Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
TrueCryptonaire
on 18/09/2016, 10:31:44 UTC
I think the fact that some darknet markets have begun accepting Monero means the price will eventually go up.
If it would become 1:1 with Bitcoin is really hard to say.
(But it would be awesome since I would make a bit of profit LOL)

DNM are used to use bitcoin. Now Monero has taken its share from the markets. The share is zero sum game. Thus, that piece of news is definetely giving an advantage to Monero over bitcoin when it comes to the speed of growth. If Monero keeps on growing in faster rate long enough it will eventually happen
Now the big question is will Monero keep on growing at faster rate than bitcoin. Probably yes at least for some time because Monero is younger and the userbase is still relatively small (= XMR has a lot more potential to grow than the userbase of bitcoin has).

I am terrible in predicting with the price movements in the short run but I speculate Monero is higher 1 year from now than it is today.
Remember, the growth might be drastic. It really is all about liquidity, when the buyers see their bids are not getting filled, they need to raise their bids which will set another push to the price and marketcap.