[XMR] Monero Speculation

[Genesis1337]

buy on the way down according to the chart above ^^^ 

[Hueristic]

bought all i could at .01685

[smooth]

It's funny how a scamcoin just passed xmr in marketcap, xmr should go down big eventually but i will not do any stupid shorts.

ETC is only a scamcoin if you think the original Ethereum ICO was a scam or something (not debating that). It's the original Ethereum blockchain without the insider bailout. Less of a scamcoin than ETH, not more, imo.

[DaveyJones]

It's funny how a scamcoin just passed xmr in marketcap, xmr should go down big eventually but i will not do any stupid shorts.

ETC is only a scamcoin if you think the original Ethereum ICO was a scam or something (not debating that). It's the original Ethereum blockchain without the insider bailout. Less of a scamcoin than ETH, not more, imo.

Well did they develop anything themselves in the meantime? If not they are as scammy as ETH as they didnt add no value besides of being the classic unchanged chain.

[Genesis1337]

It's funny how a scamcoin just passed xmr in marketcap, xmr should go down big eventually but i will not do any stupid shorts.

ETC is only a scamcoin if you think the original Ethereum ICO was a scam or something (not debating that). It's the original Ethereum blockchain without the insider bailout. Less of a scamcoin than ETH, not more, imo.

ETC is immutable so I dont have a problem with that    

They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.

[Genesis1337]

Currently the best short-term investment in undoubtedly, Monero.

Time to buy as much XMR as possible. Bitcoin & Monero seem to have good future in the next 3 days.

any news for next three days? or are you looking at charts? Idk about monero being best short-term investment, but long term is great without a doubt in my opinion.

[BitcoinNewsMagazine]

There could be more downside risk to XMR/BTC at Polo. If you take a look at the daily chart the StochRSI oscillator is headed down but not in oversold range yet. Possible double bottom set up at .0155. On the other hand price has stabilized at the 50% level from most recent swing low to swing high. Monero is working fine, fees are down after the recent hard fork, traders just need some more time to digest and dismiss the recent FUD.

[explorer]

There could be more downside risk to XMR/BTC at Polo. If you take a look at the daily chart the StochRSI oscillator is headed down but not in oversold range yet. Possible double bottom set up at .0155. On the other hand price has stabilized at the 50% level from most recent swing low to swing high. Monero is working fine, fees are down after the recent hard fork, traders just need some more time to digest and dismiss the recent FUD.

Also really low volume, and a slumping order book. 

[aminorex]

There could be more downside risk to XMR/BTC at Polo. If you take a look at the daily chart the StochRSI oscillator is headed down but not in oversold range yet. Possible double bottom set up at .0155. On the other hand price has stabilized at the 50% level from most recent swing low to swing high. Monero is working fine, fees are down after the recent hard fork, traders just need some more time to digest and dismiss the recent FUD.

Also really low volume, and a slumping order book. 

ho hum.  $20 yesterday, $20 today, and $20 tomorrow.  You'e just looking at BTCUSD upside-down, yo.

[bitebits]

There could be more downside risk to XMR/BTC at Polo. If you take a look at the daily chart the StochRSI oscillator is headed down but not in oversold range yet. Possible double bottom set up at .0155. On the other hand price has stabilized at the 50% level from most recent swing low to swing high. Monero is working fine, fees are down after the recent hard fork, traders just need some more time to digest and dismiss the recent FUD.

Also really low volume, and a slumping order book.  

While with every successful HF protocol update Monero is stronger than before. And many useful and required updates and research to come, thanks to a bunch of dedicated often altruistic internet people.

Especially at this stage of Monero, I can't help to not be bullish. The low volume on Poloniex surprises me.

[smooth]

It's funny how a scamcoin just passed xmr in marketcap, xmr should go down big eventually but i will not do any stupid shorts.

ETC is only a scamcoin if you think the original Ethereum ICO was a scam or something (not debating that). It's the original Ethereum blockchain without the insider bailout. Less of a scamcoin than ETH, not more, imo.

Well did they develop anything themselves in the meantime? If not they are as scammy as ETH as they didnt add no value besides of being the classic unchanged chain.

Why would or should they develop anything themselves? It is just the original ETH chain without the bailout. Not having a bailout doesn't require a whole new and separate development effort.

So yes, in that sense I would say it is as scammy as the original ETH. Since it is the original ETH.

[amaral1977]

It's funny how a scamcoin just passed xmr in marketcap, xmr should go down big eventually but i will not do any stupid shorts.

ETC is only a scamcoin if you think the original Ethereum ICO was a scam or something (not debating that). It's the original Ethereum blockchain without the insider bailout. Less of a scamcoin than ETH, not more, imo.

Well did they develop anything themselves in the meantime? If not they are as scammy as ETH as they didnt add no value besides of being the classic unchanged chain.

Why would or should they develop anything themselves? It is just the original ETH chain without the bailout. Not having a bailout doesn't require a whole new and separate development effort.

So yes, in that sense I would say it is as scammy as the original ETH. Since it is the original ETH.

Although not for me, as i was late for that party, but it was a nice way for people do double coins witout any effort:) So when you say that you don´t make money without working... this might be the perfect exception

[OrangeP]

Heyhey,

hope you all are hodling well. Lets discuss some fundamental price-driving factors again.
My eyes bleed from technical analysis bullshit (yet to see a rich technical analyst)..

- What are the tx-fees on Monero right now?
- How is the Darknet adoption?
- Are there any hardware-wallets coming in?
- Any progress on scaling?
- Any progress on bitcoin-compatible RPC API?
- How many Monero did the referee get from Real Madrid?

Anyone?

[rpietila]

WTB: EUR banknotes@Embassy, pay 1.1*Kraken EUR ask for amount up to 30k only, then previous deals apply.

I will be here 1 more (game)day now.

Girls welcome to DOM in one day.

See everyone @ drop @ 20:00!

[Febo]

Heyhey,

hope you all are hodling well. Lets discuss some fundamental price-driving factors again.
My eyes bleed from technical analysis bullshit (yet to see a rich technical analyst)..

- What are the tx-fees on Monero right now?
- How is the Darknet adoption?
- Are there any hardware-wallets coming in?
- Any progress on scaling?
- Any progress on bitcoin-compatible RPC API?
- How many Monero did the referee get from Real Madrid?

Anyone?

This is far best website with Monero information's, you see there also fees cost and also compared with bitcoin. https://www.monero.how/
You can never know what traders pay with but speculation is that on alphabay  99% is used BTC and 1% is used Monero. It goes par with transactions on Monero and Bitcoin blockchain. 100 vs 1 ( you can again check on website I provide).

About hardware valets is best to ask companies that makes them When they will fell they can make a nice profit they will for sure jump in.

As I know and I am no PRO, Monero can scale no matter on how much transactions happen as long as changes are not sudden.  Where progress will be needed is to reduce blockchain growth. I am sure everyone is aware of it, but is not some super priority since no one expect that Monero will reach par with bitcoin transactions in a year.

[KeyJockey]

- What are the tx-fees on Monero right now?

FWIW it's just anecdotal info but I did a bunch of transactions to move coins to long term cold storage just recently.

I used both the latest version of the GUI wallet and moved some XMR out of some MyMonero wallets too.

MyMonero seems to have still a default-ish miner fee of about 0.026 XMR which presently equals about 0.0004 bitcoin

The latest GUI wallet version on defaults seems to have miner fee of about 0.017 or 0.016-ish, presently equals about 0.0003 bitcoin

So, yes it's less after the last hard fork, as planned.  But not a lot less unless you manually go in and change defaults I suppose.

But IAC the fees in Monero are at a level that should be 'normal' for bitcoin IF bitcoin was working the way it used to (i.e. reasonable fee being 0.0001 or 0.0002)

[whap]

From a TA perspective, as this would seem to be the most reasonable move, i guess we won't even get under .016. And if so, you'll need some quick sticky fingers. No advice, just an idea. 

[Makka]

From a TA perspective, as this would seem to be the most reasonable move, i guess we won't even get under .016. And if so, you'll need some quick sticky fingers. No advice, just an idea. 

I hope it won't drop down lower than 0.016 btc. My friend yesterday showed me his charting analysis showing xmr should go down deeper before moving up again. I am happy to poke his head for his wrong TA.

By the way someone tells me how much supply were created after the hardfork?

[smooth]

So, yes it's less after the last hard fork, as planned.  But not a lot less unless you manually go in and change defaults I suppose.

Correct. The "Low" setting, with fees of 1/4 of default, incurs a higher risk that the transaction may be delayed or even dropped.

However, presently the transaction volume is low enough that even Low fee transactions fit in blocks easily enough. So it is okay to use "Low" for now, and pay much lower fees. In the future you may want to be more careful if the transaction is urgent.

[Nathan047]

They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.

Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too).