POLONIEX:XMRBTC   Monero / Bitcoin
1731 16 32
Sure feels gloomy surrounding XMR with the BTC highly anticipated moonshot. But isn't this what a bottom feels like? Will stick to plan here and manage risk:reward/stop loss accordingly. Can't say I am overexcited getting into this position but these counter-intuitive trades are usually the biggest winners. If you are feeling this, plenty of other traders are too.
good luck
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Thanks
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@MR.Omar, :)
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why this should happen now when zcash is out?
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DebateMaths Sharkwinn
A few reasons beyond technical analysis.

Firstly, the inflation doubling a few times before it flattens out means twice the supply, or from where we are, over 10x-50x the current supply (not exact but the point is there) means the price will go down.
Secondly, due to the way it is designed, if the 6 key trusted peoples did not "throw" their special keys away, they can create unlimited zcash and its impossible to know due to nothing being visible on the blockchain.
Thirdly, the anon feature by default is not on. Infact, I don't believe there are currently any transactions that allows the anon feature due to bugs. Furthermore, it requires lots of memory, 8mb of ram, to perform an anon feature.
Finally, there is the whole issue with "genius" tax giving early investors and and the team free money, which some people will try to fork or copy the coin.

Those are just some of the reasons, but the reason is primarily technical analysis for me.
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TraderT33 DebateMaths
8GB of ram... I heard a private transaction takes about 2 minutes to be generated, and this on a pretty high end server...
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DebateMaths Sharkwinn
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Excellent analysis. I agree 100%. Lets hope it keeps going.
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:)
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sumostud DebateMaths
@DebateMaths, Unless I am mistaken, with your graph the price should be at 0.0116 approx though it is really at 0.0086. This is pretty way off. Not having a go but how can you say I agree 100% when it is way off? This is really me just being a noob and needing things explained :)
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bhsl sumostud
@sumostud, Overall structure, trend and targets are things to consider here. It doesn't necessarily mean price should follow scribble precisely.
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:)
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DebateMaths sumostud
@sumostud, @bhsl is correct. I Could've easily just drawn a diagonal line up instead of putting the zigzag which are basically a guess. To get the zigzag correct, you not also need price, but the time right as well which is possible but requires lots of luck in a market like this. The idea is the most important.
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sumostud DebateMaths
@DebateMaths, all makes sense to me :) thanks for the explanation
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DebateMaths sumostud
@sumostud, Ironically, the price of the most recent top was pretty close, and the recent bottom seems correct.
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@B.Gates, :)
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