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    Author Topic: [XMR] Monero Speculation  (Read 3316486 times)
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    hodlmybtc
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    July 22, 2015, 08:35:55 PM
     #7261


    EDIT: BTW, there is an arbitrage opportunity between hitbtc and Polo. I do not exploit it but if someone is interested and trusts on both exchanges, feel free to take a few "free coins".

    I scooped up a good little percent or two of my stash playing Arbitrage at HitBTC<->Poloniex.

    But I had so many problems with withdrawals I finally quit doing business there.

    I don't know if it is any better now.

    Nice to hear that you made some coins.
    Now looks like the best way to buy Moneros is to waite a dumps or flash crashes.
    The market is pretty dry above 0.002 so if one wants to get coins cheaply a good way to actually get a few (in this strategy you get perhaps a few hundred per day only) is to put a buy order(s) around 2 % below the spot and take the flashcrashes and also it gives markets to Monero.
    Selling...? I think now it is not time to sell any coins as the uptrend seems to be pretty early and immature.

    What I've noticed from the forum (trolling and bashing) and also Polo trollbox that pretty many are Monero bears immediately it starts to rise.  Grin Which is a good sign since you need just enough bears to trigger bigger buys - however, I think they are not convinced yet this is an uptrend.
    The longer it takes to realize a bull trend the higher is the opportunity cost. And in bull markets the opportunity cost tends to grow each day you live in ignorance.

    2% isn't a flashcrash, just low liquidity.

    Something like what happened on BTC-e was a flashcrash, even though there have been way worse in the past.
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