[XMR] Monero Speculation

[OrangeP]

Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.

[rangedriver]

Looks like the Polo trading engine fucked up. Affected all the markets.

Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.

We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.

From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.

Target is still 0.036+.

[Febo]

Really thought the BTC ETF would double my BTC in maybe a month or so. Instead XMR did it in 6 days?? I said my target was .0225 the other day, but that seems like a given now. Wonder how many more folks will hedge with Monero? The longer I hedge, the more I read the forums, and my interest grows. Clever marketing boyz

Welcome.  
However, after spending some time in this thread you will realise our biggest flaw (according to our critics) is we do "no marketing".

Moneroj comes with lashings of irony though.

Welcome? I thought the XMR community was hostile and aggressive?  

I know marketing is sore spot, that's why it's clever to have fundamentals as its backbone for marketing. The more you read, the more you see the light. Incidentally, XMR is getting pumped when China is up, wonder if there is any correlation given the capital controls being implemented? Pretty hard to blacklist moneroj... right? Fungibility is becoming more important as every year passes.

Monero community being hostile and aggressive on this forum is a myth. That come form when random people made a bitcoin clone that did not add nothing to crypto, maybe even add few unsolvable plans. When people question them, their only defence was. You are Monero shill and you are afraid of our coin. Those people many times not even hold any Monero. Just because of crypto knowledge had good opinion of Monero.

About your holdings. You dont need to hold only one coin. Just keep some Monero long term and that is it.

[Arvydas77]

Looks like the Polo trading engine fucked up. Affected all the markets.

Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.

We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.

From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.

Target is still 0.036+.

It is normal reaction for XMR touching previous TOP area. It seems that second assault is coming and we also should expect some swinging but I, personally, anticipate that dump effect this time could be less evident.

[TrueCryptonaire]

Looks like the Polo trading engine fucked up. Affected all the markets.

Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.

We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.

From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.

Target is still 0.036+.

While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...

[medusa13]

Wow.

which website is that from?

cryptowatch.de
in Settings, change Chart Style and Theme

[medusa13]

Looks like the Polo trading engine fucked up. Affected all the markets.

Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.

We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.

From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.

Target is still 0.036+.

While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...

Monero is the market leader, just look at the blockchain usage

[OrangeP]

Looks like the Polo trading engine fucked up. Affected all the markets.

Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.

We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.

From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.

Target is still 0.036+.

While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...

Monero is the market leader, just look at the blockchain usage

Monero is the ultimate secure storage of value. It cannot be revealed, seized, tampered or dealt with in any way. The network is fully decentralized and cannot be stopped. For everything else, dash/pivx is a good value proposition.

[TrueCryptonaire]

Looks like the Polo trading engine fucked up. Affected all the markets.

Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.

We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.

From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.

Target is still 0.036+.

While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...

Monero is the market leader, just look at the blockchain usage

Unfortunately Dark coin is having 693 million market cap and Monero 319 million so this is not reflected there at least.

[KeyJockey]

Monero is the market leader, just look at the blockchain usage

Yes, well my theory about what may really be going on with this epic DashPump (outlined above) comes down to IF they can pull this off and artificially stimulate merchant adoption, giving Dashers new places to actually spend their coins, BEFORE the pumpers run out of fuel...?  They MAY be able to create the illusion of success long enough to transition into actually becoming bitcoin's replacement (assuming BTC continues to bang its head against the wall stagnating on the blocksize issue and BTC transactions keep getting slower and slower and more and more expensive, long enough to let something else take over).

IF this happens (latter part of paragraph above) it may mean that *yes*, Dash is worse technology than superior Monero, but it's still just a little bit better, enough, than Bitcoin... to take over BTC's role for people who don't really care about fungibility (privacy).

It doesn't affect Monero really as XMR being real fungible private anonymous *digital cash* will take it's rightful place in that role whether or not BTC or DASH is the non-fungible open blockchain transparent coin option.  Obviously I'd personally prefer to see XMR take over the role of BOTH things but that will depend on the average man on the street starting to actually care about his privacy, and that seems to be a tall order.

ANYWAY... bottom line, for me?  I want to VERY CAREFULLY WATCH AND TRACK the actual increase (possible?) of real Dash transactions... to detect if they're pulling this off successfully or not *before* the fake PUMP will lose fuel and dump back to where it started.

If their attempt works and actual transactions start happening (I have a small suspicion this ploy may actually succeed, even given low odds) then it will make sense to re-buy back into Dash (ugh!) as my crypto portfolio needs to be properly hedged against BTC's possible failure... even buy-in again at these inflated prices of $50 to $100 per coin -- IF it turns out that the DashMaster's ploy here will be successful.  If that happens, and bitcoin dies, and Dash starts replacing real BTC transactions in actual use by normal people, well... then $500+ per Dash coin isn't out of the question.

OTOH if their ploy fails?  If actual transactions don't start happening?  Well, then this was just a failed Epic Hail Mary Pass play and the fake DashPump bubble will crash down again to ten or twenty bucks a coin and we all will be just happy to have stayed out of the fray at all.

Comments?  Whatta you guys think?

And WHERE is the best place/way to monitor actual increasing Dash real world transactions IF it starts happening...?

P.S. {Edit} As just one recent example I've seen, where I've become concerned that this ploy may actually have a chance to succeed my favorite bitcoin online casino site www.bitcoinvideocasino.com recently unveiled, wait for it, www.dashvideocasino.com    

AND they've said they have plans for several other altcoin specific sites including www.monerovideocasino.com but -- here's the thing -- they've started already with DASH.  

So, this is concerning. They did Dash first, and they did it pretty fast.

IF this kind of thing starts happening much more then, yes, maybe the DashMasters could actually have a shot at this Hail Mary Pass being successful (low odds, but still a shot...)

[obit33]

Unfortunately Dark coin is having 693 million market cap and Monero 319 million so this is not reflected there at least.

unfortunately Dark coin isn't used for anything...
except an atm for duffield and the other instaminers...

https://twitter.com/ARKblockchain/status/834841078234767360

real world usage went nowhere since inception...

in the meantime xmr has real world utility, it's the preferred coin by anyone who wants privacy/security/anonimity...

[ultegra]

While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...

so bored hearing the same old horseshit coming out your mouth. Seeing as your such a dash fanboy now and believe that dash is replacing xmr as the market leader in anonymous currencies - even though we all know that dash is not anonymous and is flawed on multiple levels, why dont you sell your xmr if you have any and just STFU.

maybe we can have a collection of donations to pay you to never post in this forum again like was done with NrG. 

[mnemonicsoup]

I don't know why people get so intimidated by Dashs pump, given it's a big pump but that's what cryptos do. It's a good thing Monero is not growing that fast, that just leads to the inevitable dump. Monero is growing at a perfect pace.

No way that Dash is going to replace Bitcoin, it's probably going to replace Auroracoin.

http://kernelmag.dailydot.com/issue-sections/features-issue-sections/11331/auroracoin-history-failure/

Re: Rumours That Dash Will Kill Bitcoin

Since everyone else is too lazy to do this, I will:

	Bitcoin	Dash
Controlled by a decentralized blockchain	✔ (coming centralized)	✘
Distributed worldwide nodes controlling network (distributed ≠ decentralized)	✔	✔
Protocol doesn't pay the money supply to insiders	✔	✘
Doesn't require corrupt lie of governance (democracy is always a power vacuum)	✔	✘
Doesn't have Two-tied network corruption (c.f. prior 2 line items)	✔	✘
Doesn't have steal funding from the money supply (c.f. prior 3 line items)	✔	✘
Scalable, secure subsecond payments (5 seconds much too slow for interactivity needed for microtransactions)	✘	✘
Technically sound anonymity	✘	✘

[OrangeP]

Looks like the Polo trading engine fucked up. Affected all the markets.

Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.

We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.

From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.

Target is still 0.036+.

While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...

Monero is the market leader, just look at the blockchain usage

Unfortunately Dark coin is having 693 million market cap and Monero 319 million so this is not reflected there at least.

Have you got completely crazy? Monero is literally just about to be added to Coinbase and you randomly decide to dump 100K? lol

You realise Dash will never be on Coinbase right?

Coinbase is getting fucked by regulation anyway.

[TrueCryptonaire]

Unfortunately Dark coin is having 693 million market cap and Monero 319 million so this is not reflected there at least.

unfortunately Dark coin isn't used for anything...
except an atm for duffield and the other instaminers...

https://twitter.com/ARKblockchain/status/834841078234767360

real world usage went nowhere since inception...

in the meantime xmr has real world utility, it's the preferred coin by anyone who wants privacy/security/anonimity...

While you might be right Dark coin (I am glad you are using the right term - the most of the old timers remembers this as Dark coin) has very limited real life use cases, Monero is not that much ahead if only in just a fraction of DNM transactions Monero is used. The adaption can be easily overcome, just like it is still quite easy to get larger market cap than bitcoin (after all, it is only 20 billion which is just the smallest tiny bit peanuts when we speak about the market cap of the currencies).

Dark coin is anonymous as well at least in some degree. Now the question is, is it anonymous enough for the most people... At least it is marketed as user friendly for average Joes. I bet for the majority of the people Dark coin probably is anonymous enough. Sure it might be possible for some hard core hacker to crack it... But the super anonymity is needed when super anonymity is needed. If I buy gold from bitgild (or whatever is the name of the gold dealer that accepts Dark coins) I may not need super anonymous transaction but certainly I am not willing to reveal my funds to the dealer either, just for the sake of comfort.

In my opinion, when it comes to developing, Monero should be heading towards user friendliness little by little so that others than DNM can easily adapt it... The bullish price trend is good enough for marketing in my opinion... Hype is not needed as long as the price is in bullish trend and the bag holders have the incentive to hype it and preach it to their network. Bearish coin is, well, depressing to preach and besides that, it is the bullishness that attracts new people into crypto (after all, it is a bit unconventional to first earn your salary in fiat money, then pay fees to trade it into crypto currencies and then spend the crypto in your favorite use cases).

[iCEBREAKER]

You realise Dash will never be on Coinbase right?

Coinbase is getting fucked by regulation anyway.

[infofront]

Looks like the Polo trading engine fucked up. Affected all the markets.

Ethereum is doing exceptionally well right now.
Monero new bottom seems to be above $20.
Dash will be above $80 for a while as it seems.

We were probably going up a little bit too fast anyway. It seems like some peeps were getting a bit too excited.

From here 0.018 looks like a reliable floor taking the 38.2% retracement from the wave: 0.009222 - 0.02349.

Target is still 0.036+.

While some people might be excited I am still frustrated to see Dark coin replacing Monero as the market leader in anonymous currencies.
I hope there can be 2 anonymous coins but I am afraid there cannot be...

Monero is the market leader, just look at the blockchain usage

Unfortunately Dark coin is having 693 million market cap and Monero 319 million so this is not reflected there at least.

Have you got completely crazy? Monero is literally just about to be added to Coinbase and you randomly decide to dump 100K? lol

You realise Dash will never be on Coinbase right?

Coinbase is getting fucked by regulation anyway.

It's true. Many people, including myself, have had their coinbase accounts shut down with no explanation given. The implication seems to be that we sent or received BTC that were "tainted" at some point.

Given the fact that coinbase is trying so hard to appease regulators and bureaucrats, I find it very hard to believe they'll ever accept Monero.

[KeyJockey]

Given the fact that coinbase is trying so hard to appease regulators and bureaucrats, I find it very hard to believe they'll ever accept Monero.

You think coinbase LIKES IT that they have to appease regulators and bureaucrats?  Or they're doing it because they unfortunately HAVE to do it to stay in business?

All that shit they do has a definite COST to them, i.e. it's expensive to gain a new customer: do you think they are happy when they *have to* deliberately throw away a customer's account for no real reason?

IMHO seems to me that coinbase may internally just LOVE Monero now, precisely because it's gonna give them a natural way to be easily able to STOP DOING all that shit (at least for XMR transactions, if not Bitcoin/Ether going forward).

With Monero, they can say, "Oh, yeah sure guys, we would just love to keep tracking all this stuff for y'all but <snap> seems like it just ain't possible with this-here new crypto and its architecture.  Sorry 'bout that.  So, tell ya what: we'll track it as far as we can for ya, just single deposit source and withdraw address, I guess, with the customer viewkey here that we'll require them to give us, but anything after that?  Sorry, you guys gonna be on your own for anything further about any of our customers that you need to investigate.  Guess y'all just gotta go back to old fashioned normal police work again and not make us do all your dirty work for ya any more..."

 

[Hueristic]

Really thought the BTC ETF would double my BTC in maybe a month or so. Instead XMR did it in 6 days?? I said my target was .0225 the other day, but that seems like a given now. Wonder how many more folks will hedge with Monero? The longer I hedge, the more I read the forums, and my interest grows. Clever marketing boyz

Knock knock:  .0225

Well come in and make yourself at home.

What a lovely chart to wake upto this morning. Rangedriver was on the money yet again, think TC should have taken his bet  

Do you have a link to rangedrivers original chart post?

...

Monero is the ultimate secure storage of value. It cannot be revealed, seized, tampered or dealt with in any way. The network is fully decentralized and cannot be stopped. For everything else, dash/pivx is a good value proposition.

Unfortunately this is not true, all that can happen at any hardfork. That being said, the only way I see this happening is if for instance when a protocol is changed something is slipped in there and yes bugs have slipped through so there is no reason to think malicious code cannot. The code may be open sourced but it's documentation is still beyond most. I still haven't seen a flowchart or a simple variable list. Of course I don't check that often but if they exist now can someone link me? I have also found it impossible to get from the Devs the conversations that led to protocol changes and the vetting of those before implementation, case in point rpc changes and I warned about that layers point of attack years ago and guess what I was right.

[Hueristic]

Given the fact that coinbase is trying so hard to appease regulators and bureaucrats, I find it very hard to believe they'll ever accept Monero.

You think coinbase LIKES IT that they have to appease regulators and bureaucrats?  Or they're doing it because they unfortunately HAVE to do it to stay in business?

All that shit they do has a definite COST to them, i.e. it's expensive to gain a new customer: do you think they are happy when they *have to* deliberately throw away a customer's account for no real reason?

IMHO seems to me that coinbase may internally just LOVE Monero now, precisely because it's gonna give them a natural way to be easily able to STOP DOING all that shit (at least for XMR transactions, if not Bitcoin/Ether going forward).

With Monero, they can say, "Oh, yeah sure guys, we would just love to keep tracking all this stuff for y'all but <snap> seems like it just ain't possible with this-here new crypto and its architecture.  Sorry 'bout that.  So, tell ya what: we'll track it as far as we can for ya, just single deposit source and withdraw address, I guess, with the customer viewkey here that we'll require them to give us, but anything after that?  Sorry, you guys gonna be on your own for anything further about any of our customers that you need to investigate.  Guess y'all just gotta go back to old fashioned normal police work again and not make us do all your dirty work for ya any more..."

 

Don't forget that they are fighting in court the blanket request they received for everyone's transaction and personal data. BTW does anyone know how that is going?