Question is of xmr could recover from this ?
No. Moreno is likely headed back to its ICO price; and may remain at sub-$20 for a while if it survives as a cryptocurrency.
Afraid cannot suggest any viable cryptocurrency as a stable investment during 2018-2020.
Historically, when any asset bubble bursts, the unwinding bear market typically lasts 2 years on average (from peak price to ultimate low); and usually erases 80%-90% in value; see here:
http://www.thebubblebubble.com/historic-crashes/
Applying the same metrics to the cryptocurrency bubble, it would suggest Bitcoin at sub $1000 by Christmas 2018 or Easter 2019.
From late 2019 to early 2020, the second generation of cryptocurrencies ought to emerge as viable long-term investments; however this time, with stable growth, purpose fit technology, robust secure exchange platforms and real adoption not parabolic exuberance.
Paradoxically, a volatile and rapid appreciation of a currency, is a failed currency. By definition, currencies are supposed to be recognized, accepted and stable mediums of exchange not just another speculative boom-bust asset class.
https://bitcointalk.org/index.php?topic=2711461.0
YAY!!!
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Don't answer. Those are rhetorical. We see through you. And some of us are glad you're here.
Don't answer. Those are rhetorical. We see through you. And some of us are glad you're here.
Yup!
Im considering buying monero. However, what is the absolute highest price you guys think monero can hit? Its already over 200 dollars. Does anyone here think 2k or 5k is possible? The fact that its a privacy coin and talked about alot should mean a lot right?
You ask this every day. Are you expecting different answers? OK, I'll bite.
In December it was over $500, and that's where all of the long time holders sold. Monero will dwindle to $60 by June, and never get above that again. Sell Sell Sell!
I was triggered until I saw who posted this.
Me2.
