[XMR] Monero Speculation

[tifozi]

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

Could be, given dumpers have a historical tendency to come here with charts and all, trying to save everyone from the doom and gloom (after dumping of course   ). I never understood the logic of all the charts in cryptos. I guess it is part of the ammo of playing unsolicited financial advisor  

[1714624282]

1714624282

[1714624282]

1714624282

[1714624282]

1714624282

[1714624282]

1714624282

[neilol-real]

XMR now back to .0258 with a test of .027 on the way.

I agree as soon as we close a bar over .021

[rpietila]

In the old days, 100k ask was a legendary wall, 50k was a big one, and 25k sometimes got noticed.

On the buy side, more. Because BTC was easy to get and XMR was cheap.

where do you think xmr will settle by end of 2016?

I am not trading, so my opinion does not have effect. There is a poll on this. I last voted 0.011-0.016, but it was before the recent one. I think there is a big chance it will go back to 0.01-ish, but also a big chance it will go up, I see 0.1 realistic. Or anything in between. You can't know which one will happen, so you can as well forget about it and stay invested. my2cents.

[Anon136]

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.

[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.