[XMR] Monero Speculation

[explorer]

Well what is the highest price do people think monero could become. Does anyone think it could possibly hit 5k or 10k or even more?

I wouldn't expect more than that this year.  My personal bull thoughts are 1500 worst case, 10K euphoria.  If there is a raging wild fire through cryptoland, then the bull may get grilled as steaks, and who knows how it plays out.  Still optimistic though currently down 50% for 2018.  There is a lot of 2018 remaining.  As for beyond that, highest price  I'd be pretty stunned to see it over 10 000 000, ever.  The $ comparison would fail before that happens, because nobody would be using $ for anything but paying taxes in the US, maybe not even that.

[1653754641]

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[1653754641]

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[explorer]

I think this crash was planned and orchestrated, many things came together and created this perfect storm:

- The mid January (Asian New Years) sell off.

- CMC removing Korea without announcement.

- Whales dumping and weak hands jumping in.

- The mainstream media (and even Cointelegraph and others) writing fake news FUD articles every other day (whenever it went up a little). So many fake news articles: Korea bans Crypto, India bans crypto, the list goes on.

- Tether FUD. What happened to innocent until proven guilty? People just assumed that they are scammers. The reserve banks of the world print unlimited money and pump it into the economy, stock market etc. But Tether is the BIG problem?

- The 100 richest Bitcoin adresses have increased and not decreased their holdings during the last four weeks.


Anyway, this correction / crash might also be a good thing, a lot of people came in for the wrong reasons, not caring about blockchain technology at all, expecting to get rich in a few month. This might be a needed cleanse and gve a fresh start. At least thats what I’m telling myself.

good to be a contrarian.
it helps during difficult moments.

I do hope we see a bottom soon.  The charts keep on going down

other simultaneities:
-financial crisis beginning in US  the world
-political mess in the same country world

[explorer]

Well what is the highest price do people think monero could become. Does anyone think it could possibly hit 5k or 10k or even more?

So transaction fees were about 4 dollars or so when the price was 500.

That was just for lazy/ignorant/generous/impatient/urgent people.  It barely topped a dollar for anyone willing to push (literally) one or two buttons and risk (small risk) <4 minutes vs <2 to confirm. So I would multiply your findings by 4...

note:  I've been here since early 2014, and I did (guessing) more transactions in the last 6 months than the 3 prior years combined.  I paid a tick over a dollar once, and something like $60 once when I fucked up on margin and was desperate to cut every second possible from the confirmation time by guaranteeing the next block.

[madgpt]

Monero was getting some momentum all signs were great...
Then entire crypto market drops 20%+
Gotta love crypto though in all seriousness its such a fickle market

[tokeweed]

*bump*

https://bitcointalk.org/index.php?topic=2711461.0

This will never happen.

Never say never, the market tends to overreact unpredictably at times.  I mean I sure don't want this to happen but I'm not gonna be denying that 'it will never happen' either.  Apathy and fear are the market's greatest enemies and that's what we are facing.

[rinus]

*bump*

https://bitcointalk.org/index.php?topic=2711461.0

This will never happen.

Never say never, the market tends to overreact unpredictably at times.  I mean I sure don't want this to happen but I'm not gonna be denying that 'it will never happen' either.  Apathy and fear are the market's greatest enemies and that's what we are facing.

Question is of xmr could recover from this ?

[explorer]

Question is of xmr could recover from this ?

It has every time so far, and it is growing better faster than ever.  Why wouldn't it?  Even centralized non-fungible coins recover routinely from big spikes and the subsequent drops.

[xxxx123abcxxxx]

Question is of xmr could recover from this ?

No. Moreno is likely headed back to its ICO price; and may remain at sub-$20 for a while —if it survives as a cryptocurrency.

Afraid cannot suggest any viable cryptocurrency as a stable investment during 2018-2020.

Historically, when any asset bubble bursts, the unwinding bear market typically lasts 2 years on average (from peak price to ultimate low); and usually erases 80%-90% in value; see here:
http://www.thebubblebubble.com/historic-crashes/

Applying the same metrics to the cryptocurrency bubble, it would suggest Bitcoin at sub $1000 by Christmas 2018 or Easter 2019.
From late 2019 to early 2020, the second generation of cryptocurrencies ought to emerge as viable long-term investments; however this time, with stable growth, purpose fit technology, robust secure exchange platforms and real adoption —not parabolic exuberance.

Paradoxically, a volatile and rapid appreciation of a currency, is a failed currency. By definition, currencies are supposed to be recognized, accepted and stable mediums of exchange —not just another speculative boom-bust asset class.

https://bitcointalk.org/index.php?topic=2711461.0
 

[rinus]

Question is of xmr could recover from this ?

No. Moreno is likely headed back to its ICO price; and may remain at sub-$20 for a while —if it survives as a cryptocurrency.

Afraid cannot suggest any viable cryptocurrency as a stable investment during 2018-2020.

Historically, when any asset bubble bursts, the unwinding bear market typically lasts 2 years on average (from peak price to ultimate low); and usually erases 80%-90% in value; see here:
http://www.thebubblebubble.com/historic-crashes/

Applying the same metrics to the cryptocurrency bubble, it would suggest Bitcoin at sub $1000 by Christmas 2018 or Easter 2019.
From late 2019 to early 2020, the second generation of cryptocurrencies ought to emerge as viable long-term investments; however this time, with stable growth, purpose fit technology, robust secure exchange platforms and real adoption —not parabolic exuberance.

Paradoxically, a volatile and rapid appreciation of a currency, is a failed currency. By definition, currencies are supposed to be recognized, accepted and stable mediums of exchange —not just another speculative boom-bust asset class.

https://bitcointalk.org/index.php?topic=2711461.0
 

Sub 20, don’t make me laugh. Could we consider this trolling ? That would mean we go up soon

[rangedriver]

I still don't get why some people are getting so worked up about CRYPTO/USD prices, particularly when it comes to speculation. At this stage of the game all that matters is XMR/BTC. If your primary objective is the long-term accumulation of USD, then you are going to lose.

Sure, if you've got present-day commitments that are inescapable then I guess you've gotta do what you've gotta do, but c'mon guys... you don't need faith or subjective delusion to realise that in general, the nature of social-political behaviour is that given time ultimately individuals gravitate toward freedom while collectives gravitate toward progressivly fairer systems, and in BOTH scenarios, legacy finance ends up ded, centralized banks end up ded, state-sponsored tokens end up ded and powerful oligarchical fuckfaces end up wounded, presumably retreating to fuck us over in some other kind of way.

So right now I'm looking at the XMR/BTC chart and like all other CRYPTO/BTC charts, it's about as exciting as the mediterranean is to surfers. Business as usual. Everything is much the same as it ever was and within acceptable ranges.

I think by now, most people in this thread have a visceral understanding that XMR/BTC will be reaching new highs towards the end of the period starting end of Feb and finishing around about mid-summer. That's all that matters. Fuck the USD. It's not to important to the current mission.

At any point in time, ever, the only speculatively bad thing that can happen to XMR is if it goes down significantly against BTC.... and even if that were to happen (it's not) then it's only going to bounce back up again. You already know this.

For everyone else, at times like this I think it's worth taking to heart the wisdom of anglo-japanese financial trader Kero Kero Bonito, particularly in her 2016 publication entitled: Trampoline.

You can listen to the full 4 minute speech here: https://www.youtube.com/watch?v=tTkHkLDy0HI

As far as I'm concerned it's potentially the most important trading advice ever given.

Peace.
 

[CryptoPH]

This is that moment when the market cleanses those that came in at the later part of the trend, who were hyped and those who thinks crypto is a get-rich-quick thing.

I will hold my purse of XMR through bull and bear.

[wodebutterfly]

Is there anyone who had ever forgotten to input the Payment ID when transferring XMR to an exchange? And how long does the exchange take to credit your XMR deposit? I transferred some from Binance to OKEX, but forget to input the ID. Half a month has passed, and problem still unsolved. 

[Johnny Mnemonic]

Is there anyone who had ever forgotten to input the Payment ID when transferring XMR to an exchange? And how long does the exchange take to credit your XMR deposit? I transferred some from Binance to OKEX, but forget to input the ID. Half a month has passed, and problem still unsolved. 

Did you notify them? The reason the PayID is important is because it tells them whose account to credit. If you don't file a ticket, you'll never get your money.

[SolarStorm]

Ok so i figured, once i start dumping, the market will magically turn around.

So i dumped only 0.01 XMR and jay it worked 

[fromholland]

Ok so i figured, once i start dumping, the market will magically turn around.

So i dumped only 0.01 XMR and jay it worked 

LOL great move, my buy orders are already filled so if we go up from here I'm totally fine ;-)

[johnalan]

Well what is the highest price do people think monero could become. Does anyone think it could possibly hit 5k or 10k or even more?

So transaction fees were about 4 dollars or so when the price was 500.

That was just for lazy/ignorant/generous/impatient/urgent people.  It barely topped a dollar for anyone willing to push (literally) one or two buttons and risk (small risk) <4 minutes vs <2 to confirm. So I would multiply your findings by 4...

note:  I've been here since early 2014, and I did (guessing) more transactions in the last 6 months than the 3 prior years combined.  I paid a tick over a dollar once, and something like $60 once when I fucked up on margin and was desperate to cut every second possible from the confirmation time by guaranteeing the next block.

Bottom soon bro?

[johnalan]

I still don't get why some people are getting so worked up about CRYPTO/USD prices, particularly when it comes to speculation. At this stage of the game all that matters is XMR/BTC. If your primary objective is the long-term accumulation of USD, then you are going to lose.

Sure, if you've got present-day commitments that are inescapable then I guess you've gotta do what you've gotta do, but c'mon guys... you don't need faith or subjective delusion to realise that in general, the nature of social-political behaviour is that given time ultimately individuals gravitate toward freedom while collectives gravitate toward progressivly fairer systems, and in BOTH scenarios, legacy finance ends up ded, centralized banks end up ded, state-sponsored tokens end up ded and powerful oligarchical fuckfaces end up wounded, presumably retreating to fuck us over in some other kind of way.

So right now I'm looking at the XMR/BTC chart and like all other CRYPTO/BTC charts, it's about as exciting as the mediterranean is to surfers. Business as usual. Everything is much the same as it ever was and within acceptable ranges.

I think by now, most people in this thread have a visceral understanding that XMR/BTC will be reaching new highs towards the end of the period starting end of Feb and finishing around about mid-summer. That's all that matters. Fuck the USD. It's not to important to the current mission.

At any point in time, ever, the only speculatively bad thing that can happen to XMR is if it goes down significantly against BTC.... and even if that were to happen (it's not) then it's only going to bounce back up again. You already know this.

For everyone else, at times like this I think it's worth taking to heart the wisdom of anglo-japanese financial trader Kero Kero Bonito, particularly in her 2016 publication entitled: Trampoline.

You can listen to the full 4 minute speech here: https://www.youtube.com/watch?v=tTkHkLDy0HI

As far as I'm concerned it's potentially the most important trading advice ever given.

Peace.
 

Very interesting post.

It's of course peoples aim to accumulate value.

I cannot see a future where Monero is worth less and less against the USD year on year.

[CryptoPH]

Is there anyone who had ever forgotten to input the Payment ID when transferring XMR to an exchange? And how long does the exchange take to credit your XMR deposit? I transferred some from Binance to OKEX, but forget to input the ID. Half a month has passed, and problem still unsolved. 

I did the same mistake in 2 years ago, and NO there is no way they can track that transaction anymore. I accepted that loss around 40+ XMR. 

[rdp]

And the Hash rate didn't drop a bit! Actually it continues to rise...

[johnalan]

And the Hash rate didn't drop a bit! Actually it continues to rise...

#justBotnetThings