Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
birr
on 19/08/2016, 09:18:56 UTC
I think Monero is very promising and I put my money where my mouth is.
But this thread is an echo chamber populated with a mix of starry-eyed evangelists, and the odd troll here and there.

In response to Altitude, who wants to know when to buy, I'm going to assume you're young.
I'm not young.  I am retired. I have decades of experience, and made plenty of mistakes along the line financial and otherwise.
My advice:  unless you're a master trader wirh complete emotional detachement, find a strategy you can stick with.  In the best case scenario, the discipline involved will keep you from making short-term emotional decisions.  You may need a long view of decades, but I get the impression from your admittedly brief post that your horizon is pretty short.

I would suggest reading up on value averaging (not dollar cost averaging).  If you think it can work for you, then apply it.  By all means, apply it flexibly, not by rote. Run simulations of different scenarios.  Just working out the performance of a particular investment strategy by simulating its returns in different market scenarios (e.g. various levels of volatility and different returns over the long run) will distance you from the emotional side of thinking and put you on much firmer footing for the making of investment decisions.
I suggested value averaging because I like it, and it is designed for long investing horizons.