Topic: [XMR] Monero Speculation - page 1949. (Read 3314330 times)

My Long-Term Outlook:

Bulls are unable to protect $300 BTCUSD or $1 XMRUSD price levels. Now XMR and BTC must look to their "real economies" (non-speculative uses) as baseline support. Because XMR and BTC both have double-digit supply inflation, their real economies must expand at a triple-digit rate to safely overcome supply inflation. Let's look at the real economies.

XMR's real economy is driven mostly by Crypto-Kingdom.
BTC's real economy is driven mostly by Silk Road's descendants. (NOT Coinbase, Bitpay, Dell, Microsoft -- they don't soak up supply. They juggle bitcoins and then throw them back onto the market.)

Silk Road's descendants are not transparent so it is difficult to measure this economy's expansion. We can see that the number of listings has increased, but not at triple-digit rates. Crypto-Kingdom is more transparent. Its growth is good, but maintaining a triple-digit growth rate of players and economy will be difficult. Without the bulls on our side, we have to prepare for a long, drawn-out decline to baseline support, where almost no one wants BTC and XMR except for Silk Road users and Crypto-Kingdom players. Where they are the only people standing between oversold price levels and oblivion.

In 2021, the inflation situation will be reversed. Bitcoin and Monero's supply inflation will be down to single-digits (closer to 2-3%), but their real economies will likely be expanding at double-digit rates. Sometime between 2015 and 2021, the pin will drop. We don't need to defeat the bears. We only have to survive them.