Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
Billy Bunter
on 06/06/2017, 14:18:05 UTC
Except Coinbase is totally fucked right now.
I would advise anyone to not use their service. If you have any issue with your account you will be waiting weeks or months for a response from support.
They are too busy spending money on facebook ads to hire personnel or make improvements to the website/ backend.
(Website was down several times yesterday.)
Maybe things will improve in the coming months but for now Monero doesn't need them to be successful. Its way undervalued and if you don't own some of these coins in a few years you are going to regret it. I would be very surprised if XMR wasn't $100 by this time next year.
Monero is the GNU Linux of the Crypto world. It doesn't need ads or corporate sponsors. Hard work and good code will prevail over time. This is a long-term project.

Whether Coinbase is fucked or not, I believe that Coinbase adoption would be great for Monero. To extend your analogy, if Monero is the linux of Crypto then Coinbase could do for it what Red Hat did for linux.