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There is a total availibility of 18.4 million Monero in the market, and out of that 16.7 million has already been mined, since the genesis of the cryptocurrency back in 2014.

Now as mentioned before, the limit of mining Monero is 18.4 million, 16.7 million of which has already been mined. It has been noticed that a more finite a resource is, the more valuable it becomes.

Now Let me know what you guys think about it? Will Monero Reach $500 in 2019?

Monero will have 18.1 million mined mid 2022. So in 3 years time. After that it will add like 150k XMR every year. And that way forever secured its network not needed to rely on fees. Number of daily mined Monero decrease drastically. and went from 25k in April 2014 to 2150 XMR today. 25k XMR mined daily was huge selling pressure that kept Monero price low for years. Now that pressure is slowly going away and that will reflect on Monero Bitcoin ratio.

I dont think $500 Monero in 2019 is likely to happen. Yes of course it is possible but for that needs a serious adoption to happen. Without that adoption to happen and relying only on Bitcoin cycle we should see a $500 Monero in beginning of 2021.

I didn't know that there will be a constant issuance of 150k Monero per year. Will it be 150k per year infinitely?

Every year the issue of Monero coins will decrease.
but in the coming years, the release of new coins will be at the level of 100-150 thousand per year.

Yes and then finally the block reward will go to zero and the network incentives will only come from transaction fees?

No it will stay at around 150k. What will decrease is a % that that will add to the whole number of coins in existence. I believe it will be 0.87% yearly and then just decreases slowly. Gold yearly mined inflation is between 1.5% and 2%. Current Monero yearly issuance inflation is around 4%

Ok thank you for the clarification. Do you think that it is good to have an infinite issuance of 150k per year? Could that in theory be changed if the majority of the network agrees or what are the majority rules for such changes? Do you know that?

Of course it is good since it is the only way to secure the network. Fees will never be high enough to secure network on its own. Bitcoin and many other copies of Bitcon will have this problem to add tail emission "soon". In Bitcoins case in about 15 years time. Main point of money is top be secure. If someone make you think he sent you coins but he did not then that is not the money anymore and value of such coins will be zero.

And what if Bitcoin turns into a pure store of value? Wouldn't it even be better for it to become deflationary?

How can you store value if anyone can make 51% attack and fake its transaction that never happened? Would that not make that coin worthless? If you would be always scared that whenever you receive Bitcoins you would get fake ones? When network is not secured enough and I believe you cant secure it just with fees. Then this will happen. But as I said. Bitcoin should be safe until at least year 2040. So there is plenty of time to find solution or add tail emission like Monero solved this problem.

Monero with 0.8% yearly emission will be deflationary. I am totally positive about that. That will barely cover the lost coins. As I mention before that will be even less then half less as gold have. Is gold inflationary? I dont think so. One ounce of gold bought you an amour in roman times. One ounce of gold bought you a business suit 100 years ago and one ounce of gold buys you a designers outfit today. So pretty neutral, nor deflationary nor inflationary. And gold was tested over several millenniums. So the answer is pretty clear. Monero will be deflationary. So as Bitcoin already 6 years from now.

This is a huge exaggeration to say that anyone could pull off a successful 51% attack on the Bitcoin network. You need the hardware and all the other resources. who has that and once somebody has it, why not just use it to mine it?

This is not what I wrote. Have you read what I wrote or not? Let me try to explain once again just for you.

Bitcoin secures its network right now with coinbase. 12.5 BTC, there is also some from fees. I see in last 10 blocks fees were from 0.1-1 BTC. This Bitcoins secure network. This is why miners mine. Now coinbase is halving every 4 years and in like 15-20 years will get quite low. Lightning dont use any fees. If most transactions will go on lighting then fees will not increase and will stay at similar level as now. This as a result will make Bitcoin network insecure. Bitcoin developers will have to find a solution. There is plenty of time for that. One of the solutions is to add more supply like Monero did.