[Samseau]

(01-27-2018 07:33 AM)RichieP Wrote:  

(01-26-2018 10:48 PM)Biologist Wrote:  

Currently pretty much all of the cryptocurrencies are being used for speculation.

However, the technology behind Monero gives it a lot of potential for being used for real life purposes (e.g. private transactions).

Yeah but what matters from an ROI perspective is how much of the current price is due to speculation.

If XMR price is caused by 95% speculation and 5% use case, then even if the demand for private transactions triples, the price and ROI are still determined largely by speculators.

The "true" value of XMR due to demand for private transactions might ultimately be $10, $20, or $50. That's not a smart rationale for investing given today's price ($313).

Think about gold. If the jewellry market was set to somehow miraculously 2x, would you buy gold just because of that? You shouldn't, because most of the price of gold is not determined by demand for gold jewellry.

But none of this changes the fundamentals.

Even if a massive crypto crash would occur, Monero would still be King with it's 5% actual value vs the 0% value on the other cryptos. Monero still the best long.

And by the way, the use value of Monero makes up far more than 5%. It's literally being adopted by a multi-trillion dollar industry (drug trade). You're telling me that's 5%?