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pretty awesome that you capitulated at the bottom of btc price by selling it all, since then bitcoin is now up 3x (moreso due to cadusd) - but that you're still probably up more than holding btc-xmr at my much more reasonable (but still very gambly) ratio of 75-25.
congrats
pretty awesome that you capitulated at the bottom of btc price by selling it all, since then bitcoin is now up 3x (moreso due to cadusd) - but that you're still probably up more than holding btc-xmr at my much more reasonable (but still very gambly) ratio of 75-25.
congrats
The value the particular XMR / CAD position I acquired 15 months ago is actually worth more in terms of XBT than the XBT I liquidated to obtain that position. The increase of the XMR in terms of XBT more than compensated for the decline of the CAD in terms of XBT. The hedge worked even though my timing was far from optimal.
I still believe that a mix of XMR and fiat has a higher upside and lower downside than a straight XBT position. Long term I remain very bearish on Bitcoin because I do not see a a long term resolution to the blocksize scaling question. In the short to medium term it is possible for Bitcoin to appreciate in value, but that does not change my long term bearish opinion of BItcoin, Monero of course has very significant downside risks but, unlike Bitcoin, Monero also very significant upside potential.
I'm with you on being bearish on Bitcoin. Even though it might go up in the next year or two, I can't stand using it. I transferred some BTC from Polo to Circle pay today and it took over 2.5 hours for it to show up in my Circle account. There is no way that will be adopted mainstream if that continues to be the case. We want instant gratification, and results.
With that said, how quickly does XMR transactions settle? I'm bullish on it from a trading perspective but don't have good technical comprehension of the specs.