[XMR] Monero Speculation

[estenity]

so we have learnt an important lesson today:

financial crisis in the world determines a fall in crypto markets, same as in other asset classes.


anyway we then know who has mainly driven the crypto market from 10 billions to 700 billions and now 200 billions.


we became dependant of the classical finance, rather than of individual investors..

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[kurious]

They say that Monero still has huge growth potential, is that true? I think the price has calmed down and you can not dream of ToTheMoon. Do you think this is real?

A lot of things have a huge growth potential.  If you ask around here you will find a lot of people who bought way back and are many thousands of % up, which does show a good track record so far.

The problem with potential is it's hard to quantify in future in terms of a) how much, and b) when.

That's why hodling pays; it's often hard work.  No one here has a good enough crystal ball to give financial advice, but the majority believe.

The best advice?  Do your own research, make your own decision.  Then if you like the tech, the development and the support behind Monero? Well, join in... you will be welcome.

[Hueristic]

CLI v0.13.0.2 'Beryllium Bullet' released!

https://www.reddit.com/r/Monero/comments/9na46l/cli_v01302_beryllium_bullet_released/

This is the CLI v0.13.0.2 'Beryllium Bullet' point release, which a user, service, merchant, pool operator, or exchange should run to be sufficiently prepared for the scheduled protocol upgrade of October 18 (for which more information can be found here).

Great, has there been any talk of when the pruning will take place?

It will probably be fully implemented in v0.14.

thx

[elrippos friend]

They say that Monero still has huge growth potential, is that true? I think the price has calmed down and you can not dream of ToTheMoon. Do you think this is real?

A lot of things have a huge growth potential.  If you ask around here you will find a lot of people who bought way back and are many thousands of % up, which does show a good track record so far.

The problem with potential is it's hard to quantify in future in terms of a) how much, and b) when.

That's why hodling pays; it's often hard work.  No one here has a good enough crystal ball to give financial advice, but the majority believe.

The best advice?  Do your own research, make your own decision.  Then if you like the tech, the development and the support behind Monero? Well, join in... you will be welcome.

Nothing to add here 

[Millionero]

ah ffs. someone just dumped us down... 

We will get up again 

https://www.youtube.com/watch?v=LODkVkpaVQA

[Febo]

so we have learnt an important lesson today:

financial crisis in the world determines a fall in crypto markets, same as in other asset classes.


anyway we then know who has mainly driven the crypto market from 10 billions to 700 billions and now 200 billions.


we became dependant of the classical finance, rather than of individual investors..

Of course it will happen that way. when is economic crash everything crashes. Also Gold. But Gold crashes least and recovers fastest. My speculation is that good crypto will recover as fast as Gold.   Biggest question I have is when will this happen. In middle of next bull run. After Bitcoin reach next ATH and crash. Or Bitcoin crash after next ATH will be a trigger for an economic crysis. 

[pönde]

so we have learnt an important lesson today:

financial crisis in the world determines a fall in crypto markets, same as in other asset classes.


anyway we then know who has mainly driven the crypto market from 10 billions to 700 billions and now 200 billions.


we became dependant of the classical finance, rather than of individual investors..

Of course it will happen that way. when is economic crash everything crashes. Also Gold. But Gold crashes least and recovers fastest. My speculation is that good crypto will recover as fast as Gold.   Biggest question I have is when will this happen. In middle of next bull run. After Bitcoin reach next ATH and crash. Or Bitcoin crash after next ATH will be a trigger for an economic crysis. 

There is going on discussion of this topic on reddit too.
https://www.reddit.com/r/xmrtrader/comments/9nl9gd/economic_collapse_and_monero/

Go there.

[cAPSLOCK]

Ancient Buddhist Koan:

What is the sound of 1000 toilets flushing?

https://support.binance.com/hc/en-us/articles/360017720731-Binance-Will-Delist-BCN-CHAT-ICN-TRIG

Don't let the door hit your ass on the way out.  Let's hope other exchanges can follow.  This helps validate the truly worthy cryptonote projects with Monero leading the pack.

[Hueristic]

So I noticed the dump 3 days ago came right after the BTC dump.

I've been away and just catching up on a lot of shit right now.

So does anyone know why?

[Whtwabbit]

So I noticed the dump 3 days ago came right after the BTC dump.

I've been away and just catching up on a lot of shit right now.

So does anyone know why?

Dumped pretty much in the same minute

""Definition of coordination
1 : the process of organizing people or groups so that they work together properly and well"

My guess is they had to have a big dump to make crypto not look like a safe haven, could have started a tsunami of USD into the crypto markets

If the sell off was due the bonds, markets etc, wouldn't the crypto sell off happen at the same time?

I mean selling BTC for USD as a safe haven... really....

[kurious]

So I noticed the dump 3 days ago came right after the BTC dump.

I've been away and just catching up on a lot of shit right now.

So does anyone know why?

Well, the BTC dump seems to have been because of the stock markets' fall.  And Monero's drop was because of the BTC dump. XMR has been rising and falling in line with BTC - so if you do hold both, it's a win / win (or lose / lose).

However, I am concerned the BTC dump was engineered.  Why? Because hedge funds were excited that BTC is an 'uncorrelated' asset, which is the holy grail for them, a safe haven when all else is dumping.  So for BTC to follow stocks screws that up - and around 15,000 BTC dropped on Finex was enough to sort that 'myth' out - market wide.  

Clever / unfortunate?  Who knows.  But I wish BTC had gone up with the stock market woes.  It would have finished the bear market for BTC in minutes.  And that would be.... nice.

[Hueristic]

So I noticed the dump 3 days ago came right after the BTC dump.

I've been away and just catching up on a lot of shit right now.

So does anyone know why?

Dumped pretty much in the same minute

""Definition of coordination
1 : the process of organizing people or groups so that they work together properly and well"

My guess is they had to have a big dump to make crypto not look like a safe haven, could have started a tsunami of USD into the crypto markets

If the sell off was due the bonds, markets etc, wouldn't the crypto sell off happen at the same time?

I mean selling BTC for USD as a safe haven... really....

So I noticed the dump 3 days ago came right after the BTC dump.

I've been away and just catching up on a lot of shit right now.

So does anyone know why?

Well, the BTC dump seems to have been because of the stock markets' fall.  And Monero's drop was because of the BTC dump. XMR has been rising and falling in line with BTC - so if you do hold both, it's a win / win (or lose / lose).

However, I am concerned the BTC dump was engineered.  Why? Because hedge funds were excited that BTC is an 'uncorrelated' asset, which is the holy grail for them, a safe haven when all else is dumping.  So for BTC to follow stocks screws that up - and around 15,000 BTC dropped on Finex was enough to sort that 'myth' out - market wide.   

Clever / unfortunate?  Who knows.  But I wish BTC had gone up with the stock market woes.  It would have finished the bear market for BTC in minutes.  And that would be.... nice.

Well it looks like it failed as the market has stayed steady since. Is was actually nice to see Monero act in coordination again even though it was in the wrong direction. That should definitely help in pointing the finger at what was behind the attempt.

[owlcatz]

It sorta feels like a calm before a storm. Just my opinion ofc. ...

[Febo]

It sorta feels like a calm before a storm. Just my opinion ofc. ...

I dont know. there was a lot of optimism last week and all that happen was a stock crash and BTC crash and Monero crash.   there should be increased publicity this week because the protocol upgrade. But question is how much will that matter in all this crypto noise around us.

[Globb0]

Get it out there,

Get the fees and transaction size reductions clear for all to see,

Then we will know.

[elrippos friend]

It sorta feels like a calm before a storm. Just my opinion ofc. ...

I dont know. there was a lot of optimism last week and all that happen was a stock crash and BTC crash and Monero crash.   there should be increased publicity this week because the protocol upgrade. But question is how much will that matter in all this crypto noise around us.

First there comes the dip and then we have the explosion 

[tokeweed]

It sorta feels like a calm before a storm. Just my opinion ofc. ...

I dont know. there was a lot of optimism last week and all that happen was a stock crash and BTC crash and Monero crash.   there should be increased publicity this week because the protocol upgrade. But question is how much will that matter in all this crypto noise around us.

Dude...  The biggest mistake I ever made was not holding XMR when I had the chance starting at below 5 bucks or below .50 cents even.  I'm not making the same mistake again.

[elrippos friend]

It sorta feels like a calm before a storm. Just my opinion ofc. ...

I dont know. there was a lot of optimism last week and all that happen was a stock crash and BTC crash and Monero crash.   there should be increased publicity this week because the protocol upgrade. But question is how much will that matter in all this crypto noise around us.

Dude...  The biggest mistake I ever made was not holding XMR when I had the chance starting at below 5 bucks or below .50 cents even.  I'm not making the same mistake again.

Your learning curve corresponds to the price 

[Hueristic]

It sorta feels like a calm before a storm. Just my opinion ofc. ...

I dont know. there was a lot of optimism last week and all that happen was a stock crash and BTC crash and Monero crash.   there should be increased publicity this week because the protocol upgrade. But question is how much will that matter in all this crypto noise around us.

Dude...  The biggest mistake I ever made was not holding XMR when I had the chance starting at below 5 bucks or below .50 cents even.  I'm not making the same mistake again.

Yep, this looks like big brother printed money trying to fud the scene. I wish there had been a rebound but after absorbing all that I am happy just to see a stable floor on both Monero and BTC side.

I think this was a liquidity attack and now they have to get some coins back before doing it again.

At least I hope they don't have the ammo to do it again soon.

Added: Dammit it didn't dip into my buy.

[kurious]

The establishment wants your coins.  Don't let them have them.

They chose to dump on BTC and Monero in particular.  Why? because they are the biggest threats to the established order of things. They can't beat them, so they have to buy them - but they want to buy them cheap.

Only sensible conclusion:  HODL.