[XMR] Monero Speculation

[americanpegasus]

You guys.... hedge funds?  Really?  
  
Is that who you want to have a large share of the future private ledger of our civilization?  Sure, I'll pitch to them down the road.  But I would much rather the humble nerds and little people have a taste first.  
  
If a hedge fund gets richer, no one gives a shit.  Good for them.  But if a few altruistic smart cookies find the right cryptocurrency amid a sea of hundreds?  That's good stuff.  
  
Monero may go a lot higher than this - let's not let 'getting rich' cloud our vision of what this project represents: private digital money for all of Earth.

[inca]

With finex now offering eth from monday it seems that this would be a good time to pump monero up to new highs and widen the story to an alt-coin bubble..

[TrueCryptonaire]

If everyone is against bringing Monero to big institutions, then fine - we shall not do it. For me it is ok.. Anyway Monero doesn't represent that big part of my portfolio so I do not care too much to fight for that.   I have other assets also that make me money. Monero is not a coin that has made me money but still I am using probably too much of my time here, better to do something more productive than fight wether Monero will be a coin used only by 1000 geeks or a coin that gets big and will be used basically by everyone on planet earth in form or another.

[owm123]

With finex now offering eth from monday it seems that this would be a good time to pump monero up to new highs and widen the story to an alt-coin bubble..

why would news about eth and bitfinex affect monero?

[rpietila]

http://moneroinvestment.com/

Helps you in pitching.

[dEBRUYNE]

Guys cmon... Let's be real with this hedge fund bullshit. We're going to do more harm than help if we were to pitch monero to a hedge fund right now. Unless that hedge fund manager is computer literative, he/she is going to have to store their stash on mymoner.com and let's be honest, that's not how you want to pitch an idea to a hedge fund. Pet focus on the now before we get ahead of ourselves here.

I agree this should be on the todo list after gui release. Is there anyone actively keeping one? I noticed when I asked who will be handling marketing there was nothing but silence. Is that because MEW has been dissolved and is a bit of a "touchy subject" now?


BTW I have been trying to find a country where an exchange can be hosted that does not cow to fincen but have not as of yet found a list. I had thought The Isle of Mann was one but apparently not after reading this. Boring ass read, skip all the agreed upon terms.

https://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Isle-of-Man-12-13-2013.pdf

There is no one really "appointed" to handle the marketing currently. There is a trello board for Monero community contributions currently though:

https://trello.com/b/5R2ly4mV/monero-community-contributions

Alternatively, when we really want to market Monero we could create some kind of slack channel and invite the ones who are interested (and capable) to do so.

[hyc]

BTW I have been trying to find a country where an exchange can be hosted that does not cow to fincen but have not as of yet found a list. I had thought The Isle of Mann was one but apparently not after reading this. Boring ass read, skip all the agreed upon terms.

https://www.treasury.gov/resource-center/tax-policy/treaties/Documents/FATCA-Agreement-Isle-of-Man-12-13-2013.pdf

Basically no such country exists, not any more. Singapore and Hong Kong were the last holdouts I knew of and they're towing the line now too.
Andorra, Monaco, wherever.

[dEBRUYNE]

Experimental Trezor Firmware Testing - Firmware Updated (V0311)

• Added reconnect handler when trezor is unplugged while simplewallet is active
• Added tx_seckey storage support to firmware
• Added support for 'address' simplewallet command
• Fixed support for entering passwords when trezor is initialized/recovered with password protection enabled

https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing

Please, if possible, help with testing!

[nioc]

With finex now offering eth from monday it seems that this would be a good time to pump monero up to new highs and widen the story to an alt-coin bubble..

Please do

I placed my bids before bed based on the anticipation of some dumps due to ETH madness that would cause the removal of the 250 buy wall.  My highest bid was nibbled netting me 1.xxxxxxxx XMR 

Price is now above freezing which makes me feel like a donkey between to equally spaced piles of hay.

[macsga]

Time to ride over 300k again?

[TrueCryptonaire]

Time to ride over 300k again?

Soonero. 

[bitjedi]

Where are you trading at and with what app? I'm using Poloniex for buying my Monero, but the UI is soooo slow and nearly broken on my android.

 Polo crashes my phone, and my mediocre laptop barely functions.  Crazy resource hog.  Since I don't trade much, I can put up with it to buy my moneroj.  It sure would be nice to have a 'light' version with fewer features though.

I also don't trade much and would not attempt it at Polo on my new android phone.  I find it almost impossible to scroll through the order book.  I did cancel an order once.

To check the price I use bitcoinwisdom, no lag at all.  One stop shopping

There is a great free Android app, zTrader:
https://play.google.com/store/apps/details?id=co.bandicoot.ztrader

You can add Polo API keys there and trade Monero or anything else. It works flawlessly.

I hope they can add Polo margin trading like they do for Bitfinex on Ztrader.  With the market volatility the past couple months I couldn't live without this android app.

[saddambitcoin]

Seems funny to think that hedge funds, VCs and the like are not aware of / interested / researching / buying Monero. Of course they are. Would they come here and announce it?

[TrueCryptonaire]

Big money needs people who have large positions in Monero because they probably wish to use OTC because of slippage.. Currently Monero is probably too small for a hedge fund but perhaps for VC money this size of market cap could be good to go size (like investors who invest only 1-2 million dollars and a couple of them entering - bitcoin got quite early Vinklevoss twins investment which helped on their share Monero to grow a little bit).

[DoomLogic]

Anyone have an analysis on the XMR drop (on polo) in the last few days? It's been climbing back up over the past month or so (in particular), but it's dropped a steady 25k under 300k sats and remained there for some time now. It was peaking at 300k-320k at points last week.

[TrueCryptonaire]

Anyone have an analysis on the XMR drop (on polo) in the last few days? It's been climbing back up over the past month or so (in particular), but it's dropped a steady 25k under 300k sats and remained there for some time now. It was peaking at 300k-320k at points last week.

People were mistakenly expecting me to get bearish and therefore selling because historically when I have been bearish it has been a good time to exit or shake a few coins out.

[dEBRUYNE]

Anyone have an analysis on the XMR drop (on polo) in the last few days? It's been climbing back up over the past month or so (in particular), but it's dropped a steady 25k under 300k sats and remained there for some time now. It was peaking at 300k-320k at points last week.

It's retracing/consolidating from the 348k top after that last leg up. Price is simply bouncing between resistance and support levels. The previous tops (233k and 246k, which previously were resistance levels) are currently acting as support zone. Furthermore, the declining volume on the retrace/consolidation is indicating that sellers are getting exhausted. Asks near market (although presumably most are fake) are still pretty high though, so it could very well be that we'll consolidate some more for some time. See:

[DoomLogic]

It's retracing/consolidating from the 348k top after that last leg up. Price is simply bouncing between resistance and support levels. The previous tops (233k and 246k, which previously were resistance levels) are currently acting as support zone. Furthermore, the declining volume on the retrace/consolidation is indicating that sellers are getting exhausted. Asks near market (although presumably most are fake) are still pretty high though, so it could very well be that we'll consolidate some more for some time. See:

Yeah, good point. Plus, the GUI isn't out yet, so the price will most likely go up in the long-term, from what I'm thinking.

[aminorex]

Guys cmon... Let's be real with this hedge fund bullshit. We're going to do more harm than help if we were to pitch monero to a hedge fund right now. Unless that hedge fund manager is computer literative, he/she is going to have to store their stash on mymoner.com and let's be honest, that's not how you want to pitch an idea to a hedge fund. Pet focus on the now before we get ahead of ourselves here.

The FXD people to whom I have provided XMR have taken it as a paper wallet.  It's like any other derivative contract to them.

[dEBRUYNE]

Guys cmon... Let's be real with this hedge fund bullshit. We're going to do more harm than help if we were to pitch monero to a hedge fund right now. Unless that hedge fund manager is computer literative, he/she is going to have to store their stash on mymoner.com and let's be honest, that's not how you want to pitch an idea to a hedge fund. Pet focus on the now before we get ahead of ourselves here.

The FXD people to whom I have provided XMR have taken it as a paper wallet.  It's like any other derivative contract to them.

FWIW: They/you might benefit from this guide:

https://www.reddit.com/r/Monero/comments/48cgmd/an_extensive_guide_for_securely_generating_an/