Are people forgetting the single large volume buys that took us to 400+? Seems weird how people are scared the price went down again.
Yup, it was not good for the bull trend to take it above 0.004 this fast. Man, when I went to sleep, the price was 0.0029 and in the morning when I woke up the price was 0.004. It was crazy.
This correction was healthy and probably it was done mainly by the profit takers.
I hope there is slower growth rate this time.
Going through the roof indicates coming dump so market making is important.
I don't think Monero will go to parity with bitcoin
during this rally, but eventually I am speculating Monero will replace btc as # 1 crypto in years to come.
Keep in mind, the minimum blockreward gives out only <500 xmr daily.
Monero can realistically replace btc in 3 years (the most optimistic scenario). More realistic scenario is 3+ years. Pessimistic being XMR will stay like it is now (or going to 0.01 only, including going to 0 - now it is pretty close to the latter IMO).
Summa summarum, if you believe Monero will make a huge difference in the future, buy XMR, if you think it will stay like this, don't do anything and if you think it will go to 0, you may dump. However, you barely get ~ 1 usd each.