[XMR] Monero Speculation

[Hueristic]

Little Monero bucking a pretty strong trend.

I gotta say it has been acting fairly lit up recently.

It actually bothers me to see Romero in the same list as those shitcoins.

[explorer]

Looks like this is a general market drop : stocks, crypto, silver...
This is due to the elections?

USD is rallying.

The election is a known risk.  What is likely contributing to this is continued speculation around covid, and the more immediate political risk threat posed by the Justice Ginsburg situation that happened over the weekend.

That's the only sense I can make of it at least, lol.

I actually think Bitcoin (and by extension, Monjango) are at less risk, than Gold currently.  I would be a little worried about Gold as it is testing it's 50MA.  But whether that means a bear move, or a great dip to buy?  I am as clueless as ever.

(eidt - oh and I am fairly certain the markets heard me bragging on XMR holding up during all this tanking... I had barely hit post when it fell alongside it's peers... *sigh* my bad...)

U think this dip will last long?

nope

[Globb0]

You guys keep mentioning dips. When I log in its always over 08

Stop teasing me.


404 Dip not found

[explorer]

You guys keep mentioning dips. When I log in its always over 08

Stop teasing me.


404 Dip not found

   The last sub 0.008 dip was minutes long.  No time for that shit,  Moving along.

[cAPSLOCK]

Looks like this is a general market drop : stocks, crypto, silver...
This is due to the elections?

USD is rallying.

The election is a known risk.  What is likely contributing to this is continued speculation around covid, and the more immediate political risk threat posed by the Justice Ginsburg situation that happened over the weekend.

That's the only sense I can make of it at least, lol.

I actually think Bitcoin (and by extension, Monjango) are at less risk, than Gold currently.  I would be a little worried about Gold as it is testing it's 50MA.  But whether that means a bear move, or a great dip to buy?  I am as clueless as ever.

(eidt - oh and I am fairly certain the markets heard me bragging on XMR holding up during all this tanking... I had barely hit post when it fell alongside it's peers... *sigh* my bad...)

U think this dip will last long?

No, I really think this is a normal corrective impulse in the middle of a bullish bitcoin trend.  And I think Monero is also Bullish/BTC right now as well, and it doesn't seem to be taking part in the correction as much.  To be honest I would love to know the rationale of the selling pressure.

[cAPSLOCK]

Little Monero bucking a pretty strong trend.

I gotta say it has been acting fairly lit up recently.

It actually bothers me to see Romero in the same list as those shitcoins.

Yeah I often can tolerate most of the list until I see f&c($%@ ripple.  Ripple's existence is a stain on the entire sector.  Luckily neither Monero or Bitcoin care at all.

[Febo]

It would be funny to see if Monero would start its rally now when all coins are in deep reds. I dont believe it will but on other hands it has to do it. There is just to much upward pressure. It can happen in months or weeks or days or hours. Sure is only that it will happen .

[cAPSLOCK]

It would be funny to see if Monero would start its rally now when all coins are in deep reds. I dont believe it will but on other hands it has to do it. There is just to much upward pressure. It can happen in months or weeks or days or hours. Sure is only that it will happen .

It's been a long time since Monero did one of it's old fashioned upward rips that it used to be famous for.

I'd love to think it has gone one in it still

[cAPSLOCK]

Just a few fun observations...

• Currently we are ~2x the number of monero transactions being made than when it was at it's USD ATH in Jan 2018
• That number has steadily grown for four years and shows no signs of dropping yet. https://bitinfocharts.com/comparison/monero-transactions.html
• Hashrate has remained steady near the ATH since the RandomX fork.
• Hashrate has shown no clear signs of hidden ASIC development since that time as well.  https://bitinfocharts.com/comparison/monero-hashrate.html I believe the recent obscene spike can only be explained by a lot of cloud power (AWS, Azure?) temporarily pointed at mining XMR briefly as new ASICS have no incentive to shut off whereas cloud computing has a LARGE incentive to shut off.  It is very curious as to who/why.  This could even be a test run at a server provider using idle CPU to see what could be achieved as a proof of concept, IMO
• Transaction fees remain near historical lows, even as blocksize rises
• Monero continues to have more real world use (Dark Markets) than the vast majority of blockchains

Just some food for thought.

[Hueristic]

Just a few fun observations...

• Currently we are ~2x the number of monero transactions being made than when it was at it's USD ATH in Jan 2018
• That number has steadily grown for four years and shows no signs of dropping yet. https://bitinfocharts.com/comparison/monero-transactions.html
• Hashrate has remained steady near the ATH since the RandomX fork.
• Hashrate has shown no clear signs of hidden ASIC development since that time as well.  https://bitinfocharts.com/comparison/monero-hashrate.html I believe the recent obscene spike can only be explained by a lot of cloud power (AWS, Azure?) temporarily pointed at mining XMR briefly as new ASICS have no incentive to shut off whereas cloud computing has a LARGE incentive to shut off.  It is very curious as to who/why.  This could even be a test run at a server provider using idle CPU to see what could be achieved as a proof of concept, IMO
• Transaction fees remain near historical lows, even as blocksize rises
• Monero continues to have more real world use (Dark Markets) than the vast majority of blockchains

Just some food for thought.

I wonder when there will be a Panama type paper released when we find out the bankers have been using it to hide their transactions?

[phishead]

Just a few fun observations...

• Currently we are ~2x the number of monero transactions being made than when it was at it's USD ATH in Jan 2018
• That number has steadily grown for four years and shows no signs of dropping yet. https://bitinfocharts.com/comparison/monero-transactions.html
• Hashrate has remained steady near the ATH since the RandomX fork.
• Hashrate has shown no clear signs of hidden ASIC development since that time as well.  https://bitinfocharts.com/comparison/monero-hashrate.html I believe the recent obscene spike can only be explained by a lot of cloud power (AWS, Azure?) temporarily pointed at mining XMR briefly as new ASICS have no incentive to shut off whereas cloud computing has a LARGE incentive to shut off.  It is very curious as to who/why.  This could even be a test run at a server provider using idle CPU to see what could be achieved as a proof of concept, IMO
• Transaction fees remain near historical lows, even as blocksize rises
• Monero continues to have more real world use (Dark Markets) than the vast majority of blockchains

Just some food for thought.

I wonder when there will be a Panama type paper released when we find out the bankers have been using it to hide their transactions?

I don’t think the market cap of today represents “Panama Paper” kind of money. I really think Monero is still just as undiscovered as it was in 2018.

It seems most rich people getting into crypto are into scam coins for the ROI and not looking to actually hide their wealth. I think you will see a flood of money come in once they realize how much of a Swiss bank xmr actually is.

[cAPSLOCK]

I have not thought of the word "schwing" in years... ... 'till today.



Daily looks damn good too.  Volume also looks decent.

[Hueristic]

Daily looks damn good too.  Volume also looks decent.

This has been building on low volume, scarcity kicking in?

Monero Holders are strong.

[explorer]

Looking good.  How long to break through 0.0087, or reject again?

edit

well, there's 87 in the bag...  and 90...

[cAPSLOCK]

Dayum.   I had a premature eschwingulation.  Someone market buying nearly 40k of Montango on one exchange...



***EDIT umm I mean 50k***

[explorer]

Dayum.   I had a premature eschwingulation.  Someone market buying nearly 40k of Montango on one exchange...



***EDIT umm I mean 50k***

But Wait!!  There's More!

Hah! you snuck in an edit on me!  

I'm watching 30k on Binance.  where are you watching?

edit

refresh now shows 66k 15 min candle where it was stuck at 29k...

[cAPSLOCK]

Yeah... it was binance.  Bitfinex only showing  ~4k over the same time frame.

I don't really know what the real major Monero exchanges look like now.  In fact I am curious what Bisq's volume looks like.

Monero would make me so proud if it starts one of it's mega rips right after I brought it up.  Looking good so far.

[tokeweed]

It would be funny to see if Monero would start its rally now when all coins are in deep reds. I dont believe it will but on other hands it has to do it. There is just to much upward pressure. It can happen in months or weeks or days or hours. Sure is only that it will happen .

It's been a long time since Monero did one of it's old fashioned upward rips that it used to be famous for.

I'd love to think it has gone one in it still

The last time it really did was the ol' AB to accept XMR insider trading bit.  Pretty sure some people in the know 'from all sides' made bank.  You know who you are. 

And that's the beauty of XMR..  Nobody would know for sure.

[explorer]

It would be funny to see if Monero would start its rally now when all coins are in deep reds. I dont believe it will but on other hands it has to do it. There is just to much upward pressure. It can happen in months or weeks or days or hours. Sure is only that it will happen .

It's been a long time since Monero did one of it's old fashioned upward rips that it used to be famous for.

I'd love to think it has gone one in it still

The last time it really did was the ol' AB to accept XMR insider trading bit.  Pretty sure some people in the know 'from all sides' made bank.  You know who you are. 

And that's the beauty of XMR..  Nobody would know for sure.

Didn't have to be an insider to ride That wave. 

[kurious]

There will indeed be more days in the sun.  2016 and 2017 were spectacular for Monero, with huge appreciation against BTC.

I have no reason to think this cycle will not see more fun and games.  Monero is seen positively as a 'real' coin and also one with as incredibly important case as has been mentioned above.  The fear of authorities intervening to ban it has been real, but the counter argument that in some cases even banks need privacy is starting to mitigate against this.  Besides, any attempt to curtail use will only certify that Monero works and they cannot trace it.  The Lindy effect means the likelihood of this kind of issue is decreasing and the price is reflecting this.

The cycle of the market baked into Bitcoin will likely repeat and coupled with scarcity that means Monero will shine again, it's been woefully underpriced for too long.