[XMR] Monero Speculation

[americanpegasus]

As posted on Reddit...  girlfriend is moving in soon.  I had to break the news to her that we're not buying a TV.
  
 
  
   
  
Speculation at its finest.  I feel this will be a very amusing image a few years from now, one way or another.

[Arux]

NO!

Do not sacrifice the TV!

[americanpegasus]

  
  
Consider this:  I could save and scrape $3000 and buy a crazy TV right now.... or buy approximately 6000 Monero @ 50 cents each.  
  
In 3 years, if the price of Monero has fallen to 10 cents each, then I can sell them all and take my $600 and buy... probably the exact same model TV.    
  
https://youtu.be/e3QRTToTLzI

[Arux]

yes, you're absolutely right.

but I'll let you explain it to the kids. 

[rdnkjdi]

 
  
Consider this:  I could save and scrape $3000 and buy a crazy TV right now.... or buy approximately 6000 Monero @ 50 cents each.  
  
In 3 years, if the price of Monero has fallen to 10 cents each, then I can sell them all and take my $600 and buy... probably the exact same model TV.    
  
https://youtu.be/e3QRTToTLzI

Can't you just buy a $600 TV (nicer than any TV I've ever owned) ~ http://www.bestbuy.com/site/sharp-aquos-55-class-54-6-diag--led-1080p-smart-hdtv-black/3250006.p?id=1219575793851&skuId=3250006

& put $2,400 in Monero?  When they are all worth $1000 each (like you predict) there's not a huge lifestyle difference between 4,800,000 & 6,000,000.

There is a big lifestyle difference between no TV & a 55" LED Smart TV

[americanpegasus]

 
  
Consider this:  I could save and scrape $3000 and buy a crazy TV right now.... or buy approximately 6000 Monero @ 50 cents each.  
  
In 3 years, if the price of Monero has fallen to 10 cents each, then I can sell them all and take my $600 and buy... probably the exact same model TV.    
  
https://youtu.be/e3QRTToTLzI

Can't you just buy a $600 TV (nicer than any TV I've ever owned) ~ http://www.bestbuy.com/site/sharp-aquos-55-class-54-6-diag--led-1080p-smart-hdtv-black/3250006.p?id=1219575793851&skuId=3250006

& put $2,400 in Monero?  When they are all worth $1000 each (like you predict) there's not a huge lifestyle difference between 4,800,000 & 6,000,000.

There is a big lifestyle difference between no TV & a 55" LED Smart TV

 
 
Yes, that's a nice TV.  Also nicer than any I've owned. 
 
Here's a second plan.  I could just buy this bad boy and put any other funds remaining into Monero. 
 
http://www.ebay.com/itm/like/221822175303?lpid=82&chn=ps  (look at that sweet walt disney logo)
 

[rdnkjdi]

 
  
Consider this:  I could save and scrape $3000 and buy a crazy TV right now.... or buy approximately 6000 Monero @ 50 cents each.  
  
In 3 years, if the price of Monero has fallen to 10 cents each, then I can sell them all and take my $600 and buy... probably the exact same model TV.    
  
https://youtu.be/e3QRTToTLzI

Can't you just buy a $600 TV (nicer than any TV I've ever owned) ~ http://www.bestbuy.com/site/sharp-aquos-55-class-54-6-diag--led-1080p-smart-hdtv-black/3250006.p?id=1219575793851&skuId=3250006

& put $2,400 in Monero?  When they are all worth $1000 each (like you predict) there's not a huge lifestyle difference between 4,800,000 & 6,000,000.

There is a big lifestyle difference between no TV & a 55" LED Smart TV

 

If you wanna keep the GF I would recommend no TV with an excuse like "More pantsfree funtime" than the disney TV.
 
Yes, that's a nice TV.  Also nicer than any I've owned. 
 
Here's a second plan.  I could just buy this bad boy and put any other funds remaining into Monero. 
 
http://www.ebay.com/itm/like/221822175303?lpid=82&chn=ps  (look at that sweet walt disney logo)
 

[aminorex]

the single largest factor which i can identify as likely to trigger an xmr bull run is capital controls in europe.  when peripheral sovereign spreads blow up again, it means the ecb gets desperate in the face of failure and capital controls are imminent.  the next most likely trigger is a publicized series of arrests of darknet market players, particularly if demonstrably related to blockchain analysis.  that would chill btc blackmarkets and xmr is the most fit competitor.  synergetic scenarios are possible as well, but less likely.  for example, greek barter economy adopts btc, tax arrests follow...


i think europe and east asia are the most likely sources of a demand impulse.

[TrueCryptonaire]

the single largest factor which i can identify as likely to trigger an xmr bull run is capital controls in europe.  when peripheral sovereign spreads blow up again, it means the ecb gets desperate in the face of failure and capital controls are imminent.  the next most likely trigger is a publicized series of arrests of darknet market players, particularly if demonstrably related to blockchain analysis.  that would chill btc blackmarkets and xmr is the most fit competitor.  synergetic scenarios are possible as well, but less likely.  for example, greek barter economy adopts btc, tax arrests follow...


i think europe and east asia are the most likely sources of a demand impulse.

The problem honestly is nobody knows Monero (and the same applies to darkcoins etc. also).

[MilkyLep]

the single largest factor which i can identify as likely to trigger an xmr bull run is capital controls in europe.  when peripheral sovereign spreads blow up again, it means the ecb gets desperate in the face of failure and capital controls are imminent.  the next most likely trigger is a publicized series of arrests of darknet market players, particularly if demonstrably related to blockchain analysis.  that would chill btc blackmarkets and xmr is the most fit competitor.  synergetic scenarios are possible as well, but less likely.  for example, greek barter economy adopts btc, tax arrests follow...


i think europe and east asia are the most likely sources of a demand impulse.

I still can't believe DNM users (and vendors) haven't pushed their markets towards utilizing Multi-Sig for their financial protection, their privacy however....

XMR + Multi-Sig + DNM = Future goldmine in my opinion. Call it Mo' Obfuscation Market. M.O.M. 

Re: Speculation - Excuse my inexperience, but would all those green candles but slight downtrend (using this term loosely) / stability over the past week be considered an accumulation zone?

Or are we all forever in the accumulation zone?

[americanpegasus]

I don't think multi-sig is functioning at the moment for XMR but it's a future planned feature.  I could be wrong, and if so, please correct me.

[MilkyLep]

I don't think multi-sig is functioning at the moment for XMR but it's a future planned feature.  I could be wrong, and if so, please correct me.

No you're right, I had typed all in due time after saying that but figured I was about to start a monologue so erased it.  

Although I am curious about what stage of development multi sig is in. Guess I'll go fumble around github after I take a shower.

Edit: I'm getting giddy just thinking about multi-sig being implemented into Monero in the future. I think I need to unplug for a couple days...

[medusa13]

somone is hungry, soon we will find out if this 50k wall really wants to get eaten
look again, btc & clones down, xmr goes up, this is the real anti coin, the real alt coin

[TrueCryptonaire]

The price might go viral once people will realize "hey we can make money by taking long positions here". That is potentially the end of the (supposedly) manipulation sell wall. 

[G2M]

Speculation:

Late LTC hedgers rolling back in. Possible prime time to support ltc/xmr market.

Demand has dropped by about 20 btc from a few days ago.

Moving forward: Putting my money on a continuation pattern.

[TrueCryptonaire]

My current speculation:

The sell books are getting more and more dry.
Looks like it will not take long until Monero is establish above 0.0021 and trying to reach 0.0022.
After all, it will not take too many bitcoins to do it anymore as there have been a few stronger buys today.
I also managed to increase my Monero position by a few hundred coins and looking to do it even tomorrow if the price stays at these lows.

The positive network effect will be created and it will make it feeling saver for long term bitcoiners to buy more Moneros as they can pay their bills and anything online via Moneros using the tool for that purpose.
That will set enourmous buying pressure and the price will eventually go parabolic and even the dumpers are unable to stop the rise as the buyers who do not have Moneros will be the majority and the Monero holders are the minority and the minority do not feel like selling anything serious below 1000 usd/xmr.  

[hodlmybtc]

Slowly but surely...

At least we're in an uptrending channel, daily MACD green, 3D MACD green, weekly MACD is looking like turning soon.

3D BBands haven't ever been this tight.

[dnaleor]

Slowly but surely...

At least we're in an uptrending channel, daily MACD green, 3D MACD green, weekly MACD is looking like turning soon.

3D BBands haven't ever been this tight.

I'm pretty  much looking at the same lines
Imho looking good. I hope the uptrend channel holds and we don't see crazy pumps.

[rpietila]

Imho looking good. I hope the uptrend channel holds and we don't see crazy pumps.

You were part of it:



The pricing of virtual assets is difficult, and when the market perception changes, it moves violently.

At least I don't recall that any pump woudl have been going on when CKG price went +600% in a long month.

[Bassica]

That 100 btc wall at 22,5 is such a juicy offer for someone wanting to establish a large position at a good price. If you're looking to buy for 100+ btc getting it sub 20 has proven to be extremely hard.

There was one time window last winter, but that ship has sailed now. All the recent moves under 20 were kind of shortlived and way too shallow to get anything meaningful.

If the newcomers, existing community and (day)traders can eat there way through the orderbook up to the wall at 22,5, I could foresee a sidelining whale taking the plunge and snap it up with a market order. We've seen this happen before.