Hi all,
I trade cryptocurrencies and have now decided to buy XMR. I can spend 2.5 btc in total, of which I'm looking to invest a portion, so am waiting for a good moment to buy
Here are two price charts I found (poloniex and hitbtc):
https://www.poloniex.com/exchange/btc_xmr
https://hitbtc.com/terminal#XMRBTCIt seems that XMR is pretty stable now... maybe time to invest? I'm no professional in cryptocurrency trading and am not sure
What do you think?
Thanks in advance
Currently XMR is in its very early stages and its rare for such a project to get so much attention so quickly. Given this fact the currency is volatile and the swings can be quick a deep, that being said there is a lot of serious money invested in XMR so you know your not going to buy a shitcoin that goes down to 1% of your investment.
If you are worried about getting in at the best time then I would advocate cost averaging your way in at least over a few days if not weeks.