[XMR] Monero Speculation

[Siexpert]

So your statement implicates that you are holding more BTC than $ or €  

not necessarily.

let's say my net worth is $100,000 and keep 5% in cryptocurrency ($5,000)

within that 5%, i have to decide whether i want to be holding 90% in btc ($4,500-worth) vs. 10% in xmr ($500-worth) or 50/50 or some other allocation.

if i think that xmr is severely overvalued against btc, then i will do 100% in btc ($5,000 in btc). if i think that xmr is undervalued, i may go 100% xmr ($5,000 in XMR).

let's say that another 30% of my net worth is in precious metals. if i think that silver is severely undervalued compared to gold, maybe i will put the whole $30,000 into silver. when silver rises against gold, i will sell some silver and buy gold.

in this example, cryptocurrency is still only 5% of my net worth, but i am still thinking about XMR in terms of BTC. even though precious metals are only 30% of my net worth, i am thinking of silver in terms of gold. it doesn't imply that >50% of my net worth is in cryptocurrency. nor does it imply that >50% of my net worth is in precious metals.

i understand why some people think of xmr in terms of dollars. you should try to understand why others think of it in terms of btc.

The only problem with your example is that Monero has a much bigger chance of becoming worthless than silver. I would be comfortable holding 100% silver, but much less comfortable being 100% in Monero. In fact I was 95%+ once in Monero, but I wouldn't recommend it to anyone

[1714686117]

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[1714686117]

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[jehst]

The only problem with your example is that Monero has a much bigger chance of becoming worthless than silver. I would be comfortable holding 100% silver, but much less comfortable being 100% in Monero. In fact I was 95%+ once in Monero, but I wouldn't recommend it to anyone

No, I'm not talking about 100% in Monero. I'm talking about the entire 5% of your cryptocurrency allocation in Monero. 100% of 5%.  (1.0 * .05).

Let's just say your entire investment portfolio is $100,000. You decide that you want to put $5,000 in crypto. You have to decide what part of that should be XMR and what part of that should be BTC. If you think BTC is going to rise against XMR, maybe you will put the entire $5,000 in BTC.

In that scenario, you will be thinking about XMR's price in BTC, not in dollars. Because you want to know how to allocate the $5,000.

[americanpegasus]

Lol fuggit.  I have 100% of my savings in crypto, and of that, 100% in Monero. 
 
I'm in this car until the bitter end.  I mean, I have some Aeon too, but I don't count that.

[dEBRUYNE]

MiniNero web now working in Safari:

https://www.reddit.com/r/Monero/comments/4l6r36/mininero_web_now_working_in_safari/

https://github.com/ShenNoether/MiniNodo

[Hueristic]

On Polo margin trading is the rate a one time cost or is it re-occurring and if so at what time period

[smooth]

On Polo margin trading is the rate a one time cost or is it re-occurring and if so at what time period

The posted rates are daily but calculated much faster, like by the minute or something.

[Hueristic]

On Polo margin trading is the rate a one time cost or is it re-occurring and if so at what time period

The posted rates are daily but calculated much faster, like by the minute or something.

Thx, I tried it out last week and got the shaft. It's interesting that as soon as I made the position the market jumped and boned me. So I held onto the position as it was small and I am trying it out and I opened another position for shits and grins yesterday and the same thing happened, the market immediately boned me.

I would like to know how this is happening. I'm not worried as the amounts are small (under $500) but if I ever decide to get serious (as I hope to soon||Get MOAR before GUI) then I want a better understanding of what these bots are doing, who's controlling them and if Polo is involved at all.

I have a high trust level for polo and have defended them many times in the past but when it comes down to brass tacks I want my ducks in a line.

[ztrader2016]

Lol fuggit.  I have 100% of my savings in crypto, and of that, 100% in Monero. 
 
I'm in this car until the bitter end.  I mean, I have some Aeon too, but I don't count that.

I am 100% in XMR as well and it is my main holding. If I want to buy other alts I use it as collateral.

[smooth]

This is not meant as a comment on Polo but if you don't trust Polo that is an excellent reason to try bitsquare. Building liquidity there would be great for Monero because it is a system that is much more resistant to failing or being shut down like centralized exchanges.

Not directly applicable to margin trading, although in theory even margin trading could be done someday in bitsquare if they implement a lending market.

[Hueristic]

This is not meant as a comment on Polo but if you don't trust Polo that is an excellent reason to try bitsquare. Building liquidity there would be great for Monero because it is a system that is much more resistant to failing or being shut down like centralized exchanges.

Not directly applicable to margin trading, although in theory even margin trading could be done someday in bitsquare if they implement a lending market.

But then I would have to trust the escrow and I do not have the time to research it ATM. Or am I wrong on this?

Is there anyone in NE that sells in person? If so PM me an email address and we can talk.

[smooth]

This is not meant as a comment on Polo but if you don't trust Polo that is an excellent reason to try bitsquare. Building liquidity there would be great for Monero because it is a system that is much more resistant to failing or being shut down like centralized exchanges.

Not directly applicable to margin trading, although in theory even margin trading could be done someday in bitsquare if they implement a lending market.

But then I would have to trust the escrow and I do not have the time to research it ATM. Or am I wrong on this?

Somewhat. You only need that if the counterparty tries to screw you, and they are risking a deposit by doing so. And then there is a system for escrows to forfeit a deposit if they misbehave. I don't know the details. There was only one escrow on there when I looked yesterday, and I kind of guess that it is just bitsquare himself. Given the verifiable nature of all of the trades and the risk of losing a deposit, there might be few if any that will ever be disputed in practice.

[XMRpromotions]

https://twitter.com/fluffyponyza/status/735939669603569664

Help make sure this proposal reaches the commitment stage quickly. Supporting both the XMR and I2P proposals simultaneously will help both communities launch Stack Exchange sites faster.

Discussions regarding which questions to vote for and the importance of SE reputation can be discussed in the Monero Forums:

https://forum.getmonero.org/
http://area51.stackexchange.com/proposals/99297/i2p
http://area51.stackexchange.com/proposals/98617/monero

[noobtrader]

The FUD is reaching epic levels.  There is so much nonsense spackle about the '12 exploits' but I am quite sure none of them exist.  Think about it - if you had an exploit which allowed you to reveal Dash transactions, generate Dash, double-spend Dash, or even defeat the private key encryption... what would you do?  Troll the Dash board with claims of existence?  
  
No, if you were white hat you would arrange for a dev to get secure hold of these (possibly for a bounty).  If you were black hat, you would just use them already and take whatever info / coins you could get your hands on.

or.....

he is not into black hat business, and he doesnt want to help monero dev either.  

so that is why in his own words he did the first exploit ... but now he ain´t in the same business he claims? Pls provide deeper thoughts next time

because he want you to realize how broken is your coin.

PS: if he didnt do the first exploit, you guys will not listen to his warning

[smooth]

The FUD is reaching epic levels.  There is so much nonsense spackle about the '12 exploits' but I am quite sure none of them exist.  Think about it - if you had an exploit which allowed you to reveal Dash transactions, generate Dash, double-spend Dash, or even defeat the private key encryption... what would you do?  Troll the Dash board with claims of existence?  
  
No, if you were white hat you would arrange for a dev to get secure hold of these (possibly for a bounty).  If you were black hat, you would just use them already and take whatever info / coins you could get your hands on.

or.....

he is not into black hat business, and he doesnt want to help monero dev either.  

so that is why in his own words he did the first exploit ... but now he ain´t in the same business he claims? Pls provide deeper thoughts next time

because he want you to realize how broken is your coin.

PS: if he didnt do the first exploit, you guys will not listen to his warning

Nobody will listen to a damn thing he says unless he proves it for realz.

Him claiming that twitter timestamps prove he did something and then posting tweets dated after it was already public knowledge is Craig Wright-worthy. We're not that gullible here.

[owlcatz]

Lol fuggit.  I have 100% of my savings in crypto, and of that, 100% in Monero. 
 
I'm in this car until the bitter end.  I mean, I have some Aeon too, but I don't count that.

Do you have any Sia?  I wish I got on that train when I heard about it.

I have around 30k sia that i picked up at 22 sats apiece. I'm not sure if I want to dump or hodl yet. Seems to keep bouncing today, so we'll see. Either way, it's not a lot of BTC worth, wish I had bought a lot more, but I'm not really into trading alts. I always seem to get burned, even on xmr sometimes, but not always. 

[TrueCryptonaire]

The only problem with your example is that Monero has a much bigger chance of becoming worthless than silver. I would be comfortable holding 100% silver, but much less comfortable being 100% in Monero. In fact I was 95%+ once in Monero, but I wouldn't recommend it to anyone

No, I'm not talking about 100% in Monero. I'm talking about the entire 5% of your cryptocurrency allocation in Monero. 100% of 5%.  (1.0 * .05).

Let's just say your entire investment portfolio is $100,000. You decide that you want to put $5,000 in crypto. You have to decide what part of that should be XMR and what part of that should be BTC. If you think BTC is going to rise against XMR, maybe you will put the entire $5,000 in BTC.

In that scenario, you will be thinking about XMR's price in BTC, not in dollars. Because you want to know how to allocate the $5,000.

5-10 % is roughly the amount of entire wealth I am holding in crypto in general out of which a certain additional percentage will be allocated to XMR when the price is right (in terms of btc-XMR) for me, and such point is 0.001, as long as that's not the case I am getting interest on both XMR and BTC in Polo.
I think XMR is too young and immature project to be all-in it right now (the same applies to BTC also). The immaturity of a currency can be seen in the extreme volatility (like 5-10 % per day). As time passes, I think the volatility will drop (due to takers in dump and sellers in the pump)... However, this might take years rather than weeks or months.
I hold Moneros so I am also happy if it pumps but currently I see dumpage more probable than any meaningful pump.

Most of my wealth is bringing me more money, I am a huge believer and lover of passive income.  Passive income is the ultimate way to become a millionaire and when it is achieved, it maintains the status due to positive cash flow unlike winning in lottery which only brings more misery as the money management skills are not trained.

[tclo]

This BTC price rise is really hitting the "alts" hard.  XMR is down near three month low.  And right on support.  And it's gotten pushed down the coinmarketcap list by Lisk, Steem, and DAO lately.   

I wish there was more development going on and a good GUI wallet, etc. 

[obit33]

I wish there was more development going on and a good GUI wallet, etc. 

this has been discussed ad nauseam already... If you're in XMR you're not in it for the hype, the fancy GUI, the marketing... You're in it for other reasons... you're in it because you believe it's the best form of digital money available today, you're in it for maybe ideological reasons, you're in it cause you think cryptonote is fantastic technology and so on...

If you're in it for a quick buck or a pump and dump scheme, then I'm sorry to bring it to you but you're at the wrong door...

GUI is being developed by the way, but I'm glad the dev-team chooses to build a superstrong basis first with great innovations, this should always be the priority, not the hype and marketing and the quick buck...

best regards

[griffen1102]

Time to start fillin bags again.

[spatula]

This BTC price rise is really hitting the "alts" hard.  XMR is down near three month low.  And right on support.  And it's gotten pushed down the coinmarketcap list by Lisk, Steem, and DAO lately.   

I wish there was more development going on and a good GUI wallet, etc. 

You forgot FedoraCoin