Topic: [XMR] Monero Speculation - page 1829. (Read 3314350 times)

In case any of you are hoping Monero will make you rich so you can live a glamorous and different life, think again.  
  
Look at risto, he made millions off of bitcoin and bought a castle.  What does this visionary do with his spare time now that he's rich and (semi) famous?  
  
Posts all the time on the Internet about cryptocurrency, just like the rest of us.  
  
See?  In a way, you're *already* rich.    
  
Please have a plan in mind other than just being rich and living happily ever after.  Also, practice saying 'No' a lot, because you're gonna have to say it a lot soon to many who would fleece you.  
  
Also, make sure you get a good prenup going into any relationship that states she/(he?) forfeits any right to your cryptocurrency savings...  Unless you want to be the next "billion dollar divorce".

In case any of you are hoping Monero will make you rich so you can live a glamorous and different life, think again.  
  
Look at risto, he made millions off of bitcoin and bought a castle.  What does this visionary do with his spare time now that he's rich and (semi) famous?  
  
Posts all the time on the Internet about cryptocurrency, just like the rest of us.  
  
See?  In a way, you're *already* rich.    
  
Please have a plan in mind other than just being rich and living happily ever after.  Also, practice saying 'No' a lot, because you're gonna have to say it a lot soon to many who would fleece you.  
  
Also, make sure you get a good prenup going into any relationship that states she/(he?) forfeits any right to your cryptocurrency savings...  Unless you want to be the next "billion dollar divorce".

In case any of you are hoping Monero will make you rich so you can live a glamorous and different life, think again.  
  
Look at risto, he made millions off of bitcoin and bought a castle.  What does this visionary do with his spare time now that he's rich and (semi) famous?  
  
Posts all the time on the Internet about cryptocurrency, just like the rest of us.  
  
See?  In a way, you're *already* rich.    
  
Please have a plan in mind other than just being rich and living happily ever after.  Also, practice saying 'No' a lot, because you're gonna have to say it a lot soon to many who would fleece you.  
 
Also, make sure you get a good prenup going into any relationship that states she/(he?) forfeits any right to your cryptocurrency savings...  Unless you want to be the next "billion dollar divorce".

Dash is dying a slow death.

ATTN: There has been a hack or an exit scam is being pulled on the 2nd largest black market onion site. DASH related because it is the largest site of its kind to accept DASH. A couple thousand BTC stolen, but no info on if the attackers/admin bothered to steal the DASH or the LTC with the BTC, could be some dumps if they did.

https://www.reddit.com/r/DarkNetMarkets/comments/3dzge5/nucleus_megathread_all_discussion_to_take_place/

Guess it moved to .0032.

It is so easy that I am crying to make it accessible for you  


- Buy XMR now at $0.35. Most people can set aside $1,000 so that'll be 3,000 XMR, a rather easy buy even in the illiquid exchange.

- Write it off. Don't care about what you could have bought with it. Work overtime to recoup the money if you must, or skip a trip, to make it emotionally OK that you have given the money away.

- Do some productive stuff, don't follow XMR unless you care about the nascent payment network and services in alpha stage.

- Wait, until it hits $2 (not that hard, we were doing it for months last summer; the ath = $5), if the day arrives, sell 500 XMR and get back 100% of your original investment. If anything, now you should be totally ok to just wait where it goes.

- Continue your life.

- Sell 500 XMR every time it goes up 10x from the previous sale. This way the schedule is:

500 XMR @ $2
500 XMR @ $20
500 XMR @ $200
500 XMR @ $2,000 (gain $1 million)
500 XMR @ $20,000 (gain $10 Mm)
500 XMR @ $200,000 except since at this point you are set for life plus have XMR that is worth 100 million in purchasing power, it's hardly necessary to sell it unless you need something.

$200,000 * 18 million coins = $3,600 billion, still <1% of the current total in USD-denominated assets, so as such, not even a win for crypto but a good start


ADD: Oh forgot to mention: never, EVER:

- sell at a loss
- deviate from the plan in any other way.

The perfect storm, let's go! The 0.0026 wall will move or get eaten for sure.

3 day MACD turning green, the last time that happened was at the all time low, also 1 day EMA cross up, riding the daily upper bband and both bbands expanding.

*Slowly moving my BTC to Poloniex*

Yeah, I remember that article. It was solid. I agree that it will be an ecosystem of coins, but a fairly small number (<10 ?) that will have significant cap.

Anyways, that article got a fair amount of play in tech/startup circles. But few people did the math on what he was predicting for BTC price. Let's take the most conservative view on the assumptions in that statement and say that BTC is only *barely* the biggest coin; that'd be ~10% of the $5T, so $500B market-cap. At full 21,000,000 coins in circ, that's $23809/btc.

Mougayar is a well-respected guy, but if I recall, few people spoke much of what amounted to an investment prediction. I guess a lot of people consider it gouache to speak much of price.

http://startupmanagement.org/2015/06/06/the-next-10-years-42-macro-predictions-in-cryptography-blockchains-and-consensus-protocols/

"There will be 10 widely and commonly used, global virtual currencies that will be considered mainstream, and their total market value will exceed $5 Trillion dollars, and represent 5% of the world’s $100 Trillion economy in 2025 (Bitcoin will still be the largest one of them)."

I'm not sure that I agree with William Mougayar's analysis but it's certainly a possibility that multiple cryptocurrencies will end up competing for a share of the marketplace. For example, countries could decide to favor one cryptocurrency over another - such as accepting XMR and not BTC for payment of taxes, giving a need to have multiple cryptocurrencies, if only for one purpose.

If someone is looking for a long term investment and does not mind some slippage a market order on the wall can make a lot of sense. I suspect it may be fake, but it can still be taken down with a market order.  

have been buying some more during this floor, but now its allready above my btc average. sould not buy above it. floor was close to my average, sometimes below, not only to mine, thats why it was the floor in the end

good times.

btw i am more fiat denominated kind of guy, not too much interested in btc, but beeing in the green with btc is nice too if possible

not that excited yet, but lets see. took the last bite today during work.
remember, the low prices made us all happy. yes i know, high prices are good too but it also gets more expensive to buy if you buy on a regular base.
anyway, allready have enough i guess

that ain't right. I think you mean $1.10 per monero.
hopefully I'll be able to buy more before that happens.

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