[XMR] Monero Speculation

[sui_generis]

Monero still underpriced. I'm not totally certain that it will exceed Ethereum by market cap, but certainly Monero deserves to be above things like Ripple and Bcash. Given that Ethereum is over $65B, Bcash and Ripple are each around $30B, I see a $50B market cap for Monero as totally realistic. Ledger wallet, multisig and bulletproofs are all yet to be priced in, so $1000+ before October 2018 is quite likely, in my opinion.

[CTTE]

Monero still underpriced. I'm not totally certain that it will exceed Ethereum by market cap, but certainly Monero deserves to be above things like Ripple and Bcash. Given that Ethereum is over $65B, Bcash and Ripple are each around $30B, I see a $50B market cap for Monero as totally realistic. Ledger wallet, multisig and bulletproofs are all yet to be priced in, so $1000+ before October 2018 is quite likely, in my opinion.

So, you are expecting Monero to increase 3x the current price in the next 10 months?  When was the last time growth was that low?  Think about what it has averaged for the last 2 years and if you want to be conservative discount that number.  My gut feel is we should see a 7 to 15 times increase from now over the next year if the following happen as planned and no really catastrophic events derail things.

• Bullet Proofs is implemented successfully
• Kovri
• Coinbase adoption
• Multisig and major DNM adoption

If all of this comes through, I can't imagine we would not increase 10x by the end of 2018 and if we meet the $425 projection I've seen talked about by Christmas, that would be $4250. I will have 2 very Merry Christmas's in a row at that point!

[explorer]

Monero still underpriced. I'm not totally certain that it will exceed Ethereum by market cap, but certainly Monero deserves to be above things like Ripple and Bcash. Given that Ethereum is over $65B, Bcash and Ripple are each around $30B, I see a $50B market cap for Monero as totally realistic. Ledger wallet, multisig and bulletproofs are all yet to be priced in, so $1000+ before October 2018 is quite likely, in my opinion.

So, you are expecting Monero to increase 3x the current price in the next 10 months?  When was the last time growth was that low?  Think about what it has averaged for the last 2 years and if you want to be conservative discount that number.  My gut feel is we should see a 7 to 15 times increase from now over the next year if the following happen as planned and no really catastrophic events derail things.

• Bullet Proofs is implemented successfully
• Kovri
• Coinbase adoption
• Multisig and major DNM adoption

If all of this comes through, I can't imagine we would not increase 10x by the end of 2018 and if we meet the $425 projection I've seen talked about by Christmas, that would be $4250. I will have 2 very Merry Christmas's in a row at that point!

I will hold that as a conservative vision, if bitcoin does big things (that are not complete crashes)  CMC  US$350 hit in the last hour... 425 is clossssse...

[infofront]

This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.

Cool stats, they match my sense of what is happening.  I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero.

You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark.  I am having to adjust my trading stance accordingly...  

EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems

It doesn't hurt that the WO moderator moonlights here. 

[sui_generis]

Yep, I'm just being very conservative. I think a near term price of multiple thousands would require some significant improvements in usability and privacy, however. Beyond just the space savings of bullet proofs, Monero transactions need a larger anonymity set. I don't think that the current ringsizes are sufficient for truly inscrutable privacy.

I haven't heard much about RuffCT/RingCT2.0, or whatever it's called now. If I remember correctly, using the entire blockchain as an anonymity set was mentioned at one point. Any news in this area?

[ProkhorZ]

Hey, has anybody used the mobile wallet "monerujo" (https://play.google.com/store/apps/details?id=com.m2049r.xmrwallet)? I'm due to move most of my XMR off the exchanges and I'm not in a position to host a full node, nor do I have enough that I would bother with cold storage.

Monerujo is open source and as reliable as it gets. It's just a wrapper for the regular Linux wallet anyway. The Monero subreddit recommends Monerujo and warns that Freewallet is a scam.

For long-term storage, you could create a written paper wallet using an offline address generator, so you don't need to connect to the blockchain at all. Of course you can't check your funds on a block explorer - that's a downside of Monero's anonymity in this case.

[Hueristic]

Fixed:

Stinking polo screwed me again today, put a long in at .01680020 .01800020 and it filled and immediately cancelled as the price spiked. They are such fucking scammers now. I wouldn't doubt they are controlling the P&Ds as they are so much more pronounced now even with such a large market cap.

[explorer]

Stinking polo screwed me again today, put a long in at .01800020 and it filled and immediately cancelled as the price spiked. They are such fucking scammers now. I wouldn't doubt they are controlling the P&Ds as they are so much more pronounced now even with such a large market cap.

I wonder that there is not so much outcry on this issue. Or maybe I live under a rock.  Regardless, they do this to me as well (the fees never disappear, only the position), and some weird shit goes on with the margin calculations when it's busy. Count yourself lucky on failing to long @ 0.018  Hope you got in lower  

[megadeth]

If XMR could break the ATH vs USD and BTC together in 2018, that would be great.

[chichidori]

Altcoins are getting pulled when bitcoin spikes but will hit rock bottom when it goes down, monero is now sitting on the price where ETH once sat if it all goes well we might see monero climbing up the ladder at 2018.

[cAPSLOCK]

This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.

Cool stats, they match my sense of what is happening.  I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero.

You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark.  I am having to adjust my trading stance accordingly...  

EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems

It doesn't hurt that the WO moderator moonlights here. 

No pain at all.  As a wise man has told me... the moon is black and orange.

But...  all will be what all will be. 

[cAPSLOCK]

It's Bitcoin Cash.

No.  It's whatever the fuck *I* want to call it and it is BCASH. 

Are we straight?

[jwinterm]

It's Bitcoin Cash.

No.  It's whatever the fuck *I* want to call it and it is BCASH. 

Are we straight?

Personally I prefer Bitcointrash myself. 

Predictions for the morning - BTC smashes $20k before CME futures open and XRM gets above 0.02 for $400+ coins.

[Globb0]

This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.

Cool stats, they match my sense of what is happening.  I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero.

You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark.  I am having to adjust my trading stance accordingly...  

EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems

It doesn't hurt that the WO moderator moonlights here. 

No pain at all.  As a wise man has told me... the moon is black and orange.

But...  all will be what all will be. 

I so wish we had a like button. 

We held nice and stable and poised while the madness went on that could have sent us much nearer to zero.

I still couldnt bare to flip any. I have faith in Monero!

Goooooooo!

[rinus]

This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.

Cool stats, they match my sense of what is happening.  I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero.

You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark.  I am having to adjust my trading stance accordingly...  

EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems

It doesn't hurt that the WO moderator moonlights here. 

No pain at all.  As a wise man has told me... the moon is black and orange.

But...  all will be what all will be. 

I so wish we had a like button. 

We held nice and stable and poised while the madness went on that could have sent us much nearer to zero.

I still couldnt bare to flip any. I have faith in Monero!

Goooooooo!

Agreed, me as well. Can't sell any. Perfections about 4250 end of 2018 I think are a bit much, but 2000 is maybe double?

[realediston]

This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.

Cool stats, they match my sense of what is happening.  I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero.

You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark.  I am having to adjust my trading stance accordingly...  

EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems

It doesn't hurt that the WO moderator moonlights here. 

No pain at all.  As a wise man has told me... the moon is black and orange.

But...  all will be what all will be. 

I so wish we had a like button. 

We held nice and stable and poised while the madness went on that could have sent us much nearer to zero.

I still couldnt bare to flip any. I have faith in Monero!

Goooooooo!

Agreed, me as well. Can't sell any. Perfections about 4250 end of 2018 I think are a bit much, but 2000 is maybe double?

You meant predictions ?

Who predicted 4250 ? please a link ?

[rinus]

This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero

Out of 1.2 million /r/,  Monero is:

No. 104   Fastest growing yesterday
No. 117   Fastest growing last 7 days
No. 201   Fastest growing last 30 days
No. 427   Fastest growing last 90 days

Over 1000 new subscribers per day, and accelerating.  Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more.  Ranked  near top 0.1% (for # subscribers on that site) and exploding upward.  This is visibility, adoption, exposure, whatever you want to call it.  Here it comes.

go  back 1 page on this threat

Cool stats, they match my sense of what is happening.  I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero.

You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark.  I am having to adjust my trading stance accordingly...  

EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems

It doesn't hurt that the WO moderator moonlights here. 

No pain at all.  As a wise man has told me... the moon is black and orange.

But...  all will be what all will be. 

I so wish we had a like button. 

We held nice and stable and poised while the madness went on that could have sent us much nearer to zero.

I still couldnt bare to flip any. I have faith in Monero!

Goooooooo!

Agreed, me as well. Can't sell any. Perfections about 4250 end of 2018 I think are a bit much, but 2000 is maybe double?

You meant predictions ?

Who predicted 4250 ? please a link ?

[generalizethis]

4250 seems reasonable to me--I don't think I've gone nuts, but maybe you're the last to notice? 

[Febo]

Yep, I'm just being very conservative. I think a near term price of multiple thousands would require some significant improvements in usability and privacy, however. Beyond just the space savings of bullet proofs, Monero transactions need a larger anonymity set. I don't think that the current ringsizes are sufficient for truly inscrutable privacy.

I haven't heard much about RuffCT/RingCT2.0, or whatever it's called now. If I remember correctly, using the entire blockchain as an anonymity set was mentioned at one point. Any news in this area?

That was put aside because RuffCT would need trusted setup. Monero Research Lab is still looking at progress of it, but as it is right now it cant be added to Monero.

[DaveyJones]

Yep, I'm just being very conservative. I think a near term price of multiple thousands would require some significant improvements in usability and privacy, however. Beyond just the space savings of bullet proofs, Monero transactions need a larger anonymity set. I don't think that the current ringsizes are sufficient for truly inscrutable privacy.

I haven't heard much about RuffCT/RingCT2.0, or whatever it's called now. If I remember correctly, using the entire blockchain as an anonymity set was mentioned at one point. Any news in this area?

That was put aside because RuffCT would need trusted setup. Monero Research Lab is still looking at progress of it, but as it is right now it cant be added to Monero.

RuffCT and RingCT2.0 are two different things afaik CT2.0 is the one with the trusted setup.