[XMR] Monero Speculation

[aerbax]

...
It looks like I need to be logged into Bitcoinwisdom + behind my PC. Not really what I was looking for, more in search for an email or SMS service.

There's a nice app for Android phones called Blockfolio.  You can track your coins and it alerts you when the price is above or below a certain amount.

[owlcatz]

There's a nice app for Android phones called Blockfolio.  You can track your coins and it alerts you when the price is above or below a certain amount.

Thanks, been looking for something like this!

[coinits]

Am I to late to go and buy $2500 worth of Monero? or good investment..?

Not too late while we are still below ethereum. We deserve #2 atleast. When we have ethereum parity a that point you may be too late. But who knows. Btc parity and beyond certainly is not inconceivable.

These words from early bitcoiners are like music to my ears. Do I hear the mountains tremble?

Sorry mr scrooge, while XMR may be a good long term investment BTC is about to bend all the alts over and show them who the boss is. BTC is still the king of crypto and that won't change anytime soon, if ever

You must factor in that some of the larger BTC Whales are XMR Whales too. They want both to succeed and have some leverage to make it happen.

[Dafar]

Am I to late to go and buy $2500 worth of Monero? or good investment..?

Not too late while we are still below ethereum. We deserve #2 atleast. When we have ethereum parity a that point you may be too late. But who knows. Btc parity and beyond certainly is not inconceivable.

These words from early bitcoiners are like music to my ears. Do I hear the mountains tremble?

Sorry mr scrooge, while XMR may be a good long term investment BTC is about to bend all the alts over and show them who the boss is. BTC is still the king of crypto and that won't change anytime soon, if ever

You must factor in that some of the larger BTC Whales are XMR Whales too. They want both to succeed and have some leverage to make it happen.

That's certainly good, because I'm holding both

[TrueCryptonaire]

Looks like the dumpers are losing steam (volumes are declining).
If we do not  find further dumpers, up we go I guess. 

I'm just happy and impressed with the spartan like hodling against a rising btc. I wouldn't expect much price increase in a rising btc environment but if it can just hold onto its gains and patiently consolidate we will be riding btc up by proxy. Thatll be nice and make me very happy indeed.

I have also plenty of bitcoins, therefore I do not feel FOMO against rising bitcoins. Also I can make some btc by lending them in Polo for decent rates. Moneros can be also acquired by lending those to people who thinks this is a bubble.

A good diversification is the key to sleep well without FOMO.

[coinits]

Am I to late to go and buy $2500 worth of Monero? or good investment..?

Not too late while we are still below ethereum. We deserve #2 atleast. When we have ethereum parity a that point you may be too late. But who knows. Btc parity and beyond certainly is not inconceivable.

These words from early bitcoiners are like music to my ears. Do I hear the mountains tremble?

Sorry mr scrooge, while XMR may be a good long term investment BTC is about to bend all the alts over and show them who the boss is. BTC is still the king of crypto and that won't change anytime soon, if ever

You must factor in that some of the larger BTC Whales are XMR Whales too. They want both to succeed and have some leverage to make it happen.

That's certainly good, because I'm holding both

I took some profits but I am holding and mining. Mining is profitable right now. Before it was speculative. I'm waiting for $50-$60 USD before I sell some more

[aminorex]

You must factor in that some of the larger BTC Whales are XMR Whales too.

And for those who are not, the hour is getting late.  Soon it will not be possible to become a Monero whale.  The club doors are already beginning to swing shut.

[Anon136]

You must factor in that some of the larger BTC Whales are XMR Whales too.

And for those who are not, the hour is getting late.  Soon it will not be possible to become a Monero whale.  The club doors are already beginning to swing shut.

Whats a whale to aminorex? In the long term not just today.

[cAPSLOCK]

um...it's just a pump and dump.

I would agree that you are currently arguing with bulls that are exuberant in their irrationality, but about that statement I would say you are absolutely dead wrong which is why we have a coin with this amount of volume right now.

Could it be being pumped - yes.

Will it ever be dumped - yes.

But it is not just a pump and dump.  You either don't recognize that, or you have an agenda against it.  Which is it?

[cAPSLOCK]

Question to the active traders on Poloniex: is there an option to get notified when your order has been filled? I would like to prevent keeping my XMR and XBT on the exchange longer than strictly required. But don't like to manually check each day either.

Can't find the option on Poloniex, but maybe there is an external website that notifies you when a certain exchange rate is hit?

For Android devices there is the Monero status app.

[infofront]

I've seen a handful of people mentioning the possibility of XMR overtaking BTC. Is this just XMR fever talking, or is there some rational basis for this argument?

I see the odds of XMR overtaking BTC being close to nil. That said, I believe there's a high probability it could be a strong 2nd, overtaking LTC as BTC's "silver".

[cAPSLOCK]

I've seen a handful of people mentioning the possibility of XMR overtaking BTC. Is this just XMR fever talking, or is there some rational basis for this argument?

I see the odds of XMR overtaking BTC being close to nil. That said, I believe there's a high probability it could be a strong 2nd, overtaking LTC as BTC's "silver".

I generally agree with you. I have said from the beginning that it could be useful to have both a transparent blockchain and this sort of obscured blockchain running side-by-side. Yes there are ways that either coin could fill the shoes of the other but I don't think that is going to happen. I think Monero will be used primarily for wealth storage and private transactions and Bitcoin will be used primarily for transparent transactions and as an open blockchain. One difference between Monero and Litecoin though. Monero is not designed to be cheap. So I could see Moneros top price being a much greater fraction of bitcoin's price and litecoin could ever be. If I'm drunk enough I can even imagine scenarios in which  Monero is more valuable than Bitcoin per unit . In this case it wouldn't be Bitcoin silver  it would be Bitcoins Platinum. But as to it replacing Bitcoin? There's a lot of reasons that that seems silly to me.

[cryptimus prime]

I've seen a handful of people mentioning the possibility of XMR overtaking BTC. Is this just XMR fever talking, or is there some rational basis for this argument?

I see the odds of XMR overtaking BTC being close to nil. That said, I believe there's a high probability it could be a strong 2nd, overtaking LTC as BTC's "silver".

Basically LTC is a useless BTC-clone. It does not really offer anything special.

XMR brings a whole new dimension to the broader community, the first real digital form of cash ever made. Although I am following tis project for a while I needed a lot time to realize the implications fully.
This is just the beginning.

[aminorex]

I've seen a handful of people mentioning the possibility of XMR overtaking BTC. Is this just XMR fever talking, or is there some rational basis for this argument?

I see the odds of XMR overtaking BTC being close to nil. That said, I believe there's a high probability it could be a strong 2nd, overtaking LTC as BTC's "silver".

Either XMR fails catastrophically, or it surpasses BTC by a large margin: The use-cases and scalability of XMR cover a much wider range than BTC; most actors suffer for having their private financial details published indiscriminately.

It is only the limitations of bounded rationality and human linear thinking which assign intermediate outcomes the bulk of the probability mass.  The underlying fundamentals push the actual mass out to the tails.

[birr]

bounded rationality and human linear thinking... assign intermediate outcomes

I hate when that happens. 

[infofront]

I've seen a handful of people mentioning the possibility of XMR overtaking BTC. Is this just XMR fever talking, or is there some rational basis for this argument?

I see the odds of XMR overtaking BTC being close to nil. That said, I believe there's a high probability it could be a strong 2nd, overtaking LTC as BTC's "silver".

Either XMR fails catastrophically, or it surpasses BTC by a large margin: The use-cases and scalability of XMR cover a much wider range than BTC; most actors suffer for having their private financial details published indiscriminately.

It is only the limitations of bounded rationality and human linear thinking which assign intermediate outcomes the bulk of the probability mass.  The underlying fundamentals push the actual mass out to the tails.

I can see a future where Joe Six-Pack, who doesn't know or care much about the benefits of anonymity, uses BTC. Meanwhile, his twenty-something son, who lives in the basement, is buying LSD and MDMA with XMR.

Now, if the taxman starts coming after Joe Six-Pack and his BTC wealth, that significantly changes things.

The benefits of XMR must be powerful enough and known well enough to be able to overcome BTC's first mover advantage and blockchain add-on functionality for it to be used preferentially in licit transactions.

[smooth]

Bitcoin is not going anywhere man. In terms of network effect ...see below...  it trumps all other alts

Yes

...from above... and security

I dispute this, or at least dispute the magnitude of leadership at a minimum (it may still be more secure than any alt, but it just very hard to assess). Highly centralized mining isn't all that secure. Hash rate (i.e. energy burn) doesn't tell the whole story.

[Globb0]

Quantum computing is marching on too. Its all technology based so some truly significant change in technology standards could definitely also have an unknown effect.

[explorer]

About miners dumping.  The current daily emission is a bit over 7700/day.  Almost every 15 min candle is way above that.  During this last dump there was a 15min red candle of just under 200K and during the rise before it there were 2 green candles of >200K.  Ofc having a higher % of mined coins being sold quickly will have some affect but I just don't think it's all that much.  The other way to look at it is how many new coins/day does the market want?  Does the addition of maybe 2K/day to be sold make much of a difference in the market now?

I started mining again with my super computer about 6 weeks ago because I smelled something in the air.  At 35H/s I currently own 0.0001% of the network HR and have accrued 0.3 Monero.  Doesn't sound like much but with this I have doubled my holdings.

That's nothing on my mining operation.  I'm pulling a steady 8 H/s, with sometimes spikes up into the teens!  So far it hasn't returned anything, and that's after months and months.  I think it's just too powerful, and the blocks I mine just vaporize or something.

Current network rate of 37.94 MH/s  OMFG.  its about time.

[aminorex]

You must factor in that some of the larger BTC Whales are XMR Whales too.

And for those who are not, the hour is getting late.  Soon it will not be possible to become a Monero whale.  The club doors are already beginning to swing shut.

Whats a whale to aminorex? In the long term not just today.

If you want to enter or leave the liquidity pool with more than 5% of the daily churn, you're going to make a whale-sized wave of one sort or another.   In BTC today that is ~10k. So, in the 2-3 year span beyond which I do not like to make quantitative predictions, that would seem a good benchmark for the Monero whale.  I don't think XMRBTC parity will happen by then, but close-ish, maybe half.  And the crypto market volume will be roughly evenly divided.

Who might reasonably want to move $5mm in a single day?  Someone buying a nice retirement villa, or investing in private equity -- or a company funding off-shore operations or making a capital equipment purchase.  Probably no less than 20mm usd net worth...more like 100mm.