Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Febo
on 17/06/2016, 17:21:43 UTC
If I didn't know better I would think coins are appearing from nowhere.

8600/day or so?


I'm aware how many are being created a day, I don't see your point with that comment. The consistent down pressure seems far higher long term than the emission and even if it was equal to the emission then I find it hard to believe all new coins are dumped. Every single time there is a breakout there is a dump, I just cannot figure out why anyone would want to intentionally suppress the price like that (especially if they have the coins to do it: it flies in the face of self interest) and I think it's fanciful to believe it's some other coins troll.

I cannot come to terms with somoneone/somegroup acquiring over time just for price suppression and I cannot think Of any logical reason except to slowly siphon from the cap unless they hold massive hoard which by now should have been absorbed. Unless you have a different theory?

BTW, I bolded the qualifier for you.

Last month this was not there anymore. That is what looked so different compared to last 6 months.