Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
kurious
on 31/05/2019, 14:47:28 UTC
Hey fellas... how'z it hangin'?  Grin

I been "away" awhile, again.  Still "OUT" mostly.  Long ago even before the 'crypto winter' was really "real" to all of us I'd speculated that the crashing would be overwith sometime around late springtime towards early summer 2019 (i.e. now).

Soooooooooo... gotta start thinkin' about coming back, I guess.

But, I dunno. IS it really "time" yet now?  Or kinda sorta maybe feels like there's gonna be one more leg-down crashola just to shake the monkeys one last time, before we REALLY start to get going towards next retaking ATH and next ten-bagger from there (going into Halvening time...)

Whaddaya dudes all think?  Maybe I oughta "get back in" but with only like 'half' yet... and wait & see on the other half?

Something like that?  Or still just thinkin' out loud here awhile yet again.

LOL  Grin

Welcome back, KeyJockey.

Well the crypto winter ended (effectively) in December with BTC dropping to $3122.

Since then BTC has seen a decent recovery and accumulation phase as I am sure you can see.   A real 'alt season' has not really kicked off yet, with BTC dominance mostly increasing since the start of the year (it was over 60% not too long back). However, green shoots are appearing - so your timing is about right.

Certainly Monero at over $90 is better than sub $40 as XMR was in December, but while keeping up respectably well in USD terms, against BTC it hasn't really performed yet - probably due to the stage of the cycle IMHO.

With BTC slipping back into a mid-50s percentile dominance-wise, it looks like alts are waking up - and XMR is sitting mid-table in performance terms, having lost less than most during the crypto winter.  Institutional fund money when and if it comes may buy a top-20 basket of CC to help out, but whatever happens it looks fairly obvious big-caps are largely doing better than minor alts.

For me, it's not a time to sell XMR and it is still sitting at no. 12, or 13 in market cap, in spite of stable coins and platforms taking spots all over the top 20.   

'Real private money' - Monero's use case (and dominance for privacy) does not really need arguing any more.

I'd say: Sit tight, keep a balance in BTC and XMR - and tread very carefully if you feel like going elsewhere in the wonderful world of crypto, many alts are on life-support at best.