Today was Monero's 'big announcement'
Many traders took longs in anticipation of a big reveal - a new tech, a partnership, or... something... anything really.
What they got instead was this video:
Here's how the market reacted:
One giant troll.
The event started 1 hour late, and the sound was barely audible through their live stream.
Here's a followup from their team on twitter:
Glad I didn't take any longs, but this will probably correct! No need to sell at a loss as there's a market for Monero, even though their team has no clue how to communicate with humans.
Judging by that market reaction, everyone just wanted an excuse to get some cheaper coins. :)
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I think that was the play by the Monero team. Shake out to help themselves!
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Luckily I didn't buy. I was thinking about it recently as it seemed to have hit its bottom.
I usually hold medium to long-term and avoid margin trading, though.
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Quite possibly one of the stupidest things I've seen done in the crypto world so far. I didn't have much invested so it's not a big deal, but XMR is permanently off my list.
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I think a lot of people feel the same way @rt395 they acted like internet punks and certainly don't present well.
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He was trying to prove a point, but in a very un ethical way imho. People lost a lot of money..
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dicks
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