Topic: [AEON] Aeon Speculation - page 36. (Read 190166 times)

Who cares? Hitbtc volume is ~0 BTC. It's mostly IOU scam exchange.


Yes.


it's a bitcoin fork with bolt on tor. Blockchain is transparent. But there is an army of brain damaged people.


Right.

The less than $5 comment was with the bittrex wallet closed - it's open now so that adds another positive variable though I do think hitbtc wallet might be down for maintenance?

I think aeon's price, simply due to its mission and even its current ability to achieve that mission, is worth significantly more than $5

As to the Verge observation: I think Aeon is a real coin with very useful/practical goals. Verge looks like a coin that aims to provide a lot of the same things xmr/aeon etc does but it looks like it does it in a way that is very superficial.

I know nothing of Verge coin other than what I read in the last 5 minutes googling it though I understand its approach (I think).....

It sounds like Verge gives the user a false sense of security but Verge can "say" that it's "secure" because it uses a "secure" connection mechanism while not telling you that what is being written to the blockchain isn't even remotely secure.

It's like saying that the .380 ACP (Verge) is the same as the .357 sig (XMR/Aeon) because they shoot the same projectile... ask the US secret service if they agree with that assessment.

Also I would think the tor/vpn type approach would create a lot of unnecessary connection overhead.....
edit: Thought about it a bit more... wouldn't tor approach also be redundant if you're already under a VPN?

Anyway, at the end of the day it comes down to market education... and that can happen the easy way (discussion and debate) or the hard way (getting caught with your pants down).

Just my $0.02...

@nutsnax. I was thinking the same but the bids and the asks in HitBTC are too low to make arbitrage rewarding. The volume has also gone down to its normal 2 - 3 bitcoins per 24h on a good day.

@jwinterm. Marketing and millions, something Aeon does not have. But that does not matter. Monero has shown us that good hard work still pays.

And yet...Donald Trump is President and every half ass ICO makes bank.

I agree with > $2 sentiment. But disagree with less than $5.
For example a useless shitcoin called Verge has 3x market cap than Aeon. Aeon offers real privacy and literate community of users and developers. Verge offers nothing but army of brain damaged people.

Bittrex wallet is online now.

I think the fact that the btrex is, essentially, a completely isolated market for AEON is causing major price distortions (in both directions) though I do think the overall pump is due to increased interest in the coin.

I don't think anyone can really even speculate on aeon pricing until the wallet opens back up on bittrex. But my gut is that aeon is worth more than $2 but less than $5 at this point.... It has value and is a viable coin.

potentially major short-lived arbitrage opportunity once the wallet opens back up though!

Edit: clarification... I think it's worth more than 2 but less than 5 at this point prior to any rebase... after that who knows.

The correction is here just as we expected. The people questioning Aeon's price ascension will now follow. They will use the same strategy of comparing it with Monero and they will ask why there is a need for another anonymous coin like Aeon.

Those people do not know anything about Aeon and the roadmap laid by smooth. They are there only to spread fud.

funny. something like a poem.
you can verify by my previous posts on 641696: was there long ago before the pump.

You are? But where were you before the pump? I did not see you anywhere.

Your account also appears to be behaving like a farmed account just by looking at the activity and no. of posts you have. I helped rizlarolla in finding farmed accounts in bitcointalk, so I know what a farmed account looks like. If you really are, please do not spam this thread. Thank you.

The website redesign and mock up looks really nice!  Again, definitely don't mind that silly blurb going away - it was a couple of years ago and was just having fun.  If the path forward for Aeon is to be a global protocol, it shouldn't need a "slick pitch". 

Projecting the price up from the Fibbonacci retracement levels, via our first rise up, I'm looking for .001 to .0013 (Which equates to my price predictions above, $4.30-$5.59), looks like this:

Fair point but let's look further. HitBTC is at $2.26 right now and at $2.70 on Bittrex - Though I don't trust HitBTC that much though - I stay away and won't put too much into the price disparity (yet).

Looking further:
BTC is $4300 and LTC is $54. (80:1 ratio)
BTC Market Cap is 71.5 Billion and LTC is 2.9 Billion = 25:1 ratio
Dash is $323 and Pivx is $3. (108:1 ratio)
Dash Market Cap is 2.5 Billion and Pivx is 166 million = 15:1 ratio
Monero is $94 and Aeon is $2.70 (35:1 ratio)
Monero Markt Cap is 1.4 Billion and Aeon is 39 million = 36:1 ratio

Price is more psychological (albeit still meaningful) but Market Cap is more practical here when trying to determine true value (e.g. companies, cryptos, etc.) So, on the surface - Market Cap wise, I'd say Aeon is quite undervalued relative to some other Cryptos (ratio wise) BUT this is dependent on Aeon full-filling the promise of what it will do technically (e.g. running on a cell phone). Perhaps the price is fair all things considered - risk is priced in, but considering our developer Smooth, I like our chances. (BTW - I understand Dash is getting away from anonymity and focussing more on payments, but for the sake of comparison, I came up with these examples; add to them if you wish.)

Projecting the price out, using an average 20:1 ratio would put us at a $70 million dollar cap,  which equates to a price of $4.78 per Aeon.
So, we are looking at a double from here. But to be safe, we can say a range of maybe $3 to $7, as this isn't a science. Now, of course, we have to consider, how important will anonymity become? Will LTC implement Confidential Transactions and what would that effect be? (I say small as CT is not Ring Signatures good.)

Jump in here guys.

IAS

whatever technical analysis, we are interested in the substance of aeon.

A Cup and handle formation is coming. I reckon some traders will start selling some Aeon soon to take some profit. Be careful, some people will start making FUD when that correction comes. Do not believe them. A correction is a natural occurrence in ascending markets.

If and when the non-private "Bitcoin" blockchains are hit with massive investigations (arrests, fines) as exposed by Wikileaks, since I do not think any government agency will report the fact that they have apps that can trace all transactions, I think that these public blockchains will persist.

It is only when investors choose to trust the private math, sort of how we all trust pocket calculators to arrive at the correct answers, that Monero and AEON will take off.

Not to sure about Bytecoin, but it does have a professional GUI.

What is also curious is that many other 'coins' sell the sizzle and not the steak. I think that opposite applies here.

I mean, how many times have you see awesome graphics, but no substance -- then no coin?

Or just the opposite, like Vcash, but surrounded by clouds of FUD?

After many many months AEON is back in TOP100 Crypto. Considering only coins is more like in top50.
AEON is just returning where it belongs.

ARISE CHIKUNNN!

Monero rebase happened Jan 1st 2016. And 2016 was year of Monero.  If AEON rebase gets implemented Jan 1st 2018 then 2018 could be a year of AEON.

I'm aware of the new release but it still doesn't change the fact that so little Aeon is on Bittrex that can be bought. I'll wait to see what happens once deposits and withdrawals are re-enabled on Bittrex. If this holds, then yes this is a legit pump.

new version 0.9.13.0 just released by smooth.