[XMR] Monero Speculation

[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 ......

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?

oasis and alphabay buys up all the cheap xmr
then they go public and announce their news
even went so far as to advise their customers to stock up on xmr for future purchases
customers bought xmr up to near $16 iirc
oasis ran away with everybodys money and alphabay faked a wallet problem and monero was unusable for awhile
these factors resulted in severe losses for lots of their customers
i would call that a scam but you could also say it was a tragic set of unforeseen circumstances which occured naturally at worst possible timing
your choice....

(btw i like monero and i am a signifigant hodler,i am not blaming the coin itself for the actions of the guilty in case it sounded like that)

[hyc]

What's with all this GUI talk in the price speculation thread? There's a Support thread, why aren't people using it?

...So, can these be 'directly RUN' from there in order to use the wallet the old-fashion way too, i.e. more control over typing commands (for "save" etc) in addition to using the GUI in a newbie-friendly way i.e. just double-click the icon?

Are there any warnings or danger to be aware of in this case, if so?  Or would it still be better to pre-load the daemon etc from another normal copy of the downloaded command line set of Monero files?

(P.S. Sorry if it's a dumb question BUT this is the kind of thing that needs to be made simple, clear, and easy for NOOBS if HoneyPony is really ever going to gain mainstream use and acceptance!)

As I understand it, the GUI is a wrapper that passes calls to the daemon ergo if you use the cli to make those calls then you should not hurt anything. I am guessing as I did none of the programming. The only pitfall I can forsee is that the gui would not refresh from those cli calls and display previous data but that is a rookie move and I can't imagine this team putting out something that lame.

As usual feel free to correct me guys, I'm just making educated guesses from experience on other projects.

No, the GUI is not a wrapper. It is a full wallet, just like the CLI.

You need to keep some distinctions clear:

The monerod daemon syncs the entire blockchain from the P2P network. The blockchain is stored in an LMDB database as soon as each block arrives. You can exit the daemon any time you like and all of that syncing progress will be saved without any further action being needed.

The wallets scan the blockchain of the daemon you're pointed at, looking for transactions owned by your wallet address. The scan results are held in RAM until you exit the wallet, at which time the entire wallet cache file gets written to disk. If your computer crashes while the wallet is syncing with the daemon, all of your current progress in the wallet will be lost. But that's completely separate from the daemon's progress.

You cannot see your latest transactions in any wallet until the daemon is caught up with the rest of the network.

[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)?

If you believe the rumors "tests indicate that Monero is pro-China, not the Chinese government".

Hopefully xmr will get adopted by the people of China, we will see. Exciting 2017 is ahead of us and I am glad it seems Monero project is getting serious with companies started (Monerodirect).
I have to admit even I was surprised on how fast Monero has changed from pump and dump game to serious project.

[TrueCryptonaire]

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.

15 usd would be ATH for XMR in terms of fiat so it might indeed turn some momentum traders into super bullish mood.

[Hueristic]

What's with all this GUI talk in the price speculation thread? There's a Support thread, why aren't people using it?

...So, can these be 'directly RUN' from there in order to use the wallet the old-fashion way too, i.e. more control over typing commands (for "save" etc) in addition to using the GUI in a newbie-friendly way i.e. just double-click the icon?

Are there any warnings or danger to be aware of in this case, if so?  Or would it still be better to pre-load the daemon etc from another normal copy of the downloaded command line set of Monero files?

(P.S. Sorry if it's a dumb question BUT this is the kind of thing that needs to be made simple, clear, and easy for NOOBS if HoneyPony is really ever going to gain mainstream use and acceptance!)

As I understand it, the GUI is a wrapper that passes calls to the daemon ergo if you use the cli to make those calls then you should not hurt anything. I am guessing as I did none of the programming. The only pitfall I can forsee is that the gui would not refresh from those cli calls and display previous data but that is a rookie move and I can't imagine this team putting out something that lame.

As usual feel free to correct me guys, I'm just making educated guesses from experience on other projects.

No, the GUI is not a wrapper. It is a full wallet, just like the CLI.

You need to keep some distinctions clear:

The monerod daemon syncs the entire blockchain from the P2P network. The blockchain is stored in an LMDB database as soon as each block arrives. You can exit the daemon any time you like and all of that syncing progress will be saved without any further action being needed.

The wallets scan the blockchain of the daemon you're pointed at, looking for transactions owned by your wallet address. The scan results are held in RAM until you exit the wallet, at which time the entire wallet cache file gets written to disk. If your computer crashes while the wallet is syncing with the daemon, all of your current progress in the wallet will be lost. But that's completely separate from the daemon's progress.

You cannot see your latest transactions in any wallet until the daemon is caught up with the rest of the network.

The CLI sends commands to the Daemon correct? That makes it a wrapper correct?

[cAPSLOCK]

I have to admit even I was surprised on how fast Monero has changed from pump and dump game to serious project.

I believe your perspective on Monero may be changing, but the project is just what it has always been.  Steady (perhaps a bit slow) incremental improvements with the core focus on the vision for the single goal of private fungible digital money.

Nothing more... nothing less.

This is part of the reason it has a slim chance to become something more than an experiment, which is all it still really is.

[Febo]

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.

15 usd would be ATH for XMR in terms of fiat so it might indeed turn some momentum traders into super bullish mood.

Two days ago i was checking old ATHs in $ and was like $15.5  from I think 3rd September. Also at that time market capitalisation was about $199 millions. We tested $199 millions market capitalisation two days ago.

[cAPSLOCK]

What's with all this GUI talk in the price speculation thread? There's a Support thread, why aren't people using it?

...So, can these be 'directly RUN' from there in order to use the wallet the old-fashion way too, i.e. more control over typing commands (for "save" etc) in addition to using the GUI in a newbie-friendly way i.e. just double-click the icon?

Are there any warnings or danger to be aware of in this case, if so?  Or would it still be better to pre-load the daemon etc from another normal copy of the downloaded command line set of Monero files?

(P.S. Sorry if it's a dumb question BUT this is the kind of thing that needs to be made simple, clear, and easy for NOOBS if HoneyPony is really ever going to gain mainstream use and acceptance!)

As I understand it, the GUI is a wrapper that passes calls to the daemon ergo if you use the cli to make those calls then you should not hurt anything. I am guessing as I did none of the programming. The only pitfall I can forsee is that the gui would not refresh from those cli calls and display previous data but that is a rookie move and I can't imagine this team putting out something that lame.

As usual feel free to correct me guys, I'm just making educated guesses from experience on other projects.

No, the GUI is not a wrapper. It is a full wallet, just like the CLI.

You need to keep some distinctions clear:

The monerod daemon syncs the entire blockchain from the P2P network. The blockchain is stored in an LMDB database as soon as each block arrives. You can exit the daemon any time you like and all of that syncing progress will be saved without any further action being needed.

The wallets scan the blockchain of the daemon you're pointed at, looking for transactions owned by your wallet address. The scan results are held in RAM until you exit the wallet, at which time the entire wallet cache file gets written to disk. If your computer crashes while the wallet is syncing with the daemon, all of your current progress in the wallet will be lost. But that's completely separate from the daemon's progress.

You cannot see your latest transactions in any wallet until the daemon is caught up with the rest of the network.

The CLI sends commands to the Daemon correct? That makes it a wrapper correct?

No.  The CLI Wallet and the GUI Wallet are equivalent.  Neither is a wrapper for the daemon.  Both are a client of it.

Another way to put it... if the GUI was a wrapper, it would be a wrapper for the CLI wallet.  It is not. 

[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?

oasis and alphabay buys up all the cheap xmr
then they go public and announce their news
even went so far as to advise their customers to stock up on xmr for future purchases
customers bought xmr up to near $16 iirc
oasis ran away with everybodys money and alphabay faked a wallet problem and monero was unusable for awhile
these factors resulted in severe losses for lots of their customers
i would call that a scam but you could also say it was a tragic set of unforeseen circumstances which occured naturally at worst possible timing
your choice....

(btw i like monero and i am a signifigant hodler,i am not blaming the coin itself for the actions of the guilty in case it sounded like that)

I think Alphabay were / are perhaps genuinely interested - and I cannot know how they might have benefited - but pre GUI it was badly implemented at first.  Oasis was an exit scam, yes, but it is hard to know if much or any XMR was lost, other than in speculation around the announcement.

But thank you for clearing up this wasn't a scam of XMR's making, which is what I sought.  Like you I hold XMR, so I don't want fresh eyes looking at XMR to think we (those who support XMR on here) approve, or were complicit in any scams.

We can't blame XMR for how XMR is used, even if it is used for dubious financial gains. 

[CTTE]

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?

oasis and alphabay buys up all the cheap xmr
then they go public and announce their news
even went so far as to advise their customers to stock up on xmr for future purchases
customers bought xmr up to near $16 iirc
oasis ran away with everybodys money and alphabay faked a wallet problem and monero was unusable for awhile
these factors resulted in severe losses for lots of their customers
i would call that a scam but you could also say it was a tragic set of unforeseen circumstances which occured naturally at worst possible timing
your choice....

(btw i like monero and i am a signifigant hodler,i am not blaming the coin itself for the actions of the guilty in case it sounded like that)

I think Alphabay were / are perhaps genuinely interested - and I cannot know how they might have benefited - but pre GUI it was badly implemented at first.  Oasis was an exit scam, yes, but it is hard to know if much or any XMR was lost, other than in speculation around the announcement.

But thank you for clearing up this wasn't a scam of XMR's making, which is what I sought.  Like you I hold XMR, so I don't want fresh eyes looking at XMR to think we (those who support XMR on here) approve, or were complicit in any scams.

We can't blame XMR for how XMR is used, even if it is used for dubious financial gains. 

It boils down to this being insider trading on the part of Alphabay and because nothing is "really" regulated in crypto who's going to do anything about it? And, let's be honest, what would you expect from a darknet market place. They know they are going to announce using XMR and in the meantime they buy a pretty good stash in stealth mode at very low prices, make the announcement, encourage vendors to stock up and we end up with an ATH and they make some serious cash.  If you were running even a legal business online you may do something similar given the opportunity.

[hyc]

As I understand it, the GUI is a wrapper that passes calls to the daemon ergo if you use the cli to make those calls then you should not hurt anything. I am guessing as I did none of the programming. The only pitfall I can forsee is that the gui would not refresh from those cli calls and display previous data but that is a rookie move and I can't imagine this team putting out something that lame.

As usual feel free to correct me guys, I'm just making educated guesses from experience on other projects.

No, the GUI is not a wrapper. It is a full wallet, just like the CLI.

The CLI sends commands to the Daemon correct? That makes it a wrapper correct?

No. I did some of the programming, and you are wrong. Next time don't ask "feel free to correct me" if you're just going to ignore it.

[Hueristic]

As I understand it, the GUI is a wrapper that passes calls to the daemon ergo if you use the cli to make those calls then you should not hurt anything. I am guessing as I did none of the programming. The only pitfall I can forsee is that the gui would not refresh from those cli calls and display previous data but that is a rookie move and I can't imagine this team putting out something that lame.

As usual feel free to correct me guys, I'm just making educated guesses from experience on other projects.

No, the GUI is not a wrapper. It is a full wallet, just like the CLI.

The CLI sends commands to the Daemon correct? That makes it a wrapper correct?

No. I did some of the programming, and you are wrong. Next time don't ask "feel free to correct me" if you're just going to ignore it.

I'm actually not arguing here, AFAIK the cli is a client that sends input to the daemon which does the necessary adjustments to the data set. So your saying that it does not?

[cAPSLOCK]

As I understand it, the GUI is a wrapper that passes calls to the daemon ergo if you use the cli to make those calls then you should not hurt anything. I am guessing as I did none of the programming. The only pitfall I can forsee is that the gui would not refresh from those cli calls and display previous data but that is a rookie move and I can't imagine this team putting out something that lame.

As usual feel free to correct me guys, I'm just making educated guesses from experience on other projects.

No, the GUI is not a wrapper. It is a full wallet, just like the CLI.

The CLI sends commands to the Daemon correct? That makes it a wrapper correct?

No. I did some of the programming, and you are wrong. Next time don't ask "feel free to correct me" if you're just going to ignore it.

I'm actually not arguing here, AFAIK the cli is a client that sends input to the daemon which does the necessary adjustments to the data set. So your saying that it does not?

I believe he is saying it is not a wrapper.  There is a difference.  A wrapper would be a GUI front end for the CLI executable.  In this case the CLI and GUI wallets are equivalent.  They both use the daemon, but neither is a wrapper.  As far as I know the default QT bitcoin client at least used to work this way as well.

[saddambitcoin]

The daemon communicates with the network.

The command line wallet does interact with the daemon but it has it's own commands, does not invoke commands on the daemon.

Both of these are standalone applications.

A wrapper would be an abstraction of some sort that invokes the commands on a parent application through a secondary interface.

[cryptimus prime]

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.

I think similar like you.

[owlcatz]

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.

I think similar like you.

I almost posted this earlier, as I'm in agreement. it's the next mental/logical barrier, it won't be long based on the dev's and upcoming HF.

[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?

oasis and alphabay buys up all the cheap xmr
then they go public and announce their news
even went so far as to advise their customers to stock up on xmr for future purchases
customers bought xmr up to near $16 iirc
oasis ran away with everybodys money and alphabay faked a wallet problem and monero was unusable for awhile
these factors resulted in severe losses for lots of their customers
i would call that a scam but you could also say it was a tragic set of unforeseen circumstances which occured naturally at worst possible timing
your choice....

(btw i like monero and i am a signifigant hodler,i am not blaming the coin itself for the actions of the guilty in case it sounded like that)

I think Alphabay were / are perhaps genuinely interested - and I cannot know how they might have benefited - but pre GUI it was badly implemented at first.  Oasis was an exit scam, yes, but it is hard to know if much or any XMR was lost, other than in speculation around the announcement.

But thank you for clearing up this wasn't a scam of XMR's making, which is what I sought.  Like you I hold XMR, so I don't want fresh eyes looking at XMR to think we (those who support XMR on here) approve, or were complicit in any scams.

We can't blame XMR for how XMR is used, even if it is used for dubious financial gains. 

It boils down to this being insider trading on the part of Alphabay and because nothing is "really" regulated in crypto who's going to do anything about it? And, let's be honest, what would you expect from a darknet market place. They know they are going to announce using XMR and in the meantime they buy a pretty good stash in stealth mode at very low prices, make the announcement, encourage vendors to stock up and we end up with an ATH and they make some serious cash.  If you were running even a legal business online you may do something similar given the opportunity.

Sure, I cannot argue with that, this is crypto after all and nothing would surprise me.  I just wanted to be clear whatever exchanges did was not down to Monero. 

Also - potential gains made by Alphabay aside - the benefits of XMR's anonymity was probably why it was picked, it does make sense for DNM to use the best anon currency after all.

[kurious]

Nice price action - someone wants a lot of XMR....

 

[TrueCryptonaire]

Nice price action - someone wants a lot of XMR....

 

I can't blame him/her.

[kurious]

Nice price action - someone wants a lot of XMR....

 

I can't blame him/her.

I wonder if the same actor pumped and then sold - there were some large 4000 and 6000 buys and sells in there.

Of course I don't mind, it's nice to see 5% fluctuations in very short time periods - it means people keep an eye and there is good liquidity for large movers.   It also means it's worth day trading and market making.

Also, I get to keep my stash level and still average down a little although the price is way above what my average buy is.