Topic: [XMR] Monero Speculation - page 1844. (Read 3314350 times)

Then there is really no chance to reach any meaningful highs.
Pumping the coin is the only way the marketcap grows. Sure there will be a dump but we only can hope that there are enough open shorts when the dump starts so that the price and marketcap will end up being higher than pre-pump.
If there will be no artificial pump, the price pretty much stays as it is now or declines if the current fish species will not start competing with each others to reach the Leviathan status or even a whale status.

The bad thing about the pump is it will cause some people burned.  Like those who bought bitcoins at 1000 usd - most likely they will never get in profit, however I wish I am proven wrong in this.

Risto's view on the species of beasts is actually giving credits even for smaller guys.
There need to be an incentive to increase the status and the poor guys (ones with 500k or less need an incentive to improve their status).  

Imagine what happens to the price if the run starts as there are only 8 places available for the title of a whale or 4 places available for the title of Leviathan. Not many big beasts have enough space in the oceans.

P.S. Thank you for the dump. As my bitcoins get released from the captivity of margin traders, I will put a new buy order since I need to improve my beast status.

Considering that there are no "born whales" (premine) and the incentive to buy more goes down after you already have so much that you cannot exit at market,

20% = Cthulhu (probably does not exist)
10% = Leviathan (likely max 1)
5% = Behemoth (1-2)
1% = Whale (~10)
0.5% = Pocket whale
0.1% = Shark/Dolphin (depends on your trading aggression)

To adjust a large position, the market can only bear about 2500 XMR/day buy/sell pressure. This means that it takes month(s) for a whale to enter/exit a position completely, and the whole lifespan of the currency to amass a Leviathan+ sized amount. Only sharks can efficiently daytrade.

USD amounts are very small, so if new whales want to be born, we will be able to see it

Or since everyone seems so hung ho on the term Leviathan.  
  
Maybe owning 1% is the Leviathan.  
  
And 10% is Cthulhu (giving that term the due respect and weight it should carry).  
 
It makes sense.  Dumping 1% would do catastrophic damage to a market, but it wouldn't destroy a currency. 
 
Dumping 10%?  That might destroy a currency. 
 
And that's why it makes sense that title gets reserved for those who really deserve it.
  
 

 
  
XMR Cthulhu.  I like it.  
  
John Rockefeller owned 1.5% of the American GDP at one point, making him (debatably) the first Cthulhu of the 20th century.  In terms of bitcoin, we don't really need a term to describe Satoshi  (since there has never been more than on person to own > 10% of a currency).  Metric increments seems to work, from 0.1%, 1%... And maybe those who manage 0.01% and want to have a fun club title too.  
  
But the Winklevoss Twins definitely get to join the Cthulhu club.  Who knows, maybe Voorhees has too by now.  
  
I'm pretty confident for all the shit that rpiella talks (sp?) that he owns at least 200,000 XMR, and it wouldn't surprise me if a few core devs also owned at least own this much.  
  
 As for me, merely qualifying as whale sounds nice.  It's an achievable milestone for someone in the middle class to hit (even though it carries significant stakes), and owning 1/1000th of a currency is a ludicrous amount to own if that currency goes on to become a world standard over the next 10 years (well over my fair share as a member of the species).  I also am stupid, so it's unlikely I'll sell much even as we break levels such as $10, $100, and $1,000.  
  
I'm in it for the long haul.  My day job feeds me and lets me finance occasional art projects.  Monero is an interstellar space ticket, or nothing at all for me.  
  
The American Pegasus Center For Kids Who Don't Math Good And Want To Do Other Stuff Good Too will be a reality.
  

The more ambitious you guys are in my books, the faster it is recommended to act. Due to Bitcoin rally it becomes more and more expensive to buy your ticket to the Leviathan or even whale -groups.  

lol  

funny guys, this can turn into a rocket really fast you know it. only thing i dont know is if we can still fly with polo or not. its our only place to buy the moon tickets and we gonna ride with them too.
anyway i think ~0.002 is many peoples average and seems like a solid floor to me, maybe we touch 0.0015 but whatever it wont hurt so much.  
holding this amount of coins would be too much responsibility for me (yes, Cthulhu i look at you)

It may not exist but you better pray it doesn't anyway  

Don't get me wrong, I have currently a buy order (and if it gets filled I will put more buy orders - so please dump on me) so I am buying also together with you guys and building my own position.  

I was wondering why you were throwing such ridiculous numbers, but now I understand. You're really trying to use any possible conversation and change it into a pump/dump message, depending on your current position.
On that one, that was really a long stretch to reach your final line...

As I said, 1 million XMR guarantees its owner a position among the top 8 richest people in Monerosphere.
You might belong to that group in reality even with lower amount, too but that cannot be proven.

Currently it is relatively cheap to purchase such amount of coins - especially if you organize OTC trades. From the exchanges it is more challenging as the price starts to climb pretty fast.
However, the fact that with only 530 000 usd worth of coins you own more than 10 % of the total coin supply tells me how cheap Monero is and therefore easy to pump.

I do not know why someone would like to liquadate a large number of Moneros when the price goes up. Sure all of us who are not millionaires want to have 1 million usd on our bank accounts but when we have 1 million usd, a nice car and a castle and still 999 000 XMR - what do you need more? You probably do not bother dumping as you do not need anything at some point but rather keep the coins.

The title of Monero-Leviathan is reserved for a person who controls 2 000 000 XMR.




So most of us still need to build our positions.

These numbers are just... lol

It shouldn't be measured in USD but in XMR as part of the total supply.

You're a whale if you significally can move markets, with XMR you can do that pretty good with 100k XMR.

Noone has 1m XMR, it's just stupid to have such a big part of the total supply, if you want to liquidate 10% of your coins you crash the market.

On topic: what will the XMR price do as the pumped alts bubble pops and BTC keeps going up?

I think we're in the calm before the storm at the moment. Downwards momentum is slowly turning into upwards momentum and XMR is like the only coin not pumped in the recent alt pump round.

Speculate on

John D. Rockefeller's net worth was worth 1.5% of America's GDP. There was no top 1%. Top 1% wasn't a whole person.

I could put a buy order to the bids that nobody cannot clear as there is not enough Moneros made.
Therefore it is not a good idea to define a whale as a person who can clear the bids.
Better to stick a number that makes sure you belong to top x holders.

In my books a whale is currently a person that owns 1 000 000 xmr (worth only roughly 530 000 usd).
800 000 xmr holder is a pocket whale
600 000 xmr holder is a dolphin
500 000 or less is a small fish - I am sorry but unfortunately I cannot do better.

xmr ask side down and i think its a lot, over 50k for sure.
bid side still weak but it does not look so sick anymore compared to the asks.

a whale is what a whale is. the real xmr whales could clear the whole bid side as it stands right now.

Yes,  fuck pumps.  I hope you guys are not here to sell Monero at $9 and call it a day.

Yeah we don't want that kind of promoting. Just like LTC, though, we can't really stop it from happening if someone tries it.

I did not check out your links but ltc was being "promoted" as a ponzi.

To get in you had to buy 500 ltc.

Have you seen the ltc charts today?

Can someone explain this video to me?
http://8btc.com/thread-20406-1-1.html

It is supposed to be about how LTC is being promoted in China
https://bitcointalksearch.org/topic/leaked-video-explained-the-recent-pump-of-litecoin-1115157

Maybe there will be some good ideas for how XMR can be promoted there

If you own 1 million xmr you belong for sure top 8 holders.
owning only 500 000 makes you belong to top 16 for sure.
If you want to have 500 k xmr, it is worth of 270 000 usd which barely buys you a bathroom in downtown Helsinki.