"Your winners are never big enough."
I don’t recall who said it first, but I credit legendary trader Peter Brandt for popularizing this maxim — the one that comforts every risk-conscious trader whose conviction proves right but whose position size was too small.
A little over two years ago, I realized that Monero embodies the ethos Bitcoin once had: private, decentralized, uncensorable money free from government and corporate control.
Bitcoin has since drifted from that ideal. It may function as a store of value today, but it has surrendered most of its role as a medium of exchange on the internet. Monero has quietly taken that mantle. Watching major Bitcoin thefts be traced and seized — because Bitcoin is, in fact, traceable — only reinforced my view: Monero’s value as true private money would keep growing as the market caught on.
Since forming that conviction, I’ve seen two events that seemed to threaten Monero’s survival — yet ultimately proved its resilience.
The first was Monero’s delisting from Binance, forced by European regulations banning privacy coins. The market panicked; XMR dropped 30% overnight. At first, I feared its code had been compromised. But the truth was simpler — and far more bullish. Monero was being recognized as working exactly as intended: too private for governments to track.
The second came this year with an attempted 51% hashrate takeover. Confusion reigned, and even I questioned whether this was an existential threat. Yet I decided that if the world could no longer sustain private money, little else would matter. I held my conviction — and Monero endured.
Through all of it, Monero has proven to be the pluckiest cryptocurrency alive — rising now amid one of the most skeptical phases of the current bull cycle.
From a price-action standpoint, the weekly close above the prior $420 high (yes, that number) would confirm a breakout. But I don’t think it matters. As a trader, I’ve found Monero almost un-tradable — my usual methods simply don’t apply to XMR/USD. Its chart behaves unlike any other asset.
That doesn’t frustrate me anymore. It fascinates me. The best move with Monero isn’t to trade it — it’s to own it.
Monero remains the best asymmetric bet in crypto.
I don’t recall who said it first, but I credit legendary trader Peter Brandt for popularizing this maxim — the one that comforts every risk-conscious trader whose conviction proves right but whose position size was too small.
A little over two years ago, I realized that Monero embodies the ethos Bitcoin once had: private, decentralized, uncensorable money free from government and corporate control.
Bitcoin has since drifted from that ideal. It may function as a store of value today, but it has surrendered most of its role as a medium of exchange on the internet. Monero has quietly taken that mantle. Watching major Bitcoin thefts be traced and seized — because Bitcoin is, in fact, traceable — only reinforced my view: Monero’s value as true private money would keep growing as the market caught on.
Since forming that conviction, I’ve seen two events that seemed to threaten Monero’s survival — yet ultimately proved its resilience.
The first was Monero’s delisting from Binance, forced by European regulations banning privacy coins. The market panicked; XMR dropped 30% overnight. At first, I feared its code had been compromised. But the truth was simpler — and far more bullish. Monero was being recognized as working exactly as intended: too private for governments to track.
The second came this year with an attempted 51% hashrate takeover. Confusion reigned, and even I questioned whether this was an existential threat. Yet I decided that if the world could no longer sustain private money, little else would matter. I held my conviction — and Monero endured.
Through all of it, Monero has proven to be the pluckiest cryptocurrency alive — rising now amid one of the most skeptical phases of the current bull cycle.
From a price-action standpoint, the weekly close above the prior $420 high (yes, that number) would confirm a breakout. But I don’t think it matters. As a trader, I’ve found Monero almost un-tradable — my usual methods simply don’t apply to XMR/USD. Its chart behaves unlike any other asset.
That doesn’t frustrate me anymore. It fascinates me. The best move with Monero isn’t to trade it — it’s to own it.
Monero remains the best asymmetric bet in crypto.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
"Be to others the person you needed to meet 10 years ago"
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.