[XMR] Monero Speculation - page 1097.

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: alphahacktivist on September 10, 2016, 03:07:57 AM

Quote from: TrueCryptonaire on September 10, 2016, 02:57:56 AM

Quote from: ?? on ??

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Sorry for late reply.

A. Always 20 % more than you have. So just keep accumulating (Ego issue).

B. Depends on what time frame is your goal. If you are willing to waite longer, then smaller amount will be just fine. Moneros are very scarce despite tail emission, so even 1 xmr will have decent purchasing power. If you want to get rich sooner, you need more coins. Currently holding a millionaire status you need to have 70 000-80 000 XMR. Next year probably less coins are needed.

any known people holding that much?

I am sure there are people with 80k XMR. Not only one but some. And you can freely call them Whales.

ol92

sr. member

Activity: 445

Merit: 255

Quote from: N-rG on September 10, 2016, 04:32:41 AM

Quote from: rpietila on September 10, 2016, 04:20:52 AM

Quote from: cAPSLOCK on September 10, 2016, 04:09:37 AM

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

Hi,

I'm new in that business here. Can you tell me please what you exactly mean with that?

Thanks

My interpretation :
- shorters (the bears) have invested a lot thinking it will go down (this is obvious when you see the xmr lending market on poloniex) : they will pressure down the price : some people seing price going down will panic sell (especially if some resistance line is broken around 18)
- others (the bulls) may try to squeeze the shorters (push the price with enough btc to force the auto-close of the shorts positions which will automagically push the price higher and force close others shorts and so on

Either way this could be explosive : pop corn advised

medusa13

sr. member

Activity: 453

Merit: 500

hello world

Quote from: N-rG on September 10, 2016, 04:32:41 AM

Quote from: rpietila on September 10, 2016, 04:20:52 AM

Quote from: cAPSLOCK on September 10, 2016, 04:09:37 AM

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

Hi,

I'm new in that business here. Can you tell me please what you exactly mean with that?

Thanks

All those infos you shoud look up yourself in the internet. but im nice today so Kiss

short- you bet on falling prices, borrow xmr to sell it, in the hope to buy it back cheaper (since you must return the xmr you borrowed one day)

long - you bet on higher prices, borrow btc to buy xmr (one day you will also need to sell those xmr to return the btc you borrowed)

explorer

legendary

Activity: 2016

Merit: 1259

Quote from: rpietila on September 10, 2016, 04:20:52 AM

Quote from: cAPSLOCK on September 10, 2016, 04:09:37 AM

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

Bids building, resistance fading, so up pops the wall. Bullish Cool

N-rG

sr. member

Activity: 434

Merit: 250

Quote from: rpietila on September 10, 2016, 04:20:52 AM

Quote from: cAPSLOCK on September 10, 2016, 04:09:37 AM

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

Hi,

I'm new in that business here. Can you tell me please what you exactly mean with that?

Thanks

Blazin8888

hero member

Activity: 672

Merit: 500

Does anyone have any idea when Kraken or other exchanges will add XMR? - curious as to why they are taking so long.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: cAPSLOCK on September 10, 2016, 04:09:37 AM

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

It is quite much shorted, so the stakes are high.

Bagatell

hero member

Activity: 722

Merit: 500

Don't any of you use macd?

cAPSLOCK

legendary

Activity: 3766

Merit: 5146

Note the unconventional cAPITALIZATION!

Coiling up for decision time. We have 20 hours max looks like before it breaks one way or the other.

DaveyJones

hero member

Activity: 768

Merit: 505

Quote from: alphahacktivist on September 10, 2016, 03:07:57 AM

Quote from: TrueCryptonaire on September 10, 2016, 02:57:56 AM

Quote from: ?? on ??

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Sorry for late reply.

A. Always 20 % more than you have. So just keep accumulating (Ego issue).

B. Depends on what time frame is your goal. If you are willing to waite longer, then smaller amount will be just fine. Moneros are very scarce despite tail emission, so even 1 xmr will have decent purchasing power. If you want to get rich sooner, you need more coins. Currently holding a millionaire status you need to have 70 000-80 000 XMR. Next year probably less coins are needed.

any known people holding that much?

Here take a look if you find someone http://moneroblocks.info/richlist

coinism

sr. member

Activity: 700

Merit: 250

Quote from: alphahacktivist on September 10, 2016, 03:07:57 AM

Quote from: TrueCryptonaire on September 10, 2016, 02:57:56 AM

Quote from: ?? on ??

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Sorry for late reply.

A. Always 20 % more than you have. So just keep accumulating (Ego issue).

B. Depends on what time frame is your goal. If you are willing to waite longer, then smaller amount will be just fine. Moneros are very scarce despite tail emission, so even 1 xmr will have decent purchasing power. If you want to get rich sooner, you need more coins. Currently holding a millionaire status you need to have 70 000-80 000 XMR. Next year probably less coins are needed.

any known people holding that much?

haven't heard of anybody disclosing their monero wealth openly. big holders that is.

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: medusa13 on September 10, 2016, 01:54:17 AM

Quote from: nanobrain on September 10, 2016, 01:42:35 AM

Quote from: medusa13 on September 10, 2016, 12:17:49 AM

this auto donating feature allready exists in the GUI wallet Kiss

I thought we were still waiting for a gui wallet -- did i miss something?

its not out yet, dont worry, you didnt miss anything

i just thought a screenshot shows better how the auto-donation feature is intended to work.

but beta will be out soon!

Cool, thanks -- looks good and I look forward to road testing!!

alphahacktivist

full member

Activity: 235

Merit: 100

Quote from: TrueCryptonaire on September 10, 2016, 02:57:56 AM

Quote from: ?? on ??

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Sorry for late reply.

A. Always 20 % more than you have. So just keep accumulating (Ego issue).

B. Depends on what time frame is your goal. If you are willing to waite longer, then smaller amount will be just fine. Moneros are very scarce despite tail emission, so even 1 xmr will have decent purchasing power. If you want to get rich sooner, you need more coins. Currently holding a millionaire status you need to have 70 000-80 000 XMR. Next year probably less coins are needed.

any known people holding that much?

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: ?? on ??

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Sorry for late reply.

A. Always 20 % more than you have. So just keep accumulating (Ego issue).

B. Depends on what time frame is your goal. If you are willing to waite longer, then smaller amount will be just fine. Moneros are very scarce despite tail emission, so even 1 xmr will have decent purchasing power. If you want to get rich sooner, you need more coins. Currently holding a millionaire status you need to have 70 000-80 000 XMR. Next year probably less coins are needed.

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: shmadz on September 09, 2016, 11:44:19 PM

Quote from: opennux on September 09, 2016, 01:48:09 PM

Quote from: Billy Bunter on September 09, 2016, 10:18:17 AM

Quote from: sparky999 on September 09, 2016, 10:06:56 AM

Can we start a fund to raise capital for a full time developer or two perhaps?

I think that's a good idea but it's one that would probably be better voiced within the reddit subreddit.

The forum on getmonero.org has a fantastic funding system. Several developers has been paid through this. So far notably moneromoo and also the GUI development etc.

I've donated a (probably too small) amount to the GUI fund effort from several months ago, but I wonder...

What does everyone think about some small amount per transaction being paid directly to the developers of the wallet? Monero transaction already have pretty heavy fees, (didn't used to be a big deal, but last time I saw 0.2 fee for polo withdraw and I never noticed it before because, well, you would be transferring thousands at a time. Most recently I noticed and thought, "hey, that's like 2 bucks" )

I think it would be acceptable, perhaps preferable, if there were a 0.01 transaction fee tacked on to each and every transaction to be paid to the developer(s) -

Labor of love and altruistic behavior is nice, but the people that contribute should be rewarded, greatly.

*edit for thoughts of transacting fees* = I think the relatively large transaction fees (in relation to bitcoin fees) plus the tail end issuance makes Monero a much better candidate to maintain sustainable security of the blockchain over a longer term. --- side question: does Monero offer opp codes or some other method of embedding data or hashes of data? I'm wondering now if Monero might be actually more immutable than bitcoin over the longer term, like 20 plus years...

I prefer 1 % of block rewards being channeled to the developers. Last time I calculated the daily mining rewards it was 7700 XMR so 1 % represents 77 XMR which should be more than enough with the current prices. Even smaller percentage might be enough especially if the price grows in the future.

medusa13

sr. member

Activity: 453

Merit: 500

hello world

Quote from: nanobrain on September 10, 2016, 01:42:35 AM

Quote from: medusa13 on September 10, 2016, 12:17:49 AM

this auto donating feature allready exists in the GUI wallet Kiss

I thought we were still waiting for a gui wallet -- did i miss something?

its not out yet, dont worry, you didnt miss anything

i just thought a screenshot shows better how the auto-donation feature is intended to work.

but beta will be out soon!

nanobrain

legendary

Activity: 1008

Merit: 1000

Dumb broad

Quote from: medusa13 on September 10, 2016, 12:17:49 AM

this auto donating feature allready exists in the GUI wallet Kiss

I thought we were still waiting for a gui wallet -- did i miss something?

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: medusa13 on September 10, 2016, 12:17:49 AM

this auto donating feature allready exists in the GUI wallet Kiss

Ok, I'll shut up now. Tongue

medusa13

sr. member

Activity: 453

Merit: 500

hello world

this auto donating feature allready exists in the GUI wallet Kiss

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: opennux on September 10, 2016, 12:03:27 AM

Quote from: shmadz on September 09, 2016, 11:44:19 PM

Quote from: opennux on September 09, 2016, 01:48:09 PM

Quote from: Billy Bunter on September 09, 2016, 10:18:17 AM

Quote from: sparky999 on September 09, 2016, 10:06:56 AM

Can we start a fund to raise capital for a full time developer or two perhaps?

I think that's a good idea but it's one that would probably be better voiced within the reddit subreddit.

The forum on getmonero.org has a fantastic funding system. Several developers has been paid through this. So far notably moneromoo and also the GUI development etc.

First of all, the funds from the forum system is only released after work well done. Secondly when "smart-mining" arrives it is supposed to incorporate an easy setting to choose if you want to mine to the dev address or your own. Thirdly, the transaction-fee needs to adjust in accordance to XMR buying power, and needs to do so automatically - no arbitrary changes as it is now, but I don't think anyone has any concrete ideas as of now. http://monero.stackexchange.com/questions/1246/how-does-moneros-transaction-fees-change-according-to-price

Thanks, good to know , but I still know that I will gladly pay a small per-transaction fee to the dev team of any one that finally gets that gui to be a reality, and I'm sure I'm not the only one.

Releasing funds based on goals achieved is ok, I guess, but in my experience software is a living thing and requires on-going maintenance. As someone who sells and supports software, i much prefer the periodic licensing model, and I personally think it promotes the proper incentives to attract and retain talented people.

*I didn't mean to make that all about the gui. I feel the same way about ensuring that there is a sustainable funding model for everyone involved in this project. Altruism is great, but by properly incentivizing contributors at all levels, miners, developers, and yes,, even fluffy ponies, we have a chance to build something that can be sustainable and stand the test of time.

Topic: [XMR] Monero Speculation - page 1097. (Read 3314330 times)