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Monero (XMR) thread
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The Grey Offline
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Post: #201
RE: Monero (XMR) thread
(12-04-2018 10:59 PM)young_money Wrote:  What do you guys think about the current price as an entry into Monero for a newb?

Honestly, it depends on your goal and timeframe. It is likely we'll see lower pricer than today.

My strongest advice is dollar cost averaging into the coins / assets you want (high reward, low risk, low stress and lowest amount of effort). Use a fixed amount (ie $100 or fixed % of your salary) every month to buy the coins / stocks you want, regardless of price.

If you want to trade more actively you can wait until the price of XMRUSD crosses ABOVE the 200-day moving average. When this has happened, the price will already have found its bottom some time ago and risen since.

But it means that we have most likely reversed from bear to bull market and your risks are significantly lower.
(This post was last modified: 12-05-2018 12:18 AM by The Grey.)
12-05-2018 12:16 AM
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SamuelBRoberts
SamuelBRoberts Offline
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Post: #202
RE: Monero (XMR) thread
(12-05-2018 12:16 AM)The Grey Wrote:  If you want to trade more actively you can wait until the price of XMRUSD crosses ABOVE the 200-day moving average. When this has happened, the price will already have found its bottom some time ago and risen since.

But it means that we have most likely reversed from bear to bull market and your risks are significantly lower.

Not sure I 100% agree with this; we're starting to see weird, likely unsustainable spikes in stuff. (Like BNB today)
One possible strategy would be to wait for the 20 day moving average to cross the 200 day moving average. That would give you a bit of a safer entry.

Also I looked at the XMR chart for the first time in a long time today, and good god. It looks like death.

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12-05-2018 12:46 AM
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JackinMelbourne
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Post: #203
RE: Monero (XMR) thread
I poked around and yeah, buying after a pop above the 200 day is a bad strat in this market.
XRP went above the 200 a few weeks ago (God knows why) and if you bought then, you would've lost something like 30% in the span of a few weeks.

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12-05-2018 11:22 AM
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Iconoclast007 Offline
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Post: #204
RE: Monero (XMR) thread
I have been reasearching heavily this year about crypto. Ive come to the conclusion that Monero is the best coin available from a fundamental perspective. I started DCA buying 500 per month starting in FEB.

Im stacking silver bullion and buying monero. I think their increases in value soon will be correlated. I think there could be downside in the short term but im ok with that as my plan is to DCA every month. 500 in both.
02-22-2019 06:51 PM
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SamuelBRoberts Offline
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Post: #205
RE: Monero (XMR) thread
(02-22-2019 06:51 PM)Iconoclast007 Wrote:  I have been reasearching heavily this year about crypto. Ive come to the conclusion that Monero is the best coin available from a fundamental perspective. I started DCA buying 500 per month starting in FEB.

If you've been researching, did you read what happened to the last guy in this thread who came to the conclusion that Monero is the best coin available from a fundamental perspective?

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02-22-2019 06:53 PM
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Iconoclast007 Offline
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Post: #206
RE: Monero (XMR) thread
No. I didnt hear aboht that. But regardless... I like monero and have purxhased it. What do you think?
02-22-2019 06:57 PM
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SamuelBRoberts Offline
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Post: #207
RE: Monero (XMR) thread
I think you should start with page 1 of this thread and read it to the finish. Lots of good Monero related information.

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02-22-2019 07:23 PM
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Iconoclast007 Offline
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Post: #208
RE: Monero (XMR) thread
Im curious if people are beginning to use Monero in collapsing economies like Venezuela, Argentina, South Africa etc.. Ive heard of Dash being used in Venezuela.

Im of the opinion that there will be a great financial collapse or reset happen very soon similar to 2008 but magnitudes more complicated. I think gold and silver are great stores of wealth in preperation. I also believe crypto could be a great store of wealth. Privacy coins like Monero would be an ideal place to store wealth from a desperate government inacting capital controls etc.

I have been stacking silver and gold and recently started buying Monero. I dont see any other attractive investments in the current financial climate.
03-08-2019 08:09 AM
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SamuelBRoberts Offline
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Post: #209
RE: Monero (XMR) thread
(03-08-2019 08:09 AM)Iconoclast007 Wrote:  Im curious if people are beginning to use Monero in collapsing economies like Venezuela, Argentina, South Africa etc.. Ive heard of Dash being used in Venezuela.

Im of the opinion that there will be a great financial collapse or reset happen very soon similar to 2008 but magnitudes more complicated. I think gold and silver are great stores of wealth in preperation. I also believe crypto could be a great store of wealth. Privacy coins like Monero would be an ideal place to store wealth from a desperate government inacting capital controls etc.

I have been stacking silver and gold and recently started buying Monero. I dont see any other attractive investments in the current financial climate.

They seem to mostly be using bitcoin. Bitcoin's better because of the higher liquidity and better-developed infrastructure, and "privacy" isn't a big selling point because a failed state doesn't really have the resources to track your movements on the BTC ledger the way say, the United States does.

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03-08-2019 12:31 PM
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Iconoclast007 Offline
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Post: #210
RE: Monero (XMR) thread
Yes, i agree that privacy isnt an issue.... Yet.

I would argue that it is the US gov and Chinese Gov that privacy features will become valuable against. To a lesser extent the EU.

The next crisis could be triggerred anywhere but will become contagious almost instantly due to the incestous nature of the current economic system.

If China, US, EU see a collapse in currency valuation they will put capital controls in place. These capital controls will likely include cash, precious metals and crypto.

Monero solves this situation as does Gold and especially silver bullion. Monero is actually better than gold in that it cant be confiscated.

I believe silver is to gold as monero is to bitcoin. I pick silver 1oz bullion rounds and monero.
(This post was last modified: 03-08-2019 12:46 PM by Iconoclast007.)
03-08-2019 12:43 PM
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Iconoclast007 Offline
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Post: #211
RE: Monero (XMR) thread
I will add that I have some sailing friends in the islands near Venezuela. Margarita island. I am told that DASH is the most commonly used crypto there. They mentioned that the transactions are often very small and Monero transaction fees are too high at this point to justify the privacy feature.

Monero would be better suited for storing larger sums. DASH is used to buy bananas at the market.
03-08-2019 12:53 PM
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Iconoclast007 Offline
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Post: #212
RE: Monero (XMR) thread
https://www.google.com/url?sa=t&source=w...Ft&cf=1

Recent Link discussing the next crisis and crypto.
(This post was last modified: 03-08-2019 12:57 PM by Iconoclast007.)
03-08-2019 12:56 PM
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SamuelBRoberts Offline
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Post: #213
RE: Monero (XMR) thread
Wow that's useless garbage.

Also has nothing to do with XMR.

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03-08-2019 01:07 PM
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Iconoclast007 Offline
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Post: #214
RE: Monero (XMR) thread
XMR is a cryptocurrency. The arcticle is relevant to my points concerning Monero. .
03-08-2019 01:17 PM
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Iconoclast007 Offline
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Post: #215
RE: Monero (XMR) thread
Texas is putting legislation in place about privacy coins.

https://www.newsbtc.com/2019/03/11/texas...n-as-well/
03-11-2019 08:34 AM
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Iconoclast007 Offline
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Post: #216
RE: Monero (XMR) thread
I purchased another 500 Euros into Monero Today. DCA every month is my plan.

SamuelBRoberts. You made a comment earlier in this thread that you wished you had purchased monero at around 50USD. It is currently trading at the level. Are you buying , or has your opinion changed?
03-21-2019 04:10 PM
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Iconoclast007 Offline
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Post: #217
RE: Monero (XMR) thread
Edit.

It was not SamuelRoberts that mentioned XMR at 50 USD it was burnermail.

Burnermail, are you buying now?
03-21-2019 07:54 PM
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