The Bitcoin issue on 1 August... What do u guys think. I'm selling ETH for USD so I can buy in XMR lower when or if Bitcoin crashes down. Good decision? Or will this not affect Monero Price? I guess when Bitcoin comes down, everything else in USD terms comes down with it, temporarily
The Big-Question is... are crypto-people gonna want to move from the Big Kahuna Crypto "Bitcoin" during a crisis (?) back into FIAT MONEY dollars, for "protection" (LOL) or will they protect themselves somehow by waiting it out in some "Safe Haven Crypto" (ahem) -cough-MONERO-cough-
Seems likely to be a 50-50 decision either way. No clue.
Personally I'm just going to leave the bulk of my BTC in a safe cold storage address (private key backed up multiple ways from Sunday) and maybe move most of the 'expendable' hot-wallet easily accessed BTC into XMR to wait out whatever storm comes.
It may all go UP or it may all go DOWN or some up and some down... so, in other words, just another day in crypto world (albeit maybe more entertaining) LOL