[XMR] Monero Speculation

[Febo]

It is unusual for Monero to go up without any reason. But you see also some other coins up. Decred, ...    And you see random coins going up everyday without any reason. So I guess why not.   But with in the air so many things, then sort of cant not be no reason in Monero at all.

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[explorer]

It is unusual for Monero to go up without any reason. But you see also some other coins up. Decred, ...    And you see random coins going up everyday without any reason. So I guess why not.   But with in the air so many things, then sort of cant not be no reason in Monero at all.

Ya, my thoughts jump immediately to new release news...

[paratox]

Maybe people were impressed by fluffy's talk at the conference and want to get in as soon as possible.

[Febo]

Monero had not had leg up from end of August.  So almost half a year. Maybe it is time for next x3.

[ArticMine]

Now the question becomes will we see a break of 0.03558 XBT, that is not a false breakout. Interestingly my post from June of last year otherwise still applies (except for the fact that I no longer hold any XBT).

Some of my thoughts on Monero and the current crypto currency boom.

1) Monero has been in a consolidation phase with respect to Bitcoin since August of 2016. Take a look at the XMR/XBT weekly chart on a log scale https://bitcoinwisdom.com/markets/poloniex/xmrbtc and tell me what you see. The last major move was from 0.0016 XBT in June 2016 to a high of 0.0265 XBT in August 2016 for an increase of over 1600%. If the 0.0265 XBT high is broken on volume another major move upward is possible.
2) The current crypto currency boom has seen Bitcoin to fall to under 40% market dominance. To put is bluntly this is indicative that there is something seriously wrong with Bitcoin. My take is that this is related to the fixed 1 MB blocksize limit in Bitcoin together with the consequence of skyrocketing fees and seriously delayed transactions. These are problems for which Monero has a solution. The market is looking for an alt coin solution and for the time being has focused to a large degree on Ethereum. My take is that while Ethereum has its uses that may justify its market cap replacing BItcoin is not one of them.. If the market chooses Monero then all bets are off.
3) The hackers are quietly hacking away.  Sooner or later significant improvements will materialize. As to when? Who knows. That is the nature of FLOSS development. A recent example of this is multi sig, which is current being tested and not yet ready for main chain deployment.

My take is that if one is short Monero, the risk of a brutal negative reckoning is very high. As to when and to what extent I have no idea.

This is not investment advice. The risk of a complete loss of funds on a Monero position long or short (or more for a leveraged position) is very high. Please do your due diligence and obtain appropriate professional advice before investing or speculating. Disclosure: I have long positions in XMR, XBT and NMC, and I am also involved in the Monero project as a core team member.

[IntroVert]

The fact there is now (I hope legitimate) iOS wallet and Coinomi testing XMR solution might bring new adoption levels... might be the reason for the gentle pump going on.

[MaskOffFuture]

Monero had not had leg up from end of August.  So almost half a year. Maybe it is time for next x3.

I know the next big point is $1,000 for Monero but I can't understand the time for this. I'm preparing to buy some Monero before this action to take place. I think this will happen in the third quarter of the year.

[Billy Bunter]

Monero had not had leg up from end of August.  So almost half a year. Maybe it is time for next x3.

I know the next big point is $1,000 for Monero but I can't understand the time for this. I'm preparing to buy some Monero before this action to take place. I think this will happen in the third quarter of the year.

Monero simply doesn't run at that pace. If $1000 is going to happen, it will happen a lot quicker than that.

[TheFuzzStone]

[Big Naturals]

Does XMR work with any of the hardware wallets?

[Moon_Man]

Does XMR work with any of the hardware wallets?

not yet but should be on ledger nano real soon, Q1 2018

[explorer]

Does XMR work with any of the hardware wallets?

Ledger Nano S is imminent.  Monero only wallet probably before summer.  Trezor may eventually follow.  But no, as of this moment, there isn't one yet.

[megadeth]

The FOMO at BTC ATH break will be unreal. XMR has been quiet AF this alt season.

[vit05]

New iOS wallet for Monero:
https://www.reddit.com/r/Monero/comments/7ri9v8/our_monero_wallet_called_cakewallet_for_ios_is/

Is there any credibility to this?

Well it exists - it’s not vaporware. It’s on the Apple store apparently. That said, it’s not yet been open-sourced so people are understandably wary.

Just seen this and came here for more information. It is just to risk to install something like this. It would be great if there was more news and people testing. No open sourced is another red flag

[explorer]

New iOS wallet for Monero:
https://www.reddit.com/r/Monero/comments/7ri9v8/our_monero_wallet_called_cakewallet_for_ios_is/

Is there any credibility to this?

Well it exists - it’s not vaporware. It’s on the Apple store apparently. That said, it’s not yet been open-sourced so people are understandably wary.

Just seen this and came here for more information. It is just to risk to install something like this. It would be great if there was more news and people testing. No open sourced is another red flag

https://www.reddit.com/r/Monero/comments/7rmv29/thank_for_the_positive_feedback_on_cake_wallet/

https://www.reddit.com/r/Monero/comments/7rm4zq/cake_wallet_experiences/

[bitebits]

Monero had not had leg up from end of August.  So almost half a year. Maybe it is time for next x3.

I know the next big point is $1,000 for Monero but I can't understand the time for this. I'm preparing to buy some Monero before this action to take place. I think this will happen in the third quarter of the year.

Monero simply doesn't run at that pace. If $1000 is going to happen, it will happen a lot quicker than that.

I have you covered guys, it will hit $777 somewhere around the middle of June.


Eager to use the first iOS wallet though, as soon as both are open sourced and reviewed.
Mobile wallets are great for giving away small amounts to friends and people interested (they need to be open source though, reviewed and able to connect to my own node).

There is no better way than showing how Monero works, instead of just talking about it. And with the inevitable increase in value and need for financial privacy, people slowly learn.
Still sad I can't do this anymore with Bitcoin because of the high fees. The $5 bitcoin bits I gave away in 2013 - 2015 finally got people interested in 2017 when they suddenly had >$250 in their wallet. People are weird.

[Globb0]

What does this mean (at Biance) please? Just joining


Using BNB to pay for fees（50% discount）ON

[Billy Bunter]

Kasisto (Point of Sale) up and running. Looks very impressive:

https://www.reddit.com/r/Monero/comments/7rsgi9/kasisto_pos_in_22_seconds/

[amaral1977]

What does this mean (at Biance) please? Just joining


Using BNB to pay for fees（50% discount）ON

If you are a holder of BNB tokens you get that 50% discount on trading fees.

[Hueristic]

Some of my thoughts on Monero and the current crypto currency boom.

Monero has been in a consolidation phase with respect to Bitcoin since August of 2016. Take a look at the XMR/XBT weekly chart on a log scale https://bitcoinwisdom.com/markets/poloniex/xmrbtc and tell me what you see. The last major move was from 0.0016 XBT in June 2016 to a high of 0.0265 XBT in August 2016 for an increase of over 1600%. If the 0.0265 XBT high is broken on volume another major move upward is possible.

The current @crypto currency boom has seen Bitcoin to fall to under 40% market dominance. To put is bluntly this is indicative that there is something seriously wrong with Bitcoin. My take is that this is related to the fixed 1 MB blocksize limit in Bitcoin together with the consequence of skyrocketing fees and seriously delayed transactions. These are problems for which @Monero has a solution. The market is looking for an alt coin solution and for the time being has focused to a large degree on Ethereum. My take is that while @Ethereum has its uses that may justify its market cap replacing BItcoin is not one of them.. If the market chooses Monero then all bets are off.

The hackers are quietly hacking away. Sooner or later significant improvements will materialize. As to when? Who knows. That is the nature of FLOSS development. A recent example of this is multi sig, which is current being tested and not yet ready for main chain deployment.

My take is that if one is short Monero, the risk of a brutal negative reckoning is very high. As to when and to what extent I have no idea

https://steemit.com/bitcoin/@sayyedraza/xmr-monero-speculation

is there a point to plagiarizing a 7 month old steemit post?

Good catch.

Here is my original BCT post. The Steemit post was also plagiarized:

Some of my thoughts on Monero and the current crypto currency boom.

1) Monero has been in a consolidation phase with respect to Bitcoin since August of 2016. Take a look at the XMR/XBT weekly chart on a log scale https://bitcoinwisdom.com/markets/poloniex/xmrbtc and tell me what you see. The last major move was from 0.0016 XBT in June 2016 to a high of 0.0265 XBT in August 2016 for an increase of over 1600%. If the 0.0265 XBT high is broken on volume another major move upward is possible.
2) The current crypto currency boom has seen Bitcoin to fall to under 40% market dominance. To put is bluntly this is indicative that there is something seriously wrong with Bitcoin. My take is that this is related to the fixed 1 MB blocksize limit in Bitcoin together with the consequence of skyrocketing fees and seriously delayed transactions. These are problems for which Monero has a solution. The market is looking for an alt coin solution and for the time being has focused to a large degree on Ethereum. My take is that while Ethereum has its uses that may justify its market cap replacing BItcoin is not one of them.. If the market chooses Monero then all bets are off.
3) The hackers are quietly hacking away.  Sooner or later significant improvements will materialize. As to when? Who knows. That is the nature of FLOSS development. A recent example of this is multi sig, which is current being tested and not yet ready for main chain deployment.

My take is that if one is short Monero, the risk of a brutal negative reckoning is very high. As to when and to what extent I have no idea.

This is not investment advice. The risk of a complete loss of funds on a Monero position long or short (or more for a leveraged position) is very high. Please do your due diligence and obtain appropriate professional advice before investing or speculating. Disclosure: I have long positions in XMR, XBT and NMC, and I am also involved in the Monero project as a core team member.

Hah! That's the first time I've seen a XMR post plagiarized twice!

For those of you not on Reddit and whom may be interested, I posted a write up titled:

Your Guide to Monero, and Why it Has Great Potential.

https://www.reddit.com/r/CryptoCurrency/comments/7ra409/your_guide_to_monero_and_why_it_has_great/

"TAILS Operating System Integration" This was supposed to be done well over a year ago. I'm surprised to see it hasn't already been done. It's pretty easy to add a package to a distro. Maybe got stopped when Snow made that comment?

...

What does this mean (at Biance) please? Just joining


Using BNB to pay for fees（50% discount）ON

If you are a holder of BNB tokens you get that 50% discount on trading fees.

Looks too late, but who knows.