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Author Topic: Monero Economy  (Read 43078 times)
pandher
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May 06, 2014, 03:20:16 PM
Last edit: June 17, 2014, 03:14:53 PM by pandher
 #1


››› Economy ‹‹‹
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dnaleor
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May 06, 2014, 03:39:15 PM
 #2

2 da m00n !!!
(somebody had to post it Tongue )

On a serious note: I don't think it is overvalued at the moment.
When the GUI + pool is ready, and we are on a real exchange, I guess MRO can become a top10 coin in market cap very soon.
A valuation of 10 million USD is not impossible in the short term. Asuming 1 million coins in the near future => 10 USD/MRO = 23 mBTC.

Current exchange rate is 1.75 mBTC

so let's be conservative. A tenfold increase seems to be realistic...

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May 06, 2014, 04:31:40 PM
Last edit: May 06, 2014, 07:24:20 PM by superresistant
 #3

My correction of Anotheranonlol claim from the other thread :

and now the final market cap is 45,000 btc or ~ $19million based on orders here right now Huh
blablabla

No.

18400000 MRO x 0.00175 BTC = 32200 BTC ~ 13.9 Millions.

Above Darkcoin, its competitor. Above Blackcoin (that is overpriced). Under Namecoin & Mastercoin.

The price of Monero perfectly matches its market.
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May 06, 2014, 04:58:23 PM
 #4


My correction of Anotheranonlol claim from the other thread :

and now the final market cap is 45,000 btc or ~ $19million based on orders here right now Huh
blablabla

No.

18400000 MRO x 0.00175 BTC = 32200 BTC ~ 13.9 Millions.

Above Darkcoin, its competitor. Above Blackcoin (that is overpriced). Under Namecoin & Mastercoin.

The price of Monero perfectly match its market.



Current and only interesting marketcap is:
bc_height 27654

27654 * 17.7 (approx) = 489 475 MRO

489 475 * 0.00175 BTC = ~ 856 BTC
856 * 430 USD = 368 080 USD



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May 06, 2014, 05:02:31 PM
 #5


My correction of Anotheranonlol claim from the other thread :

and now the final market cap is 45,000 btc or ~ $19million based on orders here right now Huh
blablabla

No.

18400000 MRO x 0.00175 BTC = 32200 BTC ~ 13.9 Millions.

Above Darkcoin, its competitor. Above Blackcoin (that is overpriced). Under Namecoin & Mastercoin.

The price of Monero perfectly match its market.



Current and only interesting marketcap is:
bc_height 27654

27654 * 17.7 (approx) = 489 475 MRO

489 475 * 0.00175 BTC = ~ 856 BTC
856 * 430 USD = 368 080 USD




This. And actually 0.00175 is max price. So it is actually less. I cant understand why we need to consider max coins 8 years before we reach max coins.

 
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May 06, 2014, 05:10:07 PM
 #6

This. And actually 0.00175 is max price. So it is actually less. I cant understand why we need to consider max coins 8 years before we reach max coins.

We don't, all other market capitalization numbers are based on available supply. So yeah, we're at about $300k now.
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May 06, 2014, 06:46:21 PM
 #7

Cross-posted from the OTC thread, because I discovered this thread later and also because it should be interesting for readers of both threads.


Price of monero still climbing on the three indexes (max price, average price, median price). This means (IMHO) that the climbing shall continue.

Code:
Max price=0.00175000 (175,000 satoshi)
Average price=0.00054641 (54,641 satoshi)
Median price=0.00038750 (38,750 satoshi)
("max" is the least representative, "median" is the most, "average" is in-between)

Source: Monero trading (you can leave comment on this document, for typoes, oversights or feature requests, I will read them)

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May 06, 2014, 06:50:50 PM
 #8

We don't, all other market capitalization numbers are based on available supply. So yeah, we're at about $300k now.
Which mean we are entering the top 50 after only two weeks with no premine, no instamine, no exchange, no pool and not even a GUI wallet.

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May 06, 2014, 06:51:15 PM
 #9

This. And actually 0.00175 is max price. So it is actually less. I cant understand why we need to consider max coins 8 years before we reach max coins.

We don't, all other market capitalization numbers are based on available supply. So yeah, we're at about $300k now.


as an example; let's imagine a coin that will be fully mined in 2016. only 10% of supply on market today, if current market cap based on last 24hr trade and total current supply is 300k and you are buying TODAY with intention of holding long-term. $100k worth (ie, not a short term speculative flip) you need to believe that coin can achieve 3 million by 2016. if you held till 2016 and total valuation is 2.5 mill you've lost money on that trade, really as simple as that. Of course 95% people don't care about the coins value long into the future when total supply reached; hype and mania in such new markets promising to make early adopters rich will take over all common sense, guaranteeing an exit along the way. also it will be dead before 8 years. in cryptocurrency space 8 years is long time. But for serious investment it's not so long at all.

We don't, all other market capitalization numbers are based on available supply. So yeah, we're at about $300k now.
Which mean we are enter the top 50 after only two weeks with no premine, no instamine, no exchange, no pool and not even a GUI wallet.

no exchange no pool, no wallet can contribute to price increase. Low liquidity /High barrier to entry means It's a sellers market, and a lot easier to manipulate price on such shallow market. Buyers get word of 'the next bitcoin'  want their slice of the pie & largely have to put up or shut up with the asks or risk nothing getting filled, it can be like bidding sniping war. Real price discovery comes on functioning pool, noob friendly wallet and exchange rather than antiquited forum thread
 

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May 06, 2014, 07:30:53 PM
 #10

This. And actually 0.00175 is max price. So it is actually less. I cant understand why we need to consider max coins 8 years before we reach max coins.
We don't, all other market capitalization numbers are based on available supply. So yeah, we're at about $300k now.
as an example; let's imagine a coin that will be fully mined in 2016. only 10% of supply on market today, if current market cap based on last 24hr trade and total current supply is 300k and you are buying TODAY with intention of holding long-term. $100k worth (ie, not a short term speculative flip) you need to believe that coin can achieve 3 million by 2016. if you held till 2016 and total valuation is 2.5 mill you've lost money on that trade, really as simple as that. Of course 95% people don't care about the coins value long into the future when total supply reached; hype and mania in such new markets promising to make early adopters rich will take over all common sense, guaranteeing an exit along the way. also it will be dead before 8 years. in cryptocurrency space 8 years is long time. But for serious investment it's not so long at all.

Except that you forgot the most important : the value of FIAT money in the future will be lower than now.


We don't, all other market capitalization numbers are based on available supply. So yeah, we're at about $300k now.
Which mean we are enter the top 50 after only two weeks with no premine, no instamine, no exchange, no pool and not even a GUI wallet.
no exchange no pool, no wallet can contribute to price increase. Low liquidity /High barrier to entry means It's a sellers market, and a lot easier to manipulate price on such shallow market. Buyers get word of 'the next bitcoin'  want their slice of the pie & largely have to put up or shut up with the asks or risk nothing getting filled, it can be like bidding sniping war. Real price discovery comes on functioning pool, noob friendly wallet and exchange rather than antiquited forum thread


Monero doesn't pretend to be the next Bitcoin but it is actually one of the most interesting existing cryptocurrency. You have the right to not like it but everyone should admit that its potential is huge. Just compare it to 99% of the altcoins that are just scrypt-clones made in 5 minutes with stupid names and kids hyping them.
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May 06, 2014, 07:36:50 PM
Last edit: May 06, 2014, 11:10:59 PM by David Latapie
 #11

Monero doesn't pretend to be the next Bitcoin but it is actually one of the most interesting existing cryptocurrency.
I believe Monero competes with untraceable coins. Tracability matter in a lot of transaction (especially when public funds are at stake). DRK should be worried, not BTC.

Of course, there will alway be groupies claiming it's the next bitcoin. I don't know if, as official representative, we should say something in one way or another.

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May 06, 2014, 07:46:23 PM
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18400000 MRO x 0.00175 BTC = 32200 BTC ~ 13.9 Millions.

Above Darkcoin, its competitor.


you see what you do there don't you? you are comparing 4,2 million dark coins to 18 million mro - afaik the total supply of darkcoin after the end of mining will be 21 (or 18) million dark. in this case you could simply take the price of both and compare them 0.00175 to 0.00375. dark market cap is in this case at least 2,25 higer than the one of monero.


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May 06, 2014, 08:06:46 PM
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you see what you do there don't you? you are comparing 4,2 million dark coins to 18 million mro - afaik the total supply of darkcoin after the end of mining will be 21 (or 18) million dark. in this case you could simply take the price of both and compare them 0.00175 to 0.00375. dark market cap is in this case at least 2,25 higer than the one of monero.

I didn't know Darkcoin was PoW, is it ?

In this case I agree that MRO is underpriced.
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May 06, 2014, 08:33:08 PM
 #14

you see what you do there don't you? you are comparing 4,2 million dark coins to 18 million mro - afaik the total supply of darkcoin after the end of mining will be 21 (or 18) million dark. in this case you could simply take the price of both and compare them 0.00175 to 0.00375. dark market cap is in this case at least 2,25 higer than the one of monero.

I didn't know Darkcoin was PoW, is it ?

In this case I agree that MRO is underpriced.


Ofc. It is the first X11 coin.
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May 06, 2014, 08:41:38 PM
 #15

In this case I agree that MRO is underpriced.

You must be kidding Grin I like concept of Monero (Cryptonote) but it has no GUI, no community, no API, etc. MRO is highly overvalued for its time.

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May 06, 2014, 08:46:11 PM
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Ofc. It is the first X11 coin.

I confuse with Blackcoin, that's why.
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May 06, 2014, 08:47:13 PM
 #17

In this case I agree that MRO is underpriced.

You must be kidding Grin I like concept of Monero (Cryptonote) but it has no GUI, no community, no API, etc. MRO is highly overvalued for its time.

Jesus with the GUI. Its like 3 copy paste!
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May 06, 2014, 08:48:20 PM
Last edit: August 10, 2014, 01:42:44 PM by pandher
 #18

In this case I agree that MRO is underpriced.

You must be kidding Grin I like concept of Monero (Cryptonote) but it has no GUI, no community, no API, etc. MRO is highly overvalued for its time.

These are the early days and anybody investing knows that Monero is the only real alternative to Bitcoin. Heck its not even an alternative, its is better than Bitcoin with privacy, aka Darkbtc
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May 06, 2014, 08:51:19 PM
 #19

In this case I agree that MRO is underpriced.
You must be kidding Grin

No.


it has no GUI, no community, no API, etc. MRO is highly overvalued for its time.

If you could back at the beginning of Bitcoin knowing what it will become, would you complain about GUI ?

MRO will necessarily have a GUI later but it will be too late for you to buy.
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May 06, 2014, 09:07:03 PM
 #20

In this case I agree that MRO is underpriced.

You must be kidding Grin I like concept of Monero (Cryptonote) but it has no GUI, no community, no API, etc. MRO is highly overvalued for its time.

You have really no idea, the daemon, the wallet and everything has a wonderful RPC JSON API and a high level api....

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