ATH and oz/silver parity parties to be held at Monero Manor and Monero Mountain!  Lets hurry on that Ag parity. Maybe catch it on the down swing, or it's going to be a race to overtake it once its own rockets ignite Not that I would mind having that party at $50-$100, but I'm due for a party soon, so between 10 and 20 would be better timed  ADD: metals and oil (and subsequently the Canadian dollar) having a nice little rise today. Stay tuned for shock and pain to follow. |
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What do I need to do to upgrade from v0.9.1? Delete everything and start from scratch, or can I save the blockchain (was a bitch to sync with my spotty connection). Or should I wait until next week? EDIT: downloaded windows version, unzipped to a new location. Copied wallet and keys files over from old folder, and simplewallet seems fine with that. started daemon, and it seems to have found the database without issue (where the hell did windows put it?), as it synced immediately. Can I delete the 0.9.1 folder completely? You could have just just unzipped it to the folder you had 0.9.1 in. It will write over the necessary files. " (where the hell did windows put it?)" It usually defaults to downloads but you can select "browse" and place it anywhere you want, again where you had the version you are updating from. He probably asks, where the database is stored  In Windows the place is... C:\ProgramData\bitmonero That's the one! thanks! |
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What do I need to do to upgrade from v0.9.1? Delete everything and start from scratch, or can I save the blockchain (was a bitch to sync with my spotty connection). Or should I wait until next week? EDIT: downloaded windows version, unzipped to a new location. Copied wallet and keys files over from old folder, and simplewallet seems fine with that. started daemon, and it seems to have found the database without issue (where the hell did windows put it?), as it synced immediately. Can I delete the 0.9.1 folder completely? |
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I haven't made a bitcoin transaction in a while. Just did one, expecting delays, with all the hype going on. 7 confirmations in 28 minutes. Surprised? Ah, yep.
28min?!! i hope they kept your coffee hot while waiting for the payment to confirm!  they had him wait in the "special" line for "special needs" peoples who need wait on bitcoin to confirm #GimpedCoin Yep. Free hot coffee, and a blowjob while you wait. Won't let you take the rocket launchers home until at least 6 confirmations though, so had to wait almost 1/2 hour. But with the excellent service, who cares? |
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I'm thinking maybe a maximum of 7 more days sideways/down with a low between .0024 and .0020 and then another explosive wave up.
I think there are a lot of people here who would love to buy more XMR at prices between .0024 and .0020 There is a decent chance we may not go that low ever again. There is some serious competition for anything below .0025 I'm going to take my own advice, and stagger some bids down to that level, see what develops. |
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I haven't made a bitcoin transaction in a while. Just did one, expecting delays, with all the hype going on. 7 confirmations in 28 minutes. Surprised? Ah, yep.
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Ladies and gentlemen, 1-2 years from now and we hardly have inflation in Monero. In those days if the demand of Monero starts to increase the price goes literally to sky-high. Given the activity of the community and a great unison in making the difference I do not see too many reasons why this could fail (pessimists will see of course, and I am kinda expecting now some pessimists to reply to this - sure there are ways this could fail obviously).
Yes, there are obvious failure cases, and likely some not so obvious ones. OTOH, as you point out, the positive side constantly strengthens as inflation slows, development and community progress, and the global economic ecosystem drives capital to find alternatives for preservation, if not growth. The greater crypto currency system is so tiny, that only a drop from the global economic bucket will raise all boats. Maybe swamp some of them, too. If When it comes, it could be quite violent, as shown by bitcoin in the past. Look at ETH recently on greed and speculation alone. Add some fear, and the results could be eye popping, to say the least. Place your bets, gentlemen. |
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I've been paralyzed over the last week or more due to the lack of a USD/XMR pair.
Honestly, I don't want to buy XBT at $415 just to use it to buy XMR. It's stupid, I know, but I've been waiting for a dip to $390 or so to buy XBT, just so I can move it over to Polo to buy XMR.
What the hell is wrong with me? Shouldn't I just look at XBT as the medium through which I'd be buying XMR at $1.17? My $1000 still would buy me 855 XMR. I guess I have this notion of waiting to buy XBT at 390, then picking up XMR at .0027, thereby paying $1.05 per XMR. But that may not happen, right? RIGHT?
I mean, it doesn't REALLY matter if XBT goes up or down, I think, when considering this.
Somebody help me overcome my paralysis with some analysis. Please. My XMR holdings are also once again above-water, which is a mental change, as anytime I'd added in the last year, I was lowering my average. Now I'd be raising it.
Analysis: BUY BUY BUY!!!You will be increasing, your average buy price, but at a decreasing rate as your hoard increases  |
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Added: BTW I hold no XMR atm. Fucking shark this morning. !@#$%#%!#@@%#@% Teach me to try to help suppress while I buy to stop the bots. Hello friend, thank you very much for the sell wall to help me get in with less slippage. I appreciated it. It has been very hard to get very much Monero, you have to wait days for a significant dump. You won't be getting that XMR back from me, but maybe some weak hand will be kind enough to let you back in by putting up another sell wall or dumping into your buy. As Monero rises it will leave behind part of its community who sold too much along the way, and never got the pullback they needed. This is inevitable, some of the people posting now in this thread are going to mistime their trading and lose their Monero, and watch in agony for years as it rises. But they will be replaced with new people as we grow. I would recommend that we all limit our XMR trading sells to a reasonable percentage of our Monero, and if we mess up and can't get it back, hold on to what remains even harder. This is better for Monero in the long term than losing some of its strong community members to their trading mistakes. You are so right. Monero is pretty hard to acquire any significiant amount without causing the price to rise. Even buying 1000 XMR will have an impact on price without sell walls near the spot. I agree that we need to say farewell to part of the community on the way to the moon. I am sure some of people will sell all their coins and get replaced by several more coin holders. That's life, and the sellers are the ones who regret the most in the end when looking how rich they could have been by being a bit more patient and perhaps adding their collections a bit every day. There are many reasons that entities/holders might sell or spend their moneroj. Maybe, just maybe, becoming a gazillionaire is not the be all and end all goal for some. As far as 1000 XMR having an impact, our definitions of impact would appear to differ. 10 000 XMR tends to move a few percent for a few minutes. In recent market conditions, it would be fairly easy to accumulate 100K coins within a pretty tight window of price and time, and leave no lasting effect. Of course, it would be more fun to time it just right, so that you shoot a green candle right out the top of the monitor, but it isn't necessary if you don't have the funds to waste on such childish pleasures |
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...
The trouble with CDN is that (despite the recent bounce ) it is on a downward trajectory against USD. Holding it is a losing proposition. I bought some more BTC the other day just to take advantage of what I guessed to be a CDN high mark. So far so good. That BTC is easily and quickly tradable for XMR or USD for very reasonable fees, compared to CDN in the legacy banking system. Days and days to transfer with many times higher fees. WTF. Might as well courier bullion. CDN limit buy BTC right at market, then after a couple dollar rise (typically within a few hours) to more than cover fees, into USD where it can more safely wait for an entry point that I like. Covoluted, but I dislike losing 1% overnight holding CDN just because oil dropped 50 cents.
You mean CAD. For someone in Canada I would argue that holding CAD can make sense over USD, especially if the idea is to hedge a significant XMR position. My take is that the over the medium to long term the fundamentals of the Canadian economy are stronger than those of the US economy, the Canadian banking system has historically been safer than the US banking system and last but not least CAD does not have the loss of reserve currency status risks associated with USD. When holding gold was made illegal in the United States in the 1930's many Americans kept their gold in Canada. The social and political risks can also be lower in Canada that in the United States. As for XBT when it takes a day to get one confirmation from the Bitcoin network, as has recently been the case, the legacy fiat banking system actually becomes competitive, Ultimately this is about one's comfort level. My comfort level is stronger with the smaller currencies, XMR and CAD than with the larger currencies XBT and USD. Edit: I am not interested in day trading here but rather in holding over the medium to long term. Unfortunately I don't hold a significant position in anything to hedge right now, though I'm getting a foothold again this last year or so. For what I do have, I feel that CAD is a poor choice in the next 6-12 months at least. As a resource based economy, we are in a world of hurt. I have zero faith in CDN banks or government; they think they are going to grow the economy by doubling down on infrastructure spending, while resource markets dwindle to nothing  I disagree on the long term. CDN economy either goes drastically down before the US, or with it. It certainly will not stand without it. If When USD starts to crack up, its time to divest ALL fiat, because not only is the world on fire, but the fall into the sea has begun. I don't see that happening inside of 12 months, though I wouldn't want to bet on anything over 24 months at this time. There is still considerable capital inflow to USD, and more to come as the world burns. Interesting Times, to say the least. XBT has been questionable to me since it's fungibility came blatantly into question with coinbase et al and has not reassured me since. That doesn't preclude a new XBT bubble, however, as market valuations have little to do with fundamentals, it seems. Every day the case for XMR gets reinforced by TPTB, as capital controls, taxation, and surveillance spiral out of control. It may be wishful thinking on my part, but aside from tangibles, there is no better choice than XMR. Profit is incidental, though growth is necessary for the security and longevity of the project. All we can do is position ourselves as best we can to survive and prosper. Most people won't, but hopefully enough recognize the potential here to build a thriving economy outside the flames of the legacy system. |
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Are most holders here under the belief that monero will reward them more than holding bitcoin?
Edit to add: 2 years from now, who has a fatter wallet, 100 bitcoins or 10,000 monero?
As a long term holder my feeling is yes. First as has been pointed out before 100 XBT will get one well over 30,000 XMR at market. So 30,000 rather than 10,000 is the more relevant number. The problem I have with Bitcoin is that the reality is very different from the original idea of a fungible digital currency that anyone can use to pay anyone without the need of an intermediary or "bank". This is primarily due to the fixed blocksize limit which currently restricts the number of transactions to about three transaction per second. There is simply no opportunity for growth in Bitcoin since stagnation is hard coded into the protocol via the consensus code . This has led the a bear market in Bitcoin now over 27 months old. I see the downside in Bitcoin to be very real with little or no upside. Monero on the other hand has an adaptive blocksize limit. This means that there is no three transactions per second limit hard coded in the consensus code and consequently Moenro has a very good upside potential. Yes there is downside to Monero also; however I would consider it comparable or somewhat less than that of Bitcoin. The risk to reward ratio becomes an upside many orders of magnitude higher combined with a comparable or somewhat less downside. My current position is a mix of Monero and Canadian Dollars with very small Bitcoin and Namecoin positions. The Canadian Dollars provide the necessary liquidity. Appropriate disclaimers are needed here. This should not be considered investment advice. Investing in crypto currencies involves extreme high risk and the possibility of loosing the entire amount invested. It should only be undertaken after doing one's own independent research and obtaining appropriate independent professional advice. The trouble with CDN is that (despite the recent bounce ) it is on a downward trajectory against USD. Holding it is a losing proposition. I bought some more BTC the other day just to take advantage of what I guessed to be a CDN high mark. So far so good. That BTC is easily and quickly tradable for XMR or USD for very reasonable fees, compared to CDN in the legacy banking system. Days and days to transfer with many times higher fees. WTF. Might as well courier bullion. CDN limit buy BTC right at market, then after a couple dollar rise (typically within a few hours) to more than cover fees, into USD where it can more safely wait for an entry point that I like. Covoluted, but I dislike losing 1% overnight holding CDN just because oil dropped 50 cents. |
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http://Monerohash.com/nodes-distribution.html is indicating 170 active nodes. That is the highest I've seen in the short time I've been watching that page. Has anyone kept track of past data? I'm curious as to how this fits historically.
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Monero is up ~ 50% from 2 weeks ago. Consolidation here for a spell is not a bad thing. The wall will go soon enough, one way or another. The market will get used to this level, then level-up again. And again. Some dips and doldrums are expected, required, and happily exploited by those who believe in future growth. Relax!
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Wot?
Adam is fired??
Firing seems a bit much. On the other hand, some of his posts (maybe up to 10% of them or so) were getting a bit crazy in terms of spreading fucd in relation to achieving Bitcoin consensus. Who's gonna make the weekly polls, now? Maybe the rumor is not true? Buddy, You have to know that you're stupid, right? I mean you sort of recognize those patient tolerant looks you get from people you know to be smart. Deep down you know you just don't have the cognitive horsepower. You try to tell yourself that your feels are just as important as those smartypant's thinks and in truth maybe they are, but they're not the same thing, are they? I don't have a problem with stupid people. I work with stupid people everyday and we usually get along fine. Nobody at the firestation is trying to write a white paper critical of string theory. The problem I have is with stupid people who don't know they're stupid. These are the truly dangerous people who vote for sociopaths and give all sorts of terrible advice. Just tell me you know how dumb you are so I can relax and feel better, because otherwise I'm afraid you may be a threat to yourself and others. or don't even tell me. Why should you care if I feel better? Just be honest with yourself. It's not the end of the world. everybody has limitations. You're probably nice to your family and kind to animals. It's not your fault that you can't process information very well, recognize patterns or apply logic to premises to gain a valid conclusion. It hurts my brain to follow your muddled disorganized thought processes whenever I read your writing. I can do it, but i just don't enjoy it. I have to tell most of my brain to do something else when I do it. it's like watching a Shakespeare performance by a stutterer or listening to a tone deaf person sing. I'm sure you're good at something, just not at thinking. Find that thing and do it. Post of the day week month. Thank you  |
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Wow, no Adam, no Chartbuddy...
That is great. Less clutter is always better. Chartbuddy spam was very annoying. You guys act like he was sent to a forced labour camp. He's doing 10 days for dragging that shilly sig all over the forum in a drunken haze. I did 3 weeks once and nobody even noticed. Perhaps you didn't notice the rejoicing, if you were not here... Or, were you crying at the gates, watching from outside? |
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But imagine if they start to control what you can buy and not, you cant even prepare for a collapse. So if one does happen after that, most people will be very skrewed.
Absolutely true. In every case. most people would not prepare for anything even if you hit them in the face with it. In general, those among us that haven't even looked into the possibilities of drastic change (and I'm not talking for the better) never will believe it. Someone has to be that majority that loses; be it money, status, or life. Regardless of preparations, you at least have a better chance if you're watching it close in, as opposed to being blindsided. If the status quo remains indefinitely, have your preparations for change greatly harmed you? Do it now, and sweat less later. |
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Holy shit, literally. Next time they come into your bathroom and take a sample of your shit and build a profile on your shit and put your shit in a database. It's really out of this world absurtidy. Nothing better to do, everything is running smoothly. I think if I lived there I'd have to start planting samples of interesting variety. |
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Any thoughts on ETH guys? Just cant get a grip on this BEAST. thanks
There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge |
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I placed bids last night thinking it was possible to sell any acquired for a profit and thereby average down at least a bit. Well a couple of my bids were filled below freezing. The price has just spiked to ~300 but once more I find that my sell button is broken.
If you itch to sell, sell brokencoin bitcoin for XMR. Instant gratification |
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No mention that Adam got the boot from Theymos here? Weired. Well, life goes on. At www.bitco.inNow both moderators of the epic threads "Gold collapsing, Bitcoin up" and "Wall Observer" (Cypherdoc & Adamstgbit) are at bitco.in (PS. The new moderator here will probably delete this post as soon as it is detected.) dafuq? Edit: The Purge continues. Adam went mad with Ether. He was a danger. now that we have know ETH will soon displace bitcoin, who's left to buy the ETH any higher?
And probably a spy. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge |
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