Monero Lurking Beneath The SurfaceThis is a short and sweet one on my thoughts on Monero. I think things will be pretty quiet until late July-August.
Monero has great fundamentals and tech behind it. Another thing I love is that they barely market it and that they are very humble when questioned about any positive or even negative news.
Due to what Monero is I believe it will peak towards end of year especially around Christmas and New Years. Although we should start seeing some movement a few months beforehand.
On the long term side of things, 3-5 years I believe we are looking at one of the big 4 coins. So far I see Bitcoin, Ethereum, and Monero (not including ripple in the price sense of things.) I don't see Dash holding its position until they actually solve a problem that hasn't been solved already.
Anyway that's my Monday night ramble. If you're looking for a proper "down the line" long term investment then Monero is the coin that will make a fortune if you invest right.
Get involved and one-day too you can become the guy that everyone says your lucky and people envy you because you have that endless supply of cash
FUN
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Fun History Fact about S&P 500 Here's a fun historic fact about the SPX . According to the National Bureau of Economic Research :
" This year is only the 8th since 1929 to post a January loss after 3 or more consecutive up years,All prior 7 closed down for the year, (avg -14.8%), and all 7 were followed by a recession on average 7 months later. The prior years: 1953, 1957, 1973, 1981, 1990, 2000, 2008."
Hmmm , interesting.
Have a great weekend guys
Cheers
Algo
Fun With (Time) Fibs, Follow Up.This is just a follow up chart for an earlier idea I had albeit given up on ( ). I've had to update it for the obvious reason that the April 10th bottom didn't hold, thus the time fibs fell out of whack. So this is just the same basic, mirrored time fib study as last time, just built on the latest data available.