Quote from: tokeweed on Today at 03:02:56 PM

Quote from: kurious on August 06, 2020, 03:52:15 PM

Quote from: rinus on August 04, 2020, 09:32:45 PM

How high do u guys think the price will go before end of year ? I guess 120 usd Cheesy

Ah... I will bite.

Well we're pushing towards the $100 mark now - and given Monero seems to be rising against Bitcoin little by little, looks like we're along for the ride.

Price in USD? (notwithstanding Bitebits comment about that pile of filthy fiat) well, if we end this year over $100, which looks likely and even conservative at this point in time... hmm.

Bitcoin is hoping for 10x (or more) so I think four figures for XMR is not a crazy thought. I think EOY 2021 will be special - even if Monero just stays at the same rate against BTC, a thousand bucks is possible.

And don't forget, in this four year cycle world... Monero IIRC went up by 2,600% four years ago. And in January 2018 in USD terms it was at over $500.

I suggest it might be wise to ignore Ricardo's advice between now and the end of 2021.

Little note:
I credited Bitebits above, but I should also give a shout to cAPSLOCK for his fine posts both here and on the WO of late.

Just wondering... What was Fluffy's advice and why should we avoid it? He telling everybody to stay away? He could be wanting all the coins for himself to make up for the boating accident. Grin

He used to say something along the lines of "Don't hold Monero, use it".

He was basically trying to deny the number go up appeal of crypto investment, and argue that the main focus of Monero is it's usability, not it's potential for Lambos. This was during the whole ICO surge and I think in some ways he was tying ti differentiate XMR from all the thousands of projects who's seeming pojnt was to enrich the developers/scammers.

I remember he was criticized for this position being a sort of reverse psychology play by some twitter personality who I think is a pretty big jerk. But the point is certainly reasonable in a way. And so is the saying.

Frankly there are attributes of Monero that make it arguably a less optimal value store than bitcoin. Two examples that comes instantly to mind are the lack of a hard issuance cap. And the tradeoffs to audibility created by an opaque blockchain (https://web.getmonero.org/2020/01/17/auditability.html).

Thus the concept of not using Monero as an investment, but rather using it as private money is pretty strong. While on the other side many of us here still see the speculative future for Monero as fairly bright.