Post
Topic
Board Speculation (Altcoins)
Re: monero price prediction
by
TrueCryptonaire
on 29/12/2016, 13:46:30 UTC
what do you guys think about monero.....think it will be big as bitcoin?what you think the price will be 2018 or do you think it will ever hit $200+

1 year is a very long time for speculation about price of anything in general and it becomes harder when you want to speculate about an altcoin.
i agree that monero is a good altcoin and has lots of potential and there was actually some adoption for this coin, also you should remember that monero was not created yesterday Cheesy

it actually was around for a rather long time and it has not succeeded in anything so far, which makes me disagree with a $200 which is about a 1900% rise

When you will see biggest winners in 2016 you will be surprised and realise 1900% growth easily happen in crypto when there is Bull market as it was in 2016.    If you look GAME https://poloniex.com/exchange#btc_game it grow way more then just 20 times in 2 years from from jan 2015 to now.  Way way way more. 300 times.

there are two big things different here. 1) the price 2) the volume.

for example going from 1 satoshi to 2 satoshi is 100% rise and it is easy but going from $10 to $20 (100% rise) is not at all easy. and it needs much more work.

also the volume is a great factor. some coins can easily be bought or sold to increase or decrease their price respectively with less than 1BTC and some other need 100s of bitcoin to do the same.

so you can't just compare them like this. and just FYI XMR volume was 13119BTC today so far.

I think it is necessary that the price manipulator in the Monero markets will stop putting downward pressure on the price. Each time he has defeated the price breaks up.