Quote from: kurious on December 01, 2018, 09:54:48 AM

I do agree it's less likely things can drop much further, but Monero will not be 'out of the woods' until Bitcoin is. It's stating the obvious, but the behemoth that BTC is, in a market that is dominated by it, sets the tone... meaning any prediction of Monero's price (in USD terms) is heavily dependent on the BTC /USD market.

That said, assuming the bear market must end in BTC and that the end is more likely to be months, than years away now, then that will see Monero's USD price rise heavily from the lows we have seen of late. It will take a rise against BTC too for it to really shine, but once there are real signs the crypto winter is ending, Monero is well placed and has fared better than most in these tough times.

Monero is undeniably cheap at these levels. I think much lower in XMR/USD than the $50 mark is highly unlikely unless BTC is going to go under $3000, so it probably is a good time to buy (given XMR/BTC is as low as it's been for a few months against BTC, too).

Aminorex is right to be cautious; calling the bear market over is a mug's game - but the possibility of a sharp move up is certainly real.

If we are following a 2013/2014 pattern again, as some say - then January next year should be the absolute low. OK, history doesn't repeat itself exactly, but it often rhymes....

I personally think the BTC (and therefore the whole crypto) bear market is bottoming and will be visibly over soon - by spring at the latest - which means the outlook for Monero is looking good. But that is just my gut feeling, hopium-based guess.

DYOR.

I feel that is totally true as of right now, but what if there was an actually "flippining" period where XMR took over in market cap compared to BTC and it is all out there in the public by it being covered in the media, news stories or whatever. BTC has already made headlines during the crazy bull market last year, but think of how much "click bait" journalism could be produced if Monero starts a bull run in the XMR/BTC market. How many times could "experts" come on TV news and talk about this new and untraceable internet currency like Bitcoin that is being hailed by users on the 'dark web' as the 'new Bitcoin'.

Yes, I understand that Bitcoin is a super fucking vital part to everything... but that's just right now. I'm honestly not sold on the fact that if Bitcoin isn't #1 on the market cap list for ever and ever, that everything will come crashing down.

Edit: Oh, and I don't think that buying at these prices will pose as a problem for anyone, whether you buy here at $50, or catch the knife so perfectly that you caught the absolute very bottom of $32.69 in a couple months or so, or whatever the case may be, when you believe that xmr will be worth way more in the future.

I will refer to Pegasus to explain: https://www.youtube.com/watch?v=iEzNXzZy8e4