Ero23

Monero's dwindling supply. $10k in 2019 scenario.

BITFINEX:XMRUSD   Monero / Dollar
Sketch of an idea.
Comment: Made while sleep deprived. The effects of which are quite similar to inebriation.
Comment: "I am fond of telling the tale of the inventor of chess and his patron, the Emperor of China.

In response to the emperor’s offer of a reward for his new beloved game, the inventor asked for a single grain of rice on the first square, two on the second square, four on the third, and so on. The Emperor quickly granted this seemingly benign and humble request.

One version of the story has the emperor going bankrupt as the 63 doublings ultimately totaled 18 million trillion grains of rice. At ten grains of rice per square inch, this requires rice fields covering twice the surface area of the Earth, oceans included. Another version of the story has the inventor losing his head. " - R.Kurzweil
Comment: "It should be pointed out that as the emperor and the inventor went through the first half of the chess board, things were fairly uneventful," Kurzweil continues. "The inventor was given spoonfuls of rice, then bowls of rice, then barrels. By the end of the first half of the chess board, the inventor had accumulated one large field’s worth (4 billion grains), and the emperor did start to take notice."
Comment: To those wondering why Monero won't have the post 2013 bear market of BTC, Monero had no mt.gox and is appearing at a different point on the blockchain adoption curve. Things are moving faster and faster and faster.
Comment: Roger Ver, known as “Bitcoin Jesus” for his evangelical support of the currency during its early years… said his investment in Monero is “substantial” and his biggest in any virtual currency since bitcoin.
Comment: The correction down from $10k is worrisome. It might foreshadow major legislative action against Monero/private specific crypto.
Comment: Mid to late 2019 would correspond to the political drama going on in the White House. Perhaps a candidate will run on crypto and/or crypto will be a significant part of their platform. Who will it be!?
Comment: The market has taken off much faster than anticipated. We're approaching the top of the channel. It will be interesting to see how this develops.
Comment: It's not often you see price breakout of an exponential channel. Impressive!
Comment: Exciting times ahead for Crypto in 2018. I wouldn't be surprised if my chart was too pessimistic.
Can you make one for Zcash? :)
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Great analysis @Ero23! What do you think about this
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XMR has since taken a severe beating - more than almost all competitors. Any updated thoughts now?
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Ero23 PRO elikay770
@elikay770, I Believe Monero to be in a unique position for extreme upside volatility thus I would recommend dollar cost averaging and buying "the dips".
+1 Reply
You've said it yourself - getting the time axis correct is the hardest part. Thanks for the recent updates, I love watching these charts unfold.
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Ero23 PRO Josh Wollman
@Josh Wollman, :D
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Probably a nice correction to come now but your prediction is legend.
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YOOOO WE ALL MILLIONER!!!!!!!! <3
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Crypto based voting
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