MegaNerd 1,129 Posted February 19 (edited) We know old Bitcoin forums have people arguing about Bitcoin ever hitting $25. The line was drawn. One side said Yes, the other said No. Now it is our turn. Who will be right years from now? Edited February 19 by MegaNerd 6 Cesar1810, bruce21b, Paulo and 3 others reacted to this Share this post Link to post Share on other sites
BluKoo 3,432 Posted February 19 Sometimes I think $1000 per XRP is ridiculous. But then I'm reminded of this chart and then I start working out the spec of my yacht. 11 3 5 ChuckN, PhiGuy, Roaring_Twenties and 16 others reacted to this Share this post Link to post Share on other sites
ManBearPig 128 Posted February 19 I an willing to give someone 2,000 XRP if they can delivery me two pizza hut franchises... 2 3 Sponger101, ColonelCryptoCurry, WuWei and 2 others reacted to this Share this post Link to post Share on other sites
MegaNerd 1,129 Posted February 19 (edited) 10 minutes ago, BluKoo said: Sometimes I think $1000 per XRP is ridiculous. But then I'm reminded of this chart and then I start working out the spec of my yacht. Correct. This is my thinking. We're way too early here to even be allowed to think about $1000. It's laughable. But when I find myself running numbers, back in 2010 it should have technically been absolutely, 100% positively impossibly absurd to ever think BTC would EVER go above $1,000 and yet it hit $20,000. Imagine being in 2010 in Bitcoin forums and telling the members that you have a feeling Bitcoin is going to hit $20,000 in just a few years. You would have probably been banned as they shoved 'market cap' darts down your throat. Edited February 19 by MegaNerd 7 1 BluKoo, ColonelCryptoCurry, Gismapper and 5 others reacted to this Share this post Link to post Share on other sites
ADingoAteMyXRP 945 Posted February 19 (edited) If daily liquidity is something like 6% of market cap (right now, we're at 6% of market cap), and we capture a third of the market (10T of daily liquidity), that's 166T which works out to $1,660 a coin if all coins are on the market. We have the potential of going much higher than that, or never getting close to it. I'm not convinced there's a ceiling or floor. If a better asset comes along, it will win. If a better asset doesn't come along, politics will begin to play a stronger role in the price outcome. I don't think it's out of the question for digital assets to spark massive economic shifts and even war. Edited February 19 by ADingoAteMyXRP 6 jorgerios, ObeyTheWafflehouse, PhiGuy and 3 others reacted to this Share this post Link to post Share on other sites
xrp_sea 169 Posted February 19 Will XRP hit $1,000? I would say it's highly unlikely, but not outside of the realm of possibilities. Share this post Link to post Share on other sites
mrhat75 683 Posted February 19 (edited) 3 hours ago, MegaNerd said: Misquote. Delete Edited February 19 by mrhat75 Share this post Link to post Share on other sites
BabyNeedsShoes 335 Posted February 19 6 hours ago, ManBearPig said: I an willing to give someone 2,000 XRP if they can delivery me two pizza hut franchises... 3 jorgerios, ManBearPig and bruce21b reacted to this Share this post Link to post Share on other sites
lucky 5,823 Posted February 19 To those who answer "never"... The inflation in 2018 was 2.54%. Project that over 100 years, and $1,000 will only be worth $76 in today's value. XRP having a value of $76 in 100 years, calculated in today's dollar value, sounds less impossible, doesn't it? Not even considering the scenario that the dollar will implode (thereby conveniently "fixing" the us debt). 2 Oldschool and GiddyUp reacted to this Share this post Link to post Share on other sites
Naimless 77 Posted February 19 There are so many influencing factors that I don't think it's possible to say it will definitely or will never hit $1000. I would love it if it did but it would require a LOT of things to fall into place so, to me, it seems pretty unlikely. I would suspect that XRP will be superseded by some superior technology before it reaches that point. God I would be happy to be proven wrong however! Share this post Link to post Share on other sites
KaaKaaRmA 1 Posted February 19 (edited) Put me down as a maybe. Edited February 19 by KaaKaaRmA 1 Sponger101 reacted to this Share this post Link to post Share on other sites
lucky 5,823 Posted February 19 37 minutes ago, Naimless said: I would suspect that XRP will be superseded by some superior technology before it reaches that point. Nothing but consensus stops the XRP validadors to upgrade to this superior technology through amendment voting. 3 Oldschool, Naimless and Sharkey reacted to this Share this post Link to post Share on other sites
Naimless 77 Posted February 19 3 minutes ago, lucky said: Nothing but consensus stops the XRP validadors to upgrade to this superior technology through amendment voting. Couldn't intellectual property rights prevent this if a challenger showed up with some better tech? Share this post Link to post Share on other sites
WillGetThere 191 Posted February 19 1 hour ago, lucky said: To those who answer "never"... The inflation in 2018 was 2.54%. Project that over 100 years, and $1,000 will only be worth $76 in today's value. XRP having a value of $76 in 100 years, calculated in today's dollar value, sounds less impossible, doesn't it? Not even considering the scenario that the dollar will implode (thereby conveniently "fixing" the us debt). I think its not correct to compare USD to XRP and imply inflation/FV/US Debt principles to forecast XRP value. I would also think with 100 years horizon, too risky and unpredictable given current state of affairs. There are no benchmarks/researches/approaches to forecast XRP (or any other crypto value) based on. This is why returns can be wild hence the risks are the same. Now i see two main risks to XRP being widely used: 1. Competition; 2. Politics. Somehow I feel (probably its biased opinion) if XRP is not widely used (with XRP price mainly driven by use case demand) by end of 2020 it will lose quite of a traction/believers/investors. Share this post Link to post Share on other sites
lucky 5,823 Posted February 19 1 minute ago, Naimless said: Couldn't intellectual property rights prevent this if a challenger showed up with some better tech? True, but I don't expect the world to collectively migrate to technology restricted by patents. That did not work for video codecs either. Share this post Link to post Share on other sites
