Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
jehst
on 07/03/2016, 17:59:37 UTC
If it was just an unrelated pump and there is nothing at all behind it, we could see 100k again.

If XMR is on the move, you should be buying instead of reading. Any price starting with 0.00 is good.


I think it's an unrelated pump. It is no coincidence that XMR went up alongside NEM, ETH, MAIDSAFE, etc. All of those coins have something in common: they are predominantly traded on Poloniex. This run likely has little to do with XMR's properties. It has everything to do with where XMR is traded and the fact that XMR could go up easily. This is a "polo pump." Many polo-coins will take turns getting pumped until the money that is concentrated on polo flows back out of polo

Disclaimer: I've been wrong 1000 times.