Cryptocurrencies have reached what is close to their new low. At this point, they will only go up from here. If you’re interested, now is the time to get in.
After a lull and a bear market, in which some have even called a “crash”, cryptocurrencies are once again on the upward swing. Volatility in the crypo markets will always exist, however, knowing that many who hold cryptocurrency are not willing to let it go should offer some degree of security to those otherwise uninterested.
However, it is still possible there will be up and downward swings. As previously mentioned, I have been swapping out more transparent coins, such as Bitcoin and Ethereum for more privacy-based coins such as Monero. As time goes along, and we inch closed to the central bank digital dollar of total control over the population through the money supply, privacy coins will increasingly become more popular.
Monero is much more difficult, if not impossible, to crack. Whereas Bitcoin, if wanted, can be tracked and traced. This was evident after the alleged hackers were allegedly paid millions of dollars in Bitcoin, only to have the government be able to track it down and recover it. Obviously, the factuality of that story when presented bumped up against known facts, but it was essential that the government let the public know they can both track, and confiscate Bitcoin.
That sealed my personal decision, and if I own Bitcoin in the future, it will immediately be converted to a privacy coin. Right now, my sights are on Monero. Once others figure out Bitcoin is not quite as secure and private as they thought it was, coins like Monero will be the ones to skyrocket.
It is only a matter of time. The secret is out, and a digital dollar is coming down the pike. What we do with this information could make or break us. Having cryptocurrency that the government has admitted (whether it is truthful or not) is not going sit well especially if we see another instance of seizure.
Another benefit of Monero is the cost. Sitting around $230 at the time of this writing, it is far more appealing monetarily than it’s more expensive and less private counterpart, Bitcoin, which is hovering near $39,500.
The chances to make money in the cryptocurrency space are still there. But be strategic about it. Listen to what the regulations could mean for coins that can be seized, such as Bitcoin. But also pay attention to the information surrounding privacy coins, such as Monero. In essence, you could come out on top just knowing the difference and playing that difference to your advantages.
Monero is all but impossible to regulate, track, trace, and control. Bitcoin, on the other hand, has been shown to be overly easy to do that with.
If you value your individual liberty to spend your wealth as you please and your privacy and security, coins like Monero are simply the better choice.
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