Now I realize what was the reason for the mid-move turn back at 510 and the quite strong selling towards 400, which was not supported by fundamentals or anything.
The attackers have taken a short position during the decline (causing the decline), and when they run out of coins, the price also stopped declining. When it started going up, it was the time to attack.
Now if the holders sell their coins so that the price drops to below 400, without corresponding buyers except the attackers, then the attackers have won financially, fleecing the community. (The community has also won, because the bug was fixed and attack repelled.)
I pledge 1000 XMR to the devs for their ongoing good work, and BTC100 will be used to buy moneros in the exchange without further warning if I deem that the scamattackers are about to get too fat a profit from their attack.
Why do you keep throwing good money after bad? Monero developers have confirmed their incompetence numerous times, and you still continue investing in XMR. I understand that you’ve put a lot of effort and money in it but you should not be tied up to the sunk costs.
It seems that you've been lured into thinking that Monero is going to the moon when actually it is doomed. I think you should rethink your commitment before you've lost even more.
I think the devs and community have shown they respond well to a major crisis.
Anyone waiting for markets to open so they can panic sell; those holding; and even those thinking of investing should be reassured by the responses over the past 24 hours.
These are good signs for those that are long and want an invest and forget project.
Given the core support, trying to help dig the xmr grave is just asinine.
