People want bitcoin for 10th August. What will happen after 10th August? Huge BTC dump. And probably soon after a bottom of this Bitcoin cycle. So what good trader do when everyone is buying Bitcoin? They buy alts. So Buy Monero and buy back Bitcoin after 10th August dump. If you need Bitcoin so much.
The people on /r/ethtrader are pretty bearish at the moment ( normally they are circlejerk permabulls in there ) , many expect a huge dump for alts on both scenario's: ETF approval or rejection.
BTC has risen over 20% in the last week , but alts have dropped significantly in the last week. What will alts do when BTC does another 10/20% percent bounce ? probably dump. A 10% dump ? alts will dump. It's insane i think. But i hope i'm wrong and markets will turn normal at some moment of time.
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Topic
BoardSpeculation (Altcoins)
Re: [XMR] Monero Speculation
by
DefendKebab
on 23/07/2018, 07:34:16 UTC
It looks like the worst time to hold any alts at the moment , every bitcoin movement up or down creates a sellof for altcoins including monero.
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Topic
BoardSpeculation (Altcoins)
Re: [XMR] Monero Speculation
by
DefendKebab
on 07/07/2018, 22:57:38 UTC
The current market volume for altcoins and btc is insane compared to a few months ago, where did it al go??? it was probably never real in the first place.
Why does it go up when it goes up? Why does it go down when it goes down?
When 'they' want the price down or up, xmr price is so manipulated it's ridiculous.
Post
Topic
BoardSpeculation (Altcoins)
Re: [XMR] Monero Speculation
by
DefendKebab
on 21/06/2018, 20:41:02 UTC
Price action doesn't look good to be honest, with every small BTC drop XMR goes down but when BTC recovers there isn't much recovering for XMR, the ratio keeps getting crushed.
YAY, Coinbase fuked me this time! For the first time I sold on a high (instead of holding and watching the process repeat) and tried to cash out when BTC was still at !7k and friggin Coin base wouldn't let me sell and now BTC is dumped and I'm stuck with it. Luckily I didn't have that much. These exchanges are driving me nuts, even when you get it right they screw you.
Why are the biggest exchanges like Bitfinex en Coinbase so shady , they are run by fraudsters nobody should use them.