[XMR] Monero Speculation

[Febo]

I would really like to know why fluffy has not responded to my question in the main thread when I see him posting drivel on reddit. Has the team given up on BCT? Even smooth has been conspicuously absent recently. I figured it was the holiday weekend (US anyway) but now I wonder.

aminorex and luigi are now also core team. Well some time now already.
You cant expect that fluffypony can monitor 10 different communication channels.
Many times i see he is alerted on IRC if he should answer something somewhere.

[cardboardoranges]

I would really like to know why fluffy has not responded to my question in the main thread when I see him posting drivel on reddit. Has the team given up on BCT? Even smooth has been conspicuously absent recently. I figured it was the holiday weekend (US anyway) but now I wonder.

aminorex ArticMine and luigi are now also core team. Well some time now already.
You cant expect that fluffypony can monitor 10 different communication channels.
Many times i see he is alerted on IRC if he should answer something somewhere.

ftfy...

[Kramerc]

Some short term chart speculation, since this thread is missing a lot of it:

Happy tarding!

[needmoney90]

Some short term chart speculation, since this thread is missing a lot of it: https://i.imgur.com/uU5g2eN.png

Happy tarding!

Would you mind posting that on http://www.reddit.com/r/xmrtrader? Either the daily thread or as a separate, either would be appreciated.

[smoothie]

Happy tarding!

  funny

[Hueristic]

I agree With Febo, the 1/2ing is already been priced in and it's just going to bounce around this point and then there will a profit taking when it doesn't rocket. Pretty much exactly what i predicted when I divested, I've seen nothing to change that opinion. Luckily XMR caught a break with ETH fail but really has not benefited as much as it should have. I think this is because the general userbase still does not really know what is the truth (I.E. why cap is so small for such a great project) and are afraid to take a chance especially anyone that looks at the long term graphs and see's the Serious dumps that have occurred. I'm still 99.9% certain my forcast was correct and even with the ETH fail will come out ahead with my strategy.

I would really like to know why fluffy has not responded to my question in the main thread when I see him posting drivel on reddit. Has the team given up on BCT? Even smooth has been conspicuously absent recently. I figured it was the holiday weekend (US anyway) but now I wonder.

Try asking the question on reddit.

I don't use reddit, I just don't like the format at all.

I would really like to know why fluffy has not responded to my question in the main thread when I see him posting drivel on reddit. Has the team given up on BCT? Even smooth has been conspicuously absent recently. I figured it was the holiday weekend (US anyway) but now I wonder.

aminorex and luigi are now also core team. Well some time now already.
You cant expect that fluffypony can monitor 10 different communication channels.
Many times i see he is alerted on IRC if he should answer something somewhere.

I really don't care who answers me I said fluffy because if you will notice it was a conversation we were having and he just stopped right in the middle.

[explorer]

network 23.25 MH/s   
active node count holding solid above 200
I speculate giant bananas!

[Monerobuyer0]

network 23.25 MH/s   
active node count holding solid above 200
I speculate giant bananas!

Is it true?

[smooth]

I would really like to know why fluffy has not responded to my question in the main thread when I see him posting drivel on reddit. Has the team given up on BCT? Even smooth has been conspicuously absent recently. I figured it was the holiday weekend (US anyway) but now I wonder.

I have been busy and reduced time on forums. Not absent though. No idea about fluffypony, but I know he has not spent a lot of time on bitcointalk for quite a while and has been more active on reddit and twitter (and maybe others).

[Hueristic]

I would really like to know why fluffy has not responded to my question in the main thread when I see him posting drivel on reddit. Has the team given up on BCT? Even smooth has been conspicuously absent recently. I figured it was the holiday weekend (US anyway) but now I wonder.

I have been busy and reduced time on forums. Not absent though. No idea about fluffypony, but I know he has not spent a lot of time on bitcointalk for quite a while and has been more active on reddit and twitter (and maybe others).

good to see you.

[woola3]

It's like traders are looking for a coin to use in case btc crashes after the halving . Eth is pretty unstable now especially if you consider the upcoming hard fork, and the litecoin seems outdated. Monero has a good chance to be the chosen one this time.

[americanpegasus]

It's like traders are looking for a coin to use in case btc crashes after the halving . Eth is pretty unstable now especially if you consider the upcoming hard fork, and the litecoin seems outdated. Monero has a good chance to be the chosen one this time.

[Hueristic]

^^^ Good one AP!

[U253]

It's like traders are looking for a coin to use in case btc crashes after the halving . Eth is pretty unstable now especially if you consider the upcoming hard fork, and the litecoin seems outdated. Monero has a good chance to be the chosen one this time.

hope you are right

[ArticMine]

My take is what is driving up the hashrate in Monero and down the hashrate in Ethereum is the change in XMR/USD and ETH/USD, since the cost of mining is effectively tied to fiat.

If Ethereum gets into trouble with their hard fork change to a Centralized Virtual Currency (FinCEN definition) and some of some of the capitalization moves to Monero then the impact on Monero will be first felt on the price and then on the hashrate and not the other way around.

My nodes are showing 24.09 MH/s for the Monero hashrate so it is climbing.

[s1gs3gv]

So … what is the consensus on how far XMR is going to retrace from this current move to ~ .003 ?

[americanpegasus]

So … what is the consensus on how far XMR is going to retrace from this current move to ~ .003 ?

More importantly, what do you think would happen if 1 or 2 Gh/s were added to our network?

[ArticMine]

So … what is the consensus on how far XMR is going to retrace from this current move to ~ .003 ?

More importantly, what do you think would happen if 1 or 2 Gh/s were added to our network?

A 2GH/s hashrate for Monero would require a ~80x increase in price and market cap if we assume no change in mining technology; namely still the same CPU / GPU mix.  So we would be looking at around 160 for XMR/USD and a market cap of around 2 billion USD, in order to support such an increase in hashrate.

[americanpegasus]

So … what is the consensus on how far XMR is going to retrace from this current move to ~ .003 ?

More importantly, what do you think would happen if 1 or 2 Gh/s were added to our network?

A 2GH/s hashrate for Monero would require a ~80x increase in price and market cap if we assume no change in mining technology; namely still the same CPU / GPU mix.  So we would be looking at around 160 for XMR/USD and a market cap of around 2 billion USD, in order to support such an increase in hashrate.

[aminorex]

First intraday support band for XMR looks like 260k-270k range.  Second support 248k, and third support 228k.  Such a wild ride!

Of course on a daily or weekly basis, it's still in a confirmed uptrend.  That won't change any time soon unless it breaks all intraday support levels, hard, with a bullet, which is a <1% chance.

My guess is that we make new 2016 highs in August, somewhere between 500k and 600k.