Post
Topic
Board Speculation (Altcoins)
Merits 1 from 1 user
Re: [XMR] Monero Speculation
by
tifozi
on 06/04/2022, 04:24:03 UTC
⭐ Merited by Hueristic (1)
Noticed HavenoDEX raised their target of 755 XMR recently (within a span of 3-4 days ?)

A few things are just conjectures at this point and I could be totally wrong about these, but this is what I think is true in the XMR ecosystem

1) A VAST majority of coins are being hoarded and hodl'd despite the utility and cash like fungibility provided by XMR. The community has been advocating spending for years now, and it is being used as such as well, but there are whales and orcas out there who will just not spend, advocate, contribute to the ecosystem. This is both a complaint and maybe tiny bit of appreciation for them on my part (with their stance). They value it immensely and have positioned themselves in case of future success without having to shill nonsense, propaganda, lies, orders from the shadow govt that has taken over crypto in general and BTC in particular.

But they must contribute to Monero projects. Simply storing in cold wallets is not doing the right thing. It is a shame that only ~200 people contributed. We are talking about Monero flippening BTC ? Cannot be serious with such a poor turnout for what is an extremely important base for Monero to spring from. The equivalent of the ask would be filled in 5 mins if it were BTC or ETH even though everyone is just hodling and not spending in these chains.

2) BTC and Crypto world has been completely taken over by corporates, VCs and shadow govts who are driving an agenda on behalf of their masters. Everyone is acting like a puppet that wants an invite into the WEF club. The USD was never meant to be beaten. What was going to be beaten was an emergence of a stronger competitor. So why not create it, or more easily capture it given complete lack of privacy and fungibility.

3) Roger Ver recently said that it is unfortunate that there are not many Monero derivatives market because he wanted to short Monero and buy Puts. Along the lines of these, he also mentioned the tired old vitriol that was first started by the BTC group several years ago about hidden prints or difficulty of auditing the supply. He isn't the only one who has ragged about this. Everyone who has bought Bitcoin in the last 3-4 years and not an early entrant give it their all in attacking Monero with this vector.

To all of them I have to say, make up your mind. Don't complain about no coins being out there to purchase and an infinite undetected supply at the same time.

Bitcoin maximalism has affected Monero the most. It is quite an interesting disorder to see sometimes when even a $10 investor in Bitcoin nowadays suddenly starts preaching to others about "Sound Money".