[XMR] Monero Speculation

[cAPSLOCK]

Circle's Monero onramp is about the biggest news for the adoption of the currency as I can remember.  And I kinda go back a ways...

I think the price action right now considering this is a real sleeper.  Very typical of XMR.

No worries though.  Price action is fickle and fairly meaningless in the short term... 

[17men]

Jump in to the plane! We will arrive soon 

lol it's happening!



We will reach to the sky.



SORA!

[solias]

Circle's Monero onramp is about the biggest news for the adoption of the currency as I can remember.  And I kinda go back a ways...

I think the price action right now considering this is a real sleeper.  Very typical of XMR.

No worries though.  Price action is fickle and fairly meaningless in the short term... 

That app is terrible, way way worse than coinbase. I don't expect it to be a large fiat channel, because it hides fees in higher prices and lacks withdraw/deposit features. Hopefully they realize their stupidity and employ properly their VC money.

[Billy Bunter]

The fact that Circle thinks that offering Monero does not infringe upon its BitLicense, is very positive news for Monero. At the very least, it removes (at least in theory) yet another obstacle toward Coinbase adoption. After all, if Kraken can offer it on its exchange without legal hindrance and Circle can offer it without BitLicense problems, what other objections can there be?

[slaman29]

Circle's Monero onramp is about the biggest news for the adoption of the currency as I can remember.  And I kinda go back a ways...

I think the price action right now considering this is a real sleeper.  Very typical of XMR.

No worries though.  Price action is fickle and fairly meaningless in the short term... 

I held Monero some time after the dark markets announcements, but it does feel surreal to have someone like Circle take Monero on. XMR as usual doesn't seem to react much to these types of centralized markets. When Japanese exchanges dropped privacy coins, XMR didn't fall. I personally think that's good news for XMR, though. Typical, like you said, and in the big picture, meaningless.

[Febo]

Circle's Monero onramp is about the biggest news for the adoption of the currency as I can remember.

Interesting view.   Circle's Monero onramp for sure is important and such chance for adoption things usually move price, not the tech improvements, but it seems not in Monero anymore.  Altho you cant move your bought XMR from Circle, it will still help people buy Monero for speculative reasons. At crypto fewer times like late last years most people do exactly that. So this is a really important event for the next Bitcoin ATH when new hordes of speculators will try to buy their share of crypto heaven. Yes would be nice if we would have Monero on Coinbase until then.

[Shnikes101]

Circle's Monero onramp is about the biggest news for the adoption of the currency as I can remember.  And I kinda go back a ways...

I think the price action right now considering this is a real sleeper.  Very typical of XMR.

No worries though.  Price action is fickle and fairly meaningless in the short term... 

I held Monero some time after the dark markets announcements, but it does feel surreal to have someone like Circle take Monero on. XMR as usual doesn't seem to react much to these types of centralized markets. When Japanese exchanges dropped privacy coins, XMR didn't fall. I personally think that's good news for XMR, though. Typical, like you said, and in the big picture, meaningless.

Idk why people are so surprised by this. Circle owns Polo. It makes sense for them to add their top traded/established coins. This app allows for investing on paper of certain cryptos - at a fee. You can't deposit and you can't withdrawal the cryptos. Its use is limited to speculation. Feels like I'd almost be funding their bankroll or at the very least paying someone for an IOU.

Granted - it is still great news for xmr and crypto adoption. It raises awareness and I'm sure helps people get started. I am excited for this news.
But at the same time for XMR - I want to see more people use the currency. Growth through daily transactions is what gets me going  

[cAPSLOCK]

I will say my enthusiasm for the Circle deal was somewhat dampened when I figured out you could not (yet?) deposit and withdraw.  But I am hoping that is on the roadmap... have heard rumors it is.

[Karartma1]

I will say my enthusiasm for the Circle deal was somewhat dampened when I figured out you could not (yet?) deposit and withdraw.  But I am hoping that is on the roadmap... have heard rumors it is.

Otherwise what's the point of that addition! I don't like when things are announced but the actual product is not on the way. Sounds fishy in terms of price speculation before an inevitable...boom

[Febo]

I will say my enthusiasm for the Circle deal was somewhat dampened when I figured out you could not (yet?) deposit and withdraw.  But I am hoping that is on the roadmap... have heard rumors it is.

Otherwise what's the point of that addition! I don't like when things are announced but the actual product is not on the way. Sounds fishy in terms of price speculation before an inevitable...boom

Product is there.  You deposit USD and then you can buy Bitcoin, Litecoin, ETH, ETC, ZCAsh, Bitcoin Cash and Monero. But you cant then withdraw coins but only you can sell them and withdraw USD after you earned on crypto bull run.  That is what Circle is offering. This is sort of not a crypto economy that Satoshi had in mind, but I guess it is inevitable that banks will invent all kinds of things to earn on crypto but still not let it be fully decentralized.   All centralized exchanges are sort of same, just one step further.  Eventually both will extinct.

[solias]

Spotted Triumph Bonneville for sale on ny.craigslist for Moneroj:
https://newyork.craigslist.org/brk/mcy/d/triumph-bonnevillek-miles-btc/6583739573.html

[Big Naturals]

Circle's Monero onramp is about the biggest news for the adoption of the currency as I can remember.

Yes, quite amazing news, maybe in the next 10-15 years we get a Treasury Secretary in the USA from usual Goldman suspects who is currently working on crypto markets via Circle today, quite a thought, but very possible. How things have changed, great for monero to have these new powerful friends lol

[Hueristic]

Damn, everytime I think this bubble has been put in the rear view the market does this again. Well. at least I can still get it under $250 for now.

[elrippos friend]

Spotted Triumph Bonneville for sale on ny.craigslist for Moneroj:
https://newyork.craigslist.org/brk/mcy/d/triumph-bonnevillek-miles-btc/6583739573.html

Niceeeooooo 

[dominikzacny]

Yes but I wouldn't make a big deal out of it. I'm not interested in the game personally - In my kind of business I just don't have time to play games. It is a big disappointment but not the end of the world. I just need a functioning anonymous coin that can handle big volume. So far so good, but the devs need to get their GUI sorted ASAP otherwise I'm out too.

[Karartma1]

I will say my enthusiasm for the Circle deal was somewhat dampened when I figured out you could not (yet?) deposit and withdraw.  But I am hoping that is on the roadmap... have heard rumors it is.

Otherwise what's the point of that addition! I don't like when things are announced but the actual product is not on the way. Sounds fishy in terms of price speculation before an inevitable...boom

Product is there.  You deposit USD and then you can buy Bitcoin, Litecoin, ETH, ETC, ZCAsh, Bitcoin Cash and Monero. But you cant then withdraw coins but only you can sell them and withdraw USD after you earned on crypto bull run.  That is what Circle is offering. This is sort of not a crypto economy that Satoshi had in mind, but I guess it is inevitable that banks will invent all kinds of things to earn on crypto but still not let it be fully decentralized.   All centralized exchanges are sort of same, just one step further.  Eventually both will extinct.

Thanks for clarifying. In any case, whatever one wants to put it if one cannot buy, sell and hold those coins I see really no point in using Circle. I can do that differently without having to rely on a third party

[kurious]

I try not to do predictions - been wrong to many times before. But...

I might as well try a prediction. I am bored, so I will polish my crystal ball and give it a go.

I hate to say this, but it's not whether .024 holds, it's whether .02 will be breached.  Got a feeling it'll be a grim summer.

Whatever we drop to over this summer (July might be brutal) will be at least doubled by the end of August.  The snap up will be huge and fast.

I am hoping to see $500 or 0.05 region prices by end of August and a place firmly in the top ten CMC.  TA pulled out of my ass, so YMMV - but it's not entirely guesswork.  Historic patterns suggest hodl tight, save some powder for the summer dip and be ready to buy if / when there are trolls galore and it looks grim.

[kurious]

Calling all whales - Polo wants you:

"We are lowering volume thresholds for fee discounts. To reward more of our user base for high levels of trading activity, we'll be lowering the 30-day volume thresholds required to access fee discounts. Fees for makers will go to 0% when they trade $7,500,000 in a 30-day period; fees for takers will go to 0.10% when they trade $30,000,000 in a 30-day period."

Form an orderly queue, now chaps...

[MarioSPGroup]

Monero (XMR)support added to Dubai cryptocurrency exchange BitOasis
It was announced earlier in the day from UAE-based cryptocurrency exchange BitOasis that the company now has added support for Monero (XMR) and Zcash (ZEC) on the BitOasis digital asset trading exchange. The two tokens have been added to meet increased demand from the customer base in the GCC.

[dEBRUYNE]

but the devs need to get their GUI sorted ASAP otherwise I'm out too.

Not really helpful to post such an abstract statement. Would you mind describing your issues in more detail?