Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
TrueCryptonaire
on 20/01/2017, 19:16:41 UTC
i dont know why you guys so worried about other coin  progress Huh

 i thought this is monero's thread ?


 so what if Dash reach monero's marketcap, what would you do ? cry some more... fud some more ? 

Probably nothing... My Monero stash is worth significiantly more than it was when I invested into it initially so I am not hurting (hundreds of percents since I was in since the early Poloniex days).
I am more worried about the currency competition point of view. There is no room for more than 1 anonymous currency (in my opinion) and it is better be Monero, isn't it.

so thats great if your stash worth 10x or more from initial investment. however   your investment today would worth 50% more if you bought  Dash when the price was at par with monero.

i guess monero competition is not against the fiat money Huh

heh... so monero is set to destroy other crypto at any cost ? because... "currency competition point of view"  Shocked


Some of my Moneros are worth more than 10 x from the initial purchase price, some significiantly less... I actually have bought some coins at 0.018-0.02 level as well. Not too many though.
Overall, the profit is hundreds of percents (average purchase price is sub 0.003).
That being said, bear in mind I do not own that many Moneros as some might think, my position is relatively small - I should have gone all-in Monero around 1 year ago, and prefertably leverage myself from toe to the teeth but that is just after math.

Monero competition is not against fiat - I agree. It is against Dark coin. Bitcoin is combatting against fiat money and it has done pretty good job recently. However, I am a bit against too trollish approach to Dark coin community because I bet no determined Dark bagholder will buy into Monero thanks to trolling... I might be wrong though. The correct approach would be perhaps more intelligent...?