Topic: [XMR] Monero Speculation - page 368. (Read 3314316 times)

Monero was getting some momentum all signs were great...
Then entire crypto market drops 20%+
Gotta love crypto though in all seriousness its such a fickle market

That was just for lazy/ignorant/generous/impatient/urgent people.  It barely topped a dollar for anyone willing to push (literally) one or two buttons and risk (small risk) <4 minutes vs <2 to confirm. So I would multiply your findings by 4...

note:  I've been here since early 2014, and I did (guessing) more transactions in the last 6 months than the 3 prior years combined.  I paid a tick over a dollar once, and something like $60 once when I fucked up on margin and was desperate to cut every second possible from the confirmation time by guaranteeing the next block.

I wouldn't expect more than that this year.  My personal bull thoughts are 1500 worst case, 10K euphoria.  If there is a raging wild fire through cryptoland, then the bull may get grilled as steaks, and who knows how it plays out.  Still optimistic though currently down 50% for 2018.  There is a lot of 2018 remaining.  As for beyond that, highest price  I'd be pretty stunned to see it over 10 000 000, ever.  The $ comparison would fail before that happens, because nobody would be using $ for anything but paying taxes in the US, maybe not even that.

The market potential is in the trillions--based on the always expanding digital market for tax evasion and black markets.

Now will it capture all that market? Given its status as the best privacy coin, yes--when it comes to privacy, barring any significant price difference, people want to use the best tech as the human cost is dear to them. But that could change over time, so it would be foolish to presume that it will be the case for all time. So you buy and you watch the privacy market to see how Monero is progressing and any hedges you may want to make with interesting tech. One of the good things is that, at least as far as dark markets, privacy users are loyal--anyone who followed how long it took Monero to knock off a public blockchain can testify to that loyalty--AFAIK Bitcoin still has a lead on amount of tx on the dark market, though that's obviously shifting in Monero's favor as some of the  biggest markets add Monero.

So transaction fees were about 4 dollars or so when the price was 500. I suspect that around about a 4 dollar transaction fee is as much as the market will sustain. Bitcoin has managed to push higher but bitcoin is special. It is a powerful brand. So lets just say 4 dollars is about what someone is willing to pay in transaction fee for an altcoin and it was 4 dollars at 500 dollars. Bullet proofs will bring probably an 85% space savings. 80% on 2 output transactions but more space savings on transactions with more outputs so we need to increase it a bit above 80% to account for that. So with an 85% space savings and a 4 dollar transaction fee the price would be 6.6 times higher than 500. 500*6.6=3300.

So this is some super rough math but atleast it gives an idea of how to begin to approach this problem. Scalability is the limiting factor for cryptocurrencies right now and transaction fees are the measure of scalability (I know also centralization vs decentralization plays a role too but never the less). They are a reflection of the current progress in scaling technologies. The prices cant go higher until more and better scaling solutions are developed.

*edit*
Unless, as generalizethis points out, it starts getting valued as a tax haven type of reserve asset and not as a currency. Then people might be willing to deal with huge transaction fees. In which case the sky is the limit.

other simultaneities:
-financial crisis beginning in US
-political mess in the same country

Well what is the highest price do people think monero could become. Does anyone think it could possibly hit 5k or 10k or even more?

I do hope we see a bottom soon.  The charts keep on going down

good to be a contrarian.
it helps during difficult moments.

I don't understand when people ask this question. The lower the price the better the buy. It's twice as good of a buy as it was when it was twice the price.

Is Monero still a good buy now because of the prices?

I think this crash was planned and orchestrated, many things came together and created this perfect storm:

- The mid January (Asian New Years) sell off.

- CMC removing Korea without announcement.

- Whales dumping and weak hands jumping in.

- The mainstream media (and even Cointelegraph and others) writing fake news FUD articles every other day (whenever it went up a little). So many fake news articles: Korea bans Crypto, India bans crypto, the list goes on.

- Tether FUD. What happened to innocent until proven guilty? People just assumed that they are scammers. The reserve banks of the world print unlimited money and pump it into the economy, stock market etc. But Tether is the BIG problem?

- The 100 richest Bitcoin adresses have increased and not decreased their holdings during the last four weeks.


Anyway, this correction / crash might also be a good thing, a lot of people came in for the wrong reasons, not caring about blockchain technology at all, expecting to get rich in a few month. This might be a needed cleanse and gve a fresh start. At least thats what I’m telling myself.

By my calculations the Monero speculation thread is going to overtake the Monero ANN thread in page count in a month or two. Pretty sure this is the most bullish indicator in recent history, and likely indicates that the price per Monero will rise to match the total page count, so you can pretty much count on nearly $2k XMR by early April. Buy b42l8 and thank me later

Lol, they never rest.

https://bitcointalksearch.org/topic/m.29681823

Are you kidding? Monero is a alphabet soup black budget ops dream. Also a corrupt politician's dream. Also an oligarch's tax haven dream. It will find massive widespread adoption at various levels in the state and its connected cronies. Right now politicians and state actors push around budgets in the trillions, engage in massive corruption with said funds, only to reaping rewards in the single or double digit millions. That's an effective capture rate of as low as 0.001% in some cases. These people are going to be able to use monero and technologies like it to capture a much much larger share of the corruption that they participate in. They are going to LOVE monero.

I am still a big supporter of Monero and this project will be one of the coins that I hold for my whole life. It is one of the greatest long term invests because everyone wanna have Ecryption after we gone mainstream!

Stop spamming your bullshit thread bro.

Unless you can truly see into the future, in which case can I please have the lottery numbers for next week?

Even I don’t think it go that low.

I'll bet on it with you.