Topic: [XMR] Monero Speculation - page 2183. (Read 3313576 times)

What are some ridiculously long term predictions for this coin? What price do you expect in 20 years time or so? I think in 2050, we'll see a legit FIAT crash from dollar and euro, with asia becoming the ruler fiat, and crypto growing strong on the sidelines. My only 2 long term bets are BTC and XMR thus far.

Did you read the whole thing?
Dont get why people interprete this as monero beeing scam..
Its actually about the corrupt bytecoin codebase, it. was seriously crippled for bytecoin mining.. Monero Team just discovered an fixed but there was a Period of enhanced private miners during the Development of fixes. As usual ..

"First they ignore you, ..., ..., then you win"

Not, it accused Bytecoin (the first cryptonote coin) of being a scam. And maybe the dev that the current devs took over the project from.

http://monero.cc/getting-started/#mining

Take it from there.

hm... no discussion about this ?

isn´t that article accusing monero being a scam?


while on topic: where do i find information about how to start mining monero. which is the best machine, what do i have to invest and what performance can be expected ?

Price charts and discussion of price movements are definitely welcome here. I have only asked that large charts not be repeatedly quoted.

If we consider the zones where a large number of coins have traded as resistance zones (going upward), the by far largest one is in between 250-450. 60%+ of all trade ever has been conducted in this zone.

We have now hit the upper end of the zone. It is too early to say if the breakout will succeed - I actually give it less than 50% chances for today. But same as the infamous 420 level that was tried for 5 times, it finally fell (only in a few days), same will happen with this one, if the trend stays in force.

When 450 falls convincingly, the trade density drops to 1/3, which should mean that it takes approximately 1/3 of the time to advance from 450->550, compared to what it took from 350->450.

At 580 there is the strong resistance of the previous top. After clearing it, there is not much on our way.

The ATH double-top in 0.01-0.011 will in my opinion NOT serve as a STRONG resistance, due to the small amount of coins traded there last times, and the completely different fundamentals now (both adoption and number of coins have multiplied since then).

Take advantage of the 2x-2.5x leverage offered by options (calculated as %change of option price / %change of XMR price).

So when the time comes this thread turn into XMR Wall Observer and compete with Adam's thread. I as a Monero HODLer am patiently waiting more adoption and big bubbles like Bitcoin does.

Monero > 4.5 mBTC!



CCMF!

Somebody had to be the first  

Glad i loaded up at the recent 0030 bottom. 

Should be decent resistance at 0058, coming up shortly. Specs will be specs, but it's way too early in the game to be selling imo. MRO's got a bright future.

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.

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

with normal volatility, typical of hash rates, it has been increasing a remarkably steady .25 mh/diem, currently about 1% daily.
i would compare this to the bitcoin epoch from october 2011 to march 2013, when users, price and hash rate were increasing roughly linearly.

Hash rate increasing since 20th of august:
http://monerochain.info/charts/hashrate

Yes, but this is based on a XBT bubble top only in the 1100 - 1300 USD range.

I see an inverse relationship in the near term between BTC and XMR especially during BTC downtrends. XMR might benefit far more from a BTC crash than a BTC rally.

let's look at the numbers

LTC total supply: 84 million
XMR total supply: 18 million

LTC current exchange rate: 5.25 USD
=> Total fully mined market cap op LTC = 441 M USD

To be "in the range" of LTC, 1 XMR needs to be 441 M USD/18 M = 24.5 USD

At the top, 1 LTC was around 50 USD => possible bubble top for XMR is 250 USD 

This is a cross post of some alt indexes I've been tracking for about a month:


Amazing recovery continues...furthermore there are now some pretty significant divergences that separate the players from the also-rans.  Just my humble opinion, but this kind of market movement illustrates the value of indexing and the need for the resource in toolbox of anybody interested in alts.

Index 1: 105.57
Index 2: 128.54 (again, does not include BTC or LTC, but it does include all other currencies on coinmarketcap.  LTC has recovered from its recent depths, but still well below where it was early in August)
Index 3: 125.07 (I continue to believe that this one most closely approximates the alt market in the truest sense....it contains 31 alts selected by price/volume combination and re-balanced bi-weekly.  No BTC or LTC.  Cap weighted.  Give me a few months and I may very well offer an open-ended mutual fund type investment in this "basket" of alts!)
Index 4: 102.78 (LTC drags this back down a bit, but still over the August 4th level)
Index 5: 92.53
Index 6:  88.10
Meta index: 107.01

Remember, these indexes were largely in the 50's and 60's just 11 days ago when alts were taking a serious beating.  

XMR has seen a 46% growth in market cap in around 10 days, handily outperforming the index.  BTSX and Ripple are both larger cap and have seen even more (a lot more, in fact) cap growth than Monero, but no doubt that the action in Monero is incredibly strong.  

Sound out the words. You'll get through it.

Another feature is XMR's hefty trade volume.  Liquidity is crucial to attract whales.  They don't like getting beached on a coin with no active market.