[XMR] Monero Speculation - page 508.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: aminorex on October 29, 2017, 05:20:51 PM

Personally, I think s2x will be the longest chain, because BTC hash rate will be inadequate to keep up. According to Satoshi, that makes s2x the true chain. Once the chains diverge enough, and before the deluge, it will be time to dump BTC classic. And yes, I will roll gains into XMR, of course.

Nope, the longest valid chain is Bitcoin. Barry and Jihan (or anyone else) may make an invalid chain as long as you like it to be (EDA and ASICboost help too), but it will be ignored by economic Bitcoin nodes because it violates their governing consensus rules. No amount of drama can force Core nodes to accept invalid blocks, as we already know from enjoying the lulz provided by Bitcoin Scrypt, XT, Classic, Unlimited, Bcash, and most recently, Bgold.

BTC hash rate responds to economics. Within the incentive structure designed by Satoshi, as tx fees pile up and compete "inadequate" hash rate is a self-correcting problem.

Ironically, panic sellers help ameliorate the (exaggerated) problem of sluggish confirmations by paying higher fees to move coins for dumping ASAP. Cheesy

Can't wait to see B2X #rekt by the same transaction fee markets the Gavinistas have spent years FUDing, ridiculing, distrusting, and trying to forcefully replace with a more centralized network... Grin

Why wait until the rest of us may also be rolling gains into XMR? Adam Back is offering 3 B2X for 1 BTC right now. What a deal! Better act fast!
https://twitter.com/adam3us/status/924637643035545601
https://www.reddit.com/r/Bitcoin/comments/79h032/seeking_buyers_of_b2x_coins_price_3_for_1_in/

Don't worry about possibly being too much of a whale; Adam says there are available many batches of 750B2X for 250BTC. Wink

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: uslfd on October 29, 2017, 05:46:50 PM

Hello guys I'm new to Monero, just wondering what is causing the recent drop in Monero?
I know recently all altcoins were crushed by BTC's rise, but is there any specific reason Monero collapsed against BTC?

Thanks.

BTC rises and alts fall (some more than others

), but Monero seems to hold well vs usd for long stretches of time.

Quote from: inthelongrun on October 29, 2017, 07:01:30 PM

This is one of the busiest threads here in the Alternate Cryptocurrencies. The community of followers of Monero (XMR) is very huge. I guess the feature that makes Monero the topmost coin when it comes to anonymity has bear fruits. It has effectively pulled crypto fanatics together close to this project. Bitcoin, although proclaiming to be anonymous, has been proven to be less. Monero is now the leading figure of anonymity.

Very true, welcome.

inthelongrun

hero member

Activity: 1862

Merit: 601

The Martian Child

This is one of the busiest threads here in the Alternate Cryptocurrencies. The community of followers of Monero (XMR) is very huge. I guess the feature that makes Monero the topmost coin when it comes to anonymity has bear fruits. It has effectively pulled crypto fanatics together close to this project. Bitcoin, although proclaiming to be anonymous, has been proven to be less. Monero is now the leading figure of anonymity.

Surging Chaos

newbie

Activity: 46

Merit: 0

Quote from: uslfd on October 29, 2017, 05:46:50 PM

Hello guys I'm new to Monero, just wondering what is causing the recent drop in Monero?
I know recently all altcoins were crushed by BTC's rise, but is there any specific reason Monero collapsed against BTC?

Thanks.

No real specific reason. All alts are being sold to chase BTC forks.

I mean, look at ETH. It's now under 0.05 because of this.

uslfd

full member

Activity: 294

Merit: 100

Hello guys I'm new to Monero, just wondering what is causing the recent drop in Monero?
I know recently all altcoins were crushed by BTC's rise, but is there any specific reason Monero collapsed against BTC?

Thanks.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: aminorex on October 29, 2017, 05:20:51 PM

Personally, I think s2x will be the longest chain, because BTC hash rate will be inadequate to keep up. According to Satoshi, that makes s2x the true chain. Once the chains diverge enough, and before the deluge, it will be time to dump BTC classic. And yes, I will roll gains into XMR, of course.

Its getting totally confusing.

Its hard to keep your eye on the pea under the cup

dballz789

newbie

Activity: 39

Merit: 0

xmr is like a long term hold, im thinking 10years. The general masses have no use for it.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Personally, I think s2x will be the longest chain, because BTC hash rate will be inadequate to keep up. According to Satoshi, that makes s2x the true chain. Once the chains diverge enough, and before the deluge, it will be time to dump BTC classic. And yes, I will roll gains into XMR, of course.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: iCEBREAKER on October 29, 2017, 04:43:21 PM

Quote from: kurious on October 29, 2017, 04:01:27 PM

Rather good support - I expected a hammering, but some people seem to know a bargain when they see one...

Being able to buy XMR for under $100 is like having a time machine back to 2013. Grin

Looking forward to dumping my Bcash and B2X next month. I'm counting on Jeff, Roger, Jihan, and Barry pumping both to over >1 BTC for the sake of subsidizing their silly attack forks.

But I expect everyone else (except SHAtoshi) will be doing the same, so XMR may not be any cheaper relative to BTC when people go hedge shopping with their airdrop coins.

As long as the air drop isn't risky becaue of lack of replay protection, expect an initial BTC rise, then diversification of profits into crypto - so XMR today is looking very cheap.

Come next spring I suspect people will be cursing every XMR they ever sold.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: kurious on October 29, 2017, 04:01:27 PM

Rather good support - I expected a hammering, but some people seem to know a bargain when they see one...

Being able to buy XMR for under $100 is like having a time machine back to 2013. Grin

Looking forward to dumping my Bcash and B2X next month. I'm counting on Jeff, Roger, Jihan, and Barry pumping both to over >1 BTC for the sake of subsidizing their silly attack forks.

But I expect everyone else (except SHAtoshi) will be doing the same, so XMR may not be any cheaper relative to BTC when people go hedge shopping with their airdrop coins.

kurious

legendary

Activity: 2604

Merit: 1748

Rather good support - I expected a hammering, but some people seem to know a bargain when they see one...

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: walonek on October 29, 2017, 02:26:48 PM

How all moroneros like to lose the train at BTC ? 6k again and noMore all the way at 86-89 usd. Not to mention 2 month falling oversold BTC price and no end of this waterfall at the horizon.

I am so happy for cheap Monero! You will feel stupid for not buying under $100 while you had the chance, just like you already feel stupid for missing the opportunity to buy under $1, under $10, and under $50.

Monero is like Bitcoin; they shoot up fast and hard, pull back severely, and then spend months building a new support base before suddenly mooning again with high volume and more volatility.

walonek

full member

Activity: 149

Merit: 100

How all moroneros like to lose the train at BTC ? 6k again and noMore all the way at 86-89 usd. Not to mention 2 month falling oversold BTC price and no end of this waterfall at the horizon.

Billy Bunter

sr. member

Activity: 327

Merit: 252

I suspect the MyMonero light wallets will be released very soon - the next week or so. Unfortunately their advent may be lost in all the hoo-hah over the fork.

Such is Monero's luck.

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: LennyCarl on October 29, 2017, 01:21:24 PM

Quote from: aminorex on October 29, 2017, 11:43:00 AM

The silence is deafening. It is a good time to trade volatility, hey? It never runs away from you. Boring for speculators, though.

I thought we were leaving smooth's post to linger last but not least for maximum effect. Cheesy

I thought we were waiting for multi-sig, ledger or another walonek post--not sure where to rank those in importance.

LennyCarl

full member

Activity: 176

Merit: 108

Quote from: aminorex on October 29, 2017, 11:43:00 AM

The silence is deafening. It is a good time to trade volatility, hey? It never runs away from you. Boring for speculators, though.

I thought we were leaving smooth's post to linger last but not least for maximum effect. Cheesy

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: starmman on October 29, 2017, 12:42:13 PM

Quote from: aminorex on October 29, 2017, 11:43:00 AM

The silence is deafening. It is a good time to trade volatility, hey? It never runs away from you. Boring for speculators, though.

I think its the calm before the storm, good time to prepare - will be interesting to see what happens on Nov 1 or Nov 15. Some of the smaller coins have already started going crazy, not time for XMR yet =)

It's looking like early on Nov 16th, now, for Segwit2x. My hunch is the Bitcoin user base is largely fine with the status quo - the Big Blockers / anti SW types already have their BCH, so I can't see S2x being popular with users (meaning one would expect a post-fork dump and a quickly widening price differential in favour BTC).

However, the Replay Protection issue will mean dumping is hesitant and there do seem to be significant forces still behind S2X and even BCH can possibly benefit too, if BTC loses a lot of hash rate to either BCH or S2x. Signalling is still over 80%, I was hoping to see it drop lower in the run up to the fork, which is a also a concern.

It's definitely more 'potential' trouble than BCH was (and the farcical Bitcoin Gold) and how it will play out is still not certain.

What it means for XMR is hard to tell. Total victory for BTC will see BTC rise and, (short-term) no help to the XMR price, but ultimately an improving situation and a good Q1 2018 for all. However, uncertainty in Bitcoin could be bad for the whole market.

So short-term, I hope BTC wins, but long-term we will still not have solved the scaling debate properly and there will be a lot of unsatisfied actors around.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: aminorex on October 29, 2017, 11:43:00 AM

The silence is deafening. It is a good time to trade volatility, hey? It never runs away from you. Boring for speculators, though.

I was thinking the same; not even tumbleweed 'round these parts.

Traded a little, but mostly it's just been undulating with the rises and falls of BTC, steadily pegged not far from the $88 mark in USD the past few days. At least it looks like a steady and robust base for the next rise. The big game in town is of course BTC, though.

I hope we can grab little limelight sometime soon - just to remind people Monero is a top crypto asset which it's unwise not to keep an eye on.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: aminorex on October 29, 2017, 11:43:00 AM

The silence is deafening. It is a good time to trade volatility, hey? It never runs away from you. Boring for speculators, though.

I think its the calm before the storm, good time to prepare - will be interesting to see what happens on Nov 1 or Nov 15. Some of the smaller coins have already started going crazy, not time for XMR yet =)

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

The silence is deafening. It is a good time to trade volatility, hey? It never runs away from you. Boring for speculators, though.

Topic: [XMR] Monero Speculation - page 508. (Read 3314350 times)