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1  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: November 17, 2017, 08:19:55 AM
I have more than 5 moneros stucked on my portfolio, i bought them all at $125 (0.015 btc a few days ago) and now the price of each one has dropped to $120 but the equivalent of bitcoin is 0.013 btc per monero.
I am losing a lot of money, i dont know what to do guys, should i sell now to cut that loss or just hold them for a while? i am not trying to get more USD value, i just want to have more bitcoins.
but this situation is stressing me a lot, i dont know what to do at the moment, i really trust in monero but maybe it is not a good moment to invest in altcoins.

My friend, a few words of advice:

1) If you can't stomach a mild drop from 0.015 to 0.013, please just cash out of crypto-currencies as soon as you are back in profit (which I believe you are already now since we are at 0.0158 at the time of me typing this). Crypto-currencies are not for you and you will have a much happier life with less stress if you just leave this thing all together.

2) Don't invest any amount you are not willing to write off entirely. Crypto-currencies is gambling except even riskier because no one knows what the odds of winning this game is. At least when you buy a lottery ticket or gamble at the casino you can calculate the theoretical odds of winning.

3)"i just want to have more bitcoins." This is your biggest mistake. The correct way to think is, "i just want to have more Monero." That is my sole motto in life and it has serve me well so far Tongue.

4) Also, never ever take any financial / trading advise from anyone in the Monero Speculation thread here. Including all the above advise I just typed - please disregard it. I am dead serious here - trust no one (especially on BitcoinTalk).
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 20, 2017, 03:54:51 PM
Why are you so salty? How much of your money was put into this? Not even the general developement fund was used. Only people who wanted donated directly.
Get lost.

He is salty, because despite his numerous attempts to troll Monero over the years. Monero has gone from strength to strength.

Just ignore him. No point wasting energy on a troll.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2017, 07:38:35 AM
People seem to have forgotten that the Monero devs discovered a critical bug in CryptoNote not too long ago that if exploited could allow double spending to occur. Thankfully our devs spotted it before anyone else and patched it before it could be exploited in Monero.

For those who were here back in 2014(?), an attacker successfully caused a network fork in Monero by exploiting a bug again in CryptoNote.

Software is hard. One single typo in a line of code could potentially cause catastrophic failure. Monero exist in an adversarial environment with attacker looking for bugs / weaknesses to exploit. This is the risk we are dealing with. If you are going into buy into Monero or any other crypto, you should be aware of this risk.

I don't know what is the real intent of Fluffypony when he says "don't buy Monero", but I half suspect he ain't entirely joking.

P.S. Ultimately, action speaks louder than words. Our devs have worked largely unpaid and mostly unappreciated for many years to protect and enhance the privacy & financial wealth of the users and holders of Monero. So at least from me, I tip my hat off to Fluffypony, Smooth, Moneromooo and many more Monero devs / contributors for their hard work.
4  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 14, 2017, 09:36:57 PM
Guys, don't get sucked into TrueCryptonaire posts.

He oscillates between Monero uber-bull to (basically a) pathetic troll depending on the position of his books. He has been doing this since 2014.

He'll be bullish when Monero is $1, bearish when it is $2, bullish when it is $5, bearish when it is $10, bullish when it $25, bearish when it is $50...

At the end of the day, it doesn't matter what the price of Monero is. If he isn't holding & is looking to re-enter at a low price, he will be doom and gloom. If he is bag holding a bunch, then Monero is the best thing since Bitcoin and will take over the world.

I've lost count the amount of times he has flip-flopped between extreme pessimism to euphoric optimism at seemly a flip of a switch. It's kinda of comically really. But it is also kinda disgusting.

He thinks he can try to influence you to play into his books. He has no integrity and his words are worthless as he will say anything to enrich himself. Just ignore him.
5  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 08, 2017, 03:51:14 PM
I always thought Shark >= Dolphin.

Don't forget the Phytoplankton.
6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 08, 2017, 03:06:47 PM

I  would chip in 50XMR for a special fund - Monero exit scam fund for year 2022 - donations for Monero core dev members and contributors which would be used for them to enjoy life instead of just donating for development (work work ...). Those that made Monero project go this far (and beyond) could also use some donations for crates of finest Barolo wine, wasting everything on roulette table etc ...


I would back this. But probably not prudent to call it "Monero Exit Scam Fund". A lot of people who are involved in the community now will understand the reference. But a lot of newbies probably won't get it and will likely take it literally.

Evidently there are people who take what Fluffypony says literally as they don't get his style of humour / trolling / sarcasm. Also, there would probably be a bunch of shills / trolls who would try and twist this to be "evidence of the Monero scam / long con...".

Also, I thought the exit scam was 2023, can someone confirm?
7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 08, 2017, 10:53:11 AM

Then there was the memorable 'defend 0.004' campaign in July 2014 after the brief spike to 0.01. That didn't last long, LOL. Then two long, long years of grind. I was underwater but kept buying to improve my average buy price. Put in over half my life savings, which worked out eventually (phew). Called myself a Dolphin because I never reached six figures of XMR (damn those 2014 prices! ;-)).

Sold (in hindsight) an annoyingly large chuck of the stack on the up slope of late August 2016. Break even followed very quickly by healthy gain. Sigh of relief.

Cashed out over 15k yesterday (is that not enough?!) but still keeping a healthy five figures for the long haul.  Grin
Q

Yeah, I remember trying to "defend 0.004" a few times (with the modest few BTC I had), but every time I would get my hands burnt (although its has worked out nicely for me now cause we are not likely to ever see 0.004 again).

0.004 use to seem like a ceiling we could never quite keep our heads above before the August 2016 AlphaBay pump. I think a combination of high inflation and the fact that big traders like Warz would profit take around 0.004 meant we inevitably always crashed back down.

I, (like you) was underwater for most of 2014 to 2016, but kept buying to improve my average. I think the lowest point for me (on paper) was in late 2014(?) where XMR had dropped down to around $0.3 USD which represented something like a 80% lost for me (in terms of fiat) if I had sold then. It wasn't until the AlphaBay pump that I was in the green against fiat and BTC.

I know I should probably divest a bit into other assets classes as I am very crypto heavy right now. But like saddambitcoin, I just want to buy more XMR.

To me, XMR is the spiritual successor to BTC. And at $55 USD per coin, that is still a steal. If only I had more fiat to convert...
8  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 07, 2017, 08:15:57 PM
Full disclosure, I've never owned LTC, and except for a few Aeon I mined, XMR is the only coin I hold. I don't even hold BTC anymore. I've been a (happy) XMR bag holder for 3 years now  Smiley

Likewise (apart from the Aeon). Real Mustangs don't day trade.

I have made sales in 2016 and 2017, but the bag is still pretty heavy. Latest sale (first in a year) went through in the last 36 hours at my target price point of 52 USD. What a day - Drank Champagne last night in celebration and I'm still smiling. That's me done for a while. Next tentative sale point  - 150 USD.  Cool

Q

Quicken, I remember you from the ole trollbox (may it RIP).

I'm still accumulating but doesn't look like I'll ever hit that dolphin status man. I'm out of BTC and at $55 USD per coin, XMR its getting hard / expensive to accumulate.  Cry

P.S. You should do us lesser fish a favour by distributing more of your stack  Wink

9  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 07, 2017, 08:36:04 AM

Monero probably isn't going to be added to Coinbase anytime soon.

I was listening to a talk from Charlie Lee (who works at Coinbase). He was talking about LTC and the potential of getting it added to Coinbase. Anyway, he mentioned that LTC volume on GDAX (exchange owned by Coinbase) has to be consistently high enough before Coinbase would consider adding LTC.

Monero isn't even listed on GDAX. That will probably have to be the first step.

Why does Coinbase only list coins that have high volume on GDAX? Cause they don't want to rely on / go to a 3rd party exchange to source their coins.
  

Not sure what you are talking about.  Litecoin is on Coinbase as well as GDAX.  Maybe it was added to GDAX first, but it doesn't really matter.   If you create a Coinbase account, you automatically have a GDAX account with same banking info for funding.  Only difference is GDAX operates more like a Poloniex type exchange - you place bids and asks, while Coinbase gives you a simpler interface / flat rate based on total being sold or bought.  And Coinbase has higher fees.

So maybe they listed it on GDAX first until they had enough volume to be able to manage the Coinbase flat rate.  But, regardless, listing on GDAX would be incredible news and open an easy dollar purchase option for all Coinbase / GDAX clients.

Still, I'm skeptical of it happening anytime soon, given their IRS litigation.

Hmm... I guess I was not very good at making my point.

I failed to mention that the interview with Charlie Lee was conducted just prior to LTC being added to Coinbase (it was already listed on GDAX at the time). There was a lot of speculation at the time of that interview around whether or not LTC was going to be added to Coinbase. And Charlie Lee (Coinbase employee and LTC creator) was telling the interviewer essentially what he thought needed to happen before Coinbase would consider adding LTC - mainly they wanted to see good consistent high trading volume on GDAX.

I was simply trying to make the point (probably poorly) that if those are / were the conditions that got LTC listed on Coinbase (according to Charlie Lee). Then Monero will likely need to do the same. Which is get listed on GDAX first, and have good consistent high trade volume on GDAX.

Full disclosure, I've never owned LTC, and except for a few Aeon I mined, XMR is the only coin I hold. I don't even hold BTC anymore. I've been a (happy) XMR bag holder for 3 years now  Smiley
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: June 06, 2017, 08:02:53 PM
Except Coinbase is totally fucked right now.
I would advise anyone to not use their service. If you have any issue with your account you will be waiting weeks or months for a response from support.
They are too busy spending money on facebook ads to hire personnel or make improvements to the website/ backend.
(Website was down several times yesterday.)
Maybe things will improve in the coming months but for now Monero doesn't need them to be successful. Its way undervalued and if you don't own some of these coins in a few years you are going to regret it. I would be very surprised if XMR wasn't $100 by this time next year.
Monero is the GNU Linux of the Crypto world. It doesn't need ads or corporate sponsors. Hard work and good code will prevail over time. This is a long-term project.

Whether Coinbase is fucked or not, I believe that Coinbase adoption would be great for Monero. To extend your analogy, if Monero is the linux of Crypto then Coinbase could do for it what Red Hat did for linux.

Monero probably isn't going to be added to Coinbase anytime soon.

I was listening to a talk from Charlie Lee (who works at Coinbase). He was talking about LTC and the potential of getting it added to Coinbase. Anyway, he mentioned that LTC volume on GDAX (exchange owned by Coinbase) has to be consistently high enough before Coinbase would consider adding LTC.

Monero isn't even listed on GDAX. That will probably have to be the first step.

Why does Coinbase only list coins that have high volume on GDAX? Cause they don't want to rely on / go to a 3rd party exchange to source their coins.
  
11  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 10, 2017, 10:26:09 AM
Inheritance can be complicated, so consult a professional about that, too.  (Or at least give seed words to your inheritors or executors, so they can dominate any arguments.)

This is a good point. When XMR is one day worth $100, $500 or $1000 USD in the years to come. You gonna maybe want to let someone know how to access that juicy XMR wallet(s) just in case you die suddenly (car accident, heart attack etc).

Who to trust the keys to your wallet? I would prefer no one knows until I am actually dead.

Sorry, a bit off-topic I realised.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: FreeBazaar - OpenBazaar with Monero on: April 12, 2017, 02:27:50 PM
As I said, I'll look at the code and adopt my changes that already done for old OB and equal to budget.

I don't need to stole some coins.

If community think that somebody can make it quicker, I can transfer to him the rest of coins after work minus some small amount for my old work.


Atrides, its been 2 years since you raised funds for FreeBazaar. I think it is pretty clear to everyone you are not working on this anymore.

As a donor to this project, may I suggest the funds raised (minus what amount you think is fair for the effort you put in so far) be donated to the general development fund.

13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: April 11, 2017, 02:32:54 PM
You guys are reading too much into this.

For the newer guys, nutildah (aka MonkeyChanger in Polo trollbox) has been consistently hating on Monero in BCT and trollbox for nearly 3 years now. As far as I can tell, its been hate at first sight.

nutildah likes to pop into the Monero thread every now and then (in-between his tirades against XYZ) to reaffirm his hatred of Monero. Its just par for the course. Normal.

Just ignore and don't quote.


14  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think "iamnotback" really has the" Bitcoin killer"? on: January 22, 2017, 05:07:57 AM
Treatment has begun.

Hope you get better soon. It is difficult to achieve one's full potential when the body is weak or in pain.
15  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: January 19, 2017, 03:49:25 PM
At the very least, try not to quote trolls.

Thanks.

16  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: October 18, 2016, 02:42:26 PM
The option I have difficulty preparing for is the selling part. Holding is easy.

I know right! Just can't bring myself to selling any Monero.

Price goes down, I want more Monero. Price goes up, I still want more Monero.
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 11, 2016, 12:52:55 AM
I have an emergency
More than 7000 xmr disappeared from my my mymonero.com account
I sent an email to mymonero.com support
I became disabled a couple of years ago and I don't know if I'll be able to work again. That's why this is a problem for me.  I am not a young man.

One of the attack vectors fluffypony mentioned was
"The user's upstream connection is compromised, either because they're using a VPN or Tor"
I use a vpn through vpngate.net sometimes.  They can see my traffic, but how would that enable them to get into my account?


I heard there is a fake mymonero site. The fake site URL ends with .co instead of .com

Maybe you accidentally logged into the fake site and they got your password?
18  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency on: September 10, 2016, 03:50:59 AM
  Since about the time active nodes hit 400 on https://monerohash.com/nodes-distribution.html mine has disappeared from the map.  Nothing changed on my end, so I assume its just that my miniscule hashing ability is so far down the list now that I fell off the end.  Any have a theory better than that?

I don't think MoneroHash shows / detects all the nodes.

I've noticed the various nodes I run in VPS would sometimes show up on the map and other times not. I don't mine with any of my VPS nodes.
19  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 06, 2016, 10:43:21 AM
...
As i stated earlier, sell your coins and so I can buy in lower again...

I fixed that for you  Wink
20  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 29, 2016, 09:56:05 AM
Sold all my XMR @ .0121 avg, 572btc worth. Will buy it all back at .005 Smiley

Good luck, not gonna happen. Doubt we will see 0121 again even

We'll see. When people say things like it'll never go below X that's exactly when it tends to happen.

Going down to .005 seems too drastic at this point but I wouldn't rule out a retracement to 0.008-0.009

I am 99% sure you never get it back at .005 ever. I am going to call it early and say you made one of the worst decisions of your life selling quite early. Nor do I ever see Monero (XMR) going back to previous levels. I see a general gradual upward trend that is only continuing.

Don't worry he will be back to tell us that he sold all his monero the next time he thinks were at a top.  He completely full of shit.

If you research my posts and you were informed, I predicted Ethereum would go from $1 to $10-$20. Here I am sitting on millions of dollars of various currency of monies while you are talking about something you have no idea about and putting words in my mouth. Get your shit straight. I'll listen to my own intuition and logic while I ignored your completely stupid one. Wink

@Duomo,  I'm not sure but it seems like you are picking a fight with capslock, who was actually supporting what you said.



Lol, if capslock was actually supporting what I said, this individual is terrible at sarcasm. Telling someone is full of shit is terrible way to tell someone you support what they are saying. XD

@Duomo, cAPSLOCK is definitely referring to primer~, not you.

Read his post again. cAPSLOCK is trying to tell you to ignore primer~ as primer~ is full of shit. There is no sarcasm.

If you check primer~ post history, I think you will also agree with cAPSLOCK's statement.

The best thing to do is to put primer~ on ignore, as most people have already done.

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