[XMR] Monero Speculation

[ArticMine]

If BTC will go under 100 USD, then it will influence on all crypto including Monero and no way Monero would held over 0.001 btc.

Quite the contrary; it's hard to believe XMR price measured in fiat could go much lower than what it already is, resulting in a XMRBTC of >0.002.

This is an interesting perspective. I have argued for XMR behaving as a the leveraged play on XBT based on the past performance of many of the "senior" alt-coins over say a 2 year period; however the combination of the recent bear market in XMR, now having found a bottom, followed by a fall in the XBT/USD rate has created a situation where XMR has close to held its own with respect to USD and other major fiat currencies over the last 30 days. https://bitcoinwisdom.com/. If even a very small portion of the bit bears get the idea they can hedge a part of their XBT exposure by purchasing XMR this could be very bullish at least in the short term. The 30 day figures on https://bitcoinwisdom.com/ speak volumes.

[saddambitcoin]

I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club 

[SmoothCurves]

I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club 

That's 18k XMR?

[saddambitcoin]

I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club 

That's 18k XMR?

18.6k. But it gets harder to attain the more that I donate to XMR projects and I also have a Cryptokingdom habit.

[SmoothCurves]

I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club  

That's 18k XMR?

18.6k. But it gets harder to attain the more that I donate to XMR projects and I also have a Cryptokingdom habit.

I could afford that. It's tough to part ways that many BTC tho. I have around 4k xmr

[bclcjunkie]

true, and if ltc doesn't create a practical solution or come up with more innovative approach, it will remain just another generic alt, which i'm afraid is going to be its demise. This applies to pretty much all the clone alts...
 My take is, we've taken crypto to the next level by now and if you notice crypto crowd (early adopters, investors and etc) has matured to the point where coins with solid technical fundamentals that offer most innovative, real life practical solutions would be the ones to survive... My guess is by mid 2015 most of the investors will have to decide to either stay in bitcoin or move onto next venture if they don't see real progress in it in terms of its innovation and practical usage in future... All they see is speculative frenzy at the moment... Crypto space needs more investors like Marc Andreessen who invested close to 50 million to create ecosystem to solidify infrastructure rather than be a locust fund to hoard coins only to dump them later...
So far i like the way Monero is moving along, we have real interest in ecommerce platform that could integrate monero and if Atrides implements  it could be a huge take off and probably lead the race in that niche. Also we have a game by Risto that makes use of Monero...  

I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club  

[jehst]

My guess is by mid 2015 most of the investors will have to decide to either stay in bitcoin or move onto next venture if they don't see real progress in it in terms of its innovation and practical usage in future...

I think bitcoin and pretty much any crypto asset that's not complete garbage is going to grow if money moves into the space. The space is just too small.

[pa]

Time to port CK to iOS: http://www.reddit.com/r/Bitcoin/comments/2rqlj6/apple_approves_ios_game_that_tips_players_in/

[rpietila]

Time to port CK to iOS: http://www.reddit.com/r/Bitcoin/comments/2rqlj6/apple_approves_ios_game_that_tips_players_in/

CK is browser-playable and optimized to various platforms and resolutions, touchscreen and desktop alike. We are not thinking of "porting" it to specific platforms, as far as I am aware.

[pandacoin]

care to elaborate what your investing strategy was?

Don't bother. Look at the post history. It is just an account being mined up to non-newbie rank so it can be sold.

EDIT: On second look I don't think this is quite true. He's posted about Monero a few times before, so probably just someone with an odd posting style that resembles a rank miner.

They are Turkish activist organisation. Please write their name in Google, you will see. They accept donations as Monero. Probably they are talking about donation money.
To me, it's not wise to get donations as Monero and hold them. I lost money too, but I already knew the risks. I'm out of Monero now. I'm waiting for better prices to buy again.

[GingerAle]

don't know if this belongs in the main thread or here, but wow - the network hash rate is the lowest I've seen since starting my monero endeavour.

[TrueCryptonaire]

up? down? does someone even care about? will we visit 0.001 again?
share your thougths, i would be interested

Definetely down all the way to my very last buy order and then up.

[GreekBitcoin]

Everything is down. everything is dumping. Feels like noone cares for crypto anymore
Forum traffic is so low...Active forum members bubble bursted!
Well at least shitty coins will definitely die now.

[GingerAle]

up? down? does someone even care about? will we visit 0.001 again?
share your thougths, i would be interested

looks like during that last bitcoin dip, monero held value (maintained ~0.45 $). During this current bitcoin dip, monero seems to be following it.

Dunno what to make of it.

might be spillover from paycoin bubble.

[Wexlike]

don't know if this belongs in the main thread or here, but wow - the network hash rate is the lowest I've seen since starting my monero endeavour.

The hashrate is currently a bit higher(13 MH instead of 10 MH), but still way lower than a few days ago. (19 MH -> 13 MH) I am really curious what could be responsible for these spikes.

I just fulfilled my dream to reach a specific percentage of the current bitcoin supply, it took me just a little more than a year.
My next goal is to accumulate 0,1% of the current monero supply. For that, i will buy daily for 12$(that is everything i can afford  ). It's not much, and all you whales will make fun of me, but it adds up over time and I still really like the coin and the people who are involved in it. (and obviously the conversations in this topic)

Overall I think the current price is a great long term opportunity. Especially if you keep in mind the slowing inflation, the future development milestones and the need for anonymity.

First congratulations on meeting your XBT goal. Dollar cost averaging XMR in this fashion is a very good strategy since the short term volatility works very much in your favour. I really like the daily cost averaging. It is also obvious that you have done your homework here, the timing of this post gives that away.  As for whales making fun of you because of the cost averaging amount, I very much doubt it, what is far more likely however is that you become a whale. Many whales got started with small amounts and not just in crypto-currency.

Thank you. Unfortunately monero's price started to rise exactly the day i made my first purchase. That means i am a little bit behind my goal - nevertheless almost 500 xmr!

[GingerAle]

re: hash rate - someone in the main thread indicated that their antivirus was blocking their bitmonerod - maybe the botnets are getting hit by antivirus.

[e-coinomist]

re: hash rate - someone in the main thread indicated that their antivirus was blocking their bitmonerod - maybe the botnets are getting hit by antivirus.

So your speculations are on rising value in between the following small timescale? Since botters have to dump immediately at any value, assuming they are renting "rigs" from a blackhat.

[Wekkel]

Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.

[e-coinomist]

Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.

Not seen that in 2014. More of the opposite.

[rpietila]

Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.

Not seen that in 2014. More of the opposite.

Bitcoinland is only 6 years old, and the current period of not reaching new heights cannot be even called "unprecedented", because we've already had a longer one. The statistical models such as the exponential trendline start to lose their value when their R^2 is not any more the largest of the models in existence.This may happen during 2015, let's see.