Do you guys think it is possible XMR rises to 2000 usd or do we need to waite until 2017 to that event?
Is that a tricky question? If something is not possible, then any timeline is insufficient. You are asking if we can achieve 1000x inside of 9 months? Something is only impossible until it isn't, but I would classify that outcome as unlikely in the extreme. Let's stop and look around at $20, see what can be seen from there, first  Yes I admit my question was a bit provocative. However, all it takes is a couple rich whales without scarcity mindset (scarcity mindset = "I will limit my holdings only to 3 million Moneros"). Not many such whales cannot swim in the same pool for long time. |
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Do you guys think it is possible XMR rises to 2000 usd or do we need to waite until 2017 to that event?
Is that a tricky question? If something is not possible, then any timeline is insufficient. I do not see any reason why XMR could not go there. Btc failed because of many issues, among other things Gox brought bad publicity, Ross Ulbricht case made people aware of the fact BTC is not actually private. Also several smaller stuff brought btc down... |
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Do you guys think it is possible XMR rises to 2000 usd or do we need to waite until 2017 to that event?
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Not just you, everyone kept doing that. Hehe.
I said, "if it goes down much further you might not be hearing from me again, lol". That was a joke about my bad play I made while drunk and stoned and bored at family's. I don't normally use margin.
Then it went up to 370 and I fixed the situation. Then it went back down and I started complaining about the bear whale, as were other people. Apparently some folks get butthurt when you insult their pet whale.
Now I'm just waiting for support to disappear and a big red candle to shoot down to 321 as the manipulators try to force the head and shoulders. The market just feels too manipulated. And yes, I know most of them are.
You are the guy who borrowed recently some coins from me?  |
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The price uis rising and nobody cares.   Why should we care? Most of us are in Monero for the long term and only care about development progress and increasing usage of Monero as a currency. For me the only good thing (short term) about an increasing price is if that increase encourages more businesses to consider accepting Monero or makes more potential users aware of it. The price rise is a good thing for Monero from many perspectives: 1) As you said, more businesses get interested 2) When a whale needs to buy some expensive drink he doesn't need to crash the price in doing so (only a small number of coins spent will buy anything) 3) Increasing price encourages adoption - better than any advertisements on television or newspapers 4) The development will become more rewarding, thus hurrying things up. 5) No more whining on threads as nobody is underwater (I have not been underwater for loong time) Perhaps you can come up even more arguments why increasing price trend (bull market) is better than bear market (which is the problem with fiat money in form of inflation). |
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The price uis rising and nobody cares. |
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What % you sell depends on your risk tolerance and initial investment. For example perhaps you sell 50% after the price doubles, then you'll have your money back and hold half of your current moneroj. I think a good way to go about it is to decide on the amount of XMR you want to own long term and then buy more, perhaps 2x what you want to own. Then you diversify as the price goes up until you have sold the exceeds, recovered your initial investment and still hold your preferred long term position.  That part is easy enough. Every time I try, the bar just raises with my buys though, and I never amass more than I want to hodl. Not sure where this ends. nioc's defective sell button seems to have infected my system. Perhaps I can free it up by buying more. I should just buy on margin, then I have to sell eventually  TheKoziTwo, thank you very much for your posts. Always great perspective. I don't have the means to take this advice of yours. I have built my Monero house brick by brick over the last 2 years partly by being more frugal than TC. I have had some rough financial times. Yet when somebody asks, "how are you?" I respond, "never better" because it's true. Happy Thanksgiving. https://www.youtube.com/watch?v=rYeWnbmFUhQYou know, what I find very sad is to hear the stories of the guys who was around here back in 2010-2012 but never seized the opportunity that was there, right in front of them. One of the best opportunities in the history of mankind. Maybe it was their nagging wife that didn't want to skip a night out in town to put a couple of hundred bucks into a silly internet money project. Maybe they had a few friends who talked them out of it. Maybe they thought it was too much work to sign up on the exchange and transfer money to a weird foreign bank. Maybe they just wanted a cool car or a new couch. Whatever the reason, they let the opportunity pass them by, and when it comes to those who really believed in bitcoin, but still let other people convince them not to buy, I find that a bit heart crushing. When you're really excited about something, you tell people, and they naysay the shit out of you. It can be hard to stay focused and motivated. There's a quote I like, by Garret Burgwardt. I haven't been blessed. It was through my foresight that I saw bitcoin for how valuable it was. No man helped me along, and many discouraged me.It's not about how much you have, it's about using what you have. Think about it. Those people back in 2010-2011 could have put a $100 bucks in and held, but they didn't. They didn't need much. They just had to not let go of their dream. What you are doing. What AP is doing. I'm a big fan of such strategy. Living a few years of your life like most people won't, so that you can live the rest of your life like most people can't. That's more than putting that $100 bucks in. That's real determination. Passion. Back in 2012 after the bubble to $31. I was quite frankly piss poor back then. But after that bubble I had an epiphany: "Trying to trade myself more bitcoin is foolish. This could very well be the greatest bull-market in human history and here I'm trying to time the market for pennies?" After that day I was a changed man. I only bought bitcoin, never traded, and I kept buying all the way down. I quadrupled my investment during that period. It wasn't a lot, and it was all I had. But man, am I glad I never gave up that dream. Your story reminds me the story of Warz. Perhaps you are Warz? |
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In other news, I think my comments earlier were misconstrued. Monero is literally the best money on the planet. So any other financial moves you do, wherein you hope to profit, should ideally end up with you holding more Monero than you did before. You could try to use your financial moves to acquire more USD or Bitcoin, but these are inferior forms of money. The fact that XMR is not especially popular yet doesn't detract from its superiority.
The goal of any financial game is to gain more money, and make moves that allow you to gain more money than you had before. This is why I said every move needs to be calculated in how it could impact your Monero holdings - up until a reasonable individual limit of 200k to 400k Monero, more is always better (especially at these early stages). At this point is seems silly to try to chase more USD; I prefer to chase assets with more growth potential.
It may very well be that Monero is the best money on the planet right now (technologically), but at one point Bitcoin was the best money on the planet. Perhaps a year from now something else will be the best money on the planet. While I won't say that Monero is a bad investment right now, I would be cautious about having as my only goal to own more monero than I did before. In fact if you bought in heavily around 0.001-0.002 it would probably be a good idea to take some profit along the way and not necessarily aim to own more monero but to get your initial investment back, and perhaps a little profit. That way you'll be better suited to invest in whatever happens to be the best money next week while also holding a stake in monero in case it turns out to be the long term winner. I can only speak for myself, but I bought in heavily all the way down to 0.001 and has diversified during this recent uptrend. All the monero I own at this point is almost pure profit, which means that I can ride any further price increase or decrease while knowing that regardless of outcome I won't lose my initial investment. The additional benefit is to have those funds available for other investment that may come around. What % you sell depends on your risk tolerance and initial investment. For example perhaps you sell 50% after the price doubles, then you'll have your money back and hold half of your current moneroj. I think a good way to go about it is to decide on the amount of XMR you want to own long term and then buy more, perhaps 2x what you want to own. Then you diversify as the price goes up until you have sold the exceeds, recovered your initial investment and still hold your preferred long term position. The real question is if Monero is good enough money to be the ultimate store of wealth. Always the best money will not grow big. For instance, almost any altcoin is better than btc (even LTC - the transaction confirmations are faster) but they are not good enough to replace btc. Therefore, the coin that will replace Darkflarb as the ultimate coin has to be substantially better than XDF. In case Darkflarb becoming the ultimate coin it means you will be earning your salary in XDF and therefore all the other projects are considered as investment (such as ETH or even BTC) with the goal of reaping larger share of XDF. A post from today from The MEW Thread What is the current situation, on this pretty important topic? Are there people actively working (structured and systematic?) on - solving known issues,
- developing knowledge & insight - to be able to give qualified suggestions and recommendation on the important decisions
- or helping by coordinating & organizing our efforts and activities
on all the upcoming questions, that are related to the huge challenge of developing a self-sustaining, healthy and active ecosystem and economy. This will be a very, very hard work and involve very complex decision problems. (A task all altcoins failed and Bitcoin still struggles with.) And given the environment, our deviation from the crypto-currency mainstream, the great once in a lifetime opportunity during the next months of becoming a/the leading privacy-related cryptocurrency (by winning and binding users, partners and support) and naturally growing the project with (the classic) network effect, the huge history of failed P2P- or crypto (currency)-projects and other basic (project) management-related finding/observations: it is safe to say: we only have one chance at growing the community. It is something, that will have a huge impact on Moneros future and existence. We really need good preparation, stamina, a mindset, culture & true conviction inside the community, that Monero can only succeed, if everybody helps, contributes and truly supports the idea of developing of the eco-system and economy, that is needed for the payment-system as (decentralized) P2P-network to exist & operate efficient and reaching a big enough user-base and acceptance-level, so the vision and ideas behind the project become reality. And the intended benefits & purposed improvements (based on the coins features and characteristics) will for the first time ever available to use and benefit from. (Which will push demand, trust, image of the project and prove it's concept, use cases, significance and justifys it's necessity.) - help with legal, long-term Monero e-business - write a list of companies/business contacts over the next weeks, that you could ask for acceptance (write maybe 10 names and think about their potential use cases, then contact 2 or 3 of them, around the 1.0 release) - we need legal, business cases that cant be realized without Monero - help newbies, be friendly and open - don't invest in stupid scams (that pop up, when a coin gains momentum, if u really, really cant help yourself ask someone knowledgeable inside the community about the person) - tell traders, haters or misinformed persons to GTFO with their complaints/comments about price development, market cap, the next mega great ICO in 2 days - clearly state in discussions that Monero is not about getting rich-quick or making early adopters happy - tell people asking about price estimations and potential pumps, that they are looking at the wrong coin and the chance is low - tell people not to buy Monero to have capital gains on investments (this just creates an unhealthy environment/estimations/feelings), better tell them, if they like the project they should support in any possible way by contributing and if they really want to buy they should research themselves for 1 or 2 months, look at other things, if they still have to much money they can buy like x00$) - talk and represent Monero as free, open alternative solution, it's a friendly offering complement to Bitcoin (not competitor and different feature-set, different use cases), emphasize the different code base) - try to build business cases, infrastructure and services, that doesn't depend on external third-parties like payment providers (Bitpay etc.), its worth the effort und much better long-term, don't wait with bigger projects/ideas, because there is no payment-provider and its to risky/inconvenient this way, do other smaller projects/services instead, we cant relay on payment providers like Bitcoin does (they are create dependencies and centralization, KML/KYC bullshit, they charge expensive fees, they dont share our vision or care about our motivation project, another big problem: they will make the supported coins exchangeable and equal, by offering the same standard featureset like Bitcoin, so Monero would be just another arbitrary coin without most of its real benefits and features, making its usage useless for customers and merchants) - i think we should friendly apply for addition in privacy-related linux distros like: Tails, Qubes, Kali, Backbox, BlackArch, etc. - as a P2P-network, I think it is a very good idea to have partnerships with other P2P-networks to support each other and run the other service on ones own host (we could ask people/projects running nodes in TOR like Torservers.net, globaleaks.org, JohnDoe-network, Freenet, owner of Tor2Web-nodes, bitmessage, OpenBazaar etc. - have understanding and (some) acceptance for normal people outside cryptocurrency scene, who are today doubting all cryptocurrencys and their benefits fully (they may be Monero users in 5 years later) - from my POV it's a waste of time to discuss with stubborn & self-opinionated people about Cryptocurrency, Bitcoin or Monero, let them talk and smile IHMO - stay open-minded and informed there are a lot of other new P2P-, Encryption-, OpSec-, Crypto-, Privacy-related projects (on the internet), that are worth checking out (there is trully a real world outside the cryptocurrency scene, heh) Sorry for bad english and structure and redundancy, because I sadly have no time to readup everything that happens with Monero. The post was long as heck but very good in the sense of getting more real world use cases for Darkflarb. I agree that there need to be real world use cases in order to succeed.. And innovations/innovative people need to be encouraged. However I see one of them to be simply a store of value (which XMR has to be in the first place so that people even are willing to put a dime on it, it is basically one pretty primitive fundament of being money). Apparently Monero is not get quick scheme, it is almost 2 years old and as far as I know nobody has got rich with XMR (unless invested tons of money when we were at 20 cent each over 1 year ago - I doubt anyone did it). Even we have people in this thread writing that they are still underwater with their Monero purchases (those who bought around 0.005 or higher in summer 2014, if I am not mistaken, africanos in Polo bought initially in pretty heavily at high 0.005's, correct me if I am wrong). |
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Everyone and their mother (and probably their grandma too) knows XMR is going to at LEAST 500k in the near term. There is NO WAY this rise is comparable to last year's. There is NO WAY it will peak at the same level (for reasons others have pointed out such as volume and slope, but also fundamentals). 500k is just the near term stop, but it will happen. 8-10 days.
I am a Monero perma-bull, no doubt. Nevertheless when everyone and their mother knows something, I start to get worried. I would not in this case. XMR is meant to be used by elderly people as well as younger generation. I would be more worried if they were not active users of Darkflarb after x years. Sure the growth of purchasing power is going to slow down but as there will be Monero-greedy people who are willing to work hard for Moneros, the purchasing power of Darkflarb will keep on rising. Therefore, the more there are greed to get more XDF, the higher chances there are. There is not that much greed among piggycoin community to hoard more piggy coins, that's why not many value it. |
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Everyone and their mother (and probably their grandma too) knows XMR is going to at LEAST 500k in the near term. There is NO WAY this rise is comparable to last year's. There is NO WAY it will peak at the same level (for reasons others have pointed out such as volume and slope, but also fundamentals). 500k is just the near term stop, but it will happen. 8-10 days.
As it has stated earlier in this thread the biggest resistance is on the way to 0.004-0.0045 levels as many of the bagholders are desperate to break even. Once they have been shaken out at current levels, it is speculated the rise is smoothier since the permabulls are the only bagholders. And this bull-community will not sell their coins but rather think how they can diversify into other assets. It has been told us by Risto earlier that we should sell a part of our stash at 2 usd each... Personally I refuse doing this. Even 20 usd is too little for me. Some diversification (or "redistribution of coins") might take place once the price hits 200+ usd each. But also at that point there are takers as well and the choir in the trollboxes are praising and singing happy songs about XMR and her bright future. |
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Ok, seriously... is he really trying to sell those orders at 400k and 409k? I'm truly curious.
It might be Aminorex giving markets. |
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In other news, I think my comments earlier were misconstrued. Monero is literally the best money on the planet. So any other financial moves you do, wherein you hope to profit, should ideally end up with you holding more Monero than you did before. You could try to use your financial moves to acquire more USD or Bitcoin, but these are inferior forms of money. The fact that XMR is not especially popular yet doesn't detract from its superiority.
The goal of any financial game is to gain more money, and make moves that allow you to gain more money than you had before. This is why I said every move needs to be calculated in how it could impact your Monero holdings - up until a reasonable individual limit of 200k to 400k Monero, more is always better (especially at these early stages). At this point is seems silly to try to chase more USD; I prefer to chase assets with more growth potential.
It may very well be that Monero is the best money on the planet right now (technologically), but at one point Bitcoin was the best money on the planet. Perhaps a year from now something else will be the best money on the planet. While I won't say that Monero is a bad investment right now, I would be cautious about having as my only goal to own more monero than I did before. In fact if you bought in heavily around 0.001-0.002 it would probably be a good idea to take some profit along the way and not necessarily aim to own more monero but to get your initial investment back, and perhaps a little profit. That way you'll be better suited to invest in whatever happens to be the best money next week while also holding a stake in monero in case it turns out to be the long term winner. I can only speak for myself, but I bought in heavily all the way down to 0.001 and has diversified during this recent uptrend. All the monero I own at this point is almost pure profit, which means that I can ride any further price increase or decrease while knowing that regardless of outcome I won't lose my initial investment. The additional benefit is to have those funds available for other investment that may come around. What % you sell depends on your risk tolerance and initial investment. For example perhaps you sell 50% after the price doubles, then you'll have your money back and hold half of your current moneroj. I think a good way to go about it is to decide on the amount of XMR you want to own long term and then buy more, perhaps 2x what you want to own. Then you diversify as the price goes up until you have sold the exceeds, recovered your initial investment and still hold your preferred long term position. The real question is if Monero is good enough money to be the ultimate store of wealth. Always the best money will not grow big. For instance, almost any altcoin is better than btc (even LTC - the transaction confirmations are faster) but they are not good enough to replace btc. Therefore, the coin that will replace Darkflarb as the ultimate coin has to be substantially better than XDF. In case Darkflarb becoming the ultimate coin it means you will be earning your salary in XDF and therefore all the other projects are considered as investment (such as ETH or even BTC) with the goal of reaping larger share of XDF. |
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I was born into the worst poverty America has to offer, a shabby trailer park and government food handouts. Through good decisions, I've crawled my way up to middle class in my adult life. Now crypto will allow me to take the next step and become wealthy. It's a shame I don't already have a few hundred thousand USD to put into Monero (I would if I could), but I'm quite proud I have been shoving all the money I could into it for over a year now. (including that 30% APR loan I took a year ago and used it to buy my initial savings with). It might not seem like much to you, but that money represents all my savings and more value than I have ever held. I don't think there's a better asset in the world for it to be in, either. It's rare that you find something so profitable that has the power to make the world a radically better place. I may not have been given very many math perks, but I decidedly have the gift of gab. I think it's probably fortunate my energies have been directed at an actual worthwhile asset, vs allowing them to fire randomly into shell alts and premine scams. I appreciate you a lot. Taking risk at times when it looked like XMR community had near death experience (coin price 0.001 each) and hardly anybody commenting here and hyping. Often bets like these will not pay but when the pay you off they pay big time. Monero has quite good odds IMO. The only thing basically XMR is lacking is marketing team, but I guess once the price starts rising (yes, the price has not even started rising, it is around the same as it was when I purchased my first coins back in early June-August 2014). Risto told us Monero will be trading between 0.002-0.004 range. I find this being quite accurate price range. It is hard to predict the future so there has to be some forgiveness for predictions like this (after all, the periods at sub 0.002 has been less than 2 years so it is nothing). BTW 30 % pa sounds quite interest to loan money.. It is like 10 times higher than I would pay. One way to cut interest payments is to refinance the loan with a collateral (perhaps a car, appartment, real estate etc). If there would be a way to do a collateralized loan overseas I for instance could lend you the amount for 10 % interest pa with a sufficient collateral. |
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Last I knew this was one of very few dead/maintenance Polo coins.
Any news?
It's up 2000%. Dammnn. FOMO FOMO!! |
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The penultimate goal of these games is simply to acquire more Monero\
What evidence do you have that the marginal utility of (acquiring moare) Monero is constant and the opportunity cost is negative for every possible situation and pre-existing holding. If your end goal of riding any 'pump' or trading isn't to acquire more precious XMR, you didn't read the instructions in the box properly.
You must have an extremely boring and sheltered life. Is this seriously what you really think Or just some cigar-smoking bravado to match what you think are the cues of a confidant magnate. Just like in real life, you have to use context clues and behavior to tell how wealthy someone is
I need to stay out this thread, lest I will start to hate Monero again. The technology and development on Monero is factually one of the best in the altcoin space, but the whales in the coin make me want to puke. Americanpegasus isn't a whale. He's essentially the "one direction" of the XMR world in the sense that he commands a few noobs with questionable intelligence. 20,000 XMR isn't whale material.At the moment perhaps that is not qualified as being a whale (after all it is merely 30 000 usd which is quite small amount of money IMO). However, once XMR hits 1 000 000 usd/XMR that is a significiant stack of money. |
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I do not know about you guys but personally I have years and years time to waite. Especially I am looking for legitimate and safe ways to collect passive income in Monero form as I think XDF is the ultimate store of big wealth.
That's agreed TC. I sometimes watch the shell tickers pump, and jealously watch them make 100% in a day, but these are just money-generation schemes. The penultimate goal of these games is simply to acquire more Monero, so I believe I will be happy beating them to the punch and simply acquiring it to begin with. There's a reason Polo has an XMR market - one day there will be enough volume on that market to sustain the price pairs, and people will (I'm hoping) be able to margin long other coins by borrowing others XMR. People play money games to get more money, and Monero is that money. If your end goal of riding any 'pump' or trading isn't to acquire more precious XMR, you didn't read the instructions in the box properly.
I actually acted like this. One of my tenants who pays regularly 1 week earlier paid the rent on Thursday. I instantly purchased some bitcoins which I channeled towards Monero. I was nibbling a little bit more fiat money into XMR. I encourage also others who might feel they might like also passive income, to acquire some assets that brings it and set a part of that passive income into Darkflarb. In that way, you are feeling probably better to buy XMR at any price since passive income is kinda "free money" (ie. you need to work very little for the money after the cashcow has been acquired). |
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Please can any whale dump us below 300k and send CrowdWhale crying back to forex
I bet he is using reverse psychology: He has open short position. He plays to be annoying guy and sets threaths. If he gets people annoyed enough and dump he can run out from here a stash of cash from the hands of the community. We saw this before in the /r/moneromarkets subreddit where a loud mouth came in and started crying loudly about how he would get liquidated at 250k and how could the DarkFlarb community do this to him: https://www.reddit.com/r/moneromarkets/comments/4ay9k4/i_get_margin_called_at_254ksomeone_help_now/. I would bet this is a sequel of the same tactic. In which case, the best thing to do is ignore him and keep buying all available DarkFlarb. Did not see this as I am not a constant reader/follower of reddit. The traders know the only way to push darkflarb down is to convince the bagholders to sell (the emission is not able to put any downward pressure on DarkFlarb since it is getting squeezed down so the only source to get any meaningful amount of coins are the bagholders releasing some from their treasure chest). I do not know about you guys but personally I have years and years time to waite. Especially I am looking for legitimate and safe ways to collect passive income in Monero form as I think XDF is the ultimate store of big wealth. |
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Please can any whale dump us below 300k and send CrowdWhale crying back to forex
I bet he is using reverse psychology: He has open short position. He plays to be annoying guy and sets threaths. If he gets people annoyed enough and dump he can run out from here a stash of cash from the hands of the community. How would you ever come up with such a devious idea? The traders are sharks: they need to attack to the meat in one way or another. Otherwise they will starve. |
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Please can any whale dump us below 300k and send CrowdWhale crying back to forex
I bet he is using reverse psychology: He has open short position. He plays to be annoying guy and sets threaths. If he gets people annoyed enough and dump he can run out from here a stash of cash from the hands of the community. |
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No, I said if it goes much lower. Don't try to turn it into a petty threat. It's not a threat because no one gives a shit if I'm in or out. I'm just trying to point out that this sort of thing is a real turnoff to real, full time traders, and that liquidity and volume are going to sink back into the abyss once people get sick of it.
And if there are people with so much money in here, why aren't there matching walls to foil the manipulation? Why... because you're probably the ones doing it.
I think overall the low volatility turns traders off XMR. XMR tend not to move much. |
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