Then there was the memorable 'defend 0.004' campaign in July 2014 after the brief spike to 0.01. That didn't last long, LOL. Then two long, long years of grind. I was underwater but kept buying to improve my average buy price. Put in over half my life savings, which worked out eventually (phew). Called myself a Dolphin because I never reached six figures of XMR (damn those 2014 prices! ;-)).
Sold (in hindsight) an annoyingly large chuck of the stack on the up slope of late August 2016. Break even followed very quickly by healthy gain. Sigh of relief.
Cashed out over 15k yesterday (is that not enough?!) but still keeping a healthy five figures for the long haul.
Q
Yeah, I remember trying to "defend 0.004" a few times (with the modest few BTC I had), but every time I would get my hands burnt (although its has worked out nicely for me now cause we are not likely to ever see 0.004 again).
0.004 use to seem like a ceiling we could never quite keep our heads above before the August 2016 AlphaBay pump. I think a combination of high inflation and the fact that big traders like Warz would profit take around 0.004 meant we inevitably always crashed back down.
I, (like you) was underwater for most of 2014 to 2016, but kept buying to improve my average. I think the lowest point for me (on paper) was in late 2014(?) where XMR had dropped down to around $0.3 USD which represented something like a 80% lost for me (in terms of fiat) if I had sold then. It wasn't until the AlphaBay pump that I was in the green against fiat and BTC.
I know I should probably divest a bit into other assets classes as I am very crypto heavy right now. But like saddambitcoin, I just want to buy more XMR.
To me, XMR is the spiritual successor to BTC. And at $55 USD per coin, that is still a steal. If only I had more fiat to convert...