[XMR] Monero Speculation

[infofront]

And it is sad that the WO has gotten so out of hand.

I'm trying to remember when it wasn't.

I've got nothing.

I blame cAPSLOCK and Heuristic

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[Hueristic]

And it is sad that the WO has gotten so out of hand.

I'm trying to remember when it wasn't.

I've got nothing.

I blame cAPSLOCK and Heuristic

We are horrible human beings!

[cAPSLOCK]

And it is sad that the WO has gotten so out of hand.

I'm trying to remember when it wasn't.

I've got nothing.

I blame cAPSLOCK and Heuristic

Reasonable...  And just so you know, I think you are doing fine.  I cannot speak for smooth, but I would guess his complaints are different than mine.  For me recently the absolute free for all of assholes has been astonishing.  But some of these are old timers that has seemed to break recently... dunno why.  Also the influx of loquacious noobs has been interesting.

These two things tend to happen at the bottom of cycles.  Since we are not at the bottom of a cycle right now (just judging by time alone) then that makes it interesting.

Also interesting is the sustained unusual Monero action.  Boy I hope we can keep some traction here...  It's long overdue for the king of the shitcoins to take his throne.

[johnfoss]

THE MONERO MOON (ISSUE 38) IS OUT NOW!

It's got a few things in it that may interest you guys this week!

https://www.themoneromoon.com/p/the-monero-moon-issue-38

[Smartprofit]

I want to note that the price of Monero did not rise during the last bull market. 

The last bull market was associated with the adoption of cryptocurrencies by institutional structures.  Funds and large investors have entered the cryptocurrency industry. 

Monero was not in trend.  Suspicious anonymous coin... No mandatory KYC and AML....

Now the situation is changing.  Large investors have lost interest in innovative blockchains.  In the world, prices for food, oil and gas are rising.  You can invest in real business.  It's profitable. 

And Monero has a chance to grow.  Sanctions, economic wars, refugees - in this situation, there was a need for an anonymous and confidential cryptocurrency.  In addition, Monero inflation will slow down in the near future.  Monero's sidechain, Tari's digital asset platform, is under active development.  There is also a low base effect.  Monero is very undervalued compared to the rest of the cryptocurrency. 

All this can lead to an increase in the price of XMR.

[Febo]

Block 1 (2014-04-18 10:49:53 UTC)

[phishead]

Wooo what a run recently

Hope everyone has been well… if anyone would like to participate in Monero birthday festivities on Twitter I have a (sorta) give away going on there. Donate .001 to general development, post your tx hash and enter to win!

https://twitter.com/spesmonerujo/status/1516136136397275145?s=21&t=ZqmFcgTzb9TPQGFq-C4GOg

[Hueristic]

Monero rose as much as 14%, while Bitcoin, the largest cryptocurrency by market value, dropped 4% and Ether fell 5%. Other altcoins tumbled even more, with Ethereum Classic and EOS down more than 8%.

https://www.bloomberg.com/news/articles/2022-04-18/altcoin-monero-surges-as-owners-set-withdrawal-from-exchanges?utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_source=twitter&utm_content=markets&utm_campaign=socialflow-organic

[infofront]

XMR has broken out of the 4+ year downtrend...

[Hueristic]

XMR has broken out of the 4+ year downtrend...
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And its about fucking time!

[cAPSLOCK]

XMR has broken out of the 4+ year downtrend...

Ya beat me to it.

Kinda cool that we also topped out right at that last high.  And I think the next zone is in the .008 range.



I would say one more thing.  The narrative is strong right now as well.  The sort of "proof of keys" type movement going right now seems to have some actual legs.  People have finally realized that the insane leveraged interests in Monero are almost certainly heavily influenced by Monero's killer property.  You can't see the Binance wallet. 

Along with the world waking up to the looming specter of digital privacy disappearing at an alarming rate.

We *could* be on the front end of a perfect storm gentlemen, though I am a permabull and will be saying the same things even if we drop 80% lol.

https://www.bloomberg.com/news/articles/2022-04-18/altcoin-monero-surges-as-owners-set-withdrawal-from-exchanges

[tokeweed]

^  We ain't seen nothing yet as far as narratives go imho.  Give it a little more time, when XMR claws its way back to top 10 at CMC the 'narrative' would be if Monero's privacy make XMR a better store of value and a better medium of exchange.  Just watch the news...  I know some of it would be clickbait but most of it would be the truth.  I mean would a billionaire want to hold his money in BTC and be on a list somewhere for everyone to see?  :/  I don't think so...  He would like to park his money somewhere more private.

Just a couple or so Bitcoin halvings more...

[phishead]

^^ On top of all the narrative talk, has Monero ever trended on twitter?  I don't think we have, and could you imagine the sort of interest that could follow?  Doesn't seem too hard for random cryptos now and days to 'trend' if they start acting real bullish.  I think then you will start seeing a lot more people diving in to the whole #monerun narrative.   

Let's not forget Jack Dorsey follows Monero advocate @Sethforprivacy.

[cAPSLOCK]

Will this organic groundswell continue?  It looks like it could!

[phishead]

Just out of curiosity, is there any way we could have 'Chartbuddy' that the Wall Observer thread has?  Or would that be considered spam?  Think it would be an interesting addition to this thread over time.

Bitfinex

Explanation

Explanation
Chartbuddy provides a chart which shows the change of the market depth with time.

Chart shows the market depth for the last hour, the beginning of the hour at the back, latest time at the front. The bids (what people are willing to pay) stack up on the left and the asks (what people are wanting to get paid) stack up on the right.

A depth chart indicates how much it would conceivably take to shift the price. Note that orders can be cancelled so judgement should be applied. Large orders produce a large vertical part on the chart or a "wall". By watching how walls are added, moved or removed, it is possible to make a judgement of market sentiment (or arguably just observe attempts at market manipulation).

The large numbers at the top are the latest values for the closest bids and asks. The difference between these is the "spread".

World times are also listed for several major cities.

Will this organic groundswell continue?  It looks like it could!

Looks like it

[johnfoss]

THE MONERO MOON (ISSUE 39) IS OUT NOW!

Bumper issue for you guys this week.

Hopefully it provides insight into how much Monero has grown!

https://www.themoneromoon.com/p/the-monero-moon-issue-39

[tokeweed]

^ ^  It's starting imho.  All it takes is a little bit more of critical thinking and for the people in the Bitcoin community to start asking questions.  The most obvious one being why are there still lots of DNM users still continuing to use BTC?  They should drop it as BTC isn't really built for keeping your wallets' blockchain info safe from the prying eyes of TPTB.  Even their most prized use case of the store of value narrative isn't really that strong without Monero's features.

And it is sad that the WO has gotten so out of hand.

I'm trying to remember when it wasn't.

I've got nothing.

I blame cAPSLOCK and Heuristic

Just curious...  What happened?

[cAPSLOCK]

^ ^  It's starting imho.  All it takes is a little bit more of critical thinking and for the people in the Bitcoin community to start asking questions.  The most obvious one being why are there still lots of DNM users still continuing to use BTC?  They should drop it as BTC isn't really built for keeping your wallets' blockchain info safe from the prying eyes of TPTB.  Even their most prized use case of the store of value narrative isn't really that strong without Monero's features.

And it is sad that the WO has gotten so out of hand.

I'm trying to remember when it wasn't.

I've got nothing.

I blame cAPSLOCK and Heuristic

Just curious...  What happened?

Well I won't speak for smooth whose beef might be different.  But we had a combination of an influx of noisy noobs, which cause some of the longer time folks to bristle a little as they fish for merits.  Also some folks getting mad about doom-y TA from said noobs.

But also there have been a few accounts, and one in particular that just went off the deep end acting like absolute assholes. Personally I was a bit offended when after letting the board know I had just tested positive for covid this asshole started going on about how stupid we are to believe it was real more or less.  I don;t have very much bandwidth for people who cannot have a little nuance.  I am actually in the camp that thinks we severely over-reacted to covid, and that the vaccines were at best duds.  But I have compassion for folks going through it.  I know people who have died from it, and anyway... yeah mainly one asshole.

As to the maxis being maxis.  That does not bother me all that much.  Again, I prefer nuance but tolerate maxis on both the Bitcoin and Monero side.  While I think I have made it clear I see a world in which both flourish.  So I have never minded those sorts of views expressed here, or there.

One thing I agree strongly on is Monero's privacy is about to make the same kind of lightbulb go off to a LARGE wave of people as it did for so many of us.  The Guns'n'Bitcoin folks... McCormack, et al.  There are a LOT of reasonable Bitcoinners, even maxis starting to admit the fact that Monero does something that not only can Bitcoin NOT do, but that it probably never should.  I think we see privacy improve on layer 2.  But we are nowhere near there yet.  And the short squeeze coming for Monero might be crazy-go-nuts.

[Hueristic]

^ ^  It's starting imho.  All it takes is a little bit more of critical thinking and for the people in the Bitcoin community to start asking questions.  The most obvious one being why are there still lots of DNM users still continuing to use BTC?  They should drop it as BTC isn't really built for keeping your wallets' blockchain info safe from the prying eyes of TPTB.  Even their most prized use case of the store of value narrative isn't really that strong without Monero's features.

And it is sad that the WO has gotten so out of hand.

I'm trying to remember when it wasn't.

I've got nothing.

I blame cAPSLOCK and Heuristic

Just curious...  What happened?

[cAPSLOCK]

Back on topic though.  That is a damn sexy daily candle... wonder how many more of these we have in there.