Ninjastic
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Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
ArticMine
on 11/01/2015, 22:17:40 UTC
Quote from: pa on January 11, 2015, 06:32:57 PM
Quote from: ArticMine on January 11, 2015, 06:27:45 PM
Quote from: pa on January 11, 2015, 06:12:35 PM
Quote from: rpietila on January 11, 2015, 04:54:46 PM
Quote from: e-coinomist on January 11, 2015, 04:08:09 PM
Quote from: Wekkel on January 11, 2015, 03:39:57 PM
Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.
Not seen that in 2014. More of the opposite.

Bitcoinland is only 6 years old, and the current period of not reaching new heights cannot be even called "unprecedented", because we've already had a longer one. The statistical models such as the exponential trendline start to lose their value when their R^2 is not any more the largest of the models in existence.This may happen during 2015, let's see.

What do you think of sgbett's $560k thread (https://bitcointalk.org/index.php?topic=800330.0) ? What would happen to XMRBTC in such a scenario?

If XMR on its own accord does not do anything out of the ordinary I would expect a spike to over 0.01 XBT and possibly even as high as 0.10 XBT under such a scenario, just based on the performance of other alt-coins is past. Here are some examples: http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime, http://www.cryptocoincharts.info/pair/nmc/btc/btc-e/alltime. That would place XMR/USD in the 5600 to 56000 range.

If there are significant improvements in XMR then it could be higher.

The XMR/BTC appreciation would be because of BTC profit-takers seeking to diversify? Was that evident in past BTC spikes? I've never paid attention to alts before XMR.


It is more like when the bulls are in a buying frenzy they will buy anything. The alt-coin become a "more affordable" version of Bitcoin. This phenomenon is best seen with alt-coins that have already being through more than one XBT/USD boom and you need an alt-coin that has some merit. In effect the alt-coin behaves as a leveraged play on Bitcoin. This phenomenon is not unique to crypto-currency. It also happens with gold stocks where the juniors appreciate in value with respect to the seniors in a gold boom. I have also seen it in real estate markets.