[XMR] Monero Speculation

[TrueCryptonaire]

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

A) As more Moneros have been mined, the limit of a whale need to be increased. Therefore I would say a whale is someone who owns minimum 1 million Moneros (like Satoshi in Bitcoin). The others are small fish species and "social climbers".

B) When Risto starts writing posts about investing in Moneros, it is surprisingly few Moners that are needed for a position in new elite. I would say, 5 000 usd invested in Monero will be enough to get some kind of status in Risto's predictions (it might be 5 Moneros if 1 xmr costs 1000 usd or 10 000 xmr if one xmr costs 0.50 usd like nowdays).

[dreamspark]

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Therefore I would say a whale is someone who owns minimum 1 million Moneros (like Satoshi in Bitcoin). The others are small fish species and "social climbers".

Behave...

[TrueCryptonaire]

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Therefore I would say a whale is someone who owns minimum 1 million Moneros (like Satoshi in Bitcoin). The others are small fish species and "social climbers".

Behave...

Take the challenge. 

[rangedriver]

A. How many Moneros would it take to be considered a whale?

Does it really matter? Surely 'whale' is merely an ego-driven qualification, that pales in comparison to the profit and politics that XMR can potentially provide.

But if you're genuinely a lover of ego, then why not identify as 'smart mutha-fucker'.

After all, to be a whale involves an unknown number of XMR, whereas you only need 1 XMR to be considered a smart mutha-fucker... and the more XMR you accrue above this, the more you are considered a smart mutha-fucker.

[dreamspark]

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Therefore I would say a whale is someone who owns minimum 1 million Moneros (like Satoshi in Bitcoin). The others are small fish species and "social climbers".

Behave...

Take the challenge. 

There is no challenge, you're just talking waffle.

Owning 500k XMR and being able to clear the bidside several times over. Is now considered 'fish species'

[americanpegasus]

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

 
For A, consider that a total of 1,645 people made the 2014 billionaire list.  If you start to include too many seats at the table, the term whale loses definition.  So, I would say if you divide a currency up into blocks of 1/1000 and you own at least that much, you can safely be considered a whale.  For Monero, that means you need about 20,000 Monero to consider yourself a whale.  
  
If you somehow own 1% or greater?  200,000 Monero?  
  
Well Holy shit, that might need a new nautical term.  I think that crypto will be the first (one of the first) times in history when individuals will own *percentages* of an entire currency.  That's a level of rich an entire magnitude above 'whale'.  
  
For B, does it really matter?  Monero in 2025 is either worth a fantastic amount or essentially nothing.  I obviously believe it will be the former, but I'm not immune to human error.  But if it 'takes off', you are looking at thousands to tens of thousands of dollars in today's USD purchasing power per Monero.  That means that even 1,000 Monero (the cost of a PS4) will make you wealthy if this experiment succeeds.

[TrueCryptonaire]

A. How many Moneros would it take to be considered a whale?

B. Whats the minimum amount of Moneros one would need to see a real wealth increase if/when Monero really takes off?

Therefore I would say a whale is someone who owns minimum 1 million Moneros (like Satoshi in Bitcoin). The others are small fish species and "social climbers".

Behave...

Take the challenge. 

There is no challenge, you're just talking waffle.

Owning 500k XMR and being able to clear the bidside several times over. Is now considered 'fish species'

If you own 1 million xmr you belong for sure top 8 holders.
owning only 500 000 makes you belong to top 16 for sure.
If you want to have 500 k xmr, it is worth of 270 000 usd which barely buys you a bathroom in downtown Helsinki.

[newb4now]

Can someone explain this video to me?
http://8btc.com/thread-20406-1-1.html

It is supposed to be about how LTC is being promoted in China
https://bitcointalk.org/index.php?topic=1115157.0

Maybe there will be some good ideas for how XMR can be promoted there

[nioc]

I did not check out your links but ltc was being "promoted" as a ponzi.

To get in you had to buy 500 ltc.

Have you seen the ltc charts today?

[luigi1111]

Can someone explain this video to me?
http://8btc.com/thread-20406-1-1.html

It is supposed to be about how LTC is being promoted in China
https://bitcointalk.org/index.php?topic=1115157.0

Maybe there will be some good ideas for how XMR can be promoted there

I did not check out your links but ltc was being "promoted" as a ponzi.

To get in you had to buy 500 ltc.

Have you seen the ltc charts today?

Yeah we don't want that kind of promoting. Just like LTC, though, we can't really stop it from happening if someone tries it.

[americanpegasus]

Yes,  fuck pumps.  I hope you guys are not here to sell Monero at $9 and call it a day.

[medusa13]

xmr ask side down and i think its a lot, over 50k for sure.
bid side still weak but it does not look so sick anymore compared to the asks.

a whale is what a whale is. the real xmr whales could clear the whole bid side as it stands right now.

[TrueCryptonaire]

xmr ask side down and i think its a lot, over 50k for sure.
bid side still weak but it does not look so sick anymore compared to the asks.

a whale is what a whale is. the real xmr whales could clear the whole bid side as it stands right now.

I could put a buy order to the bids that nobody cannot clear as there is not enough Moneros made.
Therefore it is not a good idea to define a whale as a person who can clear the bids.
Better to stick a number that makes sure you belong to top x holders.

In my books a whale is currently a person that owns 1 000 000 xmr (worth only roughly 530 000 usd).
800 000 xmr holder is a pocket whale
600 000 xmr holder is a dolphin
500 000 or less is a small fish - I am sorry but unfortunately I cannot do better.

[jehst]

John D. Rockefeller's net worth was worth 1.5% of America's GDP. There was no top 1%. Top 1% wasn't a whole person.

[hodlmybtc]

xmr ask side down and i think its a lot, over 50k for sure.
bid side still weak but it does not look so sick anymore compared to the asks.

a whale is what a whale is. the real xmr whales could clear the whole bid side as it stands right now.

I could put a buy order to the bids that nobody cannot clear as there is not enough Moneros made.
Therefore it is not a good idea to define a whale as a person who can clear the bids.
Better to stick a number that makes sure you belong to top x holders.

In my books a whale is currently a person that owns 1 000 000 xmr (worth only roughly 530 000 usd).
800 000 xmr holder is a pocket whale
600 000 xmr holder is a dolphin
500 000 or less is a small fish - I am sorry but unfortunately I cannot do better.

These numbers are just... lol

It shouldn't be measured in USD but in XMR as part of the total supply.

You're a whale if you significally can move markets, with XMR you can do that pretty good with 100k XMR.

Noone has 1m XMR, it's just stupid to have such a big part of the total supply, if you want to liquidate 10% of your coins you crash the market.

On topic: what will the XMR price do as the pumped alts bubble pops and BTC keeps going up?

I think we're in the calm before the storm at the moment. Downwards momentum is slowly turning into upwards momentum and XMR is like the only coin not pumped in the recent alt pump round.

Speculate on

[TrueCryptonaire]

xmr ask side down and i think its a lot, over 50k for sure.
bid side still weak but it does not look so sick anymore compared to the asks.

a whale is what a whale is. the real xmr whales could clear the whole bid side as it stands right now.

I could put a buy order to the bids that nobody cannot clear as there is not enough Moneros made.
Therefore it is not a good idea to define a whale as a person who can clear the bids.
Better to stick a number that makes sure you belong to top x holders.

In my books a whale is currently a person that owns 1 000 000 xmr (worth only roughly 530 000 usd).
800 000 xmr holder is a pocket whale
600 000 xmr holder is a dolphin
500 000 or less is a small fish - I am sorry but unfortunately I cannot do better.

These numbers are just... lol

It shouldn't be measured in USD but in XMR as part of the total supply.

You're a whale if you significally can move markets, with XMR you can do that pretty good with 100k XMR.

Noone has 1m XMR, it's just stupid to have such a big part of the total supply, if you want to liquidate 10% of your coins you crash the market.

On topic: what will the XMR price do as the pumped alts bubble pops and BTC keeps going up?

I think we're in the calm before the storm at the moment. Downwards momentum is slowly turning into upwards momentum and XMR is like the only coin not pumped in the recent alt pump round.

Speculate on

As I said, 1 million XMR guarantees its owner a position among the top 8 richest people in Monerosphere.
You might belong to that group in reality even with lower amount, too but that cannot be proven.

Currently it is relatively cheap to purchase such amount of coins - especially if you organize OTC trades. From the exchanges it is more challenging as the price starts to climb pretty fast.
However, the fact that with only 530 000 usd worth of coins you own more than 10 % of the total coin supply tells me how cheap Monero is and therefore easy to pump.

I do not know why someone would like to liquadate a large number of Moneros when the price goes up. Sure all of us who are not millionaires want to have 1 million usd on our bank accounts but when we have 1 million usd, a nice car and a castle and still 999 000 XMR - what do you need more? You probably do not bother dumping as you do not need anything at some point but rather keep the coins.

The title of Monero-Leviathan is reserved for a person who controls 2 000 000 XMR.




So most of us still need to build our positions.

[binaryFate]

So most of us still need to build our positions.

I was wondering why you were throwing such ridiculous numbers, but now I understand. You're really trying to use any possible conversation and change it into a pump/dump message, depending on your current position.
On that one, that was really a long stretch to reach your final line...

[TrueCryptonaire]

So most of us still need to build our positions.

I was wondering why you were throwing such ridiculous numbers, but now I understand. You're really trying to use any possible conversation and change it into a pump/dump message, depending on your current position.
On that one, that was really a long stretch to reach your final line...

Don't get me wrong, I have currently a buy order (and if it gets filled I will put more buy orders - so please dump on me) so I am buying also together with you guys and building my own position.  

[kazuki49]

that means you need about 20,000 Monero to consider yourself a whale.  
  
If you somehow own 1% or greater?  200,000 Monero?  
  
Well Holy shit, that might need a new nautical term.  I think that crypto will be the first (one of the first) times in history when individuals will own *percentages* of an entire currency.  That's a level of rich an entire magnitude above 'whale'.  

It may not exist but you better pray it doesn't anyway  

[medusa13]

lol  

funny guys, this can turn into a rocket really fast you know it. only thing i dont know is if we can still fly with polo or not. its our only place to buy the moon tickets and we gonna ride with them too.
anyway i think ~0.002 is many peoples average and seems like a solid floor to me, maybe we touch 0.0015 but whatever it wont hurt so much.  
holding this amount of coins would be too much responsibility for me (yes, Cthulhu i look at you)