Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
nakaone
on 19/02/2015, 22:50:30 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.

I agree. Think of the magnitude here. With a 2m USD market cap you and 10% supply inflation you need 10% new money coming in for stable value. That is only 200k USD over the course of a year, or 15k USD per month. That is tiny, tiny, tiny with any kind of growth in user base or with any serious investors.



binary talking tons of sense here.

inflation matters most and only in bear markets - that is the reason why we see this rediculously low prices for xmr. time will tell what will happen with monero.