[XMR] Monero Speculation

[TrueCryptonaire]

Okay guys/fellow speculators, do you think it is finally time to dump dark coins and pump Monero or shall we wait still to better deals?

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[TrueCryptonaire]

If Monero is able to break 0.017 (the peak/resistance from some time ago) it will be a good piece of news. Let's wait and see what happens.

[kurious]

Okay guys/fellow speculators, do you think it is finally time to dump dark coins and pump Monero or shall we wait still to better deals?

It was time yesterday, TC.  But the smart money knew that and have already dumped.

And the time to buy (not 'pump' - don't use that word, please) was also yesterday - or any day from now on.

[kurious]

If Monero is able to break 0.017 (the peak/resistance from some time ago) it will be a good piece of news. Let's wait and see what happens.

Buy side too low right now, the Dash fiasco has to end - it's sucking up most Polo volume right now.  Another leg down might see money finally desert it. 

[bobmarley650]

Who's next?

Monero?

[kurious]

Who's next?

Monero?

Hope so, but without the taint of engineered fake pump..

[KeyJockey]

For the sake of any newcomers around here, let's just take a step back and look at the view from 40,000 feet as they say.

Monero and Dash are both about 3 years old at this point, Dash launching as "XCoin" then "Darkcoin" only a few months ahead of Monero.

So here's their long-term, all-time charts from CoinMarketCap: XMR first:





...looks fairly flat due to steady simple development and little hype/mania except for one-two big spikes last summer which was almost certainly attributable to the adoption of Monero by important large dark-net-markets or DNM's as they're called.  This two-spike can probably really be considered just one big combo spike due to some overshoot and correction in the later months.

In contrast let's check out Dash's chart:





Uh huh... righty-o there LOL -- pretty clear what the nice folks behind this coin are really all about, eh?

IF this latest big pump does NOT turn out to be just more of the same, only at more extreme scale, it would be a massive change in their reality.

IF there is really some REASON for this massive change in reality (new transaction volume? New listing on big markets? New use case...??  Anything??) I have not heard it yet. 

Is there any Dash fan here who can actually say what is the REASON for this change in reality? 

If not, I'd fully expect this Big Pump to very soon have an equally Big Dump right back to where it started -- just as we can clearly see has happened so many times before, right there plain as day on the chart.  Simple numbers like this don't lie.

Anyway, speculation thread LOL so sure, maybe this is totally wrong of me, but we'll see eventually one way or the other... popcorn ready here, LOL

[Globb0]

We are recovering a bit.

Back up to 0113

[TrueCryptonaire]

Okay guys/fellow speculators, do you think it is finally time to dump dark coins and pump Monero or shall we wait still to better deals?

It was time yesterday, TC.  But the smart money knew that and have already dumped.

And the time to buy (not 'pump' - don't use that word, please) was also yesterday - or any day from now on.

In my opinion it is not stupid to dump Dark coins now either. I doubt the current price can be maintained yet (perhaps in 2019 Dark coin have a stable price of 0.03 btc). Now you can convert 1 Dark coin into 3 Moneros - it used to be like 1+ dark coins to 1 xmr before the dump so Dark coin is still over priced and Monero underpriced.
You can use word buy - I will use word pump because the meaning of pumping refers to driving the price up and that's the whole idea - when  the price is maxed then it is time to dump (or sell as you would call it). Dump is better word in case of Monero though because the selling can be pretty heavy.

[TrueCryptonaire]

I think the two major weaknesses Monero have are 1) No masternodes (only dumpages on the exchanges) 2) No ongoing marketing hype. The result is that the price declines against bitcoin.

Masternodes are a liability.  They are an attack vector for deanonymizing transactions.  We should thank Saberhagen we don't have that.  But I assume you like them because they reduce the liquidity of the float thereby causing swings in price to be more amplified.

And the ongoing marketing "hype" is just bullshit.

You seem to only be interested in Monero as a get rich quick "pump and dump" vehicle.  That's fine.  My priorities are different though.  I do NOT want marketing "hype".  When you make the price rise unnaturally you will pay for it eventually.  In fact it could be argued we are paying for the dark market hype now.

I would propose Dash better meets your desires for a cryptocurrency.

To be honest I should have invested into Dark coin when it was cheap (a couple months ago).... I think it is too late now - I am not saying it cannot go higher but definetely it is not that much of a bargain than it was.
Yes in terms of market capitalization the idea of masternodes is perfect for a crypto in the world we are living (where cryptos are merely speculation tools). Basically anything that locks coins is preventing the major dumps taking place and helps the price to increase as it is easier to pump a coin that has lowish available supply.
I think people investing in Darkcoin understand basic economics. 
I am currently investigating coins to diversify, and I am interested in projects that have opportunity to rise in price. You know, I am not an idealist but a speculator.
And nope, I have no margin positions to any directions.

Woulda, coulda, shoulda,...WCS

Now go start a market hype campaign with your own funds.

Thanks 

Please do not direct the question to the funding issues.....

Why not?

I'm a big believer that if I want something I would rather do it myself. In the same respect I would expect someone who wants something to do the same.

Because me as a funder is kinda weakness of Monero compared to Dark coin that has a set budget for the hyping and pumping.

Weakness in self funding by the community that believes in a project?

Dark/DASH just sacrificed network security to allow MNs to generate "mining rewards" and took that away from the miners who secure the network. Not really a good argument there.

In the early stages this works but when the project goes forward and new people have entered it will not work so the funding system based on donations is pretty short sighted way of organizing it since it relies on the generosity of stingy people...
Also bear in mind, if a small fish donates the projects, it is the whales that benefit the most. 

[mnemonicsoup]

We are recovering a bit.

Back up to 0113

More than recovering if you look at it in terms of dollar/xmr. I find that to be somehow at least as relevant, especially lately when bitcoin was moving dollar/xmr was often very stable.

[kurious]

We are recovering a bit.

Back up to 0113

More than recovering if you look at it in terms of dollar/xmr. I find that to be somehow at least as relevant, especially lately when bitcoin was moving dollar/xmr was often very stable.

Agreed - no one seems to notice this.  We dipped under $12, now it's back to the upper $13.xx / $14 point.  In value terms it's a good sign. Smart money notices these things ;-)

[bobmarley650]

In crypto, everything happens so fast, remember the move in 2016 summer. 

[Globb0]

Thanks for the uncompliment. I like being priced in bitcoin when it rises ofc.

[cAPSLOCK]

And the time to buy (not 'pump' - don't use that word, please) was also yesterday - or any day from now on.

It remains hard for me coming from a stock market past to hear the words pump and dump used in a neutral or positive sense.

They are often unknowingly appropriately used in the cryptocurrency scene as we are like pink sheets on steroids.

It just sounds so ignorant coming from the people on these boards... I guess I am starting to get old.

[LennyCarl]

This is a good article that should encourage us Monero supporters to continue promoting its success and counter the trend towards a "digital-fiat cashless" society:

https://aeon.co/essays/if-plastic-replaces-cash-much-that-is-good-will-be-lost

[Hueristic]

And the time to buy (not 'pump' - don't use that word, please) was also yesterday - or any day from now on.

It remains hard for me coming from a stock market past to hear the words pump and dump used in a neutral or positive sense.

They are often unknowingly appropriately used in the concurrency scene as we are like pink sheets on steroids.

It just sounds so ignorant coming from the people on these boards... I guess I am starting to get old.

I thought getting old would take longer.

It's weird how that shit happens outta nowhere.

[jwinterm]

....

It just sounds so ignorant coming from the people on these boards... I guess I am starting to get old.

I thought getting old would take longer.

It's weird how that shit happens outta nowhere.

[phishead]

Any body feel like throwing a couple romeritos on a March Madness bracket?

Join us over at the Monero Madness thread

[bitwolf]

Guys don't forget not only to buy  but also to mine this gold of ours. After the next 2-3 years the created coins will significantly decrease in number. There are about 5 millions coins in the next 2-3 years to be mined and after that for the next 50 years they will be like also 5 millions. So you might see that dash has almost twice less coins but they gonna make way more coins than monero in the next 20 years. Monero gonna create like 7 Millions, but Dash about 10 Millions. They both gonna have similar slowly progredient max supply after 30 years. Dash will have 18-20M coins, Monero - 22-24M.