[XMR] Monero Speculation

[Hueristic]

For those of you that missed it.



I went to check this hearing and found where he said that.  He basically said, that Bitcoin is for China and Monero for USA.

https://www.youtube.com/watch?v=-q9upPs6-Ms&feature=youtu.be

Powell didn't say anything about Bitcoin or Monero, and I don't think you can extrapolate from his statement any implied support for such coins.
Powell wasn't talking about decentralized, p2p crypto.  He was talking about China's proposed issuance of a state-controlled virtual currency.  Powell thinks a transparent blockchain is in keeping with the way China does things, where the government is up everyone's ass and wants to control your very thoughts.  He doesn't think the U.S. is like that.  But the implication is not that Powell supports a decentralized, censorship-resistant coin like Monero.  I think he probably supports a ledger controlled by a central actor like the Fed or the US government, a ledger with some degree of privacy and fungibility.  But the privacy and fungibility you would get with a FedCoin is probably no better than the privacy and fungibility you have in your bank account today.

That doesn't matter, what matters is that he is making our argument for us and we can always point that out in the future. Its called precedent and he is laying the foundation whether he intended to or not.

[Bassica]

How's fluffy progressing with that law firm for that listing guidance?

[Febo]

For those of you that missed it.



I went to check this hearing and found where he said that.  He basically said, that Bitcoin is for China and Monero for USA.

https://www.youtube.com/watch?v=-q9upPs6-Ms&feature=youtu.be

Powell didn't say anything about Bitcoin or Monero, and I don't think you can extrapolate from his statement any implied support for such coins.
Powell wasn't talking about decentralized, p2p crypto.  He was talking about China's proposed issuance of a state-controlled virtual currency.  Powell thinks a transparent blockchain is in keeping with the way China does things, where the government is up everyone's ass and wants to control your very thoughts.  He doesn't think the U.S. is like that.  But the implication is not that Powell supports a decentralized, censorship-resistant coin like Monero.  I think he probably supports a ledger controlled by a central actor like the Fed or the US government, a ledger with some degree of privacy and fungibility.  But the privacy and fungibility you would get with a FedCoin is probably no better than the privacy and fungibility you have in your bank account today.

He believes that how Monero as it is today is more appropriate for USA then Bitcoin.   Nope he did not mention any cryptocurrency, but he mentioned that transparent ledger coins are inappropriate for the culture/society he lives in.

How's fluffy progressing with that law firm for that listing guidance?

If for so many even FED chairman statements cant stop FUD about how inappropriate are opaque ledger cryptocurrencies then I would not put that much hope in some legal opinion.  

[Febo]

Also for those that did not noticed. 617 days after BTC/XMR death cross was made, the golden cross appears. Now just imagine what lays ahead of us

[tokeweed]

For those of you that missed it.



I went to check this hearing and found where he said that.  He basically said, that Bitcoin is for China and Monero for USA.

https://www.youtube.com/watch?v=-q9upPs6-Ms&feature=youtu.be

Don't know about that...  It sounds more like:  'Yo listen.  I bought a bunch of privacy centric coins.  It's the s**t and I'm gonna shill the s**t out of it (which is good).'.  But subtle.  

[kurious]

Hey, is it only Bitcoin that gets Vegeta memes? Monero just popped over 900,000 sats!

EDIT: And if you calibrate in USD, we're over $90.00 too.

[Globb0]

Broken through that resistance level.

looking great. I miss 3.5 of course so im still not too excited.

[Bitcoinaire]

Retail hasn't entered yet and won't until bitcoin breaks its old ATH and we're just getting started!

[rinus]

Any speculation on how high the price will be within a month from now? I think 150 usd

[kurious]

This is odd, BTC hasn't broken this channel (and doesn't look like it will).

Monero... just did.

I think Bitcoin could dip, but Monero seems to want to push forward on its own, regardless.


Got the right picture this time, nearly posted a car pick as TA...   

[kurious]

Any speculation on how high the price will be within a month from now? I think 150 usd

Depends on Bitcoin.  If BTC breaks above the 2019 high, $150 might not be difficult.  Add a couple of weeks - and in a month and a half the pre-halving 'buy the rumour' spike should be kicking in.  So if not in a month, maybe a little later it's on. Either way, gut feeling is BTC needs to properly break $13,800. If it does, a $150 Monero is likely.

BTC will probably drop after halving date, but will have proved smashing of any bear power. If it has broken the £13,800, then from then on (in theory) we just sit tight and watch the inexorable rise up into the 2021 big new BTC ATH, with Monero popping along for the ride. 

Just my gut feeling, but hey it is a speculation thread...

[jwinterm]

Rumors on tweeter:
https://twitter.com/newton_crypto/status/1227720874448412672?s=19

Edit:
It's not what I thought they were implying:
https://twitter.com/newton_crypto/status/1227955993906012165?s=19

[Globb0]

rising support levels, higher lows

[Bitcoinaire]

Suppose bitcoin peaks with its ATH in 2021, what is monero looking like? I see it easily crossing $1,000.

[Febo]

Suppose bitcoin peaks with its ATH in 2021, what is monero looking like? I see it easily crossing $1,000.

That is only x3 of the last ATH.  Monero 2021/2022 ATH should be closer to $10000 then to $1000.   Hopefully the bottom in 2023 will be above $1000.

[phishead]

That is only x3 of the last ATH.  Monero 2021/2022 ATH should be closer to $10000 then to $1000.   Hopefully the bottom in 2023 will be above $1000.

That just gave me a speculation erection.

[Globb0]

Testing the resistance

[Globb0]

Blasting through the resistance weeeeeeeeeeeee

[tokeweed]

^  Yep...  It's looking really good!  Just a few more notches up and I'll finally break even...  I hope that 'these go to 11.'.  

[Globb0]

Im turning into chart buddy