Topic: [XMR] Monero Speculation - page 22. (Read 3314309 times)

We are looking at different charts!  Mine covers a year~  and your the lifetime of Monero.

I feel like I'm looking at a different chart than you. This is the 1 month chart. It looks like trying to catch and falling knife, especially given 2021 has been a crypto bull market.



Making a new local low will be devastating for price, and personally I'm surprised as well there hasn't been a bounce from current prices, but it is what it is it seems. Personally I still think FED are scooping up a lot of these coins from dark-web busts, where a lot of liquidity is, then dumping for USD or even BTC. Monero still has enough use case, so it's surprising to see it down for the year.

In fairness we've also seen this in the BTC price of Litecoin, Bitcoin Cash and others that were popular 2017 coins. If price bounces back to that long-term resistance trend-line, I'll be reducing exposure that's for sure.

Ahh, to have ammo left.

That is the only issue with just holding is you never really have the spare fiat to buy.

OK!

So many times, we have been here.  XMR/USD at strong (and critical) support:


Same sort of thing in XMR/BTC:


It would be fairly sad to see the price breaking either of these, and devastating if we lost both...  That seems EXTREMELY unlikely.  So for the first time in ages, I am a buyer.

Wow. Wow.  Wow.

ZCash just lost the single whisp of an idea of a shadow of a reasonable chance for a reason to exist at all.

At this point there are EXACTLY ZERO reasons for it to exist (which was already 99.9% true frankly) aside from paying for "Zooko"'s groceries.  I can only hope that he gets changed with securities fraud someday, as he should.

said Tom Robinson, Elliptic’s chief scientist.

LOL.

I figure you MIGHT be asking about a way to implement HTLC type of layer two?  There are no projects that I know of outside of the vapor phase.

That said, Monero DOES take a different approach to the block size problem.  So it may evolve differently when it comes to scaling.

"SegWit fixed an issue called transaction malleability, which enabled BTC transaction data to be changed before the network processed these transactions."

Why would Monero want to fix something that is not and never was broken?



It has pretty much agreed that Monero has been suffering an attack from centralized exchanges issuing naked shorts and creating paper Monero in a fractional reserve capacity thereby selling shorters Monero that just doesn't exist in order to suppress the price and drive people away. This has been proven by the fact large exchanges have frozen withdrawals due to "liquidity issues" which would only happen in a fractional reserve system.

If you want to hold Monero you should expect TPTB to continue to attack the system until they can either find a way to manipulate it to their advantage or concede (which those in power NEVER do).

So with all that being said, If you are just a NGU fanboi then this is not the coin for you as it is a down and dirty trench fight.

BTC is held in high regard by the banking community now so if all you want is NGU then that is the place for you. Stay clear of shitcoins.

Monero for money and bitcoin for wealth storage and you will win long term.

I'm so disappointed. This has been one of my favorite coins for years, and everytime I buy it because it seems relatively low compared to the rest of the market.

I mean it makes sense, it's anonymous and known for its use on the darknet, so Legitimate businesses and many exchanges want nothing to do with it. But it's just such a good coin, it's like what Bitcoin tried to be. Perfect for sending money/value without anyone knowing, not the crazy halvenings and fees are doable. Is there some kind of segwit for monero by the way? Or would that ruin privacy?

Everyone and his brother can track and trace ZEC transactions now:
https://www.coindesk.com/business/2020/06/30/elliptic-follows-chainalysis-in-adding-zcash-to-monitoring-platform/

Zec is a trusted setup with makes it a fail from the get go.

When I started following the project 2 years later, I was also interested in it, just like ZEC. Both are mined and both are aimed at anonymity. 

I found somebody on Twitter saying exactly what I have been saying.  That XMR is what everybody thought BTC is.  I think he’s somebody new to crypto or at least he seemed new.  But yeah, at least we know people start to realize things and filter the real info from all the noise.

I pinged Fluffy right away suggesting that he should go back on tour and present his ‘Future of Monero’ slide show once again.  I think a lot of people are just misinformed about Monero.

Anyway..  Fluffy’s slide show. 

https://www.youtube.com/watch?v=OgXJr1OOi0Y

I am of the opinion that tptb are setting peops against each other just like the lunatic left and the retarded right are constantly at war.

Its how they keep us powerless.

I was hoping people would smarten up to this crap before I die but it doesn't look like that will happen.

YES YES YES YES YES.  A THOUSAND YESSES.

Same here...  I also bought Monero early on, and have held.  And I emphatically believe that Monero has a completely different set of tradeoffs than Bitcoin.  Those tradeoffs produce a different set of both advantages and disadvantages.

I just hear so much from Monero "community leaders" where they attack Bitcoin, and "dumb maxis" and even insult some privacy maximalist bitcoinners who are starting to actually come over to monero.  It's level 1 thinking, and obviously it pisses me off

As Hueristic points out though... it is mostly Twitter.  And I can stop paying so much attention.

Still, I think the balanced approach to Monero and it's usefulness that you have just outlined is still very important.

Interesting debate @cAPCLOCK...

Personally I have never thought Monero would replace Bitcoin.  I had Bitcoin before Monero existed but I loved what Monero was building and have held it since it was launched.  I still hold both.

Monero has a role, as does Bitcoin and I know many Bitcoiners who have a decent level of respect for what is an honest, non-premined project that has a role, and a genuinely useful and noble USP; privacy.

For me, any stance against Bitcoin from Monero supporters is a pointless, 'comparing apples to oranges' argument.  Monero was created after Bitcoin and is of course different to it. Its main property was something that Bitcoin does not - and was not designed to - have.  It was an obvious move to cater for a demand for truly private money that does exist.  It is legitimate to serve that demand.  It's what got me into it.

OK, Monero's price is possible to manipulate, but I think current real negative price pressure is the perception Monero will be squeezed out because TPTB won't want an untraceable currency to be easily available.  Let's face it, it is easy enough to pressure exchanges not to list it if they want to marginalise Monero.  This perception does not help price, but it is not Bitcoin that is doing this. It is because Monero actually works and TPTB are likely to see that as a threat.  

That said, I don't think Monero can be pushed aside, as it works and offers real privacy, which will always have a use.  Even sovereign states may quietly appreciate it for keeping certain transactions private.

Monero is unique and has a role, but to target Bitcoin for its failings, rather than just spreading the word on Monero's strengths makes no sense to me.

Its just full of NGU fanboys, just take a week off.

It will be there and be exactly the same when you go back.

You have a great point.  But sadly Twitter is where the crypto community lives.  Well, there and reddit which is just the same tone nowadays.

You gotta stop reading twitter, maybe try Instagram.

I am not concerned with whether Monero competes with Bitcoin.  And I think Monero is most certainly better than bitcoin at being digital cash currently.  And currently Bitcoin is better at being digital gold.

I think there is privacy coming to Bitcoin's layer 2 that will rival Monero's.  Eventually.  L-BTC already has CT baked in.  Once you hold value on that chain it has disappeared into a cloud of math.  And most maxis see liquid as a layer2 of bitcoin.  So bitcoin is already stealing some of Monero's tricks (although many maxis will point out that CT was suggested my Greg Maxwell for BITCOIN.)  Privacy on lightning is also understudied, and I think as it improves will become very strong generally.

But again, my point is not whether or not "Monero is better than Bitcoin".  My point is the Monero COMMUNITY is tilting at windmills trying to proclaim that Monero will beat bitcoin.

It's the ultimate shitcoin argument, and monero is better than that.  All it has to do is capture all the DNM traffic.  Then establish a relative security as a store of value, and then draw the politicians in.

My point is stop yelling about Bitcoin, and just let people understand why Monero is worth using.  That's what Samurai and BnGuns is doing.  And the monero community is criticizing them for being un-pure.

THAT is my point.