[XMR] Monero Speculation

[dnaleor]

Sophism lives in Monero community!

Socrates would be sad  

I am out. Community sucks, with some bright exceptions.

Zcash will teach you a lesson I suppose.

For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA.
If I see an opportunity in XMR I will advise everyone to buy.

Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS!

Keep holding your bags as 'investors' lol

quoting this for the lulz

edit: I guess Klee meant 0.005-0.0075 BTC per XMR

[smooth]

Sophism lives in Monero community!

Socrates would be sad  

I am out. Community sucks, with some bright exceptions.

Zcash will teach you a lesson I suppose.

For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA.
If I see an opportunity in XMR I will advise everyone to buy.

Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS!

Keep holding your bags as 'investors' lol

quoting this for the lulz

edit: I guess Klee meant 0.005-0.0075 BTC per XMR

With FUD like that he was probably buying. Nice trade klee.

[regexlove]

 Beware of the ongoing Monero pump.   

-Trollbox calls for buying or selling are more often false than true. 
-When shortsqueezes happen the market is in perpetual motion up for a short time but can crash any moment and the risk/reward ratio is worst.  Every money you throw on it may end in the pumper's pocket. They may also control spikes up and down in interest rates and thus trigger waves of waiting orders.

-Once people calm and stop falling for the hysteria,  the order book and trading volume vanish ( alone with the sneaky pump&dumping opportunity they triggered),
but before that they are not afraid to trade their >= Bitcoins in circles, wasting tons of fees,  raising irrational FEAR and FOMO equally.

-Other cryptonote based currencies did not jump a lot

- I correctly alerted several pumps already:
 Especially Monero and Factom pumping on the same day happend before
 (and was noway sustainable)

On anonymity hype:

As Richard Stallman said,
1.  You may want to support anonymity of most payers/donators generally,
    but you may not want to specifically supporting anonymity of receivers/services, including evil ones/gun sellers/....

2. Most of the technical foundations of blockchains aren't all new.   
   Important are the social developments.   

https://www.youtube.com/watch?v=RZ_3MKomQzY#t=220

Transparency VS Anonymity
If society had to chose one it would keep Transparency.
but there is no Transparency VS Anonymity  knock-out

(Neither   Direct democracy VS 'blockchain immutability'  to make another example)

Each thing exists to some degree anyway. Bitcoin supports annoymity as far as you an fun an account anonymously.
We (society) have to go for the best/safest design to define their scope and co-existence responsibly.
There is always advantages/convenience to be unlocked, yet more importantly we do not want to enable dangers.

- If something represents anonymity only in exchange for transparency that does not represent what supporters of anonymity generally meant,
 and it will not be used widely, when most people and legal behavior will stay out for good and all remaining users may be under general suspicion .

(Similarly:  If something represents 'blockchain immutability' in exchange for direct democracy, then it also does not represent the pure original point/relevant, but much rather the specific trade-off to favor immutability against direct democracy.)

But of course you actually want to come up with a solution carefully sorting out the safest combination of everything relevant

[Globb0]

Toot toot!

fast approaching 10, I gues shorts are getting closed now.

[rangedriver]

But there has been a shift - a tangible sense that we are now in a prime position to occupy a space than can only really be matched by Bitcoin itself. The recent StackExchange victory proves that whatever the size of one's marketcap, it is the power of community, the egalitarian nature of the genesis, and the skill of the underlying codebase which are the real qualities that will carry projects forward without decline.

Resistance at the 0.004-0.005 level may well be inevitable, but the speed and ferocity at which it is finally broken shouldn't be of any objective surprise. Thus, I wouldn't be surprised if we were toying with 0.0160 by years end.

Either way, Monero now only has to double in value for it to be one place behind Dash on the marketcap. Consequently, and in conjunction with a perceived "Monero vs ZCash" conversation that will make Dash increasingly irrelevant, speculative and community leakage will pour massively into the Monero ecosystem and the levees will break.

Without knowing it, suddenly Monero has a marketcap in excess of $100 million.  
 

AKA Proper mutha fucking harmonic market intent.

[megadeth]

Risto will soon start the 2nd XMR castle.

Well, excepting that he just said he doesn't own any Monero anymore...

Yeah, he lost them on that fishing trip.
lol

[Blazin8888]

Ok guys this is unreal, we could be apart of something HUGE.

I want to learn Esperanto. We should all learn - buy a private island with our XMR and create a XMR safe heaven

[bitkilo]

This. Is. Insane.  

You took the words off my keyboard.  
I started watching this last night before bed at 0.0055 now at 0.0089, and all 1 day before i get paid, what a shame but i will still visit shapeshift tomorrow. 

[Fragbait]

Where is this going to go? Is there a target? Or is everyone just cashing in and partying?

I've been out of the loop with monero - any gui in the works?

Information, screen shots, and build instructions here: https://www.reddit.com/r/Monero/comments/4z1hmk/monero_core_gui/

Looking at the pics it appears there is only one receiving address in a wallet. Does that mean that multiple wallets has to be created and synced and backed up and managed if I want to give different addresses to different parties?

[cAPSLOCK]

Where is this going to go? Is there a target? Or is everyone just cashing in and partying?

I've been out of the loop with monero - any gui in the works?

Information, screen shots, and build instructions here: https://www.reddit.com/r/Monero/comments/4z1hmk/monero_core_gui/

Looking at the pics it appears there is only one receiving address in a wallet. Does that mean that multiple wallets has to be created and synced and backed up and managed if I want to give different addresses to different parties?

Payment IDs can be used for what you are describing.  There are less arguments for lots of addresses with monero.

[Fragbait]

Where is this going to go? Is there a target? Or is everyone just cashing in and partying?

I've been out of the loop with monero - any gui in the works?

Information, screen shots, and build instructions here: https://www.reddit.com/r/Monero/comments/4z1hmk/monero_core_gui/

Looking at the pics it appears there is only one receiving address in a wallet. Does that mean that multiple wallets has to be created and synced and backed up and managed if I want to give different addresses to different parties?

Payment IDs can be used for what you are describing.  There are less arguments for lots of addresses with monero.

If you want to retain privacy you shouldn't give the same address to more than one party.

[smooth]

Where is this going to go? Is there a target? Or is everyone just cashing in and partying?

I've been out of the loop with monero - any gui in the works?

Information, screen shots, and build instructions here: https://www.reddit.com/r/Monero/comments/4z1hmk/monero_core_gui/

Looking at the pics it appears there is only one receiving address in a wallet. Does that mean that multiple wallets has to be created and synced and backed up and managed if I want to give different addresses to different parties?

Payment IDs can be used for what you are describing.  There are less arguments for lots of addresses with monero.

If you want to retain privacy you shouldn't give the same address to more than one party.

It depends on use case but that is often correct. For a public entity like a business or exchange it is okay to do, and then use payment ids (or preferably integrated addresses) for each individual customer or order. In general, if people already know who they are paying, then it is okay the use a single address.

Some kind of support for multiple wallets/addresses is planned for the future but I think not in the first release, so yes you will have to handle that yourself.

[dEBRUYNE]

Guide to using Monero with Tor (correctly)

https://www.reddit.com/r/Monero/comments/4z3ced/guide_to_using_monero_with_tor_correctly/

Courtesy of smooth.

[nioc]

Champagne and popcorn time...

Where is the top...?!   Seems we're taking a breather after pipping over .0065, but is there more to come?  Can't stop watching - just watching Polo troll box is delightful.

I guess we are too classy to be posting train pics, or 'boom' gifs?

I'm not sure but I think that train pics and such are not allowed

Top?  We are presently at 0.65% of btc.  Paltry.

Number of Monero I have sold during this rise = 0

Edit:  I did buy a relatively small amount @420

Well now we have hit 0.0075 I wish I could say the same, as I have sold more than I wish I had (with hindsight).

I set up ladders of sells and buys as I have done since it first opened on Polo and I have stuck to prioritising accumulation while passively range trading constantly to average down my price per coin overall.  I wanted to maintain a 0.1% of supply holding, but tonight with it smashing many of my upper rungs so fast, I am below target by an amount I will struggle to claw back.  Of course I can't complain, although I just wish I could get BTC out of Polo quicker than the minimum limits allow.

It's been a fantastic 24 hours for those of us in in for the long term though....

And shame about the trains, we're a stuffy lot sometimes, a little exuberance is occasionally warranted IMHO.

The answer to your original question should include a timeframe which I did not give.  I assume the question was short and my answer was l o  n   g.  As I said a few months ago I'm giving this 3 years.

Also I no longer trade and haven't for a while for several reasons.  I'm content having my relative price lowered by the price rising.

Best of luck getting your precious Monero back.

     ^
     ll
    / \
     

[aminorex]

Looks to stabilize around 4.20 usd maybe. (Coincidence? Ha!) Expect some vol.  Good place to resume market making, but plan for more spikes.

Edit: I estimate a good working range as 3.85 to 4.65 right now (8pm Eastern US) but most of the risk is upside, on short covering, so don't get caught offsides!

[VultureFund]

Hey chickens!

Just here to welcome the 0.001's . You were all warned, so don't cry now....  

You cannot imagine how my portfolio looks right now... MUAHAHAHAHAA

I have good and fresh news from you ducks: I've closed all my XMR shorts and most members of the circle are starting doing the same. We all know that XMR is one of the most promising shits outthere and it's not wise to continue short at those prices.

In fact, I've already bought tons of XMR and we'll continue to do so. Here officially starts the new BTC and ALT bubble, so get ready for a +50M $ cap on XMR in a few months.

But shhhh, it's just a secret, don't expand it!  

Well folks, just here to remember what was the situation a few months ago.

Said that, I'm full out of XMR with more than a +500 BTC profit.

Just have to say very thanks to all of you for your behaviour. We could not did that without you.

Now it's turn to your brothers BBR and AEON, so get ready for the pumps!!

[explorer]

Nearly all the moneros are in shorts. The amount of remaining fuel is astounding

Enough shorts taken to bite at my 1% offering, but lots still available right now.

[Anon136]

Hey chickens!

Just here to welcome the 0.001's . You were all warned, so don't cry now....  

You cannot imagine how my portfolio looks right now... MUAHAHAHAHAA

I have good and fresh news from you ducks: I've closed all my XMR shorts and most members of the circle are starting doing the same. We all know that XMR is one of the most promising shits outthere and it's not wise to continue short at those prices.

In fact, I've already bought tons of XMR and we'll continue to do so. Here officially starts the new BTC and ALT bubble, so get ready for a +50M $ cap on XMR in a few months.

But shhhh, it's just a secret, don't expand it!  

Well folks, just here to remember what was the situation a few months ago.

Said that, I'm full out of XMR with more than a +500 BTC profit.

Just have to say very thanks to all of you for your behaviour. We could not did that without you.

Now it's turn to your brothers BBR and AEON, so get ready for the pumps!!

Well thanks brother. You know what they say. There is no such thing as bad press.

[slapper]

0.007!

I sold 10% - couldn't help it. Still holding on to 90% for the long term.

Sold 100% at 8 once I saw manipulative kids are back.

@Newbies looking to get in , dont buy yet. Let the big boys play chess with each other first and knock a few out for good. You will get you buy zone in a day or two.

[explorer]

Poloniex XMR/BTC 24hr volume tops 33k BTC 

nearly 5 million XMR traded.