BET: XMR Will reach $5000 - $10,000

X Professor said:

Within 3-5 months or less

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I'm so interested to hear why

Buddy that is not happening

Oreilly said:

Every major marketplace is moving or has moved towards using XMR only. All the biggest ones do. No idea where you get the idea from about USDT but that seems unusual to say the least. Bitcoin or USDT is what it might get changed into once you want to cash out irl, but all transactions are being done with XMR.

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Okay give me please an example for trading that is being done only with XMR.

Bet: No it wont

pennyweight said:

Okay give me please an example for trading that is being done only with XMR.

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The major marketplaces only allow you to trade with XMR so actually all market transactions are being done with it by now. And we're talking billions of $ per year here.

Up until recently Bitcoin was still being offered together with XMR and was the major one used before Monero came around so you're not entirely wrong but people can get burned by it since it's not anonymous at all and even coin mixing can be deanonymized rather easily with modern tools. You have to jump too many hoops to acquire your bitcoin anonymously while in Monero it's a matter of making one transaction and no one can know where it went, so a major shift happened past years where all marketplaces moved or currently are moving towards XMR only.

Not even close in my opinion, but who knows? 99% sure that you would lose this imaginary bet

Oreilly said:

The major marketplaces only allow you to trade with XMR so actually all market transactions are being done with it by now. And we're talking billions of $ per year here.

Up until recently Bitcoin was still being offered together with XMR and was the major one used before Monero came around so you're not entirely wrong but people can get burned by it since it's not anonymous at all and even coin mixing can be deanonymized rather easily with modern tools. You have to jump too many hoops to acquire your bitcoin anonymously while in Monero it's a matter of making one transaction and no one can know where it went, so a major shift happened past years where all marketplaces moved or currently are moving towards XMR only.

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What is this MarketPlaces?
Black MarketPlaces? Thats the Question, How do you know who to trust?

X Professor said:

Within 3-5 months or less

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Ironically as of today XMR is officially processing more TXs than BTC, the userbase definitely seems to be there - but 10K XMR? I’m not sure what the MC is, but I’m pretty sure it’ll need to overthrow like the bottom 5 coins of the current top 10 to hit that price. And with all the regulations surrounding CEXs and the delisting if XMR I’m not sure that’s a realistic scenario.

Ain't happening, Monero took a big hit with that Binance delisting since now they need to comply with US low. While technically Monero is more private than Bitcoin itself, it's hard to get for the common investors, doesn't offer stacking for noobs and its mostly used for you know what. Monero will be around but don't expect any crazy pump.. Just my 2 cents

XMR? Not
XRP, maybe yes but in 5-10 years

I wouldn't buy it anyway.

If Monero will reach 5,000 - 10,000$
The Market Cap will be 92 Billion to 190 Billion.

Meaning 3rd to 4th place.

Unlikely.

pennyweight said:

What is this MarketPlaces?
Black MarketPlaces? Thats the Question, How do you know who to trust?

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Yeah, black markets. The whole initial idea behind Bitcoin and these marketplaces is to make them trustless, or as trust-minimized as possible. That's why you have tools like Bitcoin (Monero rather) or PGP Encryption to encrypt your messages, where you don't have to trust any third party.
Because yeah, you can't or shouldn't trust any markets or even vendors - it's all a bunch of criminals Just recently a huge marketplace exit-scammed and even tried to blackmail its users for more cash saying they will leak information to law enforcement, and here's the thing: If you used Monero and PGP Encryption you're untouchable, while people who used Bitcoin and unencrypted communications (or trusted the marketplace to encrypt it) had some serious things to worry about.

X Professor said:

Within 3-5 months or less

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Are you joking ? Because even big exchanges are now removing them.

It has been in existence for years with the same features and benefits. So now what drastic change has happened that will cause prices to move this much ?

I don't think XMR will reach those levels

X Professor said:

Within 3-5 months or less

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What is the possible reason for this?

I wish, lol I still have some left from the golden days, finger crossed tho ! )

X Professor said:

Within 3-5 months or less

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Let’s hope so, one can only imagine the price of BTC when that happens - lol.