The cryptocurrency plummet

I recently put money towards monero for the first time. I used localmonero so my cash is still in the mail, but I'm not quite sure what I'm gonna do with it once I actually get it because of the huge value losses. Should I spend it immediately so that it doesn't lose much value in my possession? Should I wait until the value stabilizes to buy anything? Thanks for any advice.


Comments


[16 Points] XmarieZ:

If you look at the trends of almost all the top cryptocurrencies, they've all taken a dive lately. Heck even the Dow Jones has plummeted recently. Not sure if they're all related or what the exact cause of this sudden crash is, but I'm sure things will rebound like usual. Maybe just hold on to them for a bit before using them.


[5 Points] HardC0r3:

its gonna back up again im sure.


[2 Points] azumatora:

Too many "bitcoin isn't going to last!" articles for my taste, especially when it's been trending downward since December. I sold what little I had after the recent crash and reinvested it in ripple. (It was going to be ether and ripple, but--again--crash.)


[2 Points] bradleynowellsguitar:

What happens if I paid a vendor 2 xmr yesterday and today it dropped bad. Are they still obligated to ship? It was a DD, so I really hope I don't get burned. At the time of sending, it was actually a few bucks more than what I owed...


[2 Points] showbobntit:

It’s going to go back up like it always does. There’s always at least 2 bad crashes a year and bitcoin and other top currencies always recover with new highs.


[1 Points] Psilocybins:

Yeah man, my Litecoins keep going from $30 to $20 to $25. Pissing me off.


[1 Points] TwoLipMania:

Look at all the cheap coins laying around! Buy on the dips..Bitcoin to the moon! Squak


[1 Points] Occams_Raza:

I for one plan on buying the shit out of it right now. As soon as a dominant high volume market establishes itself the price will tick back up a few thousand.


[1 Points] Inthewirelain:

It's a long overdue price correction. It will continue upwards but it will take time to recover. Bitcoin and the other currencies have been here many times before.


[1 Points] vagrantmigrant:

Why are you mailing currency to buy Monero? I would definitely have just bought Bitcoin or Litecoin and used them on Coinbase to trade for Monero. lol


[1 Points] GirlsDontLikeIce:

Prolly going to go back up. How much will it drop then go back to who knows. LOL it's all been luck up to this point. There is no uhmm trends?


[1 Points] Hairybristols:

If you want to make money, then hold.


[0 Points] bandawarrior:

Why’d you buy it there? There’s coinbase, kraken, and others you know


[0 Points] piyozblyat2:

guaranteed to go back up, but if you get too anxious ill take it off your hands for you