Quote from: kurious on August 21, 2018, 08:21:34 PM

Quote from: rinus on August 21, 2018, 07:47:27 PM

Quote from: Febo on August 21, 2018, 05:34:57 PM

Quote from: rinus on August 21, 2018, 04:28:52 PM

guys, i need some advice. i went full in on xmr with fiat in the early days. Should i diversify my xmr in some bitcoin? it does not look a good time to do that cause the xmr/btc ratio keeps dropping... but it looks that btc is falling a bit less hard in fiat value then xmr. Its just hard to believe at this moment we will see a new ATH in monero again in USD...

I am positive we will see it. To bad you had not decide this only few 3 months ago when price was 0.032. I would not want to give you advice's, but still I am not sure it is the best moment for this. But I suggest you to eventually do it. even if your bitcoins goes to zero you will still have your Monero.

i am following u and some other guys for quite a while now, always interested in what u guys are saying. U are right , i should have sold some int he 0.03 area just to have some bitcoin, or A bitcoin ... but i did not. I am a believer of monero for 3 years now but its my first big bear market i am really following closely. Because 18 months ago it was peanuts ( in usd value ) ... i am amazed of how sure u are and how much u believe in a new bull market. I cant help thinking that maybe we seen the top already ... even with this amazing comunity , the superiour tech ( that nobody seems to care about ) , the ledger support, the comming bulletproofs, kovri , and so much more , it looks like nobody is carring and if we would enter a bull market , maybe people will just buy more shitcoins Sad

In summer, the crypto market generally can be a little boring.

The Wall Street money in on holiday as are people in many fields of life; it's not tax season... and with a bear market too, it can be grindingly dull. However, many of those here have seen it all before and they know that BECAUSE they held from 2014 to 2016, they were there in 2017 for when it picked up again.

So in crypto you just have to sit tight. Both Monero and Bitcoin have gone up thousands of % in a few years. Yes, you are right, Monero and most alts have gone down more than Bitcoin, but when the alts which are still around recover, they will appreciate fast, too.

Febo is right, we ALL should have sold some at 0.32, parked it in BTC and bought back at 0.0129. But we have no crystal ball and the vast majority of us didn't. Be assured, though - getting it wrong is always more expensive than hodling in the long run. That's why the old guard here are not panicking.

It might go on for longer, but you will not have to stress about when to buy back in if you just HODL. If most of your cash is in Monero you are not alone, I can assure you. It hurts, yep. But when it rises again (and personally I think it will) Monero tends to move up fast. And you will be glad you didn't flip if it does.

Do your own research, of course - I am a fanboy.

TLDR: Probably missed the best time to flip, likely best policy now? Just HODL

Nothing to add, this is just the way it goes Grin

I am a noob in crypto, got in the whole thing in 2013, and bought my first XMR in 2014 thanks to the finisch guy living in a silver castle Roll Eyes

Started with a few hundred euro every month to buy BTC and converted it to XMR. I made a lot of mistakes with trading, lost a lot, made it up again and learned how the market is behaving.
In 2015 also made a panic sell (thoughti was wiser than everybody else) that hurt me big time. Recovered from that again and now i am sitting and watching the situation without my pulse gaining even 5 points in this situation. If i look at the RSI we definetly are at the bottom and as kurios already mentioned, XMR is known for recovering fast, so i wouldnt't be surprised if we are getting at RSI 80 ore more with a massive price increase until mid of september.

TLDR: Just HODL, have a cup of tea, relax, and wait for christmas Cool