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.
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.
Is that a DOUBLE RAINBOW? DUUUUUUUUUUUUUUDE!
Well, I'm holding come what may. What was once healthy unrealized gain is now unrealized loss. C'est la vie, c'est la guerre.
Never invest in crypto anything you can't afford to lose, I say!
You just have to get out above the initial investment, let time go by and by in lower, nothing to chear about massively, common figures mate
