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Author Topic: 1 XMR = 0.1 BTC  (Read 1570 times)
Ketariz
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October 23, 2016, 10:11:24 AM
 #21

Well to me it seams that XMR is pretty much tied to the USD value, and therefore every step up bitcoin makes (pricewise) will be a step back on the XMR/BTC pair.
That rise to 0.025 is something that could have been used to gain a nice stack by xmr holders, but if u failed to do so, i really doubt there will be similar chance anymore.

That is right. I think the Monero price is unrelated to the bitcoin. There are two different usage for either coin.
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October 23, 2016, 10:52:17 AM
 #22

You can imagine this, that price: 1 XMR = 0.1 BTC?

rising from current price which is 0.0099 to 0.1BTC means it should go up about 10x which is impossible not only because it is a huge rise but also because no altcoin has ever went up there since so many would dump before that price.

but i can see this in a couple of years though

Namecoin reached 0.14BTC in June of 2011 on bitparking exchange when it was open.

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Pattberry
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October 23, 2016, 12:00:27 PM
 #23

You can imagine this, that price: 1 XMR = 0.1 BTC?
for that to happen either the bitcoin market crashes or monero has to gain momentum and i do not think that will happen,when government start reviewing the crypto world i am sure these sort of untraceable coins will be under fire and eventually they can break and i am sure governments will take that seriously because they will use terrorism funding as the primary reason.
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October 23, 2016, 06:17:31 PM
 #24

If this happens in the future at some of the days (1 XMR = 0.1 BTC), what would you do or how you react to this situation?

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October 24, 2016, 06:57:37 AM
 #25

You can imagine this, that price: 1 XMR = 0.1 BTC?
for that to happen either the bitcoin market crashes or monero has to gain momentum and i do not think that will happen,when government start reviewing the crypto world i am sure these sort of untraceable coins will be under fire and eventually they can break and i am sure governments will take that seriously because they will use terrorism funding as the primary reason.

If it's true -what i doubt- then we will see this already happening with zcash soon. Futures are already > 0.1
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October 24, 2016, 07:37:58 AM
 #26

You can imagine this, that price: 1 XMR = 0.1 BTC?

rising from current price which is 0.0099 to 0.1BTC means it should go up about 10x which is impossible not only because it is a huge rise but also because no altcoin has ever went up there since so many would dump before that price.

but i can see this in a couple of years though

Namecoin reached 0.14BTC in June of 2011 on bitparking exchange when it was open.

very interesting, but do you have any reference for that? because for some reason i can not find the price before 2013! and all the prices that i can find on bitcointalk back in 2011 are saying price was 0.03BTC

also i should mention that back in June 2011 bitcoin price was between $9-$31 so NMC would have been $0.9-$3.1 depending on when, which is not really big.

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October 26, 2016, 03:39:15 PM
 #27

The price is currently getting dumped hard as that only happened what everyone was afraid of...
What everyone talked when people started buying hard was, even Darknet people need Bitcoins for which they would surely dump their XMR on it...

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October 26, 2016, 05:06:45 PM
 #28

The price is currently getting dumped hard as that only happened what everyone was afraid of...
What everyone talked when people started buying hard was, even Darknet people need Bitcoins for which they would surely dump their XMR on it...

The price of the Monero rose 10 folds in the last 6 months. So there is no surprise if it drops to 50% of current value.
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