Monero will recover i have no doubt about it at all
some of you people may want to get some and some hodl them
unless youre conformatble with the volatilitys of day trading
monero is basically a better bitcoin and transcation privacy will get more important going forward
than it is now so this is a buying opportuinity to get it this cheap
some of you people may want to get some and some hodl them
unless youre conformatble with the volatilitys of day trading
monero is basically a better bitcoin and transcation privacy will get more important going forward
than it is now so this is a buying opportuinity to get it this cheap
Definetely I agree.
I still have my bids waiting for the dumpers who are thirsty for bitcoins.
Those Moneros I am bidding are not needed but I see it important to give liquidity to Panic Patricks who want to exit at the bottomish prices.
The dumpers make one mistake by opening excessive amounts of short positions: They think there still is high emission which takes care of the short position closing like it used to do 1-2 years ago. That's why it appeared that the bears won each battle.
These days there is a severe shortage of virgin coins and the shortage gets worse all the time as the emission becomes even more rigid.
There are now only two ways to get the price down: 1) Whales selling (probably will not happen at the bottom, Warz has sold his position almost completely and probably looking for entrance). 2) Short selling upon short selling. However, that is dangerous because it is based on greater fool theory. The last shorter(s) pay the price when the whales see the water is deep enough for them to do some jumping and tricks.
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Have to retire first, and then why bother, right?