Topic: [XMR] Monero Speculation - page 2104. (Read 3313076 times)

Thanks.

Realistically its close to all time low (for exchange-based trading), so its certainly dropped for a lot of people. Looking at the graph it is almost straight down since the August peak.

That doesn't sound quite right to me.

Anyway, I think most of the complaints are are really about the price dropping, not any underlying factor. Nobody was complaining about the inflation being "too damn high" when the price was going up every day.

Keep in mind the chart shows, I think, the highest possible numbers.

The effect of any block penalty (reduction of reward when miners include more the the normal amount of transaction data) is to slow down the curve a bit. Since there have definitely been periods when the penalty applied (at least during spam attacks, but occasionally other times too), the curve is already somewhat slower than the base calculation.

If there is a period of rapid adoption, then there will also likely be rapid growth in transactions and many penalties, perhaps continuing for an extended period of time. So we may end up with a curve quite a bit slower than projected even under he original parameters (credit to ArticMine for this observation).


Well said

I think it is realistic to waite small growth during Q3 and Q4 2015.
2016 we might see growth definetely and 2017=> we might see astronomical growth.

This is of course if everything goes as we want.
2015 is a good time to accumulate IMO. Make a good plan:

If you plan to invest 10 000 USD in Monero next year, divide it by 365 and simply buy daily 27 USD worth of Moneros. Thus you will minimize the risk of buying too early and experiencing the big dumps (of course even with this strategy most likely you will face dumps but it doesn't feel that bad if you do a diversification in terms of time vs. you buy 10 000 USD worth of Moneros in a heart beat).
The pumps during these days of high emission helps only the miners who dumps without interest to hold the coins any longer period.

Personally I have been able to not to buy coins by paying my bills ahead (I have paid already rent until Feb 28, 2015 + I have downloaded my prepaid Mastercard attached my student card with cash so basically I am covered for a couple of months ahead even if I do not have any income).
This fore-running in bills helps me to avoid buying Moneros too fast these days as the emission is still too high for driving the price up. However, this strategy helps me to start accumulating as soon as I see it a good time to start.

Monero is a marathon - not 100 meter sprint.

https://bitcointalksearch.org/topic/m.8106443

Today mining creates about 7000 less monero per day than in the start.

I have this graph handy......

https://bitcointalksearch.org/topic/m.7202538

Ahhh, i see what you meant.  Anyone have link to emission chart or spreadsheet that risto posted a while back handy?

The longer whales are able to spend only small amounts of money for absorbing the coins mined, the more those coins are cold-stored and thus out of the use of markets at current levels. When the emission has declined only into much lower levels, you do not need that much money to buy the emission at current level and then only smallish increase in the demand of the coin will bring it to astronomical levels.

Also the more the whales own the coins, the more they have incentive to shoot it out of skies into extra-terrestial levels.
Now we just need patience and not getting fooled by short term pumps. The big pump which comes when the emission is much lower, will give the new pricing to Monero assuming that everything goes as planned.


There is no point in spending much money into the pumping of the coin artificially.

I think he meant small increase in demand

Im not sure what you mean by a smallish increase in price pumping the coin quite high?

I disagree.
In 1-2 weeks we are probably sub 0.001 levels.
The longer we stay in lo wnumbers the larger percentage are the whales able to aqcuire and thus even smallish increase in price will pump the coin quite high.

Well it looks like we found the bottom at just under 0.0011.  With emission steadily declining I think we will slowly creep up from here.

Because of the reasons already stated by others above I don't even take into consideration BCN's market cap.

Currently it is, by all parameters that are of interest for me, a dead coin. YMMV.

Oh great!
I'm really glad to read it

The MEW executives, the largest voteholders, and the core team members, have been searching for a concensus for quite a long time now. Since such has not been reached, there is no realistic alternative to leaving the emission just as it is now. This is also enjoying the greatest support of all alternatives, so we can safely say that it is the best choice as well.

Nothing has been decided yet AFAIK. I think it's hard to find a consensus on such a thing, so it will probably not be changed.

PS: This is just my personal opinion.

Great. Why didn't you say so earlier? I'd be buying more.

Its not going to happen.

It was a "secret" (aka ninja) premine so coinmarketcap can't really list it as a premine. Scam in any case.

https://bitcointalksearch.org/topic/blowing-the-lid-off-the-cryptonotebytecoin-scam-with-the-exception-of-monero-740112