rpietila Wall Observer - the Quality TA Thread ;)

[TrueCryptonaire]

I think few thousand is better. Then sit tight for a few years and pray.

If everyone does that it would be at zero.... Trading, buying, selling, spending is necessary for success, if everyone just bought a few thousand back and did nothing except sit on them they would at some point become worthless....

Monero will not become worthless if everybody holds.
Actually quite the opposite.
Think about a scenario that someone buys 10 000 000 Moneros and simply sits on them and does nothing? What would happen to the price if there are only 500 000 Moneros available for everyday use and circulation while the majority of the coins just stand still in the vaults of hodlers.

[nioc]

I think few thousand is better. Then sit tight for a few years and pray.

If everyone does that it would be at zero.... Trading, buying, selling, spending is necessary for success, if everyone just bought a few thousand back and did nothing except sit on them they would at some point become worthless....

Where can I spend Monero here in the Uk then?

You can spend Monero anywhere that accepts btc by using xmr.to

[DieJohnny]

I think few thousand is better. Then sit tight for a few years and pray.

If everyone does that it would be at zero.... Trading, buying, selling, spending is necessary for success, if everyone just bought a few thousand back and did nothing except sit on them they would at some point become worthless....

Monero will not become worthless if everybody holds.
Actually quite the opposite.
Think about a scenario that someone buys 10 000 000 Moneros and simply sits on them and does nothing? What would happen to the price if there are only 500 000 Moneros available for everyday use and circulation while the majority of the coins just stand still in the vaults of hodlers.

well obviously if someone buys all the monero it will be harder for me to buy one, but the problem is that Monero has to sound better to me the investor of crypto currency than litecoin, ripple, dogecoin, dash, et cetera. Since i don't believe any coin has a true technological advantage, I would only pick Monero because I either know some information about your whale scenario coming, or I would wait for some confirmation that Monero has momentum where EVERY other Alt has failed to gain any. Monero may live forever, but so might Franko.....

[Cconvert2G36]

I think few thousand is better. Then sit tight for a few years and pray.

If everyone does that it would be at zero.... Trading, buying, selling, spending is necessary for success, if everyone just bought a few thousand back and did nothing except sit on them they would at some point become worthless....

Monero will not become worthless if everybody holds.
Actually quite the opposite.
Think about a scenario that someone buys 10 000 000 Moneros and simply sits on them and does nothing? What would happen to the price if there are only 500 000 Moneros available for everyday use and circulation while the majority of the coins just stand still in the vaults of hodlers.

well obviously if someone buys all the monero it will be harder for me to buy one, but the problem is that Monero has to sound better to me the investor of crypto currency than litecoin, ripple, dogecoin, dash, et cetera. Since i don't believe any coin has a true technological advantage, I would only pick Monero because I either know some information about your whale scenario coming, or I would wait for some confirmation that Monero has momentum where EVERY other Alt has failed to gain any. Monero may live forever, but so might Franko.....

Monero: limited issuance + immune from sensorships = sure to subsume all financial value worldwide 

[rjclarke2000]

I agree it's hard to know what alt coin will become adopted by the masses. I've been involved with Bitcoin since mid/ end of 2013 and I am confused there are so many out there saying they are the next big thing.

If I am confused what hope has the average man on the street got. Maybe it will only be Bitcoin as that's all the media and (some) people know about.

Another alt coin would need something massive or a huge ad campaign to get it out there.


How can Monero for example get recognition?

It's all very well us bitcointalk members loving it but that isn't going to do much for the future.

What thoughts do you all have about this?

[Bagatell]

rjclarke2000 Alts are the new dotcoms. A few of them will do very nicely. BTC, XMR, FCT,

[conspirosphere.tk]

rjclarke2000 Alts are the new dotcoms. A few of them will do very nicely. BTC, XMR, FCT,

And LTC because it is immune to all that spam Tx and block bloating nonsense.

[molecular]

rjclarke2000 Alts are the new dotcoms. A few of them will do very nicely. BTC, XMR, FCT,

BTC is an alt now?

[molecular]

rjclarke2000 Alts are the new dotcoms. A few of them will do very nicely. BTC, XMR, FCT,

And LTC because it is immune to all that spam Tx and block bloating nonsense.

why is LTC immune to that?

[Bagatell]

rjclarke2000 Alts cryptos are the new dotcoms. A few of them will do very nicely. BTC, XMR, FCT,

BTC is an alt now?

[rjclarke2000]

I am probably too heavily invested in Bitcoin. Not because it's more than I can afford but I am all about btc and I need to open my eyes to other potential alts. Monero makes the most sense to me.

IF.... Monero takes off it has the chance to make quite a few early adopters incredibly wealthy from what I see.

(Still new to Monero but doing my homework and looking to join you all very soon)

[rpietila]

(Still new to Monero but doing my homework and looking to join you all very soon)

Don't forget to join Crypto Kingdom. It has the very interesting ingame asset Town Consol (CON) perpetual bond. It pays 0.1 XMR every week forever, and has a liquid secondary market. It is currently priced 16.52/15.87 for the annual return of 38%.

[rjclarke2000]

(Still new to Monero but doing my homework and looking to join you all very soon)

Don't forget to join Crypto Kingdom. It has the very interesting ingame asset Town Consol (CON) perpetual bond. It pays 0.1 XMR every week forever, and has a liquid secondary market. It is currently priced 16.52/15.87 for the annual return of 38%.

I did see this but with my own business and a baby to look after at home I am not sure if I'd have the time! I will look into it but there are not enough hours in the day as it is.

If all plays out how you hope Risto where do you personally see XMR in the future. What price? What level of adoption? I am only after an opinion.

Thank you.

[Bagatell]

I am not sure if I'd have the time! I will look into it but there are not enough hours in the day as it is.

My thoughts exactly.

[rpietila]

I am not sure if I'd have the time! I will look into it but there are not enough hours in the day as it is.

My thoughts exactly.

We will soon open the option of "FOC" Foreign Owned Corporation account. It is different from the Player Character account in the following ways (PC account in parentheses):

- Opening fee of 50 XMR (free)
- Never expires (character dies after 1-5 weeks of neglect, account swept 30 days after death)
- No weekly management (must do Health)
- No running costs (character has upkeep)

[sidhujag]

Holding a coin doesnt raise its value.. Thats why 42coin is worthless.. Velocity does though in accordance with supply

[TrueCryptonaire]

Holding a coin doesnt raise its value.. Thats why 42coin is worthless.. Velocity does though in accordance with supply

You are wrong.
42 coin is a coin that do not have a community that wants to hold it. The number of coins is irrelevant, the only relevant thing is how many coins are hoarded and holded. Not the number of coins. Even doge will rise in value if it is considered something that everybody wants to hold it for some reason.

[Cconvert2G36]

Holding a coin doesnt raise its value.. Thats why 42coin is worthless.. Velocity does though in accordance with supply

You are wrong.
42 coin is a coin that do not have a community that wants to hold it. The number of coins is irrelevant, the only relevant thing is how many coins are hoarded and holded. Not the number of coins. Even doge will rise in value if it is considered something that everybody wants to hold it for some reason.

Cat puke would rise in value if it is considered something that everybody wants to hold it for some reason.

[TrueCryptonaire]

Holding a coin doesnt raise its value.. Thats why 42coin is worthless.. Velocity does though in accordance with supply

You are wrong.
42 coin is a coin that do not have a community that wants to hold it. The number of coins is irrelevant, the only relevant thing is how many coins are hoarded and holded. Not the number of coins. Even doge will rise in value if it is considered something that everybody wants to hold it for some reason.

Cat puke would rise in value if it is considered something that everybody wants to hold it for some reason.

Believe it or not, that is exactly what happened to crypto.
Bitcoin doesn't make the payment system better in any way, actually quite the contrary (bitcoin is quite clumsy compared with paying with fiat).
Still, there are people who earns money in fiat, converts their fiat into bitcoin so that they can pay their cup of coffee in bitcoin (and even pay fees in doing so) while they could simply pay their cup of coffee with fiat without complex procedures.

[Hunyadi]

We will soon open the option of "FOC" Foreign Owned Corporation account.

Why do you have need for that? Who pays that 0.1 XMR/week?