Shitcoin Digest: Monero (XMR)

If you’re interested in buying cryptocurrency, I suggest Coinbase for the easiest transfers and they have more than just Bitcoin. If you click on the link to sign up, I get $10 after you deposit a total of $100. So please check out Coinbase.

Monero (XMR)

Lets make it simple…they are stable. They are trading now for around what they traded for in January and some points higher. They are a strong buy for me but they are pricy so I will not buy many.

Update 12-08-2020:

A. The coin has dropped significantly since my first posting on it. Wise buying at the time should have lead to profit. Though lower, it seems to be longer term stable at this rate and because of that, I put it back in the “buy” column.

B. It has been used for scam purposes lately as Bitcoin has been in the past. That, to me, speaks of its stability. Terrorists don’t ask for Rupees, they ask for US Dollars because of stability. It did have some software that was associated with a scale to place mining software on a website and use a viewers computing power to mine the coin. That has been done away with.

NOTE: This piece was originally posted by Michael as an on- site page on MichaelBeebe.net while he was doing research into cryptocurrencies.

 

Disclaimer: Michael Beebe is not a financial advisor and all research is for his own purposes. He is simply sharing the research with the readers of this or other blogs and makes no claims to be an expert in finance or any forms of investment.