I don't think we can see 50 soon. Many bagholders are unhappy cause of fluffy and dump after price rose
Exactly. That's the reason we will encounter MANY bears until 0.022-0.025. We could have broken this earlier very easily, but now we'll have to wait a long time until buy pressure is high enough to break that wall. Investing in XMR is
very long term. Well, very long term in cryptotime, which is still much faster than the regular stock market :')
I call BS... as we are only talking about a short time period of 24h's and i guess most positions that could hold us back more than before are unwinded already
I think the adoption rate was seriously hurt by the unprofessionalism shown, serious backers are easily scared off from childish acts that paint a project in a unstable light. I don't doubt that new comers were put off and many that were considering getting in were also put off and this is why the expected increase that the other top coins enjoyed was curtailed by this action.
With that being said the code is not effected and all this has done is put a damper on growth for awhile so it's not like the eco system and community are forever stunted as a result.
For me it is a net positive (although one I would not have liked to see) as it will give me time to accumulate some before the next spike. I doubt there was one true believer that has left because of this.
Still disagree, that is mostly dumb money that got scared away... serious backers or people who just don`t throw money at everything, take their time and use the best tech available, for those people the R&D is important... not the marketing department... and as you said code and dev-team still intact