Quote from: Qastessa on August 05, 2017, 06:02:18 PM

Quote from: smooth on August 04, 2017, 05:44:28 PM

Quote from: Febo on August 04, 2017, 02:14:48 PM

Monero price increase in 2016 was not due some new markets opened. But was due that darkmarkets recognized Monero as best fungible currency. With few markets closing that recognition still stays as valid.

With all new people in crypto and so much more money and so much more media expose of Monero and so much more development that is allready big and just keeps increasing. I and many are surprised that Monero managed to increase its price only 3 times in 2017.

Monero's rise in 2016 was at the front end of a wave of increases in many coins including ETH, DASH, and XRP (and of course BTC). It is quite plausible that the stage was just set for explosive gains across the board after a couple of years of steady accumulation and steadily growing interest in the asset class, and while XMR just happened to catch a spark first, the spark wasn't the main reason for the explosion, the accumulation of fuel was.

So do you mean after whales accumulate enough, they will pump the price? I hope the price goes up slowly, not pump and dump.

My comment was referring the past, specifically late 2016 and early 2017. Whatever we might hope for in the future, the price increases during that period were certainly not slow, nor were they pump-and-dump in the sense that most (but not all, of course) of the gains have been retained. Despite being rapid, it was a significant and meaningful repricing, and so far a sustainable one.