[XMR] Monero Speculation

[equipoise]

It seems like XMR and BTC will break out at the very same time. How could you prepare if you only have XMR and some cash? I'm still resisting the temptation to sell all the cash for XMR and most probably I'll be sorry for that decision, but still wondering what you guys think about that? 

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[jwinterm]

It seems like XMR and BTC will break out at the very same time. How could you prepare if you only have XMR and some cash? I'm still resisting the temptation to sell all the cash for XMR and most probably I'll be sorry for that decision, but still wondering what you guys think about that? 

Apparently GUI is here, if that factors into your decision. From monero-dev on freenode this morning:

[06:17:27] <medusa_> hyc: win x86, x64 are good. os-x is good too
[06:17:32] <hyc> so that means we can finally do a public release?
[06:19:15] <fluffypony> yes
[06:19:24] <hyc> yay
[06:19:47] <fluffypony> we've been able to release for a few days, just been finalising environmental stuff and so on
[06:19:55] <fluffypony> (beta release)

Honestly I think there is going to be some dumping when the actual release is available and announced. Seems like that is always the case for some crypto release that has been built up for a while, and this is like that times one hundred. But, I'm typically wrong, so there's that, too.

[cryptimus prime]

After the GUI is released the XMR price will never be the same again.

The GUI enables a huge interested userbase to start using XMR for real and easy. Ring CT will follow after that and usually we all know that good news never come alone. I hope we get rid of a lot of dumpsters already now and leave them behind watching the price rocket.

[Febo]

GUI release will come with big red sign it is beta and not to store much XMR inside. But the beginning of January will bring added new things and more anonymity.  So I dont expect any drop from any reason at all. But just steady rise.

What i now wait and hope is to see Bitcoin over $800. I am not worried for Monero at all.

[cryptimus prime]

BTC may break out, I am just not so sure about the direction of the breakout. 

[kurious]

Loving the ping pong - enough volatility to hit a few of my sells and then drop a little so I can buy 'em back and accumulate MOAR!

XMR looking chipper though, Dotto - I trust you're well, Sir?

Fantastic, Kurious. A bit disconected from crypto this time, waiting for the big tide

Dunno how you make profit on tiny 1% shifts, don't the fees swallow all that?

I don't trade 1% shifts!  No need...  XMR regularly fluctuates 5% and more - it's been as low as 0.01034 - 0.01109 in the past 24 hours - and up and down like a yoyo for weeks.

[kurious]

looking for break out up here

At last someone posts a chart. On a speculation thread.

Respect +1

EDIT: although resistance at around 0.0124 might be tough to crack....  But with a GUI that is well received... I hope it will fall easily

[kurious]

Loving the ping pong - enough volatility to hit a few of my sells and then drop a little so I can buy 'em back and accumulate MOAR!

XMR looking chipper though, Dotto - I trust you're well, Sir?

Fantastic, Kurious. A bit disconected from crypto this time, waiting for the big tide

Hard to not feel connected for me. A bit of a screen / price ticker junkie I am sad to admit.  As for that big tide... Aren't we all?

[nioc]

looking for break out up here

At last someone posts a chart. On a speculation thread.

Respect +1

EDIT: although resistance at around 0.0124 might be tough to crack....  But with a GUI that is well received... I hope it will fall easily

Not just a chart but one with lots of lines!!!

How do you take into account the elephant with a Monero chart?

[dEBRUYNE]

Silicon Valley Monero Meetup [Update]

https://www.reddit.com/r/Monero/comments/5jesui/silicon_valley_monero_meetup_update/

[Hueristic]

It seems like XMR and BTC will break out at the very same time. How could you prepare if you only have XMR and some cash? I'm still resisting the temptation to sell all the cash for XMR and most probably I'll be sorry for that decision, but still wondering what you guys think about that? 

Apparently GUI is here, if that factors into your decision. From monero-dev on freenode this morning:

[06:17:27] <medusa_> hyc: win x86, x64 are good. os-x is good too
[06:17:32] <hyc> so that means we can finally do a public release?
[06:19:15] <fluffypony> yes
[06:19:24] <hyc> yay
[06:19:47] <fluffypony> we've been able to release for a few days, just been finalising environmental stuff and so on
[06:19:55] <fluffypony> (beta release)

Honestly I think there is going to be some dumping when the actual release is available and announced. Seems like that is always the case for some crypto release that has been built up for a while, and this is like that times one hundred. But, I'm typically wrong, so there's that, too.

WTF, always a day late and a dollar short. Lost all my play money playing poker last night. My timing is always the worst. Lol

BTC may break out, I am just not so sure about the direction of the breakout. 

I agree, I think there is gonna be alot of profit taking soon and then another bear.

[KeyJockey]

...

No we don't, the ability to have and hold value without monitoring is an inalienable right afa I'm concerned and i think everyone should hold that belief.

I agree. In addition privacy and anonymity are needed in order to ensure fungibility in crypto currencies, and fungibility is is a necessary requirement of money. Then there is of course the adaptive blocksize in Monero which ensures that there is no arbitrary limit on the number of transactions per second. 

People in this scene don't know how important and rare this is.

I think it takes quite a bit of study and "pondering" before someone really "gets it" about how XMR may, in fact, be the better bitcoin than bitcoin, or how it may be the so-called "Bitcoin 2.0" that everyone also always sort-of intuitively understands *might* need to evolve before a crypto-currency can really be successful.

Everyone always "just knows" that the first iteration of something is almost never the ultimate winner... Facebook rises on MySpace, Windows rises on Mac, VHS video rises on Betamax, etc etc.  Everyone "knows" this is usually what happens, but most people seem to be fairly blind to see where and how it may be coming.

Even now, I can hardly comprehend the block-size stalemate MAY INDEED be a death-rattle for bitcoin.  I can't believe that those people in charge of shepherding BTC into the future could *really* allow it to fail... but my eyes are not lying and it's over a YEAR longer than I ever IMAGINED the debate would be unresolved!  So...?  Have to imagine it might really be happening...

Yes of course they may still fix it, and maybe Monero will remain a niche experiment forever (albeit I think even then the value will rise quite a bit more yet).

But the idea that XMR's "different design" and all-original code-base fundamentally FIXES more than one serious design flaw that Satoshi overlooked in BITCOIN is more believable to me every day.

As is also the idea that when Satoshi said he was "leaving to pursue other things"... he may have been talking about CryptoNote... SN / NS = Satoshi Nakamoto, Nicholas van Saberhagen, etc etc.  Wouldn't surprise me at all... and IF TRUE?  Then buying XMR now might quite literally be "buying bitcoin again" at under $10 each...

[koryu]

At last someone posts a chart. On a speculation thread.

Respect +1

EDIT: although resistance at around 0.0124 might be tough to crack....  But with a GUI that is well received... I hope it will fall easily

looking for break out up here

At last someone posts a chart. On a speculation thread.

Respect +1

EDIT: although resistance at around 0.0124 might be tough to crack....  But with a GUI that is well received... I hope it will fall easily

Not just a chart but one with lots of lines!!!

How do you take into account the elephant with a Monero chart?

lol i am mainly lurking but once in a while i drop a chart in here when i am bullish ;-)

chart is a bit messed up, already removed many lines and most of EW counts. howsoever I see a good chance to break out up from here and make a leg up to at least 0.0137. the risk reward is okay.

For longer term i see no reason why xmr shouldnt go way higher once china adopts xmr, what i guess will happen sooner or later. I also see a scenario where xmr goes down before up but i give it a way lower chance.

[chennan]

...

No we don't, the ability to have and hold value without monitoring is an inalienable right afa I'm concerned and i think everyone should hold that belief.

I agree. In addition privacy and anonymity are needed in order to ensure fungibility in crypto currencies, and fungibility is is a necessary requirement of money. Then there is of course the adaptive blocksize in Monero which ensures that there is no arbitrary limit on the number of transactions per second.  

People in this scene don't know how important and rare this is.

I think it takes quite a bit of study and "pondering" before someone really "gets it" about how XMR may, in fact, be the better bitcoin than bitcoin, or how it may be the so-called "Bitcoin 2.0" that everyone also always sort-of intuitively understands *might* need to evolve before a crypto-currency can really be successful.

Everyone always "just knows" that the first iteration of something is almost never the ultimate winner... Facebook rises on MySpace, Windows rises on Mac, VHS video rises on Betamax, etc etc.  Everyone "knows" this is usually what happens, but most people seem to be fairly blind to see where and how it may be coming.

Even now, I can hardly comprehend the block-size stalemate MAY INDEED be a death-rattle for bitcoin.  I can't believe that those people in charge of shepherding BTC into the future could *really* allow it to fail... but my eyes are not lying and it's over a YEAR longer than I ever IMAGINED the debate would be unresolved!  So...?  Have to imagine it might really be happening...

Yes of course they may still fix it, and maybe Monero will remain a niche experiment forever (albeit I think even then the value will rise quite a bit more yet).

But the idea that XMR's "different design" and all-original code-base fundamentally FIXES more than one serious design flaw that Satoshi overlooked in BITCOIN is more believable to me every day.

As is also the idea that when Satoshi said he was "leaving to pursue other things"... he may have been talking about CryptoNote... SN / NS = Satoshi Nakamoto, Nicholas van Saberhagen, etc etc.  Wouldn't surprise me at all... and IF TRUE?  Then buying XMR now might quite literally be "buying bitcoin again" at under $10 each...

The reason why I took an interest in Monero about a year ago was because of these fundamental principles such as ring signatures/CT, dynamic blocksizes, etc.  This was to act as a hedge against Bitcoin not being able to figure stuff out... And you're right, it looks like it's getting closer to the point where the Bitcoin devs just decide to keep everything the same because of "maximalist" ideas that there is no need to do such things.

If what I think is going to happen in terms of price speculation of BTC/cryptocurrencies in general to be correct, then there will be a crucial point of a tipping point where a wavering global economy will force investors to move all of their liquidity into assets such as gold and Bitcoin which will inflate the price of it... and when Bitcoin simply can't handle the transaction volume and be 2-3X more slow than it already is, I would assume people will start to freak out and try to get out of Bitcoin as soon as possible.

Just my two cents... I always slowly bought in Monero a little at a time, but now since it looks as if the Bitcoin community has decided to sit on their hands while certain BIP and maximalist fans shout obnoxiously at each other; it just looks like a sinking ship and I want to get on the escape boat and back on solid ground.

[kurious]

Snip...

....it just looks like a sinking ship and I want to get on the escape boat.....

Monero is resoundingly bouyant.  Welcome on board HMS Honeypony

[kurious]

lol i am mainly lurking but once in a while i drop a chart in here when i am bullish ;-)

chart is a bit messed up, already removed many lines and most of EW counts. howsoever I see a good chance to break out up from here and make a leg up to at least 0.0137. the risk reward is okay.

For longer term i see no reason why xmr shouldnt go way higher once china adopts xmr, what i guess will happen sooner or later. I also see a scenario where xmr goes down before up but i give it a way lower chance.

You have the Fib lines about right IMO and I liked the chart. 

The elephant in the room is BTC though.  So we shall see.

As for China?  If ever a massive cohort of people needed untraceable and fungible money, it lives there.  If When they get it, we are nowhere near where where we will end up.

Bitcoin 2.0™

Fuck it...  Sub $10 is a joke.

[Shiroslullaby]

So I really want to buy into Monero, but BTC seems to keep slowly climbing today.
Anyone got predictions on where Bitcoin will top or Monero will bottom?

[smoothie]

So I really want to buy into Monero, but BTC seems to keep slowly climbing today.
Anyone got predictions on where Bitcoin will top or Monero will bottom?

Bitcoin will top between $800 and $1000 for now

Monero 0.0105 and 0.008

 

But who knows...?

[kurious]

So I really want to buy into Monero, but BTC seems to keep slowly climbing today.
Anyone got predictions on where Bitcoin will top or Monero will bottom?

Bitcoin will top between $800 and $1000 for now

Monero 0.0105 and 0.008

 

But who knows...?

Frankly?  No one.

BTC just pipped over $800...  So place your buys lower and accumulate is the best advice.  XMR will keep its dollar value, so what's to lose?

Edited for sense

[ozkraut]

So I really want to buy into Monero, but BTC seems to keep slowly climbing today.
Anyone got predictions on where Bitcoin will top or Monero will bottom?

comme ci comme ça

Just buy some Monero. (;-)