[XMR] Monero Speculation

[cryptimus prime]

Relax boy. Do you really think your 24h speech can influence anybody influential here? Or do such persons amuse themselves?
Regarding DNM, everybody can google and do a search for himself and discover what I posted, but here are some posts a month ago:

https://www.reddit.com/r/DarkNetMarkets/comments/50i1zn/who_else_is_going_to_be_using_monero_from_tomorrow/d746sk3?st=itvgohzy&sh=90387579
https://www.reddit.com/r/DarkNetMarkets/comments/4z26f3/why_i_will_not_accept_xmr_monero_as_a_vendor/d6sazoa?st=itvgnb6g&sh=c6d6d888

So who is now lying boy?
Relax and show us again how "much" money you made and how you will teach people trading and not to be poor.    

[alphahacktivist]

Next stop is 0.032 then back to 0.019- 0.021

What indicators lead you to this conclusion?  True, there are currently only 6500 BTC in sell orders between here and there, but it might still take some doing when more are added en route... Time frame?

a few weeks. all you need to believe in monero is look at its reddit page. everyone is developping something.

easymonero.com is a fiat to xmr pair like localbitcoins. true they are not yet ready, but they are working on it. always asking for help about what the community wants. they are even trying to develop a secure way of transaction. successful or not. they are trying. several people are jumping to build the gui wallet. the difference between eth, btc and xmr is eth has no values, just whales bailout. btc has no community, just usage. and xmr has found new use and adoption as well as a great community. true. it might be years before btc price is reached. but it also just needs 2 things for btc to collapse. 1. chineese govt ban btc exchangers. darknet transactions no longer safe in btc. the former is in discussion, the latter is on trial. remember china holds 85%-90% of the whole btc transactions.

[N-rG]

lol you notice what you post here?

There are vendors who discussing why XMR failed and why they are not going to use it (is that smart to post that with you long position?) and this vendors just agreed and explained why.

Random Vendor said:

Suddenly you don't have any sales anymore. Which is terrible if you want to have some continuity in your business.
50 or 100% price swings if we would start using Monero would just be horrible.

and this

being myself a user of lotmixing.org where i have swapped (they dont mix they swap) over 200 btc recently. i see no whatsoever use of monero. i dont understand it. i cannot save it to myself. there is no real stability. investors are pumping then will be dumping. same happened to etc, everybody was cheering then the dump happened and people lost lots of money. investment based i think the admins of those markets just saw an opportunity to bullshit people. they started a fud campaign, bought monero by the thousands and thousands. spread the news and the coin got pumped. there is still 7days left. they can then say, you know what we are not able to set up a proper wallet on the market. thus the coin get dumped. the admins buy again wait for a week and then implement the wallet and re implement monero again. thus spiking the price again high up.
who are going to be profitable? just the admins of those markets who are holding large amount. then will dump and crash the market and rebuy again for huge profit.
bitcoin is enough. play with other coins but dont put your heart into them.

Elisa replied:

Yeah exactly, for now for us, as vendors, it would be gambling instead of doing business.

Thats exactly what this vendor wrote me, nothing less or more.

Vendors are losing a lot of money with XMR and thats why they are no longer support it. Sorry buddy but you really have to work at your reading skills

Do it again

checked the board of AlphaBay.

Still no positive response about working XMR withdrawals.
Moreover the number of vendors accepting Monero is still low to decreasing:

Setting:

Stimulants - Speed
Level 5 - 10

Monero: 39
Bitcoin: 405

= 9,62%

XTC - Pills
Level 6 - 10

Monero: 40
BTC: 450

= 8,88%

Moreover I asked a vendor who offered both coins hows about XMR, thats the answer:

[Mast0rmind]

Next stop is 0.032 then back to 0.019- 0.021

What indicators lead you to this conclusion?  True, there are currently only 6500 BTC in sell orders between here and there, but it might still take some doing when more are added en route... Time frame?

a few weeks. all you need to believe in monero is look at its reddit page. everyone is developping something.

easymonero.com is a fiat to xmr pair like localbitcoins. true they are not yet ready, but they are working on it. always asking for help about what the community wants. they are even trying to develop a secure way of transaction. successful or not. they are trying. several people are jumping to build the gui wallet. the difference between eth, btc and xmr is eth has no values, just whales bailout. btc has no community, just usage. and xmr has found new use and adoption as well as a great community. true. it might be years before btc price is reached. but it also just needs 2 things for btc to collapse. 1. chineese govt ban btc exchangers. darknet transactions no longer safe in btc. the former is in discussion, the latter is on trial. remember china holds 85%-90% of the whole btc transactions.

+1

[cryptimus prime]

N-rG dude I have no time to write full time here like you, dance on for us.  

[Febo]

@N-rG
Is good to see that Elissa-Yamaha who was a month ago quite negative towards Monero decided to give it a try.
With last 2 weeks decrease in price of course people who have some XMR lost soem value, but when XMR grows will gain. Same as they did a month ago.


There are now 8-9% vendors on Alpha Bay offering sales in Monero?  That is huge if you ask me way over my expectations. I would expect drastic drop from first hype. But it seems i was wrong.

That means that Monero isnt longer the Money for the Darknet?

Monero was recognized by darkmarkets as most anon crypto. But Monero is not Money of the Darknet, but Money of the new Elite.

Looks like it is correcting, i guess between 0.014 and 0.013 (lost 100$). My guess is that the price will remain stable for a while and maybe later increase a lot.

Seems you were right from you very first post in this thread. Sadly you added quite soem more latter.



Usually increasing number of newbie or rarely used accounts with sudden increased activity posting in this thread brings only one thing.



In the mean time from Monero-dev IRC

<monero> [monero] fluffypony closed pull request #1159:
<monero> [monero] fluffypony closed pull request #1140:
<monero> [monero] fluffypony closed pull request #1149:
<monero> [monero] fluffypony closed pull request #1162:
<monero> [monero] fluffypony closed pull request #1163:
<monero> [monero] fluffypony closed pull request #1171:
<monero> [monero] fluffypony closed pull request #1125:
<monero> [monero] fluffypony closed pull request #1165:
<monero> [monero] fluffypony closed pull request #1175:
<monero> [monero] fluffypony closed pull request #1177:
<monero> [monero-core] fluffypony closed pull request #22
<monero> [monero-core] fluffypony closed pull request #30:
<monero> [monero-core] fluffypony closed pull request #31:
<monero> [monero-core] fluffypony closed pull request #32:
<monero> [monero] fluffypony closed pull request #1181:
<monero> [monero] fluffypony closed pull request #1180:

[bitwolf]

Every coin incl. BTC is and was very volatile. Monero was about 1$ two years long and nobody said a word about it. In this time every coin was at least +-100% from its price incl. BTC. The Volatility matter is just another pathetic BTC- and ETH-owners FUD. They simply protect their investment with lies and market speculation 24/7. The  NrG troll with his BTCs is not a difference.

[N-rG]

hehe it is just so funny that some really claim that DNM and other criminal activities are not important for XMR .

Maybe to some nerds with no friends something like facebook, instagram and whatsapp never appeared to.

Ordinary people just give a fu*k about privacy. I could even imagine that some people wouldnt care if banks introduce visible accounts that everyone knows "hey holy fuck you have 12450$ on your account, nice but i have 15453"

You really thing that people like Kim Kardashian West or Pamela Anderson or whatever are ever using something more complicated than PayPal xD? They're not. They dont even know what copy&paste is. After trying to enter the wallet ID they give up.

A coin which purpose is to pay anonymously is obvs. much more important to illegal things.

btw. nvm i also thouhgt once FB will fail and didnt invest in their shares. Luckily i did with Google.

[Febo]

And to you N-rG. Does anonymity in Crypto matters to you?

[wpalczynski]

I have read around on DNM-reddit during the XMR price rise and the DNM announcement. What N-rG does not say is that the same vendor he cites here was anti-XMR from the very beginning.

Guess N-rG is just heavy in a short and sweating. The dumbest move is to show it so obvious, so everybody can see it.
But yes, some guys think XMR-whales are not so smart like them.  

Give proof or stop lying. Everyone here can make proof of the market development. So i gave valid information.

Now its your turn.

Give us the reddit link.

Edit: https://www.reddit.com/user/Elisa-Yamaha

So guys pay attention where you invest. Obviously ppl. like cryptimus Mast0rmindare either the same person or two guys with long positions and try to play their game.

It sounds reasonable. The meme that's being going around the community is that BTC is no longer secure. This is probably untrue. Vendors with reasonable op-sec is still serviced fine by BTC.

The DNM-pump was that.. an obvious pump. Alpha Bay even told users to buy, and they obviously need to unload some time. Hard to know their timeline for this.

Remains to see if it sticks around the DNMs, but I would not be suprised if the markets drop XMR slowly and won't pick it back up until it's needed more urgent. And for that to happen we'd have to see much more busts due to lack of privacy in BTC. But fungebility in BTC will improve over time also, so maybe XMR will never be needed.

Remains to be seen.

The biggest reason why DM vendors are reluctant to accept monero is the price volatility.

[TrueCryptonaire]

Personally I care anonymity, therefore I prefer using Monero. And I am not a customer in any dark market because I do not use drugs or buy stolen goods.
I am just an ordinary person who doesn't want to show others how much money I have. That's also one reason why I did not want to participate NRG's "who has the biggest dig" -games and reveal my wealth.

[adolf512]

It's obvious that the alphabay owners are manipulating the price, they bough a lot of XMR before they beginned to "support" it and now when they have sold(and possibly shorted) they will do what they can to bring the price down as much as they can, i would have done the same thing for sure.

I am now waiting for the price to plummet so i make a major investment in XMR(up to 6000$), the 67.5XMR i kept will not make me rich if the it goes to the moon, only make up for previous losses and more.

[nioc]

In the mean time from Monero-dev IRC

<monero> [monero] fluffypony closed pull request #1159:
<monero> [monero] fluffypony closed pull request #1140:
<monero> [monero] fluffypony closed pull request #1149:
<monero> [monero] fluffypony closed pull request #1162:
<monero> [monero] fluffypony closed pull request #1163:
<monero> [monero] fluffypony closed pull request #1171:
<monero> [monero] fluffypony closed pull request #1125:
<monero> [monero] fluffypony closed pull request #1165:
<monero> [monero] fluffypony closed pull request #1175:
<monero> [monero] fluffypony closed pull request #1177:
<monero> [monero-core] fluffypony closed pull request #22
<monero> [monero-core] fluffypony closed pull request #30:
<monero> [monero-core] fluffypony closed pull request #31:
<monero> [monero-core] fluffypony closed pull request #32:
<monero> [monero] fluffypony closed pull request #1181:
<monero> [monero] fluffypony closed pull request #1180:

I see that today 22 PRs merged from 9 different contributors.  Some are minor but useful contributions but what it shows is the ever increasing active development.  There is another coder working on the GUI.  Although I guess that last part doesn't matter as there really is no GUI and that reality gets proven every day.  (I'm working on my advanced trolling, showing support and knocking it down.  How did I do guys?)

In other news; I turned a little bit of dirty btc ( really no reason it should have been dirty but alas ) into Monero without the intention of turning it back into btc.

[litecoinricky]

I think monero will moon very soon, im not selling my XMR

[oOxenonOo]

Monero is one really strange acting coin, make me lose over 2BTC, was buy 2K for 1.14USD after 6 months price was just go down so i sell them, two weeks later price skyrocket..
Don't know is it smart to go on it ones more, if it will be used for dark web, price should be way over 8USD.

Think there should be at least one more XMR pump mid November, black market activity should rise late November-December, so i hope pump will be before that. Any opinion on this?

[moneyLooser]

lol you notice what you post here?

There are vendors who discussing why XMR failed and why they are not going to use it (is that smart to post that with you long position?) and this vendors just agreed and explained why.

Random Vendor said:

Suddenly you don't have any sales anymore. Which is terrible if you want to have some continuity in your business.
50 or 100% price swings if we would start using Monero would just be horrible.

and this

being myself a user of lotmixing.org where i have swapped (they dont mix they swap) over 200 btc recently. i see no whatsoever use of monero. i dont understand it. i cannot save it to myself. there is no real stability. investors are pumping then will be dumping. same happened to etc, everybody was cheering then the dump happened and people lost lots of money. investment based i think the admins of those markets just saw an opportunity to bullshit people. they started a fud campaign, bought monero by the thousands and thousands. spread the news and the coin got pumped. there is still 7days left. they can then say, you know what we are not able to set up a proper wallet on the market. thus the coin get dumped. the admins buy again wait for a week and then implement the wallet and re implement monero again. thus spiking the price again high up.
who are going to be profitable? just the admins of those markets who are holding large amount. then will dump and crash the market and rebuy again for huge profit.
bitcoin is enough. play with other coins but dont put your heart into them.

Elisa replied:

Yeah exactly, for now for us, as vendors, it would be gambling instead of doing business.

Thats exactly what this vendor wrote me, nothing less or more.

Vendors are losing a lot of money with XMR and thats why they are no longer support it. Sorry buddy but you really have to work at your reading skills

Do it again

checked the board of AlphaBay.

Still no positive response about working XMR withdrawals.
Moreover the number of vendors accepting Monero is still low to decreasing:

Setting:

Stimulants - Speed
Level 5 - 10

Monero: 39
Bitcoin: 405

= 9,62%

XTC - Pills
Level 6 - 10

Monero: 40
BTC: 450

= 8,88%

Moreover I asked a vendor who offered both coins hows about XMR, thats the answer:

https://s18.postimg.org/r1cuduknt/market.jpg

I'm reading this topic now since im invested in XMR, so since 3 weeks. Im not a person of words, but i felt to register to say thank you for sharing these informations. Makes me saving money after i lost so much

I also want to say thank you to dEBRUYNE who just ingores trash talk and posts information

[owaisted]

That means that Monero isnt longer the Money for the Darknet?

Monero was recognized by darkmarkets as most anon crypto. But Monero is not Money of the Darknet, but Money of the new Elite.

Can you elaborate why you call it Money of the new Elite???

[TrueCryptonaire]

Monero is one really strange acting coin, make me lose over 2BTC, was buy 2K for 1.14USD after 6 months price was just go down so i sell them, two weeks later price skyrocket..
Don't know is it smart to go on it ones more, if it will be used for dark web, price should be way over 8USD.

Think there should be at least one more XMR pump mid November, black market activity should rise late November-December, so i hope pump will be before that. Any opinion on this?

In my honest opinion the problem with many people is the deadlines: if the price doesn't rise by the end of 2016 at least to 70 usd, then I will dump and ask others also to dump it.
It might happen overnight that the price jumps 100 % (just like it happened when they announced the acceptance of D.N.M.) but such occassions are rare and very unlikely.
Very good example of the patience is GUI, but I am glad it will be ready soon.
Better to invest only the money you can afford to lose, and do not sell any just because nrg-troll asks you to sell. In the first place just buy the amount of coins you can comfortably sleep your nights without freaking out every 5 % move up/down.

[adolf512]

the 'troll' N-rG has also saved me money, i almost broke even(would have with better timing). I am very unsure much xmr can drop but probably between 0.01 and 0.003 at lowest. What i will do is simply to start buy when i consider the price to be good(below 0.01) and buy more if it drops more.

While the short term price is difficult to predict we see a general pattern where the price often appear to crash but later return up slightly lower, still going down in general. For this reason i would not recommend a stop-limit or panic selling, if you plan to trade do it with borrowed XMR(shorting).

Bagholding might be profitable if you wait long enough, but now the price is likely to go down a lot. You will not get rich by a 10x increase in price(best case scenario atm), the price needs to be a lot lower before i can make real money out of XMR and this is why i sold 70% at 0.0135

[Dafar]

Monero is one really strange acting coin, make me lose over 2BTC, was buy 2K for 1.14USD after 6 months price was just go down so i sell them, two weeks later price skyrocket..
Don't know is it smart to go on it ones more, if it will be used for dark web, price should be way over 8USD.

Think there should be at least one more XMR pump mid November, black market activity should rise late November-December, so i hope pump will be before that. Any opinion on this?

In my honest opinion the problem with many people is the deadlines: if the price doesn't rise by the end of 2016 at least to 70 usd, then I will dump and ask others also to dump it.
It might happen overnight that the price jumps 100 % (just like it happened when they announced the acceptance of D.N.M.) but such occassions are rare and very unlikely.
Very good example of the patience is GUI, but I am glad it will be ready soon.
Better to invest only the money you can afford to lose, and do not sell any just because nrg-troll asks you to sell. In the first place just buy the amount of coins you can comfortably sleep your nights without freaking out every 5 % move up/down.

Lol.... I think the only person who thinks XMR even has a chance of rising to $70 this year is you