Monero is a coin that was born in 2014, it uses the proof of work method and it is a coin that mainly advocates privacy in transactions and decentralization, I am very interested in investing in it lately, what do you think about Xmr (Monero)?
What you think about Monero?
- Thread starter riberet19
- Start date
Montero is a crypto with high level of privacy and that singular advantage makes it a favorite of cryptocurrency whales. But since last 6 months, Monero have been static and sluggish. I will like to buy Monero simply because of its stability .
- Thread starter
- #4
The good point about monero, apart from the fact that it is constantly in development, is that although it does not have a finite supply, fewer and fewer are generated, it does not have what we know as the halving effect, but it is also increasingly scarce.
Many faucet websites choose to pay their users with Monero so you could start building your portefolio with some monero but there is no a lot of sites accepting monero deposits.
- Thread starter
- #7
The problem later will be to sell monero when you want to, because very few exchanges accept it due to the number of illegal transactions that move with it, the best thing to do later would be to exchange it, atomic exchanges are already being developed from monero to bitcoin and also from monero to ethereum.
Monero is accepted by almost all exchanges, which one is not accepting it?
You can even exchange with others in P2P method.
I have read a lot of things about monero and I want to reckon that this type of cryptocurrencies is also one of those cryptocurrencies that are
very effective with lots of potentials.
very effective with lots of potentials.
- Thread starter
- #11
I have already been investing for a few days, it really seems to me that it is very undervalued and when the CBDCs arrive it will be in the eyes of many, do you invest in it?
I'm planning to snd I will invest in it Yesh this is one coin that is undervalued that people hardly noticed but I know that it has a very bright future
I'm planning to snd I will invest in it Yesh this is one coin that is undervalued that people hardly noticed but I know that it has a very bright future
Post automatically merged:
I'm planning to snd I will invest in it Yesh this is one coin that is undervalued that people hardly noticed but I know that it has a very bright future
Overall, Monero is a complex and powerful cryptocurrency with a range of potential benefits and risks. As with any investment, it's important to thoroughly research and understand the technology and market dynamics before investing in Monero or any other cryptocurrency.
- Thread starter
- #14
Thank you for sharing your vision about it, when I opened this post I was not investing in it yet but I see that many users have good eyes on it, more than anything because of the privacy issue, which is something that we should all worry about. given the world in which we live where we have less and less.
Monero (XMR) has embedded ring signatures so they are used more as a privacy transaction than as a hedge. If you buy Monero on the darkweb then the blockchain can't tell where the monero you got is from, but if you buy Bitcoin on the darkweb then the blockchain can tell the difference. According to my prediction, until the middle of this year, the price of Monero will strengthen above $ 170, but then it will decrease due to the bear market.
- Thread starter
- #18
If Monero is growing in adoption it is simply because many cryptocurrencies are becoming less decentralized and less private, while Monero remains true to its style and remains just as private or even more every day.
