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Author Topic: Do you think people will turn to Monero?  (Read 1191 times)
StGermain (OP)
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November 28, 2017, 12:17:02 AM
 #1

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

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November 28, 2017, 12:24:03 AM
 #2

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

regulated have positive and negative impact too,,
a lot of people around the world want to buy bitcoin but, they want bitcoin being regulated first,, few of my friends said like that
so, if bitcoin being regulated bitcoin price will soar, i believe that
and why monero ?

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tukagero
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November 28, 2017, 12:27:19 AM
 #3

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
i dont think so, so much altcoins were on the market traders ,investors will not stick to only one altcoin. Maybe they will invest on monero but they will never put all thier money on the coin.

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November 28, 2017, 01:57:19 AM
 #4

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
I think it is possible that some are going to move to monero but most people are not that concerned about privacy as you may think, even if bitcoin becomes more regulated that does not means people are going to cooperate willingly, also if there is a group of coins that are going to be regulated are the anonymity coins since those are the ones that are on the radar of governments and security agencies.
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November 28, 2017, 02:26:35 AM
 #5

Unfortunately, privacy coins are a very niche market.
Actually, normal blockchain technology is fairly anonymous already, so those who want ultimate privacy are really looking for specific use cases.
Of course, the first things that spring to mind are all unsavory transactions: contraband, illegal goods, tax evasion, etc.
But not all use privacy coins for these things.

With that being said, I believe that monero is the best privacy coin out of all of them.
Dash has a higher market cap, but it is highly plagued by questionable development and acts.
There are coins out there with some really impressive features, like cloak coin, but monero has the ultimate benefit of being an established company with a trusted product.

With all of this in mind, I believe that monero still has a lot of room to grow.
The last couple of months it stabalized around 90 to $100, now, when the prices stabalize again I think it will keep above $100, then shoot towards $200 in the next bull run.

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November 28, 2017, 02:41:20 AM
 #6

Yes!

BTC itself started as an anonymous coin for the internet. And now XMR is the most anonymous coin here.

Black markets are already using XMR. Which gives it a go as a trusted and proved coin. To be used all over the internet.

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November 28, 2017, 08:12:17 AM
 #7

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

In spite of the fact that those Monero cost apparently need no top right now, it is obvious there will be a considerable measure for imperviousness on the charts pushing ahead. Afterward again, there are fewer XMR On circulation compared with bitcoins, which Might yield exactly intriguing result in the future.

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November 28, 2017, 11:52:58 PM
 #8

What about Zcash? It is going really high in price

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November 28, 2017, 11:55:15 PM
 #9

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

Regulation in regards to Bitcoin is the single most foolish thing people like to bring up. Can governments and banks, people in power restrict the sale/use etc of Bitcoin, sure. But inherently, Bitcoin is controlled by mining power, and the guys who own .1-5% of the total supply, just like in any market.
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November 29, 2017, 12:16:24 AM
 #10

Monero will always be a safe haven for those in the crypto scene. The more regulated it becomes, the better for XMR - but i think governments will embrace the blockchain technology instead of trying to censor and destroy it - although our governments are never known to act wisely and do whats best for the population, so you can never know.

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December 02, 2017, 02:14:58 AM
 #11

Monero will always be a safe haven for those in the crypto scene. The more regulated it becomes, the better for XMR - but i think governments will embrace the blockchain technology instead of trying to censor and destroy it - although our governments are never known to act wisely and do whats best for the population, so you can never know.
They do not have reasons to ban crypto outright so at first they are going to try to play it cool, and accept crypto but then they are going to begin to impose all kind of weird rules and regulations, fortunately for us not everyone is going to do the same and we are going to be able to avoid being subject to those regulations, then they are going to try to ban it but at that point it will be too late.
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December 02, 2017, 02:57:24 AM
 #12

I won't be, i will be turning to other anonymous crypto currencies. I just saw a new one called bulwark that is gpu mineable, looks rather interesting. Than there is all the other major existing privacy coins like verge, pivx, deep onion and zcash. Even dash has some good features to hide payments like Privatesend. Monero is overpriced for the features it has in my eyes.

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December 02, 2017, 03:01:46 AM
 #13

Monero is going to continue to thrive for now thanks to the DNMs. They ensure Monero's survival and pretty much ensure i'm not hodling enough xmr as well.
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December 02, 2017, 02:42:30 PM
 #14

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

I am absolutely sure that many people have already done it, and Monero further will get more and more followers. Today anonymity during the exchanges (especially exchanges of crypto) is extremely important.
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December 02, 2017, 02:49:06 PM
 #15

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

Yeah I think so because monero transactions are fully anonymous like bitcoin transaction so if our country made strict regulation for using bitcoins then people will turn into other crypto currency with good potential monero is one of the potential coin so many people will take monero.But currently bitcoin is the first preference for investors than any other investments maybe in future it will change.

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December 02, 2017, 02:52:52 PM
 #16

The added privacy makes it one of the best coins to actually use as money. I still find it to be among those that are mostly good for people making larger transactions, given the relatively large fees transacting with it involve.
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December 02, 2017, 03:18:52 PM
 #17

Yes, Monero, DASH and other coins that give us anonymity will become very popular. Users now take care of their own safety and their coins, so they prefer to use such anonymous coins

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December 02, 2017, 03:37:06 PM
 #18

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
Did you mean to avoid the regulation and verification? But remember the monero still used the centralized exchange site becomes the main place to liquidity. that means that will be useless as long as the monero still be traded on the centralized exchange site.

 
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December 02, 2017, 03:50:36 PM
 #19

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

why regulated make us change to monero? i dont think so.
if become regulated, bitcoin can be easier to reach people to try to invest in it. so more people will believe because the government also put the same thought by regulating bitcoin.
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December 02, 2017, 03:56:12 PM
 #20

someone who uses monero surely someone is a great trader because although still good store bitcoin but save monero also no less good. and although the bitcoin is set up there will definitely be a return to monero as a coin of choice for profit.



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December 02, 2017, 05:35:13 PM
 #21

Monero is surely a great cryptocurrency and had a great year like the rest of the top coins. It had a bright future ahead and is worth an investment but it wont replace Bitcoin at least not the function it currently servers (nor as a payment nor as gold).


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December 02, 2017, 05:42:17 PM
Last edit: December 03, 2017, 01:37:00 PM by HasHe
 #22

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
I accept that Monero offers full anonymity in transactions.It is for that reason that dark markets earlier adopted it.But i don't think that normal people would switch to monero only for the reason of huge restrictions on bitcoin.People do not trust any other coin like bitcoin.Bitcoin regulation is better than bitcoin being totally banned and if bitcoin gets regulated,we could just experience the same scenario as what happened in japan after legalizing bitcoin.No japanese have turned to monero after bitcoin getting legalized and being regulated.Japan has been a setting example for bitcoin regulation.
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December 02, 2017, 05:44:18 PM
 #23

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
I accept that Monero offers full anonymity in transactions.It is for that reason that dark markets earlier adopted it.But i don't think that normal people would switch to monero only for the reason of huge restrictions on bitcoin.People do not trust any other coin like bitcoin.

I disagree with you. Now it is very difficult to use bitcoin. Therefore, people are actively starting to use other coins. And Monero is one of the most convenient coins

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December 02, 2017, 05:53:37 PM
 #24

I think this is a very promising coin. People will use it.

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December 02, 2017, 06:05:41 PM
 #25

Why not? Monero isn't that bad after all. It's just that almost all traders are into Bitcoin right now that some of the altcoin's prices goes down. Why not try to have a Monero today, because we'll never what future will it have.

Accumulate Bitcoin. The bottom is in or near it.
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December 02, 2017, 06:20:57 PM
 #26

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

You cant regulate bitcoin when everything in bitcoin ecosystem gets build decentralized.  Until we base on centralized exchanges then yes is easy, but that will eventually stop.

People will turn to Monero when they will get sick that everyone see how much money they have and what they bought. Privacy is a basic human right. And only Monero in crypto fulfills it.
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December 02, 2017, 06:57:37 PM
 #27

Monero has one of the most united community that there is on the cryptocurrency market. This community is funding all kind of projects meant to make Monero a well-known and mainstream currency.
This may seem unimportant but it is one of the most important things for a coin. A community like those of the BTC and BCH that are always fighting each other isn’t healthy for the coin.
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December 02, 2017, 07:20:01 PM
 #28

Monero has one of the most united community that there is on the cryptocurrency market. This community is funding all kind of projects meant to make Monero a well-known and mainstream currency.
This may seem unimportant but it is one of the most important things for a coin. A community like those of the BTC and BCH that are always fighting each other isn’t healthy for the coin.
I know investors were looking for a potentialy profitable coin in the market. And a lot of coins to choose, maybe somehow they try and recognized monero. But it could not be a hundred assurance that investors will stick for a single coins. In fact monero doesn't play a good market in the past days, maybe is just because a lot of coins exist and of course investors will try for it.



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December 02, 2017, 07:21:06 PM
 #29

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

why regulated make us change to monero? i dont think so.
if become regulated, bitcoin can be easier to reach people to try to invest in it. so more people will believe because the government also put the same thought by regulating bitcoin.

I don't understand why to turn monero. Lots of investors are already in monero and this shifted its price up to $200 and around it. Be realistic while writing something about monero. Privacy is not everything.
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December 02, 2017, 07:22:14 PM
 #30

People have been turning to Monero from Bitcoin, slowly but surely, but this has nothing to do with regulations. Those who want to avoid regulations will just stay away from centralized exchanges. Of course, dark market traders will also learn by now that Bitcoin never suited their purposes. They want to remain anonymous, which is what Bitcoin never offered, and Monero constantly works to improve. So Bitcoin users will not give up the coin for an alt, it just depends on what their primary aim is. If it is to trade illegally and use anonymously, then they choose a coin that suits them.

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December 02, 2017, 07:27:02 PM
 #31

I am not certain that people will turn to just Monero. Monero is not the only privacy coin out there. The four main ones are Monero, ZCash, Dash, and PIVX. It is always really hard to pick the winnder in any race but I do not think you can go wrong with Monero. PIVX will be the next one on my buylist and ZCash most likely will not be as the zk-SNARK protocol is on the roadmap for other currencies like Ethereum.
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December 02, 2017, 07:28:36 PM
 #32

Monero has one of the most united community that there is on the cryptocurrency market. This community is funding all kind of projects meant to make Monero a well-known and mainstream currency.
This may seem unimportant but it is one of the most important things for a coin. A community like those of the BTC and BCH that are always fighting each other isn’t healthy for the coin.

I see many GPU mining people now mining the XMR.
Even its mining difficulty also increasing more like ethereum and bitcoin. Some of the people find the more income with the monero mining.
Why people like have stupid thought that BTC fighting with BCH. Nothing can be compare with bitcoin.
BCH will reached to below 100 USD soon. That is my wish too due to avoid the BCH competition.
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December 02, 2017, 07:33:50 PM
 #33

yes, I agree with you. monero recently also recommended as a very good altcoin for trading, I think it will make monero become bigger and have better potential
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December 02, 2017, 07:43:59 PM
 #34

What is holding Monero back is the poor marketing strategy the team had, see Dash for example they spend a lot on marketing and that is reflecting in their price but Monero seems to be contented with their status, I don't see it surpassing Bitcoin not now
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December 02, 2017, 07:45:49 PM
 #35

What is holding Monero back is the poor marketing strategy the team had, see Dash for example they spend a lot on marketing and that is reflecting in their price but Monero seems to be contented with their status, I don't see it surpassing Bitcoin not now

sometimes a bad reputation can not be fixed
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December 03, 2017, 03:34:26 PM
 #36

I my opinion anonymous coins such as Zcash, Monero and Zcoin are the true future for crytpo currencies. For a crypto currency to be successful it 100% has to be anonymous. If you do some research you will also see the Roger Ver has all of these stocked up Wink

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December 03, 2017, 03:34:54 PM
 #37

Monero could be the best crypto for all kinds of illegal activities like terrorist funding, money laundering, drugs etc because of no public ledger. So price might actually go up and may be it can beat Bitcoin in this field but this is the main disadvantage of Monero also and it won't go into mainstream world like Bitcoin is in now.

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December 03, 2017, 03:37:05 PM
 #38

What is holding Monero back is the poor marketing strategy the team had, see Dash for example they spend a lot on marketing and that is reflecting in their price but Monero seems to be contented with their status, I don't see it surpassing Bitcoin not now

sometimes a bad reputation can not be fixed
I've no idea about how the marketing strategy can affect the monero's reputation and can you tell me the more about that? Because the monero is not like dash and another coin to advertise their coin to the public and attract a lot of people to buy it. Basically, monero is a privacy token and it's really different with dash.

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December 03, 2017, 03:39:35 PM
 #39

If the XMR mining with CPU becomes very popular,the XMR will become very popular.

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December 03, 2017, 03:41:49 PM
 #40

When people hear about Altcoins the only currency will came up to mind is Ethereum so I think when Bitcoin is very expensive and only few people can actually afford it then people will invest more to Ethereum than Monero or other top Altcoins.

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December 03, 2017, 03:43:33 PM
 #41

at this time alone is a lot of people who use monero for trading or used for sale, but in the future if indeed monero price is very good will certainly attract many people to switch to monero.
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December 03, 2017, 03:46:28 PM
 #42

I think this is a very promising coin. People will use it.

Top Altcoins like Ethereum, Bitcoin Cash and Monero etc are actually promising Cryptocurrencies and this 4th quarter of the year is giving hope to Altcoin investors. Some Altcoins are actually increasing their values and perhaps will obtain more investments from Cryptocurrency enthusiasts like me.
Monero is gaining popularity today and if the price increase will continue then it will be the reason why people will invest more or turn their tokens into XMR Monero.

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December 03, 2017, 03:49:16 PM
 #43

at this time alone is a lot of people who use monero for trading or used for sale, but in the future if indeed monero price is very good will certainly attract many people to switch to monero.

Actually Monero price increase is jaw dropping since last week and the more increase to their market cap value the more investors will turn into Monero but the marketing should be consistent to maintain the stability to impress investors and the community and will gain more investments.

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December 03, 2017, 03:59:51 PM
 #44

Why Monero? It can be Zcash, it is more related to bitcoin. Monero have an inflation model, not good i think.
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December 03, 2017, 04:00:02 PM
 #45

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

monera might be an option but if your going look at more private coin your choice should be TOR integrated types of coin such as verge, deeponion and coming ICO this dec 7 which is tokenpay. these coins are TOR integrated in its platform and more secure than any privacy coin in the cryptoverse exist. just my cents. DYOR

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December 03, 2017, 04:02:43 PM
 #46

it seems that it could happen but whether on monero there is also a mining or a pro thing like bitcoin.
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December 03, 2017, 04:23:31 PM
 #47

Yes why not they wouldn't return to monero? It is fast and acceptable in any transactions. It doesn't lose value as other bad altcoins. Its code is good nearly bug-free. I love monero and will keep supporting.

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December 03, 2017, 04:29:40 PM
 #48

Yes why not they wouldn't return to monero? It is fast and acceptable in any transactions. It doesn't lose value as other bad altcoins. Its code is good nearly bug-free. I love monero and will keep supporting.

I mine and propose XMR mining because I believe people will like it in the future.

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December 03, 2017, 04:43:30 PM
 #49

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
I don't think so. Who very concern about privacy and freedom, those use monero already. I think it will be better for bitcoin if it becomes more regulated, it's can has the positive influence on his price.
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December 03, 2017, 05:38:19 PM
 #50

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
One thing I understand about regulations is it could either lead to increased adoption of bitcoin and other cryptocurrencies, or it could shift the traffic to a cryptocurrency like Monero that has privacy protocols already embedded in it as people would want to enjoy their financial freedom. But as things stand cryptocurrencies can either be regulated and legal or deemed illegal, so better than nothing regulated won't stop bitcoin from growing.
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December 03, 2017, 05:40:44 PM
 #51

I dont think so, Altcoins have power too. Also, people more know where to invest in Common, be spesific Ethereum

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December 03, 2017, 05:44:49 PM
 #52

Monero can be promising too but we'll see. Many bounties have this coin and it's not that bad after all. It's price is also amazing. I wish I have this coin too  Wink

I'll be active when the bull market comes back
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December 03, 2017, 05:47:51 PM
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When the demand on the privacy will grow a lot the market will turn to different privacy coins for sure. I feel the need of privacy more and more day by day, so Monero, Dash, Verge, Zec should grow significantly soon.

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December 03, 2017, 05:54:25 PM
 #54

Monero is a good privacy coin but I don’t think people will turn to Monero just because BTC become more regulated.

People should use monero for its features such as privacy.
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December 03, 2017, 05:57:09 PM
 #55

I dont think so, Altcoins have power too. Also, people more know where to invest in Common, be spesific Ethereum
That alts have power we see now in faces NXT and ARD for example. But all world says about bitcoin. And about alts so few people knows quite enough. When more info will be in their heads than alts will live without BTC influence
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December 03, 2017, 06:12:55 PM
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People who wants privacy will choose this coin over BTC if they want anonymity.

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December 03, 2017, 06:18:38 PM
 #57

It is said that Monero uses an algorithm of increased anonymity in transactions, and that these transactions are difficult to track. But, I think that if you want, you can do it.

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December 03, 2017, 07:08:52 PM
 #58

No,most people invest in basic bitcoin and ETH/BCH so it is hard  invest Monero.

but it is top 10 altcoins and have good future
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December 03, 2017, 07:27:01 PM
 #59

It seems to me that this is inevitable, and even now many people choose monero when dumat about anonymity.
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December 03, 2017, 07:30:40 PM
 #60

By seeing the development of monero in last few months,Yes people will look to invest in monero but again it is very early to predict its future as it is quite new as compared to other competitors of bitcoin.I would advice to invest small for little time and wait for some stability.
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December 03, 2017, 07:31:58 PM
 #61

Yes i think so,because monero has the largest community in the anonymity coins,however theres more coins out there but if the users are considered monero has it.

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December 03, 2017, 07:36:15 PM
 #62

One thing about Monero and these other anonymous coins is, ok let's say someone sells a 1969 Corvette his grandpa had in the barn. He wants to sell for Monero so he can avoid taxes. His buddy is cool with that. That guy (if he doesn't have Monero already) has to go out on an exchange and buy it with fiat, and then when his buddy with the car gets his Monero, he has to change the 25000 back to fiat or keep it in  Monero and be limited in how he can spend it. So he's gonna still have to pay taxes on it one way or another.  Like (illicit use example) it'd be cool for buying some weed for the buyer, but if the seller was ever gonna get ahead and buy anything, he's gonna get taxed when he cashes it in and deposits to his bank account. The anonymity is cool, but I don't see where the government is really getting ripped off on the taxes, as a matter of fact, in that example they're getting taxes on a transaction that normally (with cash) there would be no taxes. So maybe the government will actually be cooler about it then people are speculating.

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December 03, 2017, 07:44:34 PM
 #63

Yes i think so,because monero has the largest community in the anonymity coins,however theres more coins out there but if the users are considered monero has it.
The large community would still be a benefit for its growth. Monero has a spike of $100+ in last 30 days. On 30th Oct 2017, it was at $87+ and now its at $205. This indicates that people have already turned to Monero. Its really overwhelming to see likewise Monero, other top coins have started growing up. More investors would surely pitch into Monero. Good to see Monero growing faster.



























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December 03, 2017, 07:53:55 PM
 #64

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

Yes. Particularly initial investors who gambled their money to support crypto currency and build it to what it is today. I wouldn't however invest all in Monero as other currencies like Verge have their own advantages.
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December 03, 2017, 07:57:35 PM
 #65

Unfortunately, privacy coins are a very niche market.
Actually, normal blockchain technology is fairly anonymous already, so those who want ultimate privacy are really looking for specific use cases.
Of course, the first things that spring to mind are all unsavory transactions: contraband, illegal goods, tax evasion, etc.
But not all use privacy coins for these things.

With that being said, I believe that monero is the best privacy coin out of all of them.
Dash has a higher market cap, but it is highly plagued by questionable development and acts.
There are coins out there with some really impressive features, like cloak coin, but monero has the ultimate benefit of being an established company with a trusted product.

With all of this in mind, I believe that monero still has a lot of room to grow.
The last couple of months it stabalized around 90 to $100, now, when the prices stabalize again I think it will keep above $100, then shoot towards $200 in the next bull run.

Tada! at over $200 now  Shocked
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December 03, 2017, 08:01:08 PM
 #66

As far ask I know,  Monero has the nicer and strongest community so this tells a lot. Monero is one of my favorite coins yea.

 
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December 03, 2017, 11:39:09 PM
 #67

What is holding Monero back is the poor marketing strategy the team had, see Dash for example they spend a lot on marketing and that is reflecting in their price but Monero seems to be contented with their status, I don't see it surpassing Bitcoin not now

sometimes a bad reputation can not be fixed
I've no idea about how the marketing strategy can affect the monero's reputation and can you tell me the more about that? Because the monero is not like dash and another coin to advertise their coin to the public and attract a lot of people to buy it. Basically, monero is a privacy token and it's really different with dash.

Well, yes, they are different but dash has much better marketing than monero. I think, in this respect, they should take an example from dash.
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December 04, 2017, 12:23:20 AM
 #68

There are other anonymous coins which probably are safer and less traceball, I've read monero has some controversial issues...
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December 05, 2017, 11:55:05 PM
 #69

The added privacy makes it one of the best coins to actually use as money. I still find it to be among those that are mostly good for people making larger transactions, given the relatively large fees transacting with it involve.

Are there many competing coins in the privacy sector / area?

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December 06, 2017, 02:29:40 AM
 #70

maybe yes maybe not, there are a lot of coins out there. the price of monero on this morning is great. I do not think investors will keep their money in just one coin. if I have enough funds, I want to buy some  monero coin to be hold .  Wink

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December 06, 2017, 02:44:36 AM
 #71

Firstly, I do not think bitcoin can be regulated! User of bitcoin that buy bitcoin from govrrnment regulated third party will be regulated along with their service provider. Monero's market is anonymous and  is quite different from bitcoin
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December 06, 2017, 03:02:16 AM
 #72

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

Well, the bitcoin network itself can never be regulated by an external entity .The rules are hardcoded into the open source software, and the only regulation that could happen is regulation in terms of buying and selling of bitcoin.

And of course there is the worry of tainted pieces of BTC being tracked by the government, and monero/zcash etc. eliminates that loophole, essentially.

I'd say buy Monero as a hedge against this event, but don't go all in with it.
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December 06, 2017, 03:05:59 AM
 #73

Probably yes. Monero is one of my coins. I have MAnero. Wink
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December 06, 2017, 03:10:35 AM
 #74

Monero haven't gained the time importance among the common users. This has been used as an pairing trading asset with bitcoin. Already bitcoin us functioning in a regulated manner. We cannot deny that it is completely unregulated. Based on the necessity changes will take effect on the regulations. Based on this very few might switch to monero, that too now impossible considering the price increase taking place with bitcoin.
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December 09, 2017, 08:54:13 PM
 #75

One thing about Monero and these other anonymous coins is, ok let's say someone sells a 1969 Corvette his grandpa had in the barn. He wants to sell for Monero so he can avoid taxes. His buddy is cool with that. That guy (if he doesn't have Monero already) has to go out on an exchange and buy it with fiat, and then when his buddy with the car gets his Monero, he has to change the 25000 back to fiat or keep it in  Monero and be limited in how he can spend it. So he's gonna still have to pay taxes on it one way or another.  Like (illicit use example) it'd be cool for buying some weed for the buyer, but if the seller was ever gonna get ahead and buy anything, he's gonna get taxed when he cashes it in and deposits to his bank account. The anonymity is cool, but I don't see where the government is really getting ripped off on the taxes, as a matter of fact, in that example they're getting taxes on a transaction that normally (with cash) there would be no taxes. So maybe the government will actually be cooler about it then people are speculating.

Taxes should be ways paid, or countries where you live cant work. Yes, countries will need to adjust its fiscal policy in the near future. The point of Monero is that is fungible. That means that every Monero is worth same as any other. Like Gold is fungible. Also that your buyer or seller cant see how much money you have. Imagine you go on vacations somewhere and buy your family a diner and waiter in that restaurant uses blockchain analysis and see you are actually a multimillionaire. Dont you think it could give him an idea to kidnap you or one of your family to try to get ransom? Transparent blockchains are way to dangerous to be used widely.
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December 09, 2017, 11:35:19 PM
 #76

Adjustability bitcoin does not mean that users will reset the adjustable bitcoyne and switch to altos, such as monero. Adjustability first of all means the stability of relations and protection of the owner bitkoin in case of violation of his rights. Therefore, people will continue to invest in bitcoin and that it will become regulated.
     Monero is a promising coin with a good future and the confidentiality of its transaction. However, there are many good altcoys now.

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December 09, 2017, 11:45:50 PM
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Yeah, a lot of people intrested on totall anonymity, that's why this coin increase in price and the intrested always growing for it, and other altcoins which have anonymous blockchain have the same popularity from investors


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December 09, 2017, 11:50:29 PM
 #78

maybe yes maybe not, there are a lot of coins out there. the price of monero on this morning is great. I do not think investors will keep their money in just one coin. if I have enough funds, I want to buy some  monero coin to be hold .  Wink
I dont think people will turn to Monero, yes there are many altcoins. So I dont think users will just into use of monero because there are other altcoins with great potential. Though Im interested monero but as most traders they will look for other altcoin that bring to them a huge profit.
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December 10, 2017, 02:44:58 PM
 #79

One thing about Monero and these other anonymous coins is, ok let's say someone sells a 1969 Corvette his grandpa had in the barn. He wants to sell for Monero so he can avoid taxes. His buddy is cool with that. That guy (if he doesn't have Monero already) has to go out on an exchange and buy it with fiat, and then when his buddy with the car gets his Monero, he has to change the 25000 back to fiat or keep it in  Monero and be limited in how he can spend it. So he's gonna still have to pay taxes on it one way or another.  Like (illicit use example) it'd be cool for buying some weed for the buyer, but if the seller was ever gonna get ahead and buy anything, he's gonna get taxed when he cashes it in and deposits to his bank account. The anonymity is cool, but I don't see where the government is really getting ripped off on the taxes, as a matter of fact, in that example they're getting taxes on a transaction that normally (with cash) there would be no taxes. So maybe the government will actually be cooler about it then people are speculating.

Taxes should be ways paid, or countries where you live cant work. Yes, countries will need to adjust its fiscal policy in the near future. The point of Monero is that is fungible. That means that every Monero is worth same as any other. Like Gold is fungible. Also that your buyer or seller cant see how much money you have. Imagine you go on vacations somewhere and buy your family a diner and waiter in that restaurant uses blockchain analysis and see you are actually a multimillionaire. Dont you think it could give him an idea to kidnap you or one of your family to try to get ransom? Transparent blockchains are way to dangerous to be used widely.
I'm actually saying that with using crypto, the government gets taxes on transactions that would normally not be taxed. It makes it a good deal for the government, so they share in the benefits of crypto with us.

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December 10, 2017, 02:58:29 PM
 #80

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
Why not? If the government of countries has made rules that make disadvantageous for community of digital coins turn to monero is best choice or any other digital coins that has feature of anonymous and protect our privacy, bitcoin and some digital coins are like monero and Dash coin is very protect our personal data identity that's more important and i don't think there is related with financial freedom with protection the privacy, they are both different, what i know financial freedom is we will always get the income although we don't work.
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December 10, 2017, 11:50:15 PM
 #81

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?

why regulated make us change to monero? i dont think so.
if become regulated, bitcoin can be easier to reach people to try to invest in it. so more people will believe because the government also put the same thought by regulating bitcoin.

There is a market for private cryptos. Monero at the moment is leading, but Electroneum might catch up.

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December 10, 2017, 11:53:37 PM
 #82

When bitcoin becomes more regulated, do you think that people will turn to Monero to keep their financial freedom?
It is the possibility that people will start to use Monero for their different activities of life and for other business uses but it is not sure that people will leave bitcoin as bitcoin has its value and people like it and people like to use it for their businesses. I am sure that if people started to use Monero then they will like to use both of them the same or may be they do not use Monero more than bitcoin as the supporters of bitcoin are much more than any other coin.
StGermain (OP)
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December 15, 2017, 06:18:45 PM
 #83

What about Zcash? It is going really high in price

It could be too, perhaps depending how future developments. And... well, you have to trust the people on the ceremony ...

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December 15, 2017, 06:30:07 PM
 #84

Monero is best anonymous coin , but  i think everyone like bitcoin and ethereum   because we know who send and this is most important crypto currently
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December 15, 2017, 06:33:52 PM
 #85

I think Monero has a good future, better than Z series coin
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December 15, 2017, 06:35:50 PM
 #86

Monero is the best of its kind,anonymity is the most important thing in my transactions,so yes people will realize it in the future.
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December 15, 2017, 06:54:19 PM
 #87

We can see that Monero is a long-term profit, spent a lot of time with the chart crawling, only now comes from a nice growth, even so is not reason for people who do not have that currency, if you go back to that currency, there are other altcoins with great potentials and high profits.
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