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Topic: [XMR] Monero Speculation - page 1830. (Read 3314350 times)

copper member
Activity: 924
Merit: 1007
hee-ho.
July 21, 2015, 02:06:05 PM
You should buy Moneros when you still can. I have that feeling that the price will increase to $0.10 per Monero. Monero to the moon!  Cool

that ain't right. I think you mean $1.10 per monero.
hopefully I'll be able to buy more before that happens.
legendary
Activity: 1442
Merit: 1001
July 21, 2015, 02:05:48 PM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy

Wow. That's a lot of Monero you got there. Shocked I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMRRoll Eyes

I have a feeling you might become rich when Monero's price goes up.



You're assuming the Monero-overtakes-Bitcoin scenario

Not really. 25 BTC might be worth even more.

Quote
and I still think would be very damaging to the crypto-economy as a whole

As you know I'm less convinced of that.

As a special case of how that might not happen, I don't rule out the possibility of two winners in crypto, one being the (more) transparent coin (assume hypothetically this is Bitcoin) and one being the (more) private coin (less clear at this point what that might be but Monero is certainly a plausible candidate). It isn't clear to me that the transparent coin would necessarily be bigger, and it also isn't clear that the private coin turning out to be bigger would have the same effect as some other coin that did the same thing as Bitcoin overtaking Bitcoin.

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.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
July 21, 2015, 02:01:28 PM
Monero's price has been increasing over the days. It increased from $0.50 to almost $0.60 in 4-5 days. Take a look at the charts below:



You should buy Moneros when you still can. I have that feeling that the price will increase to $0.10 per Monero. Monero to the moon!  Cool
hero member
Activity: 888
Merit: 500
July 21, 2015, 01:45:19 PM


Finally  they are buying.... Good Good
hero member
Activity: 966
Merit: 1003
July 21, 2015, 01:42:19 PM
8e6ff4e10f3f154e9e05f49273e5c780848790d6f5baab2fb80d60d8e1aabba6
legendary
Activity: 2282
Merit: 1050
Monero Core Team
July 21, 2015, 01:22:12 PM
So what are people's thoughts on that 50k wall at .0026?

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.  
legendary
Activity: 2968
Merit: 1198
July 21, 2015, 01:21:03 PM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy

Wow. That's a lot of Monero you got there. Shocked I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMRRoll Eyes

I have a feeling you might become rich when Monero's price goes up.



You're assuming the Monero-overtakes-Bitcoin scenario

Not really. 25 BTC might be worth even more.

Quote
and I still think would be very damaging to the crypto-economy as a whole

As you know I'm less convinced of that.

As a special case of how that might not happen, I don't rule out the possibility of two winners in crypto, one being the (more) transparent coin (assume hypothetically this is Bitcoin) and one being the (more) private coin (less clear at this point what that might be but Monero is certainly a plausible candidate). It isn't clear to me that the transparent coin would necessarily be bigger, and it also isn't clear that the private coin turning out to be bigger would have the same effect as some other coin that did the same thing as Bitcoin overtaking Bitcoin.
legendary
Activity: 1722
Merit: 1004
July 21, 2015, 01:20:32 PM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy

Wow. That's a lot of Monero you got there. Shocked I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMR.  Roll Eyes

I have a feeling you might become rich when Monero's price goes up.



You're assuming the Monero-overtakes-Bitcoin scenario, which we've been over and I still think would be very damaging to the crypto-economy as a whole, thus lowering the fiat purchasing power of the sum of all coins. Yes, if Monero went 1000x and the cryptoeconomy as a whole went 0.1x, you'd still be up a lot with more than 1% in XMR, but the whole experiment would be vastly less interesting and useful.

I've said for a while that Monero could become the #2 coin, which is a lot more reasonable, and would actually, in my opinion, significantly strengthen the crypto-economy since the #2 coin would be both fully decentralized (ie, it's not Ripple), and offer something valuable and different vs Bitcoin (ie, it's not Litecoin). I think that's a more likely (and better!) outcome for a number of reasons.

That's still a 20-50x (in BTC terms) potential rise in the cards. Not satisfied with that? Wink
legendary
Activity: 1092
Merit: 1000
July 21, 2015, 12:54:49 PM
So what are people's thoughts on that 50k wall at .0026?

Think it will be removed once we get close, might be a scare wall to push people in his bids.

Potential cup and handle forming, this might get very interesting: c&h on BTC and XMR

Might be even Risto's wall to scare the buyers/sellers.
hero member
Activity: 700
Merit: 500
July 21, 2015, 12:52:05 PM
So what are people's thoughts on that 50k wall at .0026?

Think it will be removed once we get close, might be a scare wall to push people in his bids.

Potential cup and handle forming, this might get very interesting: c&h on BTC and XMR
copper member
Activity: 924
Merit: 1007
hee-ho.
July 21, 2015, 12:46:29 PM
bought 50 XMR a hour ago. not much but I'll buy more when I get more money  Cool. let's see how it goes.
hero member
Activity: 583
Merit: 500
Bitcoin for all & all for Bitcoin
July 21, 2015, 12:36:07 PM
So what are people's thoughts on that 50k wall at .0026?
legendary
Activity: 2968
Merit: 1198
July 21, 2015, 08:37:14 AM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy

Wow. That's a lot of Monero you got there. Shocked I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMR.  Roll Eyes

I have a feeling you might become rich when Monero's price goes up.


I'm hoping so. If not, at least I'll earn some profit.  Grin

I agree. If you keep buying all the time (like on daily basis some coins), you will have plenty of coins when/if Monero goes viral.
With smaller amounts, the importance is consistency. Keep buying and mining which you hold outside of the exchange so that you will not feel tempted to sell too early.

Nor will you get goxed.
legendary
Activity: 1092
Merit: 1000
July 21, 2015, 08:36:23 AM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy

Wow. That's a lot of Monero you got there. Shocked I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMR.  Roll Eyes

I have a feeling you might become rich when Monero's price goes up.


I'm hoping so. If not, at least I'll earn some profit.  Grin

I agree. If you keep buying all the time (like on daily basis some coins), you will have plenty of coins when/if Monero goes viral.
With smaller amounts, the importance is consistency. Keep buying and mining which you hold outside of the exchange so that you will not feel tempted to sell too early.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
July 21, 2015, 07:51:17 AM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy

Wow. That's a lot of Monero you got there. Shocked I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMR.  Roll Eyes

I have a feeling you might become rich when Monero's price goes up.


I'm hoping so. If not, at least I'll earn some profit.  Grin
legendary
Activity: 2968
Merit: 1198
July 21, 2015, 07:43:03 AM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy

Wow. That's a lot of Monero you got there. Shocked I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMR.  Roll Eyes

I have a feeling you might become rich when Monero's price goes up.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
July 21, 2015, 07:36:25 AM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy

Wow. That's a lot of Monero you got there. Shocked I have the feeling you might become rich when Monero's price goes up. As for me, I'm growing my stack of Monero and as of now I own 25 XMR.  Roll Eyes
legendary
Activity: 1092
Merit: 1000
July 21, 2015, 07:32:40 AM
I've bought today so far around 7500 XMR and I am still nibbling.  Cheesy
legendary
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
July 21, 2015, 07:08:10 AM
I am so sick of you. Also, crazy over 8% gains lol.
Short it then, if you don't think it's happening.
legendary
Activity: 1092
Merit: 1000
July 21, 2015, 06:55:49 AM
I've bought today over 1000 XMR and if the price stays this low I am considering to add some more coinz.
Sounds reasonable.

Bought 700 more.
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