[XMR] Monero Speculation

[Dafar]

Congrats TrueCryptonaire! 

and he is therefore invited to Our presence in Our castle, in any time mutually agreed, forthcoming in this autumn,

or

to the Monero Summit and Conference, planned to be organised before the years' end.

Seal.

I wanna come to the Monero Summit and Conference!     

[1713493770]

1713493770

[luigi1111]

I did a little research, because mostly this price surge is argumented with DNM's getting in the currency, which i still do not believe.

On Alphabay in median 1,9% 2737 are accepting XMR in drugs and chemicals from total 136877.
On Oasis in median 6,9% 264 are accepting XMR in drugs and chemicals from total 3813.

The last 0,018 hype on polo had over 100kBTC volume, with now residing somewhere at 0,014 with ~24kBTC volume.

So if 3001 vendors are responsible for over 100kBTC volume, every vendor in median had to have ~33BTC for playing wiht XMR, now somewhat around ~8BTC each if every vendor is actively trading --> possible but not likely.

Why, simply because these 100BTC to 800BTC buy walls would to have been built, in median, buy more than one vendor at the same time --> possible but not likely.

Even if, let's say 10% of the active vendors are actively trading with the new XMR (multiply the figures buy 10) which i still do not believe, this would be more unlikely to happen at the same time on the same place. The lending figures intensify my claim and theory of a single entity playing around and making the market to the contrary argument of "natural" growth  

Think about it  

You are still not getting it (several others have replied as well): we most all agree this is speculation due to the DNM news. Obviously it has not (yet) seen any "real", "natural" use from that (or at least hadn't when the price started its crazy climb).


Now, considering that, this claim:

The lending figures intensify my claim and theory of a single entity playing around and making the market to the contrary argument of "natural" growth

is still absurd.

[rpietila]

I wanna come to the Monero Summit and Conference!     

Let's have it then.

My place is (in winter configuration - summer is much bigger) a small conference center with 28 beds. I live here, and to have a summit we only need to agree on the dates and there is a cost of lodging of course. After nearly a dozen conferences (including 6 in this place) attended by several people who have "at one time held 5% of the existing Bitcoins", I believe I can handle the practicalities with grace.

The price for a few days, all included, would be about 100 XMR. Organiser lead time about 3 weeks.

[coinism]

I wanna come to the Monero Summit and Conference!     

Let's have it then.

My place is (in winter configuration - summer is much bigger) a small conference center with 28 beds. I live here, and to have a summit we only need to agree on the dates and there is a cost of lodging of course. After nearly a dozen conferences (including 6 in this place) attended by several people who have "at one time held 5% of the existing Bitcoins", I believe I can handle the practicalities with grace.

The price for a few days, all included, would be about 100 XMR. Organiser lead time about 3 weeks.

i wonder how many of those 5% people are into xmr. HH perhaps knows the answer to that

[Dafar]

I wanna come to the Monero Summit and Conference!     

Let's have it then.

My place is (in winter configuration - summer is much bigger) a small conference center with 28 beds. I live here, and to have a summit we only need to agree on the dates and there is a cost of lodging of course. After nearly a dozen conferences (including 6 in this place) attended by several people who have "at one time held 5% of the existing Bitcoins", I believe I can handle the practicalities with grace.

The price for a few days, all included, would be about 100 XMR. Organiser lead time about 3 weeks.

Sounds good, hopefully 100 XMR won't be worth a fortune by then... actually, I hope it will 

Let me know dates and I'll be there

i wonder how many of those 5% people are into xmr. HH perhaps knows the answer to that

Well, you have me and rpietila in this thread alone..

[rpietila]

i wonder how many of those 5% people are into xmr. HH perhaps knows the answer to that

One is from the beginning, the other 2 there is no reliable info.

EDIT: and don't you f-n think that I am any one of them.. 

[Dotto]

XMR/BTC & XMR/USD is available for trading on Livecoin:

https://www.livecoin.net/en/news/view/151

Great news. Do we know if you have to proof your identity to deposit/withdraw?

[aerbax]

NASDAQ: http://www.nasdaq.com/article/how-bitcoin-users-reclaim-their-privacy-through-its-anonymous-sibling-monero-cm673770

[Roy Badami]

Short term price speculation? I'm mixed about getting in... was sure it was gonna drop more but now not so much


25% is pretty impressive, and if I was buying something at the DNM I'd feel safer using xmr. The people who use DNMs have no problem acquiring xmr

What about the problem of some people about the "view key" feature. They said that a court order could make you show your transactions in the clear thru view key. Is this true? Why is that feature even there? It might become Monero's weakness.

Well, assuming that's true in some jurisdiction then if, hypothetically, Monero had been designed without a view key - so that the only way you could view your transactions was with your private key - then in that scenario a court could almost certainly just order you to release the private key instead.  Better to give the court just the ability to view, rather than the ability to view and spend.

It's much the same as (one of) the more general arguments for not using the same keys for encrypting and signing messages.  In many jurisdictions courts can demand keys to decrypt your messages, but there's rarely if ever a valid reason for them to demand to be able to forge your signature on messages.  So again, it's useful to be able to give them just the key they need, rather than the only way of complying with the order being to give them far more than they need.

roy

[anama]

iam prediction monero can up go the moon
is every one coin monero can up price 500k satoshi in end year

[nioc]

NASDAQ: http://www.nasdaq.com/article/how-bitcoin-users-reclaim-their-privacy-through-its-anonymous-sibling-monero-cm673770

A mainstream article that basically covers the major points and does so correctly.  Just the facts mam, just the facts.

 

[aerbax]

NASDAQ: http://www.nasdaq.com/article/how-bitcoin-users-reclaim-their-privacy-through-its-anonymous-sibling-monero-cm673770

A mainstream article that basically covers the major points and does so correctly.  Just the facts mam, just the facts.

 

Agreed.  The word "criminal" was nowhere to be found.

[flagel8]

NASDAQ: http://www.nasdaq.com/article/how-bitcoin-users-reclaim-their-privacy-through-its-anonymous-sibling-monero-cm673770

A mainstream article that basically covers the major points and does so correctly.  Just the facts mam, just the facts.

 

Agreed.  The word "criminal" was nowhere to be found.

Yes! THIS to me is the most bullish thing yet. Not the graphs, but the gradual acceptance of Monero as a usable currency, by normal humans. GLTA!

[Anon136]

NASDAQ: http://www.nasdaq.com/article/how-bitcoin-users-reclaim-their-privacy-through-its-anonymous-sibling-monero-cm673770

A mainstream article that basically covers the major points and does so correctly.  Just the facts mam, just the facts.

 

Agreed.  The word "criminal" was nowhere to be found.

Yes! THIS to me is the most bullish thing yet. Not the graphs, but the gradual acceptance of Monero as a usable currency, by normal humans. GLTA!

To me its all about the fundamentally sound tech, utility and the growing community awareness.

[nanobrain]

Yes, that's all good.

But believe me, the sensationalist pieces will follow -- that's not being either pessimistic or contrarian, simply experienced with the print medium.  Its the obvious angle for editors to spice up a dry tech/economics story.

In some ways its not a problem, it simply reflects the same rite of passage BTC went through -- and of course it does mean a lot of writers are going to have volte face on how they describe BTC (ie they sold it to the masses as anonymous but hey turns out it isn't).

[opennux]

Yes, that's all good.

But believe me, the sensationalist pieces will follow -- that's not being either pessimistic or contrarian, simply experienced with the print medium.  Its the obvious angle for editors to spice up a dry tech/economics story.

In some ways its not a problem, it simply reflects the same rite of passage BTC went through -- and of course it does mean a lot of writers are going to have volte face on how they describe BTC (ie they sold it to the masses as anonymous but hey turns out it isn't).

I wonder if the smart editor would pick a different angle. I mean, what bitcoin went through has been done so many times now. It's really beating a dead horse, and I just wonder if that's a good sell for a news-outlet. If I was an editor that only had page-views / newspaper sales and a happy board in mind, then I*m not even sure I'd choose that whole approach and sell again. But I am giving them too much credit...

[Drhiggins]

I wish I had a large chunk of change right now.   The old days of low prices are over.  Even at 0.0138 I want to buy many many Monero.  This ride up is just getting going.  The next year in development and acceptance is key.    

How well did the protestors keep people off Tor today?  Anyone know?  I wonder if that had anything to do with the slow downward stabilization in price today.  

[nanobrain]

Yes, that's all good.

But believe me, the sensationalist pieces will follow -- that's not being either pessimistic or contrarian, simply experienced with the print medium.  Its the obvious angle for editors to spice up a dry tech/economics story.

In some ways its not a problem, it simply reflects the same rite of passage BTC went through -- and of course it does mean a lot of writers are going to have volte face on how they describe BTC (ie they sold it to the masses as anonymous but hey turns out it isn't).

I wonder if the smart editor would pick a different angle. I mean, what bitcoin went through has been done so many times now. It's really beating a dead horse, and I just wonder if that's a good sell for a news-outlet. If I was an editor that only had page-views / newspaper sales and a happy board in mind, then I*m not even sure I'd choose that whole approach and sell again. But I am giving them too much credit...

Smart editors....ha ha ha

"If it bleeds, it leads"....similarly sex, crime and drugs get eyeballs.

Also, most editors are in thrall to their proprietors' political views/ambitions.  This (XMR) is low hanging fruit for rightwing news outlets.

Way, way too much credit

My point is: a tsunami of these stories is swelling on the horizon but don't worry, in the long run it will be good for XMR.

[opennux]

Yes, that's all good.

But believe me, the sensationalist pieces will follow -- that's not being either pessimistic or contrarian, simply experienced with the print medium.  Its the obvious angle for editors to spice up a dry tech/economics story.

In some ways its not a problem, it simply reflects the same rite of passage BTC went through -- and of course it does mean a lot of writers are going to have volte face on how they describe BTC (ie they sold it to the masses as anonymous but hey turns out it isn't).

I wonder if the smart editor would pick a different angle. I mean, what bitcoin went through has been done so many times now. It's really beating a dead horse, and I just wonder if that's a good sell for a news-outlet. If I was an editor that only had page-views / newspaper sales and a happy board in mind, then I*m not even sure I'd choose that whole approach and sell again. But I am giving them too much credit...

Smart editors....ha ha ha

"If it bleeds, it leads"....similarly sex, crime and drugs get eyeballs.

Also, most editors are in thrall to their proprietors' political views/ambitions.  This (XMR) is low hanging fruit for rightwing news outlets.

Way, way too much credit

My point is: a tsunami of these stories is swelling on the horizon but don't worry, in the long run it will be good for XMR.

haha..
yeah, there's hardly any, if any at all, stories like that on bitcoin anymore.

[Hueristic]

I wanna know what Warz thinks.