Quote: (12-04-2018 10:59 PM)young_money Wrote:
What do you guys think about the current price as an entry into Monero for a newb?
Honestly, it depends on your goal and timeframe. It is likely we'll see lower pricer than today.
My strongest advice is dollar cost averaging into the coins / assets you want (high reward, low risk, low stress and lowest amount of effort). Use a fixed amount (ie $100 or fixed % of your salary) every month to buy the coins / stocks you want, regardless of price.
If you want to trade more actively you can wait until the price of XMRUSD crosses ABOVE the 200-day moving average. When this has happened, the price will already have found its bottom some time ago and risen since.
But it means that we have most likely reversed from bear to bull market and your risks are significantly lower.