[XMR] Monero Speculation

[cAPSLOCK]

I was excited about the Nano S, but becoming less so as I try to use it.  I thought when I set one up a couple months back that it was functional but a pain.  Now I can't make it connect at all, let alone every 5 or 6 tries like before.  Some say its the cord, but having tried 3 different ones (but not the one I eventually made work sporadically earlier) I can't even use the damn thing, and their support is shit.  /rant

The open source Monero hardware wallet can't arrive soon enough.

Ah yes there's another exciting thing.  The Monero H/W wallet project.  Also rumors of the Trezor getting it too...

Sorry to hear that you had problems with the ledger, Explorer. Mine works like a charm... I wonder what's up with yours... are you using Linux?  I use mine both on windows and arch linux. I don't think I've ever had a problem getting it to connect. But I did have to get the right libraries in drivers installed in arch. But once I did everything was working fine.

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[Anon136]

Also rumors of the Trezor getting it too...

I have been suspicious that this was part of the impetus behind the roll out of the Trezor Model T. I think they tried to implement Monero on their original Trezor and found the hardware was insufficient to produce ring signatures. And I'm not saying that the reason they rolled out the model T was for Monero, but rather because Monero caused them to realize that they needed something a little more future proof.

[explorer]

I was excited about the Nano S, but becoming less so as I try to use it.  I thought when I set one up a couple months back that it was functional but a pain.  Now I can't make it connect at all, let alone every 5 or 6 tries like before.  Some say its the cord, but having tried 3 different ones (but not the one I eventually made work sporadically earlier) I can't even use the damn thing, and their support is shit.  /rant

The open source Monero hardware wallet can't arrive soon enough.

Ah yes there's another exciting thing.  The Monero H/W wallet project.  Also rumors of the Trezor getting it too...

Sorry to hear that you had problems with the ledger, Explorer. Mine works like a charm... I wonder what's up with yours... are you using Linux?  I use mine both on windows and arch linux. I don't think I've ever had a problem getting it to connect. But I did have to get the right libraries in drivers installed in arch. But once I did everything was working fine.

Originally set up on windows.  Typical message was plug it in and enter PIN.  Typical response was crickets.  Eventually If I kept trying it would recognize it and function (I set up 2 at that time, same issues)  Now I'm trying to use the Ledger chrome apps on Chromium with Linux, and can't get any device recognition at all.  Chromium gets the apps no problem.  Tried 4 USB ports, all check out with my phone, so they are good.  It's the Ledger Apps that don't seem to recognize it.  Frustration barely describes it.  Still messing with it, but its supposed to be a simple plug n play device for normal people to use  to SIMPLIFY crypto security.

[cAPSLOCK]

I was excited about the Nano S, but becoming less so as I try to use it.  I thought when I set one up a couple months back that it was functional but a pain.  Now I can't make it connect at all, let alone every 5 or 6 tries like before.  Some say its the cord, but having tried 3 different ones (but not the one I eventually made work sporadically earlier) I can't even use the damn thing, and their support is shit.  /rant

The open source Monero hardware wallet can't arrive soon enough.

Ah yes there's another exciting thing.  The Monero H/W wallet project.  Also rumors of the Trezor getting it too...

Sorry to hear that you had problems with the ledger, Explorer. Mine works like a charm... I wonder what's up with yours... are you using Linux?  I use mine both on windows and arch linux. I don't think I've ever had a problem getting it to connect. But I did have to get the right libraries in drivers installed in arch. But once I did everything was working fine.

Originally set up on windows.  Typical message was plug it in and enter PIN.  Typical response was crickets.  Eventually If I kept trying it would recognize it and function (I set up 2 at that time, same issues)  Now I'm trying to use the Ledger chrome apps on Chromium with Linux, and can't get any device recognition at all.  Chromium gets the apps no problem.  Tried 4 USB ports, all check out with my phone, so they are good.  It's the Ledger Apps that don't seem to recognize it.  Frustration barely describes it.

Which Linux distro/version?  We can take this off thread if you are interested.

[explorer]

I was excited about the Nano S, but becoming less so as I try to use it.  I thought when I set one up a couple months back that it was functional but a pain.  Now I can't make it connect at all, let alone every 5 or 6 tries like before.  Some say its the cord, but having tried 3 different ones (but not the one I eventually made work sporadically earlier) I can't even use the damn thing, and their support is shit.  /rant

The open source Monero hardware wallet can't arrive soon enough.

Ah yes there's another exciting thing.  The Monero H/W wallet project.  Also rumors of the Trezor getting it too...

Sorry to hear that you had problems with the ledger, Explorer. Mine works like a charm... I wonder what's up with yours... are you using Linux?  I use mine both on windows and arch linux. I don't think I've ever had a problem getting it to connect. But I did have to get the right libraries in drivers installed in arch. But once I did everything was working fine.

Originally set up on windows.  Typical message was plug it in and enter PIN.  Typical response was crickets.  Eventually If I kept trying it would recognize it and function (I set up 2 at that time, same issues)  Now I'm trying to use the Ledger chrome apps on Chromium with Linux, and can't get any device recognition at all.  Chromium gets the apps no problem.  Tried 4 USB ports, all check out with my phone, so they are good.  It's the Ledger Apps that don't seem to recognize it.  Frustration barely describes it.

Which Linux distro/version?  We can take this off thread if you are interested.

After rebooting it seems to recognize every time I plug it in now, which is about 5x better than I experienced with windows originally.  I  think I should just go back to stone tablet and chisel...

Meanwhile, WTF is happening to the price of Monero 

[Febo]

I was excited about the Nano S, but becoming less so as I try to use it.  I thought when I set one up a couple months back that it was functional but a pain.  Now I can't make it connect at all, let alone every 5 or 6 tries like before.  Some say its the cord, but having tried 3 different ones (but not the one I eventually made work sporadically earlier) I can't even use the damn thing, and their support is shit.  /rant

The open source Monero hardware wallet can't arrive soon enough.

Ah yes there's another exciting thing.  The Monero H/W wallet project.  Also rumors of the Trezor getting it too...

Sorry to hear that you had problems with the ledger, Explorer. Mine works like a charm... I wonder what's up with yours... are you using Linux?  I use mine both on windows and arch linux. I don't think I've ever had a problem getting it to connect. But I did have to get the right libraries in drivers installed in arch. But once I did everything was working fine.

Originally set up on windows.  Typical message was plug it in and enter PIN.  Typical response was crickets.  Eventually If I kept trying it would recognize it and function (I set up 2 at that time, same issues)  Now I'm trying to use the Ledger chrome apps on Chromium with Linux, and can't get any device recognition at all.  Chromium gets the apps no problem.  Tried 4 USB ports, all check out with my phone, so they are good.  It's the Ledger Apps that don't seem to recognize it.  Frustration barely describes it.

Which Linux distro/version?  We can take this off thread if you are interested.

After rebooting it seems to recognize every time I plug it in now, which is about 5x better than I experienced with windows originally.  I  think I should just go back to stone tablet and chisel...

Meanwhile, WTF is happening to the price of Monero 

Someone should start a thread: Monero under $200, what are you waiting for?

[Whtwabbit]

1 week looks normal



"Nothing to see here move along"

[Anon136]

1 week looks normal



"Nothing to see here move along"

That does provide some nice perspective and you are right it really does look like a normal move within the healthy bounds of the protracted bull trend.

Interestingly too any time the MACD was slammed really hard into the negative crossover that has be more or less the end of the cyclical bear market.

[Anon136]

Did you guys realize that we are THE top thread in altcoin speculation? Take a look https://bitcointalk.org/index.php?board=224.0;sort=replies;desc Not just a little bit. By a fucking mile. 37k replies to 8k runner up.

[smooth]

Did you guys realize that we are THE top thread in altcoin speculation? Take a look https://bitcointalk.org/index.php?board=224.0;sort=replies;desc Not just a little bit. By a fucking mile. 37k replies to 8k runner up.

Before speculation was broken out it was the top thread in the whole general altcoin discussion section.

[IntroVert]

12k USD for May batch, and 8k for June, but they are selling like hotcakes. I guess Bitmain will wait for the algo change, adjust and then ship the miners:

https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F

Anyone want to venture how this will affect price?

[Whtwabbit]

12k USD for May batch, and 8k for June, but they are selling like hotcakes. I guess Bitmain will wait for the algo change, adjust and then ship the miners:

https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F

Anyone want to venture how this will affect price?

Yeah, I'll have a guess, Monero will pass its all time high of either BTC or USD between 4 to 12 weeks from now

[johnalan]

Back to 0.025 wow.

Still I see Monero under 0.04 as a once in a lifetime buying opportunity.

[nanobrain]

Brilliant.
Thanks for all the replies (and friendly PMs too...what a lovely bunch you are!).

So, does this airdrop thing mean I'm suddenly going to have a huge pile of coins appear from nowhere (ala BCH)...I imagine not since this would have pushed demand and the price wouldn't be going south.

Anyway, I'll keep HODLing and try not to get too depressed looking at teh charts.

[Anon136]

So, does this airdrop thing mean I'm suddenly going to have a huge pile of coins appear from nowhere (ala BCH)...I imagine not since this would have pushed demand and the price wouldn't be going south.

Yes just like BCH you are going to end up with a pile of the stuff. But you wont be able to spend it without compromising your privacy. They don't seem to care about this problem either. They seem to just be pretending like it doesn't exist and ignoring anyone who points it out to them. It's almost like they don't really care about building a solid project and instead are looking for a quick cash grab that doesn't really require any work on their part...

It did pump the price. Then they delayed it by a couple of months right before the air drop was supposed to happen and that's when the price fell.

[spirali]

I didn't hedge XMR specifically. I hedged my whole crypto portfolio in a way by selling my bitcoin when it started falling hard and putting in a stop order at the price that I sold it at. So worst case scenario, if it stops falling and going back up the exchange will automatically buy it back at the same price that I sold. No fancy contracts or anything. I cant even get on bitfinex being an american. Either way though it makes me feel so much less stressed about both the decline in bitcoin and monero.

Thanks for the precision. So if I understand correctly you simply:

1- hodl when you think it will go up
2- sell your coins and buy them back (if they return to previous level) when you think it will go down
advantage = you don't lose if the coin never recovers. You can still change your buy order if you think the coin bottomed
?

I thought you were opening short positions which is common on FOREX. I have searched for solutions but I never found a cheap/convenient way to do that with cryptocurrencies.

[spirali]

Yes just like BCH you are going to end up with a pile of the stuff. But you wont be able to spend it without compromising your privacy. They don't seem to care about this problem either. They seem to just be pretending like it doesn't exist and ignoring anyone who points it out to them. It's almost like they don't really care about building a solid project and instead are looking for a quick cash grab that doesn't really require any work on their part...

It did pump the price. Then they delayed it by a couple of months right before the air drop was supposed to happen and that's when the price fell.

I understand revealing the IP is the only concern here. So why not use Tor in the process? Like :
1- you move your coins from XMR wallet A to XMR wallet B
2- you never use XMR wallet A anymore
3- you connect to a new XMV wallet through Tor and claim your XMR using the private key of XMR wallet A
4- you shapeshift your XMV to XMR wallet B through Tor

Or am I missing something?

[Anon136]

I didn't hedge XMR specifically. I hedged my whole crypto portfolio in a way by selling my bitcoin when it started falling hard and putting in a stop order at the price that I sold it at. So worst case scenario, if it stops falling and going back up the exchange will automatically buy it back at the same price that I sold. No fancy contracts or anything. I cant even get on bitfinex being an american. Either way though it makes me feel so much less stressed about both the decline in bitcoin and monero.

Thanks for the precision. So if I understand correctly you simply:

1- hodl when you think it will go up
2- sell your coins and buy them back (if they return to previous level) when you think it will go down
advantage = you don't lose if the coin never recovers. You can still change your buy order if you think the coin bottomed
?

I thought you were opening short positions which is common on FOREX but I never found a cheap/convenient way to do that with cryptocurrencies.

I mean you can follow the price down with your stop. For example, if the price were to fall to 3000 dollars I wouldn't leave my stop all the way up at 9000. I would probably move it down to between 4000 and 5000. Because, I figure, by the time it bounces 2000 dollars off the low it's pretty safe to imagine that we are back into recovery territory. 3000 dollars followed by 5000 then back down to <3000 would be one hell of a bull trap. I mean you get massive bull traps in this space but only immediately after a moonshot like the one up to 20,000 and the subsequent few weeks after.

Also at 1300 I would just put in a massive support wall. *edit* meh probably before 1300. I'm pretty bullish on lightning network. At some point, not sure where, I would just put in a plain large buy order.

[spirali]

12k USD for May batch, and 8k for June, but they are selling like hotcakes. I guess Bitmain will wait for the algo change, adjust and then ship the miners:

https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F

Anyone want to venture how this will affect price?

There was a bull reversal at ~04:30 GMT but Bitmain published the announcement later at ~07:00 GMT. So I think it's just a coincidence. Also I don't think some insiders placed big buy orders before everybody because the arrival of cryptonight ASICS is more bad than good news for XMR. Siacoin (SC) was badly affected when Bitmain released the A3 in January. Good news for us is the X3 costs 12000USD for a ~200€ daily mining revenue (ROI = 60 days as of today) while the A3 had a ROI of only 6 days!

Anyway, we really need the devs to confirm they will fight against ASICS. What's the situation on this? Do you know where the decision will be published?

[aerbax]

...
Anyway, we really need the devs to confirm they will fight against ASICS. What's the situation on this? Do you know where the decision will be published?

Like this?

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html