[XMR] Monero Speculation

[Febo]

Im new to Monero and wanted to investment into it for long term. What is the best wallet to store my future XMR??

This is safest if you want to store larger sums: http://monero.stackexchange.com/questions/3060/how-to-create-a-cold-storage-watch-only-wallet


Mainly safe should be if you use https://getmonero.org/2016/12/22/monero-core-gui-beta-released.html  Monero Core GUI on a computer with which you dont download to much and strangers dont have access to it.

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[Cryptotraider16]

I think poloniex.com - one of the main investors Monero.

Yes confirmed!

[DaveyJones]

I think poloniex.com - one of the main investors Monero.

Yes confirmed!

No an exchange is never a good option to "secure" your coins.... as long as you dont own the keys to your wallet it is basically not yours and could go down if poloniex ever pulled a exit

[TrueCryptonaire]

It would be interesting to read the thoughts China has on Monero. Does Chinese people embrace Monero with open arms or despise it like a sack of potatoes (yes it is a binary decision like it seems to be in anything related to crypto)?

[dEBRUYNE]

Edit: Brain wasn't working, now is.

Edit 2: GUI question: Can I log in with my mnemonic key for the purpose of verifying that it was written correctly?

You can use the "Restore from 25 word mnemonic seed" option in the Wizard to verify you wrote down your seed correctly.

When I go to restore wallet from 25 word mnemonic seed, I enter it correctly and wants to name a new wallet. Basically its a new wallet with no moneros. I sent a test of 1 monero yesterday and it is my original wallet, which I can access with just my password.

So I couldnt test to see if my mnemonic seed is correct.

If you restore from the 25 word mnemonic seed a new wallet always has to be created. Thus, you could just create a new wallet (by restoring from the 25 word mnemonic seed) and check if the address (and seed) matches that of your already existing wallet.

[dEBRUYNE]

I cant access my original wallet that I deposited my 1 monero. How am I able to pick the original wallet?

Go to settings -> close wallet. It will bring you back to the wizard, where you can open your original wallet.

And when I did enter the seed, I had to sync the GUI from the beginning.

That's normal. It scans the blockchain looking for transactions that belong to your wallet.

[dEBRUYNE]

I'll check again about accessing original wallet because when I restart it doesnt pop up. It tells me to type in password for the new wallet. Is there a way to choose which wallet I want to access?

Enter your password for the new wallet. Subsequently, go to the "Settings" page and choose "Close wallet". This will bring you back to the wizard, where you can select your original wallet.

[bbc.reporter]

Jaxx wallet will add Monero soon. This news might seem small to everyone but this could propel the price further. Ordinary people who want only to buy and hold  for a while can now store their coins out of the exchanges. It also marks Monero for success because third party developers are starting to building tools for it.

[owlcatz]

Jaxx wallet will add Monero soon. This news might seem small to everyone but this could propel the price further. Ordinary people who want only to buy and hold  for a while can now store their coins out of the exchanges. It also marks Monero for success because third party developers are starting to building tools for it.

No it won't be small at all, everyone has been waiting at least 1 year for mobile xmr wallet that can be (somewhat?) trustable.

Thanks, let's hope you are right!

[seven.71]

Jaxx wallet will add Monero soon. This news might seem small to everyone but this could propel the price further. Ordinary people who want only to buy and hold  for a while can now store their coins out of the exchanges. It also marks Monero for success because third party developers are starting to building tools for it.

Exactly how many months it will be integrated with wallet monero Jaxx?

[sandiman]

As expected still fighting with supply in that zone, careful with a potential h&s for people longing on margin.

[CryptoPH]

Fungibility is the real weakness of Bitcoin.
On the other hand, fungibility is the real strength of Monero.  

"Monero is perhaps the most fungibile cryptocurrency in the ecosystem, outperforming even Zcash by this attribute."

http://www.coindesk.com/ensuring-bitcoin-fungibility-in-2017-and-beyond/

[CryptoPH]

As expected still fighting with supply in that zone, careful with a potential h&s for people longing on margin.

It's happening...could be a retest of 0.012.

[kurious]

As expected still fighting with supply in that zone, careful with a potential h&s for people longing on margin.

It's happening...could be a retest of 0.012.

Not sure that will be the case.

What is interesting is that the inverse relationship between BTC's rise and fall and XMR's seems to have shifted.  In the late stages of the BTC rally we went up with BTC (instead of dropping) and now with the fall to sub 950, we too have dipped.  It's not the whole story of course, but the traditional hedge relationship seems to have been disrupted.

No price appreciation with this dip means my balance of XMR and BTC does not balance out as it used to.  On the rise I was thrilled to see both going up, but now if both go down, I have no hedge.  Seems alts such as ETH / ETC are getting the benefit of the flow out of BTC - so maybe I am not alone. 

Have we lost our traditional hedge value and are we now tethered to BTC a little more, so we rise and fall with the BTC tides?

[kurious]

As expected still fighting with supply in that zone, careful with a potential h&s for people longing on margin.

It's happening...could be a retest of 0.012.

Surprisingly bearish, I was not expecting under 0.013...  maybe it was all about the GUI and now Alt market money is looking for underpriced options....

Any TA-savvy crystal ball gazers want to extrapolate from here?

[CoinCidental]

As expected still fighting with supply in that zone, careful with a potential h&s for people longing on margin.

It's happening...could be a retest of 0.012.

Surprisingly bearish, I was not expecting under 0.013...  maybe it was all about the GUI and now Alt market money is looking for underpriced options....

Any TA-savvy crystal ball gazers want to extrapolate from here?

xmr is not the only option in town
there is another underpriced privacy coin out there that has yet to get the bright lights directed on it and will this month (jan) ,some of you wil know which coin i mean but certaintly i expected a retrace in xmr when it went up 30-40% in 48 hrs

its not impossible that all the major coins take a 5%+ hit because buying has been off the fcuking charts the last few weeks  and people are probably skint
lest not forget that the unwashed massses dont get paid 7 days a week or every day of the month etc so some time will be needed to regroup and launch us up to the next level

[sandiman]

As expected still fighting with supply in that zone, careful with a potential h&s for people longing on margin.

It's happening...could be a retest of 0.012.

Surprisingly bearish, I was not expecting under 0.013...  maybe it was all about the GUI and now Alt market money is looking for underpriced options....

Any TA-savvy crystal ball gazers want to extrapolate from here?

it has been done already, scroll up between 1 and 3 pages, can't remember.

[CoinCidental]

As expected still fighting with supply in that zone, careful with a potential h&s for people longing on margin.

It's happening...could be a retest of 0.012.

Surprisingly bearish, I was not expecting under 0.013...  maybe it was all about the GUI and now Alt market money is looking for underpriced options....

Any TA-savvy crystal ball gazers want to extrapolate from here?

it has been done already, scroll up between 1 and 3 pages, can't remember.

thx for your input on the T/A chart but you make a few assumptions i wouldnt be 100% sure about
the august bagholders may not be the current sellers since the price tanked very low in september oct,nov etc and
people maybe have doubled their money and then some by buying in thiose months of epic crashdom .....

i thin its still a good bit too early for xmr to bloom and people who got biten by the last OASIS and ALPAHABAY scam wont be so
quick to throw millions of dollars into the fire again so easily ,at least until we get some more real use cases ......

[kurious]

As expected still fighting with supply in that zone, careful with a potential h&s for people longing on margin.

It's happening...could be a retest of 0.012.

Surprisingly bearish, I was not expecting under 0.013...  maybe it was all about the GUI and now Alt market money is looking for underpriced options....

Any TA-savvy crystal ball gazers want to extrapolate from here?

it has been done already, scroll up between 1 and 3 pages, can't remember.

thx for your input on the T/A chart but you make a few assumptions i wouldnt be 100% sure about
the august bagholders may not be the current sellers since the price tanked very low in september oct,nov etc and
people maybe have doubled their money and then some by buying in thiose months of epic crashdom .....

i thin its still a good bit too early for xmr to bloom and people who got biten by the last OASIS and ALPAHABAY scam wont be so
quick to throw millions of dollars into the fire again so easily ,at least until we get some more real use cases ......

Scam?

Do you mean the price rise associated with the news of XMR adoption?

Because your use of 'scam' seems to be aimed at XMR.  Oasis may have been an exit scam - but I doubt much (if any) XMR were lost. One small dark market disappeared (with punters BTC). So?

And Alphabay just opened up the dark markets to XMR, not sure how that qualifies as a scam, either.

Care to explain what you meant?

[virasog]

extremely strong point of supply around 0.0187

May correct a bit, this should take at least few days before we clear it if we do. If we do that quicker, this is a huge sign that bulls are clearly stronger than bears.

Why? Is there some kind of sell wall waiting?

My prediction is that  Monero can correct to 13 ot 13.25 USD levels and then test 15 USD levels. If it can break out from 15 USD then expect higher levels. I feel it is good to buy at the present levels and wait to book profits 15 USD for traders.