[XMR] Monero Speculation

[saddambitcoin]

Anyone complaining about development just take a look at this:

bitmonerod is using only 34 MB of RAM.



Just do this to get the new version with LMDB database, works great for me on OSX Yosemite.


git clone https://github.com/tewinget/bitmonero.git bitmonero-db
cd bitmonero-db
git checkout blockchain
make release
cd build/release/bin
./blockchain_converter


DONE!

[nioc]

@saddambitcoin,   All I can build is leggos so I have to wait for the devs.  I would love to run a full node again.  I can use the CL wallet with no issues.

Remember folks April 18 is the one year birthday of Monero.  Please consider donating to it's development.  As I have no skills to offer I have donated and will add to that on or before the 18th.

[TrueCryptonaire]

Just my observation:
Incredibly strong buy support in Monero.
I kind of tend to believe the bull trend continues, but it is not a certainity.
Usually the buy support is <300 btc when the trend is bearish.

[onemorexmr]

@saddambitcoin,   All I can build is leggos so I have to wait for the devs.  I would love to run a full node again.  I can use the CL wallet with no issues.

Remember folks April 18 is the one year birthday of Monero.  Please consider donating to it's development.  As I have no skills to offer I have donated and will add to that on or before the 18th.

if you are interested i can help you to set one up (linux only though)

[nioc]

@saddambitcoin,   All I can build is leggos so I have to wait for the devs.  I would love to run a full node again.  I can use the CL wallet with no issues.

Remember folks April 18 is the one year birthday of Monero.  Please consider donating to it's development.  As I have no skills to offer I have donated and will add to that on or before the 18th.

if you are interested i can help you to set one up (linux only though)

Thank you for the offer but I am on windows 8.1

A while ago somebody in the main thread tried to help me by trying to find a way to do it with windows but to no avail.  I don't remember who, it might have been GingerAle.

[aminorex]

it is amazing how fast someone can dump the coin  15-20 %... Shows that there is after all pretty little liquidity in the markets.

Not really.  Try dumping a similar proportion of the total float of JPY on the single most liquidity market on the planet, USDJPY, in a similar amount of time.  I think the price would move a LOT more.

The reason for the large moves is not that the market is illiquid on its own scale.  The reason is that some larger holders are really, really stupid.

[aminorex]

if downtrend is still in force, we are going sub-90

90 isn't even possible for more than a few hours, unless btc goes up a lot.  I simply have too much fiat exposure for that to happen.

[coinits]

Now you know Monero's dirtiest little secret - you're all prancing and hopping behind a lunatic.  

The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers.

^This is so close to becoming my sig--this or a Nietzsche quotation.

I am adding it. Too good to pass up!

[smooth]

Has the price officially broken the uptrend, it's hard to tell as poloniex only using 1 month or the beginning of time as the two charting options.

Also what caused the official spike down was it just FUD or something more serious, BTC usually takes news of a major exchange hack or a massive DDOS attack to spur a serious downtrend.

I see no evidence of a break in the trend. Up from 97k to 340k currently, which is a continuation from 320k before the failed run (on very low volume) at 400k.

Obviously time will tell.

I'm not aware of any "big news" other than de-anon FUD (if you wan't to call that big news even).

[BitcoinIsLiberty]

Anyone complaining about development just take a look at this:

bitmonerod is using only 34 MB of RAM.

What kind of numbers was it before?

[saddambitcoin]

Anyone complaining about development just take a look at this:

bitmonerod is using only 34 MB of RAM.

What kind of numbers was it before?

before? like 5000+ Megabytes. the entire blockchain was stored in RAM

[explorer]

Now you know Monero's dirtiest little secret - you're all prancing and hopping behind a lunatic.  

The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers.

^This is so close to becoming my sig--this or a Nietzsche quotation.

I am adding it. Too good to pass up!

   I first saw that one on a T-shirt years ago, and attributed to various sources since then.  I like to pull it out for the dumb motherfuckers, from time to time 

[smooth]

Now you know Monero's dirtiest little secret - you're all prancing and hopping behind a lunatic.   

The thing about smart motherfuckers is they sound like crazy motherfuckers to dumb motherfuckers.

^This is so close to becoming my sig--this or a Nietzsche quotation.

I am adding it. Too good to pass up!

   I first saw that one on a T-shirt years ago, and attributed to various sources since then.  I like to pull it out for the dumb motherfuckers, from time to time 

When I looking around to see where it came from most sources said the Walking Dead, but the comic book series not the TV show. The former dates back to 2003, so the T-shirt could be come from that. If there is an earlier source let me know and I will update my sig.

[Anon136]

I'm just impressed by everyone who made it past.

The Phuck. . .

That is precisely as far as I was able to make it into that gem.

[explorer]

   I first saw that one on a T-shirt years ago, and attributed to various sources since then.  I like to pull it out for the dumb motherfuckers, from time to time 

When I looking around to see where it came from most sources said the Walking Dead, but the comic book series not the TV show. The former dates back to 2003, so the T-shirt could be come from that. If there is an earlier source let me know and I will update my sig.

IIRC I first encountered it around 2009 or -10, so you are likely correct.  Regardless, it still makes me smile.

[vokain]

Another one I like

"Here's to the crazy ones"

[dewdeded]

Available Supply      7.06 Million 
Total Supply            18.4 Million


Looks better to me, then I thought.

[opennux]

Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.

[TrueCryptonaire]

Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.

Yup, it was not good for the bull trend to take it above 0.004 this fast. Man, when I went to sleep, the price was 0.0029 and in the morning when I woke up the price was 0.004. It was crazy.
This correction was healthy and probably it was done mainly by the profit takers.

I hope there is slower growth rate this time.
Going through the roof indicates coming dump so market making is important.

I don't think Monero will go to parity with bitcoin during this rally, but eventually I am speculating Monero will replace btc as # 1 crypto in years to come.
Keep in mind, the minimum blockreward gives out only <500 xmr daily.
Monero can realistically replace btc in 3 years (the most optimistic scenario). More realistic scenario is 3+ years. Pessimistic being XMR will stay like it is now (or going to 0.01 only, including going to 0 - now it is pretty close to the latter IMO).

Summa summarum, if you believe Monero will make a huge difference in the future, buy XMR, if you think it will stay like this, don't do anything and if you think it will go to 0, you may dump. However, you barely get ~ 1 usd each.

[rpietila]

if downtrend is still in force, we are going sub-90

90 isn't even possible for more than a few hours, unless btc goes up a lot.  I simply have too much fiat exposure for that to happen.

QED.