I'm all for topical threads but there's a point when it becomes OTT.
I think there are a few too many Monero threads myself. I expect any excess threads will scroll off the front page quickly, however. It's a problem with the seeds of its own solution.
Judging by how much effort you put into evangelizing this you surely should have poured more BTC in than me. So what will you be able to buy?
If I just burn flow money I can do about 250 XMR/diem on a sustained basis. If I do well on the markets, I can do more. But the first would be imprudent, and the second is somewhat unpredictable.
My views on trying to apply Tea leaf analysis to an emerging altcoin...
Mine vary with the technique.
Analysing fundamentals seems to do well when you can get appropriate data, but it is slow to play out, typically.
Some technical aspects are informative, but most are not, as far as I can tell. All anybody should be looking for there is a slight edge.
And What you talk about with wining and dining... is nothing more than sexed up pumping. ... There's absolutely no reason to have posted what you posted unless you wanted to affect sentiment, or perhaps it was just an excuse to make yourself sound good. I'd wager a bit of both...
That's fair. It's all factual, however.
I certainly don't mind gaining face in the XMR or BTC communities. It doesn't mean a lot to me, and anything I do will be oriented towards building the coin. One way is to be encouraging to weak holders. Strengthen their hands. That requires credibility. I fail a bit out of whimsy, on the point. But hey, I play here to blow of steam.
* it is the ONLY alt worth investing in
It is the only alt which has a leadership position in competition for what may be the largest market opportunity in history: Primary provider of global, instant, private liquidity. That does discriminate it from all other coins. That doesn't mean that other crypto is not investable. It does mean that by far the largest potential gains are in XMR.
XMR is simply not the only coin with a leadership position for the largest market opportunity in history.
Here we have substantive disagreement. You've done nothing substantive to change my view on this point. I invite you to do so, please, if you think I'm wrong.
it's one horse against many.
It's Seattle Slew amongst glue-factory nags.
BTC is perfectly fine for the ones who are actually aware of it, they don't even have a concern for more privacy.
They will soon, I expect. How soon is hard to judge.
Primary provider of global instant liquidity, getting a little ahead of yourself there.
That is the nature of forward looking statements.
Tell me what is irrational about my post, please? I counsel against emotional investing. I advocate an investment because I consider it beneficial. I warn that it will be volatile. I encourage discipline in holding to a long-term plan. I counsel against excess leverage. I do it in a colloquial style, with a dash of flourish, which may not be adapted to your humor, but these are sound, responsible positions
.
What's irrational? well maybe the part about when you get depressed about a decline you'll resort to a meth binge washed down with southern comfort and just keep on buying up past the point of despair. Don't they have a name for that. irrational exuberance or something, gambling addiction?
Strength of conviction, endurance. It wins wars. (They give amphetamines to fighter pilots. Gin is called "dutch courage".) "Jihad" is first and foremost the struggle against oneself, I am told. Rational action is often achieved by a tremendous force of will, overcoming emotional impulses.
maybe you can try convincing that propdesk trader to buy into your same alpha-level, command-line based cryptonote fork.
I can assure you that I will. Hopefully with a more effective argument strategy than the one you suggest. What has worked for me so far is talking about the enormous asymmetry and effective leverage of the return profile and the lack of correlation to other assets. Well capitalized investors who have acted on my suggestion have primarily done so, with rare exceptions, because it is a cheap hedge for certain categories of extreme tail risk which are otherwise difficult to hedge.
I'm simply sick of hearing too much XMR and not enough BBR. As I wrote before I think BBR is a more likely candidate for a 2x,3x, 5x rise, therefore I see it as disingenuous to promote XMR and not mention BBR.
With a 32x marketcap difference, BBR isn't on my radar, and I don't think it should be on anyone's radar, if they need any liquidity. Punters who want to play with nickels and dimes have a different set of interests. It's just not relevant to mine. 32x means they just aren't in the same ballpark.
That 100BTC BBR buy a week or two ago is down almost 50% now. I'd be more inclined to warn against BBR investment, to friends and family, than to remind them of it. A liquidity provider should, first and foremost, provide liquidity. XMR is barely acceptable for tiny positions today on that basis. But an accumulation of tiny positions will bring it up the ranks. BBR can't support anything but a lottery ticket at this point.
BTC is the big leagues of crypto. XMR isn't anywhere near it. But I am convinced that it can be, and in light of currently available information likely will be in time - barring some dramatic new development, which is not all that unlikely, but can't really be predicted (by me) very well. BBR, not so much.
Thank you for the lively exchange.
