[XMR] Monero Speculation

[denetci]

do you use cake wallet in ios? is it trustable?
Cake Wallet - now with an Exchange! (Version 2.0.0)
The exchange allows conversion between XMR, BTC, LTC, ETH, BCH and DASH. If you're exchanging from XMR or exchanging to XMR, the transaction is done with one of your XMR wallets within Cake or an external XMR wallet of your choice. For others, you must provide your own wallet address.

I divided your post in half. The first part looks like a reasonable question, the second looks like an ad. Still, to answer your question; I'm pretty sure that cakewallet is your only option for XMR on IOS (so if it was a scam you'd hear a lot about it being one), but as always if you have a large stash then keep it in cold storage of some sort.

thanks for your assistance. i wrote second part for people who did not know about that wallet, actually i heart that wallet today and just want to know something about that wallet.
unfortunately i have not background to see that app is trustable or not.
i decide to not use this program, still use cold storage

[1714277006]

1714277006

[1714277006]

1714277006

[mambamanagement]

So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.

you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

[Febo]

So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.

you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.

[Hueristic]

you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

It really all depends on the percentage of the sheeple that the word has got out to and that smart enough to see the advantages of a solid coin. That is probably a small percentage and is made smaller by the high cap coins that are all majorly flawed be it by centralization or banking influence or just plain un trusted setups not to mention scam premine starts with manipulated caps. There really are very few coins that the masses can use as a safe haven which of course Monero is the foremost IMHO.

I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.

The day will come where the world will understand that it can be a safe haven.

I wonder if you prove to your insurance company how much you hold in a cold wallet and your house burns down if you are covered as in a work of art or just the property you prove has been lost?

this would be important to know for those that just wast to hold their funds safe without the banks having the opportunity to freeze or seize. Like all those dormant account that get seized. It's gonna suck for alot of people that their grandparents deposited money for them to have when they become adults only to find out it was taken as dormant, where I grew up it was common practice to do this. I was actually brought up to save and not use credit.

[Johnny Mnemonic]

So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.

you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.

I'm not so sure. The on/off-ramps to crypto (especially alts) are not as easily accessible and thus less susceptible to panics in the broader markets. Cryptos still remain very much on the fringe in spite of their recent publicity.

[denetci]

I think that both communism and capitalism are centralized systems. Monero war against ASIC is about freedom. Freedom is about decentralized power, where each individual control a small part of the system. i support Monero war against ASIC.

[uletkluget]

Self-moderated thread for discussion of Monero trading and price speculation.

Off topic posts will be removed. Off topic includes any extensive discussion of other coins, promoting other coins, or posting of promotional materials from other coins.

Non-substantive comments such as Monero sucks, Monero is a scam, Monero is great, Monero to the moon, etc. are considered off topic. Every post and reply should add to the discussion. The preceding sentence forbids repetitive exchanges on the same topic without some topical context.

Hostile trolling (which includes but is not limited to use of "meme" pictures to attack or demean) especially by sock puppet accounts is not allowed.

When quoting posts, please remove any large charts or other images unless the quoted post is at least one page old. Please shrink (or remove) large images in replies in all cases.

When I am speaking as the moderator, and only then, I will write in red. Other messages using red text are not permitted.

People speculating on Monero may also be interested in the MoneroMarkets subreddit (unaffiliated)

Thanks for opening a new speculation thread. I'm not a huge fan of self moderated threads, as they tend to invite abuse of power of the thread starter in my experience. That said, not wanting to give in to FUD posts/trolling is a valid reason for self moderation, so I'm not outright going to bash the attempt.
When the price is going up people tend to pull their ask in anticipation of a better price to sell at. When the price is dropping people tend to pull their bids in anticipation of a lower price to buy at. At the same time in a falling market a lot of people wants to sell and places sell walls hoping to get out at a better price, and vice-versa.
Also, if someone is in the process of accumulation, he often masks his intention with having the bought coins in asks, trying to cap the price. Similarly a seller would use bid walls to try to keep price higher while he is unloading. I have tried these techniques in a liquid market (Bitstamp BTC/USD) and in a short term (a few hours) and medium trade size (100-200 BTC), they lead to an average 0.45% better execution than not employing them. That is only possible for medium+ traders who have the required funds to put up walls, and only for medium- trade sizes, because large trades affect the market nevertheless and the strategy becomes evident to an observer, if there is simultaneous buy pressure and sell walls. It may be +EV still, though, as I see it being used in Bitstamp often now.

[tokeweed]

So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.

you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.

I'm not so sure. The on/off-ramps to crypto (especially alts) are not as easily accessible and thus less susceptible to panics in the broader markets. Cryptos still remain very much on the fringe in spite of their recent publicity.

Actually it kinda is susceptible to panic and hype.  Most people holding cryptos (especially alts) are your typical smart, technical, nerdy computer guys who don't have much experience in trading.  Basically people who aren't trained and don't trade the markets professionaly.

[Febo]

So I'm curious how everyone views BTC, XMR, etc. correlating with the global economy... For some reason it seems to be following the DOW at least.  To me it seems to make sense... the more people are feeling confident in the economy, people tend to be willing to throw their money around and into investments, and therefore cryptos (because people view cryptocurrencies as 'risky' investments).

Does anyone here have any money in the market?  Also am I the only one who hopes the market explodes, even though I do have a 401(k) I'm throwing money at?

I am not really sure what you mean by explodes. I speculate you mean here a next crysis and all stock markets drastically fall and governments again need to bail out banks.


I think when that happen, crypto will suffer the same. Actually will suffer much more. But in Crypto language (10% daily drops and raise) it will be same as old economy. But then when crysiss will come to its peak and politicians will start argue how to get out of it best suddenly  crypto will look to part of political spectre and part of population best option to continue long term.

you don't think when stocks, bonds & real estate are all crashing that crypto would go up?
a sort of "safe haven" if it were.

I dont, because it will be panic. Everything will go down together same as went up together in 2017. No safe heaven. People will try to cash out anything. Even Gold will not go up when crysisi start but only at peak of crysis, a year or two latter.

I'm not so sure. The on/off-ramps to crypto (especially alts) are not as easily accessible and thus less susceptible to panics in the broader markets. Cryptos still remain very much on the fringe in spite of their recent publicity.

It is hard to talk about future. Only two years ago I would have totally different opinion. But things escalated exponentially. And hype that happened in 2017 will give results only this and next year. Because things are not done overnight and new people that joined with new ideas will slowly started contributing to crypto economy.  Unless this financial crisis happens tomorrow we will will see on/off-ramps to crypto (especially alts) much more easily accessible in the future. So we dont really know what will happen two years from now. But maybe you are right, because they will need to sell crypto and not buy.  Where I live you can buy  Bitcoin on any gas station for over a year, but to sell it for cash you have only few two way ATMs.

[johnalan]

I'm a permabull, but starting to feel like an ATH again this year is unlikely. (in BTC or fiat terms).

Painful market right now...

[rinus]

I'm a permabull, but starting to feel like an ATH again this year is unlikely. (in BTC or fiat terms).

Painful market right now...

i have the exact same feeling. Long time HODLer and i wanted to sell some at 1000 usd , i dont know if i should be realistic and sell some at a lower usd rate
or just wait . But i dont have the feeling we will go higher then 500. I expect a lot of Bulletproofs ... thats just huge , but with the comming hardfork and ledger
integration, the price does not really move up ...

[Nathan047]

I think that both communism and capitalism are centralized systems. Monero war against ASIC is about freedom. Freedom is about decentralized power, where each individual control a small part of the system. i support Monero war against ASIC.

Isn't democracy as far from centralized as you can get a government? Besides, any crypto's nodes resemble democracy (including Monero).

[Anon136]

0.12.0.0 binaries released! https://github.com/monero-project/monero/releases

[Hueristic]

I'm not so sure. The on/off-ramps to crypto (especially alts) are not as easily accessible and thus less susceptible to panics in the broader markets. Cryptos still remain very much on the fringe in spite of their recent publicity.

Good point with all this KYC there is alot of "Stuck" capitol in crypto now.

[Anon136]

I think that both communism and capitalism are centralized systems.

Capitalism is about individuals owning the product of their labor and being free to exchange that product for private property which they can then also own. That's a pretty decentralized system.

[Hueristic]

I think that both communism and capitalism are centralized systems.

Capitalism is about individuals owning the product of their labor and being free to exchange that product for private property which they can then also own. That's a pretty decentralized system.

But it is also about nepotism and passing that capitol onto descendants while blocking other from gaining the advantage the initial capitol holders enjoyed. So really lets be real, no system is even close to perfect as long as humans are in control.

[Anon136]

I think that both communism and capitalism are centralized systems.

Capitalism is about individuals owning the product of their labor and being free to exchange that product for private property which they can then also own. That's a pretty decentralized system.

But it is also about nepotism and passing that capitol onto descendants while blocking other from gaining the advantage the initial capitol holders enjoyed. So really lets be real, no system is even close to perfect as long as humans are in control.

You make it sound like it just poofs out of thin air. Someone has to make capital. Those people have to take a risk. A huge portion of the time attempting to produce capital ends up being a net loss. Part of the reason people take that risk is for the promise of passing it onto their children if it turns out to be a successful endeavor. If it does end up being successful than the capitalists descendants are groomed for the life of managing capital. And the effective management of capital is something that benefits everyone in a society. And anyway if the children are not successful at capital management than they do not pass any capital onto their own children. Which is usually the case, rags to riches then back to rags in three generations.

So I mean of course it's not perfectly decentralized. But that wouldn't be ideal anyway since different people have different skills and you want more capital in the hands of those who are the best at managing capital.

[elrippos friend]

Waiting for mid of April 

[Hueristic]

You make it sound like it just poofs out of thin air. Someone has to make capital. Those people have to take a risk. ...

I take it back, give my regards to Paris Hilton.

[ikanunaki]

An Empirical Analysis of Traceability in the Monero Blockchain

https://arxiv.org/pdf/1704.04299/

very elaborate, like the search for the planet x that is supposed to be by its gravitational trail, but nobody has found it.