[XMR] Monero Speculation

[doc12]

BTW, why they pump Dark coin?  

Stop asking that question here... move over the the Darkcoin Threads

snip

Nice one, nano.  Succinct as always.  You been ok?  Not seen you post lately.

Hi Mr K,
Been on a bit of a crypto sabbatical with a touch of lurking (been enjoying your analyses however).

I can't believe how many folks are still engaging with TC - the ignore button is your friend people.

Anyway, great to be north of 16USD again and hopefully ready to retest the ATH.
Enjoy your Sunday !!

Hi Nano!

Those of us who are up are indeed enjoying this Sunday morning.

Yeah - I lost it with TC, should have left it with something more succinct  It was just frustration.

As for ATH - we need to bust a few shorts who don't want us above 0.014 - ish and I hope the rise will continue.  Perfect timing for us if D*** does (finally) fall back.

I will settle for a $15 - $16 level while we refuel.  It's way better than we've been at lately.  I also think BTC may not hold up now, I was thinking the post-ETF dip was so shallow, it was 2013 Silk Road all over again.  I know reckon it could slide down and alts may benefit.

BTC is struggling to hold 80% of all crypto market, interestingly....  And BTC Wall Observer is full of people talking of 'stability'.  Makes me feel the opposite...

What makes you think price will go up other than charts? Fundamentals?  Is there any scaling solution in sight? Hardware wallets? A GUI wallet that doesn't suck? An API that doesn't suck?  Funding for development?

I'm really curious. To me it sounds that people expect xmr to rise just because. There are reasons for eth's and Dash's rises.
https://getmonero.org/design-goals/ looks promising. But ether and Dash are moving a lot faster.

Don't get me wrong. I want xmr to be successful. But as a speculator I need more than that.

Maybe there are reasons for eth to rise, but dash is a total scamcoin from the beginning and I wouldnt even invest a single satoshi in it.

[nanobrain]

BTW, why they pump Dark coin?   

Stop asking that question here... move over the the Darkcoin Threads

snip

Nice one, nano.  Succinct as always.  You been ok?  Not seen you post lately.

Hi Mr K,
Been on a bit of a crypto sabbatical with a touch of lurking (been enjoying your analyses however).

I can't believe how many folks are still engaging with TC - the ignore button is your friend people.

Anyway, great to be north of 16USD again and hopefully ready to retest the ATH.
Enjoy your Sunday !!

Hi Nano!

Those of us who are up are indeed enjoying this Sunday morning.

Yeah - I lost it with TC, should have left it with something more succinct   It was just frustration.

As for ATH - we need to bust a few shorts who don't want us above 0.014 - ish and I hope the rise will continue.  Perfect timing for us if D*** does (finally) fall back.

I will settle for a $15 - $16 level while we refuel.  It's way better than we've been at lately.  I also think BTC may not hold up now, I was thinking the post-ETF dip was so shallow, it was 2013 Silk Road all over again.  I know reckon it could slide down and alts may benefit.

BTC is struggling to hold 80% of all crypto market, interestingly....  And BTC Wall Observer is full of people talking of 'stability'.  Makes me feel the opposite...

I think you are excused a little head of steam now and again esp. when dealing with fuckwits.

I'll be honest, I have no idea wtf Dash is doing -- I posted a tweet by Charlie Lee a few weeks back in which he basically said "shit tech, no real privacy and lots of hot air marketing - not for me" and I think that sums up my attitude too.  One can only apportion so much energy to this crypto-shit, its pointless obsessing over a coin that you are not invested in either intellectually or financially.  Just block it out.

But I agree with you re BTC - the cultists have had their thumb in their arses about this EFT for so long I don't think they know what to think now.  I skimmed the SEC document and i can't say there's much I would disagree with.  It may have first mover advantage but it (BTC) has taken so many wrong turns over the years (and lost sight of any guiding principals, if any really existed) that its difficult to see where it is headed. 

An interesting figure you quote there of 80% - one thing the EFT might have done is get some new money into crypto.  That would have been good for everyone.  But I'd agree with you, BTC is probably going to go down before it goes up again, perhaps a slow bleed and a further influx of 'crypto is dead' trolls. #ennui

[OrangeP]

The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

[bitwolf]

So ladies and gentlemen, we are heading to the final lap in this BIG millenial cryprobattle. And the prime contestants are:

Télécharger des photos

The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

open your eyes...?  I'm not giving my money to scam,  I don't know what you meant to say.

[TrueCryptonaire]

The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

I've tried to explain this all the time.
The fact that a coin has a premine doesn't make it scam in the first place. It is just the seed fund/starting capital of the project and means to pay to the developers.
That being said, I advice to be extremely critical to the coins with premine - the premine is incentivizing scammish activities (dump the premine to the noobs and run to the next scam). To claim Dark coin a scam is using the same logic that a start up is a scam because it has initial funding from the investors.
When it comes to pyramid schemes, any coin is a pyramid scheme: the new buyers bail the current holders/miners out. So in that sense Dark coin is not a scam either more than any other investment. Quite the opposite, the pyramid is the form of investment that can make one rich.

[bitwolf]

The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

I've tried to explain this all the time.
The fact that a coin has a premine doesn't make it scam in the first place. It is just the seed fund/starting capital of the project and means to pay to the developers.
That being said, I advice to be extremely critical to the coins with premine - the premine is incentivizing scammish activities (dump the premine to the noobs and run to the next scam). To claim Dark coin a scam is using the same logic that a start up is a scam because it has initial funding from the investors.
When it comes to pyramid schemes, any coin is a pyramid scheme: the new buyers bail the current holders/miners out. So in that sense Dark coin is not a scam either more than any other investment. Quite the opposite, the pyramid is the form of investment that can make one rich.

2 Millions in the first 30 hours are still a bit too much, comparing to total 7 millions coins three and a half years later. Where did this money go? And btw you can't compare investment with a well known fiat currency which has a stable value to a just newly created one of thousands coins, started as a joke(from the devs). If they thought that darkcoin, dash, xcoin ... whatever will succeed why they didn't instamine like only 1000? Why 2 Millions. Thats what scam coins make.

[Globb0]

I'll be honest, I have no idea wtf Dash is doing -- I posted a tweet by Charlie Lee a few weeks back in which he basically said "shit tech, no real privacy and lots of hot air marketing - not for me" and I think that sums up my attitude too.  One can only apportion so much energy to this crypto-shit, its pointless obsessing over a coin that you are not invested in either intellectually or financially.  Just block it out.

But I agree with you re BTC - the cultists have had their thumb in their arses about this EFT for so long I don't think they know what to think now.  I skimmed the SEC document and i can't say there's much I would disagree with.  It may have first mover advantage but it (BTC) has taken so many wrong turns over the years (and lost sight of any guiding principals, if any really existed) that its difficult to see where it is headed.  

I'm totally with you but I'm recalled back to Doge coin, silly coin all left it alone. Some made loads.

How different would BTC be with Satoshi in place, projects need visionaries. They do seem like headless chickens now.



Much wow yes

/P

[kurious]

I think you are excused a little head of steam now and again esp. when dealing with fuckwits.

I'll be honest, I have no idea wtf Dash is doing -- I posted a tweet by Charlie Lee a few weeks back in which he basically said "shit tech, no real privacy and lots of hot air marketing - not for me" and I think that sums up my attitude too.  One can only apportion so much energy to this crypto-shit, its pointless obsessing over a coin that you are not invested in either intellectually or financially.  Just block it out.

But I agree with you re BTC - the cultists have had their thumb in their arses about this EFT for so long I don't think they know what to think now.  I skimmed the SEC document and i can't say there's much I would disagree with.  It may have first mover advantage but it (BTC) has taken so many wrong turns over the years (and lost sight of any guiding principals, if any really existed) that its difficult to see where it is headed.  

An interesting figure you quote there of 80% - one thing the EFT might have done is get some new money into crypto.  That would have been good for everyone.  But I'd agree with you, BTC is probably going to go down before it goes up again, perhaps a slow bleed and a further influx of 'crypto is dead' trolls. #ennui

Yeah - I can't believe Dash other than a pretty smart campaign of shiny stuff and restricting supply plus walls and pumping by whales in conjunction with the central cabal, clever but it will end in tears.

The D-heads are such 'true believers' someone sent me a map of 'where to spend dash worldwide' via Polo trollbox and I checked it. In UK, all I could see was a company called 'party cakes for U' and a locksmiths in the north of England.  

OK no one has real retail adoption in crypto, not even BTC to a decent extent.  But really, the D-heads think it's already here.

I agree in SEC, was never convinced - I sold a lot of BTC to catch the drop and no bids were filled, which surprised me.

So - with all the potential stumbles ahead - a slide is looking likely.  And this is why alts are flourishing now - no way you will get 20% in a day on BTC anytime soon, other than maybe in losses...

But at $16.80 as I type, XMR is making my day rather special - been awfully quiet and having predicted a February breakout since last autumn, I was pretty down on the price.  

Now I see Monero was just getting out of bed a bit late and waiting for dash and BTC look rather toppy.

Pushing $17 now...  Hoo-bloody-ray!

[OrangeP]

The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

I've tried to explain this all the time.
The fact that a coin has a premine doesn't make it scam in the first place. It is just the seed fund/starting capital of the project and means to pay to the developers.
That being said, I advice to be extremely critical to the coins with premine - the premine is incentivizing scammish activities (dump the premine to the noobs and run to the next scam). To claim Dark coin a scam is using the same logic that a start up is a scam because it has initial funding from the investors.
When it comes to pyramid schemes, any coin is a pyramid scheme: the new buyers bail the current holders/miners out. So in that sense Dark coin is not a scam either more than any other investment. Quite the opposite, the pyramid is the form of investment that can make one rich.

2 Millions in the first 30 hours are still a bit too much, comparing to total 7 millions coins three and a half years later. Where did this money go? And btw you can't compare investment with a well known fiat currency which has a stable value to a just newly created one of thousands coins, started as a joke(from the devs). If they thought that darkcoin, dash, xcoin ... whatever will succeed why they didn't instamine like only 1000? Why 2 Millions. Thats what scam coins make.

I agree! 100%. What I meant with open your eyes is that people just do not care. So unless the preminers kill the coin it will be well alive. And the preminers have no incentive to do so as they get nice profits from rising prices and running masternodes.

[rangedriver]

This time we're going all the way to 0.036+. Last chance to board the rocket.

[cryptimus prime]

XMR will be the one coin profiting from the DASH bubble blasting. Have patience. XMR is still the cheapest coin with a real case use. Just watch the reddit user base growth in the last months. It is pretty logical where the money from ETH and DASH will flow.

Hope its ok to quote myself.  

You may be right eventually, but this increase isn't coming from a Dash-crash. Unfortunately.

Be patient young padawan.

The DASH crash will fuel the XMR rocket. The DASH pump is just the harbinger of the XMR spaceship going over 20 USD.

[rangedriver]

... of the XMR spaceship going over 20 USD.

Understatement.

Make no mistake. XMR is about to do an easy double.

[ultegra]

... of the XMR spaceship going over 20 USD.

Understatement.

Make no mistake. XMR is about to do an easy double.

those who kept the faith will be rewarded 

had no doubt that this was on the cards, my only hope is BTC does not tank.

[Globb0]

Someone is trying hard to dump the price but its not getting them very far yet.

[RayX12]

Someone is trying hard to dump the price but its not getting them very far yet.

Hopefully shorters that will get killed! 

[nanobrain]

The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

I've been in crypto long enough to tell you that price is absolutely no indicator of whether something is a 'scam' (Labcoin had a great price...oh it was a scam; NeoBee had a good price but...oh yeah it was a scam...and these are just the top of head projects that were going to change the world).

And please don't start with that 'fiat is a scam' shit - crypto is not going to solve the social problems caused by economics, finance or politics or indeed human nature.

[elrippo]

The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

I've been in crypto long enough to tell you that price is absolutely no indicator of whether something is a 'scam' (Labcoin had a great price...oh it was a scam; NeoBee had a good price but...oh yeah it was a scam...and these are just the top of head projects that were going to change the world).

And please don't start with that 'fiat is a scam' shit - crypto is not going to solve the social problems caused by economics, finance or politics or indeed human nature.

+1

[eaLiTy]

XMR staying above $16.00 right now on poloniex. I am praying that we can hit @20 this weekend,(dump from Dash into XMR. We will see!

The price of all the major coins are rising and do not expect people to dump a specific coin as you said from Dash to Monero as both coins are reaching their all time high valuation and it is highly unlikely it would see a correction in one coin,if we see a correction we will see in all the major coins and that is how things work.

[CTTE]

So, I've been thinking about what could possibly be driving "Darsh" to these absolutely stupid prices but nothing makes sense. So, besides the obvious things that others have pointed out I have bit of a conspiracy theory... if I was part of one of those government agencies with a three letter acronym, and I wanted to make a statement that cryptos even or especially the privacy touting coins were breakable and thus discourage the usage of all crypto, what would be the easiest target? And how would I go about it? 

As part of the government, I have deep pockets so I buy many thousands of that coin without caring about driving the price up, in order to set up a large number of Masternodes to track transactions between them. Now I can sit back gather info just like capturing cell phone traffic, and wait to blow up this network/coin and "Prove" that ALL crypto is not private. And it doesn't matter if it's really true or not I just have to create significant doubt.

Of course that would never work if they were trying to attack Monero.

I'm not saying that all the buying is being done by this agency, I'm saying that if you don't have a profit motive and you're planning to make something worthless anyway, you keep buying under the cover of a pump and you don't care about the price that much.

This is a "Possible" theory, maybe not probable and I'm not even saying I fully believe it myself but, when all reasonable causes can't possibly explain something then you maybe have to look at the more unlikely but plausible explanations.

So, now I've shown my lunacy...  please don't put me away! 

[RayX12]

So, I've been thinking about what could possibly be driving "Darsh" to these absolutely stupid prices but nothing makes sense. So, besides the obvious things that others have pointed out I have bit of a conspiracy theory... if I was part of one of those government agencies with a three letter acronym, and I wanted to make a statement that cryptos even or especially the privacy touting coins were breakable and thus discourage the usage of all crypto, what would be the easiest target? And how would I go about it?  

As part of the government, I have deep pockets so I buy many thousands of that coin without caring about driving the price up, in order to set up a large number of Masternodes to track transactions between them. Now I can sit back gather info just like capturing cell phone traffic, and wait to blow up this network/coin and "Prove" that ALL crypto is not private. And it doesn't matter if it's really true or not I just have to create significant doubt.

Of course that would never work if they were trying to attack Monero.

I'm not saying that all the buying is being done by this agency, I'm saying that if you don't have a profit motive and you're planning to make something worthless anyway, you keep buying under the cover of a pump and you don't care about the price that much.

This is a "Possible" theory, maybe not probable and I'm not even saying I fully believe it myself but, when all reasonable causes can't possibly explain something then you maybe have to look at the more unlikely but plausible explanations.

So, now I've shown my lunacy...  please don't put me away!  

I just think is scarcity due to Master Nodes.  People know it and want to make a kick buck.  I had made some BTC on Dash but unfortunately I got caught on this XMR down wind and lost it!

And now BTC decides to rally so I got double fucked!  I am holding to see if BTC crashes which wold spike XMR sky high I hope!