Monero: The Cryptocurrency King: The five key fundamentals that are likely to skyrocket Monero's value by 2024
(azw3,epub,mobi,pdf)
Cryptocurrencies have come a long way since 2010. Back then, Bitcoin was the only kid on the block and everyone viewed it with a ton of skepticism. No one truly understood what the purpose of the currency was. There were even people who confused the blockchain as being all about Bitcoin.
Fast-forward today and there are tons of currencies out there. A lot of them aren’t meant for monetary exchange. Some coins are used to pay for access to supercomputers for example. Others are outright frauds. This fact should not be minimized. As cryptocurrencies have gained in popularity, the number of frauds have exponentially increased.
This reflects the way in which the general public views cryptos. It might hurt crypto believers to read this, but the fact is that the majority of people out there don't really care about the vision behind cryptocurrencies. All they care about is speculating in them and making some money. Of course, this is directly in opposition to the very reason cryptos exist in the first place.
If you’re someone who’s picked up this book looking to make a profitable investment, as opposed to understanding the basics of Monero, this is fine. My aim behind writing this book is to get you to understand that you cannot hope to make much money in cryptocurrencies unless you understand the drivers behind a currency’s existence.
Let’s take Bitcoin, for example. The people who’ve made money in it are the ones who understand its fundamentals and its strengths and weaknesses. Bitcoin isn’t a perfect currency. This is why altcoins (any cryptocurrency that is NOT Bitcoin) exist. Every currency has to have a reason or a drive behind its existence. As long as you understand this point, you’ll be safe from being defrauded.
Take, for example, the case of a well-known scam artist launching something called Habibi Coin in the city of Dubai in the Middle East (Founder of Habibi Coin Has Been Arrested in Dubai UAE , 2019). This scammer promised investors that they’d be able to own real estate investments fractionally, by buying his coin .
Aside from the ridiculous name, anyone with even a basic grounding of cryptocurrencies would have understood that this was a stunt. There was no need for a digital currency to be present as a part of this investment opportunity. The cryptocurrency aspect was used to take advantage of what people had been reading about Bitcoin and its price rise in the news.
Greed was these investors’ undoing. More than greed, it was ignorance. This book is going to not only illuminate the strength of Monero as an investment for you, it’s also going to give you a blueprint on how to go about evaluating a cryptocurrency.
Why Monero?
Every book has to answer a fundamental question and in this book you’re going to learn all about Monero as an investment. Understanding cryptocurrencies is one thing, and being able to differentiate between the various currencies out there, and listing their pros and cons, is a task that many new investors struggle with.
Tags: Computers, General, Monero, Cryptocurrency, crypto, economics, security, privacy, digital privacy, encryption, blockchain, bitcoin, Technology, Engineering / Communication Technology, cybersecurity, Finance, Financial Systems