[XMR] Monero Speculation - page 733.

CryptoPH

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Quote from: C4th on May 23, 2017, 02:42:34 AM

Monero's main competition at this point is probably Dash, ZCash and now Bytecoin.

All three of those have doubled or tripled quadruped or gone up 1000% in a week. Monero has actually doubled in USD terms in the last month or so, which is usually astounding and impressive, but just seems like major underperforming in the current market environment.

It has been very frustrating to hold XMR, but up 100% in a few weeks is better than losing money. So have mixed feelings about it and I just don't know why there isn't better marketing for XMR and why the website is primitive and unattractive.

Anyway maybe it will catch fire eventually, although I'm not holding my breath.

FYI, XMR is already +4000% USD since it started its bullish run last year.

CryptoPH

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Quote from: cryptimus prime on May 22, 2017, 11:15:46 PM

XMR has a healthy and steady growth, but even this is becoming parabolic on the 1D XMRUSD chart. I would not be surprised to see XMR above 100 USD.

It's because BTC/USD is already in parabolic territory.
When parabolic burst, it tends to be quite sharp. Cool

C4th

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Monero's main competition at this point is probably Dash, ZCash and now Bytecoin.

All three of those have doubled or tripled quadruped or gone up 1000% in a week. Monero has actually doubled in USD terms in the last month or so, which is usually astounding and impressive, but just seems like major underperforming in the current market environment.

It has been very frustrating to hold XMR, but up 100% in a few weeks is better than losing money. So have mixed feelings about it and I just don't know why there isn't better marketing for XMR and why the website is primitive and unattractive.

Anyway maybe it will catch fire eventually, although I'm not holding my breath.

cAPSLOCK

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Note the unconventional cAPITALIZATION!

Quote from: Digidoge on May 23, 2017, 12:28:15 AM

Quote from: TrueCryptonaire on May 22, 2017, 02:21:26 PM

Quote from: TrueCryptonaire on May 22, 2017, 02:15:36 PM

I do not usually agree with you but I think you got this pretty well.
Right now I think Monero is severaly overpriced and hyped coin with a lot of downside risk but limited upside potential.

Alts are in a bubble - including XMR. Bear in mind, I sold already a nice part of my stash over 0.02 btc but I am not even considering buying anything at current prices despite it would be profitable.

Monero is lacking the most important thing which is marketing and hype. Therefore it cannot find new people adapting it and eventually the price will start declining as the old guys are starting to feel how hard it is to carry a heavy bag.

I guess you contradict yourself, Truecryptonaire, here. At first, you think "Monero is severaly overpriced and hyped coin" and then you say that "Monero is lacking the most important thing which is marketing and hype".

Give not that which is holy unto the dogs, neither cast ye your pearls before swine, lest they trample them under their feet, and turn again and rend you.

Digidoge

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Quote from: TrueCryptonaire on May 22, 2017, 02:21:26 PM

Quote from: TrueCryptonaire on May 22, 2017, 02:15:36 PM

I do not usually agree with you but I think you got this pretty well.
Right now I think Monero is severaly overpriced and hyped coin with a lot of downside risk but limited upside potential.

Alts are in a bubble - including XMR. Bear in mind, I sold already a nice part of my stash over 0.02 btc but I am not even considering buying anything at current prices despite it would be profitable.

Monero is lacking the most important thing which is marketing and hype. Therefore it cannot find new people adapting it and eventually the price will start declining as the old guys are starting to feel how hard it is to carry a heavy bag.

I guess you contradict yourself, Truecryptonaire, here. At first, you think "Monero is severaly overpriced and hyped coin" and then you say that "Monero is lacking the most important thing which is marketing and hype".

smooth

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Quote from: noobtrader on May 22, 2017, 10:29:55 PM

EDIT : https://twitter.com/real_or_random/status/865151053116960768
No... Dash did not fund this news Cheesy

LOLLL

Has Dash ever funded any legitimate cryptocurrency research?

It was Monero that discovered that issue and disclosed it to the other Cryptonote coins. It was never exploited on Monero.

cryptimus prime

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XMR has a healthy and steady growth, but even this is becoming parabolic on the 1D XMRUSD chart. I would not be surprised to see XMR above 100 USD.

noobtrader

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Quote from: iCEBREAKER on May 22, 2017, 08:46:28 PM

Quote from: aminorex on May 22, 2017, 06:12:18 PM

Quote from: iCEBREAKER on May 22, 2017, 05:32:30 PM

1. There are a few Dash whales who use their Instamine riches to short XMR rallies because they blame us for making the public aware of their scam's history+risks.

I am loathe to agree on this point. Surely they would recognize that in the long run, dampening volatility would only make xmr a more attractive long-term hold... I admit that it often appears as though this, or something like it, is true. But if so, I can happily take comfort in the longer term blowback effects. The market has a way of taking revenge. And it doesn't really matter to me whether we get to 100 next week or next year.

The DASH FOUNDATION INC guys are poker sharks and Dash is the token for their whale games.

By pumping the price of Dash they create the amplified leverage required to scare off any XMR longs.

It seems crazy to us nerds, but the DashHoles are *NOT* here for the tech, only the scam and its short term fiat profits.

This is their smooth/aminorex equivalent thought leader, in action with peak technical incompetence! Grin

Quote from: toknormal on May 22, 2017, 07:40:53 PM

Quote from: iCEBREAKER on May 22, 2017, 05:25:32 PM

...The LN is a decentralized system for instant, high-volume micropayments that removes the risk of delegating custody of funds to trusted third parties.

Hey, it's just like transacting on an exchange !

• 3rd parties hold your coins
• off-chain, therefore instant
• a promise that you'll get your coins back if anything goes 'wonky'
• only works if the other guy's on it as well
• inconsistent interface with native client
• inconsistent performance with native client
• basically 2 ways of doing everything just to screw clueless 'noobs' who've no idea which is the 'real' one

Should be good !

Literally everything he wrote is wrong, except for the sarcastic "should be good" bit. Cheesy

Hey Icetroll, i remember the last time you promised to expose the Dash vulnerability when a complementary block explorer that reveals the hidden linkages between Monero transactions. http://www.monerolink.com/ from zcash dev was exposed instead.

btw im still waiting... Tongue

EDIT : https://twitter.com/real_or_random/status/865151053116960768
No... Dash did not fund this news Cheesy

LOLLL

Godye Scaro X9

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Monero isn't doing too bad. It has outperformed Bitcoin by a factor of 2. The price doubled between 01/17 and 03/17 from about $10 to $20 and doubled again from 03/17 to 05/17 to nearly $40.

Maybe it's not a good idea to compare Monero's market cap to DASH or Bytecoin (which are its biggest rivals). A lot of DASH is locked up in masternodes and a lot of early mined BCN is probably not being traded on exchanges. The actual available coin supplies for DASH and BCN are probably much smaller than the circulating supply figure shown on CoinMarketCap.

iCEBREAKER

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Quote from: aminorex on May 22, 2017, 06:12:18 PM

Quote from: iCEBREAKER on May 22, 2017, 05:32:30 PM

1. There are a few Dash whales who use their Instamine riches to short XMR rallies because they blame us for making the public aware of their scam's history+risks.

I am loathe to agree on this point. Surely they would recognize that in the long run, dampening volatility would only make xmr a more attractive long-term hold... I admit that it often appears as though this, or something like it, is true. But if so, I can happily take comfort in the longer term blowback effects. The market has a way of taking revenge. And it doesn't really matter to me whether we get to 100 next week or next year.

The DASH FOUNDATION INC guys are poker sharks and Dash is the token for their whale games.

By pumping the price of Dash they create the amplified leverage required to scare off any XMR longs.

It seems crazy to us nerds, but the DashHoles are *NOT* here for the tech, only the scam and its short term fiat profits.

This is their smooth/aminorex equivalent thought leader, in action with peak technical incompetence! Grin

Quote from: toknormal on May 22, 2017, 07:40:53 PM

Quote from: iCEBREAKER on May 22, 2017, 05:25:32 PM

...The LN is a decentralized system for instant, high-volume micropayments that removes the risk of delegating custody of funds to trusted third parties.

Hey, it's just like transacting on an exchange !

• 3rd parties hold your coins
• off-chain, therefore instant
• a promise that you'll get your coins back if anything goes 'wonky'
• only works if the other guy's on it as well
• inconsistent interface with native client
• inconsistent performance with native client
• basically 2 ways of doing everything just to screw clueless 'noobs' who've no idea which is the 'real' one

Should be good !

Literally everything he wrote is wrong, except for the sarcastic "should be good" bit. Cheesy

KeyJockey

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Quote from: iCEBREAKER on May 22, 2017, 05:32:30 PM

3. Untracable XMR is the coin of choice for botnet/malware mining, creating a steady steam of coins sold soon after being mined.

On this note, I've lately been speculating (ha!) that another possible reason why XMR has been largely left OUT of the recent alt-coin pump & dump frenzy, and another possible reason why XMR has been establishing itself in a position of "safe-haven" of the ALTS, is precisely *because* some day (soon?) this Epic Alt P&D Era that we are living thru, WILL BE COMING TO AN END.

And, what will happen when all the alt-pumps start to crash back to their true value (zero)?

What will happen when all that profit in all the OTHER shitcoins, needs somewhere to go?

Will all the alt-pumpers want to cash out to fiat-dollars CASH? Or even JUST to the transparent-blockchain BITCOIN?

Will all the alt-pumpers want to honestly declare their ( "ill gotten" ) profits by moving said profits to $ or to ฿...?

IMHO, not bloody likely... LOL ('cuz, guess what? Cash going to banks thru exchanges, and bitcoin -both- will be tracked and taxed and maybe seized!)

Seems to me that, at the end of all this fun, a lion's share of ALL these Alt-Pump PROFITS will probably be finding their way... to the only truly fungible secure and anonymous store of value currency yet invented on this planet... MONERO!!! Shocked

Billy Bunter

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Quote from: iCEBREAKER on May 22, 2017, 05:32:30 PM

Quote from: Billy Bunter on May 22, 2017, 02:19:28 PM

why has Monero missed out on these big pumps? I get that the pumps are irrational. I understand that there's a lot to be said for a currency that's stable and so on. I realize that sharp increases in prices are not healthy for the long term ecosystem.

All that said, the majority of traders on Polo et al, wouldn't know fungibility from a hole in the ground, much less care. So, given that they're willing to buy anything with a pulse, why not Monero? Why hasn't this madness pumped our currency? It seems more than odd. It seems...deliberate.

I'm beginning to think that there are entities who, either out of fear, spite, or revenge, are deliberately keeping our price down. And honestly, I'm usually not the sort of person given to conspiracy theories.

I won't name names, but dash it all, isn't this the most likely reason?

First of all, Monero didn't miss out on these big pumps. Monero started the current mega-bull market; it is not lagging in annual performance.

1. There are a few Dash whales who use their Instamine riches to short XMR rallies because they blame us for making the public aware of their scam's history+risks.

2. XMR has the best (ie widest) distribution of any coin thanks to its fair launch, egalitarian PoW, high early emission, and long term of low prices. This means there are more weak hands ready to take profit on every price advance.

3. Untracable XMR is the coin of choice for botnet/malware mining, creating a steady steam of coins sold soon after being mined.

I'm with you on points 1 and 3. As for the weak hands scenario, I'm going to disagree. We're in the middle of the biggest crypto craze we've ever seen. Seemingly, the only thing one has to do is to hold as prices rise. Why sell Monero when the price rises a couple of dollars when all around you prices of other alts are rising exponentially?

Then again, what do I know? As Groucho once said, "A child of five would understand this. Send someone to fetch a child of five." I suggest we get the children in here.

aminorex

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Quote from: iCEBREAKER on May 22, 2017, 05:32:30 PM

1. There are a few Dash whales who use their Instamine riches to short XMR rallies because they blame us for making the public aware of their scam's history+risks.

I am loathe to agree on this point. Surely they would recognize that in the long run, dampening volatility would only make xmr a more attractive long-term hold... I admit that it often appears as though this, or something like it, is true. But if so, I can happily take comfort in the longer term blowback effects. The market has a way of taking revenge. And it doesn't really matter to me whether we get to 100 next week or next year.

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: Billy Bunter on May 22, 2017, 02:19:28 PM

why has Monero missed out on these big pumps? I get that the pumps are irrational. I understand that there's a lot to be said for a currency that's stable and so on. I realize that sharp increases in prices are not healthy for the long term ecosystem.

All that said, the majority of traders on Polo et al, wouldn't know fungibility from a hole in the ground, much less care. So, given that they're willing to buy anything with a pulse, why not Monero? Why hasn't this madness pumped our currency? It seems more than odd. It seems...deliberate.

I'm beginning to think that there are entities who, either out of fear, spite, or revenge, are deliberately keeping our price down. And honestly, I'm usually not the sort of person given to conspiracy theories.

I won't name names, but dash it all, isn't this the most likely reason?

First of all, Monero didn't miss out on these big pumps. Monero started the current mega-bull market; it is not lagging in annual performance.

1. There are a few Dash whales who use their Instamine riches to short XMR rallies because they blame us for making the public aware of their scam's history+risks.

2. XMR has the best (ie widest) distribution of any coin thanks to its fair launch, egalitarian PoW, high early emission, and long term of low prices. This means there are more weak hands ready to take profit on every price advance.

3. Untracable XMR is the coin of choice for botnet/malware mining, creating a steady steam of coins sold soon after being mined.

Bassica

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Quote from: TrueCryptonaire on May 22, 2017, 03:23:59 PM

Quote from: sui_generis on May 22, 2017, 02:42:08 PM

Quote from: TrueCryptonaire on May 22, 2017, 02:37:31 PM

Geez you guys live in denial.... Huh

If a person is not circle jerking, he must be speaking to his own book...

I know that you're talking your book, because I've seen you go through 10 such cycles. You're not fooling anyone.

Yes basically I am here to rake coins from you guys.
And I do not need to buy Moneros if the price is too high, and I advise also others to pospone their purchasing to later times. It is not only me that gets the opportunity to buy coins below 0.01 but also other guys. Isn't it better to buy low rather than high?

Good old TrueCryptonaire

. Good to see you're still around, and haven't changed. Good luck accumulating. I think you've become a sizeable trader over the years. Let me know when you're on 10k+ xmr again and ready to shill this project onto 1.2bln +

thew3apon

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Big Moreno he didn't rise just lately . Moreno he will soon output.

CTTE

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I won't quote the Troll... but, I think someone is holding a short position right now!

Also, it's hard to beat up XMR over it's tech because it's top notch so, one way to do it is to pump every crap/near dead coin possible, make a bunch of money and then say that "Monero sucks, just look at the market cap!"

I mean, BCN was dead until we told them to fix their code, someone even was successful hacking it, and yet somebody still pumped that to high heaven and I'm sure they made a good buck on this crap!

ozkraut

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Merit: 266

Quote from: TrueCryptonaire on May 22, 2017, 03:23:59 PM

Quote from: sui_generis on May 22, 2017, 02:42:08 PM

Quote from: TrueCryptonaire on May 22, 2017, 02:37:31 PM

Geez you guys live in denial.... Huh

If a person is not circle jerking, he must be speaking to his own book...

I know that you're talking your book, because I've seen you go through 10 such cycles. You're not fooling anyone.

Yes basically I am here to rake coins from you guys.
And I do not need to buy Moneros if the price is too high, and I advise also others to pospone their purchasing to later times. It is not only me that gets the opportunity to buy coins below 0.01 but also other guys. Isn't it better to buy low rather than high?

'I accept Pepe Cash' lol. Deep stuff

TrueCryptonaire

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Quote from: sui_generis on May 22, 2017, 02:42:08 PM

Quote from: TrueCryptonaire on May 22, 2017, 02:37:31 PM

Geez you guys live in denial.... Huh

If a person is not circle jerking, he must be speaking to his own book...

I know that you're talking your book, because I've seen you go through 10 such cycles. You're not fooling anyone.

Yes basically I am here to rake coins from you guys.
And I do not need to buy Moneros if the price is too high, and I advise also others to pospone their purchasing to later times. It is not only me that gets the opportunity to buy coins below 0.01 but also other guys. Isn't it better to buy low rather than high?

Billy Bunter

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Merit: 252

Quote from: Febo on May 22, 2017, 02:30:02 PM

Quote from: Billy Bunter on May 22, 2017, 02:19:28 PM

So I know this subject has been done to death, most of you are probably tired of discussing it, but even so...why has Monero missed out on these big pumps?

Monero is not the only coin that did not raise x10 times in last 3 months. Basically only some did. The ones that are most speculatiove.

Doesn't that still beg the question, though? And again, is there anyone on Polo who cares? They all simply follow the green candles - I doubt they know anything about the (supposed/imaginary) individual merits of these coins. Monero could be as shitty as any other coin and why wouldn't care, as long as it went up.

Topic: [XMR] Monero Speculation - page 733. (Read 3314330 times)