[XMR] Monero Speculation

[Hueristic]

And look at little XMR bucking the field yet again.  The transaction volume is very weird/interesting.  It's hard for me to imagine explanations for all the fairly non-random actions on that chart...  Like the recent strong spike (10 days ago or so) with a gentle falling off to where we were... it's a very strange effect, all encased in a weekly rhythm which i think is most certainly corresponding with DNM activity.

No other coin looks like this.  BTC and ETH come closest.  It is a signature, in my opinion, for a project with actual commerce at the core.

See the difference?

Inverted bart on transaction volume, interesting.

I have no clue what that means but I would like to think its coins moving off exchanges in preparation of swaps.

[cAPSLOCK]

And look at little XMR bucking the field yet again.  The transaction volume is very weird/interesting.  It's hard for me to imagine explanations for all the fairly non-random actions on that chart...  Like the recent strong spike (10 days ago or so) with a gentle falling off to where we were... it's a very strange effect, all encased in a weekly rhythm which i think is most certainly corresponding with DNM activity.

No other coin looks like this.  BTC and ETH come closest.  It is a signature, in my opinion, for a project with actual commerce at the core.

See the difference?

Inverted bart on transaction volume, interesting.

I have no clue what that means but I would like to think its coins moving off exchanges in preparation of swaps.

Well it was a more than 20k transaction spike.  In one day.  And even weirder than the spike is the smooth drop.  It is still following that saw tooth pattern which is a faithful repeating patters of the most transactions happening on Monday and Tuesday, and the least on Saturday and Sunday. 

The spike and drop is interesting.  SOMETHING induced a 2x transaction jump.  In one day.  And from 1/12th to 1/6th of the amount of transactions bitcoin has... But even after dropping off... it stayed significantly higher.  As if something caused to heat up, and now it's cooling down.  But what causes that in a market?

The sawtooth is beautiful.  Coins that are traded on exchanges and used for speculation only do NOT have this sort of pattern as clearly.  Look at BCH.  It's basically a random walk.  This coin IS moved around more than Monero... but Monero follows a pattern that has been strengthening for over a year.  One that corresponds with the days the US Postal Service is delivering.  Or the days that vendors on online markets would take and process orders.  You want to get your stuff before the end of the week?  Better order it on Monday.  But no real use rushing to complete a purchase on a SAT or SUN... the vendors won't process it 'till Monday anyway.

So what are people doing with Bitcoin Cash?  Nothing really.

But the proof is on chain for Monero.

[Hueristic]

The sawtooth is beautiful.  Coins that are traded on exchanges and used for speculation only do NOT have this sort of pattern as clearly.  Look at BCH.  It's basically a random walk.  This coin IS moved around more than Monero... but Monero follows a pattern that has been strengthening for over a year.  One that corresponds with the days the US Postal Service is delivering.  Or the days that vendors on online markets would take and process orders.  You want to get your stuff before the end of the week?  Better order it on Monday.  But no real use rushing to complete a purchase on a SAT or SUN... the vendors won't process it 'till Monday anyway.

So what are people doing with Bitcoin Cash?  Nothing really.

But the proof is on chain for Monero.

It is a thing of beauty!

Volume is still low on exchanges but has picked up massively from the trend so I am thinking this is the signal that there is no more cheap coins dribbling into whale bags. I gotta say I'm a little concerned who these whales are though as they are the only ones left on these kyc exchanges..

[cAPSLOCK]

It is a thing of beauty!

Volume is still low on exchanges but has picked up massively from the trend so I am thinking this is the signal that there is no more cheap coins dribbling into whale bags. I gotta say I'm a little concerned who these whales are though as they are the only ones left on these kyc exchanges..

That reminds me of something...

I have often thought, that since the IRS (and others) are so concerned about Monero privacy it would be feasible that they might try to sybil various aspects of the network.  Obviously the protocol itself is way ahead of almost anything other than TOR for privacy and things like dandelion++ make attacks on the protocol hard.

But a cryptocurrency is more than it's code, and protocol.  It is also it's community, it's users individually, the exchanges, and vendors etc.

I wonder if money is being spent by "whales" to be a lot of exchange traffic for example.

I have not thought about this a lot... there could be big holes in it.

[Hueristic]

It is a thing of beauty!

Volume is still low on exchanges but has picked up massively from the trend so I am thinking this is the signal that there is no more cheap coins dribbling into whale bags. I gotta say I'm a little concerned who these whales are though as they are the only ones left on these kyc exchanges..

That reminds me of something...

I have often thought, that since the IRS (and others) are so concerned about Monero privacy it would be feasible that they might try to sybil various aspects of the network.  Obviously the protocol itself is way ahead of almost anything other than TOR for privacy and things like dandelion++ make attacks on the protocol hard.

But a cryptocurrency is more than it's code, and protocol.  It is also it's community, it's users individually, the exchanges, and vendors etc.

I wonder if money is being spent by "whales" to be a lot of exchange traffic for example.

I have not thought about this a lot... there could be big holes in it.

I think they moved to social engineering years ago.

[explorer]

Getting itchy...

[cAPSLOCK]

A planned Sybil purchase attack on DNM vendors.

That could explain it. Giant burst of volume, with a trailing off follow through.  While watching IPs, and what they can see about monero traffic as well as traffic to and from the market(s).

Does anyone know if there are TOR stats on graphs somewhere?  # of nodes for example.  It would be interesting to see how that corresponds to Monero transactions, or not.

[tokeweed]

It is a thing of beauty!

Volume is still low on exchanges but has picked up massively from the trend so I am thinking this is the signal that there is no more cheap coins dribbling into whale bags. I gotta say I'm a little concerned who these whales are though as they are the only ones left on these kyc exchanges..

That reminds me of something...

I have often thought, that since the IRS (and others) are so concerned about Monero privacy it would be feasible that they might try to sybil various aspects of the network.  Obviously the protocol itself is way ahead of almost anything other than TOR for privacy and things like dandelion++ make attacks on the protocol hard.

But a cryptocurrency is more than it's code, and protocol.  It is also it's community, it's users individually, the exchanges, and vendors etc.

I wonder if money is being spent by "whales" to be a lot of exchange traffic for example.

I have not thought about this a lot... there could be big holes in it.

I think they moved to social engineering years ago.

It could also be TPTB have upgraded to hassling known members of the core team.  People might have forgotten about Fluffy getting held in a facility without bail for a white collar crime he allegedly did more than 10 years ago.  Poor guy...  I hope he’s ok but the XMR core team has to cut ties with him and assume that he is being turned.

[cAPSLOCK]

This guy has made some very bold predictions in the past, and some of them have been awesomely accurate...  THIS particular chart is one of the most bullish I have seen.  Right on the eve of atomic swaps.  With bitcoin doing what it's doing, and Monero threatening to continue to be bullish nomatter what happs to other alts, we might be one of the more happy threads on BCT soon. 

I am starting to get another tingly feeling.  Not that strong yet... but unmistakable. 



https://www.tradingview.com/chart/XMRUSDT/qavM4LCY-Watch-Monero-Fly/

[Hueristic]

This guy has made some very bold predictions in the past, and some of them have been awesomely accurate...  THIS particular chart is one of the most bullish I have seen.  Right on the eve of atomic swaps.  With bitcoin doing what it's doing, and Monero threatening to continue to be bullish nomatter what happs to other alts, we might be one of the more happy threads on BCT soon. 

I am starting to get another tingly feeling.  Not that strong yet... but unmistakable. 



https://www.tradingview.com/chart/XMRUSDT/qavM4LCY-Watch-Monero-Fly/

Would be nice to see, long overdue I must say.

[Hueristic]

https://odysee.com/@MoneroTalk:8/gratuitas.org-buy-coffee-and-tip-the:4?

[Febo]

https://odysee.com/@MoneroTalk:8/gratuitas.org-buy-coffee-and-tip-the:4?

Nice talk. He is specially right that, governments will not ban Monero. But they will do and are already doing such regulations for services that many service providers will and already are rather not bother with Monero since there are so many other coins.  That way they will hope people will simply stop using Monero.

[LUCKMCFLY]

XMR has proven to be a currency with a great capacity to continue giving pleasant surprises to investors, not only does it guarantee privacy, I believe that it is above many privacy coins and if I am not mistaken it is the one that has the most commercial movement after BTC and ETH. I share this analysis of the following article, I found it interesting:

On Aug. 21, it broke out from the $275 horizontal resistance area and proceeded to reach a high of $339.7 three days later.

Source: https://beincrypto.com/magnificent-seven-xtz-avax-tel-enj-xmr-sol-zen-biggest-gainers-aug-20-27/

It is a good time for the investment of XMR, so far BTC looks very bullish, of course everything can change, but the XMR bulls have been present to defend the good wall of the price levels of the currency.

[cAPSLOCK]

My speculation about this coin i think Monero will go up to $300 before the end of this week and after that there will be some correction then go back into below $250. For the long term i think monero can reach hes new all time high in december but it just my own opinion about this coin.

You made a pretty good prediction with the first bit...  we are yet to see if you are right about the second.  I would not bet on it, but it is easily possible.

[Hueristic]

For anyone wondering when to buy, these low volume dips are perfect.
Every volume increase has been up for the last few months.

[Febo]

HavenoDEX updates. For those that dont know What Haveno is. It is Monero BisQ. So decentralised Monero fiat exchange. It seemed a huge task when they announced it, but now it seems that the project is grinding its path nicely.

https://old.reddit.com/r/Monero/comments/pfz9lj/whats_new_in_haveno_some_updates/

[cAPSLOCK]

I would not be surprised if Bitcoin steals the spotlight a little right about here...

But I would neither be surprised if Monero fared well amongst the alts in spite of it.

Here we go...

[tokeweed]

^  But the spotlight has always been pointed at BTC...  To a fault.  Everytime some of these whales decide to sell down BTC, prolly to shake off weak hands, it drags the whole market down with it.  This should change.  A flippening should happen between BTC and ETH, taking the whole alt market up.  So if some people want to sell down BTC, it can go down alone.

[cAPSLOCK]

^  But the spotlight has always been pointed at BTC...  To a fault.  Everytime some of these whales decide to sell down BTC, prolly to shake off weak hands, it drags the whole market down with it.  This should change.  A flippening should happen between BTC and ETH, taking the whole alt market up.  So if some people want to sell down BTC, it can go down alone.

A flippening for a pre-mined MUTABLE shitcoin with ever changing monetary policy and security models, doomed to centralization from the decentralized leader by far would not be something to celebrate IMHO...  But different folks have different opinions on this, obviously.

[Hueristic]

^  But the spotlight has always been pointed at BTC...  To a fault.  Everytime some of these whales decide to sell down BTC, prolly to shake off weak hands, it drags the whole market down with it.  This should change.  A flippening should happen between BTC and ETH, taking the whole alt market up.  So if some people want to sell down BTC, it can go down alone.

A flippening for a pre-mined shitcoin doomed to centralization from the decentralized leader by far would not be something to celebrate IMHO...  But different folks have different opinions on this, obviously.

Don't forget Mutable!