Question to traders in the area. Considering what is going on right now with XMR, I'm debating on opening a long position. The thing that I would like an opinion on is, would you currently open a long position for about 3 or 4 months until RingCT is implemented? Considering when I personally margin trade, I put up very little. This is due to me being only 1 month into trading world and what I'm learning via Baby Pips.
If you want to shit on my question cool. But I'm just legitimately curious about opinions.
So, open long position on margin for ~50$ worth of XMR and let it sit until or around RingCT implementation?
Thank you.
3-4 months? Hell no, the price can correct all the way back to 0.01-0.012 which I think it will and you will get margin called. But if you're only risking $50 then maybe
RingCT is not a guarantee price boost either. Markets move on anticipation of news, not when the news actually happens
Markets move on anticipation of news, not when the news actually happens. I like the way this is said. This is something I'm still having a bit of a problem with reading. I read into my news and see what people are saying. But being able to put that to work is something I still need to work on. Thanks for the advice and reply.