[XMR] Monero Speculation

[Febo]

Zoomed out number of Monero transactions. This time average daily transaction per quarter. We can see that Monero transactions bull run started at start of 2019, so two years ago. First bull run was from mid 2016 to end of 2017 when also last Bitcoin price bull run ended.

[1714636272]

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[1714636272]

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[1714636272]

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[Globb0]

So is price lagging? or decoupled?

[tokeweed]

For those that dont check Monero reddit. Comit-network group that is one of three groups that works on Monero Bitcoin atomic swaps already have a product on testnet - stagnet. This group did not crowdfund founds with CCS.

https://old.reddit.com/r/Monero/comments/ly62tk/let_there_be_swaps_public_xmrbtc_atomic_swap_demo/

This is a very interesting development.  And now we are getting closer to the chicken egg question of what this does to demand for Montanegro.

If users somehow start to see Montero as a complement to Bitcoin for their blockchain privacy needs, I think demand goes up.  And it’s faster and cheaper.  Who needs offchain layers if atomic swaps does the trick for us to bypass the exchanges and be able to use faster blockchains that serve our needs.  Alts could become like some sort of sidechains.

[Globb0]

Alts could become like some sort of sidechains.

This is what I was thinking after atomic swaps how is it different?

[tokeweed]

^  Not much difference..  the coin you’ll be swapping for will be as secure as that coin’s amount of mining power swapped to. But if you’re just going from BTC to XMR and vice versa most of the time, it’s plenty secure.

I wonder what the liquidity is gonna be like. 

[Globb0]

^  Not much difference..  the coin you’ll be swapping for will be as secure as that coin’s amount of mining power swapped to. But if you’re just going from BTC to XMR and vice versa most of the time, it’s plenty secure.

I wonder what the liquidity is gonna be like. 

Thats a good question.

It might take time to build up marketbooks? or maybe it wont?   lol


Who knows

[macson]

now you guys can use your best privacy coin ^(monero) for traveling....enjoy your life


https://twitter.com/travalacom/status/1370572489185652737

[joroz]

now you guys can use your best privacy coin ^(monero) for traveling....enjoy your life


https://twitter.com/travalacom/status/1370572489185652737

I feel like this is the 3rd time I’ve seen this announced since 2017.

[Febo]

Who remembers the traditional annual March pump?  2015, 2016 and 2017 was pump all the year anyway   Oh and looking at chart it was also 2018.

But the good news is that transactions seems to make another leg up after staying static in January and February. 16 days in a row with 20k+ transactions a day. Very soon this should be a standard.   

[wavessurfing]

Who remembers the traditional annual March pump?  2015, 2016 and 2017 was pump all the year anyway   Oh and looking at chart it was also 2018.

But the good news is that transactions seems to make another leg up after staying static in January and February. 16 days in a row with 20k+ transactions a day. Very soon this should be a standard.   

still the leader.

[LUCKMCFLY]

XMR is a currency that in my opinion is one of those that will always survive despite any event, the reason is simple, privacy and anonymity is something that many in the near future will seek, in addition the history of Monero is another index that is very likely to continue growing.

In most people when they go to observe the chart of any alt they see how the behavior of Bitcoin is, and Monero follows the same direction as Bitcoin, which is quite beneficial, especially for Monero hodlers.


Source: tradingview.com

I think that at any moment Monero will reach the 475USD that it reached in December 2017, it may come and go, apparently Monero is undervalued, it is a very good chance for those who are undecided to buy Monero.

[DonYo]

Normie coins are willing to integrate privacy features on themselves. Once privacy fashion hits the cryptosphere Monero will shine with it's own dark light

[Febo]

Normie coins are willing to integrate privacy features on themselves. Once privacy fashion hits the cryptosphere Monero will shine with it's own dark light

All Central Bank Cryptocurrencies will have opaque ledger. They will for sure vastly advertise why that is way better then Bitcoins transparent ledger. Sadly it might take years for them to be implemented. Definitely for EU. China might be faster.

[cAPSLOCK]

Normie coins are willing to integrate privacy features on themselves. Once privacy fashion hits the cryptosphere Monero will shine with it's own dark light

All Central Bank Cryptocurrencies will have opaque ledger. They will for sure vastly advertise why that is way better then Bitcoins transparent ledger. Sadly it might take years for them to be implemented. Definitely for EU. China might be faster.

SOOOOOOO  many bugs will be exploited in these closed source ledgers.  It will take time, but this will be good for Bitcoin, and Monero for sure.

[Febo]

Four days in March Monero had less than 20k transactions a day. Today is the last chance for it, to end month with 5 such days. Overall for month March number should be around 700k. Usually at the end of the month numbers start decreasing. Hopefully this month will not be such.

Also a good Monero review of a guy that gets over 100k views on youtube. https://www.youtube.com/watch?v=O58STfvxZnY

[Bassica]

Zoomed out number of Monero transactions. This time average daily transaction per quarter. We can see that Monero transactions bull run started at start of 2019, so two years ago. First bull run was from mid 2016 to end of 2017 when also last Bitcoin price bull run ended.

Monero doing so well on so many metrics. Everything is pointing towards greatness, except price. Are people not getting worried?

[phishead]

You know, I have two mediumish margin positions... both long on XMR and BTC in USD.  Honestly I'm starting to feel really comfortable in this position for the long term because of the fact that the xmr/usd & btc/usd relationships are pretty directly inversely related yet bullish in the general trends. 

Feeling good, man

[heraldd]

I was reading https://localmonero.co/knowledge/monero-atomic-swaps?language=en but I still don't understand how price discovery will work with atomic swaps. Can someone explain me? Will the system rely on the price of XMR/BTC on other exchanges?

[Hueristic]

I was reading https://localmonero.co/knowledge/monero-atomic-swaps?language=en but I still don't understand how price discovery will work with atomic swaps. Can someone explain me? Will the system rely on the price of XMR/BTC on other exchanges?

IIRC It should be what the market can bear,

IOW whatever you set your sell price for.

[heraldd]

IIRC It should be what the market can bear,

IOW whatever you set your sell price for.

Thank you, but I am not sure I understand. Do you mean a whole DEX will be built on purpose with its own price discovery mechanism? Would it use an order book or an AMM?