I'd been a bit worried about how much my overall crypto portfolio has actually been going "down" as measured in BTC value lately... even all the while it's continued to go UP quite a bit as measured in DOLLAR value terms.
In previous months I'd gotten used to seeing BOTH measures going steadily UP: so this was a concerning change, something I felt I needed to pay attention to, figure out what's up...
Looking into it, I could only conclude that maybe I'm too heavily exposed to XMR...?
In other words, Monero "lagging" and lately "only holding" it's recent steady $45-$50 range is perhaps solely responsible for this "actually going down in bitcoin value" total portfolio, all the while BTC itself has been mini-mooning after the successful hard fork?
Uh oh...!
Then, believe it or not I was actually considering 'cutting my losses' (or more accurately cutting lack-of-gainers?)
I started thinking about moving some of the XMR back into BTC/BCH... Sacrilege!!
BUT THEN, I came here to this trusty good ol' Monero Speculation thread and saw ALL the TROLLS had come BACK trying to PLY their TRADE!
LOL
SO? Crisis averted. Leaving everything alone. This Is Fine... HoneyPony? Carry on...
P.S. I estimated that -- for me, and for my current overall portfolio balance -- XMR would *only* need to achieve about $66 price in dollar value to re-gain ALL the "lagging losses" that it's responsible for, in my whole portfolio... i.e. for the BTC measure to return at least to where it was previously and the "dollar value" number to go still higher.
That seems more than easy enough to achieve, to me... never mind when XMR actually finally gets to three-figures $100+ ...it'll be Party Time, indeed
In previous months I'd gotten used to seeing BOTH measures going steadily UP: so this was a concerning change, something I felt I needed to pay attention to, figure out what's up...
Looking into it, I could only conclude that maybe I'm too heavily exposed to XMR...?
In other words, Monero "lagging" and lately "only holding" it's recent steady $45-$50 range is perhaps solely responsible for this "actually going down in bitcoin value" total portfolio, all the while BTC itself has been mini-mooning after the successful hard fork?
Uh oh...!
Then, believe it or not I was actually considering 'cutting my losses' (or more accurately cutting lack-of-gainers?)
I started thinking about moving some of the XMR back into BTC/BCH... Sacrilege!!
BUT THEN, I came here to this trusty good ol' Monero Speculation thread and saw ALL the TROLLS had come BACK trying to PLY their TRADE!
LOL
SO? Crisis averted. Leaving everything alone. This Is Fine... HoneyPony? Carry on...
P.S. I estimated that -- for me, and for my current overall portfolio balance -- XMR would *only* need to achieve about $66 price in dollar value to re-gain ALL the "lagging losses" that it's responsible for, in my whole portfolio... i.e. for the BTC measure to return at least to where it was previously and the "dollar value" number to go still higher.
That seems more than easy enough to achieve, to me... never mind when XMR actually finally gets to three-figures $100+ ...it'll be Party Time, indeed
If you measure everything in Bitcoin value then the most sensible thing to do is to hold everything in Bitcoin. It's the one gaining the most value, taking away some value from the alts.
But if you're measuring some cryptocurrencies in fiat then it still makes sense to hold XMR and LTC since they're still holding their own vs the USD or EUR, etc..
Imo some altcoins are better measured vs fiat. XMR is one of them.