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Man, I'm seeing my price target. It feels so far away now. It's it felt so felt so close like a week or so ago now
Yeah, well, I mean, you know
It's weird actually the rest the rest of the crypto market was kind of pumping this week and we took a big
What the fuck?
Unbelievable right like Monero Monero is more popular known than ever
Entire market goes up and Monero. It's giving us time to buy so I see this happen correct me if I'm wrong
But I I feel like I anecdotally see this happen a lot where the market pumps
Monero kind of sits back and then like a few days a week later then Monero seems to like also pump
Yeah, it's the pump when nothing else moves, right?
Yeah, well nothing else. It's giving you time to buy
Yeah, I mean giving us a long time to buy
We've had these dips that have been happening and look like it's another one
Right if you if you're trying to refill some bags if you've been spending Monero, you need to top up those bags
Hey, it's a good time to do it
True although I always feel like I always feel like a maxi when I'm like that's good now
I can just buy more. It's like, okay
Like price pumps. It's like I told you so and then if it dips, they're like, oh, well, you know
We cans bro. He's got we cans and I'm gonna buy more now. Ha ha
Total cope, but it is true man. I mean that that's my mindset, right? Just just build earn
Build it like you're watching just use it. You're watching the utility of it grow
So if you're focused on that you're excited and you feel like you're winning, right?
If we if we were looking at this and like, you know, ah, nobody's using Monero, you know
Dark markets not using Monero. You know, that would be tragic days
But it's the opposite more and more people go on XMR XMR bizarre is is getting is getting some traction
It's getting some traction like that. That is exciting to me
Obviously, I mean what the price to go up but when you're focused on that element it the chart just looks like it's been
You know going up and up and up and up. Yeah, I don't know. Maybe maybe I'm maybe I'm just like
Misinterpreting that I wish we had some some better stats on that. It just feels anecdotally that there's more and more adoption happening
Obviously XMR bizarre showing that it feels that way
We don't see it too reflected in the transaction counts like lately
Yeah, I'll bump up above 30,000 35. We're kind of headed back down now. Maybe that's a price thing where I
I don't know some people got some gains. Everyone was buying Monero during the down times and now people are taking profits
Maybe it's off lot. I don't know
Yeah, it's incredible that the the actual usage hasn't kicked into the point yet where it's reflected more in the trend
It feels like if right, it feels like like transaction count is more affected by like price than usage
for what we feel is like genuine usage like
It we haven't grown to that point yet
I feel like where the genuine usage of people sending peer-to-peer transactions is starting to really
Boost the transaction count if that makes I think it's undeniable the amount of speculators and
investors in the crypto industry is like
vastly outweighs the amount of people that actually
Rows it regardless of whatever coin it is. So
So they'll be that day
I guess we won't know when it happens, but where actual like real transactions
Become a higher percentage of the network than
speculators
Yeah, I mean it
Ideally we should see these transaction counts slowly climb over time
It's more and more people adopted more and more people start using it for payments
Even if it's just gift cards, right?
What we want to see is people well, we want to see we want to see new adoption
But we also want to see the rest of the crypto market for their gift cards and all that other stuff
Travalla, etc transition into Monero just because like hey, why not?
Like why wouldn't you have privacy? Look at what everything the government is doing is like
It's slapping you in the face here for the past like six months for the past year about all the kinds of crazy stuff
They're doing so it's like why wouldn't you just use Monero?
You don't have to think about the privacy. It's basically better than everything else out there, but
So far like it we have we just haven't seen that reflected to a great extent in our transaction counts
You know, maybe it's just the long game, right? Maybe this we just have to keep doing this for the next few years
Xomarchat.com like we were saying like I'm saying oh imagine if we we got a you know a thousand super chats per show
Right like all right that might be a little far-fetched, but what isn't is if you know large
Podcasters with large followings start moving over to you know
We maybe we get that first like libertarian podcaster who's a little little bit not you know on the on the not normie edge
It was like oh, I'm gonna try out Xomarchat if you get enough of those. I mean
get
Getting a thousand transactions per day just by Xomarchat alone. It's conceivable in my mind
That would be amazing like it would also be really cool because you'd be able to tell us
What percentage of the total transactions were from Xomarchat, right?
We would that that's a statistic we would be able to track
Sackler
Alrighty, I just wanted enough cope. Tell us tell us the price. I
Just wanted to comment on tuxes old-school podcasting studio. This is the kind of podcasting studio your grandparents used
Back on the day
Thank you. Yes. It's very nice
It is actually pretty cool. Yeah, it looks cool
Okay, so um, yeah, we've got the Menero chart setting in front of us here. We got it back
I think we even talked about we said hey, you know
There could be nefarious entities still out there that might do nefarious things to try and keep the price
From going up, right? Don't don't expect that necessarily that this is a moment to break out
Although right could be which is terribly non-specific and non-committal. I know
Um
It is it does raise an eyebrow here that Menero has dropped significantly to the tune of 11 percent
While everything else basically either was flat or went up
Um, but it is what it is, you know, whatever. That's fine. Um
Just another opportunity to maybe everybody's moving over to Darrow
Is
Please it's not even a question
In fact, maybe that's what changes to Darrow. Topia. He's changed the name. It's over
Since Menero is so traceable
That's right. Oh, it's it's perfect
Yeah, they've got there's those visuals out there
You know on twitter and they just like saying all this nonsense. I'm like, bro. Come on. What's up with that?
All right, they follow me. So I don't want to like I don't want to like
Crap on Darrow too badly, but it's also I know I know it's like but it's so annoying
It's like Jesus christ guys like you're getting crushed like your your project has been completely
destroyed and then you're sitting here trying to throw throw stones at Menero. It's like, what are you doing?
Just be I've always said this about them if they could just be a little bit more open and honest about their project and like they would
People might actually show some interest towards it, but their their attitude is like
They just look like complete numbscalls
Well, if it was that like so there's a lot of them that are like that for sure
There's a few of them out there like the Darrow shills that are also like very pro-menero and they engage in a positive manner
so it's like
Like they talk about Darrow like I'll read one of their posts, right?
And um, and I'll be like, oh, that's a good post. Uh, and then they're like and also Darrow blah blah blah
And I'm like I now I can't like the post. I'm sorry, bro
Unlike or I might have like liked it in the first half and then unlike the post reading the second half
Yeah, Kevin saying that tech leak guy created the fun. Yeah, we've had him on this show
I I recommend you go watch that one. It was it was amazing
um
It technically blocked me or yeah, he weren't apart by Luke Parker
Oh, yeah, that's right. I remember that holy crap. That was um, that was brutal over him. Obviously
Yeah, this is the Darrow chart right here in front of us. They've they've also come down to the tune of
I guess from the wick. What are we on the daily?
Yeah, they've come down about 21 but they actually had a nice bump here. It's actually do x mr divided by
Darrow
My uh, I lost the the e-key on my keyboard and I can't actually replace it. Hey, what the hell?
Maybe I just can't look at this one x mr usd divided. Oh, I bet you Darrow isn't even on the crypto
Darrow is probably not even on the on the crypto list
Um, yeah, so we've been pumping against Darrow a little bit of a drop here lately
35 percent. Yeah, I mean but Darrow. I mean, obviously it's moving massive
percentages since
You know since basically since down here, right? This is x mr versus Darrow does this x mr is doing better than Darrow
Obviously, that's from the Darrow
Crash or whatever. Um, all right. Anyways enough about Darrow. Let's go back to uh, let's go to minaret here
And see what we got with the bitcoin to minaret ratio
Unfortunately, you know, obviously with bitcoin pumping a little pumping would be a strong word bitcoin gently moving towards the upside
Uh, minaret gently moving towards the downside those two compounded kind of a stump in the x mr usd ratio
Um, let's take a look here again. I'm not sure if you can see that but this line right there is the very very long term lower standard deviations
We are now below that. Okay, that's not great, but I don't know if I believe that necessarily any that's real
Um
Oh, you know when we talk about nefarious people doing things to the price
We always talk about price divergences
Although nothing to see here. This chart doesn't give us anything
um, polo is kind of a little bit more schizophrenic than everyone else oscillating between minus one and a half and
Maybe plus one and a half percent relative to kraken
Um, but yeah, nothing nothing to see there
Uh, but ever versus gold. Yeah, we're going to look at a few charts versus gold today
Um, you know since gold is the the bell of the ball right now
Um, yeah, so minaret has had a little bit of a dip related to the gold price
Um, it's not huge right? This is the glee chart. So this is a long time frame. Um, but yeah
I mean it makes sense right gold's pumping minaret's flat. So we've got a little bit of a drop here
At this moment this chart really to me feels like
This chart really feels to me like it wants to occupy this zone for a period of time
So I wouldn't necessarily expect minaret to take off relative to gold anytime soon
I might even expect um expected to drop some more
So, you know that let's go ahead and go look at the gold chart because um because gold did break a very very long-term
Resistance trend line now when I say break, you know, I'll be careful when I about that
I don't exactly mean that it's a confirmed break, but it definitely poked its head above this very very long-term line
Let's go to the monthly. We looked at this last week, but this is um, it's actually a very simple line
We have three connection points finally
But it's such an easy easy big broad line to draw. So this is back from 1980
That's where we connect the first point and then the 2011 blow off top for gold
We connect the next point and then we have finally touched that again
So this basically constitutes a rising wedge
Formation and this thing is going to break towards the upside
But as we've talked about so many times before look at the dates down here, right?
That's this thing might take until the end of the decade to actually break above
I don't think it's necessarily going going to take that long
But from just the pure pattern of this chart it could take until the end of the decade, right?
We could have five more years before this thing actually breaks breaks out
Truly truly breaks out. However, I don't think that's going to be the case. I think that um, there's a good chance
That this thing so notice this wick right here. We've already wicked. So the weekly close was right at the line
Um, but the wick got above the line. We actually talked about this last week, too
We said hey
If this thing is going to be bullish and communicate a good chance of breaking sooner rather than later expect to wick up
Maybe for it to come back down do this for a little bit and then to break again
Um, or if it just continues with strength next week and kind of does this and then find support down there
Holy crap. That's the time to put a shitload of money into gold because I mean the thing's just gonna
That kind of chart pattern is like a classic, you know, you break a thing with strength
You come back you test it sellers whatever and then and then you just you you pounce to the upside
Um, so that could be in the cards for gold here that that legitimately could be
After that my next eyeball area would be its purple line and you'll notice this purple line
So again, um, this is like the standard deviation of the moving standard deviation
Which is a bit of a mouthful
I like to call it standard deviation prime because it kind of mimics
Um derivatives where you have like your derivative and your derivative derivative prime
It's a concept. I think I invented. I don't know. Maybe there's some math genius out there that did it before me decades ago
Whatever, um, please don't kind of don't take that as