Hi guys,
i checked AlphaBay again and have unfortunately not so good news.
few days before i said
today there are only 435 offers accepting Monero by 23338 offers overall. So only 1,86%
So we lost 23% acceptance.
I sold my XMR stock for now.
i checked AlphaBay again and have unfortunately not so good news.
few days before i said
Quote
I checked also out Stimulants -> 23171 offers. 560 accept Monero. Its only 2,41%
today there are only 435 offers accepting Monero by 23338 offers overall. So only 1,86%
So we lost 23% acceptance.
I sold my XMR stock for now.
And you have a short position now?
yes, for sure.
So the rationale is that the success of your XMR short from the point you entered it depends on if the amount of Stimulants accepting XMR decrease on Alpha?
Yes. I believe the success of XMR depends on its acceptance. Since the acceptance is decreasing and the price is falling for days, i go for short.
I agree on the acceptance part but I think the acceptance and price will be increasing in the future despite temporary hickups. Anyway I might've been on the other side of that trade if it was below 0.0155 but good luck!