Lebubar
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Activity: 1288
Merit: 1000
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April 10, 2016, 12:01:05 AM |
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Now that's not fair. I repeatedly said an honest and fair price for Monero is about $4 to $5 by this fall. I think next year we may see $40. I think by 2020 we will see $2000, and by 2030 we may see $100,000+. That's assuming continued development and adoption. If those conditions are met, these estimates are quite reasonable. Of course you need to remember that I am just a guy with opinions, some of which may be wrong. As well, I always stress that nothing moves up in a straight line - we will have many corrections and rocketships on our way up, many of which will be unpredictable.
This is exactly and certainly the kind of shit you are saying that was referring r0ach. How can you say such bullshit? What is your bid for year 2500 or 3000? Are you some kind of fortune teller who knows better than anyone else what the future brings? You could say AP's predictions are foolish, but calling them "bullshit" makes you no less foolish. We don't know what the price will be tomorrow and he's making prediction at 4 and 14 years, and I'm the stupid? lol
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nioc
Legendary
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Activity: 1624
Merit: 1008
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April 10, 2016, 12:06:52 AM |
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Speculating in a speculation thread? Oh noes how could they
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nioc
Legendary
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Activity: 1624
Merit: 1008
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April 10, 2016, 12:09:58 AM |
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In other news my delayed btc did not arrive on Friday. Those incompetent fools Maybe Monday? This might be the first time a delay will be to my benefit.
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explorer
Legendary
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Activity: 2016
Merit: 1259
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April 10, 2016, 12:16:11 AM |
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In other news my delayed btc did not arrive on Friday. Those incompetent fools Maybe Monday? This might be the first time a delay will be to my benefit. At this rate you can buy it all, with whatever you get next week. The depth chart will be a limp green string tied to a big fat red balloon
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CTTE
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April 10, 2016, 01:07:34 AM |
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So, how low is this gonna go?
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ArticMine
Legendary
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Activity: 2282
Merit: 1050
Monero Core Team
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April 10, 2016, 01:09:14 AM |
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...
We don't know what the price will be tomorrow and he's making prediction at 4 and 14 years, and I'm the stupid? lol
It is in many cases way easier and less risky to invest with a 4 - 14 year time frame than to speculate with a 24 hour time frame. Many of Warren Buffett's ideas about stocks can also be applied to crypto currencies. Here are his 9 rules http://www.fool.com/investing/general/2015/12/05/9-rules-that-helped-warren-buffett-produce-a-18261.aspx Take for example (rule 1) the 50 year rule and apply it to both Monero and Bitcoin. Consider how much technology has changed in the last 50 years and then consider which one of Monero or Bitcoin is better placed to adapt to the technological changes for the next 50 years.
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owm123
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April 10, 2016, 01:19:03 AM |
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So, how low is this gonna go?
Everything is getting hammered now. My guess is that some whales are cashing out to get btc in preparation for btc halving. Rather everyone expects btc price to go at this time, so ppl are trying to stuck up some btc before that.
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lolikop
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April 10, 2016, 01:23:32 AM |
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So, how low is this gonna go?
till u see a big green dildo poping out
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vuduchyld
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April 10, 2016, 01:49:22 AM |
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Yeah, I know it's just Coindesk and they suck, but I'm surprised that I haven't seen this article shared: http://www.coindesk.com/the-rise-of-the-cypherpunks/Monero gets a very minor mention. Personally, I loved this quote: "Privacy is necessary for an open society in the electronic age. Privacy is not secrecy. A private matter is something one doesn’t want the whole world to know, but a secret matter is something one doesn’t want anybody to know. Privacy is the power to selectively reveal oneself to the world."
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vuduchyld
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April 10, 2016, 01:53:02 AM |
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By the way...you sissies think this was a crash?
We're right back where we were 30 days ago. Go over to BitcoinWisdom and look at the 30 day column for all alts. We're freaking awesome.
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wpalczynski
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Activity: 1456
Merit: 1000
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April 10, 2016, 02:39:34 AM |
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So, how low is this gonna go?
I'd be interested to read some predictions too.
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maydna
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April 10, 2016, 03:09:26 AM |
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for this conditions, i am selling half of mine, i can't hold any longer
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coinsplz777
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Activity: 58
Merit: 10
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April 10, 2016, 03:14:22 AM |
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So, how low is this gonna go?
I'd be interested to read some predictions too. How about to the previous low of ~230k?
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rangedriver
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April 10, 2016, 03:15:01 AM Last edit: April 10, 2016, 03:31:01 AM by rangedriver |
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So, how low is this gonna go?
I'd be interested to read some predictions too. BTC/USD is the wildcard.... almost impossible to predict. There's also a lot of fucking bullshit in this thread right now. Realistically the BTC/USD triangle should break within the next 5-7 days... that aside, the BTC halving is surely going to have an effect on alt market confidence on the interim regardless. In the meantime, watch for the 50% retracement at around 0.0025. If that holds, then it should be a useful floor. If it breaks, all bets are off. It's worth also mentioning that the latency period between a BTC spike and an altcoin spike is likely to be significantly shorter this time around. If BTC/USD spikes and XMR/USD remains constant (or falls) then certainly XMR/BTC will fall somewhat, but it should be expected that as soon as BTC/USD reaches its first peak then you'll immediately start to see profits flowing back into alts again, of which ETH and XMR will be the prime beneficiaries. Such episodic charities will surely only increase with every subsequent BTC/USD peak. Then of course, there is the GUI, RingCT, Trezor support... all of which will act as counterpoint to any BTC increase. So in conclusion: Keep an eye on the fib levels, keep an eye on BTC and BTC/USD, and keep an eye on Monero fundamentals. Good luck!
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explorer
Legendary
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Activity: 2016
Merit: 1259
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April 10, 2016, 03:56:53 AM |
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So, how low is this gonna go?
I'd be interested to read some predictions too. I can make this the bottom. I will dump everything I have on polo (you probably won't notice) and that will cause an abrupt increase in price, never to revisit. Are y'all ready for this?!
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Hueristic
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Activity: 3920
Merit: 5258
Doomed to see the future and unable to prevent it
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April 10, 2016, 03:59:55 AM |
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So, how low is this gonna go?
I'd be interested to read some predictions too. I can make this the bottom. I will dump everything I have on polo (you probably won't notice) and that will cause an abrupt increase in price, never to revisit. Are y'all ready for this?! Lol, I hear ya!
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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pandher
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Activity: 952
Merit: 1000
Stagnation is Death
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April 10, 2016, 04:13:33 AM |
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Like these - 3. Take advantage when the market misprices good companies. - Monero is mispriced 5. Buy stocks you would want to hold if the market were to close for 10 years. One of the worst habits a long-term investor can develop is obsessing over the daily moves in stock prices. Not only do daily price swings not matter much over long periods of time, but monitoring your stocks too closely encourages rash decisions such as panic-selling at a loss when the market is falling. - Hard to remain disciplined but never doubt yourself and your decisions when going long
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cAPSLOCK
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Activity: 3766
Merit: 5146
Whimsical Pants
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April 10, 2016, 04:33:46 AM |
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My version of a reality check:
TA on Monero: Yes. It has meaning, but Monero is thinly traded on a single exchange primarily, and it has a fairly small liquid available float and it is tightly held by zealots while some traders duke it out with what's left over to shoot back and forth at each other.
Monero is an alt coin: Alts are just simply negative EV propositions. Period. Take a look at historical charts for all alt coins. The all look like triple black diamond ski slopes. There are obvious reasons for this. Most alts are scams. All alts are competing with papa bitcoin for value.
Alts are all suffering badly right now. Look at polo. Its a effing bloodbath.
Moneros dirty little secret is botnet miners. There are some good arguments to be made for botnets. But there are some unfortunate realities too. One is it is highly profitable for bot shepherds to mine mine mine dump rinse and repeat. Some may like making videos of the dumps with music soundtracks and digs at rich Finns.
All the talk about manipulation etc... Meh. Sure there is some, but the conspiracy theories floating around sound pretty silly to me.
Monero goes up. Monero goes down. Without a fairly lucky black swan type event 'down' is gonna dominate.
I personally think it's worth the risk. I think it is one of the only cryptocurrencies which has a good shot.
cAPS out...
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Hueristic
Legendary
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Activity: 3920
Merit: 5258
Doomed to see the future and unable to prevent it
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April 10, 2016, 04:53:30 AM |
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My version of a reality check:
TA on Monero: Yes. It has meaning, but Monero is thinly traded on a single exchange primarily, and it has a fairly small liquid available float and it is tightly held by zealots while some traders duke it out with what's left over to shoot back and forth at each other.
Monero is an alt coin: Alts are just simply negative EV propositions. Period. Take a look at historical charts for all alt coins. The all look like triple black diamond ski slopes. There are obvious reasons for this. Most alts are scams. All alts are competing with papa bitcoin for value.
Alts are all suffering badly right now. Look at polo. Its a effing bloodbath.
Moneros dirty little secret is botnet miners. There are some good arguments to be made for botnets. But there are some unfortunate realities too. One is it is highly profitable for bot shepherds to mine mine mine dump rinse and repeat. Some may like making videos of the dumps with music soundtracks and digs at rich Finns.
All the talk about manipulation etc... Meh. Sure there is some, but the conspiracy theories floating around sound pretty silly to me.
Monero goes up. Monero goes down. Without a fairly lucky black swan type event 'down' is gonna dominate.
I personally think it's worth the risk. I think it is one of the only cryptocurrencies which has a good shot.
cAPS out...
That is no secret and it's never been denied.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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TrueCryptonaire
Legendary
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Activity: 1092
Merit: 1000
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April 10, 2016, 04:54:40 AM |
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My version of a reality check:
TA on Monero: Yes. It has meaning, but Monero is thinly traded on a single exchange primarily, and it has a fairly small liquid available float and it is tightly held by zealots while some traders duke it out with what's left over to shoot back and forth at each other.
Monero is an alt coin: Alts are just simply negative EV propositions. Period. Take a look at historical charts for all alt coins. The all look like triple black diamond ski slopes. There are obvious reasons for this. Most alts are scams. All alts are competing with papa bitcoin for value.
Alts are all suffering badly right now. Look at polo. Its a effing bloodbath.
Moneros dirty little secret is botnet miners. There are some good arguments to be made for botnets. But there are some unfortunate realities too. One is it is highly profitable for bot shepherds to mine mine mine dump rinse and repeat. Some may like making videos of the dumps with music soundtracks and digs at rich Finns.
All the talk about manipulation etc... Meh. Sure there is some, but the conspiracy theories floating around sound pretty silly to me.
Monero goes up. Monero goes down. Without a fairly lucky black swan type event 'down' is gonna dominate.
I personally think it's worth the risk. I think it is one of the only cryptocurrencies which has a good shot.
cAPS out...
I tend to agree with this post mainly. However as regards of botnet miners, what is exactly the bad thing about it (besides it makes it harder to mine for average Joe who has all the sympathies of us?). If I am not mistaken, botnets actually benefits the coin as the mining is more diversified as opposed to bitcoin that are mined in a large scale at "mining factories" in Iceland or China. The charts look bearish, and I am looking at 0.001 btc price to be the price I will buy more. If we do not get there ever again, then great. If we get there, I will be a buyer. On the other hand, I am also a buyer on the way up (but obviously much smaller scale). My current holdings are so small that I did not even bother to sell and dump on you guys so I guess I am sinking with you all the way to the bottom (whatever it will be). Some resistance is at 0.002-0.0025 levels but if there will be no bullish leg with major buying, we are definetely going down from there at some point. Usually it takes a few months for the price to consolidate and stabilize to 0.001.
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