I bought 36 XMR @ 0.01738500btc . Now it kept decreasing and I am super depressed just looking at the figures. Any idea why is XMR dumping so hard guys?
It is a horrible timing to buy any coin right now.
Basically the only coin you should be hoarding is bitcoins.
You should read the Speculation thread and follow me.... When I say it will pump, it will go up. When I say it will go down, it will dump.
Last time I checked, I am bearish on Monero.
Aminorex has quit working, he has expensive lifestyle and tons of Moneros. He needs to sell his Moneros now to sustain his lifestyle. Risto also is a high roller and living high and he has Moneros (although he says he was hacked - but definetely he has Moneros in some other storage units that are unhacked).
A lot of selling pressure, and the competition among the anonymous cryptocurrencies is getting more and more intense all the time. Dash replaced Monero, next is Zcash.
Right now I would just hoard bitcoins... The massive altcoin bubble is about to burst and bitcoin will get back some of its previous marketcap dominance.