My correction of Anotheranonlol claim from the other thread :


No.

18400000 MRO x 0.00175 BTC = 32200 BTC ~ 13.9 Millions.

Above Darkcoin, its competitor. Above Blackcoin (that is overpriced). Under Namecoin & Mastercoin.

The price of Monero perfectly matches its market.

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.

 

Cross-posted from the OTC thread, because I discovered this thread later and also because it should be interesting for readers of both threads.

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Price of monero still climbing on the three indexes (max price, average price, median price). This means (IMHO) that the climbing shall continue.

("max" is the least representative, "median" is the most, "average" is in-between)

Source: Monero trading (you can leave comment on this document, for typoes, oversights or feature requests, I will read them)

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.


no exchange no pool, no wallet can contribute to price increase. Low liquidityHigh 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
 

I believe Monero competes with untraceable coins. Tracability matter in a lot of transaction (especially when public funds are at stake). DRK should be worried, not BTC.

Of course, there will alway be groupies claiming it's the next bitcoin. I don't know if, as official representative, we should say something in one way or another.

I didn't know Darkcoin was PoW, is it ?

In this case I agree that MRO is underpriced.

You must be kidding I like concept of Monero (Cryptonote) but it has no GUI, no community, no API, etc. MRO is highly overvalued for its time.

Jesus with the GUI. Its like 3 copy paste!

No.



If you could back at the beginning of Bitcoin knowing what it will become, would you complain about GUI ?

MRO will necessarily have a GUI later but it will be too late for you to buy.