Topic: Do you think people will turn to Monero? (Read 1252 times)
We can see that Monero is a long-term profit, spent a lot of time with the chart crawling, only now comes from a nice growth, even so is not reason for people who do not have that currency, if you go back to that currency, there are other altcoins with great potentials and high profits.
Monero is the best of its kind,anonymity is the most important thing in my transactions,so yes people will realize it in the future.
I think Monero has a good future, better than Z series coin
Monero is best anonymous coin , but i think everyone like bitcoin and ethereum because we know who send and this is most important crypto currently
What about Zcash? It is going really high in price
It could be too, perhaps depending how future developments. And... well, you have to trust the people on the ceremony ...
When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
It is the possibility that people will start to use Monero for their different activities of life and for other business uses but it is not sure that people will leave bitcoin as bitcoin has its value and people like it and people like to use it for their businesses. I am sure that if people started to use Monero then they will like to use both of them the same or may be they do not use Monero more than bitcoin as the supporters of bitcoin are much more than any other coin. When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
why regulated make us change to monero? i dont think so.
if become regulated, bitcoin can be easier to reach people to try to invest in it. so more people will believe because the government also put the same thought by regulating bitcoin.
There is a market for private cryptos. Monero at the moment is leading, but Electroneum might catch up.
When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
Why not? If the government of countries has made rules that make disadvantageous for community of digital coins turn to monero is best choice or any other digital coins that has feature of anonymous and protect our privacy, bitcoin and some digital coins are like monero and Dash coin is very protect our personal data identity that's more important and i don't think there is related with financial freedom with protection the privacy, they are both different, what i know financial freedom is we will always get the income although we don't work. One thing about Monero and these other anonymous coins is, ok let's say someone sells a 1969 Corvette his grandpa had in the barn. He wants to sell for Monero so he can avoid taxes. His buddy is cool with that. That guy (if he doesn't have Monero already) has to go out on an exchange and buy it with fiat, and then when his buddy with the car gets his Monero, he has to change the 25000 back to fiat or keep it in Monero and be limited in how he can spend it. So he's gonna still have to pay taxes on it one way or another. Like (illicit use example) it'd be cool for buying some weed for the buyer, but if the seller was ever gonna get ahead and buy anything, he's gonna get taxed when he cashes it in and deposits to his bank account. The anonymity is cool, but I don't see where the government is really getting ripped off on the taxes, as a matter of fact, in that example they're getting taxes on a transaction that normally (with cash) there would be no taxes. So maybe the government will actually be cooler about it then people are speculating.
Taxes should be ways paid, or countries where you live cant work. Yes, countries will need to adjust its fiscal policy in the near future. The point of Monero is that is fungible. That means that every Monero is worth same as any other. Like Gold is fungible. Also that your buyer or seller cant see how much money you have. Imagine you go on vacations somewhere and buy your family a diner and waiter in that restaurant uses blockchain analysis and see you are actually a multimillionaire. Dont you think it could give him an idea to kidnap you or one of your family to try to get ransom? Transparent blockchains are way to dangerous to be used widely.
maybe yes maybe not, there are a lot of coins out there. the price of monero on this morning is great. I do not think investors will keep their money in just one coin. if I have enough funds, I want to buy some monero coin to be hold . 
I dont think people will turn to Monero, yes there are many altcoins. So I dont think users will just into use of monero because there are other altcoins with great potential. Though Im interested monero but as most traders they will look for other altcoin that bring to them a huge profit. 
Yeah, a lot of people intrested on totall anonymity, that's why this coin increase in price and the intrested always growing for it, and other altcoins which have anonymous blockchain have the same popularity from investors
Adjustability bitcoin does not mean that users will reset the adjustable bitcoyne and switch to altos, such as monero. Adjustability first of all means the stability of relations and protection of the owner bitkoin in case of violation of his rights. Therefore, people will continue to invest in bitcoin and that it will become regulated.
Monero is a promising coin with a good future and the confidentiality of its transaction. However, there are many good altcoys now.
Monero is a promising coin with a good future and the confidentiality of its transaction. However, there are many good altcoys now.
One thing about Monero and these other anonymous coins is, ok let's say someone sells a 1969 Corvette his grandpa had in the barn. He wants to sell for Monero so he can avoid taxes. His buddy is cool with that. That guy (if he doesn't have Monero already) has to go out on an exchange and buy it with fiat, and then when his buddy with the car gets his Monero, he has to change the 25000 back to fiat or keep it in Monero and be limited in how he can spend it. So he's gonna still have to pay taxes on it one way or another. Like (illicit use example) it'd be cool for buying some weed for the buyer, but if the seller was ever gonna get ahead and buy anything, he's gonna get taxed when he cashes it in and deposits to his bank account. The anonymity is cool, but I don't see where the government is really getting ripped off on the taxes, as a matter of fact, in that example they're getting taxes on a transaction that normally (with cash) there would be no taxes. So maybe the government will actually be cooler about it then people are speculating.
Taxes should be ways paid, or countries where you live cant work. Yes, countries will need to adjust its fiscal policy in the near future. The point of Monero is that is fungible. That means that every Monero is worth same as any other. Like Gold is fungible. Also that your buyer or seller cant see how much money you have. Imagine you go on vacations somewhere and buy your family a diner and waiter in that restaurant uses blockchain analysis and see you are actually a multimillionaire. Dont you think it could give him an idea to kidnap you or one of your family to try to get ransom? Transparent blockchains are way to dangerous to be used widely.
Monero haven't gained the time importance among the common users. This has been used as an pairing trading asset with bitcoin. Already bitcoin us functioning in a regulated manner. We cannot deny that it is completely unregulated. Based on the necessity changes will take effect on the regulations. Based on this very few might switch to monero, that too now impossible considering the price increase taking place with bitcoin.
Probably yes. Monero is one of my coins. I have MAnero.
When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
Well, the bitcoin network itself can never be regulated by an external entity .The rules are hardcoded into the open source software, and the only regulation that could happen is regulation in terms of buying and selling of bitcoin.
And of course there is the worry of tainted pieces of BTC being tracked by the government, and monero/zcash etc. eliminates that loophole, essentially.
I'd say buy Monero as a hedge against this event, but don't go all in with it.
Firstly, I do not think bitcoin can be regulated! User of bitcoin that buy bitcoin from govrrnment regulated third party will be regulated along with their service provider. Monero's market is anonymous and is quite different from bitcoin
maybe yes maybe not, there are a lot of coins out there. the price of monero on this morning is great. I do not think investors will keep their money in just one coin. if I have enough funds, I want to buy some monero coin to be hold .
The added privacy makes it one of the best coins to actually use as money. I still find it to be among those that are mostly good for people making larger transactions, given the relatively large fees transacting with it involve.
Are there many competing coins in the privacy sector / area?
There are other anonymous coins which probably are safer and less traceball, I've read monero has some controversial issues...
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