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    Author Topic: [XMR] Monero Speculation  (Read 3316615 times)
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    hodlmybtc
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    March 13, 2015, 09:16:37 PM
     #3441

    The last upward move had a 24 hour period, with over 200,000 XMR in volume. 4000 XMR is nothing. By the way DRK/XBT has just hit 0.01 on Bitfinex. All I can say is that if you are short XMR in any way ignore DRK at you peril. I do not normally focus so much on another coin, but the situation in DRK is such that it can easily set off a buying panic in XMR.  

    Yes I know 4000 XMR is nothing, just had Wisdom open only because Polo lags a shit ton since recently and the max depth I could see was ~4000 XMR.

    The big DRK holders buy up even more and keep the price up just to keep it up.

    It's definately not good for the distribution of the coin and along with the recent uncertainty about the name change a lot of holders probably either already sold or will be selling when the buywalls fall.

    I guess a bit of the run up to 0.00283 was because of this and we will see if it continues to increase the demand for XMR the coming week.
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