[XMR] Monero Speculation

[sammy007]

majority the people from the community could participated and gotten in to have their fill.

"Community" had 2 years to fill. There is no such word as "community" in crypto, all "community" forgot about coin for a year, devs worked hard on it, then "community" back for a day to dump, throw jokes about lambos and boats and ran again. Only market adoption makes sense for now and XMR has real sector. The most real one in crypto.

[labuan]

yah try  to buy XMR and hold, hope price like ETH soon.

[aminorex]

Is XMR's rise too much, too soon? It would have been better if the rise was slow  ...

That's the nature of the animal.  Wishing won't change that.  Price was too low, so it had to go up.  There were 2.5 years to bid it up, but no one could be bothered.  

It will happen again and again.  As with bitcoin, so with Monero, only faster.  Much faster.

[explorer]

254 active nodes 

[aminorex]

throw jokes about lambos and boats and ran again. Only market adoption makes sense for now and XMR has real sector. The most real one in crypto.

You may not have clicked the link, given your interpretation of the boat meme.  It's worth a look.  BTC lusted after easier integration with the legacy financial system for years.  You can fund a visa card with Monero, make SEPA payments from Monero. I find that very empowering.  Why save in a depreciating currency at negative interest rates when you can save in the most rapidly appreciating asset on the planet, with convenient liquidity?!

More on-ramps will be required. 

[sammy007]

throw jokes about lambos and boats and ran again. Only market adoption makes sense for now and XMR has real sector. The most real one in crypto.

You may not have clicked the link, given your interpretation of the boat meme.

Not about you btw.

[magico]

You can fund a visa card with Monero, make SEPA payments from Monero.

Via XMR-BTC-USD(or somesthing)? Or there are the ways that I and others don't know about?

[sammy007]

You can fund a visa card with Monero, make SEPA payments from Monero.

Via XMR-BTC-USD(or somesthing)? Or there are the ways that I and others don't know about?

https://www.bitwa.la/

[magico]

You can fund a visa card with Monero, make SEPA payments from Monero.

Via XMR-BTC-USD(or somesthing)? Or there are the ways that I and others don't know about?

https://www.bitwa.la/

thanks, I didn't checked what Bitwala is before...

[Febo]

Roger Ver makes a good point here
https://forum.bitcoin.com/monero/monero-price-speculation-thread-t10274.html#p29049

"Monero... hasn't been heavily tested with actual users yet.
It would only take one thing to go wrong technically for most, or all of the market cap to disappear."

The thoughts of those more technically minded....?

That is just the usual thing with investment advices in crypto. Buy as much as you can afford to lose. Any crypo can be worth really little if there is some mathematical fault in it that make it work insecure.
Bitcoin had more years to find such flaws. Monero only 2. So from this angle Monero is riskier.

[Majormax]

Is XMR's rise too much, too soon? It would have been better if the rise was slow and real where majority the people from the community could participated and gotten in to have their fill. This rise looks like the traders took advantage of the people's fear of being left behind by pumping it and then sell at high prices. Sooner or later some people will get burned playing in the current state of the XMR market.

It is just looking like the natural progression of price. An exponential rise is always followed by a bust, and many speculators get washed out at a loss. That ensures that only the committed strong hands are left holding. BTC price chart followed a similar pattern.

If the long term trend is to be higher (and that is not always a given), then the next parabolic rise will be greater : However, the decline (trough) has to be large both in terms of price decline and time.

[sparky999]

Expecting to see 0.0175-0.0185 in the near future. If 0.02 is breached decisively I could see 0.035 developing within the next 2 weeks. I think a crash below 0.012 in the next few days is very unlikely.

OK let's see if I can go for three out of three correct predictions.

I'm currently expecting a violent upward breakout within the next 12 hours which will see 0.2 blown past and a high of 0.025-0.028 being hit before price stabilizes at approx 0.021. I think this will be the final upward push before Sept 1st. Events become incredibly hard to predict after that date as a single piece of good or bad news in relation to XMR usage on AlphaBay could see huge swings in either direction.

[explorer]

254 active nodes 

That was ages ago.  Now it's 425!  wild times 

[Globb0]

Gave myself a few haircuts, including one embarrassing one where I thought I cancelled the order and in the morning it was up to 12 and I was like glad I cancelled that sell at 8. Then WTF it somehow went through. Doh!


Still alive.

[kurious]

I will probably sign up for the Bitwala BTC credit card - I am not sure you can directly load it with XMR, but hey - the site will take XMR and convert.

I need a good dig into costs and how rates / charges work, but it looks good.

If you haven't looked, Fluffy Pony is in a short video being interviewed in front of what looks like a very swish wine collection by Amanda B Johnson.

It's a little out of date "Monero is about 25c" (those were the days, eh?) but ahem - made me smile...

http://about.bitwa.la/bitwala-is-now-accepting-monero/

[shmadz]

Well, this has definitely been a fun week or so  I don't have any insightful predictions to offer, but the following post did bring to mind some anecdotal info for whatever that's worth...

Yesterday morning I was on a break at work, yes Sunday, when I received a call from my gf who is out of town.  During our conversation she commented that I sounded "exceedingly calm".  You guys might be excited but this is what this upswing has done for my mood.   She knows of btc and Monero and my involvement but is limited in her understanding of them or my personal holdings.  She has had opportunity to invest but has declined.  When she hears of the recent rise she will inevitably ask why I didn't get her some   So yesterday I bought her some @0.0143 that she as yet doesn't know.  Of course any profits will be hers and any loses will be mine

Buying @0.0143 I must be crazy

I have been bleating on about bitcoin to any of my friends that would listen since before the 32 dollar spike. After that crash, all my friends just said "told you so" and would no longer put up with my crap.

Fast forward several years and in the past week I've had two friends call to ask how they can "get in on this Monero thing".

 I think there is a substantial number of people that had heard about bitcoin and they feel as though they missed that train. Now they see another train preparing to leave and they are frantic to reserve a seat... Full on FOMO.

Choo Choo My Friends!

[nanobrain]

Roger Ver makes a good point here
https://forum.bitcoin.com/monero/monero-price-speculation-thread-t10274.html#p29049

"Monero... hasn't been heavily tested with actual users yet.
It would only take one thing to go wrong technically for most, or all of the market cap to disappear."

The thoughts of those more technically minded....?

That is just the usual thing with investment advices in crypto. Buy as much as you can afford to lose. Any crypo can be worth really little if there is some mathematical fault in it that make it work insecure.
Bitcoin had more years to find such flaws. Monero only 2. So from this angle Monero is riskier.

Thanks, but that's not what I was asking and I don't think what RV was alluding to (read the rest of his post)

In 2013 BTC went 'mainstream' and even though it had had years to prepare the infrastructure wasn't there when heavy traffic ramped up, either technical, administrative or social.  "why didnt we get the infrastructure sorted out first" was a common comment while MK bounced off with everyone's money, frappacino in hand.  BTC is still recovering and the segwit/block size debate shows technical infrastructure was low down the list when everyone was raking in cash.

So, I'm asking very specifically for those technically minded, has XMR learnt from BTCs mistakes, is the network prepared to handle 4, 8, 16 times more daily tx, is the network stable, is a 51% attack an issue.....I don't know if any of these things are even the questions to ask.  And I appreciate this is the speculation thread and I should mooch over the other forum.  But these questions do impact on ones investment.

[sparky999]

Roger Ver makes a good point here
https://forum.bitcoin.com/monero/monero-price-speculation-thread-t10274.html#p29049

"Monero... hasn't been heavily tested with actual users yet.
It would only take one thing to go wrong technically for most, or all of the market cap to disappear."

The thoughts of those more technically minded....?

That is just the usual thing with investment advices in crypto. Buy as much as you can afford to lose. Any crypo can be worth really little if there is some mathematical fault in it that make it work insecure.
Bitcoin had more years to find such flaws. Monero only 2. So from this angle Monero is riskier.

Thanks, but that's not what I was asking and I don't think what RV was alluding to (read the rest of his post)

In 2013 BTC went 'mainstream' and even though it had had years to prepare the infrastructure wasn't there when heavy traffic ramped up, either technical, administrative or social.  "why didnt we get the infrastructure sorted out first" was a common comment while MK bounced off with everyone's money, frappacino in hand.  BTC is still recovering and the segwit/block size debate shows technical infrastructure was low down the list when everyone was raking in cash.

So, I'm asking very specifically for those technically minded, has XMR learnt from BTCs mistakes, is the network prepared to handle 4, 8, 16 times more daily tx, is the network stable, is a 51% attack an issue.....I don't know if any of these things are even the questions to ask.  And I appreciate this is the speculation thread and I should mooch over the other forum.  But these questions do impact on ones investment.

Monero can handle a lot of transactions, from memory it was estimated to be something like 80%+ of what Visa currently does

Edit - found this on Reddit

https://www.reddit.com/r/Monero/comments/3yrazw/what_is_moneros_theoretical_maximum_transaction/

[dEBRUYNE]

...and the good news just continues to roll down the pike.  Article after article.  Things are looking good for the moment. 

And 240 active nodes.  I *think* that's the highest I've seen.   Goes with the current 26MH/s nicely.

I noticed it was up around 245 earlier today.  Did not see any additional activity in China though.

Total nodes is at 416 currently:

https://monerohash.com/nodes-distribution.html

[starmman]

Roger Ver makes a good point here
https://forum.bitcoin.com/monero/monero-price-speculation-thread-t10274.html#p29049

"Monero... hasn't been heavily tested with actual users yet.
It would only take one thing to go wrong technically for most, or all of the market cap to disappear."

The thoughts of those more technically minded....?

That is just the usual thing with investment advices in crypto. Buy as much as you can afford to lose. Any crypo can be worth really little if there is some mathematical fault in it that make it work insecure.
Bitcoin had more years to find such flaws. Monero only 2. So from this angle Monero is riskier.

Thanks, but that's not what I was asking and I don't think what RV was alluding to (read the rest of his post)

In 2013 BTC went 'mainstream' and even though it had had years to prepare the infrastructure wasn't there when heavy traffic ramped up, either technical, administrative or social.  "why didnt we get the infrastructure sorted out first" was a common comment while MK bounced off with everyone's money, frappacino in hand.  BTC is still recovering and the segwit/block size debate shows technical infrastructure was low down the list when everyone was raking in cash.

So, I'm asking very specifically for those technically minded, has XMR learnt from BTCs mistakes, is the network prepared to handle 4, 8, 16 times more daily tx, is the network stable, is a 51% attack an issue.....I don't know if any of these things are even the questions to ask.  And I appreciate this is the speculation thread and I should mooch over the other forum.  But these questions do impact on ones investment.

Monero can handle a lot of transactions, from memory it was estimated to be something like 80%+ of what Visa currently does

Edit - found this on Reddit

https://www.reddit.com/r/Monero/comments/3yrazw/what_is_moneros_theoretical_maximum_transaction/

Awesome, thanks for sharing that link. I knew XMR could handle a lot of transactions but didn't realise it was so high! =)