the coin is already pretty much down.
While
I wish the coin would get to 100$ or more and while the coin has indeed fallen a lot from its ~15$ peak, I want to remind you it was even 0.6$ or so at some point.
Just to make sure your calculations are accurate and the "low" numbers are correct.
I was thinking about buying more XMR, but I am still undecided. Because there's still plenty of room to fall
To big to fall. 0.6$ is totally unrealistic. There are too many bagholders, to many people entered high. Too much fundementals. There is no infinity downtrend for this coin. The coin is still valid and superior to BTC. I know from my sources that there is already a lot of money ready to pump XMR again. And I even know the exact value when it will pumped into XMR.
if XMR <= X || XMR >= X for Y days with no longer movement to X than XMR get's pumped. So anyway its just a matter of time until this will happen. It is actually exactly like everyone said here once in the past...its pump and dump and pump and dump....in that game are unfort. always people who are losing. Well actually some deserve it by total ignorance
I recently read a post about a girl who put money into XMR to finance her daugthers high school or so. These are people who doesn't deserve it for sure. I wrote her, giving her some XMR and tips for trading (actually I said she should just not sell the coins and hold them until there are worth at least x3
) but this are maybe people like in the early of BTC. Some just bought BTC, saved them into a wallet and forgot about it for a while. Some ppl. here just don't understand what trading is about.
How often I read here "N-rG changed his mined uh uh blabla". Sure that's a matter of trading. Buy/sell, short/long, fud blabla. People don't understand to ask proper questions.
When I write here, i usually share my short term trading. In the long run XMR will go for sure up again (not hard to predict at this price)
The question is: How high will XMR go. I don't know. Depends on the marketing of XMR. If half of the bagholder-people here and in some other communites would invest their time to make decent and professional advertisment ("XMR will rise" is no advertisment), than it could reach a new ATH. As a trader who win with short or long i feel not responsible for this
I write a bit more, it's raining...
zCash. Since it's not open source and has some major bad "features" it will be never adopted in DMN. And it will never be used for any criminal activities. (I wrote some days ago that zCash could get the Ransomware business. After reading some keyfacts about zCash i know it will not get this business) Actually, it will never be used for anything, except pump&dump. But they have really good marketing. In the end they can also thank you to even fluffypony (i read somewhere that even he celebrated zcash). This bubble proably boost zcash to the top 4. The burst of that will be just.....nice $$$
So i think this will happen:
1.
zCash will rise very strong (futures already at 70$ -> already a bubble, every rise -> more bubble). Money from mostly BTC, ETH & DASH will go into that coin and ofc some fresh fiat.
XMR is done to that time, cause it cannot go down much more due to the pump plan i mentioned above.
So that stream of money moving from other coins to zCash can even lead to a new crash of ETH (its the biggest bubble atm). More cash available for 3.
2.
Discussions. The community will fight pro/con XMR/zCash. This fight will win in the end to 100% XMR.
3.
Last step.
zCrash. Since everyone know's about zCrash and monero (zcash will automatically get huge media attention due to its rise, but this will also effect XMR) and as soon as the zcash bubble bursts that money will flow directly to BTC/XMR.
So as I mentioned before, zCash grew from BTC/ETH/new fiat and because zCash will go to the top 4 imagine where XMR will be than. That's my long term position on XMR. All this money has to go somewhere in the end. Since there will be a new rise on XMR it could also break down the stability and "peace" of the Dash community. Since DASH is loosing masternodes every week it doesnt look so good for that community.
This prediction is still not wrote into stone for sure. If AlphaBay will disappear it is going to hit XMR too. There are always a lot of factors playing into. So it's up to developers (GUI), marketing, bagholders and the community to build up an ecosystem around XMR that it is not so much depending on AB. Anyway, these are my thoughts for all the haters here. For me nothing of that really maters. I'll make money either way
monero up & down was a free ticket for getting money.
