Quote from: americanpegasus on May 15, 2015, 09:41:49 PM

Quote from: BlockchainBoss on May 15, 2015, 07:17:43 PM

Quote

That's wasn't americanpegasus.

In any case, americanpegasus has an investment of less than 10,000 XMR, so trying to pump trollbox chat accordingly probably wouldn't go very far.

You're probably right.

Although it should be noted that misdirection and careful identity construction online can build any number of personalities to achieve the desired facade.

If I was trying to be accepted into a poker game to take chips from rookies, feigning naiveté would be step one.

Just saying. Grin

That actually is me. For some reason (likely a dead account of mine), plain old 'americanpegasus' isn't available.

I realized that with 18k Monero I could join the 1/1000 club, and since I feel like a double bottom at 200ish has been reached, it seemed like a good time to acquire my stake.

As far as me being a rookie at a poker table, I would say that I know just enough to hurt myself. I understand the bid/ask stack game, but am not great at it, and have never been able to consistently profit at it. Probably for the same reason that I inevitably lose at poker:

I play an amazing game at first, and then get impatient and start fucking with the bets for my own amusement, because watching other players' frustrations is worth more to me than winning. Seriously, nothing better than carefully establishing that you are a tight-aggressive player (not to be fucked with) over the course of a couple of hours, and carving out respect, then switching to absurd river rat bluffing and watching the wheels and steam spin.

Anyway, what I'm getting at is that I don't intend to dance with you silver spooned bitcoin ballers. You got algos and deeper pockets than me. I'm just gonna acquire and hold, and slowly take Monero out of circulation. I'm not interested in taking other early speculators money; I believe XMR will organically rise in value by such magnitudes that won't be necessary.

So a lot of the recent volume has been me acquiring my 0.1% of all Monero. Does that mean that the bearish trend line is broken, just because one famous autistic mystical beast just sat down at the table?

I don't know.

You're the pros.

You tell me.

I know this though, I'm pot committed now. A dip back into the 100's will hurt, but they won't free up any of my chips.

I'M HODLING

I am excited to have you on board with us. I think your entrance price to XMR is a good one and matches my own average price, and probably matches most of our averages.

Someone who is opinionated and willing to speak their mind is important in this type of technology where adoption needs to come quickly for it to be a success.

-EDIT-

Quote from: rpietila on May 16, 2015, 01:32:11 AM

We have had such a long period of moderate prices and accumulation opportunities that I find it possible that one entity has up to 1 million XMR. After all it has been possible to buy it for about $1 million, which is peanuts.

However, acquiring such a stake from the market does not serve any logical purpose. Manipulating the price for trading gains can be done with 100k. Becoming filthy rich is Monero succeeds also happens at 100k (or much less). Supporting the coin by buying at dips and thus amassing a fortune that does not make any difference in the positive case, and can never be sold in the negative case, is not rational. Aiming to be the biggest holder for the sake of it, nah. Buying a shitload for the future nefarious purposes is implausible, as the very act of buying a million coins would have been the thing that kept Monero alive (imagine the price without the million coins buying pressure over the months!)

My belief is that the holdings distribution table quoted above is rather well indicative concerning the largest holdings. The bottom tranches depend heavily on the number of XMR holders, which was assumed to be 25,000, but can as well be 10,000 or only 5,000.

I agree with your beliefs here and I seriously doubt anyone is holding 1million XMR.

Quote from: rpietila on April 09, 2015, 01:28:39 PM

Code:

25130 7314743
b_min b_max b_avg #owners XMRtot
367002 734003 519019 1 519019
183501 367002 259509 2 519019
91750 183501 129755 4 519019
45875 91750 64877 8 519019
22938 45875 32439 16 519019
11469 22938 16219 32 519019
5734 11469 8110 64 519019
2867 5734 4055 128 519019
1434 2867 2027 256 519019
717 1434 1014 512 519019
358 717 507 1126 570921
179 358 253 2253 570921
90 179 127 3604 456736
45 90 63 4686 296879
22 45 32 4686 148439
11 22 16 3604 57092
6 11 8 2253 17841
3 6 4 1126 4460
1 3 2 512 1014
0 1 1 256 253

As you quoted, this is based on a completely desktop-statistical methodology relying on the assumptions that XMR distribution is a market phenomenon. For pre/insta/nonmineable coins this is not at all true. I believe it is true for XMR since I know its history.

Here I don't quite agree that we have the assumed 25k persons holding XMR. I would estimate it to be at the most half, most likely around 7-8k holders, but I'm really just ball-parking as we don't have any good way to determine how many are out there.

It won't take many more new comers who are serious about their investment in XMR to take us to new heights.
As always, I'm very bullish.