[XMR] Monero Speculation

[Cometmoney]

Long time lurker. Finally made an account.

Just wanted to thank you all for your intelligent analysis.

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[dranster]

Wow....Huge shorts are going to open in this area....

Might see a big sell-off back to 0.002 maybe


Be careful buying a pump up coin


My thorough research indicates this region is a critical are for shorting

Good luck

[TrueCryptonaire]

Wow....Huge shorts are going to open in this area....

Might see a big sell-off back to 0.002 maybe


Be careful buying a pump up coin


My thorough research indicates this region is a critical are for shorting

Good luck

I am slowly squeezing Moneros from the lending markets. I am sorry for not being able to meet your loan demand anymore.
I am seeing the lending activities now riskier than never before.

[Blazin8888]

What I am anticipating (which no one can 100% accurately predict) is when will there be the first big XMR theft or hack. This could mean that Poloniex or another exchange or marketplace gets hacked (not saying they will, but it has a > 0% chance of happening).

That could be an interesting precedent in how the economy/law enforcement etc react to such a theft/hack.

Up until now there hasn't been "news-worthy" hacks/thefts of XMR...yet.

I suspect it will happen sooner or later and price may or may not take a dump. From past experience all hacks are followed with price dumps.

Probably after monero has a bull run will it be worth a hacker stealing some XMR.

All just speculation for now...

No different than ETH being on Poloniex and going through a rise. Polo has not been hacked in recent times. Back in the day yes. But not in the past couple years. I highly doubt a hack will come to a big exchange. I have been watching XMR for years and I really think this coin can do well. DNM adoption is big time deal...if AlphaBay does follow...this is unprecedented news. This could be the first truly private currency we have ever had. - BTC was the first decentralized digital currency and solves many issues. Monero solves privacy. - dash may be private to some extent and may have a place in the future....but XMR if used by the blackmarket will be an obvious powerhouse. If a vendor knows the fundamentals of this currency and transacts in it if he/she were smart they would also hold /store their wealth in XMR. - cash out to BTC / DASH when needed....  buying XMR now could potentially be a massive discount on product across all DNM's in the future if they all adopt it. SO early supporters of XMR will have firesale discounts on products across the dark web.

- Also I know XMR is in no way associated with the DarkNET....just pointing out that this will benefit the currency. Also give it more value as their is a major economy now behind it.

[cAPSLOCK]

Very interesting times.  If using xmr catches on in online marketplaces the vendors who adopt earliest stand to make the most gains from the probable rise this will synergistically cause.

In the case of that sort of feedback loop, we should be aware a bubble is likely.

[Blazin8888]

Truly private currency. I think as more people begin to grasp cryptonote protocol they will begin to realize this....

game changing?

Anyone know what the price of BTC went to when added to SR back in the day?


Looks like news is official as of 2hrs ago: Oasis XMR ANN: https://www.reddit.com/r/DarkNetMarkets/comments/4yv1dc/oasis_we_now_accept_monero_xmr/

[Dotto]

Alphabay/Oasis is like the perfect, organic PR campaign we were discussing a few pages ago, descending from heavens, packet and ready to go.

It just blows out of the water Amanda B Johnson´s idea.

As this info spreads and solidifies, expect the supply to dry as the desert of atacama.

[TrueCryptonaire]

Alphabay/Oasis is like the perfect, organic PR campaign we were discussing a few pages ago, descending from heavens, packet and ready to go.

It just blows out of the water Amanda B Johnson´s idea.

As this info spreads and solidifies, expect the supply to dry as the desert of atacama.

I hope the supply dries up... Let the emission be the only number of coins available for buyers.

[Blazin8888]

How much XMR is available to buy across all exchanges?

- what would happen if someone dropped - 500 btc / 600 btc buy on POLO?  (fat fingered it into XMR?) - how high would price go /crash back

[toffoo]

How much XMR is available to buy across all exchanges?

- what would happen if someone dropped - 500 btc / 600 btc buy on POLO?  (fat fingered it into XMR?) - how high would price go /crash back

Looks to me like 0.0055 right now

[saddambitcoin]

Truly private currency. I think as more people begin to grasp cryptonote protocol they will begin to realize this....

game changing?

Anyone know what the price of BTC went to when added to SR back in the day?


Looks like news is official as of 2hrs ago: Oasis XMR ANN: https://www.reddit.com/r/DarkNetMarkets/comments/4yv1dc/oasis_we_now_accept_monero_xmr/

I don't know firsthand, but I'm pretty sure BTC wasn't added to SR, it was there from the beginning. Tor + Bitcoin = DNMs as we know them. Keep in mind at the time, most people considered bitcoin to be an anonymous (or pseudonymous) way of sending money.

Maybe there were some underground markets predating SR that used other currency (non crypto), but it was the initial media frenzy (slashdot, etc) in early 2011 about Bitcoin and Silk Road that catalyzed the $1->$32 bubble.

[TrueCryptonaire]

This is the best news for Monero so far in my opinion.

[Blazin8888]

This is the best news for Monero so far in my opinion.

In all honesty brother, do you think XMR will reach 5 USD this year?


What is your ATH prediction for by December this year?


P.S. - Nice Avatar ...Legendary show from my day

[TrueCryptonaire]

This is the best news for Monero so far in my opinion.

In all honesty brother, do you think XMR will reach 5 USD this year?


What is your ATH prediction for by December this year?


P.S. - Nice Avatar ...Legendary show from my day

To be honest I have no idea how high the price will go. I think it will go higher from here but how high - I lack of tools to analyse it and if someone tells what the price will be after a few months (assuming no ability to control the price) I think he lies.
Sure we can guess different scenarios and probabilities for each of them, but also those are at best only guesses. My advice is to dry Poloniex from Moneros completely and let only the miners sell to Darkmarkets their coins. By this way the price of Monero probably goes quite high (especially due to the fact that mining supply is also draining).
5 USD is a possibility, 0.5 USD also and I am not saying it cannot go to 50 USD by the end of 2016 either.

Scrooge McDuck taught me to appreciate money, therefore I owe him. He taught the solid principles of how to make money and how to treat it.

[Blazin8888]

This is the best news for Monero so far in my opinion.

In all honesty brother, do you think XMR will reach 5 USD this year?


What is your ATH prediction for by December this year?


P.S. - Nice Avatar ...Legendary show from my day

To be honest I have no idea how high the price will go. I think it will go higher from here but how high - I lack of tools to analyse it and if someone tells what the price will be after a few months (assuming no ability to control the price) I think he lies.
Sure we can guess different scenarios and probabilities for each of them, but also those are at best only guesses. My advice is to dry Poloniex from Moneros completely and let only the miners sell to Darkmarkets their coins. By this way the price of Monero probably goes quite high (especially due to the fact that mining supply is also draining).
5 USD is a possibility, 0.5 USD also and I am not saying it cannot go to 50 USD by the end of 2016 either.

Scrooge McDuck taught me to appreciate money, therefore I owe him. He taught the solid principles of how to make money and how to treat it.

Thank you for the insight brother. - good luck in your future

[explorer]

Is now a good time to buy XMR or do you guys think it will come down some and offer a better entry.

I suggest you seek professional financial advice from someone licensed to do such a thing.

With all the experience on this thread I thought that's what I was doing.
 

Picked up a few k though. Hope it pays off.

Experienced != Legally Licensed to give financial advice.

Legally Licensed to give financial advice != even remotely competent to do so.

[Bassica]

Time to break 0.0045 and watch the short stop trigger parade!

[smoothie]

What I am anticipating (which no one can 100% accurately predict) is when will there be the first big XMR theft or hack. This could mean that Poloniex or another exchange or marketplace gets hacked (not saying they will, but it has a > 0% chance of happening).

That could be an interesting precedent in how the economy/law enforcement etc react to such a theft/hack.

Up until now there hasn't been "news-worthy" hacks/thefts of XMR...yet.

I suspect it will happen sooner or later and price may or may not take a dump. From past experience all hacks are followed with price dumps.

Probably after monero has a bull run will it be worth a hacker stealing some XMR.

All just speculation for now...

No different than ETH being on Poloniex and going through a rise. Polo has not been hacked in recent times. Back in the day yes. But not in the past couple years. I highly doubt a hack will come to a big exchange. I have been watching XMR for years and I really think this coin can do well. DNM adoption is big time deal...if AlphaBay does follow...this is unprecedented news. This could be the first truly private currency we have ever had. - BTC was the first decentralized digital currency and solves many issues. Monero solves privacy. - dash may be private to some extent and may have a place in the future....but XMR if used by the blackmarket will be an obvious powerhouse. If a vendor knows the fundamentals of this currency and transacts in it if he/she were smart they would also hold /store their wealth in XMR. - cash out to BTC / DASH when needed....  buying XMR now could potentially be a massive discount on product across all DNM's in the future if they all adopt it. SO early supporters of XMR will have firesale discounts on products across the dark web.

- Also I know XMR is in no way associated with the DarkNET....just pointing out that this will benefit the currency. Also give it more value as their is a major economy now behind it.

Privacy features in a crypto currency do not negate the ability/possibility for thefts/hacks.

Bitfinex is just the most recent exchange hack of the long list of hacks and thefts. XMR can have the same type of events happen. I do not see how you could highly doubt a big exchange could be hacked.

[smoothie]

Is now a good time to buy XMR or do you guys think it will come down some and offer a better entry.

I suggest you seek professional financial advice from someone licensed to do such a thing.

With all the experience on this thread I thought that's what I was doing.
 

Picked up a few k though. Hope it pays off.

Experienced != Legally Licensed to give financial advice.

Legally Licensed to give financial advice != even remotely competent to do so.

And no one can really be the judge of that.

Coming into this thread seeking financial advice in my view is very flawed. That was my point.

[Blazin8888]

What I am anticipating (which no one can 100% accurately predict) is when will there be the first big XMR theft or hack. This could mean that Poloniex or another exchange or marketplace gets hacked (not saying they will, but it has a > 0% chance of happening).

That could be an interesting precedent in how the economy/law enforcement etc react to such a theft/hack.

Up until now there hasn't been "news-worthy" hacks/thefts of XMR...yet.

I suspect it will happen sooner or later and price may or may not take a dump. From past experience all hacks are followed with price dumps.

Probably after monero has a bull run will it be worth a hacker stealing some XMR.

All just speculation for now...

No different than ETH being on Poloniex and going through a rise. Polo has not been hacked in recent times. Back in the day yes. But not in the past couple years. I highly doubt a hack will come to a big exchange. I have been watching XMR for years and I really think this coin can do well. DNM adoption is big time deal...if AlphaBay does follow...this is unprecedented news. This could be the first truly private currency we have ever had. - BTC was the first decentralized digital currency and solves many issues. Monero solves privacy. - dash may be private to some extent and may have a place in the future....but XMR if used by the blackmarket will be an obvious powerhouse. If a vendor knows the fundamentals of this currency and transacts in it if he/she were smart they would also hold /store their wealth in XMR. - cash out to BTC / DASH when needed....  buying XMR now could potentially be a massive discount on product across all DNM's in the future if they all adopt it. SO early supporters of XMR will have firesale discounts on products across the dark web.

- Also I know XMR is in no way associated with the DarkNET....just pointing out that this will benefit the currency. Also give it more value as their is a major economy now behind it.

Privacy features in a crypto currency do not negate the ability/possibility for thefts/hacks.

Bitfinex is just the most recent exchange hack of the long list of hacks and thefts. XMR can have the same type of events happen. I do not see how you could highly doubt a big exchange could be hacked.

My mistake I did not mean that. You are right there. Yes that could theoretically happen. Either way these are exiting times for XMR indeed.