[XMR] Monero Speculation - page 14. | Bitcointalksearch.org

cAPSLOCK

legendary

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Note the unconventional cAPITALIZATION!

Quote from: infofront on April 18, 2022, 10:01:56 PM

XMR has broken out of the 4+ year downtrend...

Ya beat me to it.

Kinda cool that we also topped out right at that last high. And I think the next zone is in the .008 range.

I would say one more thing. The narrative is strong right now as well. The sort of "proof of keys" type movement going right now seems to have some actual legs. People have finally realized that the insane leveraged interests in Monero are almost certainly heavily influenced by Monero's killer property. You can't see the Binance wallet.

Along with the world waking up to the looming specter of digital privacy disappearing at an alarming rate.

We *could* be on the front end of a perfect storm gentlemen, though I am a permabull and will be saying the same things even if we drop 80% lol.

https://www.bloomberg.com/news/articles/2022-04-18/altcoin-monero-surges-as-owners-set-withdrawal-from-exchanges

Hueristic

legendary

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Doomed to see the future and unable to prevent it

Quote from: infofront on April 18, 2022, 10:01:56 PM

XMR has broken out of the 4+ year downtrend...

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And its about fucking time!

infofront

legendary

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Shitcoin Minimalist

XMR has broken out of the 4+ year downtrend...

Hueristic

legendary

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Doomed to see the future and unable to prevent it

Quote

Monero rose as much as 14%, while Bitcoin, the largest cryptocurrency by market value, dropped 4% and Ether fell 5%. Other altcoins tumbled even more, with Ethereum Classic and EOS down more than 8%.

https://www.bloomberg.com/news/articles/2022-04-18/altcoin-monero-surges-as-owners-set-withdrawal-from-exchanges?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_source=twitter&utm_content=markets&utm_campaign=socialflow-organic

phishead

hero member

Activity: 1874

Merit: 840

Keep what's important, and know who's your friend

Wooo what a run recently

Hope everyone has been well… if anyone would like to participate in Monero birthday festivities on Twitter I have a (sorta) give away going on there. Donate .001 to general development, post your tx hash and enter to win!

https://twitter.com/spesmonerujo/status/1516136136397275145?s=21&t=ZqmFcgTzb9TPQGFq-C4GOg

Febo

legendary

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Block 1 (2014-04-18 10:49:53 UTC)

Smartprofit

legendary

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Catalog Websites

I want to note that the price of Monero did not rise during the last bull market.

The last bull market was associated with the adoption of cryptocurrencies by institutional structures. Funds and large investors have entered the cryptocurrency industry.

Monero was not in trend. Suspicious anonymous coin... No mandatory KYC and AML....

Now the situation is changing. Large investors have lost interest in innovative blockchains. In the world, prices for food, oil and gas are rising. You can invest in real business. It's profitable.

And Monero has a chance to grow. Sanctions, economic wars, refugees - in this situation, there was a need for an anonymous and confidential cryptocurrency. In addition, Monero inflation will slow down in the near future. Monero's sidechain, Tari's digital asset platform, is under active development. There is also a low base effect. Monero is very undervalued compared to the rest of the cryptocurrency.

All this can lead to an increase in the price of XMR.

johnfoss

full member

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THE MONERO MOON (ISSUE 38) IS OUT NOW!

It's got a few things in it that may interest you guys this week!

https://www.themoneromoon.com/p/the-monero-moon-issue-38

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: infofront on April 12, 2022, 11:19:19 PM

Quote from: smooth on April 08, 2022, 10:27:44 PM

Quote from: cAPSLOCK on April 08, 2022, 09:11:43 PM

And it is sad that the WO has gotten so out of hand.

I'm trying to remember when it wasn't.

I've got nothing.

I blame cAPSLOCK and Heuristic

Reasonable... And just so you know, I think you are doing fine. I cannot speak for smooth, but I would guess his complaints are different than mine. For me recently the absolute free for all of assholes has been astonishing. But some of these are old timers that has seemed to break recently... dunno why. Also the influx of loquacious noobs has been interesting.

These two things tend to happen at the bottom of cycles. Since we are not at the bottom of a cycle right now (just judging by time alone) then that makes it interesting.

Also interesting is the sustained unusual Monero action. Boy I hope we can keep some traction here... It's long overdue for the king of the shitcoins to take his throne.

Hueristic

legendary

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Doomed to see the future and unable to prevent it

Quote from: infofront on April 12, 2022, 11:19:19 PM

Quote from: smooth on April 08, 2022, 10:27:44 PM

Quote from: cAPSLOCK on April 08, 2022, 09:11:43 PM

And it is sad that the WO has gotten so out of hand.

I'm trying to remember when it wasn't.

I've got nothing.

I blame cAPSLOCK and Heuristic

We are horrible human beings!

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

Quote from: smooth on April 08, 2022, 10:27:44 PM

Quote from: cAPSLOCK on April 08, 2022, 09:11:43 PM

And it is sad that the WO has gotten so out of hand.

I'm trying to remember when it wasn't.

I've got nothing.

I blame cAPSLOCK and Heuristic

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Volume picking up recently.

tokeweed

legendary

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Life, Love and Laughter...

Looking at the price action, I feel like there's huge money behind Monero right now. And I don't mean spot but derivatives. I think open interest for XMR hasn't reached these levels before. I mean it's not really that high but it's +33% at Binance today, +98% at Okex, up 76% at Kraken.. Hmmm... I feel like we could we see 1k soon?

https://www.coinglass.com/BitcoinOpenInterest

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Hueristic on April 11, 2022, 07:10:12 PM

Quote from: Dinda mayasi on April 11, 2022, 06:29:33 PM

In my opinion, the next Monero Coin is still good with a price that is not much different from last year. Today, Monero is still priced at over $300. Today's price is down 4% due to some popular coins also dropping. I saw last night the market turned red from BTC and others. That's reasonable, and hopefully until the end of the year Monero prices will continue to be stable in the market.

What are you spamming garbage for a sig campaign?

Good grief if it made any LESS sense it would be entirely random. And yet there are enough relevant nouns in it to know that whatever algorithm produced it was tuned in SLIGHTLY to this thread.

Odd.

Hueristic

legendary

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Doomed to see the future and unable to prevent it

Quote from: Dinda mayasi on April 11, 2022, 06:29:33 PM

In my opinion, the next Monero Coin is still good with a price that is not much different from last year. Today, Monero is still priced at over $300. Today's price is down 4% due to some popular coins also dropping. I saw last night the market turned red from BTC and others. That's reasonable, and hopefully until the end of the year Monero prices will continue to be stable in the market.

What are you spamming garbage for a sig campaign?

Dinda mayasi

full member

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In my opinion, the next Monero Coin is still good with a price that is not much different from last year. Today, Monero is still priced at over $300. Today's price is down 4% due to some popular coins also dropping. I saw last night the market turned red from BTC and others. That's reasonable, and hopefully until the end of the year Monero prices will continue to be stable in the market.

tokeweed

legendary

Activity: 3976

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Life, Love and Laughter...

Quote from: cAPSLOCK on April 09, 2022, 09:29:35 AM

Quote from: tokeweed on April 09, 2022, 08:59:03 AM

Ffs guys just start being real to yourselves. XMR is what most people think BTC really is supposed to be. And it's not just that, there are flaws in BTC that maxis won't ever question... Like dwindling mining incentives after every halving. We really can't expect BTC to run on just the fees for how transactions per block.

I see more nuance here than you, I think.

Bitcoin's transparency is a feature and a bug. And I think that we will see improvements to privacy on the base layer as well as transactional layers.

As to the fees complaint. If the bitcoin base layer begins to act like the settlement layer then I see no problem with it continuing to attract miners for decades.

Currently the Block subsidy is ~265k USD worth. @265000/2500. Fees per transaction would only have to reach around a hundred bucks to replace that. That is totally doable in my opinion.

Because Bitcoin is optimizing for SECURITY and not cheapness of fees, then we WILL see fees rise. Naturally. And since it is aiming to do other functions (like simple transactions) on layers then we will still be able to buy coffee with it, etc.

At a glance, I agree it seems counterintuitive for Bitcoin not to continue to work the way it has since the beginning... even Satoshi said he thought we could keep fees at zero for a long time but something HAS to give. And the way we are headed fees will go up. This is to keep the base layer distributed as well as possible.

Monero on the other hand... the contributors have positioned it to be a low fee transactional chain so fees may not go up. It's a bit of a catch 22 actually. Monero, if transactions continue to grow along side bitcoin, will end up much more centralized than Bitcoin. as running nodes will become more and more difficult as we go forward. Monero has chosen to risk some centralization to keep fees low.

I do not see this as an X or Y scenario. Rather I believe Monero will work along side Bitcoin. And POSSIBLY even be Bitcoins defacto privacy layer. Hard to say.

It's more looking like a bug for the most serious use cases. IMHO. And I don't get what you mean when you say 'base layer' and 'settlement layer'.. Are you talking about L1?

And it's not 'we'll see fees rise naturally'. It's more like the fees will need to rise, naturally or artificially to keep the whole thing going. If not, number go up stops. But yeah, it will be an interesting couple of years going to the next halving.

cAPSLOCK

legendary

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I don't want this post to be combined with the last one. So I am starting a new one. But I assume it will still get combined.

I have been looking at the areas of interest between here and 500 USD.

Looks like they are coming in at ~:

250
275
300
350

Plus/Minus a little.

But after 350 there's very little gonna hold us back.

What's it gonna feel like if we make it back into that open sky.

Next I am gonna do some analysis of the BTCXMR pair. So someone post something to make fun of THIS post so I can make that it's own post too!

cAPSLOCK

legendary

Activity: 3766

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Note the unconventional cAPITALIZATION!

Cup and handle formations have been some of my favorite indicators in the past few years, particularly with Monero. This is largely in part because they are typically accurate, and play out.

Well Since I have covid I have been spending some time during my misery playing with charts.

Gentlemen.

If this one play out... Boy oh boy. And I think that since this is based on the XMRUSD chart then that implies a little influence via BTC. This is one of those perfect storm type things that if it plays out... well look at this:

What I do not have is the right kind of chart here to measure how far up it might go. But my back of the napkin sort of math says this... If it can do the 2x needed to complete the handle (from here, roughly) then we havea cup stretching from ~$40 to $520. That is a 13x. So a 13x from $520? $6760.

That means in this overly bullish scenario that we could see a rocket of nearly 30x from where we are right now.

Wow. And sorry for jinxing it!

Edit! I went searching for some extra premium conformation bias fuel on trading view and found this "Don Yakka" fellow. He seems to have seen the same thing I am seeing, but with better squigglies, AND he's projecting further up into the 8k range! So there's that!