[XMR] Monero Speculation

[explorer]

So, here's a question...

While I don't like what BTC is or is becoming these days, I don't buy into the theory it is "dead".  So, what happens to XMR when/if BTC decides to increase in price?

Will the XMR/BTC market readjust or will a 'rising tide raise all boats'?

Or will XMR bring new money into BTC, even?

Definitely have to disagree with explorer on that one. There has always been a strong anti-correlation between the prices of btc and monero. Monero could still rise in a rising btc environment to be sure, but probably always less than it would have in a falling btc environment.

Perhaps.  I used to firmly believe that BTC needed to succeed wildly for XMR to follow suit.  To rely on the compounding effect.  Now I'm not sure at all.  Sitting here at  0.01979 BTC  with an open USDXMR market and surely more to follow is eye opening.  Snowball mode indeed!

[tifozi]

So, here's a question...

While I don't like what BTC is or is becoming these days, I don't buy into the theory it is "dead".  So, what happens to XMR when/if BTC decides to increase in price?

Will the XMR/BTC market readjust or will a 'rising tide raise all boats'?

Or will XMR bring new money into BTC, even?

Definitely have to disagree with explorer on that one. There has always been a strong anti-correlation between the prices of btc and monero. Monero could still rise in a rising btc environment to be sure, but probably always less than it would have in a falling btc environment.

I was also a firm believer in the inverse correlation in the past, but the variables have changed completely and this will no longer hold true. A BTC rise may be met with a brief pause but expect XMR to rocket after that.

And here we go ...0.02 incoming

Edit: Done on massive buys

[explorer]

BAM! ATH again.

And now is the time that I am SO glad I didn't penny pinch. It was for exactly this reason. I could smell that explosion coming.

Nice one.  I'm down to a final colour choice for my new truck 

[tifozi]

Checkmate

XMR overtakes DASH on a $ basis after a long drawn out market.

[explorer]

battling .02 at there's still 6K BTC on the book.

edit:  not much of a battle. Hello, .0213 0.02144

[nanobrain]

Y'know how Risto said the rises are logarithmic and the next stop was .04.....

I'm sure he didn't mean by Sunday.

[EDIT] it look like most of the most of the sell side is still asleep...peeps are going to awake and clear a path

[explorer]

Y'know how Risto said the rises are logarithmic and the next stop was .04.....

I'm sure he didn't mean by Sunday.

LOL I was just looking for that post, as it appears to be on target 

Bid sum is BUILDING.

edit:  going to hit 7K btc any minute.  I remember being concerned when it dropped under  300 and amazed by 1k earlier this year.  Crazy.  Crazy cool.

[tifozi]

battling .02 at there's still 6K BTC on the book.

edit:  not much of a battle. Hello, .0213

Looks like the target is the LTC marketcap which will happen @ $14.10 (everything else remaining same, can happen sooner if LTC slips on its own), which will also mean surpassing dETH token value. I expect $15 with this run but settling above dETH before the next legs.

[starmman]

Wow, XMR is up by 45% in 24 hours and currently up to 0.021 - didn't expect to see that so quickly. Awesome. Just a pity I sold a good chunk of mine at 0.014, was expecting a contraction to to 0.01 before another rise.

[Anon136]

Roger Ver to be the worlds first crypto billionaire.

[tifozi]

Closing in on 7000 BTC on the bid side (first time ever). I want to see 10K individual buy walls so this is nothing.

Edit: Also looks like almost 50K XMRs gone from the sell side. No one will sell cheap Moneros anymore it seems.

[explorer]

Runaway TRAIN!

Fascinating, the bid sum never gets depleted. 
I need sleep, have to work tomorrow.  Of course, calling in sick and going truck shopping might be more fun...

[nanobrain]

New ATH 0.02379205 

[starmman]

Closing in on 7000 BTC on the bid side (first time ever). I want to see 10K individual buy walls so this is nothing.

Edit: Also looks like almost 50K XMRs gone from the sell side. No one will sell cheap Moneros anymore it seems.

The buy chain looks awesome, there is so much demand for XMR =)

[explorer]

Poloniex trollbox - Moonero: XMR is some kind of magical Tesla cow that just gives you Teslas every day. w o w

 

[nanobrain]

Closing in on 7000 BTC on the bid side (first time ever). I want to see 10K individual buy walls so this is nothing.

Edit: Also looks like almost 50K XMRs gone from the sell side. No one will sell cheap Moneros anymore it seems.

The buy chain looks awesome, there is so much demand for XMR =)

Big demand + limited supply = Moonero

[novag]

We are going to 0.1BTC

[nanobrain]

ATH is not broken without a breather. I give 50%+ odds that it will be broken though. And remember that the rise is logarithmic, we are not going to 0.025 or 0.030 but 0.040 before the next plateau.

It is important to realize which rules apply. I am seeing a lot of late 2010 here.

All hail Risto, etc x 3

[explorer]

Closing in on 7000 BTC on the bid side (first time ever). I want to see 10K individual buy walls so this is nothing.

Edit: Also looks like almost 50K XMRs gone from the sell side. No one will sell cheap Moneros anymore it seems.

Pretty sure we've hit 7k more than once this run up.

[tifozi]

ATH is not broken without a breather. I give 50%+ odds that it will be broken though. And remember that the rise is logarithmic, we are not going to 0.025 or 0.030 but 0.040 before the next plateau.

It is important to realize which rules apply. I am seeing a lot of late 2010 here.

All hail Risto, etc x 3

I had to read that twice before posting to "correct" @rpietila Seems that won't be necessary  

Edit: People are forgetting what happened last weekend. And this just happens to be a long weekend in the US.


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