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1  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 26, 2017, 06:06:14 PM
Someone market bought XMR worth around 2 million US dollar in just a second.  Shocked

massive buy to enter the market as quickly as possible on the same day one of the guys running BTC-E who was possibly involved in the hack of Mt Gox gets arrested. Things that make you go hmmmm.
2  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 26, 2017, 12:16:23 PM
https://www.sec.gov/news/press-release/2017-131

Methinks it is time to short ETH

I've got to give him credit, Anonymint called this one a while back.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 25, 2017, 03:02:09 PM

You are right and I remember it well, but the flaw in this analogy was that he wasn't saying Monero is crap and patently he doesn't (and we don't) think so.  He was saying the likes of 'forthcoming announcements' (rather than working on good tech) is just crap - and to not expect this from him.

I get it, though I grant you that he could have made the point some other way given that hundreds of millions of dollars are involved.



Could he have though? I've seen this sentiment a lot since the troll job went down, but what evidence is there to support it?

He's said since day 1 that markets are irrational and don't get caught up in the pumpers games. To trust the tech not the personalities.

And yet still people are just here to ride the pumps. They don't care about the fundamentals. As evidenced by his "troll". If he could have gotten his message across some other way, well then this pump wouldn't have been as crazy as it was. By the very act that it happened it proves that this was the only way to really make his point.

A cryptocurrencies value is not in the personalities behind it. It is not in the pump potential. It is in the tech, plain and simple. People can be coerced, they can be manipulative, but the code doesn't lie.
4  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 24, 2017, 01:57:58 PM
WTF you guys.... champagne?  Baileys?  Moet??  AAAAAAAAAAAhh, no!!

WTF, srsly... and you guys call yourselves Moneroites? ? ? ? ?  Puh-leeze... Cheesy

No no no no no.... it's:

"I just opened a 2004 barolo in your and the devs honor!!!"


 Grin Grin Grin Grin Grin Grin Grin

A good Barolo is a lovely wine.  I have had a Pouillac 1986 Chateau Latour that's been too valuable to drink for 5 years.  I was given it and then I realised it was worth so much, I couldn't bear to drink it!

I have waited for an excuse.  If this is the price (or better) at this time tomorrow, I will open it.

Cheers!



That's one nice bottle you've got there. Sounds expensive... what's that, like 8 monero these days  Cheesy
5  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 24, 2017, 01:55:35 PM
had an order at 27.5 usd and just missed it the past week and now the 100% gain... Sad

There may be several more 100% gains to come, so don't feel like you lost your opportunity.  I recommend spending a fixed dollar/euro/yen amount every week, ignoring price. This works well for most people, if they persist.

The main thing to learn from your case is that you don't benefit from xmr you don't hold.  All the many hours I have spent trading were of insignificant value compared to just being their, bags full, when the moves come.



This is the truth. The risk/reward ratio is way off and almost always foolish.

Trading is worth pennies to the upside and fortunes to the downside when the real moves happen.
6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 23, 2017, 07:02:34 PM
Or if Fluffy's big news is "made you look"
7  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 23, 2017, 01:17:56 PM
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.

True, I'm not even going to bother trying to predict what will happen in this market.

But really, that's irrelevant to the long term outlook for monero. Yeah, it'd be nice if the whole market doesn't implode for a while. That would just make the true valuation for monero happen sooner and would make those 100+ predictions all the more likely.

My point was that, even if the market does implode, it has become very apparent that $100 is still on the low end of the likely future for Monero. It's hard to imagine a scenario where Monero fails to hit that low hanging fruit, given what we've seen in this current bull market.
8  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 23, 2017, 01:07:30 PM
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.
9  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 05, 2017, 03:31:14 PM
Not to mention you don't have to be a whale to have this mentality.

During bull markets FOMO is the name of the game and Monero has the reputation of being "not like the other alts" which puts it further outside the FOMO bubble investing mindset. People want to make a quick buck, that's human nature. No one wants to put money into a relatively stable asset (for crypto anyway) when that quick easy profit is staring them in the face elsewhere.

Monero's reputation is great for the real world and long term. But it doesn't exactly scream FOMO during a bull market where anything and everything is pumping.
10  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 05, 2017, 03:26:23 PM
This really is an interesting situation...  I cannot come up with a really good analysis really.



I've seen that situation before, and I can't figure it out either. All I can say is that I've seen it a handful of times and that the price is still on an upward trend, so I don't sweat it...although I definitely don't get it...maybe it's the only one with real and not inflated value?

Of the list Monero is the only with a 'real' distribution (organic), some others like LTC and ETH have some decent distribution but its offset by awful concentration or premine. I would say Monero is the only real coin besides Bitcoin.

You know... with there being thousands in BTC volume traded daily.  Millions of dollars a day... there is only really one reason the price is resisting the greater trends in an amazing bull market where even known scam coins are growing orders of magnitude in value.

Someone is selling.

Our bull market is being quietly held down by someone or someones selling.

I believe it's that simple.

I believe quite a few people have a vested interest in keeping Monero's price low (relative to the insanity that has been going on recently).

With so many other coins pumping there is a lot of money to be made short term. If you were a long term Monero believer but also liked to play the short game and had the money to move/hold a market, it would make sense to put downward pressure on Monero while making a killing on the other alts.

All that profit is a lot less valuable if Monero rises the same amount. But if Monero can be pressured down it gives a relatively great entry point with all that new influx of cash from the other altcoin bubbles.

Ride the pump of other alts, profit, flip it into more monero for the long term. But that only works if monero can be contained.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think "iamnotback" really has the" Bitcoin killer"? on: March 22, 2017, 03:30:44 PM

That sort of startled me, because it is catchy and it is in the vein of a "byteball" type of geekcool phonetics.

Amorphous was on my original brainstorming list (and I had thought of nebulous in the process of thinking of amorphous and mentioned nebulous as a negative 3 times on the page), but I think you are correct that Nebula is better than Amorphous or Nebulus.

But is that the meaning we want for a programming language? The language is targeted to programmers. Nebula does have a nice sound to it. Are you thinking the programming language is a feature marketed to the speculators also and thus the reason for the geekcool name?

While reading your ideas I couldn't help but think of the Bruce Lee quote - "Empty your mind, be formless, shapeless like water if you put water in the cup it becomes the cup and water can flow or it can crash."

This also hits back on your Zen ideas. Water, like your language is fluid. It has many degrees of freedom and goes where it is directed. It does not resist, it just flows. Of course, fluidity is not restricted just liquids. It can refer to anything that is readily changeable. Anything that is not fixed and rigid.

So two names that immediately come to mind are... Flow and Fluid


12  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think "iamnotback" really has the" Bitcoin killer"? on: March 22, 2017, 02:41:29 PM
I agree with Shelby that music may not be the best place to start. There is too much entrenched establishment thinking in that domain by both consumers and especially content creators (although it has gotten much better in recent years). Artists are still locked into old ways and I don't believe it will be the easiest market to "attack" first.

Yes, the indie market does offer some inroads, and in time I believe that will be the place to dig in and make our mark, but I don't believe it is the best place to start in the grand scheme of things. I would tend to think a market to focus on first would be one that already has its roots in upending the tradition media/content distribution status quo. The primary ones that come to mind are podcasting/vlogging (and to a lesser extent blogging). These industries are built on the idea of creators getting their content directly in the hands of users with minimal middle man interaction. And the content creators are always looking for new and better ways to monetize their offerings.

Unlike the music industry, where there are a plethora of preconceived ideas and biases holding people back, the podcast/vlog sphere has very little of that. They want innovative distribution ideas, that is why they came into existence in the first place. They want easier/better ways to spread their "art".

I believe the largest hurdle to overcome in this market is the idea that consumers have always gotten these things "for free" and there may be some resistance to now paying for them. But the whole idea of a micropayment social media platform is that the consumers wouldn't even really feel the brunt of paying anyway since the transactions would be so small. So I don't think this will be as difficult to overcome as it initially appears.
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: November 03, 2015, 07:30:36 PM
XMR not available on shapeshift right now?  Anyone know what's going on there?
14  Economy / Economics / Re: Economic Devastation on: May 27, 2015, 03:13:09 PM
Anonymint, you clearly don't believe in socialism, yet you clearly also believe many (most?) current jobs are at best pointless and at worst actually harmful to productivity and moving the human race forward.  So my question is, what do we do with the masses in this future of high technological unemployment?

I understand that in any system there will be winners and losers (at least in the short term as you say).  That is necessary and any system that attempts to totally avoid that is doomed from the start.  But at what point is enough enough and the "losers" should be given some help?  Is there any point where you believe there should be a social safety net?  Or are you of the opinion that they should all just be thrown to the wolves and left to fend for themselves and adapt or else?
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 30, 2014, 01:09:59 PM
Fucking nice.

Went in with another long yesterday at 557,-. Worked out Pretty well!

Whats the next resistance area?

Oh really?  Did we even touch that low yesterday?
16  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 23, 2014, 01:41:49 PM
lolol at the whale that just doubled their wall at 550
17  Bitcoin / Project Development / Re: $200 in BTC prize. What is bitcoin? How does it work? Writing contest on: April 22, 2014, 01:12:00 PM
You should put the prize money in escrow, not that I don't trust you...

Would be pretty silly for people to put time and effort into this and not receiving a prize.

You can check our trust comments, we have always paid. ALWAYS for any work that is done, articles that are published, or anything else which payment is due. We will not be placing funds in escrow for a contest in which we have received 1 viable entry for thus far.

Its part of the publication agreement. We cannot publish it until you have signed it, you dont sign it until your article is chosen as the winner and payment is made. Its the way the legal system works with publishing.

Don't believe what this person says, it is not true at all.  They scammed me out of $20 (a meager amount, yes, but it is the principal of the matter) for an article I wrote.

I was asked to sign the publishing agreement and provide a payment address so they could pay me the next day, which I did, and then I got the run around for a month until they finally said they were not going to pay me.

Regardless of whether or not they use the piece I wrote, I was promised payment and did not receive it.  "The Bitcoin Society" has shown that their word is good for absolutely nothing.  Just another scam artist who will make up excuses and drag their feet and ultimately not deliver what they promised.
18  Economy / Economics / Re: Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat on: April 11, 2014, 02:49:22 PM
[snip]

Notice in Bitcoin the new coin production schedule is designed such that rate of increase is declining and the total supply is designed to never exceed 21 million BTC coins. However, IMO that is myopic because the mining is already centralized and if the government takes over, there is no limit to what they might do with the protocol. I argued that more upthread or in the past, where I said once the masses dominate the coin userbase, they really don't care as long as they get their debt and Walmart goodies.


Bitcoin mining is global. If somehow the government took over the major miners in the United States and forced them to change the protocol, wouldn't that just create a forked coin which people could choose not to use and instead keep using the real Bitcoin which is still mined throughout the rest of world and by smaller miners in the United States? For your scenario to play out, a total government takeover of the Internet (far more severe than the Great Firewall) and well as blanket observation and control of all commerce would be required. Even if it were technically possible for this regime to carry out this kind of extreme totalitarianism, I do not think it has the political capital and economic resources to do it. Nor do I think they are stupid enough to try. Power will adapt to Bitcoin, not destroy it.

Circle CEO apparently disagrees and says the G20 will cooperate. I have also provided citations upthread about G20 declarations on their plans to cooperate.

Two or three pools control > 50% of the hash rate. That isn't the entire internet. That is only three businesses that have to be raided.

The masses won't care. Who is going to support your fork? You won't even have a majority of mining hash rate.


As for individual miners switching to another pool upon that event, note one miner in East Washington had already 6 - 7% of the total Bitcoin network hash rate and is aiming to reach 10%. ASICs concentrate mining power and this will continue to get worse.

The one that is modified by government mandate to issue additional coins and have white/blacklists would be the fork, even if it has more hashing power, not the original Bitcoin protocol. Why do you think everyone would adopt the government-mutilated fork? People can still use Litecoin and Dogecoin even though they have less hashing power. In those cases, they are the clones; in the case you describe, the government version, even with more hashing power, would be the massively inferior imitator.

Because the masses don't care. They shop at websites, not via a downloadable Bitcoin client. The Amazons, Walmarts, etc.. will follow the government's regulation to send transactions only through regulated pools. The smaller retailers follow because they dependent on the larger ones and/or fearful of government enforcement, and the larger ones follow because they are the multinationals who benefit from their symbiotic control over the government.

I think we all agree the masses don't care.  Which is why, in order to avoid this situation, an alt cpu only coin is a necessary way to "opt out" of the current system and the downward spiral it is heading towards.  That said, there will come a time in the future, when all this is behind us, that the masses will finally come around and adopt this decentralized "knowledge age" cpu coin.  Maybe not a year or five years from now, but eventually.

So what happens then, when the masses are all running there own little personal miners and contributing to the network?  How are updates made and distributed to the network?

If it is true that the masses either don't care or are too stupid to care, doesn't that again pose the same threat of having the masses unknowingly adopting code that goes against their own interests?  They will ultimately still be the majority.  How many people will update their clients without fully understanding what it is they're updating.  How easily could something counterproductive towards our goals be distributed in this way, getting the majority to consent to it without even realizing or caring?  While it would be harder to corrupt than bitcoin (which the masses will welcome with open arms when the time comes), it seems to me that there is still ultimately still a threat there simply because the masses will control the majority of the network.  No, there won't be any one individual who can be corrupted, but combined, the ignorant and indifferent will still pose a threat, no?
19  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 11, 2014, 01:59:53 PM
These overnight profits Grin sometimes Bitcoin really is a get rich quick scheme. Anyway time to take the day off and enjoy the weekend. Looking back to the total lack of buy interest for 440+ coins and the grind down the last weeks, probably a good idea.

Anytime there's crazy volatility there's a good chance for quick profit if you have even the slightest idea what you're doing.

I turned over 18+% gains in 12 hours (actually, that's partially a lie. I took some 15+% gains late last night around $410, figuring that was pretty good for 3 hours work).
20  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: April 10, 2014, 03:31:28 PM
Seriously that 400 wall felt like a life-line. This will be an interesting day indeed

You can't be serious...

You felt like that ridiculous wall was solid and not going to be pulled?

It wasn't pulled though

yep. There was a 2300btc sell.

No, that 1,000+ wall was pulled.  It was pulled and then turned into a sell down into the support that formed in behind it.

No one sold through that wall, the wall was removed and turned into the sell.

The wall was bought...

What are you talking about, a buy doesnt turn into a sell.

You put up a ridiculous buy wall.  Support forms in behind it.  You then remove your buy wall and sell it to that new support you just created.
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