Will people be taking profits in Monero now?

KimmyF

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Quote from: Why you bully me on May 12, 2021, 07:40:55 AM

I think people want to keep their money private more and more these days. A lot of people putting profit in BTC or there native fiat currency but will we be seeing it being put into Monero instead?

Monero is completely private by default and fungible. It has DEX coming with also atomic swaps for BTC to XMR. While BTC is on a public ledger forever will this be putting people off putting profit on BTC coming future? It would make sense putting profits and earnings in a completely private place like Monero.

Am I missing something? I just see this the best case in every way.

We want to show and share our favorite altcoin. I know Monero transaction is more secure than Bitcoin, but a new era is coming where our demand is changing. We need more than private transactions in one altcoins. Bullrun trend is changing one to another, buying Monero gold won't pump before 3rd quarter finishes. Rather, I move my profit to another altcoins where volume is high and price low.

zasad@

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Monero will always be in demand due to its large community and a large number of good developers.
The demand for these coins has been growing since the pumps. I would invest part of the funds in this coin, but in 1 year its price increased 6.5 times
https://www.coingecko.com/en/coins/monero
This is not the best indicator for today.

bitgolden

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Quote from: Why you bully me on May 12, 2021, 07:40:55 AM

I think people want to keep their money private more and more these days. A lot of people putting profit in BTC or there native fiat currency but will we be seeing it being put into Monero instead?

Monero is completely private by default and fungible. It has DEX coming with also atomic swaps for BTC to XMR. While BTC is on a public ledger forever will this be putting people off putting profit on BTC coming future? It would make sense putting profits and earnings in a completely private place like Monero.

It is the same with every single thing, it is not simply just monero or any other specific coin, it is same with every single coin. If the market goes up then it all goes up and if market goes down it all goes down.

It means if people take profits from monero that means they will take profit from other stuff as well, if people do not take profits and keep on buying monero that means they will do the same with other coins as well. Do not see crypto as a different thing, sure bitcoin versus altcoins sometimes are different but if you remove bitcoin from the question and just say altcoins, they almost always do the same thing.

I am not saying that it will always do the same amount of increase, sometimes one of them goes 10% higher while other does 2x but if they go up they go up and that is what the market does. That is why I do not see monero doing anything different than the general altcoin market.

blockman

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For Monero believers, you expect that there really are people putting their profits in monero instead of bitcoin. But it's all about the decision that these people are doing. If they think that it's more worth it to put it in monero then no one can stop them. And if they have an idea that it's a good option to have it both for btc and monero then that's also a good idea. The strategies that we're coming up with depends to our taste in the market and as well as to the chosen cryptocurrencies that we made. In all of this, Monero is one of the best coins out there and still the most popular privacy coin that we have.

Zotak337

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People who need the privacy features available on Monero chain will have no choice but to use the coin but not everyone wants to cover their tracks for example me, I don't have the reason to for now but if that needy comes some day then it's certain I will use Monero

jrrsparkles

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Quote from: Why you bully me on May 12, 2021, 07:40:55 AM

I think people want to keep their money private more and more these days. A lot of people putting profit in BTC or there native fiat currency but will we be seeing it being put into Monero instead?

Monero is completely private by default and fungible. It has DEX coming with also atomic swaps for BTC to XMR. While BTC is on a public ledger forever will this be putting people off putting profit on BTC coming future? It would make sense putting profits and earnings in a completely private place like Monero.

Am I missing something? I just see this the best case in every way.

Complete privacy of the coin made it to be delisted from some exchange and people who like to invest on BTC never going to choose monero as an alternative, all they do is to invest on BNB or Doge like coins.

Monero community are here for real privacy and profit minds may not work in that coin.

Why you bully me

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Quote from: Febo on May 12, 2021, 12:14:07 PM

Quote from: Why you bully me on May 12, 2021, 07:40:55 AM

I think people want to keep their money private more and more these days. A lot of people putting profit in BTC or there native fiat currency but will we be seeing it being put into Monero instead?

Monero is completely private by default and fungible. It has DEX coming with also atomic swaps for BTC to XMR. While BTC is on a public ledger forever will this be putting people off putting profit on BTC coming future? It would make sense putting profits and earnings in a completely private place like Monero.

Am I missing something? I just see this the best case in every way.

I believe parts of profit to store in Monero. Biggest value of Monero is when you use it. If you buy it and hold 10 years that way is almost same as if you bought Bitcoin and have it in your wallet. Yes it changes 10 years from now when you will try to spend those BTC. People are not that far sighted.

I thought it would be far superior to have it in xmr as its completely private and fungible unlike bitcoin.

Febo

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Quote from: Why you bully me on May 12, 2021, 07:40:55 AM

I think people want to keep their money private more and more these days. A lot of people putting profit in BTC or there native fiat currency but will we be seeing it being put into Monero instead?

Monero is completely private by default and fungible. It has DEX coming with also atomic swaps for BTC to XMR. While BTC is on a public ledger forever will this be putting people off putting profit on BTC coming future? It would make sense putting profits and earnings in a completely private place like Monero.

Am I missing something? I just see this the best case in every way.

I believe parts of profit to store in Monero. Biggest value of Monero is when you use it. If you buy it and hold 10 years that way is almost same as if you bought Bitcoin and have it in your wallet. Yes it changes 10 years from now when you will try to spend those BTC. People are not that far sighted.

Why you bully me

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Quote from: GeorgeJohn on May 12, 2021, 08:08:33 AM

Quote from: Why you bully me on May 12, 2021, 07:40:55 AM

I think people want to keep their money private more and more these days. A lot of people putting profit in BTC or there native fiat currency but will we be seeing it being put into Monero instead?

Monero is completely private by default and fungible. It has DEX coming with also atomic swaps for BTC to XMR. While BTC is on a public ledger forever will this be putting people off putting profit on BTC coming future? It would make sense putting profits and earnings in a completely private place like Monero.

Am I missing something? I just see this the best case in every way.

Nobody that will not like hold he or her coin, because looking at what's is happening in cryptocurrency world, it's obvious that any cryptocurrency now is valid and people is liking the situation of selling their coins they hold for reference purposes, not only monero people are making profit, so many coins are there growing every 24 hours, right now people that did airdrop in 2018 are making numerous profits currently, do not emphasis on one coins.

huh? I said putting profits into monero not out lol.

GeorgeJohn

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Quote from: Why you bully me on May 12, 2021, 07:40:55 AM

I think people want to keep their money private more and more these days. A lot of people putting profit in BTC or there native fiat currency but will we be seeing it being put into Monero instead?

Monero is completely private by default and fungible. It has DEX coming with also atomic swaps for BTC to XMR. While BTC is on a public ledger forever will this be putting people off putting profit on BTC coming future? It would make sense putting profits and earnings in a completely private place like Monero.

Am I missing something? I just see this the best case in every way.

Nobody that will not like hold he or her coin, because looking at what's is happening in cryptocurrency world, it's obvious that any cryptocurrency now is valid and people is liking the situation of selling their coins they hold for reference purposes, not only monero people are making profit, so many coins are there growing every 24 hours, right now people that did airdrop in 2018 are making numerous profits currently, do not emphasis on one coins.

Why you bully me

member

Activity: 148

Merit: 13

I think people want to keep their money private more and more these days. A lot of people putting profit in BTC or there native fiat currency but will we be seeing it being put into Monero instead?

Monero is completely private by default and fungible. It has DEX coming with also atomic swaps for BTC to XMR. While BTC is on a public ledger forever will this be putting people off putting profit on BTC coming future? It would make sense putting profits and earnings in a completely private place like Monero.

Am I missing something? I just see this the best case in every way.

Topic: Will people be taking profits in Monero now? (Read 106 times)