As specualted on days ago (0.0035 area) this was inevitable, once the major uptrend ended and the huge market buys that were pumping the market stopped, the volume would drop off and we would go back to a slow decline, how low and for how long? Thats anyones guess, it would not suprise me to see 0.0015 as more of the speculators who bought on 'the announcement' exit with their profit. *Disclaimer, I'll begin buying back sub 0.002. Incedently there is less than 40btc currently to go under 0.002. It was 100's of btc a couple of days ago.
If anything XMR demonstrates what a good emmision and distribution schedule looks like. It's extremely hard to pump this market for any significant period of time, once the interest wanes and the volume drops it returns to pre pump levels. Lets not forget the price on cryptonote exchange was between 0.001 and 0.002 for almost the whole time it traded. 10-11 months down the line it is still valued around the same range, I find that fairly impressive. As long as you didnt buy the pumps there have been at least 6-7 months in the life of xmr where you have been able to buy at a price of 0.001-0.002 ish.
Also as I speculated about the buy support has been decimated, plenty of sales but mostly pulled as always.
Perhaps, chances of sub 0.002 are much higher than 0.01 imo. Please dont say but there's x amount of buy support. 1) We all know that can disappear in an instant 2) daily inflation at 0.01 is 150btc so even if the price was to go near there it wouldn't be for long, just like when it was visited in the June pump. Difference this time being there are far more coins in circulation.
and we could all die tomorrow
, there is over 550 BTC in buy support right now, it only disappears when it disappears.
Well I guess it disappeared
If anything XMR demonstrates what a good emmision and distribution schedule looks like. It's extremely hard to pump this market for any significant period of time, once the interest wanes and the volume drops it returns to pre pump levels. Lets not forget the price on cryptonote exchange was between 0.001 and 0.002 for almost the whole time it traded. 10-11 months down the line it is still valued around the same range, I find that fairly impressive. As long as you didnt buy the pumps there have been at least 6-7 months in the life of xmr where you have been able to buy at a price of 0.001-0.002 ish.
Also as I speculated about the buy support has been decimated, plenty of sales but mostly pulled as always.
Perhaps, chances of sub 0.002 are much higher than 0.01 imo. Please dont say but there's x amount of buy support. 1) We all know that can disappear in an instant 2) daily inflation at 0.01 is 150btc so even if the price was to go near there it wouldn't be for long, just like when it was visited in the June pump. Difference this time being there are far more coins in circulation.
and we could all die tomorrow
, there is over 550 BTC in buy support right now, it only disappears when it disappears.Well I guess it disappeared