Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
drawingthesun
on 07/10/2016, 07:11:11 UTC
Looks like i am done investing in XMR now, i refuse to buy above 0.011, i will save my last bitcoins(0.67), losing money(currently 60$) for not buying really sucks. Currently my profit is only 250$, that sucks. The people that sold below 0.011 must have horrible anxiety right now, it took some balls to hold and buy even more(i chickened out and didn't go all in).

I have a feeling the price might drop below 0.011 again, will keep a few bids there in the case that happens.

Time in the market is much more profitable that timing the market as long as the asset you're investing into is fundamentally sound.

Time in the market = buy and hold.

Timing the market = day trading.

If you have reason to believe in Monero then put X% of your investment portfolio into it.

Don't try day trading.

Imagine all of the people that bought into Bitcoin at it's first peak at $32 and then it crashed to below $5.

If they had held today they would have a 20X increase, but that would require time in the market, not timing the market.

I would advise against putting 100% of your portfolio into anything, even Bitcoin or property.

Consider that the best way to make money is to avoid scam coins and hold a personal fund that is an amalgamation of various coins that show promise.

As an example, my portfolio currently consists of BTC, ETH, XMR, AMP.