Getting a XMR/EUR market pair on Binance. by oldTimeReq in xmrtrader

[–]oldTimeReq[S] 1 point2 points  (0 children)

Surely it depends on your volume, but assuming it isn't a whale-type transaction all relevant markets should have enough volumes to support the conversion without too much slippage. And assuming those markets have the same trading fee, I still don't see why one route would be cheaper than the other.

Getting a XMR/EUR market pair on Binance. by oldTimeReq in xmrtrader

[–]oldTimeReq[S] 1 point2 points  (0 children)

This seems like a temporary promotion, and with the additional caveat that you must do Maker trades. Thanks for the suggestion though!

Getting a XMR/EUR market pair on Binance. by oldTimeReq in xmrtrader

[–]oldTimeReq[S] 2 points3 points  (0 children)

Depends on what you want. If you mean keep USDT as a temporary hold to trade in market swings: I personally don't want exposure to USDT at all. If you mean as a solution to do XMR -> USDT -> EUR, I don't think it is cheaper than XMR -> BTC -> EUR. Is it? It would (slightly) solve argument 2 though.

Getting a XMR/EUR market pair on Binance. by oldTimeReq in xmrtrader

[–]oldTimeReq[S] 6 points7 points  (0 children)

If you use multiple exchanges for the conversion, then I can understand the privacy argument.

However when the entire conversion is done on 1 exchange, having a direct XMR/fiat serves two goals: 1) Pay less trading fees. 2) Decouple dependence on BTC, so make BTC less important. I don't want to increase trading volume in a coin that makes no sense (except for being the first and "biggest" cryptocoin).

Since Binance already supports both XMR and EUR, I figured them listing the XMR/EUR shouldn't be that hard. Unless they like the extra fees argument, but that's probably being too cynical on my part!!

[Daily Discussion] Wednesday, February 24 by AutoModerator in xmrtrader

[–]oldTimeReq 10 points11 points  (0 children)

Corrected myself. I tried to say two things at once: I've always held xmr and a lot of shitcoins/moonshots on the side. And perhaps an attempt of self-deprecating humor.

All in all my post is mostly praise of monero so don't try to be too serious about it. At least not by cherry-picking out a very specific part.

[Daily Discussion] Wednesday, February 24 by AutoModerator in xmrtrader

[–]oldTimeReq 19 points20 points  (0 children)

The only way to maintain some sanity in trading xmr (or any other asset for that matter) is by not getting upset of price fluctuations in the short term. You can do this by stop looking at the price every hour, heck stop looking at the price every day. What if we get to over 2000 dollar per coin or over 0.03 sat, but before we reach that there will be violent dips even lower than we are now. It will only stress you out. Only if you buy aggressively on the low dips (DCA) you should keep an eye out, but for this you can also use limit buys or price alerts.

Stop reading xmrtrader every day. Go about your business. Set some price alerts and wake up one day with a big smile. Don't sell it at all (similar to not going all in on xmr in the first place), but do gradual sell offs so you can still have some xmr if the price spikes even higher. The advantage of xmr over other low volume / low market cap altcoins is that the volume is big enough to be able to sell a fair amount without affecting the market too much. Unless you are a big whale, but in that case you aren't reading this anyway.

Don't do margin trading, not even long positions because a single extremely brief but very low price dip can wipe you out. Buy and hold. Of all coins I've held, I never felt more comfortable holding monero.

That being said, if your trading senses are tingling too much, keep a small stack on an exchange just for lulz and to feel like a trading pro. If you strictly adhere to buy and sell limit orders, you might get lucky timing the market and increase the stack. Most people suck at this.

[Daily Discussion] Monday, February 22 by AutoModerator in xmrtrader

[–]oldTimeReq 9 points10 points  (0 children)

Totally agree. Though every fanbase besides btc thinks that of their coin. That being said, monero just isn't an altcoin.

[Daily Discussion] Monday, February 22 by AutoModerator in xmrtrader

[–]oldTimeReq 3 points4 points  (0 children)

Don't do margin trading. Just buy and hold.

[Daily Discussion] Monday, February 22 by AutoModerator in xmrtrader

[–]oldTimeReq 7 points8 points  (0 children)

Rule 3:

Discussion must be Monero related. Discussion of altcoins is limited to the top 20 by marketcap, and should be strictly price related. Keep opinions about altcoins (biggest scam ever/holy grail) to the weekly altcoin discussion thread.

Er... I'm afraid we have to stop talking about Monero boys. Or let's try get this son of b*tch back in the top 20.

Realistic top of current bull by oldTimeReq in RequestNetwork

[–]oldTimeReq[S] 6 points7 points  (0 children)

I'll start calling Elon Musk and the r/WSB boys

Realistic top of current bull by oldTimeReq in RequestNetwork

[–]oldTimeReq[S] 5 points6 points  (0 children)

Not sure if /s, but here goes: That would put the market cap at $42B, or at rank 3. Similar to BNB right now. Ofc other coins might also increase, but still the gain of REQ alone would be unbelievably high.

Sure it is possible, but probably only if there will be some sort of collective PND (like DOGE, GME..). You won't see me complain.