Topic: [XMR] Monero Speculation - page 83. (Read 3314316 times)

Well, XMRBTC could lose over 10% and it would still get there first.

In other words if Monero stays above 0.0087 then Bitcoin will catapult it over 120 before BTC made it to 13800.

So, in my opinion it is EXTREMELY likely that Monero makes 120 while Bitcoin is still on the way to 13800.


***EDIT*** Get ready to see .01 shortly!  I think it could be very normal for that to put up a little resistance/profit taking due to the gigantic psychological factor.

Good question from reddit.

Which breaks their June 2019 peak first?

Monero at $120 Bitcoin at $13800

Congrats gents... we just made a new yearly high, I think.

This is not insignificant.

In fact you gotta go back to June 19 to beat it... and back then we fell quickly from .0115.  So there is not much technically between here and another 12-13% up.
Someone(s) has been loading up on XMR for the better part of 4-5 months.  Almost everything else out there is treading water.

I suppose we should get ready to sell some news?

The only thing that sucks about this turnaround is it is too early for me as I haven't been able to buy any more in the last few months.

Otherwise go for the sky baby!

In USD the next trading ranges are:

Between 95-115
Between 115-140
Open skies!

The timeframe is the harder question, and I think depends on the broader crypto markets.

I expect those two areas to put up fights.

The reason I am talking USD is because I think a lot of the new money coming in will be thinking in USD, and bitcoin's rise also brings us into those areas.

Looking at it in the more important XMR/BTC shows a similar potential progression, though.

Over the last year Monero transaction count has QUADRUPLED, and is basically at an ATH.

Healthy indeed.  This is not the springy action of a pump and dump sort of asset.  For example, right now we see BSV in the pre-coingeek pump that happens every time (money to be made if you can stand the stink) they have a conference.  But Monero does not tend to follow that sort of line.  It trades more organically.

When Microstrategy was buying 10s of thousands of bitcoin they had the luxury of being able to use an extremely active OTC market.  And there are certainly some OTC desks that handle Monero (I dunno Kraken? others?) but the reality is it is still an extremely thinly traded asset compared to big daddy.

I would posit that this is the very best that money moving into Monero can do in regards to not moving the market.  What we are seeing is sustained, patient buying. 

Monero is #15 in market cap, but #10 in trading volume (measured in USD).  This is a sort of bullish divergence (of a kind) in my opinion.  Since it shows that there is more trading action for Monero than all but 9 other coins.  Of course this is hard to measure, and fake volume is rampant... with nearly 1 billion traded in the last 24 hours at a place called "Citex?"  But Monero has SIGNIFICANTLY more volume there than even Ethereum, and is second only to Bitcoin.  Even TradeOgre shows it at #2 with neatly $30k in volume, which is a lot of volume at basically a dark market exchange.  The other thing that possibly even WE forget is that Monero can be traded just about invisibly.  Anything happening outside of a reporting exchange is fully in the dark thanks to the properties of our little buddy.

I think something is definitely going on out there in Monero-land.

And the fun thing is, if this buying pressure holds up it is just about to thrust us over a fairly significant threshold.  Once we sustain prices in the 0.0095 range it gets to be pretty clear skys for the most bullish price action we have seen in years.

Here's to that being the case!  It's hard not to be excited.

https://twitter.com/cryptomorpheus_/status/1310055586915115008

This is looking nice and healthy.

feels so good to be back in Monero in a way it feels like 2017 again and it's awesome. Monero was always great and now it starts to get the attention it deserves

Make Monero great again

I hear you, I care about BTC as a store of value but everything else is ALL Monero.

It's times like these when I almost wished I cared about the entire sector.  I feel like then I might have a good idea considering all the rest of the alts...   But the two projects I care about are in kind of different places.

Bitcoin is consolidating and building steam to start the last few runs (months?) to ATHs, and Monero is testing an area where it is making an approach for a breakout from hibernating for really a couple years.  Are the other major alts in the same spot?

You guys can kick my ass if I jinx it... at least for very long.  But I feel it.

I feel it.

101 and still green.  It will be satisfying to see it over 700 again too!

Been awhile since we broke $100, that was nice to see.

Model made based on transactions, emission and Bitcoins price.



Here is in details how he got to it.
https://twitter.com/CryptoMorpheus_/status/1310059204821037056

So there has been a slight wait for the second release of Spesmonerujo notes due to logistical issues, but here's a sneak peak of the notes that are to come

This series will be a little different from the ones prior.  There will only be 100 notes in total and each will be loaded with 0.15 xmr/150 millimoneroj in honor of the Carbon Chamaeleon v0.15 release.  The next Nitrogen series will be loaded with 0.16, and so on.  This will be the first release where all profits will be directed to general development (1st release was to help cover costs of the start up).

We need an artist to make a great banner like this.

And everybody who's been in the space long enough should've prolly realized that XMR is really what BTC should be by now.  Seriously...