Topic: [XMR] Monero Speculation - page 2183. (Read 3312335 times)

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.

Because it is as anonymous as it gets with brilliant tech which isnt vaporware. And because it doesnt have a premine/ninjamine. It also has many devs and more people well known or not are getting interested by the day.

Now of course speculating that it will ever reach 100$ is a bit far for me. I believe in the next months it will hit 10$ in a bubble or not.

Development,  Cryptonote and consensus

Why this coin is better then all others altcoin?

I predict XMR prices will trend logarithmically against BTC, just as BTC hyperdeflates vs fiat.

After 1 year, 0.01 BTC.  After two years, 0.1.  XMR/BTC parity in 3 years.

In dollar terms, XMR should be $100 in a year assuming BTC goes to $10k.

Such is the power of Gresham's Law!   

In depth breakdown which I will have to read later to make sure I did not miss anything.

I see $10-20/coin as easily possible. I'm not saying likely necessarily, but possible. That puts it in the range of LTC.

If there is a big increase in BTC then it could go much higher.

What's the pontentil of this coin? price predictions in dollar per coin after 1 year?

dga is a professor of computer science at a top university and well-known for this so we suspected as much even back in May. Fortunately XMR's algo has mostly held up to its CPU-friendliness claims (the GPU advantage is low relative to SHA256d/scrypt/NIST candidates) so the coin managed to survive these phases. The optimized CPU miners were a much bigger headache than the private GPU miners.

I am unaware of a XMR/USD pair anywhere yet. So there is plenty of BTC going around as BTC does not shut down on the weekends unlike the broken financial system.

Yes but he kept a stash of BBR, which offers leveraged exposure to XMR as the smaller, rarer, and more volatile of the twin CN coins.

I don't see anything wrong with just being a miner and not a speculator. They are really two different activities. I've done exactly that on some other coins.

lol and he did not keep a 0.0000001 XMR. I am sure he will forbid that someone shoot a movie of this, since in 2 years time he will realize what he did.

This report came out and price is breaking 0.0042 resistance it seems
http://da-data.blogspot.com.es/2014/08/minting-money-with-monero-and-cpu.html

Big Buy walls moving up to the front of the line 

Thank you. Feedback (whether positive or negative) is appreciated!

Posting to say that I think your moderation style is quite fair so far. Critical questions/remarks remain, thoughtless accusations/low content posts not related to XMR are removed. Carry on :)