Global Feed Post Login
Replying to Avatar SimplifiedPrivacy.com

Monero drops

from $420 to $327

I posted earlier that the huge spike up was bad in the long-term, because of the likely possibility for downside volatility as well. And rapid volatility hurts adoption as real world cash.

I don't say these kinds of things to be like "oh I'm right all the time". Being right on social media doesn't even matter. I say them so you can not get burned and FOMO ape into it at the peak, or not take any profit when the real world transactions aren't matching the run-up in price. Stay safe bro

Avatar
shortwavesurfer2009 7mo ago

This is why I harp on using the simple moving average so much, because it smooths out these peaks and troughs. It did not make sense for it to be that high that fast, while leaving the moving averages so far behind.

Reply to this note

Please Login to reply.

Discussion

No replies yet.