How Low Will Xrp Go Before It Grows Again?



Activity: 356

Merit: 250

Sr. MemberActivity: 356Merit: 250 Re: [XMR] Monero Speculation May 14, 2016, 07:16:52 PM #2898 Quote from: madhatterdan on May 14, 2016, 06:20:01 PM Let’s face it…there is no reason why the price should drop like this. Most people I know are holding their coins even though they see it falling. It’s not like the market will continue to fall forever. Maybe it will stabilize back where it first started at around $8 or so or maybe it takes 2 months to settle down to that point (exclude an upswing). If any real news comes forward about another government crackdown on BTC you can bet the price of XMR will spike again. The cryptomarkets are small and anyone who can act with enough restraint may be able to make some money if things go sideways for a while. The market has not behaved rationally so far but I don’t trust this kind of behavior after what happened last year with bitcoin and other altcoins which were all guaranteed guaranteed their value by governments or banks backstopping them. If I apply enough effort to my choice of investments then eventually bubbles pop bubbles eventually. QED . Don’t mistake correlation for causation though because there could be another reason besides just government intervention which might cause this kind of