XMR Crab market? potential reversal? I'm a permabull either way!
XMR is the most threatening digital asset to "the powers that be" since bitcoin. Unfortunately, monero is a victim of its' own success - the private-by-default currency is so good it naturally attracts the darkside of the economy (darknets, ransomware, et al). However, it is important to note that bitcoin got it's start in exactly the same manner and anyone avoiding purchasing bitcoin under this same logic missed out on 2-3 figure BTC - will history repeat itself and those hesitant of regulatory uncertainty will miss out once again on cheap monero? Or perhaps, more bearishly, bitcoin (& other transparent-ledgers) will simply be pushed to the mainstream with more zeal, as governments cannot afford to have their citizenry educated on monero for it potentially threatens their biggest revenue generation tool: taxation? As we see Monero experience delisting pressures at a time when community metrics and chain metrics are at their peak (in November, we did 11% of bitcoin's monthly tx's in the same month, for example), it is hard to get a grasp on where this coin is truly headed. I hope the true dexes and atomic-swaps that the community is working on come to fruition and can offset some of the delisting pressures. In any case, 0.4% of bitcoin's price while doing 11% of their tx-volume on the same time-frame makes XMR a seriously attractive buy for bitcoin whales even if they just want a small hedge bag.
Personally? I think pandora's box has been opened and monero can't go much lower than it already is without an entire market crash bringing everything down with it. Monero is the only coin poised to be able to handle any/all potential crypto regulations thrown at it, as well. In the privacy space, there is no serious competitor. The market is in a game of chicken with the price of Monero. How low can it go? We'll see...
They say the market can remain irrational longer than one can remain solvent. But that only applies to margin traders and the overleveraged/overexposed. If you invest properly, you should be able to remain patient longer than the market can remain irrational. That's the real secret. Buy the good stuff, and do nothing - for years potentially - until one day your whole life is different.
Personally? I think pandora's box has been opened and monero can't go much lower than it already is without an entire market crash bringing everything down with it. Monero is the only coin poised to be able to handle any/all potential crypto regulations thrown at it, as well. In the privacy space, there is no serious competitor. The market is in a game of chicken with the price of Monero. How low can it go? We'll see...
They say the market can remain irrational longer than one can remain solvent. But that only applies to margin traders and the overleveraged/overexposed. If you invest properly, you should be able to remain patient longer than the market can remain irrational. That's the real secret. Buy the good stuff, and do nothing - for years potentially - until one day your whole life is different.
Comment:
2022 is looking like it could be monero season!
Comment:
okay Mr. Market, let's make that double into a triple bottom!
Trade closed manually:
HE'S DEAD JIM