Hi. Could anyone explain to me how ZK-snarks work? Thx.
I think fewer than 10 people on Earth understand exactly how ZK-snarks work. Zooko himself admitted that he doesn't understand! 
Topic: [XMR] Monero Speculation - page 869. (Read 3314350 times)
The way Monero is behaving in the exchanges is showing bad signs. It looks like it has decoupled from bitcoin and if bitcoin starts moving and Monero price stays the same or go down against fiat that would mean a trend down is forthcoming. I am getting scared.
Why? This has happened over and over the past 3 years. Get used to it. Put on your seatbelt or panic sell and make me/us richer.
Edit - Sorry, but it's never been "coupled" with btc. it's moved the opposite more often than not. If you are in for the short term, you are bound to get #rekt, sorry.
I would disagree with you. Over the last three years XMR has basically behaved like all the other alts and its value judged against BTC has moved appropriately as BTC's value has moved. When XMR has changed its own inherent value ie its value against USD, this has provided a different value against BTC.
These sorts of relationships have become more tenuous since before the Christmas period and XMR seems to have become more reliant on sentiment (as pointed out by Kurious).
Over the last week we have seen XMR value being hammered from all sides (see my post a couple of pages back) and not even responding to improved sentiment.
What scares me is that no-one here seems to see the beating and are trotting out 'cultist' stuff about having blind faith -- the BTC wall observer thread has been doing this for years now, I thought we were better than that.
I like your way of thinking and it is always good to be open to all opinions. That will make you more profit if you like trading altcoins. Some posters here are blind and deaf and they will cry foul if they lose.
Anyway maybe it is time to stop looking at XMR/BTC and start concentrating on XMR/fiat? Bitcoin will always have its own sentiment and it seems XMR is becoming to have one of its own too, and the whale traders are more concerned about making fiat than accumulating bitcoins, I believe.
Hi. Could anyone explain to me how ZK-snarks work? Thx.
Missed opportunity to get back some coins. always seem to be stuck on the wrong side.
Hype is over, no pumps on the immediate horizon, so speculators are selling off. I think a correction down to .012 is in the cards. Maybe lower, depending on whether Bitcoin climbs back to ~ $1000. Monero seems to rally in the spring, so I would guess that the next 2 months will be pretty slow, maybe a few minor pumps if we get interesting announcements.
@OrangeP I just checked and you have a point, I stand corrected. But XMR is still roughly twice the market cap of Dash.
I am sure we will see some volume in China once they realise the superiority of the tech and the advantages.
Looks like we could do with a listing on xBTCe in Malaysia though! It's been a fair chunk of Dash's volume from time-to-time and it would do us good.
I am sure we will see some volume in China once they realise the superiority of the tech and the advantages.
Looks like we could do with a listing on xBTCe in Malaysia though! It's been a fair chunk of Dash's volume from time-to-time and it would do us good.
Isnt this xBTCe Volume missleading ? I heard that there are some wrong data and the volume is far less for every currency there.
XMR > Dash. It might take longter to adopt since they dont use big marketing. But slow and steady XMR will spread and develop a real community.
They just don't care that much about all this marketing because they know that they do the right thing. They are ideologists and a lot of people are following.
It is more of a hold coin and not trade coin.
Although inflation is still big and there are miners/traders of course as well, but this will change in future as well.
And the base community is just stronger than ever.
I think no other coin but bitcoin has such a strong community like Monero.
Here we go another selloff bomb.
Also a thing I didn't even notice, even though I hold some coins there myself: mymonero.com has been down for almost 3 days reddit users say. This, of course, is very bad and may cause some people to panic sell.
Why dont you try to log in there yourself and see it if you are to lazy to read few posts back.
also this looks nice
http://moneroblocks.info/stats
I think Dash is a good enough proposal and it's a thing of advertisement and lock-in effects which will decide the crown of anonymous crypto currency. If technical superiority would be the only long term factor, everyone should trade all their BTC into Litecoin for a start.
Monero is currently in the lead, but China might change that very quickly.
Also a thing I didn't even notice, even though I hold some coins there myself: mymonero.com has been down for almost 3 days reddit users say. This, of course, is very bad and may cause some people to panic sell.
Monero is currently in the lead, but China might change that very quickly.
Also a thing I didn't even notice, even though I hold some coins there myself: mymonero.com has been down for almost 3 days reddit users say. This, of course, is very bad and may cause some people to panic sell.
@OrangeP I just checked and you have a point, I stand corrected. But XMR is still roughly twice the market cap of Dash.
I am sure we will see some volume in China once they realise the superiority of the tech and the advantages.
Looks like we could do with a listing on xBTCe in Malaysia though! It's been a fair chunk of Dash's volume from time-to-time and it would do us good.
I am sure we will see some volume in China once they realise the superiority of the tech and the advantages.
Looks like we could do with a listing on xBTCe in Malaysia though! It's been a fair chunk of Dash's volume from time-to-time and it would do us good.
Coinmarketcap data showed extensive trading of Dash vs dollar and yuan on exchanges with Chinese customers. This is why I think that maybe some scared people are trying to hide their stuff in dash. Monero volume in China has been at place 13 last time I checked. It needs more advertisement over there.
MyMonero appears to be back up.
Let's see if the price follows....
Let's see if the price follows....
Yeah just logged in and checked my balance. The 2 XMR i had on that address are still there.
Maybe everyone will stop crying about the "exit scam" now.
Watching the price today as the US wakes up. Lets see if there is any positive movement.
I'm absolutely not an expert in trading stuff, but I feel that the rise in value that occurred from 0.01 to 0.015 occurred almost exclusively in connection with the ads in the two big exchanges who have accepted monero (bitfinex and kraken). Now that there is no more news than that, it stagnates and the weak hands who only came in the belief it would mooner, are doubting. Maybe the whales are trying to identify these weak hands.
That's the noob of the day analysis
That's the noob of the day analysis
well i don't think that. this comes after GUI update also and if you look the alts what you would buy if you have some BTC to invest on them? to me it's clear i would buy Monero as 1st choice. and of course i would stay away from ETH as i don't like this kind of experiements, i think you remember this DAO hack etc...
BUT nothing ever happened with XMR or BTC (don't say my about exchanges hacked because this is another story...)
XMR has big potentials and in my opinion now that is not expensive BTC holders need have 2-3 times the amount they have in BTC in XMR...
you have 50BTC then keep 150 XMR (of course the more the better
) If everybody in the bitcoin community would buy 2-3 times the amount of XMR they have in BTC as you suggested there would not be enough coins to feed the hungry bitcoiners. Therefore it is better not to encourage people to buy 2-3 XMR for every bitcoin....
MyMonero appears to be back up.
Let's see if the price follows....
Let's see if the price follows....
Fundamental
- Maybe some people know things we don't. Are there new and better competitors? Is there a flaw in Monero?
- Maybe it's just a lot of profit taking from daytraders and jumping onto new trends like Dash, which is more popular in China.
- Otherwise, all we can say is that the product Monero has improved during the last weeks. We now have a GUI and RingCT.
Verdict
So while I'm worried too, I can't find enough reasons to be pessimistic. I just traded BTC into XMR.
What happened yesterday was that there was lots of FUD on this forum and on Poloniex troll-box and Twitter about people cant reach their Monero in their MyMonero valet. Questioning if anyone actuality was able to get them thru GUI. That is why Monero lost almost 10% compared to Bitcoin. It was an opportunity that day traders grabbed to get some profit. I think MyMonero is still off, so there will be lots more chance for them to FUD more.
That wasn't the reason.. MyMonero was already down a whole day before that... it just some entities dumping because they think it is the right time to do so... not the FUD
Yes and now is down for 3 days. So way easier to spread FUD today then yesterday.
I am sure this is not only factor, but it added a lot to what happened yesterday. Some bought Moneros with hope that price will go skyhigh at RingCT fork and are now selling.
I'm absolutely not an expert in trading stuff, but I feel that the rise in value that occurred from 0.01 to 0.015 occurred almost exclusively in connection with the ads in the two big exchanges who have accepted monero (bitfinex and kraken). Now that there is no more news than that, it stagnates and the weak hands who only came in the belief it would mooner, are doubting. Maybe the whales are trying to identify these weak hands.
That's the noob of the day analysis
That's the noob of the day analysis
well i don't think that. this comes after GUI update also and if you look the alts what you would buy if you have some BTC to invest on them? to me it's clear i would buy Monero as 1st choice. and of course i would stay away from ETH as i don't like this kind of experiements, i think you remember this DAO hack etc...
BUT nothing ever happened with XMR or BTC (don't say my about exchanges hacked because this is another story...)
XMR has big potentials and in my opinion now that is not expensive BTC holders need have 2-3 times the amount they have in BTC in XMR...
you have 50BTC then keep 150 XMR (of course the more the better
) Fundamental
- Maybe some people know things we don't. Are there new and better competitors? Is there a flaw in Monero?
- Maybe it's just a lot of profit taking from daytraders and jumping onto new trends like Dash, which is more popular in China.
- Otherwise, all we can say is that the product Monero has improved during the last weeks. We now have a GUI and RingCT.
Verdict
So while I'm worried too, I can't find enough reasons to be pessimistic. I just traded BTC into XMR.
What happened yesterday was that there was lots of FUD on this forum and on Poloniex troll-box and Twitter about people cant reach their Monero in their MyMonero valet. Questioning if anyone actuality was able to get them thru GUI. That is why Monero lost almost 10% compared to Bitcoin. It was an opportunity that day traders grabbed to get some profit. I think MyMonero is still off, so there will be lots more chance for them to FUD more.
That wasn't the reason.. MyMonero was already down a whole day before that... it just some entities dumping because they think it is the right time to do so... not the FUD
Fundamental
- Maybe some people know things we don't. Are there new and better competitors? Is there a flaw in Monero?
- Maybe it's just a lot of profit taking from daytraders and jumping onto new trends like Dash, which is more popular in China.
- Otherwise, all we can say is that the product Monero has improved during the last weeks. We now have a GUI and RingCT.
Verdict
So while I'm worried too, I can't find enough reasons to be pessimistic. I just traded BTC into XMR.
What happened yesterday was that there was lots of FUD on this forum and on Poloniex troll-box and Twitter about people cant reach their Monero in their MyMonero valet. Questioning if anyone actuality was able to get them thru GUI. That is why Monero lost almost 10% compared to Bitcoin. It was an opportunity that day traders grabbed to get some profit. I think MyMonero is still off, so there will be lots more chance for them to FUD more.
Didn't know about that - any news as to why it's down?
EDIT: Site says it's just an HF update. No reason to panic.
Fundamental
- Maybe some people know things we don't. Are there new and better competitors? Is there a flaw in Monero?
- Maybe it's just a lot of profit taking from daytraders and jumping onto new trends like Dash, which is more popular in China.
- Otherwise, all we can say is that the product Monero has improved during the last weeks. We now have a GUI and RingCT.
Verdict
So while I'm worried too, I can't find enough reasons to be pessimistic. I just traded BTC into XMR.
What happened yesterday was that there was lots of FUD on this forum and on Poloniex troll-box and Twitter about people cant reach their Monero in their MyMonero valet. Questioning if anyone actuality was able to get them thru GUI. That is why Monero lost almost 10% compared to Bitcoin. It was an opportunity that day traders grabbed to get some profit. I think MyMonero is still off, so there will be lots more chance for them to FUD more.
I'm absolutely not an expert in trading stuff, but I feel that the rise in value that occurred from 0.01 to 0.015 occurred almost exclusively in connection with the ads in the two big exchanges who have accepted monero (bitfinex and kraken). Now that there is no more news than that, it stagnates and the weak hands who only came in the belief it would mooner, are doubting. Maybe the whales are trying to identify these weak hands.
That's the noob of the day analysis
That's the noob of the day analysis
Thanks for having translated what I wrote in the french section. LOL
cf. https://bitcointalksearch.org/topic/m.17501153
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