/biz/ - Business & Finance

>>59557453
Monero's value reflects its role in the underground economy. It doesn't do anything special, doesn't serve any industrial purpose, it isn't a business, but being the unit of account for its economy is more than enough.

You can't go shopping in the counter-economy without Monero, wetbrain.That's what makes it special, that's what generates ongoing demand for it, that's what gives it a floor.

But you CAN go shopping in the mainstream economy without Bitcoin, you CAN preserve your purchasing power and grow wealth reliably without Bitcoin. That's what makes it irrelevant to the average person.


>Bitcoin does the exact same thing for a different, larger economy.

LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL


>But because you personally don't like that economy, that makes it a ponzi? It seems like the real issue here isn't with Bitcoin at all.

It's a ponzi because the the BTC ROI model is newer investors cashing out older investors.

Keep playing dumb, dumbass, the math don't lie.

>>58919428
>Though it's clear you haven't read your pic related study "Manipulation of the Bitcoin Market" which states that manipulation is a source of systemic risk, increases investor distrust, that several price dips, volatility, and an increase in crash risk are attributable to such manipulation.So the primary effect of manipulation is price suppression, something you clearly missed.

Are you legitimately retarded or just have reading comprehension difficulties? Perhaps you missed the caption at the bottom of the diagram characterizing the "price inflation scheme."

Or maybe just read the abstract:

>The model suggests that the presence of the fraudulent agent was essential to obtain Bitcoin price development in the given time period; without this agent, it would have been very unlikely that the price had reached the heights as it did in late 2017.

In other words: without this, previous and subsequent manipulations BTC's price wouldn't be anywhere close to where it is today. It's all smoke and mirrors, kid, looks very impressive at first until you finally take a peek behind the curtain and discover the inconvenient truth, that this "growing" demand for BTC doesn't actually exist, that BTC is thus insanely overvalued relative to its core fundamentals, which as seen are so shitty that it's being driven out of the very economy it created.

So you can expect BTC to keep chugging along for a while longer but with actual demand for it as a P2P value transfer technology dropping and dependency on Tether's magical printer growing, it will inevitably implode together with the rest of the clown market once a sufficient number of bagholders realize what's going on and start panic selling.

Meanwhile, we'll be over here not giving a fuck because black and grey markets are eternal. Comfiest coin in crypto

>>58764842
>Except relatively no one uses shitty sites like coincards

Keep moving them goalposts, asshole. Started off with "XMR-only markets will never happen!"


>>58764962
>In contrast if you bought BTC at the absolute peak in 2017 you would have 3.5x'd.

lol we're all blackpilled on Tether's BRRRR shenanigans here, pal, so invoking BTC's bullshit price action isn't going to impress anybody.

$100K end of year!

>You can't create a circular economy if nobody wants to hold it because of the terrible opportunity cost/devaluing.

lol only maxitards insist nobody wants to hold XMR. Its how they cope with Monero's continuing rise in actual adoption "Yeah, alright, sure, they are using XMR more and more but they're TOTALLY not holding it, mmmkay?!"

And btw, you obviously can't create a viable circular economy when the HODLtard narrative is front and center. No spending culture + high fees + zero fungibility = no circular economy.

So keep up the NEVER SPENDING routine, retards, we love you for it!


>There's one usecase only for XMR

Your need for this to be true is almost palpable. And quite hilarious.

The fact that you felt it necessary to come here and reassure us that Monero's recent series of wins are nothing to get excited about speaks volumes about the insecurity you're currently struggling with. And its only going to get worse as more and more people get blackpilled on BTC's uselessness.

>>58125364
>yeah people also need toilet paper to shit, doesn't mean TP companies are a good investment.

Buying stock in a company that has an absolute monopoly on TP production actually makes for a very lucrative investment.

Monero is likewise establishing an absolute monopoly on grey & black market payments, the future growth potential of this nascent shadow economy is positively enormous, especially in the grey market sector as that is the one that is most attractive for normies. No customs, sales or income taxes to worry about = overall lower prices than equivalent clearnet listings = more attractive to consumers. More and more consumers entering the economy = more and more demand for a limited amount of XMR = slow but consistent NGU over time.

Now compare that to BTC: ever-diminishing demand as a medium-of-exchange, too unpredictable to ever function as a reliable store-of-value, increasingly dependent on speculative mania and stablecoin BRRRRRRRRRRRRRRR to keep it afloat.....yeah, its obvious to anybody with even an average IQ what the superior investment opportunity is here.

Having said all that though I must stress that Monero Is A Terrible Investment™ and you should only be buying it to spend it.

Anyway, keep HODLing your increasingly useless memecoin like the absolute retards y'all are, never spending it is indeed the best way to grow a circular economy lmao

>>57952089
>muh store of value

You don't actually expect us to take that seriously, do you?