[XMR] Monero Speculation

[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 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!

Thanks!  Added that as well as a bit on the monetary policy changing as well as the security model.

I honestly think folks do not know why Bitcoin is valuable in the first place.

Sad part is that could actually mean something like Ethereum wins in the end just because enough people did NOT understand...

*sigh*

[Hueristic]

Sad part is that could actually mean something like Ethereum wins in the end just because enough people did NOT understand...

*sigh*

The general populous only care about short term fixes and quick bucks and EthShit fills those requirements.

Looks like its back to Ramen!

[Hueristic]

W0w, BTFD !!!!!

[cAPSLOCK]

Trying to decide if this embarrassing Monero drama is just normal bullshit or a psyop.

[Hueristic]

Bananas.
Gingeropolous steal here.

[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.

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.

Is the market cap so important that the no. 1 spot should always be held by BTC?  BTC wouldn’t be any less vauable from a tech perspective at any price. 

And I have been jaded from all of this a long time ago.  I had my crypto will take over phase, my maxi phase from following De Rose and Junseth then now my ‘I just want to trade and gamble’ phase.  But I still do care about XMR tho.  It’s the only real project left.

[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.

Is the market cap so important that the no. 1 spot should always be held by BTC?  BTC wouldn’t be any less vauable from a tech perspective at any price. 

And I have been jaded from all of this a long time ago.  I had my crypto will take over phase, my maxi phase from following De Rose and Junseth then now my ‘I just want to trade and gamble’ phase.  But I still do care about XMR tho.  It’s the only real project left.

I think the market cap is an interesting metric, but WIDELY misunderstood and misused.  It is also easily manipulable, and not consistent. 

Just in this last crypto dump we saw bitcoin's "market cap" lose ~100 billion USD.  But how many coins sold did that take?  And how much would the NEXT 100B take?   What would selling a similar percentage of ETH or XRP do to their market caps?

I think Float and Depth are WAY more important!

[tokeweed]

^  Yeah...  It’s hard to take market cap seriously when you got Doge in the top 10 at CMC and an obviously more valuable project like Monero is not even in the top 20.  It’s a joke and I almost wish that we see Doge take the no. 1 spot just to show those maxis that they’ve been taking themselves way too seriously.

[Hueristic]

I think the market cap is an interesting metric, but WIDELY misunderstood and misused.  It is also easily manipulable, and not consistent.  

I've also seen some shady graphs where they start the price too high so it looks like the coin has been in dump phase its entire existence and shit like rather than stating 18 million coin cap with tail they just list "infinite" right next to a shitcoin that is listed as 100 billion coins that says "capped".

Lots of spinning of the facts going on all over.

Shit zoom out on Binance chart and it starts at .16 and dumped to .0125 on 10/1/2017, it literally looks like it was a pre mined piece of shit that got dumped on people and never recovered.

[tokeweed]

^  In the end that’s good for XMR.  Security thru obscurity.  We don’t want too much attention for XMR just to get a cheap pump like most other coins out there...  BTC included.  The day XMR enters the top 5 is the day the guvment goes after it...  I mean they already got Fluffy.  Just let the user base grow in the darknet til it becomes the de facto currency in that space..  And then it will be too late.

[Hueristic]

^  In the end that’s good for XMR.  Security thru obscurity.  We don’t want too much attention for XMR just to get a cheap pump like most other coins out there...  BTC included.  The day XMR enters the top 5 is the day the guvment goes after it...  I mean they already got Fluffy.  Just let the user base grow in the darknet til it becomes the de facto currency in that space..  And then it will be too late.

No it isn't, piles of small lies like that scare people away and erodes trust.

[tokeweed]

^  It doesn’t matter.  Real users of XMR know enough to trust the tech.  And I think it’s best for XMR to truly decentralize thru domination of a niche market, aka the darknet, where there wouldn’t be a need to convert to USD, EUR, GBP, etc.. anymore.  Where 1 XMR really is equal to 1 XMR.  Not getting to that point was BTC’s mistake.  Somewhere on the road BTC got astray imho.  And the smart guys like binaryFate know this.

Edit:  Geez, talking to you guys makes me ‘care’ again..  I gotta avoid this thread.  Lol.

[cAPSLOCK]

Crypto market looks like it was hit by a missile.

Montango?



Not that it hasn;t taken some hard damage too.

Wonder if some announcement of "Target taking Monero" or some such other nonsense is about to come out?!?

[cAPSLOCK]

OK.. also...

This is just weird.

 

Not only are the weekly cycles becoming super obvious.  But they seem to be coming in groupings of 6 or 7 weeks each.

Anybody hazard a guess as to why that might be?

[explorer]

OK.. also...

This is just weird.

 

Not only are the weekly cycles becoming super obvious.  But they seem to be coming in groupings of 6 or 7 weeks each.

Anybody hazard a guess as to why that might be?

manipulators take holidays, too.

[Hueristic]

https://trading.bitfinex.com/t/XMRF0:USTF0

Derivatives.

[explorer]

OK.. also...

This is just weird.

 

Not only are the weekly cycles becoming super obvious.  But they seem to be coming in groupings of 6 or 7 weeks each.

Anybody hazard a guess as to why that might be?

weak tx data recently seems stronger today?

[cAPSLOCK]

OK.. also...

This is just weird.

 

Not only are the weekly cycles becoming super obvious.  But they seem to be coming in groupings of 6 or 7 weeks each.

Anybody hazard a guess as to why that might be?

weak tx data recently seems stronger today?

Good eye.  And bucking both of the above trends I am calling out.  For months Sat and Sun are the lowest volume days...  wonder what's happening today?

[tokeweed]

Just wondering if anybody knows what percentage XMR is at in DNM transactions.  Is it gaining against BTC?  I think the overall majority of maxis’ support for rejecting the DNM’s is a terrible mistake.  Actual usage as a currency could cushion XMR from huge sell downs during bear markets...  Which could be coming soon. 

[cAPSLOCK]

Some observations:

-Transaction volume is spiking.
-The last time we saw a spike like this was between the 18th and the 23rd of July


-Price (in BTC) and trading volume around that time was not significantly changing
-Price in USD was dropping into this rise in volume because Bitcoin was also dropping


-BTC price is acting somewhat similarly now.
-This activity in July occurred at a local BTC bottom.

I am not rally drawing any conclusions about this. And we have yet to see if the spike continues or is an anomaly.  

But it is all interesting.