[XMR] Monero Speculation

[elrippos friend]

[...] your epic pac man thing.

Hey take it easy now please


Edit:

https://localmonero.co/blocks/block/2222222
Timestamp 2020-11-03 04:49:13 UTC

I am gentle as a pink pussy cat 

[elrippos friend]

Yup just lost the 0.01 battle for now - BTC popped over $12K.

Looks like this is going to be ugly  

Well, we just lost that unnecessary extra zero again.  I would be very happy if we can hang on over that level for now...  But I will grant you it could go either way.

Bitcoin just took a chunk out of alts and gained in dominance, which is kind of inevitable in this bullish phase - and it's been carnage in altland, but hey, Monero often slingshots up after a BTC run steadies.  Let's see if it can weather this storm.

I don't like it, but my magic chart has low 0.0080's to low -90s until early December.  If it goes below that, it just says 'you have no maps of this area'.  Stupid magic chart anyway.

Well to be honest i expected that for next next week, so i think there will be healing for a weeks time, but as i said. If BTC is gaining dominance above €11k we could revisit low 0,008's -maybe even sub 0,008's in November so i just adjusted my buy orders 

If using of Monero will increase with the pace as it did so far, specially in October until the network upgrade, then I simply dont see so ow numbers to happen.   
In last few days we saw how bad can bugs be in protocol upgrades. Monero ecosystem grow a lot. Even that bug was patched in half day that did not magically update all Monero ecosystem immediately. Some exchanges still dont work. Or at least did not yesterday. Monero had luck to be small and was able to have these updates twice a year. Now is getting bigger and bigger and that will continue maybe even faster now.

The sync bug did not affect nodes that are online continuously, which is standard procedure for basically every service and exchange. Furthermore, the Monero network continued to operate normally. To reiterate, the following nodes got affected:

- A new node that syncs from scratch.
- Existing node that is currently offline and would like to sync soon. 

Furthermore, the bug was fixed swiftly and a new release (that included the fix) was made available within a day.

Additionally, people tend to forget that exchanges and services typically impose a temporary suspension of withdrawals and/or services around a network upgrade as precautionary measure.

I personally feel that people misunderstand the gravity of the recent sync bug and resultantly are making a mountain out of a molehill.

Agreed, i also think that the sstem is working properly and on top of a minor bug there is made hysteria to some extend that i do not get 

So, we already visited the 0,008's before November, so i guess we will see sub 0,008's in the next 10 days, adjust your buy orders 

Just adjusted my buy orders to low 0,007's coming at the end of next week 

[Febo]

Oct 2020   501,273 transactions.  Wow.  Better than 25% up from September, and also from ATH @ May 2020. 

Yup. I hope this time we will not wait half year to improve this record number, but will be breached already next month. Somehow I suspect my wish will come true. Next year we will be chasing 1 million a month. The moment when Bitcoin reach 20k and world media put all reflectors on it, Monero transactions will get additional boost.

[tokeweed]

How long can Monero really stay competitive when there are other coins transacting 20-times faster and with privacy that is just as good if not better?  I speculate that Monero will have to undergo a serious overhaul if it wants to keep up with emerging technologies.  If not, it will drift away and be forgotten.

Yeah?  K...  How about this.  Since you came here challenging XMR..  Convince us which cryptocurrency project is better at what XMR does.  And not just some straight bs shilling with a white paper.  I mean reeeaally convince us.

[phishead]

Holy moly Monroe is on clearance

[explorer]

Holy moly Monroe is on clearance

Maybe sub- 0.008 tonight at this rate.

[elrippos friend]

Holy moly Monroe is on clearance

Maybe sub- 0.008 tonight at this rate.

Jopidopi, as predicted 

[explorer]

Holy moly Monroe is on clearance

Maybe sub- 0.008 tonight at this rate.

Jopidopi, as predicted 

You said next week!  That's OK.  I can't bear to sell MY coins, but I finally did a little margin short a week ago     

Current low -  0.00801

[elrippos friend]

Holy moly Monroe is on clearance

Maybe sub- 0.008 tonight at this rate.

Jopidopi, as predicted 

You said next week!  That's OK.  I can't bear to sell MY coins, but I finally did a little margin short a week ago     

Current low -  0.00801

Yeah, that's what i said, and i believe that 0,0080 is a pretty strong resistance, so let's wait and have a cup of tea 
Nice, how did it turn out 

[explorer]

Holy moly Monroe is on clearance

Maybe sub- 0.008 tonight at this rate.

Jopidopi, as predicted 

You said next week!  That's OK.  I can't bear to sell MY coins, but I finally did a little margin short a week ago     

Current low -  0.00801

Yeah, that's what i said, and i believe that 0,0080 is a pretty strong resistance, so let's wait and have a cup of tea 
Nice, how did it turn out 

First time ever with a green short Too much permabull to short, in general, but  I'm gonna hold this one while I drink my tea     

   Meanwhile,  buy orders lining the halls all the way down from here.  I'm expecting maybe .0074 range, but will gladly buy more, lower.

[explorer]

Holy moly Monroe is on clearance

Maybe sub- 0.008 tonight at this rate.

There it is.  It's still tonight in my corner of the world.

[elrippos friend]

Holy moly Monroe is on clearance

Maybe sub- 0.008 tonight at this rate.

Jopidopi, as predicted  

You said next week!  That's OK.  I can't bear to sell MY coins, but I finally did a little margin short a week ago      

Current low -  0.00801

Yeah, that's what i said, and i believe that 0,0080 is a pretty strong resistance, so let's wait and have a cup of tea  
Nice, how did it turn out  

First time ever with a green short Too much permabull to short, in general, but  I'm gonna hold this one while I drink my tea    

   Meanwhile,  buy orders lining the halls all the way down from here.  I'm expecting maybe .0074 range, but will gladly buy more, lower.

Nice, congrats from my side  
with this freaking pace we will see sub 0,007 by Wednesday and if it gets ugly even high 0,005 by the end of November which should then mark the bottom though  
At the moment speaking if i would buy in presently, i would have gains around 25% with pretty stable XMR/EUR prices so i am a happy fellow right now  

[phishead]

I feel like anything below .01 you’re getting free Monero at that point. Chart guys... where are my chart guys??

[cAPSLOCK]

I feel like anything below .01 you’re getting free Monero at that point. Chart guys... where are my chart guys??

Well I have been following XMR in USD recently.  And it massively overshot the area where I thought it would trade which is north of $115.  Now it has deflated back down to the bottom of that range (and admittedly breached it somewhat).  But I expect it to at least hold here in this 1-teens range for a while.



This is not meant as a predictive chart, that line is really there to show how much we went parabolic there for a while. 

Still, I am not sure what drives Monero...  big players "washing" their BTC?  Dark Markets?  Quiet whales hedging a little?  Inflation bugs?

[vdo]

big players "washing" their BTC? 

That's what I thought few hours ago at the drop. It could well be that some of this unexpected swings up and down are the slow entries and exits of washed BTC and we will have to be used to them for a long time.

[Febo]

It seems Tuman will not be in the congress after all. But 134k votes in a bad district for Republicans is still very good. If you dont know who Tuman is he is the Monero talk guy https://www.youtube.com/c/MoneroTalk/videos
I guess we can wait 4 more years.

[bitebits]

https://xmr.wine/

[explorer]

https://xmr.wine/

That is fantastic!  how long has that been up?

[Globb0]

A breath of life came into the alts today.

They all have a green candle so far for today.

BTC over 15k things are kind of rosey.

[Shrikez]

https://xmr.wine/

That is fantastic!  how long has that been up?

Haha thanks bitebits and explorer! I'm the guy behind this (infinitejest/eyejay on IRC and reddit).

Here's the link to the Reddit post:

https://www.reddit.com/r/Monero/comments/jor8pg/in_your_and_all_the_devs_honor/

Let me know if there are any questions!