[XMR] Monero Speculation

[Hueristic]

I'm amazed the price is so suppressed for so long.

 
Both Monero as well as BTC, I blame the futures market fuckery and institutional fear mongering.

[1713570437]

1713570437

[1713570437]

1713570437

[1713570437]

1713570437

[1713570437]

1713570437

[1713570437]

1713570437

[Febo]

I'm amazed the price is so suppressed for so long.

 
Both Monero as well as BTC, I blame the futures market fuckery and institutional fear mongering.

I am sure rare expected Monero this low a year ago.  I just found this post of mine about Bitcoin. I was most of the year wrong, but at the end was quite close. Now thinking that at that time the price that I was expecting for Monero right now would be at least above $150. 2019 reduced mining emission was the main reason. With everything else that happened in 2018 &2019. From lower fees to general avareness that privacy matters. I guess all that will show up in 2020

[posi]

I speculate we are (almost) at the bottom in both terms of xmr/btc and xmr/usd. It seems fat fingers want it down more and more, but I'm not sure it'll last for long.

Base on the crypto market current stature with the inclusion of the XMR price graph momentum, i don't think the bear market will fade soon but what happen in the market during the early days of January will determine if the bear market will last.

[elrippos friend]

I'm amazed the price is so suppressed for so long.

 
Both Monero as well as BTC, I blame the futures market fuckery and institutional fear mongering.

I am sure rare expected Monero this low a year ago.  I just found this post of mine about Bitcoin. I was most of the year wrong, but at the end was quite close. Now thinking that at that time the price that I was expecting for Monero right now would be at least above $150. 2019 reduced mining emission was the main reason. With everything else that happened in 2018 &2019. From lower fees to general avareness that privacy matters. I guess all that will show up in 2020

My feeling tells me, that we will have the same slope as BTC in 2020, subsequently the growing hasrate is a very good indicator for this 

[phishead]

I'm amazed the price is so suppressed for so long.

 
Both Monero as well as BTC, I blame the futures market fuckery and institutional fear mongering.

I am sure rare expected Monero this low a year ago.  I just found this post of mine about Bitcoin. I was most of the year wrong, but at the end was quite close. Now thinking that at that time the price that I was expecting for Monero right now would be at least above $150. 2019 reduced mining emission was the main reason. With everything else that happened in 2018 &2019. From lower fees to general avareness that privacy matters. I guess all that will show up in 2020

My feeling tells me, that we will have the same slope as BTC in 2020, subsequently the growing hasrate is a very good indicator for this  

Not to mention all the cheap money that is being pumped out by central banks across the world... Just feel like something has got to give in terms of price trending upwards for xmr or btc.

Also for a quick laugh https://www.youtube.com/watch?v=j2AvU2cfXRk

Edit: also for people interested in participating in an art contest for free xmr loaded (0.3 xmr in total) notes, here a link to the contests I have on twitter
https://twitter.com/spesmonerujo/status/1211467788654657536?s=20

[Hueristic]

Not to mention all the cheap money that is being pumped out by central banks across the world... Just feel like something has got to give in terms of price trending upwards for xmr or btc.

Also for a quick laugh https://www.youtube.com/watch?v=j2AvU2cfXRk

Edit: also for people interested in participating in an art contest for free xmr loaded (0.3 xmr in total) notes, here a link to the contests I have on twitter
https://twitter.com/spesmonerujo/status/1211467788654657536?s=20

As long as idiots keep playing these fractional reserve futures that are not settled in actual coins we are going to keep watching market cap get skimmed right off the top.

[Febo]

Monero is the hottest coin of Proof of Keys day, but no one is speculating about it.

[phishead]

Monero is the hottest coin of Proof of Keys day, but no one is speculating about it.

Any more info about it? How is that so exactly?

[Febo]

Monero is the hottest coin of Proof of Keys day, but no one is speculating about it.

Any more info about it? How is that so exactly?

Its price went up while all others were still in red and then they shyly start to follow.

[kurious]

All quiet on the speculation front, chaps?

Things not too shabby right now, Monero is looking healthy...  up around 20% in a week?

[Globb0]

Good on a few different scales, which is nice too.

[tokeweed]

All quiet on the speculation front, chaps?

Things not too shabby right now, Monero is looking healthy...  up around 20% in a week?

Yup I'm loving it but I wouldn't call it 'healthy'...  Not exactly at least.  But you guys know how it goes:  The faster it goes up, the quicker it goes down. 

I wouldn't mind a slow, consistent uptrend for a change.

[phishead]

I wouldn't mind a slow, consistent uptrend for a change.

I don’t think crypto does slow, or consistent.

[Hueristic]

All quiet on the speculation front, chaps?

Things not too shabby right now, Monero is looking healthy...  up around 20% in a week?

Its about time this trend reversed, i'm glad I grabbed some more at the bottom.

Some day I'll figure out my cost average but i am not looking forward to that.

Just hope its all up from here.

Lol yeah right!

[7jaka7]

All quiet on the speculation front, chaps?

Yep. Price is moving sideways so this has some consequences:
- not a lot of general interest for crypto (fewer people on the forum)
- fewer signature campaigns (so no "shitposting")
- those who still follow forum don't know what to talk about, they just keep buying

[Febo]

What is happening now is slow and consistent. Fast is to make a x3 in 2 days. That is still ahead of us. I doubt we will have to wait to 2021 for that.

To look closely. In 4 days Monero gained 10k satoshi against Bitcoin. 20 days ago in a week lost 10k satoshi. This what is happening right now is just a regular day in the office for Monero. Really nothing unusual.

[phishead]

What is happening now is slow and consistent. Fast is to make a x3 in 2 days. That is still ahead of us. I doubt we will have to wait to 2021 for that.

To look closely. In 4 days Monero gained 10k satoshi against Bitcoin. 20 days ago in a week lost 10k satoshi. This what is happening right now is just a regular day in an office for Monero. Really nothing unusual.

Sorry what I meant to say was that "up trends"/bull markets don't do slow and consistent...

Personally I think people are finally starting to realize that the ground has been reached already in btc/xmr price, as well as the crypto-market in general.  This is a very similar feeling of 2015 when things were pessimistic in the crypto-space after the last high of ~$1k BTC; XMR was still going up and down around .001 - .0015, lots of actual scrutiny going on with sketchy project rather than dumb hype (multi-million dollar ICO projects in a night sorta dumb, you know...); etc.

But whenever bull markets come about it's usually all FOMO so therefore, not consistent and quick

[Febo]

Yes. In last week or months I mainly had felling people wait for end of winter for market to turn, but I guess they could be wrong. Apparently if we stay over 0.0075 btc that will be extremely positive.

[BldSwtTrs]

Interesting article from Brian Armstrong. Definitely well worth reading if you enjoy thinking long term:
https://nakamoto.com/crypto-in-the-2020s/

Among his predictions:
Privacy. In addition to scalability, I think we’ll also see privacy integrated into one of the dominant chains in the 2020s. Just like how the internet launched with HTTP, and only later introduced HTTPS as a default on many websites, I believe we’ll eventually see a “privacy coin” or blockchain with built in privacy features get mainstream adoption in the 2020s. It doesn’t make sense in most cases to broadcast every payment you make on a transparent ledger.

[Febo]

Interesting article from Brian Armstrong. Definitely well worth reading if you enjoy thinking long term:
https://nakamoto.com/crypto-in-the-2020s/

Among his predictions:
Privacy. In addition to scalability, I think we’ll also see privacy integrated into one of the dominant chains in the 2020s. Just like how the internet launched with HTTP, and only later introduced HTTPS as a default on many websites, I believe we’ll eventually see a “privacy coin” or blockchain with built in privacy features get mainstream adoption in the 2020s. It doesn’t make sense in most cases to broadcast every payment you make on a transparent ledger.

Yes he is just another guy in the line of guys talking about Monero but not mention Monero. You can hear this from Andreas Antonopoulos in every second talk. You can see this by all those that builds Bitcoin infrastructure and get feedback from the users.  You dont need opaque ledger if you dont use crypto currency. It is really simple and most people dont use it. So they dont see the need for it.

I saw this article today from world economic forum https://www.weforum.org/agenda/2019/01/these-3-technologies-will-permanently-change-the-banking-sector
They clearly state that for users beside security privacy is most important thing, but latter on at what blockchain brings us praise its transparency.  People dont want that!