Bitcoin Forum
February 02, 2023, 12:41:09 PM *
News: Latest Bitcoin Core release: 24.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 [1207] 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 ... 2189 »
  Print  
Author Topic: [XMR] Monero Speculation  (Read 3309504 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
OrangeP
Sr. Member
****
Offline Offline

Activity: 358
Merit: 250


View Profile
October 18, 2016, 07:44:20 AM
 #24121


The GUI will not boost the price. Everyone already knows there will be one.

The price will rise over (long) time if Monero does not get superseded by another technology.

Hottest Coins: Decred, ZCoin, Waves
1675341669
Hero Member
*
Offline Offline

Posts: 1675341669

View Profile Personal Message (Offline)

Ignore
1675341669
Reply with quote  #2

1675341669
Report to moderator
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1675341669
Hero Member
*
Offline Offline

Posts: 1675341669

View Profile Personal Message (Offline)

Ignore
1675341669
Reply with quote  #2

1675341669
Report to moderator
cryptimus prime
Hero Member
*****
Offline Offline

Activity: 493
Merit: 551



View Profile
October 18, 2016, 07:47:43 AM
 #24122

The GUI will not boost the price. Everyone already knows there will be one.


Everybody "knows" since how long? A year or longer?  Cheesy
There is a difference between having a GUI and so mass adaptation or just having it soon.
Globb0
Legendary
*
Offline Offline

Activity: 2660
Merit: 2029


Free spirit


View Profile
October 18, 2016, 10:53:37 AM
 #24123

It is my understanding that he went on a cruise around the world.

You'd think he'd have learned to stay away from the damn boats by now  Tongue

If its voluntary and not a rendition.  Smiley

adolf512
Full Member
***
Offline Offline

Activity: 532
Merit: 101



View Profile
October 18, 2016, 12:51:31 PM
 #24124



please stop attributing these dumps to a single entity, it serves no purpose. it is not the dumper/bearwhale/nr-g that is driving the price down solo. the market is heavily manipulated yes, but that is the result of having a totally unregulated free market with low liquidity.
I did the mistake of shorting at low price again, i noticed very poor buy-support but still i shouldn't have done it. But i hope the trend continue now. I am really a horrible trader and i am starting to hate myself more and more. I keep losing money day-trading now. I noticed low buy-support and switch from margin-buy to short.

The current high is still less than the previous, will this trend continue?

TrueCryptonaire
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
October 18, 2016, 01:11:42 PM
 #24125

I think it is very important to calm down people who are buying Moneros.
I've talked some people about Monero and they all seem to love it and thinking "I need to go all-in XMR".
We as early adopters have the moral responsibility to tell the (legitimate, not NRG's alter egos) newbies not to buy too many Moneros, only the amount they can afford to lose. If someone can afford to lose everything, then I guess all-in is the optimal strategy.
I hope people will listen to my advice.  Grin
saddambitcoin
Legendary
*
Offline Offline

Activity: 1610
Merit: 1004



View Profile
October 18, 2016, 01:19:13 PM
 #24126

I think it is very important to calm down people who are buying Moneros.
I've talked some people about Monero and they all seem to love it and thinking "I need to go all-in XMR".
We as early adopters have the moral responsibility to tell the (legitimate, not NRG's alter egos) newbies not to buy too many Moneros, only the amount they can afford to lose. If someone can afford to lose everything, then I guess all-in is the optimal strategy.
I hope people will listen to my advice.  Grin

Yes, it is best to use caution and average your buys in over a longer period of time. Think months, not days. If the price goes down, you get more XMR. If it goes up, then of course you don't have as many XMR if you went all-in, but nobody trades perfectly.

More importantly, if you buy a lot, just ask yourself "am i prepared to hold this indefinitely if the price drops 50% or even more?". If that idea makes you uncomfortable, buy less. You don't even have to believe this will be the outcome, but it is best to mentally prepare for all options.

The option I have difficulty preparing for is the selling part. Holding is easy.

obit33
Sr. Member
****
Offline Offline

Activity: 514
Merit: 258


View Profile
October 18, 2016, 01:36:27 PM
 #24127

The option I have difficulty preparing for is the selling part. Holding is easy.

Same here, atm I have not considered any strategy whatsoever... The only thing I know for sure is that I won't sell any of my cold stash before xmr hits $100 (let's hope this ever happens btw). After that, I just don't know when/what/why I will sell...

N-rG
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
October 18, 2016, 01:40:11 PM
Last edit: October 18, 2016, 01:53:02 PM by N-rG
 #24128

Quote
I think it is very important to calm down people who are buying Moneros.

Problem started Smiley

Quote
I've talked some people about Monero and they all seem to love it and thinking "I need to go all-in XMR".

Never ending story. The people you are talking to are not real. The conversations were never happening.

Quote
If someone can afford to lose everything, then I guess all-in is the optimal strategy.
I hope people will listen to my advice.  Grin

That's exactly the crazy Trueblabla stuff why people are not and will never following you. Beside the fact that you was anyway always 100% wrong in your fanboy appraisals.



That did must hurt so much. But you didnt learn your lesson since you are buying since 0.02x downwards Cheesy
Mike8
Sr. Member
****
Offline Offline

Activity: 291
Merit: 250


View Profile
October 18, 2016, 01:41:32 PM
 #24129

The option I have difficulty preparing for is the selling part. Holding is easy.

Holding is easy. Buying more is not that easy today. And it may be even more difficult tomorrow.
TrueCryptonaire
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
October 18, 2016, 01:52:04 PM
 #24130

I think it is very important to calm down people who are buying Moneros.
I've talked some people about Monero and they all seem to love it and thinking "I need to go all-in XMR".
We as early adopters have the moral responsibility to tell the (legitimate, not NRG's alter egos) newbies not to buy too many Moneros, only the amount they can afford to lose. If someone can afford to lose everything, then I guess all-in is the optimal strategy.
I hope people will listen to my advice.  Grin

Yes, it is best to use caution and average your buys in over a longer period of time. Think months, not days. If the price goes down, you get more XMR. If it goes up, then of course you don't have as many XMR if you went all-in, but nobody trades perfectly.

More importantly, if you buy a lot, just ask yourself "am i prepared to hold this indefinitely if the price drops 50% or even more?". If that idea makes you uncomfortable, buy less. You don't even have to believe this will be the outcome, but it is best to mentally prepare for all options.

The option I have difficulty preparing for is the selling part. Holding is easy.

I made the exact mistake in buying way too many coins in summer 2014, however it was our good luck that bitcoin went down in terms of fiat in the same time Monero went dramatically down in terms of bitcoin and it was possible to buy Moneros sub 50 cents for a long time. My story is a good warning example of how not to act I guess.  Smiley
As long as crypto is a hobby of relatively small community the volatility is drastic and apparently even drops like 70 % are possible (like we saw with Monero from 0.0265 to the current levels and below). Once the community grows there will be more takers to the dumps and the price fluctuations are smaller, but also the price is higher.
adolf512
Full Member
***
Offline Offline

Activity: 532
Merit: 101



View Profile
October 18, 2016, 02:04:19 PM
 #24131

Sometimes holding is a very good thing and sometimes it is very bad, the problem is that most of of tend to to the exact opposite of what we should(buy high and sell low), i have made a lot of stupid decisions for sure.

I have a feeling the xmr-price can go either way now, we could see a recovery or the price crashing down far below 0.007, the price has been on a downtrend for very long now. I though i would improve with time but instead i only do worse with time.

I really hate myself over my recent trades, i ruined everything. Switched my positions from positive to negative due to low buy-support but a huge pump/correction occured. I wish i had cut my losses and reversed the position again.

CryptoPH
Full Member
***
Offline Offline

Activity: 161
Merit: 100

<3 Crypto


View Profile
October 18, 2016, 02:15:28 PM
 #24132

I invested a "not so big amount" in Monero in 2015, when it is at less than $1.
Then I did Zero-Cost Averaging, which means withdrew all my initial capital and leave the rest as investment.
I am still holding some and plan to let it grow for long term.

KeyJockey
Hero Member
*****
Offline Offline

Activity: 608
Merit: 509



View Profile
October 18, 2016, 02:23:12 PM
Last edit: October 18, 2016, 05:09:52 PM by KeyJockey
 #24133


The option I have difficulty preparing for is the selling part. Holding is easy.


Risto's "SSS" strategy for dealing with bitcoin is IMHO the best approach to dealing with this.

I keep this solidly in mind for my BITCOIN holdings, but unfortunately not yet having achieved even the first double-in-value on my bitcoin, I can't yet put it into practice.  Maybe, some day... soon?  One can hope... LOL

And actually, however, I have not even personally yet taken this strategy with my MONERO stash... just because it's still small enough (sadly) that I've felt a little more like "gambling" with the first few doublings in value.  (I have taken just the small dollar-value equivalent of my starting buy-in off the table, so 100% is now "house money" for FREE, which removes a TON of the worry about *if* XMR might totally crash to zero?  Easy come, easy go LOL).

Honestly I was CLOSE to taking the first "SSS" selling step, liquidating the first 10% chunk, way back - about a month ago (LOL) - when we were hitting $15... if it'd gotten to $20 I would've done it for sure, LOL but unfortunately I hesitated (probably just due to pure greed LOL) and now here we are back dancing with "only" $5 or $6 price point.

So... oh, well.  Live and learn, and now just gonna HODL again 'till we get back to $15.  Or $20.  Or maybe $50-$100  Grin

P.S. {Edit} Should've included a link to the "SSS Plan" thread... Risto's "Sane And Simple Savings Plan" Smiley  Here it is:

----->        https://bitcointalk.org/index.php?topic=345065.0;all


- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
Febo
Legendary
*
Offline Offline

Activity: 2688
Merit: 1284



View Profile
October 18, 2016, 02:33:02 PM
 #24134

There is so much to come for XMR : Trezor, Jaxx, paybee out of beta some day all we need to do is be patient Smiley

But you will not get XMR under $10 at that point in time.


Sometimes holding is a very good thing and sometimes it is very bad, ...

When you hold you cant lose anything. You have 100 XMR and no matter what happens you still have 100 XMR. If you have tradings skils, yes you can make 200 XMR out of it, but there is quite huge chance you will end up with only 50 XMR.
adolf512
Full Member
***
Offline Offline

Activity: 532
Merit: 101



View Profile
October 18, 2016, 02:37:54 PM
 #24135

When you hold you cant lose anything. You have 100 XMR and no matter what happens you still have 100 XMR. If you have tradings skils, yes you can make 200 XMR out of it, but there is quite huge chance you will end up with only 50 XMR.
I wish i had settled with 602 xmr but i did continue to gamble and lost big, i probably lost 1.5 BTC in total, a real disaster.

Maslate
Hero Member
*****
Offline Offline

Activity: 2534
Merit: 630

Try and try until you succeed!


View Profile
October 18, 2016, 02:41:40 PM
 #24136

The option I have difficulty preparing for is the selling part. Holding is easy.

Holding is easy. Buying more is not that easy today. And it may be even more difficult tomorrow.
I guess it is good to gamble with the price of monero now, if the price will crash more, we will not be losing more and this will be stable at this level time will come maybe that it will start to rise again, actually buying is more preferable now as this coin will never die.
antw081
Newbie
*
Offline Offline

Activity: 55
Merit: 0


View Profile
October 18, 2016, 02:42:26 PM
 #24137

The option I have difficulty preparing for is the selling part. Holding is easy.

I know right! Just can't bring myself to selling any Monero.

Price goes down, I want more Monero. Price goes up, I still want more Monero.
bitebits
Legendary
*
Offline Offline

Activity: 2115
Merit: 2568


Flippin' burgers since 1163.


View Profile
October 18, 2016, 05:13:27 PM
 #24138

How high do you guys think the price will go when the GUI is out?

Short term? No difference, maybe some speculation / bull traps.

Longer term it helps adoption because it lowers the threshold to actual usage for new users. That adds real value. It still is for the more technical crowd who knows how to run a daemon / has the patience to download the whole blockchain. Easy to use mobile apps make the real difference if you ask me, like Bitcoin Breadwallet for the iPhone for example.

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero.
TrueCryptonaire
Legendary
*
Offline Offline

Activity: 1092
Merit: 1000



View Profile
October 18, 2016, 05:57:27 PM
 #24139

How high do you guys think the price will go when the GUI is out?

Short term? No difference, maybe some speculation / bull traps.

Longer term it helps adoption because it lowers the threshold to actual usage for new users. That adds real value. It still is for the more technical crowd who knows how to run a daemon / has the patience to download the whole blockchain. Easy to use mobile apps make the real difference if you ask me, like Bitcoin Breadwallet for the iPhone for example.

Thank you for your insight.
I tend to agree, GUI was kind of expected.
So what do you think should there be some kind of marketing taking place? After all, the core idea of marketing is to give information about product or service to newbies.
Perhaps some vloggers getting paid by introducing Monero to new audience? After all, the new users will not just appear here.
bitebits
Legendary
*
Offline Offline

Activity: 2115
Merit: 2568


Flippin' burgers since 1163.


View Profile
October 18, 2016, 06:30:03 PM
 #24140

I tend to agree, GUI was kind of expected.
So what do you think should there be some kind of marketing taking place?

Personally Monero works just fine for me. Privately paying for my VPS, ordering a pizza, donating to Wikipedia, etc.
It's already awesome as it is today, imagine.

- You can figure out what will happen, not when /Warren Buffett
- Pay any Bitcoin address privately with a little help of Monero.
Pages: « 1 ... 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 [1207] 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 ... 2189 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!