Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
smooth
on 02/08/2016, 00:01:23 UTC
It may be that we are waiting for an extinction event. That is what I mean by calamity. Perhaps the complete or near destruction of global financial system. In that case, people will be running for their lives. XMR could function as a lifeboat alongside precious metals, etc.

This is a large portion of my thinking about cryptocurrency. If you were around since 2011 as I was then you can appreciate the enormous shift in public confidence in the incumbent financial system. Crypto is surviving and even to an extent thriving despite a five-year trend in the fundamentals of perception that are hugely negative, but I don't really see a moon type event in any crypto without that trend reversing in a big way.