Monero Volatility

Like a lot of other people in this sub, I converted my BTC to XMR because of BTC dropping in value, and all of XMR's benefits. But in the last month, Monero has gone down over $100 in value. Is this because of the recent hacks relating to XMR mining? What are everyone's thoughts on the future of Monero? Should we start switching to LiteCoin?

EDIT: I'm not attacking Monero, I own it and love the privacy of it


Comments


[13 Points] Straightedge779:

Huh?

All cryptocurrencies are volatile, LTC just as much. LTC offers less security than Monero. A lot less. And the mining hack had nothing to do with its security. It was ransomware putting a mining program on people's computers and servers.

In the last 3 months, XMR lost less of it's value than BTC or LTC. Look at the ATH of each coin and see for yourself.

I suspect this is some law enforcement FUD attempt. BTC, BCH and LTC are easily tracked and also easily confiscated after a bust. Monero? I wonder if LE ever got Alphabay's Monero. They didn't even know how much was there according to the news reports. Monero will be/is a pain in the ass for law enforcement agencies.


[7 Points] CognitiveDissident7:

Monero isn't about going to the moon, it's about changing the world.


[4 Points] TheKingOfKingsMill1:

  1. It's no more or less volatile than BTC etc. You would have lost even more money keeping you money in BTC.

  2. XMR actually has value because it's fungible

  3. What would possibly make you think LTC is an alternative to XMR?


[3 Points] TreyWait:

All the crypto currencies have tanked in the last month BTC included.


[1 Points] abu7:

I have a question. I have been away for sometime from DarkNets, in this team, Grams was gone and now I see people talking about Monero as their preferred currency for I don't know what reasons, perhaps the fall of Grams.

Anyhow, My question is how do you guys execute the process (Monero Wallet --> Market Wallet)? Furthermore, is BitBlender still reliable?


[0 Points] EatSheets:

It's tanking because everyone is doing what you are doing


[-1 Points] STFUMandy:

Why don't you buy some Zcash now so you can come up trading Bitcoin Private if your getting cold feet about Monero.