Monero (XMR) thread
- Thread starter Roosh
- Start date
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.
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.
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.
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.)
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.)
godfather dust said:
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!
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
Do NOT give your keys to MoneroV, or you will get fucked like MoneroGold did!
You have been warned!
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
Do NOT give your keys to MoneroV, or you will get fucked like MoneroGold did!
You have been warned!
Or you can wait for the fork, then move your shit to a new wallet address before accessing the fork.
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/
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 said:
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.
Kona said:
A very sad moment.
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!
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!