[XMR] Monero Speculation

[Gash]

is this the new exponential trend channel XMR is bound to for the next several months?

Lol these chart "patterns" get more and more ridiculous.
You should try to get into the fortune teller business.

Uh oh, I swear this has nothing to do with the parabolic curves. Use the right environment, all signs have been and are there.

On a side note, "channel" is called this way because of the necessary presence of channel and support trend lines. Those two determine the boundaries of a channel.

With no channel line, u look at a shanel. Thick or thin. Not a "channel".

Price moves contained within the parabolic support and channel trend lines do follow the rules of the traditional channels. Except that at one moment in time when the steepness of the curve stops affecting time range (the arc is about to bend over itself), higher breakout points are final. In linear channels price may back and fill, consolidate below the trend line, chase it, fuck with it and break it.

Fucking with parabolic curves is more seldom.

Let alone hundreds of channels in the daily, theres only one hagopian line / parabolic curve crossover expected to happen not later than july 25. Fact.

XMR would need a parabolic breakout to resume the uptrend either within the downturn kiss (V-bottom shape is probable), or within a chop.

Ranging means more time, approximately till late august 2017.

That would be the future date when the drawn-out price action meets the three-year old ascending parabolic curve.

The best and the most preferable option is to aggressively slip and kiss the curve now or later in december, in which case the price will be sensitive to rejection with a pulling force and might back up immediately.

This would be suggestive of the uptrend continuation in mid/ late january.

[Gash]

GUI!!!

when?

Compile it. Its on github. Simple.

[astmandu]

The battle to stay above/below .0090 is brutal. Which side will win?!

[kurious]

The battle to stay above/below .0090 is brutal. Which side will win?!

That probably depends on Bitcoin and / or the GUI.

Bitcoin drops - the bulls win, Bitcoin rises - the bears hold sway (for now). The fight is because of neither side winning (for now) news may come, but until then (short term) the BTC price is probably the biggest deciding factor.

[dazedfool]

The battle to stay above/below .0090 is brutal. Which side will win?!

over 0.0090, i base this on rock solid unfounded speculation

[owlcatz]

GUI!!!

when?

Compile it. Its on github. Simple.

I am running it now on a linux laptop, it's beautiful and it even seems to work so far, but i've only sent myself 1 xmr, i haven't tried sending it back yet to simplewallet.

Edit - I transferred it succesfully back to simplewallet, but I set the default security level to the highest and it says the txid has a mixin of only 4, so I guess there are bugs still.

Cheers all.

[bbc.reporter]

All this talk about the necessity and convenience for mass adoption is nonsense at this point in time.

Mass adoption in the literal sense is a long way out. The only group that matters at the moment are people who are already into crypto or curious enough to venture into it. They are few, and their hearts and conviction will have to be conquered.

It is them who will be the ambassadors for when larger adoption actually becomes a possibility. It is their choices which will be the choices of the masses. It is their competence which will help the rest of the world to ease into it.

The GUI is important, of course. However it is not important for the masses, but to help in carving out a sufficiently large group from this mess that makes up
crypto: Idealists, techies, economists, thieves, liars... and all the "normal" people stumbling into this space thinking WOW wtf is going on in here this looks cool!

Just as I did a few years ago.

A group (or market share for the cynics) large enough to gain the necessary inertia to rocket past the cesspool of failed money grabbing shiny shit projects that make up 95% of this habitat.

The people who keep saying mass adoption and daily mainstream use are deluding themselves. The system in place is already efficient and good enough, why is there a need to change it? There are some people who always evangelizes cryptocoins in the name of an ideology. That is fake because we should all accept that what brought us here is really our innate greed for wealth.

[mambamanagement]

"efficient and good enough"

[freedomgo]

All this talk about the necessity and convenience for mass adoption is nonsense at this point in time.

Mass adoption in the literal sense is a long way out. The only group that matters at the moment are people who are already into crypto or curious enough to venture into it. They are few, and their hearts and conviction will have to be conquered.

It is them who will be the ambassadors for when larger adoption actually becomes a possibility. It is their choices which will be the choices of the masses. It is their competence which will help the rest of the world to ease into it.

The GUI is important, of course. However it is not important for the masses, but to help in carving out a sufficiently large group from this mess that makes up
crypto: Idealists, techies, economists, thieves, liars... and all the "normal" people stumbling into this space thinking WOW wtf is going on in here this looks cool!

Just as I did a few years ago.

A group (or market share for the cynics) large enough to gain the necessary inertia to rocket past the cesspool of failed money grabbing shiny shit projects that make up 95% of this habitat.

The people who keep saying mass adoption and daily mainstream use are deluding themselves. The system in place is already efficient and good enough, why is there a need to change it? There are some people who always evangelizes cryptocoins in the name of an ideology. That is fake because we should all accept that what brought us here is really our innate greed for wealth.

That was intense dude, I am not greedy but I love to use XMR, it's greed after all because it can benefit the users or whatever your intention it does not matter at all as long as we can see it grow.

[Hueristic]

All this talk about the necessity and convenience for mass adoption is nonsense at this point in time.

Mass adoption in the literal sense is a long way out. The only group that matters at the moment are people who are already into crypto or curious enough to venture into it. They are few, and their hearts and conviction will have to be conquered.

It is them who will be the ambassadors for when larger adoption actually becomes a possibility. It is their choices which will be the choices of the masses. It is their competence which will help the rest of the world to ease into it.

The GUI is important, of course. However it is not important for the masses, but to help in carving out a sufficiently large group from this mess that makes up
crypto: Idealists, techies, economists, thieves, liars... and all the "normal" people stumbling into this space thinking WOW wtf is going on in here this looks cool!

Just as I did a few years ago.

A group (or market share for the cynics) large enough to gain the necessary inertia to rocket past the cesspool of failed money grabbing shiny shit projects that make up 95% of this habitat.

The people who keep saying mass adoption and daily mainstream use are deluding themselves. The system in place is already efficient and good enough, why is there a need to change it? There are some people who always evangelizes cryptocoins in the name of an ideology. That is fake because we should all accept that what brought us here is really our innate greed for wealth.

That was intense dude, I am not greedy but I love to use XMR, it's greed after all because it can benefit the users or whatever your intention it does not matter at all as long as we can see it grow.

The amount of the population that doesn't comprehend being altruistic or being selfless never ceases to amaze me but it really shouldn't if you are incapable of imagining something then you cannot believe in it. But until the majority of the worlds population understands this the species is doomed to extinction. I just can't imagine not understanding this naturally.

[dEBRUYNE]

GUI!!!

when?

Compile it. Its on github. Simple.

I am running it now on a linux laptop, it's beautiful and it even seems to work so far, but i've only sent myself 1 xmr, i haven't tried sending it back yet to simplewallet.

Edit - I transferred it succesfully back to simplewallet, but I set the default security level to the highest and it says the txid has a mixin of only 4, so I guess there are bugs still.

Cheers all.

What did the confirmation window say?

[nanobrain]

The amount of the population that doesn't comprehend being altruistic or being selfless never ceases to amaze me but it really shouldn't if you are incapable of imagining something then you cannot believe in it. But until the majority of the worlds population understands this the species is doomed to extinction. I just can't imagine not understanding this naturally.

There's no such thing as altruism. 

This is a useful primer http://www.humantruth.info/altruism.html but there's lots more social science, evolutionary psychology research if you prefer 'proper' papers and articles.

Its a bit of a downer but once you come to terms with this, its actually quite liberating.

[narcisco]

Now it seems the perfect time to buy with the price so low. The prices will explode in a few days when the GUI is released.

https://www.reddit.com/r/Monero/comments/5cks6f/jaxx_monero_integration_update/

[BlindMayorBitcorn]

Now it seems the perfect time to buy with the price so low. The prices will explode in a few days when the GUI is released.

https://www.reddit.com/r/Monero/comments/5cks6f/jaxx_monero_integration_update/

[kurious]

The amount of the population that doesn't comprehend being altruistic or being selfless never ceases to amaze me but it really shouldn't if you are incapable of imagining something then you cannot believe in it. But until the majority of the worlds population understands this the species is doomed to extinction. I just can't imagine not understanding this naturally.

There's no such thing as altruism.  

This is a useful primer http://www.humantruth.info/altruism.html but there's lots more social science, evolutionary psychology research if you prefer 'proper' papers and articles.

Its a bit of a downer but once you come to terms with this, its actually quite liberating.

Hmm... I understand the logical argument and I could advocate either side of the argument.  However, so called 'altruistic; or charitable things such as the act of giving are things I feel are positive and I don't want to give 'em up.  Yep, I will get a load of (narcissistic?) pleasure from my little nieces opening up their Christmas presents, but I would really rather the world kept a little charity in its heart.  

/ot

[Hueristic]

The amount of the population that doesn't comprehend being altruistic or being selfless never ceases to amaze me but it really shouldn't if you are incapable of imagining something then you cannot believe in it. But until the majority of the worlds population understands this the species is doomed to extinction. I just can't imagine not understanding this naturally.

There's no such thing as altruism. 

This is a useful primer http://www.humantruth.info/altruism.html but there's lots more social science, evolutionary psychology research if you prefer 'proper' papers and articles.

Its a bit of a downer but once you come to terms with this, its actually quite liberating.

Altruism is just a word wrapper, personally I would like to see everyone work for the common good which will positively effect me personally as the entire species benefits. It's quite simple actually. For some reason all your professionals do not list this reason.

    Neurochemical Rewards: The feel-good factor that comes with doing social good results from our evolved genetic program.

    Personal Pride: A person wants to feel good and justify themselves in their thinking of themselves as good, so that by helping others they create their own positive self-identity

    The Social Reward: A sometimes secret desire to be seen as good by others (The Goodguy Badge)

    The Want of Power Over Others: To help others is to affirm ones' own sense of power and control

[kurious]

Back to the speculation... Is seems BTC really wants to burst out through that 750 level (I watch Stamp's price), take off and have 2013 all over again.   

It may be brutal for XMR initially if it does, but I will not risk decreasing my stash by offloading anything but some play money to trade with.  I am pretty well-balanced in BTC/XMR and happy with it for whatever transpires.  Ok, I've set up low XMR buys with what powder I have left in case of bargains but I am sitting tight for now.   This does not mean BTC 'moon' is certain.... BTC does tend to confound (widely-held) expectations and let's face it, XMR is bearing up ok in spite of it all.

Either BTC bottles out and we benefit, or it rockets up and some of the smart money inside the foaming FOMO as BTC peaks takes profits and inevitably spreads into the best alts.  That includes XMR without a doubt, it's always been a good hedge against BTC drops.

The steady BTC rise - and it's been massive over the past year - has crept up rather than rocketed so far.  For me - now - it either rockets up very soon (within weeks) or it fizzles.

Faites vos jeux, mes amis.

[mnemonicsoup]

Is there any specific reason why BTC should "rocket up"?

[Flomess]

Is there any specific reason why BTC should "rocket up"?

It's very hard to distinguish between possible causes but the pump was led by chinese exchanges, so.. capital outflow due to yuan devaluation?
Just speculating but might actually be one of the real causes

[strawbs]

Is there any specific reason why BTC should "rocket up"?

It's very hard to distinguish between possible causes but the pump was led by chinese exchanges, so.. capital outflow due to yuan devaluation?
Just speculating but might actually be one of the real causes

And currency restrictions in India, perhaps contributing