You know... We lovers of Montero are a lot of things... but good sailors? We are not.
I do believe nearly all the monero coinbase has been lost at sea by this point.
Good thing for that tail emission, otherwise we'd be sunk! (sorry, couldn't resist) |
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If they are looking to do another pump and dump let's just hope less people fall for it this time.
Zcash's biggest enemy is time. They can buy all the endorsements they want, FUD Monero all they want, but Monero will continue to grow and their relevance will continue to dwindle. Prediction: Monero's price will double in the next two weeks. The growing awareness and use of Coinhive will be the catalyst. I also see a 51% attack risk being a concern with Coinhive in the near future. |
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Cryptocurrency has taught me more about the real world than anything else at this point. It's utterly disgusting what money is capable of buying, and Ed Snowden's endorsement is a perfect example. His "support" of zcash and hilariously well-timed monero fud is 100% bought and paid for. It makes me sick to my stomach. |
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Still though, the anonymity of Monero is it’s biggest selling point and the only reason it’s more fungible than Bitcoin.
Duh. Could there be any other reason? Anonymity is the only way to guarantee fungibility in decentralized money. If it weren't for anonymity then Monero would just be another useless altcoin.
You mean besides Monero's elastic block size and tail emission, right? Or are you saying there's no value in being able to scale on chain without years of political drama and contentious forks? I'm pretty sure Bitcoin would disagree. What about Monero's CPU-friendly PoW? There's no value in that? The Pirate Bay and CBS's ShowTime seem to disagree with you there. I'm sure there will be more. |
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Chat apps like Viber, Line or WhatsApp make the most sense I'd think. Of course there's also Venmo. Edit: Don't forget games with in-app purchases  |
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Professionalism becomes mandatory as some point, I am pointing out a glaring discrepancy between the way he addresses the two positions. I'm sorry if you don't like my opinion, but I speak my mind and do not worship at anyone's alter. Nor do I run to a sockpuppet account if I am going to say something out of the party line.
I don't dislike your opinions at all. In fact I enjoy reading many of your comments on this thread. I only question the value of expecting someone to behave (or dress) a certain way when they have no obligation to do so whatsoever. He's a person on the internet who does whatever he wants, and just because he generally knows what he's talking about and gives a good speech, that doesn't somehow make him obligated to be our representative. We have no leaders. No heroes. Only voices. |
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Is being the "face of Monero" a responsibility he asked for, or is it one you're assigning to him?
Inadvertently by his own posts and shenanigans, yes, he is currently the only "Face of monero" that I know of? & as the lead dev, should he not be?  Edit - Do you see anyone else giving presentations on Monero to blockchain conferences? Point made, thank you. ...  If I go around giving presentations, will that suddenly make me the "face of monero?" Am I then immediately obligated to wear suits? I just want to know when the suits become mandatory  |
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I think he fits those hilarious shirts better than Vitalik with his varity of "funny" shirts  Maybe, I have only seen one picture of that kid and wouldn't waste my time even looking for one, I have no respect for him, Fluffy OTOH I do respect what he has accomplished with this team and would like to see him make an effort when being the face of Monero.Is being the "face of Monero" a responsibility he asked for, or is it one you're assigning to him? |
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You don't think the GUI had an effect on Monero's price? I do.
Not a significant effect, no. To be clear, I'm talking about the major price movements the coin has seen. XMR only had a few. The ones I can remember were: 1. The Mintpal pump 2. BCX FUD (dump) 3. Risto's accumulation announcement 4. The SIGAINT endorsement and AlphaBay news 5. Riccardo's "big news" announcement 6. Bithumb announcement It's also worth pointing out that none of the above ever amounted to anything. The XMR price dumped as soon as Mintpal listed it, BCX never had an exploit to begin with, Risto's announcement was probably hot air, XMR did not take over AlphaBay, Fluffy's "big news" wasn't that exciting after all, and the Koreans on Bithumb didn't bid the price to the moon. Meanwhile (and contrary to wild predictions), LMDB, the GUI, RingCT and other major developments were met with relatively unimpressive price movements. The takeaway: If you want to move the price, nothing beats good old fashioned bullshit. |
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Throw in a couple of hardware wallets into the equation and you've got a confident forecast for XMR overall.
It's worth noting that the crypto markets don't respond much to new developments (at least not directly), but more to announcements of third party adoption by exchanges and marketplaces. This has been observed with pretty much every major XMR movement since its inception. That said, I'm confident new developments play an important role in driving third party adoption. That's mostly true. However, I'd like to believe that in the case where a currency, such as Monero, has had no light wallets and no hardware wallets for its entire existence (absent one or two unofficial ones), this news might make more than a splash. Perhaps I'm overly optimistic, but, as rangedriver has pointed out previously, hardware wallets, in particular, are the sine qua non for HNWI investors. That alone might give the market monero's price a much-needed giddy-up. Crypto markets are fueled by FOMO. People don't buy because "oh yay XMR finally has feature X, time to buy." They buy because "holy shit it's now or never." Hardware wallets might make more investors comfortable the next time that "holy shit" moment comes, but the feature itself doesn't create that imperative. |
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Throw in a couple of hardware wallets into the equation and you've got a confident forecast for XMR overall.
It's worth noting that the crypto markets don't respond much to new developments (at least not directly), but more to announcements of third party adoption by exchanges and marketplaces. This has been observed with pretty much every major XMR movement since its inception. That said, I'm confident new developments play an important role in driving third party adoption. |
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Sticking to a plan is far easier said than done. The closer you get to hitting your price target, the more difficult it becomes to resist selling early. I'm finally on the home stretch and it is every bit as excruciating as I expected. But I will wait out another long bear market if it comes to it, because I'm not selling a fucking thing below my target.
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Defo it will end, but I don't think that means XMR is going to 25usd.
I'm betting it will survive. I don't necessarily think it will be unaffected. |
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80% is optimistic? I agree a shakeout is inevitable, but an 80% drop across the board is not going to be a sudden thing. 80% of coins withering away is likely but only over time and a few will more than make up for the MC loss overall by being the ones wih real use cases.
XMR will be one of them.
I suppose you could call the dot com crash a "shakeout" as well. How quickly did that happen? Do you see the current "ICO fever" as something that's here to stay, or a point in cryptocurrency history that eventually comes to an end? |
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The people who predict an 80% correction are funny. You can't take something that happened in the past, and say "see, it'll happen again!". The public's awareness of cryptocurrency is 50 times higher than what it was back then. Corrections will not be as deep as they were in the past, simply because there are many waiting on the sidelines to buy in. And when they fail to get their target buy points, the price will move up to new highs on FOMO.
As an interesting side note, I follow some non-crypto trading communities, and the number of never crypto types who are changing their minds is growing by the day. It's incredible to observe.
Times change but human behavior does not. How many folks in this thread were certain the Bithumb promotion would catapult XMR to new highs? Moneran's shouldn't forget the great Mintpal pump of 2014, which resulted in an ATH that wasn't broken for two years.
The important point though is that the price record was reached before trading began at Mintpal. Perhaps this time is different?
I do think a crypto armageddon is coming, and I think 80% is an optimistic estimate (for a market cap loss for the entire sector). When the dust clears, only a few projects will remain. Of course we can only guess when it will happen, and to what degree it will affect XMR. |
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Anyone notice how lately the XMR price as listed on www.monero.how has been notably higher on the two smallest exchanges... USD/XMR EXCHANGES
Price 24hr Volume (XMR)
Bitfinex 115.35 29,000
Bittrex 115.03 2,870
Kraken 116.58 2,544
Livecoin 121.81 261
Exmo 120.70 232 ...usually these kind of arbitrage opportunities don't last more than a few minutes: this seems to have been persistent a few days since I noticed it. Anyone lately try to arb from Livecoin/Exmo to Bittrex/Kraken, or what's the deal here? What's the catch? Some kind of hidden fee or something? Counterparty risk. How much money are you going to trust with Livecoin or Exmo? |
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The price of Moreno has risen so fast, but it has not fall fast. For now, it's picking up faster than the other top-level altcoins! I guess Monero's rise is not speculation.
If Monero continues to be such a stable altcoin, it may come to better places than Ethereum.
Monero is better than Etherum, Litecoin, and so on. I personally think, we will see Monero beeing the closest coin to BTC in Q3 2018. Rangedriver had the exact same prediction a few days ago  The big question is where will bitcoin be at that point, and what % of its market cap could we expect Monero to occupy? Currently ETH is about 40% of bitcoin's market cap. |
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Not really, most days xmr has been just as red. And the big difference is that all those other coins are winding down from the spring 2017 alt bonanza.
Guess which coin wasn't invited.
Actually, XMR hosted that party in August 2016, watched carefully as every greedy scumbag in town showed up, and then barricaded the exits. The great crypto massacre is coming. It begins. |
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Damn. I didn't factor all those boating accidents.
There was actually only one accident. We all decided to have a Monero meet-up on a small fishing boat in treacherous waters. Many fortunes were lost that day. |
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