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Topic: [XMR] Monero Speculation - page 2082. (Read 3313076 times)

hero member
Activity: 588
Merit: 504
January 11, 2015, 02:32:08 PM
Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.
Not seen that in 2014. More of the opposite.

Bitcoinland is only 6 years old, and the current period of not reaching new heights cannot be even called "unprecedented", because we've already had a longer one. The statistical models such as the exponential trendline start to lose their value when their R^2 is not any more the largest of the models in existence.This may happen during 2015, let's see.

What do you think of sgbett's $560k thread (https://bitcointalksearch.org/topic/prediction-next-spike-560000-14-oops-months-from-now-2017-update-800330) ? What would happen to XMRBTC in such a scenario?

If XMR on its own accord does not do anything out of the ordinary I would expect a spike to over 0.01 XBT and possibly even as high as 0.10 XBT under such a scenario, just based on the performance of other alt-coins is past. Here are some examples: http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime, http://www.cryptocoincharts.info/pair/nmc/btc/btc-e/alltime. That would place XMR/USD in the 5600 to 56000 range.

If there are significant improvements in XMR then it could be higher.

Agree and when Bitcoin reaches $560k, in that scenario I would expect a spike in CZC (CzechCrownCoin) to 0.0015090 XBT and possibly even as high as 0.015090 XBT under such a scenario, just based on the performance of other alt-coins in the past. Because past performance is a reliable indicator of future returns. That would place CZC/USD in the 845 to 8450 range.

If we look at some charts http://www.cryptocoincharts.info/pair/xpy/btc/cryptsy/alltime
http://www.cryptocoincharts.info/pair/aur/btc/cryptsy/alltime we can see these pair of shitcoins will at least rise to their former ATH for a combined USD denominated market cap exceeding that of Oracle corp.

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On a serious note it's a ballsy prediction (1,513,413% to 15,135,035% increase), I think even risto only predicted a 1000x fiat-denominated rise in Monero, although coincidentally that was when Monero was trading at just over double it's current rate - equally the total supply of XMR was just under half todays rate (and USD/BTC was just over double what it is now) so taken the market into account that would be a way higher today, whereas the scale of your prediction assumes that for every $10 put into monero today you will see anywhere from $150k to $1.5MM returned. And the top holder of XMR as outlined https://bitcointalksearch.org/topic/xmr-rpietila-monero-economics-thread-702140 would earn some quite nice pocket change,  (anywhere from $1.6billion to $16billion)- not a bad return for allocating some spare funds on poloniex into a command line bytecoin-fork and holding for another 12 months. It almost seems too good to pass up on, I suppose that's the same logic some theists (in the form of pascals wager) gamblers, or other notable investors have taken:

He must have enough money that it does not matter, he does not want to assume any risk whatsoever.

The risk of not holding monero is infinitely bigger than that of holding it.

With not holding, you can lose a sum equal to 1000x your net worth.

With holding, you can maximum lose the amount invested.

It is quite an enlightening and humbling experience to go back and read some of the earlier speculation/technical analyis in the flurry of Monero threads posted some months ago, around the time-frame of that quote


The following is only speculation about the price, and not intended to affect the trading decisions. Often trading decisions need to take into account volume, tax and other considerations.

Scenarios:

Fatal. Any of the following: Monero is found out to be a high level scam, Poloniex is hacked and coins stolen, tech breaks down etc. This would lead the supporters of Monero to stop their buying, and many speculators selling their coins. The exchange rate plummets to anything between 0 and 300. Going to zero in a short time is not likely unless the network totally crashes or even then (Goxcoins still have some value). The likelihood of this happening in the next 30 days is 1-5%.

Negative. Price turns down due to news or no news, coupled with great dumps that smash the support currently at ~400. If no support is found until 290, it breaks the rising bottoms trend, leading to further insecurity. Also Bitcoin starting to rise dramatically could lead to this outcome just because alts typically follow suit a little later. Likelihood 5-10%.

Slightly negative. Price fails to break 580 this week, and retreats back to 400, however the previous bottom in 290 is not threatened. Accumulation phase may continue in the sticky price area of 400-450. Likelihood 20-40%

Neutral. Slow grind higher continues with occasional spikes and dumps, 580 is taken but no definite push towards ATH. Likelihood 20-40%.

Slightly positive. The uptrend continues with a higher ascent, about 3-4% per day, leading to near 1000 before 30 days, which will likely to be a venue of some shuffling of the deck. Likelihood 10-20%

Positive. 1000 is destroyed and march higher goes on relentlessly (may also make a bubble top and come down in the space of 30 days, nevertheless only after making a new ATH). Likelihood 10-20%.

Stellar. Some external event means that investment capital flocks into Monero, and even $10 million compared to the market cap of about the same range means that a completely new range is established. Price can go to 5000 in an instant, yet will find its support level much lower. Likelihood 2-10%.





pa
hero member
Activity: 528
Merit: 501
January 11, 2015, 01:32:57 PM
Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.
Not seen that in 2014. More of the opposite.

Bitcoinland is only 6 years old, and the current period of not reaching new heights cannot be even called "unprecedented", because we've already had a longer one. The statistical models such as the exponential trendline start to lose their value when their R^2 is not any more the largest of the models in existence.This may happen during 2015, let's see.

What do you think of sgbett's $560k thread (https://bitcointalksearch.org/topic/prediction-next-spike-560000-14-oops-months-from-now-2017-update-800330) ? What would happen to XMRBTC in such a scenario?

If XMR on its own accord does not do anything out of the ordinary I would expect a spike to over 0.01 XBT and possibly even as high as 0.10 XBT under such a scenario, just based on the performance of other alt-coins is past. Here are some examples: http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime, http://www.cryptocoincharts.info/pair/nmc/btc/btc-e/alltime. That would place XMR/USD in the 5600 to 56000 range.

If there are significant improvements in XMR then it could be higher.

The XMR/BTC appreciation would be because of BTC profit-takers seeking to diversify? Was that evident in past BTC spikes? I've never paid attention to alts before XMR.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
January 11, 2015, 01:27:45 PM
Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.
Not seen that in 2014. More of the opposite.

Bitcoinland is only 6 years old, and the current period of not reaching new heights cannot be even called "unprecedented", because we've already had a longer one. The statistical models such as the exponential trendline start to lose their value when their R^2 is not any more the largest of the models in existence.This may happen during 2015, let's see.

What do you think of sgbett's $560k thread (https://bitcointalksearch.org/topic/prediction-next-spike-560000-14-oops-months-from-now-2017-update-800330) ? What would happen to XMRBTC in such a scenario?

If XMR on its own accord does not do anything out of the ordinary I would expect a spike to over 0.01 XBT and possibly even as high as 0.10 XBT under such a scenario, just based on the performance of other alt-coins is past. Here are some examples: http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime, http://www.cryptocoincharts.info/pair/nmc/btc/btc-e/alltime. That would place XMR/USD in the 5600 to 56000 range.

If there are significant improvements in XMR then it could be higher.
pa
hero member
Activity: 528
Merit: 501
January 11, 2015, 01:12:35 PM
Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.
Not seen that in 2014. More of the opposite.

Bitcoinland is only 6 years old, and the current period of not reaching new heights cannot be even called "unprecedented", because we've already had a longer one. The statistical models such as the exponential trendline start to lose their value when their R^2 is not any more the largest of the models in existence.This may happen during 2015, let's see.

What do you think of sgbett's $560k thread (https://bitcointalksearch.org/topic/prediction-next-spike-560000-14-oops-months-from-now-2017-update-800330) ? What would happen to XMRBTC in such a scenario?
donator
Activity: 1722
Merit: 1036
January 11, 2015, 11:54:46 AM
Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.
Not seen that in 2014. More of the opposite.

Bitcoinland is only 6 years old, and the current period of not reaching new heights cannot be even called "unprecedented", because we've already had a longer one. The statistical models such as the exponential trendline start to lose their value when their R^2 is not any more the largest of the models in existence.This may happen during 2015, let's see.
legendary
Activity: 2380
Merit: 1085
Money often costs too much.
January 11, 2015, 11:08:09 AM
Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.
Not seen that in 2014. More of the opposite.
legendary
Activity: 3108
Merit: 1531
yes
January 11, 2015, 10:39:57 AM
Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.
legendary
Activity: 2380
Merit: 1085
Money often costs too much.
January 11, 2015, 10:29:14 AM
re: hash rate - someone in the main thread indicated that their antivirus was blocking their bitmonerod - maybe the botnets are getting hit by antivirus.
So your speculations are on rising value in between the following small timescale? Since botters have to dump immediately at any value, assuming they are renting "rigs" from a blackhat.
legendary
Activity: 1260
Merit: 1008
January 11, 2015, 09:25:49 AM
re: hash rate - someone in the main thread indicated that their antivirus was blocking their bitmonerod - maybe the botnets are getting hit by antivirus.
legendary
Activity: 1473
Merit: 1086
January 11, 2015, 06:25:10 AM
don't know if this belongs in the main thread or here, but wow - the network hash rate is the lowest I've seen since starting my monero endeavour.

The hashrate is currently a bit higher(13 MH instead of 10 MH), but still way lower than a few days ago. (19 MH -> 13 MH) I am really curious what could be responsible for these spikes.

I just fulfilled my dream to reach a specific percentage of the current bitcoin supply, it took me just a little more than a year. Smiley
My next goal is to accumulate 0,1% of the current monero supply. For that, i will buy daily for 12$(that is everything i can afford  Roll Eyes). It's not much, and all you whales will make fun of me, but it adds up over time and I still really like the coin and the people who are involved in it. (and obviously the conversations in this topic)

Overall I think the current price is a great long term opportunity. Especially if you keep in mind the slowing inflation, the future development milestones and the need for anonymity.

First congratulations on meeting your XBT goal. Dollar cost averaging XMR in this fashion is a very good strategy since the short term volatility works very much in your favour. I really like the daily cost averaging. It is also obvious that you have done your homework here, the timing of this post gives that away.  Wink As for whales making fun of you because of the cost averaging amount, I very much doubt it, what is far more likely however is that you become a whale. Many whales got started with small amounts and not just in crypto-currency.

Thank you. Smiley Unfortunately monero's price started to rise exactly the day i made my first purchase. That means i am a little bit behind my goal - nevertheless almost 500 xmr! Smiley
legendary
Activity: 1260
Merit: 1008
January 10, 2015, 11:07:43 AM
up? down? does someone even care about? will we visit 0.001 again?
share your thougths, i would be interested Grin

looks like during that last bitcoin dip, monero held value (maintained ~0.45 $). During this current bitcoin dip, monero seems to be following it.

Dunno what to make of it.

might be spillover from paycoin bubble.
legendary
Activity: 1428
Merit: 1001
getmonero.org
January 10, 2015, 11:07:02 AM
Everything is down. everything is dumping. Feels like noone cares for crypto anymore Cheesy
Forum traffic is so low...Active forum members bubble bursted!
Well at least shitty coins will definitely die now.
legendary
Activity: 1092
Merit: 1000
January 10, 2015, 11:03:44 AM
up? down? does someone even care about? will we visit 0.001 again?
share your thougths, i would be interested Grin

Definetely down all the way to my very last buy order and then up.
legendary
Activity: 1260
Merit: 1008
January 09, 2015, 06:30:25 AM
don't know if this belongs in the main thread or here, but wow - the network hash rate is the lowest I've seen since starting my monero endeavour.
legendary
Activity: 1554
Merit: 1000
January 09, 2015, 05:45:02 AM
care to elaborate what your investing strategy was?

Don't bother. Look at the post history. It is just an account being mined up to non-newbie rank so it can be sold.

EDIT: On second look I don't think this is quite true. He's posted about Monero a few times before, so probably just someone with an odd posting style that resembles a rank miner.

They are Turkish activist organisation. Please write their name in Google, you will see. They accept donations as Monero. Probably they are talking about donation money.
To me, it's not wise to get donations as Monero and hold them. I lost money too, but I already knew the risks. I'm out of Monero now. I'm waiting for better prices to buy again.
donator
Activity: 1722
Merit: 1036
January 08, 2015, 10:12:58 AM

CK is browser-playable and optimized to various platforms and resolutions, touchscreen and desktop alike. We are not thinking of "porting" it to specific platforms, as far as I am aware.
pa
hero member
Activity: 528
Merit: 501
hero member
Activity: 798
Merit: 1000
21 million. I want them all.
January 08, 2015, 01:54:32 AM
My guess is by mid 2015 most of the investors will have to decide to either stay in bitcoin or move onto next venture if they don't see real progress in it in terms of its innovation and practical usage in future...

I think bitcoin and pretty much any crypto asset that's not complete garbage is going to grow if money moves into the space. The space is just too small.
hero member
Activity: 833
Merit: 1001
January 08, 2015, 01:41:00 AM
true, and if ltc doesn't create a practical solution or come up with more innovative approach, it will remain just another generic alt, which i'm afraid is going to be its demise. This applies to pretty much all the clone alts...
 My take is, we've taken crypto to the next level by now and if you notice crypto crowd (early adopters, investors and etc) has matured to the point where coins with solid technical fundamentals that offer most innovative, real life practical solutions would be the ones to survive... My guess is by mid 2015 most of the investors will have to decide to either stay in bitcoin or move onto next venture if they don't see real progress in it in terms of its innovation and practical usage in future... All they see is speculative frenzy at the moment... Crypto space needs more investors like Marc Andreessen who invested close to 50 million to create ecosystem to solidify infrastructure rather than be a locust fund to hoard coins only to dump them later...
So far i like the way Monero is moving along, we have real interest in ecommerce platform that could integrate monero and if Atrides implements  it could be a huge take off and probably lead the race in that niche. Also we have a game by Risto that makes use of Monero...  

I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club  Cheesy
sr. member
Activity: 379
Merit: 250
January 07, 2015, 10:11:40 PM
I think part of it is due to XMR never experiencing the slingshot effect of a BTC bubble. It has less exuberance to bleed out. Even LTC/BTC is down to prices that haven't been seen prior to March 2013. It makes me feel confident to put every spare dollar I have into XMR at this point, I'm very close to the 0.1% club  Cheesy

That's 18k XMR?

18.6k. But it gets harder to attain the more that I donate to XMR projects and I also have a Cryptokingdom habit.

I could afford that. It's tough to part ways that many BTC tho. I have around 4k xmr
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