/biz/ - Business & Finance

>>59237394
>The drug market is right about Monero
Thank you.
>Financial markets are right about Bitcoin
You are going to be SO rich!

>>59175138
>A side effect of XMR dominance on dnms is a possible snowball effect of dark net market users throwing fiat into XMR if there ends up being an appreciation in value. This didn't really happen last time because, in 2021, Monero was still fighting for dominance, but now things have changed. They would have incentive too because if the value of XMR is rising, they can use it to buy a greater amount of drugs.

Speculative mania is absolutely to be expected as XMR keeps slowly crabbing upward. Once HODLtards become convinced that Monero will definitely be more valuable in future then they'll do what they always do.

That gets you a dramatic increase in price (at least for a while) BUT it comes at the cost of higher volatility (bad for business) and the emergence of a hoarding culture (really bad for business). And whatever is bad for business threatens the growth and vitality of the Monero economy, which in turns makes maintaining NGU less likely since in that case you're evermore reliant on slack-jawed speculative demand, which can evaporate overnight.

This is why downplaying Monero's ROI potential is critical: if too many consumers stop seeing XMR as a boring utility, they'll stop spending it in favor of hoarding it. And so begins the downward spiral into economic irrelevance. See current Bitcoin Economy.

Bottom line is we can't prevent speculative mania but we don't have to actively encourage it either. Its tempting to invoke moons & lambos & HODL for short-term gain but doing so means less business for merchants/service providers = less options for spending your XMR = greater need to cash out = greater sell pressure = lower price. Conversely, if more and more consumers go shopping in the circular Monero economy, that's more and more circulating XMR unavailable for sale = greater buying pressure = higher price

So yeah, just between us, XMR is obviously going to do very well in future. But as far as anybody else is concerned, its a terrible investment.

>>58911304
>I-I don't follow.

Spend moar tiem in the echo chamber and you will.

>>58911316
>Also, i don't have any real use for monero right now, if i bought it would just be in my wallet for years.

Then don't buy. The Monero economy needs spenders, not hoarders.

BTC is for hoarding, buy as much as you can and be sure to never spend it. Wait a while and voila, you're a millionaire, Harry!

>>58555670
>it's going to zero, i would suggest that you buy dogwifhat or similar instead, guaranteed x1000
This. Monero is easily the worst investment in crypto. Dog memes are where its really at. Then dump all your gains into BTC and let Tether pump your bags even more. HODL forever and prosper.

We are going to be so rich, bros.

>>57908476

>>57793511
lol have you decided what color Lambo you'll be getting?