Topic: [XMR] Monero Speculation - page 2000. (Read 3313076 times)

The only right way to think about if something will go up or down is to think it from the perspective of supply/demand intermediation.
Supply we know from the parameters. Then you ask yourself a question will there be more propensity to hold coins than today. Note, if there are 2 guys holding each coin for 1 week and one coin per person, it means one coin is held 2 weeks (for instance, if I am paying my rent with 1 xmr after holding it for one week and the landlord of my appartment is holding the coin for 1 more week before cashing it out, the coin is held 2 weeks, but in the hands of different persons).
Therefore, creating chains of holders is important for developing the Monero economy after we have some kind of merchant acceptance.
Now we still are in the age of speculation so we need to think if the willingness to hold a coin will decrease or increase from the current level. Personally I think the price of the coin doesn't matter wether it is under/overpriced, all that matters is, will there be more held coins vs. emitted coins in the future than there is now.
I am optimistic in this and therefore I am holding. I am thinking there is relatively high chance of higher amounts of coins held than there is now. If I didn't think in this way I would have dumped (all) my coins long time ago.

Even if Monero fails in getting merchants, it doesn't mean it wouldn't succeed better than bitcoin. Monero is kind of better coin for storing wealth, in this it is a little bit like UNO but with bigger community.
The network-effect and adoption will happen by raising the price little by little all the time and making sure, the long term holders will not be at loss. That will create satisfied salesmen for the coin and the price can rise exponentially.

I don't know if it is underpriced or overpriced. I guess it just depends how popular it becomes (is it the only coin used on that market or just one of many, etc.), also how willing people are to hold onto it (even just temporarily) while using it for trading.

As far as barriers, none really, at least no hard barriers. The development effort is there, and the fact that without the DB build the memory requirements are pretty high. But really, if a half dozen or so exchanges, plus xmr.to, plus a former (now absconded) gambling site, and some other sites can integrate the code there can't be show stopping barriers to it.

This will all get better as we continue ticking off the development goals (see web site for the list).

Ok well then in terms of question Number 2. At $0.70-$0.75 isn't Monero under priced if it were to ever be used in lets say an underground market for example? And what other barriers would there be to implementation of Monero in such a marketplace if any?

No, as evidenced by the several exchanges that have already done it (including a few more that aren't around any more).

Walletnotify/blocknotify are are APIs from bitcoin (and bitcoin forks) and when we support something closer to those (it likely won't ever be exact because of the inherent differences in the technology), it will become easier to integrate with systems already supporting those other coins. But without them it can obviously still be done, just with a bit more work.

Without a WalletNotify API within bitmoneroed does that limit the ability of exchanges or potentially a marketplace from incorporating Monero as the primary transaction payement service? And at only $0.75 per XMR, don't you guys think Monero is still severely undervalued if it ever became incorporated as the main payment method of a marketplace whether it be an underground marketplace or not...

Thank you for reminding me of that quote, it certainly fits. One of my favorite authors and thinkers.

i must be a grandpa. i registered my account in 2010

Just realised zhalox is an old-time (2011) bitcoiner.  

And looking at the polonibox log it's not the first time he's flashed amounts.  

There are now a fight between bulls and bears in the markets.

Right, because, you know if bringing it up wasn't such a touchy subject then surely the problem would stand on its own merits.

 

It's not the most talked about topic in the alt coin section. Far from. DARSH* name pop up all the time, and should be followed with a legal disclaimer like so.

To quote Nassim Taleb (author or Black Swan and Anti-fragility): "If you see fraud and don't shout fraud, you are a fraud".


*Please note that DARSH has been instamined for 2 million.

Sitting on .003 now. When we cross with some sustain, it may be violent, as you can decipher from the lack of liquidity.

I was sarcastic. Sorry, it was silly to believe it would be obvious, it never works as intended over the internet...

UNO indeed has appealing emission curve. In this I agree with you.
If UNO community was bigger, there is basically no limits to the price with their parameters.

Our emission curve is steep (not as steep though, but compared to many other coins it is steep) - in a few years most of coins are mined given there is no long tail emission.
Also Monero has relatively large and (bitcoin) wealthy community. Surprisingly many people whose most belongings are in bitcoins (most likely so).

It's a pity though, our curve is not as good as the UNO one   

Thank you for the link. I am reading, while drinking some mineral water, the posts of summer 2011 when bitcoin was a few bucks each.
Can you imagine, it went from few dollars over 1000 usd within 2.5 years. Monero has better chances thanks to our emission curve which is steeply decreasing.
What is your plan, what are you going to do with your money when it hits some serious numbers?
My plan is to rebuy all my debts, buying some real estates, (dividend paying) stocks perhaps, perhaps some precious metals (I have not been owning much gold or silver since 2011), giving out some of money to causes I believe in, investing in start-ups that might do well and keep a large stash still Moneros.

Here you go -> https://bitcointalksearch.org/topic/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen-12156

get your tickets, get some popcorn, and hold on because the ride is about to speed up!

I'm expecting a stable breakthrough into the 003 to 004 range soon. That will be an important consolidation zone and I expect the price will stay there for a while. A move towards 005 would be much more of a game changer.

Yup! Legendary threads. I am also looking for thread that is called. "I am pretty sure we are going to be new wealthy elite".