[XMR] Monero Speculation

[owlcatz]

The higher Dash goes, the better it is for XMR.

Why?

I'm thinking he is of the opinion that when the dash bubble bursts, much of the btc/$ will go back to XMR..... Just my own thought as well though.   

[chilly2k]

The higher Dash goes, the better it is for XMR.

Why?

I'm thinking he is of the opinion that when the dash bubble bursts, much of the btc/$ will go back to XMR..... Just my own thought as well though.   

   You could also believe Dash is opening up investors to paying way more for a digital asset.  Thus when XMR starts to rise in price there is no cap to how high it could go.   

[CTTE]

The higher Dash goes, the better it is for XMR.

Why?

I'm thinking he is of the opinion that when the dash bubble bursts, much of the btc/$ will go back to XMR..... Just my own thought as well though.   

   You could also believe Dash is opening up investors to paying way more for a digital asset.  Thus when XMR starts to rise in price there is no cap to how high it could go.   

That could possibly be true but, I just can't understand how people can honestly think Dash is worth that kind of money!  Sorry, it just doesn't add up.

[owlcatz]

Yes & no... that's why the DSH bubble will eventually burst. The reason the price is so high, is because the big holders have a LOT of BTC to put up those buy-walls. ... It can't go on forever, IMO.... Something gotta give.

[explorer]

Yes & no... that's why the DSH bubble will eventually burst. The reason the price is so high, is because the big holders have a LOT of BTC to put up those buy-walls. ... It can't go on forever, IMO.... Something gotta give.

Just an insider circle jerk that will rape a bunch of people drawn in by shiny things.  Pathetic volume to drive it that high, and zero tx growth for years.  Scams work, and crime does pay if you have the 'character' for it.

[Dafar]

Been out of the XMR game for a while. Any upcoming events and potentials for a rally this year?

[smoothie]

Been out of the XMR game for a while. Any upcoming events and potentials for a rally this year?

Yes

Next event: Moonero

[ArticMine]

Yes & no... that's why the DSH bubble will eventually burst. The reason the price is so high, is because the big holders have a LOT of BTC to put up those buy-walls. ... It can't go on forever, IMO.... Something gotta give.

You mean Dash formally known as Darkcoin as opposed to DSH (Dashcoin) the clone of Bytecoin sans the pre / ninja mine. My comment on this bubble is that when it bursts and burst it will I would not want to be caught short Monero. The risk is just to high.

[bitwolf]

The Dash scam was easier on the development side because of the btc/ltc code copy paste. It has a shiny wallet long ago and the code is easy to integrate everywhere .That's why btc whales decided that it is better to pump it than Monero. Monero is harder to develop but has way more potential and will eventually be the one and only Cryptocoin.

When will XMR surpass Dash again? Last big pump cost more than 100000 BTC to get last ATH. But Dash has much less volume, their pump is crazier than us.

You do realize that this is its weak side too. Only few followers and few users besides the masternodes, PRs , and the devs. Pump is because of the btc whales getting too f***ing rich and wanting a hedge coin. Nobody  uses or will use Darkcoins(I like how they started anonimity oriented and when they saw that it can't compare with Monero, rebranded it, showing that it's just easier to use).

[dragonares]

When will XMR surpass Dash again? Last big pump cost more than 100000 BTC to get last ATH. But Dash has much less volume, their pump is crazier than us.

[kurious]

It will come down.

It's a Dashaster waiting to happen.

[tat123]

When will XMR surpass Dash again? Last big pump cost more than 100000 BTC to get last ATH. But Dash has much less volume, their pump is crazier than us.

The buy walls have been pretty tame for a pump this big, but the limited supply is the reason. When Dash first started to pump, there was almost no coins being lent out, rates were crazy. Combine that with an orchestrated shill blitz... you get $100.

Right now XMR has been ranging during the last 6 months. Support of .0093 resistance of about .0147 so .0120 being the average. So XMR is looking decent, but does it have legs? (I get the value, being truly fungible and the idea of it being privacy centric, instead of it being an option like Zcash). Mobile wallet, GUI out of beta, DNM vendors, Coinbase... all these things will bring value, but when?

For most of you hardcore monero types, you probably don't care when, you know eventually you will be rewarded. But I am not one of you. I got in as a hedge last Friday during the ETF announcement. It worked out great so far, but now I am seeing BTC stabilize, and contemplating on switching back. The only problem... BTC is fucked right now. Both sides are making a play. One side wants BTC to be something, and the other wants another thing. BTC is risky as hell as an investment, and now this?

I am inclined right now to stay in XMR. I think the Dash SPECULATORS are just that. Speculators, not a bunch of die hards like you guys. I see this as one of Moneroj greatest strengths.  So when the music stops, they will FOMO XMR to .0225 is my guess. Why XMR? Greed. Everybody is already setting it up on Polo. "If Dash could do this with crappier tech, then watch what XMR does"! Or the speculators find Jesus and his name is Evan, and join the DashCult.

[obit33]

I think the Dash SPECULATORS are just that. Speculators.

^Bingo... Dash went nowhere 'fundamentally'... it's all marketing and hype, zero utility

https://twitter.com/ARKblockchain/status/834841078234767360

best regards

[kurious]

When will XMR surpass Dash again? Last big pump cost more than 100000 BTC to get last ATH. But Dash has much less volume, their pump is crazier than us.

The buy walls have been pretty tame for a pump this big, but the limited supply is the reason. When Dash first started to pump, there was almost no coins being lent out, rates were crazy. Combine that with an orchestrated shill blitz... you get $100.

Right now XMR has been ranging during the last 6 months. Support of .0093 resistance of about .0147 so .0120 being the average. So XMR is looking decent, but does it have legs? (I get the value, being truly fungible and the idea of it being privacy centric, instead of it being an option like Zcash). Mobile wallet, GUI out of beta, DNM vendors, Coinbase... all these things will bring value, but when?

For most of you hardcore monero types, you probably don't care when, you know eventually you will be rewarded. But I am not one of you. I got in as a hedge last Friday during the ETF announcement. It worked out great so far, but now I am seeing BTC stabilize, and contemplating on switching back. The only problem... BTC is fucked right now. Both sides are making a play. One side wants BTC to be something, and the other wants another thing. BTC is risky as hell as an investment, and now this?

I am inclined right now to stay in XMR. I think the Dash SPECULATORS are just that. Speculators, not a bunch of die hards like you guys. I see this as one of Moneroj greatest strengths.  So when the music stops, they will FOMO XMR to .0225 is my guess. Why XMR? Greed. Everybody is already setting it up on Polo. "If Dash could do this with crappier tech, then watch what XMR does"! Or the speculators find Jesus and his name is Evan, and join the DashCult.

Alts look like a huge bubble just now - ETH is at 2.6 billion USD market cap, Dash at 660 million and worth (ahem) nearly 90 USD.

This is simply not sustainable, as it based on hopium.  

Our hope is that our 'Steady Eddie', XMR, will clean up by not being part of this irrational exuberance over a load of hot air with no proven use.  

The rise of Dash either gives it 'first mover advantage' or kills not just Dash, but perhaps stains the entire Alt market for some time if it collapses in a dashtastrophic way.  Will ETH follow....?  Think tech bubble way back when.

I think it is frankly all BTC's fault as it has such glaring holes and problems, yet is growing so much anyway, the whole CC market is looking like a gold rush.  I don't think even BTC's price level is as credible as most think - is it really 'definitely' on an infinite rise?

BTC holders know they need to diversify and are doing so, looking for hedges - and XMR is a damn good one, it tends to move inversely to BTC.

However in a black swan event with all CCs going toxic, there are no safe haven hedges.

Apologies for apocalyptic thoughts, chaps, but I am concerned about a market I am invested in that looks like it might be overheating.  I am glad XMR is not at Dash's level because of this.  

If it really crashes badly it may make headlines outside our world, some noobs will have bet their house on it.

[CryptoPH]

When will XMR surpass Dash again? Last big pump cost more than 100000 BTC to get last ATH. But Dash has much less volume, their pump is crazier than us.

The buy walls have been pretty tame for a pump this big, but the limited supply is the reason. When Dash first started to pump, there was almost no coins being lent out, rates were crazy. Combine that with an orchestrated shill blitz... you get $100.

Right now XMR has been ranging during the last 6 months. Support of .0093 resistance of about .0147 so .0120 being the average. So XMR is looking decent, but does it have legs? (I get the value, being truly fungible and the idea of it being privacy centric, instead of it being an option like Zcash). Mobile wallet, GUI out of beta, DNM vendors, Coinbase... all these things will bring value, but when?

For most of you hardcore monero types, you probably don't care when, you know eventually you will be rewarded. But I am not one of you. I got in as a hedge last Friday during the ETF announcement. It worked out great so far, but now I am seeing BTC stabilize, and contemplating on switching back. The only problem... BTC is fucked right now. Both sides are making a play. One side wants BTC to be something, and the other wants another thing. BTC is risky as hell as an investment, and now this?

I am inclined right now to stay in XMR. I think the Dash SPECULATORS are just that. Speculators, not a bunch of die hards like you guys. I see this as one of Moneroj greatest strengths.  So when the music stops, they will FOMO XMR to .0225 is my guess. Why XMR? Greed. Everybody is already setting it up on Polo. "If Dash could do this with crappier tech, then watch what XMR does"! Or the speculators find Jesus and his name is Evan, and join the DashCult.

Alts look like a huge bubble just now - ETH is at 2.6 billion USD market cap, Dash at 660 million and worth (ahem) nearly 90 USD.

This is simply not sustainable, as it based on hopium.  

Our hope is that our 'Steady Eddie', XMR, will clean up by not being part of this irrational exuberance over a load of hot air with no proven use.  

The rise of Dash either gives it 'first mover advantage' or kills not just Dash, but perhaps stains the entire Alt market for some time if it collapses in a dashtastrophic way.  Will ETH follow....?  Think tech bubble way back when.

I think it is frankly all BTC's fault as it has such glaring holes and problems, yet is growing so much anyway, the whole CC market is looking like a gold rush.  I don't think even BTC's price level is as credible as most think - is it really 'definitely' on an infinite rise?

BTC holders know they need to diversify and are doing so, looking for hedges - and XMR is a damn good one, it tends to move inversely to BTC.

However in a black swan event with all CCs going toxic, there are no safe haven hedges.

Apologies for apocalyptic thoughts, chaps, but I am concerned about a market I am invested in that looks like it might be overheating.  I am glad XMR is not at Dash's level because of this.  

If it really crashes badly it may make headlines outside our world, some noobs will have bet their house on it.

Well obviously, if you look into Dash chart, it is going parabolic. And this parabolic behavior will have deep retracement in the near future.

[ozkraut]

When will XMR surpass Dash again? Last big pump cost more than 100000 BTC to get last ATH. But Dash has much less volume, their pump is crazier than us.

The buy walls have been pretty tame for a pump this big, but the limited supply is the reason. When Dash first started to pump, there was almost no coins being lent out, rates were crazy. Combine that with an orchestrated shill blitz... you get $100.

Right now XMR has been ranging during the last 6 months. Support of .0093 resistance of about .0147 so .0120 being the average. So XMR is looking decent, but does it have legs? (I get the value, being truly fungible and the idea of it being privacy centric, instead of it being an option like Zcash). Mobile wallet, GUI out of beta, DNM vendors, Coinbase... all these things will bring value, but when?

For most of you hardcore monero types, you probably don't care when, you know eventually you will be rewarded. But I am not one of you. I got in as a hedge last Friday during the ETF announcement. It worked out great so far, but now I am seeing BTC stabilize, and contemplating on switching back. The only problem... BTC is fucked right now. Both sides are making a play. One side wants BTC to be something, and the other wants another thing. BTC is risky as hell as an investment, and now this?

I am inclined right now to stay in XMR. I think the Dash SPECULATORS are just that. Speculators, not a bunch of die hards like you guys. I see this as one of Moneroj greatest strengths.  So when the music stops, they will FOMO XMR to .0225 is my guess. Why XMR? Greed. Everybody is already setting it up on Polo. "If Dash could do this with crappier tech, then watch what XMR does"! Or the speculators find Jesus and his name is Evan, and join the DashCult.

Alts look like a huge bubble just now - ETH is at 2.6 billion USD market cap, Dash at 660 million and worth (ahem) nearly 90 USD.

This is simply not sustainable, as it based on hopium.  

Our hope is that our 'Steady Eddie', XMR, will clean up by not being part of this irrational exuberance over a load of hot air with no proven use.  

The rise of Dash either gives it 'first mover advantage' or kills not just Dash, but perhaps stains the entire Alt market for some time if it collapses in a dashtastrophic way.  Will ETH follow....?  Think tech bubble way back when.

I think it is frankly all BTC's fault as it has such glaring holes and problems, yet is growing so much anyway, the whole CC market is looking like a gold rush.  I don't think even BTC's price level is as credible as most think - is it really 'definitely' on an infinite rise?

BTC holders know they need to diversify and are doing so, looking for hedges - and XMR is a damn good one, it tends to move inversely to BTC.

However in a black swan event with all CCs going toxic, there are no safe haven hedges.

Apologies for apocalyptic thoughts, chaps, but I am concerned about a market I am invested in that looks like it might be overheating.  I am glad XMR is not at Dash's level because of this.  

If it really crashes badly it may make headlines outside our world, some noobs will have bet their house on it.

I have to give you a fat +1 on this one. Fair bit of gravity in the situation atm

[CTTE]

For all of you lending out thousands of Monero especially at really low rates... just think about it for a moment. Right now we have about 190,000 XMR available to short and a good share of them are available at VERY low rates. While Dash on the other hand has only about 17,000 and yes I know some are currently shorting Dash but, even when their price was much lower the numbers were still about 8 or 9 to 1.  That makes it extremely easy for anyone with some btc to short Monero at a very low cost and in big numbers and drive that price down. 

The MasterNode scheme does one thing effectively and that is remove huge numbers of coins from the market for trading AND for lending, thus raising the cost to short and making it easier to keep a pump going to these really extreme levels.

Please re-examine your lending habits, if we all quit squabbling over the scraps maybe Monero would make some headway as far as price goes.

And yes that include you TC!

[bitwolf]

For all of you lending out thousands of Monero especially at really low rates... just think about it for a moment. Right now we have about 190,000 XMR available to short and a good share of them are available at VERY low rates. While Dash on the other hand has only about 17,000 and yes I know some are currently shorting Dash but, even when their price was much lower the numbers were still about 8 or 9 to 1.  That makes it extremely easy for anyone with some btc to short Monero at a very low cost and in big numbers and drive that price down. 

The MasterNode scheme does one thing effectively and that is remove huge numbers of coins from the market for trading AND for lending, thus raising the cost to short and making it easier to keep a pump going to these really extreme levels.

Please re-examine your lending habits, if we all quit squabbling over the scraps maybe Monero would make some headway as far as price goes.

And yes that include you TC!

Yet, I don't think that the purpose of a currency is to be shorted or longed. It is to be exchanged for goods. The crypto market is in its 99 % used for short/long speculation. This is a big bubble. I feel ok that Monero is currently not part of this bubble(well at least no so much). Everyone can short whatever and whenever he likes but that won't decrease the usability of Monero.

[encryptedcharms]

That Dash is about to hit $100 is unprecedented silliness.  
  
It is still an instamine scam on a broken scheme - nothing has changed there.  And Monero is still actual and true privacy tech.  
  
Stay the course and Monero will one day hit $100 too.  And when it does you'll know it's actually worth that.

[KeyJockey]

Okay guys... I guess I need to weigh-in here on the whole Dash situation "big picture" given that the damn shitcoin seems to be about to break $100.

Un-frikkn'-believeable but... there it is.

So: am I butt-hurt?  Yep.  Freely admit it.  Fact is that I did HODL 50 Dash from over a year ago until just recently (like last October or November I think) when I decided to dump it and 'consolidate' my crypto portfolio around only "what really mattered".

So, yep I've missed out of this pump even though I should not have, given that I WAS holding *some* Dash just as a "hedge" until very recently and stupidly I sold it off JUST BEFORE this run started.

Back in October-ish the 50 Dash I had was worth about 1 bitcoin and now, today, it'd be at 4 bitcoins.

So that's two doublings 1-to-2-to-4 that I missed out on.  Opportunity cost of 3 BTC.  That would've made it my third-best crypto investment of all time after Monero and MaidSafe overall returns and it would've beaten my overall bitcoin performance (one doubling) by twice.

So, yeah, it sucks and I feel stupid but can't win 'em all I guess... right?  LOL.  Still ButtHurt.

Anyhoo....

The $64,000 Big Question NOW is... what to do about this situation?  Let's look at "reality" as best we can.

Dash is no competition to Monero.  We know that. 

The Monero/Dash fighting is really over IF we just are thinking about the best fungible (private) crypto. Monero Wins On That, No Question, Game Over, End Of Story.

But taking a step backwards it looks to me like Dash isn't really competing on that point any more.  They've ceded that point (mostly) and nowadays they are trying to SELL their shit premine scam coin as being JUST a little BETTER than BITCOIN.  It has faster and cheaper transactions, apparently, even IF it does not have better fungibility or anonymity (which is simply also true for bitcoin).

I thought that this recent DashPump would never get to $100 but NOW here it is and it's come RIGHT ON THE HEELS of the latest, biggest, noisiest and messiest battle between BlockstreamCore and Bitcoin Unlimited (yesterday this node bug crashing shitstorm mess).

SO is it really POSSIBLE that this latest Bitcoin Disaster has driven more real money/value into... aaaaah... can't bear to say it... DASH REAL USE??

Or is ALL this really STILL just the most Epic Mother Of All-Time PUMPS by the Dashhole Insiders, trying to desperately make a Hail-Mary Pass and *buy* some expensive *legitimacy* for their scam coin at the last minute *before* the actual real-reality takes over again and consigns it to the dustbin of history?  Dashholes may actually KNOW that most likely coinbase is going to adopt Monero soon, for example, and when WE hit $50-$100+ on that fact (soon^TM) it may be the end of the road for them.

I'm willing to listen IF any Dashers around here wanna try and convince me using real FACTS/DATA that I've been wrong that it's a scam coin and pump-dump here lately, just on the theory that *maybe* Dash only needs to be a little better in some small way than BITCOIN (not Monero) to justify this crazy price rise.

Really trying hard here NOT to be "emotional" about this kind of investment decision but under the circumstances it's pretty hard LOL