Concur, there was no TA/speculation angle to that post. I have a bit of a non-conformist tendency when it comes to strict topics, in fact I'm probably one of the worst for it on the forum.
Oh btw... ...are you even aware of the Happy donation thread? I gifted you 50 m BTC for your consistently high quality posting! Read more from my sig.  |
|
|
|
Monero price is not cheap even now, but it will not stay this cheap for long Why i have a bad feeling of a trap? And what do you mean "not stay this cheap for long?". Do you confirm the fact the price is low or you mean that it will be cheaper? There may be a misspelling there, I presume. If you read the whole post he suggests that this will go a bit lower before going up again. I'm holding a good stash for my standards just in case...  Monero is such a good and honest coin, that it has never been actually cheap. The very first few days maybe - but then not many believed that it could ever attract people like me and overtake Litecoin and maybe Bitcoin (although in Bitcoin forum it is blasphemy to say so) etc. It is not cheap now as its usability is very low, and its fully diluted market cap is $40 million dollars, far from "cheap". Yet, I believe that it will not stay even this cheap for long. A week perhaps. |
|
|
|
Russians are very peaceful people, but they unlucky with their neighbors: all of them keep provoking them into wars. That's how Russia become the biggest country in the world. Because of provocateur neighbors. The Finnish people are guilty of this too: you provoked them in 1939 to grab part of your country. You should be ashamed of it.
I don't know the truth about 1939, obviously as a Finn it is difficult for me to find out due to the official version being so ingrained since primary school. But I am very ashamed of the current actions of our Prime Minister and many leading politicians, because during my conscious age, Russia has never provoked Finland, and always has acted very rationally and peacefully, trying to solidify good trade relations (that were lost with the fall of the Soviet Union). Now these foolish guardians of my motherland are seemingly trying hard to squander all this trust - developed over a generation - in one year, without getting anything in return. Well, themselves they receive a reward for sure, but the Finnish people receive suffering. If you look at the last ~1000 years of history, there is a pattern of Russia and the western European monarchies using those countries that are geographically inbetween them as either cats paws or battlefields (I'm sure as a Finn you will be aware of the countless wars between Russia and Sweden, it could easily be interpreted as one long war by both against Finland itself). The issue was always something different, but is usually about as believable as so many attributed causes of wars. Moderators have asked that the politics & society discussion would happen either in its own section, OR the Adam's Wall Observer, which is incurable. So let's abide by this from now on. |
|
|
|
Can the totality of bitcoin holders really be estimated as such? I see these as encouraging figure if so.
I have selected this method because I see that all the other methods (used standalone) have much higher error margins, of which the people using these methods are blissfully ignorant. To understand what "this method" actually is, though, you will have to read the whole thread. |
|
|
|
Russians are very peaceful people, but they unlucky with their neighbors: all of them keep provoking them into wars. That's how Russia become the biggest country in the world. Because of provocateur neighbors. The Finnish people are guilty of this too: you provoked them in 1939 to grab part of your country. You should be ashamed of it.
I don't know the truth about 1939, obviously as a Finn it is difficult for me to find out due to the official version being so ingrained since primary school. But I am very ashamed of the current actions of our Prime Minister and many leading politicians, because during my conscious age, Russia has never provoked Finland, and always has acted very rationally and peacefully, trying to solidify good trade relations (that were lost with the fall of the Soviet Union). Now these foolish guardians of my motherland are seemingly trying hard to squander all this trust - developed over a generation - in one year, without getting anything in return. Well, themselves they receive a reward for sure, but the Finnish people receive suffering. In the old times that sort of people were called traitors. |
|
|
|
any chance for an update?
The chart is composed using statistical methods mainly. If the price, transaction quantity etc. things stay constant, and we don't have compelling evidence to the contrary, we cannot say that the adoption has increased, and there is thus no need for the update. People change between categories but the end result is the same. I did compose a more detailed analysis about the distribution for Monero. I think the action is there currently. I saw the dynamic atmosphere of Bitcoin in 2010-11. Monero is now doing the same, and the market cap is also in the same range. Why not buy your 0.1%? |
|
|
|
I think it makes sense for me to sell when my Monero holding reaches between 50-70% of my net worth. Since it is currently a very small % of my net worth, this means also a price significantly higher than 0.01.
Wow, so you are willing to let Monero become a majority of not only your crypto portfolio but also of your total net worth. Does this mean Monero has overtaken bitcoins role as #1 for you rpietila? Of course. I did it with bitcoin also. If something is so good that, after me investing a small percent of my net worth to it, it becomes a big percentage due to value appreciation, I am not the one selling prematurely. It is a part of the investing method that I am quite proud of. I have the same attitude towards Monero and Bitcoin. Unless there is a catastrophic thing or set of things that causes me to lose trust to crypto in total, or the coin in particular, I just hold until the price is either very high or zero. If it goes down, I hold. If it goes up, I hold until a black swan happens and it becomes the majority of my nw, and then I diversify. I have bought a nice stash of monero during the latest downtrend. They are forever taken away from the market, since I am not selling them, no matter how high or low it goes. I know several people doing the same. When monero price starts moving, there will be gnashing of teeth among the people who thought it would always be so liquid that it is non-punishable to sell at the top and buy back near bottom. Because those xmr are gone forever. |
|
|
|
It got really quiet in this thread. Did I say something sufficiently offensive, shocking, or motivational?  Haven't you heard that the Malla Summer Retreat is ongoing?  |
|
|
|
An interesting discussion concerning 9/11 was moderated away from my thread. I never intended to have a discussion, it is a disgusting subject. So many people still believe the lie that is touted by the administration that murdered those people there, the same one trying to kill enough people in Ukraine to make it believable that Putin would be provoked by it to start a war that only the banksters want.  Maranata!
|
|
|
|
Hi all! The Malla Summer Retreat is consuming all my energy to work in precision tasks, such as updating the OP. othe can pay the sums upon notice, and I will update the OP soon! |
|
|
|
there was a 5620 XMR dumped on bittrex right down to .003 this morning
I have bought some when the value was about .0045, do you think it will recover or I should sell now and take the loss? I'm not sure, I'm not selling, but it is disappointing to see a strong coin like Monero fall like this. What does it say? That the market is not interested in strong coins at all? But the market is more interested in fluff? It seems the folly of man is going to be our downside, not any issue with Monero itself. Dark times. In the whole history of Cryptocurrencies that has in fact been the same. Prices and markets are always driven by short term profit, that is to say the real weight of money is looking for that. 'Investment' in true value and utility is a much longer game, much smaller capital, and it often suffers from the ebbs and flows of profiteers. It has always been thus with stocks, commodities etc.. Without the markets, new ideas would not be funded : price paid. Perhaps you try to listen to the voice of reason, and, if possible, not sell your monero to me just before the turn! |
|
|
|
|
As I have said in the Monero Economics thread, and here, I will say now once again:
Monero price is not cheap even now, but it will not stay this cheap for long. And the reason is this:
Daily investment flows.
1. Monero's adoption is currently 275 newcomers per day (2.2% increase per day). This is a very fast adoption rate if it lasts any longer, and this number was taken from the last 20 days, it is a product of estimation etc. you know all that. These people buy on average for $200 == 100 XMR. So the aggregate buying is 27,500 XMR/day.
2. Inflation is 21,650 XMR/day.
This already leaves us with the deficit of 4,850 XMR/day. But wait, it gets worse:
3. There is a number of large bitcoin holders who are interested in Monero. These holders own 10,000s of XMR per person but seek to buy more. Selling does not make any sense for them if they are in accumulation mode, they can only buy. On average it can be estimated that they add 10,000 XMR/day to their stash especially now as the price is cheap.
4. So the deficit is about 15,000 XMR per day. Where do the coins come from? Existing holders. Small speculators. Since Monero has been in a downtrend for weeks now, these speculators have felt that they can make an easy buck by selling all of their speculative stash, with the intention to buy back cheaper when the trend change is confirmed.
5. This is a fallacy though, since this has been going on for 3 weeks, it can be estimated that up to 200,000 XMR as thus "short-sold", of the total speculative position of perhaps 600,000 XMR. They can only continue providing such a number of coins to the market a few weeks maximum, otherwise they run totally out of coins. Actually they would like to buy back, but: All of them can in no way buy back cheaper than they sold. The coins sold have disappeared to the whale cold wallets, and newcomers are already buying more than the inflation. This is a classic game of holding a bag of bitcoins with which to buy monero. When the music stops, the number of monero actually buyable at even close to the current price proves to be lacking.
6. Do not believe the ask depth. "As long as an ask wall causes people to sell, the ask walls are mainly used by buyers."
7. The adoption growth in an exponentially increasing phenomenon. The inflation is an exponentially decreasing phenomenon. The deficit is thus growing super-exponentially. For certain this cannot go on another month. My educated guess would be that the lows are seen next week, after which the permanent uptrend will start.
|
|
|
|
The real market here is not illegal drug sales but rather the growing number of law abiding citizens that are getting sick and tired of being tracked
The outlawing of substances serves the same fundamental aim of the government - control and suppression of liberty, freedom and privacy. |
|
|
|
Anyone is holding spartan mode until 0.01?
A certain Monero dev who joined me for dinner tonight, asked me about this. I told that I think it makes sense for me to sell when my Monero holding reaches between 50-70% of my net worth. Since it is currently a very small % of my net worth, this means also a price significantly higher than 0.01. |
|
|
|
Human + Technology = Human Cyborgs / Bio-Technological hybrids with increased potential
Human + God-Spirit within = God-Humans with infinite potential
The cyborg is already here, we carry things with us, which are always on and through which we can reach every human on the planet and access all information produced in the history of mankind, in any language, it will be translated for us, and they have numerous physical world capabilities as well, and cost only $100... The God-man is also manifested in an increasing way: remember in the Revelation, the Spirit of God is called Seven Spirits, because it has been magnified sevenfold for the consummation of the age (which is certainly in need of consummation in the next ~20 years, because the serpent has grown to be the Great Dragon, called the Devil and Satan, and is the deceiver of all mankind quite literally these days). |
|
|
|
Criticizing Monero technically hasn't worked well for them so the only other approach is to make it look like an amature pump and dump with these silly posts.
Doesn't there need to be any evidence behind the p&d claims?  Monero has had the lowest volatility of all coins, BTC included. |
|
|
|
Risto, could you please clean this thread from 9/11 WTC conspiracy theories. If you guys really want to discuss this, do so. But not in a freaking TA thread! The only buildings that may be discussed here, is the Mala castle!
Let them stay. The thread has many readers so regard them as "commercials" that you would have to endure while watching TV. The United States is trying hard to foment an actual, hot, war with Russia at present, and the spreading of lies is going so strong. There must be some truth to balance. |
|
|
|
|
I hope it goes to 470 to give a gleaning point.
|
|
|
|
|
Show Posts
