Topic: [XMR] Monero Speculation - page 74. (Read 3314316 times)

Emission is already below Bitcoin’s and the deficit is only going to increase over the short term. With atomic swaps coming soon^tm and a steep learning curve for properly using coinjoin, I think you may be underestimating the demand for a truly private/fungible currency. Especially whales who have been forced to keep funds frozen in their wallet to avoid detection.

I agree, though I think there are too many weak hands to ever see Monero > 1KUSD.

Though I think we will probably see XMR/BTC at 0.008 with BTC at 50K some day, so say 400usd for XMR.

FWIW I've held from 7usd to 480usd and back.

Both Monero and Bitcoin are destined to go up this and most likely whole next year. Swings down as Monero had last two days will for sure happen but general trend will be up. I dont see any other way. Number of transactions will be by far highest in October, no matter the protocol upgrade bad two days. Emission inflation is at 1.58%. That is just like Gold. Everything under $200 for all year high does not sound nice.   

That's right Monero!  Don't let all that attention your big brother is getting slow you down too much!



@kurious I was thinking last week that XMR could be setting up for an EPIC cup and handle...  -EDIT- in fact if it hangs out around 10 for a while which seems very possible cosidering everything it's gonna draw a pretty nice one.  We should be on the lookout to the push back up to 11.  That would be the cue!

History repeats itself, predicitions are based on emphirical history and Monero will allign to that 

I used to say 'honeypony don't give a fuck' but in all honesty Monero has a sort of history of blowing up at an opportune time.

It did have some seasonal bursts or ebbs and flows for a while, but from mid-2016 it really ripped up - at one point it had clocked up an annual growth of 2,600%.

It reached its peak in dollar terms IIRC after Bitcoin had peaked, in spring 2018.

So it pre-dated Bitcoin's massive run then... and it does look like a similar pattern now.  We have no idea if it would have done it in 2013, as it didn't exist back then, but the last big run was huge and looking at its aftermath up to now, I have been wondering too.

Looking at the 2018 decline, post the 2016/2017 explosion, it just looks like a huge curved bowl, or perhaps (dare I say) a cup.  It is obvious Monero has been on the rise, but possibly this is just a continuation of the cup shape and we are - so far- only in the early stages of completion.

Hopium, or plausible?  It's early to say, but the signs as you point out are there.

There is no four-yearly halving in Monero's code, but it may just be it does react to Bitcoin's cycle in a rather wonderful way.  Gaining against Bitcoin when Bitcoin is gaining against fiat is a seriously wonderful thing.

It can be argued that Monero looks like it wants to do it again - and (again) wants to get started early...

They say history doesn't repeat itself, but....

You know what I have been pinging around in my noggin, though it's baseless and does not really make sense.

Why did XMR prophesy bitcoin's breakout. I mean it could be a coincidence.  Probably is really...  But I am just trying to think... why could it be, and why now.

I mean even in a more general sense... why did XMR have such a nice parabolic run.

Hmm.

 

Shakin' the tree.

So often the damn contrarian.

   Either I am a genius, or it is too pat.  Every single pause and turning point has hit the lines on my chart these last few months.  I haven't changed anything, and I never used to be quite genius level, so I'm guessing its even more orchestrated than usual.  The low volume is a factor that makes it easier, I suppose.  If there was more generic activity it would be harder to dictate the action.  Whatever, I just keep sailing the seas... 

You can pry my Romeros out of my cold dead hands.

Interesting landmark.  I don't expect it to hold, but then again this is really deflating on low volume...

Agreed, i also think that the sstem is working properly and on top of a minor bug there is made hysteria to some extend that i do not get 

The sync bug did not affect nodes that are online continuously, which is standard procedure for basically every service and exchange. Furthermore, the Monero network continued to operate normally. To reiterate, the following nodes got affected:

- A new node that syncs from scratch.
- Existing node that is currently offline and would like to sync soon. 

Furthermore, the bug was fixed swiftly and a new release (that included the fix) was made available within a day.

Additionally, people tend to forget that exchanges and services typically impose a temporary suspension of withdrawals and/or services around a network upgrade as precautionary measure.

I personally feel that people misunderstand the gravity of the recent sync bug and resultantly are making a mountain out of a molehill.

I agree in most points, especially in the growth of the ecosystem, but i do not agree with you in terms of pricing. History showed us some different figures and i believe, that those figures (as in BTC) will follow the historical base

If using of Monero will increase with the pace as it did so far, specially in October until the network upgrade, then I simply dont see so ow numbers to happen.   
In last few days we saw how bad can bugs be in protocol upgrades. Monero ecosystem grow a lot. Even that bug was patched in half day that did not magically update all Monero ecosystem immediately. Some exchanges still dont work. Or at least did not yesterday. Monero had luck to be small and was able to have these updates twice a year. Now is getting bigger and bigger and that will continue maybe even faster now.

Well to be honest i expected that for next next week, so i think there will be healing for a weeks time, but as i said. If BTC is gaining dominance above €11k we could revisit low 0,008's -maybe even sub 0,008's in November so i just adjusted my buy orders 

I don't like it, but my magic chart has low 0.0080's to low -90s until early December.  If it goes below that, it just says 'you have no maps of this area'.  Stupid magic chart anyway.

Well, we just lost that unnecessary extra zero again.  I would be very happy if we can hang on over that level for now...  But I will grant you it could go either way.

Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies.  Let's see if it can weather this storm.

Didn't expect to hit your target this week?