[XMR] Monero Speculation

[TrueCryptonaire]

I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.

And to that point Bitcoin also has NO masternodes and no ongoing marketing hype like DASH.

Bitcoin has by the way ongoing marketing hype even more than Dark coin.
Sure bitcoin has no masternodes but the number of bitcoins in the exchanges are smaller than the number of Moneros on Poloniex.
Monero has soon 3rd anniversary and still Monero economy is not vibrant and people are obviously not hoarding Moneros like crazy (as it can be seen on the exchange).
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Shoulda woulda will not help I know unless one do not learn from the past mistakes and when the next round comes, act in the correct manner. I am hopeful there will be a buying opportunity for Dark coin coming in the future also.

[TrueCryptonaire]

Regardless of any viewpoints on DASH, historically just about every major XMR rally is preceded by a DASH rally, usually by a few weeks. This is my observation, perhaps its merely coincidence but you decide. I'll be interested to see what happens this time.

^ posted this the last time Dash was peaking, reposting for future observation

I certainly hope you are right here. I love to see Monero rising and Dark coin dropping like a rock to the bottomless pit to the abomination of desolation.

[TrueCryptonaire]

Monero need to increase transactions and that is the only normal way to lock coins from exchanges.  Last year number increased 6 times, lets hope this year will be same.

I love to make transactions with XMR myself but I am not aware of any place I can pay with Moneros on stuff I need/want. I am not using drugs and not interested in child pornography.


Even bitcoins I am not using but simply storing for the future.

[TrueCryptonaire]

I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.

Masternodes are a liability.  They are an attack vector for deanonymizing transactions.  We should thank Saberhagen we don't have that.  But I assume you like them because they reduce the liquidity of the float thereby causing swings in price to be more amplified.

And the ongoing marketing "hype" is just bullshit.

You seem to only be interested in Monero as a get rich quick "pump and dump" vehicle.  That's fine.  My priorities are different though.  I do NOT want marketing "hype".  When you make the price rise unnaturally you will pay for it eventually.  In fact it could be argued we are paying for the dark market hype now.

I would propose Dash better meets your desires for a cryptocurrency.

To be honest I should have invested into Dark coin when it was cheap (a couple months ago).... I think it is too late now - I am not saying it cannot go higher but definetely it is not that much of a bargain than it was.
Yes in terms of market capitalization the idea of masternodes is perfect for a crypto in the world we are living (where cryptos are merely speculation tools). Basically anything that locks coins is preventing the major dumps taking place and helps the price to increase as it is easier to pump a coin that has lowish available supply.
I think people investing in Darkcoin understand basic economics. 
I am currently investigating coins to diversify, and I am interested in projects that have opportunity to rise in price. You know, I am not an idealist but a speculator.
And nope, I have no margin positions to any directions.

Woulda, coulda, shoulda,...WCS

Now go start a market hype campaign with your own funds.

Thanks 

Please do not direct the question to the funding issues.....

[bitwolf]

Monero need to increase transactions and that is the only normal way to lock coins from exchanges.  Last year number increased 6 times, lets hope this year will be same.

I love to make transactions with XMR myself but I am not aware of any place I can pay with Moneros on stuff I need/want. I am not using drugs and not interested in child pornography.


Even bitcoins I am not using but simply storing for the future.

Why do you insinuate such a bad use of monero? You just said you don't use cryptocoins for anything and it the same time insinuate that XMR is being used only for bad things. WTF dude? Go buy a lollipop with dash or btc then. Go pay at least your internet with them. Lets see that.

[kurious]

35USD is a pretty high level for FOMO money. 

Looks to me like educated money is looking for an alternative to BTC in the event of an ETF or blocksize crash in BTC price, or is looking for a toehold in the "silver altcoin" which might grow as bitcoin use wains due to transaction fees/delays.

Educated money might be seeing something in XMR's marketcap competitors that XMR doesn't offer.  Unbloated blockchain?  Real world use? 

Yes, except Dash has minimal 'real' transactions - the miners and nodes churn it to make it look good, but so few real transactions take place it is relatively untested.

I think the liquidity is part of the issue - fewer Dash are available (partly Masternode issue) so it's simply an easier pump than Monero and dash and it's cabal of whales and nodes have the incentive and the money to help that along.  The amount of BTC on the buy side of the XMR chart on Polo could buy ALL the Dash on Polo nearly three times over - even at it's present price.

I don't think smart money is impressed with a pretty, hired face to make videos.  Also, Evan is untrustworthy.  Makes no sense to look to Dash to be the main silver to BTC's gold.

People are indeed looking for what to jump to, that is certain, but that it is Dash is in no way certain - on the contrary.

[kurious]

So, BTC pops over 1200...

And all bets are off on our little fledgling of a run up.  For now.  Bit of a shame.

If the ETF fails, there will be more blood on the streets than expected I think - gonna lock in some BTC profits in case a fall comes in advance of the 11th.

No ETF with the blocksize issue still unresolved makes BTC at $1200 look overpriced.

The next two weeks will be... interesting.  There will be winners and losers whichever way the ETF goes.

[KeyJockey]

So, BTC pops over 1200...

And all bets are off on our little fledgling of a run up.  For now.  Bit of a shame.

If the ETF fails, there will be more blood on the streets than expected I think - gonna lock in some BTC profits in case a fall comes in advance of the 11th.

No ETF with the blocksize issue still unresolved makes BTC at $1200 look overpriced.

The next two weeks will be... interesting.  There will be winners and losers whichever way the ETF goes.

Remember though that there are THREE possible ETF's in the pipeline, so seems to me if the Winki's don't get theirs approved as the first one to hit final deadline people who are speculating on hodling BTC due to ETF money won't necessarily immediately give up the quest.  Some will of course but IMHO if it was me I'd still sit tight and wait for 2nd or 3rd time's the charm.

It's for this reason I think there's big upside on approval but actually very little downside if the word on March 11th ends up being NO.  Almost something like a sure bet, LOL... either moon launch or just things stay the same or only drop a little.

All that's speculation on bitcoin however and this is the Monero thread -- my only worry lately on Dash's rise at the expense of XMR market cap position is if it might affect coinbase's decision on which altcoin to integrate next.  Before this DashPump (which I think is very overdone and unsustainable and will crash back to their proper place sub-$20 pretty soon) I was near certain that the next coinbase coin was gonna be MONERO but now I'm a little worried it might end up being stupid DASH....

Anyone else worried about that or am I needlessly concerned?  What do we think around here of the actual odds of XMR vs Dash vs "other" for being coinbase's pick?

[bitwolf]

Coinbase has either already started integrating Monero and won't stop now or has never started. I doubt that they gonna change their mind in the middle of the coding.

[Febo]

Monero need to increase transactions and that is the only normal way to lock coins from exchanges.  Last year number increased 6 times, lets hope this year will be same.

I love to make transactions with XMR myself but I am not aware of any place I can pay with Moneros on stuff I need/want. I am not using drugs and not interested in child pornography.


Even bitcoins I am not using but simply storing for the future.

I am sure you will not make number of Monero transactions increase by huge % all alone.   People will do it, the ones that will find Monero interesting or useful. It will happen over time slowly. In upcoming months years maybe even decades.
My point was direct solution on your problem.  Let me repeat myself again. Only people using it more and transacting will move Moneros out of exchanges.   By teh way. I dotn see any problem people holding wast amount of Moneros on exchanges. That makes Monero cheaper for everyone to buy and gives them more chances that someone hack those Moneros away from them. They will learn a valuable lesson this way.

[KeyJockey]

Coinbase has either already started integrating Monero and won't stop now or has never started. I doubt that they gonna change their mind in the middle of the coding.

That's a good point but on the other hand that's exactly what stupid Jaxx did... i.e. they changed their mind in the middle of coding

However the other thing I forgot to mention is the fact that Kraken just added XMR back in January, and coinbase being a west-coast silicon valley company same like Kraken, don't these guys kind of need to follow whatever each other does just to stay competitive?  Since Kraken has Monero now, and not Dash, it seems like probably Coinbase kinda has to at least "match that product feature" of their competitor, and add XMR too before anything else... or again OTOH maybe if they want to decide to "be different" and try to "lead" Kraken this time, maybe they'd stupidly add Dash next instead...?   

Hmm...  really don't know.   LOL

Aaaaaa I guess best thing to do is just forget about thinking of all this shit and just HODL and wait to see what happens!

Please Pass The Popcorn 

[DaveyJones]

35USD is a pretty high level for FOMO money. 

Looks to me like educated money is looking for an alternative to BTC in the event of an ETF or blocksize crash in BTC price, or is looking for a toehold in the "silver altcoin" which might grow as bitcoin use wains due to transaction fees/delays.

Educated money might be seeing something in XMR's marketcap competitors that XMR doesn't offer.  Unbloated blockchain?  Real world use? 

Educated money might want to have liquidity to also be able to get out of their positions outside of pumps, usually monero exceeded Dash by far in that context. Also Real world use... didnt you see that graph few days ago that told that Dash TX did not change that much since 2014?  Try harder

[ResistantLaw]

Coinbase is very good about complying with the law. Maybe it's because they have to, I don't know, but do you guys really think they would add Monero? Just thought they would be kinda against the anonymity.

That being said, I remember someone mentioned about how if they added Monero, it would actually be easier for Coinbase or whoever, because if someone were to come ask questions, all they can say is "I don't know where it came from or where it went".

I don't know, what are you guy's opinions?

Would be really sad to see them add Dash because of some hype. I'm sure they would do more research on this stuff. Unless they get paid or something.

[c789]

Would be really sad to see them add Dash because of some hype. I'm sure they would do more research on this stuff. Unless they get paid or something.

From a technical or purist perspective, they wouldn't add Dash.

But here's the rub. From a technical or purist perspective, they shouldn't have added ETH either, but they did. To me, this means that the ability to cash in outweighs technological aspects for them. So I wouldn't put it past them.

Even if Dash is added, that won't change the fact that its privacy is terrible. For people who want privacy and fungibility, Monero delivers that now. And Monero has many features in the works that will help more users to choose Monero (multisig, kovri, mobile implementation, etc.). So it's smart to buy Monero now because its value will increase due to it's supreme privacy and upcoming features.

[Hueristic]

Shit if I had typed .00999 instead of .0999 on my long I would be happy now. Guess I have to wait a little  longer for pARITY. dOH

[bobabouey2]

Coinbase is very good about complying with the law. Maybe it's because they have to, I don't know, but do you guys really think they would add Monero? Just thought they would be kinda against the anonymity.

That being said, I remember someone mentioned about how if they added Monero, it would actually be easier for Coinbase or whoever, because if someone were to come ask questions, all they can say is "I don't know where it came from or where it went".

I don't know, what are you guy's opinions?

Would be really sad to see them add Dash because of some hype. I'm sure they would do more research on this stuff. Unless they get paid or something.

They could handle the KYC aspect of Monero coming into Coinbase the same way they do for cash and bitcoin currently, and the same way banks do.  I.e. ask the owner to disclose how they acquired them, source of funds, etc.  

Buying and selling within the Coinbase ecosystem also should not be different from bitcoin.

The issue is the ability to send Monero anonymously.  Currently, it is pretty clear that Coinbase tracks at least the first transaction out of their system for use on darkmarkets, gambling etc., and have closed accounts based on this.  They may also track multiple hops.

Obviously, they can't do this for Monero.  So the issue is to what extent their counsel has decided being ableto track the blockchain is an integral part of KYC / AML for crypto, or just something you have to do if its possible (i.e. not doing it would be seen as willful ignorance.)

Now, clearly banks have gotten comfortable with KYC / AML for cash where there is nothing to track once it leaves the bank.  They monitor patterns, report large amounts and repeated transactions that may look like structuring, and ask customers for the reason / destination for large transactions.  So Coinbase could theoretically do the same for Monero.

But given their past actions, and the pending IRS subpoena, I think they will err on the side of caution for now.  It would be too easy for the IRS lawyers to tell the judge "they just came up with a new way of letting their customers hide their funds."

I think the lagging price and total market cap is also an issue.  The fact they've only added ethereum so far, when it been near a $1 billion market cap for some time suggests they have a pretty high threshold for market acceptance.

[poptop]

Coinbase has either already started integrating Monero and won't stop now or has never started. I doubt that they gonna change their mind in the middle of the coding.

Is it a rumour? Could you give me a link to the news?

[Andretti83]

Coinbase has either already started integrating Monero and won't stop now or has never started. I doubt that they gonna change their mind in the middle of the coding.

Is it a rumour? Could you give me a link to the news?

https://www.reddit.com/r/Monero/comments/5mfwmm/coinbase_liked_fluffys_presentation/

[smoothie]

I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.

Masternodes are a liability.  They are an attack vector for deanonymizing transactions.  We should thank Saberhagen we don't have that.  But I assume you like them because they reduce the liquidity of the float thereby causing swings in price to be more amplified.

And the ongoing marketing "hype" is just bullshit.

You seem to only be interested in Monero as a get rich quick "pump and dump" vehicle.  That's fine.  My priorities are different though.  I do NOT want marketing "hype".  When you make the price rise unnaturally you will pay for it eventually.  In fact it could be argued we are paying for the dark market hype now.

I would propose Dash better meets your desires for a cryptocurrency.

To be honest I should have invested into Dark coin when it was cheap (a couple months ago).... I think it is too late now - I am not saying it cannot go higher but definetely it is not that much of a bargain than it was.
Yes in terms of market capitalization the idea of masternodes is perfect for a crypto in the world we are living (where cryptos are merely speculation tools). Basically anything that locks coins is preventing the major dumps taking place and helps the price to increase as it is easier to pump a coin that has lowish available supply.
I think people investing in Darkcoin understand basic economics. 
I am currently investigating coins to diversify, and I am interested in projects that have opportunity to rise in price. You know, I am not an idealist but a speculator.
And nope, I have no margin positions to any directions.

Woulda, coulda, shoulda,...WCS

Now go start a market hype campaign with your own funds.

Thanks 

Please do not direct the question to the funding issues.....

Why not?

I'm a big believer that if I want something I would rather do it myself. In the same respect I would expect someone who wants something to do the same.

[smooth]

They could handle the KYC aspect of Monero coming into Coinbase the same way they do for cash and bitcoin currently, and the same way banks do.  I.e. ask the owner to disclose how they acquired them, source of funds, etc.

Banks have rules about cash. Coinbase does not handle cash, only bank transfers and Bitcoin (and Ethereum).

That's a big difference. A bank could just throw up their hands and say "Can't trace the chain? Let's treat it like cash to be safe" but Coinbase can't in practice do that.