[XMR] Monero Speculation

[kazuki49]

I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

I should refocus to the MiG thing. That is directing to the above segment. Here, my laborious scenario analyses did not receive even one comment. That is indicative that you aren't even interested in Monero here! We need more leaders, and we are bound to get them on board in the coming months.

One thing I will comment on is that I'm a bit surprised what little investment is necessary to buy your way into the top 1%.

It is very little, Monero bellow Doge in marketcap is a travesty.

As I believe in that I buy all I can.

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[smooth]

I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

It does help some investors who aren't necessarily comfortable with command line tools and don't want to keep their coins on a web site. Unfortunately even the third party GUI wallets at present require some facility with the command line to install and configure.

Only a basic GUI is needed for this target market, not something that would attract or serve the masses.

[MataKhobRazi]

I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

I should refocus to the MiG thing. That is directing to the above segment. Here, my laborious scenario analyses did not receive even one comment. That is indicative that you aren't even interested in Monero here! We need more leaders, and we are bound to get them on board in the coming months.

Just so you know, I read and enjoyed everything you wrote on the subject, but did not feel an immediate need to make any comments.


I feel confident there are many others like me. Perhaps we should be more expressive. 

Rpietila, I like reading your analysis and this thread in general. I don't often comment because my english is not perfect. So I prefer being silent but I am among the people that believe in monero and who made long term investment in it ...

[pa]

I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

I should refocus to the MiG thing. That is directing to the above segment. Here, my laborious scenario analyses did not receive even one comment. That is indicative that you aren't even interested in Monero here! We need more leaders, and we are bound to get them on board in the coming months.

I actually enjoyed your analyses and your thoughts behind, but i don´t have anything to add to it.... so i´ll just say thanks for your effort.

I too appreciate your scenario analysis (and many of your other educational and inspiring economic posts on both Bitcoin and Monero) but lack the background in economics and finance to discuss them in depth. I find your analysis thought-provoking, but also a bit unsatisfying, in that many of your assumptions seem arbitrary (or based on personal intuition). I laud your willingness to explicate your thinking, nevertheless. Though I'm still a neophyte at trading and speculation, you and a perhaps a dozen others on this forum and Reddit have been instrumental in opening my mind to the idea that speculation is not merely gambling.

[GingerAle]

I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

I should refocus to the MiG thing. That is directing to the above segment. Here, my laborious scenario analyses did not receive even one comment. That is indicative that you aren't even interested in Monero here! We need more leaders, and we are bound to get them on board in the coming months.

I actually enjoyed your analyses and your thoughts behind, but i don´t have anything to add to it.... so i´ll just say thanks for your effort.

I too appreciate your scenario analysis (and many of your other educational and inspiring economic posts on both Bitcoin and Monero) but lack the background in economics and finance to discuss them in depth. I find your analysis thought-provoking, but also a bit unsatisfying, in that many of your assumptions seem arbitrary (or based on personal intuition). I laud your willingness to explicate your thinking, nevertheless. Though I'm still a neophyte at trading and speculation, you and a perhaps a dozen others on this forum and Reddit have been instrumental in opening my mind to the idea that speculation is not merely gambling.

I too read your analyses and appreciate them, but I do not have the skill to add to the conversation or critique them, so they are mostly read in silence. I especially appreciate how honest the analyses are - the percentage success rates or probabilities are always on the "sure it could happen" side of things, which is refreshing - fits the general tone of monero community development - realism, as opposed to the "this is definite and we're all going to be buying spaceships", which you could definitely produce if you so chose, so thanks.

[Black Arrow]

I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

I should refocus to the MiG thing. That is directing to the above segment. Here, my laborious scenario analyses did not receive even one comment. That is indicative that you aren't even interested in Monero here! We need more leaders, and we are bound to get them on board in the coming months.

Just so you know, I read and enjoyed everything you wrote on the subject, but did not feel an immediate need to make any comments.


I feel confident there are many others like me. Perhaps we should be more expressive. 

+1

[bitcoin_bagholder]

The money is coming from the treasures of the wicked into the hands of the righteous ones.

This has to be a bad joke, or a prophesy of your own demise, in the view of some of your old quotes from the same month, visible in the previous page.

What I can say to your credit, is that your despicable character prompted me to read Hitler's biography. Apparently the guy was very opposed against liars and thieves.

Nothing in this message should be construed to mean anything above its literal meaning and must be quoted fully including disclaimer.

Theologically it is wrong actually what I claimed here. I basically put it up to provocate you.  

Theologically speaking, a man can be rich and wicked but also righteous and rich.
In case of the first, the reason is G-d repays the few good deeds of a wicked with cash in his/her face so that G-d do not owe anything in the day of Judgement.
The latter case is perhaps a situation of a philantrophist who is the tool to give money to Torah learning and people coming closer to the Creator (note: not Jeshu since he is not a Creator but a wicked human being).

When it comes to Hitler's biography, I am sure he has his reasons to antisemitism. After all, he needed the support of his people to his evil deeds such as Kristallnacht or other redistributions of people's wealth and belongings.
Hitler himself was a thief and murderer.

Pricewise, if Monero ever succeeds, the payoff is not that nice (against btc) so that it would attract many investors at current prices. After all, it has to go up "only" 40 times from the current prices to reach the parity with btc(!!!). This shows how expensive Monero really is currently in relation to bitcoin.

There would've been a permanent display of Hitler's thievery if Nazi Germany hadn't been defeated: http://en.wikipedia.org/wiki/F%C3%BChrermuseum

He issued a decree placing stolen artwork under his control.

[smooth]

Heads up. 20th century history is largely off topic unless there is some direct connection to Monero

[Hueristic]

I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

It does help some investors who aren't necessarily comfortable with command line tools and don't want to keep their coins on a web site. Unfortunately even the third party GUI wallets at present require some facility with the command line to install and configure.

Only a basic GUI is needed for this target market, not something that would attract or serve the masses.

Yup, and when the GUI is released (after the prerequisites are met) we can expect the price to make a very large upward swing and bounce around that point. Where that point is is anyone's guess right now. My Guess would be about .05 or so.

BTW Rpietila I also enjoy reading your posts, It's obvious you put alot of effort into them.

[cAPSLOCK]

I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

I should refocus to the MiG thing. That is directing to the above segment. Here, my laborious scenario analyses did not receive even one comment. That is indicative that you aren't even interested in Monero here! We need more leaders, and we are bound to get them on board in the coming months.

I agree with you here with some qualifications.  The official GUI(s) is only really possible with the database working well.  And when those two things are in place we could see more "masses" come on board.  We have to be ready.

The only danger here is some displacement by a crypto upstart with a gui etc.  But that is an outlier. 

By the way, I found your recent posts VERY interesting.  And so thorough I felt no need to comment much.  I do appreciate the effort. 

[oblox]

I don't think the GUI is the key. Monero appeals most to extremely intelligent people who also have lots of money (aminorex, ArticMine). This type of guys will be the deciders of the price in the short (1 year) term. The masses come later.

It does help some investors who aren't necessarily comfortable with command line tools and don't want to keep their coins on a web site. Unfortunately even the third party GUI wallets at present require some facility with the command line to install and configure.

Only a basic GUI is needed for this target market, not something that would attract or serve the masses.

Yup, and when the GUI is released (after the prerequisites are met) we can expect the price to make a very large upward swing and bounce around that point. Where that point is is anyone's guess right now. My Guess would be about .05 or so.

BTW Rpietila I also enjoy reading your posts, It's obvious you put alot of effort into them.

I really doubt the GUI alone will result in a price increase that large to be honest. Sure, anything is possible, but I'd wager the probability is exceedingly low.

[rpietila]

Thanks for the support. I find that getting information on Monero to the people who have the highest propensity to appreciate and act on it, is the key to success.

When Monero was listed, David Latapie approached me on PM. He laid out the reasons why I should invest. I did.

I have been approached in a similar way by proponents of quite a few coins both before and after, but never found the reasons to invest compelling enough.

No need for gimmicks. Intelligent people can act on facts. Getting their attention is the difficult part.

[aminorex]

When Monero was listed, David Latapie approached me on PM. He laid out the reasons why I should invest. I did.

He got to you before I did?

[Blazed]

I was considering buying some Monero with the prices falling recently, but do not like that it only trades on 1 exchange. Do you guys know if any other exchanges are planning to add XMR any time soon? Currently 100% of my crypto holdings are in Bitcoin, and I was wanting to speculate just for the hell of it. Maybe I should hit up fluffy for an OTC trade or something..

FYI I am not a day trader...so I would be buying and HODLing.

[smooth]

I was considering buying some Monero with the prices falling recently, but do not like that it only trades on 1 exchange. Do you guys know if any other exchanges are planning to add XMR any time soon? Currently 100% of my crypto holdings are in Bitcoin, and I was wanting to speculate just for the hell of it.

Monero is on poloniex, bittrex, bter, and probably some other smaller exchanges (including hitbtc, but that is not recommended).

Cryptsy has said they are working on adding it, which they certainly should since it has been at or near the top of their voting list for many months. If you or anyone has some information about why they haven't already done what their users have asked them to do and added it, please let us know.

[tifozi]

I was considering buying some Monero with the prices falling recently, but do not like that it only trades on 1 exchange. Do you guys know if any other exchanges are planning to add XMR any time soon? Currently 100% of my crypto holdings are in Bitcoin, and I was wanting to speculate just for the hell of it. Maybe I should hit up fluffy for an OTC trade or something..

FYI I am not a day trader...so I would be buying and HODLing.

Welcome.

There are many in the same boat as you and the concern about one major exchange trading almost all volume is valid, but for someone planning and holding on an individual basis, this is a big plus. Purchase -> Local wallet

[saddambitcoin]

Do you guys know if any other exchanges are planning to add XMR any time soon?

It was #1 on cryptsy voting for quite some time last summer/fall, even before they allowed paid votes for XMR. they acknowledged to add it at some point.

Not sure why they have not added, tbh. Perhaps they are waiting for the "official" database release.

[aminorex]

Perhaps they are not done accumulating yet.

[vokain]

othe is on a roll

For those of you looking for the bottom, I think you missed it.

I'm still waiting for ~my~ bottom

[rpietila]

When Monero was listed, David Latapie approached me on PM. He laid out the reasons why I should invest. I did.

He got to you before I did?

Yes, the next day following the listing in Polo. I had acknowledged the project before but not researched it during the inception, takeover, otc and cryptonote-exchange days (in total numbering about 30 days).

So I am one of the most senior of the monerenoj as well, having been involved for 90% of the coin's existence.

ADD: I checked that your contact was later. Perhaps the critical threshold was your PM. It's important to get recommendation from existing contacts, (David I did not know at all that time).

Can this information be used to fish other people like me into the coin? I am sure both they and the community benefit