Topic: [XMR] Monero Speculation - page 28. (Read 3314316 times)

Well it was a more than 20k transaction spike.  In one day.  And even weirder than the spike is the smooth drop.  It is still following that saw tooth pattern which is a faithful repeating patters of the most transactions happening on Monday and Tuesday, and the least on Saturday and Sunday. 

The spike and drop is interesting.  SOMETHING induced a 2x transaction jump.  In one day.  And from 1/12th to 1/6th of the amount of transactions bitcoin has... But even after dropping off... it stayed significantly higher.  As if something caused to heat up, and now it's cooling down.  But what causes that in a market?

The sawtooth is beautiful.  Coins that are traded on exchanges and used for speculation only do NOT have this sort of pattern as clearly.  Look at BCH.  It's basically a random walk.  This coin IS moved around more than Monero... but Monero follows a pattern that has been strengthening for over a year.  One that corresponds with the days the US Postal Service is delivering.  Or the days that vendors on online markets would take and process orders.  You want to get your stuff before the end of the week?  Better order it on Monday.  But no real use rushing to complete a purchase on a SAT or SUN... the vendors won't process it 'till Monday anyway.

So what are people doing with Bitcoin Cash?  Nothing really.

But the proof is on chain for Monero.

Inverted bart on transaction volume, interesting.

I have no clue what that means but I would like to think its coins moving off exchanges in preparation of swaps.

Indeed!  And the cool thing is all the atomic swaps or DEX trading int he world cannot play tricks with the number if I am understanding it deeply enough.  Interesting time.

And look at little XMR bucking the field yet again.  The transaction volume is very weird/interesting.  It's hard for me to imagine explanations for all the fairly non-random actions on that chart...  Like the recent strong spike (10 days ago or so) with a gentle falling off to where we were... it's a very strange effect, all encased in a weekly rhythm which i think is most certainly corresponding with DNM activity.

No other coin looks like this.  BTC and ETH come closest.  It is a signature, in my opinion, for a project with actual commerce at the core.

See the difference?

I lost coins on polo but its because I sent them back after they explicitly stated they would allow withdraw before kyc. Teach me to trust the fuckers.


People want to trade and its just convenient to have the coins handy especially when exchanges are always going into maintenance mode on wallets when high volume hits.




Luckily the Gov is doing it for us by scaring exchanges into delisting.

The word is out there and DEXes are popping up everywhere, not to mention AS so yeah the word is out there ban it off all exchanges and all that happens is they lose their Derivative market fuckery!

I guess it's just because I have never really been a trader... but I have NEVER understood holding coins on an exchange or ANY service.  I did not do it with Mt Gox, I did not do it with Polo. I (almost) never did it anywhere.

Even Seals with Clubs.  I kept the minimum pittance there ~$10-20 worth so I could jump in a SnG from time to time, but all the rest?  Withdrawn EVERY SINGLE DAY.  If I was going to play anything over pennies I would have to wait on my deposit to clear.

I would never guess that this many exit scams, fractional reserves, and rug pulls would happen and people would still not learn.

Full disclosure- even as paranoid as I have been, even I DID get caught on one exchange going down... I had left a small balance which was super rare.  I was just not as careful as usual. Not much back then, but worth quite a bit now.  All the more reminder to me to NEVER leave a balance anywhere I do not hold the keys, and if I do?  I consider it lost already.  I think I have a 100k SAT balance on Wallet of Satoshi.  But that's like a couple $20s in my pocket.  If I lose it... well I left it there.

Monero is just SO CHEAP and easy to use.  It was not always so.  Cheap, yes, but easy?  Not like now.  There is just about zero excuse.  Your reason up there is compelling entirely without the safety/self sovereignty angle.  But this has been attempted many times (proof of keys).  Even though we can essentially force a massive short squeeze by withdrawing everything...

We never do.

I've felt we have been held back and that may be letting up a bit. I wonder if its the holders are getting their coins off exchanges and putting the squeeze of the fuckers manipulating shit is finally paying off.

Interesting little blast up on decent volume.  Hmm.

Is it the dawn of atomic swaps?  Some percentage of the billionaires piling into bitcoin seeing the pearl that is Monero as well? 

It looks to me like only coins that have a use case (or even a decent claim to one) are riding up with BTC right now.  It's mostly the old school alts. The next tier shitcoins (ala polkadot) all seem to be limp, while things like Binance Coin are headed up (NOT an endorsement of that thing... but it is a coin with an actual use).  Not sure about the whole defi circus as I cannot stand to look at that without throwing up.

I keep patiently waiting for the time that we finally hear the buzz of "Wow.. Monero was really undervalued for such a long time... how did we not see that this was going to be one of the big ones?"

I have been meaning to post one of my "Can you feel it?  I can." posts for days now.  So i missed out on looking smart... lol/  But I do STILL feel it... We are not done yet, I don't think.

The exchanges themselves can naked short.  And I guarantee some of them do it, but it will be to their own demise.

I don’t think there are exchanges in crypto that allows naked shorting.  Lol.  Everything is backed with the USD or the coins in your account as collateral.

But yeah...  It’s nice to see XMR trend back up again.  Hoping to see 500 to recoup some losses made in trading. 

About time.  For me, the compound with the rising USD is thick icing on the cake 

Up and Up, its about time.

Weak hands shaken out?

No more naked shorting?

   I'd try setting up with an exchange wallet to receive the BTC which I'd sell for cash... Never tainting my personal wallets, and relieving me of the coins immediately.  |If the exchange blacklists them, I'd know right away.  I sell dribs and drabs for expenses these days anyway, might as well try to multiply my rake with this arb-ortunity.

After the hard fork there should be (arb opportunities) as long as there are BTC buyers.

I want to see how to set up as a swap provider.

There is a fairly rocking arb opportunity here, I think.

If you go to the l;ink you can see that this is monero being offered only as the opposite swap is not ready until the hard fork. therefore in the link you can change the offering party and see the different rates they are offering to sell their Monero for whatever type of bitcoin they will receive.

Personally I can only hope they are doing this to get the ball rolling and are not going to trade all their clean Monero for Tainted worthless shit at those rates.

Because of it's trust minimized nature I think the spread will be 100% user defined.  This is a beautiful thing.

But it is indeed obvious selling XMR is buying tainted BTC at least once this going.  Isn't it?  And it looks like, at least in it's current form, you will not see the sending BTC address until the transaction is complete.  I might try a little nibble sometime straight into a whirlpool...

   I don't claim to know anything about how it works, but I had assumed the exchange rate would be far better for the XMR 'seller'; an incentive to take on the probably tainted BTC.  Perhaps that will be a user dictated parameter as the testing moves forward?  Amazing work.  I hadn't believed that the project would move this fast.

Cool, do they have a list of what addresses are swapping?

It would be nice to keep track of the percentage of black listed coins that are being dumped on us.

Monero is one of the altcoins that has very good prospects, even though the price has dropped by 50% from the highest price, but I'm sure Monero will increase even more in the future, because currently its capitalization and volume have greatly increased, I think it's just a problem time for monero to bounce back and be able to switch to its new ATH.

https://unstoppableswap.net/

6 offers now.


Also this. I did not looked at it like something super important, but if it will be fixed like this will be magnificent. With decentralised pools 51% pool attacks are impossible.  https://old.reddit.com/r/Monero/comments/p9apyd/psa_monero_decentralized_mining_pool_p2pool/