Is there any explanation why BTCs down movement triggered a down movement for XMR?
Yes it was interesting to see the price of Monero mirror the price of Bitcoin during the drop.
Anyone have an explanation why the price has been so closely tied to the value of Bitcoin?
Profit taking (USD is strong atm), also chinese Gov warning that VC's are not currency.
A Few days back I predicted this.
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I speculate thaT BTC WILL DROP SOON AND (FUCKING CAPS LOCK) xmr will drop a bit wirh profit taking so on the next spike I'm gonna convert to usd and rebuy on the btc low.
Lets see how this works out, last time i called it on the head but screwed my self by not having the capitol available to get back in! Lol...
I speculate thaT BTC WILL DROP SOON AND (FUCKING CAPS LOCK) xmr will drop a bit wirh profit taking so on the next spike I'm gonna convert to usd and rebuy on the btc low.
Lets see how this works out, last time i called it on the head but screwed my self by not having the capitol available to get back in! Lol...
Odds of anyone saying that and being correct are high, sorry
. What did you do with that information that you had in advance? And is that the reason you are quoting yourself repeatedly? I see patterns and I am pointing out that I have been giving this type free advice for years and have not even been thanked once. Feel free to go back and find a incorrect prediction I have made, I don't remember any. Yet I see People shilling their bags and idiot n00bs listen to them and get crushed, I'm dumbfounded by this.
I have been trying to help n00bs from getting fleeced in this manipulated market but they chase the short term while missing the long.
AFA what I did was try to convert to usd on kraken but the bots continually beat me and all I did was push the price down so I stopped. I also bout a few more on the downslide but I had only a few bucks in btc so didn't get much and kraken teir 3 was too much of a pita to complete so I told them to fuck off. they complained I didn't put a date in the picture they made me provide, I guess I had missed that. Not to mention Kraken order book blows and their buy sell sucks as well, it doesn't even show your funds you have access to.