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Well, well well...wasn't expecting that quite so soon.
Congratulations, Gentlemen!
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It'd be fun, I would have no issues. Other than maybe what pronoun to use... |
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^merited for 'putting the fluff in fluffy'  |
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We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops  You may be right, Monero used to have December lows, then a spring renaissance. With Bitcoin ripping away it is hard to predict anything, other than there will of course be another run up. I am sure we will see the USD ATH smashed once again in this cycle. Let's see what pans out, you have been right so far. I did sell a chunk in 2017 - but I have only sold to scalp back more coins since it all cooled down in 2018, I am now happy to wait until the rally to come. |
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Personally, I don't think Monero will go to the 005s or even low 006s. If it does, it will be because BTC rips up (or corrects suddenly) and it will be temporary. Absolute worst case is bouncing off 0.0063 - but I can't see that in all but 10% of scenarios. I see strengthening support in XMR/BTC around the .007 mark, even what looks like a double bottom. The XMR/USD chart looks healthier still. We shall see, but the buy side XMR/BTC is strengthening again slightly (from what looked to be the worst ratio in a long time). I will agree it's early to be saying so, the volume is still low, but I am thinking there is a good chance of this being the local bottom. Gonna cull a few alts and throw the proceeds in. Hope I am right DYOR - I did sell the top a bit, but bought back in far too early. Props to elrippos friend for a better take on the drop than I had. |
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I wouldn't mind Moneristo, but:
Well.... 'risto'
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Disclaimer: given this was a CoinDesk story I have no idea of how much 10% of their treasury is worth, might be £10 for all I know. They might just be off to put the contents of the petty cash tin into Paypal Market cap is only £36M, so doubt it'll be Saylor-size. Still, every company that diversifies is an impetus to the next. Now a trickle, soon a flood? Yup, saw 'listed company' and (wrongly at first) assumed it was a biggie, but no surprises it's less of a story. That said there are a few massive companies, lost of middling ones and shitloads of little ones. This market was built on minnows, now it will grow large enough for big fish, maybe even huge ones with cash piles larger than small countries. There are some huge treasure chests out there all in fiat... |
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You know what I have been pinging around in my noggin, though it's baseless and does not really make sense. Why did XMR prophesy bitcoin's breakout. I mean it could be a coincidence. Probably is really... But I am just trying to think... why could it be, and why now. I mean even in a more general sense... why did XMR have such a nice parabolic run. Hmm.  I used to say 'honeypony don't give a fuck' but in all honesty Monero has a sort of history of blowing up at an opportune time. It did have some seasonal bursts or ebbs and flows for a while, but from mid-2016 it really ripped up - at one point it had clocked up an annual growth of 2,600%. It reached its peak in dollar terms IIRC after Bitcoin had peaked, in spring 2018. So it pre-dated Bitcoin's massive run then... and it does look like a similar pattern now. We have no idea if it would have done it in 2013, as it didn't exist back then, but the last big run was huge and looking at its aftermath up to now, I have been wondering too. Looking at the 2018 decline, post the 2016/2017 explosion, it just looks like a huge curved bowl, or perhaps (dare I say) a cup. It is obvious Monero has been on the rise, but possibly this is just a continuation of the cup shape and we are - so far- only in the early stages of completion. Hopium, or plausible? It's early to say, but the signs as you point out are there. There is no four-yearly halving in Monero's code, but it may just be it does react to Bitcoin's cycle in a rather wonderful way. Gaining against Bitcoin when Bitcoin is gaining against fiat is a seriously wonderful thing. It can be argued that Monero looks like it wants to do it again - and (again) wants to get started early... They say history doesn't repeat itself, but.... |
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I am excited about the price, not excited about paypal at all.
This can't be a whole story, maybe they wait for some ledislation.
Otherwise, why would I buy btc on paypal when I cannot buy thing with that btc and/or move it around?
The answer is HODL  it is not HODLINg if you hodl a paypal database entry and not a real thing. At least, this is my thinking. They will funnel your "btc" to people like blockfi and celsius, get money from it while the database entry will do nothing. On the other hand M. Saylor's true btc buy value went from $425 mil to almost 500 mil in my calculation.... Hmm... I am sceptical too, but: If someone buys it there will be an exchange rate, I assume? And if that is a floating price according to market FX rates - as they already do with other currencies... then they will then need to have a hedge against the kind of thing that happened today to the price. If someone buys a few bucks of it and leaves it a few months (the big incentive to get hold of it is probably the deflationary aspect) then PP have to cover the risk for when it gets used and cashed in at a possibly higher rate - and it won't be small beer if there is even a small percentage of take-up. So logically, they will need to actually buy some 'real' Bitcoin to back it up. Maybe I am wrong, but as strawbs mentioned earlier, there is an argument that the demand does translate into real demand for BTC. Let's see, it may not all be bad. And (as others have said, too) they may go further if retailers want to receive it, and punters want to buy directly with it. They will still get their cut on the sale, so it's not impossible to envisage. Maybe they have gamed this thoroughly and looked at what Saylor and others are doing. Maybe they have seen the writing on the wall. Maybe they looked hard and thought 'we have to at least get in before it's Facebook or someone else taking over the market...' Maybe they can see fiat currencies are becoming more wobbly. Paypal probably wants to be the dominant international payments provider. It is no longer possible to desire that and not see cryptocurrency as either a threat, or an opportunity. Maybe they aren't stupid. |
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Yeah but....it's bitcoin and also 3 other shitcoins that we all know are completely worthless.
Not quite what I meant: They could have sold paypalcoin or some BS like that which isn't backed by anything. LTC is a little coin but at least it has a public mining community. Huffing ether... is, and I didn't see what the last one was. I believe it's BCash, the biggest and most worthless scam coin of them all. The *king* of shitcoins (well, next to BSV of course). i understand your judgement but I would like to mention eth, the DAO, erc-20, etc shitcoin enabler could be viewed as "king" Hmmm... maybe they should have a yearly contest, to see which one is crowned "King of the Shitcoins" each year? I'm sure it would be a tight vote. A few could win multiple years in a row. Yeah but giving CSW any kind of award - YEAR AFTER YEAR, would be awful. |
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Bitcoin on Paypal
Beats Facebook coin shit at least
I'll give it two cheers...
Massive exposure
And they will have to buy some
At least it's a start
All's been said above
If Paypal brings the masses
Who can stop the train?
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Disclaimer: given this was a CoinDesk story I have no idea of how much 10% of their treasury is worth, might be £10 for all I know. They might just be off to put the contents of the petty cash tin into Paypal |
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A couple of years ago I had some GBP in a Revolut account at the start of a four month foreign vacation (that's another story), so I thought I might as well swap it for BTC on Revolut's platform. It sat there for the whole four months, increasing in value relative to GBP. At the end of the vacation I swapped it back to GBP and the profit paid for the vacation.
I know that last year there was a queue of over 15,000 waiting to open Revolut accounts.
This paypal news would allow more people to do pretty much the same thing, I suppose. As someone said earlier, presumably Revolut and now Paypal will have to make sure they always hold enough BTC to cover their customers' positions. In which case, for every 'virtual' BTC 'purchased' by a Paypal customer, PayPal would have had to purchase, or will have to purchase, a real BTC. In which case, the more Paypal account holders who convert their fiat into Paypal's version of BTC, the more demand for real BTC and therefore more CCMF gifs, no?
Good point, they will have to (at least) hedge against the price rising, the easiest way being 'buy an equivalent amount'. Paypal does tend to take a slice of everything passing through; different currencies are never traded at the actual rate, usually there is 3% shaved off (if you buy overseas in a different currency). But your point is a good one - as even their virtual BTC will actually need to be backed, because it's volatile. |
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I'm liking the PayPal thing...
My initial thoughts are that we could integrate this as a solution for bitcoin payments on the cruise ship. There are already PayPal NFC point of sale terminals. Everyone just sign up for a Paypal account, load it with BTC and pay everywhere on the ship.
That would allow people that just want to use fiat to do so as well.
There are also ways of loading up an NFC ring with payment details. Much to research but this could be pretty great.
You can't put Bitcoin into Paypal (or take it out) - you can only buy it 'inside' and use it there, if I read up correctly... |
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Yup just lost the 0.01 battle for now - BTC popped over $12K.
Looks like this is going to be ugly  Well, we just lost that unnecessary extra zero again. I would be very happy if we can hang on over that level for now... But I will grant you it could go either way. Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies. Let's see if it can weather this storm. |
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It could be wales. Imagine you have 10000 BTC and millions of dollars in the bank. Why not play with 1000 BTC, pump and profit, dump and profit again ? At worse you might lose a bit, at best you might earn a lot and increase your stashes.
That old conspiracy theory about the Welsh... I have always though there was a grain of truth in it. |
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Yup just lost the 0.01 battle for now - BTC popped over $12K.
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Yeah - it's a pain to get it working. How's this?  |
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