Well, we might just be heading for our ATH.
Against Bitcoin of course, which is helping by spiraling down in the midst of its stupid civil war.
I would much rather we were a few points off our dollar ATH...
As for cashing out - sure, well done if you did....
But what into? Bitcoin?
Ha!
Against Bitcoin of course, which is helping by spiraling down in the midst of its stupid civil war.
I would much rather we were a few points off our dollar ATH...
As for cashing out - sure, well done if you did....
But what into? Bitcoin?
Ha!
I'd say most investors only really care about their local currency so for me it is XMR/USD pair that I care about. But I'm just taking a guess here, I hope people are not move to BTC lol I don't think that will make sense till after all this split shit gets cleared up. Anyone want to try to call the low on BTC before everything gets straightened out and it climbs again? I'm gonna guess it hits low $500's before a stable uptrend starts again. After October maybe?
That is what screws the whole market up. Most people (realistically) sell XMR into BTC to cash in. It was certainly my 'normal' route. XMR to BTC on Polo - BTC to Stamp and sold / transferred to my (European) bank.
Most people on Polo think of XMR in terms of BTC, it's not a USD /BTC trade. You are far more sensibly watching the USD price - even though it's the only pair that makes real sense if you think about it. But Polo is our biggest trading market, and the trade is XMR /BTC.
Right now BTC looks increasingly a risky route out - look at it, it's tanking. Into the 800s over the weekend looks possible, even likely.
The BTC civil war is bad for all crypto. Something better give soon.
If only I could spend Monero directly on goods and services I want, it would not matter (sigh). Right now I am re-focusing how I think about all my crypto. If BTC is toxic, I need to.
No need for it so I just put the bitcoins to the lending markets earning hefty 0.1-0.2 % daily interest until Dark coin settles down and probably will buy it next....
