[Samseau]

(01-27-2018 03:26 PM)RichieP Wrote:  

(01-27-2018 12:57 PM)Samseau Wrote:  

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.

At it's current price it may be overvalued, even given it's ultimate use case. If I buy at $300 and it crashes to it's $25 but appreciates to $100 because that is ultimately it's "actual value" given it's use case, I've lost a shit ton of money.

Current levels of speculation clearly matter when considering ROI.

Quote:

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%?

That's the real question - how much more of that value is Monero likely to capture? I find it hard to believe every purchase will be in XMR and every drug dealer will be holding it. Some people will get in and out quickly i.e. $ -> XMR -> $, and it will only be used for a subset of transactions. If you think Monero will hit $100bn or $1tn or whatever market cap, do post your reasoning behind that.

You're not making an argument against XMR. You're making one against every single crypto except Monero.