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It may be a bit early to call it support, but there seems to be support building around .014.
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Bitcoin = Public Ledger
Monero = Private Ledger
Everything else = Pump n' Dump / Speculation
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$10 barrier has now been broken. At the time of this post, one Monero is worth approx. $10.43.
Next stop, .02?
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Does China care about Monero at all?
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Dash Marketcap DESTROYED.
Where is this going to settle is the question.
I'm guessing around #30-40 on coinmarketcap by the end of the year. Now that it's been collectively realized that DASH is not anonymous, and really serves no purpose whatsoever (other than benefiting the insta-miners), it will collapse like the thousands of shitcoins before it have. |
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You can't fastmine almost 13 million coins in the first 2 years and not expect volatility and big bubbles to form. Monero is proving to be very volatile due to its mining emission curve and lack of masternodes.
Aha aha ahahahaha, are you high? A fast-/pre-/insta-/whatevermine looks like this:  10 - 15% of the total supply in the first 24 hours... best regards, Yes dash had what is commonly referred to as a accedental instamine as opposed to some coins that have a planned instamine where lots of coins are mined in a very short period of time. These are usually pos coins and they mine all the pow coins in a few days to a few weeks or more. Monero is a good example of a fastmine but it could be considered a instamine too, which I don't think applies but who's to say. 2.25 years = insta? lol please send me what you are smoking. So 24-48 hours is instant? I personally think instamined coins become fastmined after 2-3 weeks but I would not argue with someone who said the cut off was 3-4 weeks, especially if it was a pow to pos coin where all the pow coins were mined quickly and then they switched to pos. When does a instamine end and a fastmine begin? For all intents and purposes, a 24-48 hour mine is absolutely an instamine. |
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looks like the triangle broke to the upside....BOOOM  Indeed, and thanks for posting your chart yesterday. This thread needs more chart pr0n! |
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Just recently someone said in the trollbox that already 12 vendors at Alphabay are about to take Monero payments... Because it is a trollbox, I'd like to know if somebody has any information is it true or just B.S.
Also, it would be nice to follow how wide is the Monero adaption among D.N.M. in general so if someone is more specialized to those would you care to give some additional & factual info.
I heard something similar on reddit. I'd imagine anyone using tor and BTC is already somewhat tech savvy. The barriers to entry for monero, i.e lack of official GUI wallet, lack of direct USD-XMR trading, shouldn't be too big of a hurdle for D.N.M. users. |
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I bought my first batch of XMR two years ago, around .005 BTC. I really wasn't sure if it would ever get to that price again, as the crypto community seemed to continually pass it up for inferior coins, like Dash. Now, here we are.
XMR "feels" like BTC circa 2012-13. People are taking notice. The advantages of Monero over any other currency are now being recognized by the wider community. Soon, they'll be utilized. Usage, speculation, the ecosystem, and the price are likely to grow ever faster.
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Perfect example of completely misunderstanding bitcoin's value and where it comes from. You can't apply traditional chart analysis to bitcoin - ask Matthecat how that went. Things like elliot wave have no meaning here.
This. Also any value lower that $100 or even $300 or even slightly more will cause bitcoin mining to crash. Economy is not that old branch of science, Industrial Revolution happened 250 years ago and progress happened too fast in short amount of time to create current highly unstable economic markets. Bitcoin was invented less than decade ago. Trying to measure it purely with standard economic tools is totally missed idea. You're thinking in terms of economics. Elliot Wave Theory, and other chart analysis tools, can be viewed as mass psychology tools. Bitcoin may be a new market, but it's controlled by the same, predictable human psychology that has ruled all markets since the stone age. |
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As other coins, with no real advantages over bitcoin, come and go, Monero just keeps on picking up steam.
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It'll be interesting to see how that pans out. He's often full of bluster, but also brilliant and eccentric.
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I'm ready for $420.  |
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I think we're seeing a spike up that will take us through the week, then back down next week.
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This is a bounce, as some have said. I think it's likely to dip down below $600 again soon before stabilizing
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As for short term, $570 should hold and give a nice bounce because of this. Anyway, this is not similar to short term rally continuation picture  It seems like you pretty well nailed that. It dropped to ~$560 and bounced to the $620s. The selling pressure seems to have mostly dried up, and volume has remained consistently high. I do think this is just a correction. |
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Most "amateur" investors won't invest until there's a bitcoin ETF. The professional investors are going to be able to differentiate BTC from the shit altcoins, like ETH.
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On the bright side, people are likely to have one more good buying opportunity before moon.
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The value is the price one is willing to pay for it.
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There are very few journalists or mainstream news organizations that are familiar with ETH. I haven't seen or heard anything in the media about the hack. I just searched cnn.com for "etherium", resulting in 0 hits. The same search for "bitcoin" produced 209 hits.
The hack of ETH will not negatively affect BTC's credibility in the eye's of the public. ETH is just some shitcoin that no one, outside of a few nerds on this forum, have ever heard of.
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