We are exactly a year after last bottom at $38. And since price is not that much above, that definitely tells us is good time to buy.
Yearly bottoms:
2015 $0.22
2016 $0.43
2017 $10
2018 $38
2019 $42
Oh and yesterday daily emission went under 1500 XMR.
Yearly bottoms:
2015 $0.22
2016 $0.43
2017 $10
2018 $38
2019 $42
Oh and yesterday daily emission went under 1500 XMR.
Romeros be getting scarce, it shouldn't be long before we see some movement.
*Shakes fist at chart
I just think there is a lot of uncertainty right now in the markets in general right now. Everyone and their mother can see a recession is coming.
However this isn't entirely a bad thing. Just keep steadily amassing monero when you have some extra government issued toilet paper to spare
I'm really curious about how Bitcoin or Monero would do during a recession. A part of me things it would do very well, especially because if people start seeing gains, the network effect will kick off a new bullrun. Especially when people are trying to get out of stocks and stuff.
I think Monero lost some market share because alot of people sold their XMR after January 2018. But if I had to take a guess, alot of the old OG's are probably keeping an eye on XMR.