When do you think Monero and Bitcoin will reach price parity?

[americanpegasus]

As Monero gets ready to graduate, and the GUI and Ring CT take front stage, I can't help but wonder - when will people realize they are still transacting on the equivalent of a VCR? 
 
Yes, we all have VCRs, and we all have invested a lot of time in building a great network of business and tech supporting them... But guys - we just invented the crypto equivalent of the DVD.  It's called Monero, and it does something Bitcoin can never do.  It incorporates true protocol level privacy from the first block to the last. 
 
So how much longer will we denominate Monero in fractions of a Bitcoin?  It can't be that much longer.  I predict by 2019 we will see a monster shift and a black swan almost no one sees - not even the crypto faithful. 
 
That's right.  Monero, not Bitcoin will become the default unit of crypto accounting.  Why?  Consider this: what's privacy worth?  It's worth a lot.  In fact, mathematics and economics predicts that privacy is usually worth 15x to 20x worth the public equivalent.  So expect it. 
 
By the 2020's, XMR:BTC will be at around a 20:1 ratio.  You heard it here first.

[1714280597]

1714280597

[sandiman]

As Monero gets ready to graduate, and the GUI and Ring CT take front stage, I can't help but wonder - when will people realize they are still transacting on the equivalent of a VCR? 
 
Yes, we all have VCRs, and we all have invested a lot of time in building a great network of business and tech supporting them... But guys - we just invented the crypto equivalent of the DVD.  It's called Monero, and it does something Bitcoin can never do.  It incorporates true protocol level privacy from the first block to the last. 
 
So how much longer will we denominate Monero in fractions of a Bitcoin?  It can't be that much longer.  I predict by 2019 we will see a monster shift and a black swan almost no one sees - not even the crypto faithful. 
 
That's right.  Monero, not Bitcoin will become the default unit of crypto accounting.  Why?  Consider this: what's privacy worth?  It's worth a lot.  In fact, mathematics and economics predicts that privacy is usually worth 15x to 20x worth the public equivalent.  So expect it. 
 
By the 2020's, XMR:BTC will be at around a 20:1 ratio.  You heard it here first.

https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001

[DaveyJones]

As Monero gets ready to graduate, and the GUI and Ring CT take front stage, I can't help but wonder - when will people realize they are still transacting on the equivalent of a VCR? 
 
Yes, we all have VCRs, and we all have invested a lot of time in building a great network of business and tech supporting them... But guys - we just invented the crypto equivalent of the DVD.  It's called Monero, and it does something Bitcoin can never do.  It incorporates true protocol level privacy from the first block to the last. 
 
So how much longer will we denominate Monero in fractions of a Bitcoin?  It can't be that much longer.  I predict by 2019 we will see a monster shift and a black swan almost no one sees - not even the crypto faithful. 
 
That's right.  Monero, not Bitcoin will become the default unit of crypto accounting.  Why?  Consider this: what's privacy worth?  It's worth a lot.  In fact, mathematics and economics predicts that privacy is usually worth 15x to 20x worth the public equivalent.  So expect it. 
 
By the 2020's, XMR:BTC will be at around a 20:1 ratio.  You heard it here first.

https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001

Sandiman you know... if bitcoin ever did what it COULD do... there would be no alt-scene and no one would be talking here, you been here long enough to know that.

[americanpegasus]

https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001

"Now for the bad news. Mimblewimble, in its current form, is not very compatible with the Bitcoin protocol. This is mainly because for Mimblewimble to work, script must be purged from transactions. As such, there would no longer be room for a whole set of Bitcoin features, like time-locked transactions (used for the Lightning Network among other things), atomic swaps (for cross-blockchain interoperability), and more.

But that doesn’t make Mimblewimble useless. Mimblewimble may, for instance, be the perfect fit for a privacy-focused sidechain. Bitcoin users could lock their bitcoins into a specific output on the Bitcoin blockchain and “move” their coins to the Mimblewimble chain. On this sidechain, users could transact freely and privately for as long as they want, until the new owner decides to “move” the funds back to the Bitcoin blockchain by unlocking the original output."  
  
Hmmm..... Now what does that remind me of? 
 
http://www.cnet.com/news/nsa-likely-targets-anybody-whos-tor-curious/  
  
Add-on privacy, treating untraceability as some kind of bonus feature WILL. NOT.  WORK.  This shows it.  Privacy must be inherent in a protocol from day one, block one - no exceptions.

[sandiman]

Sandiman you know... if bitcoin ever did what it COULD do... there would be no alt-scene and no one would be talking here, you been here long enough to know that.

Never said that, I am far away from being a bitcoin maximalist. Nonetheless, bitcoin related development should not be under estimated. I couldn't find the chart highlighting my point, but a big portion of btc transaction volume is a consequence of project development on the bitcoin network.

https://bitcoinmagazine.com/articles/mimblewimble-how-a-stripped-down-version-of-bitcoin-could-improve-privacy-fungibility-and-scalability-all-at-once-1471038001

"Now for the bad news. Mimblewimble, in its current form, is not very compatible with the Bitcoin protocol. This is mainly because for Mimblewimble to work, script must be purged from transactions. As such, there would no longer be room for a whole set of Bitcoin features, like time-locked transactions (used for the Lightning Network among other things), atomic swaps (for cross-blockchain interoperability), and more.

But that doesn’t make Mimblewimble useless. Mimblewimble may, for instance, be the perfect fit for a privacy-focused sidechain. Bitcoin users could lock their bitcoins into a specific output on the Bitcoin blockchain and “move” their coins to the Mimblewimble chain. On this sidechain, users could transact freely and privately for as long as they want, until the new owner decides to “move” the funds back to the Bitcoin blockchain by unlocking the original output." 
 
Hmmm..... Now what does that remind me of? 
 
http://www.cnet.com/news/nsa-likely-targets-anybody-whos-tor-curious/ 
 
Add-on privacy, treating untraceability as some kind of bonus feature WILL. NOT.  WORK.  This shows it.  Privacy must be inherent in a protocol from day one, block one - no exceptions.

I can agree with that, but as time goes on, monero chance of enjoying network effect and so a minimal point of adoption for its long term survival are reducing.

[ihanaihana]

You mean xmr/btc =1? I think is impossible cause eth, dash can't be that, xmr can't do it either, xmr is a terrific coin but not all altcoins can be bitcoin.

[Ayoung]

Very imposible is monero price in same one bitcoin
monero price and community still under ethereum and litecoin
is hihger over price litecoin is super very good but still imposible

[Mike8]

By the 2020's, XMR:BTC will be at around a 20:1 ratio.  You heard it here first.

This could happen only if something really bad happens to BTC and everything crumbles to dust.
I prefer something more realistic like 1 XMR = 0.25 BTC and both going upwards nicely. But even this is extremely hard to achieve.

[bbc.reporter]

I would say it would be impossible to reach BTC parity. Are you crazy? But we have been proven wrong before with the case of Bitcoin. No one would believe it would reach prices above $100 4 or 5 years ago.

[Omegasun]

I would say it would be impossible to reach BTC parity. Are you crazy? But we have been proven wrong before with the case of Bitcoin. No one would believe it would reach prices above $100 4 or 5 years ago.

but XAU breaks the record of bitcoin and setting 2BTC up market price lately.. Gold is the best investment here in crypto currency.
I think monero have the possibility to do it because the devs is very optimistic, I can't estimate the time for it but predict that it can reach it maybe 10 years from now.

[Denker]

I would say it would be impossible to reach BTC parity. Are you crazy? But we have been proven wrong before with the case of Bitcoin. No one would believe it would reach prices above $100 4 or 5 years ago.

As far as I know Monero is an infltionary coin.So no limit in coin supply!
And to reach parity I think there is only one possibility.This is Bitcoin has to lose massively in value.
But I doubt that this is going to happen.Sure there are no certainties and sometimes even the worst case happens.However I believe in terms of Bitcoin it is very unlikely.Monero had a huge pump.But I doubt it will pump to the 3 digitd or even high 2 digits.
Everybody invested in Monero enjoy the pump, but do not over ride it.Correction/dump will happen as this is needed due to market behaviours and a healthy price development.

[LordCoder]

Probably we won't see that in the near future. Just because an altcoin will never get the marketcap as the original cryptocurrency Bitcoin.

[obit33]

This could happen only if something really bad happens to BTC and everything crumbles to dust.

something really bad WILL happen to bitcoin... people will start to realize that bitcoin is not fungible

[TrueCryptonaire]

I told Monero will reach parity with bitcoin in 2015 spring but I was ridiculed out by Warz and some others who decided to dump their coins (you can verify this by browsing my post history).
I was told that I am delusional.

So parity between Monero and bitcoin is nothing new... In fact, I have started pondering the idea of Monero being more valuable than bitcoin and the fair value should be something like 1500+ usd/xmr which is roughly 2.5+ bitcoins.

[shanem]

No way will XMR and BTC reach price parity. BTC is accepted in many places and is listed on many big exchanges.
XMR is an anonymous coin and will not gain popularity with businesses and banks. Government will not support anon coins too.

[European Central Bank]

never. the only reason people are getting excited about it is the anonymity.

there'll be a better alt that's anonymous, scalable from minute one and has a full set of facilities. one pump does not make a world beater.

[TrueCryptonaire]

never. the only reason people are getting excited about it is the anonymity.

there'll be a better alt that's anonymous, scalable from minute one and has a full set of facilities. one pump does not make a world beater.

If you think this is pure pump and dump, then you can benefit from that view as follows: Go to Poloniex. Deposit some bitcoins. Transfer the bitcoins to margin trading account. Pick Monero. Then Sell Monero. There are currently 112 000 XMR (over 400 k USD) available for you to short. When the price drops you can buy back the coins for cheaper and pocket the difference. If the price rises, then you get forced liquadation.

[European Central Bank]

always amazed at the faith of some people that something better than cryptonote and bitcoin will popup tomorrow and everyone will trust it from day 0 and it will surpass both monero and bitcoin, yeah keep waiting.

i'm not saying bitcoin's gonna get taken over. I am saying there'll be better alts and there's nothing stopping any alt from being dropped immediately if something juicier comes along.

monero's doing the right thing by chasing some actual adoption and maybe that'll stop it from being usurped.

[americanpegasus]

always amazed at the faith of some people that something better than cryptonote and bitcoin will popup tomorrow and everyone will trust it from day 0 and it will surpass both monero and bitcoin, yeah keep waiting.

i'm not saying bitcoin's gonna get taken over. I am saying there'll be better alts and there's nothing stopping any alt from being dropped immediately if something juicier comes along.

monero's doing the right thing by chasing some actual adoption and maybe that'll stop it from being usurped.

Describe a better alt than Monero and how it would work. 
 
Or do you just assume incredibly complex tech is magic and better versions can be summoned at the whim of a sorcerer?

[smoothie]

You mean xmr/btc =1? I think is impossible cause eth, dash can't be that, xmr can't do it either, xmr is a terrific coin but not all altcoins can be bitcoin.

He is saying it will surpass Bitcoin thus not being "Bitcoin".

I have no clue if monero will get to bitcoin parity.