Sold All Of My Monero

I have made a portfolio change. Rather than BCH, EOS and XMR I have reallocated.

I have sold all of my XMR and I have added to BCH.

Monero has a lot going for it: regularly scheduled hardforks, anonymous by default, a clear and concise roadmap with a process for what items are prioritized.

Monero may also have one of the largest botnets mining XMR on people’s computers without their consent, but that’s more of a fun fact than a feature.

Confidential transactions and anonymity are important in Crypto and XMR has been a leader. However, I don’t feel it’s in a place to hold that position much longer.

The unique value that XMR has in it’s anonymous by default architecture doesn’t make up for the areas where it has lagged behind: hardware wallet support, mobile clients, usability (altho it’s more usable than ZEC) and scalability.

The Monero dev team is also lead by Riccardo Spagni AKA fluffypony on Twitter. Fluffy relishes playing the crypto troll. He wears hats that say EXIT SCAM and is an anti-promoter of Monero. The anti-promoter anti-hero role had a certain appeal in the ICO crazy heights of crypto mania of 2017. Here was a guy telling us not to buy the coin he’s developing. Maybe he “can” be trusted.

I don’t know if he can be trusted or not, but I do know that I’m not so thrilled about having an investment where the most public figure is telling people to not buy the coin I am holding….and is still saying that as the rest of the market matures, explores new partnerships and stakes claims on dominating whatever niche they’ve claimed as their own. It’s a…ummm…. unique strategy.

I’m not good at goodbyes so I’ll just leave this here…

 

4 comments

  1. Watching BCH and LTC

    BCH daily looks great but a little worried about 60M 240M for possible second leg back down
    LTC – possible H&S on the 60m for another leg down also

    any thoughts

Leave a Reply

Your email address will not be published. Required fields are marked *