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1621  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 14, 2015, 03:10:49 PM
in 3-4 weeks time a cup (from cup n handle) pattern has emerged which will (at the end of october) result a violent lift off into the 80's as the market tries to figure out the correct value/price of a moneroj.

/quasimodo

I agree that there will be a violent  break up around the corner. The front running makes it sure actually that it is going to happen soon. I prepared today by buying over 8 k more Moneros and later in the evening I am going to buy some more unless you guys have not acted before me.
1622  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 14, 2015, 01:45:20 PM

There has been risen an argument of the high inflation of Monero recently.
I disagree. It is getting now pretty low and ready for mainstream adaption from that perspective. By mainstream I mean people outside of crypto, not necessarily the whole world (which is most likely to happen for the crypto currencies in general, but that's years from now as the digitalization goes even further).
Long term definetely Monero is a good buy. There will be for sure people who are concerned on the privacy of their wealth. Money confiscations by the banksters will help Monero definetely. Also it is just a matter of time (and perhaps ready GUI wallet that enables the adaption).

For short term thinkers - Monero is a good buy-probably by the end of the year (which happens to be in just a few months) Monero can realistically reach new ATH at least bitcoin wise (it takes "only 5-6 times" growth).
For the longer term, the picture is even better.
1623  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 12, 2015, 08:49:28 PM
Looks like the funding of Monero development is not an issue.
I think this is a good news.
Looks like we might be able to fund even more talented developers - I hope some will see this and make a project that is a game changer.
In my opinion, one such could be a fiat exchange that is trading Monero-fiat-monero and no other alt coins not to mention bitcoin.
That's a major project and due to regulation issues it is probably an expensive venture and needs a lot of funding.

When there is a good fiat-Monero exchange with liquidity, then it is pretty easy to build merchant tools upon that as it is possible to clear the Moneros back to fiat.

Which country would be ideal for such venture when it comes to regulations (ie which country has the lowest risks of regulation)?

The other point is to create a marketing plan that is effective and attracts new users who are willing to trade anonymously.
1624  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 12, 2015, 05:50:37 PM
As long as we don't break that uptrend line at 190k-191k, I am not worried.

Do you get worried if we break it?  Roll Eyes

The problem is if Monero starts to losing more investors due to bear market.
I do not consider it a good idea to dump it into bearish trend.
I am not planning to sell my position but I am afraid the others might do so and never touch it again.
However, it doesn't make a big difference since the price has been around these lows for quite some time.
1625  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 10, 2015, 12:49:36 PM
The acquisitions of the company of Risto is so invisible that
1) The idea is to buy the last coins when the supply is even narrower
2) There is no buying at all and it was just an attempt to pump Monero and increase the awareness of the community
3) The most of the coins that are meant to buy are actually bought already and the company is running out of bitcoins
4) Something else?

Many tend to think about the first option (including me), but also the other points have some probability.

Next year it is expected to be a breakthrough year when it comes to the price of Monero. It is possible to have the breakthrough later years also but so many are expecting 2016 being the year of Monero that if it will not perform, it might decrease the interest of the coin owners.

Marketcapwise Monero starts to be easier to pump, however the weakness for the pump is that Monero is (probably) too diversified. Ideally a coin has a few big whales that own the most of the coins. Then with smaller amounts of bitcoins it is possible to drive the marketcap high enough to be remarkable.
On the other hand, if the whole community decides to increase their Monero acquisitations by some amount on daily basis we for sure have a pump - and those who sell too early will regret so there is no point in selling (at least any meaningful amounts - the sellers will be bailed out and the price continues rising pattern).

When the emission is getting tighter it is important (if marketcap is wanted to increase) to get extra buying pressure for the coin (from current holders or from noobs adapting XMR). That creates a situation where supply < demand and the marketcap rises. There is no other way to increase the marketcap than pouring out money into the coin.
1626  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 09, 2015, 09:39:08 PM
Monero needs now to go up if it is worth to continue the project.
The price is so low that it basically still indicates the project is going to fail.

I remember the same feeling when we were just below 0.001 BTC
This indicates to me that we are either at a local bottom, or on the edge of the cliff

My bets are that we are on the former, fasten your seatbelts Wink

Yes if my feelings (= tea leafs) are any indication, we are at the bottom that probably never will come back. I am so depressed on the price action.  Grin
However, my fear is, it is not a bottom and there is going to be downward pressure from here due to the lack of buyers.
There are rumours that there is a company that buys Moneros but nobody sees any actions that indicates such behavior.
I know the fiat exchanges are not something you create overnight but it was expected that in the summer 2015 there would be a fiat-XMR-fiat exchange. I am not aware if we have it (now it is autumn already). I hope those projects are legitimate and actually delivering (at least one of them and dedicating to XMR), Chinese markets were supposed to open, but nothing seems to happen from that direction. BTC38 did not accept Monero?

Do not get me wrong, I am not bearish but there are pretty many things that are halfway. I hope at least one of each kind of projects will realize (Monero doesn't need dozens of fiat exchanges - only one good and Monero-dedicated one), merchant tools after the fiat exchange (or prefertably integrated to the exchange - should be easy to do when you have liquid fiat exchange), China needs a reliable exchange adaption and gateway to Monero - there are tons of stupid money that can drive the price up several orders of magnitude as Chinese speculators like gambling in the markets.
1627  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 09, 2015, 11:58:35 AM
Monero needs now to go up if it is worth to continue the project.
The price is so low that it basically still indicates the project is going to fail.
The factor that brings Monero to rising trend is the supply and demand.
The supply is getting tighter and tighter all the time. If it is not possible to get any meaningful rise nowdays, it will probably not do it at all.
50 % of coins are mined and stored somewhere and the additional 50 % are to be mined in the future (again ignoring the tail emission).
The fact that Monero is still so low is actually quite bad thing: it means there are not enough competition to buy the coins from the markets and that's why the price is low. When 9 million bitcoins were mined, the price used to be higher than the current Monero price. Even if Monero costs 10 usd each, it means the daily emission costs only 126 000 usd/day. It is not a big amount of money is it?
1628  Alternate cryptocurrencies / Altcoin Discussion / Re: ion discussion on: September 09, 2015, 07:43:55 AM
The name is okay.
At least it is better than Vanillacoin's name.
The name sounds neutral and it doesn't refer to money so I assume it is not a coin? Is it Etherium type of platform or what is it?
Please explain what is Ion like I am 5 years old.  Grin
1629  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 05, 2015, 10:41:35 PM
Halftime is kind of a milestone.
Soon we will see if Monero will get any meaningful valuation or not.
Soon there is no excuses such as "the emission is too high for any higher price". Emission is not going to be high anymore and if the market cap will not start rising during the coming 1 year, it probably will not rise ever. There will be no momentum and then the scenario which is going to happen most likely will happen and the coin start to decline little by little as the "long time holders" start to empty their plastic bags from coins.
There is not much time for excuses anymore. Until these days we have been able to argue that the emission is high - in my opinion it is not that high anymore and especially as there will be only 100 % more coins to be mined (again, excluded the tail emission),
1630  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 04, 2015, 12:16:47 PM
Quote

Monero needs the whole ecosystem to become succesful, and there will be point to create such if the market capitalzation is somewhat remarkable. I am sure there will be entrepreneurs willing to do it if they see it worthwhile taking the risk.

What level of market captialization would be good for that?

The minimum you we probably start to see startups investing into Monero ecosystem is 100 millions of usd market capitalization.
The market capitalization of bitcoin is 3-4 billion (depending on the mood of bitcoin holders) usd but they started to build it when bitcoin was trading in hunreds of millions.
1631  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 04, 2015, 11:16:17 AM
I don't know what you are awaiting to happen with Monero... It already fulfills my demands for it: it is a private and uncensorable store of value, and it can be exchanged either privately or in Poloniex with rather small difficulty to other vehicles.

It IS working. With Crypto Kingdom, it will gain more transactions, but that does not mean that the capability wasn't there already.

On my behalf, I am as a speculator expecting the purchasing power to increase with Monero.
Anonymous transactions can be made also with euros or dollars if you are willing to hold and use cash.
For storing value it is required the price is stable or rather rise little by little over time (not too much to encourage excessive dumpings but also not too little to discourage the hoarding).
Against bitcoin Monero has been stable, so the bigger problem here is the price of bitcoin.
As it is obvious for many, bitcoin is not going to shoot to 1000 usd probably never again, Monero needs to be stabilized or prefertably rising against dollars or euros to attract new people holding it (the holders create the value for any coin).

Crypto Kingdom is probably the only real application one can use Moneros and the reality is the majority of people in the world will not use it (the same thing: Angry Birds are not used by the majority of World's population despite the fact that the majority of world's population probably has heared or enountered it somehow). That is, a game can be a success even though the minority of 7 billion people will use it (I call it semi-success if 100 000 Monero-paying people use it and a Jackpot if 1 000 000 or more users are achieved - still both figures are only a fraction of the population).

Monero needs the whole ecosystem to become succesful, and there will be point to create such if the market capitalzation is somewhat remarkable. I am sure there will be entrepreneurs willing to do it if they see it worthwhile taking the risk.
1632  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: September 03, 2015, 07:28:32 AM
I aim to make a more complete writeup of this in the future, but the tl;dr of it will be: the dollar ascended to world reserve currency because (through a variety of means) oil had to be priced in dollars.  Oil was the dominant form of energy on our planet for a long time, and so the rest was just dominos.      
  
I think that many of us realize that the coming decades will mark a transformation into an information and knowledge age where energy, materials, and labor (through robotics) are all increasingly cheap/free.  Therefore only information and status will be valuable.  
  
We need to cultivate a future where all data, be it virtual items for your Oculus house, online classes, data security, music and movies, games, and schematics for 3D printable items are all priced in Monero.  
  
If we ensure this, the economy will naturally emerge and the dominos will fall into our desired positions.

Yes Monero needs real world use.
Currently it is a token traded back and forth on Poloniex so there are some work to be done still.

However, if we manage to get a network effect it is possible Monero will attract entrepreneurs who create some use for Monero. However at current state of only a few million marketcap basically nobody but a speculator is interested in Monero.
1633  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 29, 2015, 03:58:08 PM
With current emission the daily coins costs only a few thousands of dollars (around 7 000 usd - I know pathetic)).
It is funny the markets are not able to rise to higher level.
There need to be some incentive to actually hold and buy Moneros.

1634  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 27, 2015, 07:51:21 PM
The governaments have seen how poorly Bitcoin protects privacy, now they let Darknet markets grow big again, letting people think they are safe, then boom big crackdown, just wait.

I think you are underestimating the privacy of Bitcoin and overestimate how competent government is.

I have seen enough evidence thats the other way around, the governments are not dumb, they have time on their side and the judge of the silkroad case said Bitcoin traceability was vital in the process. I despise drugs and its culture but I know an orwellian tool when I see one.

I agree. Governement is not dumb.
If they see it interesting enough to break a trading market, they will do it.
Sure it takes time as you need to do the research to spot the weakneses but generally governements have enough resources to perform even bigger tasks. After all, they have tax payers money which they can spend on hiring the best and smartest people to work for them if they have enough incentive to do so.
1635  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 27, 2015, 07:48:53 PM
As soon as you tell your public adress your transactions are, well, public information.

Monero offers enough privacy for users, and most of us want to have our privacy especially with the majroity of money. Some smaller amounts - who cares if they are private or not.
1636  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 26, 2015, 01:05:03 PM
From the last time I checked the price, Monero has gone cheaper than ever. This could be a great opportunity to grow my stack of XMR even more  Roll Eyes
 
 
50 cent Monero today is cheaper than 50 cent Monero last month. 
 
And yes, if it goes to 25 cents I will begin looking up kidney/XMR conversion rates.

I actually am saving my XMR to buy a kidney. But i will not need it so fast. Well, at least hope so.

Sounds like we have one more merchant finding customers in Monerosphere.
Pegasus is selling his kidney and Febo wants to buy it possibly from Pegasus.  Grin
1637  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 25, 2015, 07:47:55 PM
I succeeded to scoop some xmr also today at 0.002075. I do not regret it.  Grin

And now I am just hoping it goes even lower so that I am able to buy some more even cheaper coins (am I driven by the greed?).  Roll Eyes
1638  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 25, 2015, 05:34:34 AM
I think soon it will not be that hard to overtake bitcoin's market capitalization.
Bitcoin is falling like a rock and in my opinion, will not go up from here. I think we will see some downlegs before the markets calm down in order to start a new down leg.  Grin

Monero, on the other hand,  is a bargain and I am not convinced there will not be any individual with higher risk appetite who would not start buying some major amounts of Moneros (and I am not speaking about 100 000 XMR or so which represents only a little over 1 week's emission). I am speaking here a bet of a million(s) usd from VC type of investors.
1639  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 24, 2015, 06:37:30 PM
I am becoming more and more convinced bitcoin will not make any new ATH.
I think the bear market is too rough and it certainly discourages any new investors to adapt it.
It is just a matter of months when BTC is trading around 100 usd (in my opinion - I might be wrong also - but certainly at least it has some probability to occur).
There is very little to no incentive for anyone buying bitcoins. There is pretty much nothing in sight that could potentially increase the demand for bitcoins.

That's our chance. It is important the community start measuring moneros in fiat terms, not in bitcoin terms (otherwise Monero will die together with bitcoin).

Why do you think that if bitcoin dies in this stage, Monero would have any chance to survive? Of course there is a thing like the second-mover advantage, and Monero is superior to Bitcoin in many aspects, but I don't think that would be enough.

I might not have said it clear enough. I said, if we measure Monero in bitcoins it will die also with bitcoin.
When bitcoin hits 5 usd/btc, it means Monero is trading between 0.01-0.02 usd/each.
If we start measuring and thinking Moneros in terms of fiat, I doubt those prices will not realize as people are willing to buy Moneros even for 1 btc each in this scenario.
1640  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 24, 2015, 06:01:47 PM
I am becoming more and more convinced bitcoin will not make any new ATH.
I think the bear market is too rough and it certainly discourages any new investors to adapt it.
It is just a matter of months when BTC is trading around 100 usd (in my opinion - I might be wrong also - but certainly at least it has some probability to occur).
There is very little to no incentive for anyone buying bitcoins. There is pretty much nothing in sight that could potentially increase the demand for bitcoins.

That's our chance. It is important the community start measuring moneros in fiat terms, not in bitcoin terms (otherwise Monero will die together with bitcoin).
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