The reasons because I took a decent position in Monero are the following:
1 never before in history has privacy been under attack globally
2 people need privacy not only if they are evil (they need it especially if they are good intentioned ;o)
3 monero has some interesting protocol upgrade coming, that will make it more private and more scalable
4 xmr has been in a bear market more than 4 years against bitcoin and it has just broken out against it
5 i am mostly invested in "legally compliant" and transparent projects and consider monero as a hedge against them
As I just stated, XMR has recently broken the 4 year descending resistance and is just sitting on it (now support) after having back tested strongly.
(since my last post a month ago XMR is already up 50 USD (or 30%).
MACD is turning positive on the monthly time frame.
Holders sentiment is extreemely depressed and flat, which is what I want. You want to invest before or right at the moment of uptick on the awarness side.
MONERO has just undergone a period of 2 years of sideways action, just like between 2014 and 2016 (rectangles defined by yellow horizontal support and resistance).
The pattern is very similar...
...and if history rhymes this should meen a 11 x against Bitcoin alone.
That is, if Bitcoin does a 5 x from here ... XMR would do a 55 x ... or a price of around 12'000 USD.
1 never before in history has privacy been under attack globally
2 people need privacy not only if they are evil (they need it especially if they are good intentioned ;o)
3 monero has some interesting protocol upgrade coming, that will make it more private and more scalable
4 xmr has been in a bear market more than 4 years against bitcoin and it has just broken out against it
5 i am mostly invested in "legally compliant" and transparent projects and consider monero as a hedge against them
As I just stated, XMR has recently broken the 4 year descending resistance and is just sitting on it (now support) after having back tested strongly.
(since my last post a month ago XMR is already up 50 USD (or 30%).
MACD is turning positive on the monthly time frame.
Holders sentiment is extreemely depressed and flat, which is what I want. You want to invest before or right at the moment of uptick on the awarness side.
MONERO has just undergone a period of 2 years of sideways action, just like between 2014 and 2016 (rectangles defined by yellow horizontal support and resistance).
The pattern is very similar...
...and if history rhymes this should meen a 11 x against Bitcoin alone.
That is, if Bitcoin does a 5 x from here ... XMR would do a 55 x ... or a price of around 12'000 USD.