drawing some lines (any feedback on my first price analysis?)

idk about drawing funny lines on graphs but with monero's anniversary thing, then there's usually a reddit thread about monerun / monerorun thing
havent checked reddit in awhile but it's usually there
pretty much is supposed to be like a tradition or somethin to just withdraw 100% from centralized exchanges and whatnot
so hey i guess that would include that forum too since is also a "not your coins, not your keys" model type thing with the current setup

like it's an audit by the community of those centralized exchanges
since most are running fractional reserve scams then they usually can't pay their customers that are trying to withdraw
like, they tell their customers that the coins are safu but they not, so when the customers are trying to withdraw then they're forced to close withdrawals
(as well as leaving deposits open ofc, cause when it happens it's like they're being called out on their lack of liquidity and have to refill, so, closing withdrawals while leaving deposits open and finding liquidity elsewhere to repay their customers...)
some exchanges been closing for months even, MEXC for example that it definitely looked like they were colluding with Qubic, while also mocking monero on the twatter and whatnot regarding their own liquidity or somethin
(and at that time that was already a full month they had withdrawals closed...)

so anyways, tldr, the price is not real, everything is offchain, the whole cryptomarket is fake and who controls the exchanges control the cryptomarket price or somethin somethin idk :tinfoil: or somethin lol
and also why DEXs are so important
haveno is awesome, it's doing its thing for crypto<->fiat, liquidity been growing nicely
but pretty sure if the goal is to make the cryptomarket "not fake", then the way for that would probably be with Serai, idk, could it have the potential to overthrow some big CEX in terms of liquidity? seems like would be a job more fit for Serai than for Haveno, but who knows, been surprised to see haveno getting some nice numbers so idk, and as for the price, literally no clue lol

@lIlIIllIIIIllllII true

normally as also mentioned by me in another thread, i try to ignore the CEX-Fiate fake price, but I like drawing lines and trying to see trends. I guess short and mid term price are totally fake, but even in CEX monero is gaining over the long term, so that's prolly the trend i should mostly watch out for :)

It does seem as if the lines hold to be true, as of time.

Another interesting thing is the regression trend.
Since i assume we broke through (about to break) the important resistance level of 350$ and regression still is mostly in the red, we'll soon have more air to breathe

I don't want so say I was right with my analysis, but it seems I was

375$ as of writing

bro, рonestly, I’m not really interested in trading or other speculative stuff, it goes beyond what crypto is supposed to be. It turns into a tool for speculation instead of a way to preserve personal privacy

@ksenia11 yes, but i like to analyse stuff. i am not day trading, i wouln't ever sell my monero for paper money

if you are not interested in it, i think you shouldn't bother with it

pattern recognition is a thing that is now delegated to the computers but people can learn too
but also, looking at price charts all day must feel idk, meaningless or somethin, well it tots would for me lol, but i guess some people like it
and some people have their pattern recognition skill at literally 0 so for them that wouldnt be bad to train a bit on that or similarly with different things idk lol

@lIlIIllIIIIllllII true.

the thing is that psychologically speaking it makes you happy if the price goes up, but if it goes down it makes you twice as sad so generally looking at charts will make you more sad

for me it's more of like a hobby. if i am bored

@esna7

the thing is that psychologically speaking it makes you happy if the price goes up, but if it goes down it makes you twice as sad so generally looking at charts will make you more sad

been the opposite for me tbh lol
i mean, for the past year or so, tots went overbudget, gaming rig that i wasnt planning to get anytime soon but still was like, whatever, impulse buy or somethin lmao
so been hoping that we wouldnt moon lol
but i mean, if organic adoption is a thing then yea that's great
just wish could be refilling that bag overtime while it's still affordable

and even then, if u tried to onboard people to bitcoin few years ago they were all like
"oh but the price is already this or that, it's too expensive yaddy yadda"
and that's when it was at like 4 digits already, now its at 5 digits and even peaked at 6 digits...
big numbers are bottlenecking adoption in their own ways too..
so yea on that would definitely rather see actual organic growth rather than just big whales hoarding overtime or pumping and dumping charts
but i guess all of these are not exclusive either and can all happen at the same time too lol, still, imo more adoption should be prioritized :P