Topic: [XMR] Monero Speculation - page 13. (Read 3313786 times)

Any solution for this? How to reach these people and educate them? Where do they come from? Twitter, Tiktok, random crypto discords?

Yeah.  I think you're right.

You know... It kinda stinks.  Retail is just not going to organize enough to do the very simple thing that is needed to punish the exchanges.  And I suppose if they did it would just shut one or two of them down for Monero.

I *think* if we really could get all the retail traders and "investors" to take custody of their coins it could have an amazing effect on the value of the coin.  Really this is just as true for Bitcoin.  But the effect would be much more extreme with Monero.  The exchanges would be forced to buy shit-tons to cover what they would need to honor the withdrawals, AND the short squeeze could be magnificent.

I have often thought if it was done well it would dwarf the Gamestonk move.  Basically the same thing, but imagine how hard Monero would move.  If the exchanges were not able to operate dishonestly it could absolutely CRUSH one or two of them.

But there are just too many folks who don't give a shit, and are just leaving their coins in the custody of the exchanges... and blah blah blah.

Frustrates me.  Not because I want the price to go up (which obviously I have nothing against).  But because the people buying monero do not even understand what they have.

My Monero has NEVER been on an exchange more that 45 seconds past when I bought it.  Sometimes for fun I look at my old wallet from a million years ago and look at all the dpepasits and w/ds just for memory lane.

And I have mineed over the years..  That Monero has never even touched a fucking exchange.

Not that it matters at all... it's exactly the same as what is sitting in Exchange wallets.  Lol.

Anyway.  I do still think we can keep this going in the right direction.  In a way if the world keedps burning down, and exchanges get less and less honest...  It will do it all on it's own.

One last thing.  Is it not amazing screwed up that Tradeogre is probably the most honest exchange of the whole bunch at this moment...  kudos, in case you read this thread.

It used to until the naked shorting.

A little Elliot wave possibility?

Resolution imminent.  



Edit next morning-

Resolution complete.


To the old timers:  Is it just me or has Monero often seemed to want to do this against a weak BTC backdrop over the years.

Agree... that one has some history, and ~.0092 might be a minor speed bump on the way back to .01.  I thin Monero deserves to be back up at least part of the way to it's BTC ATH.  And based on it's fundamental values as much as 2-3x that amount eventually.  That is my hyper bull scenario, I guess.

But right now we need to hold this general USD value.  Seems like a breather in BTC and XMR here.  As we go into the weekend I could see it do this kind of repetition:

I’ve always thought about it this way. With what Monero does there is no reason for Monero to be worth less than 1% of Bitcoins worth. These prices haven’t made sense for a long time, so all the hurdles we see below 0.01 is arbitrary.


To have your belief, whether right or wrong, make you act like a dick to another human for believing something else is just dumb. People are entitled to their own beliefs. Sorry, those people sound like the worst lol.

Historically .0082 should be the next major hurdle.

I remember how downcast so many were even 4 years ago... 

After the 2017 bull, and brief altseason we have all been crushed so badly.  It is understandable that many lost hope.  After all, most alts are absolute garbage.  Most have deserved the 90+% losses, and the ones that have remained closer to the top have NOT deserved to be there.  The only caveat is their demise might bring some pain to all the alts... even the ... well fuck it. I honestly think there is only one that deserves attention.

That said 290-330 is the last stand of the shitcoin levels.  If it can take all that?  Well.  It's just open skies above that, I think.  And I do not think it has to stay under it's XMR/BTC ath either.  I see it having a good chance of attacking as far as .09 BTC if not the whole .1

Appreciate it but infofront beat you to it earlier this page.


BTW, really enjoyed the Moon this week.

I wrote about this on Twitter and in the latest issue of the Monero Moon, but thought it is such a prominent chart I'd share it here.

After 4 years of Monero down-trending against Bitcoin, XMR has finally broken out upwards, and is looking like it will close the month out above resistance.

This is a rare and unprecedented event for any cryptocurrency to break out from such a long downtrend on the BTC pair, and as far as I’m aware has never happened before.

The last time XMR broke out of a long-term (22 month) downtrend against BTC was Feb 2016, before rallying 2600% against Bitcoin.

Back on topic though.  That is a damn sexy daily candle... wonder how many more of these we have in there. 

Well I won't speak for smooth whose beef might be different.  But we had a combination of an influx of noisy noobs, which cause some of the longer time folks to bristle a little as they fish for merits.  Also some folks getting mad about doom-y TA from said noobs.

But also there have been a few accounts, and one in particular that just went off the deep end acting like absolute assholes. Personally I was a bit offended when after letting the board know I had just tested positive for covid this asshole started going on about how stupid we are to believe it was real more or less.  I don;t have very much bandwidth for people who cannot have a little nuance.  I am actually in the camp that thinks we severely over-reacted to covid, and that the vaccines were at best duds.  But I have compassion for folks going through it.  I know people who have died from it, and anyway... yeah mainly one asshole.

As to the maxis being maxis.  That does not bother me all that much.  Again, I prefer nuance but tolerate maxis on both the Bitcoin and Monero side.  While I think I have made it clear I see a world in which both flourish.  So I have never minded those sorts of views expressed here, or there.

One thing I agree strongly on is Monero's privacy is about to make the same kind of lightbulb go off to a LARGE wave of people as it did for so many of us.  The Guns'n'Bitcoin folks... McCormack, et al.  There are a LOT of reasonable Bitcoinners, even maxis starting to admit the fact that Monero does something that not only can Bitcoin NOT do, but that it probably never should.  I think we see privacy improve on layer 2.  But we are nowhere near there yet.  And the short squeeze coming for Monero might be crazy-go-nuts.

^ ^  It's starting imho.  All it takes is a little bit more of critical thinking and for the people in the Bitcoin community to start asking questions.  The most obvious one being why are there still lots of DNM users still continuing to use BTC?  They should drop it as BTC isn't really built for keeping your wallets' blockchain info safe from the prying eyes of TPTB.  Even their most prized use case of the store of value narrative isn't really that strong without Monero's features.


Just curious...  What happened?

THE MONERO MOON (ISSUE 39) IS OUT NOW!

Bumper issue for you guys this week.

Hopefully it provides insight into how much Monero has grown!

https://www.themoneromoon.com/p/the-monero-moon-issue-39

Just out of curiosity, is there any way we could have 'Chartbuddy' that the Wall Observer thread has?  Or would that be considered spam?  Think it would be an interesting addition to this thread over time.




Looks like it

Will this organic groundswell continue?  It looks like it could!

^^ On top of all the narrative talk, has Monero ever trended on twitter?  I don't think we have, and could you imagine the sort of interest that could follow?  Doesn't seem too hard for random cryptos now and days to 'trend' if they start acting real bullish.  I think then you will start seeing a lot more people diving in to the whole #monerun narrative.   

Let's not forget Jack Dorsey follows Monero advocate @Sethforprivacy.

^  We ain't seen nothing yet as far as narratives go imho.  Give it a little more time, when XMR claws its way back to top 10 at CMC the 'narrative' would be if Monero's privacy make XMR a better store of value and a better medium of exchange.  Just watch the news...  I know some of it would be clickbait but most of it would be the truth.  I mean would a billionaire want to hold his money in BTC and be on a list somewhere for everyone to see?  :/  I don't think so...  He would like to park his money somewhere more private.

Just a couple or so Bitcoin halvings more...