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Yes I can see.... It is possible in 6 months XMR is at 0.04 btc each and later next year even more.
Monero is probably one of the best places to put your bitcoins to grow.
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The price drops because bitcoin rises.
Some people tend to FOMO in the beginning of the rise of bitcoin. Later when it is time to diversify and alts are beaten in terms of bitcoin, the large bitcoiners tend to diversify their assets to other currencies, that's the point where Monero will rise (LTC rose from cents to 40 usd in 2013).
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Polo had a bug... I just tried to set bids for NRG (he likes to get my money and buy something nice to him) but it ended up market buying despite I set the price below the spot...  Always reload the page before you buy/sell on Polo. /pro tip Looks like it works. Now I was able to set the bids at the prices I am willing to take from the dumpers. I wonder how come Poloniex is such a clumsy site to trade. It takes almost eternity to set orders to the markets. |
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Well the good news is today I ordered some Modafinil from AlphaBay and paid for it using Monero.
In past times I would usually just find the first bitcoin vendor I came across, but these days I actively seek out those who offer Monero. I'm sure the vendor must be pretty happy. After all, he's going to be getting all my business.
A small market means good business for the vendors that adopt it.
To get an extra discount you need to buy XMR when NRG shorts. Waite until the price recovers and spend them.  Personally I am willing to use XMR as a method of payment (why not - I can always buy back those coins from NRG and give him some cash for jetskis) but the problem is there is no supply of items I want/need with a reliable source. |
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dam i missed the shorting opportunity at 0.0115, that sucks but i will wait for a peak to short(it will only be > -300 XMR). Not sure if the price will go up or down now, we could see another hype/pump followed by 0.007 (was hoping for 0.007 earlier with my last xmr short).
Yes NRG, it is because of your adhd. |
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I find all this Germany FUD group very pathetic and sad...
True, but most if not all of it, is one guy! And he's really busy in the Polo troll box... No concept of the big picture or the long game! TC brought up a $10k price concept and 10-20 years to make it happen which sets our troll(s) off and running. What they can't understand is that we can't look at the software, hardware or networking issues we have today and not figure in the exponential growth aspects of technology into what the software will look like in 5, 10 or 20 years. And sure $10,000 looks like a ludicrous price but if we have any significant inflation over that period, it could be the equivalent of 30-50% of that amount in real dollars. That's just off the top of my head, I haven't done the calculations so please don't hold me to that number but it's the concept of inflation in the fiat currencies that I'm suggesting. The bottom line is I'd like to see a lot more discussion about the future growth and economic possibilities rather than just combatting this FUD Fest! Edit: Also, we all are struggling to see what things will look like in 12-18 months and so it's almost impossible to see what 5yrs out looks like let alone 20! We might be actually higher than 10 000 usd in 20 years from now. Exponential growth tends to be the biggest towards the end of the curve. Therefore it is prudent to buy all the time (even small amounts - let the small mean 10000, 100, 1, 0.1 or even 0.001 XMR - any amount is out of the pockets of the trolls). Consistency is something that is needed + patience. And whenever NRG trolls it is time to increase the amounts you buy. It would be cool if some entity with enough capital would buy every Monero under 1000 usd. That would make NRG to be quiet as he can sell his coins to the entity and buy nice jetski to his troll cave next to a pond somewhere in Germany. |
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Polo had a bug... I just tried to set bids for NRG (he likes to get my money and buy something nice to him) but it ended up market buying despite I set the price below the spot... |
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The trolls are too short term here. They are expecting 10 000 usd by tonight and if the price will not go there in 24 hours they call it impossible.
Yes, Monero will be worth 10 000 usd each sooner or later but not today or even in 2016. 10 000 usd/xmr price tag is not impossible but the timeline of hours/a few months is unrealistic.
The shorters period it need to reach that price is 3-4 years - and that requires also skyrocketing and some mad money. More realistic view of achieving 10 000 usd/xmr is 10-20 years. It took 10-20 years for internet to break through so please give Monero also some years.
We will need a serious proper solution to scaling for that to ever happen. Way way more than just an adaptive block size, database optimization and pruning. The bagholders alone can drive the price there and higher, and it is in their best interest to have as high price as possible. |
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More realistic view of achieving 10 000 usd/xmr is 10-20 years. It took 10-20 years for internet to break through so please give Monero also some years.
20 years is really a long time in terms of software engineering, so I would not expect that Monero still exists in 20 years in its current manner. I think good software will succeed in the end, so I'm holding my Moneros as long as necessary (long term investment 2-5 years). Regarding the zCash hype: I think a lot of people will loose a lot of money in the the first weeks of the zCash launch (every bubble bursts in some time). So I will stay away from zCash. Although it's not a design contest, but the zCash GUI looks really ugly  It is. But Monero is much more than a software. It is a digital currency. The rate of change will stagnate as well... In the beginning we see the largest changes taking place, later changes are just fine tuning (like SD cards - in the beginning they were a big thing but later the only thing that changes is the size of the card). I think there will be new applications for block chain, Monero but I do not consider them as threaths to the existence of Monero. Just like Etherium is not a rival to Monero but it fills a niche that Monero or bitcoin cannot fill anyway. |
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The trolls are too short term here. They are expecting 10 000 usd by tonight and if the price will not go there in 24 hours they call it impossible.
Yes, Monero will be worth 10 000 usd each sooner or later but not today or even in 2016. 10 000 usd/xmr price tag is not impossible but the timeline of hours/a few months is unrealistic.
The shorters period it need to reach that price is 3-4 years - and that requires also skyrocketing and some mad money. More realistic view of achieving 10 000 usd/xmr is 10-20 years. It took 10-20 years for internet to break through so please give Monero also some years.
I guess that's a long wait but worth a shot, buy then if we are talking of that substantial growth, what would be the price of bitcoin then. With your prediction, it made me realize that I should also consider XMR and now is its lowest price maybe... So let's see, gonna grab some later for 10-20 years holding. Indeed it is. The price was 0.004 for the early adopters (summer 2014). The inflation was so strong that some might even talk about hyperinflation. Later comers got the best deal after the FUD storm of bitcoinexpress as the price drop to sub 0.001 levels (I was lucky to catch around 30 XMR under 0.001). Now the price is around twice as much it was in summer 2014 but the inflation is in control now and it gets lower and lower. 10-20 years is something I would consider a goal and after that the growth will stagnate IMO. Then there critical mass has been achieved I would assume. |
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The trolls are too short term here. They are expecting 10 000 usd by tonight and if the price will not go there in 24 hours they call it impossible.
Yes, Monero will be worth 10 000 usd each sooner or later but not today or even in 2016. 10 000 usd/xmr price tag is not impossible but the timeline of hours/a few months is unrealistic.
The shorters period it need to reach that price is 3-4 years - and that requires also skyrocketing and some mad money. More realistic view of achieving 10 000 usd/xmr is 10-20 years. It took 10-20 years for internet to break through so please give Monero also some years.
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I've been monitoring 10 different searches on AB since the launch 7/10 have seen an increase. 4/10 categories have roughly doubled the offerings since launch.
so who would we rather trust someone being here since 2013 or someone being here since 10. september 2016... your call n-rg Go easy, N-rg is just trying to get a good deal on his bipolar and fragmented personality meds ... I thought NRG is suffering from adhd... |
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Making videos is just one part of the job, pitching them through Facebook/Reddit/Blogs/Ads is another, otherwise nobody will see them. Does Monero have a some kind of Facebook site? It is very easy to post a video there and pay some bucks for showing the videos to a special public. Facebook Ads are cheap and enable one to target very specific people interested in Crypto/Bitcoin/Investments. Videos or Infographics are very good suited for Facebook. Content needs to be made in such a way that the specific targeted public is adressed. This can be funded too. There is no XMR adress where we can send the XMR to support the video producers. Because it is in the idea section at the moment, people need to show that they would support such a thing. When it is open for funding i guess debruyne or myself may shot a link The content of the vids should be something a non-pony can understand. Is there any idea where those vids are supposed to be distributed (how large subscriberbase etc)? |
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Good to sell above 0.0103
Margin short above 0.0103
Liquidate at 0.0186
Take profit 0.008888-0.009500
Gain goal: +7.5% (after costs)
Risk-reward ratio ain't appealing enough. It is possible that the covering cannot be made at the range you are writing. Therefore only 7-8 % gains are too small especially considering the fact that the upside potential is infinity. |
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I'm 99.99% sure at this point that the price is being heavily manipulated
so whales can accumulate coins before it goes back to the 0.015+ price.
I'm still gonna mine away and hopefully one day my couple Monero are enough to at lest pay a car payment or something lol.
Was it Aminorex or who that told us the value of Monero will be 3-5 oz of pure gold. I am not sure how large is your car payment though. I highly recommend to help your mining to buy some coins with cash as well. At least so that you have 100 XMR so you will be able to pay the car payments sooner.  |
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Ask yourself one very important question:
When the GUI is out, which reason do all those DNM users have to use BTC over XMR?
volatility You never heard about hedging? Not sure what you mean, if I hold 50XMR in my DNM wallet today I can buy 20 xtc pills and next week maybe only 10? That's not very convenient when on the other hand bitcoin is relatively stable I also created an account in alphabay and dream marketplace, it seems like those DNM sites take BTC though mixers by default so they are hard to trace.. not sure why XMR is needed. But it does make me feel more at ease I guess. Also, I think XMR will eventually recover but we are in for a bear market that will probably last a few months. I admire that you are the only person here who is still keeping up the bullish sentiment. How come it is in the bear market? What did I miss? I thought Monero is still much higher than it was just a couple months ago and it even didn't touch the previous trading range. Junkies probably will not hold the coins that long, but the hedging is needed more for the vendors who have their coins locked into the accounts of esrows. Hedging is easy to execute: if you get a payment of 100 XMR escrowed, then immediately open a short position of 100 XMR. When the escrowed money is released to the vendor, then close the short position. The additional cost is most likely less than 1 % but it makes the selling risk-free in terms of forex fluctuations. That sort of hedging is a standard in any industry that is dealing with volatile markets such as raw materials. Expecting a DNM vendor to hedge Monero held in escrow is not realistic. Rather I think they will just accept bitcoin only as long as Monero price is volatile. A quiet period of price stability around .01 for a few months, maybe trading range .09 - 1.2 would be welcome. That would calm fears of a bear market, increase confidence and set the stage for an uptrend in 2017. In my books Monero is still in the bull market/cooling period. Bear market would recommend to go below the ultimate support which is 0.001 btc and I do not consider it realistic ceteris paribus. |
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Ask yourself one very important question:
When the GUI is out, which reason do all those DNM users have to use BTC over XMR?
volatility You never heard about hedging? Not sure what you mean, if I hold 50XMR in my DNM wallet today I can buy 20 xtc pills and next week maybe only 10? That's not very convenient when on the other hand bitcoin is relatively stable I also created an account in alphabay and dream marketplace, it seems like those DNM sites take BTC though mixers by default so they are hard to trace.. not sure why XMR is needed. But it does make me feel more at ease I guess. Also, I think XMR will eventually recover but we are in for a bear market that will probably last a few months. I admire that you are the only person here who is still keeping up the bullish sentiment. How come it is in the bear market? What did I miss? I thought Monero is still much higher than it was just a couple months ago and it even didn't touch the previous trading range. Junkies probably will not hold the coins that long, but the hedging is needed more for the vendors who have their coins locked into the accounts of esrows. Hedging is easy to execute: if you get a payment of 100 XMR escrowed, then immediately open a short position of 100 XMR. When the escrowed money is released to the vendor, then close the short position. The additional cost is most likely less than 1 % but it makes the selling risk-free in terms of forex fluctuations. That sort of hedging is a standard in any industry that is dealing with volatile markets such as raw materials. |
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Daily emission of XMR is 7272 XMR/day.
Bitcoin had similarish emission in 2012.
Therefore Monero has very similar type of path.
Inflation used to feed the hungry buyers back in 2014-2015 but howabout now as there barely is inflation - it is the bagholders who need to be generous towards the newbies and sell when they want to buy it. Not to dump but let the newbies grab tiny amounts from asks at increasing price points.
Dumping is the job of NRG + his alter egos because he has no faith in XMR due to the lack of marketing and hype.
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I was just surfing the zeronet and found this Interesting Thats the kind of grass-roots support that make Monero awesome, there is no need for marketing, the product (coin) is good enough it promotes itself. The problem is the number of people aware of Monero is still very low and thus the coin is still in infancy state. I am not saying Monero should be marketed to the general public but the community is still very small and in order to grow bigger in terms of market cap the coins need to be purchased and new money poured in Monero. |
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