Topic: [XMR] Monero Speculation - page 198. (Read 3313076 times)
I’ve been watching Monero for a long time, I think this is one of the most profitable assets, but why I didn’t take it three years ago, although I thought to take a lot, I took just a few coins just like that.
So I am noticing a pattern.
1. Big BTC Market selloff.
2. Big BCHSV rally with BCHABC even or selling off.
3. Small or Medium Rally in one or more of the Privacy Alts (XMR, ZEC, DSH, XVG)
4. BCHSV selloff
These three events have repeated at least 2 times, and I think we are currently on time 3... And this time ZEC seems to be getting the most attention with XMR and XVG takng a little sunshine as well.
Thoughts:
It seems pretty obvious to me what is happening. We are seeing a few whales selling of BTC to fund their "war" which has catalyzed the extension to the bear market in general. Then we are seeing mass BTC and BCHABC being converted to BCHSV on captive exchanges which explodes the price since we do not have the ability to deposit SV on exchanges fully working yet.
The SV angle is very tenuous. Once deposits and withdrawals and wallets are all working well we should see some pretty serious action, and I am thinking a fairly large selloff. The whales buying it can only keep this up for so long, and once the floodgates open it's going to be a bloodbath.
Sadly, this is setting mainstream crypto acceptance back. There is no question. The volatility will make the current SEC chief very reluctant to allow mainstream products like ETFs. It frightens Joe Public. And it makes crypto look like the playpen of crooks and manipulators... which... frankly... it is.
As to the privacy coin bumps... this is most interesting. It does seem to be happening in this same cycle... after BTC and SV cool down from their respective dump/pump we see action. Why? Who? Dunno. Discuss amongst yourselves! Looks like ZEC is getting the love this time around, but XMR and XVG are also seeing volume and action.
1. Big BTC Market selloff.
2. Big BCHSV rally with BCHABC even or selling off.
3. Small or Medium Rally in one or more of the Privacy Alts (XMR, ZEC, DSH, XVG)
4. BCHSV selloff
These three events have repeated at least 2 times, and I think we are currently on time 3... And this time ZEC seems to be getting the most attention with XMR and XVG takng a little sunshine as well.
Thoughts:
It seems pretty obvious to me what is happening. We are seeing a few whales selling of BTC to fund their "war" which has catalyzed the extension to the bear market in general. Then we are seeing mass BTC and BCHABC being converted to BCHSV on captive exchanges which explodes the price since we do not have the ability to deposit SV on exchanges fully working yet.
The SV angle is very tenuous. Once deposits and withdrawals and wallets are all working well we should see some pretty serious action, and I am thinking a fairly large selloff. The whales buying it can only keep this up for so long, and once the floodgates open it's going to be a bloodbath.
Sadly, this is setting mainstream crypto acceptance back. There is no question. The volatility will make the current SEC chief very reluctant to allow mainstream products like ETFs. It frightens Joe Public. And it makes crypto look like the playpen of crooks and manipulators... which... frankly... it is.
As to the privacy coin bumps... this is most interesting. It does seem to be happening in this same cycle... after BTC and SV cool down from their respective dump/pump we see action. Why? Who? Dunno. Discuss amongst yourselves! Looks like ZEC is getting the love this time around, but XMR and XVG are also seeing volume and action.
It probably was a critical mass point and TPTB felt it was a good time to strike. Or set it up to coincide with the BCH drama.
Physiological warfare, but that will not work as they just don't grasp the reality.
I bet they wish they could have moved satochi's coins as well. Lol
Physiological warfare, but that will not work as they just don't grasp the reality.
I bet they wish they could have moved satochi's coins as well. Lol
^ How so? I wasn't aware any BTC futures expired that day. And whenever prices fell caused by futures' expiration, it was never anything like this. This blood bath looks like there's some maniac pushing the sell button.
Not sure, just recall a few people making that claim when it happened--spent a few hours looking for a reason that wasn't "zcash fork!" so maybe it was wishful thinking on my part. But it sounded plausible at the time.
^ How so? I wasn't aware any BTC futures expired that day. And whenever prices fell caused by futures' expiration, it was never anything like this. This blood bath looks like there's some maniac pushing the sell button.
And who won after all that bs? Faketoshi did. And who lost? Everybody else. I don't know why some people still even give him a platform. I guess he's like the level 1000000000 of scammers.
Didn't futures cause the slide and it just
And who won after all that bs? Faketoshi did. And who lost? Everybody else. I don't know why some people still even give him a platform. I guess he's like the level 1000000000 of scammers.
What we got is another bitcoin copy in top10 coins with tiny bit of tweaked traits.
Did we win yet?
As soon as we spread Monero awareness in Nigeria, Bangladesh, India, Indonesia, Mexico, Philippines. Then we are half way there.
OK, next week then.
Did we win yet?
As soon as we spread Monero awareness in Nigeria, Bangladesh, India, Indonesia, Mexico, Philippines. Then we are half way there.
Did we win yet?
Considering only top50 countries by GDP. And when trying to find out which countries have least nodes considering their GDP strenght we got this:
Seeing this https://old.reddit.com/r/Monero/comments/a0c6vi/i_made_a_chart_of_the_number_of_full_nodes_around/
I choose top100 countries by BDP in 2017 and then deducted node rank from the BDP rank. So China is rank 2 by GDP and rank 4 by nodes so got factor -2. Could be some mistakes and is sort of strange to me that there is no node in big Iraq.
I choose top100 countries by BDP in 2017 and then deducted node rank from the BDP rank. So China is rank 2 by GDP and rank 4 by nodes so got factor -2. Could be some mistakes and is sort of strange to me that there is no node in big Iraq.
any guesses where monero bottoms?
Long term seems Bitcoin is following 2014. Almost identical, since dates are similar. Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year. You can imagine where will Monero be. So there is your bottom. I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.
If you are asking in upcoming weeks, then it is ofcourse way higher.
OK, while writing it makes me think. I call that Monero will not go under $50. Most of time will stay way over that but should not go under this number ever.
If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.
Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.
Well I will be probably wrong as usual
But we were both right. $50 XMR was needed so people started getting gloomy, calling $1 Monero and the end of crypto. That is needed if we want to get out of it.
Monero needs to eventually make a move on its own. Not related to bitcoin or any other cryptocoin, but to its privacy related trait.
any guesses where monero bottoms?
Long term seems Bitcoin is following 2014. Almost identical, since dates are similar. Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year. You can imagine where will Monero be. So there is your bottom. I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.
If you are asking in upcoming weeks, then it is ofcourse way higher.
OK, while writing it makes me think. I call that Monero will not go under $50. Most of time will stay way over that but should not go under this number ever.
If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.
Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.
we tracked pretty well to btc instead of dumping. Im optimistic if that picks back up.
I would advise selling right now and buying back in under $10, the bear market has only just started for altcoins and will drop a lot more.
XMR currently at about $50 hitting low of $10 would be cut-in-half about twice from here.
Applying that to BTC which is now at just under $4,000, halving twice-more would be... $1,000
Then again for BCH now about $180... it's $45.
So, agrees with my guessing?
Only remaining QUESTION is... timeframe? WHEN??
Bitcoin and ETH residents of South Korea do not sell at all 
https://coinlib.io/global-crypto-charts?theme=dark#global_money_flow
https://coinlib.io/global-crypto-charts?theme=dark#global_money_flow
Cool XMR got a mention on this, though I only roughly understand it.
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