[XMR] Monero Speculation

[BitcoinNewsMagazine]

Heyhey,

hope you all are hodling well. Lets discuss some fundamental price-driving factors again.
My eyes bleed from technical analysis bullshit (yet to see a rich technical analyst)..

- What are the tx-fees on Monero right now?
- How is the Darknet adoption?
- Are there any hardware-wallets coming in?
- Any progress on scaling?
- Any progress on bitcoin-compatible RPC API?
- How many Monero did the referee get from Real Madrid?

Anyone?

As far as hardware wallets Trezor mentioned they are only working on getting Trezor 2 to market right now. Ledger has already told the community they have Monero on their public roadmap. They are not even sure though if Nano S can handle Monero yet.

[explorer]

They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.

Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too).

Everyone needs anonymity.  Most just haven't realized it yet.  When they finally figure it out, look out ...

[Genesis1337]

Heyhey,

hope you all are hodling well. Lets discuss some fundamental price-driving factors again.
My eyes bleed from technical analysis bullshit (yet to see a rich technical analyst)..

- What are the tx-fees on Monero right now?
- How is the Darknet adoption?
- Are there any hardware-wallets coming in?
- Any progress on scaling?
- Any progress on bitcoin-compatible RPC API?
- How many Monero did the referee get from Real Madrid?

Anyone?

This is far best website with Monero information's, you see there also fees cost and also compared with bitcoin. https://www.monero.how/
You can never know what traders pay with but speculation is that on alphabay  99% is used BTC and 1% is used Monero. It goes par with transactions on Monero and Bitcoin blockchain. 100 vs 1 ( you can again check on website I provide).

About hardware valets is best to ask companies that makes them When they will fell they can make a nice profit they will for sure jump in.

As I know and I am no PRO, Monero can scale no matter on how much transactions happen as long as changes are not sudden.  Where progress will be needed is to reduce blockchain growth. I am sure everyone is aware of it, but is not some super priority since no one expect that Monero will reach par with bitcoin transactions in a year.

Does this website work also?  http://www.praisemonero.org/   

[KeyJockey]

Hey anyone of y'all "regulars" around here, smart guys what knows a lot more 'bout all this stuff than ME... LOL... think DECRED might be a worthwhile addition to the overall crypto portfolio?

I have not added any new coin in several months and probably don't *really* need to diversify any more than I am already, but just wondering if this one may be worth a small stake... any opinions?

[Globb0]

Turned a little profit from it, but it was a little terrifying also.

I decided to get out in profit,

I followed Monero a long time so I am happy with its fundamentals. Immunised me a bit to the rise and fall it suffers.

In a way if its for a hedge, and when people are saying I'm 80% BTC 20% XMR if that's their full plan, then it seems the more obvious hedge ought to be outside of the crypto space.

(*note: I'm only a project manager not a finance expert)

[KeyJockey]

Thx Globb0... I should clarify I guess, I'm not a "trader" really only looking to put $ into crypto long-term for "Buy & HODL" strategy basically...

Also I don't really like too many of the so-called 'appcoins' except for really ambitious world-changing type projects like MaidSafe... only really see merit in the pure-currency type coins, to accomplish what Satoshi's overall vision for what BITCOIN is supposed to be (XMR being prime candidate IMHO to be "Bitcoin 2.0" due to actual honest-to-god FUNGIBILITY, for main example).

So, with that said, anyone think Decred as one of the pure currency type projects has a long term shot at something OR it's just another P&D vehicle?

Also are there any other pure currency projects out there I'm missing out on?

[Nathan047]

They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.

Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too).

Everyone needs anonymity.  Most just haven't realized it yet.  When they finally figure it out, look out ...

And I don’t disagree, I value anonymity too (that’s why I like Monero, even though I’ve never been to a dark net). I guess I was just saying that Monero has it’s own little niche and doesn’t fight tooth and nail like most altcoins.

[amaral1977]

Thx Globb0... I should clarify I guess, I'm not a "trader" really only looking to put $ into crypto long-term for "Buy & HODL" strategy basically...

Also I don't really like too many of the so-called 'appcoins' except for really ambitious world-changing type projects like MaidSafe... only really see merit in the pure-currency type coins, to accomplish what Satoshi's overall vision for what BITCOIN is supposed to be (XMR being prime candidate IMHO to be "Bitcoin 2.0" due to actual honest-to-god FUNGIBILITY, for main example).

So, with that said, anyone think Decred as one of the pure currency type projects has a long term shot at something OR it's just another P&D vehicle?

Also are there any other pure currency projects out there I'm missing out on?

I was think about getting in Decred... don´t know exactly why... IS it overbought at the moment or you guys would believe its a good time to jump in for long term hold?

[explorer]

They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.

Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too).

Everyone needs anonymity.  Most just haven't realized it yet.  When they finally figure it out, look out ...

And I don’t disagree, I value anonymity too (that’s why I like Monero, even though I’ve never been to a dark net). I guess I was just saying that Monero has it’s own little niche and doesn’t fight tooth and nail like most altcoins.

True, XMR seems to be divorced from the altcoin scene, and just does its own thing.  Which is good, IMO.  I don't have time or inclination to investigate the DNMs, but I have used XMR for its  intended purpose of value transfer, and have confidence that it will become easier and more common as crypto progresses, and legacy finance/governments bleed.

[Hueristic]

They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.

Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too).

Everyone needs anonymity.  Most just haven't realized it yet.  When they finally figure it out, look out ...

And I don’t disagree, I value anonymity too (that’s why I like Monero, even though I’ve never been to a dark net). I guess I was just saying that Monero has it’s own little niche and doesn’t fight tooth and nail like most altcoins.

True, XMR seems to be divorced from the altcoin scene, and just does its own thing.  Which is good, IMO.  I don't have time or inclination to investigate the DNMs, but I have used XMR for its  intended purpose of value transfer, and have confidence that it will become easier and more common as crypto progresses, and legacy finance/governments bleed.

I had etc I exchanged for xmr right before etc spiked (DOH) as I expected once BTC came down it would naturally be moved into xmr but it doesn't look like that is happening which is perplexing me. Maybe that FUD campaign actually worked?

[explorer]

They are still really close right now. I definitely dont see any real competition thought between monero and ethereum classic. Both of them are definitely fighting against fiat, btc, and eth.

Quite honestly, I don’t see Monero fighting much against any currency. Monero seems to stick mainly to the Darknets and those who in need of anonymity (and then of course speculation too).

Everyone needs anonymity.  Most just haven't realized it yet.  When they finally figure it out, look out ...

And I don’t disagree, I value anonymity too (that’s why I like Monero, even though I’ve never been to a dark net). I guess I was just saying that Monero has it’s own little niche and doesn’t fight tooth and nail like most altcoins.

True, XMR seems to be divorced from the altcoin scene, and just does its own thing.  Which is good, IMO.  I don't have time or inclination to investigate the DNMs, but I have used XMR for its  intended purpose of value transfer, and have confidence that it will become easier and more common as crypto progresses, and legacy finance/governments bleed.

I had etc I exchanged for xmr right before etc spiked (DOH) as I expected once BTC came down it would naturally be moved into xmr but it doesn't look like that is happening which is perplexing me. Maybe that FUD campaign actually worked?

It had some effect, but XMR was drifting on a slight downgrade already, with falling volume and orders.  I don't think the FUD caused any change in the trend.  Any time you think you've discovered a correlation to XMR price movement, just move along, because it will change before you can capitalize on it 

[aminorex]

I think declining volume is fine as long as the transaction volume and hash rates continue to trend up.  Trading volumes just indicate how close we are to price discovery.  In most alts, discovery tends to push price towards zero, but as long as there is a persistent demand for transactions and hash rate is high enough to restrict supply, dishoarding can't have much lasting market impact.  Volume is just one indicator of liquidity. 

tl;dr: Price discovery in xmr discovers happier things.

[explorer]

I think declining volume is fine as long as the transaction volume and hash rates continue to trend up.  Trading volumes just indicate how close we are to price discovery.  In most alts, discovery tends to push price towards zero, but as long as there is a persistent demand for transactions and hash rate is high enough to restrict supply, dishoarding can't have much lasting market impact.  Volume is just one indicator of liquidity. 

tl;dr: Price discovery in xmr discovers happier things.

Agreed.  I tend to watch trading more than the other metrics, but watching the hash rate and tx vol trend inevitably upward has always been a source of warm fuzzy feelings.  It is something that sets Monero firmly apart from the herd.

[BitcoinNewsMagazine]

Daily volume on Polo is too low to suggest a bottom is in place yet. I think we need to see a sell off on high volume with price approaching the daily 200 MA first. Since 200 MA is at .0128 today probably still some pain left.

[Hueristic]

Kraken launched support for tether-USD (USDT/USD) trading on March 29 and now adds 2x leveraged margin trading for this pair. Further enhancements to the margin program include higher 5x leverage for other trading pairs:

    Bitcoin-USD (XBT/USD): 5x
    Ether-bitcoin (ETH/XBT): 5x
    Ether-EUR (ETH/EUR): 5x
    Ether-USD (ETH/USD): 5x

Margin trading for USDT/USD will help drive volume and liquidity, and may improve price discovery. In the past USDT traded very near $1 USD on confidence that USDT could be redeemed 1:1 for USD from the reserves held by Tether Limited (the company behind the Tether System). However, recently USDT price has come under sell pressure because, although Tether Limited claims to maintain full reserves, the ability to redeem USDT for USD has been temporarily suspended while they transition to a new banking partner.

I don't have a clue about USDT now.

[CoinCidental]

DaFuck is happening with  XMR ?

How low are we going ? Nearly all my coins are doing better than my monero stack
which is total  bullshit considering there are scam coins like ZEC and DASH worth hundreds of millions more .....

[cAPSLOCK]

DaFuck is happening with  XMR ?

How low are we going ? Nearly all my coins are doing better than my monero stack
which is total  bullshit considering there are scam coins like ZEC and DASH worth hundreds of millions more .....

It looks to me that some people or person is gradually unloading a large position.

[CoinCidental]

DaFuck is happening with  XMR ?

How low are we going ? Nearly all my coins are doing better than my monero stack
which is total  bullshit considering there are scam coins like ZEC and DASH worth hundreds of millions more .....

It looks to me that some people or person is gradually unloading a large position.

Normally that wouldn't be a problem.... If people were buying....
Has xmr been superceded by that zec shitcoin in public perception?

[kurious]

If it seems a little quiet around here, it may be the fact that the BTCTalk forum is offline in many places outside the USA - I am using Tor as my normal browser cannot log on - been like this for a couple of days.

Seems Theymos decided to upgrade and it's not worked out so well....

[bitebits]

I think declining volume is fine as long as the transaction volume and hash rates continue to trend up.  [...]

Hashrate (increase) usually follows price increase, the two can't been seen separately. Transaction volume in Monero and other alt coins is probably still mostly people speculating (moving their Moneros to and hopefully from exchanges).

A declining volume does not affect price per se, but it does indicate a lack of traders' current interest. Their focus is apparently elsewhere.

To me a declining volume over an extended period of time could become a worry. Although a declining volume of development and research would be a much greater worry. Which fortunately is not the case for Monero, the opposite I would say.