[XMR] Monero Speculation

[Febo]

He meant market cap of course

There are 166,526,647,893 bytecoins worth 3 satoshi each.
There are 5,058,851 moneroj worth 109155 satoshi each.

Bytecoin market cap is totally not realistic exactly because of this:

.., because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

Is like i would have 100 apples and keep 95 and place 5 slovly on sale one by one. There would be few hungry and wiling to pay nice price for that apple. But no way there would be 100 people need apple. If i multiply that apple price with my 100 i would look rich.



What rdnkjdi said is just lol. Not worth to quote.

[1713994822]

1713994822

[1713994822]

1713994822

[OrientA]

If Bytecoin team dumps their coins, price will be even lower.

[wachtwoord]

BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.

Smartest thing I've heard you say in a month. Welcome back.

Exactly

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

[nioc]

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

IMO there doesn't seem to be consensus in the community and being that a vote hasn't taken place is indicative of that. 

There is not support within the core team for changing the emission.


I would be ok with any outcome.  I came for the privacy and stayed because of the core team and the community.

[smooth]

I dont understand what is wrong with BCN (apart from no one talking about it on this forum). It is not listed as premined on coinmarketcap

It was a "secret" (aka ninja) premine so coinmarketcap can't really list it as a premine. Scam in any case.

https://bitcointalk.org/index.php?topic=740112.0

[smooth]

BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.

Smartest thing I've heard you say in a month. Welcome back.

Exactly

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

Its not going to happen.

[jehst]

BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.

Smartest thing I've heard you say in a month. Welcome back.

Exactly

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

Its not going to happen.

Great. Why didn't you say so earlier? I'd be buying more.

[dEBRUYNE]

BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.

Smartest thing I've heard you say in a month. Welcome back.

Exactly

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

Nothing has been decided yet AFAIK. I think it's hard to find a consensus on such a thing, so it will probably not be changed.

PS: This is just my personal opinion.

[rpietila]

BCN price is easier to keep propped up, because it is doubtful that more than 5% of the supply has ever been in the hands of the public (others than the BCN team).

XMR is more subject to market forces, since the number of people holding more than 1% of the XMR is rather large, and any one of them may decide to call it quits and dump. Similarly the existing, or new, people can buy. Trying to either suppress or pump the price in this environment are losing propositions.

Smartest thing I've heard you say in a month. Welcome back.

Exactly

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

Nothing has been decided yet AFAIK. I think it's hard to find a consensus on such a thing, so it will probably not be changed.

PS: This is just my personal opinion.

The MEW executives, the largest voteholders, and the core team members, have been searching for a concensus for quite a long time now. Since such has not been reached, there is no realistic alternative to leaving the emission just as it is now. This is also enjoying the greatest support of all alternatives, so we can safely say that it is the best choice as well.

[DonYo]

Exactly

Anyway, I have been really busy lately, whatever has come out of the discussion to change the mining rate of Monero?

Its not going to happen.

Oh great!
I'm really glad to read it

[Shrikez]

It's pretty impressive that Monero is almost down to the same price as Bytecoin.  I'd say it was a bullish indicator but looking at the pattern on the order book I think people are going to keep dumping.

What am I missing? Last time I checked (5 minutes ago) the price of Bytecoin was 2 satoshi. https://poloniex.com/exchange/btc_bcn

He meant market cap of course

There are 166,526,647,893 bytecoins worth 3 satoshi each.
There are 5,058,851 moneroj worth 109155 satoshi each.

Because of the reasons already stated by others above I don't even take into consideration BCN's market cap.

Currently it is, by all parameters that are of interest for me, a dead coin. YMMV.

[wpalczynski]

Well it looks like we found the bottom at just under 0.0011.  With emission steadily declining I think we will slowly creep up from here.

[TrueCryptonaire]

Well it looks like we found the bottom at just under 0.0011.  With emission steadily declining I think we will slowly creep up from here.

I disagree.
In 1-2 weeks we are probably sub 0.001 levels.
The longer we stay in lo wnumbers the larger percentage are the whales able to aqcuire and thus even smallish increase in price will pump the coin quite high.

[wpalczynski]

Im not sure what you mean by a smallish increase in price pumping the coin quite high?

Well it looks like we found the bottom at just under 0.0011.  With emission steadily declining I think we will slowly creep up from here.

I disagree.
In 1-2 weeks we are probably sub 0.001 levels.
The longer we stay in lo wnumbers the larger percentage are the whales able to aqcuire and thus even smallish increase in price will pump the coin quite high.

[smooth]

I think he meant small increase in demand

Im not sure what you mean by a smallish increase in price pumping the coin quite high?

Well it looks like we found the bottom at just under 0.0011.  With emission steadily declining I think we will slowly creep up from here.

I disagree.
In 1-2 weeks we are probably sub 0.001 levels.
The longer we stay in lo wnumbers the larger percentage are the whales able to aqcuire and thus even smallish increase in price will pump the coin quite high.

[TrueCryptonaire]

Im not sure what you mean by a smallish increase in price pumping the coin quite high?

Well it looks like we found the bottom at just under 0.0011.  With emission steadily declining I think we will slowly creep up from here.

I disagree.
In 1-2 weeks we are probably sub 0.001 levels.
The longer we stay in lo wnumbers the larger percentage are the whales able to aqcuire and thus even smallish increase in price will pump the coin quite high.

The longer whales are able to spend only small amounts of money for absorbing the coins mined, the more those coins are cold-stored and thus out of the use of markets at current levels. When the emission has declined only into much lower levels, you do not need that much money to buy the emission at current level and then only smallish increase in the demand of the coin will bring it to astronomical levels.

Also the more the whales own the coins, the more they have incentive to shoot it out of skies into extra-terrestial levels.
Now we just need patience and not getting fooled by short term pumps. The big pump which comes when the emission is much lower, will give the new pricing to Monero assuming that everything goes as planned.


There is no point in spending much money into the pumping of the coin artificially.

[wpalczynski]

Ahhh, i see what you meant.  Anyone have link to emission chart or spreadsheet that risto posted a while back handy?

Im not sure what you mean by a smallish increase in price pumping the coin quite high?

Well it looks like we found the bottom at just under 0.0011.  With emission steadily declining I think we will slowly creep up from here.

I disagree.
In 1-2 weeks we are probably sub 0.001 levels.
The longer we stay in lo wnumbers the larger percentage are the whales able to aqcuire and thus even smallish increase in price will pump the coin quite high.

The longer whales are able to spend only small amounts of money for absorbing the coins mined, the more those coins are cold-stored and thus out of the use of markets at current levels. When the emission has declined only into much lower levels, you do not need that much money to buy the emission at current level and then only smallish increase in the demand of the coin will bring it to astronomical levels.

Also the more the whales own the coins, the more they have incentive to shoot it out of skies into extra-terrestial levels.
Now we just need patience and not getting fooled by short term pumps. The big pump which comes when the emission is much lower, will give the new pricing to Monero assuming that everything goes as planned.


There is no point in spending much money into the pumping of the coin artificially.

[nioc]

I have this graph handy......

https://bitcointalk.org/index.php?topic=597878.msg7202538#msg7202538

[GreekBitcoin]

Ahhh, i see what you meant.  Anyone have link to emission chart or spreadsheet that risto posted a while back handy?

https://bitcointalk.org/index.php?topic=702140.msg8106443#msg8106443

Today mining creates about 7000 less monero per day than in the start.

[TrueCryptonaire]

I think it is realistic to waite small growth during Q3 and Q4 2015.
2016 we might see growth definetely and 2017=> we might see astronomical growth.

This is of course if everything goes as we want.
2015 is a good time to accumulate IMO. Make a good plan:

If you plan to invest 10 000 USD in Monero next year, divide it by 365 and simply buy daily 27 USD worth of Moneros. Thus you will minimize the risk of buying too early and experiencing the big dumps (of course even with this strategy most likely you will face dumps but it doesn't feel that bad if you do a diversification in terms of time vs. you buy 10 000 USD worth of Moneros in a heart beat).
The pumps during these days of high emission helps only the miners who dumps without interest to hold the coins any longer period.

Personally I have been able to not to buy coins by paying my bills ahead (I have paid already rent until Feb 28, 2015 + I have downloaded my prepaid Mastercard attached my student card with cash so basically I am covered for a couple of months ahead even if I do not have any income).
This fore-running in bills helps me to avoid buying Moneros too fast these days as the emission is still too high for driving the price up. However, this strategy helps me to start accumulating as soon as I see it a good time to start.

Monero is a marathon - not 100 meter sprint.