Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
persiancat
on 27/04/2016, 02:52:13 UTC
Looking at the XMRBTC charts on a 3D basis ... the recent underperformance seemed to mirror that of 2Q2015.
It almost looks like a double top with unbreakable resistance at 0.0042.

Accordingly, the posting velocity in this thread has dropped considerably.
Perhaps they have went to chase the pot of gold at the end of the bitcoin rainbow (second rainbow? double rainbow?).

There are too few long-term holders in XMR. Not enough of the new emission is being absorbed by this group.

XMR right now is akin to a share counter with too much free float and insufficient "fundamentally-oriented institutional investors", and it shows in the "share price".

XMRUSD is down to about $0.88 as we speak.