Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Kryptowerk
on 06/12/2018, 21:36:28 UTC
I'm not spreading FUD, but has anyone seen this price projection?

XMR @ <0.007 BTC

https://twitter.com/ezbrahBTC/status/1070664392876875777
https://twitter.com/MeatTC_/status/1020783981925732353



Currently I am having a hard time seeing these isolated charts.  So much is happening in crypto/finance right now.

Ethereum imploding and reaching the technical wall so many of us saw coming.
BCH melting down.
BSV being propped up by a billionaire or two.
The era of forks slowing.
The era of blockchain attacks is heating up (e.g. vertcoin attack)
What is beginning to look like 2008-2009 scenario in world markets. (Global reset possible)

So these things just don't move in isolation.

True words. It's like an equation with at least 5 unknown variables. If we place (random) values / make assumptions in three of them, leaving only two "unknowns" we can come up with a graph that shows some possible outcomes.
Right now anyone claiming to know what's gonna happen next is (at least slightly) delusional. Just my opinion.
Even great projects with high quality code, constant development and true innovation have a good chance to suffer in short/midterm from a crash of traditional markets. Hopefully it won't happen, but it seems quite likely.