Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
infofront
on 24/03/2017, 15:53:05 UTC
Sold some more moneros...

Good move TC, you are a first class trader.  Cheesy

This. Now seems like a terrible time to sell, with so much short term upside potential.

There is always upside potential and bitcoin seemed a few weeks ago it will shoot straight to 2000 usd or so.
If you have bought your stash on average under 0.003 so the current price seems nice place to sell so many. Funny thing is to notice how many bitcoins you can get even with even like 10-20 XMR which used to cost like 0.02-0.03 just months ago...

In retrospect, I was overly negative by saying "terrible time to sell". It's actually not a bad time to lock in some profits, with so much uncertainty going on.

I'm of the opinion that money will continue flowing into altcoins, as bitcoin's fate looks increasingly uncertain. The money will be smarter and more selective - going to "safe" altcoins, that could possibly even replace bitcoin. This includes ETH, LTC, XMR, and maybe a few other promising, but less established alts.