Monero (XMR) thread

[RedPillUK]

Yeah that graph is meaningless, you need to check the XMR to BTC graph. I just checked the daily and weekly charts and they look pretty neutral, while the four hour chart is going down, I don't understand where that weird bitchy post is coming from at all.

 

[Samseau]

The 3-month low of XMR is around .018. I sold at .025 and that's the bottom?

As I predicted, BTC is having a massive rally as it prices in the LN. BTC dominance is pushing 40%, up almost 10% in a week, and Monero has fallen from .03 to .027 and dropping. I wish I could have timed Monero's RSI better and I could have seen this last minute rally, but short-term trading isn't my forte. It will be something I work on in the future.

That said, Monero has gone from rank 13 to rank 12 on www.coinmarketcap.com. This is just one of many ranks it will continue to climb. None of the shitcoins above it have anything going for them except hype or age (like Litecoin). Monero is easily still the best long and I can't wait to get back into XMR. I just had to switch to BTC for this LN rally. Only Bitcoin can compete with Monero in the long run due to its massive headstart on the network effect.

BTC will be king for at least 10 years more, but after that Monero has a major chance of becoming king in a world of increasingly authoritarian governments.

 

[[email protected]]

I've been thinking why XMR has such a low cap despite being the only crypto actually used for real life goods and services...then it hit me today that BTC and ETH have seen explosive growth in market cap valuation simply because they are paired with every altcoin on every exchange. This explained me the quick rise in price, why it went up so high despite having no use in the real world. XRP is probably an outlier because it's been artificially pumped by the developers.

 

[Samseau]

When they are all red cept' one... you know you've picked the right coin.

[attachment=38578]

 

[Kona]

Some days I curse Samseau, some days I praise him. Today he's my man.

Monero at 367!

Pretty soon you guys need to get your dark web wish lists ready.

Aloha!

 

[Kona]

What's up with this monero fork?

They say you get ten monero vs for every monero. Does this mean my existing monero is gone?

Is this the move thats gonna get me my Ferrari and Samseau a pair of fake shoes or some shark fins?

Please reply in kind.

Aloha!

 

[godfather dust]

As far as I'm concerned the major use case of crypto currency (which is the only huge thing blockchain technology has been used for, correct me if wrong) is hiding transactions from the authorities (drugs, money laundering etc.)

As we now know, Bitcoin and most other crypto currency is actually mostly useless for this.

I agree with Samseau that Monero will eventually be king, because it has major advantages over regular currency and transactions (privacy.)

 

[Kona]

As far as I'm concerned the major use case of crypto currency (which is the only huge thing blockchain technology has been used for, correct me if wrong) is hiding transactions from the authorities (drugs, money laundering etc.)

As we now know, Bitcoin and most other crypto currency is actually mostly useless for this.

I agree with Samseau that Monero will eventually be king, because it has major advantages over regular currency and transactions (privacy.)

So how's this fork gonna process since this shit is anonymous?

I'm concerned. I've got lotsa questions out there with experts I'm waiting for answers to. I made my crypto bones with Bitcoin cash, so this looks good.

I joke a lot, bit I am really gonna order something on the dark Wed tommorw, but I'm gonna have someone that knows what the are doing to it and I'm gonna use a single coijn wallet to do it. Just to see what happens.

We gotta watch this fork my brothers.

Aloha!

 

[Mr_Nobody]

Anybody needing to know good OPSEC setups for Darkweb research I can PM you a few ideas.

Here's a great starter: Don't use Windows. Especially to store your XMR

Stay safe and happy profits!

 

[Samseau]

Do NOT give your wallet seed to MoneroV. MoneroV is a SCAM.

Monero does a normal fork every 6 months that requires no effort from normal users. MoneroV is a competing currency trying to lure over Monero users with false promises of increased privacy, better mining rewards, and a better long-term value (i.e. no "inflation).

It's all bullshit. For example, in MoneroV's Whitepaper they claim they will implement MimbleWimble tech to increase privacy, and yet I saw on reddit a MimbleWimble dev claiming he has no idea what MoneroV is.

The Monero dev team has issued an official warning:

https://getmonero.org/2018/02/11/PoW-change-and-key-reuse.html

Key reuse
It is important to realize that the security of the Monero network and your own Monero is dependent on the security of your Monero keys. Your Monero keys are MONERO keys. Do NOT use them for any other purpose, including claiming coins from a Monero fork. Using your keys to spend the same outputs twice on different forked blockchains will damage your privacy, and others', as both spends will bear the same key image, but different rings, with only your spent output in common (this does not impact stealth addresses nor confidential transactions, just ring signatures). Moreover, by using such a "same keys" fork, the security of your Monero private keys now depends on those third parties.

Forkers, if you're forking Monero, DO NOT ask users to reuse their Monero keys, but have them create new keys for your fork.

Users, if a forker asks you to use your Monero keys for their fork (after this notification is published), they're trying to manipulate you into being part of a large scale attack on Monero.

Be safe, and don't reuse your Monero keys for any other purpose than using Monero.

Do NOT give your keys to MoneroV, or you will get fucked like MoneroGold did!

You have been warned!

 

[Mr_Nobody]

Do NOT give your keys to MoneroV, or you will get fucked like MoneroGold did!

You have been warned!

Unfortunate. Just actually heard about this. No idea why anybody would be giving out keys like that. Sad Situation.

 

[SamuelBRoberts]

Or you can wait for the fork, then move your shit to a new wallet address before accessing the fork.

 

[zanetti]

I have my Monero in the Monero GUI wallet that I downloaded from the getmonero website. Can I leave my Monero there or do I need to do something with this fork that is coming up?

 

[Mr_Nobody]

I have my Monero in the Monero GUI wallet that I downloaded from the getmonero website. Can I leave my Monero there or do I need to do something with this fork that is coming up?

You should be good to go. A fork isn't gonna delete your funds.

 

[redbeard]

The more and more I look into Monero, the more I love it.

If you want to stash money away, this is the place to do it.

BTC is not "digital gold." Monero is the closest we have to it.

Just ask Edward Snowden:

https://www.coindesk.com/goodbye-fungibility-ofacs-bitcoin-blacklist-remake-crypto

https://cryptotrends.in/the-rise-of-privacy-coins-edward-snowden/

 

[Kona]

My crypto career has ended.

Aloha!

 

[godfather dust]

My crypto career has ended.

Aloha!

Same here. It never really started, I had a little less than .8 btc from ancient shit sold in January (not a trader) but the money left to be made is for inside traders only, this shit is dead. I was going to buy in 6-7000 but hell no.

Should change the crypto sub to general tech.

 

[SamuelBRoberts]

My crypto career has ended.

Aloha!

A very sad moment.

 

[redbeard]

My crypto career has ended.

Aloha!

A very sad moment.

How do you say "goodbye" in Hawaiian?

Aloha! doesn't seem fitting for this occasion.

 

[Kona]

I still love Samseau. We are still dating.

Unfortunately, if any of you need ransom, or some fake Gucci purses, my monero has been sold. No more dark web purchasing power.

Another form of goodbye in Hawaiian is A hui ho, which is "until we meet again" but in this case we will not. My nano ledger is going in the fire.

Aloha!