[XMR] Monero Speculation

[tokeweed]

I'd been a bit worried about how much my overall crypto portfolio has actually been going "down" as measured in BTC value lately... even all the while it's continued to go UP quite a bit as measured in DOLLAR value terms.

In previous months I'd gotten used to seeing BOTH measures going steadily UP: so this was a concerning change, something I felt I needed to pay attention to, figure out what's up...

Looking into it, I could only conclude that maybe I'm too heavily exposed to XMR...?

In other words, Monero "lagging" and lately "only holding" it's recent steady $45-$50 range is perhaps solely responsible for this "actually going down in bitcoin value" total portfolio, all the while BTC itself has been mini-mooning after the successful hard fork?

Uh oh...!

Then, believe it or not I was actually considering 'cutting my losses' (or more accurately cutting lack-of-gainers?)

I started thinking about moving some of the XMR back into BTC/BCH... Sacrilege!!    

BUT THEN, I came here to this trusty good ol' Monero Speculation thread and saw ALL the TROLLS had come BACK trying to PLY their TRADE!

LOL    

SO?  Crisis averted.  Leaving everything alone.  This Is Fine... HoneyPony? Carry on...

P.S. I estimated that -- for me, and for my current overall portfolio balance -- XMR would *only* need to achieve about $66 price in dollar value to re-gain ALL the "lagging losses" that it's responsible for, in my whole portfolio... i.e. for the BTC measure to return at least to where it was previously and the "dollar value" number to go still higher.

That seems more than easy enough to achieve, to me... never mind when XMR actually finally gets to three-figures $100+ ...it'll be Party Time, indeed  

If you measure everything in Bitcoin value then the most sensible thing to do is to hold everything in Bitcoin.  It's the one gaining the most value, taking away some value from the alts.

But if you're measuring some cryptocurrencies in fiat then it still makes sense to hold XMR and LTC since they're still holding their own vs the USD or EUR, etc..

Imo some altcoins are better measured vs fiat.  XMR is one of them.

[1714737787]

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[johnsmithx]

If you measure everything in Bitcoin value then the most sensible thing to do is to hold everything in Bitcoin.  It's the one gaining the most value, taking away some value from the alts.

Really? Since the beginning of this year Ethereum increased its value by more than 4000% while Bitcoin increased its value by more than 400%. How is the 10 times less value increase of Bitcoin "gaining the most value"?

[Febo]

in my opinion xmr should be  worth 300 ish 
the zcash scam is finding gullible new investors daily
and i just cringe when they tell me how great it is ........

It is hard to value XMR for me. Is it worth $300? 
One thing is sure. BTC was way to cheap at $1000-2000, when ETH, ZCash and DASH went to  $200-300. And if XMR would be $300 at that moment I would same say is overvalued compared to BTC.
But now BTC grows and no one knows when it will stop. Should go over $5000 maybe $10000. At that point you will hardly be able to say that BTC looks cheap compared to $300 XMR.

[tokeweed]

If you measure everything in Bitcoin value then the most sensible thing to do is to hold everything in Bitcoin.  It's the one gaining the most value, taking away some value from the alts.

Really? Since the beginning of this year Ethereum increased its value by more than 4000% while Bitcoin increased its value by more than 400%. How is the 10 times less value increase of Bitcoin "gaining the most value"?

What I mean by that is considering the current market conditions.  Are you willing to buy ETH right now?  Shorting ETH or holding Bitcoin are better options.

[novag]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

[pleasures]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

kind of silly to make this comparison just based on the way previous graphs of random assets that are completely different from cryptocurrency. btc is a hedge on the usd itself. i dont really see any of the others being one.

[tokeweed]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

What do you propose?  That we all hold fiat and use that as base value?  Lol.  You go ahead.  I'm happy accumulating Bitcoin thru trading and other stuff. 

I suggest you start looking into XMR too.

[johnsmithx]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

You are fully entitled to your personal opinion but in this particular case don't really expect any serious response because your personal opinion is plain and simply stupid on multiple levels which neither I nor most probably anybody else here will bother to explain.

[DonYo]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

I don't see any bubble yet

[rdnkjdi]

Interestingly - someone on 4chan pointed out that Monero dropped pretty harshly and never recovered after Anonymint released his theoretical attack vectors on Monero.

I dug thru it all, read the dev responses and it seems more of a marketing ploy for the coin he's planning to release.  Which might be a great deal - time will tell.  It always makes sense to read and try to comprehend the most severe critics esp in this space.

https://steemit.com/cryptocurrency/@anonymint/is-monero-s-or-all-anonymity-broken

[cryptimus prime]

I dug thru it all, read the dev responses and it seems more of a marketing ploy for the coin he's planning to release.

He is releasing his coin since years.

XMR has only one competitor, Zcash and that one has a flaw because it has a trusted setup and anonymous transactions are a pain in the ass to do at this moment.

Other pseudoanonymous coins basing on BTC+TOR protocols without obfuscating the blockchain transactions (and are paid shilled) are not even worth to be mentioned as they are technologically vastly inferior.

[strohhirn]

I dug thru it all, read the dev responses and it seems more of a marketing ploy for the coin he's planning to release.

He is releasing his coin since years.

XMR has only one competitor, Zcash and that one has a flaw because it has a trusted setup and anonymous transactions are a pain in the ass to do at this moment.

Other pseudoanonymous coins basing on BTC+TOR protocols without obfuscating the blockchain transactions (and are paid shilled) are not even worth to be mentioned as they are technologically vastly inferior.

What about the breeze wallet with TumbleBit that Stratis is coding. Wouldnt this make Monero huge concurrence, because you can send BTC and Stratis anonymously?

[sui_generis]

Anonymint is obviously shilling for his own coin by dragging all of the competition through the mud. He's been doing it for years. What doesn't make sense is why he thinks attacking others is a more effective use of his time than building his own coin.

[sui_generis]

What about the breeze wallet with TumbleBit that Stratis is coding. Wouldnt this make Monero huge concurrence, because you can send BTC and Stratis anonymously?

No jury rigged solution (transparent chain with sidechains, mixers, etc. tacked on) will ever match the effectiveness of mandatory privacy at the base layer. As long as your base layer is transparent, there will always be a myriad of attacks (e.g. timing attacks) that can result in a loss of privacy. Tumblebit, Mimblewimble, and other similar options would however be very useful for Monero. They would allow some percentage of transactions to be moved off the base layer, thus improving Monero's overall transaction capacity.

[yokosan]

What about the breeze wallet with TumbleBit that Stratis is coding. Wouldnt this make Monero huge concurrence, because you can send BTC and Stratis anonymously?

No jury rigged solution (transparent chain with sidechains, mixers, etc. tacked on) will ever match the effectiveness of mandatory privacy at the base layer. As long as your base layer is transparent, there will always be a myriad of attacks (e.g. timing attacks) that can result in a loss of privacy. Tumblebit, Mimblewimble, and other similar options would however be very useful for Monero. They would allow some percentage of transactions to be moved off the base layer, thus improving Monero's overall transaction capacity.

I agree with your interpretation and your explanation. I think mnx is an important platform support in the future. I don't know when. but this project, I trust you. I'm thinking about investing very little. I'm waiting for bitcoin to calm down. I'm follow and I'm looking forward to it.

[bitstomake]

XMR has only one competitor, Zcash and that one has a flaw because it has a trusted setup and anonymous transactions are a pain in the ass to do at this moment.

Not to mention its ran by an American company, which is totally illogical for a coin which is supposed to be privacy focused.  And that the founder tweeted they could make Zcash traceable for criminals.

Zcash claiming to be anonymous annoyed me to the point I even started a thread trying to get Zcash enthusiasts to dispute all the faults I felt it had..  In my opinion, none of them could/did: https://bitcointalk.org/index.php?topic=2085940.msg20877048

[tokeweed]

Interestingly - someone on 4chan pointed out that Monero dropped pretty harshly and never recovered after Anonymint released his theoretical attack vectors on Monero.

I dug thru it all, read the dev responses and it seems more of a marketing ploy for the coin he's planning to release.  Which might be a great deal - time will tell.  It always makes sense to read and try to comprehend the most severe critics esp in this space.

https://steemit.com/cryptocurrency/@anonymint/is-monero-s-or-all-anonymity-broken

Does anyobody really take Shelby seriously among the older users in this forum.  Sometimes it feels like he's on something everytime he makes one of those long ass posts with the quotes and all.

And do you think he's really capable of building a 'good' cryptocurrency?  The only other crypto I'm looking forward to is Bram Cohen's.

[25hashcoin]

Monero has been outted everywhere now. I'm afraid the future of monero is grim at best. Time to sell.

[novag]

Monero Target almost there for Max Profit

https://www.tradingview.com/chart/XMRUSD/6Ph1jJtO-Monero-Target-almost-there-for-Max-Profit

[uNh0Ly]

There is some media attention to Monero here (CNBC):

https://twitter.com/CNBCFastMoney/status/897945479224446977