Monero needs a fiat exchange...
I agree, and an exchange that is solely dedicated to trade xmr and fiat, not just another pairing in one of the alt exchanges.
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It looks like it wants to go higher now..
Fuck, I should have bought when there were 53k on offers until 165. Half of it left. Perhaps a good time to remind you that ask volume is mostly fake (meaning - placed by people who do not have interest in reducing their net position; some of them aim to make money by making markets, others are just inflating the ask side to keep the price capped). Those who have fake sell orders need to be taught a lesson. Just buy those fake sell orders and show them some strength.
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It looks like it wants to go higher now..
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Looks like the potatoes are back and really willing to get rid off their probably most precious treasures.
You nailed it. Very well said, bro! Sounds almost like I have said it.
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I remember how doge was pumped. When it launched the price was about 10 satoshi or less, and even now after pumps it is significiantly higher than launch. There are basically 2 ways to organically increase the price: 1) strong and intensive pumping 2) getting a few really wealthy guys into hoarding the coin big time.
Possibly also some transactional demand could increase the price but again it is a little bit double edged sword. On the other hand people need Moneros but on the other hand the merchants do not need them unless they are enthustiasts themselves.
Transactional demand is a very long term play, but also has a huge payoff that can far exceed pumps. So it is both worthwhile and not worthwhile to pursue it depending on your time horizon and price target. Bitcoin isn't even close to there yet. I do not say that coin should not be used as a transactional coin. It is kind of cool addition that I am able to dump some of my coins to merchants, not only to try to sell them on exchanges (like bitcoin). If the transactional use is something we want to bring value to coin is, then there need to be some incentive for merchants to hold the coin bags at least some time. The incentive might be the fact that the price of a coin is going up annually at some rate. However as you said, it will take time to see what will be the actual rate the coin increases. Theoretically it should be the real growth rate of the economy (around 2 % annually) minus inflation of the coin.
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certainly xmr is not pump, looks dump to me. Then you need to open your eyes my friend it is on lift off back to the moooon glad i am aboard I certainly hope this is the moon ride will take us permanently around 0.005... My average price is around 0.0035. And no, I have no intention to sell even 1 xmr at 0.005 but I simply hope to get on the water. I guess the developers also bought in somewhere there, too.
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certainly xmr is not pump, looks dump to me.
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I remember how doge was pumped. When it launched the price was about 10 satoshi or less, and even now after pumps it is significiantly higher than launch. There are basically 2 ways to organically increase the price: 1) strong and intensive pumping 2) getting a few really wealthy guys into hoarding the coin big time.
Possibly also some transactional demand could increase the price but again it is a little bit double edged sword. On the other hand people need Moneros but on the other hand the merchants do not need them unless they are enthustiasts themselves.
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Open Question: What is the most exciting thing that might realistically happen to Monero this year?
Being picked by Ryan the Pumper. This could give us 700+% profits in short time. Lol. Seriously, someone big guy wanting to corner the coin. Once the price goes up, also development will find funding quite easily. Hope it doesn't but if this happens give us a heads up before their dump. The effect of a pump could be also good. At least it brings a lot of fresh money to markets which might bring a lot of liquidity for days/weeks.
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Open Question: What is the most exciting thing that might realistically happen to Monero this year?
Being picked by Ryan the Pumper. This could give us 700+% profits in short time. Lol. Seriously, someone big guy wanting to corner the coin. Once the price goes up, also development will find funding quite easily.
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Is the wall at 14 a fake or real one?
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I agree that there should be support for larger dumps. That buy-support line will push the price and marketcap to new heights eventually and at some point the price might start to fly again. 1000 USD is not really a big money to dump. If a bullion dealer sells 1 oz of gold and needs it cash immediately, he is not even able to get the money from the markets without taking losses.
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Well its been well over 48 hrs since got the contract and got 0 so far ??
Did you bother to check the FAQ? You can find answers under "When do I get my payout" Well actually i did , but didn't see that question , buggers me but it has been well over 48 hrs so i have sent them a ticket , thats for your help to direct me to the right question!! Hello BITDV, Our payouts are done as routinely as always. No delay or any kind of anomaly. Did you contact the support? Is everything clear now on your side? Your Genesis Mining Team Have you made your payment today? Over 24 hrs since last payment... My last payments, sure Genesis Mining will make some tonight I got it, thank you!
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Well its been well over 48 hrs since got the contract and got 0 so far ??
Did you bother to check the FAQ? You can find answers under "When do I get my payout" Well actually i did , but didn't see that question , buggers me but it has been well over 48 hrs so i have sent them a ticket , thats for your help to direct me to the right question!! Hello BITDV, Our payouts are done as routinely as always. No delay or any kind of anomaly. Did you contact the support? Is everything clear now on your side? Your Genesis Mining Team Have you made your payment today? Over 24 hrs since last payment...
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I do not know if dumping is a good idea, but I do not know about (artificial) pumping neither. In order to the growth being sustainable it definetely has to be slow. If the price spikes fast, it is not good (it feels bubblish). The price growth is very welcomed by the community (including me as I have a decent stack waiting for substantially more expensive Monero). Monero needs well functioning OTC markets that gives liquidity to both ends, btc and xmr. If the price rise is due to Risto's friends taking positions and they are strong hands, then also a bit higher price increase is welcomed.
The emission is high still (inflation rate is pretty high). It is not necessary high in terms of USD but rather in terms of inflation percentage. The current inflation annualized is roughly 85-90 %, which is almost ten times bitcoin's annual inflation.
If we want the price go up, there need to be salesmen selling this coin to new people. There need to be new markets for xmr. That is: Demand > emission + the interest in dumping coins ===> Price of Monero goes higher.
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Does anyone else notice that the price of $UNO in BTC seems stable during this pump of BTC? In the past, hasn't it generally tanked in terms of BTC, as people sell to join the pump? Looks like good news to me! I am mining with Genesis mining and get daily payouts so I personally do not need to sell my UNOs during btc pumps (I recommend also others to keep some btc as a reserve so that they do not need to sell in order to participate bitcoin rally). When the bitcoin rally is as its hottest, there might probably be a huge pump in UNO price as the gamblers who wants desperatively more bitcoins are throwing them at coins that are extremely scarce and therefore easily increase in price significiantly.
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I will buy a few tomorrow. I think worth of 27-28 usd. The amount is so small, therefore I am announcing it beforehand. I am just supporting the price a little since it needs some support and if the community collectively supports it can go quite high due to low inflation rate.
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How about you three put some sell orders at 0.00165-0.0017 to drive the price down? After all in a bearish market noone will buy them I dumped my trading position exactly on these price points actually. If I am unable to buy lower, so be it. Then I just hodl btc but if I am able to buy lower, I consider doing it.
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If I bought my trading position back now, I would be profiting in terms of Moneros. However I am not buying them back this high.
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So you also think this is not a bargain price to buy Monero currently?
I think what I think has little impact on the market, I'm merely speculating based on my wish of increasing my holding but willing to gamble that if it goes higher I'll pay the price. If we have enough people like you and me who thinks the price will go down, it will eventually do it. It works like self fulfilling prophecy first and once the dump starts, it changes into a falling snowball. Seen this so many times already.
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