rpietila Altcoin Observer - page 227.

pandacoin

legendary

Activity: 1554

Merit: 1000

Quote from: rpietila on June 16, 2014, 03:43:05 PM

Hopefully nobody bought QCN. Don't think it's going to rise again...

It was a typical pump&dump coin.

Monero made us happy. What's your shot term value expectation? I remember you said "I don't buy with 0.01 BTC price." What's the selling point for short term?

rpietila

donator

Activity: 1722

Merit: 1036

Hopefully nobody bought QCN. Don't think it's going to rise again...

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: tacotime on June 16, 2014, 01:01:36 PM

Quote from: rpietila on June 16, 2014, 12:54:03 PM

Which part of the quote do you doubt?

This part:

Quote

This is a good thing for the coin, and I would say definitely better than if it was cheap for a long time and then shot up in price. In the latter case it would be effectively premine from the late entrants' point of view and it might be rejected, similarly as I reject all the coins that are more than 10% mined when I hear about them.

I guess it depends on how you qualify cheap though -- Bitcoin's price was obscenely cheap early on. I guess I wasn't sure if you were referring to Monero as being like this, though.

I was saying that Monero has a slow emission schedule, which is good. But if the price stays low until nearly all have been mined, and then shoots up, the coin can be perceived to be a premined coin*, meaning that the benefit is lost. In this respect, it is good that the price goes up in the meantime instead of going down.

*) Quark is an example of an effective premine masquerading as a legit mining period.

human

full member

Activity: 197

Merit: 100

Quote from: slapper on June 16, 2014, 02:09:41 PM

I just think it is the discovery about the coin leading to a genuine interest in accumulating XMR at this stage. It doesn't feel like an artificial/manipulated pump.

It feels like Bitcoin early on. Just better.

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

Just overtook XC in overall marketcap. Come on, why did it even take this long!

I just think it is the discovery about the coin leading to a genuine interest in accumulating XMR at this stage. It doesn't feel like an artificial/manipulated pump.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: Its About Sharing on June 16, 2014, 01:51:13 PM

Quote from: tacotime on June 16, 2014, 11:29:28 AM

Quote from: pandher on June 15, 2014, 05:57:30 AM

Quote from: Its About Sharing on June 15, 2014, 05:31:55 AM

Anyone watching Monero (XML) lately? Wow, it has been up to almost .005 BTC. There are rumors of Mintpal implimentation, might be a part of it.
Thanks to those who mentioned it, started picking some up at .0026, bit more at .0038-.0041. I feel ok in this range.

Mintpal anticipation

I'm not sure we should care so much about mintpal
Mintpal DRK 24h Volume 395.119 BTC
Poloniex XMR 24h Volume 475.91 BTC

Quote

Higher price gives more resources to the devs (who are typically large holders) and early investors, and makes all holders happy. This is a good thing for the coin, and I would say definitely better than if it was cheap for a long time and then shot up in price. In the latter case it would be effectively premine from the late entrants' point of view and it might be rejected, similarly as I reject all the coins that are more than 10% mined when I hear about them.

I doubt it, there's still massive amounts of inflation (~23,040 coins to miners each day).
http://monerochain.info/charts/coins

It's not until 2-3 years in that we'll likely see obscene increases in price given simple economics.

I'm really curious where this volume is coming from. Due to the distribution, it doesn't make a whole lot of sense to be trying to grab so much so soon, unless... Wink

Any ideas?

I believe some of the volume that found its way to MRO is related to the DRK's primary buyer, who then also bought XC and also bought a few MROs as well in the prior spike to 0.008, probably hedging his options. The current run is more of a mystery to me.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: tacotime on June 16, 2014, 11:29:28 AM

Quote from: pandher on June 15, 2014, 05:57:30 AM

Quote from: Its About Sharing on June 15, 2014, 05:31:55 AM

Anyone watching Monero (XML) lately? Wow, it has been up to almost .005 BTC. There are rumors of Mintpal implimentation, might be a part of it.
Thanks to those who mentioned it, started picking some up at .0026, bit more at .0038-.0041. I feel ok in this range.

Mintpal anticipation

I'm not sure we should care so much about mintpal
Mintpal DRK 24h Volume 395.119 BTC
Poloniex XMR 24h Volume 475.91 BTC

Quote

Higher price gives more resources to the devs (who are typically large holders) and early investors, and makes all holders happy. This is a good thing for the coin, and I would say definitely better than if it was cheap for a long time and then shot up in price. In the latter case it would be effectively premine from the late entrants' point of view and it might be rejected, similarly as I reject all the coins that are more than 10% mined when I hear about them.

I doubt it, there's still massive amounts of inflation (~23,040 coins to miners each day).
http://monerochain.info/charts/coins

It's not until 2-3 years in that we'll likely see obscene increases in price given simple economics.

I'm really curious where this volume is coming from. Due to the distribution, it doesn't make a whole lot of sense to be trying to grab so much so soon, unless... Wink

Any ideas?

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: rpietila on June 16, 2014, 12:54:03 PM

Which part of the quote do you doubt?

This part:

Quote

This is a good thing for the coin, and I would say definitely better than if it was cheap for a long time and then shot up in price. In the latter case it would be effectively premine from the late entrants' point of view and it might be rejected, similarly as I reject all the coins that are more than 10% mined when I hear about them.

I guess it depends on how you qualify cheap though -- Bitcoin's price was obscenely cheap early on. I guess I wasn't sure if you were referring to Monero as being like this, though.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: tacotime on June 16, 2014, 11:29:28 AM

Quote

Higher price gives more resources to the devs (who are typically large holders) and early investors, and makes all holders happy. This is a good thing for the coin, and I would say definitely better than if it was cheap for a long time and then shot up in price. In the latter case it would be effectively premine from the late entrants' point of view and it might be rejected, similarly as I reject all the coins that are more than 10% mined when I hear about them.

I doubt it, there's still massive amounts of inflation (~23,040 coins to miners each day).
http://monerochain.info/charts/coins

It's not until 2-3 years in that we'll likely see obscene increases in price given simple economics.

Which part of the quote do you doubt?

pandher

legendary

Activity: 952

Merit: 1000

Stagnation is Death

Quote from: tacotime on June 16, 2014, 11:29:28 AM

Quote from: pandher on June 15, 2014, 05:57:30 AM

Quote from: Its About Sharing on June 15, 2014, 05:31:55 AM

Anyone watching Monero (XML) lately? Wow, it has been up to almost .005 BTC. There are rumors of Mintpal implimentation, might be a part of it.
Thanks to those who mentioned it, started picking some up at .0026, bit more at .0038-.0041. I feel ok in this range.

Mintpal anticipation

I'm not sure we should care so much about mintpal
Mintpal DRK 24h Volume 395.119 BTC
Poloniex XMR 24h Volume 475.91 BTC

Yes, we shouldn't, but most of traders are buying up now because of the much awaited 'grand' exchange opening. The price just shot up when XMR got listed on the voting page, it was stable before at 0.002 range. It all looks like a pump now.

I agree we are not going to see any moon landing before 2 years when the supply should start drying up

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: Apraksin on June 16, 2014, 11:19:27 AM

When we're on the topic of privacy coins, how come no one talks about anoncoin? The zerocoin implementation should be finished within the foreseeable future. Also it's dirt cheap at the moment.

There is a reason it's dirt cheap. Market sentiment clearly indicates a complete lack of faith in Gnos1s ability to complete ZC within the estimated time frame. This is no surprise, he already has broken the last 2 estimates that were made. If you believe (or know) that he will succeed, then indeed, this is a great opportunity, but if he fails, the coin really won't have much value left. The real ZC is right around the corner, how is ANC supposed to compete with them if they launch last?

I'm personally invested in both monero and anoncoin (big mistake), but monero has a working implementation and all the attributes that makes it a good crypto currency, anoncoin on the other hand is currently just a set of vague estimations and promises that may never come to fruition.

tacotime

legendary

Activity: 1484

Merit: 1005

Quote from: pandher on June 15, 2014, 05:57:30 AM

Quote from: Its About Sharing on June 15, 2014, 05:31:55 AM

Anyone watching Monero (XML) lately? Wow, it has been up to almost .005 BTC. There are rumors of Mintpal implimentation, might be a part of it.
Thanks to those who mentioned it, started picking some up at .0026, bit more at .0038-.0041. I feel ok in this range.

Mintpal anticipation

I'm not sure we should care so much about mintpal
Mintpal DRK 24h Volume 395.119 BTC
Poloniex XMR 24h Volume 475.91 BTC

Quote

Higher price gives more resources to the devs (who are typically large holders) and early investors, and makes all holders happy. This is a good thing for the coin, and I would say definitely better than if it was cheap for a long time and then shot up in price. In the latter case it would be effectively premine from the late entrants' point of view and it might be rejected, similarly as I reject all the coins that are more than 10% mined when I hear about them.

I doubt it, there's still massive amounts of inflation (~23,040 coins to miners each day).
http://monerochain.info/charts/coins

It's not until 2-3 years in that we'll likely see obscene increases in price given simple economics.

tupelo

member

Activity: 99

Merit: 10

Yes yes Monero has truly been a generous giver so far

Anyway, I am beginning to get cautious and already sold my stash for now. Good luck to all supporters

Apraksin

sr. member

Activity: 420

Merit: 251

Moon?

When we're on the topic of privacy coins, how come no one talks about anoncoin? The zerocoin implementation should be finished within the foreseeable future. Also it's dirt cheap at the moment.

pönde

full member

Activity: 308

Merit: 109

Quote from: rpietila on May 25, 2014, 02:02:40 AM

Okay, there was a reason why I wrote on alts. Cause I have just made my first altcoin investment ever! Monero has a trait which pretty much all other alts lack: slow and geometrically decreasing issuance.

Hello Risto.
How do you store your Monero? Mac or Windows? Would you offer any Monero holding services?

I am Linux user and have been unable to install working Monero wallet, not daemon or GUI. Can anyone help on this? Are Monero-wallets easy to install on Mac or Windows? I would not trust much on exchanges or on-line-wallets but is there anyway anything at least somehow reliable ones available?

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: EFS on June 16, 2014, 03:46:33 AM

I'm watching Monero closely. Do you think this rising price is healthy for Monero's long term value?

Higher price gives more resources to the devs (who are typically large holders) and early investors, and makes all holders happy. This is a good thing for the coin, and I would say definitely better than if it was cheap for a long time and then shot up in price. In the latter case it would be effectively premine from the late entrants' point of view and it might be rejected, similarly as I reject all the coins that are more than 10% mined when I hear about them.

EFS

staff

Activity: 3822

Merit: 2123

Crypto Swap Exchange

I'm watching Monero closely. Do you think this rising price is healthy for Monero's long term value?

saddambitcoin

legendary

Activity: 1610

Merit: 1004

Quote from: pandacoin on June 15, 2014, 03:20:18 PM

Rpietila, what do you think about short term value of XMR? Can we expect a dump after coin is added to Mintpal?

bullish pennant forming on XMR

i suspect next level of resistance will be 7.5 mBTC

target - 1 ~~week~~ day

edit: monero is #4 and rising on mintpal

pandacoin

legendary

Activity: 1554

Merit: 1000

Rpietila, what do you think about short term value of XMR? Can we expect a dump after coin is added to Mintpal?

bananahunter67

sr. member

Activity: 378

Merit: 265

AUR was one of the biggest scams ever Cheesy

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