Will Monero Be The Best Investment In 2020?

[Prateek_sharma]

Well!! Did you know? One of the altcoin called monero has gained so much popularity in the crypto market, as it is showing the best signs in the market.
Several cryptocurrency experts assume that monero has the ability to show its potential in the crypto market.

According to crypto expert monero price will rise high in the coming days.
https://coinpedia.org/information/xmr-monero-price-prediction/

Let me know your point of view on this?

[1715312629]

1715312629

[OasisDre]

Monero is the mother of privacy coins in crypto space and yes it will bring good profit on the long run even with the government hates, one other thing that comes to my mind is ETH 2.0 upgrade, which will introduce POS and ETH miners will be forced to start mining the second most profitable coin to mine which is XMR, get ready for a bigger incoming XMR hashrate

[qwizzie]

Monero's official website got hacked a month ago : https://arstechnica.com/information-technology/2019/11/official-monero-website-is-hacked-to-deliver-currency-stealing-malware/
How can anyone trust Monero's Dev Team, when they can't even secure their own official website ?

Until an explanation has been provided on how hackers got access to Monero's official website in the first place, i would be very wary using Monero (especially their downloadable binaries).
Also Monero is just not used all that much with regards to transactions, which means it is failing its primary use case : https://bitinfocharts.com/comparison/transactions-bch-dash-ltc-zec-xmr.html

And last but not least, this is not a good way to boost confidence with investors : https://www.coindesk.com/moneros-fluffypony-steps-down-as-lead-maintainer-of-privacy-coin-project

[DDante]

Monero is a good privacy coin but many new privacy coins have surpass monero, these coins have better stealth mode and better privacy features, the best one on my mind is veil coin and Apollo currency which i feel it will do better than old privacy coins

[thisnewcoin]

Monero the best and most used privacy coin ever, every new year comes with a big hope for some exceptional coins, MONERO is one of them. I have a big hope that XMR price will be very high in the coming months and from this year XMR can be used more than before, it will get more popularity for various reasons!

[kolonel_x]

Will Monero increase like BVS with high spikes?
I know that Monero still has popularity in the crypto market to date and some even say that Monero can be one of the most successful mining coins to date.
I also don't know whether the prediction will be right the next few Monero will experience a sharp increase because what I saw yesterday's pumping did not show the best results for Monero, only DASH was good in its increase.

[Bezobraznike]

   Monero is one of the top coins, Monero is one of the best investments in past years, and will be one of the best investments in 2020.
It's how we can say it, one of the best, there are other top coins too. Which one will be the best in 2020 we will see in the end of the year
who made the highest progress of them all! I am with Monero! I am with some other top coins too!

[novaprime]

Will Monero increase like BVS with high spikes?
I know that Monero still has popularity in the crypto market to date and some even say that Monero can be one of the most successful mining coins to date.
I also don't know whether the prediction will be right the next few Monero will experience a sharp increase because what I saw yesterday's pumping did not show the best results for Monero, only DASH was good in its increase.

Monero has not had a lot of impressions on me in the past but this coin is still a good choice if you choose to invest in the long term. I think this year this coin can surpass the old price and will definitely bring some profits to investors because the demand for investment in this market is on the rise in the past few days. Depend on each person's thoughts but this is the option not to be missed.

Personally, during the past 2 years I have always considered investing in this coin and often trading when the market goes up because it is a good opportunity for me.

[mahilchii]

Monero has impressed couple of times and yes again it might shine in upcoming days, but in reality we can't predict as the market is going up and down. Well, if we go with the current price it might pump after some months when the halving happens. I suggest to make investment in this for a better return.

[mrdeposit]

Monero's official website got hacked a few months ago : https://arstechnica.com/information-technology/2019/11/official-monero-website-is-hacked-to-deliver-currency-stealing-malware/
How can anyone trust Monero's Dev Team, when they can't even secure their own official website ?

Until an explanation has been provided on how hackers got access to Monero's official website in the first place, i would be very wary using Monero (especially their downloadable binaries).
Also Monero is just not used all that much with regards to transactions, which means it is failing its primary use case : https://bitinfocharts.com/comparison/transactions-bch-dash-ltc-zec-xmr.html

And last but not least, this is not a good way to boost confidence with investors : https://www.coindesk.com/moneros-fluffypony-steps-down-as-lead-maintainer-of-privacy-coin-project

I think it happened a few months ago. Already, some things are forgotten as time goes on, such as a fake update of electrum or binance's hacking. Because people have an interest there, and they should start over to bring another else to binance's level, and nobody wants to waste time with it. Instead, he will ignore all of this and every issue will be solved.

[Doell]

entrusting your opinion to the expert maybe good but you should not trust the funds that exceed your income because investing in private coin is sometimes good but I think also vice versa ,greater a risk and poor market conditions when the blackmarket starts to go crazy and there is a lot of information scattered in your question and IMO listen to what someone wrote which is better if you don't invest in Monero for now

[pakhitheboss]

Whenever we talk about privacy based coin we recall Monero as it was the first. With its inception from 2014 till today a lot of new better players have emerged in the maket.

Why should I invest in a coin that has not been in the news for good reason? No future development news  basically nothing positive about this coin and you still expect it to rise.

Ofcourse if Bitcoin surges all altcoin will, it is therefor better to invest in Bitcoin beofre halving.

[pakhitheboss]

Whenever we talk about privacy based coin we recall Monero as it was the first. With its inception from 2014 till today a lot of new better players have emerged in the maket.

Why should I invest in a coin that has not been in the news for good reason? No future development news  basically nothing positive about this coin and you still expect it to rise.

Ofcourse if Bitcoin surges all altcoin will, it is therefore better to invest in Bitcoin before halving or cheap altcoins to gain more profits.

[GideonGono]

I will give a little opinion about Monero, currently the price of Monero has recovered at $ 57, the same as the price in October 2019, of course investors from that month will be a little relieved because it has returned capital, I think 2020 for monero should break the resistance of $ 63

For now, the top coins must be stable at the market and the price has a great chance to increase because there are a lot of shit coin do release and there are a less token that are going to market. So that, it can cause by the price of other token to increase and they didn't use new token.

[obit33]

Monero's official website got hacked a few months ago : https://arstechnica.com/information-technology/2019/11/official-monero-website-is-hacked-to-deliver-currency-stealing-malware/
How can anyone trust Monero's Dev Team, when they can't even secure their own official website ?

Until an explanation has been provided on how hackers got access to Monero's official website in the first place, i would be very wary using Monero (especially their downloadable binaries).
Also Monero is just not used all that much with regards to transactions, which means it is failing its primary use case : https://bitinfocharts.com/comparison/transactions-bch-dash-ltc-zec-xmr.html

And last but not least, this is not a good way to boost confidence with investors : https://www.coindesk.com/moneros-fluffypony-steps-down-as-lead-maintainer-of-privacy-coin-project

Dude... So weak...

Explanation about the hack: https://web.getmonero.org/2019/11/19/warning-compromised-binaries.html It was hacked for like 13 minutes, before it got noticed, pretty impressive imho... If you want to FUD I can play that game too: https://thenextweb.com/hardfork/2019/07/15/mydashwallet-dash-cryptocurrency-hack-compromised-two-months/ A wallet that was endorsed by Dash's incompetent core team, 2 MONTHS unnoticed

Nr of transactions is steadily going up: https://bitinfocharts.com/comparison/monero-transactions.html

Lastly: FluffyPony stepped down "to further decentralize the project", something you off course wouldn't have any notion of


Very very pathetic attempt at fudding, this on a day you should be rejoycing the artificial pump of your favorite totally centralised and not private at all crypto...

[bassbity]

I will give a little opinion about Monero, currently the price of Monero has recovered at $ 57, the same as the price in October 2019, of course investors from that month will be a little relieved because it has returned capital, I think 2020 for monero should break the resistance of $ 63

In 24 hours the price of Monero has reached $ 68 and I think this is quite stable in a month later also the price of Monero touched $ 68 so there is no good increase for this XMR coin.
I am still not sure of the increase in the next few weeks because Monero is very slow when going up there is a market pump going on so it's better to hold a DASH coin than XMR.

[dataispower]

I stopped being a fan of privacy coins after some exchanges delisted two of my privacy coin holdings due to regulatory concerns and order to delist. However, monero has been a huge project from onset, leading the privacy coins in nearly all ramifications. It's possible monero will be a good investment this year but I'm not ready to hold at the moment.

[memed97]

Monero is a good privacy coin but many new privacy coins have surpass monero, these coins have better stealth mode and better privacy features, the best one on my mind is veil coin and Apollo currency which i feel it will do better than old privacy coins

Basically all privacy coins are built for certain advantages and certain things, so between old privacy coins and new privacy coins,
they both have a plus in cryptocurrency.

[btcdie]

Maybe, but it is still entirely in doubtful analysis and I believe Monero still has a community or a supporter, given that some people sometimes maintain privacy. Monero is still needed and the problem is the regulation somewhere. If talking about the best investment, we should switch again to the mother, Bitcoin. Btc I think is less risk than Monero. Bitcoin will soon be in a surge, and is very influential on Alt, like in 2017.

[Genemind]

Monero is one of the potential coins that I have been holding for months. As for me, it has a huge capability to go more in that future. It has gained the trust of most users and it has shown its potential for years. I believe that it could go far just like other altcoins like Xrp, Ltc, and Eth and I have no doubt of that. Let's hope for the best because I know that monero will never fail us.