/biz/ - Business & Finance

Wtf is this coin going to be at end of year? This coin mogs every other coin for anonymity

>keeps falling

Seriously, wtf is Moneros problem?

Monero is a privacy-oriented crypto that's virtually untraceable. On the dark web, all the major markets are trying to phase out Bitcoin in favor of Monero, most notably the White House Market, which is currently the biggest dark web drug market out there. Even when you think you're paying in Bitcoin, a lot of these markets automatically convert them to Monero before passing to their vendors.

Think about how value is decided in the market: Price goes up when more people want to buy the currency. Two types of transactions make this happen. 1) People buying to invest. 2) People buying to spend. The vast, vast majority of Bitcoin transactions are just people buying and selling it as an investment. Monero is the opposite: Holding time is low; people are using it in real-life tranactions. In real life, Bitcoin isn't being used in that way, and I think this is a reason it's overvalued. Monero is only going up as it becomes adapted by more markets.

Now, also note that Monero isn't even supported by the biggest trader, Coinbase, yet. The only mainstream platform to get it right now is Kraken, as far as I know. Once it becomes open to the public as a common investment asset, expect an even bigger boom.

If you're still unsure, just look at its price trends. Monero is going nowhere but up. It's only at ~$150 right now, but I wouldn't be surprised whatsoever to see a Bitcoin-like boom and for this to be a $15K coin in 5-10 years.

Why all the fud for Monero?

You’re literally a pedophile if you own this. FUCK YOU

It has anonymity which BTC was supposed to have but now doesn’t. Seems like it’s a great upgrade over it.

Would it be wise to buy Monero, do you think it will rise

>the unfuddable token

>fees are only cheap because nobody uses it
How do I respond to this fud?

>governments (USA/EU/UK) will ban it
How do we counter this fud?

The only cryptocurrency that has an ACTUAL use case.

Why is Monero a terrible investment despite it's usefulness? I think the idea of privacy when it comes to money gives it a lot of power. This coin has the power to snuff out taxes through money laundering and could keep all purchases secret.

YET
No one invests in it (or at least compared to other cryptos). Is there something fundamentally retarded about it? Why does a shit coin like BAT have more potential despite no one using it. This is a serious post and not just some shitty shill posts btw.

Title. pic unrelated just the only real cash coin

Darknet markets and Coinbase have been waiting for this. It just arrived.

Textbook bull pennant forming... Should break out soon

The only safe place to park your money for slow steady gains

$400 Monero this weekend