The market has a way of taking revenge. And it doesn't really matter to me whether we get to 100 next week or next year.
It's insane that $100 doesn't just seem like a realistic goal, it actually seems like a quite tame prediction. Given the craziness that we've now seen when the market rallies, the outlook for the next bull run (assuming this one ends before the $100 point) is now absurdly high. 4 coins at multiple billions of dollars (including 2 alts over 10 billion), and we know monero is a top 3/4 project (a lot of us would obviously say it's the best altcoin bar none, but that argument doesn't really matter for this post). The pain when this bubble eventually bursts will probably last a while. And it may take 2/3/4 years (although I wont even bother trying to predict this market) before the market as a whole can slowly build back up, but when the next big rally happens, it isn't inconceivable that monero will be holding a multiple billion dollar valuation. $100 would be on the low end of that. $300+ would put us in the 5 billion range. $800 and we're only looking at a market cap around what Ripple is somehow at right now. The crazy visions for Monero just a couple years ago now seem inevitable (albeit there will probably be some pain before then). If this run has shown us anything, it's that it's hard to imagine a scenario where 5 years down the line Monero hasn't pushed these kinds of valuations during a future upswing. There is the possibility that this 'bubble' is merely a 'level up' process. The pop could be less drastic than what we tend to expect in crypto. Except for the absolute shitcoins, which will fade away, of course. |
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Monero's main competition at this point is probably Dash, ZCash and now Bytecoin.
All three of those have doubled or tripled quadruped or gone up 1000% in a week. Monero has actually doubled in USD terms in the last month or so, which is usually astounding and impressive, but just seems like major underperforming in the current market environment.
It has been very frustrating to hold XMR, but up 100% in a few weeks is better than losing money. So have mixed feelings about it and I just don't know why there isn't better marketing for XMR and why the website is primitive and unattractive.
Anyway maybe it will catch fire eventually, although I'm not holding my breath.
Yes. Life can be so hard. Monero is bouncing off C$60, soon to rocket through, IMO. Hold your breath, hat, socks, hold on to everything  |
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everyone who ownes 500 btc is a $ millionaire now.
Imagine how rich Kwukduck would be if he hadn't sold all those coins for $10 each in 2012. Hopefully when Laszlo Hanyecz paid 10,000 bitcoins for a couple of pizzas on May 22, 2010 he had lots more. He must be filthy rich now. How about the Winklevoss twins? A quarter billion between them? Congratulations holders. _____ It's Saturday night. I think I'll go out for a few frosties to celebrate. Not sure where he's at now, but as of 2-3 years ago he proclaimed that had none. |
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I'm having trouble getting my head around the fact that every single bitcoin I lovingly cared for over the last few years has laid me a 1.5 ounce golden egg (on average)! I just need to figure out a way to use the eggs to buy more chickens, without selling the original chickens  Its called Margin Long. even if you only use 1x margin (or less), your stash can be leveraged to lay more eggs, without having to sell any. Of course, markets go both ways. You want to bet correctly, or it works in reverse  |
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2800+ CAD on Quadriga.
What is Quadriga(I think it is something else than an old car ridden by horses)? What is Cad? What is equivalent is USD?Canadian dollar worth ~ $0.74 US currently, putting C$2830 at about USD 2094. Onward! |
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Bearstamp at 2k.
Dat wall doh. it's only 154 BTC. and it's getting chomped on. CHOMP CHOMP MOTHER FUCKERS It's actually CHEW CHEW MF! But we'll let it slide this time. |
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OK, ELI5. How does the candle go green so tall then fall so red? Break it down for me. (I understand general stuff but how/who makes it happen so quickly?)
Buy low. sell high. When its low, someone(s) buy and buy, make it go high. Its high, someone(s) sell because it's high, make it go low. Volatility tends to draw volume, exacerbating moves. FOMO. BTW, looks like it's not over just yet... |
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XMR just hit $500,000,000 market cap, according to Coinmarketcap.com. I believe it is at an all time high in USD terms.
It is indeed - we just jumped over Stellar to no. 8 But this seems to have legs. I am reaching for the popcorn.... I'm torn... I'm going out to give my dirtbike some exercise, but I'd really like to stay and watch the pretty green candles Save some for me! |
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Polo buy side has substantially increased, it hasn't been up at 1800 BTC + for a fair while. We might be seeing more action - OK, it's a spike not a run so far, but... The 20K+ XMR buy wall has some influence there... |
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Whatīs is the second most liquid/trustable exchange to trade XMR?. Polo is getting too slow to trade fast volatility events like that one
Looks like it's still going Dotto. I know what you mean - but I leave buys and sells set up ready on Polo. I did try Finex, but don't trust it... Kraken? I tried it, but I don't like it and it does seem to upset people as much as Polo at high volume times.. I haven't been on Bittrex in ages, so I hope someone else can give you an answer. Yepp. Itīs a nice green dildo, isnīt, kurious?. Thanks for your feedback. Letīs see what others think about Oh yes - it just hit a certain milestone marker for me in terms of my personal future 'wellbeing' too. I am smiling ear-to-ear, Sir! Bitfinex is iffy, Kraken annoys me, and (because) has the same issues as Poloniex along with a horrible UI IMO.. I've never tried bittrex, and there's insufficient volume at the smaller exchanges. I just roll with it at Poloniex for now. Like kurious says, you just need to plan ahead a little. First time I looked today, was 0.01772. Had to pull up a chart to see the provenance, because I thought it was an error. C$48  |
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My god, XMR is a loser crypto coin in this current environment. Look at 7 day and 30 day return for the Top 30 coins and you will see only maybe a couple of them have gained less than XMR.
At least it is going up, slowly, but just frustrating to see everything double and tripling and quadrupling around it.
And you can bet when the market tanks, XMR will drop hard just like the rest of them.
And where is all that new money going as those bubbles deflate, or even just correct? Not all money is smart money, and only some of the smart money will want to be private. But that money pretty much goes to Monero, by default. Checking my Blockfolio app, Monero is C$43 while it stagnates at the bottom of the stack. That is sooo much more astonishing and gratifying to me than (current) C$2700 bitcoin. There is so much new money coming into crypto right now (Poloniex x6 in 4 months?!  )that will sooner or later find out about Monero, I begin to suspect my C$100 /2017 expectation of being far too low. Everything is accelerating. |
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1900? HOLY FUCKING CRAP!
Ah yes, this is a nice feeling. When and where is the party?
Oh yeah, almost forgot.... when is the $1000 party? Three and a half years ago. Yawn. |
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Also known as XMR, InfoRiskToday notes that the creators of the cryptocurrency claim that it's more private and difficult to trace than bitcoin. Unlike bitcoin, it also has no hardcoded block size limit, meaning that - at least in theory - an infinite amount of monero could be mined.  ADD: Hash rate has remained quite stable recently. Botnets are not a new thing, and it doesn't seem that there has been a large expansion of them lately. Does it? Oh well, publicity is good. |
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I don't know what to think about polo. 800 xmr withdrawal stuck for four and a half days. I called the FTC and the SEC and got nowhere. Then I called the Fraud and Consumer Protection unit of the Delaware Attorney General's office. The number is (302) 577-8600. I left a message stating that a Delaware corporation may be committing fraud on its customers, and gave the name of the corporation (poloniex) and the name and address of the registered agent in Delaware that Poloniex uses,
VCORP Services LLC
1013 CENTRE ROAD SUITE 403-B
Wilmington DE 19805
Join me filing a complaint. Or if you have a better idea how to light a fire under polo, I'd like to know.
They've had a 640% increase in trading volume this year. It's going to be a bit rocky in places. Competent help is hard to find - it takes some time to smooth the bumps. It sucks to deal with, but I wouldn't jump on the fraud bandwagon just yet. |
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WTF! Talking about fees I have just made my first Monero transaction, from Kraken to Poloniex. As I always do to check everything is ok, I have sent one single XMR, before sending the rest. Ok, here comes the shocking part: XXXXX 05-17-17 XXXXXX +XXXX Monero ɱ0.95000 ɱ0.05000 Success WTF again!? A 5% fee?  I have never had any problem with fees paid by Kraken (it doesn't let you specify it) with BTC or any other coins so I have to assume that there are other coins with MUCH WORSE transactions fees? This is crazy. P.S.: Considering XMR is now around 25, that's 1.25.... That is dictated by the exchange, not XMR. They tend to use a fixed fee that is favorable to themselves, but clearly have not adjusted it to reflect the rise in value. Being in their favor, I wouldn't expect any action soon, nor any sort of response from support this month. Kraken is too busy adding shitcoins to make what they've got work smoothly, so it is no surprise. Sending XMR from YOUR wallet is much more reasonable. |
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Meanwhile, back at the ranch, everyone else was bleeding. Or buying the dip!  |
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if you look at the 24h volumes in bitcoin at the bottom of the Poloniex website, you can easily calculate that they make about 1 million $ in fees every day. one should think they had enough money to get their technical issues in order.. but the discussion is getting a bit off topic.. do you think xmr will be up to 0.02 btc soon? If you mean Soon TM then yes. Sooner, or later, maybe sooner than later, but Soon TM. |
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