Woah. That is a fairly deep turnaround from you. Care to say what fundamentals are disappointing?
Bah humbug, man. Sheesh...
Hah. Well I'm mostly wrong these days so hopefully it will serve as a reverse indicator.  BTC/USD is on a confirmed zip line which will inevitably draw all markets down. How well XMR/BTC copes remains to be seen but I was definitely hoping we'd be far higher than where we are now. In the absence of fundamental confidence one has to defer back to TA. Had we been far higher the relative slide would be a different affair.   |
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Still on target?
Nope. Fundamentals disappointed. Bearish. |
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Great post.
Question: I recall some weeks ago you mentioned that you were engaged in an effort to change Monero branding (something like that - I can't remember exactly). Did that ever happen?
I was working out new ideas for subreddit designs but in the end got side-tracked with other projects and it sort of fell out of priority tbh. Also since then a number of key changes have been made by others and it's now starting to look pretty good - specifically clearing up the sidebar and removing the dark divider at the top. There's still a couple of changes that could be made, but in general it's not so much an aesthetic priority as it was a few months back (imo). Pain and confusion are results of attachment (see: Buddhist philosophy). Rangedriver has detachment. Either that, or he's not holding bags like the rest of us  I have attachment, it's just an attachment to the future rather than the present. I can't see any way that the fiat system will be around in 50 years, least not in any meaningful way. Monero has proven itself as one of the original classic cryptos, so assuming it is well maintained for the next century, then it's position within the revolution is safe, and for now, underpriced. So as long as accumulation is the order of the day, yes I have bags. |
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I still don't get why some people are getting so worked up about CRYPTO/USD prices, particularly when it comes to speculation. At this stage of the game all that matters is XMR/BTC. If your primary objective is the long-term accumulation of USD, then you are going to lose. Sure, if you've got present-day commitments that are inescapable then I guess you've gotta do what you've gotta do, but c'mon guys... you don't need faith or subjective delusion to realise that in general, the nature of social-political behaviour is that given time ultimately individuals gravitate toward freedom while collectives gravitate toward progressivly fairer systems, and in BOTH scenarios, legacy finance ends up ded, centralized banks end up ded, state-sponsored tokens end up ded and powerful oligarchical fuckfaces end up wounded, presumably retreating to fuck us over in some other kind of way. So right now I'm looking at the XMR/BTC chart and like all other CRYPTO/BTC charts, it's about as exciting as the mediterranean is to surfers. Business as usual. Everything is much the same as it ever was and within acceptable ranges. I think by now, most people in this thread have a visceral understanding that XMR/BTC will be reaching new highs towards the end of the period starting end of Feb and finishing around about mid-summer. That's all that matters. Fuck the USD. It's not to important to the current mission. At any point in time, ever, the only speculatively bad thing that can happen to XMR is if it goes down significantly against BTC.... and even if that were to happen (it's not) then it's only going to bounce back up again. You already know this. For everyone else, at times like this I think it's worth taking to heart the wisdom of anglo-japanese financial trader Kero Kero Bonito, particularly in her 2016 publication entitled: Trampoline. You can listen to the full 4 minute speech here: https://www.youtube.com/watch?v=tTkHkLDy0HIAs far as I'm concerned it's potentially the most important trading advice ever given. Peace. |
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21st June 2018 Predictions
Top 10 Market Cap Order (irrespective of price/marketcap)1. ETH 2. BTC 3. NEO 4. XRP 5. BCH 6. XMR 7. ADA 8. LTC 9. XLM 10. QTUM  Good luck everyone! ♥[06/21/18 00:00 UT]
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Not the brightest of thieves though. |
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Do u think xmr reaching 1000 usd is possible in 2018?
Try not to think in terms of USD but rather in BTC. If the cryptospace is a rollercoaster then all that matters is how close we're sitting to the front, irrespective of the nature of the track and its various loops. |
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 XMR will have at least 3.5% of BTC's marketcap by February 24th at just after 2pm PST.
You can take that to the bank. (I mean it this time.)
Seasons greetings to one and all. Still on target. |
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I cannot understand why dash has any traction. Can someone ELI5 for me? It makes me concerned that I may be fundamentally misunderstanding, well, everything.
Dash has been successful in only one sense: Understanding that what the masses actually want is horseshit wrapped in a logo. The argument could just as easily be applied to many manifestations of mainstream culture: McDonalds, iPhone, Coke, Budweiser, Hollywood remakes, Disney, etc. People generally love shit.If there is wisdom to be extrapolated it is that Monero needs to be aesthetically as advanced as any other piece of crap out there, and the gift of privacy/fungibility can be injected to an otherwise ignorance audience regardless. Brand and image requires as much attention from the Monero intelligentsia as cryptography, and much like the establishment of the Monero logo (99 designs) it will most likely require pushing to visual design experts. I say this, because I've been spending the last week or so redesigning the Monero subreddit which I intend to push to the community in the next couple of weeks. To be frank, the current subreddit looks kinda shitty, and it has sparked inspiration in me at least to review Monero's collective capacity to compete with mainstream brands. (It's do-able with the right mindset.) Your efforts are much appreciated and incredibly worthwhile. I agree with the thrust of what you say; Monero needs better marketing. That said, it must be in character and distinctive - Monero is special. For me it's not so much about marketing as it is about branding and visual design. I can kinda do a lot of the marketing myself through word of mouth and other renegade tactics, providing the branding and stylistics are on point. My golden rule tends to be: "Can I sell this to the girl next door and the Japanese?" If the answer is Yes and Yes.... then I know it's a winner. |
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I cannot understand why dash has any traction. Can someone ELI5 for me? It makes me concerned that I may be fundamentally misunderstanding, well, everything.
Dash has been successful in only one sense: Understanding that what the masses actually want is horseshit wrapped in a logo. The argument could just as easily be applied to many manifestations of mainstream culture: McDonalds, iPhone, Coke, Budweiser, Hollywood remakes, Disney, etc. People generally love shit.If there is wisdom to be extrapolated it is that Monero needs to be aesthetically as advanced as any other piece of crap out there, and the gift of privacy/fungibility can be injected to an otherwise ignorance audience regardless. Brand and image requires as much attention from the Monero intelligentsia as cryptography, and much like the establishment of the Monero logo (99 designs) it will most likely require pushing to visual design experts. I say this, because I've been spending the last week or so redesigning the Monero subreddit which I intend to push to the community in the next couple of weeks. To be frank, the current subreddit looks kinda shitty, and it has sparked inspiration in me at least to review Monero's collective capacity to compete with mainstream brands. (It's do-able with the right mindset.) |
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Ripple, Vertcoin and even Doge have larger communities than Monero! ouch. Not sure why they even use facebook as a metric for monero, a privacy coin shouldn't have a strong facebook presence. What's paragon coin? They have a ton of likes. Also, vertcoin's stats don't match their rank, though that could be because of an unlisted metric. Plus... reddit subscribers is somewhat illusionary if the coin was once popular and now isn't so much (Dogecoin for example). Number of users online is a far better metric. Also IRC stats and other real-time social metrics give a crucial sense of social industry. (Of which Monero is number 2). |
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Ripple, Vertcoin and even Doge have larger communities than Monero! ouch. Privacy peeps don't do Facebook? Who knew? |
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Polo had a big buy too.
About 2.4 million USD on each. |
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North Korea should really learn a better poker face. Net result from this horseshit: Nada. |
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How often in this space the phrase "Sale Day" is used to mask obvious declines.
In this instance, certainly in XMR/BTC terms, the phrase is well deserved... especially if you have the bitquidity to take advantage.
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Lol that is massive call, And I would say one that is banking on BTC falling off a cliff in the next few months as one would expect
Massive call indeed, for Monero to take even 1% of BTC share, let alone 3.5%! But stranger things have happened in the world of crypto. We saw Monero take centrestage in 2016. It did not prevent Alphabay and Hansa from getting caught since they still loved Bitcoin, and we have seen Monero spike in 2017. I believe if it can fend off competition from Zcash we will see another ATH for Monero in 2018. I do not have much, but enough to make me a happy camper if it gets to $200!
I can't imagine in what world 3.5% of BTC represents a massive call. It's literally just a creative way of saying breaking (and permanently staying above) XMR/BTC ATH by Springtime. It's probably the easiest and least riskiest call anyone has ever made in the entire history of technical analysis ass number pulling. |
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hate to tell it to you but no one can predict the markets.
Except Rangedriver. His short term record is enviable. (Inside info, I assume.)Well it's now October and it looks like my prediction of 0.07-0.075 by the end of September was wayyy off course. Weird huh? I guess it just shows that no-one can predict the markets after all... and puts to bed the rumour of trading on inside info. (I really don't want to get investigated by the Feds for pulling numbers out of my ass.) With that being said... I'm looking at Q1 2018 to be the most interesting for Monero. Read, bullish. I've spent a lot of time doing some research and can now confirm that XMR will have at least 3.5% of BTC's marketcap by February 24th at just after 2pm PST. You can take that to the bank. (I mean it this time.) |
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In my opinion this is our current conundrum. We do not know if it's going to be the same this time.
Agree completely. |
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Yes of course there is a correction coming (or a Dark Age). That is a very clear trend in the BTC (for 6 years), and now other Crypto charts. Lots of ppl pretend it won't happen, and they will suffer the most with lack of preparation.
Each huge wave up is followed by a retracement to just above the previous high. In this wave up, the start was around $300 on BTC, the high looks like $5000, and the previous high was $1200, which is where it is heading now, and will mark the floor of this current downtrend. The waves last a couple of years on average, but there is a wide variation.
$259.34 (2013 Q2 peak) x 4.48446$1163 (2013 Q4 peak) x 4.28116$4979 (2017 Q3 peak) x 4.38281 (averaged multiplier)$21822 (target peak)****** $1163 (2013 Q4 peak) / 4.4051$264.01 (average floor = ~2013 Q2 peak) $4979 (2017 Q3 peak) / 4.39024 (averaged multiplier)$1134.10 (target average floor = ~2013 Q4 peak) |
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