So Monero Jesus's magic number of .00365 was broken. What happens now? I think any analysis involving what amounts to arbitrarily chosen magic numbers is pure bullshit.
Common knowledge. This along with aminorex's "mining costs" BS. But they are successfully building the XMR army with each buy in at any given price. That is how it works.
For more lulz, visit Polo trollbox and watch the puppets parroting.
Let's make it simpler then.
If Monero ends up as a 50,000 bitcoin coin in two years, then buy around 0.0033ish, expect 0.01 if you can imagine a price of 150,000 bitcoin in two years.
I'm buying not because of Jesus (I invested well before rpietila talked about Monero) but because the development of this coin is strong and I am investing based on Monero replacing 3rd place minimum, and taking out Litecoin as a bonus.
Expect a price of 0.02 if Monero does take Litecoins place.
If you're buying because of magic numbers and technical analysis, I would suggest withdrawing your Monero and Bitcoin and try the local casino.
This coin will not do well if half the investors lose their money to large whale pumps.
Did you mean to quote me? haha yes I don't go by magic numbers. I was merely saying it was widely known that TA won't work as effectively at this stage of the game. Supply and demand, simple.
The anon market is fragmented. If XMR was the only anon coin, maybe things would be different. This is also why psy ops are being played on sellers and buyers of various coins, including this one. Pulling magic numbers are part of this deal and just that.