Topic: [XMR] Monero Speculation - page 1996. (Read 3313076 times)

Here is how a selling is organized in companies often:

You have two type of workers:

1) Booker - comission based salary
2) Salesmen (this case it sounds better for customers if you call the salesmen by name of "broker").

The booker nakes appointments for salesmen and the salesmen sells.
This is very much a game of numbers but also personal skills are good to have. The good news is, one can learn to be a good salesman within 1-2 years if one is willing to put an effort on the learning.
You need to have a psychological sensitivity (to see which kind of arguments will sell this particular person).

Bad sellers sell usually 10 % of their appointments.
Good sellers close 50 % or more of their appointments.

In the beginning the learning curve is pretty steep, but it requires tons of contacts. The more contacts, the more sells.

I suggest to target millionaires since they can afford even lose 30 000+ usd (it is only 3+ % of their networth and often they have used to have some fluctuation in their portfolios).


The most important thing is to be honest and straight. I am sure the customer will ask at some point what are the risks, just tell him the probability of 75 % it will go to 0 and you lose 3 % of your portfolio value (which is not bad for him even if the absolute values might sound bad for us).
Honesty also pays off. When Monero is more developed, those people might be willing to buy even more coins from you.

Also you might offer two type of deals: 1) you agree on a fixed price you sell the coins 2) you marketbuy the coins but you substact or add your comission.
Since most of the sellers are bad in the beginning, 10-20 % comission is perhaps good to take (if you agree the fixed price you need to evaluate the slippage + your comission).

For salesmen I cannot emphasize more to prepare well for the appointment (perhaps the booker can take notes what they were talking about on the phone etc - in this way you can learn what is important probably for the customer).


The good news is: In the world there are more dollar-millionaires than never before in entire human history so there certainly is potential now if never.

lol tell him he can buy a boat load of drugs with this in 2020

Please could you give some arguments on why is it immoral to sell xmr to millionaires with sums they will even bother to consider investing. You are ridiculing a guy who is worth 1 million usd if you offer him an investment for 1000. Also seller needs comissions and there is not much possible to earn if you are selling only smaller amounts.

I do think it has a much (like multiples) higher chance to not go to zero than most other coins, and I'm basing that on an assessment of the project more than anything else. Still multiples of a small number is a small number so...

Most cryptos if not all will go to zero eventually. Will monero be one of the MAYBE 2-3 that survive? Possibly.
It's better to think this way than be blinded like some of the other coin fans(you know who I mean) that today think they are taking over the world.

I don't imagine an instant collapse. More likely is a slow slide to zero as it goes nowhere, largely due to market as opposed to technical factors. This could include failure to achieve critical mass at a time when the market perceives this to no longer be plausible, leading to a downward spiral of liquidity and capitalization.

There also could be some partial instant collapses, such as the release of a coin based on zerocash or a Bitcoin ring signature sidechain.

Possible reasons:

1. Bitcoin-style cryptocurrency not seen as useful (enough) by the market. Leads to same sort of downward liquidity spiral as above, but for the entire cryptocoin universe (except maybe other platform concepts such as Ripple, fiatcoin, etc.).

2. Private cryptocurrency is not seen as useful by the market. Ditto.

3. Bitcoin is perceived private enough or becomes more private (incl. sidechain)

4. Zerocoin is perceived as trusted enough (both in terms of setup and cryptographic maturity)

5. Dark/dash is perceived as private enough (and/or is improved). Requires Dark/dash to also not collapse into a financial smoldering wreckage, or other non-privacy-related failure.

6. An unknown black swan technology replaces Bitcoin, and is perceived as private enough or has a private version.

7. An unknown black swan technology replaces Monero's ring sigs, etc., and is perceived as private enough or has a private version. Monroe does not adopt/adapt, or fails to do so quickly enough.

I'm sure there are more.

But overall, I'm fairly convinced that failure to "take off" at some point will lead to the liquidity implosion into irrelevance (maybe not literally zero for very long time, but eventually that).

I find it difficult to imagine a scenario in which XMR goes to zero.  I find it difficult to imagine a situation in which XMR sees a dip below 0.0014 for more than a few hours (dumping case) or days (major technical issue case), for that matter.  Not just now, but forever.  What do you imagine that could do it, short of a full-on criminalization of the technology?  Any technical issue will be fixed in short order, if not by core, then by others.  Even full-on criminalization will be a short-term hurdle, when I2P integration is effective.  To say it probably will go to zero seems ludicrous to me.

 

It takes BRASS BALLS to sell Monero!

We need the glengarry leads. We need the good leads!

Depends how you go about it. Good intentions pave the road to hell, is all. You can't guarantee Monero's outcome, or even someone's own outcome with Monero (e.g. lost wallet).
And this is if you're genuine about the technology and philosophy.

But if you're like TrueCryptonaire here, it sounds like he/she just wants sheep to fleece.

Have you heard of Monero? It's the situation of a lifetime, Mister.

Ever have a neighborhood kid come by and solicit you to buy shitty knives or chocolates of some company in the name of supporting whatever sympathizable cause? ...similar feeling, but good luck having the same appeal when you're some middle aged dude cold calling a stranger

And it's just an invasion of privacy unless these people are in some contact list they agree to be in for such solicitations.

Isn't this basically what Rpietilla does with his whale pod?

If and only if you are dealing exclusively with sophisticated investors then I don't see a problem with it.

I hope no one is doing this. It's a technology not snake oil.

This is kind of a morally depraved way of going out about this, just because it reeks of solicitation, an ugly situation to put someone in.

It may be a hard sell until the internet of things is in full swing--then it becomes a choice of do you want your drones publicly or privately funded? Monero may be only an iteration towards quantum money (with perhaps zero cash in between), but it seems a necessary one if you want iot to work fluidly--the last thing most people want is theft drones intercepting their stuff because they glean info off of a public blockchain.

Investors are needed for Monero.
I am convinced in the world exists money enough to buy up the Monero and rise the marketcap significiantly. The problem is to find those people.
A good way to make money is to try to find local rich people's contact details and start contacting them (not explaining things in technical jargon but in the language of average Joe), then find the right people and sell them coins with markup which is your salary.
You might get nice hourly wage in this way by the way. Just tell them you are not accepting less than 30 000 usd investments per person. 

I also emailed everyone I (personally) know about Monero in November when MyMonero launched. Offered them free monero if they signed up but nobody did it. Now I followed up again the other day, and this is the only response I got. (from a a smart professional person)


Monero is still a difficult pitch for the average person that doesn't care about privacy, doesn't use bitcoin yet, etc.

I guess (official) GUI is quite triviality.
If I am not mistaken, there are some GUIs already so it is easy just nominate one of them to be GUI.
Also I enjoy Mymonero.com... It is most likely safer than a wallet in own computer since hard drives break sometimes.