Quote from: dragonvslinux on Today at 12:04:51 AM

Quote from: cAPSLOCK on December 14, 2021, 08:24:07 PM

Same sort of thing in XMR/BTC:

It would be fairly sad to see the price breaking either of these, and devastating if we lost both... That seems EXTREMELY unlikely. So for the first time in ages, I am a buyer.

I feel like I'm looking at a different chart than you. This is the 1 month chart. It looks like trying to catch and falling knife, especially given 2021 has been a crypto bull market.

Making a new local low will be devastating for price, and personally I'm surprised as well there hasn't been a bounce from current prices, but it is what it is it seems. Personally I still think FED are scooping up a lot of these coins from dark-web busts, where a lot of liquidity is, then dumping for USD or even BTC. Monero still has enough use case, so it's surprising to see it down for the year.

In fairness we've also seen this in the BTC price of Litecoin, Bitcoin Cash and others that were popular 2017 coins. If price bounces back to that long-term resistance trend-line, I'll be reducing exposure that's for sure.

We are looking at different charts! Mine covers a year~ and your the lifetime of Monero.