If you believe in Monero's future (you should... just take a look at active research and development), it would be wise to use this "down time" to fortify your position and tie up loose ends. I've been accumulating since the price fell under $150.

I was almost certain the downtrend would have reversed sooner, but these waiting periods can be seen as an opportunity to focus on some of the less exciting but equally important facets of investing: security and wealth preservation. Don't find yourself caught off guard when things start to heat up again.

We can't become irrelevant if the machines depend on us (our attention, our money). Like a parasite, they can't survive without a host. So either we stop caring what is or isn't real (should we care?), or we leave the island altogether. An island of robots benefits no one.

My last prediction was way off, but I do think we'll see big movement before October. We're deep in the "is anything ever going to happen" phase of the cycle that is reminiscent of last year when the price seemed to perpetually hover around $30.

The general pattern of the XMR market (and all of crypto, really) is long periods of consolidation and false reversals, followed by very brief moments of extreme excitement and massive price increases. I'm confident we're going to see some fireworks (very) soon.

Including our favorite duck-like bear pig who no longer shows his face around here. He (and others) expected to price to fall all the way to 50k sat. Well stated that the long position is the best position to have (if you can find a long worth taking). Optimism wins over the long-term.

I assume we'll see $300 by end of day. It's $297 right now.

I'm not so sure. The on/off-ramps to crypto (especially alts) are not as easily accessible and thus less susceptible to panics in the broader markets. Cryptos still remain very much on the fringe in spite of their recent publicity.

Always an optimist, aren't you?

In the past I've noticed that whenever the price started to move upward "something" would happen to reverse the trend. Either FUD or a social attack or something to kill the upward momentum. This seemed to happen more often while the project was less mature, however there are more recent examples of foul play (don't tell me the monero-link report wasn't an obvious attempt to discredit the project in the guise of "research").

That said, I don't think there's currently an attempt to suppress the price on a large scale. If the price isn't going higher it's probably because the market isn't ready. $300/0.03btc seems to be a psychological threshold where a lot of speculators are taking profit. The uptrend can't proceed until they get their fill, which I'm betting happens sometime in late March.

Both DV Chain and Cumberland will trade Monero. Don't expect much hand holding from either of them, however.

You should be doubting me. After all, I'm just a guy on the internet.


The rises are abrupt and without warning. They're astonishing only for a brief moment before seeming inevitable in retrospect.

XMR looks to be on track to do what it always does. Fireworks on March 20th. $1500.

Did you notify them? The reason the PayID is important is because it tells them whose account to credit. If you don't file a ticket, you'll never get your money.

There has to be uncertainty in the market, otherwise there would be no reason for people to panic

When BTC fell 80% after its December '13 high, it took over a year to reach the bottom.

It's barely February. If we really are entering a bear market, I'm guessing it's going to be a quick one. More likely, it's just going to be a very turbulent (yet profitable) year in crypto.

I'll be more sure when the trolls arrive. That's usually when the countdown begins.

Well said. The way I see it, the quicker BTC crashes, the better it is for XMR. Let it fall to 4k USD. We'll still see 500% of the low by March.

$243 and falling. Anyone scared yet?

Sort posts by "new" and you will see a lot of activity before it gets moderated and downvoted. The sub might seem less active only because the mods do a pretty good job of filtering all the spam and low quality content.

Checking that box has never seemed to change anything for me, unfortunately

EDIT: ok it does work for fiat pairs like XMR/EUR, but not XMR/BTC.

You're probably correct, but I only look at USD markets (where $477 seems to be the top) because as far as I can tell cryptowatch doesn't chart BTC pairs in USD. That would be a nice feature.

My bet is always the same: 5X wherever the price stabilizes, 45ish days after the bottom. So if we stick around $300 moving forward, that puts us at $1500 in early March.