[XMR] Monero Speculation

[child_harold]

im sorry - gotta ask

is this for real?

all this pumping into a coin without a stable db or official wallet?
no hook ins to exiting btc commerce systems… youd have to start again with API's etc

users experiencing all kinds of issues…

a PoW coin… (look at BTC)

wow!

so much faith in an unproven system… WHY?

what dont i know?

thanks

[1713486442]

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[1713486442]

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[1713486442]

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[Hueristic]

im sorry - gotta ask

is this for real?

all this pumping into a coin without a stable db or official wallet?
no hook ins to exiting btc commerce systems… youd have to start again with API's etc

users experiencing all kinds of issues…

a PoW coin… (look at BTC)

wow!

so much faith in an unproven system… WHY?

what dont i know?

thanks

[binaryFate]

is this for real?

Can we get a variant of the "is it true" mug?

[farfiman]

im sorry - gotta ask
....
what dont i know?

thanks

My question is why do supporters of other coins come to troll here continuously....

[TrueCryptonaire]

The main challenge for 2015 is to get services/goods for sale in XMR to increase the value of the coin.
When there are merchants like Risto's Crypto Kingndom the marketcap of the coin rises due to the rise of demand for Moneros.
Monero is useful when it can be spent on merchants and when merchants are not dumping coins it allows the marketcap to rise.
Hence, people are able to demand more Moneros as they have places to spend them. For example, if I normally buy 1000 XMR a month (like average people do at current rates) for a store of value purpose only. If I know I am able to purchase something I need with Moneros I will buy more Moneros (over 1000 xmr/mo) and if the merchants will not dump the coins back to the markets immediately (or dumps only partially), it means the coin gets more value in marketcap- and pricewise.  

[rpietila]

I would urge everyone to limit their holdings.  Excessive concentration of ownership will damage the upside.  At some point, if you own too much, it will be worth less than if you owned a lesser amount.  Set a modest target.  Once it is reached, invest your time and money into building the technology, the economy, and public awareness, rather than in owning more of the supply.  It will pay you back better.

i.o.w: "Follow me!"

 

[Shrikez]

im sorry - gotta ask

what dont i know?

thanks

It's not about what you don't now. It's about what you don't feel or see. It's about your lack of perception and instinct.

I suck at economics and cryptography. I am not a particularly bright fellow. I need to follow my guts.

XMR as the sum of parameters I value feels good to me.

The community is inspiring. Pragmatism and passion are in equilibrium. There are many I am happy to learn from.

The developer's 'like it or not, we believe we do the right thing. It's your call' attitude resonates with me.
The part of the tech I understand seems to be sound. As for the part I don't understand I have faith in the opinion of people I feel deserve that trust.

I don't care about the ease of use nor do I feel the urgency for quick gains or shiny interfaces. These things are not important now. They will happen in due time.


But you don't really care, do you? Just a troll with a pretty make up asking fake questions.

[child_harold]

im sorry - gotta ask
....
what dont i know?

thanks

My question is why do supporters of other coins come to troll here continuously....

I hold only 2 coins. This is one of them.

I realise what i asked (the way i asked it) sounds like FUD, but the sentiment was genuine.
Admittedly the other coin I hold is ShadowCash. It just released a ZK anon wallet, has a stable db and a GUI wallet.

And yet the action is here atm… quite baffling

It seems as if XMR is either poised to be the next Bitcoin… or not… looking thru threads and reading posts it seems as if there is still a ways to go… but I'm out of the loop.

EDIT: the price is still very low so none of my comments mean shit really

[brg444]

I understand it might be too soon because of utility concerns but has Monero at least caught any eyes or interest in SR-type business circles?

[damashup]

I would urge everyone to limit their holdings.  Excessive concentration of ownership will damage the upside.  At some point, if you own too much, it will be worth less than if you owned a lesser amount.  Set a modest target.  Once it is reached, invest your time and money into building the technology, the economy, and public awareness, rather than in owning more of the supply.  It will pay you back better.

I have placed a strict limit on my holdings (the exact amount of which I will keep private) for this reason.  I can't compel you to behave rationally (although I would if I could), but I can urge you to be enlightened in your self-interested behaviour.

A bit like the magic penny song... https://www.youtube.com/watch?v=IclFQj4l3F0

[ArticMine]

I would urge everyone to limit their holdings.  Excessive concentration of ownership will damage the upside.  At some point, if you own too much, it will be worth less than if you owned a lesser amount.  Set a modest target.  Once it is reached, invest your time and money into building the technology, the economy, and public awareness, rather than in owning more of the supply.  It will pay you back better.

i.o.w: "Follow me!"

 

An interesting statistic is the ratio of 24 hour volume to market cap. It is an indicator on how tightly a coin is held. Monero actually does very well in this area indicating a very high level of market liquidity compared to market cap. Dodgecoin and Litecoin do well while Ripple on the other hand does poorly. The data below is a recent snapshot from http://coinmarketcap.com/ sorted by the ratio of Volume(24h)/Market Cap for the top 20 coins / assets.

Code:

# Name Market Cap Price Available Supply Volume(24h) Volume(24h)/Market Cap
20 BlackCoin $2,247,569.00 $0.03 74,744,050 BC * $82,650.00 3.68%
19 Monero $2,784,287.00 $0.51 5,444,398 XMR $86,019.00 3.09%
8 Dogecoin $17,510,918.00 $0.00 97,161,427,246 DOGE $322,547.00 1.84%
4 Litecoin $94,786,023.00 $2.70 35,144,854 LTC $1,440,280.00 1.52%
17 YbCoin $3,372,810.00 $1.12 3,000,000 YBC $37,575.00 1.11%
12 Darkcoin $9,639,896.00 $1.93 4,989,646 DRK $53,490.00 0.55%
10 Peercoin $12,808,240.00 $0.58 21,975,041 PPC $67,589.00 0.53%
7 Stellar $19,747,229.00 $0.01 3,555,701,575 STR * $98,884.00 0.50%
3 PayCoin $160,734,128.00 $13.04 12,325,670 XPY ** $653,151.00 0.41%
1 Bitcoin $4,289,544,196.00 $313.95 13,663,275 BTC $12,129,900.00 0.28%
5 BitShares $39,833,689.00 $0.02 2,497,973,773 BTS * $111,837.00 0.28%
18 BanxShares $2,923,720.00 $1.13 2,586,882 BANX * $7,376.00 0.25%
16 NuShares $3,627,758.00 $0.01 606,243,006 NSR * $6,501.00 0.18%
2 Ripple $750,007,081.00 $0.02 30,978,075,200 XRP * $1,266,230.00 0.17%
13 Namecoin $7,530,894.00 $0.71 10,579,000 NMC $10,988.00 0.15%
9 Nxt $16,736,951.00 $0.02 999,997,096 NXT * $23,517.00 0.14%
15 SuperNET $3,802,722.00 $4.66 816,061 UNITY * $4,625.00 0.12%
14 FuelCoin $5,458,214.00 $0.05 100,165,423 FC2 ** $5,197.00 0.10%
6 MaidSafeCoin $23,874,493.00 $0.05 452,552,412 MAID * $15,599.00 0.07%
11 Counterparty $11,331,877.00 $4.28 2,646,621 XCP * $4,507.00 0.04%

[TrueCryptonaire]

Is Monero's short term price outlook getting as obscure as Monero's transactions?  

Time to jump out of the cliff? 

[aminorex]

I would urge everyone to limit their holdings.  Excessive concentration of ownership will damage the upside.

This is no doubt true. Do you have any suggestions on some appropriate numbers though?

18.6k would be .1% of the long-term supply.  I would not fault anyone for owning that much.  1000 enthusiasts would, conceivably, suffice to build an economy, which would disperse ownership as others became involved.  

Anyhow, as long as price is under downward pressure, you should not feel guilty (or foolish) for buying too much, no matter how much you own.  You can always sell it later, at a BTC profit, when price is trending up, if you think it is wise to reduce your holdings to aid dispersion.

[rangedriver]

Time to jump out of the cliff? 

I just love it when someone fucks up a saying.

[TrueCryptonaire]

Time to jump out of the cliff? 

I just love it when someone fucks up a saying.

Yes it was a bit sarcastic.

[child_harold]

Time to jump out of the cliff?  

I just love it when someone fucks up a saying.

actually that is a saying what i come from.

apologies

[jehst]

A sustained rally in any non-scam/IPO premine coin is not possible unless bitcoin is also rallying. That goes for LTC, DOGE, NMC, and XMR. None of them will reach even half of their all-time highs unless bitcoin rallies.

[tokeweed]

im sorry - gotta ask
....
what dont i know?

thanks

My question is why do supporters of other coins come to troll here continuously....

I hold only 2 coins. This is one of them.

Admittedly the other coin I hold is ShadowCash.

bolded statement makes me wanna dump xmr tbh.

[tokeweed]

Is Monero's short term price outlook getting as obscure as Monero's transactions?  

Time to jump out of the cliff? 

pattern of XMR makes me think it's in limbo.  give it a few more days, it will be an easy "sell/stay away for now", or a "buy/hold" decision.  hope it's the latter.

[cloverme]

Is Monero's short term price outlook getting as obscure as Monero's transactions?  

Time to jump out of the cliff? 

pattern of XMR makes me think it's in limbo.  give it a few more days, it will be an easy "sell/stay away for now", or a "buy/hold" decision.  hope it's the latter.

It's probably due for another small correction soon as the profit-takers are probably looking to re-position themselves. I don't think we will get back to September or mid-june prices at any point soon.  The only thing going for it is that it's starting to be used in the dark corners of the internet now as an alternative to darkcoin.