Well, Risto said almost 1 year ago when Monero was launched that Monero trading will take place in his opinion between 0.002-0.004.
When this was said, the emission was almost 50 % higher than currently.
Monero peaked around midsummer feast at 5 usd - and this happened almost a year ago when nothing has been done almost to the code base. If it was possible then, why not today?
After all, I am now on the water for long long long time. My average buying price is somewhere around 0.003-0.0035. And when I bought most of my Moneros bitcoin was trading between 400-685 usd.
I think many were buying along me so there is not that much sellers at current prices. Also I doubt if long term bagholders like me and the others are selling at 10-30 % profit. I assume we are expecting much more if we ever want to sell even. Much better if there will be useful stuff to buy directly with XMR - and prefertably from Monero-friendly people who do not dump immediately after receiving the payment.
In my opinion, the fair price for Monero is now where the darkcoin is (around 0.02). Given the development and lowering block reward, the community etc.
I'll be glad as you if we go up so more. But there are plenty of people with coins bought between 0.001-0.003 (and btc bought at 200-250) that will sell with a nice profit at this time- it just takes a flatline price for a bit and people get jittery.
