Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
dEBRUYNE
on 02/10/2014, 09:25:52 UTC
2 da m00n or 2 da dungeon?


I think the price is still under the fear from BCX "attack". He comes on every few days and says he "still has time" ( it was 22 days....)
Until that threat is resolved either way we aren't moving much up or down.

I don't believe anyone with money to move the markets is waiting on that. Weak hands sold, strong hands held, new hands are buying. Business as usual. With a little less Monero-centric worldview you could see that Bitcoin and alts are fighting for their life, so a low price is just sympathy.

The price crashed within 5 minutes of BCX threat on Poloniex trollbox, with very large volume. It seemed that at least one very large holder did cash out because of the threat.
You may call him "weak hand", but certainly he had enough to move the market.

IIRC Warz cashed out a significant portion of his stash. Atleast that is what he said at the trollbox. Plus he is still waiting to buy in again.