you could do it if what you want is to conserve value and have it as a saving for the future but if you want to keep more and more profits, the best would be bitcoin
Topic: Exchanges (Read 328 times)
Ye I think if its literally just stability you are after its probably better to invest in a stable coin. Probably not USDT either I have my suspicions with them
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
It depends on your decision but if you will take some advice I suggest you to stay with bitcoin if you could, However, as we see monero's volatility is quite good, not almost good, or the best thing to so is to have both, this two is good for long term, especially bitcoin that has greater potential than monero. Therefore that is just an advice it's up to you mate.
Better for him to find more good source if monero will be good for him to be hold since we all know that this coin is on stable and I never see any movement nor huge ATH pump came. But if he want to do an one time exchange for animosity matters then monero will be perfect to be used since the feature is so good.
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
From the shortcomings of the monero, one can say that the anonymity of payments is not always used for good, so the authorities can consider such a cryptoactive agent suspicious.and it threatens the prohibition !!!
You won't find your standard address on the blockchain. Every single output is its own one time address, there is no choice about it (as opposed to Bitcoin, where address reuse is discouraged, but commonplace, and easy to do).
Ring signatures allow transactions to be ambiguous about which outputs are spent, since any one of the N inputs in a ring signature appears to be a possible candidate.
Once RingCT is merged, transaction amounts will be fully obscured (they currently are ambiguous due to the split by denominations). Bitcoin amounts are in the clear (but may not be in the future, if CT gets merged to Bitcoin).
Auditability is based on voluntary disclosure of, depending on the task at hand, the private view key (allows a third party to see all your income, but not your spends, nor spend anything), the per tx keys (allows a third party to ascertain whether you did send a tx, as well as the amounts sent - useful for arbitration is someone claims you have not paid them), and signed key images (allows someone with your view secret key to determine which outputs of yours were spent, and which were not - essentially, your outgoings, also proof of reserves - but not where they were spent).
With Monero, nobody can see your balance from looking at the blockchain.
Ring signatures allow transactions to be ambiguous about which outputs are spent, since any one of the N inputs in a ring signature appears to be a possible candidate.
Once RingCT is merged, transaction amounts will be fully obscured (they currently are ambiguous due to the split by denominations). Bitcoin amounts are in the clear (but may not be in the future, if CT gets merged to Bitcoin).
Auditability is based on voluntary disclosure of, depending on the task at hand, the private view key (allows a third party to see all your income, but not your spends, nor spend anything), the per tx keys (allows a third party to ascertain whether you did send a tx, as well as the amounts sent - useful for arbitration is someone claims you have not paid them), and signed key images (allows someone with your view secret key to determine which outputs of yours were spent, and which were not - essentially, your outgoings, also proof of reserves - but not where they were spent).
With Monero, nobody can see your balance from looking at the blockchain.
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
It depends on your decision but if you will take some advice I suggest you to stay with bitcoin if you could, However, as we see monero's volatility is quite good, not almost good, or the best thing to so is to have both, this two is good for long term, especially bitcoin that has greater potential than monero. Therefore that is just an advice it's up to you mate.
As for me, the best exchange was and remains the Binance. It has its own blockchain, it constantly adds new coins and it is possible that it will introduce the input and output of ordinary money.
Eh, it's obviously up to you but it sounds to me like people who keep changing lanes on the highway during a traffic jam (and like in the beginning of the movie Office Space). As soon as you switch, the lane you left starts to move.
Bitcoin is notoriously volatile, but if it helps you sleep better at night, go for the Monero. I've never owned that particular coin.
Also, I've used Changelly before, and it's super easy to switch from one coin to another. A lot of the other exchanges that deal with Monero, I'm not so sure about their credibility.
Bitcoin is notoriously volatile, but if it helps you sleep better at night, go for the Monero. I've never owned that particular coin.
Also, I've used Changelly before, and it's super easy to switch from one coin to another. A lot of the other exchanges that deal with Monero, I'm not so sure about their credibility.
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
If you want stability probably your only option is to buy tether, however if that is what you want to do then what is the point of buying cryptocurrencies, keep your fiat instead, so if you really want to invest in a cryptocurrency that mostly depends on the supply and demand of the market then there is no better coin than bitcoin, no altcoin is more stable and we should not expect that to change soon. 
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
You should do your own research. All crypto's are volatile and subject to risk. If I were you I will stick to bitcoin but if you really like monero then you can have both since monero is also my choice with altcoins.
The whole market is volatile and if OP have noticed by now, monero is not exempted, so do not think it is a move that would even pay us at all. If he wants to do that, he knows what he is doing and he wish to buy lower, then he would be better off doing it with fiat or using the equivalent such as USDT or TUSD. With that, he can at least he have fiat to buy back when the market gets lower.
Why Monero seems its the only coin that is booming or has a constant green in coinmarketprice is because it is constantly used in the dark web. Do you know the amount of coins that are purchased daily in dark web for buying illegal products? That a coin is constant green does not make it a perfect coin. And I doubt if Monero will ever beat Bitcoin in becoming a top coin.
Monero only did slightly better (or rather, did not slide as badly) than Bitcoin, actually. More than 90% of other alts did worst when compared to previous ATHs. So in chiefly crypto terms, Bitcoin certainly is the hedged bet.
In recent times, I come up with some interesting reading on commodity trading but hedging is not recommended with commodity trading by few of my friends due to unpredictable trends of most of commodities. Few commodities like crudeoil and corn are still in favorite list of hedge type of trading as per them.
Dollar, pound sterling, euro. They're all decent hedges against crypto for pure money perspective. The Swiss franc is also the traditional non-volatile currency, cept for the three/four years back when they took off their basket peg.
Hedging not recommended by commodity traders? Things must have really changed...
Depends what youre looking for, Bitcoin is more volatile but that can also lead to higher margins of earning.
Not just bitcoin, all the cryptocurrency market is volatile and if the OP wants to hedge, then he should do it with USD. Also, to be asking such a question totally shows he is not very knowledgeable in this scene and would be better off holding his bitcoin than making a terrible mistake. It is one thing to want to opt out to buy lower, it is another thing to know what you are doing, and if you do not, you may just end up losing out a lot.In recent times, I come up with some interesting reading on commodity trading but hedging is not recommended with commodity trading by few of my friends due to unpredictable trends of most of commodities. Few commodities like crudeoil and corn are still in favorite list of hedge type of trading as per them.
Dollar, pound sterling, euro. They're all decent hedges against crypto for pure money perspective. The Swiss franc is also the traditional non-volatile currency, cept for the three/four years back when they took off their basket peg.
Hedging not recommended by commodity traders? Things must have really changed...
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
To be quite honest I am sure that BTC is less volatile than Monero. Yes you may watch the short term charts and simply say that, however you must know that BTC will always be more stable since it has more market cap and with that less chance to get played around with. Monero has 45times smaller market cap and that simply means it can be manipulated 45 times easier by large investors. That is exacly why we avoid putting our money into sub 200mil worth coins.
If it is security you are looking for than you shouldnt be in crypto. If you are looking least risky coin it is definetly the one who has biggest market cap - Bitcoin.
BR.
Not only monero all the cryptos are volatile in nature, we must know that how the price changing in every hour and day. If you find coins have potential dumped in the market. We need to buy those kind of coins to get the profit.
If you want to invest on any coins that time nothing matter here but when converting it back to changing for fiat cash you need to change as bitcoin only. No ethereum or other coins.
Depends what youre looking for, Bitcoin is more volatile but that can also lead to higher margins of earning.
Not just bitcoin, all the cryptocurrency market is volatile and if the OP wants to hedge, then he should do it with USD. Also, to be asking such a question totally shows he is not very knowledgeable in this scene and would be better off holding his bitcoin than making a terrible mistake. It is one thing to want to opt out to buy lower, it is another thing to know what you are doing, and if you do not, you may just end up losing out a lot.In recent times, I come up with some interesting reading on commodity trading but hedging is not recommended with commodity trading by few of my friends due to unpredictable trends of most of commodities. Few commodities like crudeoil and corn are still in favorite list of hedge type of trading as per them.
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
To be quite honest I am sure that BTC is less volatile than Monero. Yes you may watch the short term charts and simply say that, however you must know that BTC will always be more stable since it has more market cap and with that less chance to get played around with. Monero has 45times smaller market cap and that simply means it can be manipulated 45 times easier by large investors. That is exacly why we avoid putting our money into sub 200mil worth coins.
If it is security you are looking for than you shouldnt be in crypto. If you are looking least risky coin it is definetly the one who has biggest market cap - Bitcoin.
BR.
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
To be quite honest I am sure that BTC is less volatile than Monero. Yes you may watch the short term charts and simply say that, however you must know that BTC will always be more stable since it has more market cap and with that less chance to get played around with. Monero has 45times smaller market cap and that simply means it can be manipulated 45 times easier by large investors. That is exacly why we avoid putting our money into sub 200mil worth coins.
If it is security you are looking for than you shouldnt be in crypto. If you are looking least risky coin it is definetly the one who has biggest market cap - Bitcoin.
BR.
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
You should do your own research. All crypto's are volatile and subject to risk. If I were you I will stick to bitcoin but if you really like monero then you can have both since monero is also my choice with altcoins.
http://fortune.com/2018/02/06/bitcoin-stock-volatility-vix-sec/
Bitcoin Is Less Volatile Than Stock Market Volatility Index
Bitcoin Is Less Volatile Than Stock Market Volatility Index
I'm wondering if it's worth exchanging Bitcoin to Monero for security as Bitcoin is quite volatile and monero seems less so. Any advice would be appreciated.
Every cryptocurrency is always been volatile but somehow monero do have a steady or small range movements when it comes to its price which isnt surprising.Bitcoin would always have the volatility considering on the activity involvement where traders do on every basis. Buying and selling for profits is always present which its considerable to think on that price movements is obvious.Its your choice if you convert to monero though. 
Depends what youre looking for, Bitcoin is more volatile but that can also lead to higher margins of earning.
when we are able to take advantage of instability it becomes an advantage and convert it into trading success, I think there is no harm because bitcoin still has a very good future. and become a risk when moreno decreases as bitcoin prices rise. because sometimes it happens like that. Jump to: