Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
smooth
on 09/05/2016, 00:43:00 UTC
it alwasys  saddening to see investor being skinned by whale...

Are you actually a noob?

Cryptocurrencies are volatile but actual investors never get 'skinned' by swings, only inferior traders trying to compete with superior traders. The same applies to cryptocurrencies, stocks, metals, or anything else.

You analyze long term prospects, buy, put the coins into cold storage, and unless long-term prospects change (which happens infrequently) and the actual hard part, wait and do nothing. Short term swing are of no consequence whatsoever.


I'm good at the hard part Grin  Actually I also donate money as it might shorten the waiting time Wink

That's a valid point. I was drawing a contrast between trading and not trading but doing things that increase the value of your investment is also useful and important.