/biz/ - Business & Finance

first

thinking of pouring £1000 soon into this, then £100 per month
this is the coin of the future, all the other shit that's shilled on this board are pump-and-dump done-and-over-with-in-2-months schemes
THIS IS NOT A SHITCOIN

>>24967146
It's at an okay spot, I think it's mainly bleeding sats because people are scared of potential legislation and its impact.

>>24967006
How are you going to cash out when the Global Hebrews block it?

>>24967228
planning on keeping logs of all buy transactions on my exchange
then I'll show them to HMRC and pay all the needed capital gains taxes

>>24967228
in-person, or if you can wait a year or two atomic swaps with bitcoin.

>xmr thread

>>24967146
Soon the darknet exchanges will all be using xmr, and seeing as crackheads buying their fix is what kept bitcoin afloat for all these years, through thick and thin, I think XMR will be at $500 in the forseeable future.

BIG NEWS TODAY LADS
WHM announced that they no longer allow Bitcoin payments, see pic related. This means the largest dark net marketplace is now 100% Monero.

>>24967228
by paying taxes.
>>24967146
nice anon, you certainly have the right idea. the market is very hard to predict so you might want to divide that bulk payment up a little, but then again you could be right and Monero's value can continue rising.

>>24968267
Oh damn. Big news

>>24967242
I mined and spent and lost various amount of XMR on legal shops (no, srsly) in the past 4 years, some have touched exchanges, some didn't, some went in and came back

I still should be able to get mining pool txs and the wallet I use is still the same.

My whole crypto history is a mess with holes everywhere, luckily no taxes on crypto till 50k holdings (am poorfag), but still I am afraid if I cashout it will be an instafreeze + enlisting on some bad goy record

Wat do

>>24968477
you really should be fine.
but if you want to sleep better at night...
use localmonero to cash out

or buy shit using xmr.

>>24968477
>spent [...] various amount of XMR on legal shops
legal shops like what exactly?

>>24968267
>Monero is easy to get (yes, even in countries where it was "banned"), easy to use, the official GUI is much less buggy and the advantages of using XMR are obvious so there is no reason to use BTC anymore.

>>24968555
Drug test kits to be delivered free at raves for harm reduction purposes

>>24968555
https://www.getmonero.org/community/merchants

>>24968595
oh hey that's pretty nice of you anon
glad to see people sharing harm reduction knowledge

>>24968477
If you are concerned I would talk to a tax expert. There are people who specialize in these sorts of things. If you are willingly paying taxes the government probably won't pay you much mind, especially at your holdings which don't amount to too much.
>>24968573
do you feel it?

>>24968657
Had the same idea, but most fiscalists in this country don't even know what a bitcorn is.
Should I try regardless, maybe cashout, then reinvest in a new and clean exchange account, keeping a nice excel sheet of movement as I should've done from the very beginning of this adventure?

>>24967242
lucky you
I am gonna get fucked by the taxman should I ever cash out since my transactions are such a convoluted mess
and I am doubly fucked since crypto to crypto is also taxable...

What potential problems could there be with monero in the future? Could it feasibly be banned?

>>24969258
I think it's as feasible as banning encryption, i.e. not that easy
You can't really ban math

Any price predictions?

bros, why have we been dumping in this bull market for the last week?

>>24969428
Should at least climb back to 0.01 in the next months I suppose, if BTC calms down a bit

>>24969475
We pumped during the bearcrab at 19k
I don't know why but will take some time to consolidate

>>24969258
never

Can someone explain to me the mindset of a zcash holder? Why are they so anti monero?

>>24969258
IRS trying to crack it down maybe

>>24969565
they're down over 90% from an ath of $760

>>24969258
all three of these things already happen, but I expect it to get worse over time.
1. government propaganda - e.g. claiming people can be tracked by Monero through the media thereby making it seem like it isn't ideal for private use cases (similar to what they do with Tor). They can also fud the cryptocurrency by using sock puppet accounts on message boards.
2. normies making the Monero community suck - So far Monero has achieved its growth because it cares about being used as cash. So if the community gets flooded with dumb normies, it will then lead to moonboyism instead of continuing the pursuit of privacy and scaling improvements. Fortunately, it would appear that we still have at least one year of Monero being outside of mainstream notice, but it's only a matter of time before journalists begin covering the new, powerful crypto being adopted by dark net markets...
3. butthurt bitcoin maxis - This isn't really that big of a deal, but expect a lot of tribalism to come to head with Monero, with the threat of a stronger form of currency they will get deranged and do their best to fling poo at Monero. If Bitcoin maxis are smart, they should recognize Monero for what it is and embrace atomic swaps (this is, long term, what will happen anyways); but, I wouldn't really expect much from Bitcoin maxis other than the same fudding nonsense we've heard in these generals over the past year, such as the classics "infinite supply" or "pedocoin". The difference here though is some of these Bitcoin maxis will have a lot of followers, of which a lot of them don't want their investment to seem weak, and therefore they will jump on board with whatever nonsense comes out of their mouths.
>>24969565
they see the writing on the wall.

>>24967006
i just bought 20xmr did i do good?

>>24969775
wow fren this is very well said. I feel like all these attacks will just make it more comfy to hold. it would be harder if no one talked about it

comfy thread

>>24967228

>>24969313
>>24969559
>>24969595
>>24969775
Okay maybe I'll start buying every month. Anonymous transactions are the only use-case I'm really sold on with regards to crypto. Everything else seems like snakeoil.

>>24969858
>not all in

degenerate drug dealing pedocoin

you disgust me

>>24970399
so drug dealing and pedos didn't exist before monero?

>>24970399
do you eat pizza? Disgusting pedofood and pedosymbolism.

you disgust me

>>24968267

>>24970108
That's good enough anon, because it's use case is functioning as cash, by obfuscating all info past it and hiding wallet amounts

>>24970108
Of course you should do your own research, but I am in complete agreement with you. Monero has use case, and this separates it from an entire market of scams and empty promises.
And to add to my earlier post, you asked if Monero being banned is feasible and the answer to that is no. Similar to Bitcoin, Monero as a tool can be used for illegal purposes, but so are countless things one can have in their possession legally (e.g. dollars, guns, cars). The government has zero legal precedence to ban a p2p cryptocurrency. Literally zero. An ensuing legal battle would be extremely complex and would involve every other cryptocurrency, so therefore the government isn't going to come right out and drop too much clout on Monero -- they don't want to tip their hand, so to speak -- so instead they do a mixture of the things I mentioned in the previous post. They are essentially running out the clock before Monero becomes well enough known, which at that point they hope to have enough of an understanding to trace it (and they won't).
Additionally, there has been a big movement lately within Monero for compliance, as we had the legal white paper that was released in the fall by Perkins-Coie, as well as 'Comply First', an outreach program funded by Tari Labs created to lobby towards exchanges that Monero is well within their legal right, and that the government is completely powerless legally do do anything.
>>24970905
this gave me a hearty kek

bought this shit at ATH in 2018, I thought it would follow bitcoin's trajectory. JUST

>>24971163
yeah I'm hoping we're going to catch up in 2021 and forget about this awful december

>>24967688
Based