[XMR] Monero Speculation

[KeyJockey]

Well, by passing $18.40 (and breaking $19) we have now achieved the ATH price when measured against the USD.

I would suggest this metric is actually far more reliable than the BTC market since last Sept (the last generally regarded ATH) BTCs price was about 50% less against the USD than it is today.  Compared to BTC the USD has been relatively stable over the same period.

If BTC's price was the same today as back then, we'd be around 0.05BTC.

So....whoo hoo

Yeah that may well be but, I dunno, for some reason I still feel better when some alt-coin that I own sees its value rise more when priced in bitcoin, versus when priced in dollars.

Maybe it's because, I dunno, cryptocurrency is more like REAL MONEY or something...?  Rather than interpreting value via that weird old-fashioned funny green printed paper stuff?  LOL

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[nanobrain]

What do you think about new ATH on a btc pair? Will we be able to set it in the spring? I think we can see 0.02 very soon but can we bit 0.0265 despite new btc price?

I don't know and think interest is something of a furphy (although given the crypto-sphere's insularity unsurprising).  Such a figure is as dependent on BTC's "value" as it is on XMR's; if BTC lost 50% of its value against the USD and Monero's dollar value remained steady you could buy twice as many BTC.  Would it matter to you?  Would that be a reflection of XMR's strength or BTC's weakness?

In terms of economic value it all gets reduced down to buying power does it not? I appreciate there are other considerations such as inflation that make these tensions more complex but let's appreciate what is happening rather than obsessing over other coins. At present Monero's buying power is (at time of writing) round about as high as its ever been. So, once more...woo hoo.

[Genesis1337]

enjoying the trip to the moon right now! feels good. I definitely hope that we see $20 by the end of the week.

[OrangeP]

Dash is now worth twice as much as Monero and people here still believe that the majority of users value integrity of a coin over marketing and usability. Stay in your dream world icebreaker noob.

I'll stay diversified. My Dash position is now as big as my xmr position because it 7x'ed.

[Genesis1337]

Dash is now worth twice as much as Monero and people here still believe that the majority of users value integrity of a coin over marketing and usability. Stay in your dream world icebreaker noob.

I'll stay diversified. My Dash position is now as big as my xmr position because it 7x'ed.

Monero is better than Dash tho. The demand alone will do more than Dash marketing in the future, once cryptocurrency total market capitalization starts growing more.

[cryptimus prime]

I'll stay diversified. My Dash position is now as big as my xmr position because it 7x'ed.

It makes sense to diversify but not into coins like DASH which has no future, nor development and can lose all the value over night just because some owners cash out.
XMR and ETH are legit projects with active development and communities.

DASH is a big baloon, a bubble which will blast and harm a lot of people who, lets be honest, do not deserve better.

[Erowind]

I'd use XMR if it had Ledger Nano S support. I'm too paranoid to mess around with crypto not supported by the nano atm. I'm still very much a noob with crypto right now, but that hasin't stopped me from dollar cost averaging the **** out BTC and ETH over the last month.

[Hueristic]

Monero has the largest vol on bisq:

Bisq? WTH is that? Ahh a rename of bitsquare. Wanna explain how that works? I've never used it. is there an escrow system or something? How do they decentralize the transactions?

[Hueristic]

Morning all (and nice to see Risto back with a post)

Sipping my morning coffee and I see we are over $17 again, in spite of BTC resilience post ETF.

Volume on Polo buy side back at healthy levels, too.

All rather good....

EDIT: And back to no. 4 market cap - comfortably above Ripple.  Cream in my coffee today

I'm actually happy to see the sell back down to low 200k's, It's been a very long time since I've seen that!

[Hueristic]

Happy with price, but it's still looking oversold...

I never understood why you think it's oversold? What is your crystal ball saying? We get about 18k per day right? It looks to me like it's being held tighter lately. and the 1k of btc on the buy side that keeps popping up and disappearing seems to be a manipulator so maybe the 100k on the sell is as well?

[TrueCryptonaire]

What do you think about new ATH on a btc pair? Will we be able to set it in the spring? I think we can see 0.02 very soon but can we bit 0.0265 despite new btc price?

I doubt that it will achieve new ATH any time soon... The chances are Monero is heading towards long term apathy period same as in 2014... But I am glad if you guys prove me wrong here...  

[rangedriver]

But I am glad if you guys prove me wrong here...  

Wanna make a bet for a few BTC? I say XMR will hit ATH within the next 18 days. You can bet against.

We can use a mutually trusted escrow if you like.

Game?

[Hueristic]

But I am glad if you guys prove me wrong here...  

Wanna make a bet for a few BTC? I say XMR will hit ATH within the next 18 days. You can bet against.

We can use a mutually trusted escrow if you like.

Game?

He will never put his money where his mouth is as he knows nothing that comes out of it is worth a shit.

I'm a betting man but I won't take that bet!

[explorer]

But I am glad if you guys prove me wrong here...  

Wanna make a bet for a few BTC? I say XMR will hit ATH within the next 18 days. You can bet against.

We can use a mutually trusted escrow if you like.

Game?

My faith rattled slightly with the dash short call. (I was saved when I balked at the lending rates )  But I want to believe that you are still always right  

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[kurious]

Happy with price, but it's still looking oversold...

I never understood why you think it's oversold? What is your crystal ball saying? We get about 18k per day right? It looks to me like it's being held tighter lately. and the 1k of btc on the buy side that keeps popping up and disappearing seems to be a manipulator so maybe the 100k on the sell is as well?

I take a look at weekly Stoch RSI charts from time to time and late Feb was as oversold as it's been since mid October last year.  We peaked around Christmas (new dollar ATH set) while we went up along WITH Bitcoin (which was pretty amazing).  We have been heading back to a more balanced position, but it's still not overbought yet from what I see. Just er... Goldilocks-ish.

I have noticed this rise (while volume is at last healthy) has still seen far less BTC stacked on the buy side.  So the BTC that's in Polo is not so much aimed at XMR. You're right to say coins for sale appear to be held tightly.

I think people know XMR could spike so they are keeping an eye, but Dash and ETH are scooping up the Oxygen.  I expected a spring bounce in late Feb, but of course we flatllined until a few days ago.   It's a price reset that was due - but I still think there is room for more - depending on many outside factors..  BTC direction, scaling and forks, Dash eventual crash....

I do not have a crystal ball, but I do have one or two XMR and I keep my eyes well and truly open.

[kurious]

What do you think about new ATH on a btc pair? Will we be able to set it in the spring? I think we can see 0.02 very soon but can we bit 0.0265 despite new btc price?

I don't know and think interest is something of a furphy (although given the crypto-sphere's insularity unsurprising).  Such a figure is as dependent on BTC's "value" as it is on XMR's; if BTC lost 50% of its value against the USD and Monero's dollar value remained steady you could buy twice as many BTC.  Would it matter to you?  Would that be a reflection of XMR's strength or BTC's weakness?

In terms of economic value it all gets reduced down to buying power does it not? I appreciate there are other considerations such as inflation that make these tensions more complex but let's appreciate what is happening rather than obsessing over other coins. At present Monero's buying power is (at time of writing) round about as high as its ever been. So, once more...woo hoo.

Spot on, Nano.

I keep a spreadsheet of everything I have in crypto and have for four years or so.  What it tells me is how much I have in fiat to cash out - not bananas.  My mortgage, that car or holiday are priced in fiat - so it makes sense.

[kurious]

But I am glad if you guys prove me wrong here...  

Wanna make a bet for a few BTC? I say XMR will hit ATH within the next 18 days. You can bet against.

We can use a mutually trusted escrow if you like.

Game?

USD or BTC?

[rangedriver]

USD or BTC?

BTC

[obit33]

Dash is now worth twice as much as Monero and people here still believe that the majority of users value integrity of a coin over marketing and usability. Stay in your dream world icebreaker noob.

Now if only it would actually be used for something...
https://twitter.com/ARKblockchain/status/834841078234767360

stay in your bubble bro  

edit: stats for xmr: https://www.reddit.com/r/Monero/comments/5z8ac4/monero_usage_stats_continue_to_rise/

see the difference? One is an overhyped and overmarketed token without a real use-case and flawed features, the other one has steady progress, without aggressive marketing and hyping and with a real use-case...

anywayz, good luck!

best regards

[kurious]

Dash is now worth twice as much as Monero and people here still believe that the majority of users value integrity of a coin over marketing and usability. Stay in your dream world icebreaker noob.

Now if only it would actually be used for something...
https://twitter.com/ARKblockchain/status/834841078234767360

stay in your bubble bro  

edit: stats for xmr: https://www.reddit.com/r/Monero/comments/5z8ac4/monero_usage_stats_continue_to_rise/

see the difference? One is an overhyped and overmarketed token without a real use-case and flawed features, the other one has steady progress, without aggressive marketing and hyping and with a real use-case...

anywayz, good luck!

best regards

I will keep this for reference. You never know when it will be needed