I think during these times, the best strategy is to hold.
If it were to look back at history, time tells it will be a dump.
However, xmr was way undervalued, so this could be a special case of pure skyrocketing and traders and shorters will get awesomely rekt.
If it were to look back at history, time tells it will be a dump.
However, xmr was way undervalued, so this could be a special case of pure skyrocketing and traders and shorters will get awesomely rekt.
Yup, it's truley gambling right now to play this market and I'm a gambler but I don't like the odds of selling and watching the spike you missed. Been there done that and it hurts.
Past experience has taught us there is usually always a big dump after such a rapid increase in price. But i for one, am far too emotionally attached to monero to risk trading anymore, i now only look long term. Many times i have regretted not selling some after a rise in order to buy more back cheaper, but every single time monero has gone on to reach higher highs in the long term. I think if you are not in desperate need of funds then just sit tight. I always sleep well holding monero even when the price is falling as the technology remains a game changer.