hate to tell it to you but no one can predict the markets.
Except Rangedriver. His short term record is enviable.
(Inside info, I assume.)Well it's now October and it looks like my prediction of 0.07-0.075 by the end of September was wayyy off course. Weird huh?
I guess it just shows that no-one can predict the markets after all... and puts to bed the rumour of trading on inside info. (I really don't want to get investigated by the Feds for pulling numbers out of my ass.)
With that being said... I'm looking at Q1 2018 to be the most interesting for Monero. Read, bullish.
I've spent a lot of time doing some research and can now confirm that XMR will have
at least 3.5% of BTC's marketcap by February 24th at just after 2pm PST.
You can take that to the bank. (I mean it this time.)
Lol that is massive call, And I would say one that is banking on BTC falling off a cliff in the next few months as one would expect
What are you talking about, This implies a price of about 0.036 XMR/BTC (or 2.4bn mcap ~~ 160USD) with the emission curve/wave for XMR and BTC.
We (as you know) hit that last month, how do you come to the conclusion that BTC would have to fall off a cliff for XMR to reestablish such a recently achieved price over the course of nearly half a year?
If we are not at over 5% of BTC mcap by this date, something is wrong.
I'd like to know how you reach your conclusion.
It is called a bubble, I have seen it befgore in 2013 and I would expect the same outcome again, maybe not a bear market for as long though
The sovereignless, borderless, value storage/transfer that crypto provides is now pervasive.
It's known, proven and understood.
Crypto is a token of credit, not a token of debt like the US Dollar.
I lost coins in Gox too, I remember when bitcoinity was the only chart service, and I've worked in the fiat markets for years.
We aren't in a bubble. This is the price discovery phase for the 6th Generation of money (post plastic), true crypto has been recognised for it's disruptive power.
Do you really think that such a technology as I've described will stay long with a market cap 1/100th the size of metals? I don't.
Best of luck.
https://www.finextra.com/newsarticle/31140/imf-chief-says-banks-would-be-unwise-to-dismiss-the-threat-from-virtual-currencies