Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Majormax
on 30/08/2016, 08:34:00 UTC
Is XMR's rise too much, too soon? It would have been better if the rise was slow and real where majority the people from the community could participated and gotten in to have their fill. This rise looks like the traders took advantage of the people's fear of being left behind by pumping it and then sell at high prices. Sooner or later some people will get burned playing in the current state of the XMR market.

It is just looking like the natural progression of price. An exponential rise is always followed by a bust, and many speculators get washed out at a loss. That ensures that only the committed strong hands are left holding. BTC price chart followed a similar pattern.

If the long term trend is to be higher (and that is not always a given), then the next parabolic rise will be greater : However, the decline (trough) has to be large both in terms of price decline and time.