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Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 09/06/2017, 19:04:53 UTC
Pffffffffffffffffffffffffffffffffffffffffffff I'm going cryptopnuts these days. Reading a lot, viewing a lot, reading more and that in and endless loop. Shifting through loads and loads of crap. A lot of hype and moon talk, a lot of companies that have a coin as a byproduct (a crowdfund) of the services they offer on top of the blockchain and a lot of other just 100% useless coins that do not add anything to the whole cryptocoin landscape.

With a few other exceptions I think Monero is just the right coin. Great developers, great community (more rational and quiet), less or no pump and dump and a good outlook.

Will keep my cash in Monero.

What I do want to know from the monero ppl here is what they think about ETH or whom the Monero competitors are?

I firmly believe that Monero has no competitors as long as there is no other coin that has mandatory privacy by default.
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Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 27/05/2017, 00:09:48 UTC
I was at the NYC event.  The most blatant market manipulation I have observed was the smear campaign which followed.  I have been quiet because I don't like to encourage people to sell, because they will probably harm themselves if they do so, yet I anticipated that the reaction cycle would be adverse to price, once I saw the event, so I have been lying low.  I have now begun to buy again, and so I feel my influence is now less likely to harm anyone.

I am still very saddened by the intense negative emotion that has been expressed here. Surely you must see that such effusions are harmful to yourself.  While you cannot undo the damage you caused to yourself, at least learn from this, and do not let facile emotions dictate words and deeds so incautiously in future.  

As for fluffyponyza's tweets, I think they were very ill-considered.  It seems particularly poor taste to say that pre-announcements would be unethical, after having made a pre-announcement.  The fact that it was intended as a deceit does not make it more ethical.  The logic of that is so bizarrely twisted that it saddens me.

I think the marvelous progress made by endogenic on iOS and Android support is the truly newsworthy part of the presentation.  Surae's discussion of the process of cryptographic review was also of greater importance than fluffyponyza's troll.  Unfortunately these are being overlooked, because they can not be exploited to make you puke up cheap coins.


I am glad you have posted on this and your response is reasoned and about in line with my own. 

Yes, I think a lot of the reaction was OTT, but personally while I know what he 'meant' and FP's little joke was not existential, the ill-judged nature of it has created a bad atmosphere and a ton of troll fodder that it need not have.

Monero is still a great project and this won't change that, but by creating confusion and the potential accusation of pump and dump scam (even if inadvertently) was foolish.

That is about it. but one more small point:

I could do without people high up from 'Monero Mountain' with wine glasses in hand sneering at people who are genuine supporters of this project and deserve better.  It only serves to entrench resentment, not heal it.



I used to truly respect monero and talk about it because it was great without anything majorly bad that I could tell except there being almost no marketing done and the community calling out scams. Monero and the code seemed to be solid, backed up by constant work done on it and a community growing. Now as I've been saying on reddit, fluffy has given other projects a reason to lash on monero by saying that the monero core team which includes fluffy as suspicious because of that announcement and could have profited. Being with the community for a while, I know it is far from the truth but the truth doesn't matter. Fluffy's trolling gave them a reason and has probably stalled the growing rate of the project a little.

Fluffy's stunt felt like a message to me: why are you trying to spread the words, why are you funding monero, I said don't buy monero. I told you so, I am a troll and so smart, I won't apologize to you people because I'm a troll. You guys are idiots for trying to tell people to buy monero when I clearly said don't. Why are you spending time on monero when I explicitly tell people to not buy it?
I'm clearly exaggerating and going to an an extreme but yes, I did feel a bit like that. It could be just me and hope it is.

I know where he comes from wanting to spread his message about not trusting people on a decentralized project but I believe he slowed down the monero project by his move although now the message he wanted to transmit is clearly understood by most people. I am sad to say that I have sold a small amount of XMR for the first time yesterday. I guessed that it would go to more than 100$ by the end of the year and I am still sure it will. I'll be on the sideline picking up some cheap moneroj when I feel it hit the bottom and stop trying to openly encourage people to buy Monero, like Mr. Fluffypony is so proud to have said. In the long term, I guess it will still succeed as any publicity is good publicity but frankly I was quite disappointed by his trolling.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 27/02/2017, 00:44:47 UTC
why monero rise no more..This is a ceiling of resistance ?

There is major overhead resistance at a Fibonacci level sitting on .0107. It has been tested twice so far and price could not penetrate.

https://bitcoinnewsmagazine.com/wp-content/uploads/2015/09/screenshot-bitcoinwisdom.com-2017-02-26-15-32-41.png

I guess it won't go through until good news Tongue
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Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 22/02/2017, 20:48:14 UTC
The thing is I don't know why you waste so much time trolling Dash (and other crypto from what I've heard) do you think this somehow makes Monero look good? Let me advise you, it reflects very badly on your favourite token. If its true that you are paid to troll us then I think whoever is doing that needs to go and meditate.

Calling a scam a scam does not a troll make

But I wouldn't expect a Dash fanboy to comprehend

So good luck with your 'investment'

Considering I'm doing quite well with my 'investment' I fail to see how I was scammed. Must be some weird logic that makes sense to Monero fanboys I suppose.

Good luck with your 'investment' too

The monero community is aware that what we are dealing with is something very important and thus it should be as solid as it can be. There is no room for error/flaws. Dash has been fairly proven to not be up to the task to the ideal of what a cryptocurrency should be like with centralization and various other things. Monero is not a company after all. The reason Dash seems to be doing so good is because they are user-friendly oriented with insane marketing but which the Monero devs thankfully have their priority straight and want to allocate all their strengths to the coding over marketing first.

There are more features to come so marketing an unfinished coin could backfire (if bugs/weaknesses are found). Also, over time the usability and adoption of XMR will exponentially increase as the coding is done and available to more people for adoption and as the coin has proven to be trustworthy

In the end all of this is speculation but I will take my bet with Monero over Dash in the long term. I just see no future for dash in the long run.

Good luck to you.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 19/02/2017, 22:05:02 UTC
The lack of marketing can be seen as a good thing as all the funds that would go to marketing can go to monero development... which is most important because nobody would want to buy an half-assed  coin with flaws in it. If you want marketing you can do it on your own as it is an open-source project.

For those who want to make money off Monero, patience is what you will need. Monero has not been marketing since the beginning and look where it is now... quite positive and I thought we would go down by a lot more by now. Surprisingly we are still going up (because BTC is going up and XMR is holding its ground) despite no real news. There are things to look forward to this year in regards to monero.

Hold, sit back and try to help Monero spread however you can.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 05/02/2017, 21:17:01 UTC
Monero still seems like a decent buy for long-term hold.
I don't think you're going to get rich overnight, but if you hold for a few years it could easily double or triple in price.

I believe doubling/tripling in price is very low for the timespan of a few years. If monero is added on coinbase and ledger hardware wallet supports monero, the price will easily 2x/3x in price most likely as there won't be many reasons to not feel secure with monero Smiley
Post
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Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 30/01/2017, 06:20:52 UTC
We can expect exodus integration at least before 2018 Smiley

https://www.reddit.com/r/Monero/comments/5qy9f5/any_updates_from_exodus/
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 23/01/2017, 19:07:34 UTC
it's been about a week now ( maybe more ) that i have missed the news in XMR.

i say i missed because i saw only now that is in 3rd position in poloniex and used to be 1st or 2nd.

So something must be out or something... we have a stable price of ~0.013 but in my opinion this should be double by now...

can somebody with simple words explain what happened ?

In your question you have the answer. Did something happen for it to go up?
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 22/01/2017, 21:07:51 UTC


I couldn't disagree more on this.
You are saying in indirect manner that everybody who needs Monero will found it.
You are forgetting that the most people are not like you - they are average Joe's watching TV, drinking diet coke and eating processed food and when they go to pick up the daily mail they take a car/rollator to do so. Still, they might have a need for Monero.
Those people are going to find Monero only when they hear it from the sources they are following. Despite the project might speak for itself, the problem is that people who need it cannot hear the speech.

There are different ways how to get publicity... One way is to pump the price and people start discussing about Monero everywhere and even mainsteam media starts to pay attention to it and the community will grow.
The second approach is the way the Dark coin community does: They have hired "shills" to make sure people speak about it.

What will people do when they find out that Monero has no hardware wallet and have to go through what I, as initially an average joe, found extremely annoying to make my XMR safe? Do you think they will be true holders when they know that they have to go through many steps in order to have their XMR secure? Probably not in my opinion, they just will buy then sell. That will not help for the development of Monero and its long term success. I would be glad to have some kind of marketing when there is more simple ways for people to have their XMR secured.

I've talked to my friends about it and one that believed me even has trouble running the GUI... Which is not even the safest way to store. Is now really the time to try to market an open source project in its infancy? I'd personally think waiting for official GUI release and a hardware wallet before trying to spread it through marketing like you say.

There is no pressing need for monero to truly go through marketing and that tells me that you are just being worried about the short-term price. Bitcoin is having problems and their solution is clearly Monero. No coin come close to Monero and it has been proven many times by the recent success of Monero compared to the other coins you fear. Just let time take matters in hand I'd say.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 21/01/2017, 20:22:23 UTC
I do not know anyone who respects Monero of its main weakness (lack of marketing).
Yes, Monero has been mentioned not only on crypto related media but also mainstream media.
The importance of marketing comes to play an important role when it comes to communicating Monero to the new people in laymen's language. Despite Amanda Johnson is a vocal Dark coin person I am not sure if people consider Dark coin as "Amanda Johnson coin".. 


There are different type of adaption:
1) Speculation (short term buying and selling)
2) Bagholding (consider Monero as an asset and want to accumulate it as much as possible)
3) Transactional (buying illegal stuff mainly right now)

When communicating, all these aspects should be taken account, they all have different mindset and thus the approach should be different. Let's approach the people from their own perspectives.


I think I know where you come from: I used to worry about Monero not having marketing early 2016 but then it got accepted by the DNM, price went up and slowly down (oasis exit scam, no GUI). I then got worried again that we should market Monero but then price gradually went up with the release GUI, kraken, bitfinex echange accepting Monero. What makes people want marketing is fear and uncertainty that prices will go way down but I am positive that how Monero is advancing right now is not the wrong path to go.

What I want to say is that I used to believe that marketing was a must for Monero to spread but I am slowly believing it is not as it is a decentralized/open source project which is gradually developing. We still have more features to come and because it is an open source project, having suddenly many newcomers could do more harm than good to it. We should help fluffy with the adoption and awareness as best as we can and get people to be involved with it not as a buy-once-then-dump-and-not-get-involved-with-XMR-forever coin.

I believe the way to go for Monero as a decentralized and open source project is to expand as the same rate it is developing. Deep down inside, we all know that Monero is great, different than Bitcoin and that it is not going to disappear suddenly. Chances of Monero being replaced by another cryptocurrency is very slim as they would have to have continuous development and most likely start from scratch like Monero if they wanted to replace it.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 18/01/2017, 17:46:35 UTC

I can smell...desperation.


LOL nice try troll... but, nope not hardly.

Go back and look at my history here: my basis price for the first XMR I bought 'way back in the olden days is a whopping... $0.70

Seventy-Whole-Cents I have at risk for each XMR in my hot little hands these days, whoop dee doo

I'm personally LONG PAST CARING if the daily price goes up or down a dollar or two.  Hell even if it ever "crashed" back to "only" five bucks I'd probably sell the house, sell the dog, sell the wife just to Back Up The Truck and buy MOAR XMR.

Unlike you I'm just a simple HODL'er who kinda-sorta actually understands the long-term impact of this *technology*... not a day-trader *cough* gambler *cough* probably like you.  

So, yeah... no... uh huh, good luck with that LOL
Sure, buddy. I believe you. Wink

I don't see why his post would be desperation. Coinbase accepting XMR would be huge and what he said was true about coinbase liking fluffy's presentation and XMR winning the poll about coinbase adding Monero. Still speculation but there are signs that it is more leaning towards it happening than not.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 17/01/2017, 21:30:49 UTC
Oh yes please. Could do with a bit of good in a shitty life at the moment.

Since Christmas I had surgery and in the few days after, when I'm supposed to be taking it easy, the most evil cold and bad chest, I'm literally on the floor here.

Cant even keep my tablets down I have so had enough.


Phil




Take care buddy.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 17/01/2017, 20:22:27 UTC
We're going up. Is it due to CEOs/investors liking fluffypony's presentation at The North American Bitcoin Conference? Next destination for fluffypony is at the Satoshi Roundtable.

Also confirmation of Monero integration soon at Jaxx: https://twitter.com/jaxx_io/status/821398329368215552
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 16/01/2017, 22:10:54 UTC
Still waiting on that Jaxx announcement. If what Anthony from Jaxx said is true, XMR should be accepted this week:

https://twitter.com/diiorioanthony/status/817490858039767041
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 10/01/2017, 21:16:41 UTC
I was surprised to read that people expected the price to go up with RingCT because I think that  most traders are pretty ignorant of the superior technology of Monero and those that understand, believe in and love Monero already have all the Monero they can afford so I thought a price increase would be unlikely today.

In any case, Monero is in an amazing place now, the plane has managed to take off (this was the hardest thing) and will most likely only go higher now, and it's good that it's not going up too fast.

The steady rise hollows the moon.

Agreed. However articles about RingCT and accomplishing a hard fork should gain some trust in the ongoing development behind Monero with some new people joining in the fun.
Jaxx wallet accepting Monero in a week or two + successful fork should be positive and have a spike when Jaxx accepts XMR.

It will definitely benefit long term but it seems Monero community will have to deal with explaining why the transaction size increased, how the dynamic blocksize will adapt to it, how it is normal and that there will be solutions to it: https://www.reddit.com/r/Monero/comments/5n78bg/ringct_transaction_sizes_and_scaling/
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 10/01/2017, 06:55:45 UTC
Successful fork Wink
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 09/01/2017, 09:38:22 UTC
What do you guys think will happen after RingCT goes live? It should go live today or tomorrow.

I wonder if there will be articles talking about it. If so price should go up I believe Smiley
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 05/01/2017, 07:06:34 UTC
I see the price go up a few dollars and I just think: "Meh, there is more potential than this". Crazy but that's how I feel these days.

I speculate that it will be likely that we hit an ATH of 100$+ this year.
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 25/12/2016, 05:22:20 UTC
Sell orders keep decreasing and price of XMR is almost at 10$. With BTC calming down and Monero getting RingCT the 5th of January, feels like good times ahead!
Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Luxo
on 14/12/2016, 19:46:51 UTC
People that do not want to store their XMR in exchanges because of security and that did not want to bother to use CLI because it is intimidating will be able to enter with the GUI. Hard wallet missing it is still better than to store your cryptocurrency in exchanges.

People in the DNM market will most likely want to use XMR instead of BTC with the Monero GUI that looks easy to use and with RingCT for privacy after the 5th of January. Why wouldn't they?

Investors/users that were reluctant in buying XMR due to not having a GUI after years and being a joke can now be more confident with Monero having a GUI and RingCT. It proves that there is continuous development being made and that it is here to stay.

Articles to come and get the words out about Monero having a GUI and RingCT for privacy. Fungibility solved, strong foundation. We like our Monero.

Personally, it looks like a no-brainer that we're gonna go way up but I could be wrong. Anything can happen in the cryptocurrency world ;P.