On an aside, I've decided to short ETH with my XMR. What do you guys think would be a good time? And can you close the short at any time during the margin period? I think its going to be a long down trend for Eth now albeit a very long timeline do to the Cap.
Risky. It bounced off $7 as I predicted. I called the top on March 8 or 12 afair.
Yes it is as is why I'm asking for input. But without risk there is no reward and it is less riskier I believe than playing XMR market.
In theory, XMR is a long-term play with lots of volatility in this low price range. But with a superior gain compared to Bitcoin over the next year or two.
My only stance is that if you are going to play in XMR, then accumulate on dips and hold. This is not a P&D wonder.
If you want to short an alt, you need to be very very selective. I will try to remember to make loud noises again on the next opportunity if I am not busy coding. Lisk and Iota might end up being opportunities, or perhaps ETH if he makes a double-top.
Edit: on any very significant up moves until at least through most of Q3, I would take some profits on XMR (not sell all), because I think we have risk of significant volatility in alts due to contagion coming in general markets as well as the Bitcoin halving.