[XMR] Monero Speculation

[TrueCryptonaire]

Check XMR/USDT in Poloniex and compare it with BTC/USD. It is beginning to appear that Monero is following bitcoin's price. Are we seeing XMR becoming the real silver to bitcoin's gold? Some say what about litecoin? Litecoin is a 200+ million market cap of nothing.

thats actually interresting, why is litecoin having a 200m marketcap? why do people buy litecoin? i bought because of a "maybe" situation but ive been holding for 4 years now, afaik nothing happening that i should get excited about

When there were still no fiat/XMR exchanges, I was considering using LTC to get in and out of XMR, since the BTC network was so congested. But I guess the need for that has passed.

Bitfinex and Kraken are both accepting Monero as a method of payment for fiat money.

[Hueristic]

Check XMR/USDT in Poloniex and compare it with BTC/USD. It is beginning to appear that Monero is following bitcoin's price. Are we seeing XMR becoming the real silver to bitcoin's gold? Some say what about litecoin? Litecoin is a 200+ million market cap of nothing.

thats actually interresting, why is litecoin having a 200m marketcap? why do people buy litecoin? i bought because of a "maybe" situation but ive been holding for 4 years now, afaik nothing happening that i should get excited about

When there were still no fiat/XMR exchanges, I was considering using LTC to get in and out of XMR, since the BTC network was so congested. But I guess the need for that has passed.

Bitfinex and Kraken are both accepting Monero as a method of payment for fiat money.

Don't trust Bitfinex and Kraken collects more info than coinbase and only offers EFT which makes it worthless for most our needs.

Couldn't think of a better way to celebrate other than place an order for 1337 moneros earlier 

Very nice.

Im actually surprised RingCT hasn't had any effect on price, but I'm in for long-term investment anyways.
I could definitely see a price of $50 to $100 in a few years from now which would be a great return on your investment, even if you bought today.
If Bitcoin can hit $1000 I don't see any reason that coins like Monero and Ethereum couldn't hit that price point.

IMHO, the RingCT feature is already probably price-in.

I agree that it's already priced in and that is a side effect of the dependability of the devs and scientists.

We have so much faith in their ability that we all had already  taken it as a given.

[KeyJockey]

HoneyPony seems holding pretty steady with all the BTC red/green today... still roughly about 0.015-ish at least, as priced in BTC terms (fiat value fallen of course, but who wants any of that old shit currency anymore anyway? LOL).  I think that's not changed much from last few days, isn't it?

Seems to me also that anti-XMR brigade has been making the rounds to stir up FUD about blocksize and temporary fee/rate increase after the fork.

Guys: IMHO, it's gonna take some TIME for normal humans to GROK what *true* perfect fungibility really MEANS for a digital currency: I was surprised there was not more of a 'pop' in the price after the successful fork but reality is probably that this information just has not sunk in yet to any appreciable degree.

Personally I'm *doubling* my long-term stake in XMR on all the recent good news: fully intend to just HODL and ride the pony to moon and beyond.

Buy The XMR,  Take The Ride... LOL
 

         

[OrangeP]

Also gotta admit that this is rough times. I don't even think its over.

Most interesting thing is: Why is Monero the only top20 currency that suffered in relation to Bitcoin?

[KeyJockey]

Most interesting thing is: Why is Monero the only top20 currency that suffered in relation to Bitcoin?

Umm, no... what are you looking at?

It's ALL RED today ALL the way down across the board, some worse some better but XMR more or less unchanged in BTC terms, 0.015...

[bitebits]

HoneyPony seems holding pretty steady with all the BTC red/green today... still roughly about 0.015-ish at least, as priced in BTC terms (fiat value fallen of course, but who wants any of that old shit currency anymore anyway? LOL).  I think that's not changed much from last few days, isn't it?
[...]

While the USD value of Monero is dropping, the BTC value of Monero is indeed rather stable atm.
Apparently most of the monero buyers/sellers are thinking of the monero price in bitcoin.  Not in USD.

This tells me currently there is not really a new influx of people directly into Monero. It is mostly bitcoins being converted back and forward into moneros, probably to gain more of the one or the other.

I hope one day Monero will be independently valued. Valuating Monero in bitcoins still makes little sense to me.

[explorer]

Just wondering how hard will be this down of BTC. Monero needs BTC, at least right now.

I am sure this will be a crazy year. Hopefully bitstamp (I assume Coinbase is adding monero) adds it, if you carefully read email they sent to customers about XRP, they said, I quote: "As you would expect, we are very excited about making more services available to our customers. But the year is still young. Stay tuned for more developments as and when they arise!"

Well, let's see if Monero "arise" on their platform Dreaming is free

What's with the XRP listing?  Why does it still exist? 

[ibuyltc]

What's with the XRP listing?  Why does it still exist? 

I guess people really are banking on... pardon the pun... "Bankcoin" aka XRP.

[bbc.reporter]

Check XMR/USDT in Poloniex and compare it with BTC/USD. It is beginning to appear that Monero is following bitcoin's price. Are we seeing XMR becoming the real silver to bitcoin's gold? Some say what about litecoin? Litecoin is a 200+ million market cap of nothing.

thats actually interresting, why is litecoin having a 200m marketcap? why do people buy litecoin? i bought because of a "maybe" situation but ive been holding for 4 years now, afaik nothing happening that i should get excited about

It has the utmost support of the Chinese miners which are the majority in litecoin. They have a small hardware making mining industry behind it. So they cannot let the coin die. We in the community have been praising ASIC resistant coins but maybe some kind of specialized hardware manufacturing industry behind a coin could also be good.

[nanobrain]

If the value of BTC (as paired with the USD) goes down then other ccurrenices paired with BTC should go up.  Yet what we are seeing appears to be 'capital flight' from most alts.  BTC is down 20% in the last 24hours yet there are no  corresponding rises against other ccurrencies on Polo other than some of the low volume coins.

XMR should be much higher against BTC but its USD price is dropping in lock step negating any possible gains against BTC.
Since Jan 5th XMR is down nearly 40% against the USD.

Trotting out lines about 'dirty fiat' and the rest is not constructive - like it or not (and surely investing is about the numbers not ideologies) at present the market clearly seems to view USD (or Yuan or EUR etc) as the safest haven. And given that its the Chinese portion of the market most spooked about BTC I'd suggest that a significant amount of XMR investment has come from China too (since they seem to be viewed as the same at present).

[weilichesbin]

You saw what the Fuck is going on since last days on Zcoin?

Price will explode this week or next week.
I heard a lot of rumours untill now.

Some big player are preparing for a big think.

Just look the blockchain someone send the last hour 175000 XZC to a wallet from bittrex.

https://chainz.cryptoid.info/xzc/block.dws?15923.htm

I think, a big news will come in the next day and than also i think polo launch also...

Who has some BTC to play, may better invest know.... maybe it is a raise like last time XMR

[De Selby]

Does anyone know what the hash rate distribution looks like for Monero? A cursory review of the major mining pools would indicate a more decentralized network structure, as opposed to Bitcoin's over-reliance on cheap manufacturing and electricity costs in China.

Assuming my analysis is true, there is a real potential for XMR to give BTC a good run for its money in 2017 and beyond, in that a) it possesses a more robust network structure, b) has built-in scaling properties not foreseen in the current BTC implementation and c) provides its user base with trust-less anonymity, thereby making it a superior vehicle for individuals looking to circumvent draconian capital control measures taken by corrupt governments like China.

[NeuroticFish]

You saw what the Fuck is going on since last days on Zcoin?

Although you wanted to advertise buying XZC, you gave me an idea: I will try to mine it for a while, it may give me a bit more profit than usual.
I'll see in a few hours if it was a good idea...


Edit: obviously, I will sell XZC and buy XMR

[weilichesbin]

You saw what the Fuck is going on since last days on Zcoin?

Although you wanted to advertise buying XZC, you gave me an idea: I will try to mine it for a while, it may give me a bit more profit than usual.
I'll see in a few hours if it was a good idea...


Edit: obviously, I will sell XZC and buy XMR

better mine monero, it is more profitable at the moment

[starmman]

You saw what the Fuck is going on since last days on Zcoin?

Although you wanted to advertise buying XZC, you gave me an idea: I will try to mine it for a while, it may give me a bit more profit than usual.
I'll see in a few hours if it was a good idea...


Edit: obviously, I will sell XZC and buy XMR

better mine monero, it is more profitable at the moment

Site is working for me - are you still having issues? Maybe the site was in maintenance mode or something...

[MoneroMooo]

Does anyone know what the hash rate distribution looks like for Monero?

https://monerohash.com/#network

"Unknown" is either unknown pools, or solo miners. This is based on a total based on network difficulty, and the pools' reported hash rates though.
Dwarfpool reached 50% a week or two ago, apparently from some of their non-Monero miners switching to Monero.

[Febo]

Just wondering how hard will be this down of BTC. Monero needs BTC, at least right now.

I am sure this will be a crazy year. Hopefully bitstamp (I assume Coinbase is adding monero) adds it, if you carefully read email they sent to customers about XRP, they said, I quote: "As you would expect, we are very excited about making more services available to our customers. But the year is still young. Stay tuned for more developments as and when they arise!"

Well, let's see if Monero "arise" on their platform Dreaming is free

What's with the XRP listing?  Why does it still exist? 

As I understand  Ripple strategy is to give their 100m XRP that they issued years ago to those that will build infrastructure for them. So I guess Bitstamp now got their share.

[TrueCryptonaire]

I contacted to the support of Trezor to make a Trezor for Monero.
Here is the answear I got from them:

Hello TrueCryptonaire,

Thank you for contacting SatoshiLabs customer support. I'm happy to help you.

At first please let me tell you that we are sorry about the whole Monero situation.

We are a small company with limited resources (both in terms of manpower and money). At this moment we are focusing on a brand new version of TREZOR with plenty of new features. TREZOR 2 will bring a lot of new potential for developers who want to work on their own projects built on top of the TREZOR 2 code, as it’s software stack will be significantly from the way it is currently in TREZOR 1. In the meantime, we are maintaining the code for the first version of TREZOR.

When it comes to TREZOR 1, we have to be completely sure about the code submitted to its official firmware, as the security and the integrity of the firmware is our responsibility. We always do our best to release things and features which are systematically done and make sense. The unofficial Monero TREZOR firmware did not meet our quality standards, and therefore we halted the merging process into the official firmware while providing feedback to the developer who was working on it. No adjustments have been made since then. Instead, arguments erupted on the social networks.

It is a pity, of course, as we would like to have Monero support implemented into the official TREZOR firmware. We are keen to help the Monero community, as we see a lot of interest in it. At the same time, we receive many requests for integration with different services on a daily basis, and that is why we have to carefully choose our path; we simply can't do everything. If there is a developer for whom it makes the most sense to have Monero implemented into official TREZOR firmware, then go for it, please! Pull requests are always welcome!

Thank you for understanding. Is there anything else I can help you with, please?

Best regards,
Ben
Customer Support

[DaveyJones]

I contacted to the support of Trezor to make a Trezor for Monero.
Here is the answear I got from them:

Hello TrueCryptonaire,

Thank you for contacting SatoshiLabs customer support. I'm happy to help you.

At first please let me tell you that we are sorry about the whole Monero situation.

We are a small company with limited resources (both in terms of manpower and money). At this moment we are focusing on a brand new version of TREZOR with plenty of new features. TREZOR 2 will bring a lot of new potential for developers who want to work on their own projects built on top of the TREZOR 2 code, as it’s software stack will be significantly from the way it is currently in TREZOR 1. In the meantime, we are maintaining the code for the first version of TREZOR.

When it comes to TREZOR 1, we have to be completely sure about the code submitted to its official firmware, as the security and the integrity of the firmware is our responsibility. We always do our best to release things and features which are systematically done and make sense. The unofficial Monero TREZOR firmware did not meet our quality standards, and therefore we halted the merging process into the official firmware while providing feedback to the developer who was working on it. No adjustments have been made since then. Instead, arguments erupted on the social networks.

It is a pity, of course, as we would like to have Monero support implemented into the official TREZOR firmware. We are keen to help the Monero community, as we see a lot of interest in it. At the same time, we receive many requests for integration with different services on a daily basis, and that is why we have to carefully choose our path; we simply can't do everything. If there is a developer for whom it makes the most sense to have Monero implemented into official TREZOR firmware, then go for it, please! Pull requests are always welcome!

Thank you for understanding. Is there anything else I can help you with, please?

Best regards,
Ben
Customer Support

They are basically saying... you do the work we get the profit!

[Globb0]

Does anyone know what the hash rate distribution looks like for Monero? A cursory review of the major mining pools would indicate a more decentralized network structure, as opposed to Bitcoin's over-reliance on cheap manufacturing and electricity costs in China.

Assuming my analysis is true, there is a real potential for XMR to give BTC a good run for its money in 2017 and beyond, in that a) it possesses a more robust network structure, b) has built-in scaling properties not foreseen in the current BTC implementation and c) provides its user base with trust-less anonymity, thereby making it a superior vehicle for individuals looking to circumvent draconian capital control measures taken by corrupt governments like China.

Why do you think Monero would be any different to any other mining? the costs are hw and electricity (+infrastructure ofc)

If it grows, then the people who can make the most will be those with free or cheap electricity. Making mining more appealing in those areas and leading to the centralisation (of sorts) that you describe