[XMR] Monero Speculation

[bstewart]

It's kind of humorous and sad how low of a market cap monero has when compared to the rest of the market. Monero is one of the top solid currency projects out there.

[Rusmintan]

I believe in this coin. This is the leader among anonymous coins. And it seems to me that Monero will remain the leader forever. Even though anonymous coins appear more and more.

I think it is the best of the anonymous coin. So most of my friends are accumulating it.

[Febo]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.


OK, while writing it makes me think. I call that Monero will not go under $50.   Most of time will stay way over that but should not go under this number ever.

[mambamanagement]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.

isn’t the cost to mine one bitcoin around 6,000? seems unlikely to me.

[Febo]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.

isn’t the cost to mine one bitcoin around 6,000? seems unlikely to me.

Mining always adjust. Those that pay higher cost of electricity will stop mining, so total hash power will decrease and so difficulty to mine.  Those in Venezuela that have almost free electricity because socialist country gives it to their citizens will continue to mine.

[Hueristic]

any guesses where monero bottoms?

When Bitcoin does and then it will increase faster than bitcoin. We apparently are still in a bubble and the BTC/BCH shitshow as well as the futures market are not helping matters at all. those "Institutional" investors have the capitol to make their own shorts self fulfilling. We were manipulated before but now with freely printed Fiat behind these institutions all control is lost on a macro scale.

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.

isn’t the cost to mine one bitcoin around 6,000? seems unlikely to me.

I thought the average is $3500, there is a chart around somewhere I think I saw it in the BTC Wall thread.

[phishead]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.


OK, while writing it makes me think. I call that Monero will not go under $50.   Most of time will stay way over that but should not go under this number ever.

If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.

Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.

[mambamanagement]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.


OK, while writing it makes me think. I call that Monero will not go under $50.   Most of time will stay way over that but should not go under this number ever.

If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.

Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.

do you think monero will go to $50?

[phishead]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.


OK, while writing it makes me think. I call that Monero will not go under $50.   Most of time will stay way over that but should not go under this number ever.

If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.

Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.

do you think monero will go to $50?

¯\_(ツ)_/¯

All I know is if that were to happen, it will be my first opportunity to *comfortably* snag some now that I’m not living on a part-time/making it through school type of pay check. I will surely be one happy boi.

[Febo]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.


OK, while writing it makes me think. I call that Monero will not go under $50.   Most of time will stay way over that but should not go under this number ever.

If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.

Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.

I said it will most likely not. Like 99% sure it will not. And Yes. If that would happen than all that are holding any crypto and are not here from 2012 and so having piles of btc will get totally depressed.

[Billy Bunter]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.


OK, while writing it makes me think. I call that Monero will not go under $50.   Most of time will stay way over that but should not go under this number ever.

If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.

Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.

Anyone that looks forward to Monero hitting $50 again can just fuck right off.

If you'll pardon my French.

[ozkraut]

Found a bit of additional info on Tari. In particular a bit more background on its usecase. Pretty good methinks:

https://bitcoinmagazine.com/articles/tari-introduces-blockchain-protocol-digital-assets-built-monero/

[ArticMine]

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Is that the reason why XMR price dropped in recent days? In my knowledge, almost of MN coins often drastically drop in the long-run.

There is of course the long running DASH/XMR market om Poloniex that can speak on this subject.  https://poloniex.com/exchange#xmr_dash

Edit: I would not be surprised if see a crash of DASH on the above market in the future, because of bulletproofs.

[Anon136]

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Is that the reason why XMR price dropped in recent days? In my knowledge, almost of MN coins often drastically drop in the long-run.

There is of course the long running DASH/XMR market om Poloniex that can speak on this subject.  https://poloniex.com/exchange#xmr_dash

Edit: I would not be surprised if see a crash of DASH on the above market in the future, because of bulletproofs.

Do you really think there is a chance that bullet proofs aren't already priced in?

[phishead]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.


OK, while writing it makes me think. I call that Monero will not go under $50.   Most of time will stay way over that but should not go under this number ever.

If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.

Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.

Anyone that looks forward to Monero hitting $50 again can just fuck right off.

If you'll pardon my French.

Ok, obviously you (and probably others) misunderstood my point so let me try and explain.  I'm just your average lurker and always have been... no sort of technical knowledge about computers or day trading, so take what I have to say with a grain of salt... I will probably do a horrible job of trying to portray my point.

But just think when Monero was hanging around the $50 mark.  I remember it being right around a year ago and was listening to Fluffy's lovely sermon of false hopes at Chapel de Monero and people freaked the fuck out.  Anyways, I remember that it had just gotten to like $50 or so during the big pump before the Monero Enterprise Alliance announcement.  The GUI was hot'n fresh still and everyone was able to wash it down with a tantalizingly delicious glass of Barolo like fucking gentlemen.  This was only a year ago.

I'm digressing, but my point is that corrections are normal and why not embrace dumps when they come around?  If people are honestly stupid enough to dump a significant (>50%) portion of their XMR holdings during a generalized crypto correction because of concerns of their short term profits and not seing the big picture, you should capitalize on it.  The GUI for XMR along with other "announcements" about Monero, such as being used on dark web markets, was revolutionary back then for speculators.  We pumped, dumped, almost had a community civil war and the pony supposedly had multiple major threats from random people on the Internet.  This was all done in a matter of like a month.  The story of this project and other cryptocurrencies moves super fucking quick and it's hard to keep up with for the average person (like myself).

Where we are now in terms of actual coding progress (from what I can gather/other knowledgeable people say) is monumentally more substantial in terms of keeping Monero fuandmental more secure/resource friendly/and yes, private. Also the community has gotten so big, it's pretty impressive.  Hardware wallets, mobile wallets, sexy black themed GUI wallets, bullet proofs, multisig, Kovri soon™, constant development and fresh ideas on how to improve the code coming from MRL and dank ass memes from MEA.  Oh you want a Katy Perry poster?  Let me suggest you use Monero via Globee so you can hide the fact that you want to buy a god damned Katy Perry poster. There are probably more things I'm forgetting or just haven't seen yet because I don't have as much free time as I once had to keep up with the ongoing news.

But again, I'm just a lurker and don't really have much knowledge on how to draw fancy lines on graphs and tell you how you can retire in 5 years or how to put the pussy on the new Tari chainwax.  ... Excuse me while I go fuck right off to the thought of being able to grab more XMR at the $50 price point knowing that it's so much more fundamentally sound now than we even dreamed it would be just only a year ago.

[ArticMine]

...

Do you really think there is a chance that bullet proofs aren't already priced in?

It is possible but if 2015 and the LMDB was any indication I think not. Many may remember that before LMDB the entire Monero blockchain had to be stored in RAM. LMDB for Monero was available on the main chain during part of 2015 but not as an "official" release. It only became "official" on New Years eve 2015. The result was a spectacular bull run in XMR/XBT during 2016, where the price of XMR in terms of XBT rose by over 26 times.

Edit 1: Unlike LMDB during part of 2015, Bulletproofs are not available on the Monero main chain.
Edit 2: I consider the downside risk of being short Monero when bulletproofs go live to be very high.

[bstewart]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.


OK, while writing it makes me think. I call that Monero will not go under $50.   Most of time will stay way over that but should not go under this number ever.

If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.

Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.

Anyone that looks forward to Monero hitting $50 again can just fuck right off.

If you'll pardon my French.

Ok, obviously you (and probably others) misunderstood my point so let me try and explain.  I'm just your average lurker and always have been... no sort of technical knowledge about computers or day trading, so take what I have to say with a grain of salt... I will probably do a horrible job of trying to portray my point.

But just think when Monero was hanging around the $50 mark.  I remember it being right around a year ago and was listening to Fluffy's lovely sermon of false hopes at Chapel de Monero and people freaked the fuck out.  Anyways, I remember that it had just gotten to like $50 or so during the big pump before the Monero Enterprise Alliance announcement.  The GUI was hot'n fresh still and everyone was able to wash it down with a tantalizingly delicious glass of Barolo like fucking gentlemen.  This was only a year ago.

I'm digressing, but my point is that corrections are normal and why not embrace dumps when they come around?  If people are honestly stupid enough to dump a significant (>50%) portion of their XMR holdings during a generalized crypto correction because of concerns of their short term profits and not seing the big picture, you should capitalize on it.  The GUI for XMR along with other "announcements" about Monero, such as being used on dark web markets, was revolutionary back then for speculators.  We pumped, dumped, almost had a community civil war and the pony supposedly had multiple major threats from random people on the Internet.  This was all done in a matter of like a month.  The story of this project and other cryptocurrencies moves super fucking quick and it's hard to keep up with for the average person (like myself).

Where we are now in terms of actual coding progress (from what I can gather/other knowledgeable people say) is monumentally more substantial in terms of keeping Monero fuandmental more secure/resource friendly/and yes, private. Also the community has gotten so big, it's pretty impressive.  Hardware wallets, mobile wallets, sexy black themed GUI wallets, bullet proofs, multisig, Kovri soon™, constant development and fresh ideas on how to improve the code coming from MRL and dank ass memes from MEA.  Oh you want a Katy Perry poster?  Let me suggest you use Monero via Globee so you can hide the fact that you want to buy a god damned Katy Perry poster. There are probably more things I'm forgetting or just haven't seen yet because I don't have as much free time as I once had to keep up with the ongoing news.

But again, I'm just a lurker and don't really have much knowledge on how to draw fancy lines on graphs and tell you how you can retire in 5 years or how to put the pussy on the new Tari chainwax.  ... Excuse me while I go fuck right off to the thought of being able to grab more XMR at the $50 price point knowing that it's so much more fundamentally sound now than we even dreamed it would be just only a year ago.

Corrections are definitely normal but unfortunately this market is affected by bitcoin's corrections as well as their own independent corrections. I will avoid venting but it's irritating that useful coins like xmr get taken down along with bitcoin.

[Hueristic]

Found a bit of additional info on Tari. In particular a bit more background on its usecase. Pretty good methinks:

https://bitcoinmagazine.com/articles/tari-introduces-blockchain-protocol-digital-assets-built-monero/

The Tari team noted that there is no “core team” for Monero.

Really? Or maybe bitcoinmagazine.com just don't proof read? Are these paid articles there?

We will also achieve additional throughput by building a MimbleWimble chain.

How are they going to do this with merge mining yet also staying withing the earlier assurtion...

Spagni also pointed out that merged-mining with Monero’s proof of work system doesn’t incur additional electricity costs or environmental damage risks traditionally associated with proof of work, since miners aren’t burning more cycles.

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Is that the reason why XMR price dropped in recent days? In my knowledge, almost of MN coins often drastically drop in the long-run.

There is of course the long running DASH/XMR market om Poloniex that can speak on this subject.  https://poloniex.com/exchange#xmr_dash

Edit: I would not be surprised if see a crash of DASH on the above market in the future, because of bulletproofs.

This guys pulling a soft troll trying to get the unwashed to believe this MN bullshit. First they come in here saying Monero is going to add them and then claim the price falls because of that it's orchestrated Fud.

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Is that the reason why XMR price dropped in recent days? In my knowledge, almost of MN coins often drastically drop in the long-run.

There is of course the long running DASH/XMR market om Poloniex that can speak on this subject.  https://poloniex.com/exchange#xmr_dash

Edit: I would not be surprised if see a crash of DASH on the above market in the future, because of bulletproofs.

Do you really think there is a chance that bullet proofs aren't already priced in?

It's when they are actually running and people cannot point to transaction size and say "See" that it will be priced in.

...

Do you really think there is a chance that bullet proofs aren't already priced in?

It is possible but if 2015 and the LMDB was any indication I think not. Many may remember that before LMDB the entire Monero blockchain had to be stored in RAM. LMDB for Monero was available on the main chain during part of 2015 but not as an "official" release. It only became "official" on New Years eve 2015. The result was a spectacular bull run in XMR/XBT during 2016, where the price of XMR in terms of XBT rose by over 26 times.

Edit 1: Unlike LMDB during part of 2015, Bulletproofs are not available on the Monero main chain.
Edit 2: I consider the downside risk of being short Monero when bulletproofs go live to be very high.

Lets not forget we can attribute a lot of that to alphabay, but I agree with you

[Hueristic]

...


way too long to quote!

If it goes to $50 your putting me in the Pool this year!
And if you make it PPR again I'm coming through the webs to throttle you.

[infofront]

If Monero implemented masternodes I would immediately sell all (3) of my coins.

I would rather be invested in Etherium.

Well...  Almost.

Is that the reason why XMR price dropped in recent days? In my knowledge, almost of MN coins often drastically drop in the long-run.

There is of course the long running DASH/XMR market om Poloniex that can speak on this subject.  https://poloniex.com/exchange#xmr_dash

Edit: I would not be surprised if see a crash of DASH on the above market in the future, because of bulletproofs.

Do you really think there is a chance that bullet proofs aren't already priced in?

I think it's certain that bulletproofs aren't priced in (much). We've only just begun the research phase to see if they're even safe/viable.

A parallel might be, what happens to a drug company's stock when they begin phase I clinical trials of a new drug?