"An Empirical Analysis" Dump!First off, Monero is a really interesting currency with lots of use around it.
Lots of darknet use at least, and many consider it the most anonymous currency. With Dash & Zcash as it competitiors.
Personally I like the coin and the progress that the currency have made over the last year, both on the technical front and the additions on darknet markets such as Alphabay.
But this time I'll short it as I see it going down over the next weeks.
Setting a tight stop loss though, because I don't have to much confidence in shorting a coin under the market conditions we have today with the crypto hype.
Sell (0.0178)
Take Profit (50% - 0.014)
Buy Area (0.0121)
Stop Loss (0.0188)
Fundamental
Today this was published.
It's a research paper from guys that now what they are doing.
And they have found some problems in moneros code that allow for tracing some of the transactions.
The lead guy on the paper is affiliated with Zcash, and from my understanding much of the report is based on old code that is not relevant today. The reason for this report is most likely to hurt Monero and an attempt to get users over to Zcash.
However, the report is very real and investors/traders are easily scared. That's why I'm looking to short this down to the trendline where I will be closing my shorts and opening longs.
