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[Yugocean]

"Monero" is a decentralized, private, fungible and untraceable cryptocurrency. It is open-source and accessible to all.

Launched in April 2014 under the name BitMonero, Five days later, the name was shortened to Monero after removing "Bit".

Monero is designed to be resistant to application-specific integrated circuit mining; it is available with Windows, MacOS, Linux and latest blockchain bootstrap.

Do you invest/use Monero?
What is your experience/review with it?

 

[LaviSR]

Started mining xmr via browser mining on my site, let's see how it goes. I also plan to use my PC to mine due to fact i can be done using CPU.

I have a problem finding a monero wallet, any suggestions? I would like avoid MyMonero wallet since it have massive negative feedback and reports about missing coins.

 

[Yugocean]

I too have read some negative feedback about mymonero wallet, yet MyMonero is operated and owned by Riccardo Spagni, a leading Monero developer. If Spagni is stealing Monero, then it's value will become 0.
Or download Monero desktop wallet from official monero site. There is another Monero GUI (graphical user interface) wallet; but it is not well supported in Windows.

 

[LaviSR]

Make sense but still more then a few reports about missing xmr, i will think about it more.

Tell me what do you think about building a rig for xmr? I know monero use CPU instead of GPU but is there a way to utilize GPU?

Can make a decent rig around 1k$ to weak for BTC, ETH and others but should be good for xmr.

 

[Yugocean]

Right now some wallets like Ledger and Trezor do not support Monero. So there are less choice. Yet there are plans to include Monero with their new upcoming versions.
Till then better is to use whatever is available, and sell to satisfied interested buyers.

 

[overcast]

This year a lot of people are going to invest into monero. and I am sure that it will take off eventually. this will make the currency more valuable than the bitcoin itself. so I'd say it's worth investing into. for now I'd say we have to chekc out how that works.

 

[Yugocean]

Monero is not much popular but have much investing, it is lower in rank when we compare to some others, however it's value always remains in hundreds of dollars. Recent market fall had an effect, but it remained over $100.

 

[BMF]

Monero is not much popular but have much investing, it is lower in rank when we compare to some others, however it's value always remains in hundreds of dollars. Recent market fall had an effect, but it remained over $100.

I was looking today on Coinmarketcap and Monero chart looks pretty good. Investing in at this time could end up after couple months as a very good choice. Still, the risk to lose your cash is there like in any other investment. Invest wisely!

 

[Yugocean]

Mymonero wallet is not quit safe and secure for more coins; while no other place expect Exchange platform have wallet which are not actually wallet. So I only claim from faucet, but not directly invest in monero.

 

[NoLimits15]

The price of Monero has been rising slowly since the past couple of days. It's now valued at $53.54 and has a total market capitalization of $940 million which increased by over $90 million. In terms of market capital, Monero jumped from 14th place to 12th place.

 

[hibi3454]

Oh thats some good news since most of the mining is done for Monero so that means mining Monero will become more common and can possible lead to more profitability hopefully

 

[KarthikP]

Monero has even more increased to $83 (current price) , almost 1.8x times higher than the price you have mentioned while creating this thread. This shows altcoins have great potential.

 

[Ewogboka]

Monero is also a good cointo invest on now, I see it and ripple to be trending coins that can pull surprise of bull rise anytime soon. I hope it will be added to luno coins for easy trading.

 

[1coffee]

Monero will reach $5000 in 2 years from now.

 

[Josemendez]

The price of Monero has been rising slowly since the past couple of days. It's now valued at $53.54 and has a total market capitalization of $940 million which increased by over $90 million. In terms of market capital, Monero jumped from 14th place to 12th place.

I have been following Monero for some time now , and with what I am seeing , it will rise more and up to $60 by the end of this year , the slow rising is because Mich people don't like the coin .

 

[Yugocean]

When price of monero was in $50s and $80s, it was not actually raise, in 2018 Monero remained over $100, so that price (under $100) was actually a fall and then returning.

Now Monero raised over $100 again, and is placed at 14th spot of the cryptocurrency ranking. This is Monero's corrent status in Coin Market -

 

[BullyMaguire]

Not really familiar with this coin that much, been in a few group of crypto people and when asked they're always saying monero is better to mine than btc. I can see why

 

[Yugocean]

Not really familiar with this coin that much, been in a few group of crypto people and when asked they're always saying monero is better to mine than btc. I can see why

Mining BTC is now impossible, monero mining is easy due to CryptoNight algorithm, it was more easy when it's value dropped below $100. Also monero can be mined in standard device.

 

[Wisdom01]

I have only invested in it once and that was when i wanted to trade altcoins ,so i think the price of xmr is more than $100 and i guess hopefully it will increase further in the future

 

[Yugocean]

Currently Monero is over $243,

Its value was decreased in Feb but started gaining again.
However, its ranking is dropped below 25, yet at 26 it is still strong.