alaskabm
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January 07, 2018, 12:11:55 AM |
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Dear Aminorex,
I find your economic analysis around XMR really inspiring and detailed (i made a lot of research around the web but still can't find any better economic analysis). So first of all thank you for sharing. I will now dive into the subject:
Total market cap of crypto is now growing at around 20-30bn per day and I can't figure out how long this could last. At this rate we will reach 2T in no time. At some point this will probably burst and unfortunately affect also XMR since market risk cannot be avoided. From what I understand reading your posts is that these are normal cycles in crypto that repeat over time. My concern is that this time the dimensions are way bigger in relation to time, we went from total market cap of 200bn to 800bn in 3 months. I'm not saying that the market will crash at 2T as you can hear many people making comparisons with the market cap of Gold which is around 6T. What scares me is that all crypto shitty coins are growing 10x and people are buying into them without even knowing the name of the coin. I can't figure out for how long this game of hot potato will last. I am trying to understand who are the last people getting in that will get burnt, right now even average Joe is buying into crypto after hearing about Bitcoin, Litecoin, Ripple and Tron spectacular returns. Average Joe is also greedy and stupid but not dumb so he buys into coins that have very low prices without looking at the market cap and circulating supply. He goes on Binance (slightly more sophisticated average Joe) and buys the low priced ones. He hopes that tomorrow another average Joe is willing to buy at a higher price. At some point the game ends since tomorrow there are no more buyers.
Is there any analysis that could be made to understand how many more average Joes are still left out that want to join?
How are institutional investors playing the game now? How is smart money playing the game?
From the rumours ETFs could come out soon so that could bring even more liquidity to the market and could possibly delay the bubble burst, is this the temporary solution to more liquidity?
Anyone can feel free to answer my questions.
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canonsburg
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January 07, 2018, 12:22:27 AM |
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A nice little pump going on...
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aannnttoo
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January 07, 2018, 12:31:21 AM |
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A lot of top cryptocurrencies will roll out some major features in the coming weeks and months. In the case of Monero, a lot of exciting developments are on the horizon for 2018. Although there is no official timeline for some of these developments, certain features and integrations have been in development for several months.
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cAPSLOCK
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Activity: 4158
Merit: 6477
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January 07, 2018, 12:31:42 AM |
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A nice little pump going on...
Yeah. What was that?!?!  |
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owlcatz
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Activity: 4102
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January 07, 2018, 12:38:38 AM |
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Here we go people... The final move to $500+....  |
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explorer
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January 07, 2018, 12:47:58 AM |
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Here we go people... The final move to $500+.... Or, just to $420, followed by a bit of a nap... Thus far, one anomalous 10k green 30 min candle. |
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owlcatz
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January 07, 2018, 12:57:53 AM |
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Here we go people... The final move to $500+.... Or, just to $420, followed by a bit of a nap... Thus far, one anomalous 10k green 30 min candle. Hey, well, wishful thinking is a good thing too!? ... We'll get there eventually!  |
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cAPSLOCK
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Activity: 4158
Merit: 6477
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January 07, 2018, 01:17:15 AM |
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Here we go people... The final move to $500+.... Or, just to $420, followed by a bit of a nap... Thus far, one anomalous 10k green 30 min candle. I dunno. Korea and XMR futures are heating up a little. Something feels a little special to me right now. |
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Febo
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January 07, 2018, 01:53:05 AM |
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A nice little pump going on...
Yeah. What was that?!?! On december 21th whole crypto marketcap was $650b and now is $820b. That is +30% from day when was Monero at ATH and lots other coins at that time. Monero is just catching up. |
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explorer
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January 07, 2018, 03:15:09 AM
Last edit: January 07, 2018, 04:53:48 AM by explorer |
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Here we go people... The final move to $500+.... Or, just to $420, followed by a bit of a nap... Thus far, one anomalous 10k green 30 min candle. I dunno. Korea and XMR futures are heating up a little. Something feels a little special to me right now. I checked everywhere fast as I could, but alas, no news. Rumors are always better anyway... Anyone got any? Western price $420. Bithumb $620, peaked 644 so far. Getting close to the $717 they hit in December. |
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smooth (OP)
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January 07, 2018, 05:15:14 AM |
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ZEC also up about 50% so clearly something driving money into the privacy coins.
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xxbtcxxx
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January 07, 2018, 07:29:09 AM |
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I love you monero .d
thank you korea
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KiXiNiT
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January 07, 2018, 08:22:29 AM |
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Why does CMC still allow bithumb, skews the actual prices way too much
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daveon
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January 07, 2018, 02:09:39 PM |
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I was going to arbitrage XMR on Bithumb then I realized that BTC on Bithumb is $23500.  |
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Hueristic
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Doomed to see the future and unable to prevent it
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January 07, 2018, 02:49:22 PM |
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Call a spade a spade. The fact that we have healthy enough governance to routinely hard fork is amiable. We should pronounce it proudly. Call it a routine hard fork.
People are just basically idiots there is nothing we can do about it but dumb things down. I don't understand what you are saying... ELI5? Feel like that is too advanced for many--maybe a ELI3-6months. ZEC also up about 50% so clearly something driving money into the privacy coins.
I know several - well, three - hedgies that were suckered into ZEC. Seeing transactions unwound right in front of them wasn't enough to derail their unquestioning faith in mossad math and zooko "theranos" wilcoxism. You guys crack me up, love to read this thread when I get up!  Was going to grab some yesterday before spike but coinbase still hosing me. Wonder how long till the next dip? |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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explorer
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January 07, 2018, 03:01:50 PM |
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Wonder how long till the next dip?
The one to $650? Soon enough. It will be tough watching the quad digits slip away, but buy that dip, and we'll be back again before you know it!  |
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ArticMine
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Monero Core Team
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January 07, 2018, 04:22:28 PM
Last edit: January 07, 2018, 04:33:32 PM by ArticMine |
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I was going to arbitrage XMR on Bithumb then I realized that BTC on Bithumb is $23500. The only effective arbitrage I can see here is via USD/KRW; however this must be heavily regulated in South Korea creating effective foreign exchange controls. Otherwise this arbitrage would have been done a long time ago. It is USD/KRW that is out of whack here. Edit 1: The non KRW price should be considered the true free market price here. Edit 2: If effective foreign exchange controls is not the issue, then there is something seriously not right at Bithunb with KRW fiat withdrawals. |
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cAPSLOCK
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January 07, 2018, 04:43:16 PM |
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I was going to arbitrage XMR on Bithumb then I realized that BTC on Bithumb is $23500. The only effective arbitrage I can see here is via USD/KRW; however this must be heavily regulated in South Korea creating effective foreign exchange controls. Otherwise this arbitrage would have been done a long time ago. It is USD/KRW that is out of whack here. Edit 1: The non KRW price should be considered the true free market price here. Edit 2: If effective foreign exchange controls is not the issue, there is something seriously not right at Bithunb with KRW fiat withdrawals. I certainly agree that we should not expect the Korean exchanges to be a good representative of the free market price. On the other hand I have been noticing a tendency for some rallies to be frontrun a little by Korean action. However, this is more gut than due diligence. |
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