/biz/ - Business & Finance

>>24466153
:)

>>24466153
Let's hope

Time to sell? Big dump incoming

Monero saw a BTC ratio of 0.02 for much of the 2017 bull run; It even peaked at 0.03. These days, it usually hovers around 0.007-0.008, with 0.006 acting as a long term bottom (this has held over the past four years). We are currently at 0.0068, seemingly forever stuck in a bleed out that followed our last ratio appreciation to 0.012 in September and October. Keep in mind that when Monero was pumping in this period, the rest of the market was stagnant; Also note how the USD value of Monero has held strong despite the ratio recently dumping.
In the past year, Monero's userbase has quadrupled based on daily transactions as a unit of measure. The organic growth, largely from dark net market adoption, is because of Monero's strong technological innovations to achieve blockchain privacy. Monero's block reward continues to fall, and is currently set at 1.28. The amount of Monero is already less than Bitcoin, and will remain this way until the year 2040.
It is very unlikely that Monero's BTC ratio will fall below 0.006 -- if it does, this would indicate a complete crash in the market. Instead, the chances of Monero growing substantially against Bitcoin are high based on history, the growth in adoption, and growing concerns about transparent ledgers.
If you are putting money into the market now, Monero is your safest bet as a long with the exception of Bitcoin. Monero serves a purpose that no the coin can currently provide, and the niche usecases of Bitcoin that depend on these things will long term move into Monero.
Get an unknown amount of Monero.
Get comfy.
>mfw I think of how comfy this is

>>24466153
>blocks your path

>>24466770
literally who?

>>24466752
Based

>>24466752
Holy based

Time to get a holiday bonus. New developments this month price will get a bump and at even .03 that's $3K.

>>24466752
Yeah... I'm thinking based

>>24466752
0xmonero

>>24468170
Lowest effort shill I've ever seen, didn't even bother to capitalize the shitcoin's name. I hope they aren't paying you much.

>>24466752
based

>>24466752
tfw read this and feeling comfy holding an unknown amount of monero right now. smartest post I've seen on /biz/ in a while

>>24466752
Remember, rich people aren't fond of their wealth being public knowledge. The certainly don't want anyone to know where it came from, where they are sending it etc. Bitcoin is completely transparent.

>>24468170
nope. 0xmonero is still vaporware bullshit
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/

>>24466153
Gayman Islands money entering Monero when??
Ron Paul, no I mean Raul Pal should know.
Doesn't he live there? Why doesn't he own XMR and only some lame BTC/ETH split lol