[2016-08-15] What is Monero and is it a Good Investment?

[btc_manager]

Given the recent interest shown toward Dash, Monero is another cryptocurrency that could see heightened appeal. Whereas Dash is based on the code underlying Bitcoin, Monero is not based on the bitcoin protocol but instead the CryptoNote protocol. One time keys are used for each individual payment to make transactions unlinkable and the focus on privacy, which may resonate with a large number of individuals and see Monero's popularity surge.

Read more here: https://btcmanager.com/news/what-is-mon ... nvestment/

[BitcoinNewsMagazine]

Monero is a tough coin to trade because there are whales that can manipulate the price at will. Right now the price is about .0037 XMR/BTC which I consider overbought and time for a correction. The price to watch is .00422 which is the most recent swing high. XMR could go nuts if that high is taken out on volume, so I would wait for that and then buy on a pullback. Monero is not really an investment more a speculation. It has great utility in anonymizing bitcoin.

[lethos3]

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