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Since we're all fessing up to stupidity over storage, I lost most of my cheaply bought Monero - more than 90% in fact in a bizarre gardening accident.
I can't bear to think about it. Trying to swing trade back up, but it's a hell of a write off.
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Ha - I haven't been on Cryptsy for so long, my account has been locked due to 'inactivity'.
Was going to stick some on there...
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After Testing the Technology for months, NASDAQ Will Use Bitcoin BlockchainMost of you probably heard several months ago that NASDAQ planned to test Bitcoin technology within its business. It now appears the exchange will be rolling it out live in the fourth quarter, partnering with Chain. From Bloomberg: Nasdaq OMX Group Inc. expects to become the first major exchange operator to use the technology behind bitcoin when a project in its private-companies business goes live in the fourth quarter. The stock market operator is partnering with infrastructure provider Chain to use blockchain to issue and transfer the shares of privately held companies. Blockchain is the ledger that drives the bitcoin digital currency. More... http://libertyblitzkrieg.com/2015/07/27/after-testing-the-technology-nasdaq-will-use-bitcoin-blockchain/ Major stuff +1 |
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While I am on - good to see a decent volume back on Polo again.
I hope we might find out what happens to that wall at 26 soon if BTC stays around it's current range.
Monero has a small cap, it won't take much coming in to see significant moves and this rise seems not have much to do with BTC. I wonder if it is not funds looking for what is next.
Feeling bullish.
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Yeah, I remember that article. It was solid. I agree that it will be an ecosystem of coins, but a fairly small number (<10 ?) that will have significant cap.
Anyways, that article got a fair amount of play in tech/startup circles. But few people did the math on what he was predicting for BTC price. Let's take the most conservative view on the assumptions in that statement and say that BTC is only *barely* the biggest coin; that'd be ~10% of the $5T, so $500B market-cap. At full 21,000,000 coins in circ, that's $23809/btc.
Mougayar is a well-respected guy, but if I recall, few people spoke much of what amounted to an investment prediction. I guess a lot of people consider it gouache to speak much of price.
This is a speculation thread, so interest in price is pretty central here ;-) If you think of different programming languages - then it is not crazy to say there may be 10 or more cryptos with significant value / cap, each with a viable niche they can thrive in. It makes sense. Of these 10 it is also possible that 8 do not yet exist, however. This is still just the embyonic stage - not much activity yet exists in terms of real usage (outside speculation), but it will come. Current speculation value is obviously an estimation of the potential of application. We live in interesting times. |
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http://www.bbc.com/news/world-europe-33322754Greek PM Alexis Tsipras has threatened to resign over the result of a snap referendum on Greece's debt crisis due on Sunday. Mr Tsipras said a clear vote against austerity would help Greece negotiate a better settlement to the crisis. Otherwise, he warned, he would not stay in office to oversee more cuts. (ps- isn't this just a repeat of the recent election? will the Greek people have changed their minds now a few months down the line?) I am not sure Greece will vote to effectively crash out of the Eurozone. Seeing capital controls and the banks shut with their money locked in means people might prefer to vote for the 'kick the can down the road' option of approving EU plans - out of simple fear. Even if they think the EU is wrong to treat Greece like this (as it may well be) will they vote for the uncertainty of not knowing when the banks will even open again? Or vote for approving the plan, just to get their hands on their own money...? Don't bet on a Grexit yet, it is not certain and the Greeks may not want to step into the unknown. |
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Since this thread is Monero Speculation - anyone care to speculate on price action?
I've been buying on the way down - makes sense to average down, given I am in for the long term.
I am a long term bull since first days of the Polo listing, but any thoughts on the support at .0016 holding - or is this headed for a bottom around the .0010 mark... I am under water under the 20's. Not concerned, just want to pick up more at sensible levels.
I know TA may be irrelevant and Polo's recent edicts are affecting things - but some speculation would be of interest and much appreciated.
The 1-day RSI was already at oversold levels when the price has fallen below below 0.002 for the first time during this downtrend on May 4th. The RSI is higher now then it was on the previous low (on May 5-6th), so if the price fails again to break the 0.0016 level, there is a good chance (I'd say 70%) that this will be the lowest price in the next 3-4 months. But for someone who is already holding Monero, and only wants to buy more to get a better average entry price, I would wait to see if the 0.001 level can be reached (this is my case too). If you don't hold any Moneros and you are looking for a good entry point, the 0.0016-0.002 zone if a good one in my opinion. Thanks. I think it can't stay sub-0.002 for long, but the price is taking a severe pasting just now and the bottom doesn't look 'in' yet. I already have some low bids in case a whale smashes it down further - and I am looking to get my average down, but it will take bigger buys to get me way under average 20 now - unless I can buy very much lower. Glad your long term forecast is in tune with my gut feeling, nice to have some TA back up the sense it is very much oversold already. Watching and waiting is the name of the game.... Appreciate the response  |
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Since this thread is Monero Speculation - anyone care to speculate on price action?
I've been buying on the way down - makes sense to average down, given I am in for the long term.
I am a long term bull since first days of the Polo listing, but any thoughts on the support at .0016 holding - or is this headed for a bottom around the .0010 mark... I am under water under the 20's. Not concerned, just want to pick up more at sensible levels.
I know TA may be irrelevant and Polo's recent edicts are affecting things - but some speculation would be of interest and much appreciated.
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I agree. I was just pointing out that important condition so people are aware of the risk. Again, if you put your coins there, they can be held hostage for whatever "proof of identification" they deem necessary, at any time, with no notice, regardless of amount. The 2000 USD, etc. thresholds specify the minimum amount of documentation they require, not the maximum.
My take on this is that I have zero interest in giving my identity documents to any of the current crypto exchanges or other crypto businesses, and I have never done so, nor do I plan to. Not because I have anything to hide (all of my activities are entirely legal, and my identity isn't even that secret anyway), but because I simply don't trust them to safeguard it. Look at how many have been hacked, have had data breaches, rogue employees, etc. If I put coins there I'm aware I may have to forfeit them, so I act accordingly, mostly by exposure limits. Which is needed anyway given the risk of being hacked or "hacked".
You're right to point it out, I guess I assumed most here would know that any exchange is a risk (of many kinds). I just feel Polo is a good one, and (granted, perhaps emotionally swayed) wanted to step up for a little balance in case it got a total kicking. EDIT: To reply to Smooth. |
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Ref: Polo KYC, I just looked at verification and for up to $2000 equivalent/ day, for 'level 1' - all they want is a name and a country.
No verification of name required, no ID requested - so you could even give a false one, it seems.
With your email addy known already - you are effectively traceable to that extent by TPTB anyway.
For most people it's not that scary.
Don't get me wrong, I am concerned about my privacy, but it's not passport and proof of addy until pretty serious amounts - probably way more than you should have on an exchange anyway.
One caution Poloniex aims to reasonably identify each user by cross-checking user data against governmental watch lists such as OFAC, as well as 3rd party identity verification and authentication services. If a user or a user’s transaction is flagged as suspicious through our internal controls, Poloniex will require additional proof of identification from the user and has the right to not permit any trades, deposits, and/or withdrawals until additional and verifiable proof of identity is received and the Compliance Officer has approved the user for use of the Platform.
In other words, if you do business there you are at risk of having your coins held ransom for whatever "additional proof" they want, and also possibly the discretion of their Compliance Officer before giving them back. Yes, Smooth - maybe it is naive, but really... with a 'legit' exchange, it's probably also naive to assume they can go on without KYC forever... I don't like it, but Polo can't fight it, realistically.
If there was an official easy to use GUI wallet, < 4 GB blockchain, and database, the barrier of withdrawing XMR instead of BTC would've been a lot smaller.
I have to agree - I am a Mac user and I am not a coder, or even that savvy. I think lack of GUI is a barrier to Monero adoption - it proves the strength of the coin it does well without it, sure - but it would make a big difference to the likes of me... and there are a lot more of me than there are crypto-sophisticates... |
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Ref: Polo KYC, I just looked at verification and for up to $2000 equivalent/ day, for 'level 1' - all they want is a name and a country.
No verification of name required, no ID requested - so you could even give a false one, it seems.
With your email addy known already - you are effectively traceable to that extent by TPTB anyway.
For most people it's not that scary.
Don't get me wrong, I am concerned about my privacy, but it's not passport and proof of addy until pretty serious amounts - probably way more than you should have on an exchange anyway.
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^^ I think this is because XMR is younger than the BTC and we expect (I know, long shot) to reach it in popularity. Besides, there are no trolls in here which is very comforting when you're trying to educate yourself price-wise or tech-wise. Admittedly, XMR feels like "the future" into my mind now. I personally managed to build a nice stash (ie: so many I won't regret the BTCs spent if it goes to 0 and so many that I'd thank myself I bought them if it goes to "da moon").  Feels like a breath of fresh air here, yes - and Monero is young with all the potential upside that implies. Of late, BTC has been a drudge, post the euphoric bubble rise of 2013. I am still heavily in, but less concerned as I was about switching a reasonable % of my stash into XMR. I have enough BTC to make a life changing difference if it indeed rises to its full potential - mostly in cold storage. However, having not been into BTC until early 2013, the feeling that I am able to accumulate far more here at the early stage has a strong appeal. I am about 30 to 1 in terms of XMR - BTC, which is not too much to lose in a wipe out, but has a huge upside if Monero achieves only a proportion of its potential. The Black Swan of BTC collapse and general crypto chaos in the near term is factored in - but with so much infrastructure in place now, I think this is so minimal as to be dismissible. TLDR: Sun's out, future is bright. Aight, so to reuse a phrase, is it true that the whole bitcoin bubble was artificial bot driven with fake USD? If thats the case, there's no actual reason for bitcoins meteoric 2013 spike and thus the true valuation of any cryptocurrency is still up in the air with absolutely no points of reference. I just don't understand: if the price spike of BTC was fake, we should really stop referring to it as real. Good point - but no one really knows the 'real' price of cryptos in general - we can but look at the market price. |
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^^ I think this is because XMR is younger than the BTC and we expect (I know, long shot) to reach it in popularity. Besides, there are no trolls in here which is very comforting when you're trying to educate yourself price-wise or tech-wise. Admittedly, XMR feels like "the future" into my mind now. I personally managed to build a nice stash (ie: so many I won't regret the BTCs spent if it goes to 0 and so many that I'd thank myself I bought them if it goes to "da moon"). Feels like a breath of fresh air here, yes - and Monero is young with all the potential upside that implies. Of late, BTC has been a drudge, post the euphoric bubble rise of 2013. I am still heavily in, but less concerned as I was about switching a reasonable % of my stash into XMR. I have enough BTC to make a life changing difference if it indeed rises to its full potential - mostly in cold storage. However, having not been into BTC until early 2013, the feeling that I am able to accumulate far more here at the early stage has a strong appeal. I am about 30 to 1 in terms of XMR - BTC, which is not too much to lose in a wipe out, but has a huge upside if Monero achieves only a proportion of its potential. The Black Swan of BTC collapse and general crypto chaos in the near term is factored in - but with so much infrastructure in place now, I think this is so minimal as to be dismissible. TLDR: Sun's out, future is bright. |
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It's interesting that the orderbook always has so much more liquidity on the buy side than the sell side even in times when clearly supply and demand are clearing with each other rather equitably (such as over the last couple weeks where we have been hovering in a 0.003-0.004 range). If there were really so many more buyers than sellers than we would not be trading in a range we would be going up. So the sellers are out there, they are just not accounted for on the order book. Any idea why?
I think they just dump. It is a sort of (temporary of course) equilibrium as rpietila pointed out. The sellers don't need to wait because the buy book is strong so they can just dump and the buyers don't need to bid up because of all the dumping. Agreed - there is no price to 'chase' right now - most buyers (like myself, I imagine) have buys set up to catch dips lower than average buy in, or at perceived 'cheap' prices... As long as they 'may' come as it seems right now - why chase up the price? The order book is of course filled with net buyers. I have some sells in too, to help average down - but not nearly as many as buys. If I am not alone, it may be at least part of the answer. The XMR market's resilience is refreshing and feels far more positive than BTC if you compare this thread to say the Wall Observer, in terms of sentiment. |
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how can i create an monero papaerwallet, without download anything?
mymonero.com -> create new account -> login -> account -> account details write down or print out Account Address (Public), View Key (Private), Spend Key (Private) I just ran through it and tried it - very slick. Am not as tech savvy as most and I'm on Mac. I don't feel at home on anything using a terminal window (much prefer a GUI type wallet) but this is helpful. Means I don't keep too much on Polo, Bittrex etc. Going to cold store a few - might as well, I am a long way off selling - been buying since day 1 on Polo. Fwiw - I only have holdings in BTC, XMR and a few handfuls of XCP. Please do make sure you test the method before adding any substantial amount. I cant say that i have personally tried it. Also idk how you came to the decision to buy xmr if you are not tech savvy, but you sure do have a heck of an intuition! Flattering, thank you - but not that intuitive. I have been into Bitcoin since 2013, and after a year or two watching the Wall Observer threads and listening to KFR, Risto and of course Aminorex, you realise there are a few people around who do know their stuff. I was trying to Buy Monero before it was on Polo and it was pretty difficult. As for not 'tech savvy' - I mean that many into Crypto currency are from a programming background, which I am not at all. However, don't worry. I do read, research and I am always cautious. With crypto currencies feeling sometimes like the Wild West it doesn't take a genius to learn to exercise caution. I believe in Monero and admire the hard work and ethos of many behind it's continued growth. I live in hope of a Mac GUI wallet - but MyMonero is as good as, which is why I was grateful to you. Up to now I felt I had no choice but to split my Monero between exchanges. I used to only lose sleep about not having BTC in cold storage, now I have the same concerns about my XMR. |
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how can i create an monero papaerwallet, without download anything?
mymonero.com -> create new account -> login -> account -> account details write down or print out Account Address (Public), View Key (Private), Spend Key (Private) I just ran through it and tried it - very slick. Am not as tech savvy as most and I'm on Mac. I don't feel at home on anything using a terminal window (much prefer a GUI type wallet) but this is helpful. Means I don't keep too much on Polo, Bittrex etc. Going to cold store a few - might as well, I am a long way off selling - been buying since day 1 on Polo. Fwiw - I only have holdings in BTC, XMR and a few handfuls of XCP. |
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Just posting the P 12k, price is not exciting enough to post about.
Hoping Monkey is right on the turn. Buying in moderation...
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Monkey thinks price will be downish until Monday-Wednesday turn starts a steady upward move, but 250 will hold the bottom.
I ask again, has your monkey got this bitcoin thing down yet? I know he/she was a bit weak several months ago. My Cargo Cult TA© says buy as of an hour ago. I already bought yesterday as I anticipated the change due to the quickness of the dump. Remember so far this past week it was buy at 282 sell at 290 buy an hour ago at 260 (I bought at 253) Monkey has been well fed on a diet of analysis and has been bang on the last few posts. Aminorex has brought Monkey up well. Throw him a banana, don't frighten him off? |
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So will this uptrend last or crash?
Bought in around 0.0015
If you don't give a rat's ass about Monero, I would do the following: - Put a stop loss at 0.00165, which is at the low after the first attempt at 0.00194 (high was 0.00192192). - If it hits, you make 10% - If it doesn't, you are rich. Sell when you need a house or something. If you believe in Monero, the advice is: - Buy from the stop-lossed sucker if ever it hits 0.00165 - If it doesn't, you are rich. Sell when you need a house or something. Always happy to help Good to see you in upbeat mode, Risto. All the best - I have had my popcorn out since late last night. A pleasant rise to be watching. |
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... I would dare say that my "bubble model" is at least Copernican ... Maybe even a bit Newtonian...  Bless him, but he is no Isaac Newton. Well, for one thing, I looked into alchemy too. I even have my own theory about the Emerald Tablet. But I am afraid wikipedia does not describe you as one of the 'most influential scientists of all time'. Keep at it though, Jorge. One day you might apply your undoubted intellect to something useful, perhaps more valuable to mankind than your statistical analysis of when China's Bitcoin exchanges are asleep..? |
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