[Daily Discussion] Thursday, March 8th

I don't see how you guys who said the pump was because of MoneroV feel validated all of the sudden because Monero is back to under 0.03.
The news of the MoneroV fork-postponing came in at 7:20pm UTC (using the MoneroV subreddit post time). On the charts you can see a drop around this time, but it wasn't really that big.
We went from 0.0310 to 0.0295 (a 5% drop) or from 290$ to 272$ (6%). I agree that this small drop most probably came from that news. But also keep in mind BTC crashed almost 10% 2 hours earlier. Now there would be the possibility of insider knowledge for the fork-postponing, but XMR went pretty much sideways 15 hours before this small drop.
Our bigger drop a day ago came after the BTC crash and Mt. Gox FUD.

I just don't see how you can explain an 80% 7-day pump because it dumped 5% after a postponing (and right after a BTC dump).

/r/xmrtrader Thread