[XMR] Monero Speculation

[whap]

It will take some time to attract the chinese to the XMR forum on 8BTC and build a community, meanwhile some further updates will improve the usability. It is just important to start and I think it is a good way to let XMR grow in China.

I am honestly surprised that it wasn't already popular in china. I mean if anybody needs privacy it would be the Chinese.
Regardless, anybody have any idea how it will affect the price?

China is gonna ban Monero and then it's over. It'll probably tank to 50.53402600 USDT, consolidate, arise from its ashes and do the Bitcoin. Die and be reborn forever, imprisoned inside trending triangles  with an eternal looming SOON™ on the horizon. Consider this, you can checkout any time you like, but you can never leave...just be left behind.

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[kurious]

48 nodes is already huge for XMR market. And the guy you mentioned has been working very hard to promote it. Its just a matter of time before the Chinese will see XMR project and will pump the price really hard. Just for now, we will have to wait and see what the future will bring us.

I sure hope this brings a bit of a boost. Monero seems to have hit a plateau and is struggling to keep up to 50$.

Patience is a virtue.  Two years ago it was way under 50c.  In 2016 it went up in value over 2500%.

Monero is a top tier, respected and useful currency.  Smart money knows it and most here just hodl it happily.  A couple of years ago $50 prices were the moon.

Now it's 'meh'?

[Nathan047]

Patience is a virtue.  Two years ago it was way under 50c.  In 2016 it went up in value over 2500%.
Monero is a top tier, respected and useful currency.  Smart money knows it and most here just hodl it happily.  A couple of years ago $50 prices were the moon.
Now it's 'meh'?

No, it's been doing great and I don't mean to sound so negative. I'm just worried that it'll start to lose value since it seems to be just sitting around 30$-50$ lately. It's all just short term cycles, but I still hope to see a continual boost in value instead of temporary a loss of value.

[KeyJockey]

No, it's been doing great and I don't mean to sound so negative. I'm just worried that it'll start to lose value since it seems to be just sitting around 30$-50$ lately. It's all just short term cycles, but I still hope to see a continual boost in value instead of temporary a loss of value.

I don't know what coin you're looking at but seems to me that's *exactly* what we've been seeing lately with XMR.

Monero has been continually "racheting-up" by about ten bucks a throw, over the last several months.

It was stuck around $7-10 last fall after the big August darknet-fuelled mini-moon, then we went to $20 and it "stuck" there a while... then another POP and got stable in the $30 range... then over the whole FluffyGate kerfuffle things went a little loopy and we saw $40-$60 but it settled down to $40-ish quick enough...

And NOW?  We're pretty steady in $40-$50-ish range here, for a fair amount of time already, but people are complaining?  Yeeks... LOL

It's gettin' there... slow and steady wins the race and I for one am *quite* happy to see that my primary choice of bitcoin hedge "alternative" really DOES seem to be shaping up to become the new respected stable "reserve currency" of the ALT-COIN-WORLD

[Nathan047]

No, it's been doing great and I don't mean to sound so negative. I'm just worried that it'll start to lose value since it seems to be just sitting around 30$-50$ lately. It's all just short term cycles, but I still hope to see a continual boost in value instead of temporary a loss of value.

I don't know what coin you're looking at but seems to me that's *exactly* what we've been seeing lately with XMR.

Probably because I was talking about Monero. 

[sui_generis]

EU announces 5 Billion Euro marketing project for Monero:

https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/

[owlcatz]

EU announces 5 Billion Euro marketing project for Monero:

https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/

LOL.. Monero isn't even mentioned, but I get it .. USA have already been doing this with BTC.  Not going to lose sleep over it, nothing to hide anyhow!

[Hueristic]

Hey guys, join the Monero Fantasy Football League 2017!

https://bitcointalk.org/index.php?topic=1971415.0

[Febo]

EU announces 5 Billion Euro marketing project for Monero:

https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/

Lots of tech universities over whole Europe will put together research teams where they will write research papers how Monero is truly fungible. 5 billions is a lot of money.

[Hueristic]

EU announces 5 Billion Euro marketing project for Monero:

https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/

Lots of tech universities over whole Europe will put together research teams where they will write research papers how Monero is truly fungible. 5 billions is a lot of money.

They are going to end up spending more than the market caps of all coins just to control them. LOL they should just buy all coins.

[nekomimi]

hello guys Im interested to invest in monero where I can buy or trade with it

[BitcoinNewsMagazine]

hello guys Im interested to invest in monero where I can buy or trade with it

Visit https://www.monero.how/ all answers to common questions are there. Good resource.

[aminorex]

No, but I am familiar with Bayesian regression, which optimizes distribution estimates, given certain pre-conditions.

Lol  , nice, and how that thing is helping you to trade?

Short term, not much.  Long term, it allows me to use proxy statistics to model the transactional economy, and apply Fisher's law to derive an approximate economic price support level.  I then buy when price is below a discounted fair value determined by Bayesian regression projection of that fair value, where the discounting rate as a function of horizon tenor is derived by historical backtest.  I try to make market short-term, in a small way, but whether I am rolling those gains into BTC or into xmr depends on where the price is relative to the current regression estimate.  After all, if it is trading too dear, one needs to stock powder for the coming reversion and overshoot, while if it is trading too cheap, one needs every xmr one can get - but not too fast since it can always get cheaper.  

While my technical monkey never did well at predicting crypto, the fundamentalist approach is doing quite a bit better, so far, although I haven't tried it on anything but xmr recently.

I recently went on a sabbatical (basically, called in rich and stopped  going to work), and so stopped using salary to buy xmr. I currently depend entirely on trading to increase my stocks.  Once I run out of back-logged home improvements, I may start taking contracts again and resume net inflow, or I might work on xmr software full-time, or maybe I will get that Ph.D. I have always kinda wanted - especially if my daughter decides to go to grad school, as it would be fun to collaborate with her on papers.  It all depends on events, not least of which are price events.  If I had to guess right now what I would be doing in 6 months it would be contract work, in 12 it would be xmr software dev, and in18 months, I would guess that I would have sold 5% of my xmr at $120, and would be engaged in a Ph.D. program.

It's a fun time to be alive, and a great time to be stacking Monero - or BTC even, if you have the stomach for the inevitable volatility that will continue to come from scaling politics.  Not so sure about eth though.  That one may be past the peak of the hype cycle now.  Bancor looks worse than the DAO.  Bancor could be the MTGOX to the DAO's Bitcoinica.

[Dotto]

The US congress is planning to do a better PR for Monero then thousand Amanda B Johnsons. As bullish as it can get:

http://www.investopedia.com/news/congress-bill-require-declaration-digital-currencies-us-border-bitcoin-homeland-security/

[Dotto]

EU announces 5 Billion Euro marketing project for Monero:

https://bitcoinmagazine.com/articles/project-titanium-eus-plan-decloak-cryptocurrency/

Lots of tech universities over whole Europe will put together research teams where they will write research papers how Monero is truly fungible. 5 billions is a lot of money.

They are going to end up spending more than the market caps of all coins just to control them. LOL they should just buy all coins.

LOL. Indeed.

[TheFuzzStone]

It's a fun time to be alive

Yep, totally agree 

[aikklond]

Moreno he why it does not rise. Should be $ 100 so far. all beings rose to such large volumes.

so we can get our Return on investment. Could be in 1 month ?

[KeyJockey]

...it allows me to use proxy statistics to model the transactional economy, and apply Fisher's law to derive an approximate economic price support level.  I then buy when price is below a discounted fair value determined by Bayesian regression projection of that fair value, where the discounting rate as a function of horizon tenor is derived by historical backtest.  I try to make market short-term, in a small way, but whether I am rolling those gains into BTC or into xmr depends on where the price is relative to the current regression estimate...

Translation for those of us like me who's a mite dim, some times, when the grownups be talkin' all fancy math...?

"Buy Monero, and HODL: Dat Shit Be Good"

  

[novag]

Let it be - Pump!

[JGoRed]

Let it be - Pump!

Just be sure you don’t pull a Fluffy Pony on the community.
Trying to pump a coin like Monero has got to be hard to do.