Wow! Lots of FUD in the Polo trollbox this morning. A lot of shorts talking their book and spreading FUD to anyone who will listen.
So, here's my theory for what it's worth... I think we have the typical situation in that someone is putting consistent pressure on the market to drop the price either due to a short position or just because they want to accumulate at lower prices. This is not news in our world, the fact that someone wants to accumulate Monero that badly, even when most other alts right now are in the green, means there is a lot of upside potential.
My approach is to follow the whales!
So, here's my theory for what it's worth... I think we have the typical situation in that someone is putting consistent pressure on the market to drop the price either due to a short position or just because they want to accumulate at lower prices. This is not news in our world, the fact that someone wants to accumulate Monero that badly, even when most other alts right now are in the green, means there is a lot of upside potential.
My approach is to follow the whales!
i think its quite difficult to follow the whales when your coin is in webwallet which btw being offline for days because of fork. so i can imagine some investor buy at certain prices and saw how the price climb higher and higher but then when he want to sell, the webwallet was not online and in the end he lost money instead LOL....
and the ppl who tell him to buy monero and store at that webwallet call him idiot
