10k volume!!
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24hr Volume: 10008.13360079 BTC 1918420.59736845 XMR
Impressive indeed.
Let's keep it like this.
ATH will be a psychological barrier which is interesting to see if it can be supported for ever. Then the price can rise pretty fast and things escalate.
I personally do not think what you are calling the ATH is really relevant. I mean.. it will have a psychological impact, partly becvause it was ~0.01 right? But I doubt there are more than a handful of people who bought coins at that level, and the few who did are most likely not going to unload giant tons of coins. There was about 3kBTC in volume at that time. We will have easily quadrupled that volume just on today... one day... easily 15x the average daily volume during that peak.
The real technical ATH
is was really 0.0043 and if we can go a day or so up around this level I'd say we've crushed that to bits.
The fundamentals here are going to warp the technicals all to hell. "ATH" is trivial.
The fact of the matter is:
1. Monero is finally venturing out into actual use.
2. Many many people who have never heard of it are hearing of it right now.
What we have to worry about is not ~.01. It is the reception of the technology as it stands in the wild. If all the work done over the last couple years makes cryptonote a usable and stable platform which can begin to scale then we are in for a wild ride, and there's a little chance that even some of us small guppies stand to find wealth. (If only I still held any Monero!!! glub glub)
On the other hand if the platform is too hard for the merchants and users to use, or if it breaks - Then we probably will not get another chance like this.
Vectors to consider:
1. Blockchain scalability.
Will the size of the blockchain become an issue? Do we have sufficient strategies to deal with exponential growth?
2. A single web wallet.
Most users will use mymonero.com if they do not use an exchange. Is it robust and stable enough to handle this much more action?
3. The usual suspects.
Thefts, NSA, Hacks, shady exchanges, etc. These won't kill us if they happen down the road, but I believe we are vulnerable right now.
As a community member the best we can do now is to perform grassroots PR. Hold hands with new users. Help people set up mymonero accounts. Let people know how to navigate the exchanges. Help them understand how to use simplewallet. Do not expect them to have the values and skills present in most of the early adopters. Many may not care about what OS or even the details of privacy. Welcome them and give them what they need. Be honest above all. Warn people that leaving monero on an exchange is as risky as it ever has been. Don't pretend there are not risks associated with a fledgling cryptocurrency in a post BTC worls.
Do worry so much about your bag Truecryptonaire. Price is just one part of what were are seeing. The really fun part, for sure... but on it's own? Just a play. A pump and dump.
Monero is the real thing IMHO.
