Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Johnny Mnemonic
on 08/06/2016, 10:47:42 UTC
Sophism lives in Monero community!

Socrates would be sad  Embarrassed Cry

I am out. Community sucks, with some bright exceptions.

Zcash will teach you a lesson I suppose.

For those interested (and I have many people in my team that like XMR) I still cover this coin because TA is TA.
If I see an opportunity in XMR I will advise everyone to buy.

Currently the guideline is to not touch this unless it gets ridiculously oversold (50-75k) because from TA PoV (performance, relative strength to ETH, LSK etc), liquidity, whale manipulation etc etc SUCKS!

Keep holding your bags as 'investors' lol

For all I know, your TA is spot on.

But what you don't seem to understand about the Monero community is that few of us really care about being a mover and shaker in the markets. We only want to advance the state of decentralized, private money. If Zcash could "teach us a lesson" and create something better, I'm all for it (but I'm not exactly holding my breath).

Sure, most of us hold coins and would love to see the price skyrocket, but unlike the other cryptos you mentioned, profit is not really why we're here. I'm speaking for myself of course, but I say "we" because I know I'm not the only one.

The point is, saying the community sucks or that our "investment" sucks probably doesn't have the effect you're hoping it will.