Topic: [XMR] Monero Speculation - page 1232. (Read 3314350 times)

So it has more appeal to black market / criminal activities ? Well that ain't enought to boost the price, which is why everyone is here. It's hard to steal btc's capital with " hey, come over here, we are more sneaky" . Am i really the only one that thinks teh market for cryptos that aim to become payment systems / store of value is oversaturated ? Bitcoin itself isn't widely adopted, imagine other coin's chances..

current crypto like steem or ethereum is all in danger of being crushed by bigger more aggressive competitor the size of facebook or google.
monero on the other hand is not something that a corporation would want or actually could compete with.

Bitcoin and Monero aren't competitors. If you want to declare your finances on a public blockchain then use Bitcoin. If you don't want to declare your finances on a public blockchain then use Monero.

The global blackmarket will provide liquidity to the coin that best conceals it, and the global blackmarket's capitalization is not a figure to be sneezed at.

Bitcoin is useless for such purposes, as is Dash, Zcash and Ethereum.

So there's no competitional factor, just as long as Monero is technically and politically the best, which it currently is.

It's hard to grow when you want to compete with bitcoin and other 100000 bitcoin clones, each of them with their own small changes over the original claiming theyre best. Wannabe crypto payment / monetary system is saturated in crypto scene, it cannot grow further than this unless it's heavily pumped but then you need to be lucky enought to exit in time. Projects that intend to have more usage than the simple monetary system will have much more success, like ethereum, biggest of them at this moment. And even if their primary goal isnt to be used as a monetary system, their added value from real projects will be a boost for it's usage as a payment system aswell, which will kill bitcoin and anything alike since, let's be honest, a cryptocurrency will never be able to hold it's value only by being used as a payment system against projects with real value from real tangible projects. What do i mean: 1. People claim bitcoin can be used as digital gold / payment system. Okay, but this all depends on it's perceived value, since, unlike gold, it has no usage at all if people lose their faith and dump it ( gold is used in industry, jewelry and so on), therefore it's perceived value will decrease to 0.
So, let's imagine what would happen: ethereum grows, alot of projects work on it's chain, therefore the token value is will grow alot, let's say 50$. Why would anyone bother to use bitcoin as a store of value when they can use ether, when it's value is backed by the amount of projects that work on it and not pure faith which currently holds bitcoin value high ?
I do believe monero will continue to exist, price will fluctuate but it'll remain the average joe who aimed low,  same as litecoin. Or maybe not aim low, but lacking a bigger and better development team.
Leadership in crypto scene matters alot unless you aim to be a bitcoin clone. So far i'm impressed by ethereum development team. Don't get me wrong, i'm aware that they're getting rich while doing this, but atleast they deliver. Would be nice to see other crypto projects to aim higher and to be more ambitious, most projects out tehre don't deserve to exist, they're just a milk cows for devs.

Another demonstration of a lack of understanding of fungibility and the fact that Monero (and some of its cryptonote family members) are the only functioning fungible* cryptocurrencies.


* - caveat of blockchain temporal association and ip broadcasting problems. The latter easily fixable with i2p, the former somewhat fixable with RingCT and maybe some better output selection algorithms? I speculate that someone has a really good solution to this problem and aint telling anyone.

So what is a "game changer" according to you?

With regard to the name, the interesting thing about these decentralized projects is that there is no official name or branding. If you can get enough of your friends to call it UpsideDownBoogerCoin, then that's the new name. Good luck!

USD 20 millions at most (of course implausible), but it is a start. The market cap needs to grow for it to become more useful, and being more useful makes the market cap grow.

Of course there's something special about it.

You can wire USD millions to any place on earth and no government is going to know about it.

I didn't say it is dead, i'm saying theres nothing special about it, no pump potential be it artificial or well deserved. No chance to be used alongside bitcoin, or after it dies, because it would have to wait in a really long waiting line. So, it's good only for speculation, but unless youre a day trader, i dont see why would you invest in it. It's like investing in trumpcoin, no real profit potential unless theres a blatant manipulation and you exit in time.

mining1 did not said Monero is dead. I understand him he said, that Monero is right now at full potential.

But as MrGood stated, monero is only at start of its path. It sort of started with beginning of this year.

Monero newer planed to become next Bitcoin. Monero is and will be filling niche of anonymity. Something that bitcoin will never have.

and no coin will replace Bitcoin anytime soon anyway.

The facts say otherwise.

If Monero was a dead coin we wouldn't be here having this conversation. The anatomy of a dead coin is reminiscent of a ghost town complete with tumbleweed... which is the diametric opposite of where Monero is at. Monero most likely has the biggest active community outside of Bitcoin and Ethereum, which was clear from the recent StackExchange adoption. Recently its community stats were blowing Litecoin out of water.

Besides, Monero could always rebrand if necessary. If an alternative decimal place became dominant (like bit to Bitcoin) then that might happen organically anyway. Stranger things have happened. The truth is though, people are gravitating towards Monero because of the technology. If you don't understand that yet, then you are are fool among wolves.

 

I'm wonderin, why don't you guys dump this coin already? It seems to me that, for it's potential, this coin is already on the moon. There are so many crypto projects that hope to become the next "bitcoin" out there, and no one will succeed because if you want to replace the first comer you really need to be a game changer. Honestly, do you see monero as a game changer ? And even if it was a game changer, which isnt, but even if it was it wouldnt stand a chance because of it's horrible name. To name your project monero you must be a troll with no sense of humor.

That is likely to be the effect of BTC moving into ETH now. ETH is going to be sucking the oxygen out of the room for a while imo.

BTC just broke the end of the triangle (APEX) formed since last big dump  downward, this would imply that upward breakout was fake and we might go south soon. Everyone grab some popcorn, bears and bulls will fight hard

There was a very brief down spike to 0.002551 and for a few hours if you were lucky you could get a few at 0.00259

I was thinking it might have gone down to 0.0025 this morning which would have caused me to buy.  Maybe aminorex is generally correct  

I don't see btc going anywhere but sideways so if XMR goes down a bit I will convert some btc to XMR.

Edit:  I mean sell now guys.

ReEdit:: Look btc going down

It did?  i only see it to about 0.00259.

Well, it hit .00251

You mean 4$?. Im expecting >5$ at least by next feb-march. Could be one magnitude higher, thought:something like 600M marketcap when all the IPO/ICO coins goes ploff

No doubt Monero by the end of 2016 the price for one coin will be R4 or more

mcafee ~LOL~