this post was submitted on 06 Nov 2023
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Yeah, personally 160+ feels rather good, even 150–160 is not so bad. Nevertheless 175-ish -> 165-ish can be a significant move, though it well may be just a random move too.
Not “worrying“ at all like investor people (who buy and re-sell without actually using it), but somewhat curious about the effects of not-so-accurate (irresponsible) media reports, or more generally: do people now trust Monero less because of this incident (which seems to be, ultimately, just a human error of one person and bad luck)?
That is a valid PR question to ask (so to speak), while talking about price movement is admittedly inelegant 😅 Asking an unpopular question without hesitating, that’s part of freedom I believe in!
Did it go from $175 to $165? I saw it at $170 and then $166 which is a much smaller move. So far i havent seen a rise in distrust of Monero itself. So far its mostly been a sebody fucked up thing.
I don’t know anything technical (not an investor), but the XMR/USD high around Nov 1 looks like around 175.