I think that the price is simply showing that it is more pegged to the USD than BTC.
It has fluctuated around 35 to 40 cents for months now. I'll be initiating an insider buy in the coming weeks of anywhere from 10 to 20 whole Monero. I don't expect it will move the price much, but I'll let you know when I do.
I disagree, Bitcoin rather than US Dollars is the key currency for this market. The market has been waiting for the 0.9 tagged release for over 10 months. In the meantime the bears get to play. |
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The first step before we can even dream of marketing anything related to Monero is the tagged release of 0.9.
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Don't take it bad, but this sounds very much like what crapcoins do: focus on the form rather than the content.
I question the effectiveness of your approach in a forum full of competition in terms of shiny bells and whistles.
But it would also be a mistake to eschew form and flash entirely. Remember, it's not always the superior technology that wins if something with better marketing usurps it. -snip- I mean, I couldn't agree with you more. But every time I think of this relationship of between adverting/marketing and technology, I see it as an relationship to Apple vs Windows vs Android... Apple seems to succeed through a type of advertising where it's very elegant and simple at the same time. Then Android or windows has a superior technology compared to Apple, but you see EVERYONE using Apple products.. because it's simple and pleasing to the eye. I think there would be a big beneficial factor for Monero if it incorporates both, and what better time to start now? Apple is down to 38.58 % of the mobile market and falling vs 53.54% for Android. On the desktop it has 7.72% vs Microsoft's 90.54% and GNU/Linux's 1.74%. This is a very far cry from EVERYONE. https://netmarketshare.com/. Hype can work for a short time but then the fundamentals take over. |
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...
11.b3 followed by 12.Bb2
Last move b3 would have failed to Nxe4 because of the pin but with the knight on d7 we should be safe now without the need to play Rb1 first.
I vote for 11. b3; however there are lines where I would play 12 Rd1 rather than Bb2. |
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This runs as well on iOS - but so far the Apple appstore disallowed crpytocurrency apps that arenīt Bitcoin; at least they did when i tried the last time.
And yet Fart Click III - The Clickening is just fine. But I agree that if Apple is very capable of squandering their lead in the smartphone field, but don't underestimate the droves that know iPhone and like iPhone - they are the same who think Android is synonymous with those awful Samsung Galaxy phones (I default to this camp fairly often, sorry). Network effect is real and powerful, and as always: Most people don't want freedom and choice; they want status, comfort, and shiny things. The fleece the iSheep say no to DRM investment model (cost averaging). 1) Price out an iPad 2) Purchase every month the price of an iPad worth of XMR 3) Repeat until Apple gives the iSheep permission to hold XMR 4) When Apple gives the iSheep permission to hold XMR sell to meet the iSheep demand This strategy worked very well for me with Bitcoin starting in 2012 when I was literally bought an iPad worth of Bitcoin a month. Now a similar strategy can work with Monero for the same reason. Edit: In the meantime enjoy a rooted and unlocked Android phone and / or tablet. |
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Oh wait.. I thought the picture posted was an advertisement for a new iOS app for monero. My mistake.
I wish; that would be incredible. An open-source iOS Monero wallet would be pretty fucking rad.... unfortunately I think we may still be a year or two away at least. Bold my emphasis. This will not happen because Apple uses DRM to censor Free Libre Open Source Software. Also Apple has been steadily loosing market share in mobile (smartphone / tablet) from close to 100% a decade ago to under 39% today. https://netmarketshare.com/ This is in many ways similar the Apple's decline in the computer desktop from its peak in the late 1970's with the Apple II, to virtual oblivion by the late 1990's. Edit: If Bitcoin is any indication the acceptance of Monero in the iTunes store should be considered a sell signal for Monero. |
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The 1 MB blocksize limit limits how many poeple can use Bitcoin.
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My vote is for h3. On Rd1 there is Ng4 followed by Qb6 with f2 becoming a problem. I also do not like Nd5 since it allows Ng4.
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I am not a trader but it seems to me that there is a lot more risk involved in getting on in a price point 15 times higher than the lowest value compared to "just" 1.7 times that low value.
This depends on the time frame. For a buy and hold investor absolutely, For a day trader on margin in many cases no. |
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Looks like about half of his money is still stuck on craptsy.
If you don't hold it you don't own it.
My theory: There may still be some exit coins left on Cryptsy. DASH, Ripple, Dodgecoin, Ether but not not Bitcoin or Litecoin I have similar experience with Cryptsy. Though for 0.75 BTC but same. And support disappeared 3 days ago. 7 days waiting...
I just don't have these issues with Cryptsy I put 1.0 DASH in today and pull out 1.12..DASH a few minutes later I understands it's less than $5USD You think that maybe they are manually processing 'larger' amounts? or worse Using your coins to make 'money' for themselves? anything is possible.... Or simply they ran out of XBT and LTC but not of DASH. I smell the ghost of Gox 2.0 here. The trick is to figure out what currencies they still have left, sell for those and get out. The fact that they locked Otoh's account is a real red flag. Mt Gox allowed me to reverse my pending CAD withdrawal, which I managed to convert to XBT and get out at a profit due to the Silk Road seizure in 2013. If they are in trouble they may want to prevent this kind of thing. |
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There may be a Goxing going on at Cryptsy. From the DASH thread https://bitcointalk.org/index.php?topic=421615.msg12671376#msg12671376Please to upvote my post warning about problems with Cryptsy withdrawals since the 5th Oct: https://www.reddit.com/r/Bitcoin/comments/3nkotr/cryptsy_responds_to_coinfireOtohs 1 point 26 minutes ago I had over $50,000 on Cryptsy on the 5th Oct, I sold (at a loss) for BTC, LTC & DASH, I was able to withdraw the 8,433 DASH, but the 2,886 LTC & 76.24 BTC have been stuck there for over one week, I was then locked out of my account and dealing with support has been a nightmare, fobbed off with "you're in a queue" or ignored mostly. I would not advise risking any funds there atm. Will update on developments... ... |
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I have similar experience with Cryptsy. Though for 0.75 BTC but same. And support disappeared 3 days ago. 7 days waiting...
I just don't have these issues with Cryptsy I put 1.0 DASH in today and pull out 1.12..DASH a few minutes later I understands it's less than $5USD You think that maybe they are manually processing 'larger' amounts? or worse Using your coins to make 'money' for themselves? anything is possible.... Or simply they ran out of XBT and LTC but not of DASH. I smell the ghost of Gox 2.0 here. The trick is to figure out what currencies they still have left, sell for those and get out. The fact that they locked Otoh's account is a real red flag. Mt Gox allowed me to reverse my pending CAD withdrawal, which I managed to convert to XBT and get out at a profit due to the Silk Road seizure in 2013. If they are in trouble they may want to prevent this kind of thing. |
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edit: found it, example here:
XMR - Lending Earning 2.0000% 208.92286763 15% 0.15301665 XMR 2015-10-11 18:08:58
i dont get it...looks like Hour or even minute based?
Yeah its pro-rated on some pretty frequent basis. In that example you've earned 0.15 already Thats BULLSHIT!!!! You can kill a coin with no min fee. What if he had access to and borrowed 500k for 1 minute? This looks to me more like fiscal suicide than killing a coin. Sell 500K XMR short and then try to buy it back in the resulting mega short squeeze all in under a minute. It took pirateat40 months to build up a comparable short position in Bitcoin. |
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Regarding last 2 medium sized dumps (~6k & ~5k), it's someone shorting again: snip... Left column is the aggregate offers, center column is the aggregate demand and right column the weighted average interest rate. Take a look yourself -> http://monerodice.pd.to/polo.phpIt seems that someone is really eager to short, because demand is spiking now as well. Someone wants to borrow (demands) ~8k+ XMR at a rate of 2% per day. Even though the rate is high, I would advise no one to put his XMR up for offer, because it could really hurt the market. The fact that someone is offering 2% PER DAY to borrow 8,000 XMR says that they aren't planning to hold that short position for long. Max a week. That's 14% so they are hoping to drop the market more than 2% per day (or in one day) to make a profit. Otherwise what's the point? Let em short.  Wow. Pirateat40 only offered 1% a day on Bitcoin. I say buy and / or hold and take delivery. This worked very well with Bitcoin in late 2011 and 2012. |
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I speculate that the price of monero will increase when less people are using Claymore's AMD miner because Claymore won't have a continuous supply of XMR to dump at any price. Less people will use Claymore's miner when Wolf0 finishes his open source AMD miner. https://forum.getmonero.org/9/work-in-progress/2400/open-source-amd-miner-by-wolf0Only ~12% to go! I know someone that follows this thread has ~750 xmr to throw at this! Is Wolf's miner faster than Claymore's? It is Free / Libre Software as opposed to propriety software. This is important for the security of the blockchain. It is also now at 100% funding. |
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