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741  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2016, 02:06:46 AM
how many new coins are being mined per day?

8200, or about 22 BTC worth at market.  About 1% of the daily exchange volume.
742  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 20, 2016, 05:26:34 PM
How much longer will the market keep "catching its breath" before we move on?

My monkey says its probably the start of a 2-3 month slow-ish uptrend about now.
743  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 20, 2016, 05:11:13 PM
My opinion is that the 100k 300k or so of large dumps were caught pretty nicely so far, but sucked most of the demand out of the system.  If there were any supply, we would be way lower.  I consider this bullish, because the demand will come back, while the supply will not - because it just doesn't exist.  The only way it can go down is for the holders to become pessimistic about the future or optimistic about prospects of short gains.  And its a bit late for the later, at this point.

I suspect that the exchanges will lose at least half of their XMR holdings when the GUI is officially released.  That's also roughly equivalent to reducing the float by half, and should result in a 4x rise in market clearing levels.

My intention is to accumulate below 0026, distribute above 0032, over the next week or two.  Wider spreads than usual.  Volatility should favor traders over holders for the short term.
744  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 19, 2016, 12:32:28 AM
Doom death despair and degradation

                     or

A girl running through a field half naked and high and laughing in the sunshine.

I've had my share of both.  More than enough, in fact.
745  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 19, 2016, 12:27:37 AM
Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish. 

It's called brexit.  And it made my bells ring;)
746  Economy / Economics / Re: Economic Devastation on: July 18, 2016, 06:55:58 PM
Religion is just an excuse to do or dont do things.

Better give it up and think rationally.

I would argue that, by the definition of religion quoted above, since you are not (on the evidence of your post) sessile, you are manifesting a religion.

747  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 18, 2016, 02:41:23 AM
Primer- is maybe not the calibre of enemy one would like, but he is pretty deeply trollish.  Illodin is a somewhat higher grade of troll, but less deeply so.

Maybe we should use the forum funding system to incentivize more  aggressive, higher quality trolling? 

Nah, unnecessary: Just send iCEBREAKER into the da(e)sh threads, and we'll have more retribution trolls than we could ever use.
748  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 16, 2016, 10:07:31 PM
Darkcoin is non-anonymity. Given the ease of subbornment I would be amazed if the supernodes were not NSA pwned at this point.
749  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 16, 2016, 07:15:11 PM
Two Buck Chuck has shown some incredible persistence, but the volume has declined quite a bit so I think that there just isn't a lot of motivation to dump further or bid it up.  It is what is commonly known as a volatility squeeze and so far these have been resolved upward, with an impulsive move.
750  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 15, 2016, 05:18:53 PM
I agree Monero needs people who are spokesmen and are bringing Monero to the elite.

You don't really want to encourage people to start thinking of XMR as an elitist's coin do you ?

We do not have Forbes guys owning Monero do we?

Of course one can not know with certainty.  If they do it is in negligible amounts.  Bullish😉

Any owners today are elite by the standards of XMR, since they are among a very few early adopters.

Within that community, XMR has seen a reasonable amount of currency use, but it is definitely too small a community, too loosely knit, to support a meaningful economy.  Probably, the overwhelming majority of present currency use is via XMR.to or shapeshift, and hence rather inefficient. 

I am dubious of prospects for adoption outside of a few use cases strongly compelling strong privacy, for the time being.  Those cases should be more than sufficient for a 1bn USD cap however, at which point wider adoption follows of course.  GUI will be necessary but not sufficient for reaching those use cases.  Mymonero.com suffices outside the realm of the justly paranoid, but inside is where our next big wins will be found.

751  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 15, 2016, 02:56:40 PM
i've bought in and sold off to monero so many times that i'm loosing the track why monero is so popular in particular 'seasons' when it's pumped and dumped, it has no such real-life purpose as compared to bitcoin, it's so anti-user-friendly that in my pinion most users hold/trade their moneros off exchanges, for me monero is only good for trading...that's all.
Thank you for the liquidity you provide.
752  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 14, 2016, 05:18:06 PM
The BTC halvening was instructive in terms of buy rumor/sell news "catalyst" dependent forecasting.

It hasn't happened yet.  It took a year from the first halvening to the 100x spike.  This one will be quicker, maybe 6 months, but smaller in factor.

Quote
hot money/speculative interest has already priced-in and front-ran future demand from slow money/instutional sources

Disagree: It is simply impossible to efficiently front-run a massive inflow of value. The current bottleneck is too narrow. Efficiency will only arise after the bottlenecks have been removed.

753  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 14, 2016, 04:35:52 PM
I have reached my limits in buying Monero already.
I have no need for extra Moneros. If it shoots up, I wil be rich. Otherwise I just hold my current coins and see if it can survive above 0.001.

Well then, you're no longer a speculator.  For my part, I like to factor my holdings into an investment part and a trading part.  The goal being to reduce the net cost basis of the investment part, over the long run.  It's not hard to do if you can avoid an excess of emotional entanglement, be patient, have the restraint to wait for turns, and the cojones to double down when you bet wrongly.  Sometimes I get too busy for it though - despite that it is more remunerative than the day job.  After all, it's just money.  Unless you can do something constructive with it, you are probably better off without it.
754  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 14, 2016, 02:46:23 PM
I think things should get serious soon, otherwise there is also a risk that Monero looses the momentum and the short position is the only right position to be in. Right now the market cap is 20 million usd so if 1-2 large players are sure enough Monero fails, they can make some significiant amount of money by shorting it.

Clearly there is no momentum presently, none at all: Px is unchg since 7 July.   Also clear, after the dump yesterday, is that you need to risk much more than 140,000 USD if you will ignite momentum.   I would certainly encourage the attempt:  From my point of view the most lucrative possible scenario is for someone to attempt a massive XMR short play, and anyone so evil as to do so needs to have their wealth stripped from them.

Since price has lost its momentum, I don't expect much to happen until there is a catalyst.  The most likely catalyst is a BTC rise front running the u.s. regulated market listings of winklevoss and solidx, but XMR software developments are also worth following.

Bitcoin trust listings should result in gigantic inflows for crypto.  All the alts will gain on that, but XMR much more than others.  Solidx players already hold some XMR, and will probably seek to add for diversification out of BTC after gains associated with the listing.

We are building a base now.  It is the perfect time to accumulate, because risk is unusually low, and all the catalysts are favorable.  Brexit served us well.  Central banks are printing like never before, and likely to add more.  U.s bonds and stocks are all at nose-bleed bubble highs, so that the downside risk is far greater than the downside risk in high grade crypto like BTC and XMR.  Productive commodities are suffering from demand destruction, but monetary metals are prospering, and so too is investment grade crypto.  Just as gold is retrenching now, so too is XMR.  Just as gold is destined to rise into Autumn, so too is XMR.


755  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 13, 2016, 08:18:31 PM
It seems we could be testing .0028 before resuming the slow pace, sane bull run. What are your short term projections?

You can dump >41000 XMR to 288k if you like gambling.  Some folks do.

Aaaand... somebody did.  LOL.  It will be fun to watch them race to cover the loss.

Your bullishness makes me nervous.

There are short sellers trying to take it down now.  You should be encouraged, because that means cheap now, higher later.
756  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 13, 2016, 03:55:18 PM
It seems we could be testing .0028 before resuming the slow pace, sane bull run. What are your short term projections?

You can dump >41000 XMR to 288k if you like gambling.  Some folks do.

Aaaand... somebody did.  LOL.  It will be fun to watch them race to cover the loss.
757  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 13, 2016, 03:22:28 PM
It seems we could be testing .0028 before resuming the slow pace, sane bull run. What are your short term projections?

You can dump >41000 XMR to 288k if you like gambling.  Some folks do.
758  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: July 13, 2016, 12:23:30 PM
Looking forward to this. XMR + STEEM could very well be the best investments of 2016.

To me, an important difference (among many important differences) is that XMR could very well be the best investment of the third millennium.  STEEM, not so much.
759  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 12, 2016, 07:41:23 AM
There is like over 1300 XBT in buy orders on Poloniex. Is something going to happen when people wake up in Europe?

Like I've been saying, someone knows something.

A lot of those 1300 are far enough from market as not to matter.  That doesn't change the fact that we've got some persistent buyers in there - buyers of only moderate patience.

760  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 11, 2016, 11:01:46 PM
no event that we could rally into. ... shortterm enough.

Winklevoss listing speculation will kick in... when?

It took a year after the 2012 halving for price to rise 100x. The next big bump will be smaller but come sooner.
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