[XMR] Monero Speculation

[nioc]

@OrangeP

You have no idead dude how uninteresting these markets are atm for companies like goldman sachs etc. We talk about 12 Billion Dollar. That is nothing for them compared to stock exchanges. You have to learn a lot about this business. Cause they earn money with capital investmens, share holding and stock rollouts like facebook. A companie like Apple could buy all currencies over night.

We are with crypto what internet was with 56k modem in the 90s buddys.

This is why I'm sure they are not in the game. The market cap. would be much bigger.
What I'm trying to say is that they will not join the game. They will try to kill it.

edit: I'm a long term "small"-bag-holder. I also trade with small amounts for over 3 years now (without any notable success yet).

...

To wit, the firm sees blockchain technology as nothing more than a “fundamentally new type of database technology.” And as far as Goldman’s interests are concerned such as high-volume commercial transactions and sharing data between partners, it expects private blockchains to reign supreme.

...

Maybe they mean internal blockchains, maybe they want a more confidential Bitcoin, maybe they want Monero, maybe they hedge a bit and keep an eye on all disruptive developments...

By private they mean internal, controlled by them or shared only with similar entities like themselves.  Just what Satoshi envisioned 

[vokain]

@OrangeP

You have no idead dude how uninteresting these markets are atm for companies like goldman sachs etc. We talk about 12 Billion Dollar. That is nothing for them compared to stock exchanges. You have to learn a lot about this business. Cause they earn money with capital investmens, share holding and stock rollouts like facebook. A companie like Apple could buy all currencies over night.

We are with crypto what internet was with 56k modem in the 90s buddys.

This is why I'm sure they are not in the game. The market cap. would be much bigger.
What I'm trying to say is that they will not join the game. They will try to kill it.

edit: I'm a long term "small"-bag-holder. I also trade with small amounts for over 3 years now (without any notable success yet).

...

To wit, the firm sees blockchain technology as nothing more than a “fundamentally new type of database technology.” And as far as Goldman’s interests are concerned such as high-volume commercial transactions and sharing data between partners, it expects private blockchains to reign supreme.

...

Maybe they mean internal blockchains, maybe they want a more confidential Bitcoin, maybe they want Monero, maybe they hedge a bit and keep an eye on all disruptive developments...

By private they mean internal, controlled by them or shared only with similar entities like themselves.  Just what Satoshi envisioned  

we could all be one big happy chain...

[aminorex]

Maybe they mean internal blockchains, maybe they're referring to a more confidential Bitcoin, maybe they want Monero, maybe they hedge a bit and keep an eye on all disruptive developments...

I can tell you this: Every single person from Goldman (and every other bank or prop shop or family desk or money manager) that I have spoken with mono-á-mono in the past 2½ years has bought some XMR for their personal.  Never more than a few thousand.  And I don't think any are selling yet.  If they were, I would mock them viciously: DNMs are step 1.  And we haven’t even made it half way through step 1 yet.  This thing has its best years ahead of it.  We can actually afford software now.

[dEBRUYNE]

MAAM #32 Monero Ask Anything Monday (Thursday)

https://www.reddit.com/r/Monero/comments/53z4ws/maam_32_monero_ask_anything_monday_thursday/

[Dafar]

I can tell you this: Every single person from Goldman (and every other bank or prop shop or family desk or money manager) that I have spoken with mono-á-mono in the past 2½ years has bought some XMR for their personal.  Never more than a few thousand. And I don't think any are selling yet.  If they were, I would mock them viciously: DNMs are step 1.  And we haven’t even made it half way through step 1 yet.  This thing has its best years ahead of it.  We can actually afford software now.

We know you're a perma-bull but are you just making shit up now?  


Next you're gonna say all these "professionals" / hedge fund managers prefer to invest in monero over bitcoin

[vokain]

I can tell you this: Every single person from Goldman (and every other bank or prop shop or family desk or money manager) that I have spoken with mono-á-mono in the past 2½ years has bought some XMR for their personal.  Never more than a few thousand. And I don't think any are selling yet.  If they were, I would mock them viciously: DNMs are step 1.  And we haven’t even made it half way through step 1 yet.  This thing has its best years ahead of it.  We can actually afford software now.

We know you're a perma-bull but are you just making shit up now?  


Next you're gonna say all these "professionals" / hedge fund managers prefer to invest in monero over bitcoin

Maybe I'm wrong but maybe that RPC FUD were pro hit pieces from an accumulator(s)

[CTTE]

I can tell you this: Every single person from Goldman (and every other bank or prop shop or family desk or money manager) that I have spoken with mono-á-mono in the past 2½ years has bought some XMR for their personal.  Never more than a few thousand. And I don't think any are selling yet.  If they were, I would mock them viciously: DNMs are step 1.  And we haven’t even made it half way through step 1 yet.  This thing has its best years ahead of it.  We can actually afford software now.

We know you're a perma-bull but are you just making shit up now?  


Next you're gonna say all these "professionals" / hedge fund managers prefer to invest in monero over bitcoin

Talking to wall street types specifically about Monero and it's advantages over Bitcoin is something Aminorex has talked about doing in his posts regularly over the past couple of years so, I have no reason to doubt him in this area.

[neilol-real]

I can tell you this: Every single person from Goldman (and every other bank or prop shop or family desk or money manager) that I have spoken with mono-á-mono in the past 2½ years has bought some XMR for their personal.  Never more than a few thousand. And I don't think any are selling yet.  If they were, I would mock them viciously: DNMs are step 1.  And we haven’t even made it half way through step 1 yet.  This thing has its best years ahead of it.  We can actually afford software now.

We know you're a perma-bull but are you just making shit up now?  


Next you're gonna say all these "professionals" / hedge fund managers prefer to invest in monero over bitcoin

Talking to wall street types specifically about Monero and it's advantages over Bitcoin is something Aminorex has talked about doing in his posts regularly over the past couple of years so, I have no reason to doubt him in this area.

I can second this, used to work in the industry - Many TMT and family office focused bankers/traders I know own some Crypto - Bitcoin, Ethereum and Monero in descending order of frequency. I'd be interested to know the same from the precious metals side of the house.

They mostly take the long tail risk adjusted value view many here have...crypto will either be huge or nothing in 10 years. Can't afford not to participate even only as a hedge against fiat

[aminorex]

We know you're a perma-bull but are you just making shit up now?  

Next you're gonna say all these "professionals" / hedge fund managers prefer to invest in monero over bitcoin

No.  And others who read this know some of them.  Some are well-known persons.  I don't think the majority of finance professionals with an interest in crypto prefer Monero over Bitcoin, but I do know that some of them do.  I don't know of any for whom Monero is currently a significant holding.  I.e. almost all of the upside in that market remains untested.  I do know that some of those who took small personal positions on my suggestion, and made large m-t-m gains, are increasing their positions, gradually.  If XMR persistently surpasses LTC, I may pitch it on a more formal basis to acquaintances in cases where I was previously reluctant to raise the topic, because of the small market cap.  Once it surpasses ETH, I doubt my intervention will be meaningful anymore, as anyone with any investment interest in crypto should know about it by then.

It is fair to call me a "permabull" in the sense that even when I have bearish short term views, I have persistent bullish longer term views.  In fact any short term views I may have, are very loosely held, because I don't generally have better information than the market, so I should in the main defer to the market on short-term discounting.  I think I have a better ability to grasp the bigger picture than the market has demonstrated, so I have stronger long-term bullish views.  So far experience has borne out my estimates regarding the longer term arc of Monero developments, but that is no guarantee of future performance.  I am perfectly capable of imagining extreme scenarios of upside which are highly unlikely to occur.  Yet I consider their possibility to be non-negligible, in general.

I don't think I have ever recommended anyone to buy Monero at a time when it would have taken them more than a year to double their money, if they did as I suggested, and DCA'd.  I was recommending BTC at very bad times, and it has taken years for those recommendations to come out from under water.  I felt bad about that, so I am more cautious now, when making recommendations.  I definitely do recommend buying Monero, here, now.  Anything under 0188 is cheap, IMHO.  Under $10, a steal.  If you are underweight, buy it.  In general, people with lower risk tolerance should expect to DCA over a year or more to minimize average draw-downs.

[OrangeP]

Even if you think that BTC/ETH/XMR will fail it may be mathematically appealing to invest.
The excellent risk/reward ratio allows to invest to some degree, even for fairly conservative approaches.

[N-rG]

You really talk about if monero is a risk/chance?

Guys I tell you what. Some years ago I had an interrail trip through EU.

On a Monday morning,after a interesting weekend, i was sitting in a Coffee Shop and met a really nice guy there.

We had a chat about how difficult it is to just smoke in Germany.
He said to me "ya i know a lot of germans buy at me"..
I asked him if its his shop here where we were sitting. He said "no, i just send it to them"

Than he told me all the story about DN. Due to this time i just sold my ebay shares and made a lot of money with that. I believed in the internet of things so i just bought some Bitcoins. They were so cheap, so why not put 10% of my profit into it. Years later i couldnt believe what happend

I made a new interrail trip and invited this guy to get in for free of course and we spend in 2 weeks thousands of Euros

Same dude told me 4 weeks ago about Monero.

What i want to say, stop think if it will rais. It already did and it will soon for sure more.

The only thing what you'll regret "soon", is that you didn't invest more Money into XMR.

[Anon136]

Even if you think that BTC/ETH/XMR will fail it may be mathematically appealing to invest.
The excellent risk/reward ratio allows to invest to some degree, even for fairly conservative approaches.

ETH abandoned its principles and so is bankrupt of legitimacy. That doesn't mean it cant succeed if peoples memory is sufficiently short but its like a specter hanging over the project. Not for me.

[zero1ten]

Is the current price pf Xmr at around .017 btc still viable to buy for a short term trade like a week or so? Im looking for altcoin to invest

"You can't tell til you bet!"

lol @ "short term trade like a week or so" + "invest"

bro

So patience really is a virtue especially for newbies like me.

For everyone, really

Thanks for the sarcasm and helpful reply to a newbie Sir Legendary

[TrueCryptonaire]

I treated myself by buying a few Moneros. Feels great to increase even a little bit my stake in the ledger.

[mambamanagement]

Is the current price pf Xmr at around .017 btc still viable to buy for a short term trade like a week or so? Im looking for altcoin to invest

"You can't tell til you bet!"

lol @ "short term trade like a week or so" + "invest"

bro

So patience really is a virtue especially for newbies like me.

For everyone, really

Thanks for the sarcasm and helpful reply to a newbie Sir Legendary

hey whenever he offers me advice I take it!
annoying as it may be he's very nearly always right

[N-rG]

btw to connect to the bankers discussion:

I only know 2 two bank managers and both predict and new crash of the system. When we look to the US its Clinton/Trump.
Look to the EU, its falling apart due to refugee crisis and missleading (Merkel).
Asia also have trouble. The poor and middle class is going to be left behind around the globe.

Reconsider than what happend in the financial crisis 2011. A lot of money streamed into cryptos and gold.

I see a solid future.

[bitebits]

Reconsider than what happend in the financial crisis 2011. A lot of money streamed into cryptos and gold.

I would say the contrary: surprisingly little money flowed into Bitcoin (and even less into 'alts'). 10 billion USD is slim to none really, which indicates the insane upwards potential.

Today there still is no such thing as a late adopter. The only question one can have if (non-government) cryto currencies will be adopted.

[OrangeP]

Monero might be the goto-currency to flee from seizure of governments.

[nioc]

btw to connect to the bankers discussion:

I only know 2 two bank managers and both predict and new crash of the system. When we look to the US its Clinton/Trump.
Look to the EU, its falling apart due to refugee crisis and missleading (Merkel).
Asia also have trouble. The poor and middle class is going to be left behind around the globe.

Reconsider than what happend in the financial crisis 2011. A lot of money streamed into cryptos and gold.

I see a solid future.

 

Maybe you are a clam.

Don't rely on bad, do good.

[nanobrain]

Maybe you are a clam.

I'm assuming you are not referring to the shellfish....could you explain the meaning and usage of the term 'clam'?