Topic: [XMR] Monero Speculation - page 1803. (Read 3313576 times)

Speculation is important because it adds liquidity. Now I feel better than ever, knowing that the pullback was solely caused by TC and knowing how much I have BTC in the exchanges, just waiting for the asks to pile up, preferably in the <0.0027 area... 

Buying back cheaper works until it doesn't. You have been warned 

I don't understand this haste in pumping the price up. It's cool if we go to 0.0043 or beyond. But it is equally cool if we go to 0.0015. The latter would be even cooler regarding my activities, but for the same reason, I believe we will see the former first.

 

You are so annoying, each letter you write here is pure bullshit

I advise every noob to stay far away from this guy, he is trying to suck out as much fiat as he can and i am sure he doesnt give a fuck about Monero

Lol.
During the past 24 hrs alone I'be sold more than 14 k xmr.  
And if you want to buy more, just put some buy walls - I still have some coins which I can sell.
I hope to buy back some  coins lower. Let's see if I am successful.

I'd be surprised if you had more than 5000 XMR.

I don't understand this haste in pumping the price up. It's cool if we go to 0.0043 or beyond. But it is equally cool if we go to 0.0015. The latter would be even cooler regarding my activities, but for the same reason, I believe we will see the former first.

 

I have much more than 18 000 XMR. In the future I do not know but let's hope nothing happens which would force me to sell too early to make the expensive mistake.

(did you see what I did there?)

See below:

He said that setting up things went slower than hoped.  I don't know where his post is but he gave some details about what he was doing.

Hello everyone,

As I stated in my last update some things are taking longer than I thought
https://bitcointalksearch.org/topic/m.11997287

I had planned to use some press releases to direct some traffic to 8xmr.com however that site if not yet ready. Currently 8xmr has it pointed to getmonero.org until 8xmr.com is ready to launch

dEBRUYNE mentioned that a David Lapatie article has already been translated into Chinese here:
http://www.8btc.com/monero

The problem is that 8xmr may eventually become a competitor to 8btc so it would be wrong to ask 8xmr to point traffic there now.  I also want to include 8xmr in our China launch plans because it could become our biggest Chinese community portal.  I have no updates on new exchanges yet but hopefully if we all keep frequently contacting them they will add us relatively soon. More translations on the getmonero page will of course help.

A few of you have asked about the significant of 8/8. The number 8 is considered a lucky number. Wedding presents for example may be in denominations of 8. Vanity phone numbers often carry the number 8 as do many popular websites (like 8btc). 8/8 does not directly relate to Monero. It just would have been a good day to launch a campaign.

Sorry for the delays. Please continue to contact exchanges and complete all the missing English content on getmonero.org so that everything can be approved for translation. I communicate with 8xmr often and will let you know when that website is ready for launch.

Any word on what the big hullabaloo is supposed to be today from XMRchina?

Besides the fact that you are most likely planning to sell .003-.004, if everyone had their XMR stored in cold storage, it's not a currency. If you ask Fluffy about what he sees as the future, it's in transactional value and shouldn't be treated as a speculative investment. It very well could be a store of value but to get there almost certainly needs an economy behind it (people willing to buy and sell XMR for goods and services). There needs to be utility and that's not something you're magically going to get if everyone cold-stores coins.

No one is going to sink a million dollars into accumulating coins if there is no means of actually getting out when they need to. You're also assuming that no one is willing to part with coins along the way, even with the price sitting that high. You can bet your sweet ass there will be substantial supply available should XMR even reach levels greater than $100--hell, at this point, there most certainly would be supply available above $5-$10. If it pulls a bitcoin in terms of the size move it makes, there will be plenty willing to take profits on 10x their return knowing that the future is unknown and the gain is already better than anything you are going to get elsewhere. It doesn't mean there won't be those that continue to hold, no different than the select few that held BTC all the way to >$1000.

...

Besides the fact that you are most likely planning to sell .003-.004, if everyone had their XMR stored in cold storage, it's not a currency. If you ask Fluffy about what he sees as the future, it's in transactional value and shouldn't be treated as a speculative investment. It very well could be a store of value but to get there almost certainly needs an economy behind it (people willing to buy and sell XMR for goods and services). There needs to be utility and that's not something you're magically going to get if everyone cold-stores coins.

No one is going to sink a million dollars into accumulating coins if there is no means of actually getting out when they need to. You're also assuming that no one is willing to part with coins along the way, even with the price sitting that high. You can bet your sweet ass there will be substantial supply available should XMR even reach levels greater than $100--hell, at this point, there most certainly would be supply available above $5-$10. If it pulls a bitcoin in terms of the size move it makes, there will be plenty willing to take profits on 10x their return knowing that the future is unknown and the gain is already better than anything you are going to get elsewhere. It doesn't mean there won't be those that continue to hold, no different than the select few that held BTC all the way to >$1000.

Further, until a coin actually makes it to the number 2 position, it's super foolish to even discuss valuations like $2k/coin.

 
 
I think someone like yourself should aim to hold at least 18,000.  If you weren't 1/1,000 and here this early in the game I would be sad for you.

TC
thanks for sharing your point of view.

I've still got the unanswerd question where you read about others calling a price of 2000.
Thnx again.

Perhaps it is due to my low IQ - only 106 1-2 years ago when I measured it - but I see 2000 usd Monero price possible. Or even higher - do not get me wrong.
I do not think it will happen like 1-2 days but it definetely is possible in few years. Bitcoin reached 1200 usd in less than 5 years. Monero can do it even in shorter period as Monero do not need to bear the weight of first mover (Monero community reached the current size faster than bitcoin reached the same number of users/holders as the community was not crypto virgins).

Simple mathematics is my main reasoning, however it requires a few assumptions and if those will not be fulfilled it is rockier road to reach the 2000 usd (or higher) price.
One thing we need is enough coins stored in  cold storages/held unused. Let's assume, all the coins that will be mined before the tailed emission is stored in cold storages by different users.
Then we have the minimum block reward which is 0.1 xmr or so if I am not mistaken. That means, daily emission is 60*24*0.1=144 coins.

Then there is only 1 million usd that wants to buy Moneros daily. This leads the relative price of Monero is 1 000 000usd/144xmr = 6944 usd/xmr.

I've picked 2000 usd Monero price to be safer and more conservative..
I agree not many here fully realize fuller potential of Monero. People tend to assume coin maximum can reach 10 times higher price than the current price, which is pretty understandable since people in general are used to 5-10 % annual ROI from US stock markets. Therefore speaking about the potential of Monero (or any other crypto that has something to contribute to the society) is something we really has not seen yet to come true.

I consider Monero as an investment such as Microsoft has been for Bill Gates. When he started with Windows it was a company of one man. Now (almost) every company has Windows as their operating system not to mention the general population who has Windows in their PCs.
Monero is now like Windows in early stages to me (time before it was listed publically). When stocks are listed many founders of the compnies cash out - for them the most ROI potential is reached when the markets give the fair value for their businesses. When the company is listed, it starts to give the small 5-10 % ROI annually to which the sheep is used to.