Topic: [XMR] Monero Speculation - page 42. (Read 3313076 times)

https://www.cnbc.com/2021/04/12/bitcoin-kraken-ceo-jesse-powell-warns-of-cryptocurrency-crackdown.html

Seems we have the dip right now.

In general. Monero is only trying to return where it was. Its price have to double to get back in top10 on CMC if all other coins stop moving. Bitcoin reach 2017 ATH 5 months ago, ETH reach it 3 months ago, Doge 4 months ago. Monero still had not. For Monero right now to go back in top10 in CMC price need to double. Then the play field will even.

Absolutely.  The more bullish among us believe that is imminent.  I am leaning that way.

The best part is Monero has fundamentals that are much stronger than nearly ALL the other crypto assets.  Almost everything else is mostly speculative.  I think Michael Saylor called other crypto assets the equivalent of VC projects while Bitcoin is a proven project with a real track record, and a solid use case.  And I think he is onto something.  Even Ethereum is still mostly hunting around for a real use.  The NFT craze is yet another example of people building something that serves almost no purpose (although the concept will be useful going forward in the digital asset realm, and most likely will be running on Bitcoin side chains).

But AGAIN, Monero is unique.  It does something Bitcoin can never do (and arguably should not do) and is IN USE. 

What are people using Doge for?  Litecoin?  Even ETH and the myriad clones/upgrades? 

Speculation.  Almost entirely.  I think some of the older alts ARE being used transactinally somewhat.  But Thiers' law (good money drives out bad) seems to be in full effect for "crypto".  In Africa where Bitcoin is being used transacationally I am understanding people are using custodial 2nd layers to transact in BITCOIN rather than alts.  Even though it is cheaper to transact in DASH, you do not want to store value there when BTC is proving to be the better store.  So moving into and out of Dash will become too much trouble when you can just use a 2nd layer system to send BTC back in forth.

Unfortunately the above is true for monero just as much.

EXCEPT!!!  Monero has a use case that makes it WORTH the friction of buying it, and the risk of holding at least a little.  It is one of the ONLY alts that actually does.

I wish we could determine how much of Monero's transaction volume is is commerce rather than speculation... but Monero makes figuring that out kinda hard.

A long answer to a simple question.

Here's the short answer:  Monero will most certainly break it's 2018 ATH.  Most likely sooner rather than later.  Eventually it will set a new one somewhere between the old one and an order of magnitude higher.

One other thought.  This is all related to the reason I am so bullish about atomic swaps.  There is a REAL NEED for people to be able to switch back and forth between XMR <=> BTC.  And once that becomes frictionless it will happen a LOT since people have a reason to want to trade in Monero (unlike something like DOGE). 

What do you think that will do to the demand and price?

But then again if you look at the price in BTC, it’s still near the bottom.  I think RSI is more applicable for XMR/USD than XMR/BTC in this instance.  So if you’re holding BTC right now, buy the alt that’s currently outperforming it.

Yeah , and finally It's time to smile for me now as after years of waiting Now there is really a good movement .

Anyway for another positive thoughts.

Would Monero(XRM) Will break the ATH from 2018? those currencies from top 20 are already broken their All Time High so what about this rank 23? any chance of Pumping high soon?

Interesting times here

Finally there is some movement in this thread 

Pretty hot on the daily:


But if we zoom out a little, not bad at all...


I think we have legs here, for sure.  My spidey senses feel crazy good.  But it would not be unhealthy to pause/pullback a little here.

Hows that RSI looking?

Just saying.  

Looks like we might be seeing some of Febo's short squeeze right now.

Is there live data on that? I cant remember that site with the short interest.  I hope a lot more gets squeezed,and I hope the shorters lose their asses.  Seriously, I am a chill fellow that generally does not wish harm on others... but there are shenanigans being done on Monero, and I want BLOOD out of the perps.  I hope they get hurt bad.  Bankrupt ... lost all their bitcoin collateral -- consider jumping level bad.  I *almost* feel guilty... but nah.

-edit-
Here it is... May their pain be strong.

https://datamish.com/xmrusd/14d

Any moment now shorters will be getting squeezed, then price will go BAM!!!   Price now shyly at $320. Like this new ATH can already happen next week  Finally!

If enough people believe something it becomes a self fulfilling prophecy. Too many believe in this witchcraft, but they will find out the hard way it will bite you in the ass and leave you out in the cold ala Mindrust.

Lord no.  All I am saying is we have gone parabolic and the daily RSI is entering overbought territory.  Not only am I not selling, but I also think (as I sort of said) it could go further still before correcting. 

But from a technical standpoint we are getting a little overbought.  I don't know what happens to RSI when you keep going.  Does it correct down, or just get slammed into the top?  I am not a technical wiz, nor am I a trader, but I have noticed that RSI over 70 frequently precedes a correction.

I don’t read it that way.  It could also mean that momentum is high on XMR’s side imho.  I mean look, XMR/BTC just bottomed out and is just starting to trend up.  Do you actually think it’s time to sell and switch to BTC?  Hell no.  If you’re holding BTC, it’s time to buy XMR.

[MRO] Monero logo contest

https://bitcointalk.org/index.php?topic=589522.160


This happened 1-2 months before my time so I dont remember it, but someone dug it on reddit.


And $300 happened. Now. $400 next

i think you should write this good line in an article and title it "the greatest Monero" "lol"

talking about monero, yeah it got me excited....On April 18th, monero will enter the age of 7'.  as a monero supporter, i always expect the best prices for monero.  very sure we will see a new ATH.

Monero has been shorted for a LONG LONG time. Shorts will get liquidated. It is just a matter of hours and not days. We might see new ATH this month and not the next.

You know what?

I can feel it again.  Can you guys feel it?  It's strong at the moment.  It's getting REALLY strong.

I am like an animal that knows an earthquake is coming... I am starting to get that feeling again.  And yeah, I am sober. But I think Monero is about to fulfill what we have been sitting here knowing would eventually happen for 6 years.  And yeah.  I am talking about price.  But price is just the symptom.  People are starting to wake up.

Bitcoin is 12 years old now?  Something like that.  And when it was new, those who saw it, began to understand it.  Just began.  And they started playing with it, and hoarding it, and reading about it and thinking about it, and over time understanding it.  It took a while.  And then some of us saw something interesting.  One of the tradeoffs bitcoin made created a ledger that was completely transparent. Uh oh.  Silk road came, and then went.  Ross went to jail.  And Bitcoin, which had cut it's teeth on the dark net began to be understood further.  It was not safe to use it for that... only a few got it at first.  More darknets came and went as law enforcement figured out how to trace Bitcoin... 

And along came Cryptonote, Bytecoin and Monero.  Yeah we all know the story.  Some of us were HERE for it.  Risto (RIP?), and his castle, and his God complex.  A coin with no GUI wallet forever.  Little by little the code was cleaned up, improved.  Quietly the foundation was built... stronger and stronger.  But it was still hard to use.  And the same folks that could not figure out a CLI wallet didn't really understand the WHY for monero in the first place.  They were more interested in a "World computer", Cryptokitties, or the newest acronym the herd was chanting as the makers of those scam dumped their bags on the masses.  But Monero just kept going.  Step by step adding more and more iron clad privacy.  Some saw it early on as a compliment to Bitcoin.  The private ledger.  A different trade off.  Doing one of the few things Bitcoin just could not do.  Some saw it as what bitcoin was supposed to have been in the first place.

But still.  99.99xxx% of the world did not REALLY understand Bitcoin, much less the nuanced difference that Monero brought.

Yet more darknet markets popped up primarily using Bitcoin.  And they kept getting busted over and over...  some began to use Monero... but it was a minority player.  And would end up in the reports of the takedowns.  Somethng like:


Here in this thread we all danced that day... We knew what that meant.  "an unknown amount of Monero".

It was working.  It was doing exactly what it was made for.  NO.  Not being used to buy and sell drugs.  Being used as private, fungible cash. 

Fast forward to today.  The biggest DNM is now Monero only.  And it's still trucking.  Because Monero works.  It works as money, and it works in the absolutely most dangerous and hostile environment possible.

And now we are *JUST* on the dawn of the beginnings of the Bitcoin revolution. "In hindsight it was inevitable".  Remember when you first understood that?  Well before 2021.  But still it took you a little while.  You had to digest what Bitcoin was.  AND what it was not.  But NOW the WORLD is waking up to Bitcoin.  It is understanding that it offers something completely new at exactly the right time.  And just like a few of us began to see back in 2014.  There are some things it does not do.  There NEEDS to be a private bitcoin.  These people will come to that understanding much more quickly.  Take a bow gents. It's your shoulders they are standing on.    You were the ones that ran Monero up the first bull market.

And you get to watch as the new blood starts to trickle... then pour... then flood into Monero like a torrent.  Because people are going to realize it offers something they need.  Not only should they buy a little because it might get more valuable... but they NEED it.  Not to buy weed, but to protect their financial privacy.

Monero has been undervalued for a LONG LONG time.  It cannot remain so.

They are coming.  And the team behind this project has made the protocol and the software as ready as they possibly could have.

I can feel it, my friends.  It's really strong.  And this is still the calm before the storm.

Can you feel it?

I think you are right.

This year high happened on Binance at $290. It is just a matter of hours and not days fro price to go over $300. New ATH can already happen in May.  Next week because of Monero 7th birthday some publicity will for sure happen.