[XMR] Monero Speculation

[nioc]

Well I'm glad to see Monero up a bit.
Maybe people are starting to realize Zcash won't totally kill the market and that Monero is a solid technology?

Maybe it's painfully obvious that if you go back to the same levels BEFORE the pump even started -- 0.06/btc -- a price that was steady when there were NO DNM's using Monero.... it's probably a sign that XMR has been oversold and this is probably a good entry point.

RingCT and GUI is still yet to be released, as far as I know. There is plenty of room for growth from here. The market can still be irrational and re-visit 0.06 or even dip down to 0.04 as BTC keeps looking hella bullish. But for long term 0.06-0.08 is solid imo.

It also helps that Zcash is turning out to be a disaster... what kind of idiot would support a coin where founders get 20% of all supply lmao. RingCT essentially gives Monero the same features as Zcash

I think you are missing a zero just to the right of the decimal.

Monero opened this year @ 0.001142 so we are up ~715% since then vs btc and btc is up ~62% vs USD so......hold on I have to take off my shoes.

And no the pump started before 0.006, around 0.00420  and there was obvious upwards pressure before the pump.


I can say what has happened but as far as what will happen I can say little except............overall up over the long term, unlike almost every coin.

[smooth]

How does all of this impact Monero? Well ZCash has become a rather interesting and somewhat entertaining side show. It may have a small positive impact on Monero because of the launch fiasco.

Also the usability (RAM/CPU resources) comparison will be made, and Monero will come out ahead easily. As you say this is a medium term concern likely fixed by improved technology longer term, but for now it will be mild to moderate positive for Monero.

[ArticMine]

...

I can't find a good answer on how much RAM Zcash requires for its anonymous transactions. Do you happen to know? Also, how bad is it as far as CPU usage? I've seen claims that Zcash can't be used on mobile devices due to these requirements.

According to the user guide 4 GB of Free RAM https://github.com/zcash/zcash/wiki/1.0-User-Guide. To allow for the OS and any other applications this means 6 GB RAM minimum 8 GB RAM or greater typical. So forget 32bit systems (desktop or mobile) including most phones, tablets etc. See also https://monero.stackexchange.com/questions/1112/monero-ram-requirements-compared-with-zcash and links therein.

[OrangeP]

Lalalala 30% again. Time for new furniture.

[iCEBREAKER]

what kind of idiot would support a coin where founders get 20% of all supply lmao.

https://bitcointalk.org/index.php?topic=421615.0;topicseen

[smooth]

I can't find a good answer on how much RAM Zcash requires for its anonymous transactions. Do you happen to know? Also, how bad is it as far as CPU usage? I've seen claims that Zcash can't be used on mobile devices due to these requirements.

I'm not sure about the RAM requirements.

The last estimate I saw was taking about a minute of CPU time for transaction on a desktop. That probably varies depends on specs, but it will very likely be longer and certainly be a high battery drain on mobile.

[Hueristic]

what kind of idiot would support a coin where founders get 20% of all supply lmao.

https://bitcointalk.org/index.php?topic=421615.0;topicseen

I gotta say I laughed. Feels like ancient history now. )

[LennyCarl]

I would like to give a shout out to these prognosticators for predicting the "great capitulation". They convinced me to sell a few hundred moneros   I trusted you, man! LOL

Oh well, let's see what tomorrow and rest of week brings (0.004x could still happen?)...hopefully I can buy them back close to where I sold them, at least.

Anyone care to speculate on price and this bear market...?

Risto flipped to 'maybe 0.004', Aminorex is sadly absent.  We have seen bottoms below where I expected (I can't be alone in that), so it's tough for all of us who know Monero is sound and will rise again - but is all speculation dead while BTC looks this bullish?

Are we just waiting...?

My thoughts?: 

I have said here and elsewhere that I can't see a serious rise for a while - probably not even until Spring.

But does anyone want to polish their crystal ball and take a guess at where the bottom is or even when stability will come...  And will we hold value in USD terms even if BTC does moon...?

This is Monero Speculation, right? 

Anyone who thinks this is going anywhere right now other than to the 0.004x range is blind, stupid or both.

And,

I can't fight the feeling that we'll see the capitulation now.

Well my gut is not always correct but sometimes it is 

[nanobrain]

I would like to give a shout out to these prognosticators for predicting the "great capitulation". They convinced me to sell a few hundred moneros   I trusted you, man! LOL

Oh well, let's see what tomorrow and rest of week brings (0.004x could still happen?)...hopefully I can buy them back close to where I sold them, at least.

Anyone care to speculate on price and this bear market...?

Risto flipped to 'maybe 0.004', Aminorex is sadly absent.  We have seen bottoms below where I expected (I can't be alone in that), so it's tough for all of us who know Monero is sound and will rise again - but is all speculation dead while BTC looks this bullish?

Are we just waiting...?

My thoughts?: 

I have said here and elsewhere that I can't see a serious rise for a while - probably not even until Spring.

But does anyone want to polish their crystal ball and take a guess at where the bottom is or even when stability will come...  And will we hold value in USD terms even if BTC does moon...?

This is Monero Speculation, right? 

Anyone who thinks this is going anywhere right now other than to the 0.004x range is blind, stupid or both.

And,

I can't fight the feeling that we'll see the capitulation now.

Well my gut is not always correct but sometimes it is 

I'd be surprised if this is a true reversal -- we haven't really tested a low with high volume yet.

However, XMR is way oversold and the fundamentals remain sound.

So.........?

When in doubt, do nowt (as they say in Yorkshire).

[smoothie]

...

I can't find a good answer on how much RAM Zcash requires for its anonymous transactions. Do you happen to know? Also, how bad is it as far as CPU usage? I've seen claims that Zcash can't be used on mobile devices due to these requirements.

According to the user guide 4 GB of Free RAM https://github.com/zcash/zcash/wiki/1.0-User-Guide. To allow for the OS and any other applications this means 6 GB RAM minimum 8 GB RAM or greater typical. So forget 32bit systems (desktop or mobile) including most phones, tablets etc. See also https://monero.stackexchange.com/questions/1112/monero-ram-requirements-compared-with-zcash and links therein.

Based on your post above that means zcash has a much more limited adoption ability when it comes to the end-user. Nice.

[bitebits]

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.


I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

[cryptimus prime]

I would like to give a shout out to these prognosticators for predicting the "great capitulation". They convinced me to sell a few hundred moneros   I trusted you, man! LOL

He said capitulation is coming, but not who will surrender. 

It was pretty obvious that XMR would not fall below the prepump price.

[bitebits]

I would like to give a shout out to these prognosticators for predicting the "great capitulation". They convinced me to sell a few hundred moneros   I trusted you, man! LOL

He said capitulation is coming, but not who will surrender. 

It was pretty obvious that XMR would not fall below the prepump price.

Maybe Risto is becoming a good reverse indicator. More likely he is talking his book, and in that case you never know. So again the general rule applies to not take financial advice from internet strangers (or from anyone really if you ask me):

https://bitcointalk.org/index.php?topic=753252.msg16608968#msg16608968

[hadung198]

XMR go to the moon!

[freedomgo]

I love what i am seeing now, we should be happy guys, monero is skyrocketing again.. I like the price to go again at 0.02 level. Any idea why is this happening now? Is it worth to buy again or wait?

[kurious]

Volume is tasty....

We need to properly break 0.01 again to say the bear run is truly over, but this volume spike is very positive.

It does show that XMR can turn on a sixpence and any decent good news could be epic.  I still think a new rise to the real heights will need patience.  Variables are of course GUI and BTC.

Zcash threat looks to be have been weathered, though.  It's looking a bit 'meh..' Monero doesn't care.

[rpietila]

It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.

If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).

I don't usually consider shorting XMR but this is one of the rare occasions.

[dEBRUYNE]

It is bordering insanity to buy now. We are right at resistance and the VWAs are coming to meet us from above.

If you are out, a much better bet is buy when the resistance is cleared (let's say 0.012) or we descend to the last week lows (0.0058) or the support (0.0042).

I don't usually consider shorting XMR but this is one of the rare occasions.

Shorting when we just broke out of the exponential downtrend of 2 months seems a bit unwise. In addition, the daily MACD flipped to green.

[Bagatell]

and the daily pSAR just flipped to bullish

[bobabouey2]

Zcash's technical difficulties can be solved over time.

What can't be solved is the 'trusted setup'. A 100% no go if you use the coin for it's fungibility and privacy. Who wants to risk jail time or life based on trusting six people? I rather trust the math and maybe myself to some extend, although external pressure goes a long way. A 5$ wrench comes to mind.

Additionally the 20% cut to the founders of every block found, for four years, can only fixed by forking. Which I would encourage.


I just don't understand the hype, except for traders and speculators trying to earn some extra BTC / XMR / USD.

FWIW, if the trusted setup fails, privacy is apparently not compromised.  The "only" problem is that anyone who possesses the toxic waste from the trusted setup could create infinite coins for nothing.  And, no-one would know about that supply.  Zooko's proposed solution to verifying this has not happened is to force people to periodically move all hidden coins to the public blockchain, or lose those coins.