[XMR] Monero Speculation - page 2088.

GingerAle

legendary

Activity: 1260

Merit: 1008

Quote from: jehst on December 29, 2014, 11:45:13 PM

Quote from: thefunkybits on December 29, 2014, 11:38:37 PM

Quote from: cloverme on December 29, 2014, 11:37:14 PM

The only thing going for it is that it's starting to be used in the dark corners of the internet now as an alternative to darkcoin.

You mind sharing some examples of this??

Lol, there are no examples. There are no real dark net markets doing any real volume in XMR, or even DRK for that matter. (Don't talk to me about your 4 websites accepting DRK. Show me even $3000 worth of transactions and I'll be surprised). We're in the experimental stages.

yeah. for the record, I'd love to see a side by side plot of bitcoin vs. monero that shows adoption (transaction volume? market cap? a metric combining the two?) over time of inception, with version numbers pinned to the timeline. It hasn't even been a year on this coin. BTC started in 09. and its STILL in beta. Hell, all of crypto is in the experimental stages. To me, this is the nature of open source development.

jehst

hero member

Activity: 798

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21 million. I want them all.

Quote from: thefunkybits on December 29, 2014, 11:38:37 PM

Quote from: cloverme on December 29, 2014, 11:37:14 PM

The only thing going for it is that it's starting to be used in the dark corners of the internet now as an alternative to darkcoin.

You mind sharing some examples of this??

Lol, there are no examples. There are no real dark net markets doing any real volume in XMR, or even DRK for that matter. (Don't talk to me about your 4 websites accepting DRK. Show me even $3000 worth of transactions and I'll be surprised). We're in the experimental stages.

tokeweed

legendary

Activity: 3976

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Life, Love and Laughter...

Quote from: cloverme on December 29, 2014, 11:37:14 PM

Quote from: tokeweed on December 29, 2014, 11:04:52 PM

Quote from: TrueCryptonaire on December 29, 2014, 05:02:44 PM

Is Monero's short term price outlook getting as obscure as Monero's transactions? Huh

Time to jump out of the cliff? Huh

pattern of XMR makes me think it's in limbo. give it a few more days, it will be an easy "sell/stay away for now", or a "buy/hold" decision. hope it's the latter.

It's probably due for another small correction soon as the profit-takers are probably looking to re-position themselves. I don't think we will get back to September or mid-june prices at any point soon. The only thing going for it is that it's starting to be used in the dark corners of the internet now as an alternative to darkcoin.

we'll see what happens in a few days. i am not one to "hold and hope". if nothing's happening, sell.

edit: well it looks like the driver is gone. sorry folks. but we'll see. a couple more days and then "bye bye" if nothing happens.

thefunkybits

legendary

Activity: 1218

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Quote from: cloverme on December 29, 2014, 11:37:14 PM

The only thing going for it is that it's starting to be used in the dark corners of the internet now as an alternative to darkcoin.

You mind sharing some examples of this??

cloverme

legendary

Activity: 1512

Merit: 1057

SpacePirate.io

Quote from: tokeweed on December 29, 2014, 11:04:52 PM

Quote from: TrueCryptonaire on December 29, 2014, 05:02:44 PM

Is Monero's short term price outlook getting as obscure as Monero's transactions? Huh

Time to jump out of the cliff? Huh

pattern of XMR makes me think it's in limbo. give it a few more days, it will be an easy "sell/stay away for now", or a "buy/hold" decision. hope it's the latter.

It's probably due for another small correction soon as the profit-takers are probably looking to re-position themselves. I don't think we will get back to September or mid-june prices at any point soon. The only thing going for it is that it's starting to be used in the dark corners of the internet now as an alternative to darkcoin.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: TrueCryptonaire on December 29, 2014, 05:02:44 PM

Is Monero's short term price outlook getting as obscure as Monero's transactions? Huh

Time to jump out of the cliff? Huh

pattern of XMR makes me think it's in limbo. give it a few more days, it will be an easy "sell/stay away for now", or a "buy/hold" decision. hope it's the latter.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: child_harold on December 29, 2014, 03:53:16 PM

Quote from: farfiman on December 29, 2014, 02:47:32 PM

Quote from: child_harold on December 29, 2014, 02:31:07 PM

im sorry - gotta ask
....
what dont i know?

thanks

My question is why do supporters of other coins come to troll here continuously....

I hold only 2 coins. This is one of them.

Admittedly the other coin I hold is ShadowCash.

bolded statement makes me wanna dump xmr tbh.

jehst

hero member

Activity: 798

Merit: 1000

21 million. I want them all.

A sustained rally in any non-scam/IPO premine coin is not possible unless bitcoin is also rallying. That goes for LTC, DOGE, NMC, and XMR. None of them will reach even half of their all-time highs unless bitcoin rallies.

child_harold

hero member

Activity: 812

Merit: 1000

Quote from: rangedriver on December 29, 2014, 05:19:33 PM

Quote from: TrueCryptonaire on December 29, 2014, 05:02:44 PM

Time to jump out of the cliff? Huh

I just love it when someone fucks up a saying.

~~actually that is a saying what i come from.~~

apologies

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

Quote from: rangedriver on December 29, 2014, 05:19:33 PM

Quote from: TrueCryptonaire on December 29, 2014, 05:02:44 PM

Time to jump out of the cliff? Huh

I just love it when someone fucks up a saying.

Yes it was a bit sarcastic.

rangedriver

hero member

Activity: 714

Merit: 504

Quote from: TrueCryptonaire on December 29, 2014, 05:02:44 PM

Time to jump out of the cliff? Huh

I just love it when someone fucks up a saying.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: luigi1111 on December 29, 2014, 02:25:12 PM

Quote from: aminorex on December 29, 2014, 02:18:37 PM

I would urge everyone to limit their holdings. Excessive concentration of ownership will damage the upside.

This is no doubt true. Do you have any suggestions on some appropriate numbers though?

18.6k would be .1% of the long-term supply. I would not fault anyone for owning that much. 1000 enthusiasts would, conceivably, suffice to build an economy, which would disperse ownership as others became involved.

Anyhow, as long as price is under downward pressure, you should not feel guilty (or foolish) for buying too much, no matter how much you own. You can always sell it later, at a BTC profit, when price is trending up, if you think it is wise to reduce your holdings to aid dispersion.

TrueCryptonaire

legendary

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Merit: 1000

Is Monero's short term price outlook getting as obscure as Monero's transactions? Huh

Time to jump out of the cliff? Huh

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: rpietila on December 29, 2014, 03:44:05 PM

Quote from: aminorex on December 29, 2014, 02:18:37 PM

I would urge everyone to limit their holdings. Excessive concentration of ownership will damage the upside. At some point, if you own too much, it will be worth less than if you owned a lesser amount. Set a modest target. Once it is reached, invest your time and money into building the technology, the economy, and public awareness, rather than in owning more of the supply. It will pay you back better.

i.o.w: "Follow me!"

An interesting statistic is the ratio of 24 hour volume to market cap. It is an indicator on how tightly a coin is held. Monero actually does very well in this area indicating a very high level of market liquidity compared to market cap. Dodgecoin and Litecoin do well while Ripple on the other hand does poorly. The data below is a recent snapshot from http://coinmarketcap.com/ sorted by the ratio of Volume(24h)/Market Cap for the top 20 coins / assets.

Code:

# Name Market Cap Price Available Supply Volume(24h) Volume(24h)/Market Cap
20 BlackCoin $2,247,569.00 $0.03 74,744,050 BC * $82,650.00 3.68%
19 Monero $2,784,287.00 $0.51 5,444,398 XMR $86,019.00 3.09%
8 Dogecoin $17,510,918.00 $0.00 97,161,427,246 DOGE $322,547.00 1.84%
4 Litecoin $94,786,023.00 $2.70 35,144,854 LTC $1,440,280.00 1.52%
17 YbCoin $3,372,810.00 $1.12 3,000,000 YBC $37,575.00 1.11%
12 Darkcoin $9,639,896.00 $1.93 4,989,646 DRK $53,490.00 0.55%
10 Peercoin $12,808,240.00 $0.58 21,975,041 PPC $67,589.00 0.53%
7 Stellar $19,747,229.00 $0.01 3,555,701,575 STR * $98,884.00 0.50%
3 PayCoin $160,734,128.00 $13.04 12,325,670 XPY ** $653,151.00 0.41%
1 Bitcoin $4,289,544,196.00 $313.95 13,663,275 BTC $12,129,900.00 0.28%
5 BitShares $39,833,689.00 $0.02 2,497,973,773 BTS * $111,837.00 0.28%
18 BanxShares $2,923,720.00 $1.13 2,586,882 BANX * $7,376.00 0.25%
16 NuShares $3,627,758.00 $0.01 606,243,006 NSR * $6,501.00 0.18%
2 Ripple $750,007,081.00 $0.02 30,978,075,200 XRP * $1,266,230.00 0.17%
13 Namecoin $7,530,894.00 $0.71 10,579,000 NMC $10,988.00 0.15%
9 Nxt $16,736,951.00 $0.02 999,997,096 NXT * $23,517.00 0.14%
15 SuperNET $3,802,722.00 $4.66 816,061 UNITY * $4,625.00 0.12%
14 FuelCoin $5,458,214.00 $0.05 100,165,423 FC2 ** $5,197.00 0.10%
6 MaidSafeCoin $23,874,493.00 $0.05 452,552,412 MAID * $15,599.00 0.07%
11 Counterparty $11,331,877.00 $4.28 2,646,621 XCP * $4,507.00 0.04%

damashup

sr. member

Activity: 259

Merit: 250

Quote from: aminorex on December 29, 2014, 02:18:37 PM

I would urge everyone to limit their holdings. Excessive concentration of ownership will damage the upside. At some point, if you own too much, it will be worth less than if you owned a lesser amount. Set a modest target. Once it is reached, invest your time and money into building the technology, the economy, and public awareness, rather than in owning more of the supply. It will pay you back better.

I have placed a strict limit on my holdings (the exact amount of which I will keep private) for this reason. I can't compel you to behave rationally (although I would if I could), but I can urge you to be enlightened in your self-interested behaviour.

A bit like the magic penny song... https://www.youtube.com/watch?v=IclFQj4l3F0

brg444

hero member

Activity: 644

Merit: 504

Bitcoin replaces central, not commercial, banks

I understand it might be too soon because of utility concerns but has Monero at least caught any eyes or interest in SR-type business circles?

child_harold

hero member

Activity: 812

Merit: 1000

Quote from: farfiman on December 29, 2014, 02:47:32 PM

Quote from: child_harold on December 29, 2014, 02:31:07 PM

im sorry - gotta ask
....
what dont i know?

thanks

My question is why do supporters of other coins come to troll here continuously....

I hold only 2 coins. This is one of them.

I realise what i asked (the way i asked it) sounds like FUD, but the sentiment was genuine.
Admittedly the other coin I hold is ShadowCash. It just released a ZK anon wallet, has a stable db and a GUI wallet.

And yet the action is here atm… quite baffling

It seems as if XMR is either poised to be the next Bitcoin… or not… looking thru threads and reading posts it seems as if there is still a ways to go… but I'm out of the loop.

EDIT: the price is still very low so none of my comments mean shit really

Shrikez

sr. member

Activity: 400

Merit: 263

Quote from: child_harold on December 29, 2014, 02:31:07 PM

im sorry - gotta ask

what dont i know?

thanks

It's not about what you don't now. It's about what you don't feel or see. It's about your lack of perception and instinct.

I suck at economics and cryptography. I am not a particularly bright fellow. I need to follow my guts.

XMR as the sum of parameters I value feels good to me.

The community is inspiring. Pragmatism and passion are in equilibrium. There are many I am happy to learn from.

The developer's 'like it or not, we believe we do the right thing. It's your call' attitude resonates with me.
The part of the tech I understand seems to be sound. As for the part I don't understand I have faith in the opinion of people I feel deserve that trust.

I don't care about the ease of use nor do I feel the urgency for quick gains or shiny interfaces. These things are not important now. They will happen in due time.

But you don't really care, do you? Just a troll with a pretty make up asking fake questions.

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: aminorex on December 29, 2014, 02:18:37 PM

I would urge everyone to limit their holdings. Excessive concentration of ownership will damage the upside. At some point, if you own too much, it will be worth less than if you owned a lesser amount. Set a modest target. Once it is reached, invest your time and money into building the technology, the economy, and public awareness, rather than in owning more of the supply. It will pay you back better.

i.o.w: "Follow me!"

TrueCryptonaire

legendary

Activity: 1092

Merit: 1000

The main challenge for 2015 is to get services/goods for sale in XMR to increase the value of the coin.
When there are merchants like Risto's Crypto Kingndom the marketcap of the coin rises due to the rise of demand for Moneros.
Monero is useful when it can be spent on merchants and when merchants are not dumping coins it allows the marketcap to rise.
Hence, people are able to demand more Moneros as they have places to spend them. For example, if I normally buy 1000 XMR a month (like average people do at current rates) for a store of value purpose only. If I know I am able to purchase something I need with Moneros I will buy more Moneros (over 1000 xmr/mo) and if the merchants will not dump the coins back to the markets immediately (or dumps only partially), it means the coin gets more value in marketcap- and pricewise. Shocked

Topic: [XMR] Monero Speculation - page 2088. (Read 3313076 times)