I wonder...what can be expected XMG value in future (near or long)? I'm aware its almost impossible to predict price in crypto world, but still I'm wondering. Maybe 111magic, Joe can predict something ?
Let's say now 1 XMG = 0,00008 BTC. Is it reasonable to expect that XMG can reach 0,008 some day?
Almost impossible? More like utterly impossible
It makes for an interesting discussion though. Did anybody ever think that the value of a Bitcoin would reach 1000 dollars? Did anybody ever think it would plummet over the next year to under 200 dollars?
Ultimately, the price of anything is what somebody is willing to pay for it, should they desire to possess it for whatever reason.
While we are comparing the price of XMG against BTC, what will happen if/when BTC becomes old hat and XMG takes over as the "gold standard" cryptocurrency? It is the price of XMG against fiat currencies that we should be comparing. Currently, whenever I wish to calculate the value of my XMG holding in UKP I have to factor-in the value of a Bitcoin against the UKP. One day soon, maybe I will not have to worry about that step.
One thing that I do know for sure is that cryptocurrencies and other local currency schemes are here to stay and are the way of the future, here today. One very interesting project going on very near to me is
The Brixton Pound. Fascinating stuff and it works really well.
