Am I to late to go and buy $2500 worth of Monero? or good investment..?
VerY bad idea. And how does a newb with 5 posts get a negative trust rating??By starting scam on BTC Talk
Staying on topic: Investing in XMR is never a bad idea.
Putting money into an asset that went up by an order of magnitude in a few weeks goes against pretty much everything I know.
But I am doing it. I don't even need to, I can live for years on what I've made with this coin. But I see a risk/reward profile that I can't refuse. So I'm doing this apparently crazy thing. I just shoveled a couple dozen more btc onto polo and bought xmr.
Have you been watching the order book?
Monero was a bad investment for 2.5 years. So this is just the correction. Summer 2014 the early adopters paid pretty much 0.003+ for their coins. They have held it for so long time, felt the pain of bitcoin express threaths to destroy Monero, felt all the painful and bloody dumps while the coin should have been rising to 0.01+ levels.
So, the current price is still low. In my opinion the fair and stable price currently should be somewhere around 0.10 btc and in 2017 higher and probably 1-2 years from now we can catch bitcoin. If I am mistaken, please do not hold me guilty - it is just my estimations that have a lot of bias of bagholding.
This. Exactly exactly this. This rally is compressed the way it is because 2 years of injustice slowly and steadily coiled and compressed this spring of retribution.
I agree... I do think some of these obscene sell walls could be owned by people outside the Monero community trying to squash this rally. I have no proof of it but, it just seems so extreme that I wouldn't expect our community whales to be a part of it.
If they are short sellers they are very very brave. I wouldn't be taunting the bull like that myself. Maybe it will work for them. But I don't think its a posative expected return on investment.
