Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
pa
on 11/01/2015, 18:32:57 UTC
Everything is fine. A prolonged lull after a big price increase in Bitcoin land is very normal. Completely expecting enthusiasm for Altcoins to dim for a while but there is no better solution for low prices than low prices. At some point, demand will pick up again, in Bitcoin land and Altcoins.
Not seen that in 2014. More of the opposite.

Bitcoinland is only 6 years old, and the current period of not reaching new heights cannot be even called "unprecedented", because we've already had a longer one. The statistical models such as the exponential trendline start to lose their value when their R^2 is not any more the largest of the models in existence.This may happen during 2015, let's see.

What do you think of sgbett's $560k thread (https://bitcointalk.org/index.php?topic=800330.0) ? What would happen to XMRBTC in such a scenario?

If XMR on its own accord does not do anything out of the ordinary I would expect a spike to over 0.01 XBT and possibly even as high as 0.10 XBT under such a scenario, just based on the performance of other alt-coins is past. Here are some examples: http://www.cryptocoincharts.info/pair/ltc/btc/btc-e/alltime, http://www.cryptocoincharts.info/pair/nmc/btc/btc-e/alltime. That would place XMR/USD in the 5600 to 56000 range.

If there are significant improvements in XMR then it could be higher.

The XMR/BTC appreciation would be because of BTC profit-takers seeking to diversify? Was that evident in past BTC spikes? I've never paid attention to alts before XMR.