[XMR] Monero Speculation

[Febo]

https://odysee.com/@MoneroTalk:8/gratuitas.org-buy-coffee-and-tip-the:4?

Nice talk. He is specially right that, governments will not ban Monero. But they will do and are already doing such regulations for services that many service providers will and already are rather not bother with Monero since there are so many other coins.  That way they will hope people will simply stop using Monero.

[LUCKMCFLY]

XMR has proven to be a currency with a great capacity to continue giving pleasant surprises to investors, not only does it guarantee privacy, I believe that it is above many privacy coins and if I am not mistaken it is the one that has the most commercial movement after BTC and ETH. I share this analysis of the following article, I found it interesting:

On Aug. 21, it broke out from the $275 horizontal resistance area and proceeded to reach a high of $339.7 three days later.

Source: https://beincrypto.com/magnificent-seven-xtz-avax-tel-enj-xmr-sol-zen-biggest-gainers-aug-20-27/

It is a good time for the investment of XMR, so far BTC looks very bullish, of course everything can change, but the XMR bulls have been present to defend the good wall of the price levels of the currency.

[cAPSLOCK]

My speculation about this coin i think Monero will go up to $300 before the end of this week and after that there will be some correction then go back into below $250. For the long term i think monero can reach hes new all time high in december but it just my own opinion about this coin.

You made a pretty good prediction with the first bit...  we are yet to see if you are right about the second.  I would not bet on it, but it is easily possible.

[Hueristic]

For anyone wondering when to buy, these low volume dips are perfect.
Every volume increase has been up for the last few months.

[Febo]

HavenoDEX updates. For those that dont know What Haveno is. It is Monero BisQ. So decentralised Monero fiat exchange. It seemed a huge task when they announced it, but now it seems that the project is grinding its path nicely.

https://old.reddit.com/r/Monero/comments/pfz9lj/whats_new_in_haveno_some_updates/

[cAPSLOCK]

I would not be surprised if Bitcoin steals the spotlight a little right about here...

But I would neither be surprised if Monero fared well amongst the alts in spite of it.

Here we go...

[tokeweed]

^  But the spotlight has always been pointed at BTC...  To a fault.  Everytime some of these whales decide to sell down BTC, prolly to shake off weak hands, it drags the whole market down with it.  This should change.  A flippening should happen between BTC and ETH, taking the whole alt market up.  So if some people want to sell down BTC, it can go down alone.

[cAPSLOCK]

^  But the spotlight has always been pointed at BTC...  To a fault.  Everytime some of these whales decide to sell down BTC, prolly to shake off weak hands, it drags the whole market down with it.  This should change.  A flippening should happen between BTC and ETH, taking the whole alt market up.  So if some people want to sell down BTC, it can go down alone.

A flippening for a pre-mined MUTABLE shitcoin with ever changing monetary policy and security models, doomed to centralization from the decentralized leader by far would not be something to celebrate IMHO...  But different folks have different opinions on this, obviously.

[Hueristic]

^  But the spotlight has always been pointed at BTC...  To a fault.  Everytime some of these whales decide to sell down BTC, prolly to shake off weak hands, it drags the whole market down with it.  This should change.  A flippening should happen between BTC and ETH, taking the whole alt market up.  So if some people want to sell down BTC, it can go down alone.

A flippening for a pre-mined shitcoin doomed to centralization from the decentralized leader by far would not be something to celebrate IMHO...  But different folks have different opinions on this, obviously.

Don't forget Mutable!

[cAPSLOCK]

^  But the spotlight has always been pointed at BTC...  To a fault.  Everytime some of these whales decide to sell down BTC, prolly to shake off weak hands, it drags the whole market down with it.  This should change.  A flippening should happen between BTC and ETH, taking the whole alt market up.  So if some people want to sell down BTC, it can go down alone.

A flippening for a pre-mined shitcoin doomed to centralization from the decentralized leader by far would not be something to celebrate IMHO...  But different folks have different opinions on this, obviously.

Don't forget Mutable!

Thanks!  Added that as well as a bit on the monetary policy changing as well as the security model.

I honestly think folks do not know why Bitcoin is valuable in the first place.

Sad part is that could actually mean something like Ethereum wins in the end just because enough people did NOT understand...

*sigh*

[Hueristic]

Sad part is that could actually mean something like Ethereum wins in the end just because enough people did NOT understand...

*sigh*

The general populous only care about short term fixes and quick bucks and EthShit fills those requirements.

Looks like its back to Ramen!

[Hueristic]

W0w, BTFD !!!!!

[cAPSLOCK]

Trying to decide if this embarrassing Monero drama is just normal bullshit or a psyop.

[Hueristic]

Bananas.
Gingeropolous steal here.

[tokeweed]

^  But the spotlight has always been pointed at BTC...  To a fault.  Everytime some of these whales decide to sell down BTC, prolly to shake off weak hands, it drags the whole market down with it.  This should change.  A flippening should happen between BTC and ETH, taking the whole alt market up.  So if some people want to sell down BTC, it can go down alone.

A flippening for a pre-mined MUTABLE shitcoin with ever changing monetary policy and security models, doomed to centralization from the decentralized leader by far would not be something to celebrate IMHO...  But different folks have different opinions on this, obviously.

Is the market cap so important that the no. 1 spot should always be held by BTC?  BTC wouldn’t be any less vauable from a tech perspective at any price. 

And I have been jaded from all of this a long time ago.  I had my crypto will take over phase, my maxi phase from following De Rose and Junseth then now my ‘I just want to trade and gamble’ phase.  But I still do care about XMR tho.  It’s the only real project left.

[cAPSLOCK]

^  But the spotlight has always been pointed at BTC...  To a fault.  Everytime some of these whales decide to sell down BTC, prolly to shake off weak hands, it drags the whole market down with it.  This should change.  A flippening should happen between BTC and ETH, taking the whole alt market up.  So if some people want to sell down BTC, it can go down alone.

A flippening for a pre-mined MUTABLE shitcoin with ever changing monetary policy and security models, doomed to centralization from the decentralized leader by far would not be something to celebrate IMHO...  But different folks have different opinions on this, obviously.

Is the market cap so important that the no. 1 spot should always be held by BTC?  BTC wouldn’t be any less vauable from a tech perspective at any price. 

And I have been jaded from all of this a long time ago.  I had my crypto will take over phase, my maxi phase from following De Rose and Junseth then now my ‘I just want to trade and gamble’ phase.  But I still do care about XMR tho.  It’s the only real project left.

I think the market cap is an interesting metric, but WIDELY misunderstood and misused.  It is also easily manipulable, and not consistent. 

Just in this last crypto dump we saw bitcoin's "market cap" lose ~100 billion USD.  But how many coins sold did that take?  And how much would the NEXT 100B take?   What would selling a similar percentage of ETH or XRP do to their market caps?

I think Float and Depth are WAY more important!

[tokeweed]

^  Yeah...  It’s hard to take market cap seriously when you got Doge in the top 10 at CMC and an obviously more valuable project like Monero is not even in the top 20.  It’s a joke and I almost wish that we see Doge take the no. 1 spot just to show those maxis that they’ve been taking themselves way too seriously.

[Hueristic]

I think the market cap is an interesting metric, but WIDELY misunderstood and misused.  It is also easily manipulable, and not consistent.  

I've also seen some shady graphs where they start the price too high so it looks like the coin has been in dump phase its entire existence and shit like rather than stating 18 million coin cap with tail they just list "infinite" right next to a shitcoin that is listed as 100 billion coins that says "capped".

Lots of spinning of the facts going on all over.

Shit zoom out on Binance chart and it starts at .16 and dumped to .0125 on 10/1/2017, it literally looks like it was a pre mined piece of shit that got dumped on people and never recovered.

[tokeweed]

^  In the end that’s good for XMR.  Security thru obscurity.  We don’t want too much attention for XMR just to get a cheap pump like most other coins out there...  BTC included.  The day XMR enters the top 5 is the day the guvment goes after it...  I mean they already got Fluffy.  Just let the user base grow in the darknet til it becomes the de facto currency in that space..  And then it will be too late.

[Hueristic]

^  In the end that’s good for XMR.  Security thru obscurity.  We don’t want too much attention for XMR just to get a cheap pump like most other coins out there...  BTC included.  The day XMR enters the top 5 is the day the guvment goes after it...  I mean they already got Fluffy.  Just let the user base grow in the darknet til it becomes the de facto currency in that space..  And then it will be too late.

No it isn't, piles of small lies like that scare people away and erodes trust.