[XMR] Monero Speculation

[elrippos friend]

Thanks  
Let's see if that turns out to be a good desicion, but i think i can buy back in at 0,0090-0,0088 levels, so let's have a cup of tea and see what the days bring along  

You're looking pretty genius-y so far...

Looks like the whole alt sector is doing a pullback wile big daddy rallies.  We are breaking the bullrun trendline.  Probably see a bounce somewhere down there...

I will point out this volume is somewhat anemic though.

Thank's for the laurels, but i just did check some correlations to the last years and i found this similarity so i think until first week of November to mid November it will get a bit bloody on the streets but after that we should all fasten our seat belts and see Monero outperform itself  
IF BTC rallies close to €11k i think we will see sub 0,008 hence all the weak hands are selling for BTC gains and then buy back in 

[1652864063]

1652864063

[1652864063]

1652864063

[1652864063]

1652864063

[elrippos friend]

Thanks  
Let's see if that turns out to be a good desicion, but i think i can buy back in at 0,0090-0,0088 levels, so let's have a cup of tea and see what the days bring along  

You're looking pretty genius-y so far...

Looks like the whole alt sector is doing a pullback wile big daddy rallies.  We are breaking the bullrun trendline.  Probably see a bounce somewhere down there...

I will point out this volume is somewhat anemic though.

It’s really disheartening to see it just fall away.

Maybe I’m wrong and it just won’t recover to ATH.

Just have a cup of tea and wait until the next summer, you will be delighted as far as i can tell 

[infofront]

Moon on hold. Altcoin bloodbath in progress.

[kurious]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

[elrippos friend]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly 

[explorer]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly 

Didn't expect to hit your target this week? 

[kurious]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly  

Well, we just lost that unnecessary extra zero again.  I would be very happy if we can hang on over that level for now...  But I will grant you it could go either way.

Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies.  Let's see if it can weather this storm.

[explorer]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly  

Well, we just lost that unnecessary extra zero again.  I would be very happy if we can hang on over that level for now...  But I will grant you it could go either way.

Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies.  Let's see if it can weather this storm.

I don't like it, but my magic chart has low 0.0080's to low -90s until early December.  If it goes below that, it just says 'you have no maps of this area'.  Stupid magic chart anyway.

[elrippos friend]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly  

Well, we just lost that unnecessary extra zero again.  I would be very happy if we can hang on over that level for now...  But I will grant you it could go either way.

Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies.  Let's see if it can weather this storm.

I don't like it, but my magic chart has low 0.0080's to low -90s until early December.  If it goes below that, it just says 'you have no maps of this area'.  Stupid magic chart anyway.

Well to be honest i expected that for next next week, so i think there will be healing for a weeks time, but as i said. If BTC is gaining dominance above €11k we could revisit low 0,008's -maybe even sub 0,008's in November so i just adjusted my buy orders 

[Febo]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly  

Well, we just lost that unnecessary extra zero again.  I would be very happy if we can hang on over that level for now...  But I will grant you it could go either way.

Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies.  Let's see if it can weather this storm.

I don't like it, but my magic chart has low 0.0080's to low -90s until early December.  If it goes below that, it just says 'you have no maps of this area'.  Stupid magic chart anyway.

Well to be honest i expected that for next next week, so i think there will be healing for a weeks time, but as i said. If BTC is gaining dominance above €11k we could revisit low 0,008's -maybe even sub 0,008's in November so i just adjusted my buy orders 

If using of Monero will increase with the pace as it did so far, specially in October until the network upgrade, then I simply dont see so ow numbers to happen.   
In last few days we saw how bad can bugs be in protocol upgrades. Monero ecosystem grow a lot. Even that bug was patched in half day that did not magically update all Monero ecosystem immediately. Some exchanges still dont work. Or at least did not yesterday. Monero had luck to be small and was able to have these updates twice a year. Now is getting bigger and bigger and that will continue maybe even faster now.

[elrippos friend]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly  

Well, we just lost that unnecessary extra zero again.  I would be very happy if we can hang on over that level for now...  But I will grant you it could go either way.

Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies.  Let's see if it can weather this storm.

I don't like it, but my magic chart has low 0.0080's to low -90s until early December.  If it goes below that, it just says 'you have no maps of this area'.  Stupid magic chart anyway.

Well to be honest i expected that for next next week, so i think there will be healing for a weeks time, but as i said. If BTC is gaining dominance above €11k we could revisit low 0,008's -maybe even sub 0,008's in November so i just adjusted my buy orders 

If using of Monero will increase with the pace as it did so far, specially in October until the network upgrade, then I simply dont see so ow numbers to happen.   
In last few days we saw how bad can bugs be in protocol upgrades. Monero ecosystem grow a lot. Even that bug was patched in half day that did not magically update all Monero ecosystem immediately. Some exchanges still dont work. Or at least did not yesterday. Monero had luck to be small and was able to have these updates twice a year. Now is getting bigger and bigger and that will continue maybe even faster now.

I agree in most points, especially in the growth of the ecosystem, but i do not agree with you in terms of pricing. History showed us some different figures and i believe, that those figures (as in BTC) will follow the historical base

[dEBRUYNE]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly  

Well, we just lost that unnecessary extra zero again.  I would be very happy if we can hang on over that level for now...  But I will grant you it could go either way.

Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies.  Let's see if it can weather this storm.

I don't like it, but my magic chart has low 0.0080's to low -90s until early December.  If it goes below that, it just says 'you have no maps of this area'.  Stupid magic chart anyway.

Well to be honest i expected that for next next week, so i think there will be healing for a weeks time, but as i said. If BTC is gaining dominance above €11k we could revisit low 0,008's -maybe even sub 0,008's in November so i just adjusted my buy orders 

If using of Monero will increase with the pace as it did so far, specially in October until the network upgrade, then I simply dont see so ow numbers to happen.   
In last few days we saw how bad can bugs be in protocol upgrades. Monero ecosystem grow a lot. Even that bug was patched in half day that did not magically update all Monero ecosystem immediately. Some exchanges still dont work. Or at least did not yesterday. Monero had luck to be small and was able to have these updates twice a year. Now is getting bigger and bigger and that will continue maybe even faster now.

The sync bug did not affect nodes that are online continuously, which is standard procedure for basically every service and exchange. Furthermore, the Monero network continued to operate normally. To reiterate, the following nodes got affected:

- A new node that syncs from scratch.
- Existing node that is currently offline and would like to sync soon. 

Furthermore, the bug was fixed swiftly and a new release (that included the fix) was made available within a day.

Additionally, people tend to forget that exchanges and services typically impose a temporary suspension of withdrawals and/or services around a network upgrade as precautionary measure.

I personally feel that people misunderstand the gravity of the recent sync bug and resultantly are making a mountain out of a molehill.

[elrippos friend]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly  

Well, we just lost that unnecessary extra zero again.  I would be very happy if we can hang on over that level for now...  But I will grant you it could go either way.

Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies.  Let's see if it can weather this storm.

I don't like it, but my magic chart has low 0.0080's to low -90s until early December.  If it goes below that, it just says 'you have no maps of this area'.  Stupid magic chart anyway.

Well to be honest i expected that for next next week, so i think there will be healing for a weeks time, but as i said. If BTC is gaining dominance above €11k we could revisit low 0,008's -maybe even sub 0,008's in November so i just adjusted my buy orders 

If using of Monero will increase with the pace as it did so far, specially in October until the network upgrade, then I simply dont see so ow numbers to happen.   
In last few days we saw how bad can bugs be in protocol upgrades. Monero ecosystem grow a lot. Even that bug was patched in half day that did not magically update all Monero ecosystem immediately. Some exchanges still dont work. Or at least did not yesterday. Monero had luck to be small and was able to have these updates twice a year. Now is getting bigger and bigger and that will continue maybe even faster now.

The sync bug did not affect nodes that are online continuously, which is standard procedure for basically every service and exchange. Furthermore, the Monero network continued to operate normally. To reiterate, the following nodes got affected:

- A new node that syncs from scratch.
- Existing node that is currently offline and would like to sync soon. 

Furthermore, the bug was fixed swiftly and a new release (that included the fix) was made available within a day.

Additionally, people tend to forget that exchanges and services typically impose a temporary suspension of withdrawals and/or services around a network upgrade as precautionary measure.

I personally feel that people misunderstand the gravity of the recent sync bug and resultantly are making a mountain out of a molehill.

Agreed, i also think that the sstem is working properly and on top of a minor bug there is made hysteria to some extend that i do not get 

[cAPSLOCK]

Interesting landmark.  I don't expect it to hold, but then again this is really deflating on low volume...

[Hueristic]

You can pry my Romeros out of my cold dead hands.

[explorer]

Interesting landmark.  I don't expect it to hold, but then again this is really deflating on low volume...

   Either I am a genius, or it is too pat.  Every single pause and turning point has hit the lines on my chart these last few months.  I haven't changed anything, and I never used to be quite genius level, so I'm guessing its even more orchestrated than usual.  The low volume is a factor that makes it easier, I suppose.  If there was more generic activity it would be harder to dictate the action.  Whatever, I just keep sailing the seas... 

[cAPSLOCK]

So often the damn contrarian.

[explorer]

So often the damn contrarian.

Shakin' the tree.

[cAPSLOCK]

You know what I have been pinging around in my noggin, though it's baseless and does not really make sense.

Why did XMR prophesy bitcoin's breakout. I mean it could be a coincidence.  Probably is really...  But I am just trying to think... why could it be, and why now.

I mean even in a more general sense... why did XMR have such a nice parabolic run.

Hmm.

 

[kurious]

You know what I have been pinging around in my noggin, though it's baseless and does not really make sense.

Why did XMR prophesy bitcoin's breakout. I mean it could be a coincidence.  Probably is really...  But I am just trying to think... why could it be, and why now.

I mean even in a more general sense... why did XMR have such a nice parabolic run.

Hmm.

 

I used to say 'honeypony don't give a fuck' but in all honesty Monero has a sort of history of blowing up at an opportune time.

It did have some seasonal bursts or ebbs and flows for a while, but from mid-2016 it really ripped up - at one point it had clocked up an annual growth of 2,600%.

It reached its peak in dollar terms IIRC after Bitcoin had peaked, in spring 2018.

So it pre-dated Bitcoin's massive run then... and it does look like a similar pattern now.  We have no idea if it would have done it in 2013, as it didn't exist back then, but the last big run was huge and looking at its aftermath up to now, I have been wondering too.

Looking at the 2018 decline, post the 2016/2017 explosion, it just looks like a huge curved bowl, or perhaps (dare I say) a cup.  It is obvious Monero has been on the rise, but possibly this is just a continuation of the cup shape and we are - so far- only in the early stages of completion.

Hopium, or plausible?  It's early to say, but the signs as you point out are there.

There is no four-yearly halving in Monero's code, but it may just be it does react to Bitcoin's cycle in a rather wonderful way.  Gaining against Bitcoin when Bitcoin is gaining against fiat is a seriously wonderful thing.

It can be argued that Monero looks like it wants to do it again - and (again) wants to get started early...

They say history doesn't repeat itself, but....