How is it that one of the most interesting projects in crypto money, Monero (Bitcoin being #1 imo), is valued at less than 1B market cap? Surely it's only a matter of time until Monero's value proposition as a fungible (i.e. traceless & anonymous simultaneously ) is understood and fairly valued by the current wave of newcomers, soon-to-be maturing crypto investors.
So, do you think it's invalidated, as far as I can tell price didn't go below (4) too much and is now well above it... Still think your projection is working out pretty well at the moment...
niteshchawda
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@TraderT33, Im worried. Not so good. I bought in at 19, and even im just waiting for some proper sideways movement, the decline needs to stop...
niteshchawda
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@TraderT33, The positive is that it is still trading ~.0157 XMR/BTC...which means looking at it agsint USD scares you, but with BTC it provides some relative idea that it isnt hitting all time low, and has some strength in it
TraderT33
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@niteshchawda, Ya, same here. Relative to btc xmr performs pretty well and is kinda weathering the storm (still holding the long term uptrendline like a boss). I wouldn't worry too much if I were you. Unlike most of the altcoins and ico-crap xmr has incredible fundamentals... xmr is the only truly private by default and thus fungible digital cash. They start over from a whole new codebase so everything has to be built from scratch. There's a lot coming though in the next months: coinomi mobile wallet, mymonero mobile wallet, gui-wallet port to android, multisig, kovri I2P (so IP-addresses aren't broadcasted on the network), they already hired a cryptographer untill december (I think) and will hire another one to do research and tackle problems... xmr isn't your average pump and dump coin, it could really be a bitcoin2.0...
niteshchawda
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@TraderT33, shit thanks bro. Good insight. I agree. all the others are panicking cause they're legit playing a game thats slighlty less developed than monero. But keep tight as there is only 15m XMR. not gunna sell/ bought in at $19, i just bought more. im confident itll fight it...
You23
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@TraderT33, its invalidated as far as i can tell. I wouldn't sell tho.