[XMR] Monero Speculation

[elrippos friend]

We are nearly low enough to pick up my rogue bitcoin.



Up or down from here?

I strongly believe that we will touch low 0,007 maybe even high 0,006, go sideways for a few weeks and then we are starting to gain massively towards BTC
It is nice to see, that we are still going sideways in $ and €, that is a very good sign 

[B1tUnl0ck3r]

So what about RandomX ? anything else if or when or if they have already taken over (they, the MACHINES...)?

Still no torrent link to share? It would increase safety and distribution .

I am still curious if 0.3 is too much or not... will see later .

edit : I had to use the search function to find this post, what is going on? where have you all moved, to some kind of decentralized and secure forum?

[cAPSLOCK]

There is currently no evidence of RandomX failing in regards to continuing to be ASIC resistant.

We have seen a couple brief spikes that have a lot of evidence of being cloud computing coming online for brief periods, but even this supports the idea that XMR is effectively C/GPU friendly only now.  The closest thing to an ASIC is the high end AMD CPUs.  If ASICs came into play we would see a ramp up that would go very high and remain there for as long as possible.  It would be a very costly endeavor to (again) make XMR ASICS and the manufacturers are incentivized to get that cost out as fast as possible.

[dikobraz123]

With release of Ryzen 5000 series, the network hashrate will probably increase gradually.

[Febo]

I am still curious if 0.3 is too much or not... will see later .

edit : I had to use the search function to find this post, what is going on? where have you all moved, to some kind of decentralized and secure forum?

We are at 6% of Bitcoin transactions so at 0.06 now. Best source of Monero information is Monero subreddit.

Latest info there that attracted big crowd is about about Sybil attack
https://old.reddit.com/r/Monero/comments/jrh7mv/psa_informational_thread_on_the_recently_observed/

It was also mentioned on twitter: https://twitter.com/fluffypony/status/1326130648491417602
https://threadreaderapp.com/thread/1326130648491417602.html

[sech1]

With release of Ryzen 5000 series, the network hashrate will probably increase gradually.

They're not better in RandomX: https://www.reddit.com/r/MoneroMining/comments/jpmw5l/zen3_vs_zen2_clock_for_clock_comparison/

[dikobraz123]

If I recall correctly, Zen 3 architecture should bring some 20% increase on the average in performance compared to Zen 2. Looks like  this does not translate to RandomX performance for now. Thanks for the link, I was about to pull the trigger on a new CPU.

[cAPSLOCK]

The way things are going price-wise it looks like there are lots more sellers than buyers.  It's sinking rather fast while the rise to 11 was quick, but required quite a bit more volume.  Trying to work out what this means.

Do we think this is related to the interesting attack being shoveled at XMR just recently complete with some fairly strong trolling?

[Hueristic]

The way things are going price-wise it looks like there are lots more sellers than buyers.  It's sinking rather fast while the rise to 11 was quick, but required quite a bit more volume.  Trying to work out what this means.

Do we think this is related to the interesting attack being shoveled at XMR just recently complete with some fairly strong trolling?

I would think the main reason is the bitcoin bull is in the china shop.

[explorer]

  Breathing on 0.0067xx
Looks like some shorts closing in this range.

[elrippos friend]

 Breathing on 0.0067xx
Looks like some shorts closing in this range.

I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November 

[bitebits]

[...] i think i can buy back in at 0,0090-0,0088 levels [...]

I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November  

Keep lowering that bar and one day you will be out of Moneros. Through the years I have seen many come and go on the WO trying to be smart.

The world needs easy to use, decentralized, actively developed and carefully tested financial privacy. There is currently, still, only one fulfilling those requirements (think about that for a second with the thousands of other attempts out there).  It is just that people with money, most living in first world countries, think they don't need privacy. They are OK their transactions are broadcasted to the world for anyone to review, forever. That is just being naive to say the least.

It requires only one external event though to make a 180 degrees turn. Thinking that Monero, as the private payment layer of Bitcoin, is not even 1% of its value is short term thinking. Monero's price will have its day in the sun again, and in the meanwhile it is maturing and improving each and every day. In about 1.5 years there are only new tail emission coins available, the rest needs to come from hodlers exiting. Don't be impatient or greedy while Monero's future is already so clear today.

[elrippos friend]

[...] i think i can buy back in at 0,0090-0,0088 levels [...]

I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November  

Keep lowering that bar and one day you will be out of Moneros. Through the years I have seen many come and go on the WO trying to be smart.

The world needs easy to use, decentralized, actively developed and carefully tested financial privacy. There is currently, still, only one fulfilling those requirements (think about that for a second with the thousands of other attempts out there).  It is just that people with money, most living in first world countries, think they don't need privacy. They are OK their transactions are broadcasted to the world for anyone to review, forever. That is just being naive to say the least.

It requires only one external event though to make a 180 degrees turn. Thinking that Monero, as the private payment layer of Bitcoin, is not even 1% of its value is short term thinking. Monero's price will have its day in the sun again, and in the meanwhile it is maturing and improving each and every day. In about 1.5 years there are only new tail emission coins available, the rest needs to come from hodlers exiting. Don't be impatient or greedy while Monero's future is already so clear today.

I honestly do not get your point in this perspective, but the bar is lowering by itslef, so there is nothing wrong in selling monero and buying back in. If you did not do so, fine for me, but please don´t try to educate people about the use case in speculation thread 

[Febo]

 Breathing on 0.0067xx
Looks like some shorts closing in this range.

I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November 

In march went to 0.0061 and last October went to 0.006. It is very hard to expect to go under that now. Yes, last month was super bad compared to BTC but I guess that was just weak hands that entered Monero few months ago.

In general is funny that it all went just as always did. But the rumour, sell the news. At end of summer there were rumours number of transactions will increase. They did, but so so. Then in October actually started increasing a lot and dump happened.

[explorer]

 Breathing on 0.0067xx
Looks like some shorts closing in this range.

I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November  

In march went to 0.0061 and last October went to 0.006. It is very hard to expect to go under that now. Yes, last month was super bad compared to BTC but I guess that was just weak hands that entered Monero few months ago.

In general is funny that it all went just as always did. But the rumour, sell the news. At end of summer there were rumours number of transactions will increase. They did, but so so. Then in October actually started increasing a lot and dump happened.

   I think .0061 would be very hard to get to, and I would hate to see it that low again.  On the other hand, the recent 0.0068X just doesn't feel like a bottom, so I'm awaiting another leg down.  All it takes is the next BTC level-up while we hang out in the $11X range like cAPSLOCK forecast.  A strong reversal above the 0.0061 range is what I want to see.

[Globb0]

I am having my post deleted. Which is quite frustrating and it feels personal.

I commented we are coming down to the price I accidentally sold a bitcoin worth of Monero.

I will soon, flip it back to Monero, if we keep dipping.

Also I fail to understand how answering a direct question is off topic or low value. So I conclude it is personal and to damage my sig campaign efforts.

Shame this forum is coming so pathetic and petty.


Why should I even bother at all?


I don't spam anywhere!

I am original Monero so what 2014, it doesn't even come to your face. There is no comeback its generic. A "mod" please come forward and be a man if you want me gone from here?


Example

We are nearly low enough to pick up my rogue bitcoin.

Smiley

Up or down from here?

This is the Monero speculation thread.    ?

[Hueristic]

Latest Fud campaign is great for anyone whos bags are not full but when it reverses this will be the last time we see this price range.

You know they are running out of tactics when they have resorted to mindshare attacks.

[Globb0]

Latest chart is looking a bit bleak again.



Still I will flip my small forey back into Monero.

Got to believe in it.

This fud is so empty. I don't see any substance in it!

[explorer]

Latest chart is looking a bit bleak again.



Still I will flip my small forey back into Monero.

Got to believe in it.

This fud is so empty. I don't see any substance in it!

I don't see it as bleak.  I see it as nowhere else to go but UP.  Similar to the 0.001-  days.  It was time for total fail or up and up.  It went up and UP and UP.  A last chance to take the full ride.

[cAPSLOCK]

 Breathing on 0.0067xx
Looks like some shorts closing in this range.

I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November  

In march went to 0.0061 and last October went to 0.006. It is very hard to expect to go under that now. Yes, last month was super bad compared to BTC but I guess that was just weak hands that entered Monero few months ago.

In general is funny that it all went just as always did. But the rumour, sell the news. At end of summer there were rumours number of transactions will increase. They did, but so so. Then in October actually started increasing a lot and dump happened.

   I think .0061 would be very hard to get to, and I would hate to see it that low again.  On the other hand, the recent 0.0068X just doesn't feel like a bottom, so I'm awaiting another leg down.  All it takes is the next BTC level-up while we hang out in the $11X range like cAPSLOCK forecast.  A strong reversal above the 0.0061 range is what I want to see.

It is hovering a couple bucks lower than I guessed...  But of course I can redraw all my lines to fit this number.  But in all seriousness this is where I saw it breaking through and where i figured support would form.  What I DID NOT anticipate that ion a couple weeks it would be trading at like 140USD.  So in some ways that push and drop is sort of a non event if the 110-115 range will hold as we consolodate.

On the other hand I was a professional audio engineer for almost my entire career.  What the hell do I know?