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Author Topic: [XMR] Monero Speculation  (Read 3199649 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 2 users deleted.)
cAPSLOCK
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UNLEASH THE FURY!


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January 11, 2018, 04:09:20 AM
 #35961

Were getting screwed Gangnam style. :/
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jeoarx
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January 11, 2018, 04:50:40 AM
 #35962

Now is a good entry point , wish i had cash to buy more.
Anon136
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January 11, 2018, 05:26:11 AM
 #35963

South Korea Prepares Bill To Ban Cryptocurrency Trading, Raids Largest Exchanges For Tax Evasion

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
artmen007
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FrontEnd developer


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January 11, 2018, 05:40:12 AM
 #35964

Now seeing that all anonymous cryptocurrencies begin to grow strongly. Due to the fact that Korea is a closed exchange. With China not all clear. America all ZEC scary. Looks like that anonymous cryptocurrencies will be in great demand. Monera, until the beginning of the year is still not much of races I think for those who haven't bought it the last opportunity to buy relatively cheap. I think over 1000 for Monaro will see by the spring

High risk high payoff
Fgomes87
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January 11, 2018, 10:58:35 AM
 #35965

Looks like some progress on Ledger support:

https://github.com/monero-project/monero/pull/3095


I'm very happy to see this. We're now one step to have monero support to our ledgers. I hope it's for both blue and nano s.


KEEP up the good work devs. 🍻🍻🍻
andromedka
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January 11, 2018, 11:14:36 AM
 #35966

People ony HODL MONERO but What is it good for?
Only for holding ?

i want pay with MONERO, not only holding in wallet.

https://www.onebitcoinbuy.com/monero-xmr-coin-market-buysell-cryptocurrency.php

 Shocked
nominee
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January 11, 2018, 11:37:21 AM
 #35967

Now seeing that all anonymous cryptocurrencies begin to grow strongly. Due to the fact that Korea is a closed exchange. With China not all clear. America all ZEC scary. Looks like that anonymous cryptocurrencies will be in great demand. Monera, until the beginning of the year is still not much of races I think for those who haven't bought it the last opportunity to buy relatively cheap. I think over 1000 for Monaro will see by the spring

If you're right with your argument, anonymous coins will be more valuable in the near future since people don't want to be traced by the governments and banks. They will prefer coins like Monero.
obit33
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January 11, 2018, 12:30:41 PM
 #35968

People ony HODL MONERO but What is it good for?
Only for holding ?

i want pay with MONERO, not only holding in wallet.

https://www.onebitcoinbuy.com/monero-xmr-coin-market-buysell-cryptocurrency.php

 Shocked

there are lots of places where you can buy stuff with monero, albeit not always very visible  Wink

and if you want you can use https://xmr.to/ so you can pay with monero wherever btc is accepted
generalizethis
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Facts are more efficient than fud


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January 11, 2018, 12:36:11 PM
 #35969

People ony HODL MONERO but What is it good for?
Only for holding ?

i want pay with MONERO, not only holding in wallet.

https://www.onebitcoinbuy.com/monero-xmr-coin-market-buysell-cryptocurrency.php

 Shocked

I thought it was good for transactions where you aren't already served by credit cards.

Alanin
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January 11, 2018, 12:51:58 PM
 #35970

People ony HODL MONERO but What is it good for?
Only for holding ?

i want pay with MONERO, not only holding in wallet.

https://www.onebitcoinbuy.com/monero-xmr-coin-market-buysell-cryptocurrency.php

 Shocked

SR3 is adding Monero as payment method this month or next. Together with other top# coins.
I'd imagine that the rest of the onion community will follow up sooner or later.
DrYM
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January 11, 2018, 01:35:50 PM
 #35971

Due to the instability of prices, there is currently no currency that can be used for buying things, without the buyer feeling regret and remorse a few weeks later... Prices needs to be more stable and then the currencies can be used...
generalizethis
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January 11, 2018, 02:03:55 PM
 #35972

Due to the instability of prices, there is currently no currency that can be used for buying things, without the buyer feeling regret and remorse a few weeks later... Prices needs to be more stable and then the currencies can be used...

AFAIK Globee allows for fast conversion to fiat, so unless you are choosing to hodl, volatility shouldn't be a factor.



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January 11, 2018, 02:05:14 PM
 #35973

Does Korea wanna ban crypto completely or just regulate it? I imagine that a complete ban will affect crypto in general no?
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January 11, 2018, 02:22:11 PM
 #35974

Does Korea wanna ban crypto completely or just regulate it? I imagine that a complete ban will affect crypto in general no?

They want what every government wants:  More control and more, always more, taxes from the slaves.  A complete ban would deliver the opposite of that, so IMO clearly NOT the intention.  A ban represents an instant and complete loss of control, and a complete cessation of any flow from any already compliant tax donkeys.  Not to mention looking incredibly stupid on the world stage. 
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January 11, 2018, 02:23:08 PM
 #35975

Does Korea wanna ban crypto completely or just regulate it? I imagine that a complete ban will affect crypto in general no?

It seems, that it was misinterpreted by media. They probably just want stricter KyC/AML regulations (Source)
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January 11, 2018, 03:15:21 PM
 #35976

Does Korea wanna ban crypto completely or just regulate it? I imagine that a complete ban will affect crypto in general no?

When crypto gets used more, it is just more debated. Every Minister have own vision.  Prohibiting crypto in any country would be super stupid. Only thing achieved would be lower economic growth.   In countries where is low crypto awareness, there cant be talk of baning since there is no talk at all about it.

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January 11, 2018, 03:19:02 PM
 #35977

Their argument before was young people making too much money then turning to deal drugs. lol.

But surely if they buy a house and pay a builder and buy a car and all the rest the money is going into the local economy.

Who is cancelling that?

What's also interesting is how far up a crypto boom could move a nation if they are ahead of other lesser adopters. As the money ripples out from their users.

 

Don't complain about the floods, floods happen. Be a boatbuilder.
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January 11, 2018, 06:08:41 PM
 #35978


Countries that have any kind of foreign exchange controls will have  no choice but to ban or severely restrict crypto currency trading. This is what happened in China and now in South Korea. Iceland also has very strict rules. Foreign exchange controls are frowned upon by the WTO; however some countries find legal loopholes around this. Monero and Bitcoin have a way of exposing these legal games through otherwise unexplained arbitrage spreads as is currently the case in South Korea. I suggest that foreign exchange controls as opposed to taxation or controlling speculation as the real reason behind the South Korean government move; however I doubt very much that the South Korean government will admit this.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
Anon136
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January 11, 2018, 06:13:36 PM
 #35979

People ony HODL MONERO but What is it good for?
Only for holding ?

i want pay with MONERO, not only holding in wallet.

https://www.onebitcoinbuy.com/monero-xmr-coin-market-buysell-cryptocurrency.php

 Shocked
I convinced my landlord to accept it for rent!



Countries that have any kind of foreign exchange controls will have  no choice but to ban or severely restrict crypto currency trading. This is what happened in China and now in South Korea. Iceland also has very strict rules. Foreign exchange controls are frowned upon by the WTO; however some countries find legal loopholes around this. Monero and Bitcoin have a way of exposing these legal games through otherwise unexplained arbitrage spreads as is currently the case in South Korea. I suggest that foreign exchange controls as opposed to taxation or controlling speculation as the real reason behind the South Korean government move; however I doubt very much that the South Korean government will admit this.
Wow, insightful. I suspect you are correct.

Rep Thread: https://bitcointalk.org/index.php?topic=381041
If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
Billy Bunter
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January 11, 2018, 07:04:09 PM
 #35980


Countries that have any kind of foreign exchange controls will have  no choice but to ban or severely restrict crypto currency trading. This is what happened in China and now in South Korea. Iceland also has very strict rules. Foreign exchange controls are frowned upon by the WTO; however some countries find legal loopholes around this. Monero and Bitcoin have a way of exposing these legal games through otherwise unexplained arbitrage spreads as is currently the case in South Korea. I suggest that foreign exchange controls as opposed to taxation or controlling speculation as the real reason behind the South Korean government move; however I doubt very much that the South Korean government will admit this.

Interesting take on the situation here:

https://np.reddit.com/r/BitcoinMarkets/comments/7pls2r/megathread_korean_bans_crypto_episode_3/dsi8id8/

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