Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
vuduchyld
on 13/03/2016, 18:30:40 UTC
I think the real war will be fought around 0.004. That's the spot Monero started to get dumped last year. Once that has been accomplished we are looking for war zones from 2014 and that will be sweet IMO.
If the coin is able to set a support at ATH, only there are no limits and Monero is then in the new orbit.

Just my two cents, but I'm not sure that the previous resistance/support lines are going to matter all that much moving forward.

I'm a bit concerned that the rising tide of ETH is currently lifting all altcoin boats.  This all seems fine right now and many long-time XMR hodlers (myself included) now have unrealized gains instead of unrealized losses as a result.

However, I believe that XMR may be somewhat reactive (but with a lower beta) to ETH.  As ETH brings new money into alts in general, XMR has probably benefitted.  I'd say this notion of blockchain-over-bitcoin-itself is probably correct, but I'm not really sure whether investments in the tokens of ETH, FCT, and some of the others is actually a great play long term.  If that becomes clear, I'd suspect XMR could be painted with a broad brush along with some alts that it doesn't resemble at all.  If it happens on the way up (and I suspect it might be), it will happen on the way down.

Wouldn't be shocking if XMR scoots up past .004, .0043, .006, or even to ATH.  But then it could easily tumble again back to .0018.

Longer term, I'm a raging bull, but I expect some SERIOUS and somewhat undue turbulence.