Considering the market cap of the internet is roughly 30624.3B, I would say if we reach 1% of that, it's 306B equating to 14.5k per coin @ 21 million coins.
Considering if infrastructure and scalability keep being developed, and the network remains decentralized, I think it's very possible.
Well I don't necessarily believe that the network is really "decentralized" today... it once was back during early adoption, but now with the high costs of setting up proper mining hardware/cooling and how much memory it takes on your computer to have the latest "full node" running on your computer; centralization of the network is happening every day. |
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The reality is, is that people aren't going to see what monero brings to the table unless it is put into action... and what better way to show it's true anonymity powers than in the world of .onion sites? I personally don't care for such things or drugs of any kind, but a lot of people in the world does... this is how bitcoin got it's name from the get go, personally I can see this type of thing helping Monero, even though we would probably have to deal with the implications of a "bad rep" just like bitcoin had to get over.
I dont think you will see any significant xmr presence in darknet any time soon. At the moment, that how it looks for monero in darknet: https://i.imgur.com/e4FI4Vh.pngOther search engines give few results to dead onion links at this point with some mentions of monero. The point I'm making is that monero virtually does not exist in darknet. And I'm not talking about any darknet markets, but just normal onion sites about monero, such as onion monero wallet, onion blockchain view website, onion btc<->xmr exchange site, etc. The only onion websites that I know and are about monero (or mention it in some way) are: http://moneroxzfonkazxc.onion/ which is: http://moneronodes.i2p.xyz/http://safedice2ge73n2g.onion/ which is: https://safedice.com/http://ucphth5lasyp4enj.onion/ which is: http://www.bitcoinisnotanonymous.com/Hmm... I remember seeing that picture a little while back and all of that does make sense, but maybe the people who browse the darknet don't really do anything else besides get high and sell stuff on there. Point being, is that they wouldn't pay attention to forums like these and look for a better alternative; hell, I believe that they really don't care as long as they are getting paid in the short term look of things. But this could be bad/good for monero... It could mean that if/when monero gets more popular and more people start using it, news article won't/couldn't just report that monero is used ONLY for the darknet and that it's ONLY for bad people. Then again, if it did reach and influence tor users, then that would probably mean a faster adoption rate. Hard to tell which is the right course of action, but I personally like seeing that monero starts out on a clean slate and doesn't associate itself with drug lords. |
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I will panic buy if we break 350 with momentum
The same here, I would definitely buy even if it is out of the budget. If that happens, I think many would follow suite, causing a new bubble to form with everyone participating in the hype. Personally, I think the hype has already been created... a couple of months ago, people were seriously thinking it was truly the end of bitcoin as we knew it when prices were falling below $200. Not to say that this wasn't the same thing when prices were falling from the skies at $1000; but I think people are starting to realize that this seems to be a healthier growing point bitcoin has reached as of right now with the steady price increases each week... not too fast, not too slow... the perfect medium for all speculators in bitcoin to keep steadily putting money in and not worry about some huge crash near that's nearing soon. |
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Monero is only the vehicle for the next phase of the cypherpunk/crypto-anarchist/radical capitalist/anti-authoritarian r3VOLution.
 Some of us openly have government jobs (despite being small potato peons) and have security clearances to worry about, so as a matter of record I personally would strongly disagree with all of those statements. Call it whatever you like though, fortunately math is not a matter of opinion.  I personally believe we will see $2,000 Moneros by 2020, possibly a little higher. I think $20,000 Moneros come before 2025, and $200,000 Moneros come before 2030. These time tables might move a lot faster depending on a variety of factors. I think that I can see what Monero's 'fractal shape' might be though... and well,  Idk, it really becomes a question at first if people who are transacting payments in the crypto world value privacy more than the big entity that bitcoin is as of right now... It would take a whole lot more people who are in Monero for the long run (more than just a pump and dump tactic) to make those prices become a reality. Unfortunately, I can only see those prices become a reality if the dark market accepts it as it's second "most favorable" payment method... The reality is, is that people aren't going to see what monero brings to the table unless it is put into action... and what better way to show it's true anonymity powers than in the world of .onion sites? I personally don't care for such things or drugs of any kind, but a lot of people in the world does... this is how bitcoin got it's name from the get go, personally I can see this type of thing helping Monero, even though we would probably have to deal with the implications of a "bad rep" just like bitcoin had to get over. |
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Yep...not like im new to btc or anything but WHY is it, every time the pot starts to bubble, I run off to count my piggy bank for "just a couple more"? Lol
I'm curious if anyone else (that has been around long enough to know better) still gets these vibes?
I've been content buying the dips AND the tops...little at a time. Today was the first day in forever that I checked price more than once in a day lol...usually a sign that I'm gonna panic buy and of course, watch price drop the second in do.
Pb2k
lol, yep... you've caught the bug that many of us caught when we were buying in at $600-$700 a coin. It's just a matter of putting in as much as you can afford with out "breaking" the piggy bank you are going for to buy more coins... As long as you have a somewhat level head, and realize how much you can spend on digitalized money without foreclosing on your house or something like that; then you'll be just fine. But mostly just try to buy the big dips, of course this is hard and anyone who could predict with certainty that a price is going to do what a certain given time would be a billionaire by now. |
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This is assuming you have the "Amount Key"?
No. The equality sum(in)-sum(out)-fee=0 is independently verified by every node or any observer without any key. (...) Else, you could have the problem of being too opaque, because the network peers would not be able to check if moneros were being created at will. This is a really big deal. If/once confidential transactions are integrated into Monero, it will be the best cryptocurrency hands down mathematically possible. The only way to improve upon it would be to enhance it's transaction per second scaling through some yet-unheard-of mathematics, but it's likely such a radical shift would break all the excellent privacy features we have built up so far. We can handle a theoretical 1600 tx/sec now; perhaps if a way to scale easily to tens of thousands or hundreds of thousands were proposed it would be compatible with the Monero implementation. As well, we aren't sure if 1600 tx/sec will even be our final maximum (may improve over time with upgrades to software/hardware) and even if it is, that's good enough to serve as a backbone for a giant international settlement mechanism. Visa does 40,000 tx/sec, but by the 2030's we may not be using Monero to buy coffee with - it's possible that it will serve as a financial backbone for other centralized sidechains and centralized/national/NWO currencies. I think that most people wouldn't have as much of a problem with US Dollars, even inflationary ones if the Federal Reserve issued a view key each year and said: " As you can see, the US Dollar is currently being backed by 34 ore each. If inflation proceeds as planned, considering our mining operations, next year the dollar will each be backed by 33.8 ore each." (or whatever an atomic unit of Monero is designated as in the 2030's  ) I have heard many proposals on this forum for a cryptocurrency that will be able to confirm extremely quickly and scale to global levels (albeit with the tradeoff of little/no privacy). I haven't been sold on any of them as "the coffee buying solution". I was once impressed with someone on Reddit who suggested the world may need three big digital networks - large public settlement mechanism, large private settlement mechanism, and small public settlement mechanism for buying coffee (because the thinking goes you don't care if the world knows you bought coffee and the Times) Yeah, I personally believe that Monero will have to stick with being super secure and "opaque" by some peoples standards, because that's what we are getting to be noticed as and we need to capitalize on being the best in one area in the crypto world, it's just too technically demanding, I would imagine, if we were to try and tackle being both private and lightning speed fast. As long as the devs can keep managing to keep improving the software to be more complex in the nature of the cryptography that comes along with monero, while making the platform to transact and use monero relatively simple for anyone to jump on board when they want to (mymonero being the first); then I think we'll be ok and can then start luring people and business to come join in. |
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I would be worried if chinese were moving their $ using bitcoin because those millions of coins got to end somewhere.
the truth is that we are building ponzi (MMM) upon ponzi (OK Coin).
Maybe they will put some of those coins back on the market just to have fiat, but I'm starting to think everyone is speculating that the prices are going up very soon, so maybe they will keep a majority of those coins and hang on for the ride... who knows... it's going to be fun to watch, that's all I know. |
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The average distance to the Moon is 384403 km, so it would be fairly reasonable, if you set 1 bitcoin to 1 km, that 384,403 USD equals to da moon! Or if you want miles, it is a bit less: 238,857 USD. Sounds about right to me, atleast, I wouldn't worry anymore Haha, that's actually a pretty interesting way to look at it in that way... I guess you bring up a good point, though, it's pretty unrealistic... "Da moon" is a dreaming price that we have, not a real price point. Dreaming is free and 10.000 $ point will be very nice to see, but on the real market 1.000 $ Bitcoin in one or two years is a dream for everyone that bought it near 200$ weeks ago.
Yeah, even though some people weren't fortunate enough to buy bitcoin when it was $10-50 and waited until 2013 to sell out... there are still some of those people. I believe that $200 will be the lowest it's going to go right now, and the new "low price" after a couple of years might be $400 or something like that a coin... I just have some kind of feeling that another crazy spike is going to happen after the halving. It's going to be a crazy ride next year, IMO. |
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Since we hit 275 now, you say we go revisit ~250 and then go to 290 and then down (down to where) ?
It already exceeded my upside by a small amount, but my timing model says it is likely to turn down starting today. Thus today would be the correct time to rotate from BTC to XMR. If it continues to rise past the expected turning point, 292, 300 are resistance levels, and a conservative estimation of the next top, if it drops as timing models indicate. The support levels are 266, 250, 244, 220. My current expectation is that the top is in, for the next few weeks, and I do not expect a pullback below 240. Cycle times have been running about 3 to 4 months, top to top, and that is my best estimate of the next cycle time. My alternative scenario is for 3 weeks of continued climb, starting late next week from a slightly lower level, probably touching 300 before a downtrend begins. My own strategy is to rotate 60% of btc into XMR today, and hold out 40% to rotate near XBTUSD 300, in case the second scenario is more accurate. In either case, when timing models indicate a BTC bottom is in, I will then rotate the position (a small trading fraction of my overall holding position) from BTC into XMR. Even though this is probably the best plan to get as much XMR per Bitcoin; I really can see prices steadily rise until a pretty high price point before and maybe after the halving (post halvingv will be more volatile though I think)... So as of right now, I'm still accumulating only Bitcoin and holding on to the xmr I have until we see higher prices. I also personally think that xmr prices will stagnate around the $.40-$.50 area for sometime until all the official releases and hard fork comes out. So even though it's a good plan for right now, I just personally see better opportunity to accumulate more xmr later. |
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I didn't even know there was any activity on this thread recently! Anyway, seeing as its up, we're taking beta testers again if anyones interested  Nice, if you would kind send me a PM of what needs to be done and approximate test date... Seeing that I've been currently really busy at work, I might not be available to test it out... Or maybe you can just post everything on this thread so everyone will know what to do. |
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Yeah finally I reach BTC 1 and I need over a year to achieve that.
I need many effort to get it and that's not easy at all. But I'm glad that I can earn bitcoin and I can pay my own college fee
Wow, you are paying off your "college fees" with primarily only bitcoin payments? That's really impressive with just one bitcoin. I would have to think you are planning for a long term pump up in prices for that one bitcoin to become worth something more in order to pay off college, but I'm not quite sure just by the way you worded that. |
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So people have always stated that they are going to wait until the price of bitcoin reaches some magical price point which represents "Da moon" to sell out their bitcoins... So my question(s) is this:
1) What price is "Da moon"?
2) How will you know you have gotten there?
3) Will it be worth it to cash out when it hits that point in your opinion? If it truly helps you out purchasing goods in an easy and convenient way, would you really consider "cashing out" for that big paycheck for the bitcoins you hold, just to go back to the same ol' mundane fiat system that we all left?
I'd say 10k USD. At that point its overtaking all other payment processors and credit services. It become the global electronic currency, everything has to shape around it or die. At that point BTC achieve an economic revolution.Of course long before we get to 10k i'll have cashed out some to pay for some better quality of life. But anyone who already is setup in term of BTC income is set. That might take a long time to happen, however. So wouldn't that make my point clear in question #3, that it would be pointless to sell out for such a price point, because bitcoin has overtaken credit card companies, banks, and other things that relate to fiat payment systems? Why would you want to cash out to something that is going to be meaningless? I would imagine at that time, you will be able to fund your new found "quality" life you are striving for in the first place, mainly by bitcoins at that point... so there would be no need to "cash out" necessarily... right? |
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 will be buy home I will sell all my bitcoin and buy home and car You guys must hold quite a lot of bitcoin then to be able to buy a car and home when the price of bitcoin would go over the price of just $1000 ... I mean in reality you would probably need around 200(ish) bitcoins to even consider buying a relatively decent house or car... not anything luxurious or extravagant for that matter. |
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I just saw a quote by a user that Monero has an "opaque blockchain" which I don't think is correct.
Monero has a private blockchain, in the the sender and receiver are always protected from knowing each other, but (correct me if I'm wrong here) the amount of money moving across the blockchain is still visible in some respects.
If someone sent 300,000 Monero across the blockchain, then observers would be able to see that a large amount of money moved today but not be able to pin it down to a particular user or transaction time (with proper mixin settings)
I thought that with the new CT ring developments coming out, people wouldn't be able to tell what amount of monero is being transacted unless you have the right key which shows you the amount for that particular transaction? Wouldn't this be a non issue with the upcoming developments? |
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In most cases the Golden Ratio is yours for absolutely nothing. In this case it would a tad costly. Retaining the ability to feed and house yourself is probably more important to most people.
Yeah, I can completely agree with this... until utility companies, grocery stores, and other companies who provide necessities to people who go about day by day/paycheck to paycheck, there won't be a price above $5,000 IMO... there has to be an incentive for more people to get into bitcoin for this to be even considered I would think. When the price steadily increased throughout 2012-2013, there were more and more people being introduced to bitcoin that people felt the need to invest... that's what ultimately helped drive the price up (not to mention Gox; but that's another story). I just can't see how $10K levels could be reached if this hasn't happened... but like everyone else says, anything could happen in the world of bitcoin |
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i have an idea why you do not bought dozens bitcoin when the price went to down and sell it when the price goes rises
i believe you would earn a lot profit from it
Well I mean, if people could do this on a whim, then there would be a lot of people doing it... that's the dream when it comes to regarding early adopters in a very volatile wild west nature of bitcoin as of right now. The truth is, is that it's very hard to speculate at which price point is the best to invest a majority of your bitcoin. When we saw the major drop back in August this year to sub $200 levels, all the threads were basically saying "RIP bitcoin" etc. etc. ... It's even more difficult to tell what the miners are thinking at any given time. This becomes a major factor because essentially the miners are the people that really make bitcoin work... without them, bitcoin would be nothing; and if they were to sell off everything and get out of bitcoin completely, then the price would just plummet into the ground and probably never get back up. |
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So people have always stated that they are going to wait until the price of bitcoin reaches some magical price point which represents "Da moon" to sell out their bitcoins... So my question(s) is this:
1) What price is "Da moon"?
2) How will you know you have gotten there?
3) Will it be worth it to cash out when it hits that point in your opinion? If it truly helps you out purchasing goods in an easy and convenient way, would you really consider "cashing out" for that big paycheck for the bitcoins you hold, just to go back to the same ol' mundane fiat system that we all left?
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I'm liking the slow and steady price increase.
At least we're not facing a bubble like back when Bitcoin was at around 1200 dollar.
I'd like to see it at around 350 dollars in a couple of months
If this keeps up, I'm sure we will see that price range around the start of the new year... just as long as now market manipulation happens (which I'm sure it will)... A huge price spike always cause the bears to come out. As long as there is no incentive to start shorting incredibly hard, then prices will steadily rise until the halving comes out to cause a whole shit load of speculative pumps and dumps. |
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Perhaps this will be a slowly raising price due to the halving next year, making for a soft raise, instead of going down and up abruptly...
The next halving period is 8-9 months from now. And the price normally until that time should be increased. I think at least bitcoin price will be somewhere at $320. Somewhere around $320 in 8-9 months from now?? I really doubt that... I can see the price being around the ball park of $400-$500 around 8-9 months from now, due to high speculation of what the halving will do. After the halving happens is where we are going to see the shit show of high spikes and drops... going to be a crazy time speculating what is the next best move around that point in time... but it will be fun, you can bet on that. |
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I think this has already been done before in the past, but I think it would be pretty cool if you would incorporate a way for the program to incorporate a way to let someone run the program on their computer and "hear" the exchanges being done on the blockchain... so that each exchange has it's own different sound, and the amount that is transacted has a deeper or higher pitch.
I really think that someone somewhere has already done this, but even if so, I think this would be a good application to add.
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