Post
Topic
Board Speculation (Altcoins)
Merits 6 from 3 users
Re: [XMR] Monero Speculation
by
ArticMine
on 06/02/2019, 20:28:42 UTC
⭐ Merited by suchmoon (4) ,Bitcoinaire (1) ,Hueristic (1)
...
I still have some as a hedge, though I was seriously considering dumping them but couldn't pull the trigger back then. I remember when saddam did a similar thing too. So what are your thoughts, will bitcoin get taken over by another coin (monero, bcash?, etc), or the thinking is monero will out preform bitcoin from here on out?

I consider Monero to pose a very serious long term threat to Bitcoin's dominance. This is because of the combination of the adaptive block weight with fungibility. Unlike Ethereum, which nearly dethroned BItcoin in 2017 - 2018 https://coinmarketcap.com/charts/#dominance-percentage, Monero does what Bitcoin was originally designed to do; namely be a cash like digital transactional currency. All it takes is a move in XMR / BTC such as what occurred in 2016 and Bitcoin's dominance is under threat, since the market will be comparing Monero directly with Bitcoin on a technical level. As for Bitcoin Cash and Bitcoin SV these coins cannot compete with Monero on long term scaling let alone on fungibility.

Edit: I would watch out if Monero overtakes either Bitcoin Cash and / or Bitcoin SV in market cap. That could be very interesting. Furthermore there is no need for Monero to break the high of 0.03558 BTC in order to do that.