Topic: [XMR] Monero Speculation - page 1112. (Read 3314330 times)

(bolded)  But Monero usually does this at this time of year    

I checked bitsquare last week and being the idiot I am I couldn't figure out how to buy.  I will definitely avail myself of TheKoziTwo's help and buy some.  Oh good, another excuse to buy at a ludicrous price.  Last ludicrous price was 0.0143 and I blamed my gf.  Even though I gave her 2 chances to question what's going on she still hasn't.  So cute.  Those are still her coins.

Sorry cant really give you guys good replies. Baby asleep on arm.

Really the only universal currency for the universe is energy.

From energy matter can be created or transformed, I'd imagine a sufficiently advanced civilisation to be able to turn dirt into gold, the key ingredient here is enough energy to perform the conversion.

If energy is the baseline currency of the universe, then what comes closer, Bitcoin (or another crypto) or gold?

This just boils down to the energy requirement and abundance of that resource.

There are asteroids full of gold, remember that dying stars make a lot of gold and spread it out among the cosmos.

Gold can be converted from something else, the question is, how long until mining one bitcoin (or one bitcoin worth of transactions) is of the same energy requirement that it takes to convert a lump of dirt into a lump of gold?

That's the thing, an advanced civilisation could take a ton of water and via matter conversion/particle accelerators or advanced almost magical technologies and turn that into a ton of gold.

They can't turn the water into Bitcoin or Monero.

Of course they can try and use their immense resources to break Bitcoins keys or attack the network etc... and again if they succeed comes down to energy.

Sorry for my ramblings.

But yeah, I don't think that Gold will be the universal currency.

Bitcoin is better suited, but an alien society will have it's own crypto.

So really, it's just energy.

So go grab yourself some stars and start charging those Tesla batteries.

If you mean the devaluation of cryptonight, that is part and parcel with post-quantum crypto, in my view.

In last 3 weeks was 1/3 of all XMR volume. And since price is way higher now, that way lot more BTC volume.   This shows us how different trading of Monero is now  as it was in last 2 years.  We simply can't learn from past anymore since is totally new money and new people in XMR right now.


Everyone should use it more. I know changes are not what most people like and Poloniex is just cool but trading on more exchanges just help the coin. If not enough volume people will not bother trading there. Also Polo withdrawal limits. Trading here gives you none.

I agree with all of that.

Worse really.  In the world of penny stocks it is the person who held until the paper was absolutely worthless. It's not a little negative it is all the way negative.  These are the people who the shills and evil minds behind penny stock scams live to relieve of their money.

Two points.  

Alt Coin land is pink sheets on steroids in the unregulated wild west of crypto. The virtual streets here will be three feet deep in the corpses of bagholders.

Second I have no qualms with a person who wishes to hold their entire investment to the end.  But we should not make light of the wise souls who sell to take some profits along the way.

We talk about pumps dumps and bagholders...  Sometimes the irony is to much for me to bear.

Honestly I do not know. 

Today I picked up 11 deposit containers worth 5 cents each.  Yes I did.  I remember when I could get 1 XMR for 5 of them.  Now the going rate is 270 deposit containers for 1 XMR.  Damn.  In today's value each 5 cent deposit container that I redeemed for Monero back then is worth $2.70 now.  Hot damn.

How do we deal with the impending and eventual CPU power hack?

In Wall Street Bagholder has a little bit negative echo (usually people who are buying the pink shares from scam companies of pump and dump schemes).
However, in my terms it is refering to simple buy and hold which is the strategy of millionaires usually.

In relative terms perhaps, but I expect BTC to appreciate for decades yet.  It will fail eventually, unless the tail mining support is established.  Monero will not.  What properties would compel us to adopt an alternative?  Only state dictat, I think, and that will not suffice to displace Monero from its current niche, ever.

I also like some gold coins...And I even own around 10 oz.
That being said, I do not promote to go all in gold. Gold produces nothing and is good only for very short periods (and usually when you want to sell the dealers cannot give you a good rate or are closed because they do not want to buy high).
Most of the assets should be producing cash flow, not standing idle in the vaults of Switzerland. Appartments are giving me nice 10 % ROI and even higher ROE when using debt wisely.

Given that gold can be synthesized with energy, and also may be found is superabundance in asteroids, I think that eventually it will lose value.  Probably not in our lifetimes, barring substantial life extension tech. But I would take the other side of that bet.  And yes, unless they wanted ongoing trade with humans, they would have no use for Monero.

If XMR fails, I have my cash cows.
There is no need for the money, perhaps I want to buy a couple of Chinese Pandas, some Lunars and perhaps a double Eagle gold coins but those do not cost that much money. It is a similar question: what if you become a millionaire/billionaire? In many cases pretty much nothing. Perhaps you eat better lunch etc. but in the end also the wealthy people need to go to the toilet, eat and so on. There is not that much difference in living a life worth of 100 000 or 1000 000.

These things have a life cycle aminorex. Just as bitcoin will likely fade under the scorching light of monero, so too will monero some day.

I'm just curious... you use the word "bagholder" a lot.  Do you know traditionally, in investing, what it means?

Intergenerational wealth transfer is one of the great use cases of Monero.  Imagine if you great grandparents had thought to have a van Gogh delivered to you on your 30th birthday, how you could have improved matters, given that resource...  I plan to pass at least 1000 XMR to each of my grandchildren, should I ever have any.

It's always about gold. In the end. Even if you never buy any, its always about how much you could buy, if you wanted to. Gold is the the tip of the liquidity pyramid. It is timeless, immutable money. It is money as decreed by the laws of nature and the universe its self. Its always about gold.

Maybe this will explain what I mean. I  bet you could buy a space faring vessel from an alien species somewhere with gold. Try doing that with monero or apartments.

Having a selling plan is based on the assumption that you may not hit the top. What if the coin does not get any success?
Only liars sell at the top.

Yes we have some of those Venture capitalists also here convincing the Royal Bagholders to sell to them at low prices.