Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
thelibertycap
on 04/08/2016, 21:48:35 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.


I remember installing a bitcoin wallet shortly after the 2009 collapse when markets made their lows and rebounded. I started being interested in gold and was looking for new alternatives to fiat money and the current system. Too bad I didn't put much more interest in at that time little research project.
Fast forward to now, when the stock market is about to create the biggest bubble ever - the subsequent bust will make people look for alternatives and this time Bitcoin will be ready. I think we still have time to make Monero ready as well.