Opening a short position in Monero is now extremely cheap. Interest rates have been fallen to almost 0. I feel like there is a central authority who wants to release some QE packages to make Monero economy even more lively. Historically this has been an indication of bottomish period and one of the best periods to buy.Hope you didn't listen to your own advice. Because now seems to be a much better time to buy.... and then tomorrow might be an even better time to buy... and then next week... and so on until later next year if/when there's another pump. I'm holding on to some XMR but when BTC rallys it's going to get ugly
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1000+ with segwit alone?
I don't think so.
Segwit, while a great step forward, as far as I know won't completely solve the scaling issue. We need a consensus reached overall so there are no more bad actors and uncertainties of a HF, plus an ETF approved... then we'll see $1000+
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Personally I think its worth it to do a little bit of Monero mining right now. I've mined about half a coin just using my video card and some CPU mining on a spare computer over the past week or two. It may not be much right now, but if the price jumped up, it could be very profitable. Imagine if Monero was worth even half of what Bitcoin was. You would be very satisfied to have mined one or two coins! What GPU and CPU? Half a coin over a week? Hmm.... could be worth it.
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Why so violent Dafar? Are you still butthurt about a bad trade or something? I'm a permabull hodler that, after 3 straight years of witnessing bitcoin NOT becoming the uber global phenom that everyone was going on about in 2013, I believe have earned the right to be a little bearish now and then. I still have not witnessed ANY new major Average Joe money, nor major investment money, nor major retailer adoption happen in that time either. The only thing I've seen in that time frame is complete apathy from the general public, and the occasional PnD bullshit that we're all so familiar with by now. So fkn sue me bitch. Also, let's see how the year finishes up before you start calling it a full on uptrend, eh? Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now. Edit: Well, well, well, looks like ol' Dafar is just as bearish too. Ok guys, we've been seeing insane predictions since the end of 2013.
$1600/btc... $2000/btc... $3000/btc... even $10K/btc... but 3 years later nothing happens. I believe in bitcoin, but I'm worried about the time frame it might take for adoption to hit a point where we finally pass ATH. That could take a decade or not even happen in our lifetime
I'm not butthurt... you called me out when you thought you were right, and I'm calling you out for being the bigger a fool And I am not bearish, I expect much higher prices... I just don't know how long it will take. Months, years, decades?? Probably sooner than that, I'm excited about 2017... I think as long as bitcoin keeps growing, as it is, without another gox/bfx, as adoption and use cases grow, as second-layer scaling technologies evolve, a sudden news of a ETF could be enough to push the price beyond ATH. JJG, since you seem to like to confront people a lot, and since you are always in need of hard facts, stats, and proof over public sentiment (which is fairly palpable atm), then here you go. Third chart at the bottom, the 3-year downtrend in bitcoin's overall crypto marketshare is as plain as day: https://coinmarketcap.com/charts/#btc-percentageDoesn't change the fact that I'm a permabull. But my patience is starting to wear thin. Other so-called bit bulls have already moved on and left bitcoin behind. I had to comment on this.... what the hell does this chart prove? Of course bitcoin is gonna lose "crypto marketshare" as other alts emerge. If you compare any altcoin with the rest of the crypto market share they will all be going down unless the coin just started. This says nothing about bitcoin's growth. BTC transaction volume has grown significantly-- a compounded yearly rate of 224% since 2013 and tripped over last year. The are many metrics that show positive growth in areas that matter and you chose to focus on something useless. Not to mention a lot of the bitcoin that went to the altcoin market are only there so traders can earn more bitcoin. I myself have tons of BTC in alts that is coming right back into bitcoin Quote from: satoshi on October 03, 2010, 09:07:28 PM We can phase in a change later if we get closer to needing it. IMO it's a marketing thing. It's tough to get people to buy into a system, if the network is technically incapable of supporting high transaction rates. https://bitcointalk.org/index.php?topic=1347.msg15145#msg15145Is that the real satoshi?
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how do you think about price monero next monero can up to 0,02bitcoin every one monero again or not maybe month november, if next year very long time wait to take profit
No idea what you just said
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This is not the type of news that's going to add buying pressure to XMR. The ability to seamlessly spend xmr to any btc address is an important selling point to those of us who regard XMR as a superior store of value and speculative instrument but have occasional bills to pay. Yeah, the two or three of you who thinks XMR is a superior store of value AND want to pay bills with it. XMR could be a superior form of cash compared to BTC with the promise it holds, but it's hard to justify it as a superior store of value when it is far less secure than BTC, more prone to attacks and a lot more volatile than BTC. I can facilitate a mini crash / panic myself with only 200BTC
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This is not the type of news that's going to add buying pressure to XMR. This news is good for bitcoin as another example of acknowledgement / adoption by a large company.... but no one's gonna be running out to buy bitcoin because of this. And people are definitely not going to be buying bitcoin -> converting to XMR just to pay electricity bills Now the Chrome extension is good development. I just don't like the icon they chose
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Mr. Torque.... you've been quiet recently. What happened to deflating back to $450 and you calling me out on it? YES I DID MOCK YOU AND I WON... YOU THINK I'M GOING TO FORGET YOUR ATTEMPT AT HUMILIATING ME??? HUH???
I don't f*** around boy So zooming out to 1d on the chart, from 5/24, bitcoin is just looking like your typical PnD bubble that we've seen so many times before. A blow off top, followed by long legs down. Looks like it could eventually deflate all the way back to ~450. So Dafar, still mocking me thus far? So zooming out to 1d on the chart, from 5/24, bitcoin is just looking like your typical PnD bubble that we've seen so many times before. A blow off top, followed by long legs down. Looks like it could eventually deflate all the way back to ~450. So Dafar, still mocking me thus far? Quoting myself ftw. Looks like we're just going to keep grinding down ~$10/week or so, until this bubble completely deflates. Since there are no buyers, looks like the only thing that could put the floor in is the hashrate/mining cost, wherever that may lie.
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Yes... maybe ongoing discussion of hardforking efforts has better reception in other forums?
I think that some of the hardforking discussion is a bit looney, but it is a current dynamic that is likely to continue to have various rippling effects on the "bitcoin community" (I put "bitcoin community" in quotes, because it is a bit of a dilemma how "bitcoin community" should be defined).
Which is a shame... not only are alt coins a division of the community but now even btc itself is divided with small vs large blockers. HF's are just going to fuck everyone, one of the chains will eventually fail and you will have to guess which one is worth keeping your money on... why deal with the uncertainty, don't fork BTC you fucks
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Where is Adam??
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We know you're a perma-bull but are you just making shit up now? Next you're gonna say all these "professionals" / hedge fund managers prefer to invest in monero over bitcoin No. And others who read this know some of them. Some are well-known persons. I don't think the majority of finance professionals with an interest in crypto prefer Monero over Bitcoin, but I do know that some of them do. I don't know of any for whom Monero is currently a significant holding. I.e. almost all of the upside in that market remains untested. I do know that some of those who took small personal positions on my suggestion, and made large m-t-m gains, are increasing their positions, gradually. If XMR persistently surpasses LTC, I may pitch it on a more formal basis to acquaintances in cases where I was previously reluctant to raise the topic, because of the small market cap. Once it surpasses ETH, I doubt my intervention will be meaningful anymore, as anyone with any investment interest in crypto should know about it by then. It is fair to call me a "permabull" in the sense that even when I have bearish short term views, I have persistent bullish longer term views. In fact any short term views I may have, are very loosely held, because I don't generally have better information than the market, so I should in the main defer to the market on short-term discounting. I think I have a better ability to grasp the bigger picture than the market has demonstrated, so I have stronger long-term bullish views. So far experience has borne out my estimates regarding the longer term arc of Monero developments, but that is no guarantee of future performance. I am perfectly capable of imagining extreme scenarios of upside which are highly unlikely to occur. Yet I consider their possibility to be non-negligible, in general. I don't think I have ever recommended anyone to buy Monero at a time when it would have taken them more than a year to double their money, if they did as I suggested, and DCA'd. I was recommending BTC at very bad times, and it has taken years for those recommendations to come out from under water. I felt bad about that, so I am more cautious now, when making recommendations. I definitely do recommend buying Monero, here, now. Anything under 0188 is cheap, IMHO. Under $10, a steal. If you are underweight, buy it. In general, people with lower risk tolerance should expect to DCA over a year or more to minimize average draw-downs. Thanks for the reply
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I can tell you this: Every single person from Goldman (and every other bank or prop shop or family desk or money manager) that I have spoken with mono-á-mono in the past 2½ years has bought some XMR for their personal. Never more than a few thousand. And I don't think any are selling yet. If they were, I would mock them viciously: DNMs are step 1. And we haven’t even made it half way through step 1 yet. This thing has its best years ahead of it. We can actually afford software now.
We know you're a perma-bull but are you just making shit up now? Next you're gonna say all these "professionals" / hedge fund managers prefer to invest in monero over bitcoin
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Did you pull that trigger yet? How low can we go as chuck d says? Me? No not yet, although this doesn't seem like a bad spot
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Meh, not bad for long term hold Oh my
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Meh, not bad for long term hold
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To whoever invested more than you can afford to lose, because you realize this could still be the investment of a lifetime and the reward can be SO VAST that the risk of losing everything seems minimal in comparison.... let's do this fellers
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2.1B coins total and 1B has already been mined... hmmm...
Before I invest in this, any reason this coin should appreciate in price? What's the use for this?
The only reason do want to put some BTC in it is because I want to take a risk getting into something cheap (currently ~60 sats)
Well well well...... 60 sats seems so cheap now! I think the days of double digits are behind us, I'm looking to swoop more coins between 150-180 while I can. I don't think those prices will last much longer either! Seems BURST is finally getting the attention it deserves. People finally realizing that it was the FIRST to have Smart Contracts. So much more too. 2017 will be the year of BURST. I forgot to thank you guys for replying to my question... so thank you Ihasweakhandz, vella85 and crowetic
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The dumps are causing more harm to Monero than benefit. The fact that as someon farts and the price drops 30-40 % as a result is caused by mass human psychology. The arguments the bears are giving are only two: 1) "Price rose XXX% it has to drop" or 2) "The GUI is postponed, time to dump". While the arguments of bulls are: More markets are now accepting Monero. More Moneros has been mined than never before until this very moment and thus the inflation is dropping.. Which arguments are stronger - you be the judge. I don't think the arguments are mutually exclusive. The bear argument in your example is a trader's argument who is trying to use the volatility to scalp profits. There is no law that forces the price to move a certain way when it rises XXX% or vice versa, but there are thousands of traders who are looking at the same chart and using the same indicators to make their moves, it kind of creates a self fulling prophecy that moves these markets in a somewhat predictable fashion-- I'm using somewhat loosely, to say it's predictable would be a lie. The same person who thinks the price will drop over the next week can also think the price will be significantly higher next year. So the bear vs bull argument isn't black/white. If you are a long term holder who doesn't care about the short term fluctuations then you have nothing to worry about.
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When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.
1. I'd be way too rich if that happens 2. I'm not making bearish posts It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.
I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader. And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.
Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm
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