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1061  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 17, 2016, 01:20:31 AM
If you use Monero or any other crypto for transactions you do not care about the price.
If you want to buy a cup of coffee for 6.5 usd but pay with bitcoin, you do not care if they price of btc is 650 usd/ btc or 6.50 usd/ btc since you buy it at the same price from the markets that you spend it on coffee.

$6.50 for a cup of coffee?  I thought you were frugal Grin

I drink tea at $0.03 a cup.  Not long ago that difference would get you 25 Moneroj.  I can't believe 1 Monero was 5 and is now 40 deposit bottles. Tongue

Where do you think this poor boy got all his Moneroj? Wink


Oh look, 29k sell wall at 301999/302000  Cool

I said you buy a cup of coffee.
Personally I make my own coffee from the cheapest quality which costs in local supermarket 1.80 euros per 500 grams. I don't use milk nor sugar, just black coffee, but I like it strong so I consume it pretty heavily per cup. I think the average price per cup is also some cents.
1062  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 17, 2016, 01:17:38 AM
@TC: Sorry - I should have made my point more clear. If a person has 0.5 BTC and they can buy Dash or Monero, they'll get more Monero (I believe the price will will rise, so it's an even better buy long term) than they will Dash, and they'll be getting a superior coin. That's what I meant by a double-win. I understand that at the point of purchase, the opportunity cost is the same. The differences are in the long term and in the amount of privacy you get.

Yes demand will rise the price. If you study enough you may not buy Darkcoin but Darkflarb instead. However, average Junkie do not study which coin coin they use.

1063  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 17, 2016, 01:09:49 AM
If you are newbie to crypto (and not tech savy) you quite fast discover btc transactions are public, then you might look for an alternative and you go to coinmarketcap and see Darkcoin (and you hear it all over as well). That's the exact reason why Darkcoin will be picked instead of XMR, most people will not research fully and they are satisfied with easy solution.

Therefore it is crucial to have higher marketcapitalization than Darkcoin IMO so that Monero will be the easy solution.

There is no more "Darkcoin."   Cheesy

They abandoned the brand, its supporters, and its emphasis on privacy in favor of shiny new fads like instant tx and DAO claptrap.

XMR is now ~50% of Dash's cap and the trend indicates this capital diffusion will intensify.

On the important basis of liquidity, the two coins are neck and neck as far as which one has more buy orders and overall trade volume.

Do you think it is possible to reach the parity with Darkcoin (marketcapwise)?

I believe it is inevitable.

What Peter Todd refers to as Dash's "bad crypto" will be broken eventually.

And the law will catch up with Duffield, especially if he keeps soliciting non-accredited investors with his "8-15% return on your money in the bank" HYIP at get-rich-quick seminars.

Dash will collapse from its own internal contradictions, including the security/privacy/decentralization theater.

Monero is only going up and is unstoppable, absent some fundamental new crypto discovery-based flaw that cannot be fixed.

When the GUI + Multisig + RingCT trifecta hits, the world will never be the same.  100% fungible e-cash will usher an era of egalitarian financial sovereignty, as Monero democratizes access to goods/services/privileges previously reserved for 0.01%-er plutocrats.

At least pricewise it is still below ATH that was in 2014. And since bitcoinexpress fud attack it has been trading 0.001-0.004. It goes up when it breaks records.
1064  Economy / Speculation / Re: How long will bitcoin survive? on: July 17, 2016, 01:04:27 AM
Will bitcoin still be there in 2020 or will some other technology better than bitcoin take over?

Bitcoin has one specific advantage, and that's network effect. However, I love also Monero.  Wink
1065  Economy / Speculation / Re: How many people are considering selling after the halving? on: July 17, 2016, 01:03:06 AM
Never sell, just buy and hodl and see how the supple vs. demand will work hard for you.  Kiss
1066  Economy / Speculation / Re: Will bitcoin go back to bellow $400? on: July 17, 2016, 12:50:59 AM
It is possible to go under 400 usd but not that probable anymore. More likely it will go to the moon in the coming 24 months.
1067  Economy / Speculation / Re: Hold onto your balls gentlemen , the halvening is coming! ;) on: July 17, 2016, 12:49:33 AM
Tc , i did read your post and maybe i got it wrong. You did state last time the price rose to 1200 within 6 months after halving. You stated This time it can end up at 10 000% , 100 x current value of btc 650 usd= 65000 usd. I took it as you were saying this 100 time increase will happen like last time within 6 months after halving

At my age i should know better not to read and reply posts after a night out . So , i am sure i got your post wrong

As for the banks buying into btc,  i understabd now what you mean so thank
you for clearing that out. Hopefully in near future  banks jump on the btc train to secure profits


Yes, last time it took 4-5 months to go 20-25 times higher (which suggests 13 k usd) and then dump around 4-6 kusd and from there to moon. The landing on the moon from now should take around 12 months from now if 2012-2013 will repeat itself. That is very visible on the charts.
This time it might be different. It may not go in the same pattern (might fall short or might go beyond).
The fundamentals are better with btc than never before. Inflation is in a level bankers might get actually interested, if not this time, at least after the next halving in 2020.

That being said, I recommend to be consistent with btc, just buy more every week, when you spend it, imagine you spend 400 k usd future value now (this makes you pretty stingy).
25 btc might buy you a nice home from the richest neighbourhoods in the world in the future, selling btc just causes you taxes so better just hodl and see what happens and not to sell if the price rises 50-10 % from now.
Imagine how much those people regret their bitcoin sales of sub 100 usd when it crossed 100 usd/btc in late 2013 for the last time. They were not able to refill it that chep never after that.
1068  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 17, 2016, 12:09:15 AM
If you are newbie to crypto (and not tech savy) you quite fast discover btc transactions are public, then you might look for an alternative and you go to coinmarketcap and see Darkcoin (and you hear it all over as well). That's the exact reason why Darkcoin will be picked instead of XMR, most people will not research fully and they are satisfied with easy solution.

Therefore it is crucial to have higher marketcapitalization than Darkcoin IMO so that Monero will be the easy solution.

There is no more "Darkcoin."   Cheesy

They abandoned the brand, its supporters, and its emphasis on privacy in favor of shiny new fads like instant tx and DAO claptrap.

XMR is now ~50% of Dash's cap and the trend indicates this capital diffusion will intensify.

On the important basis of liquidity, the two coins are neck and neck as far as which one has more buy orders and overall trade volume.

Do you think it is possible to reach the parity with Darkcoin (marketcapwise)?

I do. But even if it doesn't happen (unlikely, esp after GUI wallet release), privacy seekers will enjoy getting more of a superior coin (Monero) for less money. It would be a double-win for them.

If you use Monero or any other crypto for transactions you do not care about the price.
If you want to buy a cup of coffee for 6.5 usd but pay with bitcoin, you do not care if they price of btc is 650 usd/ btc or 6.50 usd/ btc since you buy it at the same price from the markets that you spend it on coffee.
1069  Economy / Speculation / Re: Hold onto your balls gentlemen , the halvening is coming! ;) on: July 17, 2016, 12:02:40 AM
Last time Bitcoin block reward halved the price stabilized to 10'sh dollar range for a few months. In 6 months from the halvening the price rose to 265 usd, then it got dumped and restarted rising to 1200 usd - and all this happened with 10 % inflation rate. Now the inflation rate is merely 4 % so the final peak might be more than 10 000 % from the current levels..

Actually one big bank can buy btc to 300 000-400 000 usd/btc if they so decide (and why not to decide).


I have been reading many of your posts and  you are very very open to hard value raise.  Do you base 10 000 %  on last halving alone and inflation rate?   so you think the value of BTC will be around 65k USD/BTC  in 4-5 months ?

About one one big bank buying 300k-400k USD/BTC , why would they want to ?



Apparently you did not read the post you quoted.
Did I speak will be around 65k in 4-5 months? If you got that understanding, please read my post again in a more careful manner with comprehension.

The bank who first buys in bitcoin gets the best deal as it can buy their first coins for 650 usd. If they drive and start defending 400k usd price their coins that they bought at 650 usd are worth 400k usd. The higher they drive it, the more they create wealth for themselves.
1070  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 16, 2016, 11:51:39 PM
If you are newbie to crypto (and not tech savy) you quite fast discover btc transactions are public, then you might look for an alternative and you go to coinmarketcap and see Darkcoin (and you hear it all over as well). That's the exact reason why Darkcoin will be picked instead of XMR, most people will not research fully and they are satisfied with easy solution.

Therefore it is crucial to have higher marketcapitalization than Darkcoin IMO so that Monero will be the easy solution.

There is no more "Darkcoin."   Cheesy

They abandoned the brand, its supporters, and its emphasis on privacy in favor of shiny new fads like instant tx and DAO claptrap.

XMR is now ~50% of Dash's cap and the trend indicates this capital diffusion will intensify.

On the important basis of liquidity, the two coins are neck and neck as far as which one has more buy orders and overall trade volume.

Do you think it is possible to reach the parity with Darkcoin (marketcapwise)?
1071  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 16, 2016, 10:52:17 PM
Two Buck Chuck has shown some incredible persistence, but the volume has declined quite a bit so I think that there just isn't a lot of motivation to dump further or bid it up.  It is what is commonly known as a volatility squeeze and so far these have been resolved upward, with an impulsive move.

I certainly support the price staying in this narrow range for as long as possible.

Build a base and then see what happens.

I foresee a global financial meltdown to start in the coming months and carry and echo through years to come.

in 2008 Bitcoin did not exist neither did Monero, so if they did back then how they exist now, any global financial woes would propel them higher.

The house of cards is falling down.

If someone wants more anonymity, they will choose Darkcoin instead I am afraid unless the marketcap will not exceed it and stay above it for ever.
I think the low volume is a sign nobody knows what to do and are waiting for some bigger movement up or down. After all, the support is in low 0.002's - there is pretty thin support around these levels.

LOL @ "more anonymity"

What is your basis in a technical discussion to make such an astute assertion?


If you are newbie to crypto (and not tech savy) you quite fast discover btc transactions are public, then you might look for an alternative and you go to coinmarketcap and see Darkcoin (and you hear it all over as well). That's the exact reason why Darkcoin will be picked instead of XMR, most people will not research fully and they are satisfied with easy solution.

Therefore it is crucial to have higher marketcapitalization than Darkcoin IMO so that Monero will be the easy solution.
1072  Economy / Speculation / Re: Hold onto your balls gentlemen , the halvening is coming! ;) on: July 16, 2016, 10:37:52 PM
Last time Bitcoin block reward halved the price stabilized to 10'sh dollar range for a few months. In 6 months from the halvening the price rose to 265 usd, then it got dumped and restarted rising to 1200 usd - and all this happened with 10 % inflation rate. Now the inflation rate is merely 4 % so the final peak might be more than 10 000 % from the current levels..

Actually one big bank can buy btc to 300 000-400 000 usd/btc if they so decide (and why not to decide).
1073  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 16, 2016, 08:59:49 PM
...
 promises of "soon coming" GUI are still in force however but nobody seems to care.
...

If this is correct, the implication is that the GUI work has not been priced in by the market at this point.

They dont "seem to care"....yet.

Out of sight out of mind.


That might be true... I think not many think GUI will be ready since it has been in the "soon"-list for 2 years already. We will see if it gets done, what kind of pump it will cause (or if there is no hype it will not cause a pump at all).
1074  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 16, 2016, 08:56:58 PM
Two Buck Chuck has shown some incredible persistence, but the volume has declined quite a bit so I think that there just isn't a lot of motivation to dump further or bid it up.  It is what is commonly known as a volatility squeeze and so far these have been resolved upward, with an impulsive move.

I certainly support the price staying in this narrow range for as long as possible.

Build a base and then see what happens.

I foresee a global financial meltdown to start in the coming months and carry and echo through years to come.

in 2008 Bitcoin did not exist neither did Monero, so if they did back then how they exist now, any global financial woes would propel them higher.

The house of cards is falling down.

If someone wants more anonymity, they will choose Darkcoin instead I am afraid unless the marketcap will not exceed it and stay above it for ever.
I think the low volume is a sign nobody knows what to do and are waiting for some bigger movement up or down. After all, the support is in low 0.002's - there is pretty thin support around these levels.
1075  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 16, 2016, 06:38:33 PM
Back to the topic, speculation.
So what do you guys think, up or down from here? For me both are equally good.

sideways till the next BTC pump, then down and consolidation around 25

TC, how can they be equally good when it's not going low enough for you to buy?  I know where it's going but I don't know the path from here.

s1gs3gv, when is the next btc pump?

If it goes down to my target I buy (perhaps if I have balls enough anymore).
If it goes up, I doubt it will go high enough I will bother to sell.

Therefore, I do not care if it goes up or down.
1076  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 16, 2016, 06:36:27 PM
Back to the topic, speculation.
So what do you guys think, up or down from here? For me both are equally good.

sideways till the next BTC pump, then down and consolidation around 25

Thank you!
The volume is now pretty low.
Risto is not active here these days, promises of "soon coming" GUI are still in force however but nobody seems to care.
Price might actually drop. After rise when the volumes go down usually the price drops. And after dumps the drop of volumes is a bullish sign.
I think 25 is also a reasonable area to go... On the other hand, the whale might be planning to buy some large share of coins and waiting for the dump to come and then suddenly attack to the sellers.
It will be a great surprise of Monero is cabable to break the trading range of 0.001-0.004 with new higher trading range.
Currently I think Monero could take 0.03 (10 times higher price) IMO. And rising there will bring new members to the community and thus increase adaption.
Darkcoin community also seems not to have any urgency to join us since their coin is higher in the coinmarketcap.
1077  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 15, 2016, 08:35:20 PM
Back to the topic, speculation.
So what do you guys think, up or down from here? For me both are equally good.
1078  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 15, 2016, 06:15:18 PM
I agree Monero needs people who are spokesmen and are bringing Monero to the elite.

You don't really want to encourage people to start thinking of XMR as an elitist's coin do you ?

We do not have Forbes guys owning Monero do we?

Of course one can not know with certainty.  If they do it is in negligible amounts.  Bullish😉

Any owners today are elite by the standards of XMR, since they are among a very few early adopters.

Within that community, XMR has seen a reasonable amount of currency use, but it is definitely too small a community, too loosely knit, to support a meaningful economy.  Probably, the overwhelming majority of present currency use is via XMR.to or shapeshift, and hence rather inefficient. 

I am dubious of prospects for adoption outside of a few use cases strongly compelling strong privacy, for the time being.  Those cases should be more than sufficient for a 1bn USD cap however, at which point wider adoption follows of course.  GUI will be necessary but not sufficient for reaching those use cases.  Mymonero.com suffices outside the realm of the justly paranoid, but inside is where our next big wins will be found.



Even if a Forbes guy recommends buying Monero it is bullish kal vachomer buys it.
Indeed the period of early adopters is probably until 100 usd/xmr and then we enter to the period of early majority, after that late majority and finally our grandpas.
However, we are pretty far from all of these events.

You were saying you know some use cases (perhaps have contacts also?) for Monero which will lead to 1 bn market cap. How far in the future this lays, let's say, from the day GUI is officially ready and rocks? Do you see it will take weeks, months, years or decades?
The community is also capable to bid Monero pretty high. Monero is so much mined that the current coins used as collateral for Mega leverage will literally make Monero fly high. Imagine, 12 million Moneros collateralized in Polo enabling the leverage of 30 million Moneros (2.5 times)?
1079  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 15, 2016, 04:19:12 PM
I agree Monero needs people who are spokesmen and are bringing Monero to the elite.

You don't really want to encourage people to start thinking of XMR as an elitist's coin do you ?

We do not have Forbes guys owning Monero do we?
1080  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: July 15, 2016, 02:44:38 PM
i've bought in and sold off to monero so many times that i'm loosing the track why monero is so popular in particular 'seasons' when it's pumped and dumped, it has no such real-life purpose as compared to bitcoin, it's so anti-user-friendly that in my pinion most users hold/trade their moneros off exchanges, for me monero is only good for trading...that's all.

I never recommend people to be all in or all out when it comes to investing (investing in this context means investing in a project that has good people and has some sort of opportunity to succeed).
If the userfriendliness is the only reason that prevents Monero to become popular I think Monero is a good investment then since that is a trivial to fix (= it will be user friendly sooner or later).
However, I see the weakness being that there is no pumping and hype going on with XMR. Only the hype and pumping will create the userbase. Hype creates a positive loop: it rises the price which encourages even more hype and finally the masses are following Monero like a members in some sort of cult.
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