It is just a matter of time when Monero will reach the parity with btc.
Again, 5,000 btc marketbuy gets you there and probably 10,000-20,000 btc will hold you there...
I wonder who is the first to pull the trigger.
Again, 5,000 btc marketbuy gets you there and probably 10,000-20,000 btc will hold you there...
I wonder who is the first to pull the trigger.
Heh, actually since someone first mentioned that a million dollars would get us there really got me thinking..
I mean, the sum of money we're talking about is equivalent to the spending that a single medium-sized company (worth 50-100 million USD) would typically spend on a single major facility renovation.
We're talking about something as small as adding a 30' length of hallway, and three or four production rooms with blenders and automated packaging lines in a single FDA regulated food manufacturing facility could be that much..
Just the relatively minimal amount of money is what's getting at me..
I like them odds.
Nice observation. The analogy is fairly accurate, but please let me add that the total cap for BTC is only "a mere" 3.4Bn. What we think it's "big" may be very small for ie: a hedge fund that will decide to "invest" $1Bn in BTC (or XMR) for that matter. Those funds though, are not in because they believe in crypto, rather than make more fiat from trading. So, it may cause a short bubble that will temporarily push the coin but then will fall back.
