Agree. I've seen that sentiment as well, a lot of newcomers not trusting the devs as well, thinking XMR is simply a common P&D coin. So in the end, there shall be FOMO.

While I don't usually agree with "single actor" theories and whale worship, I have to admit this is now a very different and clearly manipulated market.  Like yourself I've watched the charts for years now and used to participate on at least weekly basis - it was so easy to make a little profit and TA was valid. 

Now it just seems to be a sequence of bull and bear traps constructed to accumulate moar coins.

I don't know if its damaging, its just appealing to a different kind of punter (the gambling day trader) at present; as you say 'someone with significant resources', so unless their intentions are hostile, you'd imagine they have the self-awareness to understand the impact of their actions and change those actions when required.

But that could be me projecting.

Greed will cloud the judgement of many a good man! (or woman)

Yep. It's going to be the bush cheney administration all over again. Would you like neo-con a or neo-con b?

*edit* If these guys could even comprehend the existential threat monero represents to their power they would raining fire and brim stone upon us all. Good thing they wont realize it until it's too late.

Yeah I found that amusing. There's alot of good dialog in that series. I like the way the Fed accused him of trapping him and then he says your not even a worth a thought or something to that effect.

In other news:  Due to my uncontrollable love of boats I bought @ 0.015   If it gets to rpietilla's speculation of 0.01 that will feel like 0.001

Cheers for the tip! Just started S01 - great watch so far.

At ~ 0.01 is when I triple down and blow the very last of my dry powder. I suspect others feel the same way.

Nope, it was serious prediction. I think the 0.01 area has the highest probability. Since,

- Going below that is not going to happen. It is a major support.

- Staying here is improbable since there is no support.

- Going higher is the second most probable thing in my opinion. XMR has a huge upside, easily 10 times higher marketcap by the end of year, or 50 times in 12 months. But it always had that. For many months, nothing happened, and then, out of a sudden, it did happen. So it is in the future. If you are not a professional trader, hold.