[XMR] Monero Speculation - page 85. | Bitcointalksearch.org

phishead

hero member

Activity: 1874

Merit: 840

Keep what's important, and know who's your friend

Quote from: Hueristic on September 22, 2020, 11:24:33 AM

Quote from: cAPSLOCK on September 22, 2020, 08:52:05 AM

Just a few fun observations...

Currently we are ~2x the number of monero transactions being made than when it was at it's USD ATH in Jan 2018
That number has steadily grown for four years and shows no signs of dropping yet. https://bitinfocharts.com/comparison/monero-transactions.html
Hashrate has remained steady near the ATH since the RandomX fork.
Hashrate has shown no clear signs of hidden ASIC development since that time as well. https://bitinfocharts.com/comparison/monero-hashrate.html I believe the recent obscene spike can only be explained by a lot of cloud power (AWS, Azure?) temporarily pointed at mining XMR briefly as new ASICS have no incentive to shut off whereas cloud computing has a LARGE incentive to shut off. It is very curious as to who/why. This could even be a test run at a server provider using idle CPU to see what could be achieved as a proof of concept, IMO
Transaction fees remain near historical lows, even as blocksize rises
Monero continues to have more real world use (Dark Markets) than the vast majority of blockchains

Just some food for thought.

I wonder when there will be a Panama type paper released when we find out the bankers have been using it to hide their transactions?

I don’t think the market cap of today represents “Panama Paper” kind of money. I really think Monero is still just as undiscovered as it was in 2018.

It seems most rich people getting into crypto are into scam coins for the ROI and not looking to actually hide their wealth. I think you will see a flood of money come in once they realize how much of a Swiss bank xmr actually is.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: cAPSLOCK on September 22, 2020, 08:52:05 AM

Just a few fun observations...

Currently we are ~2x the number of monero transactions being made than when it was at it's USD ATH in Jan 2018
That number has steadily grown for four years and shows no signs of dropping yet. https://bitinfocharts.com/comparison/monero-transactions.html
Hashrate has remained steady near the ATH since the RandomX fork.
Hashrate has shown no clear signs of hidden ASIC development since that time as well. https://bitinfocharts.com/comparison/monero-hashrate.html I believe the recent obscene spike can only be explained by a lot of cloud power (AWS, Azure?) temporarily pointed at mining XMR briefly as new ASICS have no incentive to shut off whereas cloud computing has a LARGE incentive to shut off. It is very curious as to who/why. This could even be a test run at a server provider using idle CPU to see what could be achieved as a proof of concept, IMO
Transaction fees remain near historical lows, even as blocksize rises
Monero continues to have more real world use (Dark Markets) than the vast majority of blockchains

Just some food for thought.

I wonder when there will be a Panama type paper released when we find out the bankers have been using it to hide their transactions?

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Just a few fun observations...

Currently we are ~2x the number of monero transactions being made than when it was at it's USD ATH in Jan 2018
That number has steadily grown for four years and shows no signs of dropping yet. https://bitinfocharts.com/comparison/monero-transactions.html
Hashrate has remained steady near the ATH since the RandomX fork.
Hashrate has shown no clear signs of hidden ASIC development since that time as well. https://bitinfocharts.com/comparison/monero-hashrate.html I believe the recent obscene spike can only be explained by a lot of cloud power (AWS, Azure?) temporarily pointed at mining XMR briefly as new ASICS have no incentive to shut off whereas cloud computing has a LARGE incentive to shut off. It is very curious as to who/why. This could even be a test run at a server provider using idle CPU to see what could be achieved as a proof of concept, IMO
Transaction fees remain near historical lows, even as blocksize rises
Monero continues to have more real world use (Dark Markets) than the vast majority of blockchains

Just some food for thought.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Febo on September 21, 2020, 09:05:17 PM

It would be funny to see if Monero would start its rally now when all coins are in deep reds. I dont believe it will but on other hands it has to do it. There is just to much upward pressure. It can happen in months or weeks or days or hours. Sure is only that it will happen .

It's been a long time since Monero did one of it's old fashioned upward rips that it used to be famous for.

I'd love to think it has gone one in it still

Febo

legendary

Activity: 2744

Merit: 1288

It would be funny to see if Monero would start its rally now when all coins are in deep reds. I dont believe it will but on other hands it has to do it. There is just to much upward pressure. It can happen in months or weeks or days or hours. Sure is only that it will happen .

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: Hueristic on September 21, 2020, 12:58:38 PM

Quote from: cAPSLOCK on September 21, 2020, 11:01:07 AM

Little Monero bucking a pretty strong trend.

I gotta say it has been acting fairly lit up recently.

It actually bothers me to see Romero in the same list as those shitcoins.

Yeah I often can tolerate most of the list until I see f&c($%@ ripple. Ripple's existence is a stain on the entire sector. Luckily neither Monero or Bitcoin care at all.

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: rinus on September 21, 2020, 12:04:09 PM

Quote from: cAPSLOCK on September 21, 2020, 11:49:11 AM

Quote from: rinus on September 21, 2020, 11:41:35 AM

Looks like this is a general market drop : stocks, crypto, silver...
This is due to the elections?

USD is rallying.

The election is a known risk. What is likely contributing to this is continued speculation around covid, and the more immediate political risk threat posed by the Justice Ginsburg situation that happened over the weekend.

That's the only sense I can make of it at least, lol.

I actually think Bitcoin (and by extension, Monjango) are at less risk, than Gold currently. I would be a little worried about Gold as it is testing it's 50MA. But whether that means a bear move, or a great dip to buy? I am as clueless as ever.

(eidt - oh and I am fairly certain the markets heard me bragging on XMR holding up during all this tanking... I had barely hit post when it fell alongside it's peers... *sigh* my bad...)

U think this dip will last long?

No, I really think this is a normal corrective impulse in the middle of a bullish bitcoin trend. And I think Monero is also Bullish/BTC right now as well, and it doesn't seem to be taking part in the correction as much. To be honest I would love to know the rationale of the selling pressure.

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: Globb0 on September 21, 2020, 03:57:51 PM

You guys keep mentioning dips. When I log in its always over 08

Stop teasing me.

404 Dip not found

The last sub 0.008 dip was minutes long. No time for that shit, Moving along.

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

You guys keep mentioning dips. When I log in its always over 08

Stop teasing me.

404 Dip not found

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: rinus on September 21, 2020, 12:04:09 PM

Quote from: cAPSLOCK on September 21, 2020, 11:49:11 AM

Quote from: rinus on September 21, 2020, 11:41:35 AM

Looks like this is a general market drop : stocks, crypto, silver...
This is due to the elections?

USD is rallying.

The election is a known risk. What is likely contributing to this is continued speculation around covid, and the more immediate political risk threat posed by the Justice Ginsburg situation that happened over the weekend.

That's the only sense I can make of it at least, lol.

I actually think Bitcoin (and by extension, Monjango) are at less risk, than Gold currently. I would be a little worried about Gold as it is testing it's 50MA. But whether that means a bear move, or a great dip to buy? I am as clueless as ever.

(eidt - oh and I am fairly certain the markets heard me bragging on XMR holding up during all this tanking... I had barely hit post when it fell alongside it's peers... *sigh* my bad...)

U think this dip will last long?

nope

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: cAPSLOCK on September 21, 2020, 11:01:07 AM

Little Monero bucking a pretty strong trend.

I gotta say it has been acting fairly lit up recently.

It actually bothers me to see Romero in the same list as those shitcoins.

rinus

sr. member

Activity: 362

Merit: 258

Quote from: cAPSLOCK on September 21, 2020, 11:49:11 AM

Quote from: rinus on September 21, 2020, 11:41:35 AM

Looks like this is a general market drop : stocks, crypto, silver...
This is due to the elections?

USD is rallying.

The election is a known risk. What is likely contributing to this is continued speculation around covid, and the more immediate political risk threat posed by the Justice Ginsburg situation that happened over the weekend.

That's the only sense I can make of it at least, lol.

I actually think Bitcoin (and by extension, Monjango) are at less risk, than Gold currently. I would be a little worried about Gold as it is testing it's 50MA. But whether that means a bear move, or a great dip to buy? I am as clueless as ever.

(eidt - oh and I am fairly certain the markets heard me bragging on XMR holding up during all this tanking... I had barely hit post when it fell alongside it's peers... *sigh* my bad...)

U think this dip will last long?

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Quote from: rinus on September 21, 2020, 11:41:35 AM

Looks like this is a general market drop : stocks, crypto, silver...
This is due to the elections?

USD is rallying.

The election is a known risk. What is likely contributing to this is continued speculation around covid, and the more immediate political risk threat posed by the Justice Ginsburg situation that happened over the weekend.

That's the only sense I can make of it at least, lol.

I actually think Bitcoin (and by extension, Monjango) are at less risk, than Gold currently. I would be a little worried about Gold as it is testing it's 50MA. But whether that means a bear move, or a great dip to buy? I am as clueless as ever.

(eidt - oh and I am fairly certain the markets heard me bragging on XMR holding up during all this tanking... I had barely hit post when it fell alongside it's peers... *sigh* my bad...)

rinus

sr. member

Activity: 362

Merit: 258

Looks like this is a general market drop : stocks, crypto, silver...
This is due to the elections?

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Little Monero bucking a pretty strong trend.

I gotta say it has been acting fairly lit up recently.

elrippos friend

full member

Activity: 1179

Merit: 210

only hodl what you understand and love!

Quote from: Febo on September 17, 2020, 10:25:00 AM

https://cointelegraph.com/news/xmr-workgroup-says-irs-should-study-monero-not-try-to-break-it

One of rare Cointelegraph articles mention Monero so far that I liked.

XMR workgroup says IRS should study Monero — not try to break it

Trying to break it simply tells us they dont understand it yet. $625,000 would be very well spend founds for them to do understand Monero. And see how valuable it is.

Also, right now there is so much news of Monero in media, so I am surprised there was no price action because of that. At least some failed pump as it happened on 21th August.

Wait for October Grin

Febo

legendary

Activity: 2744

Merit: 1288

https://cointelegraph.com/news/xmr-workgroup-says-irs-should-study-monero-not-try-to-break-it

One of rare Cointelegraph articles mention Monero so far that I liked.

XMR workgroup says IRS should study Monero — not try to break it

Trying to break it simply tells us they dont understand it yet. $625,000 would be very well spend founds for them to do understand Monero. And see how valuable it is.

Also, right now there is so much news of Monero in media, so I am surprised there was no price action because of that. At least some failed pump as it happened on 21th August.

Millionero

sr. member

Activity: 807

Merit: 423

Quote from: Febo on September 15, 2020, 05:01:22 PM

Finally! This should definitely make things started.

https://www.perkinscoie.com/images/content/2/3/v3/237411/Perkins-Coie-LLP-White-Paper-AML-Regulation-of-Privacy-enablin.pdf

This is pretty significant:
Notably, the Funds Travel Rule and similar “tracking”-
oriented obligations, which were initially implemented for compliance of non-cryptocurrency services, do not mandate
that this tracking and sharing of required transaction information occur via blockchain analysis and surveillance.

And
Like FinCEN with the AML Program, the NYDFS
outlines certain requirements on the rigorousness of these programs, but it similarly does not require the use of onchain surveillance tools.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Looks like big dump but low volume, they keep trying to pull these tactics.

#ShakenTheTrees

Febo

legendary

Activity: 2744

Merit: 1288

Quote from the paper

Conclusion
Privacy coins reflect a nascent, but important, effort to safeguard our fundamental interest in personal and commercial
financial privacy. The AML risks of privacy coins, while real, do not require specific, tailored regulations that may pose
an unnecessary risk of stifling privacy coins’ growth. Rather, VASPs can adequately address those AML risks by
maintaining an effective, risk-based program. Allowing VASPs to support privacy tokens under current, tested AML
regulations strikes the appropriate policy balance between preventing money laundering and allowing beneficial,
privacy-preserving technology to develop

Topic: [XMR] Monero Speculation - page 85. (Read 3314316 times)