Ninjastic
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Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
N-rG
on 05/10/2016, 21:41:18 UTC
Quote from: sui_generis on October 05, 2016, 09:29:15 PM
Quote from: lethos3 on October 05, 2016, 09:24:49 PM
Quote from: sui_generis on October 05, 2016, 09:16:01 PM
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.

Emission is not high per XMR price YET. But you are correct, the desperation is still not here but you can already smell some blood just look around this forum  Cheesy
I like that it declines quite a bit over the next year. Should be well under 4000 coins per day by early 2018. That will make it easier to hit (and hopefully maintain) new heights.

lol  Roll Eyes this is really so much trash....early 2018, end 2017....

@moneyloser

please donate to an animal rescue center or so, i dont need it, but thanks Smiley

To your question:
If you trade: idk atm, ill tell you than.
If you go for a long term investment. Keep them they will be valueable somewhen.

----

Some ppl. here obv. didnt get that there was just an incredible huge FUD campaign against XMR. It was not only the news, it was on reddit and even in the Polo Trollbox that people talked FUD.

The coin was under much pressure, more is actually hardly possible. So maybe consider by yourself if/or how much the coin can now fall.

pps.
somehow I always invest against the trend here  Cheesy -or is someone here who agrees to me?