Quote from: johnsmithx on August 12, 2017, 03:27:35 AM

Quote from: guesswho1234 on August 11, 2017, 11:11:11 PM

bitcoin had a very good rally and people might want to take their profit

The rally is not over yet but when it is the drop will be quite noticeable.

welp sadly i wasnt right. atleast my stop got filled Cheesy

Quote from: tokeweed on August 12, 2017, 06:15:58 AM

Quote from: guesswho1234 on August 11, 2017, 11:11:11 PM

since this is a speculation thread after all

facts:
btc/xmr on polo = 0.01393
btc/usdt on polo = 3670

my assumtions (even tho i think chart analysis is complete bogus):
monero bounced back up at around this lvl twice the last two weeks so maybe it will do it again
bitcoin had a very good rally and people might want to take their profit

my positions/trades:
150 monero long at 0.01393 (margin)
0.5 btc sell for usdt at 3600

what are your views?

With the way Monero is going on the market, don't trade it on margin. There will be lots of sideways action that doesn't really make you any profit and the exchange keeps raking in interest from the amount borrowed.

If you're gonna invest in Monero, it's buy and hold in cold storage.

i dont really understand why monero keeps dropping in usdt price. if its not increasing okay but why drop?
any insights?