[XMR] Monero Speculation

[Febo]

Litecoin next target

[magico]

Litecoin next target

 
https://www.youtube.com/watch?v=9EcjWd-O4jI

[GreekBitcoin]

Did it just hit 10$?  
Edit: Nah, maybe a tiny bit less.

[protokol]

Trend seems to be leading to a new ATH in 1-4 hours -- if not, then we might see some dumps when it breaks the lower rising support line.  Get your BTC ready.

Or 7 minutes after your post! To be honest I was hoping for a drop to buy some more, I sold a few at ~0.008 to recoup my initial BTC, wish I'd just held now but in the words of GZA "you needa diversify yo bonds, nigga!"

I'm thinking a drop to below 0.01 is pretty unlikely now, but I'll set some bids there anyway, just in case. Otherwise it looks like I'm holding for the foreseeable future.

[magico]

Did it just hit 10$?  
Edit: Nah, maybe a tiny bit less.

According to https://www.tradingview.com/chart/?symbol=XMRBTC*BTCUSD
it was $9.83 max

[bitebits]

Last week went from .004 to .008 pretty sharpish....wondering if this week we just plough through from .01 to .02

Aminorex was spot of about this weekend 'coin of the hour'.   I guess it will settle at some point - maybe the end of the weekend will cool it off?

OTOH a lot of serious money will only see this on Monday....  The market cap pushing towards the 100 million level is huge news.

Everything just changed - and I haven't had this much fun in crypto since 2103

Reading up on the thread, but are you from the future? This is the perfect place to share any inside knowledge.

[kurious]

Last week went from .004 to .008 pretty sharpish....wondering if this week we just plough through from .01 to .02

Aminorex was spot of about this weekend 'coin of the hour'.   I guess it will settle at some point - maybe the end of the weekend will cool it off?

OTOH a lot of serious money will only see this on Monday....  The market cap pushing towards the 100 million level is huge news.

Everything just changed - and I haven't had this much fun in crypto since 2103

Reading up on the thread, but are you from the future? This is the perfect place to share any inside knowledge.

Oops - well spotted. Not enough sleep in the past 24 hours watching this stuff develop... in mitigation, Your Honour.

[smoothie]

XMR:ETH parity soon?

[ArticMine]

XMR:ETH parity soon?

One Ether down, one to go.

[Anon136]

XMR:ETH parity soon?

One Ether down, one to go.

Ethereum down. Neo-Ethereum next.

[magico]

Trade volume (24h):
Bitcoin   $ 84,038,300 (146 264 BTC)
Monero  $ 49,381,400   (85 945 BTC)

[phishead]

So... who is still all aboard the 50 cent train??

[nanobrain]

It's not a pump. 

I imagine it must be difficult for newer 'crypto-nites' to understand that there was a time this environment wasn't about 'pump and dump'.  When there was just BTC (and then LTC) growth was always seen as natural with adoption curves that were either steep or shallow.

With the proliferation of alts in 2012/13 there was an increase in PnD merchants (remember Fontas) and from there crypto has become the perfect investment environment for a generation with the attention span of a gnat.  If an investment rises sharply it has to have been 'pumped' and any growth that is sustained is unnatural and must be 'dumped' within hours or days.

[cAPSLOCK]

It's not a pump. 

I imagine it must be difficult for newer 'crypto-nites' to understand that there was a time this environment wasn't about 'pump and dump'.  When there was just BTC (and then LTC) growth was always seen as natural with adoption curves that were either steep or shallow.

With the proliferation of alts in 2012/13 there was an increase in PnD merchants (remember Fontas) and from there crypto has become the perfect investment environment for a generation with the attention span of a gnat.  If an investment rises sharply it has to have been 'pumped' and any growth that is sustained is unnatural and must be 'dumped' within hours or days.

I have always hated that terminology when I see it being used in the generic sense of a price rise whether or not manipulation is the motive force. But it is the same folks with the gnat sized attention span that seem to want to call it this. Also the idea this rise is some sort of market manipulation is dumbtastic. It's hilarious really.

These idiots like to think that there are some nefarious whales in the background pumping up the price. But they never stop to think how much it would cost to cause a price rise on this level with this magnitude of volume just by market manipulation.  For what reason?  To what gain. But I suppose those of us who do understand basic math may stand to profit from these idiots.

Now, to revive an old phrase from the 90s. There is such a thing as irrational exuberance. I am being very careful to try to recognize when it becomes a serious factor in the price... but it is so hard to do in the moment.

[nanobrain]

It's not a pump.  

I imagine it must be difficult for newer 'crypto-nites' to understand that there was a time this environment wasn't about 'pump and dump'.  When there was just BTC (and then LTC) growth was always seen as natural with adoption curves that were either steep or shallow.

With the proliferation of alts in 2012/13 there was an increase in PnD merchants (remember Fontas) and from there crypto has become the perfect investment environment for a generation with the attention span of a gnat.  If an investment rises sharply it has to have been 'pumped' and any growth that is sustained is unnatural and must be 'dumped' within hours or days.

I have always hated that terminology when I see it being used in the generic sense of a price rise whether or not manipulation is the motive force. But it is the same folks with the gnat sized attention span that seem to want to call it this. Also the idea this rise is some sort of market manipulation is dumbtastic. It's hilarious really.

These idiots like to think that there are some nefarious whales in the background pumping up the price. But they never stop to think how much it would cost to cause a price rise on this level with this magnitude of volume just by market manipulation.  For what reason?  To what gain. But I suppose those of us who do understand basic math may stand to profit from these idiots.

Now, to revive an old phrase from the 90s. There is such a thing as irrational exuberance. I am being very careful to try to recognize when it becomes a serious factor in the price... but it is so hard to do in the moment.

Agreed.

Of course what we are witnessing at the moment is momentum based on years of steady development and community growth that is now inspiring "irrational exuberance" - a much different factor than the "whale".  And of course there is going to be a correction at some point (probably a few), at which point these same folks will cry 'dump'.  

I do blame Fontas for a lot of this, he implemented and empowered this style of lazy trading analysis -- in many ways it was genius because he understood these people couldn't take on board much more than pump, dump and whale.

[nanobrain]

Looks like we're testing that psychological $10USD barrier - personally, (as someone in the Eastern timezones) I don't think China cares about it

[infofront]

Does China care about Monero at all?

[aerbax]

Does China care about Monero at all?

We've had a distinct lack of native Chinese speakers in the community.  I think all of us would like to see that change.

[nanobrain]

Does China care about Monero at all?

That's a very interesting question. 

As something of a Sino-phile I can tell you that all investment opportunities are of interest to the average citizen (ie a lot more pragmatism, a lot less ego engaged), so if Chinese money isn't flowing in yet (and I think some is already, there are usually volume spikes around "this" time of day) it may well begin or increase as XMR gets more publicity there.

You could only imagine what would happen to the price if OKCoin or Huobi decided to list.

[saddambitcoin]

Wallet question:

I printed my wallet and sent a test amount.

I went to http://xmr.llcoins.net/checktx.html to check balance and need assistance with this part.

Everything that I need to input will come from my printed wallet from moneoraddress?

1. Transaction Hash:
2. Private Key:
3. Recipients Public Address:

You need the TX hash from wherever you're sending from.

Thanks!

My test wallet is a success.

One other thing I noticed was that on the bottom part of the page, the results, theres a few lines saying:

This address doesn't own output 0 with pubkey: (and then has an address).for amount: 0.07

Are these just error codes for incorrectly entering in the information?

Glad to hear it is going well. No, that's not an error. The 0.07 is some of the change that went back to the wallet you spent from. If you were to replace #2 and # 3 with the address and viewkey of the wallet you sent from and it should show that the address owns that output.

For example just like in Bitcoin, if you send 1 BTC from an address containing 2 BTC, the entire output of 2 BTC is spent in the transaction, with the change of 1 BTC going to a new address in your wallet. The same applies here.