Quote from: iamnotback on March 29, 2017, 07:51:19 AM

Quote from: kenscho on March 29, 2017, 06:16:49 AM

Anyways, I wanted to write a small post here to encourage new fans not to bail on this wonderful currency just because the price drops. As in, the price dropping by 70%. What was the latest new high we experienced earlier this month? $25/xmr? It could very well drop to $7 in 2017.
I say this because it has done that in the past. I was there during the last big drop, and it was pretty rough. In August of 2016 Monero was accepted on Alphabay, the first coin besides Bitcoin on the DNM. It shot up from $2.50 to $15 in under two weeks. That's 600% gains in 13 days. Boom:

...a lot of us began to calculate our winnings more seriously, and began to assume that $15/xmr was the new normal.

Our coins, once worth a glorious $15, were now worth a pathetic $4.38. A drop of over 70%. Oof.

I am eyeing an entry point between $7 and $15. First time I will diversify into XMR. It is just time to start giving up on Bitcoin. The Scalepocalypse will not be rectified soon. I am in ETH right now, whose chart looks more bullish to me short-term. None of this guaranteed of course. Although if BU fades away, Bitcoin may get a significant recovery bounce, but then I think it would come back down again as reality sets in that LN is a long ways from reality and miners are going to gouge for fees if they lose the war about block size. I might be misreading XMR's chart and it may be poised to move higher now.

Note recently it was mentioned that ETH will soon be added to Alphabay and several other significant news stories with Raiden and Metro coming soon as well. And many ICO apps coming out for Ethereum such as MobileGo and including the very rapidly appreciating First Blood.

i think monero are the best currency after BTC. i think we will see 100-150 per xmr in the next 2 years