Hi! How are you?
Since my last newsletter on Monero, I’ve been doing more research and gathering more information to tell you about in this newsletter.
Are you ready to learn more about Monero?
Let’s go!
Monero Price Prediction
According to this model, Monero’s projected top price is $24,128.15 on approximately 8/15/2022 (current price estimate as of 3/29). Please take into consideration any given model isn’t perfect or a guarantee, so use this as a reference at best.
Currently you can buy one Monero at $233 (3/29 price) so we’re talking about a 102x return on investment which is very remarkable given you buy at $233 and sell at $24K. Hear me out. There really is no need to time the market because this is a long term investment. As I’ve said in my last newsletter, your best bet is to Dollar Cost Average so keep that in mind. And it’s never wrong to take some profit off the table. Paper profits mean nothing.
Now that I have your attention, let’s dig in a little deeper into the details of Monero…
But before we do that hopefully you find this short piece of information useful.
I literally just said there is no need to time the market right? But what if there was a way to generally know when to buy and when to sell? The below chart shows you when to do that. Green line means buy and red line means sell. Of course it’s always easier said than done.
Just remember that it’s still best to DCA either way in my honest opinion.
Monero Blockchain Explorer
Simply put, every crypto including Bitcoin has their own blockchain explorer meaning you can see every transaction just by inputting someone’s address. But wait a second... If you remember from It’s Like Buying Bitcoin in 2014 Part 1, Monero’s blockchain is hidden or stealth right. The beauty of Monero is that it’s private by default, so let’s check out the below image.
This screenshot is actually my personal Monero transaction. Good luck figuring out my Monero address or the transaction amount. You can see for yourself that everything is hidden on Monero’s blockchain. Powerful stuff huh. And it works like magic.
A Monero transaction is considered real after 5 confirmations are completed. If you look very closely in the middle of the photo it says the confirmation count is 6,112 (count will be higher if you click the link) which means my transaction was real or stamped on Monero’s blockchain for good.
Monero = Privacy
As we enter the digital age farther down the road, privacy will become more important. Let me re-emphasize that Monero was the only cryptocurrency used in the dark markets after Bitcoin and there’s a reason for that as I’ve previously stated. Monero is the best privacy coin hands down according to my research (but please do your own research & decide for yourself).
Just 4 days ago Cointelegraph reported that Marathon, a major US-based mining company, is only mining fully compliant Bitcoin transactions.
“While institutional interest in Bitcoin is accelerating, many large funds and corporations have expressed concerns over purchasing Bitcoin that may have been tainted by nefarious actors.”
Uh oh. Bitcoin isn’t completely fungible, but you know that Monero is if you recall my $1 = $1 example.
Last thoughts
Okay, so everything you’ve read up to this point might mean nothing to you because you haven’t tried using Monero yourself. Do you remember your very first AirBnB or Uber experience? You were probably sold on both after using them right. And come today both are the norm.
What if the same could be true for Monero?
It would make sense for you to try it out for yourself then come to your own conclusion…
Hope you enjoyed my two part series on Monero!
Much love.
Until the next one,
DHL
P.S. Still can’t get enough of Monero? Check out this excellent video on Monero! Trust me it’s worth your time.
Talk to you soon!