[XMR] Monero Speculation

[cryptimus prime]

It is interesting to observe that after the last pump and correction XMR has stabilized around above 100 USD pretty nice. We will see if this floor can be the basis for another jump when light wallets and other updates and news follow.

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[explorer]

It is interesting to observe that after the last pump and correction XMR has stabilized around above 100 USD pretty nice. We will see if this floor can be the basis for another jump when light wallets and other updates and news follow.

Usability is improving rapidly, and just 2 minutes ago, the block reward got smaller.  Oops, there it goes again!  Get 'em while you can 

[cryptimus prime]

Yes the sharp drop in emission during 2017 and 2018 will be fueling the price rise and stability of the price.

[kurious]

Looks like we have de-coupled from BTC in one respect.

In the last couple of weeks the XMR/BTC price has risen with (and fallen with) BTC's rises and falls.  Now we seem to be back to a BTC up, we go down in terms of XMR /BTC and vice versa.

This is more 'normal' and means a more stable XMR /USD price, but it does mean those of us who hold both are not suffering the double whammy when BTC dips, although we are potentially losing out on BTC rises of course.

I would prefer XMR to set its own price in USD, as I do think the upside, with the (as CP's post above mentiones) emission reduction, is looking good.

Now we might be able to see XMR slingshot up with some positive news and not be held entirely to what BTC does.

[johnalan]

Looks like we have de-coupled from BTC in one respect.

In the last couple of weeks the XMR/BTC price has risen with (and fallen with) BTC's rises and falls.  Now we seem to be back to a BTC up, we go down in terms of XMR /BTC and vice versa.

This is more 'normal' and means a more stable XMR /USD price, but it does mean those of us who hold both are not suffering the double whammy when BTC dips, although we are potentially losing out on BTC rises of course.

I would prefer XMR to set its own price in USD, as I do think the upside, with the (as CP's post above mentiones) emission reduction, is looking good.

Now we might be able to see XMR slingshot up with some positive news and not be held entirely to what BTC does.

Yes would be interesting to see XMR slingshot up.

Some old timers here have predicted this by end of October.

[kurious]

Looks like we have de-coupled from BTC in one respect.

In the last couple of weeks the XMR/BTC price has risen with (and fallen with) BTC's rises and falls.  Now we seem to be back to a BTC up, we go down in terms of XMR /BTC and vice versa.

This is more 'normal' and means a more stable XMR /USD price, but it does mean those of us who hold both are not suffering the double whammy when BTC dips, although we are potentially losing out on BTC rises of course.

I would prefer XMR to set its own price in USD, as I do think the upside, with the (as CP's post above mentiones) emission reduction, is looking good.

Now we might be able to see XMR slingshot up with some positive news and not be held entirely to what BTC does.

Yes would be interesting to see XMR slingshot up.

Some old timers here have predicted this by end of October.

With less coins spread over more exchanges and XMR in rude health, I wouldn't rule another spike out.

Spikes in the XMR price used to be twice a year, but we're in the top 10 market cap and (arguably) worthy of a higher position in it - and rises have become more frequent with floors staying higher after them. 

I think Q1 2018 will be great for ALL crypto, as finally it is looking increasingly likely ETFs will be approved for BTC - meaning the big fund money is coming.  A 'front-run' move to accumulate coins that are likely to be at the head of the pack ahead of this must reasonably be a possibility on the cards.

The smallest bit of positive XMR news will see upwards pressure on price at a time when there simply are not enough to go around. 

So Rangedriver is not talking out of his hat about 'silly' prices - a move up is entirely plausible at ANY time.  Don't be caught short, IMHO.

[johnalan]

Looks like we have de-coupled from BTC in one respect.

In the last couple of weeks the XMR/BTC price has risen with (and fallen with) BTC's rises and falls.  Now we seem to be back to a BTC up, we go down in terms of XMR /BTC and vice versa.

This is more 'normal' and means a more stable XMR /USD price, but it does mean those of us who hold both are not suffering the double whammy when BTC dips, although we are potentially losing out on BTC rises of course.

I would prefer XMR to set its own price in USD, as I do think the upside, with the (as CP's post above mentiones) emission reduction, is looking good.

Now we might be able to see XMR slingshot up with some positive news and not be held entirely to what BTC does.

Yes would be interesting to see XMR slingshot up.

Some old timers here have predicted this by end of October.

With less coins spread over more exchanges and XMR in rude health, I wouldn't rule another spike out.

Spikes in the XMR price used to be twice a year, but we're in the top 10 market cap and (arguably) worthy of a higher position in it - and rises have become more frequent with floors staying higher after them. 

I think Q1 2018 will be great for ALL crypto, as finally it is looking increasingly likely ETFs will be approved for BTC - meaning the big fund money is coming.  A 'front-run' move to accumulate coins that are likely to be at the head of the pack ahead of this must reasonably be a possibility on the cards.

The smallest bit of positive XMR news will see upwards pressure on price at a time when there simply are not enough to go around. 

So Rangedriver is not talking out of his hat about 'silly' prices - a move up is entirely plausible at ANY time.  Don't be caught short, IMHO.

I agree it could happen at any moment. I think Rangedriver was guessing at 0.07 for next target.

I believe it could happen, especially when you see XRP with 8B$ mcap. XMR is unquestionably superior in every facet.

An 8bn mcap on XMR would be ~0.08 or 500usd.

I would not be surprised to see this shortly. I mean Let's get real, does anyone really think Ripple is 4x the value of XMR?

[Raja_MBZ]

Monero has been hanging out with $110-$115 for a few days now. It seems like it ain't ready to go down anymore, just like bitcoin isn't ready to go less than $4150-$4200.

It's still pretty much paired with bitcoin, and I'm guessing that bitcoin is going to recover up till $4700 soon and monero will follow its path to ~$140 as well.

[Billy Bunter]

Excellent podcast interview with Kyle Bass. It's worth listening to the entire thing, especially his opinions on the Chinese economy, but if you're interested in what he has to say about Bitcoin as an asset class, then jump to 36 minutes.

He's clearly an intelligent, educated investor. Essentially, he posits that until there is an institutional custodial framework in place for digital assets and an insurable custodial relationship that satisfies securities rules for pension funds, endowments and hedge funds, we won't see a large movement from those entities into Bitcoin. But he believes those frameworks are being built and that not only will we see digital assets being valued at, at least, a trillion dollars but that a lot of that increase will happen in one big step function change in valuation.

http://adventuresinfinance.realvision.libsynpro.com/website/32-season-2-premier-kyle-bass

[johnalan]

Excellent podcast interview with Kyle Bass. It's worth listening to the entire thing, especially his opinions on the Chinese economy, but if you're interested in what he has to say about Bitcoin as an asset class, then jump to 36 minutes.

He's clearly an intelligent, educated investor. Essentially, he posits that until there is an institutional custodial framework in place for digital assets and an insurable custodial relationship that satisfies securities rules for pension funds, endowments and hedge funds, we won't see a large movement from those entities into Bitcoin. But he believes those frameworks are being built and that not only will we see digital assets being valued at, at least, a trillion dollars but that a lot of that increase will happen in one big step function change in valuation.

http://adventuresinfinance.realvision.libsynpro.com/website/32-season-2-premier-kyle-bass

Very interesting, so a 5x or so increase in one impulse? Did he give a timeframe for his postulation?

[Billy Bunter]

Excellent podcast interview with Kyle Bass. It's worth listening to the entire thing, especially his opinions on the Chinese economy, but if you're interested in what he has to say about Bitcoin as an asset class, then jump to 36 minutes.

He's clearly an intelligent, educated investor. Essentially, he posits that until there is an institutional custodial framework in place for digital assets and an insurable custodial relationship that satisfies securities rules for pension funds, endowments and hedge funds, we won't see a large movement from those entities into Bitcoin. But he believes those frameworks are being built and that not only will we see digital assets being valued at, at least, a trillion dollars but that a lot of that increase will happen in one big step function change in valuation.

http://adventuresinfinance.realvision.libsynpro.com/website/32-season-2-premier-kyle-bass

Very interesting, so a 5x or so increase in one impulse? Did he give a timeframe for his postulation?

No, afraid not.

He does have some dire predictions for the Chinese economy and believes that maybe they can hold out for another couple of years at most. If his predictions are accurate, I wonder how that will affect Bitcoin et al?

[Nathan047]

Excellent podcast interview with Kyle Bass. It's worth listening to the entire thing, especially his opinions on the Chinese economy, but if you're interested in what he has to say about Bitcoin as an asset class, then jump to 36 minutes.

He's clearly an intelligent, educated investor. Essentially, he posits that until there is an institutional custodial framework in place for digital assets and an insurable custodial relationship that satisfies securities rules for pension funds, endowments and hedge funds, we won't see a large movement from those entities into Bitcoin. But he believes those frameworks are being built and that not only will we see digital assets being valued at, at least, a trillion dollars but that a lot of that increase will happen in one big step function change in valuation.

http://adventuresinfinance.realvision.libsynpro.com/website/32-season-2-premier-kyle-bass

He does have some dire predictions for the Chinese economy and believes that maybe they can hold out for another couple of years at most. If his predictions are accurate, I wonder how that will affect Bitcoin et al?

So I haven't actually listened to it yet, but I did just download it and I’m planning on listening to it when I work a little later today (I’m doing physical labor part time, so at least I can listen to podcasts while I work).

From your post it looks like it’s going to be very interesting and make some pretty big predictions. Also, I can guess that if the Yen were to collapse it’d really give Bitcoin a nice boost.

[rangedriver]

I agree it could happen at any moment. I think Rangedriver was guessing at 0.07 for next target.

We'll soon see.

[KeyJockey]

Looks to me like we have a test of support @ the late 2013 high ahead of us, then some consolidation, before further ATHs.

Hmm, really?  I dunno, lets consider both possibilities i.e. either a slow-bleedout crash like after 2013 back down to $1000 (before rise again presumably) OR this is only a lull in the faster-rising trend we've seen for the last several months, i.e. it's about to soon hit a major zoom-up like the late 2013 fast-bubble...

Crash-Bleed would look like this :



Fast-Bubble would look like this :



Yes, yes "past performance no guarantee of future results" yadda yadda but people still look at charts this way, right or wrong, LOL

Maybe I'm being too optimistic (again) but to ME, the bubble-line looks more consistent than the crash-line would be...

OR, really, even if the line just stays more or less kinda-sorta in the middle?  That'd be just fine

[KiXiNiT]

I agree it could happen at any moment. I think Rangedriver was guessing at 0.07 for next target.

We'll soon see.

Or.. y'know we won't see for a very long time, if at all.

[elrippos friend]

Looks to me like we have a test of support @ the late 2013 high ahead of us, then some consolidation, before further ATHs.

Hmm, really?  I dunno, lets consider both possibilities i.e. either a slow-bleedout crash like after 2013 back down to $1000 (before rise again presumably) OR this is only a lull in the faster-rising trend we've seen for the last several months, i.e. it's about to soon hit a major zoom-up like the late 2013 fast-bubble...

Crash-Bleed would look like this :



Fast-Bubble would look like this :



Yes, yes "past performance no guarantee of future results" yadda yadda but people still look at charts this way, right or wrong, LOL

Maybe I'm being too optimistic (again) but to ME, the bubble-line looks more consistent than the crash-line would be...

OR, really, even if the line just stays more or less kinda-sorta in the middle?  That'd be just fine

Why compairing to BTC, i do not think we correlate towards BTC

[Stedsm]

I see how XMR managed to make it above 0.035 but the rivers of blood didn't let it be there for more than a day or two, but I am extremely happy that XMR is keeping up with a price tag of above 0.027 atm. I am an XMR miner and I am currently in profits but I think I should hold till it reaches 0.07 because I believe it should break 300 usd tag any time in the future, what do you say mates? Shall I hold or just sell them off?

[jwinterm]

I see how XMR managed to make it above 0.035 but the rivers of blood didn't let it be there for more than a day or two, but I am extremely happy that XMR is keeping up with a price tag of above 0.027 atm. I am an XMR miner and I am currently in profits but I think I should hold till it reaches 0.07 because I believe it should break 300 usd tag any time in the future, what do you say mates? Shall I hold or just sell them off?

If you're on the fence, why not sell half and hold the rest to see what happens? Personally I think it's going to probably stay mostly flat versus BTC for next few months.

[Stedsm]

I see how XMR managed to make it above 0.035 but the rivers of blood didn't let it be there for more than a day or two, but I am extremely happy that XMR is keeping up with a price tag of above 0.027 atm. I am an XMR miner and I am currently in profits but I think I should hold till it reaches 0.07 because I believe it should break 300 usd tag any time in the future, what do you say mates? Shall I hold or just sell them off?

If you're on the fence, why not sell half and hold the rest to see what happens? Personally I think it's going to probably stay mostly flat versus BTC for next few months.

Fence!? Umm, not really. I feel I can wait for some time more but don't know till when because casualties arrive without questioning and I may need to get out at that time. That's why I felt to know whether I should wait or not, or it may go more down? A bit confused with my own decision so just thinking of waiting atm and see how it goes for at least 2-3 months. What do you say? Shall I wait that much? I mean will waiting harm my portfolio? Do you think the price may be negotiated downside a bit more?

[KeyJockey]

Why compairing to BTC, i do not think we correlate towards BTC

Sorry for confusion: the BTC charts I posted were intended in furtherance of the last couple pages ongoing discussion of the current state of crypto-market IN GENERAL (which I believe most people still consider BTC to be the larger proxy for).

This stuff isn't Monero-specific except as also discussed IF or WHEN perhaps XMR won't be affected by 'larger trends' in crypto as a whole.

Personally I believe if there's a BTC downturn or even an overall-crypto downturn, that Monero will be the last/least affected by it.

XMR's been so undervalued and under-appreciated and under-understood (if not outright mis-understood) that everything else could be going down but Monero as priced in dollar-value could stay the same or even keep going UP