ArticMine
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Activity: 2282
Merit: 1050
Monero Core Team
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June 13, 2016, 10:49:22 PM |
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The market today is different from 2013; however we could see the scenario where certain crypto currencies behave as a leveraged play on Bitcoin, if Bitcoin enters a strong bull market. It is possible that the Monero could be one of those crypto currencies. One would need as a minimum a clear break in the market capitalization from the 2013 high and even better a clear break in price over the 2013 high to call a true Bitcoin long term bull market. If this scenario materializes again holding Monero could turn to be much better than holding Bitcoin during such a Bitcoin bull market.
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phishead
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June 13, 2016, 11:07:50 PM |
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The market today is different from 2013; however we could see the scenario where certain crypto currencies behave as a leveraged play on Bitcoin, if Bitcoin enters a strong bull market. It is possible that the Monero could be one of those crypto currencies. One would need as a minimum a clear break in the market capitalization from the 2013 high and even better a clear break in price over the 2013 high to call a true Bitcoin long term bull market. If this scenario materializes again holding Monero could turn to be much better than holding Bitcoin during such a Bitcoin bull market. Even though people might move money in and out of certain coins, you can't deny the fact that it looks like people sincerely want to keep their money in the crypto sphere and not revert back to fiat. It seems as time goes on, the higher amount of money is in the overall "crypto market cap" rather than going back down as Bitcoin prices start dropping. Could be wrong though..
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americanpegasus
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June 13, 2016, 11:32:41 PM |
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It blows me away when I think that no fiat actually enters the crypto economy. People simply trade away the fiat which they consider less valuable to get their hands on crypto. The only thing entering the system is human belief and a new human who agrees in the rising value of crypto.
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Account is back under control of the real AmericanPegasus.
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phishead
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June 14, 2016, 12:10:04 AM |
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It blows me away when I think that no fiat actually enters the crypto economy. People simply trade away the fiat which they consider less valuable to get their hands on crypto. The only thing entering the system is human belief and a new human who agrees in the rising value of crypto.
I've never really thought about it that way... And that just goes to prove that things are becoming more and more digitalized; so if that's the case, why not make a system that doesn't require human intervention/politics, using resources to print notes unnecessarily, and creating perpetual debt for citizens. Seems prefectural logical to me... But unfortunately people stick to what's "comfortable" and not "logical".
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Hueristic
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Activity: 3976
Merit: 5392
Doomed to see the future and unable to prevent it
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June 14, 2016, 02:20:27 AM |
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It blows me away when I think that no fiat actually enters the crypto economy. People simply trade away the fiat which they consider less valuable to get their hands on crypto. The only thing entering the system is human belief and a new human who agrees in the rising value of crypto.
I've never really thought about it that way... And that just goes to prove that things are becoming more and more digitalized; so if that's the case, why not make a system that doesn't require human intervention/politics, using resources to print notes unnecessarily, and creating perpetual debt for citizens. Seems prefectural logical to me... But unfortunately people stick to what's "comfortable" and not "logical". No TPTB use all means to resist change that may lower or remove their power. It has nothing to do with people sticking to whats comfortable.
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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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wpalczynski
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Activity: 1456
Merit: 1000
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June 14, 2016, 05:47:23 PM |
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Monero is remarkably stable in terms of BTC price, not much selling occurring during BTC spikes. Seems very bullish.
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Hueristic
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Activity: 3976
Merit: 5392
Doomed to see the future and unable to prevent it
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June 14, 2016, 06:07:47 PM |
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Looks like we had a double shake out, btc and xmr. Very bullish!
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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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Kramerc
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June 14, 2016, 06:58:44 PM Last edit: June 14, 2016, 07:21:41 PM by Kramerc |
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I confirm. I longed today and then got shaken out at break even. Dayum that 10% profit
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obit33
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June 14, 2016, 07:38:13 PM |
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Will we break through?
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Hueristic
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Activity: 3976
Merit: 5392
Doomed to see the future and unable to prevent it
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June 14, 2016, 11:52:25 PM |
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Hah, I stopped reading at this! Bitcoin right now is not really anonymous Are their readers still under the impression they are anon. Funny they throw "really" in there to soften the blow. Lol
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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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Johnny Mnemonic
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June 15, 2016, 12:06:14 AM |
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- TLDR; talks about coinshuffle and coinshuffle++ being the best alternative rather than any mention of Monero.
Shocker. I'm still waiting for the fud storm that XMR is mined entirely by malware.
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Hueristic
Legendary
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Activity: 3976
Merit: 5392
Doomed to see the future and unable to prevent it
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June 15, 2016, 12:23:48 AM |
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- TLDR; talks about coinshuffle and coinshuffle++ being the best alternative rather than any mention of Monero.
Shocker. I'm still waiting for the fud storm that XMR is mined entirely by malware. Just recheck this thread every 50 pages or so and you'll see that as you well know! What do you guys think BTC will pop at? I'm thinking if this isn't close then it may peak 850 but I don't think it's going much higher. But I really have no clue on btc movements. I'm going to cash out and wait for it to drop to rebuy, I figure about a month but who knows?
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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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dEBRUYNE
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Activity: 2268
Merit: 1141
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June 15, 2016, 12:24:23 AM |
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- TLDR; talks about coinshuffle and coinshuffle++ being the best alternative rather than any mention of Monero.
Shocker. I'm still waiting for the fud storm that XMR is mined entirely by malware. It has started on r/monero: https://www.reddit.com/r/MoneroAmericanpegasus, please delete all other posts except the initial one. Makes no sense to have multiple threads for this.
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phishead
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June 15, 2016, 12:36:11 AM |
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...
I'm still waiting for the fud storm that XMR is mined entirely by malware.
It has started on r/monero: https://www.reddit.com/r/MoneroAmericanpegasus, please delete all other posts except the initial one. Makes no sense to have multiple threads for this. I'm still dumbfounded by how many people (or one person) needs to create a new reddit username that relates to each monero story. I'm sure there is someone out there sitting on double digit amount of random quirky monero names that relate to some odd topic. ... I'm calling you out /u/darkflarb.
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slapper
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Activity: 2044
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
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June 15, 2016, 03:21:33 AM |
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Most likely the operation primer-'s peddles around in the XMR threads, so there
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americanpegasus
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June 15, 2016, 07:50:20 AM |
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- TLDR; talks about coinshuffle and coinshuffle++ being the best alternative rather than any mention of Monero.
Shocker. I'm still waiting for the fud storm that XMR is mined entirely by malware. It has started on r/monero: https://www.reddit.com/r/MoneroAmericanpegasus, please delete all other posts except the initial one. Makes no sense to have multiple threads for this. Wilco- I am traveling so am not always in reach of the Internet. You have been one of the best voices of reason in recent months, and the question has been raised as to whether you should help mod on /r/Monero. Are you interested? Job perks include being under constant scrutiny by the community and eventual accusations of censorship. Your reward is a sense of contributing to one of the most important projects on the planet, and in the history of civilization.
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Account is back under control of the real AmericanPegasus.
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dEBRUYNE
Legendary
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Activity: 2268
Merit: 1141
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June 15, 2016, 05:23:08 PM |
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- TLDR; talks about coinshuffle and coinshuffle++ being the best alternative rather than any mention of Monero.
Shocker. I'm still waiting for the fud storm that XMR is mined entirely by malware. It has started on r/monero: https://www.reddit.com/r/MoneroAmericanpegasus, please delete all other posts except the initial one. Makes no sense to have multiple threads for this. Wilco- I am traveling so am not always in reach of the Internet. You have been one of the best voices of reason in recent months, and the question has been raised as to whether you should help mod on /r/Monero. Are you interested? Job perks include being under constant scrutiny by the community and eventual accusations of censorship. Your reward is a sense of contributing to one of the most important projects on the planet, and in the history of civilization. Only if it wouldn't require that much additional time. Also, thanks for the kind words.
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Febo
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Activity: 2730
Merit: 1288
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June 15, 2016, 05:51:30 PM |
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I dont understand that compared to last half year, last 2 weeks rare is selling Moneros. Why this sudden change. Did all who wanted BTC for halving already sold them in past half year? Or something is expecting?
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novag
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June 15, 2016, 07:00:51 PM |
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I think wiil be - Monero >= LTC!
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