Globb0
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Merit: 2053
Free spirit
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May 05, 2020, 10:19:37 AM |
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In Monero we trust
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Eplus_Team
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Activity: 42
Merit: 3
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May 05, 2020, 11:53:41 AM |
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What do you guys think about the collateral to other altcoins like dash or ether? When monero is something special why the price of most altcoins move at the same time?
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Globb0
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May 05, 2020, 12:00:46 PM |
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What do you guys think about the collateral to other altcoins like dash or ether? When monero is something special why the price of most altcoins move at the same time?
Inflow outflow from daddy coin (BTC)
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Febo
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Activity: 2730
Merit: 1288
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May 05, 2020, 06:13:14 PM |
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What do you guys think about the collateral to other altcoins like dash or ether? When monero is something special why the price of most altcoins move at the same time?
Price of most altcoins move the same at the same time only until they dont move the same anymore. If more people use a coin i have to reflect to the price. Such event happened in August 2016. Now transactions growth is more steady but at some point price will follow.
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Johnny Mnemonic
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So this year is proving to be rather interesting. We are witnessing the end of the petro dollar and quite possibly the beginnings of a hyperinflation event. Additionally, we are starting to see food shortages in the US, particularly in meat products. This is reflected in reduced availability, increased prices, and buying restrictions that have popped up long after the "COVID-19" measures were implemented back in March. It's also worth mentioning that consumer staples are generally the LAST products to be affected by inflation, which means you're less likely to notice any discrepancies during your weekly grocery store visits. Don't get caught with your pants down, and don't assume this bubbling of the stock market represents any kind of value-add to the economy. Shares are likely increasing only due to the rapidly eroding buying power of fiat.
Because of this, I no longer think it's wise to track Monero prices in USD or other fiat currencies. Moving forward I'm only concerned with its value measured in precious metals or maybe soft commodities like coffee or cotton. We've sat around for the last two years waiting for some action in the crypto space but this year we're in for a hell of a lot more than we bargained for.
My short-to-medium-term prediction is that stocks and precious metals will continue to rise due to the eroding USD and shaky market confidence, respectively. Many investors will continue to remain in cash, but as businesses begin to reopen it will become painfully clear how much the purchasing power of their fed notes has deteriorated. Further, surviving businesses will likely be in considerable debt with lost time to make up for, and will pass on the costs of these obligations to their customers. This will lead to a transition of capital into the precious metals market, with silver seeing the bulk of that movement, perhaps even returning to its historical 1/15th price ratio to that of gold. Savvy investors looking for other opportunities to side-step the inflation will see crypto currencies as the natural "location-independent" alternative to precious metals.
Monero is currently traded at roughly 4X the spot price of silver. I see that ratio doubling to 8X by end of year or sooner. That would put us at around $480 if we see silver hit $60 in the coming months, but again I expect fiat prices to become increasingly meaningless.
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Ikouwais
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Activity: 21
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May 06, 2020, 09:04:27 PM |
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This market is all about Btc and right now it's not showing a true representative of some outstanding technology like Monero. Physical cash between 2 individuals is private and so should digital cash. Monero is what people think Bitcoin is.
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Globb0
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May 06, 2020, 09:47:53 PM |
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Sure some people are not 1 million percent happy with BTC but how will they know to use XMR ?
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Hueristic
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Doomed to see the future and unable to prevent it
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May 06, 2020, 10:25:41 PM |
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Sure some people are not 1 million percent happy with BTC but how will they know to use XMR ?
They can take a hint from all the reports of "an unknown amount of Monero was seized".
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Eplus_Team
Jr. Member
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Activity: 42
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May 07, 2020, 10:17:33 AM |
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What do you guys think about the collateral to other altcoins like dash or ether? When monero is something special why the price of most altcoins move at the same time?
Price of most altcoins move the same at the same time only until they dont move the same anymore. If more people use a coin i have to reflect to the price. Such event happened in August 2016. Now transactions growth is more steady but at some point price will follow. I think we all know transaction growth can be easily faked
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phishead
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May 07, 2020, 10:24:47 AM |
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Damn, that BTC/XMR price is looking tasty.
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elrippos friend
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Activity: 1179
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only hodl what you understand and love!
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May 07, 2020, 03:55:45 PM |
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Who bought the sub 0,0065dip, i am waiting for the sub 0,0060dip to come
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Febo
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May 07, 2020, 04:48:43 PM |
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Some research of darknet vendors from 8 darkmarkets. It still show Bitcoin as most used coin on darkmarkets. And very surprisingly to me also Ethereum at 12%.
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Globb0
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May 07, 2020, 05:00:02 PM |
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Some research of darknet vendors from 8 darkmarkets. It still show Bitcoin as most used coin on darkmarkets. And very surprisingly to me also Ethereum at 12%. Not enough people getting busted, I guess. Silk road type events were a big scare have people forgotten? probably. Wait for the next big takedown they may not be so balshy after that.
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elrippos friend
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Activity: 1179
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only hodl what you understand and love!
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May 07, 2020, 07:42:42 PM |
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Some research of darknet vendors from 8 darkmarkets. It still show Bitcoin as most used coin on darkmarkets. And very surprisingly to me also Ethereum at 12%. BUT Monero is second, so that tells a good story
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Hueristic
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Activity: 3850
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Doomed to see the future and unable to prevent it
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May 07, 2020, 07:55:40 PM |
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I'd like to know how they get those numbers.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Febo
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Activity: 2730
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May 07, 2020, 08:49:52 PM |
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I'd like to know how they get those numbers.
This research https://www.rand.org/pubs/research_reports/RR4418.html581,871 listings across these eight marketplaces. If they picked right marketplaces and how accurate is this is beyond my knowledge. Research was "made" by Zcash most likely to show how little it is used on dark markets. They have plenty of money to waste on such things. But reality is that it is used just the same little as everywhere else.
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Hueristic
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Activity: 3850
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Doomed to see the future and unable to prevent it
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May 07, 2020, 09:30:12 PM |
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I'd like to know how they get those numbers.
This research https://www.rand.org/pubs/research_reports/RR4418.html581,871 listings across these eight marketplaces. If they picked right marketplaces and how accurate is this is beyond my knowledge. Research was "made" by Zcash most likely to show how little it is used on dark markets. They have plenty of money to waste on such things. But reality is that it is used just the same little as everywhere else. Looks like a load of shit wrapped up all in a bowtie to me.thanks for the link. 43Annex A. MethodologyA.1. Overview of approachThis study had two overarching research tasks, as shown in Table A.1. The following sections within this annex provide further information on each task, as well as underlying assumptions and limitations.Table A.1 Overview of approachResearch taskResearch approachTask 1: Identify the nature and scale of Zcash usage on dark web marketsUse the RAND Dark Web Observatory (DWO) to extract the number of markets and vendors accepting Zcash as form of payments. Task 2: Examine other illicit uses of Zcash Conduct literature review and key informant interviews.A.1.1. Task 1: Identify the nature and scale of Zcash usage on dark web marketsTask 1 of this study entailed the primary exploration of which cryptocurrencies are most commonly accepted and used on dark web markets. The main purpose of this task was to gather and assess the available evidence regarding to what extent dark web marketplaces accept Zcash and how this compares to other cryptocurrencies. This was done using the tools of the RAND Dark Web Observatory (DWO). The DWO aggregates listing descriptions into a single text-formatted field, which is often used by vendors to communicate their accepted methods of payment. The research team began by using ‘mentions’ of select cryptocurrencies in these description fields as a proxy for ‘accepted methods of payment’. For these purposes, a mention can be defined as a case-insensitive, whole-word match on the text content. As an example, consider the text ‘Methamphetamine’. While it contains the correct letter sequence, E-T-H, a common abbreviation for the Ethereum cryptocurrency, it is not a whole-word match. On the other hand, the text ‘bitcoin, eth, monero, cc’ is a whole-word and case-insensitive match for ETH. Additionally, the term ‘unique’ was used to describe a single listing with a unique ‘Offer ID’ field, of which there may be multiple observations. This typically occurs after multiple web scraping sessions where the same listing is re-scraped. These kinds of duplicate listings are treated collectively as a single listing and therefore counted only once. This study focused exclusively on a listing’s ‘description’ field. For example, for a listing titled ‘250.000 Fullz records from Hospital’ (presumably a dump of hacked hospital data), the description is shown in Box 3. The relevant cryptocurrency information that matches the search criteria has been highlighted. Note that, although additional cryptocurrency information (e.g. ccbtc, lbc) may be provided by the vendor, this is not detected by this search approach https://www.rand.org/content/dam/rand/pubs/research_reports/RR4400/RR4418/RAND_RR4418.pdf
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Globb0
Legendary
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Activity: 2674
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May 08, 2020, 09:08:11 AM |
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Research is always paid for by somebody. They may try to get the right outcome for that party.
Monero is looking a good buy, bitcoin went over 10k we didn't sink to zero.
A little green shoot?
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tokeweed
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Life, Love and Laughter...
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May 08, 2020, 03:15:49 PM |
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^ I think I used to see you shill some other Cryptonote fork or something. So you finally sold and went all in on zhe Romero? Good decision btw. Seriously.
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R |
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