[XMR] Monero Speculation

[mindrust]

Target price: $10k. Not selling a mo till it hits it.  

Seeing that doge is about to dethrone BTC the world went full retard apparently and $10k/Mo does not look that far away now. Hodl friends. Good days are ahead.

(inner voice: it is about to crash hard)

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[kurious]

I think cAPSLOCK mentioned a possible giant cup and was hoping for the handle to appear.   If it was you sir, well spotted - it seems to have come off just as predicted (or hoped for).

When Monero decides to awaken, it does it rather wonderfully...  Barolo time indeed.

[cAPSLOCK]

Even a blind squirrel finds a nut now and then kurious.  And the handle was a little on the quick side.. but it did seem to happen.

I would like to point out that this is the BTCXMR chart too.  We have taken a fine beating on that pair, and who knows?  I think BTC has been consolodating for the next (big) leg for a while, and that COULD throw the alts a little rough waters.

On the other hand I think Doge is leading the way (wen Wownero moon? lol such invisidawg) for alts and as Bitcoin heats up and becomes the plaything for institutions and nation states, the alt world is likely to heat up even if the reason is irrational.  Joe Public is still believing the "next bitcoin" narrative.  And it has become expensive to transact in BTC. And even though Doge pumping is bad for crypto in general (because it is BOUND to crash back down I think and it makes the whole thing look like the loony casino much of it is) there are an actual handfull of alts that WILL find their place, and I do not need to explain why Monero is near (at?) the top of that list.

The sector often gets compared to the doc com bubble, and that is PARTLY true.  But the maxis have a good argument that Bitcoin is not a sector, and "there can only be one".  I think they are partly right.  There will not be a "basket" of crypto assets in the end.  I think the development is going to happen on Liquid, and sidechains like it.  And it will overshadow everything the current alts was trying to do.

But (broken record cAPS here).  Bitcoin will never have a fungible base layer.  That tradeoff will never happen.

So...



So now what happens?  That is the fun question!!!

Well... and not to be a bucket of cold water, but the RSI is way overheated on pretty much ALL the long term time frames (6hr - 3d) with only the weekly (and up) having some room to run.

This is the 12h chart.  I think it's not impossible to see more UP, but i think a correction from here is more likley...  and we could even see a neeto C&H here if it does something like this:



I think my biggest question is what is driving this rally?  We are seeing some fairly good volume on this run, and it is counter, or ahead of almost all other alts.

It feels like there is some fairly big buying going on...  I do not assume a big sale went on at WHM?  It is hard to see what REAL volume is doing with all the goofy wash trading at the shady casinos exchanges.

Who is buying?

[johnalan]

https://twitter.com/CryptoKaleo/status/1390364888049008646

260k followers twitter account is saying only way further is vertical. Such vertical breakout would probably push price way over $1000. Wonder how long we will have to wait to see it.

   I don't see why 8-12k is out of the question this cycle.  I shouldn't be disappointed if we stall at $2500-4k, but I might be. A bit.  $1000 is going to arrive in a flash, and disappear in the rearview as fast.  Where is johnallen to tell us $700 will be the top 

I love Monero! I’ve held a long time.

I hope it goes to 20k.


Just this cycle I’m expecting around 700-1000.

What’s people’s expectation for this cycle?

[neilol-real-again]

https://twitter.com/CryptoKaleo/status/1390364888049008646

260k followers twitter account is saying only way further is vertical. Such vertical breakout would probably push price way over $1000. Wonder how long we will have to wait to see it.

   I don't see why 8-12k is out of the question this cycle.  I shouldn't be disappointed if we stall at $2500-4k, but I might be. A bit.  $1000 is going to arrive in a flash, and disappear in the rearview as fast.  Where is johnallen to tell us $700 will be the top 

I love Monero! I’ve held a long time.

I hope it goes to 20k.


Just this cycle I’m expecting around 700-1000.

What’s people’s expectation for this cycle?

Crazily, somewhere near $5000

[cAPSLOCK]

OK.  I am gonna post something I might have to delete because it is so crazy.

To preface I have grown weary of the sort of alt-coiner style of attack that the new Monero community has taken on.  Sounds like Roger Ver to me a little.  Hating on the Maxis... accusing blockstream of hijacking bitcoin.  Shuning the NgU culture.   Even getting ETHtard style flippening narratives up and running a little. Of course some of the points are valid.  But I miss the monero community that respected Bitcoin.

Ok... well, whatever.

That said.. I feel like I am sensing something.. some weird groundswell.  It's among the maxis.  It is starting to feel like old school bitcoinners are starting to wake up and realize that for the time being Monero is really the project that best fulfills the goals ofthe Bitcoin whitepaper.  (OK SEE?!?!?!  I sound like fucking Craig Wright all of a sudden).



I feel like there are a bunch of hardcore Maxis in a room right now all hugging and crying as they come clean with each other that they use Monero on White House Market, and would never use Bitcoin for that, and they have realized that Monero has to exist, and Bitcoin is never going to be able to achieve what it has.

Soon everyone is going to realize that Monero matters, and it is too late to stop it, just like Bitcoin.   Not only is there room for it up at the top with Bitcoin, but it HAS to be there for the world to even keep working.

Yeah...  I am losing my mind.

[infofront]

OK.  I am gonna post something I might have to delete because it is so crazy.

To preface I have grown weary of the sort of alt-coiner style of attack that the new Monero community has taken on.  Sounds like Roger Ver to me a little.  Hating on the Maxis... accusing blockstream of hijacking bitcoin.  Shuning the NgU culture.   Even getting ETHtard style flippening narratives up and running a little. Of course some of the points are valid.  But I miss the monero community that respected Bitcoin.

Ok... well, whatever.

That said.. I feel like I am sensing something.. some weird groundswell.  It's among the maxis.  It is starting to feel like old school bitcoinners are starting to wake up and realize that for the time being Monero is really the project that best fulfills the goals ofthe Bitcoin whitepaper.  (OK SEE?!?!?!  I sound like fucking Craig Wright all of a sudden).



I feel like there are a bunch of hardcore Maxis in a room right now all hugging and crying as they come clean with each other that they use Monero on White House Market, and would never use Bitcoin for that, and they have realized that Monero has to exist, and Bitcoin is never going to be able to achieve what it has.

Soon everyone is going to realize that Monero matters, and it is too late to stop it, just like Bitcoin.   Not only is there room for it up at the top with Bitcoin, but it HAS to be there for the world to even keep working.

Yeah...  I am losing my mind.

I'm assuming most of us here have heard about the Marathon Blockchain mining pool now censoring Bitcoin transactions for FATCA compliance. That really made the maxis' heads spin. All of a sudden maxis on twitter were talking about ways to get fungibility into BTC, how to fight against mining censorship, etc.

I believe it could get much worse. Nassim Taleb explains the game theoretical reasoning: https://medium.com/incerto/the-most-intolerant-wins-the-dictatorship-of-the-small-minority-3f1f83ce4e15#.z5ry4bucq

[BlackHatCoiner]

Just bought monero. I'm so gonna regret this. (that I didn't buy more)

No seriously, do you believe in the S2F model? It promises more than $15,000 by the end of 2022.

[explorer]

Just bought monero. I'm so gonna regret this. (that I didn't buy more)

No seriously, do you believe in the S2F model? It promises more than $15,000 by the end of 2022.

   Seems reasonable to me.

[cAPSLOCK]

Just bought monero. I'm so gonna regret this. (that I didn't buy more)

No seriously, do you believe in the S2F model? It promises more than $15,000 by the end of 2022.

Well... just to nitpick  That graph shows it oscillating up ABOVE what the model predicts which looks more like 2k.  I would guess that oscillation would be slightly lesser...  but who knows?

[Febo]

I'm assuming most of us here have heard about the Marathon Blockchain mining pool now censoring Bitcoin transactions for FATCA compliance. That really made the maxis' heads spin. All of a sudden maxis on twitter were talking about ways to get fungibility into BTC, how to fight against mining censorship, etc.

I believe it could get much worse. Nassim Taleb explains the game theoretical reasoning: https://medium.com/incerto/the-most-intolerant-wins-the-dictatorship-of-the-small-minority-3f1f83ce4e15#.z5ry4bucq

A lot of people predicted this. Already at time when Monero was created. Two days ago it first time come to reality.

Funny picture  from XMRtrader subreddit.


It will get worse when 51% of Bitcoin pools will start censoring transactions.  Some may say it will never happen, some might say it will take ages for that to happen. But that is the time it will really go worse.

[Hueristic]

https://www.instagram.com/p/COLwaoPjzHY/

Yessica Ortega Gentner is Mexican MMA fighter. Never heard of her before but she is extremely sexy with her top.

https://youtu.be/mozPWr4pz2c?t=235

[cAPSLOCK]

https://www.instagram.com/p/COLwaoPjzHY/

Yessica Ortega Gentner is Mexican MMA fighter. Never heard of her before but she is extremely sexy with her top.

https://youtu.be/mozPWr4pz2c?t=235

Paraphrasing:

Host:  So how did you end up with the Monero logo on your shirt?

Badass Yessica: A friend told me about it, and it is something like what I do as a MMA fighter.  I fight against another person, and the cypherpunk ideals represented in Monero are fighting against the system.

cAPSLOCK:  Daaaaaaammmmmmmmn!

I was kind of expecting.  "I don't really know what it is but someone offered my a lot of money to put it on my shirt."  I was wrong!   Donation incoming!

[Febo]

https://www.instagram.com/p/COLwaoPjzHY/

Yessica Ortega Gentner is Mexican MMA fighter. Never heard of her before but she is extremely sexy with her top.

https://youtu.be/mozPWr4pz2c?t=235

Paraphrasing:

Host:  So how did you end up with the Monero logo on your shirt?

Badass Yessica: A friend told me about it, and it is something like what I do as a MMA fighter.  I fight against another person, and the cypherpunk ideals represented in Monero are fighting against the system.

cAPSLOCK:  Daaaaaaammmmmmmmn!

I was kind of expecting.  "I don't really know what it is but someone offered my a lot of money to put it on my shirt."  I was wrong!   Donation incoming!

I missed to see start yesterday but watched the end of MoneroTopia and she latter said this was her first professional fight, but she was doing different marshal arts as an amateur for last 7 years. Also representing country. Her next fight should be in 4 months time. She lost after 3 rounds by referee decision.  And by being MoneroFighter her fan base will at least double. She is aware and happy about it.

[johnalan]

Any thoughts on where we go from here?

Still expecting 1000usd +?

[Febo]

Any thoughts on where we go from here?

Still expecting 1000usd +?

I give less than 1% that $1000 Monero will not happen this or next year. Even if next month China and USA ban Monero it will happen since that is only a bit more then double the price from right now. It would have to happen some catastrophic event that is not yet priced in.

[johnfoss]

The Monero Moon (Issue 17) is now available for your reading pleasure. It's a new world for XMR since reaching all time highs - be sure to read this week's bumper issue of The Monero Moon to stay up to date regarding all things Monero!

https://medium.com/themoneromoon/the-monero-moon-issue-17-9af10054e7ed

[Febo]

For all Bitcoin fans, apparently first real atomic swap between Bitcoin and Monero happened yesterday.
https://twitter.com/rottenwheel/status/1392207894926528514

Apparently it was made by Comit team. Farcaster team is considering their April report not that far to make it happen. Thorchain team will not do a classic atomic swaps. It seems that Comit team, after it did it first on testnet, keep grinding and does not plan to let anyone else to get ahead. 

[cAPSLOCK]

Any thoughts on where we go from here?

Still expecting 1000usd +?

I give less than 1% that $1000 Monero will not happen this or next year. Even if next month China and USA ban Monero it will happen since that is only a bit more then double the price from right now. It would have to happen some catastrophic event that is not yet priced in.

So you see a high profile Monero ban as a springboard for the price?

I have not settled on this issue yet...  I could also see the price suffering quite a bit in the case this happens in the short term.

[cAPSLOCK]

For all Bitcoin fans, apparently first real atomic swap between Bitcoin and Monero happened yesterday.
https://twitter.com/rottenwheel/status/1392207894926528514

Apparently it was made by Comit team. Farcaster team is considering their April report not that far to make it happen. Thorchain team will not do a classic atomic swaps. It seems that Comit team, after it did it first on testnet, keep grinding and does not plan to let anyone else to get ahead. 

Oh boy.

This is one of those moments where something INCREDIBLY important just happened and just about no one knows.