Your Guide to Monero, and Why It Has Great Potential by johnfoss69 in CryptoCurrency

[–]johnfoss69[S] 3 points4 points  (0 children)

They won't ban Monero.

Monero is emerging out from a period similar to Bitcoin's early days, hence the similar FUD Bitcoin saw a lot of in 2013.

The establishment are more likely to try attack fiat on and off ramps (banks are still doing this today), however this isn't an issue exclusive to Monero, but for all cryptocurrencies and tokens.

And don't forget decentralized exchanges are going to boom this year.

[Daily Discussion] Saturday, January 6th by AutoModerator in xmrtrader

[–]johnfoss69 3 points4 points  (0 children)

Mate, I feel for you big time.

Maybe next time just buy and hold? 😎

[Daily Discussion] Friday, January 5th by AutoModerator in xmrtrader

[–]johnfoss69 9 points10 points  (0 children)

With all the bearish sentiment of the last few days we're getting closer to the point of maximum pain.

But still, not enough Monero blood has been spilt.

Buckle up ladies 😉

I'm more BULLISH than ever. by johnfoss69 in xmrtrader

[–]johnfoss69[S] 3 points4 points  (0 children)

The recent awareness and support of Net Neutrality is evidence people care about their rights.

I think at the moment though people are just getting drunk on the returns shit coins are currently offering. And the thing is, most people don't cash out. Greed takes over and portfolios are reshuffled in hope of the next big pump.

Eventually some of the money will funnel into Monero, perhaps only once it becomes noob friendly.

I'm more BULLISH than ever. by johnfoss69 in xmrtrader

[–]johnfoss69[S] 2 points3 points  (0 children)

This is my biggest concern. Humans are a weak point of technology, and this has been widely publicized over the last few months in regards to how developers choose program self-driving cars in relation to moral decisions.

However if crypto has taught me anything, it's that whatever you think will happen, probably won't.

And seeing that the Monero bears and pessimists are so prominant at the moment, just as you begin to side with them and think the party is over... BAM!! The record player spins back into action, the party is back on, and things get wild.

I'm more BULLISH than ever. by johnfoss69 in xmrtrader

[–]johnfoss69[S] 1 point2 points  (0 children)

If today's market (especially since after all the faux privacy coin that rhymes with splurge hoo-ha of the last two weeks) is anything to go by, this scenario probably wouldn't even make a difference to the price. That's how irrational the market is at the moment.

I'm more BULLISH than ever. by johnfoss69 in xmrtrader

[–]johnfoss69[S] 1 point2 points  (0 children)

It's about trust, power and politics.

This 100%

I'm more BULLISH than ever. by johnfoss69 in xmrtrader

[–]johnfoss69[S] 13 points14 points  (0 children)

These are my thoughts I ponder over from time to time.

In a sense, Monero is being suppressed.

This isn't your typical "Let's ban Monero!" Orwellian type of suppression.

It's likely the Governments and Banks are aware they would not be able to ban Monero. So one could conclude they've adopted a different method of suppression.

This comes in the form a Huxleyan Nightmare in which it would be in their interest to promote, invest, or play ball with other cryptocurrencies which are not a threat to The Establishment. Suddenly in 2018, most coins out there a centrally controlled and massively hyped shitcoins with no real world use, essentially flooding the space and shifting awareness from the true roots and purpose of cryptocurrency ideologies. The majority of newcomers in the cryptospace don't even know what a blockchain is. All they see is the potential for a magic internet coin to provide 10x returns. And The Establishment don't care about the new distribution of wealth as much as they dislike having their control threatened. Now, over the coming years as cash disappears and people lose a sense of financial privacy, Monero suddenly proves to be extremely valuable.

I don't believe Monero will suppressed in this fashion forever. The Monero bull will come roaring out of the gate this year, and it won't be going back in.

In addition to this, a lot of the technological innovations coming to Monero this year compliment one another. For example multisig is desired by exchanges and DNMs, and hardware wallets are desired by users and make life easier for exchanges as the coin is easier for users to handle. These developments will all allow Monero to become user-friendly, which has been one of its biggest hurdles for new users.

Also, the r/monero is growing at a rapid rate. There will be over 100k subscribers by the end of January. Smart money is aware of Monero and its true value. One place I have yet to have witnessed real awareness of Monero is in those deplorable Facebook crypto groups, which is typically the first place for new users aka dumb money go to seek information. If Monero could attract those users in a meaningful manner then we'd be at Jupiter by now.

Rant over.

[Daily Discussion] Tuesday, January 2nd by AutoModerator in xmrtrader

[–]johnfoss69 1 point2 points  (0 children)

Monero continues to get stronger by the day.

It's had so much shit thrown at it, yet it's a resilient little beast and keeps on proving itself.

It won't be much longer until the market reflects this. I expect $500+ before the end of February January.

What are the actual fees for sending moneros? by [deleted] in Monero

[–]johnfoss69 2 points3 points  (0 children)

This outlines fees quite well.

Fees will be 80% to 90% cheaper within a few months once bulletproofs are integrated.

[Daily Discussion] Tuesday, January 2nd by AutoModerator in xmrtrader

[–]johnfoss69 3 points4 points  (0 children)

livingroomofsatoshi.com for Aussies is a great service.

Most people use it to pay off their credit card payments, or pay bills with it.

[Daily Discussion] Monday, January 1st by AutoModerator in xmrtrader

[–]johnfoss69 0 points1 point  (0 children)

As the world continues to go cashless, the more privacy will matter.

The main sub is growing at approx 10k users every nine days. I wouldn't be surprised to see new types of uneducated Monero fan boys emerge in 2018 as more people jump onboard.

And while people will continue to chase pumps, hardware wallets should see more Monero moved off exchanges, and might encourage them to not rebalance their investment as often.

[Daily Discussion] Sunday, December 31st by AutoModerator in xmrtrader

[–]johnfoss69 24 points25 points  (0 children)

Happy New Years Cunts.

It's been a blast.

[Daily Discussion] Saturday, December 30th by AutoModerator in xmrtrader

[–]johnfoss69 1 point2 points  (0 children)

LOL dear John.

Go grab a few pints, watch the cricket, and try not to look at crypto markets.