Quote from: podyx on September 15, 2014, 11:49:40 AM

Good time to buy monero right now?
Looking to diversify 0.5% of my btc holdings into it

Also what exchange do you guys trade on?

All-time weighted average lies around 0.0042 IIRC, so with the the price now hoovering around 0.0038 it would be a good buy in point. I prefer poloniex to trade on, because it has by far the most liquidity. Trade volume also exceeds 100k $ most days, so it won't be a problem to do a big purchase.

Also have a look at this:
https://bitcointalk.org/index.php?topic=721045.msg8477489#msg8477489

FAQ here: https://bitcointalk.org/index.php?topic=721045.0
Missives (updates etc.) and other details : https://bitcointalk.org/index.php?topic=721045.0

Quote from: 24Kilo on September 15, 2014, 11:20:59 AM

Quote from: rpietila on September 15, 2014, 10:57:56 AM

Monero is the first alt (okay some said LTC a year ago..) that functions as a hedge to Bitcoin.

Same as Bitcoin is a hedge to paper assets.

Gold is a hedge to all.

rpietila,

Could you please elaborate on the factors or characteristics of XMR that you believe make it the 'first alt' that functions as a hedge to Bitcoin?

Why does XMR function as hedge better or rather than LTC or DRK, for example.

Thanks!

24Kilo

Altough this question isn't directed to me, look at the top of my post (where I quoted podyx) for reasons why monero matters. LTC is sort of a clone of bitcoin, which was advertised as ASIC resistant, now that ASICS are out that point is not valid anymore. Doesn't have any other functions bitcoin hasn't or can't implement. As for DRK, DRK had a huge premine and is not truly anonymous. Maybe some other members can elaborate a bit more on this?

Quote from: NewLiberty on September 15, 2014, 11:45:31 AM

Quote from: rpietila on September 15, 2014, 10:57:56 AM

Quote from: JayJuanGee on September 15, 2014, 10:47:25 AM

I remain a little bit puzzled why you seem to want to continuously get your Monero book digs in - when in reality BTC is the ONLY "real" game in town.

Monero is the first alt (okay some said LTC a year ago..) that functions as a hedge to Bitcoin.

Same as Bitcoin is a hedge to paper assets.

Gold is a hedge to all.

This is very precious, to find an asset that has good positive EV and is a hedge. Everyone who has BTC does a pareto-improvement move by buying XMR, with 0.25%-5% of the holdings. This has nothing to do with taking a position, it is a slam dunk move if you invest professionally.

Monero is quite a bit more than merely a hedge though.
It holds a separate non-trivial innovation track that is not developed in Bitcoin.

Agree on this, privacy is a big niche to be filled. Personally I think darkmarkets will change to XMR in the future if it has more liquidity.

Quote from: JayJuanGee on September 15, 2014, 10:47:25 AM

Quote from: rpietila on September 15, 2014, 08:14:04 AM

In Casino, the games of chance are also games of -EV. Now imagine that you could play a simple dice with the following payout table, but the play is limited to one round:

4-6: pay back 10:1
2-3: no effect
1: lose your bet.

How much would you bet?

Risto: I appreciate the scenario that you describe with the dice; however, I remain a little bit puzzled why you seem to want to continuously get your Monero book digs in - when in reality BTC is the ONLY "real" game in town.

Maybe down the road this will change and Monero or some other Alt may come to play a fairly significant role in the crypto space.. ... In the mean time, a very large share of the investments (including mainstream investors) are going into BTC and this does NOT seem likely to change (or move over to another coin) for quite some time - at least several years the way that things seem to be currently going.

Also, there is NO real fundamental flaws with BTC even though one or more of some of these other cryptos may have some features that would be difficult to have assimilated into BTC.

In the end, I believe that the odds are greater than 50% that BTC will surpass $5k per BTC.... but it remains possible that it could take a few more years to get above that price level.

I don't have exact numbers in my head at the moment (whether it is 60% or 75% or some other number) b/c I do believe that it remains difficult to place exact numbers on the probabilities when there are so many factors and so many actors. I suspect that it could take anywhere between 1 month and 2 years to move BTC prices to the next ATH..... and probably higher likelihood that such a move above previous ATH would take place within the next 6-9 months.

What about the 1MB blocksize limit? It requires a hard fork to change it, while monero has a adaptive blocksize limit.