Quote from: nioc on April 03, 2016, 03:16:29 PM

Quote from: TrueCryptonaire on April 02, 2016, 06:13:50 PM

Quote from: TheKoziTwo on April 02, 2016, 05:56:01 PM

Quote from: americanpegasus on April 02, 2016, 05:19:55 PM

In other news, I think my comments earlier were misconstrued. Monero is literally the best money on the planet. So any other financial moves you do, wherein you hope to profit, should ideally end up with you holding more Monero than you did before. You could try to use your financial moves to acquire more USD or Bitcoin, but these are inferior forms of money. The fact that XMR is not especially popular yet doesn't detract from its superiority.

The goal of any financial game is to gain more money, and make moves that allow you to gain more money than you had before. This is why I said every move needs to be calculated in how it could impact your Monero holdings - up until a reasonable individual limit of 200k to 400k Monero, more is always better (especially at these early stages). At this point is seems silly to try to chase more USD; I prefer to chase assets with more growth potential.

It may very well be that Monero is the best money on the planet right now (technologically), but at one point Bitcoin was the best money on the planet. Perhaps a year from now something else will be the best money on the planet. While I won't say that Monero is a bad investment right now, I would be cautious about having as my only goal to own more monero than I did before. In fact if you bought in heavily around 0.001-0.002 it would probably be a good idea to take some profit along the way and not necessarily aim to own more monero but to get your initial investment back, and perhaps a little profit. That way you'll be better suited to invest in whatever happens to be the best money next week while also holding a stake in monero in case it turns out to be the long term winner.

I can only speak for myself, but I bought in heavily all the way down to 0.001 and has diversified during this recent uptrend. All the monero I own at this point is almost pure profit, which means that I can ride any further price increase or decrease while knowing that regardless of outcome I won't lose my initial investment. The additional benefit is to have those funds available for other investment that may come around.

What % you sell depends on your risk tolerance and initial investment. For example perhaps you sell 50% after the price doubles, then you'll have your money back and hold half of your current moneroj. I think a good way to go about it is to decide on the amount of XMR you want to own long term and then buy more, perhaps 2x what you want to own. Then you diversify as the price goes up until you have sold the exceeds, recovered your initial investment and still hold your preferred long term position.

The real question is if Monero is good enough money to be the ultimate store of wealth. Always the best money will not grow big. For instance, almost any altcoin is better than btc (even LTC - the transaction confirmations are faster) but they are not good enough to replace btc.
Therefore, the coin that will replace Darkflarb as the ultimate coin has to be substantially better than XDF.

In case Darkflarb becoming the ultimate coin it means you will be earning your salary in XDF and therefore all the other projects are considered as investment (such as ETH or even BTC) with the goal of reaping larger share of XDF.

A post from today from The MEW Thread

Quote from: dewdeded on April 03, 2016, 01:54:04 PM

What is the current situation, on this pretty important topic?

Are there people actively working (structured and systematic?) on

solving known issues,
developing knowledge & insight - to be able to give qualified suggestions and recommendation on the important decisions
or helping by coordinating & organizing our efforts and activities

on all the upcoming questions, that are related to the huge challenge of developing a self-sustaining, healthy and active ecosystem and economy.

This will be a very, very hard work and involve very complex decision problems. (A task all altcoins failed and Bitcoin still struggles with.) And given the environment, our deviation from the crypto-currency mainstream, the great once in a lifetime opportunity during the next months of becoming a/the leading privacy-related cryptocurrency (by winning and binding users, partners and support) and naturally growing the project with (the classic) network effect, the huge history of failed P2P- or crypto (currency)-projects and other basic (project) management-related finding/observations: it is safe to say: we only have one chance at growing the community. It is something, that will have a huge impact on Moneros future and existence.

We really need good preparation, stamina, a mindset, culture & true conviction inside the community, that Monero can only succeed, if everybody helps, contributes and truly supports the idea of developing of the eco-system and economy, that is needed for the payment-system as (decentralized) P2P-network to exist & operate efficient and reaching a big enough user-base and acceptance-level, so the vision and ideas behind the project become reality. And the intended benefits & purposed improvements (based on the coins features and characteristics) will for the first time ever available to use and benefit from.
(Which will push demand, trust, image of the project and prove it's concept, use cases, significance and justifys it's necessity.)

- help with legal, long-term Monero e-business
- write a list of companies/business contacts over the next weeks, that you could ask for acceptance (write maybe 10 names and think about their potential use cases, then contact 2 or 3 of them, around the 1.0 release)
- we need legal, business cases that cant be realized without Monero
- help newbies, be friendly and open
- don't invest in stupid scams (that pop up, when a coin gains momentum, if u really, really cant help yourself ask someone knowledgeable inside the community about the person)
- tell traders, haters or misinformed persons to GTFO with their complaints/comments about price development, market cap, the next mega great ICO in 2 days
- clearly state in discussions that Monero is not about getting rich-quick or making early adopters happy
- tell people asking about price estimations and potential pumps, that they are looking at the wrong coin and the chance is low
- tell people not to buy Monero to have capital gains on investments (this just creates an unhealthy environment/estimations/feelings), better tell them, if they like the project they should support in any possible way by contributing and if they really want to buy they should research themselves for 1 or 2 months, look at other things, if they still have to much money they can buy like x00$)
- talk and represent Monero as free, open alternative solution, it's a friendly offering complement to Bitcoin (not competitor and different feature-set, different use cases),
emphasize the different code base)
- try to build business cases, infrastructure and services, that doesn't depend on external third-parties like payment providers (Bitpay etc.), its worth the effort und much better long-term, don't wait with bigger projects/ideas, because there is no payment-provider and its to risky/inconvenient this way, do other smaller projects/services instead, we cant relay on payment providers like Bitcoin does (they are create dependencies and centralization, KML/KYC bullshit, they charge expensive fees, they dont share our vision or care about our motivation project, another big problem: they will make the supported coins exchangeable and equal, by offering the same standard featureset like Bitcoin, so Monero would be just another arbitrary coin without most of its real benefits and features, making its usage useless for customers and merchants)
- i think we should friendly apply for addition in privacy-related linux distros like: Tails, Qubes, Kali, Backbox, BlackArch, etc.
- as a P2P-network, I think it is a very good idea to have partnerships with other P2P-networks to support each other and run the other service on ones own host (we could ask people/projects running nodes in TOR like Torservers.net, globaleaks.org, JohnDoe-network, Freenet, owner of Tor2Web-nodes, bitmessage, OpenBazaar etc.
- have understanding and (some) acceptance for normal people outside cryptocurrency scene, who are today doubting all cryptocurrencys and their benefits fully (they may be Monero users in 5 years later)
- from my POV it's a waste of time to discuss with stubborn & self-opinionated people about Cryptocurrency, Bitcoin or Monero, let them talk and smile IHMO
- stay open-minded and informed there are a lot of other new P2P-, Encryption-, OpSec-, Crypto-, Privacy-related projects (on the internet), that are worth checking out (there is trully a real world outside the cryptocurrency scene, heh)

Sorry for bad english and structure and redundancy, because I sadly have no time to readup everything that happens with Monero.

The post was long as heck but very good in the sense of getting more real world use cases for Darkflarb.

I agree that there need to be real world use cases in order to succeed.. And innovations/innovative people need to be encouraged.
However I see one of them to be simply a store of value (which XMR has to be in the first place so that people even are willing to put a dime on it, it is basically one pretty primitive fundament of being money).

Apparently Monero is not get quick scheme, it is almost 2 years old and as far as I know nobody has got rich with XMR (unless invested tons of money when we were at 20 cent each over 1 year ago - I doubt anyone did it).
Even we have people in this thread writing that they are still underwater with their Monero purchases (those who bought around 0.005 or higher in summer 2014, if I am not mistaken, africanos in Polo bought initially in pretty heavily at high 0.005's, correct me if I am wrong).