Quote from: kurious on March 15, 2017, 09:27:35 AM

Quote from: tat123 on March 15, 2017, 08:57:44 AM

Quote from: dragonares on March 15, 2017, 07:50:34 AM

When will XMR surpass Dash again? Last big pump cost more than 100000 BTC to get last ATH. But Dash has much less volume, their pump is crazier than us.

The buy walls have been pretty tame for a pump this big, but the limited supply is the reason. When Dash first started to pump, there was almost no coins being lent out, rates were crazy. Combine that with an orchestrated shill blitz... you get $100.

Right now XMR has been ranging during the last 6 months. Support of .0093 resistance of about .0147 so .0120 being the average. So XMR is looking decent, but does it have legs? (I get the value, being truly fungible and the idea of it being privacy centric, instead of it being an option like Zcash). Mobile wallet, GUI out of beta, DNM vendors, Coinbase... all these things will bring value, but when?

For most of you hardcore monero types, you probably don't care when, you know eventually you will be rewarded. But I am not one of you. I got in as a hedge last Friday during the ETF announcement. It worked out great so far, but now I am seeing BTC stabilize, and contemplating on switching back. The only problem... BTC is fucked right now. Both sides are making a play. One side wants BTC to be something, and the other wants another thing. BTC is risky as hell as an investment, and now this?

I am inclined right now to stay in XMR. I think the Dash SPECULATORS are just that. Speculators, not a bunch of die hards like you guys. I see this as one of Moneroj greatest strengths. So when the music stops, they will FOMO XMR to .0225 is my guess. Why XMR? Greed. Everybody is already setting it up on Polo. "If Dash could do this with crappier tech, then watch what XMR does"! Or the speculators find Jesus and his name is Evan, and join the DashCult.

Alts look like a huge bubble just now - ETH is at 2.6 billion USD market cap, Dash at 660 million and worth (ahem) nearly 90 USD.

This is simply not sustainable, as it based on hopium.

Our hope is that our 'Steady Eddie', XMR, will clean up by not being part of this irrational exuberance over a load of hot air with no proven use.

The rise of Dash either gives it 'first mover advantage' or kills not just Dash, but perhaps stains the entire Alt market for some time if it collapses in a dashtastrophic way. Will ETH follow....? Think tech bubble way back when.

I think it is frankly all BTC's fault as it has such glaring holes and problems, yet is growing so much anyway, the whole CC market is looking like a gold rush. I don't think even BTC's price level is as credible as most think - is it really 'definitely' on an infinite rise?

BTC holders know they need to diversify and are doing so, looking for hedges - and XMR is a damn good one, it tends to move inversely to BTC.

However in a black swan event with all CCs going toxic, there are no safe haven hedges.

Apologies for apocalyptic thoughts, chaps, but I am concerned about a market I am invested in that looks like it might be overheating. I am glad XMR is not at Dash's level because of this.

If it really crashes badly it may make headlines outside our world, some noobs will have bet their house on it.

Well obviously, if you look into Dash chart, it is going parabolic. And this parabolic behavior will have deep retracement in the near future.