Topic: [XMR] Monero Speculation - page 92. (Read 3314316 times)

You're right and I was not entirely serious - I know what Fluffy meant.  That's why I got in as soon as I could way back, when it was forking off and the name Monero was first mooted. 

I am excited too. Very.  It's always been an amazing project and, like Bitcoin, was designed as money, but private - without an entirely visible blockchain, with no rich list.  It's brilliant, beautiful and it works.  Those who have manned the node barricades, used it as money and defended the fort by hodling through the toughest times have my respect and gratitude.  I have tried to play my small part in buying the dips, market making and buying the dips again.  Even though I was underwater until 2016 - I just kept on, it seemed it 'had' to work.

One risk has been the pressure on exchanges from TPTB because Monero's secrecy was 'too good', something they might want to crush. That's been a concern and has wobbled some - and made it harder to keep the faith.  We will deserve whatever benefit there is; it has not been easy, but we're still here and yes, our time is coming - privacy is too precious, everyone has good, legitimate reasons to want their financial dealings to be private.  Even banks

I have had a few coins over the years, but only two have truly mattered and are still things I trust. 

I hold a few bitcoins and 'an undisclosed amount' of one other, which is and always will be... private.

Thanks Kurious.

I am just excited because we are STILL in a gimongous binary bet.  Both with BTC and with Monero... same dynamic.

Monero is either already pretty much done and will not surge again, or it's greatest days value wise are still to come.  It is starting to become so obviously the second one that it's just an exciting time.

And I agree that, though the old saw, "don't hold, use" really is a meaningful one, and may end up the exact mechanism that XMR ends up coexisting with BTC we loons are ourselves taking a big risk by staking (not like that) some Monero, running nodes and keeping the network going in the face of risk (governments, hacks, etc). and our risk stands to pay off.

Hopefully.

Ah... I will bite.

Well we're pushing towards the $100 mark now - and given Monero seems to be rising against Bitcoin little by little, looks like we're along for the ride.

Price in USD? (notwithstanding Bitebits comment about that pile of filthy fiat) well, if we end this year over $100, which looks likely and even conservative at this point in time... hmm.

Bitcoin is hoping for 10x (or more) so I think four figures for XMR is not a crazy thought.   I think EOY 2021 will be special - even if Monero just stays at the same rate against BTC, a thousand bucks is possible.

And don't forget, in this four year cycle world... Monero IIRC went up by 2,600% four years ago.  And in January 2018 in USD terms it was at over $500.

I suggest it might be wise to ignore Ricardo's advice between now and the end of 2021.

Little note:
I credited Bitebits above, but I should also give a shout to cAPSLOCK for his fine posts both here and on the WO of late.  

If 2020 is year of Monero, than will have to go way way more then only to $120.  I would say $200-1000.


Oh and for those that missed. Few days ago Monero yearly monetary inflation went under Bitcoins and is now at 1.77% while Bitcoins is at 1.78%.  It will stay this way for next 7 years. Around the end of this year Monero will also catch and surpass average gold mining inflation.

Is that the best they can muster?

Ah was that a reversal signal? or stop watching the BTC chart and focus on dollar?

Looking good.  And it already broke out against fiat around beginning of April or so and slowly kept continuing that trend.  Price could be around at least 200 USD by December.

I honestly don't think they even know.

Partially depends on how many extra dollars will be printed into existence, which nobody knows except a few grey man in a suit. 

How high do u guys think the price will  go before end of year ? I guess 120 usd

I am feeling rather bullish.  Signs are that Monero will do well in the coming bull market.  Going up against BTC when BTC is doing its thing is just the perfect storm.  We have been there before, it's not just hopium.  

Of course for Globb0, hopefully some of this rise will be in time for a certain special event.  Be a nice pressie, eh?

we are prodding nicely. Look consecutive daily green closes.

Seems we may be pushing into the previous (big) resistence level if we can keep this up.

buckle up


https://twitter.com/Anbessa100/status/1290393573582688258

Can you imagine banks dealing in any other cryptocurrency? I dont. Bank customers need privacy. Banks themself need privacy towards other banks. Everyone needs privacy.

You beat me to it. I just read this article: https://cointelegraph.com/news/industry-calls-on-us-regulator-to-open-floodgates-on-banks-crypto-capabilities

It's smart for this industry group to lump together a traceable "privacy" coin (ZEC), with the only real privacy coin (XMR). Instead of being the competitor we imagined, ZEC might end up being a trojan horse for greater XMR acceptance (and higher prices  )

It sounds like the new head of the OCC is very open to allowing cryptocurrency integration into the banking system. After all, they just made that decision allowing banks to custody crypto.

Imagine banks dealing in XMR lol. It may not be so far-fetched.

A lot of crypto shitposting news sites now write articles about the regulatory whitepaper.  Probably is good since there is no bad news in crypto. It does not really matter what they write in the articles.

But there is another similar news:

https://www.coincenter.org/comments-to-the-office-of-the-comptroller-of-the-currency-on-national-bank-and-federal-savings-association-digital-activities/

Love this part. And dont understand why is not obvious to most people on this forum.

If that's the goal, it's obvious that BTC's the crypto to hold rn as it's outperforming everything.  But the moment it plateau's and holders start to get iffy with their bags, that's when they start dabbling with alts...

One reason Monero is a sleeper is it never took the position that it was going to be "digital gold".  It's not designed to pump always.  It is designed to be fungible crypto.  From what I can see it prioritizes privicy in transactions first, and privacy in holdings a close second.  The only reason I say second is I do not think the community and developers were exactly going for the store of value idea first, but the obscured value TRANSFER first.  The "swiss bank account" part is just along for the ride. 

I mean I suppose Ricardo could have been disingenuous when he was always saying "don't hold Monero, spend it".  That ridiculous wookie on twitter certainly thought it was all an act.  But I think the priority for Monero has ALWAYS been private TRANSACTIONS.

But the side effect I see is people will start to realize that if it is the industry standard for private transactions, then why be constantly shifting into and out of it?

If we get those atomic swaps actually working it should be VERY interesting... wonder how far out THAT is?

It's not bad to do it for both. It's nice to have something valuable in your pockets, something with value increasing day by day and nobody knows (unless you really want to show them) how much you actually HOLD.

To be honest, I would rather use it because it has good privacy futures, regardless of what the price is lol