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A serious chart

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This huge chart is truly impressive to me.

If you like macro plays, this is possibly the best cryptocurrency chart.

This is a chart that should make you question the fundamentals of crypto.

The question is "Can Monero be the thing Bitcoin cannot be??" Should Monero become that thing? I don't know enough about it.

What I see is that Monero has some solutions for some of the technical problems of Bitcoin. Are they good enough? I'm not confident yet. But the chart says that there might be an interesting future for Monero.

This delisting event has done two good things Monero.

1. Eliminated weaker hands.
2. It drew attention to the project. Some people like me asked "What the hell is Monero?"

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Illegal level of bullishness detected.

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This chart needs some proofs of bullishness. But, these weekly candles and the overall outlook... I can't help but think the decision is already made.

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This is exactly what a spring should look like. Bad news everywhere, big volume, big red candle and yet... it's a race for buying.

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I looked at some details. It's a world of tradeoffs in blockchain engineering. But Monero's tradeoffs look reasonable to me. They have good arguments.

I'll say this. If not Monero, something like Monero might be unstoppable.

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I think the only way to stop such projects would be to sell an impractical project to everyone as financial freedom and crush everyone's hopes with a total collapse. Oh wait...

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