And the next level begins. Multi-sig cannot come soon enough.  |
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Talking my book...
I have chosen .0203-.0206 as a supplemental entry point for a significant addition to my meager above water stash.
I reveal that here for posterity... for mockery or gloating... hard to say which.
24hr Low 0.02020000 Last Price 0.02190000   Still early for any really GOOD gloating.  |
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I have chosen .0203-.0206 as a supplemental entry point for a significant addition to my meager above water stash.
I reveal that here for posterity... for mockery or gloating... hard to say which.
Validation perhaps? I would love validation if it turns out I picked a good spot. But only time will tell that... |
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Dotcom peak would account for ~1600k $/BTC prices.
the biggest market bubble in thousands of years on either side.
This is slightly terrifying. People pay good money to ride rollercoasters. |
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Talking my book...
I have chosen .0203-.0206 as a supplemental entry point for a significant addition to my meager above water stash.
I reveal that here for posterity... for mockery or gloating... hard to say which.
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Bitcoin[log] vs Dotcom bubble[linear]
Am I wishful thinking ?
No. Just completely ignorant of maths. Just counting on some crazy exponential adoption.  It's impossible to compare the linear Bitcoin increase to anything else. I see your general point. It's an interesting proposition. Exuberant, yes. But we may indeed be seeing the biggest market bubble in thousands of years on either side. If the encryption behind bitcoin is not broken, the next 5 - 10 years will tell the tale. -edit- actually 5-10 is damn conservative. 2 years should be enough to really start the story. |
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Price anyone? $4400 and climbing Why bother with that if you can talk instead about taint licking and BCH price? |
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For sure rare 3 months ago predicted Monero at $100 at end of September. Most thought HW wallet, mobile wallet and multisig will be the triggers.
Awesome call, that was. Lately I am more focussed on the (easier, on assumptions) longer-term estimation task: Monero has consistently repriced higher with each positive development, and the number and scope of bullish developments in the pipe is increasing, not decreasing, as the price, hash and community all rise in tandem. It's the foothills of the exponential phase of adoption here. After, comes the super-exponential expansion phase, as n log n network effect kicks in, composed with a FOMO function. Eventually, the market saturates at a given development level, FOMO dies, and price pulls back, but until XMR denominates at least 10% of the 22 trillion USD dark global GDP and at least 1% of the 80 trillion light GDP (for PQ = 3 tUSD) the cycle keeps repeating in a larger S-curve on a scale of ca. 10 years. If the velocity is an historically typical 5, the market cap of XMR should top out in the neighborhood of 600 bn USD, and 1 XMR should be worth about 30k USD2012. (The reason why BTC is over 4k now is not the size of the BTC economy, but the outsized reserve demand, which implies a much lower velocity of money.) In the longer run (multiple decades) XMR value should grow with the global economy, so holding it will be like holding the DJ Global Index, in terms of future expectation at any given moment, which should be modulated by some XMR-specific risk factor. I covet your enthusiasm currently. I am discouraged by the deflating XMR/BTC status. S.O.P. for Monero. Look at what just happened. Early August, XMR lost about a third of its value in less than a week. Bet you were discouraged then, too. Guess what? Super bear trap. Immediately the xmr/btc exchange rate proceeded to triple in a matter of days. Don't let Composite Man psych you out. Feel like selling? May be your chance to buy. I get pretty annoyed myself at the way the price seems to move with the deliberate attention of faking you out or just pissing you off totally. Yeah, it goes down like a lead balloon at times. Look at what happens if you hold on, though. Yeah, I've been around for a while... I'm familiar with the way XMR can be very fickle from a speculation perspective. It is what it is, and at times it is tiresome. But emotions are exactly as fickle as markets. I've learned to keep them in check. I can control emotions even if I cannot markets. But I will not pretend I do not believe XMR is exceedingly undervalued against XBT and the current value of USD. |
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Oh great, an unofficial mobile wallet. If this doesn't smell like a great scam to steal a shitload of wallets i don't know what does... It's also nice because they can't just steal your Monero, they can steal every other crypto you have on your mobile as well, gotta love mobile wallets and the mobile system security. Be warned. No idea why mobile wallets even exist, I don't trust my andorid at all, everyone is clueless what the OS is doing and what vulnerabilities or even backdoors may lurk, why would you deposit cryptocurrency on such a device is beyond me. Consider a very big portion of all banking is done on mobile devices these days, this problem is not limited to crypto. Mobile apps can be safe but using a 3rd party app from some unknown anonymous random guy on teh interwebs, sounds very safe! How can I trust the apps if I can't trust the OS? What are you trusting your phone OS with? How much fiat money do you carry in your wallet? $20? $200? $647,243.02? Use a paperwallet/cryptosteel/hardware wallet for your "bank", and something like Monerujo to hold enough to have a very nice dinner. You have no real problems then. |
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For sure rare 3 months ago predicted Monero at $100 at end of September. Most thought HW wallet, mobile wallet and multisig will be the triggers.
Awesome call, that was. Lately I am more focussed on the (easier, on assumptions) longer-term estimation task: Monero has consistently repriced higher with each positive development, and the number and scope of bullish developments in the pipe is increasing, not decreasing, as the price, hash and community all rise in tandem. It's the foothills of the exponential phase of adoption here. After, comes the super-exponential expansion phase, as n log n network effect kicks in, composed with a FOMO function. Eventually, the market saturates at a given development level, FOMO dies, and price pulls back, but until XMR denominates at least 10% of the 22 trillion USD dark global GDP and at least 1% of the 80 trillion light GDP (for PQ = 3 tUSD) the cycle keeps repeating in a larger S-curve on a scale of ca. 10 years. If the velocity is an historically typical 5, the market cap of XMR should top out in the neighborhood of 600 bn USD, and 1 XMR should be worth about 30k USD2012. (The reason why BTC is over 4k now is not the size of the BTC economy, but the outsized reserve demand, which implies a much lower velocity of money.) In the longer run (multiple decades) XMR value should grow with the global economy, so holding it will be like holding the DJ Global Index, in terms of future expectation at any given moment, which should be modulated by some XMR-specific risk factor. I covet your enthusiasm currently. I am discouraged by the deflating XMR/BTC status. |
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Wow. The fud is getting strong.
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https://www.coindesk.com/edward-snowden-zcash-is-most-interesting-bitcoin-alternative/"Asked for his thoughts on monero, a competing private currency, Snowden said it was "amateur crypto" and pointed to traceability issues within the tech. Snowden said that such design errors could put fellow whistleblowers at risk, stating: "Mistakes happen and have huge consequences for people like me."" I'm not up-to-date recently about Monero dev, which mistake is he referring to? Unfortunately he's not up to date either. He is referring to traceability issues that were squashed over a year ago. Its actually FUD started by the coin he supports. |
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The big focus IS on anonymity -- some people use that anonymity for fungiblility (like me), others for committing crime. What you choose to use the anonymity for is up to you, but regardless of why you use it the main point is to have an untraceable currency.
Turn that around. Some people use the lack of anonymity in crypto for crime. Blackmail, extortion, spying, theft are a few crimes that come to mind. |
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To that point...
In some ways Monero is no different than physical cash. You deposit it at the bank, they have a record. You withdraw it... they have a record. In the same way you buy Monero at Coinbase. they have a record. You sell it, they have a record. Deposit it... they have a record, withdraw it... they have a record. They follow their AML/KYC stuff and they know what they need to know about their customer.
The differences are this. Did your Monero come from a Poker site? No one knows. Coinbase doesn't know. So there is no need to blacklist it. I don't think Coinbase really wants to have to be the police. They want to be an on/offramp for crypto.
Coinbase would be crazy not to want to support fungible crypto. It would make their lives lots easier.
And it leaves the police work to the police.
Okay, I see where it would be useful to have on coinbase. I was thinking of it from more of a wallet standpoint, not a place to buy and then send elsewhere, I was wrong. Still though, the anonymity of Monero is it’s biggest selling point and the only reason it’s more fungible than Bitcoin. If it weren't for anonymity then Monero would just be another useless altcoin. The big focus IS on anonymity -- some people use that anonymity for fungiblility (like me), others for committing crime. What you choose to use the anonymity for is up to you, but regardless of why you use it the main point is to have an untraceable currency. I think around these parts you will not see Coinbase described as a wallet. At least not in the sense that users of Monero would use the word Wallet. A wallet where you do not control the private key is a loan. A wallet where you do not control the private key is a counter party risk. Now, Coinbase is about as reputable an exchange as you will be able to find. And in my opinion they would be the last to exit scam (so many dark markets), become an illiquid fractional reserve (Gox, Cryptsy, etc), or get busted by law enforcement (BTC-e). So your money as about as safe there as it can possibly be considering it is ENTIRELY under someone else's control. Which frankly is not safe enough for me. So for me... if Coinbase ever becomes a Monero exchange, I will likely use them some. But I will never hold my crypto there. |
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To that point...
In some ways Monero is no different than physical cash. You deposit it at the bank, they have a record. You withdraw it... they have a record. In the same way you buy Monero at Coinbase. they have a record. You sell it, they have a record. Deposit it... they have a record, withdraw it... they have a record. They follow their AML/KYC stuff and they know what they need to know about their customer.
The differences are this. Did your Monero come from a Poker site? No one knows. Coinbase doesn't know. So there is no need to blacklist it. I don't think Coinbase really wants to have to be the police. They want to be an on/offramp for crypto.
Coinbase would be crazy not to want to support fungible crypto. It would make their lives lots easier.
And it leaves the police work to the police.
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Lol not a zcash fan but its coming for your lunch hard. RIP.
Yeah... but crazy thing is it doesn't know what we are having for lunch, where we are having it, how much lunch we have, or who we have invited to eat with us. So... It will be staying hungry. |
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So with what few Monero I have not irrevocably lost I am actually having a strange temptation.
BTC might be setting up for a reversal here, and I am curious if anyone besides me is tempted to move some XMR over to BTC as in these scenarios we seem so often to drift downward against the rising BTC.
Someone talk some sense into me. There are almost 3 XMR at stake here!
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Bitfinex already above $4100, when will other exchanges follow?
You rang? 4160 Standing on the threshold of possible reversal? Is there any resistance before 4700? edit: Never mind - I see some at ~4400 Yes. 4370. But I doubt we see that today. -edit- lol. |
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Far more likely this was a rogue IT/WEB person's work. |
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Bitfinex already above $4100, when will other exchanges follow?
You rang? 4160 Standing on the threshold of possible reversal? |
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