[XMR] Monero Speculation

[kurious]

 

Look back at history and see what happened to the overall computer revolution when things moved from CP/M and DOS to Apple's GUI and ultimately Windows.

I hadn't thought about it like that..good point.

Counter-argument - look at the rise of civilization. It depended on evolving from cave paintings to pictograms/hieroglyphics to alphabets. Relying on graphical icons is a regression. Textual written language is the most precise, expressive, and efficient way to communicate information.

That may be correct, and I can see your point - but for the masses?  It can be argued images are ubiquitous, even universal.  The written word is not as accessible. Plenty of people have never read a book since school - but nearly all regularly take in images, watch TV and films. 

[papa_lazzarou]

 

Look back at history and see what happened to the overall computer revolution when things moved from CP/M and DOS to Apple's GUI and ultimately Windows.

I hadn't thought about it like that..good point.

Counter-argument - look at the rise of civilization. It depended on evolving from cave paintings to pictograms/hieroglyphics to alphabets. Relying on graphical icons is a regression. Textual written language is the most precise, expressive, and efficient way to communicate information.

That's true. But I think he just meant that the drooling masses took over.

[KeyJockey]

Counter-argument - look at the rise of civilization. It depended on evolving from cave paintings to pictograms/hieroglyphics to alphabets. Relying on graphical icons is a regression. Textual written language is the most precise, expressive, and efficient way to communicate information.

It's a common misconception that a Graphical User Interface is necessarily more "picture based".  It's not really.  The main interaction of human to machine thru ANY computer is still always and primarily going to be TEXT.

We as a species are simply, vastly READING more and more than ever with the rise of computers.  The idea that computers are "killing books" or literacy is IMHO a totally wrong concept.

The truth is we are ALL just READING and READING and READING more and more, the more time we spend using computing devices.

Yes, we're not actually reading "a book" so much any more, since there's no need to limit exposure to text printed on paper bound by leather, LOL.

Case in point?  The number of browser tabs that I keep constantly open across three different browsers on three separate computers is clear testament to this fact, and I suspect the vast majority of people reading this "out there" are all in similar setup.

A GUI simply makes the formatting and presentation of all these words, words, words... so much better, and to include images too, and to enable different fonts and color and layout of the words for the user's easier consumption.

A CLI on the other hand that offers only white text on black screen and "one command at a time" can do a lot of the same things, sure, but MUCH LESS efficiently.

[Shiroslullaby]

In the case of payment systems, you REALLY need a GUI.
Ideally, you will be able to run them on a mobile device like a phone or tablet,
which do not lend themselves to keyboards as easily as they do a touch-screen GUI implementation.

[bitebits]

I speculate that:

- Aminorex returns at 0.018 (or 25$).
- rpietila returns between 0.006 and 0.004


Both have been overly bullish / bearish, at least for the short term. Who will we see return first?

[Hueristic]

I speculate that:

- Aminorex returns at 0.018 (or 25$).
- rpietila returns between 0.006 and 0.004


Who will we see first?

rpietila, but he'll be back talking his book again forgetting his last call was way off again as usual. But I would say we will see .018 before .004 again.

[kurious]

I speculate that:

- Aminorex returns at 0.018 (or 25$).
- rpietila returns between 0.006 and 0.004


Who will we see first?

rpietila, but he'll be back talking his book again forgetting his last call was way off again as usual. But I would say we will see .018 before .004 again.

I hope so...  We could see a December low go Risto's direction - but I can't see 0.004. Maybe a nasty dip if BTC sorts itself out and breaks 750 (looking unlikely now, but still possible)....   

Either way, no .018 this year, IMHO (the GUI won't take us that high when it eventually arrives) but I still think Spring will be good - and if I had to pick one of these targets to be hit first next year - I'd agree it's .018.

I'd like to see Aminorex back, I will forgive the 'Anything under 0.018 is a steal' stuff. I'll forgive Risto for his 0.006 - 0.004 prediction too. I don't think he was in a good place, to be fair.

Both might be wishing they hadn't spoken, but I miss these big guns. I'd probably never have gotten into XMR so early if it wasn't for them.

[KeyJockey]

...I'd probably never have gotten into XMR so early if it wasn't for them.

Same here... I miss Aminorex's posts even just for entertainment value 

As for Risto's 0.004 call awhile ago, I don't usually try to "trade" (just HODL) but on that one I'd decided to take a shot, and follow his advice, and I got totally OUT around 0.007 (I think it was), on that last downward-trend (which never did *quite* hit 0.004 did it?  I think we had, what, like 0.0055?).

But it was too painful not having ANY Monero anymore!  I hated the feeling!  Like going thru some drug withdrawal! LOL

I just couldn't stand the idea of maybe missing out on the next increase while waiting for that 0.004 bottom to come... so I got back IN again with the same amount, at around 0.006 and now just gonna stick back to the simple HODL philosophy again.

Trying to "time" this stuff is too hard, too stressful.  Much respect to you guys who can do it, but I've come to conclusion I can't handle it, LOL

SO... long story short: for what it's worth, even if Risto was "wrong" on that 0.004 call, I personally still made a little on it, dumping out at 0.007 and buying back same number of Monero at 0.006. 

And here we are now, back again at 0.010... so, it's all good 

[kurious]

...I'd probably never have gotten into XMR so early if it wasn't for them.

Same here... I miss Aminorex's posts even just for entertainment value 

As for Risto's 0.004 call awhile ago, I don't usually try to "trade" (just HODL) but on that one I'd decided to take a shot, and follow his advice, and I got totally OUT around 0.007 (I think it was), on that last downward-trend (which never did *quite* hit 0.004 did it?  I think we had, what, like 0.0055?).

But it was too painful not having ANY Monero anymore!  I hated the feeling!  Like going thru some drug withdrawal! LOL

I just couldn't stand the idea of maybe missing out on the next increase while waiting for that 0.004 bottom to come... so I got back IN again with the same amount, at around 0.006 and now just gonna stick back to the simple HODL philosophy again.

Trying to "time" this stuff is too hard, too stressful.  Much respect to you guys who can do it, but I've come to conclusion I can't handle it, LOL

SO... long story short: for what it's worth, even if Risto was "wrong" on that 0.004 call, I personally still made a little on it, dumping out at 0.007 and buying back same number of Monero at 0.006. 

And here we are now, back again at 0.010... so, it's all good 

Agree on Aminorex, one erudite guy that is...   And above 0.01 is better than I expected, so no complaints here. 

I am not sure it will hold all the way to Christmas, so yes, hold - but don't be afraid to place a few bids underneath, just in case...

Personally, if I do pick a little up on a dip, I immediately set up a sell a little higher for most of this 'play money' as it goes back up and aim to keep increasing the stash a little and cost average down.  It's a nice way to play and over time as XMR drifts up and down, you scalp a little here and there (if you're patient and not too greedy) without risking your position too much - and it adds up.  XMR oscillates way more than BTC, so 5-10% here and there on a small stash of play coins is not impossible....

[TrueCryptonaire]

Trading volume is down and in the mean time the daily trading range seems to get tighten. Soon there will be a breakup or breakdown. The odds for both are almost 50 % and what is left will be left for stability.

[mambamanagement]

Trading volume is down and in the mean time the daily trading range seems to get tighten. Soon there will be a breakup or breakdown. The odds for both are almost 50 % and what is left will be left for stability.

does your gut say up or down?

[TrueCryptonaire]

Trading volume is down and in the mean time the daily trading range seems to get tighten. Soon there will be a breakup or breakdown. The odds for both are almost 50 % and what is left will be left for stability.

does your gut say up or down?

It is really hard to tell short term.
In the mid term I think it will go up (spring is coming).
In the long term my gut says it will be 100 000 usd each.

EDIT: Sorry, I meant the price in the long term is 1 000 000 usd each for obvious reasons.  
EDIT2: Sorry, I meant the price in the long term is 10 000 000 usd each for obvious reasons.  

[mnemonicsoup]

How much would the Market Cap have to be for each one to be 100 000?

[bitebits]

How much would the Market Cap have to be for each one to be 100 000?

Supply times 100 000 (marbles?).

[KeyJockey]

Personally, if I do pick a little up on a dip, I immediately set up a sell a little higher for most of this 'play money' as it goes back up and aim to keep increasing the stash a little and cost average down.  It's a nice way to play and over time as XMR drifts up and down, you scalp a little here and there (if you're patient and not too greedy) without risking your position too much - and it adds up.  XMR oscillates way more than BTC, so 5-10% here and there on a small stash of play coins is not impossible....

Yeah that's probably a reasonable way to do it, but really only works with something like XMR in it's current state-of-being... basically this is the "BTFD" strategy (funny video here: https://www.youtube.com/watch?v=0akBdQa55b4 )

It works as long as the oscillations are fairly stable, but if/when there's a Big Dip you're screwed.  Go ask the ZCash early buyers how well BTFD is working for them, LOL, they're gonna be waiting forever to get back to their million-dollar coin LOL

OTOH if there's a Big Dip in XMR then HODL'ers are screwed too... so... no free lunch in any case I guess.

[phoenix rises]

Trading volume is down and in the mean time the daily trading range seems to get tighten. Soon there will be a breakup or breakdown. The odds for both are almost 50 % and what is left will be left for stability.

does your gut say up or down?

My gut says up as a result of BTC heading down. I think that is the fuel we are wiating for.

@KeyJockey -  thanks for your detailed review of the GUI. very cool  . Gonna wait for the compatable Daemon b4 trying the Windows version. Kinda glad I am at least experiencing the CLI version for a bit first too.

[kurious]

Personally, if I do pick a little up on a dip, I immediately set up a sell a little higher for most of this 'play money' as it goes back up and aim to keep increasing the stash a little and cost average down.  It's a nice way to play and over time as XMR drifts up and down, you scalp a little here and there (if you're patient and not too greedy) without risking your position too much - and it adds up.  XMR oscillates way more than BTC, so 5-10% here and there on a small stash of play coins is not impossible....

Yeah that's probably a reasonable way to do it, but really only works with something like XMR in it's current state-of-being... basically this is the "BTFD" strategy (funny video here: https://www.youtube.com/watch?v=0akBdQa55b4 )

It works as long as the oscillations are fairly stable, but if/when there's a Big Dip you're screwed.  Go ask the ZCash early buyers how well BTFD is working for them, LOL, they're gonna be waiting forever to get back to their million-dollar coin LOL

OTOH if there's a Big Dip in XMR then HODL'ers are screwed too... so... no free lunch in any case I guess.

I am holding about what I want to.  So, I am not selling to buy back, I am buying a few extra to sell my average down.  If I buy and can't sell it, I have extra to HODL, but if the chance to sell the extra comes I am not emotionally attached to it.  Works for me.   And a big dip is always possible.  Just make sure you have a few buys set 'just in case'.  It makes holding easier if you know you have a little bonus coming because of a sudden dip.

Long term Monero is a good bet, so it's not so stressful ;-)

[KeyJockey]

The harder decision for me lately has been what percentage of overall crypto to keep in BITCOIN versus MONERO.

XMR clearly has more long-term upward potential, from this current sub-$10 that really IMHO should already be $50-$100, and maybe even better short-term upward potential with possibly less downside too.

So, logically if true, that'd mean "all in" on ONLY XMR would be best, but I somehow can't bring myself to completely abandon Honey Badger either LOL

I still hold more bitcoin than anything else but my ratio of XMR/BTC probably really SHOULD be higher. 

Just can't really decide how much is "correct" lately

[CoinCidental]

Trading volume is down and in the mean time the daily trading range seems to get tighten. Soon there will be a breakup or breakdown. The odds for both are almost 50 % and what is left will be left for stability.

does your gut say up or down?

My gut says up as a result of BTC heading down. I think that is the fuel we are wiating for.

@KeyJockey -  thanks for your detailed review of the GUI. very cool  . Gonna wait for the compatable Daemon b4 trying the Windows version. Kinda glad I am at least experiencing the CLI version for a bit first too.

Btc probably more likely to up imo.... Bullish news from China

http://www.zerohedge.com/news/2016-11-26/china-unveils-new-capital-controls-freezing-ma-frenzy

[TrueCryptonaire]

It is possible to drive the price of Monero up by accelerating its demand. It is in the best interest of a large holder(s) to drive the price up since it is relatively cheap way to inflate the wealth of a Monero whale. And the rising price will attract more people into Monero which will further drive the price of Monero higher.
I agree Monero should be at 100 usd a piece currently so it is severely underpriced asset.