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    Author Topic: [XMR] Monero Speculation  (Read 3316612 times)
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    Majormax
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    July 16, 2017, 10:06:43 PM
     #30621


    ...and what ultimately happened to the South Sea Company ?  Hopefully you are picking and choosing only those parts of the comparison that suit.
    Of course it was all nonsense, as most cryptocurrencies are, and will continue to be. My statement should not be interpreted to mean that all cryptocurrencies are nonsense, however. Everything will get caught up in the bubble(s), regardless of whether or not it has legitimacy or utility.

    I do expect the legitimate coins to generally underperform the nonsense, at least on limited timescales. The highest rates of growth during bubbles should belong to whichever cryptocurrency can generate the most hype. It could be built on a foundation of dogshit, but if it can generate hype, the dumb money will follow.

    Yes, I believe you are correct.

    There have been 4 big Crypto adoption price waves over the last 6 years. The bust phase of each was inevitable, but only the last 2 have featured alternatives to BTC to any great extent. The one we are (likely) entering now will unfold in a similar way, with capital slowly fleeing to the safer havens (mainly larger projects), but with all fiat-denominated prices showing declines. It was a very long way down from peak to trough.

    Within a few months I would expect to clearly see which are the nonsense projects. Unfortunately, by then virtually all value will have evaporated from them. It is hard to see how there could be more than a handful of winners.

    And u see Monero as one of the winners ?

    I try not to expect anything. Better to see what actually unfolds, that will give the answers. Survivor bias is operating here, like other forms of selection/evolution.
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