[XMR] Monero Speculation

[ultegra]

It seems we are not safe yet... 400 bi total marketcap is a support... hope we hold

Never a worry with XMR. Just fill yer boots with as many as you can. We have been here many times before, and those long term hodlers are so used to these cycles we just ride them, i used to get so stressed and depressed when xmr tanked, now i almost find it amusing that its become so predictable.

made me laugh as well that so many put the btc tank down to the Asian exchange news....seems to work everytime still. Bitcoin is a technical beast, fundamentals seem to be orchestrated perfectly to fit its technical trading. Honeybadger dont give a monkeys.

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[rinus]

If btc find its suppprt on 8000 then xmr will be below 230... correction was needed, but it looks scary. As long as crypto still has a future, I hodl and believe in xmr

[canonsburg]

Well, the pros here have proved their worth again.
Will momentum carry the market lower? There's not even a dead cat bounce.

[Febo]

Developers meting had one good and one bad news.   Good news is that MyMonero and Apple after 2 months of no news started moving again.  Bad news is that there is tiny chance we will see Bulletproofs in springs hardfork. There will be another developers meeting next Sunday about it.

That was the impression I had from the meeting too. However, see this comment from snoether, one of the two Monero cryptographers:

https://www.reddit.com/r/Monero/comments/7ql3w7/what_can_the_community_we_do_to_make_sure/dsq33x3/

Seems like BP's might well be ready for March HF.

On meeting he said that he will have meeting with those that are making review yesterday. So basically whatever he said today would be legitimate. And also that on Sunday will be next dew meeting just about bulletproofs.  I do believe we will hear quite final decision on Sunday.

[faaty]

I only have a small amount of Monero in my wallet with I mined with my graphics card. But while looking at the charts I can see that the most powerful altcoin is Monero. You can understand just by looking at the weekly logaritmic graphics and see that it is really different from all the rest altcoins, it moves its destination. I understand that Monero's specialities makes it different, and people think privacy that Monero offers is very important.
In the future if most of the altcoins would be dead, Monero will not be one of them.

[Billy Bunter]

Have we hit the bottom? Or is this just a bounce?

Edit: I think we've hit it and given it a couple of smacks around the face. Told it we were through, and that it could go to hell. We are so over it.

[jhontwis]

The whole market has been undergoing a downward movement. Monero got what he got from this. But I think it is the first project to recover.

[owlcatz]

The whole market has been undergoing a downward movement. Monero got what he got from this. But I think it is the first project to recover.

looks good to me? https://bitcoinwisdom.com/markets/poloniex/xmrbtc

[SriNr]

Some of my thoughts on Monero and the current crypto currency boom.

Monero has been in a consolidation phase with respect to Bitcoin since August of 2016. Take a look at the XMR/XBT weekly chart on a log scale https://bitcoinwisdom.com/markets/poloniex/xmrbtc and tell me what you see. The last major move was from 0.0016 XBT in June 2016 to a high of 0.0265 XBT in August 2016 for an increase of over 1600%. If the 0.0265 XBT high is broken on volume another major move upward is possible.

The current @crypto currency boom has seen Bitcoin to fall to under 40% market dominance. To put is bluntly this is indicative that there is something seriously wrong with Bitcoin. My take is that this is related to the fixed 1 MB blocksize limit in Bitcoin together with the consequence of skyrocketing fees and seriously delayed transactions. These are problems for which @Monero has a solution. The market is looking for an alt coin solution and for the time being has focused to a large degree on Ethereum. My take is that while @Ethereum has its uses that may justify its market cap replacing BItcoin is not one of them.. If the market chooses Monero then all bets are off.

The hackers are quietly hacking away. Sooner or later significant improvements will materialize. As to when? Who knows. That is the nature of FLOSS development. A recent example of this is multi sig, which is current being tested and not yet ready for main chain deployment.

My take is that if one is short Monero, the risk of a brutal negative reckoning is very high. As to when and to what extent I have no idea

[jeda2000]

Monero was wounded after a massive fall. But I think that you will gather soon. Already the market's robust projects. We need to wait.

[explorer]

Some of my thoughts on Monero and the current crypto currency boom.

Monero has been in a consolidation phase with respect to Bitcoin since August of 2016. Take a look at the XMR/XBT weekly chart on a log scale https://bitcoinwisdom.com/markets/poloniex/xmrbtc and tell me what you see. The last major move was from 0.0016 XBT in June 2016 to a high of 0.0265 XBT in August 2016 for an increase of over 1600%. If the 0.0265 XBT high is broken on volume another major move upward is possible.

The current @crypto currency boom has seen Bitcoin to fall to under 40% market dominance. To put is bluntly this is indicative that there is something seriously wrong with Bitcoin. My take is that this is related to the fixed 1 MB blocksize limit in Bitcoin together with the consequence of skyrocketing fees and seriously delayed transactions. These are problems for which @Monero has a solution. The market is looking for an alt coin solution and for the time being has focused to a large degree on Ethereum. My take is that while @Ethereum has its uses that may justify its market cap replacing BItcoin is not one of them.. If the market chooses Monero then all bets are off.

The hackers are quietly hacking away. Sooner or later significant improvements will materialize. As to when? Who knows. That is the nature of FLOSS development. A recent example of this is multi sig, which is current being tested and not yet ready for main chain deployment.

My take is that if one is short Monero, the risk of a brutal negative reckoning is very high. As to when and to what extent I have no idea

https://steemit.com/bitcoin/@sayyedraza/xmr-monero-speculation

is there a point to plagiarizing a 7 month old steemit post?

[Kapz786]

Some of my thoughts on Monero and the current crypto currency boom.

Monero has been in a consolidation phase with respect to Bitcoin since August of 2016. Take a look at the XMR/XBT weekly chart on a log scale https://bitcoinwisdom.com/markets/poloniex/xmrbtc and tell me what you see. The last major move was from 0.0016 XBT in June 2016 to a high of 0.0265 XBT in August 2016 for an increase of over 1600%. If the 0.0265 XBT high is broken on volume another major move upward is possible.

The current @crypto currency boom has seen Bitcoin to fall to under 40% market dominance. To put is bluntly this is indicative that there is something seriously wrong with Bitcoin. My take is that this is related to the fixed 1 MB blocksize limit in Bitcoin together with the consequence of skyrocketing fees and seriously delayed transactions. These are problems for which @Monero has a solution. The market is looking for an alt coin solution and for the time being has focused to a large degree on Ethereum. My take is that while @Ethereum has its uses that may justify its market cap replacing BItcoin is not one of them.. If the market chooses Monero then all bets are off.

The hackers are quietly hacking away. Sooner or later significant improvements will materialize. As to when? Who knows. That is the nature of FLOSS development. A recent example of this is multi sig, which is current being tested and not yet ready for main chain deployment.

My take is that if one is short Monero, the risk of a brutal negative reckoning is very high. As to when and to what extent I have no idea

https://steemit.com/bitcoin/@sayyedraza/xmr-monero-speculation

is there a point to plagiarizing a 7 month old steemit post?

Increase post count for his signature campaign I would say

[KiXiNiT]

is there a point to plagiarizing a 7 month old steemit post?

Sig campaign of course!

At least its more effort than the typical "Monero is private... I like private.. therefore I like Monero"

[Rouse_creationsHostel]

It seems we are not safe yet... 400 bi total marketcap is a support... hope we hold

Never a worry with XMR. Just fill yer boots with as many as you can. We have been here many times before, and those long term hodlers are so used to these cycles we just ride them, i used to get so stressed and depressed when xmr tanked, now i almost find it amusing that its become so predictable.

made me laugh as well that so many put the btc tank down to the Asian exchange news....seems to work everytime still. Bitcoin is a technical beast, fundamentals seem to be orchestrated perfectly to fit its technical trading. Honeybadger dont give a monkeys.

Yes! When you get more seasoned to this volatile market, you will find more peace in the changes. Just HODL
Monero (XMR) is the king of privacy coins!

Also along with privacy marketplace Particl (PART) 

And of course, LBRY (LBC) is king of digital content. Not shit like Tron. 

[Febo]

is there a point to plagiarizing a 7 month old steemit post?

Sig campaign of course!

At least its more effort than the typical "Monero is private... I like private.. therefore I like Monero"

Actually this forum rule is that  plagiarizing is insta perma ban. Basically the most steady rule of this forum.

[rdp]

Anyone experiencing issues with XMR on Cryptopia? I have a withdraw in "processing" state since 12th and no response from support. Support page says that it is taking 12 days to answer, so I am waiting, but today I sent some to test (0.04) and it is not showing up there as well...

EDIT: Found out that Cryptopia client is not synced with network. It seems stuck at 1488276... https://www.cryptopia.co.nz/CoinInfo/?coin=XMR   

[johnalan]

is there a point to plagiarizing a 7 month old steemit post?

Sig campaign of course!

At least its more effort than the typical "Monero is private... I like private.. therefore I like Monero"

Actually this forum rule is that  plagiarizing is insta perma ban. Basically the most steady rule of this forum.

What does a sig campaign mean?

[Globb0]

You have to display the signature for a period of time and make so many posts per week to earn some stake or token.

[ArticMine]

Some of my thoughts on Monero and the current crypto currency boom.

Monero has been in a consolidation phase with respect to Bitcoin since August of 2016. Take a look at the XMR/XBT weekly chart on a log scale https://bitcoinwisdom.com/markets/poloniex/xmrbtc and tell me what you see. The last major move was from 0.0016 XBT in June 2016 to a high of 0.0265 XBT in August 2016 for an increase of over 1600%. If the 0.0265 XBT high is broken on volume another major move upward is possible.

The current @crypto currency boom has seen Bitcoin to fall to under 40% market dominance. To put is bluntly this is indicative that there is something seriously wrong with Bitcoin. My take is that this is related to the fixed 1 MB blocksize limit in Bitcoin together with the consequence of skyrocketing fees and seriously delayed transactions. These are problems for which @Monero has a solution. The market is looking for an alt coin solution and for the time being has focused to a large degree on Ethereum. My take is that while @Ethereum has its uses that may justify its market cap replacing BItcoin is not one of them.. If the market chooses Monero then all bets are off.

The hackers are quietly hacking away. Sooner or later significant improvements will materialize. As to when? Who knows. That is the nature of FLOSS development. A recent example of this is multi sig, which is current being tested and not yet ready for main chain deployment.

My take is that if one is short Monero, the risk of a brutal negative reckoning is very high. As to when and to what extent I have no idea

https://steemit.com/bitcoin/@sayyedraza/xmr-monero-speculation

is there a point to plagiarizing a 7 month old steemit post?

Here is my original BCT post. The Steemit post was also plagiarized:

Some of my thoughts on Monero and the current crypto currency boom.

1) Monero has been in a consolidation phase with respect to Bitcoin since August of 2016. Take a look at the XMR/XBT weekly chart on a log scale https://bitcoinwisdom.com/markets/poloniex/xmrbtc and tell me what you see. The last major move was from 0.0016 XBT in June 2016 to a high of 0.0265 XBT in August 2016 for an increase of over 1600%. If the 0.0265 XBT high is broken on volume another major move upward is possible.
2) The current crypto currency boom has seen Bitcoin to fall to under 40% market dominance. To put is bluntly this is indicative that there is something seriously wrong with Bitcoin. My take is that this is related to the fixed 1 MB blocksize limit in Bitcoin together with the consequence of skyrocketing fees and seriously delayed transactions. These are problems for which Monero has a solution. The market is looking for an alt coin solution and for the time being has focused to a large degree on Ethereum. My take is that while Ethereum has its uses that may justify its market cap replacing BItcoin is not one of them.. If the market chooses Monero then all bets are off.
3) The hackers are quietly hacking away.  Sooner or later significant improvements will materialize. As to when? Who knows. That is the nature of FLOSS development. A recent example of this is multi sig, which is current being tested and not yet ready for main chain deployment.

My take is that if one is short Monero, the risk of a brutal negative reckoning is very high. As to when and to what extent I have no idea.

This is not investment advice. The risk of a complete loss of funds on a Monero position long or short (or more for a leveraged position) is very high. Please do your due diligence and obtain appropriate professional advice before investing or speculating. Disclosure: I have long positions in XMR, XBT and NMC, and I am also involved in the Monero project as a core team member.

[Celebrity]

Last time, monero caused a big economic loss for some monero holders but it's recovering the loss very patiently and we observe a demand boom for monero on assian exchanges. This is very nice.