I don't give a benefit of the doubt to "speculators". These darknets are already accepting Bitcoin and some of them accept other alternatives too. A lot of the sheep investors who probably think Monero has some exclusive contract, like how businesses are either pepsi or coke.  |
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XMR went from $25M to close to roughly $130M market cap on a DNM announcement.
FCT has Department of Homeland Security and a Wall Street firm amongst their clients.
There's a mismatch with the demographic of crypto here and many investors put their idealism before money. The US government and Wall Street are easily in the top 5 of what most crypto people despise and for this reason it'll take some time to reach price discovery. The kind of revenue US government and Wall street can generate stomps any shady DNM.
You have no idea how governments work, do you? (I'll take a nice shady tree under the CIA any day) https://www.iqt.org/More probable scenario is the US-based Poloniex would be leaned on and/or shut down. Worse case scenario, staff who work at Poloniex themselves could face criminal charges. Charlie Shrem and a couple of others went to prison for acting as a medium for Silkroad customers. Poloniex is arguably doing the same thing for the DNMs. |
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I can see something happening where XMR will be in the running to replace bitcoin. The people in the cryptosphere have always been looking for a new coin they can support. Why? Because for some people bitcoin is trying to be what it should not be. It is trying to be in the mainstream and in the process it has been corrupted by the people who want to take it there. Do you think those people really care about bitcoin? Do you think the Winklevoss twins are in it because they want to change the world and disrupt banks? No they are there for the money.
Maybe so with the Winklevoss twins, but there are some people who are kind of in it for both of those reasons... think about it, they wouldn't have been one of the first adopters of Bitcoin if they didn't have some fundamental belief in what Bitcoin can do. Example A) Look at someone like Roger Ver, he is a rich guy, yeah I get that; but he is going around to all sorts of places spreading the word of crypto currencies and, to me atleast, seems to be genuinely in it for the currency itself and thinks that it will change the world. The first people to have found out about Bitcoin and invested in it all had the same sort of ideological beliefs... now those beliefs are starting to get a little hazy and less defined. Yes. There are some believers who want to take cryptocoins to another level and take it to the mainstream. But as I said some of those believers are willing to take too much risk just to see BTC get there quick. One example is the support of some of the believers for Gavin's XT. This is a major step with risks. The Ethereum fork is a good example of how a hard fork can go wrong. I have lost faith and confidence with Roger Ver as a believer because it was looking like he sacrificed his idealism by supporting a version that he thinks would take it mainstream even though there repercussions. Now he is joining the bandwagon with XMR. Why? Because there is a good possibility he bought XMR at low prices. He is in it to make money and it is showing now. Actually that is NOT a surprise move by Roger Ver. Ever been to Roger Ver's website? Long ago he used to list everything he supported and he included a bunch of alternates, including Ripple and others (I think he also endorsed AppleBytes at one time?), but when they did not rise then he quietly dissociated himself. Roger Ver has a very evangelical / populist personality but he doesn't seem to be loyal to anything other than "blockchain" in general, and his prior support of Ripple (which is hardly blockchain) puts that into doubt. |
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This coin has been forgotten for 1+ year since the first ATH happened, it never close to the last peak. Now, in a matter of days, we have seen the ATH getting destroyed and we are at a price higher than ever before.
Why is this happening? Is there any solid reasons, or is just a "buy rumor sell news" scenario?
Do people in dark markets are willing to use XMR when they need to buy BTC to begin with? whats the point?
Any technological advancements in XMR that I have missed?
Why this pump? I may get in but man this has to correct with a dip. Also im scared this can start crashing and become stagnant again. At the end of the day BTC will keep getting more anonymous with further updates.
these things usually happen together, it means that it is not just the news, it starts with whales accumulating the coin then, they start pumping then they release the news and make it big and then others join it making the pump that much bigger. otherwise a single news about darknet and monero is not going to generate mad amounts of demand overnight. these things take time. Isn't that the pareto rule in action? Most of the low-capitalization coins are constantly being dumped by dumpers and those, with vision, have to buy off the attrition. NEM was another example of that. Sat at $1 million capitalization and people were dumping out a lot. Later it hit $120-$150 million ATH. Bitcoin took almost 5 years until it hit $1250. 5 years might be the golden number for accumulation. |
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I think one of the prior posters was correct that Monero was very spammy on this forum.
Monero has seen some highs but it's far from being one of the best performing investment in crypto history.
Just from looking at internet archives, Monero pretty much sat at $2 million and went from 6 million to 12 million coin coins. That meant someone who bought years ago has seen their portfolio shrank by around 50% before the rise. There's other projects, at their all time high, which saw less inflation and more ROI.
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NEM is stable. If you recall from 2015 and other times, NEM was always very good at remaining stable. I suspect this stability is the result of a lack of inflation, wide distribution and especially a large group of believers. Market projection? Steem has been dropping for awhile. Monero pump, if the capitalization is sustained, will probably send Dash downwards. I think we can reasonably expect NEM to move up to position #7, possibly #6, so long as NEM remains stable and historically it has done a good job at that. Future market rallies? I think future market rallies will come from more news and updates from Japan and, this may surprise people, especially Malaysia. My critical opinion is the developments in Malaysia are very exciting and as important as NEM efforts in Japan. I think with a couple of big updates, and community organization in Malaysia, NEM could achieve viral adoption in the country. At the present time, the plurality of traffic to NEM IO seems to be from Malaysia. . .  |
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Best option to invest is bitcoin.Just invest on bitcoin and forget about it.Come back after years you will the rich guy of your town !!
Bitcoin hit a peak of $1250 nearly 3 years ago and it still hasn't recovered. Meanwhile many fortunes were won and lost on alternates. |
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At some point, everyone was talking about it, I've even seen people in the introduction section writing how they quit their full-time jobs, etc... just to stay with Steem and now, It's pretty much gone with ~100m $ market cap while It was almost 300m $
They got some thousands $ from their introduction posts,( pretty girls mostly) and believed their income will continued like that. I haven't visited steemit recently but the last time i checked some bloggers made significant amount of $ on every post. (because they were upvoted by whales). It's a thought committee. Steem whales upvote the women's posting their travel blogs, thinking bumping attractive women to the top will get more men, who spend money, to come onboard. Giving $1000s to these women per post? It's just a marketing cost. |
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AFAIK those markets said they'ld only enable Monero on September 4th or something. That means all the volume right now is just pure speculation on Poloniex. What happens when Monero is enabled and not many people are interested in accepting it? You can see where this pump is going to create some comedy gold.
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Buy low and sell high. Diversify into as many things possible. Aim for 0.1% minimum of promising projects.
Chances are if a project is already at $10M market cap then the ROI left is pretty limited. Not many alternates hit and, especially months later, stay above $100 million. There's some psychological barrier among alternates where people dump as soon as something goes over $100 million.
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Then this guy is not an average 3rd world inhabitant when he is able to run six supernodes with at least 3,000,000 XEM (around 18,000 USD) each. Or 108k USD in total. He was rich before and now he found a way to fund a living without acutal work. i know a guy who lives in a 3rd world country that runs 6 supernodes.
He quit his job 2 months ago and is now living off the rewards generated by the 6 nodes.
The guy is most probably a sockmaster. Even at the lowest prices in 2015, and not many people get to buy in at the very bottom, we're talking at least $4,000 USD for all that NEM - more likely $8,000. Educated professionals in western countries usually don't have $5,000+ in their chequing account and yet we are to believe some 'poor' guy in the third world did and YOLO'ed his savings on NEM. |
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More like it succeeded based on an ignorant market and the failure today is the market is more educated.
The people buying into the pump did not know a small group of insiders controlled 80%. Also the trending list has its' own version of political correction and thought committee: the small group of insiders can upvote anything to the top and send things they don't like to the bottom. This is why the Steemit Trending Page always seem to be women's travel blogs and wanks to Bitshares. This practice of Steemit thought committee goes against the libertarian principles which the crypto community is an advocate of.
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Can someone please explain to me how two "anonymous" coins almost exclusively controlled at one exchange are actually anonymous? +1 Never mind Poloniex is in the United States. There seems to be credible evidence the anonymity coins were designed from the bottom up for DNM and other criminal activity, more so than dollar bills and Bitcoin. What happens if the US authorities lean on Poloniex? Then the anonymity coins lose 90%+ of their volume. Worse case scenario, the authorities could go after Poloniex (see Charlie Shrem style) for enabling dark net markets and criminal activity. I hope Poloniex is reading this post. They don't know the legal quagmire landmine they've stepped into. |
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Great news, let's hope volume will follow... HitBTC also thinking of add XEM/EUR, first EUR outlet for XEM. |
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yes but is it 100% safe? are you certain to get your btc back? Serious question
supernode is guaranteed return.
well, if you've already lend money there you know it is "safe", you only lose if poloniex suddenly goes down. there's no chance of someone takes your bitcoin because it's used at margin trade, when they close the operation your bitcoin+interest comes directly to you. yet, i've used the lending example just to ilustrate how bad is XEM node(xem currency still good, i just dont see a good reason to run a node). Want another example? you can run a dash node for ~20btc and receive way more per month. doesnt like dash? well, me neither so another example. Xvc incentive node cost about 2btc, AND WITH 2 BITCOINS you will receive more then running xem node...... there are others examples too... and again, i'm holding xem, i always recommend people here in bitcointalk to invest in XEM, yet... the node seems a very bad investment and if i'm missing something please enlighten me.Inflation. Since August 2015, Dash has added 1 million coins to the total supply. Dashnode is a "18%" return but this number people will throw around does not account for the massive inflation inherent on the network. This deception is no different than how your neighborhood bank offers ~2% on a term deposit but the consumer purchasing index inflation robs most of those gains. Libertarian politicians like Ron Paul would tell you inflation is a tax on the poor and middle class (and arguably the ignorant). I find it strange why a lot of cryptocurrencies are obsessed with inflating themselves to the moon. How is this an improvement on the Federal Reserve? Newflash: it isn't. NEM supply is fixed and, with the supernode increase on September 1st, it appears to be close to 10% and no inflation is robbing that. You can run a SuperNODE, let the payouts accumulate and later when the price is higher you can sell. If you tried that on Dash, and say waited year(s) until selling, then the accumulated inflation will erode your ROI. As well inflation itself is not good for a market when it goes bear. Miners / Dumpers still dump, regardless of what is happening, and I have seen them killed countless coins. |
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Bitcoin itself is only used by a million people around the world. Getting people to use crypto currencies is an education campaign and a simple brochure (even with measly freebies attached - which I don't like) would have a very low effectiveness rate.
I've seen the marketing strategies used by Litecoin and Dogecoin. Back in 2013 they were spamming on large internet forums like Bodybuilding but it wasn't an education campaign "why you should use cryptos" but more like "hear about dat Bitcoin chyieet? Well throw money at Litecoin and make $$$$"
However unethical it was for LTC / Doge people to pass off their coin as a money flipping opportunity, I don't think anyone on their forum ever writes: "hey guys, remember in 2013 when you were passing off money flipping opportunities to random people on the internet?".
https://bitcointalk.org/index.php?topic=654845.msg8055197#msg8055197Are you TaunSew? People for a long time assumed TaunSew was a sockpuppet of a legendary.. I think I just unraveled it.. |
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Ooops, nem below 1000 again  The HODLers are HODLing, but the short term people have been sitting on no-gains for weeks and then they see other coins on Poloniex like DASH and Monero get huge pumps - so yeah some people are beginning to fold to catch on other coin's gains. |
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Communication is not good but apparently it was sold to somebody (who...?) and apparently they're still working on it..
Give me a good reason why I would dump all my NODE for a few $100s? It seems like there's a slim prospect that the coin could rebound someday, either as a zombie pump or the new developers putting in some effort. It is only a loss when you sell.
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I'm sure they have their own ideas but I would recommend them to keep it quiet.. There is a lot of espionage in crypto..
Right now there is some interesting news about Monero being added to darknet markets. If darknet markets are really successful then I think most alternates would start thinking about adding anonymity and other necessary features.
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