Is it possible there is some relation to the Moolah bankruptcy and XMR tanking? A lot of people seem to have lost some XMR on the site due to "problems with the daemon" and it makes me think something funny is going on.
Wall Observer XMR/BTC - Monero price movement tracking & dis[...]
Every coin needs a wall observer, to chat about the price, post trains, imagine bearwhales and just hang out. So, are we seeing a double bottom at 0.0026? I felt someone is trying to paint it, the market buys didn't feel right.. If they were just left at 261 they would probably get filled in a couple of hours. What do you think?
XMR 30-day VOL is only behind LTC and Doge, I think the reason for the low buy support is/was the constant attack FUD, as some whales were afraid someone would dump on the entire book if something had happened, but ofc nothing happened, it should be corrected on the next waves of good news
I have no clue what is going on with the price. Double bottom at .0026 seems possible, but honestly, I can't make a lot of sense of the action as of late. Is it the BCX FUD? Emissions? Emissions debate? Is there a whale or two simply exiting capriciously? Or NOT buying up where they were buying before?
In the short term, I don't feel like I have any handle on the next move or the bottom. This feels like a buying opportunity, so I took some nibbles over the weekend. But I'm just operating under the theory that in a couple of years, it won't matter how much I paid. It will only matter how many I've managed to accumulate.