[XMR] Monero - A secure, private, untraceable cryptocurrency

[celestio]

Did you make this from scratch? Can you provide source files? Looks awesome, this could really be a great mascot. +1 for naming it "Luke".

Sure, here you go

Wow, very nice. I've also grown found of that masked crusader for anonymity!  

[equipoise]

I am trying to transfer small sums, like 2 or 1 or 3 moneros, and it keeps saying the transaction size is to big, whereas yesterday I was able to transfer more than 5 monero at once, what is going on :/

The problem is dust from the pools - you have a huge amount of inputs when spending. Pools won't sent you dust any more and in the next version the wallet will split the transactions for you (with larger fee). Currently your only option is to send smaller amounts (possibly to a new wallet of yours so you could then transfer it all at once).

[expert-lister]

I lost about ~20 BTC here  why XMR is down!!!!!!

[shulio]

So! Like every other shitcoin monero get listed on mintpal, get pumped and after that get dumped . I fall in the trap of pump just because have too much confidence and was thinking that monero is something different. I was wrong

[ol92]

So! Like every other shitcoin monero get listed on mintpal, get pumped and after that get dumped . I fall in the trap of pump just because have too much confidence and was thinking that monero is something different. I was wrong

Monero hasn't be pumped on mintpal yet... only dumped!
I has been pumped on poloniex before mintpal arrival.
There will be probably some pump on mintpal one day, probably not too far away, when big mintpal pumpers will have accumulated enough cheap xmr to launch the pump.

[hitbtc]

Did you make this from scratch? Can you provide source files? Looks awesome, this could really be a great mascot. +1 for naming it "Luke".

Sure, here you go

Thanks, but I was thinking more like .psd files or whatever you use. Do you draw these yourself or did you hire a designer ?

.PSD - This one is for your good intentions. Luke was drawn by our staff designer, so yes to both answers 

[statdude]

I lost about ~20 BTC here  why XMR is down!!!!!!

Not enough short term catalysts.

Last week, there was "Mintpal".

nothing really for the casual investor to look forward to on a rigid or short-term timeframe.
i'd expect the next price rise when there is, unfortunately.

[TheKoziTwo]

I lost about ~20 BTC here   why XMR is down!!!!!!

There are not enough buyers to sustain a price of say 0.008 at the moment. 24k XMR is being mined every day, at 0.008 that's 192 btc. Surely it's not all dumped on the market but it's certainly contributing to downward pressure along with people who bought higher that are now selling in panic and also people who bought much lower who secures profit in btc. Nothing surprising about this, every large price increase tends to overshoot and come back down. Hopefully you still got a decent amount of BTC, buying range 0.002-0.004 is decent (buy more the lower it goes). In fact previous increase when XMR was added to poloniex took us to 0.008 and down to about 0.0017 before it turned up again. I think we're staying above 0.002 this time though.

[TheKoziTwo]

Did you make this from scratch? Can you provide source files? Looks awesome, this could really be a great mascot. +1 for naming it "Luke".

Sure, here you go

Thanks, but I was thinking more like .psd files or whatever you use. Do you draw these yourself or did you hire a designer ?

.PSD - This one is for your good intentions. Luke was drawn by our staff designer, so yes to both answers 

Perfect! Thank you very much. I may try to hire him one day if he is available.

[Quicken]

Bouncing around the 0.004 support level today.
FWIW, I expect improvements to GPU mining and a dust transaction solution to drive the price down further. YMMV

[expert-lister]

No short-term catalysts, I send it to my wallet for future. I believed it will be growth soon but when is soon? 1 week or 1 year
My trading turnover is low now, because my main asset is XRM.
So we need ~300 BTC or more buyer daily for long-term pump

[damiano]

I lost about ~20 BTC here  why XMR is down!!!!!!

There are not enough buyers to sustain a price of say 0.008 at the moment. 24k XMR is being mined every day, at 0.008 that's 192 btc. Surely it's not all dumped on the market but it's certainly contributing to downward pressure along with people who bought higher that are now selling in panic. Nothing surprising about this, every large price increase tends to overshoot and come back down. Hopefully you still got a decent amount of BTC, buying range 0.002-0.004 is decent (buy more the lower it goes). In fact previous increase when XMR was added to poloniex took us to 0.008 and down to about 0.0017 before it turned up again. I think we're staying above 0.002 this time though.

My target was .0045 as the bottom, but I'm thinking .0035-.0038 now.  Anything in .002 is just to cheap.

[JohnArcher512]

So! Like every other shitcoin monero get listed on mintpal, get pumped and after that get dumped . I fall in the trap of pump just because have too much confidence and was thinking that monero is something different. I was wrong

Buying into fuss generated by a bunch of bots: way to go, man! Well, at least you realized how wrong you were before it's too late.

[SirChiko]

I lost about ~20 BTC here   why XMR is down!!!!!!

There are not enough buyers to sustain a price of say 0.008 at the moment. 24k XMR is being mined every day, at 0.008 that's 192 btc. Surely it's not all dumped on the market but it's certainly contributing to downward pressure along with people who bought higher that are now selling in panic and also people who bought much lower who secures profit in btc. Nothing surprising about this, every large price increase tends to overshoot and come back down. Hopefully you still got a decent amount of BTC, buying range 0.002-0.004 is decent (buy more the lower it goes). In fact previous increase when XMR was added to poloniex took us to 0.008 and down to about 0.0017 before it turned up again. I think we're staying above 0.002 this time though.

meanwhile block reward dropped bellow 16 xmr, and will keep going down

The reward did half but value didn't double signals something wrong with value, no? Why should it magically go up?

[Jshank]

No more bitching about price drops. You invested in a alpha-stage currency in the infancy of crypto-currencies. Adoption will be stifled if everyone just cares about is doubling up over night. Go to a casino! Keep in mind the broader goal of creating a balanced and decentralized currency in which the world can participate. This is what the crypto-currency movement needs to be about . Not quickly turning over your XMR for USD/EUR, but competing with the established system. I believe if we lose this vision the movement will fail. So everyone hold on, you knew this would be a ride . When everybody thinks XMR is worth an ounce of gold the price will be an ounce of gold , right now consensus says XMR is worth 0.00414935 BTC.

[frillyozz]

The reward did half but value didn't double signals something wrong with value, no? Why should it magically go up?

The reward did not half. There is no block halving with Monero. Its a slow progressive decreasing reward.

[expert-lister]

No more bitching about price drops. You invested in a alpha-stage currency in the infancy of crypto-currencies. Adoption will be stifled if everyone just cares about is doubling up over night. Go to a casino! Keep in mind the broader goal of creating a balanced and decentralized currency in which the world can participate. This is what the crypto-currency movement needs to be about . Not quickly turning over your XMR for USD/EUR, but competing with the established system. I believe if we lose this vision the movement will fail. So everyone hold on, you knew this would be a ride . When everybody thinks XMR is worth an ounce of gold the price will be an ounce of gold , right now consensus says XMR is worth 0.00414935 BTC.

Impossible is impossible.
All trading system in crypto-currencies is similar to casino.

[5w00p]

I lost about ~20 BTC here  why XMR is down!!!!!!

such wow 20btc so gell us

[aminorex]

Difficulty was low early in the month.  When AWS bills came due all the easy coins were sold.  What remains are expensive coins. Due to cloud mining expect price to rise with difficulty this month, at least 2x.  Down from highs again at the end of the month.  Miners have little vision*self-control. Not that most traders have any more.

[Mumbles]

This thread is pretty disturbing for multiple reasons.

1) Tons of posts about a stupid furry mascot. Who gives a shit. Lets focus on the actual coin and developments.
2) Devs making incredibly slow progress and not accepting any help. Almost no change in anything from last week missive to this week's. Still analying white paper?! WTF.
3) Still no decent website. Still not accepting help for making the website better.
4) Still no progress on size issue, and no mention of the analysis done that said that there is no way to accomplish the reduction unlike other coins.

There is a window of time you get to promote and grow a new technology and get the adoption curve exponential. If you miss it, you get to hang out with the 400 other coins that also missed it. I get no sense of urgency from the devs, and cannot for the life of me understand why they don't accept help. They say they have a team working on "it", but nothing makes much progress. So either the team is not very good, not big enough, or not focused enough. All of those would seem to indicate the solution is to expand and get more help, especially since its free with volunteers.

There are dozens of coins actively in development with strong teams trying to beat XMR. This community needs to wake up if its going to succeed.