[XMR] Monero Speculation - page 1231.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: s1gs3gv on July 22, 2016, 04:50:53 PM

Quote from: TrueCryptonaire on July 22, 2016, 04:42:14 PM

I think the weakness of Monero is the constant inflation.

I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.

People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: s1gs3gv on July 22, 2016, 04:49:33 PM

Quote from: aminorex on July 22, 2016, 04:46:11 PM

Explain to me again how people buying BTC to trade for ETH brings BTC down?

again ? i have btc, i trade it for eth. btc demand goes down, eth demand goes up.

~LOL~

But your example has nothing to do with fiat price where there are on and off ramps for BTC<-> fiat.

BTC doesn't go "down" because people buy ETH with BTC...in fact it helps grow BTC's utility by being able to buy ETH.

Not the reverse.

aminorex

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Sine secretum non libertas

So far, higher highs and higher lows since May 31.

generalizethis

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Facts are more efficient than fud

Quote from: iCEBREAKER on July 22, 2016, 07:34:34 PM

Quote from: mining1 on July 22, 2016, 12:18:05 PM

I didn't say it is dead, i'm saying theres nothing special about it, no pump potential be it artificial or well deserved. No chance to be used alongside bitcoin, or after it dies, because it would have to wait in a really long waiting line. So, it's good only for speculation, but unless youre a day trader, i dont see why would you invest in it. It's like investing in trumpcoin, no real profit potential unless theres a blatant manipulation and you exit in time.

There is something "special about"

-100% fungibility
-ASIC resistant PoW
-RingCT
-Kovri
-working dynamic blocksize
-tail emission

Monero can't be dead yet, because it hasn't been born. We've been in labor for months, so expect a delivery Soon. Cool

For anyone who is lurking or watching from the sidelines, dedicated purveyors of standards are the real test for any product--if people will search it out, research it, measure risk/reward, take the time to criticize the burgeoning product in thoughtful and productive ways--well, then you have your market research laid out before you....and guess what, it was vetted, concise, and free. If you can't figure it out, it's because you weren't meant to.

It's like selling housing shorts in 2007.

iCEBREAKER

legendary

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Crypto is the separation of Power and State.

Quote from: mining1 on July 22, 2016, 12:18:05 PM

I didn't say it is dead, i'm saying theres nothing special about it, no pump potential be it artificial or well deserved. No chance to be used alongside bitcoin, or after it dies, because it would have to wait in a really long waiting line. So, it's good only for speculation, but unless youre a day trader, i dont see why would you invest in it. It's like investing in trumpcoin, no real profit potential unless theres a blatant manipulation and you exit in time.

There is something "special about"

-100% fungibility
-ASIC resistant PoW
-RingCT
-Kovri
-working dynamic blocksize
-tail emission

Monero can't be dead yet, because it hasn't been born. We've been in labor for months, so expect a delivery Soon. Cool

nioc

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Quote from: TrueCryptonaire on July 22, 2016, 04:42:14 PM

I think the weakness of Monero is the constant inflation. The idea of coins being mined for ever doesn't incentify adaption for people who want to preserve their wealth.
Monero is much like Doge coin but lower inflation percentage. To maintain any value people need to buy coins on constant basis (like in fiat - to maintain the value there need to be economic growth which hopefully exceeds the rate of inflation).

It's 432 coins a day which doesn't seem like much. I'm sure you must be aware that that 432 coins is intended to both incentivize mining better than 0 coins and I believe it's needed for the adaptive blocksize.

At 0 coins produced the supply will eventually tend towards 0 because as aminorex pointed out there is some unusable dust (not so much going forward) as well as the inevitable loss of coins.

It's a well know fact that many untold thousands of coins have already been lost in boating accidents.

luigi1111

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Quote from: GingerAle on July 22, 2016, 01:27:40 PM

Quote from: mining1 on July 22, 2016, 12:18:05 PM

I didn't say it is dead, i'm saying theres nothing special about it, no pump potential be it artificial or well deserved. No chance to be used alongside bitcoin, or after it dies, because it would have to wait in a really long waiting line. So, it's good only for speculation, but unless youre a day trader, i dont see why would you invest in it. It's like investing in trumpcoin, no real profit potential unless theres a blatant manipulation and you exit in time.

Another demonstration of a lack of understanding of fungibility and the fact that Monero (and some of its cryptonote family members) are the only functioning fungible* cryptocurrencies.

* - caveat of blockchain temporal association and ip broadcasting problems. The latter easily fixable with i2p, the former somewhat fixable with RingCT and maybe some better output selection algorithms? I speculate that someone has a really good solution to this problem and aint telling anyone.

RingCT almost perfectly fixes that, since only one output per tx goes to a single destination. Better output selection now could also diminish the effects significantly.

TrueCryptonaire

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Quote from: aminorex on July 22, 2016, 05:04:14 PM

Yeah, liquidity tends to dry up before a big move. Liquidity impedes motion, like running in deep surf

BTC seems oversold now.

The weak hands need to be shaken and they need to have cash so that they have money to buy their coins back on the Moon.

aminorex

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Sine secretum non libertas

Yeah, liquidity tends to dry up before a big move. Liquidity impedes motion, like running in deep surf

BTC seems oversold now.

TrueCryptonaire

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Quote from: aminorex on July 22, 2016, 04:52:59 PM

Quote from: TrueCryptonaire on July 22, 2016, 04:42:14 PM

I think the weakness of Monero is the constant inflation. The idea of coins being mined for ever doesn't incentify adaption for people who want to preserve their wealth.
Monero is much like Doge coin but lower inflation percentage. To maintain any value people need to buy coins on constant basis (like in fiat - to maintain the value there need to be economic growth which hopefully exceeds the rate of inflation).

How much XMR will be lost to dust and misplaced keys each year?

I have no idea. Mainly it is traded back and forth in exchanges, and it is very unlikely to see the ATH anymore. Do not get me wrong, I want to see it but it is not probable, only very few people are trading here with Aminorex (that can be seen on the trading volumes).

aminorex

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Sine secretum non libertas

Quote from: TrueCryptonaire on July 22, 2016, 04:42:14 PM

I think the weakness of Monero is the constant inflation. The idea of coins being mined for ever doesn't incentify adaption for people who want to preserve their wealth.
Monero is much like Doge coin but lower inflation percentage. To maintain any value people need to buy coins on constant basis (like in fiat - to maintain the value there need to be economic growth which hopefully exceeds the rate of inflation).

How much XMR will be lost to dust and misplaced keys each year?

s1gs3gv

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ex uno plures

Quote from: TrueCryptonaire on July 22, 2016, 04:42:14 PM

I think the weakness of Monero is the constant inflation.

I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.

aminorex

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Sine secretum non libertas

Quote from: mining1 on July 22, 2016, 02:48:08 PM

So it has more appeal to black market / criminal activities ? Well that ain't enought to boost the price, which is why everyone is here. It's hard to steal btc's capital with " hey, come over here, we are more sneaky" . Am i really the only one that thinks teh market for cryptos that aim to become payment systems / store of value is oversaturated ? Bitcoin itself isn't widely adopted, imagine other coin's chances..

SR took BTC to $100. Keeping your freedom has significant value.

s1gs3gv

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ex uno plures

Quote from: aminorex on July 22, 2016, 04:46:11 PM

Explain to me again how people buying BTC to trade for ETH brings BTC down?

again ? i have btc, i trade it for eth. btc demand goes down, eth demand goes up.

~LOL~

aminorex

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Sine secretum non libertas

Quote from: s1gs3gv on July 22, 2016, 10:56:54 AM

Quote from: sandiman on July 22, 2016, 10:20:45 AM

BTC just broke the end of the triangle (APEX) formed since last big dump downward, this would imply that upward breakout was fake and we might go south soon. Everyone grab some popcorn, bears and bulls will fight hard

That is likely to be the effect of BTC moving into ETH now. ETH is going to be sucking the oxygen out of the room for a while imo.

Explain to me again how people buying BTC to trade for ETH brings BTC down?

TrueCryptonaire

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I think the weakness of Monero is the constant inflation. The idea of coins being mined for ever doesn't incentify adaption for people who want to preserve their wealth.
Monero is much like Doge coin but lower inflation percentage. To maintain any value people need to buy coins on constant basis (like in fiat - to maintain the value there need to be economic growth which hopefully exceeds the rate of inflation).

MrGood

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Chief Technology Officer, NYC

Quote from: mining1 on July 22, 2016, 02:48:08 PM

So it has more appeal to black market / criminal activities ? Well that ain't enought to boost the price, which is why everyone is here. It's hard to steal btc's capital with " hey, come over here, we are more sneaky" . Am i really the only one that thinks teh market for cryptos that aim to become payment systems / store of value is oversaturated ? Bitcoin itself isn't widely adopted, imagine other coin's chances..

No-one's trying to steal anything. I don't think I ever saw anyone in Monero say "Psst come over here." In fact, the complete opposite is true. Monero is likely a poor choice of 'investment' because of the associated risks, and no-one's tried to hide that fact.

Having said that, it is obvious that as long as Monero's fundamentals are unbeatable for blockchain obfuscation and without any accompanying political baggage (e.g Zcash being sponsored by at least two governments) then there is a clear Darwinian component in play.

Your perception of crypto-oversaturation is a different matter, but even if that was the case it doesn't affect Monero because Bitcoin and Monero are not competitors.

Febo

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Quote from: mining1 on July 22, 2016, 02:48:08 PM

So it has more appeal to black market / criminal activities ? Well that ain't enought to boost the price, which is why everyone is here. It's hard to steal btc's capital with " hey, come over here, we are more sneaky" . Am i really the only one that thinks the market for cryptos that aim to become payment systems / store of value is oversaturated ? Bitcoin itself isn't widely adopted, imagine other coin's chances..

I really dont know what you are talking about. Monero market capitalization is $22 million. You dont believe that more that $22m will will choose anonymity way?

To me that is extremely ridiculous. Low price of monero is solely because of high inflation in last 2 years and slow development first year. You need to understand that developers that worked and work on coin development did nto plan it in advance but jumped in soon after was started. so it took soem time to optimize processes. all this beside the fact that there was no premine or ICO or whatever is nowadays popular. So no budged that Ethereum could afford.

Of course you can be totally right. And monero will newer be worth more then today. But on my opinion for that should be needed some not fixable security flaw or some way that society would be able prevent monero from running.

But chances for this are about same as to have $1000 Monero in a year or so.

birr

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Quote from: Febo on July 22, 2016, 09:33:06 AM

Quote from: birr on July 22, 2016, 09:22:30 AM

Quote from: aminorex on July 21, 2016, 10:37:14 AM

Quote from: jwinterm on July 21, 2016, 10:24:01 AM

lol primer- ragequit Shocked

Poor guy, sorry you can't get as much free money as you used to :'[

Trying to stay on topic, I'm expecting BTC to move up over 700 at least and XMR to fall back under 0.0025 in the next week or so.

Very doubtful. XMRUSD is too cheap in that scenario.

Well, it hit .00251

It did? i only see it to about 0.00259.

https://bitcoinwisdom.com/markets/poloniex/xmrbtc

TrueCryptonaire

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A marketcap should be minimum one order of magnitude higher than the wealth of the person it is sold.
Now the marketcap is in tens of millions so people who have 1-2 million networth are the ones Monero might be sold these days.

Topic: [XMR] Monero Speculation - page 1231. (Read 3314316 times)