[XMR] Monero Speculation

[ArticMine]

Mark my words. Monero will be at a 100 billion marketcap by the end of the year. With so many upcoming updates to the coin and on top of that ledger and IOS wallet. If everything pans out and there isnt a crypto meltdown. It is just a matter of time that bulletsproofs, kovri etc. will come. This is the best coin for real life use and WILL BE BACK TO THE TOP 10 if not, higher. Everyone is trying to make a quick buck from all these pump and dumps but when the dust settles only the strong, solid coins survive.

Prediction:  100 billion marketcap by end of 2018.

It is certainly within the realm of possibilities and less than predicting a 100 million USD market cap at the end of 2016, 2 years ago. Still past performance is no guarantee of future results.

[1713498062]

1713498062

[1713498062]

1713498062

[ajiejot]

Mark my words. Monero will be at a 100 billion marketcap by the end of the year. With so many upcoming updates to the coin and on top of that ledger and IOS wallet. If everything pans out and there isnt a crypto meltdown. It is just a matter of time that bulletsproofs, kovri etc. will come. This is the best coin for real life use and WILL BE BACK TO THE TOP 10 if not, higher. Everyone is trying to make a quick buck from all these pump and dumps but when the dust settles only the strong, solid coins survive.

Prediction:  100 billion marketcap by end of 2018.

I believe on this. Monero has very many projects and updates this year. Their coin is really good, privacy coin. Really promising coin. Sending and receiving of monero is really no problem in monero and have privacy for both sender and receiver.

[KiXiNiT]

Mark my words. Monero will be at a 100 billion marketcap by the end of the year. With so many upcoming updates to the coin and on top of that ledger and IOS wallet. If everything pans out and there isnt a crypto meltdown. It is just a matter of time that bulletsproofs, kovri etc. will come. This is the best coin for real life use and WILL BE BACK TO THE TOP 10 if not, higher. Everyone is trying to make a quick buck from all these pump and dumps but when the dust settles only the strong, solid coins survive.

Prediction:  100 billion marketcap by end of 2018.

I believe on this. Monero has very many projects and updates this year. Their coin is really good, privacy coin. Really promising coin. Sending and receiving of monero is really no problem in monero and have privacy for both sender and receiver.

"Monero is very private coin!!!11"

"Pls look at my sig campaign ;d !"

[unsquidly]

Because the total revenue/transaction volume, Many people estimate its gonna be $1.000.000.000 this year with a rising trend upward.

[kurious]

Knocking on a little door marked 03....

Looking rather good for holders.

 

[Billy Bunter]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

[Febo]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

They have huge hype. Half of world barely know of crypto. It will be super good for crypto that lots of media will cover South Korea in February because of Olympics.  Maybe this years Olympics will bring Crypto to every village.

[ArticMine]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

Foreign exchange controls.

[Billy Bunter]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

Foreign exchange controls.

Meaning? They can’t get their money out?

[generalizethis]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

Foreign exchange controls.

Meaning? They can’t get their money out?

Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly.

https://en.wikipedia.org/wiki/Foreign_exchange_controls

[tokeweed]

...  Or there's probably a Korean War II coming and the ones that know what's really going on are buying crypto to get their money out as quick as they can. 

Maybe the Chinese Triads are using the Korean exchanges now to launder their money via crypto...?

[Billy Bunter]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

Foreign exchange controls.

Meaning? They can’t get their money out?

Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly.

https://en.wikipedia.org/wiki/Foreign_exchange_controls

Still, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.)

[Anon136]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

Foreign exchange controls.

Meaning? They can’t get their money out?

Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly.

https://en.wikipedia.org/wiki/Foreign_exchange_controls

Still, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.)

Also it would seem to be self reinforcing. The fact that currency controls are so bad that there can exist an arbitrage like that is evidence that they should be willing to pay more in order to get out of that hot garbage.

[DanWalker]

People who want to get from the investment instant Xs are already late to invest in. It seems to me that this coin will grow very smoothly. But it's good for those who have invested in Monero a large sum and able to wait for a few months.

[patroncito]

If Monero cant be tracked, has unlimited block size, transactions are really fast and its supply is very small. WHY IS THE PRICE SO LOW?. I expect Monero to be worth millions per coin if the scalability issue is not solved in BTC. Also, all that hidden money around the world could get in MONERO

[mnemonicsoup]

If Monero cant be tracked, has unlimited block size, transactions are really fast and its supply is very small. WHY IS THE PRICE SO LOW?. I expect Monero to be worth millions per coin if the scalability issue is not solved in BTC. Also, all that hidden money around the world could get in MONERO

It's not about HW wallets or anything, XMR is being price suppressed because big players are accumulating it big time. As someone said smart money is well aware of monero and they want to keep it as much as they can for themselves until inflation is low and they can mark the price way up

Didn't you guys notice we always are the last to pump ? its because pump happen in hierarchical orders, first you get the shittest of the the shitcoins with the wierd names like GROESTLECOIN and so on, then you got noob coins and strange coins and semi good coins, and when smart money has taken dumb money for as much as they can they pump XMR because they need to store their accumulated wealth somewhere, and whats the better place than monero?

Next year, we'll be at 4% inflation, this is bitcoin level now, and then quickly we'll be under bitcoin yearly inflation... this will be the time to mark up the price BIG TIME, I'm talking BTC current level

This is a slow play, this is like poker when you got quad aces and you want to take as much as you can from the noobs, you take your time, you let dumb money bids and buy DRAGONCHAIN and then you put your profit back into XMR.

RINSE and REPEAT until we're at 2-3% inflation and price is above 10K and doesn't come back.

[DaveyJones]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

Foreign exchange controls.

Meaning? They can’t get their money out?

Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly.

https://en.wikipedia.org/wiki/Foreign_exchange_controls

Still, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.)

Also it would seem to be self reinforcing. The fact that currency controls are so bad that there can exist an arbitrage like that is evidence that they should be willing to pay more in order to get out of that hot garbage.

https://www.bloomberg.com/news/articles/2018-01-09/bitcoin-s-43-arbitrage-trade-is-a-lot-tougher-than-it-looks

[Billy Bunter]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

Foreign exchange controls.

Meaning? They can’t get their money out?

Meaning it isn't cut and dry arbitrage--hurdles exist to make your gains nonexistant or delayed or even negative. You'd have to investigate the exact controls involved and adjust your expectations accordingly.

https://en.wikipedia.org/wiki/Foreign_exchange_controls

Still, one would think it would be a little disconcerting to be paying around $200 more for an asset that is much cheaper elsewhere in the world. (Though I guess if you can be sure that your particular market/exchange is immune from arbitrage, then it doesn't much matter.)

Also it would seem to be self reinforcing. The fact that currency controls are so bad that there can exist an arbitrage like that is evidence that they should be willing to pay more in order to get out of that hot garbage.

https://www.bloomberg.com/news/articles/2018-01-09/bitcoin-s-43-arbitrage-trade-is-a-lot-tougher-than-it-looks

Just what I was looking for. Thanks.

[iCEBREAKER]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

Korea has always topped our lists of places ripe for the first breakouts of hyper-bitcoinification.

SK is basically one giant ethnically homogeneous mega-city, so there is less friction when a new movement starts to spread.

SK is also the most high-IQ and bandwidth saturated society on earth, which further lowers the barriers to a full-scale crypto economy pivot.

South Korean have seen Japan suffer for decades from inflation and Abenomics, so they know central banking is a tool of the Western powers' petrodollar hegemony.

It's fascinating to watch the chaebol-driven Tiger Economy of SK adopt crypto from a position of strength and voluntary choice versus the desperation-driven adoption of chaotic low-IQ basket-case shitholes such as Venezuela and Zimbabwe.

'member this? 

That reminds me, I nominate Korean to be next in line.  Perfect demographic (save $, high tech, love new fads) for XMR.

I'd imagine the perfect demographic is a country with high GINI, very corrupt government/businesses, a lot of very rich people (possibly at the expense of even more poor people), high taxes, unstable government.

You mean like Ukraine, Venezuela, and Argentina?  They are more technophobic and less homogenous than Korea.  The elites are a different ethnicity than the rabble and the culture is conservative.  In such places Bitcoin and gold are better choices.  XMR is much riskier and its appeal lies in the 'cool factor' far more appreciated by affluent SE Asian technophiles than peasant farmers, drug lords, and struggling middle classes.

People in chaotic situations don't have the risk capital for lottery tickets like Monero.

This will change as XMR beings to snowball, and in spectacular ways enable the defections which Bitcoin alone cannot.

[Billy Bunter]

I still don't understand how Korea can be so completely out of whack with the rest of the market.

Korea has always topped our lists of places ripe for the first breakouts of hyper-bitcoinification.

SK is basically one giant ethnically homogeneous mega-city, so there is less friction when a new movement starts to spread.

SK is also the most high-IQ and bandwidth saturated society on earth, which further lowers the barriers to a full-scale crypto economy pivot.

South Korean have seen Japan suffer for decades from inflation and Abenomics, so they know central banking is a tool of the Western powers' petrodollar hegemony.

It's fascinating to watch the chaebol-driven Tiger Economy of SK adopt crypto from a position of strength and voluntary choice versus the desperation-driven adoption of chaotic low-IQ basket-case shitholes such as Venezuela and Zimbabwe.

'member this? 

That reminds me, I nominate Korean to be next in line.  Perfect demographic (save $, high tech, love new fads) for XMR.

I'd imagine the perfect demographic is a country with high GINI, very corrupt government/businesses, a lot of very rich people (possibly at the expense of even more poor people), high taxes, unstable government.

You mean like Ukraine, Venezuela, and Argentina?  They are more technophobic and less homogenous than Korea.  The elites are a different ethnicity than the rabble and the culture is conservative.  In such places Bitcoin and gold are better choices.  XMR is much riskier and its appeal lies in the 'cool factor' far more appreciated by affluent SE Asian technophiles than peasant farmers, drug lords, and struggling middle classes.

People in chaotic situations don't have the risk capital for lottery tickets like Monero.

This will change as XMR beings to snowball, and in spectacular ways enable the defections which Bitcoin alone cannot.

Great points.