[XMR] Monero Speculation

[Febo]

The main thing is the believing what is most useful value of blockhain. Until 2016 general belief in crypto was that main value of blockchain is digital money. After that, sentiment changed mostly to asset platforms. It was also way more simple for people to believe in that then to believe in capitulation of central banks. Tomorrow we can get something totally new or we simply return to digital money.

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[Febo]

We are exactly a year after last bottom at $38.  And since price is not that much above, that definitely tells us is good time to buy.

Yearly bottoms: 

2015 $0.22
2016 $0.43
2017 $10
2018 $38
2019 $42


Oh and yesterday daily emission went under 1500 XMR.

[rocku12345]

We are exactly a year after last bottom at $38.  And since price is not that much above, that definitely tells us is good time to buy.

Yearly bottoms: 

2015 $0.22
2016 $0.43
2017 $10
2018 $38
2019 $42


Oh and yesterday daily emission went under 1500 XMR.

So it should be around ~50$ for the bottom of 2020. Nice value for today`s market situation. I hope that halving won`t let crypto falling next year. Idea of anonymous coins will have a great support for the next generation of crypto growth. It is not possible to control everything like our goverments want to do...

[Hueristic]

We are exactly a year after last bottom at $38.  And since price is not that much above, that definitely tells us is good time to buy.

Yearly bottoms: 

2015 $0.22
2016 $0.43
2017 $10
2018 $38
2019 $42


Oh and yesterday daily emission went under 1500 XMR.

Romeros be getting scarce, it shouldn't be long before we see some movement.

*Shakes fist at chart

[phishead]

We are exactly a year after last bottom at $38.  And since price is not that much above, that definitely tells us is good time to buy.

Yearly bottoms: 

2015 $0.22
2016 $0.43
2017 $10
2018 $38
2019 $42


Oh and yesterday daily emission went under 1500 XMR.

Romeros be getting scarce, it shouldn't be long before we see some movement.

*Shakes fist at chart

I just think there is a lot of uncertainty right now in the markets in general right now.  Everyone and their mother can see a recession is coming.

However this isn't entirely a bad thing.  Just keep steadily amassing monero when you have some extra government issued toilet paper to spare

[Hueristic]

We are exactly a year after last bottom at $38.  And since price is not that much above, that definitely tells us is good time to buy.

Yearly bottoms: 

2015 $0.22
2016 $0.43
2017 $10
2018 $38
2019 $42


Oh and yesterday daily emission went under 1500 XMR.

Romeros be getting scarce, it shouldn't be long before we see some movement.

*Shakes fist at chart

I just think there is a lot of uncertainty right now in the markets in general right now.  Everyone and their mother can see a recession is coming.

However this isn't entirely a bad thing.  Just keep steadily amassing monero when you have some extra government issued toilet paper to spare

Yeah they just printed 450 trillion m0ar so where can I get some of that.
I think you need to be a banker to be in that line.

[EuSouBitcoin]

This price action is giving me a headache. I sure could use a little aminorex to ease the pain.

[elrippos friend]

This price action is giving me a headache. I sure could use a little aminorex to ease the pain.

Muuuuaaaahhhhhhaaaaaahhhhhhhaaaaaaaa 
You made my day 

[johnalan]

This price action is giving me a headache. I sure could use a little aminorex to ease the pain.

Yeah it’s disgusting.

I haven’t sold any Monero from when I bought around 7usd to the ATH and back to here.

My eyes are open and I see it’s value - economically, from a utility perspective and from an applied cryptography standpoint.

All that said, I don’t think it’s too likely we will see a return to ATH from here, it’s just such a deafening low. At the same time, I’m not fucking selling, id rather keep them as a souvenir.

[Trela]

This price action is giving me a headache. I sure could use a little aminorex to ease the pain.

Yeah it’s disgusting.

I haven’t sold any Monero from when I bought around 7usd to the ATH and back to here.

My eyes are open and I see it’s value - economically, from a utility perspective and from an applied cryptography standpoint.

All that said, I don’t think it’s too likely we will see a return to ATH from here, it’s just such a deafening low. At the same time, I’m not fucking selling, id rather keep them as a souvenir.

Same here! But I'm holding XMR as a painful memory.

Bought them from $ 30 and sold all when the price of XMR went up to $ 200, but because of my greed, I took back my money and bought XMR at $ 350 and waited for $ 600 to make a profit.

Don't curse me stupid because I'm really a fool.

[Hueristic]

This price action is giving me a headache. I sure could use a little aminorex to ease the pain.

Yeah it’s disgusting.

I haven’t sold any Monero from when I bought around 7usd to the ATH and back to here.

My eyes are open and I see it’s value - economically, from a utility perspective and from an applied cryptography standpoint.

All that said, I don’t think it’s too likely we will see a return to ATH from here, it’s just such a deafening low. At the same time, I’m not fucking selling, id rather keep them as a souvenir.

I'm so under water i don't even want to figure it out but I'm still Cost averaging away most weeks.

[phishead]

This price action is giving me a headache. I sure could use a little aminorex to ease the pain.

Yeah it’s disgusting.

I haven’t sold any Monero from when I bought around 7usd to the ATH and back to here.

My eyes are open and I see it’s value - economically, from a utility perspective and from an applied cryptography standpoint.

All that said, I don’t think it’s too likely we will see a return to ATH from here, it’s just such a deafening low. At the same time, I’m not fucking selling, id rather keep them as a souvenir.

I'm so under water i don't even want to figure it out but I'm still Cost averaging away most weeks.

Take a deep breath, let us not have another alpha bay moment shall we?

[cAPSLOCK]

Monero is really holding it's own better than many alts.

Bottom line... if Bitcoin stays at the front of crypto space Monero will still fill a valuable niche as one of the most cypherpunk projects in the whole space. 

The world still has a LOT of catching up to do when it comes to what BTC (and XMR) offers in terms of freedom and self sovereignty.

Some of you are old enough to remember how long it took to get a GUI.  One of the best parts about XMR not having a GUI was when it finally got one, the protocol, and the chain were old and proven enough to handle the greater usage it began to see.

I think the value not being realized is similar.  The utterly VAST majority of people do not understand why Monero matters.  Now what we need is second layer solutions to grow up enough that we start to see some cross chain interoperability.  When that happens Monero will (in my opinion) begin to show it's value as a chain with trust-able privacy implementation.

I would say that Monero is best used for commerce.  I think in some ways that makes it a bad investment.  However it should also be recognized as a way to privately store wealth.  In that regard it's hard to match.  Not BTC.  Not Grin, or ZCash.  I wish I could dig up a post I wrote years ago.  But it is truly the modern day Swiss Bank account.

People just don't know that yet.

Monero has exactly TWO enimys in my opinion.

1.  Eventually BTC is somehow able to integrate enough privacy to make it unneeded. (I think this is unlikely, but the LN might make the cash side work that way)

2.  Hidden inflation.

#2 is it's Achilles heel.  But even in that regard it would still have value.

[Hueristic]

Take a deep breath, let us not have another alpha bay moment shall we?

Reality is a shitty place to live and it hates me.
^^^I'll have to add that to my quotes.

Some of you are old enough to remember how long it took to get a GUI.  One of the best parts about XMR not having a GUI was when it finally got one, the protocol, and the chain were old and proven enough to handle the greater usage it began to see.

YUP^TM

...#2 is it's Achilles heel.  But even in that regard it would still have value.

You mean the tail emission? Its so small it shouldn't do a a damn thing its just been overblown by fudders as they have nothing else to point at and say "See its not a ponzie scheme so it can't increase in value".

[Febo]

Prototype of Monero made by ECB: https://www.ecb.europa.eu/paym/intro/publications/pdf/ecb.mipinfocus191217.en.pdf?3824c3f26ad2f928ceea370393cce785

It fails at few things, but it dont fails at that they know there cant be any serious money where random 3rd party can snoop on transactions like we can with transparent ledger cryptocurrencies.

[tokeweed]

Take a deep breath, let us not have another alpha bay moment shall we?

Reality is a shitty place to live and it hates me.
^^^I'll have to add that to my quotes.

Some of you are old enough to remember how long it took to get a GUI.  One of the best parts about XMR not having a GUI was when it finally got one, the protocol, and the chain were old and proven enough to handle the greater usage it began to see.

YUP^TM

...#2 is it's Achilles heel.  But even in that regard it would still have value.

You mean the tail emission? Its so small it shouldn't do a a damn thing its just been overblown by fudders as they have nothing else to point at and say "See its not a ponzie scheme so it can't increase in value".

He prolly means 'XMR created out if thin air'.  It's one of the issues why BTC will never adopt CT.

As for the tail emission...  It's fine.  That's like less than a percent of total XMR in circulation...?

[Hueristic]

He prolly means 'XMR created out if thin air'.  It's one of the issues why BTC will never adopt CT.

As for the tail emission...  It's fine.  That's like less than a percent of total XMR in circulation...?

Old wallet counting bug, no coins were EVER created out of thin air and you can always check how many exist.

[cAPSLOCK]

He prolly means 'XMR created out if thin air'.  It's one of the issues why BTC will never adopt CT.

As for the tail emission...  It's fine.  That's like less than a percent of total XMR in circulation...?

Old wallet counting bug, no coins were EVER created out of thin air and you can always check how many exist.

I do not want to belabor this too much, but there is a way to say with cryptographic certainty that Monero has no "extra" coins?

[Hueristic]

He prolly means 'XMR created out if thin air'.  It's one of the issues why BTC will never adopt CT.

As for the tail emission...  It's fine.  That's like less than a percent of total XMR in circulation...?

Old wallet counting bug, no coins were EVER created out of thin air and you can always check how many exist.

I do not want to belabor this too much, but there is a way to say with cryptographic certainty that Monero has no "extra" coins?

You should be able to do it mathematically.

[Globb0]

And anyway ISTR a command like total supply or something, that could report it?