For me? Yes!
Than you sir are in a good place. A place I can only dream of. Don't give that away for a few measly dollars profit.
Topic: [XMR] Monero Speculation - page 1911. (Read 3313485 times)
For me? Yes!
Than you sir are in a good place. A place I can only dream of. Don't give that away for a few measly dollars profit.
For me? Yes!
Last chance to sell high? 
Sorry for the dumb question but how are you people doing to have the XMR price displays on bitcoinwisdom?
The main site bitcoinwisdom.com has various altcoin feeds that don't otherwise show up under the markets tab.
or just bookmark https://bitcoinwisdom.com/markets/poloniex/xmrbtc
Sorry for the dumb question but how are you people doing to have the XMR price displays on bitcoinwisdom?
The main site bitcoinwisdom.com has various altcoin feeds that don't otherwise show up under the markets tab.
Sorry for the dumb question but how are you people doing to have the XMR price displays on bitcoinwisdom?
Let me put the emissions thing another way. The coin is supposed to be cheap at this point. It is barely used, technology isn't mature or highly usable, and merchant support is essentially nonexistent. Why anyone expect otherwise?
The purpose of PoW distribution is to continually dump coins on the market so that any sustained price rises are credible evidence of strong and sustained demand. It is the opposite of a closely held coin with no ongoing preprogrammed distribution where for example two insiders can trade coins between each other at whatever price they want. (Distribution to existing coin holders as with PoS doesn't count, that is just inflation.)
It's the same with Bitcoin BTW. It got pumped by China and maybe Willie to 1000+ USD but the relentless drip, drip, drip of 3.6 million USD per day being dumped on to the market by a preprogrammed selling process eroded the ability of of hoarders and pumpers (and deadbeat bots?) to keep the price up. Now we are below 1 million USD per day and that level of demand, at least, seems to be there (as evidenced by the past few months of price stability).
This is not a bad thing at all. It means people looking to get into Bitcoin (or Monero) now have a more realistic and sustainable entry price. They have less to fear from buying into a bubble and being left holding a bag than if they faced the prospect of buying at 1000 (BTC) or 0.01 (XMR).
Most people in the world do not own BTC or XMR. The preprogrammed mining/dumping serves to represent their interests, as opposed to a few tulip bulb (or "golden donkey") buyers trying to get rich quickly.
The purpose of PoW distribution is to continually dump coins on the market so that any sustained price rises are credible evidence of strong and sustained demand. It is the opposite of a closely held coin with no ongoing preprogrammed distribution where for example two insiders can trade coins between each other at whatever price they want. (Distribution to existing coin holders as with PoS doesn't count, that is just inflation.)
It's the same with Bitcoin BTW. It got pumped by China and maybe Willie to 1000+ USD but the relentless drip, drip, drip of 3.6 million USD per day being dumped on to the market by a preprogrammed selling process eroded the ability of of hoarders and pumpers (and deadbeat bots?) to keep the price up. Now we are below 1 million USD per day and that level of demand, at least, seems to be there (as evidenced by the past few months of price stability).
This is not a bad thing at all. It means people looking to get into Bitcoin (or Monero) now have a more realistic and sustainable entry price. They have less to fear from buying into a bubble and being left holding a bag than if they faced the prospect of buying at 1000 (BTC) or 0.01 (XMR).
Most people in the world do not own BTC or XMR. The preprogrammed mining/dumping serves to represent their interests, as opposed to a few tulip bulb (or "golden donkey") buyers trying to get rich quickly.
+5 ...but it is mandatory to get the folk on board now. Bitcoin is still big because of its massive PR success (first to market).
Now, it is on us to promote XMR.
Putting this here as well for visiblity.
The whole post is crosspost worthy in my opinion:
Risto the entire post was excellent. I thought maybe we were further apart in our thinking, but on the surface of that post it seems we are close to total agreement. Perhaps you've made some changes in your thinking lately?
My quibble is going to be on the fact that silver and Bitcoin are not anonymous[1] and aren't you at all concerned about shielding wealth from socialism deathstar expropriation?
And my other quibble remains that you are not technically qualified to know whether Monero is sufficient to be the big winner. I strongly suggest you need to be more diversified in altcoins if you want to hit the jackpot. One day you are going to learn that in this area (just like you learned on the castle which I warned you was under threat from Russia), my capabilities in some cases exceed aminorex and others you may rely on for technical appraisals (and theirs exceed mine in other cases). Smooth has outsmarted me at times and to the extent he can be objective (considering his close association to Monero) then I would advise trusting his appraisals of any technical writings I make. Aminorex is very smart, but he appears to me to be more of a math guy than a programmer (although my interaction with him is minimal). Smooth is the most astute programmer in altcoins that I have had discussions with. Perhaps there are others but I haven't been able to engage them in productive discussion (e.g. fluffyponey, tacotime, etc).
However, I will admit I don't know of any other altcoins that have sufficient feature sets and ecosystem that give them a better shot than Monero, at least in the anonymity focused subset of altcoins. So in that case I would have to agree with you on the Monero bet up to this point in time. I must mea culpa that I haven't been following altcoins much lately, and I don't know whats up with latest on Nxt, jl777's work, Boolberry, Dogecoin, etc.. I don't even load the coinmarketcap any more.
I am cognizant that you may become complacent/overconfident and miss something. Well I guess it never hurt you to be late and miss the IPO. You missed it for both Monero and Bitcoin. So perhaps it isn't your role to be one of the earliest adopters. And thus I should not be focusing my energy on trying to explain any technical innovation too early in the development cycle. Ditto OROBTC and others. You all can't understand. You all come in much later after the technical experts have already jumped on board. In short, you all must be followers because you don't have the first hand technical acumen.
[1] Anonymity with Bitcoin is is riddled with potential pitfalls. IP anonymity is tricky for any crypto-coin, and Bitcoin doesn't have onchain anonymity. Upthread I already made the case that physical metals will not be anonymous.
EDIT: For whom it was not clear yet, TPTD_need_war = AnonyMint
Smooth, you've received a solid commendation from Anonymint 
It seems to me that Monero has the best team of any altcoin.
Smooth is the most astute programmer in altcoins that I have had discussions with.
It seems to me that Monero has the best team of any altcoin.
The whole post is crosspost worthy in my opinion:
8. I have been a "silver bug" in a sense that I regarded it as a great investment and was overweight, in 2006-2013, then I was a Bitcoin bug for a short time, and now have been a Monero bug, because it now holds the same promise that the previous ones did earlier. (Monero is so cheap that I am not even much weighted, because the potential upside is so great.) Both silver and bitcoin are now relegated to wealth preservation roles in my thinking, both still having the potential of large upside though.
9. I have never been a gold bug but have occasionally owned some gold.
10. Neither a lender nor a borrower be. Knowledge economy does not have a place for debt (obligation to pay a fixed sum regardless of the outcome of the venture) in it. Crowdfunding in all forms is the way to go.
11. The role of financial capital is to enable the most effective use of knowledge capital, and even before Bitcoin was invented, my productivity has not much been hampered by the lack of financial capital. I am content with the amount that I have, and in the long term more is probably coming when one of my current or future long-shots matures. The excess I have keenly donated to charitable purposes, although finding worthy recipients is difficult.
12. The theses do not consider the "industrial-age" situations where pooling of massive resources under a centralized command was necessary. Some projects still have these attributes, but most of them could already be reorganized, power politics are hindering the progress.
9. I have never been a gold bug but have occasionally owned some gold.
10. Neither a lender nor a borrower be. Knowledge economy does not have a place for debt (obligation to pay a fixed sum regardless of the outcome of the venture) in it. Crowdfunding in all forms is the way to go.
11. The role of financial capital is to enable the most effective use of knowledge capital, and even before Bitcoin was invented, my productivity has not much been hampered by the lack of financial capital. I am content with the amount that I have, and in the long term more is probably coming when one of my current or future long-shots matures. The excess I have keenly donated to charitable purposes, although finding worthy recipients is difficult.
12. The theses do not consider the "industrial-age" situations where pooling of massive resources under a centralized command was necessary. Some projects still have these attributes, but most of them could already be reorganized, power politics are hindering the progress.
Risto the entire post was excellent. I thought maybe we were further apart in our thinking, but on the surface of that post it seems we are close to total agreement. Perhaps you've made some changes in your thinking lately?
My quibble is going to be on the fact that silver and Bitcoin are not anonymous[1] and aren't you at all concerned about shielding wealth from socialism deathstar expropriation?
And my other quibble remains that you are not technically qualified to know whether Monero is sufficient to be the big winner. I strongly suggest you need to be more diversified in altcoins if you want to hit the jackpot. One day you are going to learn that in this area (just like you learned on the castle which I warned you was under threat from Russia), my capabilities in some cases exceed aminorex and others you may rely on for technical appraisals (and theirs exceed mine in other cases). Smooth has outsmarted me at times and to the extent he can be objective (considering his close association to Monero) then I would advise trusting his appraisals of any technical writings I make. Aminorex is very smart, but he appears to me to be more of a math guy than a programmer (although my interaction with him is minimal). Smooth is the most astute programmer in altcoins that I have had discussions with. Perhaps there are others but I haven't been able to engage them in productive discussion (e.g. fluffyponey, tacotime, etc).
However, I will admit I don't know of any other altcoins that have sufficient feature sets and ecosystem that give them a better shot than Monero, at least in the anonymity focused subset of altcoins. So in that case I would have to agree with you on the Monero bet up to this point in time. I must mea culpa that I haven't been following altcoins much lately, and I don't know whats up with latest on Nxt, jl777's work, Boolberry, Dogecoin, etc.. I don't even load the coinmarketcap any more.
I am cognizant that you may become complacent/overconfident and miss something. Well I guess it never hurt you to be late and miss the IPO. You missed it for both Monero and Bitcoin. So perhaps it isn't your role to be one of the earliest adopters. And thus I should not be focusing my energy on trying to explain any technical innovation too early in the development cycle. Ditto OROBTC and others. You all can't understand. You all come in much later after the technical experts have already jumped on board. In short, you all must be followers because you don't have the first hand technical acumen.
[1] Anonymity with Bitcoin is is riddled with potential pitfalls. IP anonymity is tricky for any crypto-coin, and Bitcoin doesn't have onchain anonymity. Upthread I already made the case that physical metals will not be anonymous.
EDIT: For whom it was not clear yet, TPTD_need_war = AnonyMint
Let me put the emissions thing another way. The coin is supposed to be cheap at this point. It is barely used, technology isn't mature or highly usable, and merchant support is essentially nonexistent. Why anyone expect otherwise?
The purpose of PoW distribution is to continually dump coins on the market so that any sustained price rises are credible evidence of strong and sustained demand. It is the opposite of a closely held coin with no ongoing preprogrammed distribution where for example two insiders can trade coins between each other at whatever price they want. (Distribution to existing coin holders as with PoS doesn't count, that is just inflation.)
It's the same with Bitcoin BTW. It got pumped by China and maybe Willie to 1000+ USD but the relentless drip, drip, drip of 3.6 million USD per day being dumped on to the market by a preprogrammed selling process eroded the ability of of hoarders and pumpers (and deadbeat bots?) to keep the price up. Now we are below 1 million USD per day and that level of demand, at least, seems to be there (as evidenced by the past few months of price stability).
This is not a bad thing at all. It means people looking to get into Bitcoin (or Monero) now have a more realistic and sustainable entry price. They have less to fear from buying into a bubble and being left holding a bag than if they faced the prospect of buying at 1000 (BTC) or 0.01 (XMR).
Most people in the world do not own BTC or XMR. The preprogrammed mining/dumping serves to represent their interests, as opposed to a few tulip bulb (or "golden donkey") buyers trying to get rich quickly.
The purpose of PoW distribution is to continually dump coins on the market so that any sustained price rises are credible evidence of strong and sustained demand. It is the opposite of a closely held coin with no ongoing preprogrammed distribution where for example two insiders can trade coins between each other at whatever price they want. (Distribution to existing coin holders as with PoS doesn't count, that is just inflation.)
It's the same with Bitcoin BTW. It got pumped by China and maybe Willie to 1000+ USD but the relentless drip, drip, drip of 3.6 million USD per day being dumped on to the market by a preprogrammed selling process eroded the ability of of hoarders and pumpers (and deadbeat bots?) to keep the price up. Now we are below 1 million USD per day and that level of demand, at least, seems to be there (as evidenced by the past few months of price stability).
This is not a bad thing at all. It means people looking to get into Bitcoin (or Monero) now have a more realistic and sustainable entry price. They have less to fear from buying into a bubble and being left holding a bag than if they faced the prospect of buying at 1000 (BTC) or 0.01 (XMR).
Most people in the world do not own BTC or XMR. The preprogrammed mining/dumping serves to represent their interests, as opposed to a few tulip bulb (or "golden donkey") buyers trying to get rich quickly.
To those concerned about XMR emissions this is what I have to say:
This is not an XMR issue. It is an issue with all fairly launched POW coins. A longer emission schedule helps guarantee current and future community trust and support. If you are worried about selling pressure, don't be. Emission will gradually decrease as will the number of XMR owners who buy the XMR that miners sell on the open market. Pump and Dump POS coins dont have this problem. They have marketing and devs who will abandon ship after gaining maximum short term profits. If that is what you want, I suggest leaving XMR now. XMR is about building a long term foundation for success for the entire community. Success is more than money. Its about achieving privacy and building a currency that is unquestionably fungible now and forever.
There is another way to support your current position in XMR without getting diluted. Instead of a target number of XMR you wish to own, focus on a target percentage of XMR in existence. This will create new buying pressure to maintain that percentage as new XMR are mined to balance out the sell pressure from miners.
Or you can build XMR services to support the economy, write user guides to make Monero more user friendly to those who are interested in privacy but new to crypto and the command line, etc.
I personally am happy that the dev team is being cautious and not rushing out new releases before they are ready. There are many exciting things on the horizon. Rome was not built in a day.
I don't worry about short term price speculation. The market for privacy will grow exponentially in the coming years. Monero is well positioned with a skilled dev team and loyal community.
This is not an XMR issue. It is an issue with all fairly launched POW coins. A longer emission schedule helps guarantee current and future community trust and support. If you are worried about selling pressure, don't be. Emission will gradually decrease as will the number of XMR owners who buy the XMR that miners sell on the open market. Pump and Dump POS coins dont have this problem. They have marketing and devs who will abandon ship after gaining maximum short term profits. If that is what you want, I suggest leaving XMR now. XMR is about building a long term foundation for success for the entire community. Success is more than money. Its about achieving privacy and building a currency that is unquestionably fungible now and forever.
There is another way to support your current position in XMR without getting diluted. Instead of a target number of XMR you wish to own, focus on a target percentage of XMR in existence. This will create new buying pressure to maintain that percentage as new XMR are mined to balance out the sell pressure from miners.
Or you can build XMR services to support the economy, write user guides to make Monero more user friendly to those who are interested in privacy but new to crypto and the command line, etc.
I personally am happy that the dev team is being cautious and not rushing out new releases before they are ready. There are many exciting things on the horizon. Rome was not built in a day.
I don't worry about short term price speculation. The market for privacy will grow exponentially in the coming years. Monero is well positioned with a skilled dev team and loyal community.
liquidity seems to be very low on both sides right now.
monero is allready very useful without any additional service. the only thing it needs for the moment is much more liquidity
monero is allready very useful without any additional service. the only thing it needs for the moment is much more liquidity
but why the use of log instead of linear?
Sorry missed your question on the previous page.
Its mainly a personal thing, log *tends* to provide a clearer picture of trends because it shows movement not based on a price basis but on a percentage basis.
Have a search around and you'll be able to find many pros and cons of linear and log. I just find log works better for big percentage changes in charts which cryptos and in particular alts have.
"Generally, the log scale (to be precise - the semi-logarithmic scale) is much more useful than the linear one, which is precisely why we use it. The logic behind that is also the root of technical analysis – emotionality. Which will cause the same emotional swing as an increase in the value of something from $1 to $1.50? Will it be an increase from $50 to $50.50, or an increase from $50 to $75? Naturally, the latter, because in both cases the move is substantial and offers a possibility of a 50% gain on invested capital."
Time is flying...
Anybody well versed with TA could give a TA opinion on current situation? Aren't we breaking a downtrend as we speak?
So according to the most basic TA it will go to zero
When it then goes below zero who do I owe money/btc to
I'm not even sure if you're being serious. Refer to the bolded part of binaryFate's question and don't be so asinine.
Of course I wasn't being serious. Sorry, as you obviously are and have been consistently. Serious without being self serving.
It was these qualities of your posts in the btc speculation thread last year which are a large part of the reason I decided Monero was something serious.
Thank you
Apologies for the quip then, a rather heavy night last night meant I didn't wake up in the best of moods this morning
Time is flying...
Anybody well versed with TA could give a TA opinion on current situation? Aren't we breaking a downtrend as we speak?
So according to the most basic TA it will go to zero
When it then goes below zero who do I owe money/btc to
I'm not even sure if you're being serious. Refer to the bolded part of binaryFate's question and don't be so asinine.
Of course I wasn't being serious. Sorry, as you obviously are and have been consistently. Serious without being self serving.
It was these qualities of your posts in the btc speculation thread last year which are a large part of the reason I decided Monero was something serious.
Thank you
Time is flying...
Anybody well versed with TA could give a TA opinion on current situation? Aren't we breaking a downtrend as we speak?
So according to the most basic TA it will go to zero
When it then goes below zero who do I owe money/btc to
I'm not even sure if you're being serious. Refer to the bolded part of binaryFate's question and don't be so asinine.
but why the use of log instead of linear?
Time is flying...
Anybody well versed with TA could give a TA opinion on current situation? Aren't we breaking a downtrend as we speak?
So according to the most basic TA it will go to zero
When it then goes below zero who do I owe money/btc to
I'm not even sure if you're being serious. Refer to the bolded part of binaryFate's question and don't be so asinine.
Re entried with most of my trading stash around 0.002
Yep. I got tired of waiting for another 10% drop. The invisible wall could just as easily cause a spike of that or more at any time, and the name of my game is accumulation, not crumb catching. Might have had even more by waiting, but I will just get more XBT and still buy at 0.0018 and down, should we go there. If not, I have more XMR than last week. Mission accomplished.
The world and privacy are still going to shit. Buy more monero.
Re entried with most of my trading stash around 0.002
Up until Saturday my dominant crypto strategy was accumulating cheapish btc for later conversion to xmr.
Now, my dominant crypto strategy is to burn those btc on cheapish xmr.
Now, my dominant crypto strategy is to burn those btc on cheapish xmr.
Nothing changed during the week, except now I have more fiat, less btc, and more xmr.
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