60k Moneroj. Will i be a millionaire by 2017?

[blacky90]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

[TrueCryptonaire]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

Yes it is possible.
The emission is pretty dry in 2017.
If everything goes as planned, it will the year when people start feeling the severity of Monero shortages around the globe.
People without Monero will appear as miserable as third world people without pure water.

[upsidedown75]

If you can afford to lose your $30k, you can try it. It is possible. A Monero price of around $7-8 in two years is likely.

[From Above]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

ROFL!
Plz do it man

but dont stop believing! its certainly gonna become real!
monero will take over the world and we'll all use it (lol) and u'll be millionaire (lol),
also remember munero is *not* some garbage junk by any means (lollerskates)

~CfA~

[aleix]

Remember: Don't invest more than you can afford to lose.

This is valid for Monero, BTC, Dash, Namecoin, etc.

[TrueCryptonaire]

Remember: Don't invest more than you can afford to lose.

This is valid for Monero, BTC, Dash, Namecoin, etc.

That's true.
However, one cannot become rich unless one do not take any risk in life.
For some people 30 k is big money, for some people not so... If you are working in job that pays you nicely, then you most likely recover from 30 k loss faster than someone flipping burgers.

[cinnamon_carter]

i would not do it

[TrueCryptonaire]

i would not do it

The most will not do it indeed.
However, bear in mind the most people are not millionaires in 2017.

I am not promising Monero will rise that much but certainly the chances are there.

[aleix]

I suggest a good research about technology and community support (this is a must in any invesment in any coin)

You can start here:

http://forum.getmonero.org


draw your own conclusions

[canth]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

The bigger question as others have alluded to, is this money you can afford to lose? Are you younger with plenty of earning potential or nearing retirement? Does this represent the majority of your investments or <10%? Every crypotocurrency investment would be classified as high risk with possible high reward.

[Snail2]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

That depends on the monero devs and community. If they can turn monero to something easy to use for everyone (mobile/light clients) and if they can put widely used real life services in the foreground then yes, it could go to "da moon", and you can be a millionaire .

[TrueCryptonaire]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

That depends on the monero devs and community. If they can turn monero to something easy to use for everyone (mobile/light clients) and if they can put widely used real life services in the foreground then yes, it could go to "da moon", and you can be a millionaire .

In my opinion you fail to understand the fact that Monero can be used also as a store of value.
You do not buy bread with gold coins, do you? Still gold is considered valuable.

Even if Monero will never reach mainstream adoption, it can reach the adoption of store of value.
When you need a loaf of bread, you just convert 0.000001 XMR to fiat and buy a loaf of bread, and when you close a real estate deal, you store the money into Moneros waiting to be used/invested somewhere else.
A coin like Monero is actually pretty ideal for store of value: it is anonymous so nobody knows your balances unless you choose to reveal it. The coin supply is low which make it scarce (like gold).

In 20+ years I see one Monero costing 1 000 000 usd - and it may even be a bargain at that time.
The current Monero holders do not bother to sell any of their coins since they have so much money that they do not care anything anymore.

[kekek]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

Chances are you will lose most if not all of that money.

[Snail2]

In my opinion you fail to understand the fact that Monero can be used also as a store of value.
You do not buy bread with gold coins, do you? Still gold is considered valuable.

Even if Monero will never reach mainstream adoption, it can reach the adoption of store of value.
When you need a loaf of bread, you just convert 0.000001 XMR to fiat and buy a loaf of bread, and when you close a real estate deal, you store the money into Moneros waiting to be used/invested somewhere else.
A coin like Monero is actually pretty ideal for store of value: it is anonymous so nobody knows your balances unless you choose to reveal it. The coin supply is low which make it scarce (like gold).

In 20+ years I see one Monero costing 1 000 000 usd - and it may even be a bargain at that time.
The current Monero holders do not bother to sell any of their coins since they have so much money that they do not care anything anymore.

Gold is a store of value, because of gold is gold everywhere and traditionally considered valuable by everyone. I don't see how monero can achieve such an universal consensus. By acceptance BTC, LTC, and several other coins are way ahead of it, technologically it's inferior to NXT and most of the gen2 coins (OK, I know most or those G2 coins exist only on paper, or in early beta), if we look at the popularity I'd say there are a lot of coins what doing far better. Then why monero?

[TrueCryptonaire]

In my opinion you fail to understand the fact that Monero can be used also as a store of value.
You do not buy bread with gold coins, do you? Still gold is considered valuable.

Even if Monero will never reach mainstream adoption, it can reach the adoption of store of value.
When you need a loaf of bread, you just convert 0.000001 XMR to fiat and buy a loaf of bread, and when you close a real estate deal, you store the money into Moneros waiting to be used/invested somewhere else.
A coin like Monero is actually pretty ideal for store of value: it is anonymous so nobody knows your balances unless you choose to reveal it. The coin supply is low which make it scarce (like gold).

In 20+ years I see one Monero costing 1 000 000 usd - and it may even be a bargain at that time.
The current Monero holders do not bother to sell any of their coins since they have so much money that they do not care anything anymore.

Gold is a store of value, because of gold is gold everywhere and traditionally considered valuable by everyone. I don't see how monero can achieve such an universal consensus. By acceptance BTC, LTC, and several other coins are way ahead of it, technologically it's inferior to NXT and most of the gen2 coins (OK, I know most or those G2 coins exist only on paper, or in early beta), if we look at the popularity I'd say there are a lot of coins what doing far better. Then why monero?

Your question is relevant.
The technical level of coin is not the major issue why some coin will be chosen.
More important features are issues such as no premine (every holder needs to invest money in getting coins).
The community needs to be large enough to bail out a person who wishes to sell bigger amount of coins without causing too much damage to the marketcap.
Therefore the network effect is the most important thing. You might have the shiniest tech and the most beautiful wallet but if nobody or only a few people are willing to hold the coins, it is relatively worthless.

Why Monero could replace or suplement gold bullion in the years to come:

1) Emission. Most of Moneros will be mined in early 2020's but there will be a small annual increase of coins. Sounds like gold, doesn't it.
2) Anonymity. Like gold bullion in your own vault is anonymous so is Monero.
3) Fungibility (https://en.wikipedia.org/wiki/Fungibility ). Moneros also do not carry the problems of being labelled to some coins perhaps stolen from an exchange XYZ.
4) Community. Monero seem to be relatively attracting coin. The community seem to grow and no doubt the best growth rate is still ahead once the coin is introduced to people outside BTCT. The world is ready for a crypto and Monero due to the emission curve and due to feature of easiness of pumping (even one bigger investor can literally drive Monero to the moon) in the future has pretty good chances to grow big.

[btcjoin14]

can be, but the golden times for altcoins are over now .
2014 was a good year to make money (BTC)

[illodin]

Thinking about to buy 60k xmr. What so you guys think, is it possible to become a millionaire in 2 years?

Depends on whether the GUI wallet will be ready by then. I heard it will go to MOON when the GUI is released. Could be closer to 3 years though.

[XMRChina]

Worry less about price and focus on the privacy Monero can provide.

If 60,000 Monero is more than you can afford then I suggest you don't buy so many

You can achieve privacy and make transactions with a small amount of XMR

[jeannemadrigal2]

The interesting thing is that if monero goes up and oy uput in that much, we will call you genius.  Otherwise we will call you a fool.

[rangedriver]

The interesting thing is that if monero goes up and oy uput in that much, we will call you genius.  Otherwise we will call you a fool.

The distance between insanity and genius is measured only by success.