[XMR] Monero Speculation

[smfuser]

...
An 600 million $ marketcap increase for sure does not mean that there were 600 $ dollar invested in bitcoin .... marketcap = total number of coins * current market price ... an increase in the marketcap is not an indicator of how much new money is invested. (You could say that there is new money, but for sure you could not tell that it is 600 millon $.)

Most in here know that, and you seem to be new in here (from your post count) ... i realy can't understand that noone is explaining that to you, instead they are cheering your numbers, what the hack is wrong with you guys? noone? realy?

Others already pointed out the original assumption was mistaken. Moreover, you can't even "say that there is new money" with certainty, as the USD/BTC price can rise when existing Bitcoin holders trade the same or smaller amounts (denominated in USD) of BTC with one another at increasingly higher USD/BTC prices, with no addition of new money.

[1715120882]

1715120882

[rpietila]

The influx would be several magnitudes below the nominal market cap increase.

IIRC someone did a calc to the effect that $1 inflow moved cap by ~$10 during one or another of the btc bubbles.  Anyhow, what moves btc cap by 600 could move XMR cap by 600.   I'd find that amusing.

Rpietila did some I remember.

Yeah, and that was the average over a longer uptrend, such as Jan-Mar 2013.

But in XMR it seems that there is huge volume during uptrend. So this ratio is more muted. More liquid. More good.

[bbc.reporter]

https://www.reddit.com/r/ethereum/comments/51bwgd/the_hacker_has_just_withdrawn_their_booty_from/

If I were 'the hacker' I would, for obvious reasons, be hungry for Monero. The only question is how you get a non-fungible crypto into a the fungible one.

The hackers funds belong to him legitimately free and clear on the etc chain because of the professed principles of the etc devs and community (ones that the devs abandoned and subsequently forked the chain to make a new ethereum without inconvenient principles).

...

That is open to argument because different people see it differently even in the ETC community. But that is not the real problem. The real problem is what does the attacker intend to do with all that ETC? Also can he sell them somewhere other than the exchanges where they will be surely frozen.

The attacker also donated 1000 ETC to the address of the ETC developers. Cheap he should donate a lot more.

[Anon136]

https://www.reddit.com/r/ethereum/comments/51bwgd/the_hacker_has_just_withdrawn_their_booty_from/

If I were 'the hacker' I would, for obvious reasons, be hungry for Monero. The only question is how you get a non-fungible crypto into a the fungible one.

The hackers funds belong to him legitimately free and clear on the etc chain because of the professed principles of the etc devs and community (ones that the devs abandoned and subsequently forked the chain to make a new ethereum without inconvenient principles).

...

That is open to argument because different people see it differently even in the ETC community. But that is not the real problem. The real problem is what does the attacker intend to do with all that ETC? Also can he sell them somewhere other than the exchanges where they will be surely frozen.

The attacker also donated 1000 ETC to the address of the ETC developers. Cheap he should donate a lot more.

He should. If he wants to appear legitimate and he wants his stake to be worth anything he should donate ATLEAST 1/3. Time will tell if he is smart enough.

[nanobrain]

XMR volume remains greater than the sum of all the other coins combined on Polo; I wonder how long it will be before another of the big exchanges announces it is opening a market.

I going to posit that will be the next major news.

[explorer]

XMR volume remains greater than the sum of all the other coins combined on Polo; I wonder how long it will be before another of the big exchanges announces it is opening a market.

I going to posit that will be the next major news.

Well we've been poking at the major exchanges for a year and more.  Kraken, for one, I know replied always that they were aware of it, but too busy to do anything ATM.  I bet the recent weeks' excitement has moved it toward the top of the stack.

[nanobrain]

XMR volume remains greater than the sum of all the other coins combined on Polo; I wonder how long it will be before another of the big exchanges announces it is opening a market.

I going to posit that will be the next major news.

Well we've been poking at the major exchanges for a year and more.  Kraken, for one, I know replied always that they were aware of it, but too busy to do anything ATM.  I bet the recent weeks' excitement has moved it toward the top of the stack.

Yes, you've mentioned Kraken previously.

I find it difficult to believe there are not envious eyes watching the continued volume and not wanting to get themselves a slice. 

When you look at some of the rubbish listed on BTCe and the UI that has gone unimproved for 4 years, for example, it makes you realise that a lot of the older 'established' players across crypto may be getting too comfy.

[smfuser]

...
3. The volume was/is huge. At first I took it as proof of artificial manipulation, but now it's at least possible the volume is real growth. If so, we are still much behind the equilibrium value.
...

Why did you initially believe the huge volume was "proof of artificial manipulation"? Did you think Poloniex was involved? Otherwise, could the cost of commissions be justified? What did you believe to be the goal? Why did you then decide "it's at least possible the volume is real growth" and what is your probability estimate? If it has been real, what would be your thoughts now about equilibrium value?

[Millionero]

smfuser,
Go easy on the question mark key 

[OrangeP]

i made my first darknet Monero purchase, an essential medicine for which i have a prescription. It was cheaper from India. Smooth as silk so far.  High rep vendor, FE, out of band, shipping from India to my country home but mediated by AB.  1 Sept I will try the full AB system.

Is the darknet adaption increasing? I've read numbers of around 5% of the vendors accepting XMR on Alphabay.
 

[kurious]

XMR volume remains greater than the sum of all the other coins combined on Polo; I wonder how long it will be before another of the big exchanges announces it is opening a market.

I going to posit that will be the next major news.

Well we've been poking at the major exchanges for a year and more.  Kraken, for one, I know replied always that they were aware of it, but too busy to do anything ATM.  I bet the recent weeks' excitement has moved it toward the top of the stack.

Yes, you've mentioned Kraken previously.

I find it difficult to believe there are not envious eyes watching the continued volume and not wanting to get themselves a slice.  

When you look at some of the rubbish listed on BTCe and the UI that has gone unimproved for 4 years, for example, it makes you realise that a lot of the older 'established' players across crypto may be getting too comfy.

It's a huge opportunity as you can't throw fiat at Polo, a direct way to purchase this hugely important crypto with cash on another major exchange at a time when interest rates are threatening to go negative will be very positive for XMR.

And it's not an 'if', it's just a 'when'.   I won't use the four-letter S-word on here, let's say.... Imminent™

(Edited for sense)

[smfuser]

...
If that seed is at all compromised, and who is to say they can't Patriot Act their way into it, then it can be the perfect Trojan Horse for a continuation of their Surveillance State.

Capturing the Zcash seed would allow undetectable unlimited inflation (a potentially major risk for holding Zcash as an investment), but it shouldn't break privacy.

[kurious]

i made my first darknet Monero purchase, an essential medicine for which i have a prescription. It was cheaper from India. Smooth as silk so far.  High rep vendor, FE, out of band, shipping from India to my country home but mediated by AB.  1 Sept I will try the full AB system.

WTF is with these people?  They infest this place like ants, and copy post.

https://bitcointalk.org/index.php?topic=753252.msg16089612#msg16089612

Yeah - I spotted that too.  No idea why.

[Globb0]

Dump again, didn't seem to pump that much first this time.

[smfuser]

i made my first darknet Monero purchase, an essential medicine for which i have a prescription. It was cheaper from India. Smooth as silk so far.  High rep vendor, FE, out of band, shipping from India to my country home but mediated by AB.  1 Sept I will try the full AB system.

Is the darknet adaption increasing? I've read numbers of around 5% of the vendors accepting XMR on Alphabay.

I don't know, but FYI Recoon actually copied that post from Aminorex.

[alphahacktivist]

i made my first darknet Monero purchase, an essential medicine for which i have a prescription. It was cheaper from India. Smooth as silk so far.  High rep vendor, FE, out of band, shipping from India to my country home but mediated by AB.  1 Sept I will try the full AB system.

Is the darknet adaption increasing? I've read numbers of around 5% of the vendors accepting XMR on Alphabay.
 

20%

[DaveyJones]

Dump again, didn't seem to pump that much first this time.

~Picture of a Dump on Polo~

Afaik it was a closed long as many BTC went back into the lending market.

[elrippo]

By my vague calculations we should be past .03 if this slow march is enforced for the next 24 hours.

You did notice the two last dumps, so please don't burn yourself.
As i stated earlier, sell your coins and buy in lower again, since this pump seems to follow the schematics (you did notice the correction) from the last one.

[DaveyJones]

By my vague calculations we should be past .03 if this slow march is enforced for the next 24 hours.

You did notice the two last dumps, so please don't burn yourself.
As i stated earlier, sell your coins and buy in lower again, since this pump seems to follow the schematics (you did notice the correction) from the last one.

What i ask myself... how can you compare past pump and dump cycles with this one on WAY different volume and hype.

TA always comes true... besides it does not, but in that case no one bats an eye.

People can throw out 100 different opinions be it TA or anything else... in the end you will only hear from those who predicted right... not wrong

[aminorex]

... continuation of their Surveillance State.

Capturing the Zcash seed would allow undetectable unlimited inflation (a potentially major risk for holding Zcash as an investment), but it shouldn't break privacy.

Controlling the Internet ain't cheap.  And you can't pay for it with legit tax dollars: It's like our whale friend in that, once discussed openly, it disappears into another set of shadows.