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1641  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 23, 2015, 05:15:25 AM
oh oh this dosent look very good at the moment Undecided
seems like we are going to see sub 0.0023 soon

I agree.
Dump it, but please waite until my btc loan expires so I am able to roll in the bids initial lent btc capital + earned interest.  Roll Eyes
1642  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 22, 2015, 10:01:23 PM

 
I'm still not sold that disinflation is better than regular ol' inflation (ala 1% / 2% in perpetuity) but it serves as a useful tool to replace lost coins and keep the total float in the tens of millions.

It is pretty clear that from the point of view of economics, ongoing deflation is bad. This is pretty simple to prove also.
After highly inflationary period it might be healthy to have a (short) period of deflation but overall inflation is better than deflation.
1643  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 22, 2015, 08:16:32 PM
Quote from: kenji
everyone that buys monero above 0.002 is a fucking damn idiot

I don't even look at the price much these days.  I check it every few days and think, "Huh, that's neat" but don't stress.
 
Buying Monero at any price less than $1 is like getting it for free.  Less than $10 is a great deal in the long term.  And in the really long term, anything less than $100 to $1000 is also cheap.
 
You are literally buying control of a piece of the first private, digital, decentralized ledger in the history of human civilization.  This is no time for me to be worried about scraping satoshis off a purchase price.


I agree each letter in this post.
Despite everything you wrote is pretty much obvious, still the majority ignores it and that is the reason why the majority will not become rich in this. However, I hope the majority will end up at least middle class in this ride.  Smiley
1644  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 20, 2015, 07:07:19 PM
I think one source might be also some hard core bitcoiners starting accumulating Monero.
They are not publishing it to drive the price up but I assume they have realized btc is not going to 1000 usd each any time soon or even never again. Bitcoin was a good investment for those who invested into it in 2011-2012 but not so good anymore.



BTC will definitely reach $1000 usd at some point in the future. The Block Reward halving guarantees it.

You seem so sure.
 
 

I would actually not be surprised if Monero eventually overtook Bitcoin, and possibly another currency even overtook Monero.

I agree with this one.
However, I have been pondering how Monero looks after 150 years? And guess what? Chances are it still survives thanks to tail emission which makes sure there is always someone(s) mining it and processing transactions.
People who critisize Monero always seem to critisize of its large Database which makes it challenging to download into PC if one doesn't trust in the privacy of a webwallet.

That being said, Monero might indeed being replaced by some coin but personally I do not think it will happen any time soon. The new coin should be somehow better than XMR. For me it is hard to imagine what features could that mysterious new coin own.

And I am not personally even surprised by the market reactions. I hope we have OTC markets taking larger buy orders for big bitcoin whales who are in the process of shifting their paradigm.
1645  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 20, 2015, 06:07:33 PM
I think one source might be also some hard core bitcoiners starting accumulating Monero.
They are not publishing it to drive the price up but I assume they have realized btc is not going to 1000 usd each any time soon or even never again. Bitcoin was a good investment for those who invested into it in 2011-2012 but not so good anymore.
1646  Alternate cryptocurrencies / Altcoin Discussion / Re: Easily the biggest opportunity in crypto. on: August 19, 2015, 09:49:36 PM



Vanilla coin is good. Everyone should own some of it.




If the name of a coin is so ridiculous I am not even willing to read further. Now I might miss this "golden opportunity" by ignoring it.
1647  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 19, 2015, 09:47:07 PM
I think fundamentally Eth is not a threath to Monero since Monero and ETH are different concepts. They are different products despite they have something in common (if anything, they both are traded in Poloniex).
The only way I see ETH as a threath to XMR is the fact that ETH sucks so many bitcoins from the lending markets that having a long position in XMR is not that profitable.
Later actually ETH can potentially a good for XMR. As ETH markets settle down at some point, ETH investors will diversify and certainly XMR is one coin that is a valid alternative to add in one's portfolio and then XMR can share some of ETH's liquidity. That's my speculation.  Smiley

Some big bitcoiners might be interested also converting even larger amounts of bitcoins into XMR thanks to possible split of btc network. They need a way to buy bigger amounts of Moneros against the scenario of bitcoin's failure (Monero is an excellent hedge against bitcoin's tech risks such as this block size debate).
I see this ongoing debate a potential threath to bitcoin's network effect. Especially if the worst case scenario happens: the coin splits into two different coins and the community breaks. Then we can pretty much can say good bye to bitcoin's market leadership. The best case scenario is that everybody will accept the new fork and the sun is shining.. However, it doesn't help bitcoin's network effect if the price keeps slowly declining. Nobody wants to lose money forever.
1648  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 19, 2015, 08:43:41 AM
Pretty sure the cats still in the bag on this one.



We really need a solid real USD market before the years out. I'm sure not just talking about releasing a website .. It takes months to establish liquidity and eliminate security bugs.

You are right in this one.
The easiest way to start is to be accepted by some major bitcoin exchange that already has the infrastructure and good enough know-how to maintain it. In other words, a trusted exchange.

It surely helps also if Risto (or anyone else his size of stakeholder - I am not that big despite I have a decent position in XMR accumulated over 1 year now) could open the Monero window for larger bitcoin holders who want to start buying Moneros without too much slippage.
1649  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 19, 2015, 06:59:45 AM
I almost got heart attack when I looked at bitcoin's price.
What's going on? Is it the block size debate?
If it is, it is important to start marketing actions to bitcoin community so that they will not abandon the crypto completely. Monero can potentially save the crypto world.

It was glorious.

Initially I figured someone was dropping eth profits for fiat. But the suddenness of it all lends more to the story farfiman posted.

Just a freak crash. I can add a new feeling to my list now though.

That feeling when the btc market bounces between 180 and 250 in an amount of time long enough to at least sign into a website and click 'buy'.

'BTC 20-40% off sale' makes for a really good day.

I do not know what to think about it. Yes, bitcoin has a lot of volatility but it looks it has over years have had the volatility more downwards than upwards.
Bitcoin is illiquid at these prices so probably it means it will dive again. I hope the bitcoiners start to realize the probability to reach 1000 usd/btc any time soon (if ever) has declined radically. The block size issue will not help, especially if the community will be divided into two camps by the fork. Increasing Monero holdings/starting to convert bitcoins into Monero is becoming more and more vital these days before anything bigger happens which cannot be fixed anymore.
1650  Alternate cryptocurrencies / Altcoin Discussion / Re: Easily the biggest opportunity in crypto. on: August 19, 2015, 06:23:49 AM
Vanillacoin. Oh, give me a break.  Grin
1651  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 19, 2015, 06:09:03 AM
I almost got heart attack when I looked at bitcoin's price.
What's going on? Is it the block size debate?
If it is, it is important to start marketing actions to bitcoin community so that they will not abandon the crypto completely. Monero can potentially save the crypto world.
1652  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 19, 2015, 04:33:56 AM
Is XMR dead already?

sooner or later it will be dead anyway.
as the old risto said ,there is  a very tiny chance that monero will ever be success.
but for now we can good gamble with it Wink

I think Risto's predictions are biased by the number of abandoned coins that are not even meant to achieve to any success (they have been made for making a pump and dump or some coins are made perhaps also for experimenta & educational reasons). The fact is, Monero will be as good as we want it to be. It is largerly on our hands (of course everything is in the hands of the Creator). We can make this success if we so want.

I think Monero has many things that makes it rare project. Not the least one is that the community has no lack of money to buy up this coin from the weak shaking hands.

These days are the days when it is important to try to start accumulation of Moneros as the price can start serious rising any moment now as there are not that many Moneros to be mined (if we exclude the tail emission). Bear in mind, Monero is still below 10 usd which would be cool to achieve this year and 100 usd in 2016.  Roll Eyes
1653  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 18, 2015, 07:28:27 PM
Engraving on metal (or alloy possibly?) that has high melting point?
1654  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 18, 2015, 10:04:03 AM
The chart indeed looks beautiful.
It is easier to sell XMR for noobs when they see a chart which is rising in a nice manner.

There is 100 % increase in the number of coins ahead of us before the minimum block reward kicks in. A year ago the same number was hundreds of percents.
That is the message XMR can potentially be a good hedge against inflation and therefore might be a good choice for storing larger amounts of wealth into XMR. I am personally expecting some larger buyers (large buyer= wants to pour hundreds of thousands of dollars into XMR) to be attracted by the community and the coin.
That gives a nice prospect for Monero's future valuation.
My estimate is, Monero has no one who owns large portion of their wealth in XMR (people have set artificial boundaries on their Monero holdings) so there is pretty much quite nice room for price and marketcap growth coming as people will realize XMR is not that risky investment anymore and they are ready to re-adjust their portfolio to less risky Monero and that pushes the price always to the next orbit.
1655  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 18, 2015, 08:18:20 AM
Seems like there is a business opportunity to create some hardware that are more secure in cases of the most common damages.  Grin
1656  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 18, 2015, 06:16:23 AM
They earned it by making customers whole after the hack.  Their U.I. is well designed, albeit unusably slow on most modern platforms (tablets and phones).  I just wish they would acknowledge receipt of that deposit I made a year ago...

It is a sad sad thing.  I have also lost pretty much all the XMR I ever held.  I don't know where any of it is any more.  I hate to imagine how much money has been potentially lost to untraceability. .  And to the bottom the the sea.  Salt water is so bad on hard drives.

If you believe XMR will gain some serious value in the future (distant or near), then the rational move is buy it back.
The good thing is, XMR is pretty much -50 % from last year's trading area when it seemed to tighten towards 0.004-0.0045 area, bitcoin is also -50 % so in total fiat value it is down roughly 75 %. It is like buying dollars on quarters.
1657  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 17, 2015, 11:02:07 PM
Lending btc is also a good business these days in Poloniex.
Etherium traders are eating so much btc that the rates are ridiculous.
0.2 % a day turns to be over 70 % annually and I am not even calculating the compounded interests which makes it attractive to give out only 2 day loans.

I am not recommending anyone holding margin long positions in XMR these days. That's only a way to lose XMR as the lenders make nice money out of the long positions.
Holding short positions may not be smart either.

Going long on margin always seems like a bad idea. It's like getting that couch from RentACenter where you only need to pay $19.99/mo for the rest of your life...

Accumulate XMR the right way - buy what you can afford.

I do not know if it is always a bad idea for having a margin long for XMR.
In order to be profitable/to make sense having long position, the interest rate should be lower than the average price growth rate. It somewhat made sense when btc rates were like 0.03-0.04 % per day but certainly 0.25 % per day is pure ripping off especially these days as Monero is moving nothing but sideways.
Having a margin long position under the current circumstances is very strong view for almost immediate and quick rise which probably will not happen unless something sudden and good happens which creates a spike on the demand of Monero, but those events I would consider black swans. Sometimes they happen but usually not.
I think Monero is in quite slow rising channel. However, the lower bounds are rising constantly and it will eventually force either breaking the rising pattern into bearish or breaking out to higher levels. I hope the latter.
1658  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 17, 2015, 07:32:39 PM
Lending btc is also a good business these days in Poloniex.
Etherium traders are eating so much btc that the rates are ridiculous.
0.2 % a day turns to be over 70 % annually and I am not even calculating the compounded interests which makes it attractive to give out only 2 day loans.

I am not recommending anyone holding margin long positions in XMR these days. That's only a way to lose XMR as the lenders make nice money out of the long positions.
Holding short positions may not be smart either.
1659  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 17, 2015, 05:01:15 PM
Monero tends to decline when the volumes are low and rise with huge volumes.
The mechanism why ETH pump is affecting on XMR comes from the lending markets.
When ETH pumps, it is sucking the lenders dry from their bitcoins putting some upward pressure on BTC interest rates which discourages margin buyers in Monero markets and even make them closing their positions even for loss if their daily interest rates approaches 1 or 2 % which is unsustainable with XMR margin buyers.
1660  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 17, 2015, 07:42:47 AM
It is just  a matter of days when 9 000 000 Moneros will be mined.
By the end of the year we are around 10 000 000 Moneros and the inflation is really lowering.
I am seeing still 2016 being the greatest year for Monero so far, and of course after that it will only get better if everything goes as planned.
In my opinion, now buying any Moneros below 5 USD is having a good deal and we still have good chances to achieve/touch 10 usd/XMR this year. I am not saying it will happen but certainly we have good chances. When the bubble occurs, those extreme prices will be touched in a rapid way. That's like Bitcoin 2012.
I know I am one step further in my views as Monero is only 0.60 usd per coin but I think it is great time to prepare your big hoovering machines and scoop the coins, store them in cold storage containers and save them until you want to buy some nice gadgets with them. Storing coins outside of the exchanges prevents you selling coins too low - when you need to sell your coins, transferring them gives you a few extra minute to think if you really want to sell at the certain price and thus makes your selling more rational and less emotional.
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