[XMR] Monero Speculation

[infofront]

The fact that Polo has been down all day is concerning.

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[tokeweed]

The fact that Polo has been down all day is concerning.

Huh?  It's up.  Been looking at altcoin prices all day.  Try using another DNS or something.  What's concerning are those errors when you cash out.  They should be fixed by now, the fact that they aren't means their dev team ain't good.

[elrippos friend]

I know this is the Monero thread, but i have a very small amount of money, do you think i should invest in XMR or ETH?

For sure most people would say monero here.

I have invested in both and was very glad that I bought ETH when it was at80$. I sold them at 220$ because for me it was a little bit to overhyped. Than I stocked up my btc and xmr.

ETH had its race, but for me it is totally quite a good invest since the price dump. I am not sure where it will go the next days/weeks, the pump was too heavy. Maybe to 300 again, maybe 150, who knows. On long term definitely upwards I guess...

On the other hand, the chances for XMR are much higher with the upcoming things like ledger wallet etc. to make a jump in near future.
And there are also many chances when they start making more marketing.
Many people havent seen how great this coin is. I asked so many people to have a look at it and nearly everybody invested a little bit in it after they actualy red something about it.

I would not say one coin of it is better, they are totaly different.
But for me XMR is the coin I have chosen at the end, because I love it and want to support it. It is money2.0 for me; totally secure, anonymous and has a great developer team. If there would be the possibility, I would use monero for each of my daily transactions.

+1 --> same here 

I also believe that XMR will have a better adoption and use case as BTC. If you look at the xmr.to wallet, which is slightly modified, after you made the broadcast, 3 seconds later you see the payment on their modified wallet. If you try to pay a pizza at your local store with BTC you have to wait until your payment is accepted by a block out ot of the mempool. Last time i did that, i had to wait 1¹/² hours to get one confirmation. If i make a payment with Monero, it takes me like 3 minutes for the first confirmation. I would urge the DEV team to talk to the guys from xmr.to and pickup their modified code for the broadcast check, than you are faster than master card and that's a use case!!!

[Febo]

The fact that Polo has been down all day is concerning.

Huh?  It's up.  Been looking at altcoin prices all day.  Try using another DNS or something.  What's concerning are those errors when you cash out.  They should be fixed by now, the fact that they aren't means their dev team ain't good.

There has to be something yesterday on poloniex since for few hours price did not moved at all. and was no volume.

[allohha]

I know this is the Monero thread, but i have a very small amount of money, do you think i should invest in XMR or ETH?

For sure most people would say monero here.

I have invested in both and was very glad that I bought ETH when it was at80$. I sold them at 220$ because for me it was a little bit to overhyped. Than I stocked up my btc and xmr.

ETH had its race, but for me it is totally quite a good invest since the price dump. I am not sure where it will go the next days/weeks, the pump was too heavy. Maybe to 300 again, maybe 150, who knows. On long term definitely upwards I guess...

On the other hand, the chances for XMR are much higher with the upcoming things like ledger wallet etc. to make a jump in near future.
And there are also many chances when they start making more marketing.
Many people havent seen how great this coin is. I asked so many people to have a look at it and nearly everybody invested a little bit in it after they actualy red something about it.

I would not say one coin of it is better, they are totaly different.
But for me XMR is the coin I have chosen at the end, because I love it and want to support it. It is money2.0 for me; totally secure, anonymous and has a great developer team. If there would be the possibility, I would use monero for each of my daily transactions.

+1 --> same here 

I also believe that XMR will have a better adoption and use case as BTC. If you look at the xmr.to wallet, which is slightly modified, after you made the broadcast, 3 seconds later you see the payment on their modified wallet. If you try to pay a pizza at your local store with BTC you have to wait until your payment is accepted by a block out ot of the mempool. Last time i did that, i had to wait 1¹/² hours to get one confirmation. If i make a payment with Monero, it takes me like 3 minutes for the first confirmation. I would urge the DEV team to talk to the guys from xmr.to and pickup their modified code for the broadcast check, than you are faster than master card and that's a use case!!!

!The fact is that I'm not very clear about the external situation and I'm really worried about the safety of my finances. As in this image today, many tolerate some changes on their resources and I do not know what it can turn into. Also, today itself already We have bought Bitcoin, which no one knows how to handle and Perhaps they will even be lost with time.

[Billy Bunter]

The fact that Polo has been down all day is concerning.

Huh?  It's up.  Been looking at altcoin prices all day.  Try using another DNS or something.  What's concerning are those errors when you cash out.  They should be fixed by now, the fact that they aren't means their dev team ain't good.

There has to be something yesterday on poloniex since for few hours price did not moved at all. and was no volume.

Comcast had an outage - I think it was a fire at one of their data centers. Large parts of the north east USA were out for a while.

[cryptimus prime]

Monero right now in mainstream media big headlines in Forbes, CNBC, Bloomberg, BBC. Check it out.

They practicaly say it is a better Version of BTC, privacy focussed and even the companies developing BTC tracking tools said to Forbes that XMR cant be tracked!

https://www.forbes.com/sites/thomasbrewster/2017/08/03/wannacry-hackers-use-shapeshift-to-launder-bitcoin/#339014563d0d

XMR to daa mooon!   

[dazbog835]

!The fact is that I'm not very clear about the external situation and I'm really worried about the safety of my finances. As in this image today, many tolerate some changes on their resources and I do not know what it can turn into. Also, today itself already We have bought Bitcoin, which no one knows how to handle and Perhaps they will even be lost with time.

If you're this worried about price fluctuations, you should not be investing in crypto (at least not at this early stage, maybe in 2 years?). I would suggest looking into index funds instead.

With crypto, you really need to understand the market first... and it's ecosystem as well.

[slaman29]

+1 --> same here 

I also believe that XMR will have a better adoption and use case as BTC. If you look at the xmr.to wallet, which is slightly modified, after you made the broadcast, 3 seconds later you see the payment on their modified wallet. If you try to pay a pizza at your local store with BTC you have to wait until your payment is accepted by a block out ot of the mempool. Last time i did that, i had to wait 1¹/² hours to get one confirmation. If i make a payment with Monero, it takes me like 3 minutes for the first confirmation. I would urge the DEV team to talk to the guys from xmr.to and pickup their modified code for the broadcast check, than you are faster than master card and that's a use case!!!

But Monero isn't about that, otherwise ETH or even DOGE would be just as "useful". Who sells pizza for Monero yet? Monero's last price jump was because of dark market use... I'm actually wondering why it didn't drop when the biggest ones were caught last month.

[Hueristic]

OK, whats up with Trex? Nice amount on the buy side but WTF is up with 2247117.185 XMR on the sell side?

2 Million??? I've never seen that Much for sale anywhere? Have I not noticed it go up so much? I watch polo all the time and never see it go over 300k anymore and drop below 200k all the time.

[binaryFate]

OK, whats up with Trex? Nice amount on the buy side but WTF is up with 2247117.185 XMR on the sell side?

2 Million??? I've never seen that Much for sale anywhere? Have I not noticed it go up so much? I watch polo all the time and never see it go over 300k anymore and drop below 200k all the time.

That amount is on the buy side (most of it at very small price, buy side is worth 90BTC only).
On the sell side there is ~30k XMR currently.

[Hueristic]

OK, whats up with Trex? Nice amount on the buy side but WTF is up with 2247117.185 XMR on the sell side?

2 Million??? I've never seen that Much for sale anywhere? Have I not noticed it go up so much? I watch polo all the time and never see it go over 300k anymore and drop below 200k all the time.

That amount is on the buy side (most of it at very small price, buy side is worth 90BTC only).
On the sell side there is ~30k XMR currently.

HAHA !! Thanks man I lost my mind!

[cAPSLOCK]

"As of today, we have taken measures to blacklist all addresses associated with the WannaCry attackers that are known to the ShapeShift team, as is our policy for any transactions we deem breach our terms of service. We are closely watching the situation as it continues to unfold as to block any further addresses associated.”

https://www.cyberscoop.com/wannacry-monero-bitcoin/

Umm... is this gentlemen?

[Febo]

OK, whats up with Trex? Nice amount on the buy side but WTF is up with 2247117.185 XMR on the sell side?

2 Million??? I've never seen that Much for sale anywhere? Have I not noticed it go up so much? I watch polo all the time and never see it go over 300k anymore and drop below 200k all the time.

That amount is on the buy side (most of it at very small price, buy side is worth 90BTC only).
On the sell side there is ~30k XMR currently.

HAHA !! Thanks man I lost my mind!

2 millions would be more then 15% XMR in someone else wallet. I doubt Monero owners are dumb enough for something like that.

[smooth]

OK, whats up with Trex? Nice amount on the buy side but WTF is up with 2247117.185 XMR on the sell side?

2 Million??? I've never seen that Much for sale anywhere? Have I not noticed it go up so much? I watch polo all the time and never see it go over 300k anymore and drop below 200k all the time.

That amount is on the buy side (most of it at very small price, buy side is worth 90BTC only).
On the sell side there is ~30k XMR currently.

HAHA !! Thanks man I lost my mind!

It is easy to make an enormous buy side denominated in XMR with meaninglessly low bids, for example at 1 satoshi. 1 BTC @ 1 sat = 100 million XMR, more than exist.

[Hueristic]

"As of today, we have taken measures to blacklist all addresses associated with the WannaCry attackers that are known to the ShapeShift team, as is our policy for any transactions we deem breach our terms of service. We are closely watching the situation as it continues to unfold as to block any further addresses associated.”

https://www.cyberscoop.com/wannacry-monero-bitcoin/

Umm... is this gentlemen?

Ha, they blacklist the address when it only has 150k left. A little late don't ya think.

ShapeShift is currently engaging and assisting law enforcement.

“Any transactions made through ShapeShift can not be hidden or obscured and are thus 100 percent transparent, making laundering of any digital tokens impossible,” the statement concluded.

This statement is obviously patently false, once it's a Monero it's no longer transparent and is effectively "laundered".

2 millions would be more then 15% XMR in someone else wallet. I doubt Monero owners are dumb enough for something like that.

Unfortunately I would not be surprised, it seems the more you have is inversely proportional to the amount of effort you put into safe guarding it from some of the posts I've read over the years.

It is easy to make an enormous buy side denominated in XMR with meaninglessly low bids, for example at 1 satoshi. 1 BTC @ 1 sat = 100 million XMR, more than exist.

Yes, I had a brain fart and switched buy/sell sides. I don't use Trex, was just checking out the volume there and mind went boom.

[elrippos friend]

+1 --> same here  

I also believe that XMR will have a better adoption and use case as BTC. If you look at the xmr.to wallet, which is slightly modified, after you made the broadcast, 3 seconds later you see the payment on their modified wallet. If you try to pay a pizza at your local store with BTC you have to wait until your payment is accepted by a block out ot of the mempool. Last time i did that, i had to wait 1¹/² hours to get one confirmation. If i make a payment with Monero, it takes me like 3 minutes for the first confirmation. I would urge the DEV team to talk to the guys from xmr.to and pickup their modified code for the broadcast check, than you are faster than master card and that's a use case!!!

But Monero isn't about that, otherwise ETH or even DOGE would be just as "useful". Who sells pizza for Monero yet? Monero's last price jump was because of dark market use... I'm actually wondering why it didn't drop when the biggest ones were caught last month.

Well, if BTC doesn't get their transactions cleared faster, it will never be suitable for micropayments. Monero has no problem with that, so that is a reason and a use case  
Just wait until the auction for the 11k Monero from alpha bay get's in the sell off 

[denk0815]

+1 --> same here  

I also believe that XMR will have a better adoption and use case as BTC. If you look at the xmr.to wallet, which is slightly modified, after you made the broadcast, 3 seconds later you see the payment on their modified wallet. If you try to pay a pizza at your local store with BTC you have to wait until your payment is accepted by a block out ot of the mempool. Last time i did that, i had to wait 1¹/² hours to get one confirmation. If i make a payment with Monero, it takes me like 3 minutes for the first confirmation. I would urge the DEV team to talk to the guys from xmr.to and pickup their modified code for the broadcast check, than you are faster than master card and that's a use case!!!

But Monero isn't about that, otherwise ETH or even DOGE would be just as "useful". Who sells pizza for Monero yet? Monero's last price jump was because of dark market use... I'm actually wondering why it didn't drop when the biggest ones were caught last month.

Well, if BTC doesn't get their transactions cleared faster, it will never be suitable for micropayments. Monero has no problem with that, so that is a reason and a use case  
Just wait until the auction for the 11k Monero from alpha bay get's in the sell off 

Wouldn`t it be pretty ironic if the authorities sell them in an auction?

[r0ach]

I think people got the game theory of BCH vs BTC completely wrong.  Does Smooth agree with my statement here?:

I like to consider my hedl BCH as an insurance on the unlikely black swan of BTC losing value as the real chain.

You are correct.  Random noobs on this forum INCORRECTLY stated that the only valid game theory path was to dump BCH (think it was derived from some nonsense Szabo said).  He made the error of assuming you're required to keep one token at all.  The real optimal path is to dump both of them in event of rough consensus attack, meaning what's going on right now.  If you refuse to dump both for whatever reason, then the optimal path to try and minimize loss would just be to hold all of them.

[dazbog835]

lol. BCH states under their 'benefits' page, that Bitcoin Cash is fungible. Do other coins that are not fungible, also claim to have fungibility?

Everything that is not Monero, including scams like Dash and Zcash.

Why do you think that is? Do people just not understand the word or is the misrepresentation just so good that it convinces them?