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People buy XMR with bitcoins, not dollars. That chart isn't so cheerful.
First of all, XMR has plenty of of USD transactions. Here are the two "reputable" exchanges that offer USD pairs:
Kraken XMR/USD volume: $536,000
Kraken XMR/XBT volume: $830,000
Bitfinex XMR/USD volume: $846,000
Bitfinex XMR/BTC volume: $557,000
And yes, there's Binance and other reputable non-USD exchanges that do millions in BTC volume, but you have no idea how much of those trades are real.
Secondly, just because more people trade with BTC, that doesn't mean they're not watching USD charts or are unaware of the USD price.
That is completely true, I currently am only trading in USD, USDT and a very small amount in BTC basically because, I don't want to lose the BTC I have
and it is still important to me to increase my USD networth! I only use Tether for short amounts of time, as a replacement for USD.
It's not about HW wallets or anything, XMR is being price suppressed because big players are accumulating it big time. As someone said smart money is well aware of monero and they want to keep it as much as they can for themselves until inflation is low and they can mark the price way up
Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?
Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level
This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.
RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back.
Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?
Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level
This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.
RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back.
Yea i doubt that very much. Wishful thinking in light of knowing better.
The competition for monero is rising very rapidly, both in community and technology.
It's fair to say that now Wraith is active on Verge, it has technically surpassed Monero. And they already had a much bigger community behind them.
And then we have Spectre being technically similar but going environmentally friendly with PoS.
Tbh i can only see Monero go down from here, probably back to around 0.008-0.012 btc levels.
Yea yea, i know you're all going to hate on me now and say they are shitcoins.
Try bringing some solid arguments this time instead of just brainless bashing.
The stupidity of the unwashed masses always amazes me... The only DNMs that would start accepting Verge are the ones started up by LE agencies! Please, start your own market and only accept Verge!!! We will be seeing your name in the news rather quickly in that case! Actually, I think you know that already and this is simply all about manipulation of the new money that doesn't know any better.
I don't know who put this together but I think it's interesting... Don't you?
http://xvg.keff.org/
Re: [$XVG] VERGE [POW][MultiAlgo][BLACKHOLE][Entire Line of TOR/i2P Resources]
For the benefit of those of you who are not in on all the lies!
http://xvg.keff.org/
What goes around... Comes around! In Spades!
http://xvg.keff.org/
What goes around... Comes around! In Spades!
This is something that bears watching, IMO:
http ://redditmetrics.com/r/Monero
Out of 1.2 million /r/, Monero is:
No. 104 Fastest growing yesterday
No. 117 Fastest growing last 7 days
No. 201 Fastest growing last 30 days
No. 427 Fastest growing last 90 days
Over 1000 new subscribers per day, and accelerating. Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more. Ranked near top 0.1% (for # subscribers on that site) and exploding upward. This is visibility, adoption, exposure, whatever you want to call it. Here it comes.
http ://redditmetrics.com/r/Monero
Out of 1.2 million /r/, Monero is:
No. 104 Fastest growing yesterday
No. 117 Fastest growing last 7 days
No. 201 Fastest growing last 30 days
No. 427 Fastest growing last 90 days
Over 1000 new subscribers per day, and accelerating. Sure, all of crypto is expanding, but to me this indicates that Monero is receiving its share of attention, and more. Ranked near top 0.1% (for # subscribers on that site) and exploding upward. This is visibility, adoption, exposure, whatever you want to call it. Here it comes.
Cool stats, they match my sense of what is happening. I see a dip against BTC and then (unlike in the past) there are immediately bargain hunters, hoovering up any signs of cheap Monero.
You have to realise you just can't buy cheap Monero any more, unless you're very quick off the mark. I am having to adjust my trading stance accordingly...
EDIT: BTW, Explorer - I guess you have also spotted how the odd mention of Monero in the WO thread is allowed to pass through the velvet rope. Far more of the smarter people are keeping Monero quietly in their portfolio, it seems
It doesn't hurt that the WO moderator moonlights here.
No pain at all. As a wise man has told me... the moon is black and orange.
But... all will be what all will be.
I so wish we had a like button.
We held nice and stable and poised while the madness went on that could have sent us much nearer to zero.
I still couldnt bare to flip any. I have faith in Monero!
Goooooooo!
Agreed, me as well. Can't sell any. Perfections about 4250 end of 2018 I think are a bit much, but 2000 is maybe double?
You meant predictions ?
Who predicted 4250
? please a link ?Here was my reasoning...
https://bitcointalk.org/index.php?topic=753252.msg26461049#msg26461049
Monero still underpriced. I'm not totally certain that it will exceed Ethereum by market cap, but certainly Monero deserves to be above things like Ripple and Bcash. Given that Ethereum is over $65B, Bcash and Ripple are each around $30B, I see a $50B market cap for Monero as totally realistic. Ledger wallet, multisig and bulletproofs are all yet to be priced in, so $1000+ before October 2018 is quite likely, in my opinion.
So, you are expecting Monero to increase 3x the current price in the next 10 months? When was the last time growth was that low? Think about what it has averaged for the last 2 years and if you want to be conservative discount that number. My gut feel is we should see a 7 to 15 times increase from now over the next year if the following happen as planned and no really catastrophic events derail things.
- Bullet Proofs is implemented successfully
- Kovri
- Coinbase adoption
- Multisig and major DNM adoption
If all of this comes through, I can't imagine we would not increase 10x by the end of 2018 and if we meet the $425 projection I've seen talked about by Christmas, that would be $4250. I will have 2 very Merry Christmas's in a row at that point!
So here's a new way to spend your crypto this year!
http://markets.businessinsider.com/news/stocks/Rock-And-Roll-Fantasy-Camp-Now-Accepting-Bitcoin-591542
Thank you xmr.to!
PS. it should be a short trip for them to start taking Monero with all of the work that's being done on various shopping carts.
http://markets.businessinsider.com/news/stocks/Rock-And-Roll-Fantasy-Camp-Now-Accepting-Bitcoin-591542
Thank you xmr.to!
PS. it should be a short trip for them to start taking Monero with all of the work that's being done on various shopping carts.
Here's some more indications that getting Monero onto Coinbase would be huge...
Currently the highest price for LTC is on coinbase(actually GDX) by about $50+ more than most other exchanges, if you also look at the total percent of Monero's daily volume...
https://imgur.com/LB2mUiZ
you will notice that a fairly significant amount of ltc is being used on polo to buy Monero directly and at a significant premium. It appears that people are buying ltc to avoid the fees of btc, sending it to Polo to purchase Monero.
We really need to make this easier for people to spend fiat for Monero!
Currently the highest price for LTC is on coinbase(actually GDX) by about $50+ more than most other exchanges, if you also look at the total percent of Monero's daily volume...
https://imgur.com/LB2mUiZ
you will notice that a fairly significant amount of ltc is being used on polo to buy Monero directly and at a significant premium. It appears that people are buying ltc to avoid the fees of btc, sending it to Polo to purchase Monero.
We really need to make this easier for people to spend fiat for Monero!
It looks like price is settling around 0.0214 btc... Volume is dropping a little as well ( on poloniex ). Does this mean the run up is over ( for now ) ?
I'm not sure... I think the Koreans may have something to say about that.
So, is it my imagination or has Fluffy and gang (Globee) missed the key days of the Christmas shopping season? We've seen Black Friday pass, Cyber Monday is gone and we're almost to December 1st. So, how will this play out if it's still another couple weeks or more before the Globee project comes to fruition? And does it really matter from a pricing perspective?
Personally, I donated some to the project anyway even though I don't see it having a huge immediate impact on price but, I think it could bring some minor awareness to Monero which could be good over the long haul.
Personally, I donated some to the project anyway even though I don't see it having a huge immediate impact on price but, I think it could bring some minor awareness to Monero which could be good over the long haul.
I think in the short term we will see a decline but it won't go back down below $100.
But in the long term this news about Coinbase handing over records to the IRS is going to make people wake up and realize that they need to have an anonymous coin where you can't track funds or see what is in peoples wallets.
Do we still want Monero on Coinbase?But in the long term this news about Coinbase handing over records to the IRS is going to make people wake up and realize that they need to have an anonymous coin where you can't track funds or see what is in peoples wallets.
Absolutely! Coinbase has more accounts than Charles Schwabb online, which makes it the perfect on-ramp for Monero. Where it goes once it leaves Coinbase is out of their control and is totally private from that point on. Governments may be able to control the on and off ramps but they can't control the technology.
If that happens, we will be in for quite a ride!
Quite a steep rally - I imagine there is some news right around the corner
On polo, I get this message now:
"XMR is currently under maintenance or experiencing wallet/network issues. Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the XMR team. Any updates must be tested and audited before enabling."
Kind of odd.... anyone know of anything going on?
Strange...and I've got a pending withdrawal too...perfect
Still a big arb opportunity at Bithumb, could it be too many people trying to move XMR there to sell it at a higher price? They got overwhelmed and decided to blame it on "wallet/network issues".
It is funny to see Bithumb price at $198 and the rest exchanges at $180-182. does no one trust Bithumb anymore?
Before the BCASH debacle Bithumb has typically led rallies. Not sure why. Wash trades? Sheer money? I don't know about the exchange.I think it just shows that some of these countries are on the rise.
I would have thought that the price discrepancy would he been arbitraged out already but, it's still there making roughly $16 a piece!
Agreed, that never seems to be the problem, in my eyes at least, Monero seems to be perpetually under priced!
I don't take such talk very seriously. No judgement - hey, I am pseudonymous because I like to talk smack sometimes myself.
There are ways to put a fundamental value on these things, but any time you start discounting a future expectation the degrees of freedom proliferate, and you can't really marginalize without a proper measure, so it is always a matter if judgement under bounded rationality. When critical facts are unavailable the picture gets very fuzzy very fast. For example, how do you pick your holding horizon? What is the time evolution of the expectation distribution, and what is it's form? What manner of discounting is rational given other assumptions, and what are the distributions on those assumptions? Are there discrete or binary scenarios indicating distinct models? It gets very complicated very fast when you try to account for second- and third-order effects, model switching, etc. - spaghetti plate diagrams, mixing times that go through the roof, computations that can consume millennia of cpu time. Ugh. If you can make complementary arguments for parameter bounds, that can clarify things quite surprisingly, sudoku-style, but usually I just go with my first intuition, then try to pull apart the assumptions, and attack or support them with ratiocination, known or inferred facts, and common sense - the sum of which is quite fallible in comparison with MCMC, but at least provides a timely answer, for the most part. Fisher's law is sound, and creates a moving attractor, but markets are inefficient, mass-market discounting praxis is mostly a mystery, and event-driven jumps remain often unpredictable.
That said, my Fisher estimate for post-MS XMR is 250 USD in April, and 400 a year later, but even if those numbers (probably conservative) are sound attractors, pricing is volatile on speculative runs, accumulation/distribution events, and news, so that I would expect every price between (roughly) 300 and 1000 to be seen at some point in the 4q18-1q19 period. Dramatic changes in the USD political economy seem likely to drive it higher.
Message received, I have been properly put in my place.
Calmest ATH break I've seen in Cryptoland. People seriously aren't giving a fuck.
No moon rockets, no frenzy.
No moon rockets, no frenzy.
That may be due to the fact that most other people here think that Monero has been "perpetually under priced" as well.
what's the price going to be by dec. 31?
will we see $200?
will we see $200?
Someone should make a thread where we guess exact prize.
I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31? I would give 25% chance to that.
I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.
You know, that will put Monero's marketcap at about $6.5 billion... above Dash in the #5 spot. I would expect that to bring a lot of attention to XMR from bigger players looking for privacy coins with more liquidity.
You never have to worry about monero being over valued so long as it is valued at less than dark coin
Agreed, that never seems to be the problem, in my eyes at least, Monero seems to be perpetually under priced!
what's the price going to be by dec. 31?
will we see $200?
will we see $200?
Someone should make a thread where we guess exact prize.
I am quite certain price will go over USD ATH before the end of the year. If it will go beyond to $200 is also possible but that is not so sure thing anymore. If it will stay above $200 on Dec.31? I would give 25% chance to that.
I doubt XMR will spend any time in the $200 range. The price will creep toward $150 before exploding all the way to $300, and then peak near $425 by mid December.
You know, that will put Monero's marketcap at about $6.5 billion... above Dash in the #5 spot. I would expect that to bring a lot of attention to XMR from bigger players looking for privacy coins with more liquidity.
I doubt the amount because guys like TheKoziTwo were involved earlier than Risto. He created the first Monero exchange and was in a much better position to acquire a such a large amount, but IIRC he indicated he had less than half of that. Buying 700k coins during that time on the open market doesn't seem possible without a massive price run (which never really happened. USD high post Mintpal pump was like $3). And I doubt he was making any significant OTC purchases either. The community wasn't that big at the time.
EDIT: back to speculation. If XMR breaks $110 this week we will be on target to $425 by December.
EDIT: back to speculation. If XMR breaks $110 this week we will be on target to $425 by December.
Game on.
Current price on Coinmarketcap.com is $112.56!
I think the news about Multi-Sig is maybe being heard finally, since it is now in testing and DNMs that haven't stocked up on Monero may be taking the opportunity with these low prices.
"for it is money(Bitcoin) they have and peace they lack"
SHUM!!!
"for it is money(Bitcoin) they have and peace they lack"
SHUM!!!
Polo had a big buy too.
About 2.4 million USD on each.
Now that's what I would call a good sign!
Please! You can't give this guy, @Walonek that much credit. His account wasn't used for a couple years, a few things in 2016 and early 2017 but all of it negative and in October, he started trolling this thread exclusively. Same stuff over and over... We've had way better trolls in the past!
Actually, I even prefer the duck over this guy, at least he comes up with something good every once in awhile and some of it even was humorous! So my suggestion is, don't quote the troll and he'll just go back to wherever it is that he came from.
Actually, I even prefer the duck over this guy, at least he comes up with something good every once in awhile and some of it even was humorous! So my suggestion is, don't quote the troll and he'll just go back to wherever it is that he came from.