[XMR] Monero Speculation

[Hueristic]

Thanks for the dip guys.

• 2020-08-07 15:51:29   XMR/BTC   Limit   
  Buy
     0.007730   0.007730   10.571   10.571   0.081714 BTC   _   
  Filled
     
  2020-08-07 15:51:09   XMR/BTC   Limit   
  Buy
     0.007731   0.007731   10.570   10.570   0.081717 BTC   _   
  Filled
     
  2020-08-07 15:50:06   XMR/BTC   Limit   
  Buy
     0.007766   0.007766   9.454   9.454   0.073420 BTC   _   
  Filled
     
  2020-08-07 15:49:44   XMR/BTC   Limit   
  Buy
     0.007808   0.007808   6.970   6.970   0.054422 BTC   _   
  Filled
     
  2020-08-07 15:49:24   XMR/BTC   Limit   
  Buy
     0.007821   0.007821   3.510   3.510   0.027452 BTC   _   
  Filled
     
  2020-08-07 15:48:45   XMR/BTC   Limit   
  Buy
     0.007872   0.007872   4.630   4.630   0.036448 BTC   _   
  Filled
     

[1714600128]

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[Hueristic]

SHIT, My heart jumped for a second when I looked in on binance and saw new notifications and saw a long list of these

Withdrawal Successful 4M
You have successfully withdrawn 10 XMR at 2020-0...
If this activity is not your own, please contact us immediately.

Withdrawal Successful 4M
You have successfully withdrawn 10 XMR at 2020-0...
If this activity is not your own, please contact us immediately.

Withdrawal Successful 4M
You have successfully withdrawn 10 XMR at 2020-0...
If this activity is not your own, please contact us immediately.

Withdrawal Successful 4M
You have successfully withdrawn 10 XMR at 2020-0...
If this activity is not your own, please contact us immediately.

Withdrawal Successful 4M
You have successfully withdrawn 10 XMR at 2020-0...
If this activity is not your own, please contact us immediately.

Withdrawal Successful 4M
You have successfully withdrawn 10 XMR at 2020-0...
If this activity is not your own, please contact us immediately.

Withdrawal Successful 4M
You have successfully withdrawn 10 XMR at 2020-0...
If this activity is not your own, please contact us immediately.

I thought the 4M was 4 Minutes at first!

It took my mind a few seconds to remember it was about 4 months ago I removed a ton and put it in cold storage.

I think I'm going to email them as tell them to change that notification, I almost instituted a lock down on my accounts.

[tokeweed]

How high do u guys think the price will  go before end of year ? I guess 120 usd

Ah... I will bite.

Well we're pushing towards the $100 mark now - and given Monero seems to be rising against Bitcoin little by little, looks like we're along for the ride.

Price in USD? (notwithstanding Bitebits comment about that pile of filthy fiat) well, if we end this year over $100, which looks likely and even conservative at this point in time... hmm.

Bitcoin is hoping for 10x (or more) so I think four figures for XMR is not a crazy thought.   I think EOY 2021 will be special - even if Monero just stays at the same rate against BTC, a thousand bucks is possible.

And don't forget, in this four year cycle world... Monero IIRC went up by 2,600% four years ago.  And in January 2018 in USD terms it was at over $500.

I suggest it might be wise to ignore Ricardo's advice between now and the end of 2021.

Little note:
I credited Bitebits above, but I should also give a shout to cAPSLOCK for his fine posts both here and on the WO of late.  

Just wondering...  What was Fluffy's advice and why should we avoid it?  He telling everybody to stay away?  He could be wanting all the coins for himself to make up for the boating accident. 

[cAPSLOCK]

How high do u guys think the price will  go before end of year ? I guess 120 usd

Ah... I will bite.

Well we're pushing towards the $100 mark now - and given Monero seems to be rising against Bitcoin little by little, looks like we're along for the ride.

Price in USD? (notwithstanding Bitebits comment about that pile of filthy fiat) well, if we end this year over $100, which looks likely and even conservative at this point in time... hmm.

Bitcoin is hoping for 10x (or more) so I think four figures for XMR is not a crazy thought.   I think EOY 2021 will be special - even if Monero just stays at the same rate against BTC, a thousand bucks is possible.

And don't forget, in this four year cycle world... Monero IIRC went up by 2,600% four years ago.  And in January 2018 in USD terms it was at over $500.

I suggest it might be wise to ignore Ricardo's advice between now and the end of 2021.

Little note:
I credited Bitebits above, but I should also give a shout to cAPSLOCK for his fine posts both here and on the WO of late. 

Just wondering...  What was Fluffy's advice and why should we avoid it?  He telling everybody to stay away?  He could be wanting all the coins for himself to make up for the boating accident. 

He used to say something along the lines of "Don't hold Monero, use it".

He was basically trying to deny the number go up appeal of crypto investment, and argue that the main focus of Monero is it's usability, not it's potential for Lambos.  This was during the whole ICO surge and I think in some ways he was tying to differentiate XMR from all the thousands of projects who's seeming point was to enrich the developers/scammers.

I remember he was criticized for this position being a sort of reverse psychology play by some twitter personality who I think is a pretty big jerk.  But the point is certainly reasonable in a way.  And so is the saying. 

Frankly there are attributes of Monero that make it arguably a less optimal value store than bitcoin.  Two examples that comes instantly to mind are the lack of a hard issuance cap. And the trade offs to audibility created by an opaque blockchain (https://web.getmonero.org/2020/01/17/auditability.html).

Thus the concept of not using Monero as an investment, but rather using it as private money is pretty strong. While on the other side many of us here still see the speculative future for Monero as fairly bright.

[Hueristic]

He used to say something along the lines of "Don't hold Monero, use it".

He was basically trying to deny the number go up appeal of crypto investment, and argue that the main focus of Monero is it's usability, not it's potential for Lambos.  This was during the whole ICO surge and I think in some ways he was tying to differentiate XMR from all the thousands of projects who's seeming point was to enrich the developers/scammers.

I remember he was criticized for this position being a sort of reverse psychology play by some twitter personality who I think is a pretty big jerk.  But the point is certainly reasonable in a way.  And so is the saying.  

IIRC he really started with that when there was an agenda push to cut the emission schedule by half because some of the original investors felt they we not profiting fast enough.

Fueled by Risto.

[cAPSLOCK]

He used to say something along the lines of "Don't hold Monero, use it".

He was basically trying to deny the number go up appeal of crypto investment, and argue that the main focus of Monero is it's usability, not it's potential for Lambos.  This was during the whole ICO surge and I think in some ways he was tying to differentiate XMR from all the thousands of projects who's seeming point was to enrich the developers/scammers.

I remember he was criticized for this position being a sort of reverse psychology play by some twitter personality who I think is a pretty big jerk.  But the point is certainly reasonable in a way.  And so is the saying.  

IIRC he really started with that when there was an agenda push to cut the emission by half because some of the original investors felt they we not profiting fast enough.

Fueled by Risto.

Ah... interesting.  I don't remember that particular drama, even though I was here for it.

Oh, Risto.  What an odd duck.  Both a visionary and a skeezball scammer.

[phishead]

I ‘member...

“Don’t buy monero, use it” was said before this time period I’m thinking of, but Ric got a lot of flack from people who hated his “pre announcement” of something “huge” for monero, and he went on stage and trolled a bunch of people who bought the hype and released the Monero Enterprise Alliance announcement video.

Honestly that was when I was officially hooked. Fuck those ICO/masternode fucks in suits trying to cozy up to bankers. Use Monero.

[Globb0]

Retest of up is looking good.

I dont mind a little dip though. I am unhappy with my 068 Bitcoin

[cAPSLOCK]

I ‘member...

“Don’t buy monero, use it” was said before this time period I’m thinking of, but Ric got a lot of flack from people who hated his “pre announcement” of something “huge” for monero, and he went on stage and trolled a bunch of people who bought the hype and released the Monero Enterprise Alliance announcement video.

Honestly that was when I was officially hooked. Fuck those ICO/masternode fucks in suits trying to cozy up to bankers. Use Monero.

I DO remember that one... lol.

I was a STRONG dissenter about that whole announcement of announcements charade.  I COMPLETELY supported his point, and I know hes a pretty good troll, but that whole thing cost people MONEY.  Not me... I did no buying and selling in relation to that.  And if you were in on the joke, you could use it to make money from the rubes who bought the rumor.  But yeah... it was a bit past the line of appropriate in my humble opinion. 

[Febo]

IIRC he really started with that when there was an agenda push to cut the emission by half because some of the original investors felt they we not profiting fast enough.

Not the emissioned coins but how fast they would be emitted. So 18 million XMR and tail emission would not be be started in 2022 but 8 years latter. Very soon was decided that changing emission schedule would be unfair. And should be only done before first coin was mined.

[Hueristic]

IIRC he really started with that when there was an agenda push to cut the emission by half because some of the original investors felt they we not profiting fast enough.

Not the emissioned coins but how fast they would be emitted. So 18 million XMR and tail emission would not be be started in 2022 but 8 years latter. Very soon was decided that changing emission schedule would be unfair. And should be only done before first coin was mined.

thanks, I left out the word schedule. Doh

fixed.

[Globb0]

I think 008 is looming.

Look at the dollar chart, holding well and waiting to see what to do.

[cAPSLOCK]

Monero still acting like it acts... kind of mellow compared to the rest of the class.  I agree with the above and would like to see a new floor put in at .08 and see .07 in the rear view.

[kurious]

Just popped over the eight. 

I am hoping Monero is not so drunk that it will be unable to enjoy the view without falling back down.

[cAPSLOCK]

From my observation this entire crypto pullback has been a healthy retrace in an immature bullrun.  If Bitcoin can start back up I think we see key alts follow.  That means ETH and LINK and maybe LTC move quickly, and XMR grinds up slowly.

That is NOT an endorsement of ETH and LINK which I think are both lost causes in the end.  And Link may be at the top too.  That barstool guy buying it felt pretty toppy. And LTC is still interesting because of it's development.

But XMR does not tend to be as volatile as it's peers.

Until it is.

[Febo]

Finally USD ATY! Took Monero long to recover from covid-19 and reach new all year high after previous in 15th February.  
I also noticed number of transaction started to grow again after 2 months of pause. Maybe summer was the reason for pause. Last growing month was May then June had small decline and July had the same number as June had. Transactions are all that matters. All the rest will come with more transactions.

[kurious]

Well, it's looking perky right now.   This seems a significant move.   When it popped back down briefly into the 7s I though 'ah well..'

But it snapped back up hard.  Let's see how this plays out.

[Febo]

In two days time will be exactly 4 years from the famous Alphabay announcement.   That is what we need now x10 in BTC so 0.08  

[NeuroticFish]

In two days time will be exactly 4 years from the famous Alphabay announcement.   That is what we need now x10 in BTC so 0.08  

Wishful thinking is not good for business / trading (so I hope/guess that you are HODLer).
The 3.75% growth is far from 10x. I hope it'll hold and grow more. I don't dare to hope for 10x, not yet.

[Hueristic]

Well about time.