I guess it depends on the impact of day to day usage. It's probably very small compared to the daily volume on exchanges but what if some people remember the stories about people spending BTC on markets that later turned out to be worth thousands? They might decide to keep a little on the side.

Are there any other coins that are actually used for something today?

Right now it's BTC, ETH and XMR.

Everything else is just used for trading and speculation based on predictions of future products and usage right?

Are Chainlink, Cordano, Polkadot and EOS actually being used for their intended purpose?

Does anyone think XMR will decouple from Bitcoin, to an extent. Or is it still strongly dependent on BTC?

Some people say that it will be another year before we reach the previous BTC ATH and another year or more until the new ATH.

Any chance that XMR will reach a new ATH in terms of BTC and USD before then?

Can it get back in to the top 10? Top 5?

I wonder what the Koreans are doing with their XMR. They were a big part of the run up last time right? Where will they sell?

Also, perhaps it's now a blessing that XMR wasn't on Coinbase all this time. To acquire XMR you had to look outside of the biggest exchanges.

I still have nightmares of huge bags being dumped on the market over and over again.

Do you think that new supply is finally restricted enough? Is the majority of Monero now held by stronger hands? How many people bought between $140 and $500 and just want to break even?

97% of the 18 million Monero has been mined compared to Bitcoin which is at 88% of 21 million.

Will this start to make an impact?

Or are there still whales and miners waiting in the wings looking to get rid of their bags?

Is there anyone here holding XMR that wants to follow the plan?

I skipped a few doublings and have been holding everything until very recently, but I was forced to sell a small percentage.

The way I want to approach it is to keep an eye on the development of the tech, the price and the overall market sentiment.

Monero has some cool development coming up and the possibility of being added to Ledger and Coinbase. Once we have those I don't think there's much to stop it from taking over a significant part of the ecommerce market.

I didn't think the whole crypto market would go up so quickly though and it's making me nervous that a crash will come that will drag Monero down for a while as well.

Is taking out a % at each doubling the optimal thing to do? Would a diminishing percentage increase be better considering the price may follow an adoption curve?

So as a rough example.

1. Take out 10% when it's increased 100%
2. Take out 10% when it's increased 75% again
3. Take out 10% when it's increased 50% again
etc.

Also, do you think it would be better to cash out large sums in a short period of time (market value allowing) or to take out a little bit over a period of time, so Dollar Cost Averaging out.

I'm interested to see what people think.

That's also my question, am I being greedy or smart?

My plan was always to wait until the amounts were life altering. I don't need toys, just want my freedom.

The total amount isn't enough for retirement yet, but it's getting close. Perhaps one more pump.

In any case I would never sell it all. It's just a matter of what percentage and when.

A good problem to have, but still a problem.

Risto came up with this plan which I intend to follow more or less. I really owe that man a beer.

https://bitcointalk.org/index.php?topic=345065.0

1: Buy in what you are OK with losing.
2: Wait
3: Once it doubles / 10x / whatever, take out a % (the rake).
4: Repeat until the you can use XMR or some other crypto in day to day life and you don't have to 'cash out' any more.

Here's an online tool to help you with the plan: http://bitcoinsavingsplan.com/

Or you can do it yourself in a spreadsheet.

I skipped a couple of rakes because there were always tech updates around the corner.

Like I said earlier, my hand was forced during the summer. I wanted to wait until there was a hardware wallet out and it was being used for commerce.

Then the massive December crypto spike happened and now I'm not sure how to proceed.

Sell another percentage because it went up again? Or wait until the hardware wallets come out, openbazaar accepts it etc.

I want enough to tide me over in case there is another 2 - 3 year bear market. I have confidence in XMR, but it scares me how fickle the market is and how much still depends on BTC.

Hello everyone,

I'm a long term holder and lurker on this thread.

I also got involved when Risto first mentioned it as a good investment. It looked like it was my chance after missing out on BTC.

Thanks to the people in this thread I've been holding all the way until last summer when a life circumstance meant I had to sell a single digit %.

It felt strange to sell but I have to remind myself to follow the simple saving plan also set out by Risto, to sell a % as it increases.

Like I said my hand was forced last summer but now I'm getting close to where I really should divest in case of some black swan event and I'm left with nothing.

Anyone else have mixed feelings about selling after holding for a long time.