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
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.