[XMR] Monero Speculation

[Nathan047]

secret ASICS everywhere ?
https://twitter.com/derek_hsue/status/983388352849371137?s=21

Very likely considering that there are Ethereum ASICs announced and being sold to customers (but not shipped). It is very much the same situation.

So, there's a chance that they are being produced and secretly sold to a small selection of buyers? Sounds to me like this is bordering conspiracy theory territory, but then again weirder things have happened.

[1714156100]

1714156100

[sujaramu]

it is not immediately obvious when the adoption overtakes emission. My calculation is that XMR is not loved by speculators currently, and even many who like the coin are temporarily out, waiting for the price to come down. This would mean rocket fuel at the point when it is clear to everybody that the 250-450 trading range is permanently behind us.

[iram1011]

I have been analyzing the Monero chart and according to analysis, XMR has remained at $163 for the last hour, the triangular support line. The current price is above the support line and can rise to the $ 175 resistance line. Also, since the 100 SMA trend is lower than the 200 SMA trend, the support line is likely to collapse and the price is likely to be between $ 163 and $ 200. I expect a breakout from here.

[Hueristic]

https://qz.com/1247385/five-ways-to-reduce-your-cryptocurrency-taxes/

1: Be a long-term investor. Taxes are much lower if you own cryptocurrencies for more than one year; the IRS rewards patience. Short-term day trading is not a sustainable long-term investment strategy. Warren Buffett famously said, “The longer the view, the wiser the intention.” When Warren Buffett invests in a company, he assumes that the market will be closed for 10 years. Thinking long-term when investors do their due diligence on cryptocurrencies is a prudent strategy in most situations, as capital-gains taxes on investments held for more than one year are much lower than capital-gains taxes on investments held for less than one year.

The worst thing a cryptocurrency investor could do is to convert from one cryptocurrency to another if the investor has made a huge profit on the initial cryptocurrency. For example, if an investor bought $1 worth of Cryptocurrency A on Jan. 1 and then converted it into Cryptocurrency B once it reached a value of $101, then the investor would be taxed on the $100 gain, as the IRS views the conversion from one cryptocurrency to another as a sale and a purchase.
Then, if we assume that the same investor’s investment in Cryptocurrency B went from a value of $101 when Cryptocurrency B was purchased in year one to a value of $1 when they sold Cryptocurrency B in year two, then the tax implications are horrific. In this example, the investor would have to pay taxes on the $100 in realized profits in year one, even though the investor lost $100 on Cryptocurrency B in year two.

5: You can gift or donate your cryptocurrency and not pay taxes, if you have not sold the cryptocurrency. The process is similar to how the gifting of stocks process works. According to Schwab, when you gift a stock, the value of the gift is the fair market value when the stock has been gifted and, according to IRS guidelines, the maximum gift size for 2017 tax purposes is $14,000 per gift.

[aminorex]

there are Ethereum ASICs announced and being sold to customers (but not shipped). It is very much the same situation.

So, there's a chance that they are being produced and secretly sold to a small selection of buyers? Sounds to me like this is bordering conspiracy theory territory, but then again weirder things have happened.

Consider the position of an ASIC system builder.  If their rigs are profitable to operate why would they deliver them to customers?  The only reason would be to nourish guanxi.  Sales are all to the good - cash in hand being king - but deferring delivery on those sales means the bulk of the mining reward on that hardware can be earned in a few weeks or days, and the hardware sold at the high early price but delivered with much less ROI later in the hardware cycle.

I mean, it would be strange if it was not being done, since it would de-optimize the producers ROI.  Impetus to deliver to customers only arises when a competitor begins selling, driving the rig price down, and/or crashes your reward share.

In any case, it is not a conspiracy unless multiple actors collude for an unlawful purpose.  Nothing to see here then; move along.

[Febo]

Overall, Monero got lots of positive press and videos and everything now with changing mining algorithm.  More people that got in crypto in 2017 will now look at Monero. I bet all metrics of Monero went up ( google searches, reddit subs, ...) Such things are not seen on price immediately but gradually over time.

[Anon136]

Overall, Monero got lots of positive press and videos and everything now with changing mining algorithm.  More people that got in crypto in 2017 will now look at Monero. I bet all metrics of Monero went up ( google searches, reddit subs, ...) Such things are not seen on price immediately but gradually over time.

Yea. Confirmed. Big boost. https://trends.google.com/trends/explore?q=monero

[Hueristic]

Overall, Monero got lots of positive press and videos and everything now with changing mining algorithm.  More people that got in crypto in 2017 will now look at Monero. I bet all metrics of Monero went up ( google searches, reddit subs, ...) Such things are not seen on price immediately but gradually over time.

Yea. Confirmed. Big boost. https://trends.google.com/trends/explore?q=monero

NICE, good call Febo and thx for the link I always forget about that. I find it interesting when broken down by region as well. China is way up there, I like that.

BTW this makes me smile.

https://trends.google.com/trends/explore?q=bitcoin%20cash

[Anon136]

Overall, Monero got lots of positive press and videos and everything now with changing mining algorithm.  More people that got in crypto in 2017 will now look at Monero. I bet all metrics of Monero went up ( google searches, reddit subs, ...) Such things are not seen on price immediately but gradually over time.

Yea. Confirmed. Big boost. https://trends.google.com/trends/explore?q=monero

NICE, good call Febo and thx for the link I always forget about that. I find it interesting when broken down by region as well. China is way up there, I like that.

BTW this makes me smile.

https://trends.google.com/trends/explore?q=bitcoin%20cash

Oman, I lold. I search things on there all the time but it's always projects that I'm interested in. I never thought to search for crap to see if it is dying.

[Hueristic]

Well that dump was snatched right up, very nice.

https://www.binance.com/tradeDetail.html?symbol=XMR_BTC

[NeuroticFish]

I have been analyzing the Monero chart and according to analysis, XMR has remained at $163 for the last hour, the triangular support line. The current price is above the support line and can rise to the $ 175 resistance line. Also, since the 100 SMA trend is lower than the 200 SMA trend, the support line is likely to collapse and the price is likely to be between $ 163 and $ 200. I expect a breakout from here.

I somehow thought that since the mining has become cheaper, the price will start dropping for a while.
But nothing dramatic has happened on the markets and from what I read here the price has a good chance to actually rise. I wish you guys are right.

[bitebits]

I somehow thought that since the mining has become cheaper, the price will start dropping for a while.

As a counter: When a miner gets more XMR per kWh, it needs to sell less XMR to cover the electricity costs.

[explorer]

I somehow thought that since the mining has become cheaper, the price will start dropping for a while.

As a counter: When a miner gets more XMR per kWh, it needs to sell less XMR to cover the electricity costs.

It all depends whether said miner wants XMR or fiat or... 
price seems to be on a downward trend though.

[Hueristic]

I somehow thought that since the mining has become cheaper, the price will start dropping for a while.

As a counter: When a miner gets more XMR per kWh, it needs to sell less XMR to cover the electricity costs.

It all depends whether said miner wants XMR or fiat or... 
price seems to be on a downward trend though.

It'll tick up when BTC starts dropping again.

[Shnikes101]

I somehow thought that since the mining has become cheaper, the price will start dropping for a while.

As a counter: When a miner gets more XMR per kWh, it needs to sell less XMR to cover the electricity costs.

It all depends whether said miner wants XMR or fiat or... 
price seems to be on a downward trend though.

It'll tick up when BTC starts dropping again.

I'm curious if the profitability due to the recent fork pushed down prices due to miner movement?
Said another way - a good chunk of ETH hash moved over to XMR while it was more profitable. Assume they mined and instantly sold to BTC to buy either more eth or a coin of their choosing.

[Hueristic]

I somehow thought that since the mining has become cheaper, the price will start dropping for a while.

As a counter: When a miner gets more XMR per kWh, it needs to sell less XMR to cover the electricity costs.

It all depends whether said miner wants XMR or fiat or... 
price seems to be on a downward trend though.

It'll tick up when BTC starts dropping again.

I'm curious if the profitability due to the recent fork pushed down prices due to miner movement?
Said another way - a good chunk of ETH hash moved over to XMR while it was more profitable. Assume they mined and instantly sold to BTC to buy either more eth or a coin of their choosing.

I would say the biggest pressure on mining profitability has just been forked away and that is why we have seen such a bear market since january coupled with the overall scene's bubble. Without the ASICs I would think Monero would have held it's price v/s USD during the overall decline.

I wonder if anyone has calculated how much they have taken from the market cap these last 3 months. I am of course assuming that they were selling all along the way as well, which my be completely off.

[denetci]

Monero Confirms Ledger Wallet Support is Ready to Go
http://bitcoinist.com/monero-ledger-wallet-next-update-spagni/

Privacy-focused altcoin Monero (XMR) is set to receive official support from cryptocurrency hardware wallet manufacturer Ledger, lead code maintainer Riccardo Spagni has confirmed.

I know there has been delays in this but its better they take the time they need. Nothing would be worse then if they put out a product like this with flaws.

[originalcoin]

Selling MoneroGuide.com & MoneroExpert.com + Many great Crypto Domains.

Anyone Interested?

[leea-1334]

Overall, Monero got lots of positive press and videos and everything now with changing mining algorithm.  More people that got in crypto in 2017 will now look at Monero. I bet all metrics of Monero went up ( google searches, reddit subs, ...) Such things are not seen on price immediately but gradually over time.

Yea. Confirmed. Big boost. https://trends.google.com/trends/explore?q=monero

NICE, good call Febo and thx for the link I always forget about that. I find it interesting when broken down by region as well. China is way up there, I like that.

BTW this makes me smile.

https://trends.google.com/trends/explore?q=bitcoin%20cash

There is a term they say in football which I always think to myself about crypto. Form is temporary, class is permanent. And if you look at those Google charts all the while, you still see Monero moving up even after the big announcements in 2016. Bitcoin Cash? They throw money around, pump up and hype up at events. Give it all over the place to corporate suits. And still they get a big "Meh" from people.

Thanks for the post Febo!

[Hueristic]

Overall, Monero got lots of positive press and videos and everything now with changing mining algorithm.  More people that got in crypto in 2017 will now look at Monero. I bet all metrics of Monero went up ( google searches, reddit subs, ...) Such things are not seen on price immediately but gradually over time.

Yea. Confirmed. Big boost. https://trends.google.com/trends/explore?q=monero

NICE, good call Febo and thx for the link I always forget about that. I find it interesting when broken down by region as well. China is way up there, I like that.

BTW this makes me smile.

https://trends.google.com/trends/explore?q=bitcoin%20cash

There is a term they say in football which I always think to myself about crypto. Form is temporary, class is permanent. And if you look at those Google charts all the while, you still see Monero moving up even after the big announcements in 2016. Bitcoin Cash? They throw money around, pump up and hype up at events. Give it all over the place to corporate suits. And still they get a big "Meh" from people.

Thanks for the post Febo!

Yup, I had to look that one up!

http://languagecaster.com/weekly-football-phrase-form-is-temporary-class-is-permanent/

But this cannot be applied to software as class is not permanent with an ever evolving design.

But I get your point.

Monero Confirms Ledger Wallet Support is Ready to Go
http://bitcoinist.com/monero-ledger-wallet-next-update-spagni/

Privacy-focused altcoin Monero (XMR) is set to receive official support from cryptocurrency hardware wallet manufacturer Ledger, lead code maintainer Riccardo Spagni has confirmed.

I know there has been delays in this but its better they take the time they need. Nothing would be worse then if they put out a product like this with flaws.

Is there a list of which specific ledger wallets will support this? I'd hate to get one and find out later it didn't.