Topic: [XMR] Monero Speculation - page 773. (Read 3314330 times)

Well, Monero is certainly surviving. But I wonder how much better it would be today if it had had marketing then? I might even have heard of it! Anyone with a time machine: Please make it so that it happened!

BTW, your Avatar rules!

The same thing was being said in 2014-2015... but it did not prevent monero from going further and further in value. On the contrary !  

The power of marketing... Sure, I get that Monero is likely technically superior to Dash. But I still bought some (Dash), because any deficiency Dash suffers in relation to Monero is more than made up by the superior PR campaign of the Dash Team. This has led to increased adoption of Dash, which has increased the market cap, which, in its own way, is also good PR of sorts, a positive feedback loop.

Monero, OTOH, is ignored/slandered, FUDed, and no-one outside the Monero World stands up for it. All the vaunted "advantages" that Monero has over other privacy oriented coins are useless if it never gets any meaningful adoption, before the other privacy coins get theirs, thus removing Monero from future contention, in the marketplace.

If Joe Potential-Offshore-Investor is thinking about hiding some money away, and happens to click on a link with a story about anonymous cryptocurrencies, what will he see? Zcash. Dash. Bitcoin + Mimblewimble. And then, almost as an afterthought, Monero. He's a busy guy, and his time is valuable. What is he going to do?

Marketing, Baby. As in, "The Awesome Power Of."

BTW, I also bought some Monero. Because it may succeed without marketing, and I might be completely offbase. But: if Dash had had no marketing, I would never have bought any Dash. Marketing: it's what Monero is lacking, and why an "inferior" coin can compete against Monero. And maybe win.

Even with all the FUD noise and BTC price rising, HoneyPony still holding on to $20 (maybe just barely, LOL)

That says to me, hopefully "No Such Thing As Bad Publicity"

Maybe after the smoke clears all this 'negative attention' on Monero will just lead to more people investigating it more carefully, and hopefully realizing that -- at the very least -- even IF the shit claimed about linking transactions in the FUD were true (which it prob is not) THEN anyway Monero is STILL more private than anything else currently available that's actually practical to *use*, in actual for-real transactions.

OTOH, yeah it's frustrating anyway.

Seriously I don't get it why Monero seems to get so much negging by the media and etc, compared to how much other coins much closer to clear scams (*cough* Dash *cough* ZCash *cough*) are given a clear benefit of the doubt (totally undeserved)...

Absolutely I agree to u.. appears as though something important has happened, btc is raising.. All the news lies according to me..


 @zegra talking about. interest of investors is like bitfinex and tether. XMR will find the right value..

I have a feeling the decline in price/volume is just because of the BitFinex/Tether situation being big news now. People are tracking what will happen with the Bitcoin price to hopefully profit there. And because BitFinex is increasing the Bitcoin price, people are probably converting altcoin to Bitcoin to join the pump. As soon as that story finishes I think, depending on the outcome people will get back into alts. But the support price in XMR when BTC does a bullrun is always higher and higher, so it looks good to me.

Hashrate (increase) usually follows price increase, the two can't been seen separately. Transaction volume in Monero and other alt coins is probably still mostly people speculating (moving their Moneros to and hopefully from exchanges).

A declining volume does not affect price per se, but it does indicate a lack of traders' current interest. Their focus is apparently elsewhere.

To me a declining volume over an extended period of time could become a worry. Although a declining volume of development and research would be a much greater worry. Which fortunately is not the case for Monero, the opposite I would say.

If it seems a little quiet around here, it may be the fact that the BTCTalk forum is offline in many places outside the USA - I am using Tor as my normal browser cannot log on - been like this for a couple of days.

Seems Theymos decided to upgrade and it's not worked out so well....

Normally that wouldn't be a problem.... If people were buying....
Has xmr been superceded by that zec shitcoin in public perception?

It looks to me that some people or person is gradually unloading a large position.

DaFuck is happening with  XMR ?

How low are we going ? Nearly all my coins are doing better than my monero stack
which is total  bullshit considering there are scam coins like ZEC and DASH worth hundreds of millions more .....

I don't have a clue about USDT now.

Daily volume on Polo is too low to suggest a bottom is in place yet. I think we need to see a sell off on high volume with price approaching the daily 200 MA first. Since 200 MA is at .0128 today probably still some pain left.

Agreed.  I tend to watch trading more than the other metrics, but watching the hash rate and tx vol trend inevitably upward has always been a source of warm fuzzy feelings.  It is something that sets Monero firmly apart from the herd.

I think declining volume is fine as long as the transaction volume and hash rates continue to trend up.  Trading volumes just indicate how close we are to price discovery.  In most alts, discovery tends to push price towards zero, but as long as there is a persistent demand for transactions and hash rate is high enough to restrict supply, dishoarding can't have much lasting market impact.  Volume is just one indicator of liquidity. 

tl;dr: Price discovery in xmr discovers happier things.

It had some effect, but XMR was drifting on a slight downgrade already, with falling volume and orders.  I don't think the FUD caused any change in the trend.  Any time you think you've discovered a correlation to XMR price movement, just move along, because it will change before you can capitalize on it 

I had etc I exchanged for xmr right before etc spiked (DOH) as I expected once BTC came down it would naturally be moved into xmr but it doesn't look like that is happening which is perplexing me. Maybe that FUD campaign actually worked?

True, XMR seems to be divorced from the altcoin scene, and just does its own thing.  Which is good, IMO.  I don't have time or inclination to investigate the DNMs, but I have used XMR for its  intended purpose of value transfer, and have confidence that it will become easier and more common as crypto progresses, and legacy finance/governments bleed.

I was think about getting in Decred... don´t know exactly why... IS it overbought at the moment or you guys would believe its a good time to jump in for long term hold?

And I don’t disagree, I value anonymity too (that’s why I like Monero, even though I’ve never been to a dark net). I guess I was just saying that Monero has it’s own little niche and doesn’t fight tooth and nail like most altcoins.