Quote from: TrueCryptonaire on April 22, 2015, 10:14:57 AM

Yes, it has to show some real strength in order to have a true change in trend.
Personally I am refusing to support these levels now.
If there is a buy wall, it is a good chance to dump, not pump - IMO. And this is the situation currently (I say this because I am speculating some trolls appears later and reposts these words of mine).

In the future I don't know... Most likely Monero will die, chances for this is still pretty high.
However if it will not die, it will go to sky highs and replaces bitcoin (marketcapwise).

I don't suggest overweighting in Monero. Remember the diversification among the assets. I am not available for buying Monero since I am preparing other business right now totally unrelated to Monero.

I tend to agree. ( Shocked

) Mostly.

"True change in trend" is definitely achieved, there is very little chance to hit new lows below 0.001.

But I also note that we turned back from the trading range in 0.003-0.004, and are now sliding down. The previous trading range was in 0.001-0.002.

In my position, buying more does not objectively make sense unless it goes back to the previous range. And if not, then we'll evaluate the situation again. My position is big enough already to not really FOMO.

A real uptrend does require a new ATH. Waiting for that before buying is otoh not very smart, same number of coins can be had at 25% the price now and should be bought and forgotten instead of waiting.

Dumping now does not make sense because the downside is limited, upside unlimited. Except a very short term play with a tiny position, which most people cannot even execute, and those who can are too rich to care.

If we take a long enough timeframe, it is more likely that Monero will fail than succeed. Statistics say so. I have said and repeat that imo, the chances of gaining purchasing power by investing into XMR are about 15% in 10 years. In 85%, you will lose, in most cases all. If you think otherwise, you are more bullish than me (and I am generally regarded as a proponent).

If it will not die, I agree that the chances to replace Bitcoin do exist, although I see that both coins serve a purpose and coexistence is much more likely.

Monero is still the best EV asset I have found. What is considered "overweight" is anybody's opinion. For those who don't have much to lose (high-earning potential, low-net worth informed individuals), going wildly overweight is a rational choice. For us older folks who need to preserve the existing wealth, have tax concerns related to asset reallocation, etc., even a small investment brings the same benefits.

If you invest 100% into Monero, you are prone to sell a lot after a relatively small gain of 10x, 4x or even 2x. If you invest 1%, you can wait for meaningful gains. I invested only 1% into Bitcoin, which was a mistake theoretically, but it enabled me to stay calm and only partially cash out after 200x gains.

So it does not much matter how much you invest, and what percentage (and especially at what price, which is the least meaningful thing of all). Sitting tight is the thing you need, which most lack.

Sitting tight in the face of 1000x gains that are only realized in 15% probability, with many FUD in between.

Place your bets, gentlemen Cheesy