Topic: Will Monero Be The Best Investment In 2020? - page 2. (Read 456 times)
I believe in Monero and It’s the best long term hold out there because of it's unique use case. There is nothing else that comes close in terms of full privacy. If you want to get out of Crypto and taxes aren’t your thing, you convert it all to Monero and sell on localmonero and nobody will be able to track anything you did. Further, remember all cryptocurrencies should be understood as long-term speculation. If you believe, as I do, that Monero have a good chance to appreciate rapidly against fiat currencies due to their intrinsic properties, then buy it now.
This year many altcoins can be the best investment! Right now Dash is pumping good, as XMR is the best privacy coin, it's just matter of time for Monero to increase in price! Personally, I am not holding any privacy coins right now, but this year I have a plan to buy XMR and DASH! Bitcoin price looks very positive at this moment, whenever a bull run comes to Bitcoin, that will happen in MONERO too! So, a great year is ahead for the Monero investment!
Can't say about the best one. But it surely is a good crypto to have in your portfolio.
We don't know about where the regulations would go in 2020 and what would be the response of governments towards crypto.
Whatever the situation be, Monero is here to stay. It would even prosper in a restrictive time as it has greater degree of anonymity and if used in correct way, the transactions are untraceable.
We don't know about where the regulations would go in 2020 and what would be the response of governments towards crypto.
Whatever the situation be, Monero is here to stay. It would even prosper in a restrictive time as it has greater degree of anonymity and if used in correct way, the transactions are untraceable.
I don't think monero will be the best investment of 2020, that is a pretty hard statement to beat anyway.
It will probably be a good investment, I remember the time where Monero was still under 2$ and reading about Monero on this forum, I was sold and started investing in it to.
People here where right about it and it turned about to be a very good investment, the wallet was still very hard to use for a person that didnt know much about pc's, It looked like a simple Ms-Dos window and there werent any advanced wallets out yet.
Now the wallets are more advanced and are easy to use for most people which is a good thing.
I think privacy coins will always have a use, especially with the darkweb markets, and criminals that want to send money in secret.
We will see what monero does in 2020!
It will probably be a good investment, I remember the time where Monero was still under 2$ and reading about Monero on this forum, I was sold and started investing in it to.
People here where right about it and it turned about to be a very good investment, the wallet was still very hard to use for a person that didnt know much about pc's, It looked like a simple Ms-Dos window and there werent any advanced wallets out yet.
Now the wallets are more advanced and are easy to use for most people which is a good thing.
I think privacy coins will always have a use, especially with the darkweb markets, and criminals that want to send money in secret.
We will see what monero does in 2020!
Monero is a good privacy coin but many new privacy coins have surpass monero, these coins have better stealth mode and better privacy features, the best one on my mind is veil coin and Apollo currency which i feel it will do better than old privacy coins
I disagree with this point, can you name some of the many privacy coins that have surpass Monero? The only privacy coin outhere that is competing with Monero interms of privacy is Zcash, the rest are jokes. Just look at Beam and Grin recently, the both failed to gain traction. To me Monero is very dark coin and lack of good marketing team like that of Dash and Zcash is affecting its price.
Monero used to be one of the best coin when it comes to privacy and honestly Monero and waves got so much of hype at one point of time we thought they will find their spot in top 5 coins but it all vanished and now I don't think Monero stands a chance for comeback due to competitors with similar projects.
Monero will always be a good investment even in bear market it still perform well in terms of trading it. But since there are already plenty of altcoins and many were considered top, we can't tell yet whether it will get again a chance like it did perform. But having it as an investor short term trading and long term holding is what I still consider safer than the other altcoins.
Monero used to be one of the best coin when it comes to privacy and honestly Monero and waves got so much of hype at one point of time we thought they will find their spot in top 5 coins but it all vanished and now I don't think Monero stands a chance for comeback due to competitors with similar projects.
Well!! Did you know? One of the altcoin called monero has gained so much popularity in the crypto market, as it is showing the best signs in the market.
Several cryptocurrency experts assume that monero has the ability to show its potential in the crypto market.
According to crypto expert monero price will rise high in the coming days.
https://coinpedia.org/information/xmr-monero-price-prediction/
Let me know your point of view on this?
Maybe, because very soon after countries start releasing their digital currencies many will start patronizing privacy coins, few privacy coins are more secured than monero and most darkweb users who want things safe from preying eye uses monero instead of bitcoin Several cryptocurrency experts assume that monero has the ability to show its potential in the crypto market.
According to crypto expert monero price will rise high in the coming days.
https://coinpedia.org/information/xmr-monero-price-prediction/
Let me know your point of view on this?
I believe in the project since first time I know about this coin, I share the same ideas of the team/coin and I support having this coin on my portfolio
XMR is the most known coin that is based on privacy, so it's the leader and another coins have to achieve XMR
XMR is the most known coin that is based on privacy, so it's the leader and another coins have to achieve XMR
Monero's official website got hacked a month ago : https://arstechnica.com/information-technology/2019/11/official-monero-website-is-hacked-to-deliver-currency-stealing-malware/
How can anyone trust Monero's Dev Team, when they can't even secure their own official website ?
Until an explanation has been provided on how hackers got access to Monero's official website in the first place, i would be very wary using Monero (especially their downloadable binaries).
Also Monero is just not used all that much with regards to transactions, which means it is failing its primary use case : https://bitinfocharts.com/comparison/transactions-bch-dash-ltc-zec-xmr.html
And last but not least, this is not a good way to boost confidence with investors : https://www.coindesk.com/moneros-fluffypony-steps-down-as-lead-maintainer-of-privacy-coin-project
How can anyone trust Monero's Dev Team, when they can't even secure their own official website ?
Until an explanation has been provided on how hackers got access to Monero's official website in the first place, i would be very wary using Monero (especially their downloadable binaries).
Also Monero is just not used all that much with regards to transactions, which means it is failing its primary use case : https://bitinfocharts.com/comparison/transactions-bch-dash-ltc-zec-xmr.html
And last but not least, this is not a good way to boost confidence with investors : https://www.coindesk.com/moneros-fluffypony-steps-down-as-lead-maintainer-of-privacy-coin-project
Dude... So weak...
Explanation about the hack: https://web.getmonero.org/2019/11/19/warning-compromised-binaries.html It was hacked for like 13 minutes, before it got noticed, pretty impressive imho...
That just describes the the hack itself, it does not describe how hackers got access to Monero's official website / Monero's closed off box.
Which is far more important to know. How did hackers compromised Monero's official website and download servers ? How did they get to Monero's closed-off box ?
https://www.reddit.com/r/Monero/comments/dyou81/psa_weve_posted_an_announcement_regarding_the/
One whole month has passed, surely its known by now how the breach occurred ? How long does it take to investigate a closed-off box ?
decentralized might be a thing in 2020 but from the looks of it, privacy coin does not have a bright future ahead because of strict rules coming from the government. what is the point of using privacy coin if the exchange and the government know how many transactions you are going to make and to whom are you going to send.
Monero is one of the potential coins that I have been holding for months. As for me, it has a huge capability to go more in that future. It has gained the trust of most users and it has shown its potential for years. I believe that it could go far just like other altcoins like Xrp, Ltc, and Eth and I have no doubt of that. Let's hope for the best because I know that monero will never fail us.
Maybe, but it is still entirely in doubtful analysis and I believe Monero still has a community or a supporter, given that some people sometimes maintain privacy. Monero is still needed and the problem is the regulation somewhere. If talking about the best investment, we should switch again to the mother, Bitcoin. Btc I think is less risk than Monero. Bitcoin will soon be in a surge, and is very influential on Alt, like in 2017.
Monero is a good privacy coin but many new privacy coins have surpass monero, these coins have better stealth mode and better privacy features, the best one on my mind is veil coin and Apollo currency which i feel it will do better than old privacy coins
Basically all privacy coins are built for certain advantages and certain things, so between old privacy coins and new privacy coins, they both have a plus in cryptocurrency.
I stopped being a fan of privacy coins after some exchanges delisted two of my privacy coin holdings due to regulatory concerns and order to delist. However, monero has been a huge project from onset, leading the privacy coins in nearly all ramifications. It's possible monero will be a good investment this year but I'm not ready to hold at the moment.
I will give a little opinion about Monero, currently the price of Monero has recovered at $ 57, the same as the price in October 2019, of course investors from that month will be a little relieved because it has returned capital, I think 2020 for monero should break the resistance of $ 63
In 24 hours the price of Monero has reached $ 68 and I think this is quite stable in a month later also the price of Monero touched $ 68 so there is no good increase for this XMR coin.
I am still not sure of the increase in the next few weeks because Monero is very slow when going up there is a market pump going on so it's better to hold a DASH coin than XMR.
Monero's official website got hacked a few months ago : https://arstechnica.com/information-technology/2019/11/official-monero-website-is-hacked-to-deliver-currency-stealing-malware/
How can anyone trust Monero's Dev Team, when they can't even secure their own official website ?
Until an explanation has been provided on how hackers got access to Monero's official website in the first place, i would be very wary using Monero (especially their downloadable binaries).
Also Monero is just not used all that much with regards to transactions, which means it is failing its primary use case : https://bitinfocharts.com/comparison/transactions-bch-dash-ltc-zec-xmr.html
And last but not least, this is not a good way to boost confidence with investors : https://www.coindesk.com/moneros-fluffypony-steps-down-as-lead-maintainer-of-privacy-coin-project
How can anyone trust Monero's Dev Team, when they can't even secure their own official website ?
Until an explanation has been provided on how hackers got access to Monero's official website in the first place, i would be very wary using Monero (especially their downloadable binaries).
Also Monero is just not used all that much with regards to transactions, which means it is failing its primary use case : https://bitinfocharts.com/comparison/transactions-bch-dash-ltc-zec-xmr.html
And last but not least, this is not a good way to boost confidence with investors : https://www.coindesk.com/moneros-fluffypony-steps-down-as-lead-maintainer-of-privacy-coin-project
Dude... So weak...
Explanation about the hack: https://web.getmonero.org/2019/11/19/warning-compromised-binaries.html It was hacked for like 13 minutes, before it got noticed, pretty impressive imho... If you want to FUD I can play that game too: https://thenextweb.com/hardfork/2019/07/15/mydashwallet-dash-cryptocurrency-hack-compromised-two-months/ A wallet that was endorsed by Dash's incompetent core team, 2 MONTHS unnoticed
Nr of transactions is steadily going up: https://bitinfocharts.com/comparison/monero-transactions.html
Lastly: FluffyPony stepped down "to further decentralize the project", something you off course wouldn't have any notion of
Very very pathetic attempt at fudding, this on a day you should be rejoycing the artificial pump of your favorite totally centralised and not private at all crypto...
I will give a little opinion about Monero, currently the price of Monero has recovered at $ 57, the same as the price in October 2019, of course investors from that month will be a little relieved because it has returned capital, I think 2020 for monero should break the resistance of $ 63
For now, the top coins must be stable at the market and the price has a great chance to increase because there are a lot of shit coin do release and there are a less token that are going to market. So that, it can cause by the price of other token to increase and they didn't use new token.
Whenever we talk about privacy based coin we recall Monero as it was the first. With its inception from 2014 till today a lot of new better players have emerged in the maket.
Why should I invest in a coin that has not been in the news for good reason? No future development news basically nothing positive about this coin and you still expect it to rise.
Ofcourse if Bitcoin surges all altcoin will, it is therefore better to invest in Bitcoin before halving or cheap altcoins to gain more profits.
Why should I invest in a coin that has not been in the news for good reason? No future development news basically nothing positive about this coin and you still expect it to rise.
Ofcourse if Bitcoin surges all altcoin will, it is therefore better to invest in Bitcoin before halving or cheap altcoins to gain more profits.
Whenever we talk about privacy based coin we recall Monero as it was the first. With its inception from 2014 till today a lot of new better players have emerged in the maket.
Why should I invest in a coin that has not been in the news for good reason? No future development news basically nothing positive about this coin and you still expect it to rise.
Ofcourse if Bitcoin surges all altcoin will, it is therefor better to invest in Bitcoin beofre halving.
Why should I invest in a coin that has not been in the news for good reason? No future development news basically nothing positive about this coin and you still expect it to rise.
Ofcourse if Bitcoin surges all altcoin will, it is therefor better to invest in Bitcoin beofre halving.
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