[XMR] Monero Speculation

[dEBRUYNE]

Posting this for visibility regarding the AB withdrawal issues:

https://www.reddit.com/r/Monero/comments/55wqgd/oasis_scammed_exit_ab_monero_withdraw_doesnt_work/d8eu31k

[medusa13]

market definetely interesting, also yesterday. decent amount of shorting going on, looks like those 2x 20k sells have both been lended coins.

i cant rule out a capitulation spike down, but sellers will probably regrett dumping in panic.

regarding the gui: the unofficial beta should be able to send and recive money, not a lot more. meanwhile the guys working on the GUI etablished a nice worklflow, which speeded up progress in the last 2 weeks. also we have a new contributor (https://github.com/Jaqueeee/monero-core), which definetely knows what he is soing and made some nice pull requests allready.

right now the transaction history and the settings page is in the works.

[N-rG]

meanwhile the guys working on the GUI etablished a nice worklflow, which speeded up progress in the last 2 weeks. also we have a new contributor (https://github.com/Jaqueeee/monero-core), which definetely knows what he is soing and made some nice pull requests allready.

https://github.com/Jaqueeee/monero-core/commits/dev

Good signla from AB:

[Febo]

Every market used BTC. BTC has already a market outside of DNM.

It has other markets and other dark markets. But there are 44k BTC lying on that wallet. And this market is gone. There is no sign of any XMR there.  In general from your posts no one wanted to trade XMR on Oasis anyway.  And this people traded on Oassis will now start selling vegetables on their local vegetable marketplaces.

That is all wrong. Traders on Oassis will move to other dark markets and  all darkmarkets will start using offering their users a currency that they will most want.  It is just a matter of time.  If 100 darkamarkets close there will come 100 new one. Only one who should fear of it is BTC. Since this stolen coins might get dumped on exchanges.

For the price of XMR I see problems in Marketing (not existent), Communication (soon TM) and Usablity (Wallets).

Monero is a coin not a company. Monero dont produce anything so dont need to market anything to sell it. It yes needs to present itself as it is that si why people are writing of it and lately makes videos.
Communication that core team makes is just perfect. No one will know even 1 hour before the  GUI will be announced, altho anyone can see how work progresses. I see this highly professional.
Monero works for more then 2 years now so usability exist but is far from perfect. Constant development shows us Monero will get there.

[Anon136]

It looks like there is some sentiment around 0.012.

[novag]

All coins is red, so just btc small up.

[kurious]

It looks like there is some sentiment around 0.012. Someone or someones seem to think this is a line in the sand.

I agree there is a scrap on - and as Nano said 0.0124 is around a fib retracement level from the top, so I'd love to think it would hold.

However, we have not had that one last capitulation spike down and one more determined shorter may try.

We may even need a spike down that doesn't work to establish a real bottom.  Or an event (official GUI? / DNM demand evidence?) to lift us.   Between now and December we could still see further lows if BTC spikes up, or volume stays at this level and there is not enough willingness to buy it back up convincingly.

Even medium term I feel sure we will be healthily above these levels - certainly by spring. But right now there is no urgency for new money to buy in before an obvious turn has taken place.  I am holding and placing buys to catch any falling knives that could take us way under 0.01 - but it is true we are now low enough for most people to see it as cheap coins.  Under 0.01 (even if it comes) will not last long. I think too many people are ready to buy the hell out a bargain like that.

IMHO:

Anyone who hasn't already sold should hodl now - but keep a little on the side and watch for a real bargain if it comes....

[mfqrs3]

Too much people are waiting to buy at 0.01 or below, that's why I think it won't happen.

[Dafar]

Too much people are waiting to buy at 0.01 or below, that's why I think it won't happen.

I'm definitely one of them... not putting a penny in 0.012 when the trend is clearly down

[olcaytu2005]

Don't forget there are new competitors coming into market. Privacy wise zcash is being hpyed for more than 2 years now and given it will have very small amount of coins for at least a year it might push Monero down. There are also other competitors on the market such as Augur and upcoming Iconomi where people would dump to catch the train, perhaps. So if there are not any huge news, I think price will keep falling, but to what extent I can't say. 0.01 seems to be where most of you would like to buy but I would wait for 0.008.

[TrueCryptonaire]

Don't forget there are new competitors coming into market. Privacy wise zcash is being hpyed for more than 2 years now and given it will have very small amount of coins for at least a year it might push Monero down. There are also other competitors on the market such as Augur and upcoming Iconomi where people would dump to catch the train, perhaps. So if there are not any huge news, I think price will keep falling, but to what extent I can't say. 0.01 seems to be where most of you would like to buy but I would wait for 0.008.

I do not know about others but I am not dumping XMR to get some other coin. If I want to invest in something else, I buy it with btc which I buy with fiat.

[strawbs]

I'm keeping all of my Monero. I remember BTC in 2013....

[Febo]

Don't forget there are new competitors coming into market. Privacy wise zcash is being hpyed for more than 2 years now and given it will have very small amount of coins for at least a year it might push Monero down. There are also other competitors on the market such as Augur and upcoming Iconomi where people would dump to catch the train, perhaps. So if there are not any huge news, I think price will keep falling, but to what extent I can't say. 0.01 seems to be where most of you would like to buy but I would wait for 0.008.

14% of ICONOMI found will be XMR.  So those of you who plans to buy 300k+ XMR keep in mind that XMR is on radar of everyone now. They already have 7k BTC that was collected to much for this found. So that mean 1000 reserved to buy XMR.  and they did not started operating.  ICONOMI is not a competition to crypto like Monero. It is a way to bring fresh fiat into crypto like Monero.

[N-rG]

Well I've been poor longer than anybody here so it's going to take quite an effort to "save" me.

WTF 136 now?  Looks like I missed my chance to sell @120

Ya u missed to sell at 136

For the ones who didnt sell earlier i would strongly recommend to baghold now. Chance to high that all are going in now an the price is exploding.
Hehe I feel to do a 1250 BTC long

[bitwolf]

I don't get why the markets like kraken say officially that "they accept only small number of coins and doesn't want to expand more" (again their support said that answering my ticket why they don't accept monero)   but still  the little speculative f..ks accepted this new coin Augur or whatever s**t it is.  In the crypto world nothing makes sense.  1% of people have like 90% of the markets and capital and they decide which coin is going to have a better price. Monero is the only fair launch and distribution coin that actually made it through the filter and they want to suppress it again.

[N-rG]

14% of ICONOMI found will be XMR.  So those of you who plans to buy 300k+ XMR keep in mind that XMR is on radar of everyone now. They already have 7k BTC that was collected to much for this found. So that mean 1000 reserved to buy XMR.  and they did not started operating.  ICONOMI is not a competition to crypto like Monero. It is a way to bring fresh fiat into crypto like Monero.

Proof pls. And when they want to get in?

[owlcatz]

14% of ICONOMI found will be XMR.  So those of you who plans to buy 300k+ XMR keep in mind that XMR is on radar of everyone now. They already have 7k BTC that was collected to much for this found. So that mean 1000 reserved to buy XMR.  and they did not started operating.  ICONOMI is not a competition to crypto like Monero. It is a way to bring fresh fiat into crypto like Monero.

Proof pls. And when they want to get in?

You need to get out and read more, the links are all in Febo's signature. 

[Febo]

14% of ICONOMI found will be XMR.  So those of you who plans to buy 300k+ XMR keep in mind that XMR is on radar of everyone now. They already have 7k BTC that was collected to much for this found. So that mean 1000 reserved to buy XMR.  and they did not started operating.  ICONOMI is not a competition to crypto like Monero. It is a way to bring fresh fiat into crypto like Monero.

Proof pls. And when they want to get in?

https://ico.iconomi.net/about-icnx-index


When ready. They had not started basically. Plan is Q4 2016 But since now already have 7k BTC might faster. i am sure more will be known next week after platform tooken will be distributed.

[Hueristic]

My crappy CPU (actually love my 1600T, just no aes-ni) finally finished mining enough ETC to Deposit on polo! So I took the dust and shorted for the first time ever I think. Made more DUST!!!

[wpalczynski]

It looks like there is some sentiment around 0.012.

It was some critical FIB level but now its broken pretty hard.  Where is the next strong support , around 0.007xx??