Nearly Doubled

@bulletbill22 Maybe someone needed a private transaction? Maybe its new capital coming in? The latter is possible because the hashrate is much higher than before. Still bearish in the short term; Rome wasn't built overnight.

@Nebuchadnezzar_II

Still bearish in the short term

Don't tell me you're still holding a short position?

@bulletbill22
still is seems like, mofo literally gambled on monero price going down when it was like at 400, it went to 500 instead so now dumbass all broke and tryna psyop the forum with low quality threads, to make numbers go down again so can buy back what he sold or whatever
shit's just so dumb

@bulletbill22 yep.

@GamingResearchLab

tryna psyop the forum with low quality threads, to make numbers go down again so can buy back what he sold or whatever

lol I think its just wishful thinking. I don't think this forum really has enough users to influence the price of monero.

I think the current price ($~550) is high and it's probably gonna fall back to around $470-495 based on how much bitcoin went up.

That said, I thought the price would fall off after Kraken introduced their XMR limits, which was right around $400, but I was 100% wrong. I think the monero community is so tuned in that few were on Kraken in the first place, which is why it had virtually no influence, and tbe price ultimately went up. Still, I am left wondering what could be driving the huge increase in price.

I just hope that whatever the reason is, it is documented so I can understand it someday xD
I definitely feel like something is going on-
Whether people are making leveraged bets, or some big big swaps are moving the price, I feel like there's gotta be a reason.

Blurh

@bulletbill22 while one person proves nothing, I did see a btc maxi asking about monero wallets on nostr the other day. Maybe it is simply mass adoption with people in btc-land finally waking up to reality. I'm just guessing, but what else could it really be?