[XMR] Monero Speculation - page 1977.

coinits

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011110000110110101110010

Quote from: rpietila on April 01, 2015, 09:19:01 AM

Silver coins also don't have an appreciable economy. But if fiat, banks and Internet fail, it does not take long for such to form, because silver becomes the good with the highest score in "monetary attributes" column.

Similarly, there is no pressing need to develop an economy for an alt as long as Bitcoin is around. Also one of the attributes of money is marketcap, which for XMR is laughably small (but going into the right direction Wink

)

Diversity is your friend but I am sure that you already know that. Buy silver coins and sit on them.

I am surprised that the Satoshi Clan has not forked BTC and offered up a mutant form of it to add in anonymity. Oh well. It's their loss and XMR's / our gain!

Its About Sharing

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Antifragile

Quote from: TrueCryptonaire on April 01, 2015, 11:56:02 AM

Quote from: hodlmybtc on April 01, 2015, 11:48:21 AM

Quote from: iCEBREAKER on April 01, 2015, 11:39:59 AM

Quote from: hodlmybtc on April 01, 2015, 11:20:22 AM

Quote from: TrueCryptonaire on April 01, 2015, 11:17:08 AM

Judging the Poloniex sell orderbook it is actually quite easy to reach 10 % btc marketcap for Monero.
I do not want to pump but I am quite positive we will reach it.
You can buy quite large stake of Moneros for 5,000-10,000 btc.
Perhaps if if you triple that you can shake pretty many weak hands.
Just a quick reminder, 5 kbtc represents just over 1 million usd.

Who doesn't want to get Mark Force IV'd? Grin

But yeah I'm also having some BTC/XMR on Polo for some short-term trades but most of my holdings aren't in exchanges because I don't want to get Mark Force XXXIV'd.

~200k XMR out of ~7m total supply is 2.85% of coins on Polo, which isn't a low percentage but it can and will definately go up as the price is moving up, or coins will be market sold into big buy orders as we saw 2 days ago.

It depends. Keep in mind that when we started the bull trend there was 500 k xmr in sell orders. So while the price has been rising, the number of coins for sale has decreased actually.

That is a really interesting stat. I wonder how much the liquidity (actively) has decreased and the affect that will have going forward.
T Minus...

TrueCryptonaire

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Quote from: hodlmybtc on April 01, 2015, 11:48:21 AM

Quote from: iCEBREAKER on April 01, 2015, 11:39:59 AM

Quote from: hodlmybtc on April 01, 2015, 11:20:22 AM

Quote from: TrueCryptonaire on April 01, 2015, 11:17:08 AM

Judging the Poloniex sell orderbook it is actually quite easy to reach 10 % btc marketcap for Monero.
I do not want to pump but I am quite positive we will reach it.
You can buy quite large stake of Moneros for 5,000-10,000 btc.
Perhaps if if you triple that you can shake pretty many weak hands.
Just a quick reminder, 5 kbtc represents just over 1 million usd.

Who doesn't want to get Mark Force IV'd? Grin

But yeah I'm also having some BTC/XMR on Polo for some short-term trades but most of my holdings aren't in exchanges because I don't want to get Mark Force XXXIV'd.

~200k XMR out of ~7m total supply is 2.85% of coins on Polo, which isn't a low percentage but it can and will definately go up as the price is moving up, or coins will be market sold into big buy orders as we saw 2 days ago.

It depends. Keep in mind that when we started the bull trend there was 500 k xmr in sell orders. So while the price has been rising, the number of coins for sale has decreased actually.

hodlmybtc

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Quote from: iCEBREAKER on April 01, 2015, 11:39:59 AM

Quote from: hodlmybtc on April 01, 2015, 11:20:22 AM

Quote from: TrueCryptonaire on April 01, 2015, 11:17:08 AM

Judging the Poloniex sell orderbook it is actually quite easy to reach 10 % btc marketcap for Monero.
I do not want to pump but I am quite positive we will reach it.
You can buy quite large stake of Moneros for 5,000-10,000 btc.
Perhaps if if you triple that you can shake pretty many weak hands.
Just a quick reminder, 5 kbtc represents just over 1 million usd.

You can't make conclusions like that by judging the orderbook at this moment.

Most coins aren't held on exchanges since noone wants to get goxxed, if the price would rise to let's say 0.006 a lot more XMR will pop up on the sell side.

Even under threat of being goxxed (DEA'd? Mark Force IV'd?) there are still over 600 brave BTC on Polo chasing ~200k XMR.

Wait until everyone else realizes the XMR rocket is only going straight to the moon, and then we'll see some proper FOMO panic buying (especially when a fiat<->XMR exchange comes online). Cool

Who doesn't want to get Mark Force IV'd? Grin

But yeah I'm also having some BTC/XMR on Polo for some short-term trades but most of my holdings aren't in exchanges because I don't want to get Mark Force XXXIV'd.

~200k XMR out of ~7m total supply is 2.85% of coins on Polo, which isn't a low percentage but it can and will definately go up as the price is moving up, or coins will be market sold into big buy orders as we saw 2 days ago.

iCEBREAKER

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Crypto is the separation of Power and State.

Quote from: hodlmybtc on April 01, 2015, 11:20:22 AM

Quote from: TrueCryptonaire on April 01, 2015, 11:17:08 AM

Judging the Poloniex sell orderbook it is actually quite easy to reach 10 % btc marketcap for Monero.
I do not want to pump but I am quite positive we will reach it.
You can buy quite large stake of Moneros for 5,000-10,000 btc.
Perhaps if if you triple that you can shake pretty many weak hands.
Just a quick reminder, 5 kbtc represents just over 1 million usd.

You can't make conclusions like that by judging the orderbook at this moment.

Most coins aren't held on exchanges since noone wants to get goxxed, if the price would rise to let's say 0.006 a lot more XMR will pop up on the sell side.

Even under threat of being goxxed (DEA'd? Mark Force IV'd?) there are still over 600 brave BTC on Polo chasing ~200k XMR.

Wait until everyone else realizes the XMR rocket is only going straight to the moon, and then we'll see some proper FOMO panic buying (especially when a fiat<->XMR exchange comes online). Cool

TrueCryptonaire

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Quote from: hodlmybtc on April 01, 2015, 11:32:06 AM

Quote from: TrueCryptonaire on April 01, 2015, 11:25:57 AM

Quote from: hodlmybtc on April 01, 2015, 11:20:22 AM

Quote from: TrueCryptonaire on April 01, 2015, 11:17:08 AM

Judging the Poloniex sell orderbook it is actually quite easy to reach 10 % btc marketcap for Monero.
I do not want to pump but I am quite positive we will reach it.
You can buy quite large stake of Moneros for 5,000-10,000 btc.
Perhaps if if you triple that you can shake pretty many weak hands.
Just a quick reminder, 5 kbtc represents just over 1 million usd.

Ofcourse 5000 BTC will take it to new ATH's, but at this stage it's just impossible to buy so much XMR without buying up the whole orderbook more than once.

Even if you would buy so much XMR you will have bought a lot of coins at a price where noone else wants to buy, so the price will crash shortly after and you will have lost a lot of those 5000 BTC in purchasing power.

Only the weakest guys are selling at these lows.
The Monero community consists mainly of second generation crypto people. I assume they are not interested in peanuts. I tell you, selling Monero below 1 btc per coin is selling Moneros for peanuts.
To drive the price high one need a plan. First decide where you want to buy it into and then buy and then create support for that price point.

hodlmybtc

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Activity: 700

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Quote from: TrueCryptonaire on April 01, 2015, 11:25:57 AM

Quote from: hodlmybtc on April 01, 2015, 11:20:22 AM

Quote from: TrueCryptonaire on April 01, 2015, 11:17:08 AM

Judging the Poloniex sell orderbook it is actually quite easy to reach 10 % btc marketcap for Monero.
I do not want to pump but I am quite positive we will reach it.
You can buy quite large stake of Moneros for 5,000-10,000 btc.
Perhaps if if you triple that you can shake pretty many weak hands.
Just a quick reminder, 5 kbtc represents just over 1 million usd.

You can't make conclusions like that by judging the orderbook at this moment.

Most coins aren't held on exchanges since noone wants to get goxxed, if the price would rise to let's say 0.006 a lot more XMR will pop up on the sell side.

I hate my bullish way of talking but indeed 5,000 btc alone will take the coin to new level - even if you expect some weak hands shaking their Moneros on your bosoms.
As you said, there are coins in the sidelines but also some sell orders might get cancelled when the sellers get the point.

Ofcourse 5000 BTC will take it to new ATH's, but at this stage it's just impossible to buy so much XMR without buying up the whole orderbook more than once.

Even if you would buy so much XMR you will have bought a lot of coins at a price where noone else wants to buy, so the price will crash shortly after and you will have lost a lot of those 5000 BTC in purchasing power.

TrueCryptonaire

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Activity: 1092

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Quote from: hodlmybtc on April 01, 2015, 11:20:22 AM

Quote from: TrueCryptonaire on April 01, 2015, 11:17:08 AM

Judging the Poloniex sell orderbook it is actually quite easy to reach 10 % btc marketcap for Monero.
I do not want to pump but I am quite positive we will reach it.
You can buy quite large stake of Moneros for 5,000-10,000 btc.
Perhaps if if you triple that you can shake pretty many weak hands.
Just a quick reminder, 5 kbtc represents just over 1 million usd.

You can't make conclusions like that by judging the orderbook at this moment.

Most coins aren't held on exchanges since noone wants to get goxxed, if the price would rise to let's say 0.006 a lot more XMR will pop up on the sell side.

I hate my bullish way of talking but indeed 5,000 btc alone will take the coin to new level - even if you expect some weak hands shaking their Moneros on your bosoms.
As you said, there are coins in the sidelines but also some sell orders might get cancelled when the sellers get the point.

Hueristic

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Doomed to see the future and unable to prevent it

Quote from: zhalox on April 01, 2015, 06:18:37 AM

...
Methinks XMR might (and probably will) "rise [like a] chikun" (as was chanted in the btc-e trollbox) like LTC ran from $1.11 to $48.48 in fall of 2013. This will likely accelerate as BTC finishes the bottoming pattern and begins its next rally to $3-$10k BTC/USD. XMR will be a greater "chikun" than LTC especially once GUI arrives and it grows widely adopted & utilized.

How much do you have left after Warz grabbed that 11k? Or did you just buy back at a loss?

hodlmybtc

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Activity: 700

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Quote from: TrueCryptonaire on April 01, 2015, 11:17:08 AM

Judging the Poloniex sell orderbook it is actually quite easy to reach 10 % btc marketcap for Monero.
I do not want to pump but I am quite positive we will reach it.
You can buy quite large stake of Moneros for 5,000-10,000 btc.
Perhaps if if you triple that you can shake pretty many weak hands.
Just a quick reminder, 5 kbtc represents just over 1 million usd.

You can't make conclusions like that by judging the orderbook at this moment.

Most coins aren't held on exchanges since noone wants to get goxxed, if the price would rise to let's say 0.006 a lot more XMR will pop up on the sell side.

vokain

legendary

Activity: 1834

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Well whatever it is, this one has been a lot more easygoing than surmounting Bitcoin's learning curve. Maybe necessary now for the bigger fight we might have to have.

Quote from: Its About Sharing on April 01, 2015, 11:07:39 AM

Now, this is where it gets interesting. Those with the foresight to see BTC years ago is a rare thing. Black Swans are hard to spot, even when explained and handed to you (e.g. Just think of all the people who have heard of this space (from us) and do absolutely nothing. Some of whom might even ask you for investment advice 2 weeks after this talk but never bring up BTC! Hello, Hello, McFly). Anyway, so now these select few are looking for the next great step within and without this space. And imo, some have found it...

Something (or is that someone) tells me quite a few of them are looking here. Wink

TrueCryptonaire

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Judging the Poloniex sell orderbook it is actually quite easy to reach 10 % btc marketcap for Monero.
I do not want to pump but I am quite positive we will reach it.
You can buy quite large stake of Moneros for 5,000-10,000 btc.
Perhaps if if you triple that you can shake pretty many weak hands.
Just a quick reminder, 5 kbtc represents just over 1 million usd.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: rpietila on April 01, 2015, 10:45:00 AM

So perhaps it is formal English, which has the problem. Judging your own manner of writing is understandably hard.

Anyway, the bold statement was intended to have the meaning:

"If ever in the future, some of the (honest - not intended to apply to premines such as Auroracoin or token coins with indeterminate supply and function) alts reaches even as low as 10-20% of BTC's marketcap, this is an indication that it has all that BTC has to offer and more, and will probably take over."

Well, this is an interesting statement, colloquial English aside.
A lot of the money in BTC is actually early adopters imo, perhaps even a majority, in a created wealth sense. Anyway, these early adopters have a bit of a wealth effect on their hands.
(Their at one time near worthless BTC's have now made them millionaires.) And where to put some of that? We have seen some very early brilliance from the likes of Erik Voorhees, imo.

Now, this is where it gets interesting. Those with the foresight to see BTC years ago is a rare thing. Black Swans are hard to spot, even when explained and handed to you (e.g. Just think of all the people who have heard of this space (from us) and do absolutely nothing. Some of whom might even ask you for investment advice 2 weeks after this talk but never bring up BTC! Hello, Hello, McFly). Anyway, so now these select few are looking for the next great step within and without this space. And imo, some have found it...

Something (or is that someone) tells me quite a few of them are looking here. Wink

rpietila

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So perhaps it is formal English, which has the problem. Judging your own manner of writing is understandably hard.

Anyway, the bold statement was intended to have the meaning:

"If ever in the future, some of the (honest - not intended to apply to premines such as Auroracoin or token coins with indeterminate supply and function) alts reaches even as low as 10-20% of BTC's marketcap, this is an indication that it has all that BTC has to offer and more, and will probably take over."

Its About Sharing

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Antifragile

Quote from: vokain on April 01, 2015, 10:29:13 AM

Quote from: Its About Sharing on April 01, 2015, 10:19:26 AM

Quote from: rpietila on April 01, 2015, 09:50:43 AM

Quote from: TheKoziTwo on April 01, 2015, 09:44:28 AM

Quote from: drawingthesun on April 01, 2015, 09:28:30 AM

Quote from: rpietila on April 01, 2015, 09:04:31 AM

If any alt reaches about 10-20% of Bitcoin's marketcap, Bitcoin is doomed in such a great probability that I'll sell mine (in favor of the alt).

Wasn't Litecoin at it's peak about $1 billion vs Bitcoin at the time around $10 billion?
Now look at Litecoin...

Litecoin, at its very highest peak reached ~0.05 LTC/BTC. Mostly it's been 0.03 or lower. Since supply is 4x that means LTC was worth 5*4 = 20% of bitcoin.

Although colloquial English cannot differentiate between present and future, it should be clear from the context that this clause refers to the future (hint: use of will indicates explicit future tense).

I think "reaches" is a state satisfied by the quality of the binary, "has it been reached (or touched, if you'd rather)?". Presently, the answer is "yes" by Litecoin but by using a future tense verb in conjunction, you could infer that he effectively means "when an alt reaches (or "touches") again i.e. in the future". I think. I don't know :p

I see. I just have never seen (or do the Americans prefer "I never saw" Grin

) colloquial English described as such. I've always seen it as an informal way, or street level way, of communicating.
And now he got me thinking...

Conjunction junction, what is your function? (No, don't tell me!)

Thx

Joshuar

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eidoo wallet

Quote from: luigi1111 on April 01, 2015, 10:10:57 AM

Quote from: TheKoziTwo on April 01, 2015, 09:44:28 AM

Quote from: drawingthesun on April 01, 2015, 09:28:30 AM

Quote from: rpietila on April 01, 2015, 09:04:31 AM

If any alt reaches about 10-20% of Bitcoin's marketcap, Bitcoin is doomed in such a great probability that I'll sell mine (in favor of the alt).

Wasn't Litecoin at it's peak about $1 billion vs Bitcoin at the time around $10 billion?
Now look at Litecoin...

Litecoin, at its very highest peak reached ~0.05 LTC/BTC. Mostly it's been 0.03 or lower. Since supply is 4x that means LTC was worth 5*4 = 20% of bitcoin.

Supply might be 4x, but they weren't released on the same dates. In November 2013 there were only approximately 2x as many LTC vs BTC, which still equals about 10% of market cap.

.
Besides, I think it's "cheating" when you have a coin supply much higher than Bitcoin's and then compare the coins ath marketcaps.

vokain

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Activity: 1834

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Quote from: Its About Sharing on April 01, 2015, 10:19:26 AM

Quote from: rpietila on April 01, 2015, 09:50:43 AM

Quote from: TheKoziTwo on April 01, 2015, 09:44:28 AM

Quote from: drawingthesun on April 01, 2015, 09:28:30 AM

Quote from: rpietila on April 01, 2015, 09:04:31 AM

If any alt reaches about 10-20% of Bitcoin's marketcap, Bitcoin is doomed in such a great probability that I'll sell mine (in favor of the alt).

Wasn't Litecoin at it's peak about $1 billion vs Bitcoin at the time around $10 billion?
Now look at Litecoin...

Litecoin, at its very highest peak reached ~0.05 LTC/BTC. Mostly it's been 0.03 or lower. Since supply is 4x that means LTC was worth 5*4 = 20% of bitcoin.

Although colloquial English cannot differentiate between present and future, it should be clear from the context that this clause refers to the future (hint: use of will indicates explicit future tense).

I think "reaches" has a state satisfied by the quality of the binary, "has it been reached (or touched, if you'd rather)?". Presently, the answer is "yes" by Litecoin but by using a future tense verb in conjunction, you could infer that he effectively means "when an alt reaches (or "touches") again i.e. in the future". I think. I don't know :p

Its About Sharing

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Activity: 1442

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Antifragile

Quote from: rpietila on April 01, 2015, 09:50:43 AM

Quote from: TheKoziTwo on April 01, 2015, 09:44:28 AM

Quote from: drawingthesun on April 01, 2015, 09:28:30 AM

Quote from: rpietila on April 01, 2015, 09:04:31 AM

If any alt reaches about 10-20% of Bitcoin's marketcap, Bitcoin is doomed in such a great probability that I'll sell mine (in favor of the alt).

Wasn't Litecoin at it's peak about $1 billion vs Bitcoin at the time around $10 billion?
Now look at Litecoin...

Litecoin, at its very highest peak reached ~0.05 LTC/BTC. Mostly it's been 0.03 or lower. Since supply is 4x that means LTC was worth 5*4 = 20% of bitcoin.

Although colloquial English cannot differentiate between present and future, it should be clear from the context that this clause refers to the future (hint: use of will indicates explicit future tense).

luigi1111

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Activity: 1105

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Quote from: TheKoziTwo on April 01, 2015, 09:44:28 AM

Quote from: drawingthesun on April 01, 2015, 09:28:30 AM

Quote from: rpietila on April 01, 2015, 09:04:31 AM

If any alt reaches about 10-20% of Bitcoin's marketcap, Bitcoin is doomed in such a great probability that I'll sell mine (in favor of the alt).

Wasn't Litecoin at it's peak about $1 billion vs Bitcoin at the time around $10 billion?
Now look at Litecoin...

Litecoin, at its very highest peak reached ~0.05 LTC/BTC. Mostly it's been 0.03 or lower. Since supply is 4x that means LTC was worth 5*4 = 20% of bitcoin.

Supply might be 4x, but they weren't released on the same dates. In November 2013 there were only approximately 2x as many LTC vs BTC, which still equals about 10% of market cap.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: TheKoziTwo on April 01, 2015, 09:44:28 AM

Quote from: drawingthesun on April 01, 2015, 09:28:30 AM

Quote from: rpietila on April 01, 2015, 09:04:31 AM

If any alt reaches about 10-20% of Bitcoin's marketcap, Bitcoin is doomed in such a great probability that I'll sell mine (in favor of the alt).

Wasn't Litecoin at it's peak about $1 billion vs Bitcoin at the time around $10 billion?
Now look at Litecoin...

Litecoin, at its very highest peak reached ~0.05 LTC/BTC. Mostly it's been 0.03 or lower. Since supply is 4x that means LTC was worth 5*4 = 20% of bitcoin.

Although colloquial English cannot differentiate between present and future, it should be clear from the context that this clause refers to the future (hint: use of will indicates explicit future tense).

Topic: [XMR] Monero Speculation - page 1977. (Read 3314330 times)