[XMR] Monero Speculation

[aminorex]

Yeah, liquidity tends to dry up before a big move.  Liquidity impedes motion, like running in deep surf

BTC seems oversold now.

[TrueCryptonaire]

Yeah, liquidity tends to dry up before a big move.  Liquidity impedes motion, like running in deep surf

BTC seems oversold now.

The weak hands need to be shaken and they need to have cash so that they have money to buy their coins back on the Moon.

[luigi1111]

I didn't say it is dead, i'm saying theres nothing special about it, no pump potential be it artificial or well deserved. No chance to be used alongside bitcoin, or after it dies, because it would have to wait in a really long waiting line. So, it's good only for speculation, but unless youre a day trader, i dont see why would you invest in it. It's like investing in trumpcoin, no real profit potential unless theres a blatant manipulation and you exit in time.

Another demonstration of a lack of understanding of fungibility and the fact that Monero (and some of its cryptonote family members) are the only functioning fungible* cryptocurrencies.


* - caveat of blockchain temporal association and ip broadcasting problems. The latter easily fixable with i2p, the former somewhat fixable with RingCT and maybe some better output selection algorithms? I speculate that someone has a really good solution to this problem and aint telling anyone.

RingCT almost perfectly fixes that, since only one output per tx goes to a single destination. Better output selection now could also diminish the effects significantly.

[nioc]

I think the weakness of Monero is the constant inflation. The idea of coins being mined for ever doesn't incentify adaption for people who want to preserve their wealth.
Monero is much like Doge coin but lower inflation percentage. To maintain any value people need to buy coins on constant basis (like in fiat - to maintain the value there need to be economic growth which hopefully exceeds the rate of inflation).

It's 432 coins a day which doesn't seem like much.  I'm sure you must be aware that that 432 coins is intended to both incentivize mining better than 0 coins and I believe it's needed for the adaptive blocksize.

At 0 coins produced the supply will eventually tend towards 0 because as aminorex pointed out there is some unusable dust (not so much going forward) as well as the inevitable loss of coins.  

It's a well know fact that many untold thousands of coins have already been lost in boating accidents.

[iCEBREAKER]

I didn't say it is dead, i'm saying theres nothing special about it, no pump potential be it artificial or well deserved. No chance to be used alongside bitcoin, or after it dies, because it would have to wait in a really long waiting line. So, it's good only for speculation, but unless youre a day trader, i dont see why would you invest in it. It's like investing in trumpcoin, no real profit potential unless theres a blatant manipulation and you exit in time.

There is something "special about"

-100% fungibility
-ASIC resistant PoW
-RingCT
-Kovri
-working dynamic blocksize
-tail emission

Monero can't be dead yet, because it hasn't been born.  We've been in labor for months, so expect a delivery Soon.   

[generalizethis]

I didn't say it is dead, i'm saying theres nothing special about it, no pump potential be it artificial or well deserved. No chance to be used alongside bitcoin, or after it dies, because it would have to wait in a really long waiting line. So, it's good only for speculation, but unless youre a day trader, i dont see why would you invest in it. It's like investing in trumpcoin, no real profit potential unless theres a blatant manipulation and you exit in time.

There is something "special about"

-100% fungibility
-ASIC resistant PoW
-RingCT
-Kovri
-working dynamic blocksize
-tail emission

Monero can't be dead yet, because it hasn't been born.  We've been in labor for months, so expect a delivery Soon.  

For anyone who is lurking or watching from the sidelines, dedicated purveyors of standards are the real test for any product--if people will search it out, research it, measure risk/reward, take the time to criticize the burgeoning product in thoughtful and productive ways--well, then you have your market research laid out before you....and guess what, it was vetted, concise, and free. If you can't figure it out, it's because you weren't meant to.

It's like selling housing shorts in 2007.

[aminorex]

So far, higher highs and higher lows since May 31.

[smoothie]

Explain to me again how people buying BTC to trade for ETH brings BTC down?

again ? i have btc, i trade it for eth. btc demand goes down, eth demand goes up.

~LOL~

But your example has nothing to do with fiat price where there are on and off ramps for BTC<-> fiat.

BTC doesn't go "down" because people buy ETH with BTC...in fact it helps grow BTC's utility by being able to buy ETH.

Not the reverse.

[smoothie]

I think the weakness of Monero is the constant inflation.

I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.

People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.

[sandiman]

Yeah, liquidity tends to dry up before a big move.  Liquidity impedes motion, like running in deep surf

BTC seems oversold now.

The weak hands need to be shaken and they need to have cash so that they have money to buy their coins back on the Moon.

If BTC looks oversold to you give it a few days more and it will probably be sold out 

[Dotto]

I think the weakness of Monero is the constant inflation.

I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.

People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.

Seems like some people are not that fast to get this. Anyhow, given enought time, they will

[numismatist]

I think the weakness of Monero is the constant inflation.

I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.

People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.

Seems like some people are not that fast to get this. Anyhow, given enought time, they will

Nobody is able to point at that bank statement plastered all over the internet for all to see for eternity. You able to point at my BTC wallet?

[nioc]

I think the weakness of Monero is the constant inflation.

I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.

People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.

Seems like some people are not that fast to get this. Anyhow, given enought time, they will

Nobody is able to point at that bank statement plastered all over the internet for all to see for eternity. You able to point at my BTC wallet?

Chain analysis keeps improving and if you are indeed hidden now, are those techniques going to be sufficient against any and all future improvements in chain analysis?  Ofc everything you and everyone has done on the btc blockchain is a matter of public record.  From your statement it seems that you value privacy.  So why are you not appreciative of the best private cyrptocurrency?

https://www.elliptic.co/

[Dotto]

I think the weakness of Monero is the constant inflation.

I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.

People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.

Seems like some people are not that fast to get this. Anyhow, given enought time, they will

Nobody is able to point at that bank statement plastered all over the internet for all to see for eternity. You able to point at my BTC wallet?

No, I can´t (yet). But your goverment can. And will do in spades

From nioc´s link:

Elliptic’s proprietary database delivers auditable proof of identity for millions of Bitcoin addresses across thousands of real world entities.

This gives law enforcement agencies and financial institutions the confidence they need to investigate and evaluate suspicious activity on the Bitcoin blockchain.

[s1gs3gv]

BTC doesn't go "down" because people buy ETH with BTC...in fact it helps grow BTC's utility by being able to buy ETH.

It doesn't help grow BTC's utility because BTC already has that utility.

Increasing demand for ETH occurs at the expense of BTC mindshare/marketshare. More people want to hold ETH and fewer want to hold BTC. How can this not affect BTC value ?

[s1gs3gv]

Chain analysis keeps improving and if you are indeed hidden now, are those techniques going to be sufficient against any and all future improvements in chain analysis?  Ofc everything you and everyone has done on the btc blockchain is a matter of public record.  From your statement it seems that you value privacy.  So why are you not appreciative of the best private cyrptocurrency?

https://www.elliptic.co/

This might be a reasonable argument if a blockchain privacy vulnerability was the only, or even one of the more significant, tools at the disposal of those who would violate your privacy but this isn't the case. Its far easier for a 3rd party to put a keystroke logger on your laptop or mim your SSL/TLS sessions or set up a fake GSM access point in your neighborhood or set up a large number of tor exit points or just hoover up all the data from the networks.

The only thing worse than no privacy is a false sense of privacy.

[saddambitcoin]

Maybe they want to hold both. For instance, someone that already has all the BTC they want, but uses their income to buy another currency. Money flowing into altcoins is good for BTC, and good for everyone, I think.

[birr]

Chain analysis keeps improving and if you are indeed hidden now, are those techniques going to be sufficient against any and all future improvements in chain analysis?  Ofc everything you and everyone has done on the btc blockchain is a matter of public record.  From your statement it seems that you value privacy.  So why are you not appreciative of the best private cyrptocurrency?

https://www.elliptic.co/

This might be a reasonable argument if a blockchain privacy vulnerability was the only, or even one of the more significant, tools at the disposal of those who would violate your privacy but this isn't the case. Its far easier for a 3rd party to put a keystroke logger on your laptop or mim your SSL/TLS sessions or set up a fake GSM access point in your neighborhood or set up a large number of tor exit points or just hoover up all the data from the networks.

The only thing worse than no privacy is a false sense of privacy.

I'm from the gubmint an' we doan need no steenking keyloggers!
Say hello to my little frien' he eez call chain analysees!

[TrueCryptonaire]

If you have considered entering in margin long position with XMR but was not willing to take high bitcoin interest rates, now the rates have gone down a little offering very low annual bitcoin denominated cost for borrowing bitcoins for the purpose of buying bitcoins.
The annual rate is around 3-4 % only these days. Ladies and gentlemen, if you trust Monero will be higher within 1 year or so more than 3-4 % from the current levels, you might want to consider taking long positions. But be careful, make sure the estimated liquidation price is low enough so that you may not get liquadated at the bottom if there is a sharp flash crash. Therefore, buy some extra Moneros with real money, put them to margin account and start taking margin long positions. However, margin trading is risky but also if it plays right for you might be wealthy within 1 year, and the cost is only a few percentages. 

[vokain]

If you have considered entering in margin long position with XMR but was not willing to take high bitcoin interest rates, now the rates have gone down a little offering very low annual bitcoin denominated cost for borrowing bitcoins for the purpose of buying bitcoins.
The annual rate is around 3-4 % only these days. Ladies and gentlemen, if you trust Monero will be higher within 1 year or so more than 3-4 % from the current levels, you might want to consider taking long positions. But be careful, make sure the estimated liquidation price is low enough so that you may not get liquadated at the bottom if there is a sharp flash crash. Therefore, buy some extra Moneros with real money, put them to margin account and start taking margin long positions. However, margin trading is risky but also if it plays right for you might be wealthy within 1 year, and the cost is only a few percentages. 

Can't lenders change rates after the lending period ends?