Classic price correction - Monero DUMP Caught On Video - Post on Lumbridgecity
Classic price correction - Monero DUMP Caught On Video
A LARGE profit taking move occurred in the cryptocurrency called ‘Monero’ and provided the perfect opportunity to highlight the absolute NEED to use Rule #1 in your risk controls when trading Altcoins.
Bitcoin Trading commentary and review of CryptoNotes Technology including review of the big DUMP on Monero prices during the morning of June 9th, 2015.
Bitcoin Prices Today show a number of 1-2-3 bottom formations and this author bought more bitcoin at these low prices. A cautionary comment on how to use Margin Trading for Bitcoin.
Classic price correction – The Monero DUMP Was Expected
We review the price charts for CryptoNote based coins –
Second Gen Digital Currencies To Overtake Bitcoin
Bitcoin is a genius invention, just as the incandescent light bulb – but nowadays, LED lights are replacing all of the inefficient light bulbs of the past… eventually, there will be a second generation altcoin that replaces Bitcoin.
This author is on a search to review all new digital currencies to find those that have the potential to overtake Bitcoin – and to invest in them early… just like it would have been to have bought 1000s of Bitcoin back in 2010. One such coin is NXT, and also MAID – and recently a fellow bitcoin trader recommended researching coins created on the CryptoNote protocol.
Republished with permission from http://www.lumbridgecity.com/classic-price-correction-monero-dump-caught-on-video/