[XMR] Monero Speculation

[TrueCryptonaire]

To me Monero is currently like a pinball game: I hit buy-button when it is down and I hit the sell-button when the price is up.
This is much fun for me.  

So you're buying?

Yes I have bought some despite the fact that the price might dump also and I might become one of the bagholders.

If Monero is able to establish itself well above the previous highs (around 0.0042 if I am not mistaken), it will give a nice launching for a new ATH. If not, then we simply need to waite a little bit more and accumulate more coins.

The coming fiat-exchanges will make Monero easy to purchase which in turn will help the adaption, ecosystem and the economy to grow.
Chances are, we will see 10 usd/xmr this year. However, I am not sure if it happens but definetely it is possible.

[medusa13]

10 usd would assume a market cap of over 100 millions (we should have more than 10 million coins by then). i can not see this happening this year, but in the long run ofc

orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident

[SmoothCurves]

10 usd would assume a market cap of over 100 millions (we should have more than 10 million coins by then). i can not see this happening this year, but in the long run ofc

orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident

Have you guys seen this? https://www.youtube.com/watch?v=bOp47r1r7XQ&feature=youtu.be

[medusa13]

10 usd would assume a market cap of over 100 millions (we should have more than 10 million coins by then). i can not see this happening this year, but in the long run ofc

orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident

Have you guys seen this? https://www.youtube.com/watch?v=bOp47r1r7XQ&feature=youtu.be

thanks for the video!

this guy is so wrong lol i dont even want to comment.

[TrueCryptonaire]

10 usd would assume a market cap of over 100 millions (we should have more than 10 million coins by then). i can not see this happening this year, but in the long run ofc

orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident

100 million USD marketcap is a possibility this year.
We need USD exchange, advertising and a huge scarcity of coins in the markets.
At the end of this year, the daily coin mintage is around 10 000 xmr/day. This means the dollar value of a daily emission is 100 000 usd if the Monero is priced to 10 usd each.
I do not know if it will establish to 10 usd/xmr but at least we can see it touching there... But this requires hard work and tons of new money from the investors, but the network effect will be on our side if the price starts to climb.  

[jehst]

10 usd would assume a market cap of over 100 millions (we should have more than 10 million coins by then). i can not see this happening this year, but in the long run ofc

orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident

Have you guys seen this? https://www.youtube.com/watch?v=bOp47r1r7XQ&feature=youtu.be

Lol, comment troll bitching about the emission. Bitcoin cannot be compared to other coin launches. It was the first. Sure emission was slower, but nobody knew or cared about it so distribution is the same or possibly even worse. First 3 years of bitcoins are in few hands compared to rest of people in crypto, forget about the world. Monero in it's first year is comparable to several first years of bitcoin as it is not this anomalous new tech that needs to be discovered, comprehended and then speculated. The ecosystem was already here to pick it up and word travels fast in crypto now. There has been and still is every opportunity to purchase XMR. In fact, someone needs to tell them that early adopters paid 2-5$ for their monero at time of highest emission and now they are only $0.5 so despite the high emission, new entrants are getting a vastly superior deal.


EDIT: Also, guy doing the video seems like  tool. He doesn't even know that monero is mined. He thinks it was a burn like counterparty. And why is he doing his video in a thrift store? lol. Professional.

I also find it odd that someone is doing a video about something that they haven't researched at all. Why would you say that Monero is burned? It would take 2 minutes to google the answer.

[SmoothCurves]

10 usd would assume a market cap of over 100 millions (we should have more than 10 million coins by then). i can not see this happening this year, but in the long run ofc

orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident

Have you guys seen this? https://www.youtube.com/watch?v=bOp47r1r7XQ&feature=youtu.be

Lol, comment troll bitching about the emission. Bitcoin cannot be compared to other coin launches. It was the first. Sure emission was slower, but nobody knew or cared about it so distribution is the same or possibly even worse. First 3 years of bitcoins are in few hands compared to rest of people in crypto, forget about the world. Monero in it's first year is comparable to several first years of bitcoin as it is not this anomalous new tech that needs to be discovered, comprehended and then speculated. The ecosystem was already here to pick it up and word travels fast in crypto now. There has been and still is every opportunity to purchase XMR. In fact, someone needs to tell them that early adopters paid 2-5$ for their monero at time of highest emission and now they are only $0.5 so despite the high emission, new entrants are getting a vastly superior deal.


EDIT: Also, guy doing the video seems like  tool. He doesn't even know that monero is mined. He thinks it was a burn like counterparty. And why is he doing his video in a thrift store? lol. Professional.

I also find it odd that someone is doing a video about something that they haven't researched at all. Why would you say that Monero is burned? It would take 2 minutes to google the answer.

I noticed that too. He knows nothing about Monero. He also doesn't consider the fact that many btc wallets have identities attached to them and are easily tracked. This means that moving your BTC to a monero sidechain would be deemed suspicious activity and they'd know who to contact. Monero > sidechains

[Hueristic]

10 usd would assume a market cap of over 100 millions (we should have more than 10 million coins by then). i can not see this happening this year, but in the long run ofc

orderbook stays weak, some are definetely refusing polo. i would love to help provididing liquidity at the new exchange if i know who to contact, ofc all other parameters have to be right too, but i am confident

Have you guys seen this? https://www.youtube.com/watch?v=bOp47r1r7XQ&feature=youtu.be

thanks for the video!

this guy is so wrong lol i dont even want to comment.

LOL, and the retard is standing in front of a "Free HIV Testing" sign. Lol He is getting buttraped by unsecure transactions.

[iCEBREAKER]

Yes but you were using the example that you bought things with ltc and not XMR to illustrate the usefulness of ltc compared to XMR.

Shapeshift works with LTC and other far more obscure alts, most of which would otherwise be useless.  'Look how easy (via trusted 3rd party) it is to turn into a useful coin like BTC' isn't the best advertisement for XMR's utility.

When I was spending LTC, it was to get great deals on silver at ~spot +free shipping.  I've yet to see an XMR discount for silver, and hope not to because of the temptation it might provoke!   

[rpietila]

I've yet to see an XMR discount for silver, and hope not to because of the temptation it might provoke!   

I am selling you generic 90% U.S. coins at silver spot-1%, free in Estonia. ONLY XMR ACCEPTED

 

[wpalczynski]

I've yet to see an XMR discount for silver, and hope not to because of the temptation it might provoke!   

I am selling you generic 90% U.S. coins at silver spot-1%, free in Estonia. ONLY XMR ACCEPTED

 

You giving them away in Estonia? :p

[jehst]

Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?

[wpalczynski]

Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?

I can probably live with that scenario.

[saddambitcoin]

Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?

If you only provide them with a name & email address - maximum daily withdrawal is $2,500. Its ridiculous, but I guess they have to comply with regulations.

I think you can provide more info and raise your limit but who wants to do that?

[jwinterm]

Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?

You'll have to withdraw over weeks and weeks, send them a copy of your passport, fingerprints, DNA profile, dental records, a lock of your first born's hair, seventeen years of tax returns, urine sample, medical records...

[jehst]

Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?

I can probably live with that scenario.

Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.

[wpalczynski]

Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?

I can probably live with that scenario.

Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.

You should never keep that much money on any exchange.  By that time there will probably be decentralized p2p exchanges.

But you are right, those limits are a pain in the ass.  I was disappointed when they were implemented.  The rumor is that new fiat xmr exchanges are in the pipeline.

[jehst]

Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?

I can probably live with that scenario.

Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.

You should never keep that much money on any exchange.  By that time there will probably be decentralized p2p exchanges.

The problem arises during a bubble scenario when your money increases 10x or 100x in a short period.

[wpalczynski]

Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?

I can probably live with that scenario.

Heavy withdrawal limits are also a great way to run without full reserves. I just don't like it. It's not a joke. It's a real possibility that 50,000 or 100,000 XMR will be equal to 1 million dollars one day. I don't want any funny business on the exchanges.

You should never keep that much money on any exchange.  By that time there will probably be decentralized p2p exchanges.

The problem arises during a bubble scenario when your money increases 10x or 100x in a short period.

You should keep it in your own wallet, only send what you plan to sell to an exchange.

[Johnny Mnemonic]

Last time I was on Poloniex, I saw that there was a withdrawal limit of something like $25,000 per day or less.
So if your XMR are one day worth 1 million dollars, you'll have to withdraw every day for weeks and weeks to withdraw your XMR?

At those prices, I assume those who have millions of dollars worth of XMR wouldn't be storing them on exchanges anyway (unless they know what they're doing).