Bought at $98 and it's basically been dead or lower since. I know it's only been two days but wtf where did the volatility go? Am I gonna be stuck holding this for a month or more before I see some gains? Not gonna sell low
>>3185642
>buying at ath
You basically had it coming
it was cheap for so long why would you just now buy?
>buy high sell low
/biz/ investment genius in action
>>3185642
Welcome to the Monero life. Everything rises quicker, but when it goes up it doesn't go down like the others.
>>3185647
Figured it would keep pumping or repump in a few days. So far nothing.
Jesus Christ you bought so fucking high omg
apparently this shit is going to be available in India soon. all those disgusting shit-smeared pajeets can exchange anonymously exchange XMR for mangos and child brides now
>>3185668
If you'd consider it be worth $250 by December then he bought pretty fucking low yo
>same price
>volume drops 10k btc
the whales are accumulating
I remember when XMR had 8 mil daily volume.
This rocket is going to take off soon.
>>3185692
yeah and if you consider it would be worth 3 mil a monero by tomorrow it'd be low too but thats just speculation you dumb faggot
Monero is a long hold, not a pump and dumb trash
>>3185642
hold until $500
>>3185661
This. Really this.
>>3185649
Exactly, wut were they thinking? Shit was 40 bucks a week ago.
>>3185642
you bought the news, the volume and volatility is massive compared to how monero normally is.
Monero isn't an ICO, the price is gonna deflate as more degenerate ICO gamblers realize how Monero normally trades.
>>3185662
We're heading into another bear market desu. Don't buy anything with a very recent pump in its history.
It's gonna pump/dump on 27 when trading will start on bithumb
Bitcoin was going down by -8%. And so every other coin.
But Monero was going up by 40%. As a only coin in the market.
So everybody buy in. And now are holding their bags. Very soon they will start selling it for other coins. And it will go back to 45$. Coin just can't go from 40$ to 100$ in a one week. Currently it's overpriced. And it will go back to 45$. In a about 6 months it will again reach 100$. But slowly. And at that point it will really have value of 100%.
Ocean is steadily rising. But you are currently riding on a very high wave.
>>3185642
you'll be waiting for a long time
>>3186898
what makes you think we're headed for a bear market?
Why didnt they just call it Al Queda Bucks
>>3185642
Please remember that if the price is too low, then a dramatic rise may be required in order to correct the market price. We are currently experiencing a price correction, and the question remains open: is the correction going to the logical risk-adjusted discounted value of cash flow with infinite duration, or will it pause for a while before it continues to correct?
In the first case it would continue up for a couple of orders of magnitude. But given the historical madness of crowds which has allowed XMR to remain undervaled for so long and to such a large degree, I rather expect the price to pause and stagnate somewhere between 100 and 200 until more information leaks to a larger pool of investors, of greater liquidity, causing the upward correction to resume.
One would think this should be obvious to anyone with a basic finance background, given the historical example of BTC. Why does it not sink in to their thick skulls? Well, FOMO will fix that eventually.
>>3188228
Spot on. I think you'll have continued news of Bitcoin transactions being more readily IDed by law enforcement, leading to further demand for truly anonymous currencies.
>>3185662
Your crystal ball sucks.
>nobody can predict the future so never bet a pump keeps pumping.
>>3186972
listen to this anon
>>3185692
You could consider it worth a million next week. Doesn't mean shit. Never buy the ath. At least wait for some kind of dip. FOMO is why everybody on /biz/ has bags. r/relationships can invest better than most of you guys.
>>3186972
Only reason mono is going up is due to a forced pump.
>>3188382
>forced pump
>>3185642
Sucks to be you, I bought the dip.
Also yes it will move, you are just an impatient kid like 95% of this board.
>>3185642
i guess you will be holding for a long time now
i mean you bought almost at the absolute peak
sell it now and cut losses would be my suggestion
buy high, sell low
>>3185642
what the fuck I tell you faggots?
Still a lot further to go
WIDESPREAD
>>3188450
I know, right? It's the Korean exchange news that caused a surge in buy orders.