first and foremost, I would like to thank Risto (rpietila) for providing the liquidity that myself and my group of investors needed to dump at good prices. His spiel about low prices - even though the same logic has been applicable for 7 months or 210 days - gave us the liquidity catalyst to liquidate holdings near our cost basis.
secondly, I would like to thank the operator of Poloniex for their prompt support during a period of high volatility and liquidity, and for raising my bitcoin and monero withdrawal limits
thirdly, I would like to thank fluffypony, smooth et. al for their suspense in releasing the missive, even though it didn't contain anything the market was actually waiting for
fourth, I would like to commend the aforementioned core devs for their surprise decision by committee to release it in audio format, so that the market could not disseminate it fast enough to undermine my selling plans
secondly, I would like to thank the operator of Poloniex for their prompt support during a period of high volatility and liquidity, and for raising my bitcoin and monero withdrawal limits
thirdly, I would like to thank fluffypony, smooth et. al for their suspense in releasing the missive, even though it didn't contain anything the market was actually waiting for
fourth, I would like to commend the aforementioned core devs for their surprise decision by committee to release it in audio format, so that the market could not disseminate it fast enough to undermine my selling plans
everybody is free to do what he wants to do, so congratulations for reaching your objectives.
funniest thing is that you even see the potential as later posts show but still decide to sell the potential for 33 cents each - I try hard to understand the objectives of these operations but seem to fail. Maybe you can explain them to me
Anyway maybe we are all dead wrong and you are right, or the market stays longer irrational as we stay solvent - I think only time can tell.
the reason is lack of conviction from other market participants.
I think Monero is worth a lot more, buttt not right now.
So when I realized that this thing wasn't going up to my cost basis in Risto's rally. I thought "hm I could sell now and use capital in other places" or be stuck in a position when Risto gets bored. Monero has bounced around to these price levels before, so this time, with the unparalleled liquidity, I decided to hop out. Thanks Risto.
Taking the loss also will help my tax situation, offset gains in other assets.
well i always buy (intrinsically valueable) projects when every is unconvinced and sell them when everyone is convinced - but maybe this is too much strategy here.