Yeah
Markets, good few days, but it has been pointed out to me, there is not a lot of volume in it, a lot of wallets of the exchanges have been noted as having buy transactions in these candles, so there is a tad dash of wash trading at this moment.
Me? im honestly just sitting pretty, things have been all to happy this week for me to justify buying anything, perhaps she shall keep going, but, honestly, assuming tonight doesn't trend up, best case scenario was honestly expecting it to re-trace at 9k if we hit it.
BTC is as always my main objective, when i do next place my buy positions, but after months of being blasted by every one of my contemporaries about Monero, i will be opening a small position, when the market conditions are right.
From Mcafee to Asger, to Sky (Yes Ms Pankhurst is still out there) to even Vincent recently, its getting a lot buzz, i have actually always been a Verge supporter myself in the privacy field (My first EVER position ... never sold... FML) but Monero clearly has the tech advantage.
But right now, things have been far to positive to take the position, best way i see to go about things at the moment, is that if in this climate, you have your funds to allocate, just set them aside and wait.
Yes - sure - DCA is good to, but i am looking to get a bit more bang for buck with this position so i want to get an entry in a market depression.
That is to say i have not yet, made my fortnightly position as of yet, i am just waiting.
Size? Opening position of 10 Monero is what i am looking for - i feel confident of that doubling throughout 2020 - its one of those scenarios where, realistically, i would just throw that into BTC but, seems well worth having in the portfolio - but now is not the time to be buying anything, irrespective.
Everyone is to hopeful, and dont get me wrong, i am quite happy with this week, love to see things trending up, but those are not times to buy.
Dont piss your money on alt coins, but Monero does seem, like a solid investment to me, certainly one of the contenders to "stick around" if you need an entry point, i would suggest either Binance or Bittrex - both are reputable, i prefer Bittrex but just because of Julian Yap's passion for security, though speaking of Binance, dont we all love CZ?
If your concerned about a paper trail HA! use TradeSatoshi, so dodgy - you can count on them, to not keep your records as they get DDOS every day that ends in a y.
Given token economics, If we see a BTC run, which will mean an ETH run, (if you dont already have your eth position you need to) as a premium privacy token, i cant see why XMR would not follow suit.
But for now? just chilling, and watching the price, setting aside capital - impulse control is very important - try and make educated decisions, i dont plan on opening a lot of new positions this quarter, but Monero is certainly one them - along with my usual BTC splits, which, i am still watching the price for to.
Role on Friday, and whatever your positions, best of luck o7 as always, never invest more than you can afford to lose.
And if you do not yet have a hardware wallet - buy one, Trezor. if your token is not supported, build a potato rig and just put your wallets on that - dont leave funds on exchanges.