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LucyLovesCrypto
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March 19, 2016, 03:19:56 PM |
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Just a friendly reminder that exchanges are meant for trading not for long term storage.
I am afraid some people are not cognizant of this and still use Bittrex as a wallet.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Nxtblg
Legendary
 Offline
Activity: 924
Merit: 1000
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March 19, 2016, 08:26:04 PM |
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Just a friendly reminder that exchanges are meant for trading not for long term storage.
I am afraid some people are not cognizant of this and still use Bittrex as a wallet.
Admittedly, I'm one of them - a break in habit for me. My rig doesn't (yet) have the memory to support both an AEON wallet and all my other thingies. (To be honest, I shouldn't make that many wisecracks about Windoze given how much I've abused its virtual memory.) |
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jwinterm
Legendary
Offline
Activity: 3010
Merit: 1103
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March 20, 2016, 07:09:38 PM |
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Just a friendly reminder that exchanges are meant for trading not for long term storage.
I am afraid some people are not cognizant of this and still use Bittrex as a wallet.
Admittedly, I'm one of them - a break in habit for me. My rig doesn't (yet) have the memory to support both an AEON wallet and all my other thingies. (To be honest, I shouldn't make that many wisecracks about Windoze given how much I've abused its virtual memory.)You don't actually need to run the daemon and sync to create a wallet, btw. Yea, it's nice to check and make sure your coins are received, but you can just create a wallet, get the address, and send the coins there from an exchange without actually ever running the daemon. |
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XMRpromotions
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March 20, 2016, 09:04:29 PM |
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Just a friendly reminder that exchanges are meant for trading not for long term storage.
I am afraid some people are not cognizant of this and still use Bittrex as a wallet.
Admittedly, I'm one of them - a break in habit for me. My rig doesn't (yet) have the memory to support both an AEON wallet and all my other thingies. (To be honest, I shouldn't make that many wisecracks about Windoze given how much I've abused its virtual memory.)You don't actually need to run the daemon and sync to create a wallet, btw. Yea, it's nice to check and make sure your coins are received, but you can just create a wallet, get the address, and send the coins there from an exchange without actually ever running the daemon. I think wanting to verify receipt (for cold wallets) is a common wish. Maybe a bounty can be started to copy/recreate this Monero tool for Aeon: http://xmr.llcoins.net/checktx.html |
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MrGood
Full Member
Offline
Activity: 125
Merit: 100
Chief Technology Officer, NYC
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March 23, 2016, 05:20:44 PM |
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When does everyone think we'll hit 0.0002?
I'm thinking fairly soon.
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americanpegasus (OP)
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March 23, 2016, 09:03:15 PM |
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When does everyone think we'll hit 0.0002?
I'm thinking fairly soon.
Lol, wut? That's 5x the current price.  Mark my words, 640kb of memory is enough for anybody and Aeon will never be worth more than 10 USD cents each. |
Account is back under control of the real AmericanPegasus.
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Monerobuyer0
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March 23, 2016, 09:06:04 PM |
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Lol, wut? That's 5x the current price. Mark my words, 640kb of memory is enough for anybody and Aeon will never be worth more than 10 USD cents each. I see a worldwide market for about 5 computers. |
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MrGood
Full Member
Offline
Activity: 125
Merit: 100
Chief Technology Officer, NYC
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March 23, 2016, 10:40:29 PM |
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When does everyone think we'll hit 0.0002?
I'm thinking fairly soon.
Lol, wut? That's 5x the current price. Mark my words, 640kb of memory is enough for anybody and Aeon will never be worth more than 10 USD cents each. What the hell are you talking about? 10 cents is 10 times the current price now... and that's only 0.0004. If you think that's high... well frankly I'm disappointed Aeon's most vocal investor has such low expections. If Aeon was just 10% of Monero's marketcap which is pretty low anyway, then assuming Monero were to hit a new all time high... well that's 0.001 right there for Aeon. And that's pretty darn low. |
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jwinterm
Legendary
Offline
Activity: 3010
Merit: 1103
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March 23, 2016, 10:58:39 PM |
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When does everyone think we'll hit 0.0002?
I'm thinking fairly soon.
Lol, wut? That's 5x the current price. Mark my words, 640kb of memory is enough for anybody and Aeon will never be worth more than 10 USD cents each. What the hell are you talking about? 10 cents is 10 times the current price now... and that's only 0.0004. If you think that's high... well frankly I'm disappointed Aeon's most vocal investor has such low expections. If Aeon was just 10% of Monero's marketcap which is pretty low anyway, then assuming Monero were to hit a new all time high... well that's 0.001 right there for Aeon. And that's pretty darn low. All things being equal, which they're not, aeon's hashrate is about 1/100 of monero's: typically 300 kh/s divided by two because of algo versus 15 MH/s , give or take. So, with a network security that is 1% of Monero, why expect a price/marketcap far off from that? |
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MrGood
Full Member
Offline
Activity: 125
Merit: 100
Chief Technology Officer, NYC
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March 23, 2016, 11:08:03 PM |
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When does everyone think we'll hit 0.0002?
I'm thinking fairly soon.
Lol, wut? That's 5x the current price. Mark my words, 640kb of memory is enough for anybody and Aeon will never be worth more than 10 USD cents each. What the hell are you talking about? 10 cents is 10 times the current price now... and that's only 0.0004. If you think that's high... well frankly I'm disappointed Aeon's most vocal investor has such low expections. If Aeon was just 10% of Monero's marketcap which is pretty low anyway, then assuming Monero were to hit a new all time high... well that's 0.001 right there for Aeon. And that's pretty darn low. All things being equal, which they're not, aeon's hashrate is about 1/100 of monero's: typically 300 kh/s divided by two because of algo versus 15 MH/s , give or take. So, with a network security that is 1% of Monero, why expect a price/marketcap far off from that? Damn... that's a good point actually. Better to just invest in Monero, and mine Aeon for weekly gains. |
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smooth
Legendary
Offline
Activity: 2968
Merit: 1198
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March 24, 2016, 12:38:52 AM |
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When does everyone think we'll hit 0.0002?
I'm thinking fairly soon.
Lol, wut? That's 5x the current price. Mark my words, 640kb of memory is enough for anybody and Aeon will never be worth more than 10 USD cents each. What the hell are you talking about? 10 cents is 10 times the current price now... and that's only 0.0004. If you think that's high... well frankly I'm disappointed Aeon's most vocal investor has such low expections. If Aeon was just 10% of Monero's marketcap which is pretty low anyway, then assuming Monero were to hit a new all time high... well that's 0.001 right there for Aeon. And that's pretty darn low. All things being equal, which they're not, aeon's hashrate is about 1/100 of monero's: typically 300 kh/s divided by two because of algo versus 15 MH/s , give or take. So, with a network security that is 1% of Monero, why expect a price/marketcap far off from that? Both can price and hash rate can fluctuate both up and down. I don't see a good reason to assume either will remain the same. |
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americanpegasus (OP)
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March 24, 2016, 12:41:54 AM |
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When does everyone think we'll hit 0.0002?
I'm thinking fairly soon.
Lol, wut? That's 5x the current price. Mark my words, 640kb of memory is enough for anybody and Aeon will never be worth more than 10 USD cents each. What the hell are you talking about? 10 cents is 10 times the current price now... and that's only 0.0004. If you think that's high... well frankly I'm disappointed Aeon's most vocal investor has such low expections. If Aeon was just 10% of Monero's marketcap which is pretty low anyway, then assuming Monero were to hit a new all time high... well that's 0.001 right there for Aeon. And that's pretty darn low. What do you think the price of Aeon will be on April 1st for the next four years? 2017, 2018, 2019, 2020? |
Account is back under control of the real AmericanPegasus.
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jwinterm
Legendary
Offline
Activity: 3010
Merit: 1103
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March 24, 2016, 01:20:22 AM |
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...
All things being equal, which they're not, aeon's hashrate is about 1/100 of monero's: typically 300 kh/s divided by two because of algo versus 15 MH/s , give or take. So, with a network security that is 1% of Monero, why expect a price/marketcap far off from that?
Both can price and hash rate can fluctuate both up and down. I don't see a good reason to assume either will remain the same. I'm not saying they both won't change, or even that one is a leading indicator of the other, just that with the current state of affairs the price ratio seems reasonable. Just from casual observation the hashrate of both has been pretty consistent for at least the last few months, and though the price has jumped by 2-3x on both, there hasn't been order of magnitude changes in either for quite some time. |
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?chooseusername
Member
Offline
Activity: 109
Merit: 10
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March 24, 2016, 11:21:09 AM |
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is there any estimated time for the next AEON release? and would be nice to know what would that be  cheers |
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MrGood
Full Member
Offline
Activity: 125
Merit: 100
Chief Technology Officer, NYC
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March 24, 2016, 11:39:48 AM |
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Would like to sell 230000 AEON. Preferably OTC as I don't really want to crash the price down to 0.000009.
Flexible on price but must be bought as one bulk purchase.
Message me all offers. I'll be around for a bit today.
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cryptodromeda
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March 24, 2016, 11:43:59 AM |
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Would like to sell 230000 AEON. Preferably OTC as I don't really want to crash the price down to 0.000009.
Flexible on price but must be bought as one bulk purchase.
Message me all offers. I'll be around for a bit today.
PM sent. |
It's a kind of blindness that reason alone cannot cure.
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americanpegasus (OP)
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March 26, 2016, 07:25:42 AM |
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cryptodromeda, do you use Reddit? You have contributed a lot to the project and should probably help guide the Reddit community too.
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Account is back under control of the real AmericanPegasus.
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TechorMarketing
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March 27, 2016, 12:50:14 AM |
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I would suggest taking a stop back and looking at the volume levels in the weekly chart. https://bitcoinwisdom.com/markets/poloniex/xmrbtc both in terms of XMR and the XBT. The volume numbers since February 2016 are consistently way higher by approximately a factor of 4 than the historical levels going back to 2014. This is indicative of a fundamental change in over the last two months. To be honest, and you know I am the biggest Monero maximalist out there, it looks like our vertical ascent may have over-extended itself a tad. I think it's not unthinkable we may face a consolidation/correction period where we bounce off some support. When people in the Polo troll box start saying things like 'the Monero scam pump is over! ha ha' then you know we are ready to resume launch. Bit early to say that IMO. We are at a very important level technically. Sure the ascent has been steep but there is no indication thus far that this run is over, though I would like to pick up a few k at a lower price than this. What are you doing with your 440,000 aeon stash? Why are you not market making or pushing the market around in that smaller paddling pool? Cross posting from XMR thread because I have seen this asked numerous times. If you do nothing and leave 400k Aeon on Bittrex you continue to subject yourself to the risk that your account or the exchange is hacked or otherwise collapses. Despite your prior comments that you plan to hold for the long term, some observers may worry about whale dumps when they look at the current Bittrex distribution chart. Aeon is my second favorite CryptoNote coin and you are viewed as one of its leaders. It baffles me why you would not use proper cold storage for a stake so large of something you intend to hold long term. If you need technical assistance there are many people who can help. Most of the Monero cold storage guides can easily be adapted for Aeon. |
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TechorMarketing
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March 27, 2016, 01:01:01 AM |
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Would like to sell 230000 AEON. Preferably OTC as I don't really want to crash the price down to 0.000009.
Flexible on price but must be bought as one bulk purchase.
Message me all offers. I'll be around for a bit today.
Take this advice with a grain of salt as I am also posting from a relatively new account. You may have better luck working out OTC deals if you find a trustworthy person to escrow for you (in the case of Aeon, Smooth may be a popular choice). You could also arrange to put the entire amount on an exchange (after you find a buyer who wants the entire amount) at an agreed upon time thereby allowing Bittrex to escrow the transaction 230,000 AEON is a large OTC trade so trust is critical. |
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