[XMR] Monero Speculation

[adolf512]

Looks like i was a complete idiot. Why didn't i sell in time?

[cryptodromeda]

I sold all of my XMR during that epic pump and I am now waiting to buy back in. I think Zcash will rocket to the top 5 coins pretty fast after it launches. Zcash is an obvious cash grab but has some serious hype and well-known backers. Wondering how bad it will hurt XMR's prices? My current plan is to wait for it to launch and if XMR drops I buy some cheap coins.

Realistically ZCash is unlikely to affect XMR's price at all. If anything, it will probably move XMR upwards, as despite the ZCash hype, Monero is still the better coin. We often always saw XMR and DASH moving together despite the perceived rivalry.

I don't see how ZCash could be a Top 5 coin pretty fast though. That would mean a marketcap of above $100,000,000 but the limited supply would imply ludicrous unit prices that wouldn't be sustained.

It does not matter if XMR is a better coin... All that matters is hype and marketing in this area. No other coins have much real world usage besides BTC and even that is pretty low. Look at ETH's price...lol that coin is a joke these days and still has high prices.

Agreed, but that's what it really comes down to: The only thing ZCash really has going for it is hype.

I still don't see how it can be a Top 5 coin though, either on the short-term or on the long-term. In order to be a Top 5 coin the price would have to be ludicrously sky-high, in which case everyone dumps, and it thereafter exits the Top 5.

[carlfebz2]

Did someone read this about Poloniex is possible to get hacked?

Every exchangers  are  prone on it the same on the  previous  exchangers that have  been  hacked . As  ive read on the  link , theres still a possibility  thats why we should not   store  huge amounts  on our exchange wallets. I hope it wont happen because   it would surely dump again  bitcoins price like  on bitfinex incident. Regarding on XMR even though  it dump somehow it would surely  go rise again.

[SalmonBraker]

Looks like i was a complete idiot. Why didn't i sell in time?

You little bitch are going to get cold feet like all bitches do 
I already see ya little bitch selling your XMR and wining "why did i sell, the price is raising!"
BITCH!!!

[ArticMine]

...
It does not matter if XMR is a better coin... All that matters is hype and marketing in this area. No other coins have much real world usage besides BTC and even that is pretty low. Look at ETH's price...lol that coin is a joke these days and still has high prices.

Over the short term: Yes. Over the long term: No.

[CoinCidental]

Most here had the opportunity to sell at 0.02 but no one did. At 180 no one did at 135 no one did. You had your chance to make money and you failed hard. And you will fail again if a new ATH will come 

Am I alone when i say that i think that the bottom is reached? 150 looks pretty stable atm there are no more panic sellers who are selling their coins with loss -seems to me. I think now its a good time to reinvest.

Genius.

LOL. 

The delusion is strong in this one. Time to re-post this I think:

I think we need this again! 

[nioc]

Greetings from my Monero mountain house.  Presently having a cup of tea before doing some work here in preparation for the winter. Be back soon

[mnemonicsoup]

Either some people here are incredibly small-minded and shortsighted or they are just FUD trolls. When I bought a few hundred Moneros during that small hype in March for 0.0027 and it went down afterwards to almost half of that, there were the same troll comments saying it's all over and that it will never recover. Now it's the same thing. Of course, everything is possible but it's highly unlikely that prices will not go up again and that there won't be more ATHs, no matter how low it goes now.

[KeyJockey]

Either some people here are incredibly small-minded and shortsighted or they are just FUD trolls. When I bought a few hundred Moneros during that small hype in March for 0.0027 and it went down afterwards to almost half of that, there were the same troll comments saying it's all over and that it will never recover. Now it's the same thing. Of course, everything is possible but it's highly unlikely that prices will not go up again and that there won't be more ATHs, no matter how low it goes now.

LOL, yeah agree.

The thing is, that last Huuuggee Spike was orders of magnitude more than XMR ever had before so it's brought in more newbies who bought in at the most recent ATH, and so NOW they necessarily have to look at it as though it's "crashed" to half it's value.

It's amusing to watch all this FUD and "ZOMG!!11!1 Monero's dying" nonsense from the perspective of an old-school two-years-ago HODL'er who stashed away most of his Moneroj at a basis price of under a dollar (thanks again, Risto, for the head's up 'way back when...!)

Anyone aware of XMR for more than about a half a year is hardly sweating this "crash" IMHO

It's nice to know now, finally, how all those early-bitcoin adopters feel, as they today are looking at $500+ price per BTC... AFTER having gone thru the $2 to $100 and crash-back to $50 cycle.

Just BUY what you can afford and god damn HODL, people!  Then you, too, can join the "This Is Gentlemen" contingent and stop sweating these piddly moves LOL

[N-rG]

Either some people here are incredibly small-minded and shortsighted or they are just FUD trolls. When I bought a few hundred Moneros during that small hype in March for 0.0027 and it went down afterwards to almost half of that, there were the same troll comments saying it's all over and that it will never recover. Now it's the same thing. Of course, everything is possible but it's highly unlikely that prices will not go up again and that there won't be more ATHs, no matter how low it goes now.

LOL, yeah agree.

The thing is, that last Huuuggee Spike was orders of magnitude more than XMR ever had before so it's brought in more newbies who bought in at the most recent ATH, and so NOW they necessarily have to look at it as though it's "crashed" to half it's value.

It's amusing to watch all this FUD and "ZOMG!!11!1 Monero's dying" nonsense from the perspective of an old-school two-years-ago HODL'er who stashed away most of his Moneroj at a basis price of under a dollar (thanks again, Risto, for the head's up 'way back when...!)

Anyone aware of XMR for more than about a half a year is hardly sweating this "crash" IMHO

It's nice to know now, finally, how all those early-bitcoin adopters feel, as they today are looking at $500+ price per BTC... AFTER having gone thru the $2 to $100 and crash-back to $50 cycle.

Just BUY what you can afford and god damn HODL, people!  Then you, too, can join the "This Is Gentlemen" contingent and stop sweating these piddly moves LOL

You are just wrong. BTC had a total different start up and environment. BTC was heavily used by darknet markets (not only silk road) and by other communites (hacking) and is still in use.

DASH is a great example. Adoption by nucleus market -> hype -> exit scam -> coin done. That DASH rose again was more due to a working community. The eco system of DASH was already there -> GUI. But sooner or later DASH will also disappear.

XMR still has no CT ring signature. Is still not 100% anonym. Has still no GUI. Even BTC had a GUI while it was used on Silk Road 1. Even the average drug buyer on today's markets are not nerdy enough to use the monero console. Sure XMR could get higher due to speculation. But not on hard facts and even less by usage. This coin is for speculation, that's why this Thread has more than 2000 sites

Zcash futures are already traded with 70$ https://www.bitmex.com/app/trade/ZECZ16
This will bost that coin at release to the top 5. That coin will get it's media attention. Nuclear destruction for monero would be a simultaneously exit scam by AlphaBay.

Btw. MoneroOnlyMarket still has only 13 offers   DreamMarket doesn't want it. So accept the fact, it's a speculation coin atm which is still 4x higher than average. There is enough room to go further down. And there is no security that XMR will recover. Everyone who says something different is just dubious

[mnemonicsoup]

NrG, why are you such a flip flopper? You are clearly just making propaganda trying to serve your own agenda. There is not a lot of people writing here but there are clearly more silent readers as there is hardly anything else about Monero speculation on the net. A few pages ago, you were saying the exact opposite.

You can't compare Monero to any other scamcoin, they're all just relabelled Bitcoins, perhaps with a few ad-ons. Monero is fundamentally new and solves many of the shortcomings of BTC. That is why it has been adopted by AB. Clearly, it will take some time now, Rome wasn't built in day. Also, you keep on talking about no GUI, if you would follow the development, you could see that the Beta is almost done. RingCT is announced for January.

If you were just a FUD troll but you keep on flip flopping, makes no sense...

[Shiroslullaby]

I would just like to point out that anyone trading Zcash at $70 is fucking crazy lol.

Has anyone done a good writeup of Zcash from a technical perspective?
I would actually be interested to see how it compares to Monero in terms of privacy/ security.
Isn't there an ability by the devs to use a master key to view any transaction? If this is true you would be crazy to use this coin for private transactions.

[N-rG]

That is why it has been adopted by AB

Exactly the same were praying DASH users about nucleus implementation   and when the exit scam came, everyone cried.

Clearly, it will take some time now

You repeat me.

you could see that the Beta is almost done

There is still no final offical GUI without java. End of discussion.

RingCT is announced for January.

As soon it is released, it is a buy argument. It's not released yet. Who knows if not a competitor appears in 3 month. Who knows if January will work.

You see, you make bet's on the future. You have no fundamental arguments. And that's what I say. Monero is a speculation object like all these so called "scam-coins"

When people say we will get 0.03 in 4 weeks they are just wrong. And to reach truecrypt's prediction of 10.000$ dollars.....ah actually it's totally useless to talk about that with you guys I just continue to post my predictions with fundamental analyses and see week by week that i'm mostly right

@Shiroslullaby

Why is 70$ crazy and 7$ for monero just too cheap? (i dont say 70 isn't crazy) It's supply and demand.

[sp_skeptic]

New guy here. I've been following the discussion for some months and finally want to put my thoughts out there.

The discussion is way too focused on the short term -- technical charts, what the whales are doing, where support and resistance are, etc. etc. Is anyone paying attention to what is happening in the outside world? The national debt, the federal deficit? Unsustainable debt everywhere? The impending Deutsche Bank collapse and the resulting contagion? Rampant money creation by the central banks? I could go on and on but you get the idea. That which cannot go on forever will, at some point, stop. I am one of many who expect a financial collapse far worse than 2008.

People looking for a safe haven traditionally flee to government bonds and precious metals. With the dollar itself collapsing, the former is not a viable option. Precious metals are an alternative but you'd better hold them in physical form - there is approximately 500X as much paper gold out there than physical. And the physical is a bother to obtain and store securely, plus it's vulnerable to confiscation as in 1933.

Cryptocurrencies are an ideal alternative. Security and storage aren't much of an issue, if you pay attention. Like gold, the supply of a given cryptocurrency is not inflatable. Of course we all know this. The general public doesn't, but will figure it out in a hurry when the time comes.

When the collapse begins people will be desperate for a safe store of value, and I expect an absolute deluge of money to be heading for cryptocurrencies. Everyone has at least heard about Bitcoin and it will be affected first but there will be spillover to other coins and I expect every decent coin to skyrocket.

This is where fungibility comes in. Precious metals are fungible, Bitcoin isn't, Monero is. The government could collapse Bitcoin tomorrow by announcing that certain Bitcoins had been used to buy drugs/pay a ransom/abet a terrorist plot, and were forfeit. Of course they couldn't actually confiscate the coins, but this would effectively keep them off the exchanges and people would always wonder whether their specific bitcoins were next. This would destroy Bitcoin.

So the deluge of money coming into cryptos will preferentially channel itself into the fungible & anonymous coins, of which Monero is the current front-runner.  These short term discussions about where Monero is going in the next few days or weeks are irrelevant. What will matter is how many Monero you hold, not how much you bought them for.

Just my opinion.

[KeyJockey]

You are just wrong... blah blah blah

Dude... whateva' bro.  Just get off it, already.  Ur wrong for all the reasons others already posted.

IAC no biggie to *me* personally as I have LONG SINCE taken my original starting-stake "bankroll" for XMR totally OFF THE TABLE.

Once you have at least one doubling of any coin in the bag, smart money says take it off and let the HOUSE MONEY "profit" just RIDE.

XMR could go to zero and it won't matter to me, it's all free cash at this point LOL so you ain't gonna generate any "fear" here with your dumb tactics.

Anyway IMHO there's no way it's gonna fail at this point.  The need for FUNGIBLE crypto for ALL USE CASES is getting well established more and more far *beyond* just the darknet markets.  

Even "normal" users of bitcoin alone are now finally waking up to the chain-analysis bullshit that results in basic user account services on sites like coinbase and circle getting SHUT DOWN for NO APPARENT REASON (i.e. somebody somewhere two or three addresses away from you, maybe ONE TIME happened to move some bitcoin thru a gambling website, ONCE, in the past, and now those coins found their way to your wallet, and so these idiot companies close you down for doing NOTHING WRONG, simply guilt by association).

The more and more THAT nonsense gets up on people's radar, the more then is EVERYONE gonna move to a truly anonymous coin.

Z-Cash may get some of that attention but IMHO any and ALL other anon cryptos (even stupid Dash, LOL) are going to take over from BTC's failure to be fungible at the protocol level.

ALL the anoncoins are likely to increase, as BTC dies slowly from lacking true fungibility.

Sure, it's gonna take time... and yeah for quite some time BTC will probably still lead the pack and prosper, maybe it'll even have one or two more 10X spikes if/when the Wall Street Money *finally* comes pouring in to the cryptocurrency space.

But the rising tide will lift all boats, and XMR is clearly positioned to be one of the biggest winners.  Not immediately, not "tomorrow" of course but certainly anyone who is smart enough NOW to at least SEE some of this potential, is well-positioned to get into this today, as these are seriously "EARLY DAYS".

Your bullshit FUD and "talking to yourself" sock-puppet nonsense ain't changing ANY of this for anyone here smart enough to know WTF is really going on.

So, go on -- git wit' ya now... GTFO and stop cluttering up this important thread with so much garbage, mm-kay?

The adults in the room wanna get back to talking about REAL future speculation about Monero here... LOL

[N-rG]

@KeyJockey

You write like a kid from the underclass. Anyway you are not the one who someone would give his money to. You have no fundamental arguments.

XMR could go to zero and it won't matter to me

i really totally believe you I heard TrueCrypt has some coins, maybe he sells them to you at zero for 10.

[hyc]

RingCT is announced for January.

As soon it is released, it is a buy argument. It's not released yet. Who knows if not a competitor appears in 3 month. Who knows if January will work.

It's been active on testnet for months now. The code is present and working in the 0.10.0 release, so everything you've stated here is false.

[N-rG]

RingCT is announced for January.

As soon it is released, it is a buy argument. It's not released yet. Who knows if not a competitor appears in 3 month. Who knows if January will work.

It's been active on testnet for months now. The code is present and working in the 0.10.0 release, so everything you've stated here is false.

lol

https://coincheck.com/en/blog/2375

The V4 hard-fork has been moved up to January 2017 due to the importance and fast development of the RingCT, a crucial feature that will provide safe transactions in a truly anonymous environment.

I really no longer wonder why it's so easy to earn money with cryptos 

[Shrikez]

-snip-

welcome to my ignore list XMRDude.

Not because of your speculation but because you being  an insufferable  dick.

you are just mad about yourself this picture perfectly suits to most of the people here and you also feel connected to this   idc if you or anyone ignores me here. The time proofs me correct over and over and over again. Most people here just hate me cause they fail and i am right and they focus their anger to me...it's not my fault that you fail, it is just you.

Most here had the opportunity to sell at 0.02 but no one did. At 180 no one did at 135 no one did. You had your chance to make money and you failed hard. And you will fail again if a new ATH will come  

http://imgur.com/a/jutw5

A real pity I lost most of them in a boating accident...

now GTFO of my face newbie... and this thread, ideally.

[nioc]

RingCT is announced for January.

As soon it is released, it is a buy argument. It's not released yet. Who knows if not a competitor appears in 3 month. Who knows if January will work.

It's been active on testnet for months now. The code is present and working in the 0.10.0 release, so everything you've stated here is false.

lol

https://coincheck.com/en/blog/2375

The V4 hard-fork has been moved up to January 2017 due to the importance and fast development of the RingCT, a crucial feature that will provide safe transactions in a truly anonymous environment.

I really no longer wonder why it's so easy to earn money with cryptos 

I don't know quite what you're trying to say but it seems that you are saying that hyc is incorrect about Ring CT being in the code now with 0.10

hyc is correct that the RingCT code is in the current 0.10 release and will be activated in Jan and will be mandatory in September.

Let me give you a tip, you don't have to question anything hyc has to say.  You also don't have to wonder if I sold as the answer is always the same.

Work is going well at the Monero mountain house and I am currently on my 4th cup of tea.