[XMR] Monero Speculation - page 2079.

rpietila

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Quote from: aminorex on January 16, 2015, 04:41:19 PM

Quote from: e-coinomist on January 16, 2015, 06:47:55 AM

So we can be sure of 1 XMR beeing 1 XMR in 2016, since it is not a staking coin, and that's it.

Or 1.08243216 XMR, if you subscribe to the development bond proposed in the main thread; 1.48594739598 XMR in 2020.

1 XMR invested in the Hypothecary Bank long bond (guaranteed by the Town and His Majesty The King) in CryptoKingdom, is returning 2.5 XMR in January-2016.

aminorex

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Sine secretum non libertas

Quote from: e-coinomist on January 16, 2015, 06:47:55 AM

So we can be sure of 1 XMR beeing 1 XMR in 2016, since it is not a staking coin, and that's it.

Or 1.08243216 XMR, if you subscribe to the development bond proposed in the main thread; 1.48594739598 XMR in 2020.

vince232

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Activity: 308

Merit: 250

Quote from: e-coinomist on January 16, 2015, 06:47:55 AM

Quote from: vince232 on January 15, 2015, 09:00:20 PM

what do you think will be the price of xmr in 2016? its confusing with all those numbers

Would be unfair saying "x.yz BTC" since we neither know the value of a Dollar, nor of a BTC for 2016 just right now.
So we can be sure of 1 XMR beeing 1 XMR in 2016, since it is not a staking coin, and that's it.

If BTC does more of the same as it did during last 14 monthes, XMR will always follow. The current "coupling" is toxic on the medium term.

I would turn all enthusiastical if a marketplace soars of from the grounds that sells XMR for fiat, arrangeable right around your local corner pub. BTC lacks that the most. When I want to buy coins, I have to snapshot myself with passport hold up and pants all down, like pron stars are used to do at the movie set.

+1

e-coinomist

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Money often costs too much.

Quote from: vince232 on January 15, 2015, 09:00:20 PM

what do you think will be the price of xmr in 2016? its confusing with all those numbers

Would be unfair saying "x.yz BTC" since we neither know the value of a Dollar, nor of a BTC for 2016 just right now.
So we can be sure of 1 XMR beeing 1 XMR in 2016, since it is not a staking coin, and that's it.

If BTC does more of the same as it did during last 14 monthes, XMR will always follow. The current "coupling" is toxic on the medium term.

I would turn all enthusiastical if a marketplace soars of from the grounds that sells XMR for fiat, arrangeable right around your local corner pub. BTC lacks that the most. When I want to buy coins, I have to snapshot myself with passport hold up and pants all down, like pron stars are used to do at the movie set.

binaryFate

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Still wild and free

What price should we reach to break the long term down trend that was resumed recently?

papa_lazzarou

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Quote from: vince232 on January 15, 2015, 09:14:36 PM

Quote from: explorer on January 15, 2015, 09:12:43 PM

Quote from: vince232 on January 15, 2015, 09:00:20 PM

what do you think will be the price of xmr in 2016? its confusing with all those numbers

Yet another number Undecided

well im hoping it will be simple like 0.1/0.001/0.5. like that figures

Let's just say that, in 2016, XMR price certainly won't be 30 cents.

vince232

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Activity: 308

Merit: 250

Quote from: explorer on January 15, 2015, 09:12:43 PM

Quote from: vince232 on January 15, 2015, 09:00:20 PM

what do you think will be the price of xmr in 2016? its confusing with all those numbers

Yet another number Undecided

well im hoping it will be simple like 0.1/0.001/0.5. like that figures

explorer

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Activity: 2016

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Quote from: vince232 on January 15, 2015, 09:00:20 PM

what do you think will be the price of xmr in 2016? its confusing with all those numbers

Yet another number Undecided

vince232

sr. member

Activity: 308

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what do you think will be the price of xmr in 2016? its confusing with all those numbers

canth

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Quote from: jehst on January 15, 2015, 11:49:35 AM

Quote from: ?? on ??

back to 0.0011 or even 0.001 ?
monero looks weak, are all the big fish concentrated on btc? or even on chf ? Grin

who is buying? who is selling?

i buy slowly slowly Cool

`
I have already reached my long-term XMR holdings goal as a percentage of the eventual ~18.x+ million, so I am not going to support the price here at .001. If anything, I'll donate more to the XMR projects. But if we reach .0005 to .0008, it might be too tempting to resist picking up some more.
Keep in mind where we're going to be in the medium term. Look at the numbers. Bitcoin will likely have another major rally sometime around its blockhalving.

Emission:
https://bitcointalksearch.org/topic/m.8108185
When bitcoin has its blockhalving in ~July 2016, XMR's emission is going to be down to ~3,500 coins per day instead of today's ~17,000. What does that mean?

3,500 * .001 * $500 ( Let's be optimistic and say that bitcoin has recovered to $500 before it starts its next major rally.) = $1750 per day to buy every coin.

$1750? How many XMR supporters do you think it would take to dry up the entire daily supply of XMR and push its price upward during a bitcoin rally in 2016? It's simply not realistic to have a ~3,500 coin/day emission and a .001 price. And no one is going to be able to complain about anything because we are bumping these XMR threads every day and telling everyone exactly what's going to happen.

+1 - I too have reached the amount I want to hold, given current prices. Of course a 50% dip from here could definitely change my mind. In the meantime, the emission rate is what it is - a distribution mechanism and given the decreasing prices, I would imagine that XMR should end up being distributed relatively widely.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: ?? on ??

back to 0.0011 or even 0.001 ?
monero looks weak, are all the big fish concentrated on btc? or even on chf ? Grin

who is buying? who is selling?

i buy slowly slowly Cool

`
I have already reached my long-term XMR holdings goal as a percentage of the eventual ~18.x+ million, so I am not going to support the price here at .001. If anything, I'll donate more to the XMR projects. But if we reach .0005 to .0008, it might be too tempting to resist picking up some more.
Keep in mind where we're going to be in the medium term. Look at the numbers. Bitcoin will likely have another major rally sometime around its blockhalving.

Emission:
https://bitcointalksearch.org/topic/m.8108185
When bitcoin has its blockhalving in ~July 2016, XMR's emission is going to be down to ~8,000 coins per day instead of today's ~17,000. What does that mean?

8,500 * .001 * $500 ( Let's be optimistic and say that bitcoin has recovered to $500 before it starts its next major rally.) = $4250 per day to buy every coin.

$4250? How many XMR supporters do you think it would take to dry up the entire daily supply of XMR and push its price upward during a bitcoin rally in 2016? It's simply not realistic to have a ~8,500 coin/day XMR emission and a .001 price. The price is going to go up and no one is going to be able to complain about anything because we are bumping these XMR threads every day and telling everyone exactly what's going to happen.

EDIT: Fixed numbers.

dnaleor

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Want privacy? Use Monero!

XMR is dirt cheap now. I'm buying small amounts daily

jehst

hero member

Activity: 798

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21 million. I want them all.

Quote from: GingerAle on January 14, 2015, 10:34:17 PM

Quote from: jehst on January 14, 2015, 10:25:49 PM

Quote from: Brilliantrocket on January 14, 2015, 10:22:08 PM

Quote from: jehst on January 14, 2015, 10:17:34 PM

Quote from: Brilliantrocket on January 14, 2015, 10:14:21 PM

Quote from: jehst on January 14, 2015, 07:34:35 PM

Quote from: smooth on January 14, 2015, 03:48:17 PM

Quote from: shitaifan2013 on January 14, 2015, 09:52:50 AM

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.

Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.

Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.

Ah ok.

Yeah, I wouldn't mind an extremely high priced XMR and a billion computers mining it at all. Grin

Yes yes!!! Especially if they were all full-node non-pool CPU miners.

An additional side-effect of a billion people each gaining small amounts of XMR is a billion potential customers for a business that accepts XMR. In the current situation, 3600 bitcoin is awarded to perhaps a few thousand professional miners per day. The miners need to sell a portion of those BTC to cover costs. The rest is profits going to a few thousand people.

In a situation where a billion CPUs dominate XMR mining, you'd have hundreds of millions of people whose equipment and electricity costs are basically negligible sunk costs. They're just receiving XMR and they will spend it all kinds of things. A real economy. The endgame of a CPU/GPU coin is drastically different in ways few people have thought about.

The near-term game for both is the same. 99%+ speculation.

GingerAle

legendary

Activity: 1260

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Quote from: jehst on January 14, 2015, 10:25:49 PM

Quote from: Brilliantrocket on January 14, 2015, 10:22:08 PM

Quote from: jehst on January 14, 2015, 10:17:34 PM

Quote from: Brilliantrocket on January 14, 2015, 10:14:21 PM

Quote from: jehst on January 14, 2015, 07:34:35 PM

Quote from: smooth on January 14, 2015, 03:48:17 PM

Quote from: shitaifan2013 on January 14, 2015, 09:52:50 AM

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.

Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.

Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.

Ah ok.

Yeah, I wouldn't mind an extremely high priced XMR and a billion computers mining it at all. Grin

Yes yes!!! Especially if they were all full-node non-pool CPU miners.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: Brilliantrocket on January 14, 2015, 10:22:08 PM

Quote from: jehst on January 14, 2015, 10:17:34 PM

Quote from: Brilliantrocket on January 14, 2015, 10:14:21 PM

Quote from: jehst on January 14, 2015, 07:34:35 PM

Quote from: smooth on January 14, 2015, 03:48:17 PM

Quote from: shitaifan2013 on January 14, 2015, 09:52:50 AM

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.

Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.

Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.

Ah ok.

Yeah, I wouldn't mind an extremely high priced XMR and a billion computers mining it at all. Grin

Brilliantrocket

hero member

Activity: 826

Merit: 500

Quote from: jehst on January 14, 2015, 10:17:34 PM

Quote from: Brilliantrocket on January 14, 2015, 10:14:21 PM

Quote from: jehst on January 14, 2015, 07:34:35 PM

Quote from: smooth on January 14, 2015, 03:48:17 PM

Quote from: shitaifan2013 on January 14, 2015, 09:52:50 AM

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.

Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.

Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.

Ah ok.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: Brilliantrocket on January 14, 2015, 10:14:21 PM

Quote from: jehst on January 14, 2015, 07:34:35 PM

Quote from: smooth on January 14, 2015, 03:48:17 PM

Quote from: shitaifan2013 on January 14, 2015, 09:52:50 AM

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.

Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.

Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

I was speaking from the perspective of a professional miner who had switched from mining BTC to a CPU coin.

Brilliantrocket

hero member

Activity: 826

Merit: 500

Quote from: jehst on January 14, 2015, 07:34:35 PM

Quote from: smooth on January 14, 2015, 03:48:17 PM

Quote from: shitaifan2013 on January 14, 2015, 09:52:50 AM

with all the (cloud) mining companies getting into trouble in the bitcoin space right now, is it possible that they will turn their eyes towars xmr, since the required hardware is cheaper to obtain/produce/run?

I dont know if it really works on an industrial scale, but for a hobby miner GPU/CPU equipment is much less risky because it has other value. If the coin drops and/or difficulty rises you can still sell it as used computer gear, but specialized mining gear rises and falls in value with the coin itself.

Competing with a billion CPUs doesn't sound fun. And a billion CPUs mining is what could happen if a cpu-mined coin had a mega-bubble and the entire world realized they could mine it.

Mining isn't about you being able to make money. It isn't about designing something so that some people can have a competitive advantage and rake in lots of money. It's about securing the network. The entire world mining would actually be ideal. The more decentralization, the better.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

Quote from: ArticMine on January 14, 2015, 08:19:56 PM

... or some people decide to save on their heating costs http://listsbuzz.com/top-10-coldest-countries-in-the-world/

Well energy is cheap enough in Russia (which has the majority of the population of that list) that investment electric heaters in the form of CPUs probably wouldn't be attractive compared to natural gas or oil unless there's a megabubble anyway.

nioc

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Activity: 1624

Merit: 1008

Quote from: ArticMine on January 14, 2015, 08:19:56 PM

... or some people decide to save on their heating costs http://listsbuzz.com/top-10-coldest-countries-in-the-world/

You've said that many times and I just now connected it with your name Embarrassed

Topic: [XMR] Monero Speculation - page 2079. (Read 3313076 times)