Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Febo
on 05/07/2016, 15:29:26 UTC
I am now under the assumption that xmr market is so manipulated that it can not break out until there is a massive influx I.E. Mass adoption. I am now acting under the premise that I will be able to see that trend and adjust accordingly as opposed to the normal bot manipulation which I actually have been doing pretty well against. My reasoning is the continual siphoning from the cap we see each and everyday non-stop. I'm surprised it can hold it's price as well as it does. If I didn't know better I would think coins are appearing from nowhere.

I have no ideas what period of time you are talking about.

In last month price of monero rose over 47% against BTC. And 20% more against $. That is huge jump if you ask me so i don't understand why you post there cant break out.


Traders try to manipulate any coin market even BTC. Some are easier then others. Monero was hard to because of high emission first 2 years and will be easier later on, not just yet.

Bots on Polonies earn from selling you coins or BTC. They prevent you to sell them by offering them on sale. Bots are in any coin. And not only on Poloniex and not only in Crypto coins exchanges.  They have no real influence on price.

About 8000 XMR get mined daily and as we noticed on previous page hash rate is increasing that means that Miners are getting less and less for their electricity cost.

Last week 10 times more XMR was traded then was mined.