Anon136
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April 22, 2015, 07:08:38 PM |
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Ill grant you something dreamspark. The capacity to absorb a given level of inflation is a really great way to think about valuation. Its something of a much needed anchor point in a world where nothing is really real. I love crypto, it is many things, but real isn't one of them.
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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Wekkel
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yes
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April 22, 2015, 07:38:34 PM |
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Sitting tight is the thing you need, which most lack.
"The waiting is the hardest part" - Tom Petty
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rpietila
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April 22, 2015, 07:49:27 PM |
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I'd guess that it could hold 150 BTC daily inflation for under 10 days before the selling pressure becomes overwhelming.
$30,000... IF there wasn't the scenario of Monero becoming a monetary system for 10,000,000s of people at minimum, with the corresponding rise to $10,000/XMR or more, I would not be spending my time on it! Your thinking may hold true as long as nothing changes, but something needs to change in order to realize the vision.
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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saddambitcoin
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April 22, 2015, 09:07:26 PM Last edit: April 22, 2015, 10:24:37 PM by saddambitcoin |
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I have to confess I have been selling some of my stash over the past few days. Why? Because I had about >95% of my total worth in XMR, which I know is an insane proportion. I still have a comfortable amount of XMR. I held for so long at a loss during last August-December, never selling a single XMR and buying more instead. I can't endure that again, so the opportunity to temporarily exit some of my position while I'm still above water is why. I am about to attend a coding bootcamp for 18 weeks and will have no income during this time, so I can't take that much risk. Anyway, I will be seeking to apply knowledge as a developer and I plan to contribute more in the future beyond just buying & using XMR. Why did I post this? So you know it's not some botnet miner dumping coins. Just life happening to someone that is very enthusiastic about Monero. Carry on. Edit: For reference, I am done selling XMR. Doesn't matter where the price goes, I hold what I have now.
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wpalczynski
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April 22, 2015, 09:25:15 PM |
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I have to confess I have been selling some of my stash over the past few days. Why? Because I had about >95% of my total worth in XMR, which I know is an insane proportion. I still have a comfortable amount of XMR. I held for so long at a loss during last August-December, never selling a single XMR and buying more instead. I can't endure that again, so the opportunity to temporarily exit some of my position while I'm still above water is why. I am about to attend a coding bootcamp for 18 weeks and will have no income during this time, so I can't take that much risk. Anyway, I will be seeking to apply knowledge as a developer and I plan to contribute more in the future beyond just buying & using XMR. Why did I post this? So you know it's not some botnet miner dumping coins. Just life happening to someone that is very enthusiastic about Monero. Carry on. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Many of us are in the same boat as you. Its always better to redistribute a bit after making nice gains IMHO.
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smooth (OP)
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April 22, 2015, 09:29:46 PM |
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I have to confess I have been selling some of my stash over the past few days. Why? Because I had about >95% of my total worth in XMR, which I know is an insane proportion. I still have a comfortable amount of XMR. I held for so long at a loss during last August-December, never selling a single XMR and buying more instead. I can't endure that again, so the opportunity to temporarily exit some of my position while I'm still above water is why. I am about to attend a coding bootcamp for 18 weeks and will have no income during this time, so I can't take that much risk. Anyway, I will be seeking to apply knowledge as a developer and I plan to contribute more in the future beyond just buying & using XMR. Why did I post this? So you know it's not some botnet miner dumping coins. Just life happening to someone that is very enthusiastic about Monero. Carry on. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Rebalance, get comfortable with a position that allows you to sleep at night, and take care of your personal career, etc. needs. Monero will still be here later when you have income, and if it isn't, then you didn't miss anything. Plus as you said there are more ways to contribute than just buying.
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saddambitcoin
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April 22, 2015, 10:01:47 PM |
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Thanks for the support. If others are also feeling the same way, it must mean that we are getting close to the point where nobody sells anymore coins (unless they do so for a loss, which is unfortunate but also possible).
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Johnny Mnemonic
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April 22, 2015, 10:19:33 PM |
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Ill grant you something dreamspark. The capacity to absorb a given level of inflation is a really great way to think about valuation. Its something of a much needed anchor point in a world where nothing is really real. I love crypto, it is many things, but real isn't one of them.
I suppose that depends on your definition of "real." If you see money as a representation of output (work, GDP, whatever), then crypto is as real as anything else in this universe.
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jehst
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April 22, 2015, 10:25:15 PM |
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I never felt the need to sell any moneroj, I just want to see what TPTB will do with a totally untraceable and resilient true first electronic currency. Bitcoin is good but plays too close to their interests (lack of privacy and fungibility) we can't be the only ones interested in that, e-cash was a long dreamed achievement.
They'll use it to store their slush funds and bribe money while publicly issuing concern about illicit use.
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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jehst
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April 22, 2015, 10:49:10 PM |
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I never felt the need to sell any moneroj, I just want to see what TPTB will do with a totally untraceable and resilient true first electronic currency. Bitcoin is good but plays too close to their interests (lack of privacy and fungibility) we can't be the only ones interested in that, e-cash was a long dreamed achievement.
They'll use it to store their slush funds and bribe money while publicly issuing concern about illicit use. and mostly likely we'll never be able to prove ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) ( ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ) That reminds me of the Bourne films. In the beginning, Bourne looks into his bag and sees that he has tons of cash. He checks bank deposit boxes all around Europe and has more cash. Of course, this would be much more efficient with untraceable cryptocurrency. In 2030 spy thriller films, I think we'll see a scene with someone using XMR. And we can sit back and think: "I was there in 2014 chatting with smooth and fluffypony when this was being developed."
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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smooth (OP)
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April 22, 2015, 11:18:27 PM |
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It is unlikely that the dark sector can eclipse the transparent sector in regards to global adoption, and right now there is no logical reason as to why Monero would drop the ball as the de facto leader in the dark sector.
I don't know, in the non-crypto world there is pretty good evidence for the underground economy, defined broadly (but in such a way that Bitcoin's full- or near-full transparency is neither useful nor desired), being extremely large. Much of that at some point, along with portions of the entirely-above-ground economy, could conceivably move to Monero. In recent literature on the informal economy, System D has become a shorthand name for the growing share of the world's economy which makes up the underground economy, which as of 2011 has a projected GDP of $10 trillion.
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dreamspark
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April 23, 2015, 12:40:54 AM |
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I'd guess that it could hold 150 BTC daily inflation for under 10 days before the selling pressure becomes overwhelming.
$30,000... IF there wasn't the scenario of Monero becoming a monetary system for 10,000,000s of people at minimum, with the corresponding rise to $10,000/XMR or more, I would not be spending my time on it! Your thinking may hold true as long as nothing changes, but something needs to change in order to realize the vision. There is the scenario there of course, but right now/in the near future I'm not so sure. Most people see this as just another alt coin that will see no real world use. To be fair why wouldn't they? There is always new innovation, new ways of doing the same thing that are better. I firmly believe (maybe wrongly) that there will be a coin that grabs my attention on the privacy/anon front just as hard as XMR did in the near future. NO alt can ever replace btc's first mover advantage and network effect in this capacity. We are so young in the space of crypto that it would be naive to think that a coin that is born around this time will ever be in use or the best choice in years to come.
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dreamspark
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April 23, 2015, 12:53:43 AM |
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tl;dr: "I SOLD" ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) don't worry at this point sell offs are a necessary step, Monero is maturing ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) so you better dump, "its just another altcoin" something better will appear tomorrow or next year... I'm not sure why you keep butting into general speculation talk with injections that are just pure trolling, this is twice in the last week that you've tried to place me in a certain market position based upon 0 knowledge. I've said for the past fucking year that I have a big bag of XMR and only trade with a very small percentage of it. I'd appreciate it if you stopped with the childishness. In regards to your "just another altcoin" quote, maybe if you quoted me in full "MOST PEOPLE (not necessarily I ) think this is just another altcoin" there might even be some context to your post.
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jehst
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April 23, 2015, 01:17:03 AM |
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tl;dr: "I SOLD" ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) don't worry at this point sell offs are a necessary step, Monero is maturing ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) so you better dump, "its just another altcoin" something better will appear tomorrow or next year... I'm not sure why you keep butting into general speculation talk with injections that are just pure trolling, this is twice in the last week that you've tried to place me in a certain market position based upon 0 knowledge. I've said for the past fucking year that I have a big bag of XMR and only trade with a very small percentage of it. I'd appreciate it if you stopped with the childishness. In regards to your "just another altcoin" quote, maybe if you quoted me in full "MOST PEOPLE (not necessarily I ) think this is just another altcoin" there might even be some context to your post. I'm sorry if my comment rubbed you in the wrong way ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FkNCc97M.gif&t=665&c=ipqr8BrvN1oAdQ) You also said I must be holding DRK because I said DRK probably isn't crashing to its death. I agree with dreamspark that this line of reasoning is a bit annoying. Yes, it's reasonable to assume that someone is bearish when they talk bearish or bullish when they talk bullish. If people are putting their money where their mouths are, then their posts may reflect their positions. We don't need to constantly remind each other of that fact. And it's not necessarily a bad thing. I prefer this circumstance to one where trolls are just yelling "BUY!" or "SELL!"
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Year 2021 Bitcoin Supply: ~90% mined Supply Inflation: <1.8%
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0nlyBTC
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April 23, 2015, 05:18:30 AM |
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Oh buddy what happened to the moneroj price?
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mmortal03
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April 23, 2015, 07:33:10 AM |
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XMR's real economy is driven mostly by Crypto-Kingdom.
I've had a hunch (purely speculation) that some of the recent upswing was driven by individuals mixing (potentially stolen) BTC from recent scams/hacks through multiple anonymous altcoins. Bytecoin's marketcap went up substantially, then Monero's, then Dash's (not necessarily in that order).
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macsga
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Strange, yet attractive.
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April 23, 2015, 07:56:08 AM |
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XMR's real economy is driven mostly by Crypto-Kingdom.
I've had a hunch (purely speculation) that some of the recent upswing was driven by individuals mixing (potentially stolen) BTC from recent scams/hacks through multiple anonymous altcoins. Bytecoin's marketcap went up substantially, then Monero's, then Dash's (not necessarily in that order). Crypto-Kingdom is a significant parameter, but you ought to admit that XMR has a soul of itself. Look at the community, devteam, missives and perspective so far. No other alt-coin has had so much progress in so little time. Sure there's a strong userbase of individuals belonging to the primary BTC adopters but that couldn't say anything really. How many of us possess DOGE or LTC for example? Plus, if I may, I see great similarities with the price fluctuations in the early years of BTC. That means nothing of course, but it could mean a lot when you see it as a primary paradigm. History tends to repeat itself; when you least expect it. We must be ready for such a contingency; also as for the contrary as well. As I frequently wrote around this thread: "Own as much as you don't regret it" (for both possibilities) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Chaos could be a form of intelligence we cannot yet understand its complexity.
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generalizethis
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Facts are more efficient than fud
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April 23, 2015, 08:53:58 AM |
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XMR's real economy is driven mostly by Crypto-Kingdom.
I've had a hunch (purely speculation) that some of the recent upswing was driven by individuals mixing (potentially stolen) BTC from recent scams/hacks through multiple anonymous altcoins. Bytecoin's marketcap went up substantially, then Monero's, then Dash's (not necessarily in that order). Crypto-Kingdom is a significant parameter, but you ought to admit that XMR has a soul of itself. Look at the community, devteam, missives and perspective so far. No other alt-coin has had so much progress in so little time. Sure there's a strong userbase of individuals belonging to the primary BTC adopters but that couldn't say anything really. How many of us possess DOGE or LTC for example? Plus, if I may, I see great similarities with the price fluctuations in the early years of BTC. That means nothing of course, but it could mean a lot when you see it as a primary paradigm. History tends to repeat itself; when you least expect it. We must be ready for such a contingency; also as for the contrary as well. As I frequently wrote around this thread: "Own as much as you don't regret it" (for both possibilities) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) That's the best summation I've found.
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kenji
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April 23, 2015, 10:03:27 AM |
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mhh thinking about to sell all my moneroj. It looks like dash will become the leader of anon
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QuantumQrack
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April 23, 2015, 10:08:49 AM |
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mhh thinking about to sell all my moneroj. It looks like dash will become the leader of anon I'll take it, please PM.
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