[XMR] Monero Speculation

[Surging Chaos]

There are many other factors which will play out on varying time scales, these are just some of the most obvious and largest.  Please add your own.

I still stand by offshore wealth being the game-changer for Monero. Once the housing bubble explodes (and it will), something else is going to step up to the plate to give foreigners a way to obfuscate their wealth from their governments.

Darknets will boost Monero into three digits, but it's the Chinese billionaires wanting to get their money offshore that will push Monero into the high four digits.

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[novag]

Is the Monero Bubble looming? Could be! Price will be in the $300-2000 range.

https://www.tradingview.com/chart/XMRUSD/vaYkeyy0-Forecasting-Sketch-for-XMR-USD-Bubble-Current-Price-51-56

[KiXiNiT]

Is the Monero Bubble looming? Could be! Price will be in the $300-2000 range.

https://www.tradingview.com/chart/XMRUSD/vaYkeyy0-Forecasting-Sketch-for-XMR-USD-Bubble-Current-Price-51-56

These charts always make me laugh at how consistently inaccurate they always are

[rangedriver]

[saddambitcoin]

Is the Monero Bubble looming? Could be! Price will be in the $300-2000 range.

https://www.tradingview.com/chart/XMRUSD/vaYkeyy0-Forecasting-Sketch-for-XMR-USD-Bubble-Current-Price-51-56

These charts always make me laugh at how consistently inaccurate they always are

Actually this guy has been correct, see how this chart played out (which looked equally outlandish at the time it was posted).

https://www.tradingview.com/chart/XMRUSDT/tbXU4aJg-XMR-in-oversold-territory/

[CryptoPH]

Is the Monero Bubble looming? Could be! Price will be in the $300-2000 range.

https://www.tradingview.com/chart/XMRUSD/vaYkeyy0-Forecasting-Sketch-for-XMR-USD-Bubble-Current-Price-51-56

These charts always make me laugh at how consistently inaccurate they always are

Actually this guy has been correct, see how this chart played out (which looked equally outlandish at the time it was posted).

https://www.tradingview.com/chart/XMRUSDT/tbXU4aJg-XMR-in-oversold-territory/

Yeah! Target price looks too optimistic, but actually realistic. This is the same situation when XMR is at $1 and a chart with target price of $50 are spread around. 

[ROT13]

Man coming back here after swapping 90% of my 2 year old bags for ETH a few weeks ago reeeeeaallly makes me feel like I did the right thing. 

Amazing, amazing tech but definitely not a crypto you want to HODL.

[DonYo]

So mining continues and the chain is secured

Ah, I see... And you think that without this mining wouldn't continue? You think that bitcoin won't last after the mining fees are gone and they need to survive purely on tx fees?

I think that's the principle of the tail emission.

And getting new supply of coins for the ring signatures if I'm not mistaken

[dazbog835]

Verge uses I2P and Tor to hide the origination of the transmission. But its blockchain is open and transparent like Bitcoin's. For example, here's a Verge address: DGjVzyPaKMBiwzWoQyVsEAD2YLT5xoht9z. Or pick any Verge address. Go to a Verge blockchain explorer like https://prohashing.com/explorer/Verge/ and enter a Verge address and you'll see its balance (in this case, 73,328.33900000 / $240.534). That's not private.

So Verge is just like a Bitcoin transaction over TOR.

With Monero, nobody can know your balance. Try putting in a Monero address in a blockchain explorer and see for yourself. And here's a fun link: http://moneroblocks.info/richlist

So, Monero is much more private. And, you can make Monero transactions over TOR and I2P if you want to, or go to a public wifi spot to hide your real IP.  Plus, Monero will soon have baked-in I2P with its Kovri I2P router.

Why would they have the blockchain so open anyway? Are other projects trying to solve this with ring signatures as well?

I didn't know about these Kvri I2P routers. These are physical routers or is this software?

[rdnkjdi]

This has long been one of my concerns for a currency that received adoption.  If transactions aren't enough - security winds up being an inverted pyramid with the most security coming when the coin is cheap / being distributed.  As it gains value the % spent on security goes down while the value goes up opening room for a bad actor to short & be profitable.  

I ran some numbers at one point and if there are enough transactions this may not be an issue.  However the problem becomes compounded as you move fees offchain.  If bitcoin is secured by only 30% of the actual fees paid to the network via lightning network or whatever it seems like deflation on a small capacity chain creates an even more concentrated potential for a profitable attack vector.

[dazbog835]

This has long been one of my concerns for a currency that received adoption.  If transactions aren't enough - security winds up being an inverted pyramid with the most security coming when the coin is cheap / being distributed.  As it gains value the % spent on security goes down while the value goes up opening room for a bad actor to short & be profitable.  

I ran some numbers at one point and if there are enough transactions this may not be an issue.  However the problem becomes compounded as you move fees offchain.  If bitcoin is secured by only 30% of the actual fees paid to the network via lightning network or whatever it seems like deflation on a small capacity chain creates an even more concentrated potential for a profitable attack vector.

Could you give an example of this? It's kinda dense for my level So you're saying that the lightning network creates a security hole?

[StephenClifford]

MinexCoin is a stable asset for retaining purchasing power and forming reserves. The coin’s high liquidity and the user’s full control over their assets maintain the assets’ safety.

[kurious]

Thanks to all the newbies for dropping by.  But this is the 'Monero speculation' thread.

Sorry, but we are not really interested in your Minex thingy, or you parroting stuff other people have said for no apparent reason, or making irrelevant comments we don't want to read.

All the best, and do please remember to close the door on your way out?


OT: Monero coiling for a move.  i smell an incoming hike.  Loading up.

[Billy Bunter]

I still sometimes find myself astonished that Monero - Monero! - has yet to achieve a 1B dollar market cap.

[kurious]

It is based in the Cryptonote protocol. It uses unique one-time addresses for each transaction so that only the receiver knows where the money went. This is good, believe me.
And, as if that wasn't enough, it signs the inputs with ring signatures. And this is great because that signature only proves that someone in that group created it. That means only the sender knows where the money came from.

Cut and pasted from here:

https://www.cryptocompare.com/coins/guides/is-bitcoin-anonymous/

I haven't bothered googling the rest...

[c789]

Why would they have the blockchain so open anyway? Are other projects trying to solve this with ring signatures as well?

I didn't know about these Kvri I2P routers. These are physical routers or is this software?

Kovri is software and it will be included with upcoming Monero software and will be compatible with existing I2P. But even now you can use Monero over TOR and I2P if you want to:

TOR: https://monero.stackexchange.com/questions/467/running-a-full-node-without-revealing-my-home-ip-address

I2P: see https://moneroworld.com/#nodes

You can also search https://monero.stackexchange.com/ for other helpful guides.

[kurious]

I still sometimes find myself astonished that Monero - Monero! - has yet to achieve a 1B dollar market cap.

It will.  Only a matter of time.  It's just too fucking perfectly timed for the moment to not soar.  But please don't tell anyone, yet I am still below my target stash.

[Billy Bunter]

I still sometimes find myself astonished that Monero - Monero! - has yet to achieve a 1B dollar market cap.

It will.  Only a matter of time.  It's just too fucking perfectly timed for the moment to not soar.  But please don't tell anyone, yet I am still below my target stash.

Well, for heaven's sake hurry up. The rest of us are waiting

[aminorex]

Patience.  If you refuse to learn patience the easy way (self-discipline) then you will be forced to learn it the old-fashioned way (suffering).

Bchxbt has topped again.  All logic tells me that Eth is doomed for the foreseeable.  Are the next leading black markets going to use the free software world's meritocratic hard asset, or the Mossad's 20% corporate tax coin, the coin that took down alpha bay?

I don't know how long it will take the next legit DNM leader to emerge.  But I do know it will do 10x the traffic of SR1, and it will be using XMR.  That means XMR $1000 USD is less than a year away.  Possibly less than 6 months away, in a rationally discounting world (unlike this one.)

When people try to excite your emotions, they are seeking an advantage over you in the market place. Rely on facts and logic.  You will find a cool head wins over a hot heart most of the time.

[SolarStorm]

For the poor, learning and research about Bitcoin does not improve their lives.

I happen to live in a town where a local supermarket accepts bitcoin. Every time i explain bitcoin to someone i tell them that they can buy bitcoin, wait until price is up, and then buy groceries with same bitcoin. The result of this is cheaper groceries. How does this not help the poor?

Poor people are not poor because there are no possibilities, they are generally poor because they do not make use of the possibilities. Some people listened (including myself lol) and they are not poor anymore, while the majority had this 'i am poor and there is nothing i can do about it'-mindset and they stayed poor, even though i explained bitcoin to them since 2010. Some still tell me they are going to invest tomorrow, because today they need the money to go to cinema or something.

I agree that being poor gives a very small 'wiggle room' to play round with money and investments, but once people understand bitcoin ( and monero !) they put themselves on a exponential path.
Two tips i always give to people when they ask how to get rich is 1.) learn what money is. If you want to catch a fox you need also to know how a fox thinks, so the same applies to money, and 2) start practicing to calculate everything (everything!) in percentages. And then watch yourself grow, and grow, and then meet the hockey-stick moment in exponential growth...