Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
TrueCryptonaire
on 21/10/2016, 12:15:46 UTC
The trolls are too short term here. They are expecting 10 000 usd by tonight and if the price will not go there in 24 hours they call it impossible.
Yes, Monero will be worth 10 000 usd each sooner or later but not today or even in 2016. 10 000 usd/xmr price tag is not impossible but the timeline of hours/a few months is unrealistic.
The shorters period it need to reach that price is 3-4 years - and that requires also skyrocketing and some mad money. More realistic view of achieving 10 000 usd/xmr is 10-20 years. It took 10-20 years for internet to break through so please give Monero also some years.
I guess that's a long wait but worth a shot, buy then if we are talking of that substantial growth, what would be the price of bitcoin then. With your prediction, it made me realize that I should also consider XMR and now is its lowest price maybe... So let's see, gonna grab some later for 10-20 years holding.

Indeed it is.
The price was 0.004 for the early adopters (summer 2014). The inflation was so strong that some might even talk about hyperinflation.
Later comers got the best deal after the FUD storm of bitcoinexpress as the price drop to sub 0.001 levels (I was lucky to catch around 30 XMR under 0.001).
Now the price is around twice as much it was in summer 2014 but the inflation is in control now and it gets lower and lower.
10-20 years is something I would consider a goal and after that the growth will stagnate IMO. Then there critical mass has been achieved I would assume.