Topic: [XMR] Monero Speculation - page 11. (Read 3313670 times)

I would think that because of high inflation, more people would run towards blue chip cryptos, PMs and the like.

I mean sure, I definitely agree that there will be a non trivial amount of people that will run away from crypto for now, but I think those type of people are probably those that have bored apes in their wallets rather than blue chips

What he's saying is somewhat true tho.  The market has been in pvp mode since late last year with the last pump from around July to November mostly absent of any retail money coming in.  It could be the reason why BTC was unable to move way past its April, 2021 all time high.  My guess is the April - May sell down broke a lot of people and they could be not coming back to crypto in a little while.  It's funny but sad at the same time.  Now we got high inflation, high gas prices and all that shit.  Who would be thinking about crypto rn?  It's just us in goblin town...  Again.  :/

I believe he still posts a little on twitter now and then.

As to AP... I meant full of shit in a loving way (in case he ever comes here to read this. lol).

Honestly without AP and his overtly grandiose posts on here and on /r/Monero, I probably wouldn’t have stayed around and learned more about XMR (and Bitcoin for that matter) back in 2015. Whether you like her or not now, she has a way of thinking outside the ‘norm’ and is fun to read her posts. Would be happy to see her share her views on this thread again like the good ole days.

…

By the way, where is aminorex through all this? Haven’t seen him around in quite a while.

I get a kick out of herm.  But I take your point.  He was always full of shit, and it's sad he made so much money then she blew it all...  I honestly think this latest thing being posted is wrong.  It's a coinflip at the moment.

Beloved?

Fuck that bitch manipulator.

It's apparently looking for a reentry it can pump and dump as is its modus operandi.

Our beloved crazy bull Americanpgasus (katiecharms) has made a dire prediction.  I hope (s)he is wrong, of course.  But there is no doubt we are at a very interesting threshold in the market overall...

https://www.reddit.com/r/CryptoCurrency/comments/uv6f5v/crypto_has_never_existed_through_a_global/

I personally think if the world macro environment is indeed imploding, that although "crypto" stands to lose violently, I would not be surprised if Bitcoin does better than the average of assets at worst going down less than most other things.  And I think Monero could be a stand out in the rubble as well... but possibly to a lesser extent than BTC.

Fact is value will flee to places.  Gold, land, and to some extent Bitcoin.  Andaltcoin value ought to go away like a fire, I am afraid.

On the other hand Bitcoin (and therefor Monero) might see a rise because of the above...  hard to say.

I was just coming to say...  I have been showing charts of XMR/USD which includes Bitcoin's movements.  But I am expecting we see some of the return to an XMR/BTC price from the past.  We have a LONG way to go to ATHs in that regard, and I can see scenarios where XMR does quite well in USD terms, but never gets back to .033 was it?  But I can see scenarios where it does as well.  The latter seems extremely bullish, and a bit unlikely to me, though.

Monero attempting to breakout from its four year down trend against Bitcoin (again!).

Looks pretty bullish if you ask me.

We are so far overdue for a level-up, that it should be a whopping big one.  Again.

Nice catch...  Maybe it's the preponderance of folks coming in between 2015-2017 that makes this belief popular.

On to a chart.  I have had these little lines on my monero USD chart for a while.  We are fairly decisively busting through them, looks like.  I think if we get the BTC run I am kind of expecting (just a little relief, or a start to a good little bull?  dunno) then I could see XMR breaking back into the 200s range again soon.

This belief seems widespread, however it is false.

Top of April 2013 was $266.

Top of December 2013 was $1170.

Bottom of August 2015 was $160.

And I remember at the time, during the downtrend post December 2013 peak, many people could not envision the price going below 266$ because "the price never went below the last cycle high" (and despite this pattern being true at that time - unlike today, the pattern got broken).

Monero is showing a sort of strength and resilience I do not believe we have seen since 2017-18.

• The macro environment is EXTREMELY uncertain right now, and all signs are pointing in the down direction.
• Money is moving away from risk, and to the dollar (amazingly) and ruble.
• Tech is getting whallumped. We are seeing draw downs that look like Bitcoin bears in strong tech stocks
• Crypto in general is correlated to the stock market, and particularly the tech side
• Arguably we are seeing an altpocalypse. ETH is down like 2/3rds and almost all alts are getting killed
• Bitcoin dominance is up sharply to level not seen since last year
• Terra/Luna/UST need I say more?

And Bitcoin, while also down is showing fairly strong support and not doing the sort of draw down we have seen in past bears.  Many are still calling for Bitcoin to do something it never has and pull back to below the last cycle's highs.

But Monero...  Well this is complicated.  But it is showing some unique things in the midst of this.

• Monero DID draw down with the other alts during the Luna fiasco.  Losing (like ETH) about 60% from JUST LAST MONTH.
• But while the rest of the alts are either continuing downward, or at best not recovering Monero is up 60% from lows
• Monero transaction volume remains high but flat. Down from it's peak, but still high.
• Monero short interest is still higher than most other coins. Backwards from BTC and ETH

Before the Luna debacle Monero was seeing huge gains, out of proportion with the rest of the crypto sector.  And though It participated in the crash, it has resumed it's prior upward trajectory to some extent.  Much more so than other coins which remain beaten down. 


What is driving Monero's buying pressure?  We are not seeing anything that would support this in the on chain data.  Transaction volume is fairly flat.  The comically backwards short/long makeup of interest in Monero continues to be an anomaly.  Yet the price is showing strong signs of buoyancy often being one of the only green alts in the top 100, or at worst at least holding.

I think we are seeing organic interest in Monero.  And I think we are only seeing the very beginnings of it.  New crypto folks are trickling in and one by one the lightbulb goes on for some of them.  It's unique use case, and excellent properties put it in the position of being a peculiar draw.  Monero has made clear and decisively different choices than bitcoin in the areas or privacy (obviously), issuance (tail emission), ASIC resistant mining , and block size.  Some Bitcoinners who would even be seen as Maxis by most are starting to come to Monero because of it's very unique and potent properties.

I think we COULD be in the early stages of it's most epic rise.  And I think the cartoonish short interest may end up fueling the rise dramatically enough to cause some fomo out there amongst the dog-coin types.  They might not know they are actually fomo-ing into something really good for once... but that will not matter to Monero's bottom line.

I remain bullish.

THE MONERO MOON (ISSUE 43) IS OUT NOW!

Grab a coffee or a beer and kick back for a read. Like, share, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://www.themoneromoon.com/p/the-monero-moon-issue-43?sd=fs

I have become a fairly strong fan of Feather.  But then, I also quite like Electrum:

https://featherwallet.org/

There is an applauncher version.  Run's perfectly on Arch for me.

What is the best wallet for Monero these days?

I´m using Ubuntu 21.10 if that is relevant.

I've been busy with other things, and apparently I missed this!  Crypto to the MOON! unless it went to zero...

Yes monero is the good investment still this project is active in the cryptomarket monero has good developers so the future of monero will be very bright there is no doubt currently the price of XMR is low and the cryptomarket situation is very bullish so holding is a good strategy.

NGMI

Yeah dunno too but it's better to play it safe and have some fire power when the market is in all out alt season than trying to trade or buy into a market that could just sell down anytime.  Look at XMR.  Was looking all good til it wasn't.  So what now if you took a shot at 250 USD and didn't have a stop loss?  :/  Sucks being stuck in a bear market cos who knows when you go back to breakeven.  Could be months...  Years?  Please no, mi familia.