Are you long or short on Monero?
It depends.
Highly short term, there is a strong possibility of capitulation in the markets. This can not be neglected and means we should be prudent entering a strong position. One of the best strategies that reduces emotional decision and its potential downfall is to Dollar-Cost Averaging (DCA). My thesis is that now is a perfect time for investor to DCA on different assets they are interested in. Not FOMO. Keep money so if we go deeper, you deep more.
Monero long term is extremely bullish to me. A cup and handle pattern is forming and need to pay close attention to. It is a very powerful indicator when confirmed. I do think it would take time.
Sadly, the political sphere is making Monero and privacy more and more valuable. The potential of global CBDC roll-out, the crackdown on cryptos not only for the tax purpose but for ecological means or even ideology purpose is scary to some.
I argue that at some point, people will realise that they are increasingly getting restrain from different powerful entities and will be looking for alternative to this matter. I also think that Monero can survive a global delisting from major exchanges. This is because it might not be the mass, but too many care about privacy. The community can find alternatives to on-ramp and off-ramp. Anyone can rent a server or create its own to allow P2P trading platform. Too many will fight, and Monero will thrive no matter what. The offer and demand law will apply and the community will support the liquidity side by offering different means of exchanges that are not KYC etc.
I therefor expect Monero to rise in the long term because of all these factors and more.
Let me know in the comment below if you did DCA in an asset recently and which one.
Highly short term, there is a strong possibility of capitulation in the markets. This can not be neglected and means we should be prudent entering a strong position. One of the best strategies that reduces emotional decision and its potential downfall is to Dollar-Cost Averaging (DCA). My thesis is that now is a perfect time for investor to DCA on different assets they are interested in. Not FOMO. Keep money so if we go deeper, you deep more.
Monero long term is extremely bullish to me. A cup and handle pattern is forming and need to pay close attention to. It is a very powerful indicator when confirmed. I do think it would take time.
Sadly, the political sphere is making Monero and privacy more and more valuable. The potential of global CBDC roll-out, the crackdown on cryptos not only for the tax purpose but for ecological means or even ideology purpose is scary to some.
I argue that at some point, people will realise that they are increasingly getting restrain from different powerful entities and will be looking for alternative to this matter. I also think that Monero can survive a global delisting from major exchanges. This is because it might not be the mass, but too many care about privacy. The community can find alternatives to on-ramp and off-ramp. Anyone can rent a server or create its own to allow P2P trading platform. Too many will fight, and Monero will thrive no matter what. The offer and demand law will apply and the community will support the liquidity side by offering different means of exchanges that are not KYC etc.
I therefor expect Monero to rise in the long term because of all these factors and more.
Let me know in the comment below if you did DCA in an asset recently and which one.
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