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 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.
Monero has for the last two years outperformed BTC to such an extent that it's now enjoying uber-bullish attempts to make the old 0.03 ceiling the new trading range floor.
You need to zoom out, stop day trading or whatever it is that causing to have such abominably high time preferences, and get a grip, because your frustration is entirely self-imposed and Bitcoin Obituary fantasies unseemly.
Bitcoin is the unstoppable icebreaker-like force clearing our path of immovable objects, so all other cryptocurrencies may follow in its wake. When you moan about this "faster, please" stuff, it's biting the hand that feeds us.
The emergent global crypto-economy is one of the most dynamic and competitive ("perfect") markets that have ever existed, but here you are asking for even MOAR GAINZ RITE MEOW PLX, like an insatiable hungry ghost.
Stop fretting about the noise; focus on the signal. Sit tight and be right. Monero is poised to add another zero very Soon(tm). Multi-sig, Coinbase, Kovri, Hardware Fluffywallet, etc. are right around the corner. Then comes the institutional/retail investment on-ramp build-out, like when Grayscale creates a GXMR ETN.
