[XMR] Monero Speculation

[TrueCryptonaire]

Methinks XMR might (and probably will) "rise [like a] chikun" (as was chanted in the btc-e trollbox) like LTC ran from $1.11 to $48.48 in fall of 2013.  This will likely accelerate as BTC finishes the bottoming pattern and begins its next rally to $3-$10k BTC/USD.  XMR will be a greater "chikun" than LTC especially once GUI arrives and it grows widely adopted & utilized.

So when is btc going to 3-10k?  I heard it was happening last summer.

I put my Polo stash up for sale at btc parity.

I made a small amount of XMR trading today but I really hate to do it as I don't want to loose (correct bct spelling) any of it.  Yeah yeah I know.

Looks like they have cancelled btc rise in the last minutes.
Actually the failure of btc is like a victory over the Goliath Monero being little David who later inherited the Kingdom and crown.
Monero doesnt need btc but later in the future btc might need actually Monero.
Bitcoin can offer nothing that cannot be implemented to Monero.

[MataKhobRazi]

What is your ratio between bitcoin and XMR you have ? I have personnaly put about 50% of my investment in BTC and about 50% in XMR.

[mrkavasaki]

i think we are little overbought at the moment

[Its About Sharing]

What is your ratio between bitcoin and XMR you have ? I have personnaly put about 50% of my investment in BTC and about 50% in XMR.

Not that I disagree with that ratio but I'm not doing that.
I hear more people use 5%-10% on alts. (initial value)
As the price rises they often cash out to keep that % (or maintain a certain percentage.)

That said I do feel like Monero is worthy of taking a bigger risk on as I have more than a strong feeling that many early
BTC adopters see what is happening and they want to up the ante with XMR.

IF XMR is showing this kind of strength with BTC relatively down, I can only imagine where it goes once BTC turns upwards.
My guess is from .01 BTC or .02 BTC on the lower end, to .1 BTC on the extreme high end.
So, being that we are in the .003-.004 range, a higher % of BTC in XMR is a decent chance to take.

[brg444]

What is your ratio between bitcoin and XMR you have ? I have personnaly put about 50% of my investment in BTC and about 50% in XMR.

Not that I disagree with that ratio but I'm not doing that.
I hear more people use 5%-10% on alts. (initial value)
As the price rises they often cash out to keep that % (or maintain a certain percentage.)

That said I do feel like Monero is worthy of taking a bigger risk on as I have more than a strong feeling that many early
BTC adopters see what is happening and they want to up the ante with XMR.

IF XMR is showing this kind of strength with BTC relatively down, I can only imagine where it goes once BTC turns upwards.
My guess is from .01 BTC or .02 BTC on the lower end, to .1 BTC on the extreme high end.
So, being that we are in the .003-.004 range, a higher % of BTC in XMR is a decent chance to take.

What timeframe are you looking at?

[Its About Sharing]

What is your ratio between bitcoin and XMR you have ? I have personnaly put about 50% of my investment in BTC and about 50% in XMR.

Not that I disagree with that ratio but I'm not doing that.
I hear more people use 5%-10% on alts. (initial value)
As the price rises they often cash out to keep that % (or maintain a certain percentage.)

That said I do feel like Monero is worthy of taking a bigger risk on as I have more than a strong feeling that many early
BTC adopters see what is happening and they want to up the ante with XMR.

IF XMR is showing this kind of strength with BTC relatively down, I can only imagine where it goes once BTC turns upwards.
My guess is from .01 BTC or .02 BTC on the lower end, to .1 BTC on the extreme high end.
So, being that we are in the .003-.004 range, a higher % of BTC in XMR is a decent chance to take.

What timeframe are you looking at?

The .01 ratio can happen overnight but I imagine in the next 3 months or so we see it happen.
My extreme high end ratio would involve unforseen forces as I can't see under normal circumstances that happening. But then again, when the public moves into Crypto en masse, all bets are off 

[aminorex]

i think we are little overbought at the moment

Why do you think that?

[macsga]

What is your ratio between bitcoin and XMR you have ? I have personnaly put about 50% of my investment in BTC and about 50% in XMR.

Not that I disagree with that ratio but I'm not doing that.
I hear more people use 5%-10% on alts. (initial value)
As the price rises they often cash out to keep that % (or maintain a certain percentage.)

That said I do feel like Monero is worthy of taking a bigger risk on as I have more than a strong feeling that many early
BTC adopters see what is happening and they want to up the ante with XMR.

IF XMR is showing this kind of strength with BTC relatively down, I can only imagine where it goes once BTC turns upwards.
My guess is from .01 BTC or .02 BTC on the lower end, to .1 BTC on the extreme high end.
So, being that we are in the .003-.004 range, a higher % of BTC in XMR is a decent chance to take.

What timeframe are you looking at?

The .01 ratio can happen overnight but I imagine in the next 3 months or so we see it happen.
My extreme high end ratio would involve unforseen forces as I can't see under normal circumstances that happening. But then again, when the public moves into Crypto en masse, all bets are off 

Being better tech than Bitcoin, I'd expect a more than 1:0.1 ratio at some point. After that, maybe we will have to witness a new paradigm (ie: the first alt to threat bitcoin's reign). Again, a long shot.

[TrueCryptonaire]

What is your ratio between bitcoin and XMR you have ? I have personnaly put about 50% of my investment in BTC and about 50% in XMR.

I have only fractions in btc.
For me btc serves only as a gateway towards xmr, hence I am pretty sceptical if we see ath in btc anymore. It is pissible but day by day it looks more distant to me. So I have put my money where my mouth is.

[iCEBREAKER]

i think we are little overbought at the moment

Why do you think that?

It's the conventional wisdom, the result of cognitive dissonance in us old timers' heads from getting used to the recent regime of low prices and now being thrust into a stampeding bull market.

Since the 'overbought' opinion is so prevalent, it's probably wrong.   

I was 50/50 in 0.001 XMR, now I have to decide between rebalancing or letting it ride.  Damn you, 1st world problems!

[aminorex]

Guy in Romania had his house hit by meteors like 3 times over the years.    How much would you have bet against that?  Selling XMR below 1 BTC requires, in my mind, a reason why the utility of XMR will remain inferior to that of BTC over the long run.  But in fact, its utility is superior in the most important dimensions, and very likely to improve dramatically in the superficial ones understood by trampstamps and bronies, as funds for development are freed up by rising market cap.   And if it can go to 1 BTC, it can certainly go to 10 BTC.   Doesn't mean one should buy it though. 

[mrkavasaki]

Guy in Romania had his house hit by meteors like 3 times over the years.    How much would you have bet against that?  Selling XMR below 1 BTC requires, in my mind, a reason why the utility of XMR will remain inferior to that of BTC over the long run.  But in fact, its utility is superior in the most important dimensions, and very likely to improve dramatically in the superficial ones understood by trampstamps and bronies, as funds for development are freed up by rising market cap.   And if it can go to 1 BTC, it can certainly go to 10 BTC.   Doesn't mean one should buy it though. 

comon, i dont think it  can overtake bitcoin any time

[TrueCryptonaire]

Guy in Romania had his house hit by meteors like 3 times over the years.    How much would you have bet against that?  Selling XMR below 1 BTC requires, in my mind, a reason why the utility of XMR will remain inferior to that of BTC over the long run.  But in fact, its utility is superior in the most important dimensions, and very likely to improve dramatically in the superficial ones understood by trampstamps and bronies, as funds for development are freed up by rising market cap.   And if it can go to 1 BTC, it can certainly go to 10 BTC.   Doesn't mean one should buy it though. 

I  agree, Monero has not even started getting wider adoption. Selling now is selling monero with peanuts.
My strategy to sell is when others than the currwnt community is buying the coin.
if you sell now the coins will go to the stromgest hands and you may not be able to get those coins back.

[TrueCryptonaire]

Guy in Romania had his house hit by meteors like 3 times over the years.    How much would you have bet against that?  Selling XMR below 1 BTC requires, in my mind, a reason why the utility of XMR will remain inferior to that of BTC over the long run.  But in fact, its utility is superior in the most important dimensions, and very likely to improve dramatically in the superficial ones understood by trampstamps and bronies, as funds for development are freed up by rising market cap.   And if it can go to 1 BTC, it can certainly go to 10 BTC.   Doesn't mean one should buy it though. 

comon, i dont think it  can overtake bitcoin any time

why?
Do we still use vhs or has dvds overtaken?

[rpietila]

If any alt reaches about 10-20% of Bitcoin's marketcap, Bitcoin is doomed in such a great probability that I'll sell mine (in favor of the alt).

[mrkavasaki]

monero  have still no economy right?

[nioc]

What is your ratio between bitcoin and XMR you have ? I have personnaly put about 50% of my investment in BTC and about 50% in XMR.

I was only 100% XMR but I have recently bought more btc so make that 90%.

I am not a whale and the total cost of all the btc I bought is less than 0

Guy in Romania had his house hit by meteors like 3 times over the years.    How much would you have bet against that?  Selling XMR below 1 BTC requires, in my mind, a reason why the utility of XMR will remain inferior to that of BTC over the long run.  But in fact, its utility is superior in the most important dimensions, and very likely to improve dramatically in the superficial ones understood by trampstamps and bronies, as funds for development are freed up by rising market cap.   And if it can go to 1 BTC, it can certainly go to 10 BTC.   Doesn't mean one should buy it though. 

Now you tell me

[rpietila]

Silver coins also don't have an appreciable economy. But if fiat, banks and Internet fail, it does not take long for such to form, because silver becomes the good with the highest score in "monetary attributes" column.

Similarly, there is no pressing need to develop an economy for an alt as long as Bitcoin is around. Also one of the attributes of money is marketcap, which for XMR is laughably small (but going into the right direction )

[TrueCryptonaire]

If any alt reaches about 10-20% of Bitcoin's marketcap, Bitcoin is doomed in such a great probability that I'll sell mine (in favor of the alt).

Monero is surprisingly close to that actually.
"Only" 25 times.

[drawingthesun]

If any alt reaches about 10-20% of Bitcoin's marketcap, Bitcoin is doomed in such a great probability that I'll sell mine (in favor of the alt).

Wasn't Litecoin at it's peak about $1 billion vs Bitcoin at the time around $10 billion?
Now look at Litecoin...