Topic: 60k Moneroj. Will i be a millionaire by 2017? - page 3. (Read 9320 times)

Would be nice to hear anything from him now - i hope he had done this 

It would be risky since we are talking big money here on purchasing 60k monero,theres only two results on this matter either you smile with millions on your hands or lose it all the money you invest but seeing on moneros potential theres a possibility but dont expect too much that this thing would happen in next 2 years.

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

Well, I don't think the obvious get-rich-quick mentality you're showing is at all helpful, but yes, it's *possible*. It's also possible that you'll lose all, or nearly all, of your money.

But let's do some back-of-the-napkin math.

In my opinion, a longrun rational stable equilibrium in the crypto-economy would have Monero as the #2 coin (since a protocol-level privacy-focused coin is one of the very few niches bitcoin will likely never address, and Monero is the best privacy coin). And let's say that the #2 coin will have at least an order of magnitude less total purchasing power than bitcoin.

We'll therefore define the 2yr success-case for Monero as being that it takes the #2 slot, and that the #2 slot is 1/20th Bitcoin's value. We'll further say that Bitcoin has the same market-cap as today (~$4B.....I think it's likely to be more in reality, but let's be a little "safe" with this analysis).

That gives Monero a 2yr success-case market-cap of $200M. There will be about 14,250,000 XMR outstanding at the time, yielding a $ price per XMR of around $14.

1 XMR = $0.53 today. So the success case is about a 2600% return.

Thus, if you think there's greater than a 1/26 = 3.8% chance of Monero becoming the #2 coin (and ignoring opportunity cost, personal risk profile, interest rates, etc), then it's rational to consider XMR undervalued today.


Obviously you should do your own analysis and figure out what values make sense to you. The above is just a rough framework that makes sense to me.


[Sidenote: this is reminding me of the initial calcs I did with bitcoin years ago. FWIW, in 2011 my lowest "success-case" estimate for bitcoin was $1500. Getting there... ]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

man, there's some impressive predictions on here. some are downright eerie. I guess sometimes this section ain't full of shit all the time.

If you can afford to lose your $30k, you can try it. It is possible. A Monero price of around $7-8 in two years is likely.

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

OP would have made about $285,000 profit (calculations were made @ $5.30/XMR). But enough bumping old threads and you (the Monero lovers) could just create a new one.

OP would have made about $285,000 profit (calculations were made @ $5.30/XMR). But enough bumping old threads and you (the Monero lovers) could just create a new one.