As expected still fighting with supply in that zone, careful with a potential h&s for people longing on margin.
It's happening...could be a retest of 0.012.
Surprisingly bearish, I was not expecting under 0.013... maybe it was all about the GUI and now Alt market money is looking for underpriced options....
Any TA-savvy crystal ball gazers want to extrapolate from here?
it has been done already, scroll up between 1 and 3 pages, can't remember.
thx for your input on the T/A chart but you make a few assumptions i wouldnt be 100% sure about
the august bagholders may not be the current sellers since the price tanked very low in september oct,nov etc and
people maybe have doubled their money and then some by buying in thiose months of epic crashdom .....
i thin its still a good bit too early for xmr to bloom and people who got biten by the last OASIS and ALPAHABAY scam wont be so
quick to throw millions of dollars into the fire again so easily ,at least until we get some more real use cases ......
Scam?
Do you mean the price rise associated with the news of XMR adoption?
Because your use of 'scam' seems to be aimed at XMR. Oasis may have been an exit scam - but I doubt much (if any) XMR were lost. One small dark market disappeared (with punters BTC). So?
And Alphabay just opened up the dark markets to XMR, not sure how that qualifies as a scam, either.
Care to explain what you meant?
oasis and alphabay buys up all the cheap xmr
then they go public and announce their news
even went so far as to advise their customers to stock up on xmr for future purchases
customers bought xmr up to near $16 iirc
oasis ran away with everybodys money and alphabay faked a wallet problem and monero was unusable for awhile
these factors resulted in severe losses for lots of their customers
i would call that a scam but you could also say it was a tragic set of unforeseen circumstances which occured naturally at worst possible timing
your choice....
(btw i like monero and i am a signifigant hodler,i am not blaming the coin itself for the actions of the guilty in case it sounded like that)
I think Alphabay were / are perhaps genuinely interested - and I cannot know how they might have benefited - but pre GUI it was badly implemented at first. Oasis was an exit scam, yes, but it is hard to know if much or any XMR was lost, other than in speculation around the announcement.
But thank you for clearing up this wasn't a scam of XMR's making, which is what I sought. Like you I hold XMR, so I don't want fresh eyes looking at XMR to think we (those who support XMR on here) approve, or were complicit in any scams.
We can't blame XMR for how XMR is used, even if it is used for dubious financial gains.
It boils down to this being insider trading on the part of Alphabay and because nothing is "really" regulated in crypto who's going to do anything about it? And, let's be honest, what would you expect from a darknet market place. They know they are going to announce using XMR and in the meantime they buy a pretty good stash in stealth mode at very low prices, make the announcement, encourage vendors to stock up and we end up with an ATH and they make some serious cash. If you were running even a legal business online you may do something similar given the opportunity.
