Re: rpietila Wall Observer - the Quality TA Thread ;)

I remain a little bit puzzled why you seem to want to continuously get your Monero book digs in - when in reality BTC is the ONLY "real" game in town.

Monero is the first alt (okay some said LTC a year ago..) that functions as a hedge to Bitcoin.

Same as Bitcoin is a hedge to paper assets.

Gold is a hedge to all.

This is very precious, to find an asset that has good positive EV and is a hedge. Everyone who has BTC does a pareto-improvement move by buying XMR, with 0.25%-5% of the holdings. This has nothing to do with taking a position, it is a slam dunk move if you invest professionally.

Monero is quite a bit more than merely a hedge though.
It holds a separate non-trivial innovation track that is not developed in Bitcoin.

Do people foresee Monero being used alongside Bitcoin in the future? Or is there a belief that because it is superior it will take over Bitcoin at some point?

I would think that it would be very difficult with the amount of traction Bitcoin has gained at this point for any cryptocurrency to dominate BTC.

The only way for Bitcoin to lose now is by being overtaken by another cryptocurrency. So, the question now is, what do you think the odds are of Bitcoin failing (let's say going to a market cap <100 Million).