Post
Topic
Board Altcoin Discussion
Re: Monero will probably be the next +10x coin
by
camu6
on 24/03/2016, 04:08:18 UTC
I am very positive that monero will have a very bright future. This opinion is based on monero's technical fundamentals, a world in need of anonymized crypto and a very dedicated dev team + community. So 10x+ gains are more than likely in my opinion too.

Your 'technical analysis' though... pretty much has no sound reasoning behind it at all. You posted a picture, wrote down three maybes, made a conclusion and gave the advice of a 'safe time to get in'.

Monero had a huge increase in price in a very short time. The graph is looking more and more parabolic. Indicators (especially on 1w/3d) show that there is a good chance monero's price will take a bigger dip in the short term, to refuel before MAYBE continuing upwards. Usually it's a good time to be cautious when everybody is talking about moon rockets or 5x/10x/100x increases.

I'm not saying you are wrong or that I am right. I'd merely advice potential investors to read up on their investments and never base their decisions on posts like yours.