Bitcoin Forum
September 19, 2020, 12:41:09 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 [1957] 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 ... 2112 »
  Print  
Author Topic: [XMR] Monero Speculation  (Read 3252366 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 2 users deleted.)
smooth
Legendary
*
Offline Offline

Activity: 2534
Merit: 1167



View Profile
August 23, 2018, 10:40:54 AM
 #39121

guys, i need some advice. i went full in on xmr with fiat in the early days. Should i diversify my xmr in some bitcoin? it does not look a good time to do that cause the xmr/btc ratio keeps dropping... but it looks that btc is falling a bit less hard in fiat value then xmr. Its just hard to believe at this moment we will see a new ATH in monero again in USD...

Is this significant money to your life and/or quality of life?

If so I would suggest that you take some off the table and stash it in something a lot less volatile. Whatever you want to do there is up to you. Could be fiat, gold, quality (not speculative) land, really anything.

Yeah, you should have done this eight months ago, but since you did not, don't compound the mistake by refusing to do it now.

This does not mean dumping all your XMR, cryptos, etc. It means exactly what I said. Take some off the table and reduce risk so that you are still in decent shape in case crypto does not work out, or even eventually works out but remains in a painful bear market for far longer than anyone expects or is prepared for.

If this is is not significant money to your life then just carry on with the speculation as you see fit.

My 2c.



Nice advice, beeing careful and mature, still i would wait for the mid of september, historically this is a month with serious gains  Grin

Remember, remember the pump in September
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1600476069
Hero Member
*
Offline Offline

Posts: 1600476069

View Profile Personal Message (Offline)

Ignore
1600476069
Reply with quote  #2

1600476069
Report to moderator
1600476069
Hero Member
*
Offline Offline

Posts: 1600476069

View Profile Personal Message (Offline)

Ignore
1600476069
Reply with quote  #2

1600476069
Report to moderator
elrippos friend
Full Member
***
Offline Offline

Activity: 903
Merit: 150


only hodl what you understand and love!


View Profile
August 23, 2018, 10:48:39 AM
 #39122

guys, i need some advice. i went full in on xmr with fiat in the early days. Should i diversify my xmr in some bitcoin? it does not look a good time to do that cause the xmr/btc ratio keeps dropping... but it looks that btc is falling a bit less hard in fiat value then xmr. Its just hard to believe at this moment we will see a new ATH in monero again in USD...

Is this significant money to your life and/or quality of life?

If so I would suggest that you take some off the table and stash it in something a lot less volatile. Whatever you want to do there is up to you. Could be fiat, gold, quality (not speculative) land, really anything.

Yeah, you should have done this eight months ago, but since you did not, don't compound the mistake by refusing to do it now.

This does not mean dumping all your XMR, cryptos, etc. It means exactly what I said. Take some off the table and reduce risk so that you are still in decent shape in case crypto does not work out, or even eventually works out but remains in a painful bear market for far longer than anyone expects or is prepared for.

If this is is not significant money to your life then just carry on with the speculation as you see fit.

My 2c.



Nice advice, beeing careful and mature, still i would wait for the mid of september, historically this is a month with serious gains  Grin

Remember, remember the pump in September

Yeeeaaaahhhh, i think we will at least see the 0,05's in the remember season  Kiss Grin

aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1029


Sine secretum non libertas


View Profile
August 23, 2018, 12:27:09 PM
 #39123

1000 usd xmr looks so far away. Hopefully we get there eventually Smiley

Multiply hash rate times transaction volume and divide by emission. Extrapolate linearly.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
rinus
Sr. Member
****
Offline Offline

Activity: 356
Merit: 258


View Profile
August 23, 2018, 12:53:53 PM
 #39124

1000 usd xmr looks so far away. Hopefully we get there eventually Smiley

Multiply hash rate times transaction volume and divide by emission. Extrapolate linearly.

When fear is at max, the legend is back Cheesy. Welcome back aminorex
7jaka7
Sr. Member
****
Offline Offline

Activity: 628
Merit: 276

BTC, ETH, XMR, LTC


View Profile WWW
August 23, 2018, 01:34:53 PM
 #39125

WOW , 10K monero... isnt that a bit to optimistic? what would lead to such a massive price
I think that this is not to optimistic for following reasons:
- we saw that height like this are possible on BTC
- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)
- privacy focused
- good (IMO better then BTC's) community
- smaller supply (is there any estimations when XMR will over come BTC's supply?)
- IMO better HODLers then BTC's (we will see about this in next bull run)
- if you consider privacy I think XMR's utillity value is bigger then BTC's
- cool logo Tongue
Would love to be corrected on this reasons!
But of course no one can predict the future. Don't put to much in crypto as one bug/vulnerability can send price to 0.

SECURE YOUR CRYPTO ASSETS | GET SOME FREE SATOSHI'S | TRADE ON BINANCE 
Disclaimer: All links are affiliate/refferal! Thank you for using them! Smiley
JohnSmithGe
Newbie
*
Offline Offline

Activity: 50
Merit: 0


View Profile
August 23, 2018, 01:55:04 PM
 #39126

Monero more or less premine [Suspicious link removed]d luck guys
spirali
Member
**
Offline Offline

Activity: 65
Merit: 61


View Profile
August 23, 2018, 03:26:09 PM
 #39127

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:



Also, note the supply rate will be similar from 2019 to 2027. You can read this very interesting reddit post to get more info: https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/

1 BTC = 1 BTC
Samarkand
Sr. Member
****
Offline Offline

Activity: 630
Merit: 278


View Profile
August 23, 2018, 03:34:05 PM
 #39128

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:
...

I think you two guys are talking about two different things.

7jaka7 is talking about the size of the blockchain (= the amount of disk space that you need
if you want to download and verify the Bitcoin / Monero blockchain).
You are talking about the total supply of BTC / XMR.

Monero´s blockchain is indeed growing faster than the BTC blockchain
if we measure the growth of the blockchain size as a percentage.

BTC blockchain growth:
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/

Monero blockchain growth:
https://moneroblocks.info/stats
spirali
Member
**
Offline Offline

Activity: 65
Merit: 61


View Profile
August 23, 2018, 04:34:05 PM
Last edit: August 23, 2018, 04:44:24 PM by spirali
 #39129

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:
...

I think you two guys are talking about two different things.

7jaka7 is talking about the size of the blockchain (= the amount of disk space that you need
if you want to download and verify the Bitcoin / Monero blockchain).
You are talking about the total supply of BTC / XMR.

Monero´s blockchain is indeed growing faster than the BTC blockchain
if we measure the growth of the blockchain size as a percentage.

BTC blockchain growth:
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/

Monero blockchain growth:
https://moneroblocks.info/stats

It's what I understood initially but I couldn't see the correlation between the price and the blockchain size. Of course, keeping a smaller blockchain makes it easier to spread more nodes (=> more decentralization) but an XMR transaction weights more than a BTC transaction (explaining why the size of Monero's blockchain is indeed growing faster even with much fewer transactions).

@7jaka7, could you explain why you think the size of blockchain has an influence on the price?

1 BTC = 1 BTC
Hueristic
Legendary
*
Offline Offline

Activity: 2478
Merit: 1700


Doomed to see the future and unable to prevent it


View Profile
August 23, 2018, 04:51:38 PM
 #39130

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:
...

I think you two guys are talking about two different things.

7jaka7 is talking about the size of the blockchain (= the amount of disk space that you need
if you want to download and verify the Bitcoin / Monero blockchain).
You are talking about the total supply of BTC / XMR.

Monero´s blockchain is indeed growing faster than the BTC blockchain
if we measure the growth of the blockchain size as a percentage.

BTC blockchain growth:
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/

Monero blockchain growth:
https://moneroblocks.info/stats

https://www.ccn.com/privacy-coin-monero-successfully-completes-first-bulletproofs-audit/
https://bitcoincryptocurrency.com/monero-xmr-bulletproofs/
Quote
Just to conclude, there’s no doubt Bulletproofs represents a vital advancement in Monero transactions. The 80% savings, faster verification times and reduced fees is a huge plus. If you are part of those waiting for it, be happy and keep checking!

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
PrinceKael
Jr. Member
*
Offline Offline

Activity: 30
Merit: 7


View Profile
August 23, 2018, 05:18:23 PM
 #39131

Apparently Bulletproofs can reduce the average tx from 15kb to something like 1.5kb-3kb which is still slightly larger than Bitcoin's 0.5kb but definitely a significant improvement. Would something like RuffCT/StringCT reduce that even more? I'm also curious if we would be able to prune the blockchain in the future, like Aeon or Boolberry do - although Monero can't use the same method IIRC.

Monero also stores UTXO on-disk with denormalised database indices/LMDB rather than on-memory like Bitcoin, so although their blockchain isn't growing as fast as Monero currently, they will still suffer from a growing UTXO set in time, although hard drive storage is getting cheaper every year and there's always room for more optimisations and off-chain scaling solutions.

I'm not an expert though, so I'd love if someone could chime in and correct me if I'm wrong.
elrippos friend
Full Member
***
Offline Offline

Activity: 903
Merit: 150


only hodl what you understand and love!


View Profile
August 23, 2018, 05:54:37 PM
 #39132

1000 usd xmr looks so far away. Hopefully we get there eventually Smiley

Multiply hash rate times transaction volume and divide by emission. Extrapolate linearly.

You are back in the house, so that takes me to a new ATH in a month or less  Grin

addadadad
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
August 23, 2018, 06:40:14 PM
 #39133

Guys, if there are holders here - buy PRiVCY
Monero has already passed the pump, look how it collapsed.

Monero is shit!
The future is PRiVCY !!!

I'm waiting for everyone here - https://bitcointalk.org/index.php?topic=4503790.msg40546622#msg40546622

Sign me up!
Subscribe to our Airdrop  Grin

You mean this Shit is so good they are giving it away!!!

Damn I have to buy Monero. Sad

I must be doing it wrong.

Dude, stopped on their discord and people were talking about "If the price pumps to X, I'll buy a lambo for every day of the week!"

Don't they know the life cycle of a privacy shitcoin? 1. launch coin silently so devs can accumulate 2. make incredible claims (IE. Whitepaper SOON!) 3. work noobs into a frothy lather of expectations 4. go full-shill and attack Monero 5. pump and die 6. take what you learned and start a new coin (only appies to devs and pump masters)

You don't skip to 4

you're so clever.
Before the pump did you already buy PRiVCY?

Can you explain 'the pump?' PRIVCY price hasn't fluctuated all that much from what I can see?
Jason.W
Jr. Member
*
Offline Offline

Activity: 49
Merit: 5


View Profile
August 23, 2018, 06:44:37 PM
Last edit: August 23, 2018, 06:55:07 PM by Jason.W
 #39134

OK the math is in fellas:


C0A2A1C4
7jaka7
Sr. Member
****
Offline Offline

Activity: 628
Merit: 276

BTC, ETH, XMR, LTC


View Profile WWW
August 23, 2018, 08:22:42 PM
 #39135

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)

I assume you are talking about the total of BTC and XMR in circulation? They should be equal in 2040:

~snip

Also, note the supply rate will be similar from 2019 to 2027. You can read this very interesting reddit post to get more info: https://www.reddit.com/r/Monero/comments/512kwh/useful_for_learning_about_monero_coin_emission/

I was thinking of total supply in the other reason I mentioned:
- smaller supply (is there any estimations when XMR will over come BTC's supply?)
But thanks for all the info. Also interesting link, thanks!

Quote
@7jaka7, could you explain why you think the size of blockchain has an influence on the price?
Just for the reasons you mentioned, i.e. if blockchain would take 0,5TB (or more) of disk space I think there would be a lot less nodes which also makes whole blockchain less secure (or not?) and if some kind of attack would happen I believe price would decrease a lot. After all this is what give it it's true value.
P.S. I assumed that XMR transactions takes up more space due to ring signatures. So if there would be same number of transactions on BTC and XMR blockchains Monero's would grow faster.

Thanks for the links @Samarkand Smiley

- smaller blockchain size then BTC atm (I assume size is growing faster then BTC's, any estimations when this could happen?)
~snip
~snip
https://www.ccn.com/privacy-coin-monero-successfully-completes-first-bulletproofs-audit/
https://bitcoincryptocurrency.com/monero-xmr-bulletproofs/
Quote
Just to conclude, there’s no doubt Bulletproofs represents a vital advancement in Monero transactions. The 80% savings, faster verification times and reduced fees is a huge plus. If you are part of those waiting for it, be happy and keep checking!
I saw this yes. This could actually be a big improvement.

Quote
After the new rules, however, this figure will be slashed to as much as around 2.5kB in size for all single-output bulletproofs.
This is still a lot bigger then BTC transaction on average, which is around 0.4kB.

SECURE YOUR CRYPTO ASSETS | GET SOME FREE SATOSHI'S | TRADE ON BINANCE 
Disclaimer: All links are affiliate/refferal! Thank you for using them! Smiley
Hueristic
Legendary
*
Offline Offline

Activity: 2478
Merit: 1700


Doomed to see the future and unable to prevent it


View Profile
August 23, 2018, 08:36:52 PM
 #39136


Quote
After the new rules, however, this figure will be slashed to as much as around 2.5kB in size for all single-output bulletproofs.
This is still a lot bigger then BTC transaction on average, which is around 0.4kB.

“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
spirali
Member
**
Offline Offline

Activity: 65
Merit: 61


View Profile
August 24, 2018, 12:40:44 AM
 #39137

I was thinking of total supply in the other reason I mentioned:
- smaller supply (is there any estimations when XMR will over come BTC's supply?)
But thanks for all the info. Also interesting link, thanks!

Oh I see... I knew I read that and I knew I could find the answer (because I asked myself the same question in the past) but I quoted another sentence when I replied and I started from there  Roll Eyes

1 BTC = 1 BTC
smooth
Legendary
*
Offline Offline

Activity: 2534
Merit: 1167



View Profile
August 24, 2018, 01:53:07 AM
Merited by Hueristic (1)
 #39138

Apparently Bulletproofs can reduce the average tx from 15kb to something like 1.5kb-3kb which is still slightly larger than Bitcoin's 0.5kb but definitely a significant improvement. Would something like RuffCT/StringCT reduce that even more?

As currently envisioned that would increase the ring size (so better privacy) without increasing the TX size but wouldn't significantly reduce the tx size. There might be other methods/improvments developed in the future, who knows.

Quote
I'm also curious if we would be able to prune the blockchain in the future, like Aeon or Boolberry do - although Monero can't use the same method IIRC.

Some pruning (about 80% IIRC) is already partially implemented and will be rolled out when it is ready.

Dotto
Legendary
*
Offline Offline

Activity: 981
Merit: 1005


No maps for these territories


View Profile
August 24, 2018, 07:35:43 PM
Last edit: August 24, 2018, 09:17:14 PM by Dotto
 #39139

Im 6 to 9 months out of the crypto loop. Hadnt read a single new.

I have a brand new ledger nano to move all the moneros in. If someone can tell me where is the more updated guide would be helpful.

It is safe to move all my moneros there?
ozkraut
Sr. Member
****
Offline Offline

Activity: 522
Merit: 266


View Profile
August 25, 2018, 12:07:42 AM
Merited by Dotto (10)
 #39140

Im 6 to 9 months out of the crypto loop. Hadnt read a single new.

I have a brand new ledger nano to move all the moneros in. If someone can tell me where is the more updated guide would be helpful.

It is safe to move all my moneros there?

This should get you started:

https://old.reddit.com/r/Monero/comments/925q5m/gui_v01230_with_direct_ledger_support_released/

Monero - Wir sind die Leute vor denen uns unsere Eltern gewarnt haben!
Pages: « 1 ... 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 [1957] 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 ... 2112 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!