[XMR] Monero Speculation

[kurious]

Loving this recovery, at 007 I think I will treat myself to a glass or two of Barolo.  Not that that's all I hope for of course, but after dipping to the mid-003s, it will feel a lot better.

[Smartprofit]

Monero's price will rise in the future. 

Nassim Taleb recently stated that the ideal cryptocurrency should be anonymous, confidential, and potentially convenient for transactions that cannot be tracked by an outside observer.  Monero has such unique properties. 

The next Monero code update is scheduled for spring.  I think the price of Monero will rise by this time. 

In the future, we will still see Monero at 0.01 BTC. 

Prudent investors who bought Monero during the recent decline in price will receive very good returns in the future.

[Febo]

Prudent investors who bought Monero during the recent decline in price will receive very good returns in the future.

I dont think you had to be prudent. You just should not fall into FUD that Monero will be baned everywhere. When law firms says otherwise, where exchanges says otherwise, where common sense says otherwise. Not only that but simply everything predicted crazy decade for Monero. Only coin with true privacy. Coin with zero problems with SEC regulation. Coin with next 7 years monetary inflation below Bitcoins (Right now Monero is at 1.34% when Bitcoin is at 1.76%).  Coin where number of transactions, so real usage grow 10% a month over more then a year period ( so not a hype or a short term pump). Coin with strong development. Coin with free marketing, since people will start talking about it naturally and free just like they did about Bitcoin.

[smooth]

I dont think you had to be prudent.

More to the point, any solid, long-term viable coin (that isn't a flash in the pan which shows up at the top of the rankings for a short time before fading away) has done well with dollar cost averaging. When the price is low you get more coins. You don't need to be a master of timing.

[Febo]

Dr Kim talk start in a bit more then an hour.
Behavioral Finance, Cryptocurrency Markets
https://www.youtube.com/watch?v=REC5V7d3pqM&feature=youtu.be

[explorer]

This guy says Monero is the most shorted coin
https://twitter.com/monerotrader/status/1359185389899063298
comments?

XMR has been shorted like mad since always.  Not a surprise.  Just wait...

[Dannyboy12]

I have the original Cryptsy Wallet for LitecoinX (2014 Chain) with nearly 5 million coins in it. If you are a developer please contact me, as it seems a bit of a waste for it to be sitting here doing nothing. Maybe we could offer some restitution for the people who owned LitecoinX on the exchange, thousands of transactions are in the wallet which could be used as proof for people who lost coins on Cryptsy. The coins are all currently unconfirmed as we would need someone with the old part of the blockchain to share the original chain to confirm them. Please let me know if anyone is interested in re-developing the original chain so we can help give back to the people who's money Cryptsy stole (I was one of them).

A distribution to the ones who were taken advantage of might just be exactly what we need to regain interest in LitecoinX coin and re-energise people to start a new chapter for this coin. We have the best name, we just need to regain the people who were originally involved so we can all enjoy this resurgence together.

Please PM me if you can help. Thanks

[Febo]

It is good to see a solo leg up today. Hopefully there will be more in the upcoming days weeks and months. It seems we are out from the fear of missing out the Bitcoin gains. Higher the Bitcoin price goes less people believe it can still grow before the long bear market start. When price will be over $100k then fear will start that we are close to ATH and preasure will be in the opposite way as it was in last few months.

[neilol-real-again]

Loving this recovery, at 007 I think I will treat myself to a glass or two of Barolo.  Not that that's all I hope for of course, but after dipping to the mid-003s, it will feel a lot better.

I have a bottle of 2011 waiting for new USD ATH

[elrippos friend]

Loving this recovery, at 007 I think I will treat myself to a glass or two of Barolo.  Not that that's all I hope for of course, but after dipping to the mid-003s, it will feel a lot better.

I have a bottle of 2011 waiting for new USD ATH

I have a 2014 Barolo waiting 

[Globb0]

Nice chart. Bit of a different view of the world than the bitcoin price version.

is that about half way to the ath ?



PS Hi  

[Febo]

is that about half way to the ath ?

That is half way to the old ATH of $450. It is way lees of the ATH, that will happen at end of this or the beginning of next year. Bitcoin reached old ATH 3 montsh ago. Etehreum reached old ATH 3 weeks ago. Even Decred reached old ATH yesterday. Monero, because of all the FUD that was happening in December and January, is so behind and the correction will happen and is already happening.

[kurious]

I have always assumed the dollar ATH was in the bag.

Against BTC it's harder to say - I think the FUD pushed it lower than it would be and we still aren't fully recovered. Yet. 

The BTC ATH would be what .035 ?  Anywhere near that would be awesome.  I might even sell a few of the handful I still have left after the boating accident.

[elrippos friend]

I have always assumed the dollar ATH was in the bag.

Against BTC it's harder to say - I think the FUD pushed it lower than it would be and we still aren't fully recovered. Yet. 

The BTC ATH would be what .035 ?  Anywhere near that would be awesome.  I might even sell a few of the handful I still have left after the boating accident.

Ahm, nope. The BTC ATH would be currently at 0,0088235 

[Febo]

Ahm, nope. The BTC ATH would be currently at 0,0088235 

But Bitcoin is at x2.5 of its ATH so. 0,0088235 x 2.5= 0.022  and we are even,so the battle can start from there.

[iluvbitcoins]

ATH is 0.03382BTC.

[elrippos friend]

Ahm, nope. The BTC ATH would be currently at 0,0088235 

But Bitcoin is at x2.5 of its ATH so. 0,0088235 x 2.5= 0.022  and we are even,so the battle can start from there.

Yeah, you are right, in USD terms this applies 

ATH is 0.03382BTC.

Correct 

[kurious]

Actually on Bitfinex it was 0.0356 - but no matter.

Right now half of either 'ATH' in BTC would be rather nice.

[kurious]

Poloniex has XMR in 'maintenance mode' so no withdrawals or deposits.  Is there an issue generally or is it just them?

Wondered is it's affecting price.

[Hueristic]

Poloniex has XMR in 'maintenance mode' so no withdrawals or deposits.  Is there an issue generally or is it just them?

Wondered is it's affecting price.

Fuck them, they dumped my coins at a low during a fud storm and sent the cash to a different state for me to chase which ive been to lazy to do.