XMR definitely has everything that's needed to be everyone's favorite altcoin. I guess, there's no need to mention the total anonymity of transactions in this private coin and its superior security. Monero has also been doing quite well on the profit-granting front, showing strong gains, as opposed to its competitors Dash and ZCash. Also, XMR has good resilience to the drops in the BTC price that usually exerts a direct impact on the entire cryptocurrency market.
I really think that XMR is a long-term hold. Privacy coins had their time in the sun, but they’ve become irrelevant since no one cares if you can hide your money. Everyone is focused on projects that are partnering with banks, not shunning them. Of course, there’s always a place for black market money, but investors aren’t going to park it in Monero. This is why the current valuation is either right where it should be or too high. Until privacy coins can see actual use, then there’s no reason to rush towards projects like XMR.
This is the place to park your money. The IRS along with every financial agency is going to try tax crypto like crazy. Once the market stabilizes, and the price stops moving so crazy I’ll put every cent i have into XMR. XMR is revolutionary because its the digtal age’s cash. Just as we put cash under our matress, we can stash our Monero into our digital wallet way from the eyes of blockchain analytics and the tax man.
Monero is the one privacy coin to watch now that the other anon coins have mooned. XMR has been down for a long time, and all if its charts from weekly to daily show that it's gearing up for a big move in the green. Besides network upgrades and a strong community, investment interest is rising for XMR. This is a smart coin to hold well into 2020.
XMR isn't that good of a privacy coin. It's not even fully private like Zcash and zk-SNARKs. XMR works by diss. tactics, which don't defend anyone from blockchain analysis methods. This means you're not actually anonymous when transferring funds on the XMR blockchain. If you really are trying to hide your funds, best to go through a zk-SNARKs level protocol. These will actually hide your funds and you won't have someone looking into your account. Blockchain snooping is on the rise and you can bet that all banks will start using them. Crypto taxes are soon going to go into effect so its best to put your coins somewhere safe.
So I just read that Monero has already been 90% mined. This means that the remaining XMR will be completely mined by the first half of 2022. This is huge news for anyone holding XMR at this point. All the XMR that will ever exist is coming to an end in a little over 2 years, and that's significant. Regardless of Crypto Winter, XMR hodlers will pull through with patience.
not all the exchanges bother with the restoration of funds lost in this way. I remember when I made my acquaintance with Monero, there were similar problems, but then I didnâ€™t know many exchanges, so I sat on one Cryptopy. Well, a friend transferred some monero to my wallet, and I made a fool to transfer to the exchange without an ID, but the exchange went to meet me and somehow I found a transaction
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