[XMR] Monero Speculation

[Fatman3001]

This little screenshot tells a story if you ask me:

Not really, most days xmr has been just as red. And the big difference is that all those other coins are winding down from the spring 2017 alt bonanza.

Guess which coin wasn't invited. Actually, more like his dad wouldn't let him go.

I didn't think all of this was so friggin controversial. But if everyone here are happy then I guess it's all good.

Really nice echo chamber you guyz have got in here.

[leopard2]

After that Alex Vinnik guy was arrested in Greece (supposedly he was found using blockchain analysis!!) I am surprised XMR has not gone up a whole lot.

It should be clear that, once BTC owners can be easily identified by governments, it will be very easy to outlaw or tax or seize Bitcoin! So BTC is not a protected form of property anymore and certainly not fungible anymore.

For Alex Vinnik it took a massive effort but in a few years it will take only minutes or seconds to do that. BTC will become the equivalent of a bank account balance!

BTC is like a bank account balance while XMR is like cash.

Really, how can it be that XMR is going down vs Bitcoin, after the A. Vinnik story? 

[smooth]

You know we're close to the bottom when the trolls start showing up. The next couple weeks should be interesting.

The trolls showing up likely has something to do with Bytecoin's zombie reawakening. They've always had a hard on for trolling Monero and yes there are paid trolling services that use sock puppet accounts, purchased accounts, etc. so the coordinated appearance of multiple 'different' trolls is not surprising (I've been personally solicited by them to use their services).

[ArticMine]

You know we're close to the bottom when the trolls start showing up. The next couple weeks should be interesting.

The trolls showing up likely has something to do with Bytecoin's zombie reawakening. They've always had a hard on for trolling Monero and yes there are paid trolling services that use sock puppet accounts, purchased accounts, etc. so the coordinated appearance of multiple 'different' trolls is not surprising (I've been personally solicited by them to use their services).

Zombie is an apt description here. If we assume a constant price for BCN  in inflation adjusted USD, my prediction is that with BCNs current emission curve, and assuming no CryptoNight ASICS within a decade it will be possible to launch a 51% attack on Bytecoin using a single video card. If a CryptoNight ASCIC is developed then its demise will be a lot faster.

[Johnny Mnemonic]

Not really, most days xmr has been just as red. And the big difference is that all those other coins are winding down from the spring 2017 alt bonanza.

Guess which coin wasn't invited.

Actually, XMR hosted that party in August 2016, watched carefully as every greedy scumbag in town showed up, and then barricaded the exits.

The great crypto massacre is coming.

[CTTE]

Let's just stop quoting the troll and he'll go back to his beloved NXT and ARDOR!!!

They seem like a really good choice! 

[Bitcoinaire]

With Ledger supporting Monero shortly, Im looking into purchasing either the nano or the blue. The blue is $259 vs $59 for the nano. I would be storing xmr, btc some ltc. Any suggestions?


Edit: Found my answer.

https://www.reddit.com/r/ledgerwallet/comments/611l21/blue_or_nano_s/

[KeyJockey]

I'd been a bit worried about how much my overall crypto portfolio has actually been going "down" as measured in BTC value lately... even all the while it's continued to go UP quite a bit as measured in DOLLAR value terms.

In previous months I'd gotten used to seeing BOTH measures going steadily UP: so this was a concerning change, something I felt I needed to pay attention to, figure out what's up...

Looking into it, I could only conclude that maybe I'm too heavily exposed to XMR...?

In other words, Monero "lagging" and lately "only holding" it's recent steady $45-$50 range is perhaps solely responsible for this "actually going down in bitcoin value" total portfolio, all the while BTC itself has been mini-mooning after the successful hard fork?

Uh oh...!

Then, believe it or not I was actually considering 'cutting my losses' (or more accurately cutting lack-of-gainers?)

I started thinking about moving some of the XMR back into BTC/BCH... Sacrilege!!    

BUT THEN, I came here to this trusty good ol' Monero Speculation thread and saw ALL the TROLLS had come BACK trying to PLY their TRADE!

LOL    

SO?  Crisis averted.  Leaving everything alone.  This Is Fine... HoneyPony? Carry on...

P.S. I estimated that -- for me, and for my current overall portfolio balance -- XMR would *only* need to achieve about $66 price in dollar value to re-gain ALL the "lagging losses" that it's responsible for, in my whole portfolio... i.e. for the BTC measure to return at least to where it was previously and the "dollar value" number to go still higher.

That seems more than easy enough to achieve, to me... never mind when XMR actually finally gets to three-figures $100+ ...it'll be Party Time, indeed  

[CoinCidental]

I'd been a bit worried about how much my overall crypto portfolio has actually been going "down" as measured in BTC value lately... even all the while it's continued to go UP quite a bit as measured in DOLLAR value terms.

In previous months I'd gotten used to seeing BOTH measures going steadily UP: so this was a concerning change, something I felt I needed to pay attention to, figure out what's up...

Looking into it, I could only conclude that maybe I'm too heavily exposed to XMR...?

In other words, Monero "lagging" and lately "only holding" it's recent steady $45-$50 range is perhaps solely responsible for this "actually going down in bitcoin value" total portfolio, all the while BTC itself has been mini-mooning after the successful hard fork?

Uh oh...!

Then, believe it or not I was actually considering 'cutting my losses' (or more accurately cutting lack-of-gainers?)

I started thinking about moving some of the XMR back into BTC/BCH... Sacrilege!!    

BUT THEN, I came here to this trusty good ol' Monero Speculation thread and saw ALL the TROLLS had come BACK trying to PLY their TRADE!

LOL    

SO?  Crisis averted.  Leaving everything alone.  This Is Fine... HoneyPony? Carry on...

P.S. I estimated that -- for me, and for my current overall portfolio balance -- XMR would *only* need to achieve about $66 price in dollar value to re-gain ALL the "lagging losses" that it's responsible for, in my whole portfolio... i.e. for the BTC measure to return at least to where it was previously and the "dollar value" number to go still higher.

That seems more than easy enough to achieve, to me... never mind when XMR actually finally gets to three-figures $100+ ...it'll be Party Time, indeed  

in my opinion xmr should be  worth 300 ish 
the zcash scam is finding gullible new investors daily
and i just cringe when they tell me how great it is ........

[tokeweed]

I'd been a bit worried about how much my overall crypto portfolio has actually been going "down" as measured in BTC value lately... even all the while it's continued to go UP quite a bit as measured in DOLLAR value terms.

In previous months I'd gotten used to seeing BOTH measures going steadily UP: so this was a concerning change, something I felt I needed to pay attention to, figure out what's up...

Looking into it, I could only conclude that maybe I'm too heavily exposed to XMR...?

In other words, Monero "lagging" and lately "only holding" it's recent steady $45-$50 range is perhaps solely responsible for this "actually going down in bitcoin value" total portfolio, all the while BTC itself has been mini-mooning after the successful hard fork?

Uh oh...!

Then, believe it or not I was actually considering 'cutting my losses' (or more accurately cutting lack-of-gainers?)

I started thinking about moving some of the XMR back into BTC/BCH... Sacrilege!!    

BUT THEN, I came here to this trusty good ol' Monero Speculation thread and saw ALL the TROLLS had come BACK trying to PLY their TRADE!

LOL    

SO?  Crisis averted.  Leaving everything alone.  This Is Fine... HoneyPony? Carry on...

P.S. I estimated that -- for me, and for my current overall portfolio balance -- XMR would *only* need to achieve about $66 price in dollar value to re-gain ALL the "lagging losses" that it's responsible for, in my whole portfolio... i.e. for the BTC measure to return at least to where it was previously and the "dollar value" number to go still higher.

That seems more than easy enough to achieve, to me... never mind when XMR actually finally gets to three-figures $100+ ...it'll be Party Time, indeed  

If you measure everything in Bitcoin value then the most sensible thing to do is to hold everything in Bitcoin.  It's the one gaining the most value, taking away some value from the alts.

But if you're measuring some cryptocurrencies in fiat then it still makes sense to hold XMR and LTC since they're still holding their own vs the USD or EUR, etc..

Imo some altcoins are better measured vs fiat.  XMR is one of them.

[johnsmithx]

If you measure everything in Bitcoin value then the most sensible thing to do is to hold everything in Bitcoin.  It's the one gaining the most value, taking away some value from the alts.

Really? Since the beginning of this year Ethereum increased its value by more than 4000% while Bitcoin increased its value by more than 400%. How is the 10 times less value increase of Bitcoin "gaining the most value"?

[Febo]

in my opinion xmr should be  worth 300 ish 
the zcash scam is finding gullible new investors daily
and i just cringe when they tell me how great it is ........

It is hard to value XMR for me. Is it worth $300? 
One thing is sure. BTC was way to cheap at $1000-2000, when ETH, ZCash and DASH went to  $200-300. And if XMR would be $300 at that moment I would same say is overvalued compared to BTC.
But now BTC grows and no one knows when it will stop. Should go over $5000 maybe $10000. At that point you will hardly be able to say that BTC looks cheap compared to $300 XMR.

[tokeweed]

If you measure everything in Bitcoin value then the most sensible thing to do is to hold everything in Bitcoin.  It's the one gaining the most value, taking away some value from the alts.

Really? Since the beginning of this year Ethereum increased its value by more than 4000% while Bitcoin increased its value by more than 400%. How is the 10 times less value increase of Bitcoin "gaining the most value"?

What I mean by that is considering the current market conditions.  Are you willing to buy ETH right now?  Shorting ETH or holding Bitcoin are better options.

[novag]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

[pleasures]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

kind of silly to make this comparison just based on the way previous graphs of random assets that are completely different from cryptocurrency. btc is a hedge on the usd itself. i dont really see any of the others being one.

[tokeweed]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

What do you propose?  That we all hold fiat and use that as base value?  Lol.  You go ahead.  I'm happy accumulating Bitcoin thru trading and other stuff. 

I suggest you start looking into XMR too.

[johnsmithx]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

You are fully entitled to your personal opinion but in this particular case don't really expect any serious response because your personal opinion is plain and simply stupid on multiple levels which neither I nor most probably anybody else here will bother to explain.

[DonYo]

holding Bitcoin are better options.

Sure?

https://www.tradingview.com/chart/BTCUSD/89pJvNbd-BTCUSD-New-Paradigm-Phase

I don't see any bubble yet

[rdnkjdi]

Interestingly - someone on 4chan pointed out that Monero dropped pretty harshly and never recovered after Anonymint released his theoretical attack vectors on Monero.

I dug thru it all, read the dev responses and it seems more of a marketing ploy for the coin he's planning to release.  Which might be a great deal - time will tell.  It always makes sense to read and try to comprehend the most severe critics esp in this space.

https://steemit.com/cryptocurrency/@anonymint/is-monero-s-or-all-anonymity-broken

[cryptimus prime]

I dug thru it all, read the dev responses and it seems more of a marketing ploy for the coin he's planning to release.

He is releasing his coin since years.

XMR has only one competitor, Zcash and that one has a flaw because it has a trusted setup and anonymous transactions are a pain in the ass to do at this moment.

Other pseudoanonymous coins basing on BTC+TOR protocols without obfuscating the blockchain transactions (and are paid shilled) are not even worth to be mentioned as they are technologically vastly inferior.