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1761  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 23, 2015, 08:03:44 AM
I wish everyone in this thread would spend less time speculating and more time contacting exchanges, developing or filling out the empty sections on the getmonero page.

Sometimes I spend too much time posting here myself so I understand the desire to debate and speculate.

I appreciate on your take here.
I consider it important for Monero to be added to btc38 as it will bring the Monero to China.
Chinese people need a coin like Monero which is good thanks to low inflation (not low necessarily this moment, but it gets lower day by day as the money base grows and emission of new coins is getting tighter).

What I've been following, Moneromooo is having some progress in his tasks related to development. But, I agree, more could be done always as Monero is not a world reserve currency just yet.  Grin

When it comes to organic growth and creating products for Monero economy, it is one potential source of increase in marketcap. The mechanism is as follows for example with silver (assuming you do not sell Moneros):

1) You buy silver for 20 dollars a coin.
2) You sell it in Moneros for 22-25 dollars a coin.

You added value to Monero's marketcap 2-5 dollars compared with the situation that you only would have bought Moneros for initial amount of 20 usd.
Being a Monero merchant gives a leverage in growth rate compared to only fiat investments.
The more living costs can be rolled to Monero, the better it is for the economy as there is always a profit margin as a leverage.
Both are needed.

That's pretty much how a coin can grow organically and anyone can contribute to it.
Some kind of ebay-style exchange for Moneros only would be cool to have at some point with heavy advertising budgets (Coca Cola uses 20 % of their turnover to marketing costs and probably that's one reason it is a succesful business).
1762  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 23, 2015, 06:01:59 AM
The first tendrils of a Monero based economy need to start now.  We need to have ideas for Monero only goods and services, and start offering things only for Monero.    

I acquired my original bitcoin position (ages ago) by selling silver (i miss bitmit). I would be happy to do the same thing for monero if there is any interest.

moneroinvest.com  maybe? but I don't think anyone has had any experience with them yet.





Moneroinvesto probably has nothing to do with Monero. Seems (to me) that the same name is a mere coincidence.
I did some research and it is a company dating like to 2013 when Monero is not existing.
However, they could be one merchant that need to be preached the good news of Moneronism.  Smiley

1763  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 23, 2015, 12:21:22 AM
the price of monero is just so high because it has indeed very good sales pitches.
it will comes the time  when people will realized the real price of xmr


I don't think it is too high now considering the buying pressure of Risto and the development Risto is doing for Monero economy.
I hope there will be others in addition to Risto to follow in building Monero economy, too.
If Monero was an alternative payment method to bitcoin, it would be close to parity. Monero price represents only a fraction of bitcoin's price ( 0.2% - two per milles, not per cents).
I don't think it is too overvalued and even if Monero will not succeed completely, it can pretty easily hold the current value. The whales do not bother to sell and as emission dries to minimum block reward, it will establish its valuation more or less at the current state.

If someone wants to have a position or increase his/her position in Monero I recommend the following strategy: set a buy orders close to market value (let's say, 1-5 % below) then market buy a little.
The market buys makes sure you get at least some coins and in case of dump your buy orders will decrease the bitcoin cost average.

There are very little short selling in Monero, therefore the liquidity is lacking. Now it might be rewarding to provide liquidity and fill the low 0.002's with buy orders.

Yes, my opinions are biased since I am a proud Monero holder and I buy more coins on daily basis.
Still I understand that the risk of total failure is existing and I may even lose all my investment into Monero.
However, investing in bitcoin now has also a risk of losing pretty much everything one has invested. Bitcoin works as fine (or I would say badly due to slow confirmation times) when the price is 1 usd/btc or 275 usd/btc.
1764  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2015, 11:03:02 PM
do you think the BCN/DRK pumpers hire trolls to make XMR look bad or are these people just insulting XMR for fun?

Yes probably.
Wether they are Darkcoin bagholders or hired by them. You can see easily it by their posting history. Many are writing on Darkcoin threads.
This shows me simply they are really afraid of the superiority of XMR.
1765  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2015, 11:00:08 PM
When it comes to trolling Monero on btct [...] they try to speak the price down.

That is exactly you whenever you sold and want to buy back lower. You admitted it several times.
 
Don't force me to dig up all those posts to make it clear to all newbies. You might instead refrain from playing the honest guy and judging others, so we don't need to call you out every pages (you're posting your selfish greedy crap so often...) to remind all you are not an honest guy.


No I am not behind the troll attack that Monero got during the past few days.
I know you are not, and never implied so.

It was orchestrated by the Darkcoin folks.
You don't know that. You're annoying partly because you always state every assumptions like it is absolute truth. Good example.
(which would be acceptable btw if you weren't asserting contradictory assumptions within the same week/day).


I am honestly telling when I see the price goes up (and then I have bought coins) and then I am pretty honestly saying when I see the price goes down (and I have very little coins as a result of a major selling).
Nobody accuses you to say what you see/think, that is perfectly ok.
What bothers me so much is that you change your speech from "Monero is doomed and will go to 0.0005" to "Monero will overcome Bitcoin", when the only thing that changed in between is that you bought/sold.

Actually, I am one of the most honest people here. Not acknowledging it is pretty dishonest IMO.
Now it becomes really funny. Will bookmark this one.


Okay, I denominate you as my personal troll.
1766  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2015, 10:45:06 PM
When it comes to trolling Monero on btct [...] they try to speak the price down.

That is exactly you whenever you sold and want to buy back lower. You admitted it several times.
 
Don't force me to dig up all those posts to make it clear to all newbies. You might instead refrain from playing the honest guy and judging others, so we don't need to call you out every pages (you're posting your selfish greedy crap so often...) to remind all you are not an honest guy.


No I am not behind the troll attack that Monero got during the past few days.
It was orchestrated by the Darkcoin folks.

I am honestly telling when I see the price goes up (and then I have bought coins) and then I am pretty honestly saying when I see the price goes down (and I have very little coins as a result of a major selling).
Actually, I am one of the most honest people here. Not acknowledging it is pretty dishonest IMO.
1767  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2015, 10:02:29 PM
someone clearly wants price to stay down.
option B would be a whale slowly exiting, but i doubt that.
maybe only a good market buy can take this resistance down

Looks like the bigger buyers are sleeping now.
Only small a few coins at time.
On the other hand, there are pretty nice amount of coins available even until 0.0022.
If there is any bigger whale following and willing to enter into a position, now probably is a great moment since no other whales are buying.

Some big buys are wanted I guess.  Grin

Monero without action is boring now.
However, a good store of value is in slow rising trend and it is not too exciting.. I think Monero shouldn't be than boring state at these low prices though.

EDIT: Just my speculation: The dumpers might be very well those who have held open long positions for ages and now they are releasing them. Very good sign that they do it now and not when the price is higher.
1768  Alternate cryptocurrencies / Altcoin Discussion / Re: What kind of Alt would be best for a domestic economy? on: July 22, 2015, 08:52:23 PM
I guess it should not have too many options, it would become too complicated.

Also, any form of anonimity without backdoor would be a no go.

I think Monero has a nice solution of voluntary anonymity.
You can give your viewkey and your transactions are public for the holder of a viewkey.

This system is imitating the current system of ability to use anon transactions (like today we have cash) or more public system (credit/debit card payments etc).
1769  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2015, 08:19:32 PM

EDIT: BTW, there is an arbitrage opportunity between hitbtc and Polo. I do not exploit it but if someone is interested and trusts on both exchanges, feel free to take a few "free coins".

I scooped up a good little percent or two of my stash playing Arbitrage at HitBTC<->Poloniex.

But I had so many problems with withdrawals I finally quit doing business there.

I don't know if it is any better now.

Nice to hear that you made some coins.
Now looks like the best way to buy Moneros is to waite a dumps or flash crashes.
The market is pretty dry above 0.002 so if one wants to get coins cheaply a good way to actually get a few (in this strategy you get perhaps a few hundred per day only) is to put a buy order(s) around 2 % below the spot and take the flashcrashes and also it gives markets to Monero.
Selling...? I think now it is not time to sell any coins as the uptrend seems to be pretty early and immature.

What I've noticed from the forum (trolling and bashing) and also Polo trollbox that pretty many are Monero bears immediately it starts to rise.  Grin Which is a good sign since you need just enough bears to trigger bigger buys - however, I think they are not convinced yet this is an uptrend.
The longer it takes to realize a bull trend the higher is the opportunity cost. And in bull markets the opportunity cost tends to grow each day you live in ignorance.
1770  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 22, 2015, 06:51:37 AM
Guys, Monero is still cheap. The first real battle will be around 0.0027 IMO. Some fighting might occur in the lower peak (which was caused by Warz' pump earlier). However, I am not expecting much fight on the latter peak. Perhaps a small training boxing match...?
I think the price is still pretty low especially if we take into account the fact that the emission is really draining. Before the minimum block reward hits, there is only approximately 100 % of the coins to be mined. It is not that much really. These actually might be the last moments we are able to get Moneros at low 0.002's. Last time Monero established around 0.001, this time it established around 0.0019. Next establishment most likely will not be around the current prices.

EDIT: BTW, there is an arbitrage opportunity between hitbtc and Polo. I do not exploit it but if someone is interested and trusts on both exchanges, feel free to take a few "free coins".

EDIT 2: When it comes to trolling Monero on btct, I guess those people might actually see the project as the most promising and they try to speak the price down. However, it looks like Monero holds pretty well and if I am not mistaken, it wants to rise from here. I wouldn't be surprised if we see new ATH (at least btcwise) especially if Risto's Monero fund starts.
It can reach a marketcap of bitcoin or even more if Monero is able to launch a few funds that are traded publically. That brings some serious money on the table, IMO.
1771  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2015, 07:37:47 PM
have been buying some more during this floor, but now its allready above my btc average. sould not buy above it. floor was close to my average, sometimes below, not only to mine, thats why it was the floor in the end Wink

good times.

btw i am more fiat denominated kind of guy, not too much interested in btc, but beeing in the green with btc is nice too if possible

When people buy Monero, they are buying expectations.
They are expecting Monero going higher than the current price. Therefore people want to buy it even if their average buying price slightly increases...  Especially, if the floor of the dump that follows the current rally will be significiantly higher than the current price.
1772  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2015, 07:25:32 PM
not that excited yet, but lets see. took the last bite today during work.
remember, the low prices made us all happy. yes i know, high prices are good too but it also gets more expensive to buy if you buy on a regular base.
anyway, allready have enough i guess Roll Eyes Grin

A good idea might be to put a buy order near the market and hope it gets dumped. If not, then marketbuy.... But if it gets dumped, you have most likely made a good deal and can congratulate yourself.  Smiley
1773  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2015, 05:54:49 PM
So what are people's thoughts on that 50k wall at .0026?

Think it will be removed once we get close, might be a scare wall to push people in his bids.

Potential cup and handle forming, this might get very interesting: c&h on BTC and XMR

Might be even Risto's wall to scare the buyers/sellers.
1774  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2015, 01:36:23 PM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy

Wow. That's a lot of Monero you got there. Shocked I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMR.  Roll Eyes

I have a feeling you might become rich when Monero's price goes up.


I'm hoping so. If not, at least I'll earn some profit.  Grin

I agree. If you keep buying all the time (like on daily basis some coins), you will have plenty of coins when/if Monero goes viral.
With smaller amounts, the importance is consistency. Keep buying and mining which you hold outside of the exchange so that you will not feel tempted to sell too early.
1775  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2015, 12:32:40 PM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy
1776  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2015, 11:55:49 AM
I've bought today over 1000 XMR and if the price stays this low I am considering to add some more coinz.
Sounds reasonable.

Bought 700 more.
1777  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 21, 2015, 08:35:18 AM
I've bought today over 1000 XMR and if the price stays this low I am considering to add some more coinz.
1778  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is the Price of Monero still so low? on: July 21, 2015, 07:47:58 AM
the problem is the price started really high, think about it, it been higher than litecoin more than once i believe

but market seems to have finally caught up and is supporting current prices

it's monero's game to lose

While I agree Monero was initially too high, also I would add the fact that Monero community compared to the other coin's communities are perhaps a bit more mature. Monero community and the new adaption simply has refused to overpay for their coins.
However, now as the emission is tightening, the people who are still living outside of Monero, need to rush if they still want to get some cheap coins since there will not be too many months left until daily emission is sub 10 k.
1779  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 20, 2015, 03:49:46 PM
Probably a lot of people will try to frontrun the big buying.

I added in some near 0.0018 and a week ago, if we have a daily close above 0.0022 I'm converting most of my BTC left to XMR and probably also do some margin longs.

This could be the first big rally with margin trading which could be very volatile and possibly also very much upside capablities in $ terms because BTC is still cheaper now than in 2014.

If BTC continues to rally and go to new ATH's we might sit on a insane rocket about to take off now, near the end of the current (XMR) bear trend.

funny you say that, hodlmybtc Wink
(I did the same the previous time we were below 0.002, before we went to 0.0043. Wink )

Somehow I have a gut feeling, Monero will start making higher highs now.
Therefore higher prices than mere 0.0043 are possible at the end of this rally. However, I do not quite know to where this all end up but I guess it will go up.


XMR went to .0043 (and .01 near launch) with just a few dozen serious buyers or fewer. When it's hundreds of serious buyers or thousands of serious buyers coming in during the next crypto bull market, the rise will defy expectations. XMR had a pretty brutal winter and therefore many of us see .01 as the moon. Even on the run up to .0043, I sold most of my holdings around .0028. I thought .003 was the moon, so I couldn't believe that it could or should keep going up. And of course I missed out on some serious gains.

I think people who hold XMR now will have the overwhelming urge to sell (or buy stuff with their XMR) at .008 to .01. And then XMR will laugh and keep going up. The spoils will go to those with the discipline to have a plan and stick to it.


In the past a good way to predict when we are on the peak is to see how much the coin gained value within past 24 hours.
Usually Monero goes parabolic before a major dump. It is time to sell coins when the price goes viral. Not necessarily all the coins at once but definetely to lighten the bag at least.
1780  Alternate cryptocurrencies / Altcoin Discussion / Re: Could Monero replace Bitcoin soon? on: July 20, 2015, 11:39:43 AM
Could it replace bitcoin soon? Like it's bound to happen in the end, you know, no question about it  Grin

It really depends on what do you mean by replacing bitcoin.
I think bitcoin stays around as long as there is something to mine due to block reward.
On the other hand, if you refer to marketcap, definetely Monero might indeed overtake bitcoin's dominion.
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