Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
jehst
on 19/02/2015, 16:22:21 UTC
Sorry guys, but you can't do TA on something so thinly capitalized. 10% movements are just individual investors moving in and out of positions.

True.

Quote
Only in 2017-2018 when XMR is mostly mined can begin to sustain a long-term uptrend.

Untrue.

I shouldn't say it's impossible, but even bitcoin's long-term uptrend was broken a few months ago and 14 million coins are mined.

10%+ yearly supply inflation is formidable. I do believe XMR will have its rallies from now until 2017, but a sustainable uptrend will be very difficult.

10% yearly inflation is completely negligible with an expanding user base. The inflation effect is completely dominated by the effect of an exponential user base growing, in which case 1% or 10% yearly inflation does not make any noticeable difference.
That is the reason why people keep repeating BTC is a deflationnary currency while technically it's not. It is very deflationnary compared to the user base, in period of expansion.
We simply have a Monero community that is currently not growing much. Yet.

Well if Monero's community starts growing rapidly, then sure, we can have a long-term uptrend from 2015-2017 despite the inflation.