Will Monero Reach $500 in 2019? - page 19.

Sellman

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Quote from: fortunecrypto on March 19, 2019, 10:32:12 AM

Yeah you are right there is a basis why it should reach higher than $500, but this year it's still 50/50 the market is just getting up and we have a very slow movement of the price going up and before we end the year the most that Monero can reach probably is $200 hopefully.

The market just found its bottom recent weeks, from that it will slowly but stably recover.
I don't think market will take off this year, even till the end of this year.
However, the year of 2020 might be a very different year for crypto market.

djuragan

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If we look back on it's journey, in order to reach that level of price for each monero, it would takes a really long time. but i doubt it for it to be able to reach that state if the market condition doesn't change.

fuer44

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I think the crypto market is not only focused on limited supply and the total that has been circulating in the market has almost reached limite will make prices go up is not a sure guarantee. in fact the bitcoin doesn't rise even higher. it seems like at this moment the crypto market needs to be used in daily life, including Monero to be able to make its value valuable.

Aldrinx00

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Maybe not because we are still in a bear market so the possibility of Monero to reach $500 is way too low. Actually no one can predict Monero can reach that price but if a bullrun starts then there is a big chance for Monero to hit that price.

Chachacoin17

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Quote from: Litzki1990 on March 19, 2019, 09:12:39 PM

It is hard to predict since i am not totally an analyst but i read some development of monero of their platform and probably if they continue to develop more they attract more investors and probably monero will reach $500 in 2019.

Not just Monero tried to gain good developments of their platform but also for other crypto, that had a great potentials to compete while market was still on recovery period. Many holder hope for that price of $500 in monero will be reached again. If that will happen, I believed each market who cater it's trading will eventually increase at their volume of transactions and will gain more incoming buyers.

Litzki1990

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It is hard to predict since i am not totally an analyst but i read some development of monero of their platform and probably if they continue to develop more they attract more investors and probably monero will reach $500 in 2019.

Bitcoin Miners

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Roobet

Oh, it is the most common instant effects when coins listed on new exchanges, especially on top exchanges.
This is why CEO of Binance stated that whichever coins release news that they will be listed on Binance before the scheduled listing time will almost never get chance to appear on Binance.
Of course, good coins, good teams will never do this.
Only shitty coins, greedy team want to sell news relate to Binance listings to try getting profits.

Quote from: Thanasis on March 19, 2019, 12:06:54 PM

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.

Hello mate,
Will you not say something like Bitcoin will never hit $100.000 because it has been around $4000 for now?
It is almost the same thing what happened when bitcoin traded a few bucks.

Quote from: Yahiris on March 19, 2019, 12:02:01 PM

Rather, XMR will not reach the level of $500, because now the price is about $50. For this to happen, we need a market growth similar to that of 2017

Thanasis

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Quote from: Crypto$tar on March 19, 2019, 10:51:22 AM

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.

Yahiris

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Rather, XMR will not reach the level of $500, because now the price is about $50. For this to happen, we need a market growth similar to that of 2017

mv1986

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Quote from: Febo on March 18, 2019, 08:28:14 AM

Quote from: mv1986 on March 18, 2019, 06:12:00 AM

Quote from: wesk1212 on March 17, 2019, 03:12:24 PM

Quote from: mv1986 on March 17, 2019, 02:12:49 PM

Quote from: Febo on March 17, 2019, 09:38:55 AM

Quote from: Crypto_Meet on March 12, 2019, 02:52:07 AM

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?

Crypto$tar

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Why hasn't the price of the Monero risen after the xmr/usdt trade pair was listed on binance?

Buzhou

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I think Monero is crypocurrency for such strength!
But it is necessary to consider some details of the strong competitors!
The mimblewimble designs and even Zcash or Dash enable new users and other shapes.
For Monero to reach these numbers, a strong adoption of
And understanding that the values of XMR resources is definitely higher than the projects I've cited.
Well, Monero will have to evolve or show evolution in some ways to cost $500 without bull market.

herfie.chen

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simply getting the job done

I think it couldn't be happen in this year's. The Highest price of monero is $494 and that happened last year. It's very difficult for Monero to reach $500 especially to reach last year's achievement with current market condition.

fortunecrypto

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Quote from: Sellman on March 19, 2019, 09:51:16 AM

Quote from: gangem07 on March 17, 2019, 09:07:10 AM

Maybe this year or in the next few years it wil happen again to Monero to reach highest price even more than$500.

Why did you not set higher price target, such as over $1000 per XMR?
Ethereum and DASH made it, so why Monero won't be able to make it happen next years?

Yeah you are right there is a basis why it should reach higher than $500, but this year it's still 50/50 the market is just getting up and we have a very slow movement of the price going up and before we end the year the most that Monero can reach probably is $200 hopefully.

Sellman

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On exchange, if you do KYCs, you do for all your money on exchanges, no matter whichever coins you have in your portfolio on a specific exchange.
If the exchange listed bitcoin, monero, dash, etc. when you finished KYC, you finished KYC for both bitcoin, monero, dash, etc. all coins listed on the exchange.

Quote from: Febo on March 19, 2019, 10:24:50 AM

Why should mandatory verification of wallet owners be any different for Monero owner then Bitcoin owner? I dont understand your point here.

Even Monero focuses on privacy, and untraceable, it does not a problem to restrict the coin from listing on new exchanges, or delisting it from all current exchanges.

stfN2128

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Quote from: Febo on March 19, 2019, 10:24:50 AM

Quote from: Dasha88fed on March 19, 2019, 10:04:41 AM

If in the United States and Europe, government agencies and financial regulators decide to introduce mandatory verification of wallet owners,

Why should mandatory verification of wallet owners be any different for Monero owner then Bitcoin owner? I dont understand your point here. Only different thing here I see when those information somehow leak in public then in Bitcoins case everyoen will know how much money everyone have and what they use it for. In Monero case that will not be that way and users and companies that use Monero will be protected.

There are still enough exchanges in the wide crypto space where no kyc is required. i guess it will not have a big affect at all.
if the market will rise again like 2017 i have no doubt that monero can reach 500$. but i don't think that monero can outperform the rest of the market.

Febo

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Quote from: Dasha88fed on March 19, 2019, 10:04:41 AM

If in the United States and Europe, government agencies and financial regulators decide to introduce mandatory verification of wallet owners,

Why should mandatory verification of wallet owners be any different for Monero owner then Bitcoin owner? I dont understand your point here. Only different thing here I see when those information somehow leak in public then in Bitcoins case everyoen will know how much money everyone have and what they use it for. In Monero case that will not be that way and users and companies that use Monero will be protected.

Actually if such regulations gets implemented. I personally will stop using Bitcoin totally and fully switch into Monero.

Sellman

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People always find a way to fight against local authority's regulations, like what Bitcoin did ten years ago.
Monero will do can make it, as well as other private coins.
There will have more cross-chain platforms in the future, and it is just one of potential solutions.

Dasha88fed

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If in the United States and Europe, government agencies and financial regulators decide to introduce mandatory verification of wallet owners, or even ban listing of anonymous coins on official crypto exchanges, then the price of all anonymous coins can drop dramatically. Monero is also an anonymous coin and it may come under government action aimed at deanonymizing the crypto sphere, fighting terrorism and money laundering.

Sellman

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Quote from: gangem07 on March 17, 2019, 09:07:10 AM

Maybe this year or in the next few years it wil happen again to Monero to reach highest price even more than$500.

Why did you not set higher price target, such as over $1000 per XMR?
Ethereum and DASH made it, so why Monero won't be able to make it happen next years?

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