[XMR] Monero Speculation

[kurious]

Shit, wish I had waited to buy last week.
Well there is always this week.

Also next week?  Probably?

Maybe, depends on Bitcoin.  I have a couple of XMR buys further down in both USD and BTC pairs, but it seems $40 is the new $50 XMR/USD resistance level, for now and we may have seen the worst (unless Bitcoin dives again).

I think there will still be uncertainty and possible lower lows in BTC until end of January, unless there is a BAAKT 'bump' coming.

[gembitz]

Dash is just a Bitcoin clone with discarded technology on top of a ponzi scheme (masternodes).

Monero, on the other hand, is unique both in code and features, and basically got all the main fundamental points right, btw, Articmine videos on youtube are some of the best explanations of the economics of Monero: https://www.youtube.com/watch?v=0EKuEfOI86I   https://www.youtube.com/watch?v=ECqcf-Nyjmw

monero is just a bytecoin clone  lol

Yeah, except for the GUI, RingCT, bulletproofs, updated PoW algorithm, LMDB, mandatory minimum ring size and decoy selection that doesn't completely suck to the point of being useless, and a million other things that actually make it not shit.

you don't make any sense ~ it's based off Bytecoin period. get over it.

[gembitz]

And an awesome community...  I mean compared to BTC, XMR's community is less uptight and more easy going...  And less taking themselves seriously.  Seriously.  

bwaahaha ya right wheras fat unicorn pony is prolly a undercover cop lol

[gembitz]

Is this coin dead? Asking for a friend.    #gitlab when?


==================================>>
[10:31] == LEGENDOFOWLZZZ [42d6ea73@gateway/web/freenode/ip.1.127.1337.1337] has joined #monero-dev
[10:31] <LEGENDOFOWLZZZ> WHEN GITLABZZZ
[10:31] <LEGENDOFOWLZZZ> ?
[10:31] <@fluffypony> LEGENDOFOWLZZZ: no.
[10:32] <LEGENDOFOWLZZZ> YES MAN
[10:32] <LEGENDOFOWLZZZ> I DID
[10:32] <LEGENDOFOWLZZZ> FOR U
 >_>
[10:33] == mode/#monero-dev [+b LEGENDOFOWLZZZ*!*@*] by fluffypony
[10:33] == LEGENDOFOWLZZZ was kicked from #monero-dev by fluffypony [I said no.]

<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<

-------------------------------------------------------------------
#gitlab is where most open source projects are moving to!!
-------------------------------------------------------------------

What actually happened:

SAVE US!! LOL

[cAPSLOCK]

Shit, wish I had waited to buy last week.
Well there is always this week.

Also next week?  Probably?

Maybe, depends on Bitcoin.  I have a couple of XMR buys further down in both USD and BTC pairs, but it seems $40 is the new $50 XMR/USD resistance level, for now and we may have seen the worst (unless Bitcoin dives again).

I think there will still be uncertainty and possible lower lows in BTC until end of January, unless there is a BAAKT 'bump' coming.

Bakkt continues to be a wildcard.  With Caitlin Long and her constant rehypothication/comingling warnings about Wall Street's arrival as well as other things I think it has muted any front-running of price rise.  I still cant figure if her constant warnings are purely cautionary or if there is a fud aspect.  So I think the market is spooked there, as we are pricing in the sentiment that ETFs are NOT coming any time soon.  I think once BAKKT and others are up and running we will see the real effects.  And I think as usual this will echo in the Monero market.

[tokeweed]

And an awesome community...  I mean compared to BTC, XMR's community is less uptight and more easy going...  And less taking themselves seriously.  Seriously.  

bwaahaha ya right wheras fat unicorn pony is prolly a undercover cop lol

My grandma can do better trolling than you bud.  Try harder. 

[kurious]

Shit, wish I had waited to buy last week.
Well there is always this week.

Also next week?  Probably?

Maybe, depends on Bitcoin.  I have a couple of XMR buys further down in both USD and BTC pairs, but it seems $40 is the new $50 XMR/USD resistance level, for now and we may have seen the worst (unless Bitcoin dives again).

I think there will still be uncertainty and possible lower lows in BTC until end of January, unless there is a BAAKT 'bump' coming.

Bakkt continues to be a wildcard.  With Caitlin Long and her constant rehypothication/comingling warnings about Wall Street's arrival as well as other things I think it has muted any front-running of price rise.  I still cant figure if her constant warnings are purely cautionary or if there is a fud aspect.  So I think the market is spooked there, as we are pricing in the sentiment that ETFs are NOT coming any time soon.  I think once BAKKT and others are up and running we will see the real effects.  And I think as usual this will echo in the Monero market.

I think Caitlin Long has a point - and if you've see her talking on it, it's pretty convincing.  I do think the crypto market is equivocal about it, I am not personally convinced it will be 'all good' either.   Yes, it involves real bitcoin, unlike the CME /CBOE futures and therefore should draw coins from the market.  However, the habitual rehypothecation habits those behind BAKKT are used to are real - and these habits, if applied - risk challenging part of the the value proposition Bitcoin offers; that of it being hard money with a verifiable, fixed and limited supply.

I would like to think it will help Monero, but Monero is still in a crypto market driven by Bitcoin, so if BAKKT is bad for Bitcoin, then even if Monero is not part of it, it won't help.

Let's hope BAKKT is a positive, we can only wait and to see.

[gembitz]

And an awesome community...  I mean compared to BTC, XMR's community is less uptight and more easy going...  And less taking themselves seriously.  Seriously.  

bwaahaha ya right wheras fat unicorn pony is prolly a undercover cop lol

My grandma can do better trolling than you bud.  Try harder. 

your grandma a hodler? lol

[H.W.P]

I decided that I would sell all my Monero coins and buy Ethereum, it seems to me that it is much more promising and will be able to show much more growth than Monero does. Which coin do you think is stronger? Something I stopped believing in Monero, too many competitors.

[Febo]

I decided that I would sell all my Monero coins and buy Ethereum, it seems to me that it is much more promising and will be able to show much more growth than Monero does. Which coin do you think is stronger? Something I stopped believing in Monero, too many competitors.

Like there are not enough asset platforms as Ethereum? Probably there are 100. Everything have competition. I dont believe Monero have that much competition.

[KeyJockey]

I stopped believing in Monero, too many competitors.

LOL     Ummmm yeah. What Febo said.

There’s prob a half dozen other projects that want to be ETH (want to replace it) but if you really understand exactly WHAT it is precisely that Monero does (and HOW it does it) then it’s abundantly CLEAR AND OBVIOUS that there’s nothing AT ALL like Monero out there, XMR is quite unique.

Try again.

[cAPSLOCK]

Shit, wish I had waited to buy last week.
Well there is always this week.

Also next week?  Probably?

Maybe, depends on Bitcoin.  I have a couple of XMR buys further down in both USD and BTC pairs, but it seems $40 is the new $50 XMR/USD resistance level, for now and we may have seen the worst (unless Bitcoin dives again).

I think there will still be uncertainty and possible lower lows in BTC until end of January, unless there is a BAAKT 'bump' coming.

Bakkt continues to be a wildcard.  With Caitlin Long and her constant rehypothication/comingling warnings about Wall Street's arrival as well as other things I think it has muted any front-running of price rise.  I still cant figure if her constant warnings are purely cautionary or if there is a fud aspect.  So I think the market is spooked there, as we are pricing in the sentiment that ETFs are NOT coming any time soon.  I think once BAKKT and others are up and running we will see the real effects.  And I think as usual this will echo in the Monero market.

I think Caitlin Long has a point - and if you've see her talking on it, it's pretty convincing.  I do think the crypto market is equivocal about it, I am not personally convinced it will be 'all good' either.   Yes, it involves real bitcoin, unlike the CME /CBOE futures and therefore should draw coins from the market.  However, the habitual rehypothecation habits those behind BAKKT are used to are real - and these habits, if applied - risk challenging part of the the value proposition Bitcoin offers; that of it being hard money with a verifiable, fixed and limited supply.

I would like to think it will help Monero, but Monero is still in a crypto market driven by Bitcoin, so if BAKKT is bad for Bitcoin, then even if Monero is not part of it, it won't help.

Let's hope BAKKT is a positive, we can only wait and to see.

Yes, it seems we see this very similarly. As to Caitlin Long... I feel like she often plays the blockchain vs. Bitcoin game a little more than I like. The constant talk about how blockchain is going to revolutionize the financial world, but then in other interviews acting sort of like a Bitcoin maximalist. It makes me think she almost is saying what is expedient in that moment. On the other hand I think she brings a level of intelligence, professionalism, and Wall Street Experience to the discourse that very few others have. So I judge her message similar to her person... kind of mixed - kind of unpredictable and it makes me just slightly suspicious at times that she could even be some sort of industry plant spreading a little bit of fud to make the markets sort of look the other way while... Well I don't know... I'm starting to sound like a conspiracy theorist.

[Febo]

https://www.blockchaintransparency.org/

It sort of makes sense that top exchanges from 1-2 years ago now just cant be rank 50.  It is logical they just cant lose so much compared to new ones unless they would do something really wrong. 


Monero is missed on Coinbase, Bitstamp, bitFlyer and Gemini.

[XMR2020]

I decided that I would sell all my Monero coins and buy Ethereum, it seems to me that it is much more promising and will be able to show much more growth than Monero does. Which coin do you think is stronger? Something I stopped believing in Monero, too many competitors.

Have you done any fundamental analysis on appcoins? I'd love to see what you come up with because every fundamental analysis I've seen supports the near-universal conclusions that ETH is overvalued even at current price levels.

https://medium.com/john-pfeffer/an-institutional-investors-take-on-cryptoassets-690421158904
https://blog.bitmex.com/ether-a-double-digit-shitcoin/
https://research.bloomberg.com/pub/res/d37g1yWebn9LbRbS09rquSuSoDQ

World computer and D-apps are nonsense and there just isn't any money in crypto kitties. However, It'll have a few pump and dumps before the price falls in line with fundamentals, maybe you'll get lucky and time it right.

[Hueristic]

I decided that I would sell all my Monero coins and buy Ethereum, it seems to me that it is much more promising and will be able to show much more growth than Monero does. Which coin do you think is stronger? Something I stopped believing in Monero, too many competitors.

You are a moron, that ship is sinking to never come back.
But you are only in it for the profits so Bye bye.

[H.W.P]

Monero is a very speculative tool and I think that next year it can fall very badly, there are networks much better than monero and many switches to them. I left 10% of my tokens in case there would suddenly be a strong increase, and I almost sold everything.

[Hueristic]

Fuk, just missed the dump to .0120.
Couldn't put a bid in while I was away.

[phishead]

I decided that I would sell all my Monero coins and buy Ethereum, it seems to me that it is much more promising and will be able to show much more growth than Monero does. Which coin do you think is stronger? Something I stopped believing in Monero, too many competitors.

You are a moron, that ship is sinking to never come back.
But you are only in it for the profits so Bye bye.

Hindsight is always 20/20 my friend.  I remember a certain someone not being able to pull the trigger on cheap sub $5 coins before the alphabay pump

[kurious]

Bakkt continues to be a wildcard.  With Caitlin Long and her constant rehypothication/comingling warnings about Wall Street's arrival as well as other things I think it has muted any front-running of price rise.  I still cant figure if her constant warnings are purely cautionary or if there is a fud aspect.  So I think the market is spooked there, as we are pricing in the sentiment that ETFs are NOT coming any time soon.  I think once BAKKT and others are up and running we will see the real effects.  And I think as usual this will echo in the Monero market.

I think Caitlin Long has a point - and if you've see her talking on it, it's pretty convincing.  I do think the crypto market is equivocal about it, I am not personally convinced it will be 'all good' either.   Yes it involves real bitcoin, unlike the CME /CBOE futures and therefore should draw coins from the market.  However, the habitual rehypothecation habits those behind BAKKT are used to are real - and these habits, if applied - risk challenging part of the the value proposition Bitcoin offers; that of it being hard money with a verifiable, fixed and limited supply.

I would like to think it will help Monero, but Monero is still in a crypto market driven by Bitcoin, so if BAKKT is bad for Bitcoin, then even if Monero is not part of it, it won't help.

Let's hope BAKKT is a positive, we can only wait and to see.

Yes, it seems we see this very similarly. As to Caitlin Long... I feel like she often plays the blockchain vs. Bitcoin game a little more than I like. The constant talk about how blockchain is going to revolutionize the financial world, but then in other interviews acting sort of like a Bitcoin maximalist. It makes me think she almost is saying what is expedient in that moment. On the other hand I think she brings a level of intelligence, professionalism, and Wall Street Experience to the discourse that very few others have. So I judge her message similar to her person... kind of mixed - kind of unpredictable and it makes me just slightly suspicious at times that she could even be some sort of industry plant spreading a little bit of fud to make the markets sort of look the other way while... Well I don't know... I'm starting to sound like a conspiracy theorist.

Hey - I am not going to judge a fellow OG with the same fears as I have

I think Caitlin's a pretty square old school banker (she was a big cheese in merchant banking) who went a little bit 'rogue'. So I listen, but sure - with a small pinch of salt.

I think she is used to being combative and effective... but she is flagging up banker scam-thinking and so is worth a listen.  We're talking about it - and maybe a little more sceptically because of her, so she is at least doing some good.  Her POV is at least a contrary one and a thought provoking.

BAKKT aside; bigger picture:  

Basically, we are hodling and passing through dark times.  It is tough.  We may, or may not be right.  But if we are right, these will be the times we will feel vindicated by.

I am betting (and buying) on a gut feeling we are right.  So are you (you're still here, right?) and it's too late to sell at the top, too late for pointless hindsight. Now we can only take the pain, sit it out and find out.

If it works out, we will have EARNED the right to feel smug as fuck that we were right all along.

And I think we are right.

I bought Monero from the earliest point it was possible to and just kept going because I believed in it.  I cost averaged down by buying more when it dropped, I traded the hell out of it to get more and in the end it came through beyond my wildest dreams. Bitcoin the same.  

One I thing I have learned is that is keeping cool and sticking to what you know is fundamentally of value is what worked for me and so I have no reason to change that strategy anytime soon.

The next couple of months will be a great buying opportunity for those with the balls to take it.

[milewilda]

I decided that I would sell all my Monero coins and buy Ethereum, it seems to me that it is much more promising and will be able to show much more growth than Monero does. Which coin do you think is stronger? Something I stopped believing in Monero, too many competitors.

ETH and Monero is different but i would say that it is a mistake on letting go all of your XMR.

Fuk, just missed the dump to .0120.
Couldn't put a bid in while I was away.

Same situation.Got stressed thinking up that opportunity due to some reasons.I missed another chance.