[XMR] Monero Speculation

[Hueristic]

A certain faction of Monero people like to believe that if you don't 'get the joke' then you don't really understand what Monero is all about.

It's bullshit.

It's now the official narrative as retweeted by FluffPonzi "Judging by all the butt hurt on the #XMR hashtag and subreddit I'd say @fluffyponyza just got all the right people out of Monero"

That's indeed horse crap. And ridiculous.
Fluffy shot himself in the foot tonight.

So, who gave him the right to decide who should be here and who shouldn't?  Especially if he is "not a leader in the Monero community" as he states, what right does he have to pull a stunt like this that affects the rest of us?

He owes everyone involved here a sincere apology and a change of heart. So, what did He do back when the main dev for BCN became an Asshole?  He forked the code...

Edit: Formatting...

The morons who evangelized him gave him the right and if you are stupid enough to trade on his word then your the fool.

[1715597734]

1715597734

[1715597734]

1715597734

[1715597734]

1715597734

[Wekkel]

So I guess the internals of Monero suddenly changed by a guy talking anarchy.

[paratox]

If people weren't greedy , this whole thing would have gone differently. If people would have just waited until they knew what the announcement is about, nobodies finance would have gotten hurt.

That is an absolute "untruth"! I didn't change anything coming up to the "announcement" that I wasn't doing regularly. A bit of swing trading buying dips and selling peaks but miniscule amounts like 100-200 monero at a time.

Maybe in your eyes. For me it is the truth, because I see daytrading as greedy behaviour.

But I hold a fair amount (for me) and the loss of value of my holdings was excessive, like almost a year's salary!

So, how does that not hurt!

If people waited, there wouldn't have been a pump this size and there wouldn't have been a dump this size(most probably). So how would you have lost money?

[sui_generis]

People would have lost the money anyway once this altcoin bubble bursts. Fluffy just made it happen more quickly, and in a more poignant way.

[Hueristic]

really sad how all this turned around.

how fucked up is that

im not sure i can and want to contribute to this project anymore.


when we did the gui release, we always tried to keep fronrunning at a minimum and keep it correct, because it would bring shame over all the contributors if there is obvious insider action.

now you invite the twitter idiot whalepanda and friends to short against the most vulnerable monero members, the new noobs that joined just 2017 ?
just to teach them a lesson they would learn by themselfs anyway ?

you put shame over all of us today.

I'm disappointedand kinda start to hope monero stays the fuck hobby project you guys want it to be so badly.

We disagree often but I have to say that I wholeheartedly agree with this sentiment.

[goin2mars.]

Kneejerk reactions of the poor souls undoubtedly considering self-defenestration and the sudden heated urge to plow all my remaining fiat into the market aside, I'm noticing increasingly erratic behavior among very specific people on a recurring basis and am finding myself wondering if they are uniquely correlated to each other beyond the obviously pumpy marketplaces.

Also, has anyone given a feedback on how the meetup went, as opposed to how it didn't?

[Igor76200]

https://www.reddit.com/r/Monero/comments/6d743a/insider_trading_questions/

See, this is how XMR reacts. Look at the reaction of this Gingeropoulos dog.

Monero have lost its reputation tonight. The lack of sense of public relation of the Team isn't helping. Who could have imagined to deal with such f... AMATEURS

PS/ for all the barstood psychologists out there, I haven't buy in the fake pump nor lost a single penny. Actually I was holding a pack of XMR since the 10 dollar mark.

[TrueCryptonaire]

Nice pump and dump guys!
When I speak about raking money from you guys, days like these are the very ones I meant.

Right now I am not seeing Monero going up but down.
I hope nobody did margin long Monero, that is pretty much the worst thing to do.

A few days ago I got a lot of hatred, and look what happened to Monero now..? 

[Adam D Levine]

I'm personally still trying to digest all of this and figure out what it means, long term

It means continuing to use the cutesy 'Honeypony' when referring to monero could get you beaten up by a darknet gangster, and your lady raped with a whiskey bottle. Gangsters don't like losing money!

[Hueristic]

Food for thought:

https://www.reddit.com/r/Monero/comments/6d6m4t/as_a_whale_i_support_ricardo_and_heres_why/

https://www.reddit.com/r/Monero/comments/6d6mw3/my_opinion_on_ufluffyponyzas_move/

I'm personally still trying to digest all of this and figure out what it means, long term, and FWIW, I HAVE NOT SOLD ANY OF MY XMR (yet?) DUE TO THIS...

But ONE THING is for DAMN sure...

People Are Going To Be Talking About This For YEARS...!  

Crossposted:

The problem is that Monero was gaining stability and being perceived as a non volatile store of wealth and this has shaken that foundation. That i believe is the true disservice that Ricardo has accomplished. Monero has always been above this type of behavior and that is another reason why it has shocked us so much.

My tinfoil hat says he is looking to distance himself and this of course will certainly do that as well as remove him as the face but who can fill that vacuum? I think anyone that does is not going to like the position they find themselves in as I have no doubt TPTB have been making moves and being in the spotlight of the worlds best fungible coin can be (will become|all ready is) a terrifying place to be.

[R2-D2R2]

What did Fluffy do exactly?

[smooth]

He owes them $100 million.

That is not pretend money.  He intentionally set fire to other peoples money in the name of his ideals.

Sorry, I can't agree. People have to take responsibility for their own trading. You get it wrong, you lose.

If you want safety rails, and an 'everybody wins' mentality, crypto (at least crypto trading) is not for you.

If you didn't try to profit by day trading the announcement (and if you were doing that you realize you were trying fuck someone else out of money right?), then it affected you hardly at all. The price is up significantly from two days ago. Long term holders have nothing to complain about.

[MrGood]

Nice pump and dump guys!
When I speak about raking money from you guys, days like these are the very ones I meant.

Right now I am not seeing Monero going up but down.
I hope nobody did margin long Monero, that is pretty much the worst thing to do.

A few days ago I got a lot of hatred, and look what happened to Monero now..? 

Personally I think Monero will recover from this, although it might take some time.

I don't think XMR has ever experienced such a seismic shock like this in all its history. I was just watching Adam Meister's video about it, and he raises the important point that if fluffypony cannot be trusted as a consequence of this one event, then how are people supposed to trust him when he speaks out about scams.

Personally I don't think fluffypony acted like a jerk, or engaged in insider trading. In his mind it probably seemed like a good creative idea of raising an valid issue.

The problem lies in his shortsightedness. It should have been very obvious that:-

1. People would have lost money.
2. Seen from a distance it looks really scammy.
3. People shorting XMR would have propagandised point 2 which leads to even more of point 1.
4. The usual antagonists would have seized upon all points and propagandised them for the purposes of their own projects (desertlynx etc).

I'd like to say this is a storm in a teacup, but frankly this is a completely unnecessary and negative event which will require a lot of ongoing maintenance moving forward.

[smooth]

how are people supposed to trust him when he speaks out about scams.

You're not. Do your own homework. If he makes a claim, verify it yourself.

I agree with some of your points though, like giving ammunition to opponents.

As I said earlier, I don't like the approach. Responding to the absurd hype in the industry, even by mocking it, is being swept up into it in a way.

[coinits]

I have decided to become the official spokesman for Monero. I will be making a special announcement at 14:00 GMT May 26. I think that you all should sell your XMR off en masse prior to my announcement or you will face impending doom. I have inside top secret intel. Until them my pretties....

[sui_generis]

TC, You can't come in here gloating, because we can look at your post history. You turned negative on Monero way before this pump, indicating that you sold at a terrible time. And now you come here trying to reclaim your lost dignity? Yeah, no.

[longminh123]

Polo volume today 10K BTC, buy side up, sell side down.

This looks good, less for sale, more want to buy - any news and it will blow ;-)

[smooth]

The trajectory is that all coins are getting dumped because there is a decent correlation between alts and USD, so BTC up tends to mean alts down for the most part (long-standing for at least a year or so).

You must've been trading in a different universe lately.

Excuse me? Do you see a lot of red there too, or am I color blind?

[ExtremeFacials.com]

I have decided to become the official spokesman for Monero. I will be making a special announcement at 14:00 GMT May 26. I think that you all should sell your XMR off en masse prior to my announcement or you will face impending doom. I have inside top secret intel. Until them my pretties....

Fuck, I was just about to take over myself ... fancy a joint ticket?

[coinits]

I have decided to become the official spokesman for Monero. I will be making a special announcement at 14:00 GMT May 26. I think that you all should sell your XMR off en masse prior to my announcement or you will face impending doom. I have inside top secret intel. Until them my pretties....

Fuck, I was just about to take over myself ... fancy a joint ticket?

We are all Negan Monero