Post
Topic
Board Altcoin Discussion
Re: [XMR] rpietila Monero Economics thread
by
Kuriso
on 20/07/2014, 17:00:54 UTC
Monero seems to be quite unstable. What's wrong with the price?

Actually, it is remarkably stable since start, no large pumps and dumps along the way. Mean average price rising since may.

Really?  Have you looked at the chart?  From a high of .01111 to a next dump low of .0024xxx.  I'd call that a large pump and dump.

https://poloniex.com/exchange/btc_xmr

So perhaps, you didnt notice, that just last year in april BTC lost 78% of its value in correction, right? ;-) Yes, I am watching charts and making investment decisions with them in mind.

You said, "Actually, it is remarkably stable since start, no large pumps and dumps along the way." and you are wrong.  XMR has had 3 large pump and dumps on Poloniex and several small ones.  The largest XMR pump and dump was pre-mintpal and went from .00190xx to .01xxxx and then back down to a low of .0024xxx.  That dump was very close to the same loss you say BTC had.  Your attempt to deflect and ignore the fact you were wrong has failed.