[XMR] Monero Speculation

[bitebits]

[...] Also look at the chart and predictions over on tradingview, many traders see a massive cup and handle formation on XMR forming and ready for breakout.

https://www.tradingview.com/chart/XMRUSD/6HdI4WUp-XMR-MASSIVE-CUP-AND-HANDLE/

That is taking the drawing of lines to a whole different level.

[Hueristic]

As much as I would love to see Monero on coinbase, I don’t think that an anonymous coin would work very well on it...

Aaaaaaaaa!  I hate to keep harping on this, but dammit... yet again: it's not "anonymous" that's important: it's FUNGIBLE.

Fungible Fungible Fungible.  

Monero people gotta get this thru our collective heads.  Stop with the "anonymous" red herring trap, please.  Aaaaa.

Besides, being "anonymous" (aaaa!) on coinbase isn't any problem really because of course YOU AIN'T ANONYMOUS ON COINBASE.

Coinbase knows everything about you already, and they'll know (and can report) every XMR you buy on their site with your dollars, no problem, just exactly the same as they know and report every bitcoin you buy and every ether you buy and (now) every litecoin you buy.  No difference, no problem really.

The ONLY thing that's "different" with Monero is they won't be able to track your XMR more than one hop out, once you withdraw it from their exchange and control.  

But why is that a problem really?  Just because they can do that with bitcoin, does it mean they will have to do it with every other coin, even if they can't do it due to technological reasons?

Do banks have to track the dollars you withdraw from your account out to three, four, five transactions away?  OR do they just have to monitor the cash withdrawals from your account to "one hop" out...?  That's exactly what Monero will allow, exactly the same limitations as banks have for cash.  Monero is digital cash.

TL;DR -- there is really no good reason why coinbase or any other exchange cannot support XMR and this "anonymous" red herring argument has GOT to STOP.

Quite true, there are many things that need to be refereed to differently like hard fork needs to refereed to as upgrade like every other coin does. Descriptive words are important and those terms scare people way because they just don't understand them, they are ignorant of them. And those same people think being called ignorant of something is an insult.

[rinus]

Hey guys, i see price is at 27.5 usd. Thats quite nice but it probably has everything to do with rising bitcoin price... I see LTC has made a huge jump... whats up with that? i am a die hard Hodl for monery from 3 years ago, but i cant ignore the fact that the other " big alts " made a huge jump and monery seems to just follow bitcoin price with low volume ( on polo )... any specific reason for this?

[danimlg]

Hey guys, i see price is at 27.5 usd. Thats quite nice but it probably has everything to do with rising bitcoin price... I see LTC has made a huge jump... whats up with that? i am a die hard Hodl for monery from 3 years ago, but i cant ignore the fact that the other " big alts " made a huge jump and monery seems to just follow bitcoin price with low volume ( on polo )... any specific reason for this?

Price on polo is 27,50 USDT, -7% if you wanna know real USD price, anyway, other alts are jumping because they had huge marketing, we don't have that atm... I get sick when I take a look into that huge jumps other coins had in 2017 with way less tech, however I have faith we'll go there too. When? I wish I could know... maybe tomorrow, maybe in 2020 lol

[bovcan]

XMR is only about $1.00 USD from All Time High.  It shows it at $27.75 on Trading View - March 17.

[cAPSLOCK]

This really is an interesting situation...  I cannot come up with a really good analysis really.

[c789]

This really is an interesting situation...  I cannot come up with a really good analysis really.

I've seen that situation before, and I can't figure it out either. All I can say is that I've seen it a handful of times and that the price is still on an upward trend, so I don't sweat it...although I definitely don't get it...maybe it's the only one with real and not inflated value?

[OrangeP]

Now everything had a minor (and necessary) correction. Monero holds it's price.

If you want to secure your money and stay somehow in the game:
Buy Monero. BTC/XMR or (any pumped altcoin)/XMR ratios are cheap now.

[ozkraut]

This really is an interesting situation...  I cannot come up with a really good analysis really.

I've seen that situation before, and I can't figure it out either. All I can say is that I've seen it a handful of times and that the price is still on an upward trend, so I don't sweat it...although I definitely don't get it...maybe it's the only one with real and not inflated value?

That's the conclusion I came to. All good IMHO

[megadeth]

The true effects of Monero's decentralized distribution may take years to play out.

[cAPSLOCK]

This really is an interesting situation...  I cannot come up with a really good analysis really.

I've seen that situation before, and I can't figure it out either. All I can say is that I've seen it a handful of times and that the price is still on an upward trend, so I don't sweat it...although I definitely don't get it...maybe it's the only one with real and not inflated value?

Of the list Monero is the only with a 'real' distribution (organic), some others like LTC and ETH have some decent distribution but its offset by awful concentration or premine. I would say Monero is the only real coin besides Bitcoin.

You know... with there being thousands in BTC volume traded daily.  Millions of dollars a day... there is only really one reason the price is resisting the greater trends in an amazing bull market where even known scam coins are growing orders of magnitude in value.

Someone is selling.

Our bull market is being quietly held down by someone or someones selling.

I believe it's that simple.

[owlcatz]

Perhaps Claymore is finally cashing out?  

[c789]

You know... with there being thousands in BTC volume traded daily.  Millions of dollars a day... there is only really one reason the price is resisting the greater trends in an amazing bull market where even known scam coins are growing orders of magnitude in value.

Someone is selling.

Our bull market is being quietly held down by someone or someones selling.

I believe it's that simple.

That's a reasonable explanation.

If I knew the seller, I'd try to persuade them to wait. There are many things coming that should increase usage and demand (multisig, Kovri, mobile wallets, hardware wallets). Maybe they really, really need the cash now, and if so that's understandable. But there's so much potential ahead. I can't let mine go.

[bovcan]

XMR just hit new ATH in USD.

[CoinCidental]

XMR just hit new ATH in USD.

does anyone have a  new meme to celebrate this joyous occasion ?

[Globb0]

Well last few days I was watching very closely monero and what I saw was it was very manipulated, there were walls either side practically setting the price they wanted and drawing the chart they wanted.

This really is an interesting situation...  I cannot come up with a really good analysis really.

[Nivir]

Well last few days I was watching very closely monero and what I saw was it was very manipulated, there were walls either side practically setting the price they wanted and drawing the chart they wanted.

This really is an interesting situation...  I cannot come up with a really good analysis really.

Accumulation period? I am curious XMR is too silent while the other alts are becoming too noisy and bullish. I guess XMR will zoom out once these altsare done. This time Monero is the main focus. Need to get back that volume and be great again. 

[Quicken]

Hi all,
Great to see another ATH. I'm not looking to sell right now, but I am looking for information/advice on direct XMR to fiat conversion for large sums.

It seems that services include Kraken, Bitfinex, and maybe Bitsquare.

Does anyone have any experience using these services? KYC issues? Withdrawal limits? Security? Privacy?
Best, Q

[KeyJockey]

Maybe it's the AlphaBay people... so something else the LameStream Media will be able to pin on Those Evil Russkies! 

[kurious]

Hi all,
Great to see another ATH. I'm not looking to sell right now, but I am looking for information/advice on direct XMR to fiat conversion for large sums.

It seems that services include Kraken, Bitfinex, and maybe Bitsquare.

Does anyone have any experience using these services? KYC issues? Withdrawal limits? Security? Privacy?
Best, Q

I would be interested in this too - if I convert to BTC then go to Polo - Stamp, then convert USD to Euro to get it out by SEPA, which is in turn converted to GBP by my bank, it loses a fair bit in charges overall...

To be honest, I would prefer a way to simply spend XMR directly, but this is a long way off, even for BTC it's not 'easy' to just buy stuff.