My short term outlook is negative. There is a somewhat likely scenario that XMR does not have positive news, 0.01 is tested and fails, and BTC continues to look good.
In this case, nothing is preventing testing 0.004. That one will hold
In this case, nothing is preventing testing 0.004. That one will hold
Risto,
Can you clarify "XMR does not have positive news"? Is the bad news that XMR is in a downward trend looking for its floor or is the bad news more sinister such a security breach or major delay in releasing new code?
I agree that I see no reason for XMR to not drop back to 0.004.
Thanks,
I don't think he implied any "bad news", rather that there may be a short term lack of "good news" - you know, stuff that makes people with short attention span buy and then post the news links in the trollbox.
Personally I disagree, there is so much good news that could happen any day.
Thanks!
While I like seeing the price of XMR rise as much as anyone, I would rather see the price fall in line with real value, then appreciate in line with reality. I know that is wishful thinking in the hysterical world of crypto. So the question begs... what is the real value of XMR? And I am sure everyone has a few different answers.
I am only concerned with the price of XMR from a buying point of view. I increased my holdings substantially as the price has been pulling back, having met my short term acquisition target, I am wondering if the best strategy is to withdraw buy orders and wait for the price to settle. I would not mind buying XMR at a 50% discount.
In the mid-term... next 2 years... I hope that XMR achieves price stability which will make XMR much more attractive as hedge and long-term storage of value.