[XMR] Monero Speculation

[nioc]

I've been paralyzed over the last week or more due to the lack of a USD/XMR pair.

Honestly, I don't want to buy XBT at $415 just to use it to buy XMR.  It's stupid, I know, but I've been waiting for a dip to $390 or so to buy XBT, just so I can move it over to Polo to buy XMR. 

What the hell is wrong with me?  Shouldn't I just look at XBT as the medium through which I'd be buying XMR at $1.17?  My $1000 still would buy me 855 XMR.  I guess I have this notion of waiting to buy XBT at 390, then picking up XMR at .0027, thereby paying $1.05 per XMR.  But that may not happen, right?  RIGHT? 

I mean, it doesn't REALLY matter if XBT goes up or down, I think, when considering this. 

Somebody help me overcome my paralysis with some analysis.  Please.  My XMR holdings are also once again above-water, which is a mental change, as anytime I'd added in the last year, I was lowering my average.  Now I'd be raising it. 

If you live in a location serviced by AltQuick you can purchase Monero directly with fiat.  Their rates and liquidity vary but it'seems possible to get something decent.

It seems you want to buy so may I suggest that you buy using whatever method is convenient.

May I also suggest that not being able to average down is a better place to be in now than being able to average down

[explorer]

I'm thinking maybe a maximum of 7 more days sideways/down with a low between .0024 and .0020 and then another explosive wave up.

I think there are a lot of people here who would love to buy more XMR at prices between .0024 and .0020

There is a decent chance we may not go that low ever again.

There is some serious competition for anything below .0025

 I'm going to take my own advice, and stagger some bids down to that level, see what develops.

[dEBRUYNE]

I'm thinking maybe a maximum of 7 more days sideways/down with a low between .0024 and .0020 and then another explosive wave up.

I think there are a lot of people here who would love to buy more XMR at prices between .0024 and .0020

There is a decent chance we may not go that low ever again.

There is some serious competition for anything below .0025

 I'm going to take my own advice, and stagger some bids down to that level, see what develops.

Yeah the zone a bit below that is a strong support zone, see:



(screen is from a few days ago)

[dEBRUYNE]

So will the new GUI wallet have a feature that generates a payment ID and also will you be able to generate view keys?

I think it won't be that difficult to "visualize" the commands from simplewallet.

[dEBRUYNE]

I've been paralyzed over the last week or more due to the lack of a USD/XMR pair.

Honestly, I don't want to buy XBT at $415 just to use it to buy XMR.  It's stupid, I know, but I've been waiting for a dip to $390 or so to buy XBT, just so I can move it over to Polo to buy XMR. 

What the hell is wrong with me?  Shouldn't I just look at XBT as the medium through which I'd be buying XMR at $1.17?  My $1000 still would buy me 855 XMR.  I guess I have this notion of waiting to buy XBT at 390, then picking up XMR at .0027, thereby paying $1.05 per XMR.  But that may not happen, right?  RIGHT? 

I mean, it doesn't REALLY matter if XBT goes up or down, I think, when considering this. 

Somebody help me overcome my paralysis with some analysis.  Please.  My XMR holdings are also once again above-water, which is a mental change, as anytime I'd added in the last year, I was lowering my average.  Now I'd be raising it. 

If you merely want to buy XMR I wouldn't pay attention at all to the XBT price. The one thing I would look out for is the conversion fees (i.e. USD => XBT => XMR). The least fees will likely be incurred using Coinbase/Circle first and subsequently Poloniex.

[CryptoAddict]

20k marketbuy.

[vuduchyld]

I've been paralyzed over the last week or more due to the lack of a USD/XMR pair.

Honestly, I don't want to buy XBT at $415 just to use it to buy XMR.  It's stupid, I know, but I've been waiting for a dip to $390 or so to buy XBT, just so I can move it over to Polo to buy XMR. 

What the hell is wrong with me?  Shouldn't I just look at XBT as the medium through which I'd be buying XMR at $1.17?  My $1000 still would buy me 855 XMR.  I guess I have this notion of waiting to buy XBT at 390, then picking up XMR at .0027, thereby paying $1.05 per XMR.  But that may not happen, right?  RIGHT? 

I mean, it doesn't REALLY matter if XBT goes up or down, I think, when considering this. 

Somebody help me overcome my paralysis with some analysis.  Please.  My XMR holdings are also once again above-water, which is a mental change, as anytime I'd added in the last year, I was lowering my average.  Now I'd be raising it. 

There is a flaw in your reasoning. If the dollar price of XBT goes down, and the dollar price of XMR remains the same, the XBT price of XMR goes up.
So whatever dollar price of XBT, it won't get you more XMR.

Yeah, I know...it's not logical at all.  I think what I WANT is for XBT to hit $385 so I can think that's a good buy.  THEN I buy XMR with XBT that I bought at a decent price. 

I un-paralyzed and bought 1 XBT worth (I think it was 361 XMR) to add to the stash.  Might nibble at some more soon-ish.  I just had to DO it.

[bitjedi]

I'm thinking maybe a maximum of 7 more days sideways/down with a low between .0024 and .0020 and then another explosive wave up.

I think there are a lot of people here who would love to buy more XMR at prices between .0024 and .0020

There is a decent chance we may not go that low ever again.

There is some serious competition for anything below .0025

 I'm going to take my own advice, and stagger some bids down to that level, see what develops.

Yeah the zone a bit below that is a strong support zone, see:



(screen is from a few days ago)

Seems, like XMR is on the 3rd or 4th leg of a bull trend started in Jan. 

[americanpegasus]

bitjedi, as i posted a few pages back - should we actually go to something like .035 BTC (like ETH has done), these movements will barely be visible on the chart.  They will be a pebble on the road.  And I think we will eventually go to that level and higher.  

[bitjedi]

bitjedi, as i posted a few pages back - should we actually go to something like .035 BTC (like ETH has done), these movements will barely be visible on the chart.  They will be a pebble on the road.  And I think we will eventually go to that level and higher.  

Yes... baby steps.  I actually don't want the market to go too high too fast.  The volatility kills adoption.  But, on the flip side.  If XMR is worth more, maybe the community can pay the devs and fund more projects too.

I just dipped my toes into XMR, and hold mostly XBT after selling my ETH in this rally.

[dEBRUYNE]

bitjedi, as i posted a few pages back - should we actually go to something like .035 BTC (like ETH has done), these movements will barely be visible on the chart.  They will be a pebble on the road.  And I think we will eventually go to that level and higher.  

Yes... baby steps.  I actually don't want the market to go too high too fast.  The volatility kills adoption.  But, on the flip side.  If XMR is worth more, maybe the community can pay the devs and fund more projects too.

I just dipped my toes into XMR, and hold mostly XBT after selling my ETH in this rally.

Depends on how that "worth more" is achieved. If it is mostly gradual it is a good thing. However, in ETH's case (which grew way to fast imo) the bubble will likely pop soon and there will be a boatload of new bagholders which results in a toxic community. Same happened at BTC after the 2013 bubble.

[bitjedi]

bitjedi, as i posted a few pages back - should we actually go to something like .035 BTC (like ETH has done), these movements will barely be visible on the chart.  They will be a pebble on the road.  And I think we will eventually go to that level and higher.  

Yes... baby steps.  I actually don't want the market to go too high too fast.  The volatility kills adoption.  But, on the flip side.  If XMR is worth more, maybe the community can pay the devs and fund more projects too.

I just dipped my toes into XMR, and hold mostly XBT after selling my ETH in this rally.

Depends on how that "worth more" is achieved. If it is mostly gradual it is a good thing. However, in ETH's case (which grew way to fast imo) the bubble will likely pop soon and there will be a boatload of new bagholders which results in a toxic community. Same happened at BTC after the 2013 bubble.

Well, I actually bought my XMR with my ETH profits... so maybe we'll see more people doing the same.  Up until a few months ago, it was one of the most stable and liquid alts out there so it was always on my radar as a storage of value coin.

[dEBRUYNE]

bitjedi, as i posted a few pages back - should we actually go to something like .035 BTC (like ETH has done), these movements will barely be visible on the chart.  They will be a pebble on the road.  And I think we will eventually go to that level and higher.  

On a log scale they will probably still be fairly visible.

[Its About Sharing]

20k marketbuy.

54 or so BTC or roughly 22k USD. Not exactly chump change, though it depends in a way on a few factors.
Certainly there is interest here. I think XMR is looking like a solid alt in many early adopters minds. When the GUI is out I think more will step on board and then
we will have a more reasonable valuation.

[bitebits]

Certainly there is interest here. I think XMR is looking like a solid alt in many early adopters minds. When the GUI is out I think more will step on board and then we will have a more reasonable valuation.

The GUI could greatly serve traders (especially the Alt-agnostic ones) in at least easily and temporarily getting their XMR safely of the exchanges. That is I think one clear example of where the GUI really adds value to the adoption and usage of Monero.

[hitchingAride]

We have been stabilizing around like 170-185k I would say once the bollinger bands get tight which will happen in the next week or so. One of two things is going to happen we will break upwards (probably like 50% based on previous breakouts) or we are going to see a trend reversal. Personally I think we will see the 50% increase because the long term trend is established and it is more likely for a trend to continue rather than reverse.

[dEBRUYNE]

Certainly there is interest here. I think XMR is looking like a solid alt in many early adopters minds. When the GUI is out I think more will step on board and then we will have a more reasonable valuation.

The GUI could greatly serve traders (especially the Alt-agnostic ones) in at least easily and temporarily getting their XMR safely of the exchanges. That is I think one clear example of where the GUI really adds value to the adoption and usage of Monero.

On top of that it provides storage for the ones who aren't comfortable with a CLI wallet. 

[Its About Sharing]

Certainly there is interest here. I think XMR is looking like a solid alt in many early adopters minds. When the GUI is out I think more will step on board and then we will have a more reasonable valuation.

The GUI could greatly serve traders (especially the Alt-agnostic ones) in at least easily and temporarily getting their XMR safely of the exchanges. That is I think one clear example of where the GUI really adds value to the adoption and usage of Monero.

On top of that it provides storage for the ones who aren't comfortable with a CLI wallet. 

For sure it does and I can say that from firsthand experience. It was EXTREMELY difficult to install on a Mac and I couldn't get it working properly. Been there, done that.
I will wait for a .dmg GUI.

[bitjedi]

I'm also waiting for a GUI before moving coins off exchange.  If there's a gui integration with trezorwallet that would be even better.

[aminorex]

I'm also waiting for a GUI before moving coins off exchange.  If there's a gui integration with trezorwallet that would be even better.

Just do a paperwallet.  Easy and secure, available now.