[XMR] Monero Speculation

[rinus]

Any ideas why we are stuck around 0.016...

[sui_generis]

Any ideas why we are stuck around 0.016...

Look at Coinmarketcap, practically everything is red. BItcoin malaise is harming the entire market, I'd say.

[tokeweed]

Andreas confirms his position on Monero.

Got a link? I am surprised it took him this long. Andreas knows, and I listened to quite a few of his early talks, that Bitcoin and now Etherreum have an Achilles heel: fungibility / privacy. And Andreas is very keen on his (digital) privacy. As a computer nerd you simply can't not like Monero's core features, and there is nothing like it..

I thought the guy was an ETH hater.....hmmz   

It's all about selling books and making money from his speaking engagements.  In a way it's some sort of scam too.  I feel sometimes Andreas Antonopoulos mostly talk out of his ass when it comes to 'Bitcoin as the future of money'.  But sure he got all the technical stuff down.

[TheFuzzStone]

Any ideas why we are stuck around 0.016...

All is ok  

[rinus]

Any ideas why we are stuck around 0.016...

All is ok  

Is it? Can u explain why I'm a noob in these graphs

[whap]

In truth, that may still be the case.  Following the disappearance of the site, members were able to track their bitcoin wallets being emptied into several other accounts.  The way in which the wallets were emptied was in a manner more common to an Exit Scam than a Law Enforcement seizure, so members currently think the other Alphabay owner, Alpha02, may be emptying the accounts and running with the assets.  Those Bitcoin Wallets continue to be emptied today.

source: https://www.anglerphish.com/single-post/2017/07/13/Suspected-AlphaBay-Admin-Alexandre-Cazes-AKA-DeSnake-Commits-Suicide-in-Bangkok-Jail

That could explain the down pressure on XMR price...

[Febo]

In truth, that may still be the case.  Following the disappearance of the site, members were able to track their bitcoin wallets being emptied into several other accounts.  The way in which the wallets were emptied was in a manner more common to an Exit Scam than a Law Enforcement seizure, so members currently think the other Alphabay owner, Alpha02, may be emptying the accounts and running with the assets.  Those Bitcoin Wallets continue to be emptied today.

source: https://www.anglerphish.com/single-post/2017/07/13/Suspected-AlphaBay-Admin-Alexandre-Cazes-AKA-DeSnake-Commits-Suicide-in-Bangkok-Jail

That could explain the down pressure on XMR price...

There for sure is pressure, but i dont think is something drastically. It is actually hard for me o speculate how much BTC and XMR was there. All i know is that there was 100 times less XMR then BTC.

One other thing is now sure. That Quebeck raid seems to be connected to Alphabay. Lets hope we will one day hear a reason how that happened and what information leaked that location. If it will be the BTC transparency, then this might be something.

[Globb0]

With the wealth of auditable data trails I suppose they only need to find 1 tiny link to unravel it all.

[Nathan047]

Any ideas why we are stuck around 0.016...

1: The entire market seems to be stuck in the same rut, probably in fear of potential problems coming in August.
2: Monero specifically seems to be sitting at a standstill. The hype is worn off a bit and it'll probably go either up or down soon (I'm expecting/hoping for up).

[sui_generis]

Apparently, someone is building a decentralized whistle blowing platform that will use Monero. It seems like more and more people are recognizing the superiority of Monero.

https://www.reddit.com/r/CryptoCurrency/comments/6n8mmy/wbn1150_decentralized_whistleblowing_platform/

[sui_generis]

Sarang Noether is interested in working on Monero again. The Monero Research Labs team is really starting to shape up.

https://forum.getmonero.org/7/open-tasks/87856/hire-mathematician-and-computational-physicist-to-join-research-team

[rinus]

Any ideas why we are stuck around 0.016...

1: The entire market seems to be stuck in the same rut, probably in fear of potential problems coming in August.
2: Monero specifically seems to be sitting at a standstill. The hype is worn off a bit and it'll probably go either up or down soon (I'm expecting/hoping for up).

The hype? We did not see a real hype yet for Monero... That's my opinion at least. But when I look at poloniex I see that we settle underneath litecoin and don't get back over the 40 usd

[Kisanaq]

The price trend of cryptocurrency continues to decline include Monero, but I still be patient for hold monero, I hope the price will skyrocket again as early this year.

[Hueristic]

Damn just caught up so looks like the bubble is bursting on all CC. No surprise there except I was certainly expecting XMR to keep it's $ parity.

Good read from your guys mention, looks like a case of a self fulfilling prophecy that anyone with the correct foil would see coming a mile away, I did lol on the "conducting a stinkbomb attack" part though.

[Celebrity]

I decided to move my hash power totally to monero mining. This shift is needed because ethereum classic mining became very hard and not efficient. As far as I see, mining monero is profitable and I trust the coin itself.

For the comparison of monero vs zcash, monero is much better than zcash.

[Hueristic]

I decided to move my hash power totally to monero mining. This shift is needed because ethereum classic mining became very hard and not efficient. As far as I see, mining monero is profitable and I trust the coin itself.

For the comparison of monero vs zcash, monero is much better than zcash.

Preaching to the choir my friend. You'll get no disagreement unless TrueTroll or Primer is reading this. Lol

[dazbog835]

Ok but you would mine moneo out of support for the coin? Not for its profitability right? Since other coins are more profitable? Right?

[owlcatz]

Ok but you would mine moneo out of support for the coin? Not for its profitability right? Since other coins are more profitable? Right?

To be perfectly honest - I've been mining XMR for over 3 years now solid on just 2 GPU's.... Why? Because I'm lazy, and it's very easy! I don't care about what's profitable today vs. tomorrow TBH, my life has not time for that bs. TL:DR XMR mining has made me a lot of money in the grand scheme of things, but it's also taught me to hodl my coins as they will always be worth more someday rather than yesterday or a year ago...


Edit - so yes, I also mine it for support. The number of nodes has like tripled and the hashrate x4 since I got in early. Cheers and have a great weekend all!

[tokeweed]

Damn just caught up so looks like the bubble is bursting on all CC. No surprise there except I was certainly expecting XMR to keep it's $ parity.

Good read from your guys mention, looks like a case of a self fulfilling prophecy that anyone with the correct foil would see coming a mile away, I did lol on the "conducting a stinkbomb attack" part though.

Smooth's little hobby coin looks ok tho, amid all the pessimism and bearishness currently going around in crypto.  Been following its price for a week or so and it doesn't seem to budge in Bittrex.  If that had a little more volume it would be good to trade.

[elrippos friend]

Monero with it's tech will be superior and in March 2018 this will be prooved yeeaaahhhh