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Author Topic: XMR: Up or down now?  (Read 345 times)
thejaytiesto
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September 03, 2016, 05:20:05 PM
 #1

We have seen excellent performance over the past hours. The question now is the obvious one: Are we going to go for a fourth new price increase to establish an higher floor?

The pros are that the coin has a real use in the dark markets, there's a real demand since Bitcoin is not yet as anonymous as it should be (it will in the future, just not today). The marketcap is still rather small for the total supply, one could think, if compared to the likes of Litecoin in previous pumps.

If we consider the cons: It has no gui, it has problems to scale..

Im not sure what to do. You never know if you are the idiot buying at the top, or missing on the next big pump. I hate this feeling.

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September 03, 2016, 05:24:56 PM
 #2

I think price is going to new ATH for monero, as price is pumping currently on its second phase and i also think this is reasonable as the news about monero getting accepted by darknet marketplace leaders is really a good news and it will keep attracting more speculaters as well as real darknet users.

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September 03, 2016, 05:25:56 PM
 #3

Definitely going to keep pumping, but waiting on the bubble pop and buy at the correction dip

Back in my day Bitcoin used to cost $69
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September 03, 2016, 05:28:41 PM
 #4


If we consider the cons: It has no gui, it has problems to scale..


Monero have no problems to scale.
And GUI is just around the corner.

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thejaytiesto
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September 03, 2016, 05:37:48 PM
 #5

Definitely going to keep pumping, but waiting on the bubble pop and buy at the correction dip


Im also waiting for a correction, the problem is if this correction never happens. We can't know if there is going to be a dip or just a stable price with a formation of a triangle that ends up in another big price explosion upwards.

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