Will Monero Reach $500 in 2019?

[Febo]

$500 is a very high price, I'm pessimistic this year can be achieved. Monero might be good at the moment but the market still doesn't have the power to try to rise. so it's impossible that this can become a reality..

Actually it can happen quite easy , if btc will bypass over 20k USD then monero can do easy 500$ aswell , same goes for other tokens/coins . Im hoping eth will go back to 1.2K in future and even more . Can you imagine ETH being at 5k USD range ? Seems unreal , like it was when eth was at 10$ range =]

Bitcoin will not be $20000 in 2019.  It is possible to get over $10000, but not that huge chances. $20000 is almost totally impossible.

[mv1986]

There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

Monero will have 18.1 million mined mid 2022. So in 3 years time.  After that it will add like 150k XMR every year. And that way forever secured its network not needed  to rely on fees.  Number of daily mined Monero decrease drastically. and went from 25k in April 2014 to 2150 XMR today. 25k XMR mined daily was huge selling pressure that kept Monero price low for years. Now that pressure is slowly going away and that will reflect on Monero Bitcoin ratio.

I dont think $500 Monero in 2019 is likely to happen. Yes of course it is possible but for that needs a serious adoption to happen. Without that adoption to happen and relying only on Bitcoin cycle we should see a $500 Monero in beginning of 2021.

I didn't know that there will be a constant issuance of 150k Monero per year. Will it be 150k per year infinitely?

Every year the issue of Monero coins will decrease.
but in the coming years, the release of new coins will be at the level of 100-150 thousand per year.

Yes and then finally the block reward will go to zero and the network incentives will only come from transaction fees?

No it will stay at around 150k.  What will decrease is a % that that will add to the whole number of coins in existence. I believe it will be 0.87% yearly and then just decreases slowly.   Gold yearly mined inflation is between 1.5% and 2%.  Current Monero yearly issuance inflation is around 4%

Ok thank you for the clarification. Do you think that it is good to have an infinite issuance of 150k per year? Could that in theory be changed if the majority of the network agrees or what are the majority rules for such changes? Do you know that?

Of course it is good since it is the only way to secure the network. Fees will never be high enough to secure network on its own. Bitcoin and many other copies of Bitcon will have this problem to add tail emission "soon". In Bitcoins case in about 15 years time.  Main point of money is top be secure. If someone make you think he sent you coins but he did not then that is not the money anymore and value of such coins will be zero.

And what if Bitcoin turns into a pure store of value? Wouldn't it even be better for it to become deflationary?

How can you store value if anyone can make 51% attack and fake its transaction that never happened? Would that not make that coin worthless? If you would be always scared that whenever you receive Bitcoins you would get fake ones?   When network is not secured enough and I believe you cant secure it just with fees. Then this will happen.  But as I said. Bitcoin should be safe until at least year 2040. So there is plenty of time to find solution or add tail emission like Monero solved this problem.

Monero with 0.8% yearly emission will be deflationary. I am totally positive about that. That will barely cover the lost coins. As I mention before that will be even less then half less as gold have. Is gold inflationary? I dont think so. One ounce of gold bought you an amour in roman times. One ounce of gold bought you a business suit 100 years ago and one ounce of gold buys you a designers outfit today. So pretty neutral, nor deflationary nor inflationary.   And gold was tested over several millenniums. So the answer is pretty clear. Monero will be deflationary. So as Bitcoin already 6 years from now.

This is a huge exaggeration to say that anyone could pull off a successful 51% attack on the Bitcoin network. You need the hardware and all the other resources. who has that and once somebody has it, why not just use it to mine it?

[Sellman]

Bitcoin will not be $20000 in 2019.  It is possible to get over $10000, but not that huge chances. $20000 is almost totally impossible.

The next station that Bitcoin has to surpass is $6000, that might be reached soon, but the point at $10000 is very difficult in next few months.
For now, even the point at $10000 is nearly impossible. I don't think bitcoin can hit $10000 anytime in the current year.

This is a huge exaggeration to say that anyone could pull off a successful 51% attack on the Bitcoin network. You need the hardware and all the other resources. who has that and once somebody has it, why not just use it to mine it?

Bitman can do that if they want, but I don't see such attacks bring benefits to Bitman, or maybe others. Such attacks, if happen will only bring negative things on bitcoin and crypto, it is bad in general and everyone will be affected.

[pedpedped101]

Several coins were being predicated to rise tremendously in this year, but I my own opinion, it is too early. Well, the market might really improve and appreciate this year, but monero might not grow to that level.

[kevinzxz]

I am sure that can happen if the price of Bitcoin is $ 25000, because if the price of Bitcoin rises to $ 25000, then all cryptocurrency prices will increase very high (bull run) including Monero prices, but if the price of Bitcoin has not reached $ 25000, then I think Monero it will be difficult to reach $ 500 by 2019, although that might happen but with very little possibility, unless the price of Bitcoin rises to $ 25000 then I think the opportunity for Monero to increase $ 500 will be greater.

[zissmieus]

I think it is very difficult for Monero to achieve a value of $ 500. I think a lot of factors are needed to achieve that value, but now there is still a need for BTC to increase its confidence and confidence in this market. They need to learn and learn more to be able to trust and invest in this market as well as Monero to help its value increase. And of course, the more difficult the coin is to exploit it, and the higher the difficulty level will be, the higher the value will be pushed.

[taguig]

There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.

You can find detail info also here: Monero Price Prediction

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

There's a big possibility that it could happen if the bull trend continues, right now we have a good run if this continues and all the coins are going up it has potential, and it could happen last quarter of this year.

[Mark_trader]

It is absolutely true that we will get a cheaper price if we can buy directly, and Monero is a very good place for future investment, and I am very confident that in the future the price of monero will soar even higher, and now is the right time to buy Monero prices are currently experiencing a very deep decline but  provides a great opportunity to profit too.

[Febo]

There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

Monero will have 18.1 million mined mid 2022. So in 3 years time.  After that it will add like 150k XMR every year. And that way forever secured its network not needed  to rely on fees.  Number of daily mined Monero decrease drastically. and went from 25k in April 2014 to 2150 XMR today. 25k XMR mined daily was huge selling pressure that kept Monero price low for years. Now that pressure is slowly going away and that will reflect on Monero Bitcoin ratio.

I dont think $500 Monero in 2019 is likely to happen. Yes of course it is possible but for that needs a serious adoption to happen. Without that adoption to happen and relying only on Bitcoin cycle we should see a $500 Monero in beginning of 2021.

I didn't know that there will be a constant issuance of 150k Monero per year. Will it be 150k per year infinitely?

Every year the issue of Monero coins will decrease.
but in the coming years, the release of new coins will be at the level of 100-150 thousand per year.

Yes and then finally the block reward will go to zero and the network incentives will only come from transaction fees?

No it will stay at around 150k.  What will decrease is a % that that will add to the whole number of coins in existence. I believe it will be 0.87% yearly and then just decreases slowly.   Gold yearly mined inflation is between 1.5% and 2%.  Current Monero yearly issuance inflation is around 4%

Ok thank you for the clarification. Do you think that it is good to have an infinite issuance of 150k per year? Could that in theory be changed if the majority of the network agrees or what are the majority rules for such changes? Do you know that?

Of course it is good since it is the only way to secure the network. Fees will never be high enough to secure network on its own. Bitcoin and many other copies of Bitcon will have this problem to add tail emission "soon". In Bitcoins case in about 15 years time.  Main point of money is top be secure. If someone make you think he sent you coins but he did not then that is not the money anymore and value of such coins will be zero.

And what if Bitcoin turns into a pure store of value? Wouldn't it even be better for it to become deflationary?

How can you store value if anyone can make 51% attack and fake its transaction that never happened? Would that not make that coin worthless? If you would be always scared that whenever you receive Bitcoins you would get fake ones?   When network is not secured enough and I believe you cant secure it just with fees. Then this will happen.  But as I said. Bitcoin should be safe until at least year 2040. So there is plenty of time to find solution or add tail emission like Monero solved this problem.

Monero with 0.8% yearly emission will be deflationary. I am totally positive about that. That will barely cover the lost coins. As I mention before that will be even less then half less as gold have. Is gold inflationary? I dont think so. One ounce of gold bought you an amour in roman times. One ounce of gold bought you a business suit 100 years ago and one ounce of gold buys you a designers outfit today. So pretty neutral, nor deflationary nor inflationary.   And gold was tested over several millenniums. So the answer is pretty clear. Monero will be deflationary. So as Bitcoin already 6 years from now.

This is a huge exaggeration to say that anyone could pull off a successful 51% attack on the Bitcoin network. You need the hardware and all the other resources. who has that and once somebody has it, why not just use it to mine it?

This is not what I wrote. Have you read what I wrote or not?  Let me try to explain once again just for you.

Bitcoin secures its network right now with coinbase. 12.5 BTC, there is also some from fees. I see in last 10 blocks fees were from 0.1-1 BTC.  This Bitcoins secure network. This is why miners mine. Now coinbase is halving every 4 years and in like 15-20 years will get quite low. Lightning dont use any fees. If most transactions will go on lighting then fees will not increase and will stay at similar level as now. This as a result will make Bitcoin network insecure. Bitcoin developers will have to find a solution. There is plenty of time for that. One of the solutions is to add more supply like Monero did.  

[Geraico]

Is looking very good, but I don't think that will reach 500 is a bit too much for 2019, but who knows...

[erkan.camli]

I don't think he's going to go that high. The reason for this is that the bull season still does not come. If the bull arrives in 2020, it will reach the values ​​you specified. However, in 2019, this seems unlikely.

[JuliaJi]

of course, it possible if bitcoin will grow to 15k $, As I understand when btc is growing - everything will grow too, so monero is perspective as others

[Febo]

of course, it possible if bitcoin will grow to 15k $, As I understand when btc is growing - everything will grow too, so monero is perspective as others

But Bitcoin will not be $15000 in 2019. 2020 is different story.  But hopefully Monero will make a leg up on itself this year.

[makerst]

If bodies such as the SEC do not stop monitoring cryptocurrencies and try to verify us, then nothing will happen, but if they do this, projects like Monero will have a big increase in price. On the other hand, how do we know with you that this project really has great opportunities.

[zulfi125]

As you know prices of all coins and tokens are down at this time BTC also down so in coming months or end of the 2019 it hope that Monero will reach $500.

[nikola22]

Monero won't reach $500 in 2019 and may not reach this price ever. this coin is used for privacy and such demand is limited.

[olamidey]

Even though it's a privacy coin with anonymous transactions, I seriously doubt this happening this year. The current market is yet to recover from the bear and untill it's stable then you can talk of higher value for xmr. Though it's has a finite supply, a higher price for bitcoin may just push it up a bit but not up to $500

[johan36]

I don't think Monero will reach $ 500 that soon, maybe next year although I doubt it will reach that price , I believe Monero is good coin and one of my mainstay coins .

[trashman43]

There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Similarly, it can be predicted that the more finite Monero will become as a cryptocurrency, the more likely it is for the prices of Monero to shoot up.

You can find detail info also here: Monero Price Prediction

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

This kind of statistics in the crypto ecosystem does not really guarantee that there will be an increase in the market value of a particular crypto coin. Considering the current state of the crypto market, there is no chance that the price of Monero reaching $500 at the end of 2019. The possible price of Monero can attain at the end of 2019 will be between $90 and $100.

[pushups44]

As a leading privacy coin with a talented development team, Monero (XMR) can potentially reach $500 at some point in the future, but I wouldn't bank on it in 2019. We are not even sure if the bear market has ended yet. Part of what makes XMR so enticing is that its supply is limited.