[XMR] Monero Speculation

[Hueristic]

Hello, how many moneros do you have in your wallet? I have 10 XMR and I am waiting to sell them, I am not in a hurry to sell them but if any of you can guide me and tell me at what price I should sell? regards

You should sell now! today before we see Red again tomorrow!

[Febo]

I am usually quite phlegmatic. But since I still believe Bitcoin had not seen bottom and what happened in past week when few % of Bitcoins decline was followed by 15% decline of Monero and other alts. I am just wondering how it will look when Bitcoin bottoms. Maybe even my speculation of $50 that Monero cant go below could be endangered.   But as always after rain sun starts shining. SoonTM.

[phishead]

any guesses where monero bottoms?

Long term seems Bitcoin is following 2014. Almost identical, since dates are similar.  Bitcoin went then approximately from 1200 to 200. So if next year will continue as last half year did then we might have $3500 Bitcoin at some point and on average not much higher at start of next year.   You can imagine where will Monero be.  So there is your bottom.    I dont predict this, but there is still possibility. I do hope and expect Bitcoin will recover faster then last time.


If you are asking in upcoming weeks, then it is ofcourse way higher.


OK, while writing it makes me think. I call that Monero will not go under $50.   Most of time will stay way over that but should not go under this number ever.

If that hunk Romero goes back to $50 I will probably jizz my pants. Jus sayin’.

Edit: I think I just now realized that I have a lot of complex emotional attachments to XMR.

Anyone that looks forward to Monero hitting $50 again can just fuck right off.

If you'll pardon my French.

Ok, obviously you (and probably others) misunderstood my point so let me try and explain.  I'm just your average lurker and always have been... no sort of technical knowledge about computers or day trading, so take what I have to say with a grain of salt... I will probably do a horrible job of trying to portray my point.

But just think when Monero was hanging around the $50 mark.  I remember it being right around a year ago and was listening to Fluffy's lovely sermon of false hopes at Chapel de Monero and people freaked the fuck out.  Anyways, I remember that it had just gotten to like $50 or so during the big pump before the Monero Enterprise Alliance announcement.  The GUI was hot'n fresh still and everyone was able to wash it down with a tantalizingly delicious glass of Barolo like fucking gentlemen.  This was only a year ago.

I'm digressing, but my point is that corrections are normal and why not embrace dumps when they come around?  If people are honestly stupid enough to dump a significant (>50%) portion of their XMR holdings during a generalized crypto correction because of concerns of their short term profits and not seing the big picture, you should capitalize on it.  The GUI for XMR along with other "announcements" about Monero, such as being used on dark web markets, was revolutionary back then for speculators.  We pumped, dumped, almost had a community civil war and the pony supposedly had multiple major threats from random people on the Internet.  This was all done in a matter of like a month.  The story of this project and other cryptocurrencies moves super fucking quick and it's hard to keep up with for the average person (like myself).

Where we are now in terms of actual coding progress (from what I can gather/other knowledgeable people say) is monumentally more substantial in terms of keeping Monero fuandmental more secure/resource friendly/and yes, private. Also the community has gotten so big, it's pretty impressive.  Hardware wallets, mobile wallets, sexy black themed GUI wallets, bullet proofs, multisig, Kovri soon™, constant development and fresh ideas on how to improve the code coming from MRL and dank ass memes from MEA.  Oh you want a Katy Perry poster?  Let me suggest you use Monero via Globee so you can hide the fact that you want to buy a god damned Katy Perry poster. There are probably more things I'm forgetting or just haven't seen yet because I don't have as much free time as I once had to keep up with the ongoing news.

But again, I'm just a lurker and don't really have much knowledge on how to draw fancy lines on graphs and tell you how you can retire in 5 years or how to put the pussy on the new Tari chainwax.  ... Excuse me while I go fuck right off to the thought of being able to grab more XMR at the $50 price point knowing that it's so much more fundamentally sound now than we even dreamed it would be just only a year ago.

I am usually quite phlegmatic. But since I still believe Bitcoin had not seen bottom and what happened in past week when few % of Bitcoins decline was followed by 15% decline of Monero and other alts. I am just wondering how it will look when Bitcoin bottoms. Maybe even my speculation of $50 that Monero cant go below could be endangered.   But as always after rain sun starts shining. SoonTM.

The couple empty bags I still have lying around from the time I cashed out a little at $50 are ready to be filled again.  

But in all seriousness, I hope people look at these opportunities and take advantage of them.  Reasons are included above the header... there is so much active development that is constantly happening from two years ago, it's head spinning... and we are going back to prices that was in 2016.  

[johnalan]

The fear in this thread is beautiful. How are you taking advantage of the great crypto crash of 2018?

Not sure how much upside is left shorting, not much I would think.

I'm long.

[kurious]

The fear in this thread is beautiful. How are you taking advantage of the great crypto crash of 2018?

Not sure how much upside is left shorting, not much I would think.

I'm long.

Yes, it looks like we had a (local) double bottom in the past few days around the 0.13 level.

But of course if Bitcoin is mirroring 2014 / 2015 (as it may be) and decides to dip much further - it's tough to predict what all the alts will do.   My sentiment agrees with yours; that is that in XMR/BTC I think we are unlikely to go lower, in fact I think a little upside is now on the cards.

I think a spike up is due from now /late August into Sept.  Mainly because this time of year has 'history' for Monero.

A really big rise in XMR/USD will need Bitcoin to end its bear market.  I hope this will not need to wait until the next halving, but who knows....

[Hueristic]

I have no fiat.

[cAPSLOCK]

Looks like .015 is going to be a technical AND psychological resistance.

I think all of crypto is waiting to see once again if we have found the third bottom.

[spirali]

Quoting Vitalik Buterin from https://www.forbes.com/sites/rachelwolfson/2018/08/15/vitalik-buterin-on-the-state-of-ethereum-the-future-of-blockchain-and-google-trying-to-hire-him/ : "The Casper protocol is getting much closer to being finalized at this point. It’s just pending review on academic analysis"

For those who are not aware, Casper will introduce Proof of Stake instead of Proof of Work for ETH. So many GPU miners (especially on AMD chips) will naturally shift to XMR being the next most profitable coin to mine.

So my question is simple: what effect do you think will Casper have on the price of Monero?

[Zetminster]

Monero is a very strong coin, but the General situation of the market does not fully understand the potential of this project. We wait and hope for the best.

Many of my friends understands the potential of Monero. They are starting to buy it gradually.

[elrippos friend]

Hy guys,

RSI is on the floor around 20 so i would suggest that end of August until mid of September we reach RSI 80 or slightly above which means a price increase of 5 to 6 times of the bottom.
If we say RSI 20 at 0,0128 then we will land somewhere between 0,064 to 0,0768 at RSI 80

If you are a noholder of Monero until know, this would be a very good point for getting in 

[KayceeMae]

I think this will become more and more common. Many Bitcoiner's seem to be pro-Monero in private, but shy away from public endorsement.

As it stands it seems intellectually dishonest to say that Bitcoin will be the end all for crypto. Glad to see Roger leading the way.

[Febo]

Hy guys,

RSI is on the floor around 20 so i would suggest that end of August until mid of September we reach RSI 80 or slightly above which means a price increase of 5 to 6 times of the bottom.
If we say RSI 20 at 0,0128 then we will land somewhere between 0,064 to 0,0768 at RSI 80

If you are a noholder of Monero until know, this would be a very good point for getting in 

LOL glad you are optimistic.  But we had some nice growth in last 3 days.  Time for a $100 Monero party again

[elrippos friend]

Hy guys,

RSI is on the floor around 20 so i would suggest that end of August until mid of September we reach RSI 80 or slightly above which means a price increase of 5 to 6 times of the bottom.
If we say RSI 20 at 0,0128 then we will land somewhere between 0,064 to 0,0768 at RSI 80

If you are a noholder of Monero until know, this would be a very good point for getting in 

LOL glad you are optimistic.  But we had some nice growth in last 3 days.  Time for a $100 Monero party again

That seems to be the start of it 

[Hueristic]

Quoting Vitalik Buterin from https://www.forbes.com/sites/rachelwolfson/2018/08/15/vitalik-buterin-on-the-state-of-ethereum-the-future-of-blockchain-and-google-trying-to-hire-him/ : "The Casper protocol is getting much closer to being finalized at this point. It’s just pending review on academic analysis"

For those who are not aware, Casper will introduce Proof of Stake instead of Proof of Work for ETH. So many GPU miners (especially on AMD chips) will naturally shift to XMR being the next most profitable coin to mine.

So my question is simple: what effect do you think will Casper have on the price of Monero?

Eth is proving time and a gain what a hyped POS coin it has always been and when the miners leave the price will just continue down the shitter as the Scam ICO's get shut down. So it should naturally turn people attention to solid projects such as this one.

I think this will become more and more common. Many Bitcoiner's seem to be pro-Monero in private, but shy away from public endorsement.

As it stands it seems intellectually dishonest to say that Bitcoin will be the end all for crypto. Glad to see Roger leading the way.

Yeah, there are too many koolaid drinkers that will Dog pile you if you even suggest Bitcoin is not the perfect piece of software that can never in the future of all mankind be improved upon.

[Crypto Lady]

I like this coin. It seems to me that this coin has a great future, because most people are interested in anonymous coins and want to keep anonymity on the Internet.

[gembitz]

Quoting Vitalik Buterin from https://www.forbes.com/sites/rachelwolfson/2018/08/15/vitalik-buterin-on-the-state-of-ethereum-the-future-of-blockchain-and-google-trying-to-hire-him/ : "The Casper protocol is getting much closer to being finalized at this point. It’s just pending review on academic analysis"

For those who are not aware, Casper will introduce Proof of Stake instead of Proof of Work for ETH. So many GPU miners (especially on AMD chips) will naturally shift to XMR being the next most profitable coin to mine.

So my question is simple: what effect do you think will Casper have on the price of Monero?

Eth is proving time and a gain what a hyped POS coin it has always been and when the miners leave the price will just continue down the shitter as the Scam ICO's get shut down. So it should naturally turn people attention to solid projects such as this one.

I think this will become more and more common. Many Bitcoiner's seem to be pro-Monero in private, but shy away from public endorsement.

As it stands it seems intellectually dishonest to say that Bitcoin will be the end all for crypto. Glad to see Roger leading the way.

Yeah, there are too many koolaid drinkers that will Dog pile you if you even suggest Bitcoin is not the perfect piece of software that can never in the future of all mankind be improved upon.

bitmonero is just a glorified bytecoin...move along n00b: nothing to see here hehe

[Febo]

Country Nr. of ATM (Nr. of both way ATM)

Spain    17            (8 )
Czech    15            (2)
USA      15            (5)
Slovakia  6            (2)
Russia     5            (2)
Austria    4            (4)
Canada    4            (3)
Ukraine   2
Italy        1
Mexico     1           (1)
Chile       1            (1)

Number of Monero ATMs went from 71 to 80 in last 40 days.  Not sure why are 2 less in Spain, I probably made a mistake back then.  New countries are Australia and Slovenia.

USA      17
Spain    15            
Czech    15                    
Slovakia  7          
Russia     7            
Austria    6          
Canada    4          
Australia 3
Ukraine   2
Slovenia 1
Italy        1
Mexico     1          
Chile       1  

[Jason.W]

Good job!

[zoose]

Country Nr. of ATM (Nr. of both way ATM)

Spain    17            (8 )
Czech    15            (2)
USA      15            (5)
Slovakia  6            (2)
Russia     5            (2)
Austria    4            (4)
Canada    4            (3)
Ukraine   2
Italy        1
Mexico     1           (1)
Chile       1            (1)

Number of Monero ATMs went from 71 to 80 in last 40 days.  Not sure why are 2 less in Spain, I probably made a mistake back then.  New countries are Australia and Slovenia.

USA      17
Spain    15            
Czech    15                    
Slovakia  7          
Russia     7            
Austria    6          
Canada    4          
Australia 3
Ukraine   2
Slovenia 1
Italy        1
Mexico     1          
Chile       1  

That's a big jump. Thanks for the information.

[spirali]

Eth is proving time and a gain what a hyped POS coin it has always been and when the miners leave the price will just continue down the shitter as the Scam ICO's get shut down. So it should naturally turn people attention to solid projects such as this one.

I agree ETH looks overhyped. I invite everybody to look at http://bpeindex.com/ to understand how XMR is cheap at the moment...

No doubt Casper will attract GPU miners to Monero. But what do you think about the afflux of miners on the price of XMR (not ETH)? For example:

• scenario1 = miners need to pay for their electricity bills in fiat, so they sell their mined XMR, which is driving the price down (miners sell, but don't buy)
• scenario2 = miners need to pay for their electricity bills in fiat, but they sell their mined XMR at least at cost price which is ~143USD with current difficulty (~51,725,000,000) & $0.10 per KW/H & 1% pool fee. I know $0.10 per KW/H might sound high but I am including the whole cost. Watch https://www.youtube.com/watch?v=YLivTR3KBxs if you don't understand the global cost of mining for big farms
• scenario3 = ?

I'd like to read various opinions of this community on this subject