[XMR] Monero Speculation

[owlcatz]

I do not believe anyone has claimed a sure thing. These are all experiments.

FFS, I tried to reply to this a few times, but that clearly summed it up best.

Good luck to us all is all I will say now!

[nanobrain]

Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).

[CryptoPH]

Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).

I won't correct you, because I totally agree to your statement.
I'm exchanging some BTC to XMR as BTC goes up.

[kurious]

Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).

Ha!  Thanks....  Good to see it!  

I am watching of course - and also keeping an eye on the USD price, which is holding up well.   The urge to be in BTC ought to be strong, but not as much as I feared. In USD terms we are about where we were a week or so ago.

What will be interesting will be what happens from here. The BTC run is finally here so; it either keeps going up, sits at a new level, or comes back down.  People will take BTC profits, diversify from BTC somewhat, or bale out a little.  

Some of this money will come to XMR.  It will be the slingshot some have already mentioned.

Also with a market frenzy, at some point investors will be looking for other 'contenders' for this kind of appreciation beyond BTC and it may also draw new money into crypto generally...

As long as we hold value as well as we seem to be so far, we are well placed.

All the festive best, Nano

[CryptoPH]

I always buy more XMR when BTC spikes. It has always gone down when BTC goes up, nothing new here.

I couldn't agree more.

[nanobrain]

Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).

Ha!  Thanks....  Good to see it! 

I am watching of course - and also keeping an eye on the USD price, which is holding up well.   The urge to be in BTC ought to be strong, but not as much as I feared. In USD terms we are about where we were a week or so ago.

What will be interesting will be what happens from here. The BTC run is finally here so; it either keeps going up, sits at a new level, or comes back down.  People will take BTC profits, diversify from BTC somewhat, or bale out a little. 

Some of this money will come to XMR.  It will be the slingshot some have already mentioned.

Also with a market frenzy, at some point investors will be looking for other 'contenders' for this kind of appreciation beyond BTC and it may also draw new money into crypto generally...

As long as we hold value as well as we seem to be so far, we are well placed.

All the festive best, Nano

Thanks Mr K, have some fine festivities yourself

[nanobrain]

looking at the boards again I notice ZEC is up 12% bucking the trend...bloody zcash, die I say.

[volyova]

looking at the boards again I notice ZEC is up 12% bucking the trend...bloody zcash, die I say.

Do you feel that monero is threatened by ZEC?

[Billy Bunter]

looking at the boards again I notice ZEC is up 12% bucking the trend...bloody zcash, die I say.

Yeah, I simply don't get that. Just when I think I'm beginning to understand something about the markets, along comes Zcash. Why would anyone buy an asset that has done nothing except collapse in price since it appeared?

[Globb0]

To pump it before a bigger dump?

[Febo]

ZEC is doping in value fast. That is why also have drastic corrections. It is totally normal. You can see right now there is 15000 ZEC on Sell orders on Poloniex. Same time next year will be 10 times more.

[CTTE]

Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).

Edit: Chart hidden to save space.

Ha!  Thanks....  Good to see it!  

I am watching of course - and also keeping an eye on the USD price, which is holding up well.   The urge to be in BTC ought to be strong, but not as much as I feared. In USD terms we are about where we were a week or so ago.

What will be interesting will be what happens from here. The BTC run is finally here so; it either keeps going up, sits at a new level, or comes back down.  People will take BTC profits, diversify from BTC somewhat, or bale out a little.  

Some of this money will come to XMR.  It will be the slingshot some have already mentioned.

Also with a market frenzy, at some point investors will be looking for other 'contenders' for this kind of appreciation beyond BTC and it may also draw new money into crypto generally...

As long as we hold value as well as we seem to be so far, we are well placed.

All the festive best, Nano

So, does anyone know of any hedge funds investing in BTC and possibly Monero or any ETFs that may be holding some Alts?  If so, they could become rather large buyers in the market even if they only take a "miniscule" position.

[Febo]

So, does anyone know of any hedge funds investing in BTC and possibly Monero or any ETFs that may be holding some Alts?  If so, they could become rather large buyers in the market even if they only take a "miniscule" position.

ICONOMI should.

But not sure when will start buying let me check.

This seems most recent info: https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-21-december-2016-rebalancing-transformation-into-iconomi-8e31e48493ab#.g0efk16yb
Altho I am not sure when they start buying. 28th December maybe.

In their ICO they gathered 10 millions USD to much which was planed to put into 2 founds, one for new ICOs named ICONOMI.performance fund
1. Actively-managed ICONOMI.performance fund launched on 13 November 2016
With its first investment into Golem ICO, on 13 November, 2016, we launched our actively-managed ICONOMI.performance fund. The fund, which holds over $4M of assets, plans to invest in 3–5 new ICOs in the coming months. To prevent speculation, investment details will be announced after their respective ICOs close. Currently, ICONOMI is the sole investor into ICONOMI.performance, therefore all realised profits will directly benefit ICONOMI shareholders.

So 6 millions USD should be left for  ICONOMI.index. Plus what will be gathered when platform opens n 28th December and attract new investors.


But I still had not found any info, when they plan to start buy. If they will do it idiotic way might move prices a bit.

[TMAN]

https://getmonero.org/home

so the beta is out...

[Biro Bob]

https://getmonero.org/2016/12/22/monero-core-gui-beta-released.html

[Andretti83]

https://getmonero.org/2016/12/22/monero-core-gui-beta-released.html

I know sometimes those things totally not connected. But I think now the reason is obvious.

[SolarStorm]

congratulations to all holders! it finally happened wohooooo!

[TrueCryptonaire]

Looks like the pump is over sooner than I even noticed since I was offline past few hours... 

[MirkoIta]

https://getmonero.org/2016/12/22/monero-core-gui-beta-released.html

I know sometimes those things totally not connected. But I think now the reason is obvious.

It's happening finally!!!

[Febo]

Looks like the pump is over sooner than I even noticed since I was offline past few hours... 

But GUI is here to stay. It will never get depleted.