I hope you are able to get your buy done at a nice low price. Would be a shame for all that FUDding to go to waste!
I don't believe fudding by noobs has any effect on the price. I don't even believe fudding by myself would have. Unfortunately you are wrong. Once some noobs start farting the price starts to drop and it might drop quite fast as we saw some time ago in this thread when it fell back to low 0.002. The price is too much dependent on the sentiment of some traders who love to dump the coin at any point they see it is possible to kill the bullish trendline. OMG... teh whale has spoken... quick guys sell all yor coin before its too late, sell all and realize the profit,, you can always buy back later after the whale done dumping. with all teh Inflation ahead, lack of GUI, dozen of competiting CN coin, and infinite emission tailgate... you cant take the chances that monero price will reach 10000 usd seriously... isnt  EDIT :: oh dear did you hear... psss... bts implement anonimity... XMR used to have high inflation, but that is pretty much past now.. If the dumpers did not have dumped probably the marketcap od XMR would have reached Darkcoin's marketcap. The inflation is only around 9300 coins per day which represents around 10 k usd. in the long run, moneros inflation is irrelevant tho... what matter is when all top 10 coin has anonymity implemented, how would xmr will stay relevant if we look at Eth for example, they already has Gui wallet although still beta 2 it seem, but improvement are constantly being implemented. Dash, they has gimmick like Anonymity, masternode, instantx, voting system... wow... in short, Xmr really really need to improve, old hype of gimmick anonimity alone will soon fade away. because only few people need superior anonimity, those are Terorist, drug dealer, tax evader, and kid molester and other horrible stuff while ordinary humble religious law abiding citizen only need to able to use their money easily without the hassle of Command line wallet  . yo will need to pimp your wallet that user can use it intuitively. honestly i want to hear more good news from xmr community regarding their wallet, as i too once xmr holder and convert all of them when i realize xmr dev seem ignoring investors call for improvement. have a nice day  11 600 000 coins have emitted. Has anyone calculated how long it will take when we have twice as many coin mined (23 200 000)? XMR has all the benefits of cash unlike bitcoin. |
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I hope you are able to get your buy done at a nice low price. Would be a shame for all that FUDding to go to waste!
I don't believe fudding by noobs has any effect on the price. I don't even believe fudding by myself would have. Unfortunately you are wrong. Once some noobs start farting the price starts to drop and it might drop quite fast as we saw some time ago in this thread when it fell back to low 0.002. The price is too much dependent on the sentiment of some traders who love to dump the coin at any point they see it is possible to kill the bullish trendline. OMG... teh whale has spoken... quick guys sell all yor coin before its too late, sell all and realize the profit,, you can always buy back later after the whale done dumping. with all teh Inflation ahead, lack of GUI, dozen of competiting CN coin, and infinite emission tailgate... you cant take the chances that monero price will reach 10000 usd seriously... isnt EDIT :: oh dear did you hear... psss... bts implement anonimity... XMR used to have high inflation, but that is pretty much past now.. If the dumpers did not have dumped probably the marketcap od XMR would have reached Darkcoin's marketcap. The inflation is only around 9300 coins per day which represents around 10 k usd. |
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I hope you are able to get your buy done at a nice low price. Would be a shame for all that FUDding to go to waste!
I don't believe fudding by noobs has any effect on the price. I don't even believe fudding by myself would have. Unfortunately you are wrong. Once some noobs start farting the price starts to drop and it might drop quite fast as we saw some time ago in this thread when it fell back to low 0.002. The price is too much dependent on the sentiment of some traders who love to dump the coin at any point they see it is possible to kill the bullish trendline. |
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COPY DASH? ?? AHAHAHAHA never gonna happen. I know you think Dash is a despicable scam but it could have some positive features, and the reward to the masternodes has increased the number of Dash master nodes fast. omg this thread should be renamed... "Monero against Dash speculation" Sometimes there is interesting information. I read here that monero will be 100,000$ in 2030. I bought 10 so in 2030 I will be millionaire. Such a nice thread. I love people like you - you are a TrueBagholder.  Holding digital gems 14 years, but will be rewared. 10 000 usd XMR price will be sooner than 100 000 usd price. However, nobody knows what is the difference in time zones and there is no models to predict it because it depends on the adaptation. Let's consider btc for instance, it rose from 13 usd to 1200 usd in less than 1 year (approximately 11 months) - almost 100 times. I never could have imagined btc will be worth 1000 usd at some point in near future. If I had, I would be a multimillionaire. I was sacarstic, I think its value will never go more than couple of dollars. Too much manipilation on this, like what just happened. Seeing 100k (near 1% of coin supply) buy from time to time and 50K dump, make me feel like this is just whale playing field. This shit is not decentralized. I feel you bro, there indeed is way too many whales but what can you do. Is there any other alternative that do not have whales playing? I think no. We can only wish the whales have redistributed their coins before we go to 100 000 usd per Monero. I am not being sarcastic here.  |
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COPY DASH? ?? AHAHAHAHA never gonna happen. I know you think Dash is a despicable scam but it could have some positive features, and the reward to the masternodes has increased the number of Dash master nodes fast. omg this thread should be renamed... "Monero against Dash speculation" Sometimes there is interesting information. I read here that monero will be 100,000$ in 2030. I bought 10 so in 2030 I will be millionaire. Such a nice thread. I love people like you - you are a TrueBagholder. Holding digital gems 14 years, but will be rewared. 10 000 usd XMR price will be sooner than 100 000 usd price. However, nobody knows what is the difference in time zones and there is no models to predict it because it depends on the adaptation. Let's consider btc for instance, it rose from 13 usd to 1200 usd in less than 1 year (approximately 11 months) - almost 100 times. I never could have imagined btc will be worth 1000 usd at some point in near future. If I had, I would be a multimillionaire. |
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I agree one need to take the responsibility to their purchases.
That being said, personally I think it is better to buy coins at different times, the price differs but the average price is relatively good then as opposed to the strategy to invest a big chunk of btc at one shot and then pray your timing was good.
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If the only source for the rally is the closing of short positions it is pretty bearish IMO.
Do not get me wrong, I am not selling but there need to be fundamental reasons for the pump, like someone taking large position (in a friendly way, unfriendly way is the intention to dump later and kill the growth).
Bottoms are usually found by shorts closing. Yup. Might be the beginning point of new bullish leg. Time will tell. |
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It is easy to solve the problem: quit lending.
If everybody quits lending the rates skyrockets and the shorts can not be open for long time.
The shorts need to be covered with interest payments that are accuring every minute the shorts are open.
so why dont you start? thought are one of the biggest self acclaimed lenders? But i guess we agree with that low interest monero is just asking to be shorted Indeed I am a lender but since I am not aware of the size of my collegues' positions in lending markets I am not confident that I am one one of the biggest lender. I am not even holding all-in my Moneros in lending markets just like I am not all in Monero in general. |
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It is easy to solve the problem: quit lending.
If everybody quits lending the rates skyrockets and the shorts can not be open for long time.
The shorts need to be covered with interest payments that are accuring every minute the shorts are open.
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If the only source for the rally is the closing of short positions it is pretty bearish IMO.
Do not get me wrong, I am not selling but there need to be fundamental reasons for the pump, like someone taking large position (in a friendly way, unfriendly way is the intention to dump later and kill the growth).
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Holy green shoots! 50K market buy. Accumulation has started?  Short closing, most likely. Look at available loans Assuming this was a short coverage, I wonder who acts that violently? By giving markets for the sellers the short covering would have resulted with higher profits. Slower but steady will always result with higher amounts of profits rather than quick and sudden. |
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Holy green shoots! 50K market buy. Accumulation has started? |
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@TrueCryptonaire: Any thoughts on the lack of actual innovation? Ring signatures weren't invented by Monero, neither the announced to be implemented Confidential Transactions. Can you name any (killer) feature that didn't exist before Monero came to invent it? And if not, why are you so ardent to support it?
This is an honest and neutral question. I don't have beef with anyone who likes Monero, even though one might think so.
Hello, To be honest, I have no idea if XMR lacks innovation or has innovation. I am investing into it because of the community. Money is a social contract and if there are enough people thinking a commodity X is money then it is money. Gold coins has not that much innovation but I guess there are still some people thinking it is money. Surely it has been perceived as money no more than around 100 years. You can still buy those coins from dealers and ebay. Money doesn't need innovation but it simply needs to be usable, safe and secure and above all, it needs people who are willing to collect it as much as possible (greed - yes it is a healthy thing despite some people might find this controversial). Thanks! With that specific set of priorities I can comprehend your decision of investment. Do you have any other coins that meet your criteria (no, this isn't a "Dash bait", any other coin)? To be honest, I do not have. But that might be also the lack of time to research every coin of coinmarketcap (like hundreds of cases). Bitcoin obviously still has the majority of followers, then I think Monero has also people who are at least interested in the coin... Edit: Etherium has a community and that is reflected by the trading volumes. Therefore I am interested in it but personally I am not investing into it at least for now... There is way too much volatility and the last thing I want to do is to buy and then get dumped instantly (this has happened with XMR btw many times). |
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@TrueCryptonaire: Any thoughts on the lack of actual innovation? Ring signatures weren't invented by Monero, neither the announced to be implemented Confidential Transactions. Can you name any (killer) feature that didn't exist before Monero came to invent it? And if not, why are you so ardent to support it?
This is an honest and neutral question. I don't have beef with anyone who likes Monero, even though one might think so.
Hello, To be honest, I have no idea if XMR lacks innovation or has innovation. I am investing into it because of the community. Money is a social contract and if there are enough people thinking a commodity X is money then it is money. Gold coins has not that much innovation but I guess there are still some people thinking it is money. Surely it has been perceived as money no more than around 100 years. You can still buy those coins from dealers and ebay. Money doesn't need innovation but it simply needs to be usable, safe and secure and above all, it needs people who are willing to collect it as much as possible (greed - yes it is a healthy thing despite some people might find this controversial). |
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[DISCLAIMER: see disclaimer of conflict of interest at the bottom] Quote: "If you see fraud and don't shout fraud, you are a fraud" -- Nassim Taleb (credit to Icebreaker for the quote). Monero Ninja Launch:There were multiple threads started in the wrong place so dev team could benefit before most even knew it had been launched. The Monero ANN thread is not the original ANN thread (true sign of a scam coin) and some say the name (Bitmonero) was changed to (monero) cover up the launch issues and association with original acknowledge scam dev. How many threads does this coin need? One in the right place, apparently 6-7%+ of the total supply ~1.5 million monero mined with optimized miners while dev team pushed a crippled miner on everyone else. Months 2-3 total coins mined was 1.37 million.
Minting Money with Monero ... and CPU vector intrinsics August 28, 2014 "The original developers deliberately crippled the miner." http://da-data.blogspot.com/2014/08/minting-money-with-monero-and-cpu.htmlMonero Fastmine / Instamine:The monero cripplemine was bad but the fastmine is where the most unfair distribution took place. Monero has a highly inflationary emission curve where around half the coins were mined in the first year and will have "Roughly 86% mined in 4 years". By comparison, Bitcoin is almost 7 years old and only has 75% mined. It will take them another 4+ years to get to monero's 86%. So it will take BTC & LTC ~11+ years to get to ~86% and monero only 4 years. It will take DASH ~ another 20 years to get to 86%.  They knew it was a problem but did nothing...... [BMR] BitMonero emission curve change (proposal) https://bitcointalk.org/index.php?topic=585480.0[ANN][MRO] Monero - an anonymous coin based on CryptoNote technology "It was said that this coin had a mining reward schedule similar to bitcoin. In fact it is twice as fast as intended, even even a bit more than twice as fast as bitcoin. If you acquired your coins on the basis of the advertised reward schedule, you would be disappointed, and rightfully so, as more coins come to into existence more quickly than you were led to believe." smooth https://bitcointalk.org/index.php?topic=582080.0[XMR] Monero - Marketing Team & Tactics https://bitcointalk.org/index.php?topic=1233817.0Unveiling the truth over the major Monero scam https://bitcointalk.org/index.php?topic=755840.0DISCLAIMER: I am a DASH fan boy and I do not deny a conflict of interest. Nevertheless I endeavor to be factual and I suggest that readers consider the facts, check the facts, reach your own conclusions about what happened and how it matters today, and finally to avoid the temptation to attack the person stating the facts or the coin(s) with which he might be associated] I agree Monero is mined quite quickly (within a few years). For that reason the price has been pretty low and it still is low. That being said, it offers a great opportunity to enter with the funds that you can afford to lose (this is a risky project) without losing your mental health. Actually I was in favor of cutting the emission in 2014 but the Monero community disagreed with me and that is pretty much also the reason why the price never rose big time and those who were early adopters and couldn't afford to cost average it down are underwater with the current price tag. Also one problem with XMR is it has been owned by whales who like to dump their coins every once and while. Those whales basically are looking a way to kill any bullish trend Monero has attempted to enter, so this fact makes Monero not too attractive for investors. Summa summarum: These are the pros and cons for Monero: The pro: price is pretty low The con: there are apparently big whales who do not want to hold Moneros at too high levels thus making the entrance of bull trend pretty hard. I am being very honest here and not telling that Monero is "perfect". I am willing to speak also the weaknesses of XMR. That being said, I own a stake of Monero that enables me to get rich if Monero gets adopted by any wider user base, but if XMR will drop to 0.001 I am not also losing my nigh sleep... |
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Deleted because personal attacks are not allowed.
So he calls people he disagrees with "'tards" and you don't delete his posts? My post was way less offensive. You should apply your moderation powers equally. His thread his rules. |
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TPTB_need_war, what do you think, will XMR be more expensive in June that is is now or will it be cheaper?
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To trade silver you do not need a dealer do you.
You do if you want to have physical in the Philippines. The presumptions you guys make. Do you think I am total clueless idiot and I wouldn't know that. When Jason Hommel was holding my silver it is because that was 2007 and I had only started gaining interest in precious metals in 2006 for the first time in my life. The first time I ever held a gold coin was in 2006. I had no clue where and how to buy the stuff and I got into it because of Hommel, so I trusted him. Obviously after the $21 incident, I learned very fast. Realize at that time I was more interested in programming and technical pursuits and I viewed the management of my savings as a side show. So I wanted it to be convenient so it wouldn't disrupt my main vocation and interests. And I was also traveling to Asia and I didn't have any one to manage my affairs in the USA. And that is why I am telling you I don't have the correct lifestyle and situation to be a speculator. I am not here to slander you.. I am here just to have discussion. I am indeed interested in knowing what the future will bring us because I can monetize it. That's why I am here pretty much, learning from wiser people and indeed I am curious/interested in your predictions if you have a track record of great success, and obviously you do not even need to be always completely right, it is enough you are more right than wrong and that there is bigger reward for being right than the financial punishment for being wrong. Personally I traded also the silver break out in 2011 and I did it with 4 times leverage via online broker. I made killing, I remember I was walking on the streets of Vaasa city (those of you who do not know, it is a city on the west coast of Finland) and I lurked my trading account approximately worth of 10 000 euros growing like heck. The feeling was magnificient and it was fast ride... I think I did not hold the position open the whole ride though so I could potentially have been made more money (I had the position open for some time though, it was so called "swing trade"). At some point in 2010-2011 I even installed some kind of btc wallet when it came but I found btc too technical for me and I gave up with it. It was the biggest mistake of my investing. Too close to be there but yet did not search enough to make it happen. Wise people will learn from my mistakes and the smart ones will learn from their own mistakes. |
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I think what he was eluding to is that by making such a comment you must then be really wealthy if you are nearly always right?
My response made it clear I understood what he meant and I also explained that if I were invested I wouldn't be as objective. Also claiming that someone can make correct predictions the majority of the time means they should be rich from speculating is lacking some basic understanding of life. One of the main reasons I failed as a speculator is because I was unwilling to revolve my life around speculating, so for example even though I made the correct prediction of when to buy and sell silver, I didn't have my fiat and silver in the right places to make the trades. I had fiat in the USA that I couldn't get to Manila without putting me in some FATCA reporting scenario and I had physical in Manila that the dealer refused to buy or find a buyer at $48.I am a programmer and a sportsaholic, and have my head and free time deep in other priorities. I don't want to be a speculator and be married to my investments 24 x 7. That doesn't diminish my ability to analyze markets. The other reason I failed as a speculator is because I didn't know how to control my rationality when the combination of my illness messing with my adrenal function right after the May 2012 ER hospitalization, and my ex showing up to yank my kids unannounced in the same month, sent me into a tizzy trying to score big in the markets so I could afford to do something drastic about that situation. Which caused me to double-down ($75,000) on an irrational premature short bet on China lead by newsletter writer Graham Summers. I wasn't doing research (unless you consider getting hoodwinked by a newsletter writer research), I was acting on my desires of what I wanted to happen. I actually observed Martin Armstrong be correct on everything Summers and others were wrong on and that piqued my interest. The more I studied with a skeptical attitude, the more rational it became. So yeah I decided not to speculate because I made a lot of money in my life programming and creating. And lost most of it speculating, even though I had many correct predictions. I think it is important to recognize my strengths and weaknesses. To trade silver you do not need a dealer do you. |
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Wow! You must be a billionaire!
And your point is? Either my predictions were correct or they weren't. Did you have a point? Do you think I would be as objective if I was invested. Use your brain please (ego butthurt shit doesn't help a person be rational). A person who can predict the future with enough certainty (even if he/she is not 100 % right) can accumulate a significiant wealth with a few trades only. Let's say, a person predicted silver to rise from 10 usd to 48 usd, you made 4.8 times your money. Then predicting (and shorting) btc all the way down from 1000 usd to 200 usd you made 5 times your money (minus the cost of shorting), then buying XMR for 20 cents each when btc was at the bottom and you closed the short in btc and then selling XMR at 1.65 you made 8 times your money.... Even if you started this type of trading with only 1000 usd you would have ended up being pretty well ROI (from 1 k to around 200 k). |
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