Topic: [XMR] Monero Speculation - page 757. (Read 3314330 times)

WHO R V TALKING ABOUT?

I am not sure yet - but I certainly hope so..

Monero dev meeting and summary : https://monerobase.com/wiki/DevMeeting_2017-05-07
Not sure why I cant find kovri dev meeting logs. Wonder how far from alpha we are.

is this gentleman?

LOL yes sir you certainly may    

And I'll take this opportunity to also re-post an image I first put up, here in the XMR Spec thread (which includes implied tip of the hat to Aminorex's avatar...) way, way back in the olden days, circa September 2016


         

Am I allowed to say:

BOOM!

Unfortunately I have a life that seems to get in the way - but after reading 'why Monero can't pump' just a few minutes ago, to see some serious green candles taking us to ATH (stamp BTC price) levels is hugely uplifting.

I have been in XMR all the way and when it got below 0.001 in the doldrums era, I just thought 'to hell with this, I am backing this coin come hell or high water' and bought the hell out of it to average down my cost price with a fair slice of my BTC.

Now XMR dwarfs my BTC holdings by a large margin, so I am and will remain one of its biggest fans.

This bubble market will pass and when the dust settles Monero will certainly be in there.  For sure.  And so will I.

Where ya been bro?  HoneyPony been bouncing around this range now for awhile already... at least since, what is it?  Yesterday?

So, what?  Yer not sittin' here glued to your Poloniex browser tab, like the rest of us?  LOL

Srsly with trash like Dash re-taking $100 again (wtf?) nobody should be surprised when XMR gets to $50+ sooner than we all expected, maybe.

OR "srsly" again OTOH it's really good IMHO that XMR is being left out of the crazy bullshit P&D games, so we can achieve $100 "soon enough" on real organic sustainable basis.  Maybe by year end?  No problem I'll be here & can wait as long as it takes...

$30 ladies and gentlemen!

An unexpected but welcome treat....

Makes sense, so basically a good honest coin can't compete against easily pumped, pre-mined coins...  In the short term.

Yes, the alts market is a frothy, easy to manipulate place... But with the whole thing in a bubble, it cannot last forever. 

In the end, only real coins with real use cases will win out.

Great read. Thanks

Interesting rationalization of the current market and why Monero is not doing as well as others:

https://www.reddit.com/r/xmrtrader/comments/69q0cj/bytecoin_is_up_155_and_the_real_explanation_for/

If SOMEONE out there is blatantly TRYING to "paint the tape" to make the most obvious "Cup-And-Handle" that they can possibly make...



...they're doin' a damn good job of it here, LOL

   

{Edit} They've even got some kind of "bubbly liquid" down there inside the bottom of the cup... 

Yeah, and no TL;DR: 

Something big coming...

Just sit tight. It's coming. I will eat this post in 1 year if not.

I think XMR should be worth AT LEAST $50. Should honestly be worth over $100

Lots of excellent posters in this thread, but aminorex, I think you take the cake. You kinda disappeared when I starting getting into this cryptostuff so I hadn't read many of your posts. You seem like a really good person.

I really enjoy checking this thread out to read all the insightful, funny, and interesting posts, on the daily.

Just wanted to say that. Go Monero!

P.S. Looked up "potemkin", lol.

edit:spelling

I have some evidence that my financial opinions have been overwhelmingly, but not uniformly, beneficial to those who considered them.  My concern and apology was focused more on the issues of character which I am still working through: Excessive interest in financial gain, a self-aggrandizing posture rooted in deep-seated shame - probably due to abandonment in childhood - and a willingness to bully the opposition.  I will post ever more cautiously, as a result.  I don't want to be the guy I see in my posting history, who is an arrogant egotistical greedy fool, no matter how superficially clever he might be on occasion.


Precisely this, but I would not say 'temporarily'.  We saw the inflation of btcusd when mt.gox was allowing btc but not fiat withdrawals, although that case ended very differently because of the Potemkin trading and ultimately the insolvency of mt.gox - neither of which appear to apply to bfx. Here only the first of those events was played out, and it ended well, in arbitrage.  At first, I think bfx was holding xmr down, as xmr holders on bfx moved their funds to plx, and liquidated some fraction.  Later, the rising btcusd clearing was positive for xmrusd, negative for xmrbtc.  More recently, as btc upward pressure was reduced by the arbitrage coming into play, xmr enjoyed a bit of the slingshot effect associated with a btc trend rolling over.  The compelling question then becomes: what is the natural fourth act in such a drama?  Ordinarily I would say a profit-taking sell off should occur, but xmr seems far too closely held for that right now, going by the exchange numbers.


I don't credit the arbitrageurs with that much intelligence and foresight.  Usually arbitrageurs are on the risk-averse end, and tend not to hold speculatively - albeit in this case we are talking about crypto-involved arbitrageurs, who are thus more likely to be aware of the merits of Monero, so it is not entirely out of the question - yet I would assume they are more inclined to stock btc if anything crypto.

Edit: corrected "potempkin" to "Potemkin"