The answer is surprisingly simple, yet infuriating. Buy Monero, secure it in cold storage, and then help build the Monero economy and community. Don't worry about the price.
For example, if Bitcoin goes up, but so does Monero's BTC ratio, getting out of Monero temporarily to ride the Bitcoin wave up will ultimately hurt your XMR holdings.
For example, if Bitcoin goes up, but so does Monero's BTC ratio, getting out of Monero temporarily to ride the Bitcoin wave up will ultimately hurt your XMR holdings.
I have to disagree here (make note anyone that thinks this thread is a circle jerk), it all depends on the amount you own. For instance my holdings were so small that I was able to cash out without effecting the price in any meaningful way. I agree that partially cashing out is stupid just as the morons that lend at such a low rate are shooting themselves in the foot.
Now I am 100% certain and have absolutely no doubt that Monero is the best Virtual currency bar NONE but in order to increase my holdings I am taking from the BTC bubble and will buy back in when it pops and I expect XMR will dip down to 1 usd again and I will get back in then.
I love the pump but unless monero really takes off (0.04-0.05) it won't survive Ethereum's ring signature mixers soon to be launched.....
Sorry, remind me when ETH's chain has been attacked and survived and where this supposed tech is anything more than pie in the sky ATM. We keep hearing how all these other coins are going to copy Crypto-Note with a Lite mix version but havn't even seen any that have come through.
Actually quite the opposite we have watched Shadow (the only one I know that actually released something in this regard) get completely De-anaomized by Monero scientists.
Now go change your botnet off that pool!
