THE RISE AND RISE OF MONERO

[Azael]

https://en.wikipedia.org/wiki/Snowball_effect

"The common analogy is with the rolling of a small ball of snow down a snow-covered hillside. As it rolls the ball will pick up more snow, gaining more mass and surface area, and picking up even more snow and momentum as it rolls along."

I don't see any problems with XMR taking the same trip ETH did. Posting a prediction that in less than two months from today the market cap of Monero will be more than 1BN.

[1715004881]

1715004881

[1715004881]

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[Hueristic]

Happy to hear that Genesis Mining is rolling out XMR mining contracts. I just got an email from them.  It just proved the acceptance that Monero is getting. Obviously the price hike is due to the demand and we can't rule out a correction coming in. MAybe, it may keep gaining. But XMR seems like  a good candidate to diversify your crypto portfolio into.

Is there a major difference between DASH and MONERO?

http://bfy.tw/7cZH

Even the New Zealand Inland Revenue know about it 

http://imgur.com/a/amgkr

It is not because they ask the question that they can know the answer.  Of course you are supposed to declare everything a state can potentially steal, that's why they exist.  There's no way for them to know that you have a private key.  You don't even have to keep it on a computer.  You just have the seed of the wallet somewhere.  Knowing some words is hard to find out.

What is funny, though, is that if they have to give two examples of crypto currencies, bitcoin and monero come to their mind !
That's quite bullish for monero !

You are either missing the point or have taken his post out of context.

I hear Barclays took a look at XMR a while back... is this true? - sources?

http://www.ibtimes.co.uk/monero-opens-were-about-private-you-can-get-1580481

Says somewhere in this article...

Fluffy stated they contacted him.

As for someone like Roger Ver shilling for Monero - it's NOT the first alternate he has shilled for, he used to shill a lot for Ripple and also Applebytes,

I've never shilled for Monero or Ripple, and never even heard of Applebytes until your post.

Welcome to the thread. I guess the ALT section isn't the dirty red headed step child anymore.

[JanpriX]

Hi. I'm new with Monero and would to setup my first wallet for it. Kindly provide me the link where to create my first wallet for Monero. Thanks in advance.

[owlcatz]

Hi. I'm new with Monero and would to setup my first wallet for it. Kindly provide me the link where to create my first wallet for Monero. Thanks in advance.

There are a few different ways depending on your skill level. I'd start here, go to the bottom of the page and follow the instructions.

https://getmonero.org/home

PS - Welcome!

[BitcoinNewsMagazine]

Hi. I'm new with Monero and would to setup my first wallet for it. Kindly provide me the link where to create my first wallet for Monero. Thanks in advance.

For privacy you are best off running your own Monero node see https://getmonero.org/getting-started/running

Until Monero comes out with their own GUI if you do not like using the command line LightWallet2 is your best option: https://github.com/jwinterm/LightWallet2

Note you will have to change settings on LightWallet2 to use your local bitmonerod instance set it as http://localhost:18081

All the files for running your Monero node and Lightwallet2 should be located in one folder on your desktop. Start bitmonerod by clicking on it and after the blockchain is updated click on Lightwallet to start the GUI. This should get you up and running.

[Blazin8888]

https://cointelegraph.com/news/the-fbi-wants-zero-privacy-security-bitcoin-community-should-protect-its-freedoms

Peter Todd saying good things...

This is most def classic accumulation phase....price is showing great strength at these levels. excellent.

Coinbase transactions coming with HARDFORK ON 21ST of this month = added layer of privacy coming to XMR

RING CT is in testnet right now... = coming in march 2017(maybe earlier)(testing has started now) = even more privacy for XMR

= Bullish signs

[s1gs3gv]

Honestly at this point, it really kind of depends if you truly believe in Monero... because I mean as of right now, it's around the $8-9 range.  I wouldn't dare to play with putting a large portion of money in if you were planning on day trading, because whales are in abundance in this market now.  Price swings in either direction will make you emotional (either exuberant or pissed) and you will get out real quick if you are thinking in those terms.  It's either going to go one way or another, it will be platinum to Bitcoins Gold or it will be a bust. Just remember to invest with what you can afford to lose, and if it were me, I would just keep it in cold storage for 3-5 years and see what happens then.

That sounds like sound advice to me.

On the other hand, DOGE had a LOT of true believers too, and today you can buy a DOGE for 37 satoshi.

~LOL~

[s1gs3gv]

In a competitive environment, FCT will race to the bottom of near zero profit margins.  In contrast, Monero has a natural monopoly as the reference currency of a growing economy.  I don't think the U.S. government is so easily corrupted as to prefer the interests of factom holders to those of the tax-payers.  Certainly fintech startups will reach for anything in their desperation.  It's not like "Wall street" is referring to a bank consortium or something.  In fact the FX majors have their own settlement chain in development.  Players small enough to resort to factom are too small to have a significant value-add, unless they come up with some proprietary innovation.  I am not seeing it.

Monero derives its utility from fungibility and scarcity.  Factom derives its utility from uniqueness.  The two are radically different, and serve radically different markets.  Comparing them on mcap is a category error.

This.

But remember all these projects are open source and therefore there is very little barrier to entry for competitors.

[s1gs3gv]

It's September 1st now and it's going sideways between 0.015 - 0.014
This was such a huge pump that people can easily make money even if price goes down to 0.013, buying volume spiked around this price on the way up.
Unless one is truly convinced about long term value this is not the time to buy.

Look at the XMR all time chart on Polo. Its insane. You'd expect to see a serious dump after this kind of runup. We haven't. The price is behaving very well considering. This an auspicious sign.

Get it while it is cheap and hodl. ~LOL~

disclaimer: I don't give investment or financial advice. My comments are just conjecture mixed with a little hopium and more than a little experience.

[owlcatz]

It's September 1st now and it's going sideways between 0.015 - 0.014
This was such a huge pump that people can easily make money even if price goes down to 0.013, buying volume spiked around this price on the way up.
Unless one is truly convinced about long term value this is not the time to buy.

Look at the XMR all time chart on Polo. Its insane. You'd expect to see a serious dump after this kind of runup. We haven't. The price is behaving very well considering. This an auspicious sign.

Get it while it is cheap and hodl. ~LOL~

disclaimer: I don't give investment or financial advice. My comments are just conjecture mixed with a little hopium and more than a little experience.

It's not "suspicious" at all. Darknetmarkets are using the currency. There will be a dump, but nothin epic before yet another pump - Plus, the hardfork is approaching so we will all need new binaries soon, and rumor has it there may be gui beta binaries in there!

[xmrlove]

To me it looks like someone try to get cheap coin. They get REKT.   - price will be over 2 MILL satoshi soon and they will must buy in higher!

[ImHash]

I remember monero at around $1 or some times $2 near 6 months ago but wasn't it the same monero then?
What has happened since to change the price this much as we see it today?

[Febo]

I remember monero at around $1 or some times $2 near 6 months ago but wasn't it the same monero then?
What has happened since to change the price this much as we see it today?

Basicly nothing changed. Just steady progress. All what is in Monero today was predicted a year ago.

Problem is there are so many coins that people just cant see which real flowers are.

[LiberOptions]

Cyber Security Experts Expect a Rise in Monero Ransomware


Cyber criminals and hackers will soon ditch Bitcoin for Monero. Cyber security experts have anticipated the shift to happen in the near future. They believe that the ransomware creators and distributors will start demanding ransom in Monero instead of Bitcoin in the coming days. The shift will be influenced by the additional privacy and security offered by Monero. Bitcoin transactions are known to be pseudonymous at best. In spite of taking extra precautions, like using coin tumbling...


http://www.newsbtc.com/2016/09/10/experts-expect-rise-in-monero-ransomware/

[mirakal]

I remember monero at around $1 or some times $2 near 6 months ago but wasn't it the same monero then?
What has happened since to change the price this much as we see it today?

Basicly nothing changed. Just steady progress. All what is in Monero today was predicted a year ago.

Problem is there are so many coins that people just cant see which real flowers are.

That's right, I have been hearing monero long before but it does not catch my attention, only now that the price are soaring which gives me interest to research on the coins and hope to keep more for the future, and by the way i like the price today so I think I will start buying now.

[culexevilman]

Bitcoin value will increase as it exits the Dark Net Marketplaces.  (Remember what happened after the Silk Road bust?  New ATH)
Monero value will increase as it enters the DNMs.

Right place and right time for both.

Agreed.

With being on the cusp of financial calamity alternative assets/currencies will likely revalue to the upside in the impending global economic contraction (i.e. recession and possibly beginning of a depression).

I suspect in the next 2-4 months the financial world will have some huge rumblings.

Are you sure? Only in 2-4 months? That is very close to happening and on time for christmas too. For you, what will be the catalyst of the new economic or financial collapse?

If there really is one that is going to happen I speculate that the governments around the world will again print $trillions worth of fiat to stimulate the falling economy. They will not allow a real collapse to happen just like in 2008.

Yes 2-4 months it will begin.

The catalyst is poor-broken-monetary-policy since 8 year ago and longer.

The bolded portion they will do for sure. Will it work? It might do a little but that is just like trying to stimulate a junkie crack addict, eventually the person is dead (person = the economy). Monetary heorine = cheap money printing.

The whole system is flawed. One giant broken experiment that will live on in the history books as one of the worst ever (assuming there are history books in the future).

I am on the same time frame as you, I was early about 2 years :/

Good to see moneros getting some deserved attention, the devs are good people, intergrity, bitcoin is just not the same like the days satoshi was around...

[bbc.reporter]

https://cointelegraph.com/news/the-fbi-wants-zero-privacy-security-bitcoin-community-should-protect-its-freedoms

Peter Todd saying good things...

This is most def classic accumulation phase....price is showing great strength at these levels. excellent.

Coinbase transactions coming with HARDFORK ON 21ST of this month = added layer of privacy coming to XMR

RING CT is in testnet right now... = coming in march 2017(maybe earlier)(testing has started now) = even more privacy for XMR

= Bullish signs

Yes. What I like more about Monero is that it is becoming a political statement in these times of government spying and snooping on its citizens. I am encouraging the use of Monero among my cryptocoin friends and encourage them to hold the coin also.

I have a question about the darknet markets. Is there any legal items for sale there? Are there merchants that accept XMR but sell harmless but embarrassing items to buy like dildos or sex dolls?

[Blazin8888]

1.2 MILL - 1.5 MILL SATOSHI seems reasonable. I expect us to correct and hover around that area for some time. Wont go any lower than that. We are still up over 1 MILL SAT from earlier ...remember this. When RING CT is fully implemented in the next 6 months the price should reflect that and power through previous ATH. This is way more than any of us could have asked for. BE THANKFUL and dont panic. XMR is showing great signs. However the next great milestone will be RING CT implementation. Depending on how TESTNET goes I will be investing more in January-February 2017. I expect the price to jump again closer to that time frame. For now XMR will show the world how strong it is. Even if we do go to 1.2 - 1.5 MILL that is still price strength IMO. Look at how far we have come since I made this thread.

You are already a winner if you are here now. Patience is key. Price will come in time. Opportunity is everywhere in the crypto space, you just have to learn how to find it.

[xmrlove]

for me I will continue to buy. This is stable coin price

[owlcatz]

for me I will continue to buy. This is stable coin price

For now... It was slightly cheaper yesterday, though if you are still accumulating you may want to wait and see where it goes next.