Quote from: Anotheranonlol on May 06, 2014, 06:51:15 PM

Quote from: mkmen on May 06, 2014, 05:10:07 PM

Quote from: GreekBitcoin on May 06, 2014, 05:02:31 PM

This. And actually 0.00175 is max price. So it is actually less. I cant understand why we need to consider max coins 8 years before we reach max coins.

We don't, all other market capitalization numbers are based on available supply. So yeah, we're at about $300k now.

as an example; let's imagine a coin that will be fully mined in 2016. only 10% of supply on market today, if current market cap based on last 24hr trade and total current supply is 300k and you are buying TODAY with intention of holding long-term. $100k worth (ie, not a short term speculative flip) you need to believe that coin can achieve 3 million by 2016. if you held till 2016 and total valuation is 2.5 mill you've lost money on that trade, really as simple as that. Of course 95% people don't care about the coins value long into the future when total supply reached; hype and mania in such new markets promising to make early adopters rich will take over all common sense, guaranteeing an exit along the way. also it will be dead before 8 years. in cryptocurrency space 8 years is long time. But for serious investment it's not so long at all.

Except that you forgot the most important : the value of FIAT money in the future will be lower than now.

Quote from: Anotheranonlol on May 06, 2014, 06:51:15 PM

Quote from: David Latapie on May 06, 2014, 06:50:50 PM

Quote from: mkmen on May 06, 2014, 05:10:07 PM

We don't, all other market capitalization numbers are based on available supply. So yeah, we're at about $300k now.

Which mean we are enter the top 50 after only two weeks with no premine, no instamine, no exchange, no pool and not even a GUI wallet.

no exchange no pool, no wallet can contribute to price increase. Low liquidity /High barrier to entry means It's a sellers market, and a lot easier to manipulate price on such shallow market. Buyers get word of 'the next bitcoin' want their slice of the pie & largely have to put up or shut up with the asks or risk nothing getting filled, it can be like bidding sniping war. Real price discovery comes on functioning pool, noob friendly wallet and exchange rather than antiquited forum thread

Monero doesn't pretend to be the next Bitcoin but it is actually one of the most interesting existing cryptocurrency. You have the right to not like it but everyone should admit that its potential is huge. Just compare it to 99% of the altcoins that are just scrypt-clones made in 5 minutes with stupid names and kids hyping them.