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Author Topic: Monero, buy or not?  (Read 2660 times)
JeffK (OP)
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June 23, 2014, 12:23:14 PM
 #1

I'm thinking of buying 5 BTC worth of Monero. I think price is still low and today it will be added to Mintpal. I don't want it just to dump it, I have been checking the coin devs/community and it seems promising. Should I put my BTC there?

Cheers
newuser01
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June 23, 2014, 12:25:14 PM
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lots of money going out of Razorshitcoin that will eventually be poured into Monero when it arrives at Mintpal.
Gabri
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June 23, 2014, 12:27:52 PM
 #3

Yea, I think Monero is best bet right now. It was traded in "small" exchanges until now and with the MintPal arrival lots of money will be invested on it.
Limpuls
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June 23, 2014, 12:38:28 PM
 #4

4.4 $ now. I'm thinking to buy abou 10 XMR. But waiting maybe the price will down into abou 3.8 usd? Or dont wait and buy it now, this minute? Also thinking about NXT coz low pricem but I believe it will be 1usd and more soon.
razen489
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June 23, 2014, 01:02:40 PM
 #5

Going in right now is a risky bet..
but hey, that's what i told myself when Darkcoin was going up up and up.
MTJ151
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June 23, 2014, 01:27:11 PM
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I bought some over the last few days and price went down Sad I bought at a silly time though (high risk).

However, I'm still hoping it will go up soon. I think the coin looks promising.
Limpuls
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June 23, 2014, 01:38:29 PM
 #7

Have it for at least 5month and the price will up at least 7x times.
DubFX
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June 23, 2014, 01:40:24 PM
 #8

Well it has to be your decision, i invested some money (luckily not mutch) like 3 days ago when the price tanked and i'm loosing my money already...will hold them and not dump them since i still hope it wasn't pump and dump.
doo
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June 23, 2014, 01:43:42 PM
 #9

Its the only sensible hedge to Bitcoin as it uses different codebase
devphp
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June 23, 2014, 01:44:36 PM
 #10

Fantomcoin is better to invest in, it's the same algo + it can be merge-mined with any other Cryptonote coin, which means it has the highest survival potential of all and a more diversified mining network. Besides, it only takes 5 bitcoins to buy up all the daily production of Fantomcoin at current prices, whereas Monero's higher inflation rate and higher price requires much more funding to keep it at the price it is at. No Cryptonote currency has a first-mover advantage, they all started a little over one month ago, except for Bytecoin, which I don't review for obvious reasons. No first-mover advantage means the network effect is minimal in any of them right now and Monero's code can be copied by other Cryptonote coins very easily within a few days as Monero developers make more commits.
Limpuls
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June 23, 2014, 01:51:54 PM
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Well it has to be your decision, i invested some money (luckily not mutch) like 3 days ago when the price tanked and i'm loosing my money already...will hold them and not dump them since i still hope it wasn't pump and dump.
Dont afraid, its normal that price dropped a little. It cant all the time just grow up. But you should look closer. Before 2 weeks the price was 2usd, now is 4.4usd (before 2days was 5.5usd maximum) Its investment for long time, if you want profit, then have it for at least all.summer.
JeffK (OP)
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June 23, 2014, 02:10:21 PM
 #12

Decided, I will buy some Monero. We will see how this journey goes. Thank you all for your opinions!
schnötzel
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June 23, 2014, 02:10:54 PM
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Me feeling: Just a mayfly like darkcoin.
DubFX
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June 23, 2014, 02:17:59 PM
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Well it has to be your decision, i invested some money (luckily not mutch) like 3 days ago when the price tanked and i'm loosing my money already...will hold them and not dump them since i still hope it wasn't pump and dump.
Dont afraid, its normal that price dropped a little. It cant all the time just grow up. But you should look closer. Before 2 weeks the price was 2usd, now is 4.4usd (before 2days was 5.5usd maximum) Its investment for long time, if you want profit, then have it for at least all.summer.
Yep after i looked on mintpal it seems that Monero has nice community support indeed althought i'll make my final decision after i'll see the mintpal volume.
But it seems that i'll hold.
nakaone
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June 23, 2014, 02:24:46 PM
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am I the only who thinks that if they do not fuck it up it is obvious where they are going?
SirChiko
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June 23, 2014, 02:25:45 PM
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am I the only who thinks that if they do not fuck it up it is obvious where they are going?
You mean to the moon? Cheesy

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▀Check it out yourself▀
Limpuls
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June 23, 2014, 02:31:48 PM
 #17

By the way, mintpal is the best place to buy monero or is it somewhere better place? How I can see first I must have BTC if I want to have some monero from mintpal. But I dont have any bitcoins Cheesy
nakaone
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June 23, 2014, 02:33:10 PM
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am I the only who thinks that if they do not fuck it up it is obvious where they are going?
You mean to the moon? Cheesy

I am not one of this moon guys, I like steady growth -  inflation will stop this unorganic price increases we have seen with darkcoin

that said I feel very confortable holding my xmr, the feature of the impossibility of a blockchain analysis has some very interesting implications, especially longterm
darkota
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June 23, 2014, 02:45:56 PM
 #19

monero would easily hit .03 btc+
Gabri
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June 23, 2014, 03:06:25 PM
 #20

Don't, you will lose your investment in that case.

What do you suggest him?

PD: I have some XMR already.
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