So, this artificial pump is over in a few days and XMR will have time to consolidate until December back to 0.0018 - 0.0024
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
I hope you guys are selling your coins and getting them back in December, because this was a Marketmakerpump starting with somewhat 1000BTC and now ending slowly
How is it artificial?
Care to provide proof of your claims?
Well it sure looked special, turning half of the existing XMR in 24 hours. Reminds me of the Mintpal pump.
That said, I believe much good was achieved regardless of anything. It is possible that this was the first real upleg. Or even if we fall back, I believe 420k will now be a strong support. Even going to 180-240k, nothing new there. Not many thought it possible to revisit 100k, yet even that happened!
The game is about how many you own and can keep in your possession. If you own 1000 BTC, you are well positioned, but it is expensive to gain that position if you start now. If you owned 1000 BTC five years ago, it is equally good as 1000 BTC now, only if you have managed to keep it from theft, hack, taxman, your own mistakes in storage, and most importantly from your urge to sell.
Many reading this have 1000 XMR, or even much more. In five years, or less, it might have equal value as 1000 BTC now. Statistically, an extremely small fraction of people manage to do it, though.
I believe it's prudent to budget in advance that half of the remaining coins are lost, every time the price rises x10. So the ones who wish to have the coveted 1000 XMR when the price hits $5k, should buy 10k now.
Hmm... it seems that XMR is more mature now than BTC when I heard of it. It has 50 times higher market cap as well...