/biz/ - Business & Finance

because it's a worthless shitcoin

it will take time :)

no paid company behind which paid for pump and dump

DAUERT BISSCHEN ZUM MOND BRUDI

>>12558605

Because its actually useful right now as a way to purchase drugs, guns, fake IDs, launder cash, evade taxes, etc etc, and thus isn't as plagued by speculative bubbles that shitcoins in alpha with no immediate use case go through.

>>12558605
Because Moneros price is strongly correlated to bitcoin. Interestingly enough it’s % movement to the upside when compared to bitcoin has been gradually increasing. If bitcoin doesn’t get its act together there’s no reason why monero can’t become the defacto store of value. If bitcoin can implement privacy you better fucking sell monero

>>12558605
Because it's the only coin people use for purchasing items. All the other coins are speculative trash with no adoption.

>>12558605
It's not regulator friendly which means it's not tax friendly which means institutional investors won't touch it which means it always does nothing in terms of price.

>>12558605
It went from $0.30 to over $300. What the fuck more do you want from it?

>>12558793
hahaha lol how delusional can you be
nobody expects institutional money to go into XMR

>>12558605
Because its used for a lot of transactions where people sell it afterwards. Its stable because its being used as a currency. It will moon eventually, especially as regulations become harsher and harsher until normal goyim cant own anything except it.

>>12558767

Based and red pilled.

>>12558774

Also based and red pilled.

>>12558812
so it already mooned. gotcha.
>>12558836
the amount of transactions are laughable at best compared to the other big caps.

>>12558959
Most of these transactions, for ZEC and DASH anyway, are from wallets to exchanges or between exchanges for arbitrage. DASH and ZEC have always had much higher exchange volume than Monero, historically. A lot of that has to do with the exchanges scalping on Monero withdrawal fees over the years which has been improved over the past few months of course, though the high fees were never really necessary in the first place. Even pre-bulletproofs, you could set a low fee and its not like your transaction wouldn't get packed into a block.

Long story short is Monero always had a disadvantage at being a high liquidity whale coin because it couldn't be arbitraged quickly and cheaply enough. That barrier is removed so we may see Monero eventually creep up in transaction volume to catch up to or overtake the others.

>>12559038
the thing is Dash is showing a clear uptrend.
XMR ... seems to be going down.

>>12559073
I don't really think we can read too much into two weeks worth of transactions to really draw much of a conclusion. Both XMR and DASH have been pretty consistent over the past few years.

>>12559110
Dash had a stress test a few weeks ago doing 3 million tx/24h so I could not get a bigger time frame on this sadly. would love to see the stats without the stresstests over a two yyear period.

>>12558605
Why would it go up? You buy it and use it, no speculation here.

>>12559177
Thought so. thnx frens, I know what to do now.

>>12559161
Eh, just drag the slider on bitinfo back over the years. You'll see that it's all the same basically. About 4-5k for XMR, 9-10k for DASH with spikes in DASH obviously. I really don't think this means a heck of a lot.
>>12559177
Not everyone is wash trading Monero. If they were, it wouldn't have spiked to $500 last year. Monero has plenty of speculators.

>>12558959
>thinking transaction volume above a certain amount has anything to do with real world usage
>thinking that centralized shitcoins can't or won't fake volume
>also thinking that scam exchanges don't perform wash trading

either brainlet or paid shill.

>>12559231
> assuming things

you are the brainlet.
I've looked at all the stats and came to conclusion that if I want to make money. I shouldn't hold monero.

thnx frens. later.

>>12559231
also those stats are actual TX on the network, not fucking exhcnange volume you super fucking retard.

>>12559240
>I've looked at all the stats and came to conclusion that if I want to make money. I shouldn't hold monero.
I just told you that you can't draw conclusions from any of these transaction stats, and that other anon pointed out that a lot of the transaction volume could be useless/fake. These stats don't tell the whole story.

Ignore the dash & zec shills

dash is an insta-mined shitcoin
https://www.youtube.com/watch?v=xBxbiH_Mg44

Zec is backdoored gov coin, (pic related)

>>12559293
its not the only stats i've looked at, tho.

>>12559301

Its also strange that they seem to post in every Monero thread ...

>>12559308
Like I said, good luck.
>>12559313
It's all so tiresome.

>>12559313
I made this thread lol. the fuck you on about.

>>12559313
>>12559381
i kind of don't want op as a member of our monero master race. let him sell.

Its a coin not an investment you dolt. Buy ETH

>>12559443
I sold last week, the best thing for my folio ever. it's going up again.

>>12559463
i rather have XMR than ETH.

Working products in this space don't really pump. Notice how all of the shitcoins go insane 5x's and shit but most other things just coast along. XMR is tied to BTC as another anon said and people just buy it to use for transactions, then sell it for cash.

>>12558605
>MUH never moons
Finally single digit I.Q.

How did Fluffy make millions from XMR? Did he simply get a lot of the premine or something?

>>12559492
>people just buy it to use for transactions, then sell it for cash.
There are plenty of people speculating on Monero too. It's not just washed for bitcoin solely. If it was we wouldn't see it fluctuate from .01 to .03 and back again over the past two years. People are definitely trying to game satoshis out of Monero but it's just not as popular as some of the others for daytrading for reasons I mentioned earlier in the thread.
>>12559652
Monero has no premine. Fluffy sold mining rack equipment during the heyday of bitcoin mining. He may have made most of his money mining bitcoin, but we'll never really know. Also, doesn't really matter?

>>12558746
>durable - B for all online things
>fiat is less portable than crypto
How does this work?

Using it is a real pain in the ass.

>>12559905
>Monero has no premine. Fluffy sold mining rack equipment during the heyday of bitcoin mining. He may have made most of his money mining bitcoin, but we'll never really know. Also, doesn't really matter?
It matters because I want to make money like he did. This is a /biz/ board. Selling mining rack eq sounds like a great biz model.

>>12560180
>Using it is a real pain in the ass.
it's literally easier than using btc or eth, the dekstop client is great

>>12558605
It has to do with the Market Cap. Once it reaches a certain point, it costs too much to wash trade it up. Invest into a low Market Cap, invest in Alloy.

>>12560234
>Selling mining rack eq sounds like a great biz model.
It definitely was a good idea back in the day, though being from SA I wonder if he was able to ship internationally profitably. I think PoW is going to be around for a while.

>>12560180
>can't easily use XMR really easy to use tools