[XMR] Monero Speculation

[rpietila]

Please vote in my poll on which crypto projects are scams:

https://bitcointalk.org/index.php?topic=1393703.0

LOL. (voted )

[Ubertroco]

Please vote in my poll on which crypto projects are scams:

https://bitcointalk.org/index.php?topic=1393703.0

Nice! Voted! Hope more people will vote

[nickenburg]

For first time in history, the european central bank has put a 0.0% of interest for the money.

I guess it mean that the printing machine is going full throttle = crypto going up, no?

Yes, I am trying to get as much fiat as possible in to Bitcoins and in to other altcoins.
Recently also Monero and you guys really inspired me to also invest more in to this!

But I downloaded the lite wallet yesterday and I didn't get it to work.
And i don't want to store it on a Paper wallet yet.
So I am going to download the normal wallet, and install that, but is the blockchain big?

[dEBRUYNE]

For first time in history, the european central bank has put a 0.0% of interest for the money.

I guess it mean that the printing machine is going full throttle = crypto going up, no?

Yes, I am trying to get as much fiat as possible in to Bitcoins and in to other altcoins.
Recently also Monero and you guys really inspired me to also invest more in to this!

But I downloaded the lite wallet yesterday and I didn't get it to work.
And i don't want to store it on a Paper wallet yet.
So I am going to download the normal wallet, and install that, but is the blockchain big?

The raw blockchain is around 2-3 GB. On disk it will probably take around 10 GB.

[bitebits]

I think Americanpegasus is playing with investors emotions, looking at he's history he keeps saying Monero now is like BTC in 2011, the thing is every other coin here can say the same thing. I'd rather see Monero work more into their development rather than emotional speeches.

"every other coin here can say the same thing"  is playing with investors emotions.  Let's break it down, in points of increasing importance, starting with the factitious and culminating in the devastating:

[...]

Brilliant post aminorex, thanks for the write-up.
@Days, just check the other thread for non price related discussions:

[XMR] Monero - A secure, private, untraceable cryptocurrency

[Melbustus]

I was satirical. My honest opinion is that bitcoin is not dying, that it won't be replaced, and if it did happen it would be a disaster for the cryptocurrency space. All coins would suffer tremendously if it takes that little for the next coin to come along and replace current. A lot of faith would be lost.

Monero is what I look at as a complementary currency.

Agree. I think what a lot of alt-coin folks fail to appreciate is the potential disaster to the entire ecosystem if Bitcoin falls from dominance - it puts the validity of the crypto-scarcity idea itself into play for the first time.

This is also why I think Bitcoin's blocksize-limit absurdity is so dangerous. By potentially becoming high-fee on-chain, Bitcoin is handing a whole bucket of Bitcoin's key transactional (ie, use-as-money) use-cases to alts for the first time. Demand for cheap high-security tx will be met one way or another...

That demand can easily be met by Bitcoin if various parts of the community would get their heads out of their asses. And if not met by Bitcoin, that demand will clearly be met by something else. That something else will obviously gain a good deal of value, both from the transactional flow itself, and some speculation layered on top of that. But if it seriously looks like bitcoin could fall, the long-term crypto store-of-value thesis can easily be said to have serious flaws, and that'll strip away the store-of-value speculative premium from the *entire* crypto space. And since wealth storage and gold-like use-cases are *by far* crypto's biggest potential in terms of driving market-cap, it could be a huge shock if that speculative premium disappears from the space. I think this is what many people wishing for their alt-of-choice to overtake Bitcoin fail to fully understand.


FWIW, I also agree that Monero can be a nice complement to Bitcoin, should Bitcoin remain #1.

[rpietila]

VHS.

[aminorex]

I read that as making the point that the success of VHS (lower-cost, non-proprietary) relative to BetaMax did not undermine the VCR market, or confidence in the ability of videotape to record your child's first stage performance.  No more should a Bitcoin fee market undermine confidence in the utility of XMR for its purpose, although it may well drive cost-sensitive traffic from BTC to XMR (maximalist complaints notwithstanding).

[dnaleor]

I was satirical. My honest opinion is that bitcoin is not dying, that it won't be replaced, and if it did happen it would be a disaster for the cryptocurrency space. All coins would suffer tremendously if it takes that little for the next coin to come along and replace current. A lot of faith would be lost.

Monero is what I look at as a complementary currency.

Agree. I think what a lot of alt-coin folks fail to appreciate is the potential disaster to the entire ecosystem if Bitcoin falls from dominance - it puts the validity of the crypto-scarcity idea itself into play for the first time.

This is also why I think Bitcoin's blocksize-limit absurdity is so dangerous. By potentially becoming high-fee on-chain, Bitcoin is handing a whole bucket of Bitcoin's key transactional (ie, use-as-money) use-cases to alts for the first time. Demand for cheap high-security tx will be met one way or another...

That demand can easily be met by Bitcoin if various parts of the community would get their heads out of their asses. And if not met by Bitcoin, that demand will clearly be met by something else. That something else will obviously gain a good deal of value, both from the transactional flow itself, and some speculation layered on top of that. But if it seriously looks like bitcoin could fall, the long-term crypto store-of-value thesis can easily be said to have serious flaws, and that'll strip away the store-of-value speculative premium from the *entire* crypto space. And since wealth storage and gold-like use-cases are *by far* crypto's biggest potential in terms of driving market-cap, it could be a huge shock if that speculative premium disappears from the space. I think this is what many people wishing for their alt-of-choice to overtake Bitcoin fail to fully understand.


FWIW, I also agree that Monero can be a nice complement to Bitcoin, should Bitcoin remain #1.

maybe, maybe not:

Did people not create social accounts anymore after myspace died?
After all, it's an effort/investment to keep your profile up to date...

Maybe not the best comparison, but I don't think a dethroning of BTC would be bad in the long run.

[dEBRUYNE]

I was satirical. My honest opinion is that bitcoin is not dying, that it won't be replaced, and if it did happen it would be a disaster for the cryptocurrency space. All coins would suffer tremendously if it takes that little for the next coin to come along and replace current. A lot of faith would be lost.

Monero is what I look at as a complementary currency.

Agree. I think what a lot of alt-coin folks fail to appreciate is the potential disaster to the entire ecosystem if Bitcoin falls from dominance - it puts the validity of the crypto-scarcity idea itself into play for the first time.

This is also why I think Bitcoin's blocksize-limit absurdity is so dangerous. By potentially becoming high-fee on-chain, Bitcoin is handing a whole bucket of Bitcoin's key transactional (ie, use-as-money) use-cases to alts for the first time. Demand for cheap high-security tx will be met one way or another...

That demand can easily be met by Bitcoin if various parts of the community would get their heads out of their asses. And if not met by Bitcoin, that demand will clearly be met by something else. That something else will obviously gain a good deal of value, both from the transactional flow itself, and some speculation layered on top of that. But if it seriously looks like bitcoin could fall, the long-term crypto store-of-value thesis can easily be said to have serious flaws, and that'll strip away the store-of-value speculative premium from the *entire* crypto space. And since wealth storage and gold-like use-cases are *by far* crypto's biggest potential in terms of driving market-cap, it could be a huge shock if that speculative premium disappears from the space. I think this is what many people wishing for their alt-of-choice to overtake Bitcoin fail to fully understand.


FWIW, I also agree that Monero can be a nice complement to Bitcoin, should Bitcoin remain #1.

maybe, maybe not:

Did people not create social accounts anymore after myspace died?
After all, it's an effort/investment to keep your profile up to date...

Maybe not the best comparison, but I don't think a dethroning of BTC would be bad in the long run.

Lately I am inclined to think it depends on the reason BTC gets dethroned (if ever). If it's stagnation caused by a certain group whom easily can be pointed out (i.e. it is obvious which group is responsible for the stagnation), it might not even have that big of a deterimental effect on the whole cryptocurrency atmosphere. However, if BTC gets dethroned for another reason (e.g. it is going full-steam ahead, but overtaken due to possibly inferior tech) than I agree with your statement.

[Hueristic]

Hey guys, did anyone actually not read the entirety of this poll and vote for monero?

https://bitcointalk.org/index.php?topic=1391752.0

[Dotto]

Triangle closing in less than 24h. Which direction? Violins?

I say with the violins of the apocalypse and inclined to the downside... but I would love upperside

[dEBRUYNE]

Hey guys, did anyone actually not read the entirety of this poll and vote for monero?

https://bitcointalk.org/index.php?topic=1391752.0

That OP suddenly changed the poll title...

[bitebits]

Triangle closing in less than 24h. Which direction? Violins?

I say with the violins of the apocalypse and inclined to the downside... but I would love upperside

Low volume price decline based on a few dumps / people taking profit after the recent rise. Not impressed, but indeed it looks like it could go down further before more resistance is met.

[Hueristic]

Hey guys, did anyone actually not read the entirety of this poll and vote for monero?

https://bitcointalk.org/index.php?topic=1391752.0

That OP suddenly changed the poll title...

Needs to be deleted then.

[hitchingAride]

Yes Bitcoin is not dying and if it did this wouldn't be very good. I think the real competition is for the #2 spot.

You can see currently we are in the 10th spot which from my memory shows we have been bumped up a few spots fairly recently since I remember we used to be like 17. but still have a long way to go, and makes me wonder why coins like made safe, dodge, dash and the #2 eth are all currently far ahead in market cap.

[TrueCryptonaire]

Triangle looks slightly bearish indeed but who cares. Anyway the price movements seems to be pretty sticky. Also Monero likes  to rise on weekends. Monero simply hates being this cheap because the low price might trick some people thinking thks is crab and ignoring the good features of this Princess.

[rpietila]

Is it a sure sign of becoming insane when you start to enjoy the TrueCryptonaire postings? 

[rangedriver]

Enjoying them is one thing. Taking advice from them is quite another.

[rdnkjdi]

Someone borrowed 1300 quite a while back @ .1 and they've racked up 16XMR