[XMR] Monero Speculation

[generalizethis]

XMR is altcoin is pretty good and the longer the price is also increasing, particularly suitable if used to invest in the long term.

I agree with you, XMR is a good altcoin.

But I’m concerned how laws than ban anonymous trading. For example the ones introduced in South Korea recently. Without anonymity what’s the difference between XMR and BTC?

Anonymous centralized commercial trading does not have anything to do with private peer to peer transactions.  They want their pound of flesh.  No more, no less.  Well, maybe more...

If everyone is using only XMR I would have no issues. But if the only way to change your XMR to BTC/fiat is peer to peer, I feel it’s would be very inconvenient.

Inconvenience is a small price for privacy. This is mainly a speculator's concern as they don't want to see the price drop due to ease-of-use (for themselves). Anyone who needs, or really-really-really wants privacy, will happily go to café and trade cash for xmr--I'm amazed that the early years of Bitcoin are so soon forgotten by crypto-rushers of today who can't see past their lambo dreams to actual usecases being delivered. Of course, this is the same greedy myopia that led to Bitcoin Maximalist--who somehow forget the one market that mattered in their pursuit for institutional money. Maybe that bet works out in the end (digital gold seems as dumb as real gold's perceived value, "look shiny!"), so it may work out for those who will eat their dicks if it doesn't. Meanwhile Monero moves on to claim the title of digital cash, which is something useful enough to survive inconvenience.

[explorer]

XMR is altcoin is pretty good and the longer the price is also increasing, particularly suitable if used to invest in the long term.

I agree with you, XMR is a good altcoin.

But I’m concerned how laws than ban anonymous trading. For example the ones introduced in South Korea recently. Without anonymity what’s the difference between XMR and BTC?

Anonymous centralized commercial trading does not have anything to do with private peer to peer transactions.  They want their pound of flesh.  No more, no less.  Well, maybe more...

If everyone is using only XMR I would have no issues. But if the only way to change your XMR to BTC/fiat is peer to peer, I feel it’s would be very inconvenient.

   Paypal is convenient (or so I've heard) if convenient is what is most important to you.  Another, more useful way to get XMR, is to sell goods or services for it.  That's what whoever you are sending it to is doing.  Cut out the middle man.  That is how you get everyone using only XMR.   If you won't go out of your way a little to use it, why would you expect anyone else to?  It starts with you.  Centralization is currently convenient, but losing ground to regulations.  Decentralized exchanges are not yet common, but will become more so, as centralized ones become less palatable.  Choices abound.  Join the revolution, or hide until it's over.  Do what you gotta do. 

[Random Seller]

XMR is altcoin is pretty good and the longer the price is also increasing, particularly suitable if used to invest in the long term.

I agree with you, XMR is a good altcoin.

But I’m concerned how laws than ban anonymous trading. For example the ones introduced in South Korea recently. Without anonymity what’s the difference between XMR and BTC?

Anonymous centralized commercial trading does not have anything to do with private peer to peer transactions.  They want their pound of flesh.  No more, no less.  Well, maybe more...

If everyone is using only XMR I would have no issues. But if the only way to change your XMR to BTC/fiat is peer to peer, I feel it’s would be very inconvenient.

Inconvenience is a small price for privacy. This is mainly a speculator's concern as they don't want to see the price drop due to ease-of-use (for themselves). Anyone who needs, or really-really-really wants privacy, will happily go to café and trade cash for xmr--I'm amazed that the early years of Bitcoin are so soon forgotten by crypto-rushers of today who can't see past their lambo dreams to actual usecases being delivered. Of course, this is the same greedy myopia that led to Bitcoin Maximalist--who somehow forget the one market that mattered in their pursuit for institutional money. Maybe that bet works out in the end (digital gold seems as dumb as real gold's perceived value, "look shiny!"), so it may work out for those who will eat their dicks if it doesn't. Meanwhile Monero moves on to claim the title of digital cash, which is something useful enough to survive inconvenience.

You have a point, some people will give up convenience for privacy.

But again there are some issues when your trading in person.
1) the exchange rate is usually worse;
2) there’s a danger or getting robbed.

And yes I’ve heard news of people actually getting robbed when they were supposed to meet up for an exchange.

[generalizethis]

XMR is altcoin is pretty good and the longer the price is also increasing, particularly suitable if used to invest in the long term.

I agree with you, XMR is a good altcoin.

But I’m concerned how laws than ban anonymous trading. For example the ones introduced in South Korea recently. Without anonymity what’s the difference between XMR and BTC?

Anonymous centralized commercial trading does not have anything to do with private peer to peer transactions.  They want their pound of flesh.  No more, no less.  Well, maybe more...

If everyone is using only XMR I would have no issues. But if the only way to change your XMR to BTC/fiat is peer to peer, I feel it’s would be very inconvenient.

Inconvenience is a small price for privacy. This is mainly a speculator's concern as they don't want to see the price drop due to ease-of-use (for themselves). Anyone who needs, or really-really-really wants privacy, will happily go to café and trade cash for xmr--I'm amazed that the early years of Bitcoin are so soon forgotten by crypto-rushers of today who can't see past their lambo dreams to actual usecases being delivered. Of course, this is the same greedy myopia that led to Bitcoin Maximalist--who somehow forget the one market that mattered in their pursuit for institutional money. Maybe that bet works out in the end (digital gold seems as dumb as real gold's perceived value, "look shiny!"), so it may work out for those who will eat their dicks if it doesn't. Meanwhile Monero moves on to claim the title of digital cash, which is something useful enough to survive inconvenience.

You have a point, some people will give up convenience for privacy.

But again there are some issues when your trading in person.
1) the exchange rate is usually worse;
2) there’s a danger or getting robbed.

And yes I’ve heard news of people actually getting robbed when they were supposed to meet up for an exchange.

Atomic swaps should nullify this point--though TPTB may decide to outlaw all crypto. That seems a death knell, but stupider things have happened.

Also, how many people are robbed in xmr/cash exchanges? Is it comparable to how many dollars have been lost on BTC exchanges or who have been robbed in muggings or any other money related scenarios? I'm not saying the risk isn't there, but that that it may be overblown as a fear. I don't no anyone who as ever been robbed in a cash/xmr exchange, but I also don't know anyone who has ever been attacked by a shark--shit happens, even at ~0 risk (living in a armoured bubble?) you still die.

[Kapz786]

Global hashrate is pretty big at the moment - glad it's picking up. Unfortunately the pool I use is terrible and hasnt mined a block in nearly 24 hrs.

I think XMR is hugely undervalued at the moment

[CryptoPH]

I probably missed it, but I didn't see this coming.

Any idea/feedback about Monero-fork, MoveroV?
https://monerov.org/

[rinus]

I probably missed it, but I didn't see this coming.

Any idea/feedback about Monero-fork, MoveroV?
https://monerov.org/

Wtf? Is this good or bad? Never heard of this

[Quicken]

For those of you who have rejected Kraken due to the poor interface/trading engine, I thought I'd pop by to mention that the new engine is working way way better than the old one. Trades and withdrawals going through first time is a nice change. Check it out (KYC required).
Q

[garytheasshole]

I probably missed it, but I didn't see this coming.

Any idea/feedback about Monero-fork, MoveroV?
https://monerov.org/

Free coins to buy more monero.

[tokeweed]

I probably missed it, but I didn't see this coming.

Any idea/feedback about Monero-fork, MoveroV?
https://monerov.org/

Do they have ponies in their team?  I don't invest in altcoin projects with no ponies in them.  And it should be fluffy and a serious drinker of wine made from grapes picked by virgins under the light of a blue moon.

[Febo]

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/

That's odd. I've been here since 2010. I've seen soo many cryptocurrency bubbles burst over that time and it never took 2 years to start recovering. I mean sure maybe this time it's different. Of course it COULD be different this time. But you say this like its an established pattern.

*edit* looks like it took almost 2 years starting in 2014

Late 2013 bubble bear market lasted 14 months. From start of December 2013 to end of January 2014. That bear market was longest because year 2013 had two bubbles.  

[Aby Normal]

For those of you who have rejected Kraken due to the poor interface/trading engine, I thought I'd pop by to mention that the new engine is working way way better than the old one. Trades and withdrawals going through first time is a nice change. Check it out (KYC required).
Q

I can confirm this, not only that there are no more silly errors on Kraken while doing trades and transactions but also the liquidity and volume are much better now, moved all I had on Bitfinex to Kraken, bye bye finex

[CryptoPH]

For those of you who have rejected Kraken due to the poor interface/trading engine, I thought I'd pop by to mention that the new engine is working way way better than the old one. Trades and withdrawals going through first time is a nice change. Check it out (KYC required).
Q

I feel you. To be fair, i have to agree on this.
Their previously slow trade-execution is way way faster now. 

But still they cleared all my low-buy orders which I missed during those days-long down time. 

[CryptoPH]

I probably missed it, but I didn't see this coming.

Any idea/feedback about Monero-fork, MoveroV?
https://monerov.org/

Do they have ponies in their team?  I don't invest in altcoin projects with no ponies in them.  And it should be fluffy and a serious drinker of wine made from grapes picked by virgins under the light of a blue moon.

LOL! I'm also looking at who are the team members behind this fork.
If we cannot learn about them, then they're doing a great job on privacy.

[LeancyBTC]

Im considering buying monero.  However, what is the absolute highest price you guys think monero can hit?  Its already over 200 dollars.  Does anyone here think 2k or 5k is possible?  The fact that its a privacy coin and talked about alot should mean a lot right?

I think the price could be between 0.1 to 0.2 bitcoin. So it will be around 1000 to 2000 dollars.

Too hard to reach that price. Dont you think that bitcoin will continue to go up? It will not stand around and wait for monero to go up. If monero worth $1000, bitcoin must worth more than $40000. But I do believe that Monero can hit $1000 per coin

[ultegra]

I can confirm this, not only that there are no more silly errors on Kraken while doing trades and transactions but also the liquidity and volume are much better now, moved all I had on Bitfinex to Kraken, bye bye finex

And Kraken seems to be efficient at processing verification, once my documents were submitted my account was upgraded within a week.

[Shnikes101]

I probably missed it, but I didn't see this coming.

Any idea/feedback about Monero-fork, MoveroV?
https://monerov.org/

Do they have ponies in their team?  I don't invest in altcoin projects with no ponies in them.  And it should be fluffy and a serious drinker of wine made from grapes picked by virgins under the light of a blue moon.

LOL! I'm also looking at who are the team members behind this fork.
If we cannot learn about them, then they're doing a great job on privacy.

I thought the exact same thing as I looked at it this morning. At least tell me a little about who's forking it...

[explorer]

I probably missed it, but I didn't see this coming.

Any idea/feedback about Monero-fork, MoveroV?
https://monerov.org/

Do they have ponies in their team?  I don't invest in altcoin projects with no ponies in them.  And it should be fluffy and a serious drinker of wine made from grapes picked by virgins under the light of a blue moon.

LOL! I'm also looking at who are the team members behind this fork.
If we cannot learn about them, then they're doing a great job on privacy.

I thought the exact same thing as I looked at it this morning. At least tell me a little about who's forking it...

scammers... keeping 9 % or some shit for themselves from the get go.

[HappyLarry]

I probably missed it, but I didn't see this coming.

Any idea/feedback about Monero-fork, MoveroV?
https://monerov.org/

Do they have ponies in their team?  I don't invest in altcoin projects with no ponies in them.  And it should be fluffy and a serious drinker of wine made from grapes picked by virgins under the light of a blue moon.

LOL! I'm also looking at who are the team members behind this fork.
If we cannot learn about them, then they're doing a great job on privacy.

I thought the exact same thing as I looked at it this morning. At least tell me a little about who's forking it...

scammers... keeping 9 % or some shit for themselves from the get go.

I'm so looking forward to entering my Monero seed into the Monerov wallet.

[explorer]

I probably missed it, but I didn't see this coming.

Any idea/feedback about Monero-fork, MoveroV?
https://monerov.org/

Do they have ponies in their team?  I don't invest in altcoin projects with no ponies in them.  And it should be fluffy and a serious drinker of wine made from grapes picked by virgins under the light of a blue moon.

LOL! I'm also looking at who are the team members behind this fork.
If we cannot learn about them, then they're doing a great job on privacy.

I thought the exact same thing as I looked at it this morning. At least tell me a little about who's forking it...

scammers... keeping 9 % or some shit for themselves from the get go.

I'm so looking forward to entering my Monero seed into the Monerov wallet.

I expect they will also be harvesting your past transaction data.

They also broke the tail emission.  they can keep it.