Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
24Kilo
on 23/10/2016, 00:45:06 UTC
The end of 2014 I put all my crypto wallets in cold storage and did not think about crypto until about two weeks ago. Circumstances of life took me to a place where even mobile phone service was a luxury, internet was a pipe-dream. It has been very interesting to step away from crypto for about 2 years and come back.

XMR was brought to my attention by Risto, whom I highly respect as one of the brightest minds on this forum. His posts about Bitcoin Distribution, the '(SSS) - A Sane and Simple bitcoin Savings' plan are brilliant and thought-provoking. I bought 55XMR at 0.004BTC, which is all I could afford, just before I left crypto in Sept. 2014. Since then the price of XMR has down to .001 and up to .025 and back again.

I was disappointed and pleasantly surprised at the same time. Pleased the price had appreciated, but disappointed that in 2 years so little seems to have been done in terms of adoption and software. Nothing seems to have really changed, XMR seems only to exist as a hedge to BTC(and has done it so well that it appears to have dethroned LTC) while daily usage has not really made any real headway. The wallet it still clunky, needing the daemon to be sync'ed before opening a barely improved wallet. Maybe I am being too harsh, but it has been over 2 years, not 2 months or even 6 months.

I was pleased to see that Risto, Smoothy, Icebreaker and a few old names are still here and supporters of XMR.

So in summary, over the past 2 days I have bought 945XMR at an average price of about .0104BTC. I am adding them to the 55XMR in my cold storage wallet.

My only question is... should I go away for another 2 years before checking on XMR again?