[XMR] Monero Speculation

[persiancat]

I'm getting fairly concerned about the "value* discrepancy" between XMR and ETH.
(* - value as defined by proponents of XMR)

ETH has been on an upward parabolic growth curve ever since early Jan 2016.
It has broken the ATH of 0.008888 (set on 14 Aug 2015) on 10th Feb 2016, and has successfully retested the 0.008888 on 18 Feb 2016.
ETH has not looked back ever since, and has made another 20% jump up yesterday.

Success begets success, momentum begets momentum.

If there are no obvious catalysts for XMR's growth in the near-term, the distance between these two will continue to grow wider.

ETH appears to be a good speculative vehicle for aspiring George Soros'es.
The question is, will XMR continue to be supported by crypto-minded Warren Buffets around the world?

[GreekBitcoin]

...

Oh dont worry, there gonna need to tranfer/store their money privately after the dump and guess whats the best way to do that.

[GingerAle]

I'm getting fairly concerned about the "value* discrepancy" between XMR and ETH.
(* - value as defined by proponents of XMR)

ETH has been on an upward parabolic growth curve ever since early Jan 2016.
It has broken the ATH of 0.008888 (set on 14 Aug 2015) on 10th Feb 2016, and has successfully retested the 0.008888 on 18 Feb 2016.
ETH has not looked back ever since, and has made another 20% jump up yesterday.

Success begets success, momentum begets momentum.

If there are no obvious catalysts for XMR's growth in the near-term, the distance between these two will continue to grow wider.

ETH appears to be a good speculative vehicle for aspiring George Soros'es.
The question is, will XMR continue to be supported by crypto-minded Warren Buffets around the world?

granted, this is a speculation thread, but the value proposed by proponents of XMR centers on its actual utility as a fungible, private, secure currency. Its price is unique from this intrinsic value. If I want to buy 1 jambledrop privately from bob, I can send him however much monero he wants for that jambledrop, with the assuredness that my transaction is private, and bob is assured that the monero he receives will always be equal to any other monero out in existence, regardless of how the world views jambledrop exchange, or wherever I got my monero. Furthermore, bob and I both know that this transaction will occur in minutes due to the adaptive blocksize.

Monero is not a speculative vehicle. Its a currency.

[TrueCryptonaire]

I'm getting fairly concerned about the "value* discrepancy" between XMR and ETH.
(* - value as defined by proponents of XMR)

ETH has been on an upward parabolic growth curve ever since early Jan 2016.
It has broken the ATH of 0.008888 (set on 14 Aug 2015) on 10th Feb 2016, and has successfully retested the 0.008888 on 18 Feb 2016.
ETH has not looked back ever since, and has made another 20% jump up yesterday.

Success begets success, momentum begets momentum.

If there are no obvious catalysts for XMR's growth in the near-term, the distance between these two will continue to grow wider.

ETH appears to be a good speculative vehicle for aspiring George Soros'es.
The question is, will XMR continue to be supported by crypto-minded Warren Buffets around the world?

I am not worried about ETH at all. It is not competing against XMR.
There are plenty of space and funds in the universe.
However, I agree XMR is not that good trading tool as there is not really that much money to be made in short term swings unless you do not use leverage which multiplies even the smallest movements. However, there are also risks involved in marginal trading.

[persiancat]

...

... img ...

Oh dont worry, there gonna need to tranfer/store their money privately after the dump and guess whats the best way to do that.

People have been saying for quite a while that ETH will be dumped.
Yet ETH have survived the previous dump to 0.0085 on Feb 12 - Feb 18, only to emerge stronger now at 0.01758.

Nothing has changed. Their uptrend continues.

Microsoft Azure will soon implement a ETH-derived service into their BaaS.
http://www.coindesk.com/microsoft-ethereum-startup-blockchain/

Once more established companies jumps onboard the ETH ecosystem, it will perpetuate into a positive feedback loop.
Time will tell.

[americanpegasus]

What frustrates me about the whole thing is the sketchy dev support behind Ethereum to start with, in addition to their IPO launch schemes.  Additionally, the uncertain future of what/when they will change to Proof of Stake hurts the credibility of the project further (honestly I have no idea wtf they are talking about with that, and can't be bothered to learn because it sounds scammy as hell). 
 
My worry is that if this model actually does succeed wildly, it establishes precedent for a thousand scammy IPO 'dapp' currencies popping up (as we already see) and bilking people of money.  It also will hurt the reputation of crypto as a whole. 
 
Anyway, Monero is far more advanced and has an entirely different purpose.  No worries that we can't both coexist... I just have a bad taste in my mouth existing in the same world where Ethereum's antics actually make it a billion dollar crypto.

[persiancat]

I'm getting fairly concerned about the "value* discrepancy" between XMR and ETH.
(* - value as defined by proponents of XMR)

ETH has been on an upward parabolic growth curve ever since early Jan 2016.
It has broken the ATH of 0.008888 (set on 14 Aug 2015) on 10th Feb 2016, and has successfully retested the 0.008888 on 18 Feb 2016.
ETH has not looked back ever since, and has made another 20% jump up yesterday.

Success begets success, momentum begets momentum.

If there are no obvious catalysts for XMR's growth in the near-term, the distance between these two will continue to grow wider.

ETH appears to be a good speculative vehicle for aspiring George Soros'es.
The question is, will XMR continue to be supported by crypto-minded Warren Buffets around the world?

granted, this is a speculation thread, but the value proposed by proponents of XMR centers on its actual utility as a fungible, private, secure currency. Its price is unique from this intrinsic value. If I want to buy 1 jambledrop privately from bob, I can send him however much monero he wants for that jambledrop, with the assuredness that my transaction is private, and bob is assured that the monero he receives will always be equal to any other monero out in existence, regardless of how the world views jambledrop exchange, or wherever I got my monero. Furthermore, bob and I both know that this transaction will occur in minutes due to the adaptive blocksize.

Monero is not a speculative vehicle. Its a currency.

GingerAle, I agree with you. I intend to hold XMR, not to trade on it.
I only hold a small amount of it. I treat it as an experiment of buying a digital currency with good fundamentals.

The only liquid markets suitable for speculation now are BTC and ETH.

The current state of BTC and altcoin trading (ex-China) is still in its relative infancy, similar to U.S. equities 30 years ago.
However it will mature faster once it gains mainstream institutional acceptance within US and EU.

[smooth]

My worry is that if this model actually does succeed wildly, it establishes precedent for a thousand scammy IPO 'dapp' currencies popping up (as we already see) and bilking people of money.  It also will hurt the reputation of crypto as a whole. 

I agree of course. This is inevitable (and already happening).

Best advice is to ignore the noise unless you are very good at short-term trading against the mob and stick with the fundamentally strong assets. Over time they will do better.

[CrowdWhale]

Funny you should bring this up since I just posted this an hour ago:

https://twitter.com/JasonCatalyst/status/704887840803454976

ETH and XMR aren't in competition. They are two different applications of a basic technology.

[rpietila]

Monero has been rising so much that Crypto Kingdom is experiencing short-term pain with price adjustments.

[Lumada]

Monero has been rising so much that Crypto Kingdom is experiencing short-term pain with price adjustments.

that is a good pain. I expect you to have those pains many many times in the next few decades or more.

[TrueCryptonaire]

Monero has been rising so much that Crypto Kingdom is experiencing short-term pain with price adjustments.

that is a good pain. I expect you to have those pains many many times in the next few decades or more.

Are you sure there is no conflict of an interest? Apparently it is in the best interest of Risto to have cheap xmr..
Now we can speculate on who is the bear whale in the markets.
1. Aminorex
2. Risto
3. Someone else

[macsga]

Monero has been rising so much that Crypto Kingdom is experiencing short-term pain with price adjustments.

that is a good pain. I expect you to have those pains many many times in the next few decades or more.

Are you sure there is no conflict of an interest? Apparently it is in the best interest of Risto to have cheap xmr..
Now we can speculate on who is the bear whale in the markets.
1. Aminorex
2. Risto
3. Someone else

Nonsense. It was me all along the way... 

(j/k)

[Bagatell]

Not me either. I'm just a small "fish" 

[ArticMine]

Monero has been rising so much that Crypto Kingdom is experiencing short-term pain with price adjustments.

Deflation has hit Crypto Kingdom. It could turn into hyper deflation.

[rpietila]

Monero has been rising so much that Crypto Kingdom is experiencing short-term pain with price adjustments.

Deflation has hit Crypto Kingdom. It could turn into hyper deflation.

CKG is still near ATH in fiat terms and up +272% y-o-y.

CON is unchanged.

Land price has suffered but it's harder to track. There is a great glut of land currently, but that's what I am buying. It is cheap, and Building module opens soon.

You were correct that we needed to devalue the consumer items.

Even at the current activity (which is a fraction of % of our target in 2 years) Town can pay the weekly 450 XMR on consols very easily even if XMR goes to 0.01, so you can buy as many as you can get. They will be harder to get in the future as:
1) Town costs are contracted in fiat, rising XMR means less XMR raised
2) Rising CON means less CON issued per XMR raised
=> causing a quadratic reduction on new issues.

[dEBRUYNE]

The 185k support zone was once again tested on high volume. I hope this was our "bearwhale / wallguy" dumping his remains.

[CrowdWhale]

"Actually several of us are trying to hold the price down on $XMR, we need cheap coins for a few more months lol"

https://twitter.com/Joshua_Muller/status/704883977040093184

Annoying as fuck.

[americanpegasus]

In a world that values Ethereum, a presale IPO with tens of millions of more coins potentially hitting the market soon (or the algo switches to POS, i don't even know anymore), at $9 each, Monero is absurd at 80 cents.  
  
We should be at $2 to $3 minimum.

"Actually several of us are trying to hold the price down on $XMR, we need cheap coins for a few more months lol"

https://twitter.com/Joshua_Muller/status/704883977040093184

Annoying as fuck.

I say we show them what it feels like to have 0 XMR by buying every sell wall they put up until they realize the price is leaving 200k and not coming back.  You heard it: this is artificially cheap XMR - what else are you waiting for?

[kurious]

In a world that values Ethereum, a presale IPO with tens of millions of more coins potentially hitting the market soon (or the algo switches to POS, i don't even know anymore), at $9 each, Monero is absurd at 80 cents.  
  
We should be at $2 to $3 minimum.

"Actually several of us are trying to hold the price down on $XMR, we need cheap coins for a few more months lol"

https://twitter.com/Joshua_Muller/status/704883977040093184

Annoying as fuck.

I say we show them what it feels like to have 0 XMR by buying every sell wall they put up until they realize the price is leaving 200k and not coming back.  You heard it: this is artificially cheap XMR - what else are you waiting for?

It was a hell of an endorsement actually - another quote:

"We agree, just diff. strategies/opinions to reach goal. $XMR hugely undervalued but we're trying to downplay it & stay cheap"

Dream on...