Ninjastic
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Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
sui_generis
on 05/10/2016, 21:16:01 UTC
Quote from: bitebits on October 05, 2016, 09:09:56 PM
Quote from: N-rG on October 05, 2016, 06:54:03 PM
Well my bot made some good shots so I own now thousands of cheap XMR's hehe  Cheesy
The Campaign is over. For me it wont drop further, the bottom is made. And if it drops, i keep now bagholding.

First of all: I don't trade, but do speculate now and then.

From experience, maximum pain needs to be reached before going up again. We are not there yet IMHO, this could take weeks / months before a true bottom is reached. Especially when BTC starts to see some upward momentum at the same time.
Agreed. We haven't reached the "desperation" stage. You can identify that when people start making angry posts accusing Monero of being a scam, saying they lost all their money, etc. I think the trend will be negative until the release of RingCT in January. Even then, I don't think we'll see serious growth until the end of 2017. There's still a lot that needs to be done for Monero to be considered user friendly. In addition to user friendliness concerns, the coin emission is still quite high, about 7500 coins a day.