Why you should consider investing in/using Monero (XMR)

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by Mgtow Matt, Jan 1, 2018.

Why you should consider investing in/using Monero (XMR)
  1. Unread #1 - Jan 1, 2018 at 2:58 PM
  2. Mgtow Matt
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    Why you should consider investing in/using Monero (XMR)

    Price on Jan 1st 2018 according to Coinmarketcap: $348.10
    Circulating Supply: 15,546,731 XMR (Capped at 18.4M and 0.3 per minute after that)

    A great article for beginners: What is Monero? The Ultimate Beginners Guide - Blockgeeks

    Privacy in transactions is becoming more valuable every single day. Monero is the king of privacy due to the tech behind it and so far no other cryptocurrency has been able to compete. A lot of people seeking the privacy aspect of crypto got really hurt with verge failing to meet deadlines and the leak of IP addresses. Monero is an attractive alternative. Monero is popular for dark web transactions due to the private nature of the coin.

    -Monero is private (no one will know how much you send or how much is in your wallet)
    -Monero is virtually untraceable (Stealth addresses, Ring Signatures, Korvi and I2P to be released)
    -Confidential Addresses
    -Faster transaction speed than Bitcoin
    -Monero has been around since April 2014.

    The tech behind Monero is steadily improving (Korvi release soon) and I believe that Monero is undervalued right now compared to other coins on the market that don't do the job nearly as well. Complete privacy with cryptocurrency will be a valuable thing as more money floods into the market.

    The main problem currently with monero are that because of the complicated tech behind XMR the average non-tech savvy person may find it difficult to store monero offline without popular methods like Exodus or Ledger/trezor support. There are multiple devs working on Ledger support and it is expected to be released in 2018. Don't worry! When support does come out you can expect more people to use XMR.

    Monero is easily interchangeable with other crypto with services such as shapeshift.io and evercoin.com.
    Monero is gaining some mainstream attention with artists in the music industry such as Mariah Carey and G Easy accepting Monero as a payment option. G-Eazy, Mariah and More to Sell Albums for Monero - CoinDesk

    The easiest way to get started with Monero (XMR) today is to use mymonero.com which will generate a wallet with private keys for you immediately. These private keys act as your password for your online wallet so don't lose them!

    There is a ton of room for growth with the king of all privacy coins. There are a lot of predictions where the price will be - I've seen reasonable predictions on charts that are as high as $2,000+ in 2018.
     
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  3. Unread #2 - Jan 1, 2018 at 9:28 PM
  4. Mgtow Matt
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    Why you should consider investing in/using Monero (XMR)

    Currently sitting at $385 on coinmarketcap. 10% in a day, not bad. Lucky call??

    Right in time for tax season too ;)
     
  5. Unread #3 - Jan 1, 2018 at 9:48 PM
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    Why you should consider investing in/using Monero (XMR)

    Last edited: Jan 1, 2018
  7. Unread #4 - Jan 2, 2018 at 5:12 AM
  8. Godzhell
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    Godzhell Formerly known as Gold247
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    Why you should consider investing in/using Monero (XMR)

    I agree, one of the best privacy coins. And still alot growth potential.
     
  9. Unread #5 - Jan 7, 2018 at 10:56 AM
  10. Mgtow Matt
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    Why you should consider investing in/using Monero (XMR)

    Price update from coinmarketcap:
    $472.25 USD (12.39%)

    $130 gain per coin in 1 week
     
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