Topic: [XMR] Monero Speculation - page 3. (Read 3312350 times)

I'd have given you 20 merit had you deleted it.   But smooth has a light hand... that's good I think

Yeah just found out as I saw Welsh's sig is gone.  It sucks that it happened...  Stay safe out there.

I'll let that spam-ish post go but please don't post it again here

Double bump...

AFA price, binance is suppressing on low volume and since I've personally held everything for years I have no issue holding longer.

They will break with their manipulation tactics eventually and those selling now will be crying a river.

I think long-term it still has some potential, somehow, at least fundamentally. But this year, I'm not expecting anything "good" to happen, at least not until end of the year maybe.

For reference sake XMR/BTC this week is getting heavily rejected by 200 WMA that's trending downwards in bearish formation, despite the golden cross with 50 WMA:



This probably has less to do with Monero and more to do with Bitcoin however. BTC dominance is bouncing strong this week after the recovery from $20K to $25K, as opposed to falling further. Starting to get the 2019 vibes of a continued recovery for Bitcoin that leaves alts in the dust, regardless of how relevant they are. Ethereum being another example of failing to keep up with the no.1 reserve asset this week.

Many will probably argue this is do with SVB, and therefore the mentality of investors fleeing fiat or banks for a reserve asset such as Bitcoin, as opposed to speculating on altcoins. But personally I think this is just the recovery stage of the bear market whereby Bitcoin outperforms the the rest of the market and would of happened regardless, eventually, and least this year at some point.

Another year of consolidation in the current wide range of 0.04 and 0.08 could be the ingredient needed for something relevant to happen for this coin though.

I am finished with Monero. Think about that. They put them in a South African prison, one of the most dangerous in the world. Don't you think he'll tell the authorities how to trace the transaction and who the team members are etc. to get a less severe sentence? I'm sure he will. Entire chain is compromised now.

^  I don't know how long it'll last too but it seems like with all the jpegs *cough lmaooo cough* in BTC started ruffling some maxis' feathers, I think some of those guys will secretly start having some appreciation for XMR for transactions.  And who knows, some of them might be starting to get into XMR.  But there's def no way to prove it and that's exactly why they'll do it.  

Oh and again with all the jpegs in BTC, they'll stop thinking XMR is at odds with BTC.  XMR is going to be their go to in case something breaks.  

Really it's been quiet in here for quite some time...


Your calls tend to be quite good... we will see.

I do not know how long it lasts, but Monero seems to be one of the few "crypto" projects with a REAL use case.  And one at odds with BTC.

Wow, seems like this thread got very quiet all of a sudden  


As an update, and as I suspected, Monero has failed to find support from the Weekly golden cross. Probably because this golden cross of 50 WMA and 200 WMA is such a lagging indicator:



I think the next target is back down to 0.004 BTC based on the volume gap, unless price can quickly rebound back above 200 WMA. Main issue appears to be the declining volume since last year (hence gap). As I previously referenced it was a solid 150%+ move to the upside in 2022, but looks like the rally is over. In hindsight, there was never the volume to support such a breakout in the first place.

Meanwhile, XMRUSD is struggling to hold onto it's bullish trending 200 WMA at volume support, so a retest of $100 might well be on the cards if unable to consolidate at volume support. So maybe Bitcoin will stay flat in the coming weeks/months and the re-test of 0.004 BTC coincides with $100, or otherwise Bitcoin to reach $30K, with XMR maintaining around $150 but otherwise falling to 0.004 BTC. That'd be my guess.

There's an irony that BTCUSD is currently struggling at it's Weekly death cross, but just like XMRBTC hasn't found support from it's golden cross, it seems likely Bitcoin can break through it's "lagging" death cross.

Almost 2 years of almost no posting here made me a bit nostalgic. LOL

Monero still had not made the big break. Wonder if ever will or will just always stay to be used by minority. It is ok that way, and I am not worried it will not be at least that.

 https://shop.monerokon.com/monerokon/2023/


Monero Konferenco was announced to be in Prague in June.  Not sure why it was decided to stay in Europe for the second year. Last summer was in Portugal. But they picked nice place. Might get tempted to attend.

I´m waiting on delivery of a pinebook pro.  It comes with Manjaro, which is an Arch distro.  Never used Arch before, always vanilla debian stuff like ubuntu or mint.  I´ve led a sheltered life.

How are XMR speculators doing these days? Last year I was talking about the bearish trending 200 WMA that was likely to act as resistance on XMR/BTC. While it did act as resistance for a couple of months as price consolidated towards the downside, we also did eventually get the break to the upside. I also mentioned how I didn't trust the break-out from long-term downtrend, instead wanting to see price turn the 200 WMA (or future golden cross) into a support. We are now at that exact moment. Price has since pulled back to the 50 & 200 WMA golden cross, but so far this week has failed to bounce from this level.



There is one overall takeaway I'm getting from this chart: Monero has been outperforming Bitcoin throughout the bear market of 2022. Literally bottoming towards the end of 2021 and creating a local top at the beginning of 2023. This gives me the impression that during a continued relief rally for Bitcoin, Monero will struggle to keep up, even if dollar wise will continue to increase or hold it's value.

Overall, it was a solid 150% bounce last year for those who caught it. Even 100% could have doubled your satoshis. But I think for now, the rally is over. I've added this coin to my list of BTC-based shorts.

Good grief.

cAPS decides to stop posting at the BCT idiot forum and suddenly the Monero speculation thread has not had a post for the better part of a month.

C'mon people!

OK... OK... I will give you a bullish bit of info.

I had to reinstall my main OS.  I use Arch Linux.   And to get the regular Monero binaries (GUI and command line) you typically have to go into the "user repository" (AUR).  This means, essentially, that you compile a binary of the program, maintained by a volunteer.  You basically build the program from source. It is not an official package for the distribution.

But behold!



Arch Linux now includes Monero as an official program in the community repository!

Yeah.. this is sort of fringe stuff...  But honestly, it is also quite validating that the best linux distro now includes Monero as an 'official' app!

Keep up to date with Monero!

https://www.themoneromoon.com/p/the-monero-moon-issue-61

 

^  Why change the addressing scheme, how did that come about?  If something ain't broke, don't fix it.  IMHO.  But I guess if they're really gonna push for it, I think we should be able to generate a new address with the new addressing scheme from our old private keys.  That at least could make the transition a bit easier for the user.  But from a community wide perspective, a change this radical could pose some considerable 'inconveniences'.  Imagine not being able to send XMR to say a gambling site cos the site hasn't upgraded yet.  :/

I guess it's back to Tronz coinz again. 

That's the money basically.  And I am hoping they are not.  I am going to dig in a little this weekend and see what I see.  I have begun to make a list of "line in the sand" criteria.  For example I want full backwards compatibility with the old addressing scheme.  Similar to Segwit and Taproot.  But since this is a HARD fork (as usual) they do not HAVE to do that.  This one seems to obvious it hurts... they HAVE to have backwards compatibility.  Anyway... if I feel it is relevant I will share my thoughts.  (currently I doubt it will be lol... but we will see).

Also...  *IF* the Monero devs got captured somehow...  ah never mind.  I will bring that up later, maybe.

No, I haven't heard much from him on things about or related to Monero or crypto.  I stopped following him in Twitter tho or any of those crypto guys I used to follow.  I just want to have fun again and stop taking this stuff seriously.  Everybody is mostly here for number go up anyway.

But after Fluffy getting caught and held in a US prison I would be a bit uneasy if he becomes vocal about supporting any important changes out of the blue.  Not saying TPTB got to him or anything, just saying...  XMR is the last bastion of hope in crypto imho.  Devs can't afford to fk this up.

As the banking cartel gets increasingly more tyrannical and inflation becomes more and more thinly veiled I become more bullish on Monero.

https://odysee.com/@MoneroTalk:8/veteran-darknet-vendor-doingfedtime:2