[XMR] Monero Speculation

[Dafar]

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

1. I'd be way too rich if that happens
2. I'm not making bearish posts

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm

[ol92]

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

1. I'd be way too rich if that happens
2. I'm not making bearish posts

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm

+1
As somewhat monero (quiet)  supporter almost from the begining, I really appreciate your posts here to temper the somewhat over-enthousiast tone.

[wachtwoord]

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

1. I'd be way too rich if that happens
2. I'm not making bearish posts

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm

+1
As somewhat monero (quiet)  supporter almost from the begining, I really appreciate your posts here to temper the somewhat over-enthousiast tone.

In the beginning of the thread I was being called out for "trolling against Monero" https://bitcointalk.org/index.php?topic=753252.msg8506015#msg8506015 .

I'm extremely positive about Monero (only crypto I hold next to Bitcoin.  in total I only ever held 4 different cryptos (PPC and LTC are the others)). I was just calling out that even Monero is pseudo-anonymous (although vastly better than Bitcoin) and that theoretically zo-proof theorems are superior (although there isn't yet a practical way to initialize in a trust-less manner).

It happens when people get over enthusiastic and overly attacked by retards. They start to think that every counter argument is bad.

[TrueCryptonaire]

Monero is more than a coin. It is a cult.
It is the congregation of latter day elitists aka Monerians.

[infofront]

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

1. I'd be way too rich if that happens
2. I'm not making bearish posts

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm

I appreciate thoughtful posts that go against the typical circle jerking.

[Febo]

Thanks for pointing that out. The devs must be stupid not to have at least hundreds of thousands coins or more stored.

Most people sell after their investment or whatever is up several times what they bought for. There's a reason why people like Roger Ver became "famous" you know? Not many have the bravery to hold after a massive increase and generally speaking most of the time they'd be right not to.

I simply cannot believe that super smart people like the Monero Devs did not take any chance of accumulating a good amount of coins themselves.
There is nothing wrong about that in my opinion.
They have/had the perfect circumstances to buy coins when they were cheap and also know the upside potential. (therefore not sellout everything)

If Monero continues to rise and one of the Devs missed out I'll gladly hook them up with some coins..

Whoever bought coins whenever they did is their risk and reward.  You can never say that this dev bought coins at $1 and now are $10, so this was his reward and he got paid now.

Most Monero developers and also other community members that dont code worked on Monero for free. And not only that. Some even had expenses. Instead of buying plane tickets and hotel rooms in spring 2015 for famous "Monero Europe Tour" to promote Monero, they could rather spend that money to buy cheap coins that was at almost all time low at that time. $10000 at that time would bring 25000 Moneros. And that will be soon worth a million $.

That is main reason i get super upset when see someone bashing anyone that work hard for Monero. And i also then make lots spellings and forget to reread them and edit on time.

[coinism]

The next 12 months are going to be very interesting regarding the european and also american economy. Italy might hit the fan by mid next year, there's also the italian referendum late november, spain might need third parliamentary election, then there's the brexit after math, presidential election in france april-may, german federal election 2017, United States presidential election of 2016.. ECB meeting in oct dec etc.. None of my investments are in EUR markets atm except for some liquid as i like to hold and operate a few different currencies in different markets. EUR is far more likely to go down in value than USD within the next few years imho. USD will hold it's value as long as oil is being traded in USD & US economy stays relatively stable.
moved away from european markets, preferring US markets & european exo-eur markets sweden / norway. For currencies i see biggest upside potential for anon coins like Monero and will continue to hedge coins and currencies. I have little emotional attachment to coins and currencies in general these days, for me it's not like a football club, there can be more than one, there can be a healthy trading economy & different payment options.    

[N-rG]

I keep making the best calls ITT while everyone else is like.... "hurr durr hodl for 2 yrs and you'll be rich!" .... "monero is gunna replace bitcoin, derp!"  

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

+1

[OrangeP]

I keep making the best calls ITT while everyone else is like.... "hurr durr hodl for 2 yrs and you'll be rich!" .... "monero is gunna replace bitcoin, derp!"  

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

+1

Found this picture of Dafar:

[Azael]

Thanks for pointing that out. The devs must be stupid not to have at least hundreds of thousands coins or more stored.

Most people sell after their investment or whatever is up several times what they bought for. There's a reason why people like Roger Ver became "famous" you know? Not many have the bravery to hold after a massive increase and generally speaking most of the time they'd be right not to.

I simply cannot believe that super smart people like the Monero Devs did not take any chance of accumulating a good amount of coins themselves.
There is nothing wrong about that in my opinion.
They have/had the perfect circumstances to buy coins when they were cheap and also know the upside potential. (therefore not sellout everything)

If Monero continues to rise and one of the Devs missed out I'll gladly hook them up with some coins..

Seems likely that some Bitcoin core developers don't own that many Bitcoins either. I don't care if they do or don't.

One could argue that hoarding the coins yourself could have an negative impact on the development of the economy perhaps not even allowing it to grow. Sometimes less become more like with equity.

That's bullshit. The incentives should be aligned.

I know the Keynesians have tried to brainwash you but hoarding is never bad for the economy. That's a retarded notion.

Sure all economies are the same. Anyway how did that work out for Bytecoin?

[Anon136]

I quite like the idea of projects where the main dev(s) are holding a single digit percent of the currency supply. Like was previously mentioned, economic incentives. That's just my two cents.

[Azael]

Not convinced that his is a return to the bullish uptrend


More like a bull trap before continuing downwards

Yup...


0.0168 right now though... can we reach 0.018 today? If we can I'm out, I'm more convinced of a BTC spike during the next month over a XMR spike so I don't feel safe holding XMR. Could probably buy back a lot more if I sit on BTC

Lets go morning bump! It's possible that BURST profits are finding its way to a good XMR entry point (~0.016). Dream marketplace following the other DNMs to accept XMR is also great news.. but nothing that should re-ignite a pump. Great news nonetheless, and for the record I get my coke and ecstasy from Dream so it's nice to have an option to pay with XMR now

Got out at 0.01860 and got back in at 0.01705 with more XMR.


I keep making the best calls ITT while everyone else is like.... "hurr durr hodl for 2 yrs and you'll be rich!" .... "monero is gunna replace bitcoin, derp!"  


I can't wait for the Monero ETF... I'm sure regulators will love how XMR is completely hidden and the currency of choice for DNMs. I mean it only took so long to get them on board with an open public ledger and convince them that btc isn't just internet drug money.



Although my sentiment is changing, I'm surprised at how well XMR is holding up above 0.016.... consolidation? Right now I don't know if it's gonna break up or down. Probably down because all the moon kids are convinced we are going up no matter what (usually when people get rekt). But I think it's worth being in at the risk of a short term dip. At the very least XMR has more utility over LTC and should eventually have a higher market cap.

Looks like accumulation to me similar to Aug 23 to 27th.

I don't put build positions based on what X or Y does or says and I would reconsider strategy if I were you as you will lose sight of the bigger picture.

[Azael]

Not convinced that his is a return to the bullish uptrend


More like a bull trap before continuing downwards

Yup...


0.0168 right now though... can we reach 0.018 today? If we can I'm out, I'm more convinced of a BTC spike during the next month over a XMR spike so I don't feel safe holding XMR. Could probably buy back a lot more if I sit on BTC

Lets go morning bump! It's possible that BURST profits are finding its way to a good XMR entry point (~0.016). Dream marketplace following the other DNMs to accept XMR is also great news.. but nothing that should re-ignite a pump. Great news nonetheless, and for the record I get my coke and ecstasy from Dream so it's nice to have an option to pay with XMR now

Got out at 0.01860 and got back in at 0.01705 with more XMR.


I keep making the best calls ITT while everyone else is like.... "hurr durr hodl for 2 yrs and you'll be rich!" .... "monero is gunna replace bitcoin, derp!" 


I can't wait for the Monero ETF... I'm sure regulators will love how XMR is completely hidden and the currency of choice for DNMs. I mean it only took so long to get them on board with an open public ledger and convince them that btc isn't just internet drug money.



Although my sentiment is changing, I'm surprised at how well XMR is holding up above 0.016.... consolidation? Right now I don't know if it's gonna break up or down. Probably down because all the moon kids are convinced we are going up no matter what (usually when people get rekt). But I think it's worth being in at the risk of a short term dip. At the very least XMR has more utility over LTC and should eventually have a higher market cap.

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

That is the typical knee jerk reaction when somebody gets out before a surge.

[Azael]

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

1. I'd be way too rich if that happens
2. I'm not making bearish posts

It's a risky game you are playing. Your calls are gambling, nothing else. I think many with the same mindset were locked out for good after selling at 008 thinking that this was for sure the top and they would rebuy lower.

I hope the same happens to you, cuz I don't like your condescending tone towards investors/holders, you need to accept that not everyone is a trader.
And nobody gives a fuck about the success of your trades, so take your boasting somewhere else.

Agreed, but when you have 90% permabulls someone needs to balance things out. And I'm not even bearish on monero longterm

+1
As somewhat monero (quiet)  supporter almost from the begining, I really appreciate your posts here to temper the somewhat over-enthousiast tone.

Always important to hear bull and bear arguments on an investment.

[TrueCryptonaire]

Not convinced that his is a return to the bullish uptrend


More like a bull trap before continuing downwards

Yup...


0.0168 right now though... can we reach 0.018 today? If we can I'm out, I'm more convinced of a BTC spike during the next month over a XMR spike so I don't feel safe holding XMR. Could probably buy back a lot more if I sit on BTC

Lets go morning bump! It's possible that BURST profits are finding its way to a good XMR entry point (~0.016). Dream marketplace following the other DNMs to accept XMR is also great news.. but nothing that should re-ignite a pump. Great news nonetheless, and for the record I get my coke and ecstasy from Dream so it's nice to have an option to pay with XMR now

Got out at 0.01860 and got back in at 0.01705 with more XMR.


I keep making the best calls ITT while everyone else is like.... "hurr durr hodl for 2 yrs and you'll be rich!" .... "monero is gunna replace bitcoin, derp!" 


I can't wait for the Monero ETF... I'm sure regulators will love how XMR is completely hidden and the currency of choice for DNMs. I mean it only took so long to get them on board with an open public ledger and convince them that btc isn't just internet drug money.



Although my sentiment is changing, I'm surprised at how well XMR is holding up above 0.016.... consolidation? Right now I don't know if it's gonna break up or down. Probably down because all the moon kids are convinced we are going up no matter what (usually when people get rekt). But I think it's worth being in at the risk of a short term dip. At the very least XMR has more utility over LTC and should eventually have a higher market cap.

When Monero reaches the parity with bitcoin and goes beyond, please do not come here to post bearish posts.

That is the typical knee jerk reaction when somebody gets out before a surge.

The dumps are causing more harm to Monero than benefit. The fact that as someon farts and the price drops 30-40 % as a result is caused by mass human psychology.
The arguments the bears are giving are only two: 1) "Price rose XXX% it has to drop" or 2) "The GUI is postponed, time to dump".

While the arguments of bulls are: More markets are now accepting Monero. More Moneros has been mined than never before until this very moment and thus the inflation is dropping..
Which arguments are stronger - you be the judge.

[Kelvinid]

Not convinced that his is a return to the bullish uptrend


More like a bull trap before continuing downwards

Yup...


0.0168 right now though... can we reach 0.018 today? If we can I'm out, I'm more convinced of a BTC spike during the next month over a XMR spike so I don't feel safe holding XMR. Could probably buy back a lot more if I sit on BTC

Lets go morning bump! It's possible that BURST profits are finding its way to a good XMR entry point (~0.016). Dream marketplace following the other DNMs to accept XMR is also great news.. but nothing that should re-ignite a pump. Great news nonetheless, and for the record I get my coke and ecstasy from Dream so it's nice to have an option to pay with XMR now

Got out at 0.01860 and got back in at 0.01705 with more XMR.


I keep making the best calls ITT while everyone else is like.... "hurr durr hodl for 2 yrs and you'll be rich!" .... "monero is gunna replace bitcoin, derp!"  


I can't wait for the Monero ETF... I'm sure regulators will love how XMR is completely hidden and the currency of choice for DNMs. I mean it only took so long to get them on board with an open public ledger and convince them that btc isn't just internet drug money.



Although my sentiment is changing, I'm surprised at how well XMR is holding up above 0.016.... consolidation? Right now I don't know if it's gonna break up or down. Probably down because all the moon kids are convinced we are going up no matter what (usually when people get rekt). But I think it's worth being in at the risk of a short term dip. At the very least XMR has more utility over LTC and should eventually have a higher market cap.

Looks like accumulation to me similar to Aug 23 to 27th.

I don't put build positions based on what X or Y does or says and I would reconsider strategy if I were you as you will lose sight of the bigger picture.

It is quite possible the Monero is in the accumulation phase again. But it is much riskier than that in August.

[bitebits]

I do believe that monero is going to be the next bitcoin.

I wonder whether that is bearish or bullish. Can you elaborate?

[cAPSLOCK]

I do believe that monero is going to be the next bitcoin.

I wonder whether that is bearish or bullish. Can you elaborate?

lol /thread

[Dafar]

The dumps are causing more harm to Monero than benefit. The fact that as someon farts and the price drops 30-40 % as a result is caused by mass human psychology.
The arguments the bears are giving are only two: 1) "Price rose XXX% it has to drop" or 2) "The GUI is postponed, time to dump".

While the arguments of bulls are: More markets are now accepting Monero. More Moneros has been mined than never before until this very moment and thus the inflation is dropping..
Which arguments are stronger - you be the judge.

I don't think the arguments are mutually exclusive. The bear argument in your example is a trader's argument who is trying to use the volatility to scalp profits. There is no law that forces the price to move a certain way when it rises XXX% or vice versa, but there are thousands of traders who are looking at the same chart and using the same indicators to make their moves, it kind of creates a self fulling prophecy that moves these markets in a somewhat predictable fashion-- I'm using somewhat loosely, to say it's predictable would be a lie. The same person who thinks the price will drop over the next week can also think the price will be significantly higher next year. So the bear vs bull argument isn't black/white. If you are a long term holder who doesn't care about the short term fluctuations then you have nothing to worry about.

[TheKoziTwo]

I'm a bit afraid that the dev team made their cash and are not so much in business to develope the GUI.

I mean i could do this with java in 2 days. I dont unterstand whats their problem here...they have had now 2 years.