Surely not going bearish on XMR?
No, I am just holding and waiting while busy elsewhere. Just bearish on my ability to analyze the current crypto environment without committing to more work that I can spare. It's a weak intuition, but I am expecting a new ATH before autumn, and passing 1k usd for good in 2019. I think we are trading near the fundamentals on DNM use right now. I suspect that difficulty will continue to increase, which constrains the lowest marginal clearing price of new supply. I think XMR will intermittently, with gradually increasing frequency, start to trade more like a monetary commodity and less like a technology speculation. Sure we can take a spike down on dishoarding by a large speculator, but given the rising demand for transactions and the ever tightening supply, it seems foolish not to participate until at least one of those trends has reversed. Supply growth is not going to diminish any time soon, and DNMs seem to be growing roughly according to Moore's Law, so it is quite hard to find an asset with a comparable risk/reward value. Isn't is more healthy to just let that second kind of fork happen if it's going to happen but continue to push development forward on both forks rather than everyone just sitting around with their thumbs up their butts not improving the network because trying to do so "would cause a fork"?
I think so. I also think that forks in Bitcoin have made ownership of Bitcoin more appealing: It works out much like a stock split or a special dividend. So, while I would prefer that it should not happen because I don't really want the volatility it implies, or the loss of valued community members - especially that! - still I expect to trend chuffed, in the breach. |
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Any news when Monero mobile wallet will be released, currently it is very difficult to send XMR payment on the go.
Finally! I've been waiting for this for long time. We really need this. And we need monero on more hardware wallets really. Monerujo meets my needs (except for multisig). |
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'Bitcoin is dead/dying' FUD being spread by Aminorex.
...they own up to their most massive counterfactual mistakes and perhaps explain to their flocks how/why they managed to get it so wrong.
Yeah, the fee crisis is over, for now at least, and whether it will repeat I am not now competent to speculate. I should learn to keep my mouth shut when I am not following current events. I was quite wrong about s2x, because core was able to act while I was expecting even more stagnation. That error, again, is attributable to neglecting the current available information about the internal dynamics of core. I was also quite wrong about Bitcoin Cash, which has far exceeded my expectations. I don't even know enough to say why. Once you know something well, you can make more reasonable projections than before, but if you don't stay up-to-date on the most important factors, in a dynamic environment, that potential degrades rapidly. My takeaway is to remember to check whether my info is still pertinent rather than repeating old conclusions without updating. I have done it before, so shame on me for not learning from it then. It is easy to get cocky and sloppy after a few wins, and a hard reality check is good for the soul, focusses the mind. So thanks for pointing it out. Frankly I am not paying enough attention to classic crypto lately for anyone to hang on my words about it. I try to get the big picture, but my detail attention is currently consumed by lawyers and web plumbing for a CEF. C'est la guerre. |
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There you go. My experience is now obsolete again. |
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Maybe crypto is like PMs where gold is still king after thousands of years.
Bitcoin is more like aluminum than gold. In order to transfer value it takes much longer and costs vastly more than any other crypto of comparable monetary function. It remains to be seen whether a settlements network can be salvaged from the ashes of the house Satoshi built and the core team burned down. I would not invest in bitcoin now, simply because it is not useful now, and I have no confidence in the salvage crew. Bitcoin should and I hope, will survive. Its robustness (anti-fragility) is legend and so it is and will be for some time the standard bearer for all crypto.
A blind, arthritic and demented standard bearer does not seem like a good thing to me. Lack of utility, if it persists, will surely bleed its value inexorably down. I hope I am proven wrong because the wake of a sinking titan can capsize numerous lesser vessels. Even a sound one will be tossed brutally in those swells. Monero has a lead for being perceived as honest and unflashy. And it has a use-case. As long as the use case is required it will be hard for other coins to take over its place. Optional privacy may be added to other coins, but Monero's privacy by default is the only way, so it has a good chance of being one of the 'few' to make it.
Not only does it have a use case, but it is actually fit for purpose. At least one of ten ICOs has a plausible, or even a legitimate and viable use case and hence a niche. But far fewer are actually fit for that use, and all have much narrower niches than monero, save perhaps transparent liquidity and possibly even contracts. What is the likely successor to BTC for liquidity? Well, LTC transfers per unit of market cap are vastly higher than BitcoinCash, so it is looking remarkably and surprisingly useful, in addition to it's tenure. I don't think ETH is a robust contracts platform. All the larceny is sufficient to discredit ETH. Usability is still at the squat toilet level. But...It could be a long while before a 10x better platform emerges - and that is usually what it takes to displace an incumbent, a 10x ROI. |
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Precisely. I'd love to know the year where infinite monero exist  Year ∞. Which is ∞ years after the heat-death of the universe is posited. As to where, I would suggest the conformal point at ∞. |
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As an experiment, to see how things have changed, I just took a few Monero and made market for 5 days. That yeilded 23 bp per diem. It's a high p sample size, but - hey - who can keep it up for a couple of months? Anyhow, that is about one third of what the same strategy was yielding in mid 2016 to early 2017. For what it is worth. (But don't let the yeild confuse you: This is not a scalable strategy; the more you deploy, the lower the yield. You can't just compound the rate. Compounded, it is more like sigmoidal than exponential growth. If you want something more scalable, go play EURUSD or USDJPY.)
Anyhow, the market appears, naively and prima facie, to be getting significantly more efficient. Which is good. Now if only Bitcoin would become as efficient! Then XMR could well and truly moon. This absurd BTC correlation must die eventually.
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Unknown means it is up to your interpretation. Regardless, your best, most effective recourse is to mine yourself, and facilitate others to do so as well.
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But looking at the zero effect on price, either nobody knows about this or nobody cares, or both.  No, there is an important price effect: The fundamentals of demand are rising, and hence the elastic support floor is stiffening and rising. When it intersects the clearing price, that is when price will rise as a result. If your vision only extends to the end of your nose, I think that qualifies as being effectively blind. |
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Pixel XL with CopperheadOS with microG is interesting now, Librem5 later. Keep one phone as a crypto/wallet/banking/trading/2fa ghetto, with signal for comms, and a separate one for running various other apps, making calls and taking photos, whatever. Different colors at least can help keep them straight. It's a nice hot accessory for your cooler hardware wallet. I find gps spoofers and orbot essential. Mostly you need to develop habits which insure compartmentalization and protect against exogenous linking metadata and endogenous info leakage between compartments .
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Robinhood is an app that lets you trade u.s. equities without any fees. Robinhood Crypto is Robinhood for crypto.
So no fee trading? Where is it centralized? on the servers of: ROBINHOOD FINANCIAL, LLC (CHRONOS FINANCIAL, LLC,ROBINHOOD FINANCIAL, LLC) CRD#: 165998 SEC#: 69188 B Brokerage Firm Regulated by FINRA (San Francisco district office) MAIN ADDRESS 3200 ASH STREET PALO ALTO, CA 94306 Incorporation: Delaware Founders: Baiju Bhatt and Vladamir Tenev |
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What is Robinhood Crypto?
Robinhood is an app that lets you trade u.s. equities without any fees. Robinhood Crypto is Robinhood for crypto. |
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Robinhood Crypto announced today. Starts with BTC and ETH no-fee trades, but starts with market data for XMR and a few others, so expect RC to do no-fee order flow on more tickers soon-ish.
And: tighter capital controls will always be very very good for Monero.
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Bitcoin ... digital gold
I consider Monero to be more akin to gold than is Bitcoin because Monero has commodity fungibility which Bitcoin lacks. I think a more apt comparison would analogize Bitcoin to equity in ex-im banks, and Monero to cash: Bitcoin's future is dependent largely on it's potential as a settlement network for digital credit, while Monero's is much more closely tied to the gross product growth of the digital economy. |
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What's the difference between Monero and Zcash?
The difference between driving a lambo down the coast highway and hanging yourself in a Bangkok jail cell. |
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What does that mean price wise for 2018?
Volatile but bullish - same as usual. |
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Hello! Who can intelligibly explain what pushes the price of a coin? Is it worth it to sit on the longevity, or fix the profit and exit it? Are there fundamental events in 2018?
A. Supply and demand. B. If the estimated return distribution over time fits your goals better than any alternative allocation, you should not adjust your allocation. C. Some expected fundamental events in 2018: * The everything bubble - stocks, bonds, real estate - stops inflating as China slows or (ZOMG!!) reverses US sovereign bond flows. * Oil price rises as ROEI declines, dragging hard money prices up with it, and retarding the global productivity curve. * Crypto correction hits BTC first, later ETH. BTC snaps back with Lightning. * XMR demand rises with improvements to: 1. Ease of use (e.g. native iOS wallet, multisig in core GUI, hardware wallets); 2. access (direct USD exchange); 3. privacy (Kovri); 4. scalability (bullet proofs); and, 5. further market penetration and expanding transaction volume (Globee, DNMs). * XMR supply drops with increasing difficulty, reduced rewards, rising reserve demand. But the real wild card is the potential for a hyperinflation crisis in the FX majors. This becomes much more likely if strategic polarization or nationalism break the central banking quid pro quo balance. The Chinese bond flow news could be the first big crack in the dam, or not. |
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I know they are not a scam.
Then you should have confidence that your funds will be registered, if you persist in seeking support. If that fails, send them a demand letter. Did you send to an integrated address? If not, did you use any required payment ID? If not, it may take some human intervention before your account is credited. But, again, this is a speculation thread, and the topic should be moved to the kraken thread, please. |
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Do you think it is still feasible to invest in Monero for the long run or should I wait for another dip below $300?
Just buy gradually. If it does dip, you get some cheap. If it doesn't dip, you at least get some. At this point, I think it will take a serious governance lapse and a major software vulnerability to interrupt Monero's rise to the position of premeire global digital currency. It's hard to say because of the number of stealth coins coming out now. There's a lot of competition.
Almost all of them are doomed. Only dash and zcash compete meaningfully for the economic niche, and both are much riskier, due to governance, technical and economic problems. Hence XMR leadership. The rich get richer and the poor get poorer - it is a fundamental law of network economies. |
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