[XMR] Monero Speculation

[papa_lazzarou]

My point is that donation based funding have more risks than a project that is not based on donations in terms of financing.

Reading this you'd guess that 875 XMR were not just funded in under 4 hours.

EDIT: For posterity, and like stated above, that's about $15k at today's value.

[Bemerand]

...

My point is that donation based funding have more risks than a project that is not based on donations in terms of financing.

My point is that empirically this is not true. Bitcoin's rise wasn't funded by a (de)centralized money managing system controlled by insiders and early adopters. ETH is a bit of a counterexample, but they were basically 80% premined and their market value has been eroding. I don't think there's really enough evidence to declare one method better than the other, but based on the success of Bitcoin and Monero, I'd lean toward the volunteer/donation based approach as opposed to the cabal of insiders doling out funds.

The masternodes have spoken, and wasteful graft is the outcome. Do not question the masternodes!

You make it sound like masternodes are your god dude.

[bobabouey2]

Back in #3 on coinmarketcap.com.

Are the ripple volumes there really comparable to other cryptos on exchanges?  Or are the "gateway" transaction ones that are using ripple as part of other currency transfers?  https://coinmarketcap.com/currencies/ripple/#markets

[Its About Sharing]

BTC goes up, XMR goes up.
Lovely isn't it.

Certainly a nice change! Reminds me of some alts in 2013...
Which brings up a question:

I've been using both XMR's USD price and it's "BTC price" when following XMR (rather recently doing both). I had just been doing the latter, but since you can buy XMR on Bittfinex (is it?) for FIAT, I might as well consider that but how much? How do you all view this? Is 80% of XMR bought with BTC or ? Any stats available?

I wonder as BTC continues this rise, at some point people are going to start evaluating XMR more in dollars (as that is "stable" and perhaps more familiar to the masses), it will be available at more places for cash purchases, and so we are going to want to separate, as the initial determiner the BTC/XMR ratio, but that is just my thoughts right now. I'm open here, just wondering...

IAS

https://coinmarketcap.com/currencies/monero/#markets

Here you see all Monero Markets. You can buy Monero with fiat right now on Kraken , Bitfinex, BTER and Livecoin. For USD, EUR and CNY. As it looks Kraken might be most popular altho just started. I guess people are still careful because Bitfinex indecent few months ago. BTER is Chinese exchange where Monero is not so popular and Livecoin small exchange.

Thanks for the link. I didn't realize it would list it like that. Very nice. So, I think I was close. If 80% of volume is on Polo and you can't buy using cash there, I'd bet that 90% of all XMR bought right now are bought with Bitcoin first. So there is that intrinsic tie. And that does probably remain for years. (My guess)

BTC goes up, XMR goes up.
Lovely isn't it.

Certainly a nice change! Reminds me of some alts in 2013...
Which brings up a question:

I've been using both XMR's USD price and it's "BTC price" when following XMR (rather recently doing both). I had just been doing the latter, but since you can buy XMR on Bittfinex (is it?) for FIAT, I might as well consider that but how much? How do you all view this? Is 80% of XMR bought with BTC or ? Any stats available?

I wonder as BTC continues this rise, at some point people are going to start evaluating XMR more in dollars (as that is "stable" and perhaps more familiar to the masses), it will be available at more places for cash purchases, and so we are going to want to separate, as the initial determiner the BTC/XMR ratio, but that is just my thoughts right now. I'm open here, just wondering...

IAS

The BTC price is something of touchstone in the cryptosphere. But as more new money comes in I imagine the 'fiat' price will become more prevalent.

Another factor that is often ignored with regard to 'fiat' prices is the relative strength of those currencies - so the BTC price moves and people look for a reason but rarely look at what the USD or the EUR (etc, etc) is up to.

So, against the GBP or EUR you may say BTC's surge is helped by the relative wekness of the other pairs.
And while it may be heresy around here the USD is 'doing well' in forex at present, which makes BTC's current valuation even more impressive.  

Of course, the real goal is not to value XMR against any other currency but against what it can be used for.

Thanks - good perspective. (Like I said I will watch both "prices".)

Something tells me this year is going to be real real interesting for Cryptos as there appears to be serious banking problems coming (again) as well as more global turmoil.
Protect what Fiat you have and make it portable...

[naneto]

When we can expect some nice news and see 0.02?

[Its About Sharing]

When we can expect some nice news and see 0.02?

As I alluded to in the post above, I think it isn't quite so cut and dry.

If BTC corrects hard down, I think then we might see .02 (as maybe XMR tries to support it's USD price).
I just think it is early days as far as USD vs BTC/XMR price goes - so expect volatility is my guess.

[explorer]

When we can expect some nice news and see 0.02?

As I alluded to in the post above, I think it isn't quite so cut and dry.

If BTC corrects hard down, I think then we might see .02 (as maybe XMR tries to support it's USD price).
I just think it is early days as far as USD vs BTC/XMR price goes - so expect volatility is my guess.

Expect... The Unexpected!

[Its About Sharing]

When we can expect some nice news and see 0.02?

As I alluded to in the post above, I think it isn't quite so cut and dry.

If BTC corrects hard down, I think then we might see .02 (as maybe XMR tries to support it's USD price).
I just think it is early days as far as USD vs BTC/XMR price goes - so expect volatility is my guess.

Expect... The Unexpected!

And that, lol!
(Of course)

[seven.71]

already some of its news today about Monero will be added in Coinbase whether the report is true?
and another one I would like to ask when his right Monero be integrated with Wallet Jaxx whether the existing signs will mark release!!!

[bobabouey2]

The big 3 all up 11% (24hr), in unison.

Top 25 cryptos all in the green.

What fun!

[TrueCryptonaire]

already some of its news today about Monero will be added in Coinbase whether the report is true?
and another one I would like to ask when his right Monero be integrated with Wallet Jaxx whether the existing signs will mark release!!!

To get the maximal momentum those news should happen on different dates since it seems the pumps are over quite fast as someone comes and ruins the joy by telling how he/she has opened a short position and then the rest of the traders will follow...

[infofront]

In the short term (24-28 hours) I think we'll be retesting ~0.0162.

I'm not exactly sticking my neck out on that. Just calling what I see.

Edit: Minutes after posting, we're back up to .0162

[BitcoinNewsMagazine]

When we can expect some nice news and see 0.02?

It has been three years and bitcoin still has not taken out the last ATH on Stamp. It took Monero 27 months to best the first ATH. If Monero takes out 0.0265 in less than a year consider it a gift but I would not bet on it. Probably next year.

[kurious]

When we can expect some nice news and see 0.02?

It has been three years and bitcoin still has not taken out the last ATH on Stamp. It took Monero 27 months to best the first ATH. If Monero takes out 0.0265 in less than a year consider it a gift but I would not bet on it. Probably next year.

I will settle with maintaining it's price in BTC (as it has been of late) while Bitcoin moons...

Dollar value in XMR on Sept 4th (ATH) was based upon a BTC price in USD of 600-ish.

So in dollar terms we been there again in these past few days.  And let's face it, in spite of our contempt for fiat in the long term, fiat is still what most stuff we want is priced in.

Now what I want is to be able to spend XMR directly on things I want to buy - privately and frictionlessly with no intermediary exchanges asking for my address and passport.

Then I will be happy....

[volyova]

Honey-badger doesn't seem to care..

[kurious]

Honey-badger doesn't seem to care..

Yeah - but Honeyponey can keep up... 

[volyova]

Honey-badger doesn't seem to care..

Yeah - but Honeyponey can keep up... 

**wags finger**

[koryu]

honey badger wants xmr at 0.0185 wouldnt that be great? 

[juras54]

above will not be the price, it seems to me, a long sideways 0.015-0.017

[Hueristic]

honey badger wants xmr at 0.0185 wouldnt that be great? 

Stop caring what honey badger wants, it'll be replaced soon enough.