[Kill Joy]

Price when thread started: $12.85
Current price: https://coinmarketcap.com/currencies/monero/

Monero has surged $3+ today. Thankfully I've been stockpiling at $8. Monero is on the verge of becoming the next big Crypto Currency. Discuss.

Beijing, China (PRUnderground) December 23rd, 2016

Could it be the next Bitcoin? Cryptocurrency watchdogs say, very well could be. Set to launch mid-January, Monero (XMR) is not slated as an alternative to the widely-recognized Bitcoin. It’s a more powerful cryptocurrency and insiders say its release could increase 24-hour volumes by approximately $300 million USD. To that end, the derivative to Chinese currency (CNY) is garnering great interest as underground banks and investors in China await the release of RingCT – lauded as the most confidential and anonymous cryptography in the marketplace. Positioning themselves for the influx of transfers, Monero’s core team developers increased production and have announced the release of their beta GUI wallet.

Dodging tracing, surveillance, and monitoring, while being invisible on the blockchain, Monero will allow underground banks and investors to feel safer doing cryptocurrency transactions. Allowing people to take control of their money, consumer domination is forcing Okcoin and BTCC to integrate to XMR. Friendly-GUI wallets without fees for consumers, banks, and investors, the cryptocurrency is used to transfer funds into CNY outside the country to avoid deflation. Thus, the focus of Monero is to keep it valuable, less volatile, and extremely private.

A representative said, “China’s population will skyrocket the price of Monero. This could cause the next round of cryptonaires. With Bitcoin, some bought at $1 or $15 and the price is now around $800. It could be another baby boomer for cryptocurrency millionaires and remember the worth can be converted to USD easily.”

For more information visit https://getmonero.org/home.

About Monero (XMR)

Monero (XMR) is the only cryptocurrency that has the most complex state of the art cryptography. With its unique code that is totally different than Bitcoin, it is widely-recognized for its privacy and anonymity for use as digital currency. Riccardo Spagni is the Lead Core Developer for the open source project, Monero.

Source: http://www.prunderground.com/gui-wallet-...y/0084114/

['Ben]

What site did you purchase your XMR from?

[Kill Joy]

What site did you purchase your XMR from?

There's currently no major website that sells XMR. I use Shapeshift.io to exchange other coins into XMR.

[Jenicke]

I actually believed it was a ponzi coin when it dropped to $4 USD, now I regret I just dumped 200 XMR into ETH.

[Kill Joy]

I actually believed it was a ponzi coin when it dropped to $4 USD, now I regret I just dumped 200 XMR into ETH.

It's really not too late, unless you lost that investment on ETH.

[Heart]

Figures it rises the day I buy the award.

[thrudda]

Wanted to buy Monero (XMR), I feel it will not go big yet due to it lacking a GUI wallet. It has potential thou since I remembered reading that the DNM are gonna use it.

[Kill Joy]

Wanted to buy Monero (XMR), I feel it will not go big yet due to it lacking a GUI wallet. It has potential thou since I remembered reading that the DNM are gonna use it.

They just released beta 1 for it.

[woahxx]

Bought 1 coin, thats what I could afford :/

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Managed to put 100$ more, forgot payment ID. Money gone

[Kill Joy]

Bought 1 coin, thats what I could afford :/

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Managed to put 100$ more, forgot payment ID. Money gone

Wait, what happened? If you used shapeshift you can get that money back.

[caiveman]

I bought about 0.3 btc worth at $9, just before the surge to $12 overnight. Just bought a bit more and ready to ride the XMR wave next year :)

[Kill Joy]

I bought about 0.3 btc worth at $9, just before the surge to $12 overnight. Just bought a bit more and ready to ride the XMR wave next year :)

Nice man. :) I'm about 100 XMR deep right now.

[sʟᴀᴄᴋᴇʀ]

I sold out of monero as while ago. I,regret it,but,turned a decent profit margin

[GontaJones]

It's a huge ~20% gain, but I'll study it more days.
Just following your trades, guys.

[$ZEUS]

I would go into it, but have way too much in a stock right now because I got stupid about an hour before the closing bell.. Praying it opens high. I'll keep an eye on XMR crypto as well though.