Topic: [XMR] Monero Speculation - page 878. (Read 3314350 times)

Exactly, XMR/BTC is what matters. He was referring to XMR/USD when he mentioned the dive. Now XMR/USD = XMR/BTC * BTC/USD, so nothing is happening to monero, it's bitcoin that's weakening. Therefore if BTC/USD changes then XMR/USD must change too, it's a simple math. Of course unless monero in itself (that is, XMR/BTC) changes.

P.S.: if you really wanted to know what is happening to a particular currency you would have to first make a matrix of all mutually influencing currency pairs, calculate how much they contribute to the basket, normalize them so that you don't compare apples to oranges and then you would be able to actually calculate the relative strength of each individual currency, i.e. which currency is driving and which is driven, so to speak.

If you are still unsure what I am talking about consider this situation. Trump says something stupid. People start selling their USD and buying EUR, gold, bitcoins. Thus you will see all those respective exchange rates changing, but that doesn't mean that EUR is going up, gold is going up, bitcoin is going up, it only means that USD is going down and all those others are being driven up. It's the matter of cause and effect.

In fact in this example you would see changes in the other USD-quoted exchange rates as well even if nobody would be buying or selling them. For example, you have EUR/USD, GBP/USD and EUR/GBP. If USD goes down (thus EUR/USD goes up) and EUR vs GBP stays the same then you will see GBP/USD going up simply because GBP/USD = EUR/USD / EUR/GBP, it's just a math. That's what many people don't understand when they see an exchange rate changing without any underlying volume. Just because something is moving doesn't mean both sides are equally responsible.

(sorry for multiple edits)

So it didn't dive? Why would you value XMR is fiat? Only metric is relative value to the crypto king XBT.

Yes, I agree with you. I'm referring to the dive of USD value.
If we look at XMR/BTC, it stayed the same at around 0.016 BTC.

I don't think you interpret what you see correctly. The only quote to measure XMR performance is XMR/BTC, at least for the time being. XMR/USD is a mere recalculation of the former vs BTC/USD. If anything, this drop in BTC can actually help XMR to climb a bit higher.

The #3 market cap should bring long overdue attention, and Monero >0.04 is on the card this year IMHO.

I look forward to another group of short-sighted shorters being burnt in the next big move.

#happymonerodolphin :-)

People were having fun when BTC touched 8888 CNY.  
Today, BTC touched 888.8 USD.  

Agree! BTC is buy-on-dips from hereon.

He's not a generic troll at all. He just rails against injustice, you see. Whereas you... I'm afraid that calling people "kiddo", or "kid" marks YOU out as the generic troll here.

Nothing you can do.  Simply try to buy some coins while the candles are red.

I knew that will happen, but didn't do anything. Just watching...I hate it.  
Anyway, if my read on the 3-pushes to a high in BTC is correct, then this correction is a bullish confirmation for BTC.

Some bizarre price movement at present - BTC down to 885 on Stamp, XMR down to $14USD but still holding firm against BTC. 

This is some shakeout/correction.

Wooow! XMR price dived, driven by BTC. 

That's true, but financial backers of failed proposals still either suffer delays in delivery of the contracted work or reappropriation of their donations, which are non-refundable AFAIK.

Lately it looked like the market started moving faster and faster and it's good to have a lot of movement but too much growth might do bad. Since new years eve we've seen fluctuations of the total market cap of Bitcoin+Alts of over 3 billion dollars. We might see a downtrend soon not only for Bitcoin but all the major Alts as well but I hope they will all stabilize and not collapse. The big or rather huge risk of all this is if something like Mt. Gox or something much smaller (which will make investors think about the risks of keeping their money in Crypto Exchanges) might lead to a domino effect.

The results could be unimaginable, years of lack of trust in Exchanges and so in Crypto trading like we've witnessed before.

I am 99% sure Monero will be more then $100 one day.

About this year I would say this. If Bitcoin moon to $5000 I am 99% sure we will see $100 Monero this year.

I will have to correct you as the FFS is even better, if someone fails to deliver on his proposal usually the funds are saved either a) for someone else doing the same proposal or b) after months of inactiveness they will get used for other projects. The beauty of milestones in a proposal isnt it ?

Just remembered this post.

Er... 'Low volatility...' '....Bitcoin has a solid lead in this regard'

Just watched Finex drop a couple of hundred USD in a minute 

Looks like the hot money on Polo is fleeing from Etherium - I hope XMR will get the fair share of it.

My attempt to attack you for criticizing Dash? Kiddo, you are seriously delusional. I haven't written here in this topic for months and I couldn't care less about some Dash, whatever that is.

Now I understand why most of your negative feedback says you are just an ordinary troll.

EDIT: this little scamming kid just gave me a fake negative feedback because I publicly pointed out his vast and exclusively negative feedback, hilariously pathetic. Added to my personal list of scammers, added to the ignore list and gave a genuine negative feedback. I encourage everyone to give him a negative feedback and ignore him as well.

The little retard is apparently incapable of comprehending that his fake negative feedbacks don't matter in the slightest. He even went as far as to fake and fabricate my quote of his post which is just insane. Everyone can easily see that in my post #26596 I referred to him by an empty quote (to not dirty this forum even further with his mental garbage), yet he actually tried to make an impression that I quoted his post. So furious and desperate, and so futile. The boy is genuinely mentally sick, I feel sorry for his parents.

By the way, you dumb mental boy "iCEBREAKER", by mining monero I have already made more than you will make in your entire life, that is if you ever get a job once you grow up, if you ever grow up that is (and if you are ever released from the mental asylum).

It will gradually be de-listed at more exchanges until it's irrelevant - we won't notice when it finally has gone.  Off Polo within 2 years? Likely IMO.

Meanwhile XMR at No.2 this year is looking a decent prospect.  I will settle for Crown Prince, while Dash will not be allowed a seat at the top table.