Any opinions on if there is a bitcoin pump around the halving if Monero will be pegged to bitcoin or fiat?
If BTC rally all alts will lose value compared to BTC. After few weeks when new people come in crypto most alts will start getting value back or even improve it.
Pretty much agree. Also I really find almost impossible the halving pump to happen. When everyone expects something it doesn´t happen.
Edit: It seems we all agree on that topic... maybe we are groupthinking too much??
But maybe the pump won't be as big... In any case as long as bitcoin goes up now I think XMR is headed sub 0.002 again. So easy to spot those who have sold and are egging others on to do so.
The truth is no one here knows what will happen if btc bubbles again. Last time it happened in 2013 litecoin hit 45$.
If you like monero for it's merits then it is up to you to decide whether you should buy any. Asking for advice on here is not likely to achieve anything other than revealing a few vocal posters current positions.
All altcoins got slaughter until all of sudden, on 18th and forward they started pumping. I know who played a great part in the LTC pump of 2013 and you can read my observations here.
We can't always assume that history will repeat, but if we look at the previous two bubbles the same thing has happened. First altcoins suffer really bad while BTC rallies. Altcoins are reaching new lows and BTC new highs. Then once the BTC rally is getting out of control altcoins starts going up. So, if your argument against the price going lower because LTC went to $48 is going to be logically consistent you will need to expect a significant crash in XMR, perhaps in the lower 0.001x. THEN a pump to something like 0.05.
It's true, nobody really knows what will happen, but this is a speculation topic. I speculate that XMR will be dropping sub 0.002. The reasons why:
1. The violent crash we had breaking all support and taking most by surprise.
2. BTC rally
3. ETH is crashing and I think ETH dragged monero up with it. Now it's going to drag us down.
My theory fails if #2 or #3 changes. I believe I am allowed to voice my opinion regarding the price even if it's negative. Why do you not attack people who think the price is going to $1000 soon? If you're going to be logical consistent with your attacks, you should also attack those who currently hold monero and are talking their book, but in a bullish way.
I suspect that you are emotionally invested, probably in a loss, and attack me because I'm not bullish (short-term). If this topic is going to anything but a circlejerk, opinions from both sides of the table should be accepted.