[XMR] Monero Speculation

[kurious]

It would be nice if we could bottom ~0.0013, that's exactly on the following support line. In addition, we also have some support at 0.00131.

It would indeed be nice.

I can't be the only one here who has an average buy price for a fair chunk of XMR at a level above 0.0013.

Been buying at many stops under the 20's but getting too low on ammo to average down any more just now..

It's looking oversold on a dollar value basis, so I am hopeful 13 is bottom. Pitching my last couple of available BTC in now

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[dEBRUYNE]

It would be nice if we could bottom ~0.0013, that's exactly on the following support line. In addition, we also have some support at 0.00131.

--snip--

It would indeed be nice.

I can't be the only one here who has an average buy price for a fair chunk of XMR at a level above 0.0013.

Been buying at many stops under the 20's but getting too low on ammo to average down any more just now..

It's looking oversold on a dollar value basis, so I am hopeful 13 is bottom. Pitching my last couple of available BTC in now

And back above 0.0014, what a rollercoaster. Anyway, if we can "paint" a bottom here it would signal some strength, because basically we bounced of that line now.

I think 95%, if not even more, have a average buy in price above the current level. Bear in mind, that we've only been briefly below this level and have been way higher for a longer amount of time. Thus, there is basically no way many people would've profited from it to the extent that they have a buy-in price below this level.

Furthermore, the daily and the 3D RSI shows that we're heavily oversold. I've never seen the daily RSI this low (~20) and even the 3D RSI is droping below 30.

[americanpegasus]

If you have an opinion on the matter, we just had a topic on Reddit discussing what to eventually call Monero atomic units on Reddit.  (Yes, it's a conversation we've had before, and will have again). 
 
My favorite is a combination of the most popular suggestions, a millionth of a Monero being called a nero, and a millionth of a nero being called an eta. 
 
Check out the topic if you like: https://www.reddit.com/r/Monero/comments/3q21yx/its_time_to_argue_about_what_atomic_units_of/

[americanpegasus]

As far as the price being low, assuming my Coinbase buy goes through (it wasn't a ridiculous buy, but kind of large and I've recently changed my phone number), I'll be buying some new Monero right around Halloween, and am terribly impatient so likely won't dollar cost average very well. 
 
That will likely move the price just slightly, but more importantly complete the bulk of my Monero holdings such that even if I never got to buy any more I wouldn't feel bad through successive magnitude growths.... Though I plan to keep adding while the price is under a dollar.  It seems silly not to, whether it's 20 cents or 90 cents. 
 
I have always enjoyed gambling, and I think to myself: what's a better "bet"?  $300 spent at the casino or $300 in Monero held for several years? 
 
Also, once the GUI is done I plan on converting a small portion of my salary every check (1% to 5%) and spending it on Monero related goods and services around the Internet to encourage economic velocity.  Even if it sounds impossible initially, lots of artists, programmers, and other creatives don't mind getting paid in a new currency.  Back during the Dogedays I successfully spent hundreds of dollars paying people in Dogecoin to help me create things. 

[americanpegasus]

Sorry for third post in a row, but I also wanted to geek out over another fact I find amazing.  
  
Monero is very new, but has the best mathematics and development of any cryptocurrency on the Internet - hands down.  All the pieces are there, and you can go compile and review the source code yourself, as well as see the amazing work that's being done.  No trust is required.  
  
And yet, somehow, anyone in a first world country can still afford a ridiculous share of it.  It would take some risk on your part, no doubt.  I have 100% of my savings in Monero because I believe in it that much, and perhaps the idea of spending thousands of dollars to acquire Internet tokens you aren't familiar with is daunting, but this is the same conundrum those interested in early Bitcoin found themselves in.  Back in 2010/2011 it was damn near impossible to safely acquire large amounts of Bitcoin, the same of which cannot be said against Monero today with services like Coinbase and Poloniex.  
  
Yet seeing everything we see now, we still have the chance to own anywhere from a 1/10% to 1/2% all the way to even 1% of the entire currency, which is pretty damn absurd.  And this isn't ChorizoCoin, this is Monero - the most prominent crypto in the world other than Bitcoin itself (considering social media discussion... How much excitement around litecoin have you seen recently).  The Winklevoss twins themselves only own half a percent each of the Bitcoin ledger and they are considered leviathans of the space.  
  
In poker the best strategy is simple in theory, hard in practice.  Play tight, and don't swing at much.  Keep a low profile and look for opportunities.  But, when you see an opportunity you like, you don't limp in.  You fucking attack it with everything you got.  That's called tight and aggressive, and it's exactly how one ought to play crypto speculation.  
  
And there has never been an opportunity like Monero, in the history of mankind.  
  
Tight and aggressive is the winning strategy, ladies and gentlemen, just like how I am approaching Monero.

[XMRpromotions]

I have 100% of my savings in Monero because I believe in it that much

Monero is the leading anonymous (with optional transparency) coin in crypto and has a good chance to retain that position as the market expands dramatically in the coming years. It is still crazy to go all in (with 100% of your crypto holdings) on one coin.

Why not put some in bitcoin? If you love CryptoNote why not put a little in Boolberry and Aeon too? Ethereum seems overpriced to me based on development so far, but putting some percentage of your portfolio in other 2.0 projects still makes some sense.

Diversify, at least a little!

[XMRpromotions]

If you have an opinion on the matter, we just had a topic on Reddit discussing what to eventually call Monero atomic units on Reddit.  (Yes, it's a conversation we've had before, and will have again). 
 
My favorite is a combination of the most popular suggestions, a millionth of a Monero being called a nero, and a millionth of a nero being called an eta. 
 
Check out the topic if you like: https://www.reddit.com/r/Monero/comments/3q21yx/its_time_to_argue_about_what_atomic_units_of/

I like nero, but am not sold on eta yet.

[farfiman]

If you have an opinion on the matter, we just had a topic on Reddit discussing what to eventually call Monero atomic units on Reddit.  (Yes, it's a conversation we've had before, and will have again). 
 
My favorite is a combination of the most popular suggestions, a millionth of a Monero being called a nero, and a millionth of a nero being called an eta. 
 
Check out the topic if you like: https://www.reddit.com/r/Monero/comments/3q21yx/its_time_to_argue_about_what_atomic_units_of/

I like nero, but am not sold on eta yet.

They should be in esperanto.   eta is great .....  nero  less so.   how about  iom ( little)

[americanpegasus]

, at least a little!

You're right, I forgot to mention that.  I do plan on diversifying and holding 5% of my assets in other cryptonote coins.  Since I accidentally found myself helping out with aeon, it's kind of hypocritical if I don't also buy some of that.  I'm thinking at current prices, I can at least afford to own aeon:Monero on a 1:1 basis.  
  
As well, boolberry has been pretty upstanding as well, and I do plan on buying some of that too.  
  
As far as owning Bitcoin?  Nah.  I'll pass - it doesn't seem like a technology worth investing into.    .
  
They have the network advantage, but there's nothing else attractive I can see about owning Bitcoin over Monero once we have the 1.0 release out.  I believe in time others will feel similarly. 
 
Finally, remember I did not become well known online through my fiscal responsibility. 

[kurious]

It would be nice if we could bottom ~0.0013, that's exactly on the following support line. In addition, we also have some support at 0.00131.

--snip--

It would indeed be nice.

I can't be the only one here who has an average buy price for a fair chunk of XMR at a level above 0.0013.

Been buying at many stops under the 20's but getting too low on ammo to average down any more just now..

It's looking oversold on a dollar value basis, so I am hopeful 13 is bottom. Pitching my last couple of available BTC in now

And back above 0.0014, what a rollercoaster. Anyway, if we can "paint" a bottom here it would signal some strength, because basically we bounced of that line now.

I think 95%, if not even more, have a average buy in price above the current level. Bear in mind, that we've only been briefly below this level and have been way higher for a longer amount of time. Thus, there is basically no way many people would've profited from it to the extent that they have a buy-in price below this level.

Furthermore, the daily and the 3D RSI shows that we're heavily oversold. I've never seen the daily RSI this low (~20) and even the 3D RSI is droping below 30.

I have been hitting anything under 14 for a few hours on and off now.  Fun to pick off even little amounts. Plus have a couple of BTC placed at varying points down to 0.001315 - and have always had a couple under 13 just in case.  More volume at this level now - so I can't be the only one - I am no megawhale!

I am too far in to go heavier (I wish) but all I can say is:

THESE PRICES ARE JUST TOO CHEAP TO MISS.

[chennan]

It would be nice if we could bottom ~0.0013, that's exactly on the following support line. In addition, we also have some support at 0.00131.

--snip--

It would indeed be nice.

I can't be the only one here who has an average buy price for a fair chunk of XMR at a level above 0.0013.

Been buying at many stops under the 20's but getting too low on ammo to average down any more just now..

It's looking oversold on a dollar value basis, so I am hopeful 13 is bottom. Pitching my last couple of available BTC in now

And back above 0.0014, what a rollercoaster. Anyway, if we can "paint" a bottom here it would signal some strength, because basically we bounced of that line now.

I think 95%, if not even more, have a average buy in price above the current level. Bear in mind, that we've only been briefly below this level and have been way higher for a longer amount of time. Thus, there is basically no way many people would've profited from it to the extent that they have a buy-in price below this level.

Furthermore, the daily and the 3D RSI shows that we're heavily oversold. I've never seen the daily RSI this low (~20) and even the 3D RSI is droping below 30.

I have been hitting anything under 14 for a few hours on and off now.  Fun to pick off even little amounts. Plus have a couple of BTC placed at varying points down to 0.001315 - and have always had a couple under 13 just in case.  More volume at this level now - so I can't be the only one - I am no megawhale!

I am too far in to go heavier (I wish) but all I can say is:

THESE PRICES ARE JUST TOO CHEAP TO MISS.

I agree, I feel like the prices of monero are really cheap and I might miss an opportunity to invest everything I have... but I have bills to pay and other things I need to attend too.  I try to get some when I can, even if it is as small as 5-10 xmr... but as of right now in the real world, there are bills to be paid which only can be paid in fiat.  Until then, I keep going on to work every week and working pay check to pay check

[klee]

Bought some more XMR today!

In this alt slaughter I added significant amount of XMRs, BTS & ETH in my portfolio (ETH gave a buy signal by the way).

BTC owned = 0

[chennan]

Bought some more XMR today!

In this alt slaughter I added significant amount of XMRs, BTS & ETH in my portfolio (ETH gave a buy signal by the way).

BTC owned = 0

I've heard a lot of people were getting into BTS, but I've never really understood the value of it besides more than mere speculation... Idk if they offer something new in the crypto world like XMR or ETH.  But then again I really don't know.

[klee]

Bought some more XMR today!

In this alt slaughter I added significant amount of XMRs, BTS & ETH in my portfolio (ETH gave a buy signal by the way).

BTC owned = 0

I've heard a lot of people were getting into BTS, but I've never really understood the value of it besides more than mere speculation... Idk if they offer something new in the crypto world like XMR or ETH.  But then again I really don't know.

[CoinHoarder]

Bought some more XMR today!

In this alt slaughter I added significant amount of XMRs, BTS & ETH in my portfolio (ETH gave a buy signal by the way).

BTC owned = 0

I've heard a lot of people were getting into BTS, but I've never really understood the value of it besides more than mere speculation... Idk if they offer something new in the crypto world like XMR or ETH.  But then again I really don't know.

Bitshares 2.0 is more anonymous than Monero with mandatory stealth addresses and an implementation of Confidential Transactions already live on the blockchain..... it seems less speculative than Monero's plans to implement their own version of Confidential Transactions.  

https://github.com/cryptonomex/graphene/wiki/StealthTransfers

I've always thought investing into purely privacy concerned Cryptocoins is too risky, as the technology is bound to improve upon itself and nothing is stopping other coins with more features from adapting the same privacy techniques. IMO- if Cryptocoins are to grow into real-world use, rather than geek-land use... they are going to have to be simple to use and install, have a lot of beneficial features, and have slick GUIs. Most real-world people are too sheepish to worry about privacy. That is why you've never seen me on the Monero train.

[klee]

Bought some more XMR today!

In this alt slaughter I added significant amount of XMRs, BTS & ETH in my portfolio (ETH gave a buy signal by the way).

BTC owned = 0

I've heard a lot of people were getting into BTS, but I've never really understood the value of it besides more than mere speculation... Idk if they offer something new in the crypto world like XMR or ETH.  But then again I really don't know.

Bitshares 2.0 is more anonymous than Monero with mandatory stealth addresses and an implementation of Confidential Transactions already live on the blockchain..... it seems less speculative than Monero's plans to implement their own version of Confidential Transactions.  

https://github.com/cryptonomex/graphene/wiki/StealthTransfers

I've always thought investing into purely privacy concerned Cryptocoins is too risky, as the technology is bound to improve upon itself and nothing is stopping other coins with more features from adapting the same privacy techniques. IMO- if Cryptocoins are to grow into real-world use, rather than geek-land use... they are going to have to be simple to use and install, have a lot of beneficial features, and have slick GUIs. Most real-world people are too sheepish to worry about privacy. That is why you've never seen me on the Monero train.

I got tired of coins fundamentals long time ago - I have PnF now that works wonder with volatile instruments like alts.

I only need volume. I should have clarified that all my alt investments is based mainly on this (volume). But I prefer 'old' and established coins or new with serious backing (like ETH).

I avoid pump & dumps meteors!

Hey, I mined PTS back in the day...

[cAPSLOCK]

I avoid pump & dumps meteors!

Hey, I mined PTS back in the day...

I mined protoshares as well. One of my most profitable overall alt involvements actually.  But something seemed so multi level marketing ish about that whole thing...

[smooth]

Bitshares 2.0 is more anonymous than Monero with mandatory stealth addresses and an implementation of Confidential Transactions already live on the blockchain..... it seems less speculative than Monero's plans to implement their own version of Confidential Transactions. 

CT plus stealth is not "more anonymous" than Monero. Mostly the two aren't comparable (both do something the other doesn't), although Monero is arguably somewhat more anonymous, as I will explain.

Privacy/anonymity consists of:

A. unlinkability (can't tell two transactions are to the same recipient): stealth (or just not reusing addresses)
B. untraceability (can't trace paths between tranasctions): ring signatures (or coinjoin, coinswap, though with many complications and hazards, etc.)
C. content privacy (can't see amount being spent): CT (or limited ambiguity of which outputs are change)

Bitshares with CT gives you A and C, but nothing at all for B. Monero gives you A and B, and somewhat C (via ambiguity of change outputs). Monero with ringCT will give A,B, and C, for a comprehensive solution.

[americanpegasus]

(various bitshares spam)....   That is why you've never seen me on the Monero train.

Dude, I spent like thirty seconds googling to try to ascertain some of these claims and immediately ran into this silliness.  
  

Here is the tricky part: for the moment, those Bitshares flavored PTS are mined on a Bitcoin clone and THESE are the PTS exchanged and traded on the pair PTS/BTC (bter). The idea to proceed that way, temporary with a bitcoin clone, is to gain traction quickly and investors on board. In the future, holding Bitshares flavored PTS (on a address with the corresponding private key) will give a new distribution 1:1 for real PTS Protoshares.

 
  
In the most drill sergeant voice I can manage -  hollllllly fucking shit private, are you kidding me?  Hey, I got an idea.  I'm gonna issue a bitcoin clone called "quantum coin" and it will be a bitcoin clone *but* will be 1:1 redeemable for the first quantum encrypted crypto one day.    
  
Oh, but it gets better...  
  

Limit of 2,000,000 AGS (shares of the project) can be bought by BTC or PTS through an "ingenious" bidding system, where 10,000 AGS per day are distributed. The round will end the 19th July after 200 days.

 
  
Get the fuck out of here with this weak ass bullshit.  I don't usually curse, but this is straight idiotic.  Ingenious bidding system huh?  Fuck right off.  Scheme scam spam bullshit.  One more reason why anyone involved in Monero is lucky to be here in a sea of shit like this. 

[CoinHoarder]

Bitshares 2.0 is more anonymous than Monero with mandatory stealth addresses and an implementation of Confidential Transactions already live on the blockchain..... it seems less speculative than Monero's plans to implement their own version of Confidential Transactions.  

CT plus stealth is not "more anonymous" than Monero. Mostly the two aren't comparable (both do something the other doesn't), although Monero is arguably somewhat more anonymous, as I will explain.

Privacy/anonymity consists of:

A. unlinkability (can't tell two transactions are to the same recipient): stealth (or just not reusing addresses)
B. untraceability (can't trace paths between tranasctions): ring signatures (or coinjoin, coinswap, though with many complications and hazards, etc.)
C. content privacy (can't see amount being spent): CT (or limited ambiguity of which outputs are change)

Bitshares with CT gives you A and C, but nothing at all for B. Monero gives you A and B, and somewhat C (via ambiguity of change outputs). Monero with ringCT will give A,B, and C, for a comprehensive solution.

Currently Monero lacks C though.

I don't see how Bitshares 2.0 transactions are traceable since they do both A and C? I'm not arguing that having A+B+C will be less anonymous than A+C, however I see A+C as being more anonymous than A+B.