[XMR] Monero Speculation

[Nathan047]

The train begins... 

Laughs.

The train will derail if BTC goes to 2000.

I wouldn’t be too sure. Monero seems to have it’s own niche that will keep it relatively stable even with Bitcoin/Altcoin Pumps and Dumps going on (of course it’s not immune, but I don’t think the metaphorical train would be derailed).

[prabakharras]

All alts are in the red https://www.coingecko.com/en, bitcoin is taking the lead for now after a massive bull for alts 

[KeyJockey]

is all the money that went to altcoins going back to bitcoin? Massive dump incoming? Will monero resist? Make your bets

MADE my BETS already a long time ago... NOW it's just time for making POPCORN  

[KeyJockey]

By the way I noticed this earlier today... LOL

Dash casino high score player trolling for Monero!

Nice job there, whoever did it!!  Stickin' it to the DashTards everywhere possible 

[ArticMine]

As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of  ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they  even have a solution, and is looking for alternatives.

How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016.

As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015.

[cAPSLOCK]

As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of  ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they  even have a solution, and is looking for alternatives.

How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016.

As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015.

I think this is solid analysis.  I said something similar several weeks ago but am too lazy to find it now.  Still the one frustrating thing is seeing inferior projects leapfrog Monero and hold their accumulated value.  I would like to see sense return to the market soon in that regard.

[explorer]

As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of  ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they  even have a solution, and is looking for alternatives.

How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016.

As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015.

Certainly, you were not the only one.  Not terribly distressing to look back on now, though, is it?  Due in part to your own contributions, Monero is solid, and growing.  >C$30 is not such a bad place to consolidate   

[explorer]

As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of  ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they  even have a solution, and is looking for alternatives.

How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016.

As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015.

I think this is solid analysis.  I said something similar several weeks ago but am too lazy to find it now.  Still the one frustrating thing is seeing inferior projects leapfrog Monero and hold their accumulated value.  I would like to see sense return to the market soon in that regard.

As the vast majority haven't any, I wouldn't hold my breath on that.  Monero contiues to thrive, going its own way.  IMO Fungibility is, (and becomes more so daily) essential.  No other (viable) coin has it.  I think it must become a driving force, sooner or later. 

[smoothie]

As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of  ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they  even have a solution, and is looking for alternatives.

How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016.

As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015.

To be fair the % of total market cap share of bitcoin is likely skewed and manipulated by many ICOs and premined coins where there is centralized control of the majority of supply.

As the ICO scam bubble increases and grows the metric becomes diluted as an accurate way to determine the "real" % market cap of bitcoin of the total crypto space.

[Shiroslullaby]

[Still the one frustrating thing is seeing inferior projects leapfrog Monero and hold their accumulated value.  I would like to see sense return to the market soon in that regard.

I agree.
Unfortunately, it doesn't seem like there is ANY sense when it comes to investing in alt-coins right now.
Everyone is just looking to make a quick buck and whatever coin gets hot sees a sudden spike in value,
regardless of the crypto behind it, the developers track record, etc.

Right now marketing is probably worth more than solid technology because traders have no idea what they are buying and will believe anything.
I honestly believe we are in the next bubble similar to the dot-com era of the early 90's.
Hopefully when everything crashes (and most coins will) the solid ones like Monero are still here and worth more than they are today.

[CoinHoarder]

Hopefully when everything crashes (and most coins will) the solid ones like Monero are still here and worth more than they are today.

They (all ALT coins) will definitely all burn to the ground soon, but I am certain that Monero is one of the few that will rise among the ashes.

[cryptimus prime]

George Maxwells speak at Coinbase has practically made DASH on Coinbase impossible, ZCash unlikely and XMR very likely.
Very bullish.

Maxwell: "Zcash is not unconditionally sound, can't be with current tech...."
Maxwell: "Dash isn't cryptographically private at all...it's snakeoil and I'm just sort of beside myself about it, personally."

[ROT13]

I have to say that Monero's relative stability over the past month and a half certainly bodes well for its future prospects

[bitebits]

George Maxwells speak at Coinbase has practically made DASH on Coinbase impossible, ZCash unlikely and XMR very likely.
Very bullish.

Maxwell: "Zcash is not unconditionally sound, can't be with current tech...."
Maxwell: "Dash isn't cryptographically private at all...it's snakeoil and I'm just sort of beside myself about it, personally."

I guess you are referring to this recent video? Seems that I have something to watch tonight.
https://www.youtube.com/watch?v=LHPYNZ8i1cU

Greg Maxwell on Confidential Transactions, 28 April 2017
Speakers at Coinbase, Published on May 2, 2017

[cryptimus prime]

Yes this Coinbase talk is good for XMR. Hope it will get the attention it needs on social media.

Also look at the chart and predictions over on tradingview, many traders see a massive cup and handle formation on XMR forming and ready for breakout.

https://www.tradingview.com/chart/XMRUSD/6HdI4WUp-XMR-MASSIVE-CUP-AND-HANDLE/

[romanturbo]

Prepare to moon my friends, this has only begun.

[sezyumx]

Moreno he is one of the market's most powerful in the altcoin .
1.ETH
2.Rip
3.Dash
4.Moreno

[mfgex]

As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of  ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they  even have a solution, and is looking for alternatives.

How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016.

As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015.

To be fair the % of total market cap share of bitcoin is likely skewed and manipulated by many ICOs and premined coins where there is centralized control of the majority of supply.

As the ICO scam bubble increases and grows the metric becomes diluted as an accurate way to determine the "real" % market cap of bitcoin of the total crypto space.

i think the biggest thing skewing that chart is Ethereum.  At this point i don't think it should be included.  The combined altcoin Mkt cap minus ETH still would be rising, but not so insanely high

[nanobrain]

Ok, I'd like to ask a question.
In many ways this is off topic (I apologise Smooth... at a pinch I could probably make a tenuous XMR link) but I want to ask this question here, rather than BTC speculation because that board is well....full of knobs. And conversely, this thread isn't (well Adolf and that duck character apart).

So....what is going on with BTC?

Everything I have read recently is negative with regard to 'fundamentals' and market confidence and all the blocksize squabbles. In fact, I saw a quote recently along the lines of "anyone who knows anything about BTC would not be investing now." But the price keeps going up.

Is this a wave of FOMO?  Are whales manipulating the market so they can get a good exit price? Does someone know something most don't? Have a pile of rich drunken idiots discovered crypto?  Is this linked to dodgy exchanges and money 'trapped' in the eco-system?

I'd be interested in your sincere and serious thoughts (or stupid if you prefer but if I'd have wanted cultist dictates or 'honeybadger' comments, I'd have gone to aforementioned board).

[Febo]

As someone who prefers to take the long term view I find the following charts relevant. https://coinmarketcap.com/charts/#btc-percentage. What the charts illustrate is the significant drop in the percentage of the total market cap of crypto currencies that is accounted for by Bitcoin from over 96% in November 2013 to 61% as of the time of this post. It has recently actually fallen below 60%. A different way to look at this is the sharp increase in the combined market capitalization of alt coins from ~1.5 billion USD a year ago to over 15 billion USD today. This is an increase of ~1000%. Bitcoin by comparison has had an increase from ~7 billion USD a year ago to ~23.5 billion USD today for an increase of  ~240%. What we have here is crypto currency rally that is driven primarily by alt coins and not Bitcoin. This is in sharp contrast to previous crypto currency rallies where the primary driving force was Bitcoin. My take is that the market is getting tired of waiting for Bitcoin to sort out its blocksize scaling issues, assuming they  even have a solution, and is looking for alternatives.

How does Monero compare to all of the above. During the last year Monero say an increase in market capitalization of from ~11 million USD to currently ~330 million USD for an increase of ~2900%. My take is what we are seeing here with Monero is a market consolidation after a sharp increase, in an otherwisie strong bull market in alt coins. Monero has underperformed many other alt coins in the first part of 2017; however this is understandable when one considers Monero's stellar performance in 2016.

As for where is Monero likely to trade in the next few months I must point out that I have in the past being wrong on multiple occasions such as buying between ~0.0011 - ~0.0050 XBT in 2014 only to watch it fall to ~0.0009 XBT in December 2014 and also in 2015 buying at around ~0.0024 XBT only to again watch Monero fall to below 0.0010 XBT in December 2015.

To be fair the % of total market cap share of bitcoin is likely skewed and manipulated by many ICOs and premined coins where there is centralized control of the majority of supply.

As the ICO scam bubble increases and grows the metric becomes diluted as an accurate way to determine the "real" % market cap of bitcoin of the total crypto space.

i think the biggest thing skewing that chart is Ethereum.  At this point i don't think it should be included.  The combined altcoin Mkt cap minus ETH still would be rising, but not so insanely high

ETH made in last year same as the rest of alts x10. from $700m to $7b



@nanobrain
There is nothing negative about Bitcoin. Pile of developers works on it and  Bitcoin is stronger then ever. Blocksize debate is just a a mask that distract so many dont see teh clear picture. Maybe is actually a good thing and makes enemies of BTC falsely think how weak BTC is.