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Author Topic: [XMR] Monero Speculation  (Read 3297758 times)
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BitBustah
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June 28, 2019, 09:25:44 PM
 #40941

What happened to monero? Why did he drop so much in value?

It did not drop. It just keep want to have $100 Monero party, so tries to stay there. Almost a stable coin. 6 weeks almost same.

All jokes aside, it is very concerning how low the bitcoin ratio dropped on Monero.  I thought I was getting a good deal at .011 BTC.  I'm going to hold like always but I'm less confident on the recovery this time around.


Also why do people refer to crypto coins as he/him.  Should be,"why did it drop so much in value" not he....
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June 29, 2019, 07:55:15 AM
 #40942

Decoded message from outer space: 

Quote from: that guy
As soon as Bitcoin reaches 20k and new ATH, new hype will start. At that time fresh money will start to pour into Bitcoin and from there into alts.  Right now there is no fresh money. Or very little and Bitcoin grow from altcoins. When this will happen who knows.

The retail investors never came back into the stock market after they got fleeced in 2008. The supply of greater fools is not unlimited. The boomers are getting old and more financially conservative. The Millennials do not have any money.

This turn up for BTC appears to be institutions taking over, as they replace the shitcoins with Facebook’s Libra and then prepare to back Libra with Bitcoin after the Core riff-raff are fleeced with the SegWit donations (c.f. also the BCTalk thread).
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June 29, 2019, 11:14:48 AM
 #40943

What happened to monero? Why did he drop so much in value?

It did not drop. It just keep want to have $100 Monero party, so tries to stay there. Almost a stable coin. 6 weeks almost same.

All jokes aside, it is very concerning how low the bitcoin ratio dropped on Monero.  I thought I was getting a good deal at .011 BTC.  I'm going to hold like always but I'm less confident on the recovery this time around.


Also why do people refer to crypto coins as he/him.  Should be,"why did it drop so much in value" not he....

Basically all alts got slaughtered though. Monero did not really underperform in Bitcoin terms relative to other altcoins.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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June 29, 2019, 11:41:44 AM
 #40944

Decoded message from outer space:  

Quote from: that guy
As soon as Bitcoin reaches 20k and new ATH, new hype will start. At that time fresh money will start to pour into Bitcoin and from there into alts.  Right now there is no fresh money. Or very little and Bitcoin grow from altcoins. When this will happen who knows.

The retail investors never came back into the stock market after they got fleeced in 2008. The supply of greater fools is not unlimited. The boomers are getting old and more financially conservative. The Millennials do not have any money.

This turn up for BTC appears to be institutions taking over, as they replace the shitcoins with Facebook’s Libra and then prepare to back Libra with Bitcoin after the Core riff-raff are fleeced with the SegWit donations (c.f. also the BCTalk thread).

Libra replacing shitcoins is an amusing narrative. Bitcoin maximalists hate altcoins so much they are trying to meme this into existence. Funny how quick they abandon their cypherpunk ideals when the price is going up. They'll take Evil-corps dystopian coin over any legitimate free market competition to their bags.

When do you think they will figure out that a stable coin will never replace altcoin gambling? Price go up is the game. Price go sideways is never going to replace price go up. Furthermore, do they ever wonder why the "better" stable coins such as GUSD haven't replaced tether? Pull at that thread and you'll realize that no only will facebook coin not replace alt-coins, but it won't even replace tether.  The market will eventually figure this out, but the memes are slow and the herd is dumb. Bitcoin maximalists are incorrigible.
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June 29, 2019, 12:01:43 PM
 #40945

This is the pain and FUD we've been waiting for. I predict we will hit a new USD ATH within 90 days. That means end of September.

It won't matter for most of us if it's still down vs BTC, cos most of us bought XMR with BTC.  I'm actually down a lot tbh.  It would've been way better for me if I just held BTC.

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Globb0
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June 29, 2019, 12:05:11 PM
 #40946

Had a lot more BTC equivalent at the top its true, but I wouldn't say better off the few hundred dollar BTC were well invested here.

Please do something though. No hype for XMR just assumption.

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June 29, 2019, 12:18:32 PM
 #40947

^  And please know that I'm not complaining...  Just stating a fact.  And it would really help if we stop scamming ourselves and actually see what's up. 

...  Hyping the drone thing makes all of you look desperate tbh.


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███████████████████████████
.
●/
●/
●/
SLOTS
GAME SHOW
LIVE CASINO
●/
●/
ROULETTE
BLACKJACK
▄▄▄▄▄▄▄▄▄▄ ▄▄ ▄
|████████████████████████
.
ROLLBIT NFT
.
████████████████████████
ROLLBOT
ROLLBOXES
MARKETPLACE
|
   BONUS BATTLES   
.....WINNER TAKES ALL.....
TWITTER     |     DISCORD
..PLAY NOW..
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June 29, 2019, 12:57:09 PM
 #40948


Also why do people refer to crypto coins as he/him.  Should be,"why did it drop so much in value" not he....
Maybe English isn´t their first language.  I think most Romance languages, for example, don´t have a neuter third person singular pronoun.  The default is masculine:  il (French), el (Spanish) and so on.
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June 29, 2019, 03:02:31 PM
Last edit: June 30, 2019, 01:37:17 PM by Febo
 #40949

Decoded message from outer space:  

Quote from: that guy
As soon as Bitcoin reaches 20k and new ATH, new hype will start. At that time fresh money will start to pour into Bitcoin and from there into alts.  Right now there is no fresh money. Or very little and Bitcoin grow from altcoins. When this will happen who knows.

The retail investors never came back into the stock market after they got fleeced in 2008. The supply of greater fools is not unlimited. The boomers are getting old and more financially conservative. The Millennials do not have any money.

Millennials have plenty of money. And Gen Z that grow up with internet is right behind them.



Libra replacing shitcoins is an amusing narrative.

Libra will replace many coins, but not Monero and Bitcoin.
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June 29, 2019, 05:37:31 PM
 #40950


...  Hyping the drone thing makes all of you look desperate tbh.



Well I never think I was hyping it. I'm just glad to see anyone suggesting real world usages for Monero.


Its like we lost a lot of profile since those heady days, especially when some key dev's went off to do different things.



Even after all this time shitcoins like darkcoin still persist. We really had faith in the people to spot them for the frauds they are/were. But yet they continue.


It is disappointing.
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June 29, 2019, 06:15:04 PM
 #40951


...  Hyping the drone thing makes all of you look desperate tbh.



especially when some key dev's went off to do different things.



Are you talking about Monero? Because no key developers have left and your statement is thus erroneous.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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June 29, 2019, 06:23:08 PM
 #40952

Maybe not in actual practice but FP made a specific fuss about peeling off the do his company thing. And stepping down etc.


Also all you guys went off to another forum (I know you are always here working hard - you had most of my merits over the years for it)


Just feels something lacking.






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June 29, 2019, 06:32:35 PM
 #40953

Maybe not in actual practice but FP made a specific fuss about peeling off the do his company thing. And stepping down etc.


One of the main goals of Tari is Monero success. Fluffypony emphasized this in his latest presentation on Tari & Monero, which I strongly recommend to watch:

https://www.youtube.com/watch?v=zmeSSnppixY

Additionally, he did not leave Monero. He is still actively participating in Monero's development.

Also all you guys went off to another forum (I know you are always here working hard - you had most of my merits over the years for it)

Most traffic is currently present on Reddit (r/monero for normal discussion and r/xmrtrader for investing / trading discussion). As far as I can see, this is simply a side-effect of people preferring Reddit over Bitcointalk nowadays. The latter has arguably also lost a lot of traffic over the years. Thus, I don't think the lower activity here is on purpose.

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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June 29, 2019, 08:11:24 PM
Last edit: June 29, 2019, 09:40:32 PM by joroz
 #40954


One of the main goals of Tari is Monero success. Fluffypony emphasized this in his latest presentation on Tari & Monero, which I strongly recommend to watch:

https://www.youtube.com/watch?v=zmeSSnppixY

Additionally, he did not leave Monero. He is still actively participating in Monero's development.


Kind of like one of the main goals of Ticketmaster is the US dollar's success?  Please, it's a private company.  I'm glad it exists but let's not get carried away.
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June 29, 2019, 08:21:44 PM
 #40955

This is the pain and FUD we've been waiting for. I predict we will hit a new USD ATH within 90 days. That means end of September.

It won't matter for most of us if it's still down vs BTC, cos most of us bought XMR with BTC.  I'm actually down a lot tbh.  It would've been way better for me if I just held BTC.

So you're saying if Monero hit $10k USD it wouldn't matter because you would've made more by staying in BTC? By that logic you will never be satisfied with your investments, because there will always be something you could've done to gain more profit.
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June 30, 2019, 06:28:59 AM
 #40956


One of the main goals of Tari is Monero success. Fluffypony emphasized this in his latest presentation on Tari & Monero, which I strongly recommend to watch:

https://www.youtube.com/watch?v=zmeSSnppixY

Additionally, he did not leave Monero. He is still actively participating in Monero's development.


Kind of like one of the main goals of Ticketmaster is the US dollar's success?  Please, it's a private company.  I'm glad it exists but let's not get carried away.

Did you actually watch the presentation? Furthermore, Tari will be merge-mined with Monero. The bigger Monero's market cap, the more secure the chain will be (which thus benefits Tari).

Privacy matters, use Monero - A true untraceable cryptocurrency
Why Monero matters? http://weuse.cash/2016/03/05/bitcoiners-hedge-your-position/
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June 30, 2019, 07:27:59 AM
 #40957

Maybe not in actual practice but FP made a specific fuss about peeling off the do his company thing. And stepping down etc.


One of the main goals of Tari is Monero success. Fluffypony emphasized this in his latest presentation on Tari & Monero, which I strongly recommend to watch:

https://www.youtube.com/watch?v=zmeSSnppixY

Additionally, he did not leave Monero. He is still actively participating in Monero's development.

Also all you guys went off to another forum (I know you are always here working hard - you had most of my merits over the years for it)

Most traffic is currently present on Reddit (r/monero for normal discussion and r/xmrtrader for investing / trading discussion). As far as I can see, this is simply a side-effect of people preferring Reddit over Bitcointalk nowadays. The latter has arguably also lost a lot of traffic over the years. Thus, I don't think the lower activity here is on purpose.

thanks for answering some points. And I'm hoping I haven't offended you.

I think perception is more important than reality. ie the way people see something.

I did wait up to see his speech towards the end of the conference the other day.

I think the best thing going on is the work in the core making Monero more accessible and integrable to other projects and uses. Hurrah to that.


I miss those  days when we were worth fighting against. Maybe its me who needs to move on.

One of the few Monerians still here, though there are several high profile "2nd coin" supporters, who will back me up from time to time or spare me some abuse.


1 or 2 nasty people have really spoiled this place and they post unchecked because we have no mods for our stuff. I just have to bare through it.



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June 30, 2019, 08:20:52 AM
Merited by mindrust (1)
 #40958

Posted as an impartial messenger, which means don’t presume I agree with the choice of wording or even the points made. Nevertheless the forum benefits from hearing all sides of an argument.

Quote from: that guy

When do you think they will figure out that a stable coin will never replace altcoin gambling? Price go up is the game. Price go sideways is never going to replace price go up. Furthermore, do they ever wonder why the "better" stable coins such as GUSD haven't replaced tether? Pull at that thread and you'll realize that no only will facebook coin not replace alt-coins, but it won't even replace tether.  The market will eventually figure this out, but the memes are slow and the herd is dumb. Bitcoin maximalists are incorrigible.

You ostensibly did not even read the link that was provided, which refutes everything you wrote.

1. Libra is not a stable coin in the same way that Tether et al are. Libra is not a peg. It is backed with 4 major reserve currencies actually held in reserve, not a peg.

2. The reason Libra adoption will skyrocket is because of the strong dollar vortex due to the enveloping global sovereign debt crisis. The peripheral currencies will be crashing. Thus individuals within these nations will disobey their governments and choose to hodl Libra instead of their local currencies, because they will receive significant appreciation by doing so. We are headed into hyperstagflation in terms of local currencies of most nations.

3. Core BitcOn (and thus all of the cryptocosm) will be crashing due to the SegWit donations attack probably after May 2020. Libra will be the only thing the billions of people will trust. This is not an endorsement of the lack of trustlessness in Libra. Rather it is a recognition of the diabolical plan that is being successfully hoisted on the world. You should read the link that was provided so you can learn more.

4. The West will have a strong incentive to support Libra in the battle against China and China’s Belt&Road Initiative influence in the developing world. The Yuan is not one of the reserve currencies of Libra. Libra is a Trojan Horse. Eventually the powers-that-be will back it with (the real) Bitcoin after everyone thinks Bitcoin died. Lol. So many retards are going to be fleeced in this 666 plan.


Please read citations before commenting, otherwise you make yourself an idiot in the eyes who have taken the time to read and learn.

Libra replacing shitcoins is an amusing narrative.

Libra will replace many coins, but not Monero and Bitcoin.

5. Monero is as useless as I predicted it would be. I was entirely vindicated (c.f. also).


Millennials have plenty of money. And Gen Z that grow up with internet is right behind them.

Disagree:

https://www.armstrongeconomics.com/world-news/student-debt/millennial-student-debt-is-1-crisis/

They often have to move back in with their parents after college with fine arts degree. A small segment of them with STEM degrees had some money (e.g. programmers) but the ones gullible enough to be gamble on altcoins have ostensibly already been fleeced.

The developing world will latch onto to Libra which is something they can actually recommend to be people without becoming a crackpot in the eyes of their family and friends.

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June 30, 2019, 02:17:16 PM
 #40959

...  Hyping the drone thing makes all of you look desperate tbh.

No one is hyping drones, except maybe gembitz on his own way.  Drones were most abstract thing that was presented on second day of the MoneroKon. There was plenty other new and good things presented that day, but this drones were something that at least to me was most interesting. Since was a bit crazy tech idea. It caused a lot of skepticism and still does. There is almost a year until it happens. So a lot of time. If it happens, this will for sure attract a lot of media coverage. By fundamentals it should not influence Monero price in anyway, but who knows what media coverage will do.



One of the main goals of Tari is Monero success. Fluffypony emphasized this in his latest presentation on Tari & Monero, which I strongly recommend to watch:

https://www.youtube.com/watch?v=zmeSSnppixY

Additionally, he did not leave Monero. He is still actively participating in Monero's development.


Kind of like one of the main goals of Ticketmaster is the US dollar's success?  Please, it's a private company.  I'm glad it exists but let's not get carried away.

Private companies exist to make profit.  What Tari does for Monero is that they will spend their founds to develop open source code that could be latter on copy pasted to Monero. At least the concept since it uses different program language. That is huge and Monero needes more such projects.
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June 30, 2019, 03:02:07 PM
 #40960

Monero is one of the best privacy coins out there. I am waiting for a bull run for Monero.
But we need some good reasons for Monero to start a bull run.
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