Topic: [XMR] Monero Speculation - page 1964. (Read 3314330 times)

I wonder how many of the "bitcoin companies" are really just "crypto companies", and can easily pivot or add another coin to their service. I think that VCs probably have considered the slight possibility of another crypto overtaking bitcoin, and they would probably want their companies to be able to quickly adapt and become a forerunner of this new coin.


Let's make a bet. If monero reaches parity with bitcoin in 3 years, and given that it wasn't because crypto completely failed (so say the market cap of xmr > 8 billion)

Then I'll invite you to my mansion (that I haven't yet bought, of course) for a week-long feast, party 24-7.

Network effect is easy to achieve. Just a bullish overall trend will first attract VC money (this increases the marketcap which will help increasing even more network effect which increases the marketcap which increases even more the network effect which increases....

Development will follow pretty fast if the network effect is enough. Investors will invest in infrastructure and the development will be made in many ways.
That's how it was the case with btc. And if XMR gets bullish trend, there are for sure investors who want to invest in the bullish investment vehicle.
Nothing is 100 % sure, but this is pretty sure.

And I did not say it is a realistic scenario for Monero to reach BTC in marketcap in 3 years but it certainly is possible. Bitcoin started pretty much from nowhere and in 3 years it reached pretty decent market capitalisation - in 2011 the highest price was 32 usd and there was hardly anyone investing into Bitcoin.

Monero has the later mover advantage over bitcoin. Bitcoin have had to put a lot of resources on pioneering crypto currency, Monero on the other hand gets a set table.

3 years is on one hand a long time, on the other hand it is pretty darn short time. It's pretty hard to predict at this point how Monero adoption will go forward. Pretty much it needs some positive comments publically from people to whom the sheep listen to.

More realistic scenario for overtaking btc in marketcapwise is definetely 3+ years, but 3 years definetely is a possibility.
I am not jumping off the cliff if this will not happen.


I think it is important to keep on discussing this thing and rather aim at higher than lower. 

^^TrueCryptonaire did say "most optimistic". A possibility where Monero passes Bitcoin is if Bitcoin fails something crucial that Monero proves to be capable of. With the road that Bitcoin paved/is paving, operators can trivially accept Monero as the market calls for it, accelerating to the 10% critical adoption point through the rest of Bitcoin's network faster than one might expect.

Offtopic edit: reflecting on writing this, I now realize why I scored higher for "perceiving" than "judging" on this Myers-Briggs test I just took again after someone mentioned the INTJ archetype on the other thread


You didn't exactly set the best example for the guy lol though at least I generally share your general sentiment

Monero is more than 3 years behind in terms of development.
Monero is probably more than 3 years behind in terms of network effects.
Monero is probably more than 3 years behind in terms of being known to the public.
Monero is more than 3 years behind in terms of amount of news sources covering it.

Monero won't replace bitcoin. Not in a long time. And if bitcoin gets replaced by a fully anon coin, chances are it won't be monero. I think monero really should carve out its own niche. There's no need to compete against bitcoin.

I am glad that you had such a fundamental arguments backing your point.

No 

QED. 

Yup, it was not good for the bull trend to take it above 0.004 this fast. Man, when I went to sleep, the price was 0.0029 and in the morning when I woke up the price was 0.004. It was crazy.
This correction was healthy and probably it was done mainly by the profit takers.

I hope there is slower growth rate this time.
Going through the roof indicates coming dump so market making is important.

I don't think Monero will go to parity with bitcoin during this rally, but eventually I am speculating Monero will replace btc as # 1 crypto in years to come.
Keep in mind, the minimum blockreward gives out only <500 xmr daily.
Monero can realistically replace btc in 3 years (the most optimistic scenario). More realistic scenario is 3+ years. Pessimistic being XMR will stay like it is now (or going to 0.01 only, including going to 0 - now it is pretty close to the latter IMO).

Summa summarum, if you believe Monero will make a huge difference in the future, buy XMR, if you think it will stay like this, don't do anything and if you think it will go to 0, you may dump. However, you barely get ~ 1 usd each.

Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.

Available Supply      7.06 Million 
Total Supply            18.4 Million


Looks better to me, then I thought.

Another one I like

"Here's to the crazy ones"

IIRC I first encountered it around 2009 or -10, so you are likely correct.  Regardless, it still makes me smile.

I'm just impressed by everyone who made it past.


That is precisely as far as I was able to make it into that gem.

When I looking around to see where it came from most sources said the Walking Dead, but the comic book series not the TV show. The former dates back to 2003, so the T-shirt could be come from that. If there is an earlier source let me know and I will update my sig.

   I first saw that one on a T-shirt years ago, and attributed to various sources since then.  I like to pull it out for the dumb motherfuckers, from time to time 

before? like 5000+ Megabytes. the entire blockchain was stored in RAM

What kind of numbers was it before?

I see no evidence of a break in the trend. Up from 97k to 340k currently, which is a continuation from 320k before the failed run (on very low volume) at 400k.

Obviously time will tell.

I'm not aware of any "big news" other than de-anon FUD (if you wan't to call that big news even).

I am adding it. Too good to pass up!

90 isn't even possible for more than a few hours, unless btc goes up a lot.  I simply have too much fiat exposure for that to happen.