Looks like 0.016 is being defended well. Don't see .015 re-entry especially with all the news coming out of everywhere. Ideally the new floor from this whole DNM run should have been 0.02 to give XMR a lot more visibility and welcoming merchants, but this coin has attracted more greedy regulars than any coin I have seen in my time in Bitcointalk.
Like Adam Sandler said "What is wrong with you people"?
Like Adam Sandler said "What is wrong with you people"?
Who exactly are you accusing? Markets market. We would rather have that than the opposite. Greedy regulars are not causing this correction. >500℅ rise over a few weeks is.
I didn't mean you and it's OK to feel defensive. No one should feel defensive. You know you have contributed a lot to Monero in terms of this thread, so there is nothing to feel guilty about and hey if some moron wants to be taken advantage of, then you should help them, right? I am not sure but I think you have contributed to the development of Monero in terms of contributing to the codebase, helping newcomers, donating to the development, bringing awareness etc etc. You probably have shined the most in terms of helping noobs not lose their money by giving free trading advice, posting charts and telling this thread what needs to be done in terms of trading. I don't know why the entire thread is not saying they are indebted to you forever.
You know XMR didn't have to rise by 500%, if *that* is the reason that there "needs" to be a correction. Plenty of scamcoins didn't have any reason to but with the rise in prices by a disciplined community they were able to attract developers, marketeers and a thriving community while Monero was busy staying in the gutter. At that time no one was here to help the newbies
Monero did need to rise by 500%. Did it have to do it overnight? No, it should have done it gradually over the last year or two to be ready on time. Sometimes when running late, one must go faster in order to catch up. When going faster, often a breather is required before resuming faster. Eventually, when going faster, one overshoots the destination. That's not yet, BTW.
Volume (heart rate?) under 7500. Seems a fairly deep correction off of 115000. Ready to start running again? I know it's not the weekend, but...
edit:
Shorters starting to do their thing again...
Yah "they" will do their thing. Seems like something *you* have never done before
Good idea to really have some DASH/Darkcoin on the side till this settles down if only because the number of "they" is a LOT less than this pile of gold here that need not be missed.
I am surprised that the entirety of DNM hasn't decided to get rid of Monero just yet, but will not be surprised if it happens.