Home Altcoins News Should you Buy Monero (XMR) Instead of Bitcoin (BTC)?

Should you Buy Monero (XMR) Instead of Bitcoin (BTC)?

Should you Buy Monero (XMR) Instead of Bitcoin (BTC)

Vanessa Harris expressed:  I’m starting to feel like I should be buying Monero instead of Bitcoin. (I Say “Bitcoin”, I mean “NFTs”)

Irrevocability and true ownership is extremely valuable, even if it is difficult to keep transactions anonymous.

Nam Sardar Expressed:  I think a lot of people are thinking this right now. ” Monero is what bitcoin noobs thought they bought.” – Dr. Daniel Kim.

In a war you don’t pick the second-best weapon, you defend yourself with the best. Needless to say, Monero is the 1 cryptocurrency you should be holding. Besides crypto, here are the best privacy tech tools at your disposal.

Community Response:  Nah, just buy NON-KYC Bitcoin from somewhere like BISQ (or mine BTC) and self-custody using privacy best practices. Or coinjoin your existing bag with whirlpool and use a wallet with coin control going forward.

  1. NONE of those things will give you actual privacy, your underestimating modern chainalysis abilities. 2. You will probably be picking up tainted coins 3. Non-kyc bitcoin will soon be stigmatized 4. Mass adoption will NEVER work this hard 5. Monero, Dero, Arrr superior.

Use Monero. Buy whatever you want. Use Monero to buy then no one knows you spent all your money on monkeys.

 

I have been putting off getting into Monero. Now I am planning on starting a Monero stack this week.

 

Transacting in private, nobody knowing how much Monero you got stored and what you buy with it is a great feeling because you can’t trace it on the blockchain.

 

Isn’t Monero vulnerable to 51% attack atm? It was for a bit, the community shuffled hash power to resolve this.

 

Buy Bitcoin and crypto when nobody is talking about it, sell when everyone is talking about it

 

I think that Bitcoin is a far better buy especially now when it is selling at such a big discount to the price at which it will be trading in another six months or a year.

 

XMR is much better utility wise than BTC if I’m being blunt.  If it seems to good to be true, it probably is.  You need to put in serious money. If you can’t handle putting $10K on the line you’re NGMI. Never trade obvious scams.

 

There’s no such thing as guaranteed returns. Everything carries risk. Anybody who says otherwise is lying.  Know when to cut your losses, otherwise you might be holding to 0.  Avoid leverage like the plague. Will not explain.  Be contrarian. Think and do the opposite.

 

Bull markets are the worst time to start buying.  Sell anything you hear your co-workers discuss. It’s over.  Use a stop loss.  Take some profit along the way.  But don’t buy a Lambo or a Rolex.  Cash is a position.

 

Don’t put all your eggs in one basket. Hold different cryptos on multiple exchanges, hot and cold wallets, farm on different platforms across several chains. Never go all-in. Always have enough to feed and take care of yourself if everything goes to drain.

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Steven Anderson

Steven is an explorer by heart – both in the physical and the digital realm. A traveler, Steven continues to visit new places throughout the year in the physical world, while in the digital realm has been instrumental in a number of Kickstarter projects. Technology attracts Steven and through his business acumen has gained financial profits as well as fame in his business niche. Send a tip to: 0x200294f120Cd883DE8f565a5D0C9a1EE4FB1b4E9

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