60k Moneroj. Will i be a millionaire by 2017?

[generalizethis]

The interesting thing is that if monero goes up and oy uput in that much, we will call you genius.  Otherwise we will call you a fool.

The distance between insanity and genius is measured only by success.

And considering this https://bitcointalk.org/index.php?topic=753252.msg11919024#msg11919024 the timing would be pretty uncanny.

[1715187544]

1715187544

[1715187544]

1715187544

[1715187544]

1715187544

[aleix]

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.

[TrueCryptonaire]

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.

[aleix]

Please stay on topic; Where is your stuff? Development, testing, marketing, something?

You are telling me you have only your "we are superior" thread:

https://bitcointalk.org/index.php?topic=583449.0

And the speculation thread here:

https://bitcointalk.org/index.php?topic=753252.0

That's it? All the rest is fudding and spam?

My God.

           

[generalizethis]

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.

https://github.com/monero-project/bitmonero/commits/master

[rangedriver]

Please stay on topic; Where is your stuff? Development, testing, marketing, something?

You are telling me you have only your "we are superior" thread:

https://bitcointalk.org/index.php?topic=583449.0

And the speculation thread here:

https://bitcointalk.org/index.php?topic=753252.0

That's it? All the rest is fudding and spam?

My God.

           

Please tell me you realise that the Monero spam was a spam attack on Monero, and not originating from Monero. You do understand that right?

[Melbustus]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

Well, I don't think the obvious get-rich-quick mentality you're showing is at all helpful, but yes, it's *possible*. It's also possible that you'll lose all, or nearly all, of your money.

But let's do some back-of-the-napkin math.

In my opinion, a longrun rational stable equilibrium in the crypto-economy would have Monero as the #2 coin (since a protocol-level privacy-focused coin is one of the very few niches bitcoin will likely never address, and Monero is the best privacy coin). And let's say that the #2 coin will have at least an order of magnitude less total purchasing power than bitcoin.

We'll therefore define the 2yr success-case for Monero as being that it takes the #2 slot, and that the #2 slot is 1/20th Bitcoin's value. We'll further say that Bitcoin has the same market-cap as today (~$4B.....I think it's likely to be more in reality, but let's be a little "safe" with this analysis).

That gives Monero a 2yr success-case market-cap of $200M. There will be about 14,250,000 XMR outstanding at the time, yielding a $ price per XMR of around $14.

1 XMR = $0.53 today. So the success case is about a 2600% return.

Thus, if you think there's greater than a 1/26 = 3.8% chance of Monero becoming the #2 coin (and ignoring opportunity cost, personal risk profile, interest rates, etc), then it's rational to consider XMR undervalued today.


Obviously you should do your own analysis and figure out what values make sense to you. The above is just a rough framework that makes sense to me.


[Sidenote: this is reminding me of the initial calcs I did with bitcoin years ago. FWIW, in 2011 my lowest "success-case" estimate for bitcoin was $1500. Getting there... ]

[aleix]

Please don't insult my intelligence. I'm here since January 2014.  

People from Monero have been attacking Dash and spamming their coin since the beginning. Your toxic community is a disgrace for the alt and bitcoin world.

Tonight I am happy because I have proof that your coin is just a hype void  

[kekek]

Please stay on topic; Where is your stuff? Development, testing, marketing, something?

You are telling me you have only your "we are superior" thread:

https://bitcointalk.org/index.php?topic=583449.0

And the speculation thread here:

https://bitcointalk.org/index.php?topic=753252.0

That's it? All the rest is fudding and spam?

My God.

           

Please tell me you realise that the Monero spam was a spam attack on Monero, and not originating from Monero. You do understand that right?

Even though the people who start the threads are trolls, many of the other posters who back up the op aren't and will go on to keep the thread bumped and will parrot the op.

Of course you could claim that trolls are purposefully attacking XMR, but that same logic path has been used 1000s of times, hell it was even used with the major paycoin/XPY scam.

[ifightformerkel]

when this happening i would be for 100% in.

But my question is, WHY this should happening?

Is there something special coming? Or are this only bagholder dreamings?

[rangedriver]

Please don't insult my intelligence. I'm here since January 2014.  

People from Monero have been attacking Dash and spamming their coin since the beginning. Your toxic community is a disgrace for the alt and bitcoin world.

Tonight I am happy because I have proof that your coin is just a hype void  

Ah fuck, a Dash owner. Should have known.

It's weird. I remember when Darkcoin was labelling Litecoin 'the most toxic community in the cryptospace'. And I remember thinking, why? What has Litecoin ever done to deserve that title? Charlie Lee is a good guy, LTC was fairly launched with no instamine, it changed the algorythm for the better, had a grassroots orientated ethic where everyone had to contribute to make it work, set against the backdrop of a genuinely hostile BTC crowd - what did Litecoin ever do to deserve that mantra from Darkcoin?

Why is it always seemingly the good projects, I wondered, that get attacked so.

And here we are again, Darkcoin aka Dash once again labelling the taxon 'toxic community' to another fairly launched project, also with a credible collective of good-intentioned developers, honest tech that works and is endorsed and contributed to by some of the most respectable people in the industry.

What is it I wonder about Dash that makes it so antagonistic of fairly launched grassroots projects?

Is it perhaps a kind of psychological denial that's projected outward in view of the hideous 50% instamine that props the entire enterprise up? Perhaps it's the embarrassing cult-like dictat that surrounds thy great leader, Evan Duffield, who is able to afford 'great achievements' for his pot-smoking subordinates.

Dash is quite possibly one of the worst projects I've ever encountered, and I'm not joking when I say that I've yet to meet a Dash owner who is not a brain-dead twat.

If that's toxic, then I apologise on your behalf. Because if calling out a project for being absolute bullshit (and yes, that does indeed include snake-oil) makes me a cunt, then let it be so.

Because I would much much rather be labelled toxic for speaking the truth, than suffer the taxon of being a part of the most ignorant, passive, suck-cocky, college-doofused plastic-politicked twatstain of a retard community that is Dash, that seemingly doesn't have the brains to understand cryptography, nor the balls to stand-up for what is right.

[aleix]

Ah fuck, a Dash owner. Should have known.

It's weird. I remember when Darkcoin was labelling Litecoin 'the most toxic community in the cryptospace'. And I remember thinking, why? What has Litecoin ever done to deserve that title? Charlie Lee is a good guy, LTC was fairly launched with no instamine, it changed the algorythm for the better, had a grassroots orientated ethic where everyone had to contribute to make it work, set against the backdrop of a genuinely hostile BTC crowd - what did Litecoin ever do to deserve that mantra from Darkcoin?

This is just not true, I am here from the beginning of Darkoin and Monero (citation needed)

Dash is quite possibly one of the worst projects I've ever encountered, and I'm not joking when I say that I've yet to meet a Dash owner who is not a brain-dead twat.

That's exactly my point. You and your Monero people (icebreaker, adams, generalize, etc.) Are always insulting other people, I am being insulted all day by people of your toxic community in the Dash thread. Maybe that's the reason you have an empty forum, with no real community behind.

Can I ask you a question? How old are you, kid?

[illodin]

It's weird. I remember when Darkcoin was labelling Litecoin 'the most toxic community in the cryptospace'. And I remember thinking, why? What has Litecoin ever done to deserve that title? Charlie Lee is a good guy, LTC was fairly launched with no instamine, it changed the algorythm for the better, had a grassroots orientated ethic where everyone had to contribute to make it work, set against the backdrop of a genuinely hostile BTC crowd - what did Litecoin ever do to deserve that mantra from Darkcoin?

I believe some of it can be attributed to simply just being jelly of the alt-coin market leader's market cap, volume, and adoption. Something you surely should be able to easily relate to.

[generalizethis]

Ah fuck, a Dash owner. Should have known.

It's weird. I remember when Darkcoin was labelling Litecoin 'the most toxic community in the cryptospace'. And I remember thinking, why? What has Litecoin ever done to deserve that title? Charlie Lee is a good guy, LTC was fairly launched with no instamine, it changed the algorythm for the better, had a grassroots orientated ethic where everyone had to contribute to make it work, set against the backdrop of a genuinely hostile BTC crowd - what did Litecoin ever do to deserve that mantra from Darkcoin?

This is just not true, I am here from the beginning of Darkoin and Monero (citation needed)

Dash is quite possibly one of the worst projects I've ever encountered, and I'm not joking when I say that I've yet to meet a Dash owner who is not a brain-dead twat.

That's exactly my point. You and your Monero people (icebreaker, adams, generalize, etc.) Are always insulting other people, I am being insulted all day by people of your toxic community in the Dash thread. Maybe that's the reason you have an empty forum, with no real community behind.

Can I ask you a question? How old are you, kid?

I'm mean to dashers because I keep winning the same arguments with them and a week later I have to repeat the process all over again--it's like groundhog day without the hot girl.

[futureofbitcoin]

this dash/monero bitch fighting is really toxic to an otherwise promising investment in a niche that could potentially make a lot of money, if the right people become interested.

There could even be room for more than 1 anon coin to "succeed".

No one cares about "fairness" and "instamine". If they wanted fairness, they'd go communist.

No one cares about "shills" if the idea behind it is solid.

Stop all the useless ad hominem attacks and try to promote anon-coins in general so that as a whole, this niche has a better chance of succeeding. It might do you guys good to put 1 or 2 eggs in another basket as well, just in case.

[RealBitcoin]

Remember: Don't invest more than you can afford to lose.

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

For btc it might be not, btc looks like a very safe asset. Of course you need to be cautious there too, but look its better than sovereign bonds, so i`d go with btc as a long term safe haven.

[iCEBREAKER]

Please don't insult my intelligence. I'm here since January 2014.  

People from Monero have been attacking Dash and spamming their coin since the beginning. Your toxic community is a disgrace for the alt and bitcoin world.

Tonight I am happy because I have proof that your coin is just a hype void  

Ah fuck, a Dash owner. Should have known.

It's weird. I remember when Darkcoin was labelling Litecoin 'the most toxic community in the cryptospace'. And I remember thinking, why? What has Litecoin ever done to deserve that title? Charlie Lee is a good guy, LTC was fairly launched with no instamine, it changed the algorythm for the better, had a grassroots orientated ethic where everyone had to contribute to make it work, set against the backdrop of a genuinely hostile BTC crowd - what did Litecoin ever do to deserve that mantra from Darkcoin?

Why is it always seemingly the good projects, I wondered, that get attacked so.

And here we are again, Darkcoin aka Dash once again labelling the taxon 'toxic community' to another fairly launched project, also with a credible collective of good-intentioned developers, honest tech that works and is endorsed and contributed to by some of the most respectable people in the industry.

What is it I wonder about Dash that makes it so antagonistic of fairly launched grassroots projects?

Is it perhaps a kind of psychological denial that's projected outward in view of the hideous 50% instamine that props the entire enterprise up? Perhaps it's the embarrassing cult-like dictat that surrounds thy great leader, Evan Duffield, who is able to afford 'great achievements' for his pot-smoking subordinates.

Dash is quite possibly one of the worst projects I've ever encountered, and I'm not joking when I say that I've yet to meet a Dash owner who is not a brain-dead twat.

If that's toxic, then I apologise on your behalf. Because if calling out a project for being absolute bullshit (and yes, that does indeed include snake-oil) makes me a cunt, then let it be so.

"Here since Jan 2014"

Aww, that's cute.  Did Santa (or Hanukkah Harry) bring you a laptop?

Good points about LTC and DashHoles' thin-skinned inability to respond graciously to the same scrutiny and scam accusations all new coins experience.

The instamine/snakeoil/cargo cult criticisms obviously struck a nerve, and the DashHoles definitely display signs of a guilty conscience.

The only DashHole with a brain I've met is Bigrcanada, an amiable rube with good taste in wine but terrible taste in crypto.   

[rdnkjdi]

If Monero meets parity with bitcoin then you only need 3,333 to become a millionare.

Buy 5,000 XMR's and use the rest as a downpayment on a rental.  Take it from someone who's been where you are & made the wrong decision. 

[Nxtblg]

I think the common advice can be tl;dr'd as such:

If You're Sure Monero's A Long-Term Big Winner:

1. Figure out how much money you can afford to see vanish: money that, if lost completely, will not affect your ordinary standard of living.
1a) "money you can afford to see vanish" means money you will never use for years. How much could you put in an impregnable safe with a five-year time-lock, such that your standard of living would be more-or-less the same for those five long years?
2. Once you've settled on your sum of "no-touch money", convert it to Bitcoin and buy Monero with it.
3. Withdraw the Monero into a cold-wallet solution of your choice: preferably, one that you can store in a Manila envelope. [Eg: paper wallet, wallet on a USB stick: you get the idea.]
4. Get the Manila envelope, write on it "DO NOT OPEN UNTIL AUGUST 1ST 2020." [Feel free to substitute a date of your choice for Aug 1st.]
5. Stick the cold-wallet in the envelope and seal it. Stuff the envelope in the hiding place of your choice: desk drawer, underneath your socks, whatever. Security's not a big worry because you're primarily hiding it from yourself. [#7 below explains why.]
6. Vow and resolve to follow the instructions you wrote on the envelope!!!
7. While you wait for the magic day to arrive, get involved in the development/innovation/ecosystem side of Monero community. Do not get involved in the speculation/trading side: those folks will just induce you to break your five-term vow. Why? because they'll prompt you to think common-sensically in a certain way: to break your five-year resolve to grab the "bird in the hand." If you're playing the long game, that kind of common sense is actually your foe. 


This way: if you're right about Monero, you'll have a very big payday in 2020. If you're not, your standard of living will be more-or-less unaffected. Right?

[Moneroman88]

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.

A true visionaire, this TrueCryptonaire. Albeit the last sentence sounds a bit harsh I couldn't have expressed it any better myself.