Capitulation?
Not sure. Was the 20k Polo buy whale dumped into? If so, that's pretty capitulatey...  It was indeed. And I am now 26.6k XMR richer. This is the lowest btc ratio since 2016. I'm seeing a lot of comments these days about how "it's different this time". No, it's not different. The smart money knows this and is picking up altcoins now and going forward from people who believe such thing. There will be a new rally for altcoins once again and it will catch a lot of people by surprise. Monero has had tremendous technological progression and adoption over the last few years. "but fundamentals". None of that matters here. The main reason for this price drop was obviously the bear market and bitcoins recovery, however, something unexpected occurred after breaking 0.01 and that was massive margin liquidations. People who believe so strongly in monero that they'd leveraged up beyond reason were sadly getting crushed. The price went far lower than they expected and they were forced to let their coins go at the worst possible time. I think we may be in, or entering capitulation at this stage. When the price was far higher I estimated a "worst-case" target to be ~0.007. Therefore I started buying at ~0.01 and decided to go in quite significantly around these levels we are now. I don't try to time exact bottoms, that is a fool's game and impossible at the scale I operate on anyway. There is still a risk that a continued bitcoin rally could put further pressure on altcoins. But what we're seeing here is unprecedented and the upside is now far greater. So from a risk/reward perspective, while the price could drop fruther, I think betting on further downside now is a bet with very high risk of missing out. If I've learned anything from more than half a decade trading alts, it's that when the market turns, it turns quickly. If I'm not positioned by then, I won't have time to. There is something different this time though. I've always been a bitcoin holder. That is, I hold majority of my funds in bitcoin, rarely going below 70%. Not this time. I have decided to follow my own altcoin prediction to the fullest and increase my altcoin share significantly. In fact, I am, as of today more than 80% in altcoins and ready to increase that further. Monero just became my second largest holding. I haven't owned this much monero since during the xmrbtc rally in 2016. Exciting times ahead. Or horrible misery  Well said TK2 |
|
|
|
|
Das kommt halt davon wenn die Communities sich gegenseitig nichts gönnen ... Shitstorm aus Eifersucht weil Monero und nicht CoinXYZ gelistet wurde und bäm war es wieder weg.
|
|
|
|
XMR hits USD 100 and nobody saying anything?! Come on people
+1 4u but... We are back to valuing in BTC.  Not sure about you, but I buy my lambos with dollars. Joking aside, isn't it a bit ironic how many of us here (not everyone) believe XMR to be superior to BTC, yet use BTC to measure XMR's value? Not that USD is necessarily better, but it makes the most sense as a "real world" equivalent value comparison. Well comparing it to BTC instead of Fiat shows that we are HUGELY undervalued, or does anybody he think monero, the community and etc is only worth 1/100 of btc ? Doesn`t need to be superior still the comparison lacks when monero is only 1/100 btc |
|
|
|
What if graphics card companies are testing their new cards? isn't that also unfair?
Someone will always have more money for the better hardware
Difference is ... GPU's are commodity , ASICs are not ... i can buy a GPU in my local store or on amazon without any probs ... meanwhile ASICs are limited. |
|
|
|
So the guy who can't prove he's Satoshi is going to prove who everyone else is? I'm wondering what a psychoanalyst would make of that...
On a practical note, those 3 systems work in very different ways, so wouldn't he need 3 separate mechanisms for analysis? I guess we'll have to wait the year out biting our nails in feverish anticipation for doom's day or purchase whatever is sure to be the "better" solution. Crypto has anhilated my faith in mankind's motives--which isn't a bad thing, just makes me long for my youthful ignorance.
This was my first thought as well. The fact that all three of those privacy projects use very different techniques means a unified solution to uncover them all and also throwing Tor in the mix on top of that seems pretty disingenuous. This is the reason that I think he's actually throwing this out for one of two other reasons. One... just to make other projects outside of Bitcoin SV look bad or two... he's wanting to depress the price in the so-called privacy sector for some other reason. I am tempted to say he is just talking out of his ass. But actually I think the guy is a little bit too crafty for just that. I think he and Calvin Aire and possibly even Jihan and Ver are making moves. XMR is currently in rollercoaster mode. i read somewhere that it's probably some kind of tx and ip tracking tool so basically some kind of mapping ... no clue how he want's to proof anything special on monero though if this would be the case... is he full of shit... probably. |
|
|
|
Wanna bet  Some people never change |
|
|
|
This guy is actually amazing. His first interview and podcast was about Monero and was only 8 months ago but he totally dont get it. Indeed he doesn't. Unfortunate people like this collect followers with a similar lack of comprehension skills and cognitive capacity; followers looking for that which chimes with their erroneous opinions and reinforces their confirmation bias. Evidently. The irony is that he is even selling courses afaik in his "school" |
|
|
|
Lol ? What a pile of shit this is ... what is his reason ? Monero is not money? WTF Monero is the ONLY MONEY. It's the only fungible coin. Demand gives sth a price. If monero was about to be banned it still would have value in the dark markets, a way lower value than now ... but still value ... so alone "Monero is not money" is a very stupid point. Just another bitcoin maximalist bullshit video. "Everything can go into bitcoin" yeah everything went so well with bitcoin and we don't have BTC or BCH now ... even being AN INDEPENDENT CHAIN from btc codebase and the btc shenanigans is worth a value.. |
|
|
|
No matter how much we all want it - the future will be managed by decentralized megacorporations. Here in this movie and about the decentralized power too it is told as its device will be reduced to one person.
Sometimes I wish we could ban signature campaigns in here, like in the WO. Might reduce inane noise a little... Report that post as off topic spam. They are getting good at removing them. Thanks, still sad to that we lost dream... afaik it the biggest at the moment... and just because some silly bug that they also could have avoided on their own by cross-checking with their balance
That was weak letting that through. I was quite surprised it slipped through. Guess reddit doesn't supply decent beta testers, what a surprise.  No I also blame the exchanges, wallet providers for that bug ... why rely solely on get_transfers when you could have double checked it with the actual balance like ( incoming transfer ok - does it add with the balance ok -> money deposit succesful... i mean it is a lot of money ^^ |
|
|
|
das wird nochmal interessant  Bulletproofs coming to #Monero ! Live Countdown http://xmr.noctism.com/ With bulletproofs fees will be reduced by ~80%, the blockchain growth will be smaller and the network faster! 22 days to go. #XMR Monero Network Upgrade(Hard Fork) Countdown Monero issues regularly scheduled hard forks, which are upgrades to the Monero network. The upcoming v8 hard fork will enable bulletproofs, with v9 making bulletproofs mandatory. http://xmr.noctism.com/Und wir sind live  |
|
|
|
Thats from last year - and Dream doesn't accept monero anymore after the counting bug. My bad - saw it on someone else's feed. Didn't look at date. Wrongly assumed.... *slinks into dark corner to hide shame... EDIT: Merit sent - anyone who keeps this place honest and tidy deserves one. Thanks, still sad to that we lost dream... afaik it the biggest at the moment... and just because some silly bug that they also could have avoided on their own by cross-checking with their balance |
|
|
|
When did that happen? Monero has quite a bad track record when it comes to vulnerabilities and bugs, how about Dash...? ... exactly... The marketcap surely seems to disagree with you, and you seem to value marketcap indication... So the question stands... As your an old-timer you should know that there have been atleast one or two "sporks" ( ridicolous that this can even exist, talk about centralised ) in the past... preaching to the clueless here. |
|
|
|
Thats from last year - and Dream doesn't accept monero anymore after the counting bug. |
|
|
|
I still think it can fall another 80%. I have a few buy orders down in the $30 dollar range myself but I'm only using a small portion of my funds. The only two coins I trust are bitcoin and ethereum. Monero is too much of a low cap for me to put a large amount of money into it. Its a coin you want ot trade quick for profits, he is not fit to hold like bitcoin.
Joined January 2017... and only trusting BTC and ETH ... much of a hype boy you are.... actually montero was one of the more stable coins in the past months so "fit to hold" is actually a fit. |
|
|
|
|
I wouldn't expect anything... markets don't really care for technical stuff hype wise ... technical stuff rather imbeds itself long-term little by little into the price.
|
|
|
|
Monero has a differenet definition of "Eternal September" |
|
|
|
|
Seems like bitcointalk is dying ... i had to look really hard to find this thread buried on page 6 or something
|
|
|
|
Dream market claims there is a flaw in xmr protocol. Something we should be worried about ?
Not at all ... seems like they just hit a bug in the old wallet, if it's that it's already fixed in the new point release |
|
|
|
Price action doesn't look good to be honest, with every small BTC drop XMR goes down but when BTC recovers there isn't much recovering for XMR, the ratio keeps getting crushed.
No... it has not been a nice ride recently. Hard to watch. It will go up... just wait it out ... on every harder drop there has been buyers accumulating IMO |
|
|
|
|
Show Posts
