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? It happened during night un Europe. I went to sleep at ~0.0085, breakout was annouced but unconfirmed. So i moved my orders into 0.0099-0.0120 (2% of my stash) When i woke up, price was above 0.0120 and 6 new pages on this thread. How do i feel this morning? I'm very fine  I'm unable to buy back but no matter, it's a nice profit (and it's important to take profit when it's possible) and the remaining 98% of my stash is healty as never. The sun is shinning! Thank you for giving a nice entry point to new bagholders. My coins may never be for sale (might be buying gold directly when the price rises). My portfolio is in well position. If bitcoin goes to 10 000 + usd I have enough of btc, if Monero goes to 1000+ usd, I have also Moneros. If both btc and xmr fails to grow, I still have my rental units + 2 jobs I am satisfied with and quite nice monthly surplus income. Selling Moneros just causes more taxes to pay so better just hold and sell in a stingy manner if ever. I might actually just buy some odd XMR for the sake of support (not to grow my stash). I think the current level of 0.012-0.013 is excellent accumulation zone still. There is plenty of room to grow, only 6 million coins will be mined before minimum block reward will hit (when the minimum block reward hits Monero has a decent chance to become worth of 100 000 - 1000 000 millions of dollars). So selling now is like giving free money to the new upper class.  We need to appreciate everybody who decide to sell now before the DNM will start sucking Moneros from markets. Thank you, sellers! |
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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 conditionalized 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.
That's short term thinking in my opinion. You do not need bitcoiners to adapt Monero to reach parity with bitcoin. All you need is stingy Monero sellers and greedy junkies. |
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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? Almost a heart attack. I was thinking it probably goes down a little bit so that I can nibble a few more coins but it went to ATH. I hope the 2014 ATH will form so strong that it is unreachable. |
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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.  [/quote I am not the right person to give advice but I am not personally selling any coins. I just was thinking if there is a way to donate a portion to the charity I am doing without tax consequences whenever that is current... |
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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. |
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I think breaking the market cap of Dark coin will be a remarkable event. I hope it happens for ever and stays like that. That is the exact moment when we can finally proclaim the victory and become the best anon. coin.
It needs some strong support and I think Poloniex is possible to give it, just let's keep the market wet if there are some impatient people willing to sell their coins for cheap - they need the opportunity to do so.
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I can't believe you are not holding Monero! Still at least you have a roof over your head Yeah, shit happens, but the house is still promising. We are starting a community there and Daniel Raissar is coming. Life goes on. I'd be interested in your thoughts about XAG - it seems to have taken a life of its own recently. How long do you think the recent correction will continue?
Um no idea. Historically XAG is quite cheap so I'd invest a small % of portfolio as a hedge with appreciation potential. But it is no more a lynchpin of the global economy, ever since crypto was invented. I think rpietila has not lost a single coin. He is not that stupid.  I was was unable to come to Forssa. But it was great to see that you were there and with the spirit. I agree. There are at least two alternatives: He sold all his coins in the bull run and now working hard to buy them back (after all, he bought castle in this manner so why not repeat it here to get the funding for repairing it into livable condition). The other alternative is he has put his coins into someone else's name (his daughethers', wife's etc). I speculate that the first scenario is most likely with 36.8765678765678% probability. |
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Ok guys, I'm officially done for some time. Volume decreased almost 3x since DM news, and the price is obviously getting manipulated at this moment. Will wait for a stable price around 0.005-0.0055. That has to be done. If not, DM vendors and customers will be afraid to use Monero, because of 30% daily jumps/dumps
See ya.
The general rule is that when the volume drops after the dump it is the early sign of the bottom (no more coins to dump) and the next step from there is to climb up due to the organic demand which it finally is about to get. Where do we need to draw the lines now for Aminorex's marketmaking? |
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And goodbye to $4. Never again, I think. Thanks for the Monero!
Draw the straight line of f(x)= 0.0043 and I will buy under. X is any moment of time. |
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I've read many times from several authors that the vendors need to convert their Moneros into bitcoin and to the fiat.
That is not the case - Monero is not a payment token but money that has not only anonymous transactions but also anonymous wallet balances. Therefore Monero is ideal for D.N.M. vendors to hold.
That being said, some Moneros will be converted into cash for the sake of convenience (Monero is not accepted in local supermarkets).
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How are things with Risto's Monero fund he talked 1 year ago in a vague manner?
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Official sold LISK for XMR. Hello Team!
will only 5000 XMR be ok for me? - or will i be a poor man in my future? what is a "good amount" of this coin to hold?
I will be still learning from all of you thank you!!!!!!!!!!!
How many people hold over 10K coin of this?
how many people hold 5k ? -- if you have to make guess? I know there is no richlist so if any veteran XMR member can give me opinion
That really depends on how long are you planning to stay as a bagholder. If you plan to hold it for the long haul, then I think you are quite well off but if you think to sell it on Sept 1st 2016 when Monero rises a few percentages then it is better to have it than not to have it I guess. I have been holding a certain number of Moneros since summer 2014 and I am here for the long haul, it is possible Monero's price rise and Dark markets are just the beginning what is ahead of us. There are also decent normal people appreciating privacy. As said earlier, 0.004-0.005 is pretty strong base and support level. It will be pretty hard to break it + the fundamental demand (which most likely comes at least at some degree from D.N.M. will support the price). |
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It depends of you. People're trying to fill their bags before 1 september as much as it's possible.
Yup, definetely demand will be here. However, I am not sure how long it takes until we can start to see Monero price rising and get finally Monero to the bullish trend (still ATH from 2014 is untouched). |
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never. the only reason people are getting excited about it is the anonymity.
there'll be a better alt that's anonymous, scalable from minute one and has a full set of facilities. one pump does not make a world beater.
If you think this is pure pump and dump, then you can benefit from that view as follows: Go to Poloniex. Deposit some bitcoins. Transfer the bitcoins to margin trading account. Pick Monero. Then Sell Monero. There are currently 112 000 XMR (over 400 k USD) available for you to short. When the price drops you can buy back the coins for cheaper and pocket the difference. If the price rises, then you get forced liquadation. |
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if darknet markets have this much influence then why ain't they creating their own coins and accepting nothing but them? there'd be a whole lot more money in it.
The coin needs also markets and liquidity. |
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Just recently someone said in the trollbox that already 12 vendors at Alphabay are about to take Monero payments... Because it is a trollbox, I'd like to know if somebody has any information is it true or just B.S.
Also, it would be nice to follow how wide is the Monero adaption among D.N.M. in general so if someone is more specialized to those would you care to give some additional & factual info.
I heard something similar on reddit. I'd imagine anyone using tor and BTC is already somewhat tech savvy. The barriers to entry for monero, i.e lack of official GUI wallet, lack of direct USD-XMR trading, shouldn't be too big of a hurdle for D.N.M. users. I signed up and made a search for who accepts monero. Got 70 pages of results and browsed through the first 8 pages.. counted 30+ vendors just there so probably a lot more. Not sure if there's a better way to check these stats. Then no doubt Monero will become expensive. Selling now is like selling for peanuts if this is true. Sure tomorrow you might be able to buy 10-20% cheaper with some probability but also if the shorters are hunting for dumps there may not be chance of getting any meaningful amount of coins for cheaper price. Anyway, this pump haven't affected my position, I might buy some more actually (which is insignificiant considering the size of my overall stash) to support the price, after all there are takers to my coins in the future most likely. |
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Just recently someone said in the trollbox that already 12 vendors at Alphabay are about to take Monero payments... Because it is a trollbox, I'd like to know if somebody has any information is it true or just B.S.
Also, it would be nice to follow how wide is the Monero adaption among D.N.M. in general so if someone is more specialized to those would you care to give some additional & factual info.
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I told Monero will reach parity with bitcoin in 2015 spring but I was ridiculed out by Warz and some others who decided to dump their coins (you can verify this by browsing my post history).
I was told that I am delusional.
So parity between Monero and bitcoin is nothing new... In fact, I have started pondering the idea of Monero being more valuable than bitcoin and the fair value should be something like 1500+ usd/xmr which is roughly 2.5+ bitcoins.
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I'm kind of expecting 0.01 BTC right now And kind of getting into deep thoughts about XMR actually replacing BTC in 4-5 years 4-5 years is such a long time that it might actually occur that people start using bitcoin as an alternative currency to Monero. How would the cryptoverse look like if this happens? |
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It will be interesting to see how high those Darkmarkets will bring monero and what is the real demand from there towards Monero. However, I am pretty confident some demand will be coming from there.
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