing the "Official Monero" brand name and the impression that it will be supported for the long run by the dev team. Plus, I'm not sure exactly how fully cross platform it is... someone with more info would have to address that. I hope it runs on Mac OS, personally - I struggled with CLI wallet. I am with you on this. |
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Glad I am not alone in missing the people who post things I really love to read. May I plead that we keep the standards up here? This thread was way better than the BTC wall observer in politeness, lack of book-talking and well... just positive stuff. The Monero community is admired and rightly so. We all enjoy quality analysis and reasoned, polite, astute or fun posts. New friends are welcome, of course and good TA welcome - bullish or bearish. But can we not encourage those who've appeared recently if they gloat and bring nothing to a nice party they were late to arrive at - and bring it down to a level which is spoiling what this thread was about - a genuine long-term interest in a really good coin that is truly fungible and private money. I have been here for a long time and been through the troughs of despair and held (and bought regardless). Monero has been good to me and I hope it will continue to be so. So let's keep it decent and show a little respect? People are watching and wondering - let's show them they are in the right place? End of hippy love-in shit. Promise. I have run out of wine  |
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One more thing, trolls..?
Leave off Aminorex - he an order of magnitude better than those who have dared to lump him in with low-life amateur trolling scum.
Anyone linking him with any of the you-know-who types here is out of order. He saw Monero before it was even listed on Polo. And people listen to him with good reason.
You are not worthy.
Nuff said.
Rant over.
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With the GUI news, I guess we can conclude that .0088 was the bottom. Now we are at .009924 and you can bet that this is discount price. Not sure about breaking ATH soon, but a nice green candle or two is almost guaranteed.
If Dotto calls the bottom. As a rule it's a BUY. Short if you dare - my bids are still in to scoop up the cheap coins, and I am not alone. |
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Just seems strange we haven't picked up a large exchange or two by now....
Apparently, it's not that easy to implement as it's not based on the BTC protocol like any other coin so it needs a bit of work to implement. The same goes for the GUI, for any other coin it's pretty simple and straightforward but XMR is unchartered territory and it needs to be done properly from the ground up. People often fail to see this but that's what's so great about the devs, they seem to be in it for the long run and aren't throwing out half baked goods just because the market demands it. Yep - this is true - but the volume is too good for other exchanges to not salivate over (assuming Monero is NOT going away - which it is not). Patience - it will happen. It's a necessity for any exchange wanting to host the top coins. Polo's rise has been stunningly well-managed and has shown the way. Others will follow - or lose out. |
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I have a feeling this isn't the bottom, but with the official beta gui around the corner, and the Jaxx wallet in 2-3 weeks, it may be a pretty good time to buy.
I'm pretty confident it's not a bad time to buy - XMR will be higher than here in the medium and long term. Anything under 0.011 will look a steal within months. However, it may not be the optimal time to buy. It can easily shoot up beyond the reach of this price as it did before, so waiting may be foolish. Personally, I have been buying as much as I can, but keeping a little powder for any final dips on this bearish run. Any buys averaging around the 0.01 level will look sound before too long, IMHO and I know I am not the only one accumulating here. Yes - we might take another dip back under 0.01.... but you don't want to look back and kick yourself. The sheer amount of desperate and largely ineffective trolling is a good buy signal My 2c worth is buy some now and put a couple of low ball bids around 0.009X in just in case a dumper fancies his chances. I reckon whatever you buy now WILL be saleable later - but whether the bottom is in is not something I feel able to say for sure. If Dotto says it is, rather than asks, then take note |
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Tons of time without enter the room, but looking at the price more or less daily.
Looking at the chart from a EW perspective looks like bottom, isn't?
What´s the feeling?
I am not sure we're out of the woods, Dotto... When we dipped under 0.01 the first time after the ATH, I felt (then) it was the bottom. But we have dipped under again and on relatively low volume. So, I would welcome your thoughts - you've made good calls in the past. I have been buying to get back what I sold (and more) hoping to have spare to sell on the next run. I am sure it will come, but I am not sure it will come before Spring. I hope the GUI will help, some say it's priced in, but I think its delay is now priced in and it will be a pleasant relief when it does finally appear. One positive is keeping up on BTC rises in dollar terms as it has risen. Price (with this variable taken out) must be near bottom, but I still have buys set lower. I hope it's the bottom - but can't see another big run yet. You? |
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The strategic move for Monero is to have the GUI Beta out before zcash launch and I think it's going to happen.
So it will be Soon™ then? Actually, the GUI would be a welcome bit of news. The psychological 0.01 support looks well and truly broken and zcash may affect XMR adversely in the short term. |
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The strategic move for Monero is to have the GUI Beta out before zcash launch and I think it's going to happen.
So it will be Soon™ then? |
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Jeez - if someone wants to smash us down.... Hmm...
Buys waiting!
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One time on my birthday I lost like $500 playing Blackjack,
drove home drunk as fuck to get more money,
went back to the casino and lost another $500.
Man that sucks, i hate myself when i lose 20$ due to trading mistakes  even if i make the money back later i continue to be mad over the loss, i guess it will take a while to get used to it. Dude - if anyone here was perfect, they wouldn't be hereYou have to take risks and sometimes they don't pay off and you learn from it. All you can do is try to develop an edge and win more than you lose. It's a long game. |
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Bought back some again. More ammo if it dumps more.
Man, i miss the times with less noise...
+1 |
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@smoothie. It is very clear that XMR was pumped by some people who knew about the darknet market acceptance. Do you not think that is a form of manipulation?
DNM Acceptance was news. If some new early and bought upon the news, or even the 'rumour' then so what? It was still huge for Monero and genuine good news. Yes it spiked up as a small market and FOMO kicked in, just as it did for Bitcoin along the way from 10,000 a pizza. That is how it is. Manipulated, quite probably - but only in the direction of existing market sentiment. Was it manipulated in the other direction after the ATH? Almost certainly and far more cynically. It was held by too many people who were not buying more and a whole bunch of new holders who would easily be pushed into dumping. Large shorters saw it as a sitting duck. But the push down went too far, possibly just as the pump up arguably went - markets often overshoot. Will it go down to 0.005? As long as BTC does not spike and there is no black swan news... I very much doubt it. Support at 0.01 was very strong, XMR did not capitulate then - why would it now? It will not suddenly go back up to above 0.02 either, but 0.005 - I just can't see it. Touching under 0.01 is possible again - but for me it's a probability of under 20% (Disclosure: I still have bids waiting, just in case). Buy and hold and be prepared for a wobbly ride... up. EDIT: I didn't mean to presume and answer for Smoothie, I am sure he is more than capable of doing it himself - but I had to chip in my 2c on what is an open discussion. |
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Sure, laugh at me if we're out in the Ort belt with $25 + per Monero in December by all means.
Is that... past the Kuiper belt, and on its way to the Oort cloud ? At least the quantum foam is decisively past us with 10k BTC and more daily volumes. I agree we are seemingly 'out of the woods' in terms of a crash to sub 0.007-level disaster - and there is certainly proven support at 0.01, as I had expected. The road up is not as easy as a simple snap back to over 0.02 though, IMO. Financial market uncertainties make the 'stable-looking' BTC look increasingly attractive as a hedge on currency fluctuation - I speak as a Brit who has seen his currency flash crash overnight to terrifyingly levels, way below where it was pre-Brexit and is grateful that his BTC is denominated in USD. Every cent down adds a very nice amount to my (crypto) wealth. So for me, being in BTC, or a currency denominated in BTC is a boon. I am sure I am not alone. Which is why he road ahead is positive for crypto, but rocky. BTC will quite possibly spike up - I would not be surprised to see a decent run prior to Christmas - not to ATH, but over 800 looks possible. I think we will much more than simply keep our value in USD terms, but massive increases against BTC to our ATH or more (in BTC terms) will be very unlikely if this happens. Even if it does not - I doubt any new ATH type run will come before Spring. |
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I don't see it impossible to reach new ATH with next leg..  IMO We will not see an assault on the ATH just yet... I think that was the bottom (a shade under 0.1) as it was on large volume and there is obvious support at that psychological level. I did think it would. Very short term - we need to get over 0.0124 and then a run to 0.018 is possible - maybe even a touch under 0.02. I do not expect to see anything like ATH without massive news or BTC collapse (both unlikely) before December. If it is to come, and you're after my rash guess FWIW: the next big rally to way over 0.02 will be spring 2017 - I am (wildly) guessing late Feb, early March... GUI will bring in confidence, Soon™ - but I will be happy to see us price-finding around the 0.16 - 0.018 before too long - as long as BTC isn't primed for a HUGE leap up, which it does look it's due at some point before year end. But then USD value will hold up as more interest in crypto comes and BTC profits are spread a little into the BEST cryptos to hedge BTC drop back. Removing BTC variable - my gut feeling is the year end will see us still way under ATH - but happily up from here. We have survived a perfect storm of FUD, post price-hike pessimism and whale manipulation of a relatively small-cap coin when when old hands were already 'all in' and new FOMO blood was skittish with what it had just got into. Awareness is good - so for me, growth from here at way under the ATH is now looking a given. I think I will stop sticking my neck out now Good post and sentiments I agree with. I've kind of given up checking on BTC (Adam crying "moon!' every couple of months), so I'm ambivalent about whether it will rise significantly. But if it does, I do think it will attract new investment into alts and therefore XMR. Thanks Nano - if you look at the long term BTC chart: https://bitcoincharts.com/charts/bitstampUSD#rg1460ztgSzm1g10zm2g25zvIt's been on a steady rising bull market for around a year, in spite of all the scaling issues which have tarnished it. A spike up to 720 or even 800 would not surprise me before year end. It's looking much less volatile than it has, so it doesn't look too foolish to hold some as a hedge with all the massive fiat QE risks and Trump etc to worry about. But let's see - mostly I am just a glad as I am sure you are that we seem to be out of the woods with XMR. |
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I don't see it impossible to reach new ATH with next leg.. IMO We will not see an assault on the ATH just yet... I think that was the bottom (a shade under 0.1) as it was on large volume and there is obvious support at that psychological level. I did think it would. Very short term - we need to get over 0.0124 and then a run to 0.018 is possible - maybe even a touch under 0.02. I do not expect to see anything like ATH without massive news or BTC collapse (both unlikely) before December. If it is to come, and you're after my rash guess FWIW: the next big rally to way over 0.02 will be spring 2017 - I am (wildly) guessing late Feb, early March... GUI will bring in confidence, Soon™ - but I will be happy to see us price-finding around the 0.16 - 0.018 before too long - as long as BTC isn't primed for a HUGE leap up, which it does look it's due at some point before year end. But then USD value will hold up as more interest in crypto comes and BTC profits are spread a little into the BEST cryptos to hedge BTC drop back. Removing BTC variable - my gut feeling is the year end will see us still way under ATH - but happily up from here. We have survived a perfect storm of FUD, post price-hike pessimism and whale manipulation of a relatively small-cap coin when when old hands were already 'all in' and new FOMO blood was skittish with what it had just got into. Awareness is good - so for me, growth from here at way under the ATH is now looking a given. I think I will stop sticking my neck out now |
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Time for a whale or two to see this as time to close shorts and get back in..?
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It looks like there is some sentiment around 0.012. Someone or someones seem to think this is a line in the sand.
I agree there is a scrap on - and as Nano said 0.0124 is around a fib retracement level from the top, so I'd love to think it would hold. However, we have not had that one last capitulation spike down and one more determined shorter may try. We may even need a spike down that doesn't work to establish a real bottom. Or an event (official GUI? / DNM demand evidence?) to lift us. Between now and December we could still see further lows if BTC spikes up, or volume stays at this level and there is not enough willingness to buy it back up convincingly. Even medium term I feel sure we will be healthily above these levels - certainly by spring. But right now there is no urgency for new money to buy in before an obvious turn has taken place. I am holding and placing buys to catch any falling knives that could take us way under 0.01 - but it is true we are now low enough for most people to see it as cheap coins. Under 0.01 (even if it comes) will not last long. I think too many people are ready to buy the hell out a bargain like that. IMHO: Anyone who hasn't already sold should hodl now - but keep a little on the side and watch for a real bargain if it comes.... |
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Anyone tried it out? Impressively fast - makes you wonder why we are still waiting for the official version.... |
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