Topic: [XMR] Monero Speculation - page 595. (Read 3314316 times)

The growth in crypto prices has become much like most other current technology growth in that it is exponential in nature.  So, in many ways we become very short sited and conservative when we look at where we expect prices to be in the near future because based on our experience with most things, we expect grow to be linear. The growth curve goes parabolic and you may have started with $3,000 investment which has maybe grown to 30 times what you invested up to $90,000.  Now if that trend continues which I don't doubt that it will and it grows another 30 times you have $2.7M!  There are many here who have invested anywhere from $10K to $?00K and from an early stage on held onto that stash.  

It is totally conceivable that some are holding 100K to 500k xmr but because it's Monero we can't tell that for sure but, if it were true, tell me how long before that adds up to $1B?

The point is this is exponential in nature NOT linear.

PS. the numbers are examples, I didn't pull actual growth rates.

EDIT: spelling

Time to the next Bithumb event is getting really short  https://timee.io/20170901T1500    

22 hours to go!!!

I wouldn’t go that far. I mean even if it quadrupled in price (hitting 600$) then in order for somebody to be a billionaire then they’d need to be holding 250 million dollars worth of Monero. Even if it went 1 thousand times you'd still need a million worth of XMR to become a billionaire.

hehe there will be many millionares

new young people with ideas and knowledge in crypto

I'm sure there are those who hold enormous sums of XMR out there, but I don't see how XMR billionaires can happen until Monero starts to approach a market cap in the hundreds of billions.

I´m very ignorant in this crypto world, although this one and a half year journey as thought me so much. If i had to choose one "new" word or concept i aquired it´s fungibility. It´s so important and so interesting. I can say i aquired it in this thread. so thanx for the the posters who take their time to atually share knowlegde here.

Guys I need some help setting bittrex CONDITIONAL. I moved all my funds to bittrex and I wanted to buy some xmr, problem is I can't seem to make conditional option work. What I do is set it when gets <= 135 usdt but... I don't know what to set in the other boxes units? bid? total?

thx!!!!

You certainly are eloquent my friend.

Thanks for taking the time to write back to me

monero is such a great coin to watch and i am really hopeful for its future performance and up growth of i think menoro has potential and it will be next big thing in the crypto market. i have almost 200 coins and i am holding them from arround 3 months and it has given me enough profit so, that i am really looking forward to it and waiting for price to rise more.

Short term predictions before the Bithumb event?

Traders are going to ride on top of the now upward momentum, expact short term gains friends https://www.coingecko.com/en/price_charts/monero/usd

Bag holders turn billionaires in a year and a march to 0.06-7 in a matter of days

Love to have some of this kool aid being passed around in here

We shall see though eh..

'suppression' talk just makes you sound like a historian conspiracy theorist.  I prefer to say that redistribution into stronger hands is the inevitable consequence of natural profit-taking.  I will admit that I own considerably fewer xmr today than I did 2 years ago, the more fool I, and I would have thought mine to be among the strongest hands out there.  

I have tried to get them all back with market making, but the heavy bias of the jump component to the upside and the relative neutrality of the diffusion component has made that very, very difficult to do without an awfully good timing indicator - better than anything I have been using, certainly.  I need a little RangeDriver sitting on my shoulder.

Then there are cases like Risto....again, his should have been among the strongest of hands, but poor risk management devastated him (from what little I have heard of that conflicted drama).

And let's not forget those like TheKoziTwo, who have top-icked the spikes and scooped up in size when they were cheap, which also has a 'supression' effect (but really is just good market-making taken to a superlative extreme).

It is generally healthier to think of the market as being right by definition - like God, in that sense -  even when it changes it's mind faster than a rooster on acid.  When mcap is over 2bn and there is no facility for naked shorts it really does take both massive cojones and exquisite finesse to suppress and scoop profitably.  I only wish I had such powers.  I am happy, OTOH, to have higher morals - or at least enough respect for the difficulty and risk of the process to simulate higher morals.

Your price predictions have been mostly, if not always on spot, so I am positively shocked to see how bullish you are and wait optimistically for it to happen.

I'd say this article is pretty good news for Monero.

My oh my...
(EDIT: question about timeframe answered above)

Need some advice:
I haven't cashed out on any wave since we got on Bithumb and this time I'd like to sell when it hits some ATH to buy back lower.
How do you guys proceed? Do you go all-in when it hits high or so you do sell at some steps?

I dont think we will see much of a drop before Sunday, unless BTC goes $7000+ .  But after Sunday you never know what will happen, things move fast in crypto. In one week everything can change.  In September we will have new GUI and hard fork.  Possibly more things that i cant even think right now could attract people to Monero.



I doubt that. I really do.


Because we did not hit the Bithumb listing ATH yet.

t works just fine. Been doing it for ages. Only ever used the CLI though

"Life happens without a pause."