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Author Topic: [XMR] Monero Speculation  (Read 3295762 times)
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August 03, 2021, 05:37:10 PM
Last edit: August 03, 2021, 05:47:49 PM by explorer
 #43261

Wtf going on with Fluffy guys..  I heard he was arrested somewhere in the US.  And who’s with him right now?  What I heard is he’s being hassled for fraud or something he did way waaay back before crypto.  

Edit:  It’s in Coindesk

https://www.coindesk.com/former-monero-maintainer-fluffypony-to-be-extradited-for-non-crypto-crimes

Rofl it says:  ‘ Spagni is believed to have “significant cryptocurrency assets that would enable him to flee” as well as a “watch valued at $800,000,” according to the warrant.’.

Don’t forget to highlight that watch!  Lolol.

Edit:  The Monero core team removed him from all admin access to Monero repos.

https://www.reddit.com/r/Monero/comments/ox1167/in_light_of_fluffypony_s_being_offline_and_in/

Dev team is on to the Feds.

Edit:  Reading most of the replies here:  https://www.reddit.com/r/Monero/comments/owkdlk/moneros_former_maintainer_arrested_in_us_for/

I’m getting worried for him tbh.

   Damn.  What's worse right now?  SA, or US?  At least he can afford the best bloodsuckers.

Meanwhile...

MONTHLY TRANSACTION COUNT
                     Monero        Bitcoin         Ratio
Aug 2021 (est)   1,347,074   6,578,727   20.48%
Jul 2021        722,890   6,813,109   10.61%
Jun 2021        547,057   6,516,445   8.40%
May 2021       718,906   7,791,611   9.23%
Apr 2021      748,099   8,349,964   8.96%
Mar 2021      716,065   9,342,128   7.66%
Feb 2021      517,843   8,969,658   5.77%
Jan 2021      607,989   10,075,353   6.03%
Dec 2020        593,322   9,732,999   6.10%
Nov 2020        523,842   9,145,550   5.73%
Oct 2020        501,273   9,284,673   5.40%
Sep 2020        396,854   9,495,331   4.18%

http://monero.how

Looking like higher highs in hash rate as well.


Is BTC transaction count going to stagnate, with coin shortages and Lightning taking off?

Regardless, I can't see XMR languishing in triple digit$ much longer.

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August 03, 2021, 06:25:01 PM
 #43262


I’m getting worried for him tbh.

Don't be worried. He apparently just missed a court date or something to that effect:
https://twitter.com/Spatzipantz/status/1422533018397384709
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August 04, 2021, 05:08:23 PM
 #43263

^  I’m not worried about that.  I’m worried about him being a Monero core team member who could be held indefinitely.  I know it’s mostly fun and games from our end in the forum trading these coins but XMR is a serious project.  Try listening to the stuff binaryFate talks about.  It’s like he’s into some serious deep sh*t.

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August 04, 2021, 07:04:19 PM
 #43264

^  I’m not worried about that.  I’m worried about him being a Monero core team member who could be held indefinitely.  I know it’s mostly fun and games from our end in the forum trading these coins but XMR is a serious project.  Try listening to the stuff binaryFate talks about.  It’s like he’s into some serious deep sh*t.

Don't even think to play with the american or any of it's allies so called justice system, soviet courts were way fairer, honest and just than anything those imposters pretend to carry >>> FFFFLLLLEEEE no extradition with severe WMDs capabilities and full territorial control to dissuade any no-iq mfers from those country to even think to dare to try a "black op".
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August 05, 2021, 12:09:46 AM
 #43265

   24HR Trading volume and transaction count are both up about 50% since I looked this morning.  What news?  I mean, about time, but why today?  
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August 05, 2021, 02:34:07 PM
 #43266

The Monero Moon (Issue 24) is now available for your reading pleasure. Grab a cup of coffee or a bottle of beer and kick back for a read. Like, share, and spread the word of Monero as it continues to grow and offer unmatched financial privacy.

https://medium.com/themoneromoon/the-monero-moon-issue-24-2ac67a7a5c19
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August 05, 2021, 08:36:04 PM
 #43267

The good news is around for Monero, although some highs have been falling, Monero has shone, it is expected that it may continue to increase, the fact that it has risen more than 6% is an indication that the confidence on the part of investors towards the The best privacy coin is getting stronger, some technical indicators show that it will continue to grow, however I think that you have to be moderate when trading:


Quote
Buying pressure remained considerable in the market despite the fall in Relative Strength Index as the indicator remained above the neutral zone.
Source: https://ambcrypto.com/xrp-monero-and-dash-price-analysis-05-august/

Seeing that the volume of Monero has increased as it is rising, it is a very optimistic indication, of all the cryptocurrencies that there are I think that Monero has great survival power, and I think that people will start looking more for Monero to provide privacy and anonymity to their transactions, more so now that they want in some countries to control crypto transactions and charge more taxes.


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August 05, 2021, 10:12:37 PM
 #43268

  24HR Trading volume and transaction count are both up about 50% since I looked this morning.  What news?  I mean, about time, but why today?  

No se.  But the transaction volume is nuts. And the Fluffy news?? No press is bad press?  I really don't know.  But it is being used for sure.

The volume is following it's normal weekly pattern, but has rocketed up to 2x what it was for a couple months (!) and in the midst of all time volume highs.
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August 06, 2021, 12:16:09 AM
 #43269

  24HR Trading volume and transaction count are both up about 50% since I looked this morning.  What news?  I mean, about time, but why today?  

No se.  But the transaction volume is nuts. And the Fluffy news?? No press is bad press?  I really don't know.  But it is being used for sure.

The volume is following it's normal weekly pattern, but has rocketed up to 2x what it was for a couple months (!) and in the midst of all time volume highs.

I'm not sure as I have no clue about it but I noticed a chart Articmine posted showed dash transaction volume tanking and monero volume rising about the same amount so I'm wondering if some dashtards started wising up?

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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August 06, 2021, 08:04:19 AM
 #43270

I own xmr and i think in the future money transactions should be private, its what people and what people looking for , and they only can find privacy in their money its by using monero. So i think this coin its going very usefull in the near future and about the price speculatuion XMR i think the price can reach 280-300$ in this month and talking about long term my first goal about this coin is bounce back into the new ATH which is $600 in the end of this year.

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August 06, 2021, 07:58:24 PM
 #43271

  24HR Trading volume and transaction count are both up about 50% since I looked this morning.  What news?  I mean, about time, but why today?  

No se.  But the transaction volume is nuts. And the Fluffy news?? No press is bad press?  I really don't know.  But it is being used for sure.

The volume is following it's normal weekly pattern, but has rocketed up to 2x what it was for a couple months (!) and in the midst of all time volume highs.

I don't see why fluffy pony's news that is even unrelated to crypto as far as I know should have any impact on Monero. Even if you are an evil dude from an evil newspaper, coming up with a plausible connection between Monero being used for evil and Spagni having done some shitty stuff ages ago is quite an interesting effort I guess! Cheesy

.
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August 06, 2021, 08:10:02 PM
 #43272

  24HR Trading volume and transaction count are both up about 50% since I looked this morning.  What news?  I mean, about time, but why today?  

No se.  But the transaction volume is nuts. And the Fluffy news?? No press is bad press?  I really don't know.  But it is being used for sure.

The volume is following it's normal weekly pattern, but has rocketed up to 2x what it was for a couple months (!) and in the midst of all time volume highs.

I don't see why fluffy pony's news that is even unrelated to crypto as far as I know should have any impact on Monero. Even if you are an evil dude from an evil newspaper, coming up with a plausible connection between Monero being used for evil and Spagni having done some shitty stuff ages ago is quite an interesting effort I guess! Cheesy

I'm of the opinion TPTB thought they would get a nice dump on fluffy news and once they didn't it struck them that this is the floor, there are no weak hands left and all their fractional reserve dumping is about to come home to reap their ass.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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August 07, 2021, 10:47:37 PM
 #43273

  24HR Trading volume and transaction count are both up about 50% since I looked this morning.  What news?  I mean, about time, but why today?  

No se.  But the transaction volume is nuts. And the Fluffy news?? No press is bad press?  I really don't know.  But it is being used for sure.

The volume is following it's normal weekly pattern, but has rocketed up to 2x what it was for a couple months (!) and in the midst of all time volume highs.

just heard fluffy dick rekt Tongue what a chump.

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August 07, 2021, 11:53:44 PM
 #43274

  24HR Trading volume and transaction count are both up about 50% since I looked this morning.  What news?  I mean, about time, but why today?  

No se.  But the transaction volume is nuts. And the Fluffy news?? No press is bad press?  I really don't know.  But it is being used for sure.

The volume is following it's normal weekly pattern, but has rocketed up to 2x what it was for a couple months (!) and in the midst of all time volume highs.

I don't see why fluffy pony's news that is even unrelated to crypto as far as I know should have any impact on Monero. Even if you are an evil dude from an evil newspaper, coming up with a plausible connection between Monero being used for evil and Spagni having done some shitty stuff ages ago is quite an interesting effort I guess! Cheesy

I'm of the opinion TPTB thought they would get a nice dump on fluffy news and once they didn't it struck them that this is the floor, there are no weak hands left and all their fractional reserve dumping is about to come home to reap their ass.

There isn't all too much too add from my side! Tongue I wonder though why would TPTB hope that these news would harm Monero in specific, and why Monero?

.
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August 09, 2021, 03:12:30 PM
 #43275

^  I don’t think they see XMR as a huge threat atm.  All eyes are on BTC, ETH and DeFi which anybody could use to convert and launder their coins with a click of a button.  But the feds def know it’s going to be the biggest threat in a couple years.  Privacy, home CPU mining, a vibrant community and the best developers...  That’s a deadly combo.

And I don’t think they got to Fluffy to ‘hurt’ the price.  It could be something deeper.  And the devs prolly know it or think something’s fishy about it.  That’s why he was removed from all admin access to all repos.  

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gembitz
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August 10, 2021, 07:06:23 PM
 #43276

^  I don’t think they see XMR as a huge threat atm.  All eyes are on BTC, ETH and DeFi which anybody could use to convert and launder their coins with a click of a button.  But the feds def know it’s going to be the biggest threat in a couple years.  Privacy, home CPU mining, a vibrant community and the best developers...  That’s a deadly combo.

And I don’t think they got to Fluffy to ‘hurt’ the price.  It could be something deeper.  And the devs prolly know it or think something’s fishy about it.  That’s why he was removed from all admin access to all repos.  

XMR CORRUPTED ==== > HONEYPOT PONY

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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August 10, 2021, 08:56:30 PM
Merited by infofront (1)
 #43277

Things really are lining up for YET ANOTHER beautiful cup and handle in Monero... recently this has been a reliable predictor.



Considering the depth of the cup...  We are due for a rise to somewhere between 100-5000 depending on if you resolve it measured in linear or log scale.  The handle resolves before January at the latest I think, and perhaps sooner.  If the current Bitcoin bull continues to chug along this can happen with BTCXMR basically holding still.  But if that gains while bitcoin does it good be quite magnificent. 

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August 10, 2021, 11:04:25 PM
Merited by Hueristic (1)
 #43278

I tend to prefer logarithmic when dealing  with crypto currencies. I watch XMR / BTC which has been very bearish, but has found support at 0.004, the old 2015 - 2016 double top. A breakout from the cup and handle on XMR / USD which is also confirmed on XMR / BTC could see XMR reach 5000 USD, especially if there is a breakout on XMR / BTC over 0.036 BTC

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
gembitz
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August 11, 2021, 02:40:54 PM
 #43279

Things really are lining up for YET ANOTHER beautiful cup and handle in Monero... recently this has been a reliable predictor.



Considering the depth of the cup...  We are due for a rise to somewhere between 100-5000 depending on if you resolve it measured in linear or log scale.  The handle resolves before January at the latest I think, and perhaps sooner.  If the current Bitcoin bull continues to chug along this can happen with BTCXMR basically holding still.  But if that gains while bitcoin does it good be quite magnificent. 



xmr is a virus ...botnet ;] lol

©2021*MY POSTS ARE STRICTLY FOR NOVELTY AND/OR PRESERVATION/COLLECTING PURPOSES ONLY!*It should not be regarded as investment/trading advice.*advocate to promote sharing and free software for the bitcoin community* #EFF #FSF ===> START WITH NOTHING AND BUILD IT INTO SOMETHING!
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August 11, 2021, 08:24:23 PM
 #43280

I tend to prefer logarithmic when dealing  with crypto currencies. I watch XMR / BTC which has been very bearish, but has found support at 0.004, the old 2015 - 2016 double top. A breakout from the cup and handle on XMR / USD which is also confirmed on XMR / BTC could see XMR reach 5000 USD, especially if there is a breakout on XMR / BTC over 0.036 BTC

Agree.  I think the log view is correct for several reasons.  First of all that will be an economic signature for all crypto in the history books.  Also moves in XMR are always magnified because it is locked to BTC.

With BTC @ 250k, we don't even need XMR to 2x twice against BTC.  0.02 will be enough to get us to 5k.

A 20x in USD is a big gain in ANY alt.  Especially class of 2014 level alts.  But we all know why Monero is not exactly "any" alt.
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