[XMR] Monero Speculation

[Hueristic]

I'm sure he knows that. It was an opinion, not a prohibition. We're all just talking here.

The shorter period of time they have held the more they moan about how their bag hasn't made them rich yet. Let the ICO crowd mentality run back to the scam crowd and yell moon all day. The sooner they learn that this project is real and not some get rich quick scheme the better for all involved.

Do you the price under performing is due to the ICO mania?

People are stupid, who knows. AB down didn't help.

Polo deposits not working.

https://www.reddit.com/r/Monero/comments/6ofbd0/poloniex_xmr_deposits_not_working_again/

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[Febo]

I'm sure he knows that. It was an opinion, not a prohibition. We're all just talking here.

The shorter period of time they have held the more they moan about how their bag hasn't made them rich yet. Let the ICO crowd mentality run back to the scam crowd and yell moon all day. The sooner they learn that this project is real and not some get rich quick scheme the better for all involved.

Do you the price under performing is due to the ICO mania?

People are stupid, who knows. AB down didn't help.

Polo deposits not working.

https://www.reddit.com/r/Monero/comments/6ofbd0/poloniex_xmr_deposits_not_working_again/

I have not tried to deposit or withdraw, but When I go on Poloniex  withdrawal page all is normal to me. There is my address I can deposit.

[sui_generis]

One of these things is not like the others..

[goin2mars.]

"unknown amount of monero"

And

"Deposits aren't working on main exchange"

Seems to add up to something when combined.

(Yes I am speculating that the main exchange is assisting law enforcement agency(ies))

[rangedriver]

You are free to tell anyone you want buy more Monero. But you have zero rights to tell someone to stop saying to people to not buy any Monero.  

You have the freedom to do both. The idea that you have zero rights to tell someone something or anything doesn't really make much sense. You can say whatever you want, more or less.

In turn you are free to disagree or decline. It's entirely up to you.

[rangedriver]

Specifically: As Monero’s promotional dimension moves into the arena of television interviews, we don’t want the host’s last words to be: “You heard it hear folks… Don’t Buy Monero.”

Exactly. It's really just about meme control and ensuring the best message for Monero's long-term survival is in circulation.

[Hueristic]

Polo deposits not working.

https://www.reddit.com/r/Monero/comments/6ofbd0/poloniex_xmr_deposits_not_working_again/

Just checked and funds are there now. Not sure when it started working again.

[KeyJockey]

One of these things is not like the others..

LOL that's gotta be stickin' in the craw of all the ZCash boosters, huh...?

I wanna get a t-shirt that says just "...and an unknown amount of Monero"



P.S. Couple years ago, FedGov announces takedown of Silk Road and bitcoin spikes.  Today, FedGov announced takedown of AlphaBay... and bitcoin spikes.

Thanks, guys

[mambamanagement]

what do you think the bitcoin price of monero will be in coming months  

[smooth]

Smooth has to be one of the biggest hypocrites in this space. Gets wealthy from cryptocurrency, then goes around and chides others for trying to do the same. To boot, he has the audacity to act morally superior about it.

I'm hardly chiding anyone for trading. I've consistently said that people have the right to do whatever they want with their own money. I also agree with tokeweed that a lot of the profit comes from the worse traders and I consider that all fair play: You step into the arena, you get what you deserve.

That's very different from cautioning unprepared non-combatants about stepping into the arena. But ultimately it is up to them (again, people can do what they want with their own money). I'm definitely against 'bans' and such.

BTW, I've made a lot less (and if asked other times, lost a lot less) from crypto than many others, mostly because I've always considered it a form of extreme speculation and limited (though not entirely) my exposure to it.

[sui_generis]

...

So raking in millions of USD from Steem is fine, but you wag your finger at people who want to promote Monero? The Monero Project can't achieve its goals if it remains unknown. If it isn't promoted heavily, it will be marginalized, and shit tier alternatives like Zcash will succeed instead.

So please don't feed us your line of "oh it's morally unacceptable to promote Monero to people because there are risks". Every investment carries risk, as well as potential rewards proportional to that risk.

[ChironRegera]

One of these things is not like the others..

Love this!

[smooth]

...

So raking in millions of USD from Steem is fine, but you wag your finger at people who want to promote Monero? The Monero Project can't achieve its goals if it remains unknown. If it isn't promoted heavily, it will be marginalized, and shit tier alternatives like Zcash will succeed instead.

So please don't feed us your line of "oh it's morally unacceptable to promote Monero to people because there are risks".

I never told anyone what to do or not do. What I said was, effectively, that telling people (who are not not extreme speculators and most are not) to not buy Monero is often good advice, and people (such as fluffypony) who want to continue to say that are well-justified in doing so.

There is also the good point (credit Febo) that no one has the right to tell anyone else what to say or not say. The suggestion of "retiring" the advice is out of line on that basis.

If you want to shill Monero or anything else, you don't need my permission, nor can I stop you.

Every investment carries risk, as well as potential rewards proportional to that risk

That's mathematically and logically incorrect, although 'potential' is a kind of meaningless term since it says nothing about how likely that reward is to be a realized. Many trading strategies have high risk but do not have high expected rewards; they are just bad strategies that lose money (or at a minimum risk it without compensation). Occasionally high rewards can be achieved without high risks (for example, my rewards in Steem were achieved while risking essentially nothing). Your understanding of trading is overly simplistic and naive. All the more reason advice from you is likely to be dangerous.

[rangedriver]

There is also the good point (credit Febo) that no one has the right to tell anyone else what to say or not say. The suggestion of "retiring" the advice is out of line on that basis.

Sorry but that makes no sense. Everyone has the right to tell anyone else whatever they want.

The suggestion of "retiring" a strategy isn't out of line at all.

[smooth]

There is also the good point (credit Febo) that no one has the right to tell anyone else what to say or not say. The suggestion of "retiring" the advice is out of line on that basis.

Sorry but that makes no sense. Everyone has the right to tell anyone else whatever they want.

The suggestion of "retiring" a strategy isn't out of line at all.

It isn't out of line to suggest it, sure. But expecting to 'retire' anything is illogical. There will very likely always be someone who continues to give that advice. It'll never actually be 'retired'.

Furthermore, when and how did it become a "strategy"?

[rangedriver]

It isn't out of line to suggest it, sure.

You literally just said:-

The suggestion of "retiring" the advice is out of line on that basis.

??

As for retirement of a meme, I'm not really expecting the community to retire anything or a meme to die. Truth be told, this was a bit of advice specifically intended for an individual in anticipation of a situation.

And in regards to strategy.... everything is strategy. No matter whether your skin is financial, personal or political.

[sui_generis]

No need to be pedantic, Smooth. I understand that you're not going around and preventing others from promoting Monero. I just don't think it's consistent for someone to make millions from cryptocurrency, and then make self-righteous posts about the risks of cryptocurrency. Posts which imply that Monero shouldn't be promoted because it has risks associated with it. Posts which argue against retiring a meme that is harmful to Monero.


Meme: A behavior, idea, or style that spreads through a population. Not the common usage of the term which refers to a picture with some text on it. "Don't buy Monero" has become a meme in the sense that it's showing up in comment sections on articles, Twitter, Reddit, anywhere that Monero is discussed. All that we're saying is, "Don't buy Monero" was fine and funny as an inside joke, but now more and more people are looking into Monero. They won't understand that it's a joke (have seen this exact situation multiple times), and it's in the best interest of the project to kill the joke.

[smooth]

It isn't out of line to suggest it, sure.

You literally just said:-

The suggestion of "retiring" the advice is out of line on that basis.

??

As for retirement of a meme, I'm not really expecting the community to retire anything or a meme to die. Truth be told, this was a bit of advice specifically intended for an individual in anticipation of a situation.

And in regards to strategy.... everything is strategy. No matter whether your skin is financial, personal or political.

I'm only aware of one clear instance where the advice became a meme (on twitter recently) and I took it as being quite amusing. To view that as a problem shows lack of appreciation for humor IMO.

I seriously doubt that fluffypony is going to answer any differently when people ask him in interviews, etc. whether Monero is a good investment or whether people should buy it, but who knows I could be surprised. I won't be recommending it to grandma any time soon either (unlike, say, Evan who apparently recruited most of his family to 'invest' in Dash, and that has indeed worked out for them, so far).

I just don't think it's consistent for someone to make millions from cryptocurrency, and then make self-righteous posts about the risks of cryptocurrency.

I'll update the advice this way: If you have been studying and investing in crypto since 2011, have significant financial resources outside crypto, understand the technology as an experienced software developer, have a background in business, economics and finance including years of experience with securities and derivatives trading as well as startup investing, then go ahead. Otherwise, be aware you are stepping into a shark tank and people with these advantages are more are competing to out-trade you.

[ChironRegera]

Any predictions on who will reach $100 first between XMR and LTC?

[rangedriver]

It isn't out of line to suggest it, sure.

You literally just said:-

The suggestion of "retiring" the advice is out of line on that basis.

??

As for retirement of a meme, I'm not really expecting the community to retire anything or a meme to die. Truth be told, this was a bit of advice specifically intended for an individual in anticipation of a situation.

And in regards to strategy.... everything is strategy. No matter whether your skin is financial, personal or political.

I'm only aware of one clear instance where the advice became a meme (on twitter recently) and I took it as being quite amusing. To view that as a problem shows lack of appreciation for humor IMO.

I seriously doubt that fluffypony is going to answer any differently when people ask him in interviews, etc. whether Monero is a good investment or whether people should buy it, but who knows I could be surprised. I won't be recommending it to grandma any time soon either (unlike, say, Evan who apparently recruited most of his family to 'invest' in Dash, and that has indeed worked out for them, so far).

In that case I'm out.

When the smartest man in the scene can't read between the lines and get a sense of long-term strategy then, frankly, we're all fucked.