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kurious
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Activity: 2590
Merit: 1643
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April 30, 2017, 05:29:08 PM |
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I think the bitcoin price is more important. It means it is taking more market share from bitcoin.
Depends if you're trading/gambling to try and use alts to build up your bitcoin stash, or investing long term in the overall crypto-currency concept. Pricing in dollars is basically a measure of the total value that *all* crypto, combined, is absorbing from the old-world, dying, fiat-currency global system. Both measurements are important... Ultimately, if you're cashing out - or at least want to know what your stash is actually worth, then USD is what you value it in. If BTC tanks to $500, then it won't matter of the XMR/BTC exchange rate is twice as good, you will end up with less fiat. Until we can all pay our bills in BTC, or (better still) Monero directly - the USD rate does matter and it is still how we work out the 'real world' purchasing power of our XMR. There is no getting away from it - you can pay for some things in BTC now - but is still based upon the rate it converts into fiat. So it IS wise to think in terms of a fiat value. We all put fiat IN at some point to get started, knowing how much we have increased this value if we cashed out is a measure worth knowing. |
我想要火箭和火车
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Febo
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Activity: 2730
Merit: 1288
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April 30, 2017, 06:02:32 PM |
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If you look alts in BTC you should also look BTC in BTC. Pretty stupid to do it selective. |
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smooth (OP)
Legendary
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Activity: 2968
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May 01, 2017, 02:56:15 AM |
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I know its trivial in light of the fact this is a thread about XMR price speculation: but for the record XMR has just smashed the ATH in terms of USD and the buy/sell ratio (while clearly manipulated) looks very healthy, suggesting the next week is going to be extremely positive.
Of course, it could all just be about Risto....
I think the bitcoin price is more important. It means it is taking more market share from bitcoin. Other comments about whether one is investing in (or speculating on) market share or overall crypto success are valid, but I would also say that the concept of market share assumes there is one market. What if Bitcoin and at least some of the others address fundamentally different (or different but only partially overlapping) markets? |
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Nathan047
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May 01, 2017, 02:08:13 PM
Last edit: May 01, 2017, 02:28:54 PM by Nathan047 |
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Well, Monero is currently at 23$ and climbing. Perhaps we are overdue for a pump like Ethereum and DASH got? I sure hope we are.  Monero Price. source: coinmarketcap*Edit: This is a chart of the last 7 days |
I'm starting a technology blog T4CH.top, check it out! |
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LennyCarl
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May 01, 2017, 02:10:37 PM |
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So what's the deal on the bitcoin forkokalypse and coinbase adoption??? It's messing with my plans for the next six months, LOL. I.e.:Huge price pump (BTC'ers move their money to XMR), take money off the table, price subsides, buy back in bigger, wait for the September hard fork, profit big time (and keep hodling a chunk...  ) |
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CTTE
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May 01, 2017, 02:16:52 PM |
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Well, Monero is currently at 23$ and climbing. Perhaps we are overdue for a pump like Ethereum and DASH got? I sure hope we are. Monero Price. source: coinmarketcapThe one problem with charts like this is that without a scale, this is pretty worthless because it could be in 1 minute or 1 week bars/intervals... it would help to know the bar size and the period. |
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Nathan047
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May 01, 2017, 02:30:42 PM |
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Well, Monero is currently at 23$ and climbing. Perhaps we are overdue for a pump like Ethereum and DASH got? I sure hope we are. Monero Price. source: coinmarketcapThe one problem with charts like this is that without a scale, this is pretty worthless because it could be in 1 minute or 1 week bars/intervals... it would help to know the bar size and the period. Whoops, guess that would be pretty useful. I just updated the post to include the timeline of the chart (which is the last 7 days by the way). Perhaps this will clarify things a bit. |
I'm starting a technology blog T4CH.top, check it out! |
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KeyJockey
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May 01, 2017, 03:01:41 PM |
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Other comments about whether one is investing in (or speculating on) market share or overall crypto success are valid, but I would also say that the concept of market share assumes there is one market. What if Bitcoin and at least some of the others address fundamentally different (or different but only partially overlapping) markets?
That's a very good point, and in fact probably IS true and probably also the main reason why my overall percentage of ALTS is much more heavily weighted to Monero than all other coins, besides bitcoin. XMR is probably IMHO the number one most likely alt to have a shot at successfully co-existing with BTC if some day the BTC dominance re-asserts itself (i.e. if the scaling issues are resolved and all the pump money that's gone into alts lately reverts back to the mothership...) In other words, just as XMR has not pumped as much as other alts in these last weird months of Fear & Loathing In Bitcoin Scaling, if this situation turns around I'd expect XMR won't be hurt as much on the way down either. Bitcoin can *NEVER BE* a lot of what Monero already IS and that's not likely to change, ever. Most other altcoins? Not so much... |
- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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May 01, 2017, 03:24:26 PM |
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Bitcoin can *NEVER BE* a lot of what Monero already IS and that's not likely to change, ever. Most other altcoins? Not so much...
There is nothing standing between xmr and it's successor as the primary legitimate fungible digital cash except marketcap. Admittedly overcoming that obstacle can be challenging, but it is a vast, fecund, and competitive space. The sooner we get back in front of ethereum, the less I will worry about the marketcap moat. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Hueristic
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Activity: 3808
Merit: 4898
Doomed to see the future and unable to prevent it
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May 01, 2017, 03:35:48 PM |
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Bitcoin can *NEVER BE* a lot of what Monero already IS and that's not likely to change, ever. Most other altcoins? Not so much...
There is nothing standing between xmr and it's successor as the primary legitimate fungible digital cash except marketcap. Admittedly overcoming that obstacle can be challenging, but it is a vast, fecund, and competitive space. The sooner we get back in front of ethereum, the less I will worry about the marketcap moat. It does make me sick to see a centralized mutable coin prosper as well as pre/instamined scamcoins while XMR's adoption stagnates. I registered a domain back in October to finally start on a project with a XMR frontend but just have not been up to digging into it. Why didn't this exist 20 years ago.  |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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KeyJockey
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May 01, 2017, 03:48:09 PM |
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Why didn't this exist 20 years ago. Oh, man... don't I know it. In the early 90's to just past Y2K I ran a software development business (Windows utility tool) and while I did everything *but* the actual coding (contracted that out to overseas cheaper devs) it was still a high-energy pursuit -- up all day doing tech support and shipping disks etc then up all night doing testing, bug reports for the devs, UI design, help file code, website, etc etc etc Cokes & Snickers to keep going, grab an hour or two of sleep under the desk from maybe 6am to 9am, then back at it day after day month after month... yikes, that's totally a young man's game and I could never handle it again nowadays... LOL Wish I could though... contributing more to the crypto economy now would be great if only I had the energy. Best I can do now I guess is just BUY and HODL as much as I can afford  |
- 1KeyJKVWVxdavKTetDJpQWdUaota5jbtX6 -
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Hueristic
Legendary
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Activity: 3808
Merit: 4898
Doomed to see the future and unable to prevent it
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May 01, 2017, 03:59:06 PM
Last edit: May 01, 2017, 04:38:48 PM by Hueristic |
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Why didn't this exist 20 years ago. Oh, man... don't I know it. In the early 90's to just past Y2K I ran a software development business (Windows utility tool) and while I did everything *but* the actual coding (contracted that out to overseas cheaper devs) it was still a high-energy pursuit -- up all day doing tech support and shipping disks etc then up all night doing testing, bug reports for the devs, UI design, help file code, website, etc etc etc Cokes & Snickers to keep going, grab an hour or two of sleep under the desk from maybe 6am to 9am, then back at it day after day month after month... yikes, that's totally a young man's game and I could never handle it again nowadays... LOL Wish I could though... contributing more to the crypto economy now would be great if only I had the energy. Best I can do now I guess is just BUY and HODL as much as I can afford I hear ya! I designed and oversaw the Y2k response for Cherry Semiconductor (acquired by ON during that period) and it was amusing that everyone said "Damn what was all the fuss about we didn't have any problems" completely missing the point that there were no issues do to our hard work. http://www.onsemi.com/PowerSolutions/newsItem.do?article=66So what's the deal on the bitcoin forkokalypse and coinbase adoption??? It's messing with my plans for the next six months, LOL. I.e.:Huge price pump (BTC'ers move their money to XMR), take money off the table, price subsides, buy back in bigger, wait for the September hard fork, profit big time (and keep hodling a chunk... ) I have no clue atm. Have not had the time to watch the market. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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nioc
Legendary
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Activity: 1624
Merit: 1008
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May 01, 2017, 06:33:58 PM |
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Why didn't this exist 20 years ago. Oh, man... don't I know it. In the early 90's to just past Y2K I ran a software development business (Windows utility tool) and while I did everything *but* the actual coding (contracted that out to overseas cheaper devs) it was still a high-energy pursuit -- up all day doing tech support and shipping disks etc then up all night doing testing, bug reports for the devs, UI design, help file code, website, etc etc etc Cokes & Snickers to keep going, grab an hour or two of sleep under the desk from maybe 6am to 9am, then back at it day after day month after month... yikes, that's totally a young man's game and I could never handle it again nowadays... LOL Wish I could though... contributing more to the crypto economy now would be great if only I had the energy. Best I can do now I guess is just BUY and HODL as much as I can afford I hear ya! I designed and oversaw the Y2k response for Cherry Semiconductor (acquired by ON during that period) and it was amusing that everyone said "Damn what was all the fuss about we didn't have any problems" completely missing the point that there were no issues do to our hard work. http://www.onsemi.com/PowerSolutions/newsItem.do?article=66So what's the deal on the bitcoin forkokalypse and coinbase adoption??? It's messing with my plans for the next six months, LOL. I.e.:Huge price pump (BTC'ers move their money to XMR), take money off the table, price subsides, buy back in bigger, wait for the September hard fork, profit big time (and keep hodling a chunk... ) I have no clue atm. Have not had the time to watch the market. I think you meant to say, due to our hard work. Just catching up here after a few months away. It seems that your posting has improved a bit but you still suck at accumulating.  |
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romanturbo
Newbie
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Activity: 36
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May 01, 2017, 06:45:02 PM |
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is all the money that went to altcoins going back to bitcoin? Massive dump incoming? Will monero resist? Make your bets
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Globb0
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Activity: 2674
Merit: 2053
Free spirit
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May 01, 2017, 07:05:18 PM |
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Actually bitcoin was just threatening a bit of a pullback
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Hueristic
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Activity: 3808
Merit: 4898
Doomed to see the future and unable to prevent it
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May 01, 2017, 07:10:10 PM |
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I got a little @ 155 so that was nice. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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OrangeP
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May 01, 2017, 07:20:46 PM |
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is all the money that went to altcoins going back to bitcoin? Massive dump incoming? Will monero resist? Make your bets
No. The money will flow into altcoins soon enough. Massive dump incoming? Maybe. We'll still be a lot higher than before. Will Monero resist? More than any other coin, yes. |
Hottest Coins: Decred, ZCoin, Waves
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Dotto
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Activity: 981
Merit: 1005
No maps for these territories
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May 01, 2017, 09:54:52 PM |
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*sharpens axe blade*
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charles11
Newbie
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Activity: 27
Merit: 0
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May 01, 2017, 10:32:09 PM |
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Damn, Monero took a pretty big hit the last couple of days. It's still up over the last week in USD terms pretty well, but nothing that impressive compared to the other alts. It's still in the Top 10 and could another mega pump at any time, so I'm holding mine and staying long. Plus anonymous coins are the future and XMR, DASH, and ZEC are the Big 3 right now.
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