Monero (XMR) Speculation thread

[dEBRUYNE]

There is already over 9,000 XMR infront of the wall! Bids are building up nice. This is the true trend reversal we are seeing.

Wall is at 0.00384 now, rpietila how high do you think this run-up will go? Fundamentals are looking much better than the run-up to 0.01 and 0.0058..

@ Aminorex, which price do you think is sustainable? Looking at mining and inflation?

[rpietila]

Very hard to say. 

[smooth]

which price do you think is sustainable? Looking at mining and inflation?

That is entirely a function of how much capital people are willing to flow into the coin. That in turn is a function of both usage and speculation, so in practice at this point almost entirely speculation, though we are beginning to see the first glimmers of usage.

[rpietila]

That is entirely a function of how much capital people are willing to flow into the coin. That in turn is a function of both usage and speculation, so in practice at this point almost entirely speculation, though we are beginning to see the first glimmers of usage.

During the last 2 weeks, I have:
- fulfilled the "20 monero pizza" deal when the former Mayor of Rakvere (no previous association with any crypto) drove 30 kilometres to deliver 2 steaming pizzas to Malla;
- paid a part of our chef's salary in XMR;
- paid a part of our waiter's wages in XMR;
- signed a business venture denominated in XMR, paid my share in XMR;
- sold some XMR for BTC, OTC;
- tried to buy some similarly, but was defaulted upon (thanks escrow);
- decided to accept XMR for everything in Malla, in equal terms as BTC.

Not bad for a currency without any usage whatsoever...

[aminorex]

I just had a lovely meeting with one of the founders of an enterprise who does bitcoin swaps with hedge funds.  Funds often are not interested in the custodial issues of bitcoin.  In other securities, their prime broker would handle such details.  What they are comfortable with is swaps. In order to gain exposure (long or short) to bitcoin, they need a swaps counterparty, and banks won't touch the stuff.  The company is quite a clever niche player, with a lot of growth potential.  If they ever wanted a machine learning / econometric modeling guy with crypto exposure, I'd be tempted.  I will definitely hook them up with fund contacts which are interested in the crypto space.  While most of the principals have plenty of BTC exposure in their PA, the enterprise is delta-neutral, and lives on carry.

He was very interested in Monero.  I hit all the high points, the natural monopoly liquidity provider niche, the enhanced upside relative to BTC, the quality of the development work, the fair launch, the rigorous crypto, the fungibility hedge.  Most other aspects I might emphasize to another audience were mostly redundant.  He got it right away.  He asked about the relation to DRK, Zerocash, which he was aware of, and BCN of which I informed him, and I addressed these to his satisfaction.  He won't take my word for any of this, I am sure:  He will do a thorough work of diligence, and add it to the portfolio of options which are provided to his company's clients, which are mostly funds, family offices, and prop desks.

I think it was a productive meeting, for Monero, because this company is a network nexus in the financial community for things crypto.  The proselytic impact will be highly levered by the social network centrality of the subject.

[eratta]

- signed a business venture denominated in XMR, paid my share in XMR;

Colour me curious. Can you elaborate?

[vuduchyld]

I just had a lovely meeting with one of the founders of an enterprise who does bitcoin swaps with hedge funds.  Funds often are not interested in the custodial issues of bitcoin.  In other securities, their prime broker would handle such details.  What they are comfortable with is swaps. In order to gain exposure (long or short) to bitcoin, they need a swaps counterparty, and banks won't touch the stuff.  The company is quite a clever niche player, with a lot of growth potential.  If they ever wanted a machine learning / econometric modeling guy with crypto exposure, I'd be tempted.  I will definitely hook them up with fund contacts which are interested in the crypto space.  While most of the principals have plenty of BTC exposure in their PA, the enterprise is delta-neutral, and lives on carry.

He was very interested in Monero.  I hit all the high points, the natural monopoly liquidity provider niche, the enhanced upside relative to BTC, the quality of the development work, the fair launch, the rigorous crypto, the fungibility hedge.  Most other aspects I might emphasize to another audience were mostly redundant.  He got it right away.  He asked about the relation to DRK, Zerocash, which he was aware of, and BCN of which I informed him, and I addressed these to his satisfaction.  He won't take my word for any of this, I am sure:  He will do a thorough work of diligence, and add it to the portfolio of options which are provided to his company's clients, which are mostly funds, family offices, and prop desks.

I think it was a productive meeting, for Monero, because this company is a network nexus in the financial community for things crypto.  The proselytic impact will be highly levered by the social network centrality of the subject.

Doing work!  I like it.

[camu6]

I just had a lovely meeting with one of the founders of an enterprise who does bitcoin swaps with hedge funds.  Funds often are not interested in the custodial issues of bitcoin.  In other securities, their prime broker would handle such details.  What they are comfortable with is swaps. In order to gain exposure (long or short) to bitcoin, they need a swaps counterparty, and banks won't touch the stuff.  The company is quite a clever niche player, with a lot of growth potential.  If they ever wanted a machine learning / econometric modeling guy with crypto exposure, I'd be tempted.  I will definitely hook them up with fund contacts which are interested in the crypto space.  While most of the principals have plenty of BTC exposure in their PA, the enterprise is delta-neutral, and lives on carry.

He was very interested in Monero.  I hit all the high points, the natural monopoly liquidity provider niche, the enhanced upside relative to BTC, the quality of the development work, the fair launch, the rigorous crypto, the fungibility hedge.  Most other aspects I might emphasize to another audience were mostly redundant.  He got it right away.  He asked about the relation to DRK, Zerocash, which he was aware of, and BCN of which I informed him, and I addressed these to his satisfaction.  He won't take my word for any of this, I am sure:  He will do a thorough work of diligence, and add it to the portfolio of options which are provided to his company's clients, which are mostly funds, family offices, and prop desks.

I think it was a productive meeting, for Monero, because this company is a network nexus in the financial community for things crypto.  The proselytic impact will be highly levered by the social network centrality of the subject.

The Core Team is looking for Monero elevator speeches.

Instantly thought of you.

http://www.reddit.com/r/Monero/comments/2e4w03/moneros_elevators_speech/

[dEBRUYNE]

soo....we continue ? 

risto was right, 394 was yesterdays peak, we did not manage to climb higher. Retreat to about 350/345 now with a lot of support at 350.
anyway, a lot of action also happening outside xmr markets, maybe this will keep bigger players distracted for some time.

the walls are still playing and moving as soon it gets serious

There was a big ask wall also @ 0.0036 if I recall correctly, which is completely bought up now. So we can resume the uptrend 

i think part of it was eaten (4k by risto as he said). after that, the wall was removed. 

Looking at the 1 minute chart, there was 1 buy of 9632 monero @ 02:01 and 1 buy of 5000 monero @ 08:53 (both @ 0.0036). You can look it up yourself. I am in timezone GMT +1 (Amsterdam), so you have to adjust for you own timezone.

[erks221]

I would like to buy some Monero coins, but have not any idea how to do it. Did some googling, but didn't find any good help. If anyone could help! Thanks for any help!

[GreekBitcoin]

soo....we continue ? 

risto was right, 394 was yesterdays peak, we did not manage to climb higher. Retreat to about 350/345 now with a lot of support at 350.
anyway, a lot of action also happening outside xmr markets, maybe this will keep bigger players distracted for some time.

the walls are still playing and moving as soon it gets serious

There was a big ask wall also @ 0.0036 if I recall correctly, which is completely bought up now. So we can resume the uptrend 

i think part of it was eaten (4k by risto as he said). after that, the wall was removed. 

Looking at the 1 minute chart, there was 1 buy of 9632 monero @ 02:01 and 1 buy of 5000 monero @ 08:53 (both @ 0.0036). You can look it up yourself. I am in timezone GMT +1 (Amsterdam), so you have to adjust for you own timezone.

Yep, i saw those. Someone is buying large..

[GreekBitcoin]

I would like to buy some Monero coins, but have not any idea how to do it. Did some googling, but didn't find any good help. If anyone could help! Thanks for any help!

Poloniex.com has the biggest volume. There are other exchanges on the OP of monero main thread.

[dEBRUYNE]

I would like to buy some Monero coins, but have not any idea how to do it. Did some googling, but didn't find any good help. If anyone could help! Thanks for any help!

Like GreekBitcoin said, you can find the exchanges in the OP of the monero thread: https://bitcointalk.org/index.php?topic=583449.0

Personally I find poloniex the best option, but there are also other exchanges. If you are going to buy large quantities it would be wise to choose an exchange with much volume. Volumes can be seen here http://coinmarketcap.com/currencies/volume/24-hour/#xmr , scroll down if it doesn't go automaticaly to monero. As you can see poloniex has the greatest liquidity at the moment.

[trader001]

Seem like cloak coin is competiting with XMR on anon feature.

Do both use the same method and technology?

[erks221]

I would like to buy some Monero coins, but have not any idea how to do it. Did some googling, but didn't find any good help. If anyone could help! Thanks for any help!

Poloniex.com has the biggest volume. There are other exchanges on the OP of monero main thread.

Thank you! But how can I make Monero wallet?

[GreekBitcoin]

I would like to buy some Monero coins, but have not any idea how to do it. Did some googling, but didn't find any good help. If anyone could help! Thanks for any help!

Poloniex.com has the biggest volume. There are other exchanges on the OP of monero main thread.

Thank you! But how can I make Monero wallet?

Try this http://monero.cc/getting-started/ and if something doesnt work then ask about the errors you get if you get any. But please this is a Speculation Thread. Ask here https://bitcointalk.org/index.php?topic=652305.60  or try IRC  #monero 

[Ryota]

I am interested to invest in Monero for the long term but I have many concerns.

- I use a virtual machine and I can't install monero on XP (32 bit), all platforms should be supported.

- When BTC is rising, LTC/BTC goes up but not monero, so we loose money, it seems difficult to grow without btc-e and bigger exchanges.

[dEBRUYNE]

Seem like cloak coin is competiting with XMR on anon feature.

Do both use the same method and technology?

No they use different methods/technology. Maybe some one here can elaborate this better? I am not up to speed what's happening with cloak..

[JohnD]

I am interested to invest in Monero for the long term but I have many concerns.

- I use a virtual machine and I can't install monero on XP (32 bit), all platforms should be supported.

- When BTC is rising, LTC/BTC goes up but not monero, so we loose money, it seems difficult to grow without btc-e and bigger exchanges.

Why should anybody support a platform that is outdated like XP?
Should we support Amiga and Atari too?

[Ryota]

I am interested to invest in Monero for the long term but I have many concerns.

- I use a virtual machine and I can't install monero on XP (32 bit), all platforms should be supported.

- When BTC is rising, LTC/BTC goes up but not monero, so we loose money, it seems difficult to grow without btc-e and bigger exchanges.

Why should anybody support a platform that is outdated like XP?
Should we support Amiga and Atari too?

Is Monero a cryptocurrency for geeks only?

Don't forget the people that don't use the latest hardware.. They are numerous...