Topic: [AEON] Aeon Speculation - page 73. (Read 190166 times)

It's also worth saying that the use of limit orders should probably be the tool of choice here. There's no real logical reason (yet) for the frantic use of market orders. Flapping around in relatively low-liquidity could prove costly, as opposed to quite literally buying-your-time.

Having said that, a mere purchase of 10,000 AEON would yield a handsome return of 100BTC if Aeon was ever to match Monero's high. Given the similar emission curves and growing community support, it's a completely logical outcome that should be expected.

The volume seems to run around 0.5-1 BTC/day or so, with occasional higher spikes. The liquidity is okay for trades up to about that size but if you want to trade bigger, you are going to move the market (temporarily at least), as pegasus and others have experienced.

That's American Pegasus and he's on the record that he's done buying (which I believe since he's a stand-up guy and it doesn't match his public nature). Also, owning all the aeon would be counter productive unless he plans on using it to fund development, but again, why do it out of the public eye when all his other purchases were announced with a lot of fanfare?

Its the guy with largest wallet on trex. he has 400k aeon second one 175k coins.

Or could be the same one fooling around.

Anyway, how's the daily trading volume and liquidity of Aeon?

200k AEON changed owners few hours ago.

 
  
Being able to stand the test of time is one of the most important characteristics of any social web.  An idea must be malleable in order to do this; if Christianity had not changed to suit the needs of the populace, it likely wouldn't have lasted the 2000 years that it has.  
  
The true brilliance of the Representative Democracy of the United States was that it admitted upon formation that perhaps it didn't have everything right - and included mechanisms to change over time if necessary.  The USA wouldn't have lasted past the Civil War had these not been included.  This was a huge advantage over the traditional and rigid monarchies (and we can see how this idea of malleable representative democracy is spreading throughout civilization now).  
  
As long as a currency can walk the fine line between being able to change with the times and 'standing for something' then it has a bright future.  
  
It also needs to be understood that the classic concept of a 'century' is accelerating.  What took from 1600 to 1700 to occur now happens in 20 years or less.  In many ways the world of 2015 is as alien to the world of 1995 as 1700 was to 1600.  As we go forward this leap will happen faster and faster and money, language, and religion will need to keep up if they hope to stay relevant.  
  
It's likely the next 'century' will only last 15 years.  The world of 2030 may be a strange and alien place to us humble folk from 2015.  Let's hope (and work towards ensuring that) Cryptonote based coins like Aeon can stand the test of time.

It is interesting to look at historical snapshots of market position and see what has passed the test of time, DOGE being one of them:

https://coinmarketcap.com/historical/20141228/

You are right. There are a lot of things to be learned about branding and community from Dogecoin.

Yes, you're right. If only Friedrich Hayek were alive to see this day... [ Ref: https://mises.org/library/hayeks-plan-private-money  ]

Definitely! Despite it being proclaimed 'dead', Litecoin keeps chugging along. Despite it being razzed as a 'joke', Dogecoin's ecosystem is the biggest in in altcoin land in terms of participation. And these two examples are only off the top of my head.

As the Dogecoin example indicates, all you really need is a special kind of branding: a sort of 'club' that certain folks are happy to be members of.

 
  
No, I have acquired all the Aeon I plan to and will not engage in any market manipulation or posturing (nor have I previously).  That buy wall is someone else.

Nice post.  I am optimistic about Aeon too but think it is very likely Monero will remain the market leader.

One question: is the 10btc buy wall for Aeon yours? Feel free to ignore the question if you want to remain private about it. I just don't see why one person would need that many coins (if indeed it is you since you already have so many).

We are at the dawn of what may be only the second 'true' global money ever encountered by humanity (the first being gold). 
 
I use the word 'true' in the sense that no human or small group of humans has direct access to control it, which if crypto becomes as big as we hope - will be the reality. 
 
It would be silly to think that humans, who have quibbled over all manner of small details in their beliefs and social structures throughout the ages, would suddenly all unite under one common banner in this new financial universe of 'cryptocurrency'. 
 
No, the reality will be far messier: there will be many competing standards and networks of value.  Some will be more valuable than others, but just as there is not one universal language or one universal religion there will not be one universal money.   
 
It is likely that Monero may become the dominant network by size, but there is still plenty of room for Aeon.  In fact, I can imagine some scenarios where even though Monero may have a larger network Aeon still carries higher value.  I can also imagine scenarios where Aeon may overtake a sluggish Monero which cripples itself by becoming too dependent on a variable that users are resistant to change (like the blocksize issue in the current Bitcoin network). 
 
I do agree - the future is very bright and I sense some monumental things on the horizon for cryptocurrency, and Aeon by association.

This is also my opinion. There is room for more than one successful CryptoNote coin.

The buy wall also moved up in price slightly since the last time I looked from .000019 or so (according to my memory) to .000021 now

Looks like somebody made a nice little 10 BTC buy wall

ftfy 

Its a chance to own a bit of crypto history and be part of the AEON early adopters. We think AEON has a very bright future!