It is official. Monero won title of most profitable Crypto in 2016: https://bitcointalksearch.org/topic/crypto-profit-of-the-2016-final-version-1732516
That's impressive. 2916,30% rise in just one year, wow. Unfortunately I wasn't into crypto world in the beginning of the 2016. Now I wish I bought XMR with as much money as I could afford. So, did some people from here earn big money with Monero?
Thing is that on 1st January 2016, finally binaries that was named 0.9 Hydrogen Helix come out. Basically everyone knew they will be out 3 months before that since was tested so long as anything in Monero. Market did not react on it even once they were out, it did slowly with a delay. ETH and latter I also remember Siacoin attracted way to much attention and made many blind to not see Monero.
I remember when I joined Poloniex trolbox on January 1st 2016 and said that Monero with Hydrogen Helix finally started running and that everything in Monero will now take way less to get developed, people were laughing or ignoring me.
Most that are reading and posting here, bought Monero way before 1st January 2016 and paid much more then would at that point. But I am sure there are some lucky guys that did it at that time, when all was totally clear what is ahead of Monero.
Well beside that positive Hydrogen Helix, there was 3 negative things that was pushing Monero price down.
1. Ethereum and co in Spring of 2016 steal all atention
2. Bitcoin halving in Summer 2016, since everyone expected BTC rally and would buy Monero soon after BTC ATH.
3. ZCash start in Autumn 2016. Highly advertised Monero competitor.
With this 3 things not be there, Monero price would be way higher today.
Fundamentally, these challenged the existence of Monero.
And technically, the price also needs a breather and cannot go straight up (parabolic run).
All of these are good things for Monero.
