[XMR] Monero Speculation

[shitaifan2013]

well, low xmr prices are at least good for gamblers.

so far monero is the second most played with altcoin this week right after clam  

see http://dicesites.com

ps: btw the latest monero whale on safedice was from china, I hope he's coming back soon, since I didn't have the time to ask him a shitload of questions about the perception/status of xmr in china.

edit; just spoke to him, lookjs like I'm confusing him with somebody else. monday...

[mrkavasaki]

Monero is doomed to fail!
Bitcoin will bubble soon and Monero will probably reach new lows

[kazuki49]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value.  

You also can't spell Monero without Mo, what does Mo? (cash) Cows

There are groups that use Monero to pump and dump, there few things we can do to mitigate this phenomenon apart from strong hands buying more, I know it sounds cliche but its true, I dont trade XMR, I believe in this coin potential thats why I keep buying, I don't see any other coin with a brighter future.

No one promised you that the path to the moon would be straight smooth.

[TrueCryptonaire]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value.  

You also can't spell Monero without Mo, what does Mo? (cash) Cows

There are groups that use Monero to pump and dump, there few things we can do to mitigate this phenomenon apart from strong hands buying more, I know it sounds cliche but its true, I dont trade XMR, I believe in this coin potential thats why I keep buying, I don't see any other coin with a brighter future.

No one promised you that the path to the moon would be straight smooth.

Yes it will be full of dumps and good opportunities to sell high and buy back lower.

[elrippo]

Monero is doomed to fail!
Bitcoin will bubble soon and Monero will probably reach new lows

Do you have a crystalball to look at for your awnsers or are you just on too much coffeine 

[Oscilson]

Monero is doomed to fail!
Bitcoin will bubble soon and Monero will probably reach new lows

Do you have a crystalball to look at for your awnsers or are you just on too much coffeine 

I don't thinks so. The price of XMR is quite stable within a range.

[illodin]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

Keep your nervs, wait for the long run 

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalk.org/index.php?topic=583449.msg11663084#msg11663084

[othe]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

Keep your nervs, wait for the long run 

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalk.org/index.php?topic=583449.msg11663084#msg11663084

No - because that kind of attack is way easier to make on DASH/DARKCOIN.

I can just spam the network with coinjoin transactions, all i need is a moderate amount of DRK (a few hundred) and pay some tx fees (i dont really need to if i make a deal with a pool tho).
Then owning most of the coinjoin transcactions i can exactly tell which "coins" belong to the other users and which are mine, no need to attack the masternode crap at all :-)
With the low darksend volume its so damn easy to do that :-) Your anonymity set is just the current transactions, ours is the whole blockchain.

Thanks for pointing out how useless DASH is tho.

[wpalczynski]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value.  

Keep your nervs, wait for the long run  

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalk.org/index.php?topic=583449.msg11663084#msg11663084

No - because that kind of attack is way easier to make on DASH/DARKCOIN.

I can just spam the network with coinjoin transactions, all i need is a moderate amount of DRK (a few hundred) and pay some tx fees (i dont really need to if i make a deal with a pool tho).
Then owning most of the coinjoin transcactions i can exactly tell which "coins" belong to the other users and which are mine, no need to attack the masternode crap at all :-)
With the low darksend volume its so damn easy to do that :-) Your anonymity set is just the current transactions, ours is the whole blockchain.

Thanks for pointing out how useless DASH is tho.

Oh come on, they have a nice blue Dalmatian mascot.  The DASH Dalmatian.

[illodin]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

Keep your nervs, wait for the long run 

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalk.org/index.php?topic=583449.msg11663084#msg11663084

No - because that kind of attack is way easier to make on DASH/DARKCOIN.

I can just spam the network with coinjoin transactions, all i need is a moderate amount of DRK (a few hundred) and pay some tx fees (i dont really need to if i make a deal with a pool tho).
Then owning most of the coinjoin transcactions i can exactly tell which "coins" belong to the other users and which are mine, no need to attack the masternode crap at all :-)
With the low darksend volume its so damn easy to do that :-) Your anonymity set is just the current transactions, ours is the whole blockchain.

Thanks for pointing out how useless DASH is tho.

I thought I was responding to why some might be hesitating to buy more when there are open issues instead of comparing XMR and DASH. If I have made an XMR transaction in the past I believed would be and remain private how does it console me if such an attack is supposedly easier on some other coin?

Is your aim to provide anonymous transactions, or compete with DASH?

(Btw, there are things that make it not as easy as you suggest wrt spamming DASH mixing but that's off-topic)

[othe]

Monero.  You cannot spell Monero without Nero.  Nero - Rome is burning.  Monero is crashing in value. 

Keep your nervs, wait for the long run 

Is there a legit reason for Monero losing price?  I haven't seen one.  It's just normal patterns.  In some weeks or months it'll be going up again.

Some potential buyers might be waiting resolution for this: https://bitcointalk.org/index.php?topic=583449.msg11663084#msg11663084

No - because that kind of attack is way easier to make on DASH/DARKCOIN.

I can just spam the network with coinjoin transactions, all i need is a moderate amount of DRK (a few hundred) and pay some tx fees (i dont really need to if i make a deal with a pool tho).
Then owning most of the coinjoin transcactions i can exactly tell which "coins" belong to the other users and which are mine, no need to attack the masternode crap at all :-)
With the low darksend volume its so damn easy to do that :-) Your anonymity set is just the current transactions, ours is the whole blockchain.

Thanks for pointing out how useless DASH is tho.

I thought I was responding to why some might be hesitating to buy more when there are open issues instead of comparing XMR and DASH. If I have made an XMR transaction in the past I believed would be and remain private how does it console me if such an attack is supposedly easier on some other coin?

Is your aim to provide anonymous transactions, or compete with DASH?

(Btw, there are things that make it not as easy as you suggest wrt spamming DASH mixing but that's off-topic)

https://bitcointalk.org/index.php?topic=583449.msg11747993#msg11747993

"(unless you have some way of telling whether outputs have been spent, thus proving the proofs of Fujisaki/Suzuki https://eprint.iacr.org/2006/389.pdf incorrect, what you suggest seems impossible to me)."


crossposted here for reference as the main thread is constantly spammed by weird bcn guys.

[medusa13]

the orderbook looks weak. is this the new normal? the damage done by polo just gets more and more visible, if btc rises more it does not look too good, monero seems to stay at around 50 cents. Monero stays unaffected from the current btc rise, but we know it has its own cycle.
btc based alts go strong, the infrastructure advantage combined with monero's high mining output is just too much at the moment for the price to bear. but who is brave enough to dump it down? and when will the bulls that now collectively let it drop step in and end this game?

[jehst]

the orderbook looks weak. is this the new normal? the damage done by polo just gets more and more visible, if btc rises more it does not look too good, monero seems to stay at around 50 cents. Monero stays unaffected from the current btc rise, but we know it has its own cycle.
btc based alts go strong, the infrastructure advantage combined with monero's high mining output is just too much at the moment for the price to bear. but who is brave enough to dump it down? and when will the bulls that now collectively let it drop step in and end this game?

Is polo damaging monero? What do you mean?

[BitmoreCoin]

XMR is not damaged by Polo. It is damaged by botnet or system admins, the mining with zero electricity cost.

[medusa13]

....

Is polo damaging monero? What do you mean?

yeah they did some damage implementing those kyc rules. some of the buyers did never return and hurdles to buy monero are bigger for newcomers now

[aerbax]

yeah they did some damage implementing those kyc rules. some of the buyers did never return and hurdles to buy monero are bigger for newcomers now

I'm not sure that I agree that there are any bigger hurdles for newcomers.  Shapeshift seems to work just fine and is roughly the same process as when we were using Polo:

Buy BTC on Coinbase or Circle (or other).
Transfer BTC to Polo or Shapeshift.
Get XMR.

In fact, I'd say that the rise of Shapeshift has made things easier.  Now, instead of letting too much of my stash reside on Polo (a safety concern), it goes to my XMR wallet directly.

The whole Polo debacle was more of an "ugh, really?!  Ok, fine." And it probably increased the security of our community by having us move XMR to our wallets.  Sure, it was a PITA, but I don't think any medium to long term damage was done.

[iCEBREAKER]

yeah they did some damage implementing those kyc rules. some of the buyers did never return and hurdles to buy monero are bigger for newcomers now

I'm not sure that I agree that there are any bigger hurdles for newcomers.  Shapeshift seems to work just fine and is roughly the same process as when we were using Polo:

Buy BTC on Coinbase or Circle (or other).
Transfer BTC to Polo or Shapeshift.
Get XMR.

In fact, I'd say that the rise of Shapeshift has made things easier.  Now, instead of letting too much of my stash reside on Polo (a safety concern), it goes to my XMR wallet directly.

The whole Polo debacle was more of an "ugh, really?!  Ok, fine." And it probably increased the security of our community by having us move XMR to our wallets.  Sure, it was a PITA, but I don't think any medium to long term damage was done.

Polo has done XMR a great favor.  The short term pain is worth the long term gain.

Their KYC boot-licking has two beneficial effects.  First, it creates motivation/incentive for volume to move to other exchanges.

I've been waiting for someone to buy KoziTwo's nifty cryptonote.exchange.to project and stick it on an i2p/onion site....

Second, Polo is now ready to start the scaling process of accepting fiat not just from piddly bank transfers, but real (7+ figures) money from accredited investors as well.

[iCEBREAKER]

Bitcoin and especially LTC has risen nicely, while XMR has languished.

Stinks.......

Not if you want to buy more XMR.   

[bbreconomy]

I think one of Monero's biggest weaknesses right now is the fact that there is only one exchange that supports it with any kind of volume. What would happen if Polo got shutdown or hacked?

It is also traded on Bittrex. In your hypothetical world I imagine more traffic would move there

[hiddensphinx]

Good time to buy into XMR now with the dip in price?