[XMR] Monero Speculation

[bitebits]

Patience.  If you refuse to learn patience the easy way (self-discipline) then you will be forced to learn it the old-fashioned way (suffering).

Bchxbt has topped again.  All logic tells me that Eth is doomed for the foreseeable.  Are the next leading black markets going to use the free software world's meritocratic hard asset, or the Mossad's 20% corporate tax coin, the coin that took down alpha bay?

I don't know how long it will take the next legit DNM leader to emerge.  But I do know it will do 10x the traffic of SR1, and it will be using XMR.  That means XMR $1000 USD is less than a year away.  Possibly less than 6 months away, in a rationally discounting world (unlike this one.)

When people try to excite your emotions, they are seeking an advantage over you in the market place. Rely on facts and logic.  You will find a cool head wins over a hot heart most of the time.

Great post.

It can be a bit hard from time to time to rely on facts and logic in this space, even when I have a job just because of that. All these ICO's out of nowhere that do an instant 20x enriching a small group of people, obvious scam coins (premined/instamined etc) and inferior fungibility coins mooning, '20% corporate tax coins', etc etc.

This while Monero is there right in front of them, it is beautiful in so many ways that I sometimes wonder why a majority can't seem to acknowledge this.

But I persist and only invest (and use!) in what I understand having long term value. Monero (and Bitcoin) I could easily just not touch for a decade, there are currently very few other crypto projects that fit this criteria.

We will see but here is to the crazy ones.


Edit: http://gavinandresen.ninja/keeping-it-simple

Learn from other successful, long-lived open source projects. “Do one thing well”. Stay focused. And don’t try to be perfect, just make sure you get better over time.

[ZZ8ZZ]

The updates have been pretty decent I can say, hodl !

[guesswho1234]

since this is a speculation thread after all

facts:
btc/xmr on polo = 0.01393
btc/usdt on polo = 3670

my assumtions (even tho i think chart analysis is complete bogus):
monero bounced back up at around this lvl twice the last two weeks so maybe it will do it again
bitcoin had a very good rally and people might want to take their profit

my positions/trades:
150 monero long at 0.01393 (margin)
0.5 btc sell for usdt at 3600

what are your views?

[johnsmithx]

bitcoin had a very good rally and people might want to take their profit

The rally is not over yet but when it is the drop will be quite noticeable.

[tokeweed]

since this is a speculation thread after all

facts:
btc/xmr on polo = 0.01393
btc/usdt on polo = 3670

my assumtions (even tho i think chart analysis is complete bogus):
monero bounced back up at around this lvl twice the last two weeks so maybe it will do it again
bitcoin had a very good rally and people might want to take their profit

my positions/trades:
150 monero long at 0.01393 (margin)
0.5 btc sell for usdt at 3600

what are your views?

With the way Monero is going on the market, don't trade it on margin.  There will be lots of sideways action that doesn't really make you any profit and the exchange keeps raking in interest from the amount borrowed.

If you're gonna invest in Monero, it's buy and hold in cold storage.

[guesswho1234]

bitcoin had a very good rally and people might want to take their profit

The rally is not over yet but when it is the drop will be quite noticeable.

welp sadly i wasnt right. atleast my stop got filled

since this is a speculation thread after all

facts:
btc/xmr on polo = 0.01393
btc/usdt on polo = 3670

my assumtions (even tho i think chart analysis is complete bogus):
monero bounced back up at around this lvl twice the last two weeks so maybe it will do it again
bitcoin had a very good rally and people might want to take their profit

my positions/trades:
150 monero long at 0.01393 (margin)
0.5 btc sell for usdt at 3600

what are your views?

With the way Monero is going on the market, don't trade it on margin.  There will be lots of sideways action that doesn't really make you any profit and the exchange keeps raking in interest from the amount borrowed.

If you're gonna invest in Monero, it's buy and hold in cold storage.

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?

[kurious]

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?

It's been pretty steady in USD terms (the actual dollar) and looks nailed to between $49 and just over $50.

With BTC rocketing so much that is remarkably steady.

[doc12]

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?

It's been pretty steady in USD terms (the actual dollar) and looks nailed to between $49 and just over $50.

With BTC rocketing so much that is remarkably steady.

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters and this dumpage sucks.

Even the shittiest of shitcoins had incredible gains this year, wtf is wrong here.

At least the RSI is in oversold region for all charts till 1D.

[tokeweed]

I didn't expect this.  ;(

I thought XMR would be one of the projects that would rise together with Bitcoin, leaving the rest behind.  But the good news is, cheap coins coming.

[logictense]

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?

It's been pretty steady in USD terms (the actual dollar) and looks nailed to between $49 and just over $50.

With BTC rocketing so much that is remarkably steady.

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

U have no idea how stupid u sound, do u? 

[cryptimus prime]

You cant say FIAT is not important, a couple of friends want to buy XMR but as they do not own BTC the price around 50 USD stays the same for them. BTC is making huge moves making the ALT/BTC trading and charts pretty difficult and destroying the useability of charting methods.

[doc12]

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?

It's been pretty steady in USD terms (the actual dollar) and looks nailed to between $49 and just over $50.

With BTC rocketing so much that is remarkably steady.

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

U have no idea how stupid u sound, do u? 

No i dont. IMO Bitcoin ist the future no1 world reserve currency, so USD doesnt matter.

[kurious]

Now it really is cheap coins...

[doc12]

Basicly we have broken every possible resistance, including the great yearly trendline.
Compared to the whole crypto market Monero underperforming horribly. Dont tell my other are going down too, yes they do, but thy made 30x before so it doesnt matter.

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

[Globb0]

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

So you would be happy if BTC went down to 200$ as long as XMR went up to 0.10000000

[doc12]

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

So you would be happy if BTC went down to 200$ as long as XMR went up to 0.10000000

 

Of course not  
But I wouldnt mind a litte cool down in BTC.

[cAPSLOCK]

Yeah but i dont give a fuck about Fiat, BTC value ist all that   matters

So you would be happy if BTC went down to 200$ as long as XMR went up to 0.10000000

 

Of course not  
But I wouldnt mind a litte cool down in BTC.

When (not if) that happens I would expect a significant upward correction in XMR.

[kwukduck]

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

[DaveyJones]

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

that makes no sense , you can talk about hardcap once we hit tail-emission. Also its only pretty low ... 0,x% per year aint that big difference bro

[kurious]

Monero is great tech, but i'm getting a bit sour here. Since fluffys great "announcment" this ship is sinking and there are no signs of rescue.

What great announcement?

The only thing that can save monero is if we change to protocol not to have an infinite coin supply but have a hard cap like Bitcoin. All arguments defending tail emmission fail horribly and make even worse baseless assumptions.

'We' ?

It isn't going to happen, it's a feature, not an obstacle for Monero. 

What brings you here instead of trolling the BTC threads? Seriously, do you actually have any XMR?