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Topic: Will Monero Reach $500 in 2019? - page 16. (Read 20259 times)

member
Activity: 518
Merit: 10
March 26, 2019, 10:05:24 PM
It is hard to predict but monero is a good coin and have faster development and many people and investors are supporting monero, world wide adoption of crypto i think monero can reach $500 in 2019.
member
Activity: 256
Merit: 10
March 26, 2019, 04:54:44 PM
For Monero to reach $500, other coins will need to pump even more. Monero is quite frankly unappealing, it has horrible user experience, to the point where some dark markets prefer using non-private coins just so they don't deal with all the crap surrounding XMR.

I see Monero as a great science project that could bring tons of innovation, only to be adopted by other coins.
hero member
Activity: 1358
Merit: 509
March 26, 2019, 04:52:00 PM
I do not think so. It seems to me that this coin does not have enough strength to rise in price so much. But it all depends on the general situation on the market and on the price of Bitcoin.
You're right, Monero itself will not be able to grow up to $500 from today's price, the growth of this coin depends more on the state of the market
Ignoring the general market conditions will hurt the traders and potential investors with unfilled promises. The value depends on the market situation and Monero has the potential to hit the 500$ before the end of the year.
legendary
Activity: 2730
Merit: 1288
March 26, 2019, 04:46:26 PM
Why hasn't the price of the Monero risen after the xmr/usdt trade pair was listed on binance?
There is no need for any coin to rise its value when particular pair gets listed on exchanges.Monero is one of the potential altcoin so there is no need to get doubt on that coin for investing in long term you will get surprised after few years if the crypto currency got mass adoption.
I have no doubt that the cryptocurrency will become a massive spread. I am confused by the competition in the market of anonymous cryptocurrencies

You dont need to be confused. Monero have best technology and is used most. Also have best team and a lot of people that understands it and support. It was fair launched with PoW. No ICO no premine no dev tax or other scamming that might have problems with regulations.
jr. member
Activity: 140
Merit: 1
March 24, 2019, 06:56:54 PM
Why hasn't the price of the Monero risen after the xmr/usdt trade pair was listed on binance?
There is no need for any coin to rise its value when particular pair gets listed on exchanges.Monero is one of the potential altcoin so there is no need to get doubt on that coin for investing in long term you will get surprised after few years if the crypto currency got mass adoption.
I have no doubt that the cryptocurrency will become a massive spread. I am confused by the competition in the market of anonymous cryptocurrencies
full member
Activity: 602
Merit: 101
March 24, 2019, 01:02:57 PM
Monero can really do its stuff very skillfully and skillfully. I'm still very actively trying to say that the active use of anonymous payments is a very profitable business, especially if you do not want to be noticed.
sr. member
Activity: 1722
Merit: 252
March 24, 2019, 12:57:57 PM
nothing is impossible, it can happen.
however, it all depends on the market whether the more buyers or the more sellers, this year the development of all coin prices is a little slow, not like the previous year because the market competition is so big, especially this is a global business, everyone can join.
so I'm sure the Monero coin can also reach the price of 500 $.

Seems like that, Monero is a coin that is always fully supported by devs. so there is always trust from investors and Monero holders, but the price of $ 500 is impossible if the market is still like now.
jr. member
Activity: 168
Merit: 2
Bcnex - The Ultimate Blockchain Trading Platform
March 24, 2019, 12:47:11 PM
I do not think so. It seems to me that this coin does not have enough strength to rise in price so much. But it all depends on the general situation on the market and on the price of Bitcoin.
You're right, Monero itself will not be able to grow up to $500 from today's price, the growth of this coin depends more on the state of the market
jr. member
Activity: 256
Merit: 1
March 24, 2019, 10:07:39 AM
nothing is impossible, it can happen.
however, it all depends on the market whether the more buyers or the more sellers, this year the development of all coin prices is a little slow, not like the previous year because the market competition is so big, especially this is a global business, everyone can join.
so I'm sure the Monero coin can also reach the price of 500 $.
copper member
Activity: 1568
Merit: 0
March 24, 2019, 07:34:47 AM
Monero is the the very good coin in the crypto market but I can't think that it will reach $500 in 2019 because from the starting of the 2019 crypto market is not going good and many coins of crypto is going down.
member
Activity: 392
Merit: 10
March 23, 2019, 02:18:27 PM
I do not think so. It seems to me that this coin does not have enough strength to rise in price so much. But it all depends on the general situation on the market and on the price of Bitcoin.
full member
Activity: 657
Merit: 100
March 23, 2019, 01:54:22 PM
There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.

You can find detail info also here: Monero Price Prediction

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?
Yeah, Monero mining will be end May 31 2022 only 2 years left, this is the monero mathematical calculation. Because total circulation is 18.4 million and you know that now 16,871,971 XMR in the current market.
Monero team details discussion here https://twitter.com/MinerGate/status/1108034766677389319
legendary
Activity: 2730
Merit: 1288
March 23, 2019, 01:13:46 PM
There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

Monero will have 18.1 million mined mid 2022. So in 3 years time.  After that it will add like 150k XMR every year. And that way forever secured its network not needed  to rely on fees.  Number of daily mined Monero decrease drastically. and went from 25k in April 2014 to 2150 XMR today. 25k XMR mined daily was huge selling pressure that kept Monero price low for years. Now that pressure is slowly going away and that will reflect on Monero Bitcoin ratio.

I dont think $500 Monero in 2019 is likely to happen. Yes of course it is possible but for that needs a serious adoption to happen. Without that adoption to happen and relying only on Bitcoin cycle we should see a $500 Monero in beginning of 2021.

I didn't know that there will be a constant issuance of 150k Monero per year. Will it be 150k per year infinitely?
Every year the issue of Monero coins will decrease.
but in the coming years, the release of new coins will be at the level of 100-150 thousand per year.

Yes and then finally the block reward will go to zero and the network incentives will only come from transaction fees?

No it will stay at around 150k.  What will decrease is a % that that will add to the whole number of coins in existence. I believe it will be 0.87% yearly and then just decreases slowly.   Gold yearly mined inflation is between 1.5% and 2%.  Current Monero yearly issuance inflation is around 4%

Ok thank you for the clarification. Do you think that it is good to have an infinite issuance of 150k per year? Could that in theory be changed if the majority of the network agrees or what are the majority rules for such changes? Do you know that?

Of course it is good since it is the only way to secure the network. Fees will never be high enough to secure network on its own. Bitcoin and many other copies of Bitcon will have this problem to add tail emission "soon". In Bitcoins case in about 15 years time.  Main point of money is top be secure. If someone make you think he sent you coins but he did not then that is not the money anymore and value of such coins will be zero.

And what if Bitcoin turns into a pure store of value? Wouldn't it even be better for it to become deflationary?


How can you store value if anyone can make 51% attack and fake its transaction that never happened? Would that not make that coin worthless? If you would be always scared that whenever you receive Bitcoins you would get fake ones?   When network is not secured enough and I believe you cant secure it just with fees. Then this will happen.  But as I said. Bitcoin should be safe until at least year 2040. So there is plenty of time to find solution or add tail emission like Monero solved this problem.

Monero with 0.8% yearly emission will be deflationary. I am totally positive about that. That will barely cover the lost coins. As I mention before that will be even less then half less as gold have. Is gold inflationary? I dont think so. One ounce of gold bought you an amour in roman times. One ounce of gold bought you a business suit 100 years ago and one ounce of gold buys you a designers outfit today. So pretty neutral, nor deflationary nor inflationary.   And gold was tested over several millenniums. So the answer is pretty clear. Monero will be deflationary. So as Bitcoin already 6 years from now.
full member
Activity: 728
Merit: 130
March 21, 2019, 07:31:29 PM
 I believe in Monero. I think that this is the best anonymous coin and it can become one of the most popular cryptocurrencies in the world. By this, I do not doubt future growth.
member
Activity: 574
Merit: 10
March 21, 2019, 06:18:21 PM
Very interesting and logical theory on the expected growth of the coin. Monero can be really significantly rise in price, if no one intentionally prevent this from happening. In the cryptocurrency market, they do not like a logical increase in the price of coins, some manipulation will necessarily happen.
sr. member
Activity: 1624
Merit: 250
March 21, 2019, 05:56:12 PM
Possibely, it will hit the 300$ sooner than 5 years but there is a small chance to hit 500$ from my point of view. After the bear market rates will surge and prices will hit the all time high levels again. Let's wait and see what will bull market bring us.
legendary
Activity: 2058
Merit: 1166
March 21, 2019, 05:34:28 PM
There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.

You can find detail info also here: Monero Price Prediction

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?
Monero is a good altcoin, i mined it when it was launch and now i regret that i had no trust in it, still the value of it will grow, if not to 500 it will be close to it.

Lucky you if you have been one of those guys mining it in the very beginning. That turned out to be a great deal for you. Did you mine it with instances from AWS or did you wait till the GPU miner came out?
member
Activity: 515
Merit: 12
March 21, 2019, 04:34:47 PM
There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.

You can find detail info also here: Monero Price Prediction

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?
Monero is a good altcoin, i mined it when it was launch and now i regret that i had no trust in it, still the value of it will grow, if not to 500 it will be close to it.
legendary
Activity: 2058
Merit: 1166
March 21, 2019, 03:59:54 PM
There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

Monero will have 18.1 million mined mid 2022. So in 3 years time.  After that it will add like 150k XMR every year. And that way forever secured its network not needed  to rely on fees.  Number of daily mined Monero decrease drastically. and went from 25k in April 2014 to 2150 XMR today. 25k XMR mined daily was huge selling pressure that kept Monero price low for years. Now that pressure is slowly going away and that will reflect on Monero Bitcoin ratio.

I dont think $500 Monero in 2019 is likely to happen. Yes of course it is possible but for that needs a serious adoption to happen. Without that adoption to happen and relying only on Bitcoin cycle we should see a $500 Monero in beginning of 2021.

I didn't know that there will be a constant issuance of 150k Monero per year. Will it be 150k per year infinitely?
Every year the issue of Monero coins will decrease.
but in the coming years, the release of new coins will be at the level of 100-150 thousand per year.

Yes and then finally the block reward will go to zero and the network incentives will only come from transaction fees?

No it will stay at around 150k.  What will decrease is a % that that will add to the whole number of coins in existence. I believe it will be 0.87% yearly and then just decreases slowly.   Gold yearly mined inflation is between 1.5% and 2%.  Current Monero yearly issuance inflation is around 4%

Ok thank you for the clarification. Do you think that it is good to have an infinite issuance of 150k per year? Could that in theory be changed if the majority of the network agrees or what are the majority rules for such changes? Do you know that?

Of course it is good since it is the only way to secure the network. Fees will never be high enough to secure network on its own. Bitcoin and many other copies of Bitcon will have this problem to add tail emission "soon". In Bitcoins case in about 15 years time.  Main point of money is top be secure. If someone make you think he sent you coins but he did not then that is not the money anymore and value of such coins will be zero.

And what if Bitcoin turns into a pure store of value? Wouldn't it even be better for it to become deflationary?
jr. member
Activity: 280
Merit: 1
The Ultimate Blockchain Trading Platform
March 21, 2019, 02:11:25 PM
I don't know what the price will be in this year, but Monero has a lot of plans for 2019, so I'm not in a hurry to sell my coins.
Of course, Monero will grow this year, but in order for today's price to rise to $500 it's fantastic, even if this year's big plans for Monero
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