[XMR] Monero Speculation

[Hueristic]

Staying positive, glad not to be stuck on a 6 number after a painful while

Hey Globb0 - price is looking much better.  Monero is most definitely alive and kicking and nicely appreciating against Bitcoin as well as legacy currencies, while LTC (for instance) is looking rather sickly in comparison.

Sweet.  

Shh don't scare it.

[Globb0]

Was really nice day we held firm nicely.




If we start slipping back too far and btc rising ill flip another btc worth for now

[Hueristic]

Its all fun and games until your Dog testifies against you.


https://mashable.com/video/bunny-talking-dog/

[cAPSLOCK]

Not to be a downer... but king daddy kong is taking his belt to the alts.

As usual Monero seems to have the better end than *most* alts (aside from BSV and ZEC which makes me almost want to set fire to shit).

We have a LOT of support around .07.  Even if it drops below it tends to pull back fairly quickly.

Would be nice to see XMR recover well along with the few other "blue chip" alts.

[infofront]

Coinbase CEO wants to list Monero, but regulators prevent it 

[Hueristic]

Coinbase CEO wants to list Monero, but regulators prevent it 

They didn't prevent it, he was a pussy and didn't list it for purely boot licking reasons.

[cAPSLOCK]

Coinbase CEO wants to list Monero, but regulators prevent it 

I quite enjoyed the interview.

To be honest I believe the guy.  Maybe I am just a fool.  But I think he honestly answered the questions in the interview.  I do not think he is as anti-BTC as he comes off.  And I kind of understand where he is coming from when it comes to some of his decisions.

I really HOPE they were blindsided by the Hacking Team thing.  It's hard to imagine they would have done such an extreme about face had they not just done such a terrible job of due diligence.

But I also think he comes off as naive in many ways.  Still you don't build a business like that one entirely by accident.

never been a customer.  Never would be.  Have never suggested them.  With Cash App on ther scene there is no reason for them to exist anymore, frankly.  All they have is first mover advantage.

Very pleased that McCormack pointed out the ZCash is a lie including the recent de-anonymizing that happened, and that Monero is the king of it's realm.  Armstrong seemed to recognize Monero is the best, and that's why they don't list it, but that they want to.

I dunno... maybe he is just a boot licking anti-BTC statist.

[Johnny Mnemonic]

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.

And here we go. As I said previously, don't be distracted by crypto prices measured in USD. Fiat is meaningless at this point. For example, take a look at the current silver chart:



Do you think everything is really going "up" or is something else happening? BTC is "rising" in lockstep with precious metals... XMR is lagging a bit behind, but we know how that story goes by now. So far we haven't seen drastic price increases for general goods, but I don't imagine things will stay that way for long. In the end, I'll continue to measure XMR's value in terms of the things I'd wish to exchange it for.

One more thing. There is currently a coin "shortage" in the US which is conveniently pushing businesses away from accepting cash. This sudden disappearance of cash leads me to believe we are headed towards a bail-in or some similar form of wealth trap that would otherwise result in a bank run. Our emergency exits are quietly being eliminated, and I would be very concerned about any funds resting in a checking/savings/brokerage account.

[Hueristic]

I dunno... maybe he is just a boot licking anti-BTC statist.

I am of the opinion he has no problem reaping the profits from the scene but is unwilling to do anything for the scene unless it puts profits into his pocket without risk, that makes him a piece of shit in my book.

[cAPSLOCK]

I dunno... maybe he is just a boot licking anti-BTC statist.

I am of the opinion he has no problem reaping the profits from the scene but is unwilling to do anything for the scene unless it puts profits into his pocket without risk, that makes him a piece of shit in my book.

Yeah.  I can see that.

[Hueristic]

I dunno... maybe he is just a boot licking anti-BTC statist.

I am of the opinion he has no problem reaping the profits from the scene but is unwilling to do anything for the scene unless it puts profits into his pocket without risk, that makes him a piece of shit in my book.

Yeah.  I can see that.

I wasn't sure if I was making that clear. ;P


Coinbase also sold goldmann ballsacks my personal info without my permission when they held polo and Ballsacks tried to strong arm me with that info.

[cAPSLOCK]

As I expected, Monero look less of a trouncing, and made a somewhat better recovery in light of big daddy's rise.

Now we wait to see where BTC goes next.  Kinda looking like we might just be getting started.

If BTC continues to climb, I expect we see the same sorts of action.  It will suck the blood out of alts.  And the junkier they are (in general..) the more they will suffer.

To me, that means XMR holds it's BTC price better than other alts overall.

Of course we want to see it gain against BTC.  It's one of the few that SHOULD.  We just need people to start realizing that.

[cAPSLOCK]

This really does kinda look good to me:

[Hueristic]

Just rewatched this.

https://www.youtube.com/watch?v=8quGD9W7B2I&feature=youtu.be&t=3125

[Febo]

When Etehreum fees goes over $1 with no solution to get them lower and when Bitcoin mempool is getting full again, then you stumble on reddit on a Monero transaction with a 0.15 cent fee. And then you remember why you love Monero.




Oh and with next upgrade because of CLSAG fees will go down 20%.

[kurious]

Well in the Real Bitcoin Dominance Index, they leave out ICOs, centralised coins, tokens, stable coins etc.

It decides there are only a dozen real POW coins worth counting...

https://www.forbes.com/sites/billybambrough/2020/07/30/as-the-bitcoin-price-soars-bitcoins-real-crypto-market-dominance-is-revealed/

Link was posted in WO, but I think it's worth re-posting here.

[Jason.W]

Well, is it time to sell? Has Monero ever had an economic backbone despite reallytrulyactuallyneedingonethistimearound or what?

As you're watching all the things around you get .. more expensive as your fiat currency's being deliberately hobbled, castrated and lobotomized in the face of a response that's meanwhile resulted in a global mental and economic breakdown longside a lockdown .. do you think little ol' Monero's gonna hole her lil' cheeks together this time around?

Me I'm gonna hold, but not for anything to do with an answer to these questions. Gonna hold and buy it all the way down. I think the fiat value might go up or stay the same, but the value that matters, i think is going to go down and kiss that floor for a minute. Good news .. kinda .. is it looks like that floor will be above the 0.003x i'd claimed last year.

[Hueristic]

Well, is it time to sell? Has Monero ever had an economic backbone despite reallytrulyactuallyneedingonethistimearound or what?

As you're watching all the things around you get .. more expensive as your fiat currency's being deliberately hobbled, castrated and lobotomized in the face of a response that's meanwhile resulted in a global mental and economic breakdown longside a lockdown .. do you think little ol' Monero's gonna hole her lil' cheeks together this time around?

Me I'm gonna hold, but not for anything to do with an answer to these questions. Gonna hold and buy it all the way down. I think the fiat value might go up or stay the same, but the value that matters, i think is going to go down and kiss that floor for a minute. Good news .. kinda .. is it looks like that floor will be above the 0.003x i'd claimed last year.

I was going to sell some yesterday to ride btc up and then rebuy but after watching the volume on that downward pressure I changed my mind.

[Globb0]

Well honestly worse case is we flip to BTC that wouldn't be so bad.

But I feel the undercurrents, I have seen a much higher Monero.

It is and still has always been coin number 2 for people that know.


Just had a bit of a beating in recent years. And in the end has shone through so all the chaff can now be left behind.

Im not in a rush to exit Monero

[phishead]

Well honestly worse case is we flip to BTC that wouldn't be so bad.

But I feel the undercurrents, I have seen a much higher Monero.

It is and still has always been coin number 2 for people that know.


Just had a bit of a beating in recent years. And in the end has shone through so all the chaff can now be left behind.

Im not in a rush to exit Monero

How I always justify my heavy Monero bags compared to BTC...

Do you honestly believe Monero is worth less than 1% of Bitcoin?

There is no possible way due to Monero actually being used by people as a fungible/secure currency.

All this defi shit is nice in a perfect world... sort of reminds me of the “blockchain” hype corporations were jerking off over in 2016-2017. It’s a buzz word... where as xmr actually has proven its use case time and time again.