[XMR] Monero Speculation

[TrueCryptonaire]

The more ambitious you guys are in my books, the faster it is recommended to act. Due to Bitcoin rally it becomes more and more expensive to buy your ticket to the Leviathan or even whale -groups.  

[americanpegasus]

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  

 
  
XMR Cthulhu.  I like it.  
  
John Rockefeller owned 1.5% of the American GDP at one point, making him (debatably) the first Cthulhu of the 20th century.  In terms of bitcoin, we don't really need a term to describe Satoshi  (since there has never been more than on person to own > 10% of a currency).  Metric increments seems to work, from 0.1%, 1%... And maybe those who manage 0.01% and want to have a fun club title too.  
  
But the Winklevoss Twins definitely get to join the Cthulhu club.  Who knows, maybe Voorhees has too by now.  
  
I'm pretty confident for all the shit that rpiella talks (sp?) that he owns at least 200,000 XMR, and it wouldn't surprise me if a few core devs also owned at least own this much.  
  
 As for me, merely qualifying as whale sounds nice.  It's an achievable milestone for someone in the middle class to hit (even though it carries significant stakes), and owning 1/1000th of a currency is a ludicrous amount to own if that currency goes on to become a world standard over the next 10 years (well over my fair share as a member of the species).  I also am stupid, so it's unlikely I'll sell much even as we break levels such as $10, $100, and $1,000.  
  
I'm in it for the long haul.  My day job feeds me and lets me finance occasional art projects.  Monero is an interstellar space ticket, or nothing at all for me.  
  
The American Pegasus Center For Kids Who Don't Math Good And Want To Do Other Stuff Good Too will be a reality.
  

[americanpegasus]

Or since everyone seems so hung ho on the term Leviathan.  
  
Maybe owning 1% is the Leviathan.  
  
And 10% is Cthulhu (giving that term the due respect and weight it should carry).  
 
It makes sense.  Dumping 1% would do catastrophic damage to a market, but it wouldn't destroy a currency. 
 
Dumping 10%?  That might destroy a currency. 
 
And that's why it makes sense that title gets reserved for those who really deserve it.
  
 

[rpietila]

Considering that there are no "born whales" (premine) and the incentive to buy more goes down after you already have so much that you cannot exit at market,

20% = Cthulhu (probably does not exist)
10% = Leviathan (likely max 1)
5% = Behemoth (1-2)
1% = Whale (~10)
0.5% = Pocket whale
0.1% = Shark/Dolphin (depends on your trading aggression)

To adjust a large position, the market can only bear about 2500 XMR/day buy/sell pressure. This means that it takes month(s) for a whale to enter/exit a position completely, and the whole lifespan of the currency to amass a Leviathan+ sized amount. Only sharks can efficiently daytrade.

USD amounts are very small, so if new whales want to be born, we will be able to see it

[TrueCryptonaire]

Risto's view on the species of beasts is actually giving credits even for smaller guys.
There need to be an incentive to increase the status and the poor guys (ones with 500k or less need an incentive to improve their status).  

Imagine what happens to the price if the run starts as there are only 8 places available for the title of a whale or 4 places available for the title of Leviathan. Not many big beasts have enough space in the oceans.

P.S. Thank you for the dump. As my bitcoins get released from the captivity of margin traders, I will put a new buy order since I need to improve my beast status.

[TrueCryptonaire]

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.

Then there is really no chance to reach any meaningful highs.
Pumping the coin is the only way the marketcap grows. Sure there will be a dump but we only can hope that there are enough open shorts when the dump starts so that the price and marketcap will end up being higher than pre-pump.
If there will be no artificial pump, the price pretty much stays as it is now or declines if the current fish species will not start competing with each others to reach the Leviathan status or even a whale status.

The bad thing about the pump is it will cause some people burned.  Like those who bought bitcoins at 1000 usd - most likely they will never get in profit, however I wish I am proven wrong in this.

[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.

Then there is really no chance to reach any meaningful highs.
Pumping the coin is the only way the marketcap grows. Sure there will be a dump but we only can hope that there are enough open shorts when the dump starts so that the price and marketcap will end up being higher than pre-pump.
If there will be no artificial pump, the price pretty much stays as it is now or declines if the current fish species will not start competing with each others to reach the Leviathan status or even a whale status.

The bad thing about the pump is it will cause some people burned.  Like those who bought bitcoins at 1000 usd - most likely they will never get in profit, however I wish I am proven wrong in this.

Right...I'm not talking about a pump; I don't care personally if you or anyone else wants to "pump" XMR.

What I don't support is "pumping" via a Ponzi scheme.

[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

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.

Then there is really no chance to reach any meaningful highs.
Pumping the coin is the only way the marketcap grows. Sure there will be a dump but we only can hope that there are enough open shorts when the dump starts so that the price and marketcap will end up being higher than pre-pump.
If there will be no artificial pump, the price pretty much stays as it is now or declines if the current fish species will not start competing with each others to reach the Leviathan status or even a whale status.

The bad thing about the pump is it will cause some people burned.  Like those who bought bitcoins at 1000 usd - most likely they will never get in profit, however I wish I am proven wrong in this.

Right...I'm not talking about a pump; I don't care personally if you or anyone else wants to "pump" XMR.

What I don't support is "pumping" via a Ponzi scheme.

Thanks for the translations. Letting everyone know about Monero is a good thing but ponzi schemes are not.  The future for Monero is bright based on what we have in the pipeline already

[newb4now]

Considering that there are no "born whales" (premine) and the incentive to buy more goes down after you already have so much that you cannot exit at market,

20% = Cthulhu (probably does not exist)
10% = Leviathan (likely max 1)
5% = Behemoth (1-2)
1% = Whale (~10)
0.5% = Pocket whale
0.1% = Shark/Dolphin (depends on your trading aggression)

To adjust a large position, the market can only bear about 2500 XMR/day buy/sell pressure. This means that it takes month(s) for a whale to enter/exit a position completely, and the whole lifespan of the currency to amass a Leviathan+ sized amount. Only sharks can efficiently daytrade.

USD amounts are very small, so if new whales want to be born, we will be able to see it

Thanks for sharing this analysis. Can you provide more detail like last time (you had a spreadsheet). I am interested in the approximate total number of current Monero holders more than how many coins the top holders own.

I am eager for the Mobile wallet to make sharing small amounts of XMR with friends easy for everyone and increasing the user base.

How many new people do you think crypto kingdom has the potential to attract?

[KennyTheMartian]

What is .05%? 

[saddambitcoin]

What is .05%? 

~4234 XMR at current emission or something like 9300 XMR at total emission

[nioc]

What is .05%? 

KennyTheMartian

[generalizethis]

What is .05%? 

How about a Jellyfish? Now, you're jelly of the whales, but the Johnny Come Lately's will be jelly of you.

[explorer]

What is .05%? 

How about a Jellyfish? Now, you're jelly of the whales, but the Johnny Come Lately's will be jelly of you.

A cunning hunter, for a creature with no spine and no brain.  A swarm of jellyfish can handle all sorts of 'higher' forms 

[medusa13]

my 3rd eye can see us jump together with btc if all conditions are right. anon coins clearly have their own cycles. bad news is we might take dash with us, but no problem.
somone is accumulating aggressivley right now with no worries causing a spike if needed. if another whale or two jump in the situation might get exciting.
if we go up together with btc this will be legendary, you will need to remind me to stay cool 0.004 @ 500 and i would be a very happy man.

[TrueCryptonaire]

If you are a long term bitcoin-holder and believe Monero will do fine in the future (with probability high enough), then the following might suit for you:

1) Put aside the bitcoins you want to sell at the next btc ATH. Consider also how many bitcoins you want to sell for buying back later when the rally is over.
2) All the rest into XMR
3) Enjoy the ride and tell others to join in also. 
4) Become a millionaire, billionaire, trillionaire etc

However, as I said, this is a plan which works the best when everything goes as planned. If everything doesn't go as planned, this is pretty risky business. If Monero fails, the only ones that are going to buy Moneros are those few shorters who happen to have some open positions.

[dnaleor]

my 3rd eye can see us jump together with btc if all conditions are right. anon coins clearly have their own cycles. bad news is we might take dash with us, but no problem.
somone is accumulating aggressivley right now with no worries causing a spike if needed. if another whale or two jump in the situation might get exciting.
if we go up together with btc this will be legendary, you will need to remind me to stay cool 0.004 @ 500 and i would be a very happy man.

yeah, i'm looking at this also...
It's about the average buy in price in fiat for a lot of people I guess.

not for me, mine is lower, but I did sold some gold for BTC at 500 and bought XMR with that around 0.004, so I will be happy if we reach it again.

[Bassica]

Around 9,5k of incredibly well priced xmr left. Opportunities like these are slimming down.

Would be a good play to rollover some ltc/nmc/ppc profits into xmr right now before the ano-cycle kicks off again.

[TrueCryptonaire]

For the long haul even 100 usd/xmr is a bargain.
How many of us wants a source of bitcoins for 100 usd/btc?

[newb4now]

If you are a long term bitcoin-holder and believe Monero will do fine in the future (with probability high enough), then the following might suit for you:

1) Put aside the bitcoins you want to sell at the next btc ATH. Consider also how many bitcoins you want to sell for buying back later when the rally is over.
2) All the rest into XMR
3) Enjoy the ride and tell others to join in also. 
4) Become a millionaire, billionaire, trillionaire etc

However, as I said, this is a plan which works the best when everything goes as planned. If everything doesn't go as planned, this is pretty risky business. If Monero fails, the only ones that are going to buy Moneros are those few shorters who happen to have some open positions.

I am a big believer in both BTC and XMR

However I don't think it is ever a good idea to put all your eggs in one or two baskets

Diversification seems like a better approach.