Re: MRO Monero trading thread and OTC xchg (bid 23.5 ask 25 last 21.2)

Why such a convoluted order process?
Lowest ask seems to put final market cap ~4,500 btc or about 2 million USD
Much too optimistic at this early stage

this was around a week ago. and now the final market cap is 45,000 btc or ~ $19million based on orders here Huh

or a 10x (1,000%) increase in 7 days?

putting it at number 7 in rankings. above mastercoin and climbing close to NXT now. without a usable pool, without a GUI. without acceptance on any exchange aside from forum-based trades

definitely in a mania phase. unsustainable pump. I'm not saying this is as high as it will go because market is pretty dumb, definately alot of people can still join the pump but be careful investing.

There are only ~450,000 coins atm

0.00175 x 450000 = 787.5 BTC

Of course. but I am talking about final market cap. MSC, NXT, Ripple, Blackcoin etc (all other coins with largest market caps) have been all but fully distributed, so the calculation of Moneros cap can be comparative to them. (unless you think that those are not your competitors and it can come close to next btc or ltc)

Therefore your stake here will be constantly inflated. You need to beleive this coin will support that ultimate valuation unless you are only involved for short term speculative reasons.

well all pow coins are based on current coin supply, following your logic, we have seen a heavy inflation in bitcoin, litecoin etc as well.

even though the short term inflation on this coins is quite high, and I think they should not let this market go full retard, the market cap is still really really low, even if you assume that there are x5 coins at the end of the year.