[XMR] Monero Speculation

[Febo]

Just ask yourself why JP Morgan is implementing their solution and not Monero's solution in their blockchain ledger, or why Ethereum is implementing the Zcash technology and not the Monero technology?

Now question yourself. Last weeks, there was lots of talks CEO of JP Morgan said what about Bitcoin?  What he said?  We will implement Bitcoin solutions? We will implement some "way smaller then Bitcoin clone" solutions? What did he said?

When you will listen to your answer and think about it, you will see that most crpto news is just pure bullshit. People make i up and repeat it so long that they start believe it.

[Johnny Mnemonic]

The biggest indicator of future price growth is the constantly increasing number of contributors, development, and ongoing research. Pay attention to the other projects in the space that tend to expand vertically but not horizontally. The amount of simultaneous developments in Monero is proof that it isn't going away any time soon, and is rapidly outpacing any would-be competitor.

[TheFuzzStone]

The biggest indicator of future price growth is the constantly increasing number of contributors, development, and ongoing research. Pay attention to the other projects in the space that tend to expand vertically but not horizontally. The amount of simultaneous developments in Monero is proof that it isn't going away any time soon, and is rapidly outpacing any would-be competitor.

Agree + transactions per block

[cryptimus prime]

Yes, I think the problem with most newbie investors is that they try to find the next X100 and buy any kind of coin which makes this promise. While doing that, they miss out the next X10 or X30 and that is what I see in IOTA and XMR. From the 4 strong and healthy projects (although BTC may not be healthy any more) which are BTC, ETH, XMR and IOTA, only the last 2 have a small market cap of 1 billion USD.

Other top 10 coins like LTC, NEM, XRP, DASH etc. are a joke.

I only like to put my money into quality stuff, where I can hodl even through lows with no problems because I know the value will come back again.

As far as LTC and DASH are concerned I think they have a rightful place in the top 10.

Litecoin being silver to Bitcoin’s gold; it was one of the first altcoins and also has very low transaction fees giving it a deserved top 10.


With DASH I don’t like the instamine or the fact the devs seem shady either, but it still has neat tech

"Litecoin is silver to Bitcoin`s gold"
What kind of justification for LTC existance is this?
This is not the the way I plan my investments.

And no, DASH tech is pretty much worthless compared to what ETH, XMR and IOTA can do.
I just need to take a look at their devs, kind of people who are into their "community" and the problems their technology does (or does not) solve to have my strong opinion about it.

[Hueristic]

Monero is alright but can someone explain me what chance it stands against Zcash? I think Zcash has already proved that they use by far the most superior cryptography. And if you don't believe me, you don't have to. Just ask yourself why JP Morgan is implementing their solution and not Monero's solution in their blockchain ledger, or why Ethereum is implementing the Zcash technology and not the Monero technology? I have nothing against Monero but it looks to me like everything is against that coin, what are the chances of success when developers come up with real innovations. That is already a good proof that is reflected in the price of the currency, Zcash is far more valuable than Monero, so the market has spoken regarding that topic. Monero has to implement some real alternative to even come close to compete with Zcash. I wish the team best of lack, we need competition in the space because it pushes us to improve our service and products, I hope it does the same for Monero.

Maybe because ETH, Zcrap and JP Morgan all have to be trusted and are centralized?

[smooth]

Monero is alright but can someone explain me what chance it stands against Zcash? I think Zcash has already proved that they use by far the most superior cryptography. And if you don't believe me, you don't have to. Just ask yourself why JP Morgan is implementing their solution and not Monero's solution in their blockchain ledger, or why Ethereum is implementing the Zcash technology and not the Monero technology? I have nothing against Monero but it looks to me like everything is against that coin, what are the chances of success when developers come up with real innovations. That is already a good proof that is reflected in the price of the currency, Zcash is far more valuable than Monero, so the market has spoken regarding that topic. Monero has to implement some real alternative to even come close to compete with Zcash. I wish the team best of lack, we need competition in the space because it pushes us to improve our service and products, I hope it does the same for Monero.

1. Your statement about Ethereum is flatly false. The Ethereum Metropolis fork adds support for both approaches, not just Zcash (zksnarks and ring signatures). In fact I came across a video last week where Vitalik was personally explaining the benefits of both.

2. Companies like JP Morgan will often make big announcements about high profile initiatives and partnerships when working with other companies such as Zcash. Frankly in only a minority of cases do these intitiatives ever lead anywhere beyond press releases. However, those same companies also very often have people internally and quietly working with decentralized open source technologies. I would be virtually certain there are people within JP Morgan studying Monero and thinking about how to make use of it (and other open source cryptocurrency projects too), without any press releases being generated. That also does not guarantee it will ever lead anywhere (perhaps Jamie Dimon will find out and fire them).

[aminorex]

The silence is deafening.  It is a good time to trade volatility, hey? It never runs away from you.  Boring for speculators, though.

[starmman]

The silence is deafening.  It is a good time to trade volatility, hey? It never runs away from you.  Boring for speculators, though.

I think its the calm before the storm, good time to prepare - will be interesting to see what happens on Nov 1 or Nov 15. Some of the smaller coins have already started going crazy, not time for XMR yet =)

[kurious]

The silence is deafening.  It is a good time to trade volatility, hey? It never runs away from you.  Boring for speculators, though.

I was thinking the same; not even tumbleweed 'round these parts.

Traded a little, but mostly it's just been undulating with the rises and falls of BTC, steadily pegged not far from the $88 mark in USD the past few days. At least it looks like a steady and robust base for the next rise.  The big game in town is of course BTC, though.  

I hope we can grab little limelight sometime soon - just to remind people Monero is a top crypto asset which it's unwise not to keep an eye on.

[kurious]

The silence is deafening.  It is a good time to trade volatility, hey? It never runs away from you.  Boring for speculators, though.

I think its the calm before the storm, good time to prepare - will be interesting to see what happens on Nov 1 or Nov 15. Some of the smaller coins have already started going crazy, not time for XMR yet =)

It's looking like early on Nov 16th, now, for Segwit2x.  My hunch is the Bitcoin user base is largely fine with the status quo - the Big Blockers / anti SW types already have their BCH, so I can't see S2x being popular with users (meaning one would expect a post-fork dump and a quickly widening price differential in favour BTC).  

However, the Replay Protection issue will mean dumping is hesitant and there do seem to be significant forces still behind S2X and even BCH can possibly benefit too, if BTC loses a lot of hash rate to either BCH or S2x.  Signalling is still over 80%, I was hoping to see it drop lower in the run up to the fork, which is a also a concern.

It's definitely more 'potential' trouble than BCH was (and the farcical Bitcoin Gold) and how it will play out is still not certain.  

What it means for XMR is hard to tell.  Total victory for BTC will see BTC rise and, (short-term) no help to the XMR price, but ultimately an improving situation and a good Q1 2018 for all.  However, uncertainty in Bitcoin could be bad for the whole market.

So short-term, I hope BTC wins, but long-term we will still not have solved the scaling debate properly and there will be a lot of unsatisfied actors around.

[LennyCarl]

The silence is deafening.  It is a good time to trade volatility, hey? It never runs away from you.  Boring for speculators, though.

I thought we were leaving smooth's post to linger last but not least for maximum effect.    

[generalizethis]

The silence is deafening.  It is a good time to trade volatility, hey? It never runs away from you.  Boring for speculators, though.

I thought we were leaving smooth's post to linger last but not least for maximum effect.    

I thought we were waiting for multi-sig, ledger or another walonek post--not sure where to rank those in importance.

[Billy Bunter]

I suspect the MyMonero light wallets will be released very soon - the next week or so. Unfortunately their advent may be lost in all the hoo-hah over the fork.

Such is Monero's luck.

[walonek]

How all moroneros like to lose the train at BTC ? 6k again and noMore all the way at 86-89 usd. Not to mention 2 month falling oversold BTC price and no end of this waterfall at the horizon.

[iCEBREAKER]

How all moroneros like to lose the train at BTC ? 6k again and noMore all the way at 86-89 usd. Not to mention 2 month falling oversold BTC price and no end of this waterfall at the horizon.

I am so happy for cheap Monero!  You will feel stupid for not buying under $100 while you had the chance, just like you already feel stupid for missing the opportunity to buy under $1, under $10, and under $50.

Monero is like Bitcoin; they shoot up fast and hard, pull back severely, and then spend months building a new support base before suddenly mooning again with high volume and more volatility.

[kurious]

Rather good support - I expected a hammering, but some people seem to know a bargain when they see one...

[iCEBREAKER]

Rather good support - I expected a hammering, but some people seem to know a bargain when they see one...

Being able to buy XMR for under $100 is like having a time machine back to 2013.

Looking forward to dumping my Bcash and B2X next month.  I'm counting on Jeff, Roger, Jihan, and Barry pumping both to over >1 BTC for the sake of subsidizing their silly attack forks.

But I expect everyone else (except SHAtoshi) will be doing the same, so XMR may not be any cheaper relative to BTC when people go hedge shopping with their airdrop coins.

[kurious]

Rather good support - I expected a hammering, but some people seem to know a bargain when they see one...

Being able to buy XMR for under $100 is like having a time machine back to 2013.

Looking forward to dumping my Bcash and B2X next month.  I'm counting on Jeff, Roger, Jihan, and Barry pumping both to over >1 BTC for the sake of subsidizing their silly attack forks.

But I expect everyone else (except SHAtoshi) will be doing the same, so XMR may not be any cheaper relative to BTC when people go hedge shopping with their airdrop coins.

As long as the air drop isn't risky becaue of lack of replay protection, expect an initial BTC rise, then diversification of profits into crypto - so XMR today is looking very cheap.

Come next spring I suspect people will be cursing every XMR they ever sold.

[aminorex]

Personally, I think s2x will be the longest chain, because BTC hash rate will be inadequate to keep up.  According to Satoshi, that makes s2x the true chain.  Once the chains diverge enough, and before the deluge, it will be time to dump BTC classic.  And yes, I will roll gains into XMR, of course.

[dballz789]

xmr is like a long term hold, im thinking 10years. The general masses have no use for it.