[XMR] Monero Speculation

[owm123]

Heads up: 
 
Over at http://www.reddit.com/r/wallstreetbets I'll be conducting a

HVIAmA (Halloween Video Ask Me Anything) tomorrow at 1PM ET about Monero. 

All of my answers will be in the form of videos, and with successive questions participants will unlock new halloween costumes.
 
This is a subreddit filled with people who like speculative and risky trades on the stock market and has showed a tepid reception to cryptocurrency in the past.  My job will be to convince them that Monero is not a scam, and is a genuine and honest project filled with good intentions.  It might be risky, but it's legit as it gets. 
 
If you have the time, tune in.

If any of you guys are online right now, you should definitely check out this... Didn't know americanpegasus was such a comic rather than some crazy speculative neckbearded dork.  IMO, he's killing it and generally getting a lot of people's attention on there; so if you guys have time, come on out to /r/wallstreetbets and check it out.

Is there any summary of they questions and answers?

[1715206979]

1715206979

[1715206979]

1715206979

[Bagatell]

Is there any summary of they questions and answers?

Buy,buy,buy!

[XMRpromotions]

Is there any summary of they questions and answers?

Buy,buy,buy!

I don't know if anyone bought or not but r/monero has a few more subscribers today.

[chennan]

Is there any summary of they questions and answers?

Buy,buy,buy!

I don't know if anyone bought or not but r/monero has a few more subscribers today.

I was checking the prices to see if a person was really trying to go "all in" on what americanpegasus was selling/marketing, and it only went up a cent... No matter, I believe that if a majority of them start reading more into it and seeing what's at stake, then I think they'll start slowly buying into it.  I think most of them know that the price of any altcoin isn't going to skyrocket when the GUI isn't even out yet, like what americanpegasus pointed out in one of his answers.

[saddambitcoin]

I was checking the prices to see if a person was really trying to go "all in" on what americanpegasus was selling/marketing, and it only went up a cent... No matter, I believe that if a majority of them start reading more into it and seeing what's at stake, then I think they'll start slowly buying into it.  I think most of them know that the price of any altcoin isn't going to skyrocket when the GUI isn't even out yet, like what americanpegasus pointed out in one of his answers.

Nobody learns of something then buys it the very next day. When I first heard of Bitcoin in 2011 I was interested, but had no money to invest. When I finally made the decision to buy some in 2012, it still took a few months to do research on how to buy it, how to use it, then finally buy it. If some new people are interested and learning about it, that's all that matters now.

[miragecash]

Yup, back in 2011, I saw the "we use coins" video and thought that bitcoin was crap because the video was crap. Now, I wish I bought back then because I would've made a tidy profit. It was at less than $10 per BTC when I saw the video and it was at over $1000 when I saw bitcoin next on the internet. Why didn't the "we use coins" guys make a better freaking video?!

Crap "we use coins" video: https://youtu.be/Um63OQz3bjo
Video that caused me to invest in Bitcoin and later other cryptocurrency: https://youtu.be/rzKdW-au110

I was checking the prices to see if a person was really trying to go "all in" on what americanpegasus was selling/marketing, and it only went up a cent... No matter, I believe that if a majority of them start reading more into it and seeing what's at stake, then I think they'll start slowly buying into it.  I think most of them know that the price of any altcoin isn't going to skyrocket when the GUI isn't even out yet, like what americanpegasus pointed out in one of his answers.

Nobody learns of something then buys it the very next day. When I first heard of Bitcoin in 2011 I was interested, but had no money to invest. When I finally made the decision to buy some in 2012, it still took a few months to do research on how to buy it, how to use it, then finally buy it. If some new people are interested and learning about it, that's all that matters now.

[Abiky]

It’s still very disappointing to see Monero’s price very cheap (due to loss of profit) but at the same time it could be good news as this makes an advantage to invest early on XMR for the next increase in price. I have the sense that next year will be a very good year for Monero. Just wait and see. 

[chennan]

It’s still very disappointing to see Monero’s price very cheap (due to loss of profit) but at the same time it could be good news as this makes an advantage to invest early on XMR for the next increase in price. I have the sense that next year will be a very good year for Monero. Just wait and see. 

Personally, I think it's going to take atleast another year for monero's price to go up... We still need to wait until summer time next year for the GUI to come out, and until then there will be no real reason for the price to increase... Unless a lot of privacy oriented businesses start accepting XMR, that is.

[bbreconomy]

Unless a lot of privacy oriented businesses start accepting XMR, that is.

That should be a primary goal for Monero and other privacy focused coins.

[chennan]

Unless a lot of privacy oriented businesses start accepting XMR, that is.

That should be a primary goal for Monero and other privacy focused coins.

Yeah, but it's not really a matter of a couple of us who are invested into the privacy focused coins to start contacting these businesses and just say "Hey, you need to accept XMR"... I think we need to inform them of what it is and to get them to actually read the documents and white papers that come along with cryptonite currencies.  Until they get some kind of motivation to do so; we won't have any say as to how they handle their business.

[Conurtrol]

Getting OpenBazaar to accept Monero would be a great start.

[vokain]

It’s still very disappointing to see Monero’s price very cheap (due to loss of profit) but at the same time it could be good news as this makes an advantage to invest early on XMR for the next increase in price. I have the sense that next year will be a very good year for Monero. Just wait and see. 

Personally, I think it's going to take atleast another year for monero's price to go up... We still need to wait until summer time next year for the GUI to come out, and until then there will be no real reason for the price to increase... Unless a lot of privacy oriented businesses start accepting XMR, that is.

We should think less in quantities of time and more in qualities of movement (together).
http://www.smithsonianmag.com/science-nature/how-just-one-bird-can-urge-entire-flock-change-directions-180952426/

Interesting comment from the discussion: "we will find that consciousness flows like this..."

[jwinterm]

Getting OpenBazaar to accept Monero would be a great start.

Not sure whatever became of it, but the guy that runs dwarfpool was paid some xmr to develop a Monero fork of Openbazaar, called Freemarket, or Openmarket, or something.

[binaryFate]

Getting OpenBazaar to accept Monero would be a great start.

Not sure whatever became of it [...]

Nothing.
But he did dear to ask for even more funds between nothing and nothing.

[smoothie]

I was checking the prices to see if a person was really trying to go "all in" on what americanpegasus was selling/marketing, and it only went up a cent... No matter, I believe that if a majority of them start reading more into it and seeing what's at stake, then I think they'll start slowly buying into it.  I think most of them know that the price of any altcoin isn't going to skyrocket when the GUI isn't even out yet, like what americanpegasus pointed out in one of his answers.

Nobody learns of something then buys it the very next day. When I first heard of Bitcoin in 2011 I was interested, but had no money to invest. When I finally made the decision to buy some in 2012, it still took a few months to do research on how to buy it, how to use it, then finally buy it. If some new people are interested and learning about it, that's all that matters now.

This is very true ^

I took the first 2 months to make sure I understood what Bitcoin was and how it worked before even starting to invest any money into it.

[smoothie]

Yup, back in 2011, I saw the "we use coins" video and thought that bitcoin was crap because the video was crap. Now, I wish I bought back then because I would've made a tidy profit. It was at less than $10 per BTC when I saw the video and it was at over $1000 when I saw bitcoin next on the internet. Why didn't the "we use coins" guys make a better freaking video?!

Crap "we use coins" video: https://youtu.be/Um63OQz3bjo
Video that caused me to invest in Bitcoin and later other cryptocurrency: https://youtu.be/rzKdW-au110

I was checking the prices to see if a person was really trying to go "all in" on what americanpegasus was selling/marketing, and it only went up a cent... No matter, I believe that if a majority of them start reading more into it and seeing what's at stake, then I think they'll start slowly buying into it.  I think most of them know that the price of any altcoin isn't going to skyrocket when the GUI isn't even out yet, like what americanpegasus pointed out in one of his answers.

Nobody learns of something then buys it the very next day. When I first heard of Bitcoin in 2011 I was interested, but had no money to invest. When I finally made the decision to buy some in 2012, it still took a few months to do research on how to buy it, how to use it, then finally buy it. If some new people are interested and learning about it, that's all that matters now.

LOL yeah blame the video for you not investing.   <----- the lesson of why not to judge a book by its cover.

Seriously the video could have been two guys holding up cut out paper puppets attached to chopsticks doing a play to explain what and how bitcoin works and why it matters and I would have still saw the importance.

"Better video"? I thought the we use coins video make the message perfectly clear the FIRST time I watched it.

It is the same reason that I support Monero. Its interface make look like crap (CLI) but it does something important very well.

The makeup and lipstick will come.

[miragecash]

I totally agree with you NOW as someone who now understands crypto, BUT back in 2011, when I was a layman, I saw the crappy cartoon video and thought, "This is crap, man. Don't pay me in crappy shitcoin, Gimme dollars!" The cartoon video went too much into the nerdy mechanics of it while the 2nd video was more humanistic. It talked about how it would disruptively revolutionize money on a global scale. I am a human being. I need a humanistic explanation, not a nerdy "how it works" video.

Some guy in my church told everyone to invest in bitcoin back in 2011. He just told people the nerdy mechanics of it and told people how it worked. Nobody listened to him. People thought he was crazy. I joined this church recently and told people a humanistic explanation of why bitcoin is so important and half a dozen people immediately asked me to drive them to a bitcoin ATM. These 6 people also used all or some of their bitcoins to buy Monero.

I am not blaming the video for not investing in 2011. I am asking you guys to explain bitcoin and monero in a humanistic manner while glossing over the mechanics of how it works in order to get more people on board and using bitcoin (and other cryptos like Monero).

Yup, back in 2011, I saw the "we use coins" video and thought that bitcoin was crap because the video was crap. Now, I wish I bought back then because I would've made a tidy profit. It was at less than $10 per BTC when I saw the video and it was at over $1000 when I saw bitcoin next on the internet. Why didn't the "we use coins" guys make a better freaking video?!

Crap "we use coins" video: https://youtu.be/Um63OQz3bjo
Video that caused me to invest in Bitcoin and later other cryptocurrency: https://youtu.be/rzKdW-au110

I was checking the prices to see if a person was really trying to go "all in" on what americanpegasus was selling/marketing, and it only went up a cent... No matter, I believe that if a majority of them start reading more into it and seeing what's at stake, then I think they'll start slowly buying into it.  I think most of them know that the price of any altcoin isn't going to skyrocket when the GUI isn't even out yet, like what americanpegasus pointed out in one of his answers.

Nobody learns of something then buys it the very next day. When I first heard of Bitcoin in 2011 I was interested, but had no money to invest. When I finally made the decision to buy some in 2012, it still took a few months to do research on how to buy it, how to use it, then finally buy it. If some new people are interested and learning about it, that's all that matters now.

LOL yeah blame the video for you not investing.   <----- the lesson of why not to judge a book by its cover.

Seriously the video could have been two guys holding up cut out paper puppets attached to chopsticks doing a play to explain what and how bitcoin works and why it matters and I would have still saw the importance.

"Better video"? I thought the we use coins video make the message perfectly clear the FIRST time I watched it.

It is the same reason that I support Monero. Its interface make look like crap (CLI) but it does something important very well.

The makeup and lipstick will come.

[papa_lazzarou]

Getting OpenBazaar to accept Monero would be a great start.

Not sure whatever became of it, but the guy that runs dwarfpool was paid some xmr to develop a Monero fork of Openbazaar, called Freemarket, or Openmarket, or something.

FreeBazar?

[owm123]

Unless a lot of privacy oriented businesses start accepting XMR, that is.

That should be a primary goal for Monero and other privacy focused coins.

Yeah, but it's not really a matter of a couple of us who are invested into the privacy focused coins to start contacting these businesses and just say "Hey, you need to accept XMR"... I think we need to inform them of what it is and to get them to actually read the documents and white papers that come along with cryptonite currencies. Until they get some kind of motivation to do so; we won't have any say as to how they handle their business.

For privacy oriented services, like for most businesses, are to main motivations:
1. Money
2. Reputation

1. Money

If they see that costumers chose competition over them, because they accept xmr, its enough of a motivation to start considering accepting monero as well.

For this to happen there needs to be enough users being happy to pay/donate for the services with xmr.  

2. Reputation

If some service is serious about protecting users privacy, they should do everything they can do protect this privacy. This includes supporting payment methods that actually protect this privacy.

And for this to happen, limitations of the bitcoin in terms of privacy and anonymity must be more well known. Most ppl think that bitcoin is most private and most anonymous payment method ever developed.

[e-coinomist]

I believe one monero will be worth approximately 3.7 sheep or 125 chickens within the next 75 lunar cycles

One can speculate on sheeps'n'chickens too, just mentioning. Could be very lucrative.

The comparison to bitcoins suffers from the comparison to bitcoins. People will always point out it compares to the epic bitcoin market crash when price gains, so volume will be near zilch/nada/nuthing at the pike. No buy support, short episode. This past will be haunting.

Or 0.106 Elephants.  

When those are standing around in a room, everybody preferes not to mention

Before "Bitcoin repeats" one would have to make Bitcoin unhappen.