The XMR volume on polo is currently 50K....that is (by my rough calculation) about three times more than the sum of the volume of all the other coins combined.
XMR 24hr trade volume = $31,000,000 BTC 24hr trade volume = $66,000,000   WoWsers Let me see if I have this strait. XMR has 1/2 the volume but only 1/100th the market cap? We MAY have much higher to go yet boys (and girl). |
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This analysis may be missing the fact that price is set on the margin. No where near 4% of the bitcoin needs to chase monero in-order to increase monero's market cap to 4% of bitcoin's market cap.
momentum? Probably liquidity. It takes both momentum and inverse liquidity to do it. A monotonic function of momentum / liquidity. Another way to frame it: A monotonic function of in-range order book imbalance. I'm not exactly sure what you mean by momentum. Whats relevant are future market orders and liquidity. The order book will give a loose approximation of that but it wont account for the effect that changes in market conditions will have on holders who have not yet placed orders but will. But yea if you assume for the sake of actually having data to work with that the orderbook contains all of the data you need. Than you could make a pretty simple function. Say you want to move the price 10%. How much liquidity is there on the sell side between current price and 10% higher? Take that bitcoin amount and put that on the left side of your ratio. Now take the total change in market capitalization and put that on the right side. That would be a rough approximation of the sort of ratio you were looking for I think. The ~1:10 you were talking about. I suspect you probably already knew all of that though and we were just talking past each other a little bit  |
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This analysis may be missing the fact that price is set on the margin. No where near 4% of the bitcoin needs to chase monero in-order to increase monero's market cap to 4% of bitcoin's market cap.
momentum? Probably liquidity. |
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Hi, can someone tell me why Monero price is going up so much?
It's a feedback loop of community interest compounding more community interest (you may know something about that, its probably why you are here asking this question). Sometimes referred to as a "virtuous cycle". It was set in motion by several darknet services announcing their intention to accept/provide services for monero. |
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During these episodes of manic euphoria I distrust my own judgement. My gut instincts fail, and I have to rely on system 2.
What is the upside limit? The available btc seems to constitute a limit. How can we estimate the proportion of the btc which might flow into XMR? Consider that maybe 10% of bitcoin core own some XMR. Maybe twice that number of btc holders want XMR, and maybe they will risk 20% of their btc... By slight of hand I conclude that XMR might be able to command 4% of btc market cap in the long run, just on the basis of current bitcoin holders, without a huge change of circumstances, given the right amount of time.
Suppose non-bitcoin holders want XMR. Unless they are in the u.k. almost surely they will sign up for some btc/fiat exchange, take days or weeks to verify, buy some btc, fumble around, and eventually get on poloniex. (Watch poloniex wallet addresses!). I expect a lot of lightly crypto-exposed people who sat out btc to buy in over the next few weeks. But btc has had years of recruitment, and the absolute numbers are small, relative to the current holders. Probably new crypto users are less significant to reserve use, and more significant to DNM traffic stats, and will make themselves felt on the traffic and speculation driven by that traffic, rather than on the volume of btc they spend on XMR.
Overall these vague and fuzzy reasonings are consistent with other vague and fuzzy reasonings which I expressed elsewhere, that I expect XMR to trend around $25 in 2017...in that case conditionalities on 10% of DNM traffic being denominated in XMR.
Usually when SWAGs derived by different methods coincide, I give their common estimate a lot more weight. Not twice as much...more like the second power on some unbounded likelihood scale. Funny, I haven't thought about the probabilistic logic of that before. I should do.
This analysis may be missing the fact that price is set on the margin. No where near 4% of the bitcoin needs to chase monero in-order to increase monero's market cap to 4% of bitcoin's market cap. |
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Can I import an old private key into mymonero web wallet?
I do not believe this is possible. You will probably need to run simplewallet with the argument --restore-deterministic-wallet *edit* Can someone explain: How do you spend funds from a spend key with simplewalet if all you have is the spend key and nothing else? |
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I just woke up (I slept late). What happened? So we are going now towards parity with btc and beyond? Aside with Etherium, Monero has joined in the club of good and valuable coins by breaking the initial ATH price from the times of early days. I watched this all happen in real time so I didn't get to experience this. Please indulge me. What did it feel like to wake up and see that? |
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Gratz on passing DASH market cap!
It was bound to happen, easiest money i ever made... should have bet the entire house on it Me too, now I do not know if I should sell and take profits or sit on them and watch XMR making another 10x in the next years.  Who can know. I just try not to be too smart for my own good. I know what I know. I know how to read a white paper. I know how to be patient. So I do those two things. I do not try to call the top or sell the highs and buy the dips to increase my holdings. I just know that's the sort of thing that will get me in trouble. Well that's my philosophy anyway. |
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24hour high - 0.01301900
Lovely.
That's not a 24 hour high. I'm pretty sure that's an all time high. |
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Which darkmarket has started to accept XMR?
Alphabay and oasis. |
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Cool video! Thanks for that. Put a big grin on my face. |
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Just stunned..... Where do we go from here? With such a strong breakout. Don's be surprised to see a similar move in percentage terms. That would put this next run up to 0.02. Dare to dream? |
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You guys are crazy if you think we have any control over icebreaker. I have him ignored too!
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Thanks for all the info for the paper wallet!
The price is insane!!!
Did you see mine? It got stuck at the bottom of the page and then quickly covered with a new page. Yes, I saw that and thanks for the info. I need something in the interim so I can get out of Poloniex. I've been putting it off and finally need to pull my coins from there! Down the line I will make a much more secure wallet. Just need to move the coins asap. Cool cool. Just wanted to make sure. It was a little bit of work to write and pull all the links together. Not a huge amount, but a little bit. |
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I suggest that we all refrain from prompting anyone to act in a prima facie unlawful manner. If one errs in such a way, it is reasonable to delete comments to correct the record, or to amend the comments with a clarification.
Yea, you are right. A clarification is in order. Government is evil and resisting it is virtue. Clear enough?  |
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Thanks for all the info for the paper wallet!
The price is insane!!!
Did you see mine? It got stuck at the bottom of the page and then quickly covered with a new page. |
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I know I have asked a few times about a paper wallet but wanted to be absolutely sure.A paper wallet from moneroaddress is what I would be using for long term storage until there is a GUI. The plan is: Download the zipfile and be disconnected from the internet. https://github.com/moneromooo-monero/monero-wallet-generatorGenerate wallet. Write down the mnemonic seed. Also, the public address,spend and view key. Then just send from Poloniex and should be able to sleep better at night. What if I just print them out, chances are small that it can get compromised from the printer? Its an Epson, 2-3 years old. Also, monero being anonymous, I cant check my balance like with a bitcoin paper wallet. I know that you can check for any transactions to an address, but what site? Sorry for being repetitive. It's a pretty good plan. If you want to take it to the next level Download a copy of linux. I've used mint in the past because its simple and works and has low overhead. https://www.linuxmint.com/edition.php?id=217 Next get the universal usb installer from pendrivelinux here. http://www.pendrivelinux.com/universal-usb-installer-easy-as-1-2-3/ Insert a flash drive that you dont mind having the data wiped from. Run the universal usb installer and follow the instructions to set up the usb. Put your saved offline copy of https://github.com/moneromooo-monero/monero-wallet-generator on the flash drive. Turn off your computer. Turn it back on and go into your bios. Set bootloader to usb. Restart again. NOW generate your paper wallet on this sandboxed version of linux without ever connecting to the internet on this instance of linux. Connect your printer with a USB cable and clear the printer cache after you are finished before you log back on your main os. (optional) https://www.bleachbit.org/ the flash drive. It sounds harder than it is, really. To other patrons of this thread: Thoughts on the necessity/usefulness of going to these lengths? |
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The bottom of this web page says it's funded by the "NWO" |
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