Dumping means lower price.
Lower price means one is able to buy more coins.
If you are a long term holder, you are literally praying for cheap coins which you can cold-store.
When the emission is scarce (yes in dollars it is low even now, only a few thousand dollars per day), it is possible to go sky high and even replace bitcoin in the #1 marketcap coin. Especially in time when Monero emits with lower numbers of coins than btc.

Dumping the coins now is definetely better idea than dumping at 0.0005 levels.  
Those who are bears now will be bulls when their bitcoins are needed the most desperatively by the markets.

Therefore, now is time to pay all your bills and waite until Monero finds the price where it stabilizes.
Last time Monero stabilized around 0.0009-0.0011 levels so I am expecting at least a lot of resistance on those levels.

And yes, Monero made lower highs. This bull run took us only to 0.0043 levels while the bull run in 2014 summer took it over 0.01. Chances are the bottom price is also lower than the bottom price of the previous bear market.

That being said, now is now and last time was last time. We cannot predict exactly how the coin plays out this time.
However, I personally give it relatively high probability to go sub 0.001 levels during this bear market.

I wonder why that could be

The fact that its still pretty much all botnets/datacenter owners/sys admins perhaps.

Well well well.. Looks like we got ragedumped to <0.002. Pretty amusing to see the heavy emotions involved here. This is a game of the brain rather then the heart. Don't loose yourself in the manic depressed state roaming in the xmr topics now, the coin/project isn't that different than 2 weeks ago when bitcoin parity was being predicted (also foolish, manical even). It goes up, it goes down

I would've thought that we would stop around the 22.5-23.8 region, guess I was wrong. Sub 2 is buying opportunity. This project has a lot of good stuff coming.

So what's the reason this time for the dumps?

Just my opinion, but something to do with your toxic core devs running around BCT trying to denigrate the competition, instead of the *much needed* development that would get your wallet to a functional level that would let exchanges like Cryptsy have the confidence to add it, let alone real users in a real market... who according to your devs are 'too stupid' to use the dysfunctional code they are in 'stewardship' of that is in essentially the same state as when they cloned it from the 'Bytecoin scam' one year ago - way to attract new buyers. (But don't worry, according to them they at least removed the scam code embedded in the software that they admitted gave the developers a deliberate and unfair advantage after other people had to point it out to them - nice to know).

After one year of zero innovation on top of Bytecoin (apart from MyMonero.com, the first of several centralized payment websites envisaged, owned, developed and operated by your lead Dev FluffyPony, soon to be followed by PayBee.com that will presumably require more "investment" from you guys, and hopefully turn out better than his VertPay website that he tried to raise $200k from Vertcoin investors for right before he joined Monero), it's becoming ridiculous to keep saying 'Monero is the only safe way to store money, how come it's dumping' - like the other day when FluffyPony's centralized payment website went down and no one could deposit coins to Poloniex and his solution was to "call him on his mobile if he is asleep" - the system doesn't work.

Essentially, the bubble of bullsh*t is bursting..  Monero is not unique at this stage, it is just another cryptonote clone, and it's credibility is so tarnished thank to the dev's scammy behaviour (my subjective opinion), DSH on Poloniex is probably a better investment right now IMO, at least it *doesn't* have this kind of dev team.  

I think that's the real reason why no one on the dev team is pushing for new exchanges - without everything going through Poloniex, which is controlled by a few whales like Warz, the bullsh*t bubble would have burst a long time ago, e.g. if it was also on Cryptsy Finex and the non-Poloniex volume was <$1000 per day across all these big exchanges, just like it is like that now with Bittrex BTER, market demand would start to look more fake than it does already (with the only XMR in buy books apparently being 4 huge whale buy walls now which I suspect will be 'on the move' when the price gets near as usual).  Take Poloniex out of the equation and XMR in this state would be < $200k within a few days I suspect, i.e. without the ability to run a marketing scam by controlling the conversation on BCT <-> Poloniex trollbox and try to make this off-the-shelf clone-code appear to have any use value and hide the fact that they have done zero innovation as they should have to earn the value they are claiming.

Less bullsh*t, more development.  Value has to be earned, not propped up on a fake exchange and trolled by fake devs who like to talk a lot instead of delivering anything, and offending 100s of people around BCT each day.

V. surprised some real devs haven't just forked Bytecoin, added a GUI and local DB and seen if this tech can actually go somewhere in the real market, or maybe that is a comment on the CryptoNote tech itself, IDK.

If you want to see what your 'devs' are really like, check how right now all they are doing is trying to get Dash 2 little stars on a 3rd party guide site even after they got laughed out for saying Dash was a premine: https://bt.irlbtc.com/view/199685.msg11215773#msg11215773

Most toxic dev team on earth.  Your responsibility as investors - fix it.

Who pointed it out? As far as I know, NoodleDoodle found it and fixed it.


This is untrue. We've been in touch with pretty much every exchange, and have offered to help any exchange integrate. We get three answers:

1. We're working on it
2. We're not adding new coins
3. Monero isn't big enough

There is no "reason no one on the dev team is pushing for new exchanges" because that just isn't true.


Do you some sort of have evidence Poloniex is a "fake exchange" or are you just making a baseless attack on a reputable crypto exchange business (who for example paid back 100% of their users after a hack last year) without any evidence.

OT:

You, sir, are the most obnoxious and disgusting individual on this forum. Your obsession with Monero only shows your fear and, additionally, your total lack of understanding what the meaning of Open Source is.

Personally, I'd much prefer if the involved Monero devs would leave Dash alone. I'll give you that. After all, all points have been made and any serious investor/speculator/ideologist has access to all the relevant information to make up his mind.
But it's their choice so there's not much I can do about that. Just as it is their choice to waste their time by answering you. Miraculously level-headed I might add.

As for your proficiency in trolling I admit defeat. You got to me. I'd bitchslap you from lobby to top floor and back. Seems I am the lesser person after all.

/spits

I'm here because i just spent 2 days arguing with them during their 'bum-rush' of the CoinMarketCap thread and when I asked them basic questions they run off.

For example Fluffy accusing Dash of premine to the CMC dev and running off when I challenged him: https://bt.irlbtc.com/view/199685.msg11215773#msg11215773

And then Smooth refusing to say whether he even did or didn't agree with his fellow core-dev's accusation: https://bt.irlbtc.com/view/199685.msg11217455#msg11217455

And they are *still there* today trying to *change* CoinMarketCap's rating system - their fucking ratings system lol - to fit Monero's interpretation of which coins are scams, which just *coincidentally* is all of Monero's competition and not Monero.

And it's backfiring because people are starting to point out the problems with Monero's launch, although notice no one is neurotically asking CMC to change XMR's ratings like *your devs are doing* https://bt.irlbtc.com/view/199685.msg11223742#msg11223742

And your devs are there doing this *after* CMC already removed the last rating that your devs pushed them to change for Dash and made CMC look stupid.  This is toxic behaviour, undermines every righteous thing they claim about the goals of Monero - this is a couple of blatant scammers IMO, or maybe the XMR price is doing great, the tech is mature and they have some free time and they hate scams?  Heard it all before...


If your toxic devs weren't spending all day finding new ways to sabotage their competition and making everyone on the receiving end livid at their incessant and neurotic quest to raise their value by attacking everyone else, I wouldn't be here.