[XMR] Monero Speculation

[johnalan]

Can we see 800usd this year if bitcoin remains going sideways?

If we don't see 1500usd this year something is wrong.

[Billy Bunter]

Looks like some progress on Ledger support:

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

[tokeweed]

We have come along way when people query was is the price so low at $500 

It's not about where it is in 'USD value now', it's if it can out perform BTC in the market.  Marketcap isn't really a good metric to measure how good a cryptocurrency is, but as speculators, you want yours to be the best performing coin in the market, out pacing every coin and moving up the ladder.

[generalizethis]

We have come along way when people query was is the price so low at $500  

It's not about where it is in 'USD value now', it's if it can out perform BTC in the market.  Marketcap isn't really a good metric to measure how good a cryptocurrency is, but as speculators, you want yours to be the best performing coin in the market, out pacing every coin and moving up the ladder.

+ pulling the charts out far enough to see the overall performance relative to BTC. A short enough timeframe will validate any number of absurd claims, positive or negative.

[denetci]

I think we will see 1,500 dollars in the short vault. Between 3-6 months I mean short vaults. I trust Monero. i think we all trust monero

[Veseloff]

Hello! Who can intelligibly explain what pushes the price of a coin? Is it worth it to sit on the longevity, or fix the profit and exit it? Are there fundamental events in 2018?

[ultegra]

Has anyone managed to successfully verify their poloniex account recently?

Frustrating that i submitted my documents a few days ago, but get know indication of progess thru the profile page.

[Oakey22]

Has anyone managed to successfully verify their poloniex account recently?

Frustrating that i submitted my documents a few days ago, but get know indication of progess thru the profile page.

I have heard the process is very long winded and takes a while for them to get back to you. Just sit back and wait, I am sure they will get through to you eventually. Let's remember too that they must be really busy with all the new registrations

[aminorex]

Hello! Who can intelligibly explain what pushes the price of a coin? Is it worth it to sit on the longevity, or fix the profit and exit it? Are there fundamental events in 2018?

A. Supply and demand.

B. If the estimated return distribution over time fits your goals better than any alternative allocation, you should not adjust your allocation.

C. Some expected fundamental events in 2018:  

* The everything bubble - stocks, bonds, real estate - stops inflating as China slows or (ZOMG!!) reverses US sovereign bond flows.

* Oil price rises as ROEI declines, dragging hard money prices up with it, and retarding the global productivity curve.

* Crypto correction hits BTC first, later ETH.  BTC snaps back with Lightning.  

* XMR demand rises with improvements to:

1. Ease of use (e.g. native iOS wallet, multisig in core GUI, hardware wallets);

2. access (direct USD exchange);

3. privacy (Kovri);

4. scalability (bullet proofs); and,

5. further market penetration and expanding transaction volume (Globee, DNMs).

* XMR supply drops with increasing difficulty, reduced rewards, rising reserve demand.

But the real wild card is the potential for a hyperinflation crisis in the FX majors.  This becomes much more likely if strategic polarization or nationalism break the central banking quid pro quo balance.  The Chinese bond flow news could be the first big crack in the dam, or not.

[rinus]

Hello! Who can intelligibly explain what pushes the price of a coin? Is it worth it to sit on the longevity, or fix the profit and exit it? Are there fundamental events in 2018?

A. Supply and demand.

B. If the estimated return distribution over time fits your goals better than any alternative allocation, you should not adjust your allocation.

C. Some expected fundamental events in 2018:  

* The everything bubble - stocks, bonds, real estate - stops inflating as China slows or (ZOMG!!) reverses US sovereign bond flows.

* Oil price rises as ROEI declines, dragging hard money prices up with it, and retarding the global productivity curve.

* Crypto correction hits BTC first, later ETH.  BTC snaps back with Lightning.  

* XMR demand rises with improvements to:

1. Ease of use (e.g. native iOS wallet, multisig in core GUI, hardware wallets);

2. access (direct USD exchange);

3. privacy (Kovri);

4. scalability (bullet proofs); and,

5. further market penetration and expanding transaction volume (Globee, DNMs).

* XMR supply drops with increasing difficulty, reduced rewards, rising reserve demand.

But the real wild card is the potential for a hyperinflation crisis in the FX majors.  This becomes much more likely if strategic polarization or nationalism break the central banking quid pro quo balance.  The Chinese bond flow news could be the first big crack in the dam, or not.

What does that mean price wise for 2018?

[aminorex]

What does that mean price wise for 2018?

Volatile but bullish - same as usual.

[Hueristic]

Bitshares is a blockchain that has on-chain exchange features. It isn't "controlled by four centralized entities" specifically, though it is proof of stake which means very large stakeholders control the chain and I have no idea how many of those there are.

Moving on to openledger. In order to trade any non-native assets (non-native being any coin other than BTS itself, on-chain derivatives such as BitUSD/BitCNY/etc., or tokens issued on the Bitshares chain) you need a custodian to hold the deposits. The custodian then issues tokens which act as on-chain placeholders for the deposits (e.g. OPEN.BTC, OPEN.USD, etc. in the case of openledger). In order to deposit or withdraw the placeholder tokens you need satisfy the KYC, etc. requirements of the custodian (openledger) in a similar manner as you would a regular exchange, although you don't need to satisfy their requirements in order to trade the tokens, since that happens on the blockchain itself.

I don't know anything about Banx, nor do I know anything about the KYC requirements of openledger.

Good info, thx. I think Banx locked onto the bitshares project and tainted it by association. I'd like to learn more acout how they exchange for fiat. The bolded is important.

[Febo]

Has anyone managed to successfully verify their poloniex account recently?

Frustrating that i submitted my documents a few days ago, but get know indication of progess thru the profile page.

I finally submited on Sunday. What is frustrating to me is, that I dont even see if my verification is pending or not. I just hope it is.

[smooth]

Bitshares is a blockchain that has on-chain exchange features. It isn't "controlled by four centralized entities" specifically, though it is proof of stake which means very large stakeholders control the chain and I have no idea how many of those there are.

Moving on to openledger. In order to trade any non-native assets (non-native being any coin other than BTS itself, on-chain derivatives such as BitUSD/BitCNY/etc., or tokens issued on the Bitshares chain) you need a custodian to hold the deposits. The custodian then issues tokens which act as on-chain placeholders for the deposits (e.g. OPEN.BTC, OPEN.USD, etc. in the case of openledger). In order to deposit or withdraw the placeholder tokens you need satisfy the KYC, etc. requirements of the custodian (openledger) in a similar manner as you would a regular exchange, although you don't need to satisfy their requirements in order to trade the tokens, since that happens on the blockchain itself.

I don't know anything about Banx, nor do I know anything about the KYC requirements of openledger.

Good info, thx. I think Banx locked onto the bitshares project and tainted it by association. I'd like to learn more acout how they exchange for fiat. The bolded is important.

Unfortunately "FIAT deposits and withdrawals are temporarily disabled. Sorry for inconvenience"

https://openledger.freshdesk.com/support/solutions/articles/33000203466-how-do-i-make-fiat-deposits-and-withdrawals-

[Hueristic]

Bitshares is a blockchain that has on-chain exchange features. It isn't "controlled by four centralized entities" specifically, though it is proof of stake which means very large stakeholders control the chain and I have no idea how many of those there are.

Moving on to openledger. In order to trade any non-native assets (non-native being any coin other than BTS itself, on-chain derivatives such as BitUSD/BitCNY/etc., or tokens issued on the Bitshares chain) you need a custodian to hold the deposits. The custodian then issues tokens which act as on-chain placeholders for the deposits (e.g. OPEN.BTC, OPEN.USD, etc. in the case of openledger). In order to deposit or withdraw the placeholder tokens you need satisfy the KYC, etc. requirements of the custodian (openledger) in a similar manner as you would a regular exchange, although you don't need to satisfy their requirements in order to trade the tokens, since that happens on the blockchain itself.

I don't know anything about Banx, nor do I know anything about the KYC requirements of openledger.

Good info, thx. I think Banx locked onto the bitshares project and tainted it by association. I'd like to learn more acout how they exchange for fiat. The bolded is important.

Unfortunately "FIAT deposits and withdrawals are temporarily disabled. Sorry for inconvenience"

https://openledger.freshdesk.com/support/solutions/articles/33000203466-how-do-i-make-fiat-deposits-and-withdrawals-

Yeah, this is not very informative. Very unprofessional in the very least. I'm not trusting this exchange.

FIAT deposits and withdrawals are temporarily disabled. Sorry for inconvenience.

I  found this as well.

https://coinjournal.net/michael-taggart-involved-banx-scam/

[cAPSLOCK]

Were getting screwed Gangnam style. :/

[jeoarx]

Now is a good entry point , wish i had cash to buy more.

[Anon136]

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

[artmen007]

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

[Fgomes87]

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. 🍻🍻🍻