Monero (XMR) Speculation thread

[smooth]

However, if you make a thread to speculate about Monero, I'm free to add my speculation there.

I agree on this point. Both positive and negative views should be welcome. A speculation thread is not a promotion or cheerleading thread.

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[drawingthesun]

I'm so tired of this bloat FUD!

Is it bloat if the space is actively being used to ensure anonymity? Bloat is stuff that you don't want, as if the space is being used for stuff that we should get rid of.

It isn't bloat, the blockchain is 100% the way it is to ensure anonymity, something no other network can offer.

CryptoNote anonymity is the worlds first decentralized, digital cash. This requires space, and isn't really bloat.

Damn, the FUDsters will try anything!

If you don't want to worry about the space requirements, go back to paypal!

[Vanderi]

Monero needs to break this downtrend first before we can rise up again..



EDIT:



Same line, only with support drawn @ 0.00334. Closing around 15-16 augustus, personally I think we will break upwards or move sideways, very little chance of breaking downwards.

Any other opinions on this?

Yeah, we will do a breakout. Less than a week.

Also, BR is trying to keep the price down, he knows he's good at manipulating so he uses that to buy in low. Anything else is smoke and mirrors baby, smoke and mirrors.

[giveBTCpls]

Im considering putting a little 0.1 BTC on there before the price goes up again. This high DRK price with low XMR price situation is ridiculous and it's only a matter of time before we break from it. XMR is pretty much destined to take DRK's place.

[Jhyrachy]

i was considering buy 0.0034 of bitcoin (100% of my budget XD) in monero.
Do you think it will be better to wait a bit to come down to 0.0033 or buy now at 0.0035?

[giveBTCpls]

i was considering buy 0.0034 of bitcoin (100% of my budget XD) in monero.
Do you think it will be better to wait a bit to come down to 0.0033 or buy now at 0.0035?

I have no idea as I am not a wizard but, personally I think it cannot get any lower without hands starting to get nervous (panic buying in this case). I think 0.0025 is the super panic buy trigger but 0.0033 is the "guys we should be buying by now" trigger. It depends on how much you want to risk by waiting more to buy more cheap XMR.

[drawingthesun]

Im considering putting a little 0.1 BTC on there before the price goes up again. This high DRK price with low XMR price situation is ridiculous and it's only a matter of time before we break from it. XMR is pretty much destined to take DRK's place.

Actually Monero is already as high as DRK.

The supply will be about 14,400,000 in four years, because this is when the fast release burns out and the 4 million coins after that will take a while.

So to invest you should plan for this four year scenario at least.

So Monero is currently worth about 50,000 bitcoin.

I believe Monero is worth easily 10 times that, however that is a big chance.

Please do not make the mistake thinking Monero is cheap, I really don't think it is. It's already number 5 on the marketcap charts.

I'm not sure how many DRK will be mined, I don't think it's a lot though.

TL:DR; Monero is current worth 50,000 bitcoin, don't invest thinking you're getting cheap coins.

[infofront]

Cheap is relative. If you really believe the price will go up 10x anytime soon, then perhaps it is cheap.

[infofront]

The Monero bloat argument is just a rehash of the old bitcoin bloat argument.

It's still a non-issue that's used as FUD by the nonbelievers.

[drawingthesun]

The Monero bloat argument is just a rehash of the old bitcoin bloat argument.

It's still a non-issue that's used as FUD by the nonbelievers.

I totally agree and consider it not bloat, but apart of the design.

Has a nuclear aircraft carrier got bloat because of all the pipes, wires, controls systems and dangerous fuel needed to run the reactor? It's not really bloat if it can sail non stop for 25 years vs an aircraft carrier that may be simpler with a diesel engine, but has to refuel throughout wartime degrading a country's military capabilities.

Is it really bloat if it can hide your wealth and purchase history from a third party?

[Vanderi]

Im considering putting a little 0.1 BTC on there before the price goes up again. This high DRK price with low XMR price situation is ridiculous and it's only a matter of time before we break from it. XMR is pretty much destined to take DRK's place.

So where will the price go and when? Speculate plox.

[Febo]

Im considering putting a little 0.1 BTC on there before the price goes up again. This high DRK price with low XMR price situation is ridiculous and it's only a matter of time before we break from it. XMR is pretty much destined to take DRK's place.

So where will the price go and when? Speculate plox.

It will not change much this year.

[Brilliantrocket]

So you are betting on peoples ignorance for Darkcoin usage go up, wow so fitting for such immoral and instamined coin.

If there's two things that you can bet on, it's human stupidity and laziness. Build your model with these things kept in mind if you want to succeed.

[Vanderi]

So you are betting on peoples ignorance for Darkcoin usage go up, wow so fitting for such immoral and instamined coin.

If there's two things that you can bet on, it's human stupidity and laziness. Build your model with these things kept in mind if you want to succeed.

Ok, here goes. http://lmgtfy.com/?q=darkcoin+instamine%3F

[Brilliantrocket]

You guys are funny. I couldn't care less about the instamine. Try explaining the difference to someone who is not familiar with crypto. They won't care either. This is relevant, as that's where a good deal of new money will come from.

[fluffypony]

You guys are funny. I couldn't care less about the instamine. Try explaining the difference to someone who is not familiar with crypto. They won't care either. This is relevant, as that's where a good deal of new money will come from.

That money is minuscule compared to institutional money, and institutional investors / speculators won't touch it because of the instamine.

[Brilliantrocket]

You guys are funny. I couldn't care less about the instamine. Try explaining the difference to someone who is not familiar with crypto. They won't care either. This is relevant, as that's where a good deal of new money will come from.

That money is minuscule compared to institutional money, and institutional investors / speculators won't touch it because of the instamine.

As with everyone else, they'll buy what works. An instamine of roughly 10% of total eventual supply is a far less of an issue than the trolls make it out to be. I remember when Darkcoin was under ten cents, and people said it won't go anywhere because of the instamine. They were wrong. In due time, you'll be proven wrong as well.

[btchaste]

I just bought 0.25 worth of Monero, I don't know if it will be a nice investment, probably I'm gambling it but I wanted to try.

[othe]

You guys are funny. I couldn't care less about the instamine. Try explaining the difference to someone who is not familiar with crypto. They won't care either. This is relevant, as that's where a good deal of new money will come from.

That money is minuscule compared to institutional money, and institutional investors / speculators won't touch it because of the instamine.

As with everyone else, they'll buy what works. An instamine of roughly 10% of total eventual supply is a far less of an issue than the trolls make it out to be. I remember when Darkcoin was under ten cents, and people said it won't go anywhere because of the instamine. They were wrong. In due time, you'll be proven wrong as well.

Investors aren't stupid, if they thing someone has enough coins to crash the whole market then they will simply stay away as the reward isn´t worth the immense risk.
The Instamine is currently ~40-50% and due to Darkcoins cheating of:
1) Capping the MAX coins after launch
2) Basing their reward on Nethash *

it will stay 40-50% for a long time...

But talk it good were you can, for sure real investors will read your posts and put millions in.


* Fun fact: Every faster miner for drk effectly caused the miners to mine LESS as everyone upgraded, the nethash gone higher and reached the 5 coins/reward limit; Damn that dude really got his economics right...

[drawingthesun]

You guys are funny. I couldn't care less about the instamine. Try explaining the difference to someone who is not familiar with crypto. They won't care either. This is relevant, as that's where a good deal of new money will come from.

I hope you're trolling and not being serious. Explaining the concept of a premine/instamine to a layman is far easier than explaining almost anything else in crypto.

"Hey, this weird crypto thing, do you want to invest? But before you do I'll let you know, the guy that created it made it so he could collect 10% of the entire supply in a matter of days, it's that guy who will crash the price at the peak by selling the lot, happy investing!"

The concept of unfair distribution is one of the easier concepts to get your head around when explaining crypto.