/biz/ - Business & Finance

>>56995591

Nature takes its course.

biztards really are retarded if they think that the only coin that is actually used on a daily basis out in the real world will not ultimately climb to the top of the pile. Literal dog memes are currently ranked higher than Monero lmao

History shows us that irrational markets either collapse completely or eventually return to sanity and when that happens I ain't going to be holding anything other than XMR, especially now that its becoming the default currency of online organized crime.

>>55413454
>no reason its not at 1/10th BTC's price at a minimum

Bitcoin's price is largely the result of 10+ years of fraudulent trading, its insanely overvalued relative to what utility it can provide to real-world markets like the darknet sector.

Monero has to appreciate the old-fashioned way: value pegged to actual economic activity.

>>54977180

OH NOES, NOT THE GUBBERMINT!!!!

Putting aside the utter delusion of your meme and subsequent post, are there any plans for monero to move away from ring signatures? they are better than transparent txs but they are certainly not impossible to surveil

>>54861492

In this market? Absolutely, even Monero can be wash traded. But what sets Monero apart from all the others is that it has growing demand from non-speculators who flat out NEED it in order to acquire goods and services on the black market. BTW, this is demand that *used* to met by BTC.

In other words, at least a portion of XMR's current price is related to real-world economic activity, which is projected to only grow in future as more and more normies get comfortable with ordering contraband online, not to mention what getting adopted by a multi-trillion dollar industry could do.

>>54662866

Based.

>>54369628
Be slow or you will lose your money. Don't all in on anything because you are pretty much guaranteed to lose it like that. Anyways picrel is my crypto pitch and as for the stock market you should invest in dividend stocks if anything.

>>53807317

Organized crime is both recession AND regulation proof, always bet on black markets.

>>53682351
>Invest in the ever inflating US dollar
Yeah no thanks, I'd rather invest in an ever increasing industry (thanks to the US being run by retards).

Or gold, gold is always better than USD.

>>53416418
>all the cool features are already priced in

No they're not, dimwit, most crypto normies still think BTC is private and that it utterly dominates black market commerce.

Imagine what happens when a critical mass of them realize an altcoin is demonstrably wiping the floor with the King.


>the likelyhood of a "moonshot" are slim, as it already happened

lol we've yet to experience the long-prophesied privacy bubble, moonshots are made of speculative mania.

Question.
Is localmonero really reliable as this thread says it is?
I find it hard to believe that I can simply bank transfer someone money and them giving me monero.

>>52781748
Markets backed up by illicit goods will never die.

Just wash it through a KYC free exchange into XMR, back to whatever coin you wanna hold, then when you want to cash out, sell it for physical cash or spend it directly on goods and services (not gonna spoonfeed you but there are several ways of doing this).

HMRC are a bunch of boomers and as long as you don't cash it out through your bank they'll never have a clue. Any talk about them hiring 'crypto exerts' is just noise, they are completely clueless and scratching their heads when it comes to enforcement on crypto tards.

>>52666592
Imagine the profits

>>52613073
So what you're saying is the only current value is organized crime?

>>52550391
>What catalyst would make monero surpass bitcoin?

A critical mass of BTC users getting burned and noping out + the speculative appeal of Monero's status as THEE crypto of choice for transnational organized crime.

>>52527675
>Why would you own this shit for investment purposes?

Pic related. Nobody ever went broke investing in Big Cocaine.


>Price action is so boring.

Something something is not indicative of future results.

>>52506788

Consider holding XMR like buying stock in organized crime, an industry that has historically proven to be both recession-proof and resilient to all attempts to extinguish it.

Ergo, comfiest hold in crypto.

>>52486012
Its the only crypto that's used outside of speculative gambling.

>>52450821

>>52428799
>so you agree that Monero is a trash investment that got outperformed by everything?

No, I actually understand that the current market is highly irrational and that price action is thus a poor indicator of actual quality and future prospects.

Furthermore, I also understand that history has proven that sanity does eventually return to irrational markets and when that happens fundamentals trump hype.

Finally, I very clearly understand that as the darling of the darknet and the cornerstone of a growing digital transnational organized crime sector Monero stands to absorb potentially hundreds of billions of dirty dollars and will almost certainly justify its reputation as the comfiest hold in crypto.

TL;DR: buying & holding Monero is a no-brainer if you can read the writing on the wall i.e. developing trends.

>>52396903
I have been there. (30k@22)
Started with 10k from work when 19.

Did 3x with precious metals until 22.
Then did 2x from 2013 crypto bull market.
did another 4x in 2016
11x in 2017
1.7x in the last crypto bull (accounting for current portfolio value)

(These are my realized gains. Obviously the max was much higher)
Today @33 I'm stuck in low-mid seven-figure hell.

Just stay consistent and things will start to accumulate.

>>52367355
>monero will never be normie friendly because it has actual privacy and utility which it makes it hard for them to use and understand

Monero doesn't need normies, it's already cornering the transnational organized crime market, which is a TRILLION dollar industry unto itself.