[XMR] Monero Speculation

[Hueristic]

Hueristic, not much has changed, certainly not your luck or timing with this fickle coin 
  I've been semi/mostly-retired and living frugally, other than blowing wads of money on RC cars after a 30 year hiatus.  Where do the days go? 

Shit, Lol you got that right!

Glad to hear your getting some retirement time in.

Time is catching us all.

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[johnfoss]

The Monero Moon (Issue 19) is out now!

The Monero Moon is a curated weekly newsletter regarding all things Monero.

Feel free to share it around to help spread the word of Monero!

https://medium.com/themoneromoon/the-monero-moon-issue-19-53046f499e7e

[LUCKMCFLY]

Things have turned out very well for Monero, in fact it has had an incredible recovery, also that BTC has done its part and is in a range between $ 39k and $ 40k, I think that as BTC goes up, Monero will shine much more:

Monero ranked 27 and saw an 11.07% price rise in seven days. The alt was down 46.43% from its ATH and had a breakeven multiple of 1.87. XMR’s price has been on an uptrend since June 13 and if it keeps increasing it might test the $310.4 resistance mark.

Source: https://ambcrypto.com/uniswap-eos-monero-price-analysis-15-june/

At the moment the Monero bulls are enjoying the gains, and possibly the omens are that it may continue to rise further in price.

[tokeweed]

^  Yup.  Even with all the sell downs that happened for the last 5 weeks or so, XMR/USD looks decent than most other alts’ charts.  Another decent looking chart is WAVES/USD, which could be a sleeper if ever the bulls come back.

ADA which most people hate for some reason looks really good too.

[Biro Bob]

I have to say that at 0.0065 / $200 some people really don't value their Monero or I'm missing something.

[cAPSLOCK]

I have to say that at 0.0065 / $200 some people really don't value their Monero or I'm missing something.

You had not noticed that bitcoin is doing it's swansong today?

Such drama...
Much blood.

[Hueristic]

Shoot me now.  


Added: Couldn't help my self and converted some loose btc @.00635

[explorer]

Shoot me now.  


Added: Couldn't help my self and converted some loose btc @.00635

Nicely done... I think...

[cAPSLOCK]

Shoot me now.  


Added: Couldn't help my self and converted some loose btc @.00635

Nicely done... I think...

Agreed.  I picked up a little too @ .0065, as well as a little corn at 29980.  Ha.  I saw the bitcoin price under 30 on the app and had to buy.

[johnalan]

0.0061, is this market for fucking real?

[Hueristic]

0.0061, is this market for fucking real?

It makes me wish I was looking for an entry point.

[cAPSLOCK]

It's always been real!

It's hard to not let emotion rule in times like these... but here is how I see it.

We are either holders or traders. And we have faith or doubt in the project...  You could project this on a 4 square chart with two axis.

As holders it is always hard to see value drop.  We see our net buying power go down.  But if we remain positive about the project then we would either continue to hold during times like this, or even add to our position at a discount.  On the other hand if we are losing faith in the project for some reason or another then we have to plan to unwind positions as we see best.

As traders, if we believe in the project then we must detach our hopes and base investment decision on our system.  In a bear market there are several ways to profit from the dramatic moves of the market, and move like this are opportunities. If we believe the markets have over corrected we have money to make taking positions.  If we have reason to believe the technical are continuing to point down, then we can make money by shorting, or buying puts.

I am a holder who believes we are over corrected.  I am not a trader. This is because I also think we could drop even further against both BTC and the USD.  My positions are a fiarly large percentage of my net worth, so i am not adding any more... but if i had the money to do it, now would be an interesting time.  I think BTC is in the driver's seat, and it is very hard to predict right now... it does not seem the market is acting entirely rationally.

But the question is do we climb too high?  Or are we correcting too deeply?

My money is on both!  How's that for wishy-washy.

As an aside, i do not know if any of the Rehar drama is inducing selling in relative newcomers to XMR.  Could be.  I think that is a mistake if so.  It is too short a view, IMHO.

[tokeweed]

0.0061, is this market for fucking real?

It makes me wish I was looking for an entry point.

If you have BTC and is looking into entering XMR?  I’d suggest you wait.  BTC usually pumps first and leads the way after going side ways causing ALT/BTC pairs to drop before they pump themselves. 

[explorer]

0.0061, is this market for fucking real?

It makes me wish I was looking for an entry point.

If you have BTC and is looking into entering XMR?  I’d suggest you wait.  BTC usually pumps first and leads the way after going side ways causing ALT/BTC pairs to drop before they pump themselves. 

Except this is Monero...

[tokeweed]

^  It’s nothing against XMR.  It’s about trading well and getting the most you can once it trends against BTC.  And right now XMR isn’t really looking that good vs BTC.  Here’s how the monthly looks to give you the long term perspective...

[Hueristic]

^  It’s nothing against XMR.  It’s about trading well and getting the most you can once it trends against BTC.  And right now XMR isn’t really looking that good vs BTC.  Here’s how the monthly looks to give you the long term perspective...

Not withstanding that polo chart if from a low liquid market now even looking at that one tells you we are at the bottom so now is a perfect entry point.

Why would you wait and buy on the uptick, that moronic.

[cAPSLOCK]

Wow.
Even with the recent Haveno connection this was hard for me to imagine.  I mean, I did imagine it briefly back then, and then tossed out the possibility since Samourai is sort of an ultra-maxi approved project.



Their stand on why they are doing this is brave to say the least.  And it fulfills a prophesy I think I made back in 2015.  I wish I could find it, but that was when I began to wonder if we might see a day that XMR would be bitcoin's "privacy layer".  Seems the "Spooks" at Samourai have figured out this will be one of the most viable ways to do privacy with bitcoin.

Interesting times for sure... I feel like this is not even close to priced in.  If they can make any headway at all into the social issue around this it will be interesting.  That's the question though.  This will split the privacy focused maxis.  And I would *guess* those in favor of it will be in the minority.

At the same time the Samourai devs have never given a single shit about toeing any lines.  I deleted their thing a long time ago...  Seems I might be reinstalling it, lol.

(edit - reduced the ginourmous image a little)

[tokeweed]

^  It’s nothing against XMR.  It’s about trading well and getting the most you can once it trends against BTC.  And right now XMR isn’t really looking that good vs BTC.  Here’s how the monthly looks to give you the long term perspective...

Not withstanding that polo chart if from a low liquid market now even looking at that one tells you we are at the bottom so now is a perfect entry point.

Why would you wait and buy on the uptick, that moronic.

That’s a monthly chart.  And if anything it’s showing that XMR is on a long term trend going down and it hasn’t really gained back lost ground since 2018 if we’re being real here. 

I converted a huge chunk of my BTC to XMR back in 2017, I’m still down around 40% in BTC in that trade.  Lol.

[Globb0]

Its win win, unless the btc chain leaks any information to the detriment of the xmr layer.

Just common sense they will have covered this as its our implementation  no theirs.


Good luck all.

xxxx

[tokeweed]

^  Techwise sure..  XMR is better than BTC for sure.  It really is what most people claimed BTC to be back in 2013.  But let’s be real here...  From a trading or investing perspective, it was better to hold BTC in hindsight.  XMR used to be a staple at CMC’s top 10.  Now it’s not even at top 20.  So yeah..  For those new people holding BTC, if you don’t really need to hide your tx’s, don’t buy just yet.