[XMR] Monero Speculation

[TrueCryptonaire]

I blame Vitalik.

That stunt shook what little confidence there was in the alts.  Along with the BTC rise, XMR is swimming in an infested pond right now.

In the long run, XMR will be able to differentiate and overcome, but there may be more short term price ugliness. 

Yes but before XMR can differentiate I want to buy some at 0.001. 

[elrippo]

I blame Vitalik.

That stunt shook what little confidence there was in the alts.  Along with the BTC rise, XMR is swimming in an infested pond right now.

In the long run, XMR will be able to differentiate and overcome, but there may be more short term price ugliness. 

Yes but before XMR can differentiate I want to buy some at 0.001. 

I believe your dreams will become true faster as you think....

[ArticMine]

I blame Vitalik.

That stunt shook what little confidence there was in the alts.  Along with the BTC rise, XMR is swimming in an infested pond right now.

In the long run, XMR will be able to differentiate and overcome, but there may be more short term price ugliness. 

I praise your words, but everybody is taking out their BTC right now and waiting for BTC to gain in price. I would not be suprised to see Monero near the 0,0010 in two weeks from now 

The older coins, Litecoin, Dogecoin, Peercoin and Namecoin are all up in terms of Bitcoin. Monero needs to differentiate from ICO coins such as Ethereum.

[Dotto]

Another fibbo broken. 14-17k is the new area to fish.

[dEBRUYNE]

Another fibbo broken. 14-17k is the new area to fish.

More like 165-180k, looking at horizontal support.

[TrueCryptonaire]

I am still holding my support zone at 0.001... There is no urgency to buy now.

[primer-]

This shitcoin gets pumped only once a year, hodlers sell now or wait for summer 2017 
In my opinion, monero will be dead in one year due to steep emission curve. Reward will be so little no one other than botnets will mine it (as if its much different now).

[bitebits]

I blame Vitalik.

That stunt shook what little confidence there was in the alts.  Along with the BTC rise, XMR is swimming in an infested pond right now.

In the long run, XMR will be able to differentiate and overcome, but there may be more short term price ugliness.  

Yes but before XMR can differentiate I want to buy some at 0.001.  

But how much will that be in dollars or euro? Unless you are allin crypto, I think measuring Monero's value in bitcoin makes little to no sense.

[TrueCryptonaire]

I blame Vitalik.

That stunt shook what little confidence there was in the alts.  Along with the BTC rise, XMR is swimming in an infested pond right now.

In the long run, XMR will be able to differentiate and overcome, but there may be more short term price ugliness.  

Yes but before XMR can differentiate I want to buy some at 0.001.  

But how much will that be in dollars or euro? Unless you are allin crypto, I think measuring Monero's value in bitcoin makes little to no sense.

Only a small percentage of my portfolio is in crypto.
The largest part is tied to appartments and are cashflowing.
Then I have some common shares + investments in startups + precious metals (lately I have been more and more fascinated in accumulating gold coins, especially historical European gold coins).

I have also some bitcoins that are paying me interest in lending markets + some idle btc.. If XMR/BTC ratio drops to 0.001 I am interested to reallocate some of my bitcoins into Monero. If it will not do that, I am also fine with my current portfolio (however I secretly wish there will be enough dumpers to hammer XMR to 0.001 although I do not think it will last too long, max a few months).

So crypto I am approaching by two fold: 1) USD/BTC 2) BTC/SOME OTHER COIN, I have divided my portfolio in crypto into two parts that are completely distinct, if BTC goes to the moon I am not going to sell all my btc so that I can take advantage also some dumps in alt markets, and that part is collecting interest currently in Poloniex.

[birr]

.
.
.

TMI

[rdnkjdi]

http://bravenewcoin.com/news/core-bitcoin-developer-claims-chainanchor-plans-to-bribe-bitcoin-miners-to-regulate-bitcoin/

[dEBRUYNE]

https://www.reddit.com/r/Bitcoin/comments/4gkxox/mycelium_new_wallet_announcement/

Among others:

Support for multiple currencies and digital assets. The new Mycelium app will support many more digital assets besides just Bitcoin. With the help of the plugin API architecture, anyone would be able to add support for any type of currency or asset, be it Litecoin, Doge, ColoredCoin, Ether, Factom, or personally issued assets like stocks, tickets, or hotel keys. We are uniquely positioned to have an advantage in this, because Mycelium already runs a set of highly optimized backend servers that handle and transfer digital assets. We plan to extend this backend architecture to support many more such assets.

[r0ach]

Support for multiple currencies and digital assets. The new Mycelium app will support many more digital assets besides just Bitcoin. With the help of the plugin API architecture, anyone would be able to add support for any type of currency or asset, be it Litecoin, Doge, ColoredCoin, Ether, Factom, or personally issued assets like stocks, tickets, or hotel keys. We are uniquely positioned to have an advantage in this, because Mycelium already runs a set of highly optimized backend servers that handle and transfer digital assets. We plan to extend this backend architecture to support many more such assets.

Am I imagining things, or does it sound like they're trying to monetize themselves into some type of Coinbase/Shapeshift-like site?

[meme magic]

so whats stopping them?

In my opinion there is a bootstrapping process that has to proceed at some natural pace. For example, on the investor side, no one playing with billions of dollars can get involved with Monero at all right now. We can only potentially appeal to slightly larger investors, whose participation would expand the market cap and liquidity, making it potentially accessible to the next step of investors, and so on. It takes time and development effort on many fronts.

Is it possible for miners to reject transactions without a payment ID in Monero?

[volyova]

Who here is a Dogeillionaire?

[volyova]

@ "smooth". You presume too much (not so) smart guy. You don't know anything about me.

[Nxtblg]

Snapshot #56978 says at 0.03% - 34948.17422534
Snapshot #56980 says at 0.03% - 2346.06250770

Question: are those snapshots from API data or are they from screengrabs? Thanks,

[dEBRUYNE]

Snapshot #56978 says at 0.03% - 34948.17422534
Snapshot #56980 says at 0.03% - 2346.06250770

Question: are those snapshots from API data or are they from screengrabs? Thanks,

API as far as I know.

[persiancat]

Looking at the XMRBTC charts on a 3D basis ... the recent underperformance seemed to mirror that of 2Q2015.
It almost looks like a double top with unbreakable resistance at 0.0042.

Accordingly, the posting velocity in this thread has dropped considerably.
Perhaps they have went to chase the pot of gold at the end of the bitcoin rainbow (second rainbow? double rainbow?).

There are too few long-term holders in XMR. Not enough of the new emission is being absorbed by this group.

XMR right now is akin to a share counter with too much free float and insufficient "fundamentally-oriented institutional investors", and it shows in the "share price".

XMRUSD is down to about $0.88 as we speak.

[vuduchyld]

Looking at the XMRBTC charts on a 3D basis ... the recent underperformance seemed to mirror that of 2Q2015.
It almost looks like a double top with unbreakable resistance at 0.0042.

Accordingly, the posting velocity in this thread has dropped considerably.
Perhaps they have went to chase the pot of gold at the end of the bitcoin rainbow (second rainbow? double rainbow?).

There are too few long-term holders in XMR. Not enough of the new emission is being absorbed by this group.

XMR right now is akin to a share counter with too much free float and insufficient "fundamentally-oriented institutional investors", and it shows in the "share price".

XMRUSD is down to about $0.88 as we speak.

Is that a DOUBLE RAINBOW?  DUUUUUUUUUUUUUUDE!

Well, I'm holding come what may.  What was once healthy unrealized gain is now unrealized loss.  C'est la vie, c'est la guerre. 

Never invest in crypto anything you can't afford to lose, I say!