Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Anon136
on 11/02/2018, 21:17:04 UTC
2019 is the year. Emissions falls silly low.

I expect explosions



Like 1000 USD or higher? I still think 1000 is possible in 2018

I bought monero because I liked monero. Unfortunately it refuses to do anything other than follow bitcoin around everywhere it goes like some sort of lost puppy. It's stupid and annoying but it is what it is. So anyway, the point being, it looks like its going to depend a lot on what bitcoin does. It might outperform bitcoin. We can hope it does of course. There are good reasons to expect that it will. But it doesn't look like its going to climb in value unless bitcoin does also. So you want to figure out how well monero is going to do in 2018? First figure out what you think bitcoin is going to do.

I almost wish bitcoin would die, even though the price of everything in the sector would crash, just so that everything could break free and we could have a dynamic and competitive market with internal relative price discovery. You know, so that the good projects  could actually be separated from the bad. So that the crypto sector could improve based on bad projects dying and good ones absorbing their capital. Instead we have an entire sector that moves togather in one direction or the other irrespective of whether the individual projects are actually garbage.

Frustrating.

I understand what you’re saying, but dude... Monero followed Bitcoin around in 2015 at around .001-.0015 for a while too... it’s not a permanent thing, just a temporary coincidence.

I communicated poorly. It's not really that that I hate. It's that shitcoins get boosted up when bitcoin goes up and quality projects go down when bitcoin goes down. Bitcoin going up shouldn't make your worthless garbage product more valuable. It's completely unrelated. It should be completely unrelated anyway. I feel like peoples obsession with bitcoin is subsidizing garbage. They treat the entire sector like its one homogeneous blob and not tons of very different projects that should be evaluated individually on their individual merits. If people would evaluate each project individually it would reward the better ones more and punish the bad ones more and the whole sector would improve more and faster. It would be healthy for the sector. I hope that makes more sense.

You know how people like to talk about zombie banks and zombie corporations. People treating this sector like one homogeneous blob is creating zombie currencies.