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1781  Alternate cryptocurrencies / Altcoin Discussion / Re: could monero replace bitcoin soon? on: July 20, 2015, 09:52:59 AM
Monero, maybe litecoin, maybe dogecoin, or perhaps a new currency 'will be' created and will replace 'all. Monero is an interesting alt btw
That's the whole point of crypto community. Speculation, speculation and speculation.

Any commodity price is almost all about speculation.
A friend of mine, who is making his doctoral degree/dissertion in the university of Haifa something about oil (I am not quite sure yet what is his field in this issue - and I guess he do not have full assurance himself as well since the process and reading & studying of the matter is in the beginning stage), told me once, even as much as  90 % of oil price is speculation.

I like the fact that Poloniex has started offering marginal trading. It enables more speculation to the markets and thus increases the stability of the markets. If you feel like dumping, then there are people who want to buy your coins and if you feel like buying, then there are people with marginal positions who want to fulfill your desire without causing massive panic buying to the market where some emotional people may get hurt and end up bitter and desperate bagholders.
The only problem in cryptomarket it's that there are no stable or "calm" periods. There is or PANIC SELLING, or PANIC BUYING

That's pretty much true currently.
But this is because the markets are not liquid enough.
Let's say I want to convert 10 000 usd (which doesn't even buy you a new car) worth of Moneros, it basically leads significiant red candle in the markets.
The markets need to be liquid enough to absorb selling of millions of dollars without causing panic to anyone. For this the (skillful) tradders are needed. They buy when others want to sell and sell when others want to buy, and in order to make the markets to both sides you need a significiant position of both currencies.
Like gold bullion, it is traded mainly by the central banks and therefore it is pretty liquid market and if I want to sell 1 million euros worth of gold, I could do it probably pretty easily in Helsinki selling it to a few places and the spot price is not affected at all. The same should happen to Monero. Monero needs some really wealthy people making the markets and being interested in taking it any time.
It can reach this mass if the overall trend of Monero is bullish. Anyone wants to own an asset that appreciates (it doesn't need to appreaciate 1 % per day - that's too much in the long run) but even 0.01-0.1 % daily appreciation is giving enough incentive for the rich people starting to accumulate Monero.
1782  Alternate cryptocurrencies / Altcoin Discussion / Re: [XMR] The Monero BEAR thread. on: July 20, 2015, 09:44:32 AM
Monero is a VERY good coin! 
~CfA~

Excellent observation.  Cheesy

~TcN~
1783  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 20, 2015, 09:43:25 AM
Probably a lot of people will try to frontrun the big buying.

I added in some near 0.0018 and a week ago, if we have a daily close above 0.0022 I'm converting most of my BTC left to XMR and probably also do some margin longs.

This could be the first big rally with margin trading which could be very volatile and possibly also very much upside capablities in $ terms because BTC is still cheaper now than in 2014.

If BTC continues to rally and go to new ATH's we might sit on a insane rocket about to take off now, near the end of the current (XMR) bear trend.

funny you say that, hodlmybtc Wink
(I did the same the previous time we were below 0.002, before we went to 0.0043. Wink )

Somehow I have a gut feeling, Monero will start making higher highs now.
Therefore higher prices than mere 0.0043 are possible at the end of this rally. However, I do not quite know to where this all end up but I guess it will go up.
1784  Alternate cryptocurrencies / Altcoin Discussion / Re: could monero replace bitcoin soon? on: July 20, 2015, 09:39:33 AM
Monero, maybe litecoin, maybe dogecoin, or perhaps a new currency 'will be' created and will replace 'all. Monero is an interesting alt btw
That's the whole point of crypto community. Speculation, speculation and speculation.

Any commodity price is almost all about speculation.
A friend of mine, who is making his doctoral degree/dissertion in the university of Haifa something about oil (I am not quite sure yet what is his field in this issue - and I guess he do not have full assurance himself as well since the process and reading & studying of the matter is in the beginning stage), told me once, even as much as  90 % of oil price is speculation.

I like the fact that Poloniex has started offering marginal trading. It enables more speculation to the markets and thus increases the stability of the markets. If you feel like dumping, then there are people who want to buy your coins and if you feel like buying, then there are people with marginal positions who want to fulfill your desire without causing massive panic buying to the market where some emotional people may get hurt and end up bitter and desperate bagholders.
1785  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 20, 2015, 01:08:37 AM
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.

Heh, I love it when a plan comes together!

Proposal: RPEX

1. Beg, steal, or borrow TheKoziTwo's idle CN exchange code.

2. Host it on clear and/or dark web.

3. Use MPEX-style high membership fees and GPG rigmarole to ensure security and keep out unprofitable high-maintenance plebs.  Maybe even stay private and invite-only.

4. Sell shares of the exchange on the exchange (RPOE.s)

It is a regular, unregulated all-purpose business registered in Finland dating back to 2010, with no tax payable unless assets are sold, 2% tax on the aftermarket transactions on the company stock, and possible capital gains tax depending on your jurisdiction.

We don't have a restriction on who can buy the stock, except that the deal must be private (may not be constantly advertised to unbounded number of people). To reduce hassle, minimum would be a few €k. If you don't have that, you are probably in the position to buy the coins directly and don't need this.

Appreciate the proposal though  Grin

Does the company lend bitcoins on Polo? For instance, if it is decided that the company will buy 2 btc*s worth of coins on daily basis, then just deposit 14 btc on weekly basis and lend out 10 btc or so and earn interest and thus prolonging the buying pressure and aiming at Titan?
1786  Alternate cryptocurrencies / Altcoin Discussion / Re: If this forum is any indication then Munero should be #1 on: July 19, 2015, 10:07:46 PM
I agree with the topic.
However, Monero is not marketcapwise # 1 yet. Do you smell an opportunity here?  Grin
1787  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 60k Moneroj. Will i be a millionaire by 2017? on: July 19, 2015, 09:18:56 PM
Cross-posting FYI (Monero and his forum, some facts about the work they are doing):


No. The reality is that you have no community, no development, no markerting. It's not me saying, you can check it here:

Work in progress -> 3 threads

Funding Required -> 2 threads


You don't have any "Developers Thread" or "testing" area. Nothing. In Academic and technical you have only 9 threads!!!!

You are an absolute fraud. It's good that the real investors do some research, Monero is only a big hype.

Keep spamming, trolling and fudding hard the competition. That's the only you can do.

Unless you do not own Moneros, you will regret when it hits some serious price levels.
1788  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 19, 2015, 08:45:27 PM
I could not resist the urge to tell it when it happened.  Grin

Now we have the sweet problem of how to acquire the considerable amount of XMR that we need. I got off the phone with the vice-chairman and we decided not to rock the markets and instead be cautious with the acquisitions. We will set up the capabilities to buy and sell OTC as well, against BTC and EUR. The company shares can be bought from the aftermarket, or new emissions, or if someone wants a sizable stake in XMR without the hassle of a BTC/XMR exchange, or the hassle of becoming owner of the company, we can sell directly at a markup and reacquire the position from the markets.

That's probably good both for the average buying price and the coin.
In this way you give constant buying pressure for the coin without pumping it into an (unhealthy) bubble.

If Monero gets to a publically traded company level in some major stock exchange (such as Helsinki Stock Exchange), it might find a buyer in some old money banking sector, and they can afford to buy Moneros worth of billions.  Grin
1789  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 19, 2015, 08:25:52 PM
Today the general meeting of a certain Finnish company that already owns about 1% of XMR outstanding, has decided to refocus the company's mission to be a Monero fund, with the objective of converting its BTC holdings to XMR, and issuing shares to select parties and use the proceeds to acquire more XMR.

...And hopefully it is made a publically traded company later so that more money can be raised towards Monero (I am speaking now about hundreds of millions of euros).  Grin
1790  Alternate cryptocurrencies / Altcoin Discussion / Re: MONERO be CENSORED on Bitcointalk? on: July 19, 2015, 05:47:32 PM
Monero people is posting like crazy in Bitcointalk because his own forum ( http://forum.getmonero.org ) is like this:




The real alternative to Bitcoin and the don't have an active forum to work with his own community.



The feedback of the community here is really amazing:

https://forum.getmonero.org/1/news-announcements-and-editorials  

 Cheesy  Cheesy  Cheesy


You can understand that the main tactic with that is spamming the alt section of Bitcointalk with threads and fud competition.



Yes, Monero community consists of long term bitcoiners and they are usually used to use btct so we are having our fun time here and also it is in the meantime a great way to increase of people's awarness towards Monero.



AKA....

The Monero community are the trolls and fudders of the alt-section in Bitcointalk. Great.

icebreaker, smooth, generalize and all the spammers and fudders of this section.



 Cheesy  Cheesy  Cheesy  Cheesy

No.
Monero community is here to help you guys to make money.
The idea is to help as many people as possible to jump into this train before it explodes.
1791  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 19, 2015, 05:26:49 PM
On august 6 this wedge closes.
xmrchina always drops the date "august 8"
Coincidence?



Indeed the trading range is getting tighter and tighter. Very hard to trade profitable these days as there hardly is volatility and if we have volatility, it is only due to buy/sell 10 XMR or so at one time.
1792  Alternate cryptocurrencies / Altcoin Discussion / Re: MONERO be CENSORED on Bitcointalk? on: July 19, 2015, 05:24:59 PM
Monero people is posting like crazy in Bitcointalk because his own forum ( http://forum.getmonero.org ) is like this:




The real alternative to Bitcoin and the don't have an active forum to work with his own community.



The feedback of the community here is really amazing:

https://forum.getmonero.org/1/news-announcements-and-editorials  

 Cheesy  Cheesy  Cheesy


You can understand that the main tactic with that is spamming the alt section of Bitcointalk with threads and fud competition.



Yes, Monero community consists of long term bitcoiners and they are usually used to use btct so we are having our fun time here and also it is in the meantime a great way to increase of people's awarness towards Monero.
1793  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 60k Moneroj. Will i be a millionaire by 2017? on: July 19, 2015, 05:20:15 PM
In my opinion you fail to understand the fact that Monero can be used also as a store of value.
You do not buy bread with gold coins, do you? Still gold is considered valuable.

Even if Monero will never reach mainstream adoption, it can reach the adoption of store of value.
When you need a loaf of bread, you just convert 0.000001 XMR to fiat and buy a loaf of bread, and when you close a real estate deal, you store the money into Moneros waiting to be used/invested somewhere else.
A coin like Monero is actually pretty ideal for store of value: it is anonymous so nobody knows your balances unless you choose to reveal it. The coin supply is low which make it scarce (like gold).

In 20+ years I see one Monero costing 1 000 000 usd - and it may even be a bargain at that time.
The current Monero holders do not bother to sell any of their coins since they have so much money that they do not care anything anymore.

Gold is a store of value, because of gold is gold everywhere and traditionally considered valuable by everyone. I don't see how monero can achieve such an universal consensus. By acceptance BTC, LTC, and several other coins are way ahead of it, technologically it's inferior to NXT and most of the gen2 coins (OK, I know most or those G2 coins exist only on paper, or in early beta), if we look at the popularity I'd say there are a lot of coins what doing far better. Then why monero?

Your question is relevant.
The technical level of coin is not the major issue why some coin will be chosen.
More important features are issues such as no premine (every holder needs to invest money in getting coins).
The community needs to be large enough to bail out a person who wishes to sell bigger amount of coins without causing too much damage to the marketcap.
Therefore the network effect is the most important thing. You might have the shiniest tech and the most beautiful wallet but if nobody or only a few people are willing to hold the coins, it is relatively worthless.

Why Monero could replace or suplement gold bullion in the years to come:

1) Emission. Most of Moneros will be mined in early 2020's but there will be a small annual increase of coins. Sounds like gold, doesn't it.
2) Anonymity. Like gold bullion in your own vault is anonymous so is Monero.
3) Fungibility (https://en.wikipedia.org/wiki/Fungibility ). Moneros also do not carry the problems of being labelled to some coins perhaps stolen from an exchange XYZ.
4) Community. Monero seem to be relatively attracting coin. The community seem to grow and no doubt the best growth rate is still ahead once the coin is introduced to people outside BTCT. The world is ready for a crypto and Monero due to the emission curve and due to feature of easiness of pumping (even one bigger investor can literally drive Monero to the moon) in the future has pretty good chances to grow big.
1794  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 60k Moneroj. Will i be a millionaire by 2017? on: July 19, 2015, 03:47:23 PM
Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

That depends on the monero devs and community. If they can turn monero to something easy to use for everyone (mobile/light clients) and if they can put widely used real life services in the foreground then yes, it could go to "da moon", and you can be a millionaire Smiley.

In my opinion you fail to understand the fact that Monero can be used also as a store of value.
You do not buy bread with gold coins, do you? Still gold is considered valuable.

Even if Monero will never reach mainstream adoption, it can reach the adoption of store of value.
When you need a loaf of bread, you just convert 0.000001 XMR to fiat and buy a loaf of bread, and when you close a real estate deal, you store the money into Moneros waiting to be used/invested somewhere else.
A coin like Monero is actually pretty ideal for store of value: it is anonymous so nobody knows your balances unless you choose to reveal it. The coin supply is low which make it scarce (like gold).

In 20+ years I see one Monero costing 1 000 000 usd - and it may even be a bargain at that time.
The current Monero holders do not bother to sell any of their coins since they have so much money that they do not care anything anymore.
1795  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 60k Moneroj. Will i be a millionaire by 2017? on: July 19, 2015, 02:45:04 PM
i would not do it

The most will not do it indeed.
However, bear in mind the most people are not millionaires in 2017.

I am not promising Monero will rise that much but certainly the chances are there.
1796  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 60k Moneroj. Will i be a millionaire by 2017? on: July 19, 2015, 02:42:52 PM
Remember: Don't invest more than you can afford to lose.

This is valid for Monero, BTC, Dash, Namecoin, etc.

That's true.
However, one cannot become rich unless one do not take any risk in life.
For some people 30 k is big money, for some people not so... If you are working in job that pays you nicely, then you most likely recover from 30 k loss faster than someone flipping burgers.
1797  Alternate cryptocurrencies / Altcoin Discussion / Re: Should Munero be censored on Bitcointalk? on: July 19, 2015, 02:25:53 PM
I wish someone had spammed me with bitcoin threads back in 2010. Perhaps if given enough exposure to it at that time I would have found a way to buy some

Monero is now where Bitcoin was in 2010. Be thankful that you are being given the opportunity to learn about it during its infancy

Of course 90% of these "spam" threads are not started by long time community members, but instead by trolls or reverse trolls so if you have a problem with it send the trolls a private message instead of blaming the entire Monero community


If Bitcoin had spammed this way back in 2010, I still wouldn't own any. It's just plain annoying and hurts Monero more than it helps them.

I think the vast majority actually enjoys the show here.
It is kinda entertaining while it is partially true (yes Monero in fact has probably the best chances to grow something big among the alts).
I've noticed that mostly the same trolls are complaining about Monero's visibility on bitcointalk (or noob accounts with 1-5 posts and all of them to Darkcoin threads etc).
They claim the Monero threads will drive people away from Monero but actually I think it is quite the opposite. People see what is the most serious coin, which one is the hottest trend and they notice it is Monero.
Therefore, Monero threads will be added even more. Monero news will be spread all over the world. Come and make others the nations the disciples of Monero by teaching them to use it and adapt it. And behold, 1000 000 million Monero price will come at the end.


~TcN~
1798  Economy / Speculation / Re: Price of Euro after grexit? on: July 19, 2015, 02:13:50 PM
i think it will shortly dip below the $1 mark, maybe to $0.80/$0.90 but it will recover after a while when other countries are realize this is the best option. no more greece in the euro.

Theoretically euro should become stronger without Greece.
Currently Greece is nothing but a parasite full of criminals in euro area.
1799  Alternate cryptocurrencies / Altcoin Discussion / Re: Why is the Price of Monero still so low? on: July 19, 2015, 01:34:37 PM


Because reality doesn't align with fantasy is my best guess.


~BCX~

Hello,

What was the issue with the threath almost a year ago?

~TcN~
1800  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 60k Moneroj. Will i be a millionaire by 2017? on: July 19, 2015, 01:32:32 PM
Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

Yes it is possible.
The emission is pretty dry in 2017.
If everything goes as planned, it will the year when people start feeling the severity of Monero shortages around the globe.
People without Monero will appear as miserable as third world people without pure water.
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