[XMR] Monero Speculation

[elrippos friend]

Art this point I think the salient question is do we punch through the floor?  Or do we make a higher low.

Place your bets.

   I'm betting on a higher low.  If this was a depressing bear market, maybe a dip to a new low.  But now?  Doesn't sit well with me.  I don't lose by betting on a higher low.  If I buy a little too soon, and it spikes down to a new low and back up while I sleep, I'm happy with my purchase.  Anything with 2 leading zeros is cheap coins next year. month.

My prediction stands, but as we saw from the past double zeros are and propably always will accompain Monero in a dip 

[elrippos friend]

Ps.: I am happy that there is some movement in this thread, was dead for years 

[XMR2020]

Art this point I think the salient question is do we punch through the floor?  Or do we make a higher low.

Place your bets.

I am watching that trend line as well. I bet higher low. The selling volume below 0.78 was pretty unimpressive. We landed right back in our 15 month long accumulation range with a higher low. I can't imagine whomever scooped up the coins on this dip is looking to sell here. My guess is that someone used the recent spike as an opportunity exit a low conviction position. We may go lower, but after a year in this zone and the tail emission rapidly approaching, we will run out of low conviction holders eventually.

[tokeweed]

^  All action is at BTC rn.

Andreas Antonopoulos talks about Monero and its strong privacy compared to Bitcoin. First time getting an endorsement from Andreas?

https://twitter.com/monero_tv/status/1324615860439281665

He prolly lost his private keys in a boating accident.  I think a lot of people will after not knowing what to do with their BTC gains.  They'd have to hide earnings from the guvment.

[kurious]

Personally, I don't think Monero will go to the 005s or even low 006s.  If it does, it will be because BTC rips up (or corrects suddenly) and it will be temporary.  Absolute worst case is bouncing off 0.0063 - but I can't see that in all but 10% of scenarios.

I see strengthening support in XMR/BTC around the .007 mark, even what looks like a double bottom. The XMR/USD chart looks healthier still.

We shall see, but the buy side XMR/BTC is strengthening again slightly (from what looked to be the worst ratio in a long time).  I will agree it's early to be saying so, the volume is still low, but I am thinking there is a good chance of this being the local bottom.

Gonna cull a few alts and throw the proceeds in.  Hope I am right

DYOR - I did sell the top a bit, but bought back in far too early.  Props to elrippos friend for a better take on the drop than I had.

[explorer]

Personally, I don't think Monero will go to the 005s or even low 006s.  If it does, it will be because BTC rips up (or corrects suddenly) and it will be temporary.  Absolute worst case is bouncing off 0.0063 - but I can't see that in all but 10% of scenarios.

I see strengthening support in XMR/BTC around the .007 mark, even what looks like a double bottom. The XMR/USD chart looks healthier still.

We shall see, but the buy side XMR/BTC is strengthening again slightly (from what looked to be the worst ratio in a long time).  I will agree it's early to be saying so, the volume is still low, but I am thinking there is a good chance of this being the local bottom.

Gonna cull a few alts and throw the proceeds in.  Hope I am right

DYOR - I did sell the top a bit, but bought back in far too early.  Props to elrippos friend for a better take on the drop than I had.

Support has been very strong.  I've been waiting for that btc-rocket fuelled spike down, but instead we gain strength.  I don't know.  A few more days and that may be it.

I've been watching this develop:
(lines roughly transferred from a different chart for ease of sharing)




ZOOM:

[Hueristic]

DYOR - I did sell the top a bit, but bought back in far too early.  Props to elrippos friend for a better take on the drop than I had.

Well to be fair he said to buy back somewhere in December so we shall see.


I just can't take the chance of getting boned like alphabay again, so no selling any tops for me.

[explorer]

Personally, I don't think Monero will go to the 005s or even low 006s.  If it does, it will be because BTC rips up (or corrects suddenly) and it will be temporary.  Absolute worst case is bouncing off 0.0063 - but I can't see that in all but 10% of scenarios.

I see strengthening support in XMR/BTC around the .007 mark, even what looks like a double bottom. The XMR/USD chart looks healthier still.

We shall see, but the buy side XMR/BTC is strengthening again slightly (from what looked to be the worst ratio in a long time).  I will agree it's early to be saying so, the volume is still low, but I am thinking there is a good chance of this being the local bottom.

Gonna cull a few alts and throw the proceeds in.  Hope I am right

DYOR - I did sell the top a bit, but bought back in far too early.  Props to elrippos friend for a better take on the drop than I had.

Support has been very strong.  I've been waiting for that btc-rocket fuelled spike down, but instead we gain strength.  I don't know.  A few more days and that may be it.

I've been watching this develop:
(lines roughly transferred from a different chart for ease of sharing)




ZOOM:

New low in the 0067's, and peeked through the trend line.  Watching...


Announcing last stop in the 6300 block.  Please be prepared to exit the short bus, and make your way to the long bus.  Don't forget your helmets!

[elrippos friend]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

[johnalan]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

[explorer]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops  

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

The tried and true way.  By going on a bigger run.

[phishead]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

The tried and true way.  By going on a bigger run.

Not necessarily...

I like to think of this as the sling shot method. BTC rallies, all alts pull back, BTC stagnates for a month or two, alts rally in the meantime. That seems a little more tried and true

[explorer]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

The tried and true way.  By going on a bigger run.

Not necessarily...

I like to think of this as the sling shot method. BTC rallies, all alts pull back, BTC stagnates for a month or two, alts rally in the meantime. That seems a little more tried and true

Monero doesn't follow the alts very well.  It does slingshot rather well though 

[Entei]

I was reading the previous comments and many are right and in this case we can know that Monero has its own path of appreciation despite following the appreciation of Bitcoin where the entire market follows this line. We can say that one day there will be a market crash in relation to the separation of each altcoin we can say that Monero is in great condition to move on alone.

[kurious]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops  

You may be right, Monero used to have December lows, then a spring renaissance.  With Bitcoin ripping away it is hard to predict anything, other than there will of course be another run up.   I am sure we will see the USD ATH smashed once again in this cycle.  

Let's see what pans out, you have been right so far.  I did sell a chunk in 2017 - but I have only sold to scalp back more coins since it all cooled down in 2018, I am now happy to wait until the rally to come.

[Smartprofit]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

Currently, all investors' attention is directed towards bitcoin. 

As a result of the fall update of the Monero code, the price of the coin has risen above 0.01 BTC. 

That being said, the XMR price is currently 0.068 BTC ($ 122).  Monero hashrate is 1595 MH / S and this figure is growing. 

The next code update will be in the spring of 2021.  Also in the spring of 2021 (with a high degree of probability) the launch of the main network of the Tari digital asset platform will take place. 

https://www.tari.com/

Bitcoin price will be above $ 20,000.  Investors will be looking for similar but undervalued cryptocurrencies.  In my opinion, in 2021 the price of Monero could exceed 0.02 BTC.

[elrippos friend]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops  

You may be right, Monero used to have December lows, then a spring renaissance.  With Bitcoin ripping away it is hard to predict anything, other than there will of course be another run up.   I am sure we will see the USD ATH smashed once again in this cycle.  

Let's see what pans out, you have been right so far.  I did sell a chunk in 2017 - but I have only sold to scalp back more coins since it all cooled down in 2018, I am now happy to wait until the rally to come.

I hope i am right, i would be happy to see low 0,006 but i always also would not mind to buy back at the actual price  

[elrippos friend]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

Currently, all investors' attention is directed towards bitcoin. 

As a result of the fall update of the Monero code, the price of the coin has risen above 0.01 BTC. 

That being said, the XMR price is currently 0.068 BTC ($ 122).  Monero hashrate is 1595 MH / S and this figure is growing. 

The next code update will be in the spring of 2021.  Also in the spring of 2021 (with a high degree of probability) the launch of the main network of the Tari digital asset platform will take place. 

https://www.tari.com/

Bitcoin price will be above $ 20,000.  Investors will be looking for similar but undervalued cryptocurrencies.  In my opinion, in 2021 the price of Monero could exceed 0.02 BTC.

The price of Monero will exceed 0,02 by far, everything else doesn´t fit Moneros character 

[cAPSLOCK]

We have roughly 2 weeks for levelling out the bottom, so let´s see how it develops 

I know you’re bullish.

But at 0.0068, if BTC goes on a run, how can we ever expect to get back to 0.015-0.02?

Currently, all investors' attention is directed towards bitcoin. 

As a result of the fall update of the Monero code, the price of the coin has risen above 0.01 BTC. 

That being said, the XMR price is currently 0.068 BTC ($ 122).  Monero hashrate is 1595 MH / S and this figure is growing. 

The next code update will be in the spring of 2021.  Also in the spring of 2021 (with a high degree of probability) the launch of the main network of the Tari digital asset platform will take place. 

https://www.tari.com/

Bitcoin price will be above $ 20,000.  Investors will be looking for similar but undervalued cryptocurrencies.  In my opinion, in 2021 the price of Monero could exceed 0.02 BTC.

I would LOVE for someone to explain to me why I should be excited about Tari.  Another "digital assets platform"?  Meh.  It sounds like ICOs and DeFi on Monero to me.

I originally thought Tari would be a lightning like layer 2.  Maybe it is also that?  I don't know.

I feel like I have fairly decent feelers and seers when it comes to future value... it's why I got into XMR in the first place. 

I'm just not feeling/seeing Tari.  Would some generous soul explain it to me?  Or tell me where I can read about what it is that does NOT sound like the marketing blurb on the website?  I feel like it's putting the fluff in fluffy.

[kurious]

^merited for 'putting the fluff in fluffy'