/biz/ - Business & Finance

what is the best potential price to buy during this dip? $130 or $120?

based thread
fuck the market crashing I ain't fucking selling!
no fudders or pajeets in our humble thread

cope

>>26303544
sure bro

Suicide stack here hope it drops to 120

>>26303158
Why is Monero so god damned comfy? Send me your comfiest Monero related pics.

>>26303239
you wil probably lose the dip while waiting, just buy some now, if it dips lower buy some later, and comfy hold like us

>>26303239
>>26304075
but answering your question 130 was the low from bittrex delisting so that might be a good point of support

>>26303843
>Why is Monero so god damned comfy?

Because its like the Promised Land: we're not quite there yet but we can already see it in the distance.....

>>26303158
i love monero

>>26303239
$80

Im just going to buy monero when i need to get stuff in minecraft-
I could tolerate bleeding sats, but bleeding USD?
yeah im out, this shit has less volume than most shitcoins on binance

>>26303239
60-90

>>26303843
Because (((they))) are powerless against monero

>>26303239
If you are hoping for higher returns after dip then go for 130$ if you want to play it safe go for 120$.

Last night I wished for Monero to dump and I woke up to $140 XMR.


Buy while my dream magic is working.

>spend all day yesterday flipping shitcoins to get a 5% increase on my monero stack
>go to sleep holding monero
>wake up to 5% loss

yeah i dont think i will buy monero for the time being bros, its just too out of the normies radar atm

>>26303843
>>26304361

>>26304343
>>26304531
why are you spamming the general with moonboy faggotry? Sell and move on, nobody cares. Monero chads are accumulating. Short term price fluctuations are meaningless.

https://youtu.be/aC9Uu5BUxII

Monero means Money.

I think I’m going to buy up some Monero coins (physical) and shoot some royalty free stock images, I’ve noticed news articles like to use stock pics like this and there aren’t too many like them for Monero.

How do I stake XMR?

>>26303239
Wait till $100. We will dump together with BTC

>>26305675
Oh I can't nvm

>>26305723
I’ve heard of some kind of liquidity pool with wrapped XMR but that’s about as deep I’ve read into it, it sounds new and I’m not gonna be the crash test dummy with my precious baby stack.

>>26305617
Something like this? thats a great idea anon, the media needs more images so they can share their "Monero used to buy drugs" news

BROS
i have a plan, we take the code from monero, and push it into the bitcoin code..
boom.. dont @ me

@>>26307120
Wtf bro

>>26307159
relax.. its not that i already know.. that IM A GENIUS

>>26304520
i had a dream btc went to 25 k. woke up and it was almost halfway there

>>26306473
Stuff JUST like that, a bunch of them next to BTC coins, standing up neatly while others are lying flat in a jumbled pile, etc.

xmr is unironically a shitcoin, isn't it?

It's just like 10 people here who fell in love with "muh fundamentals" and are trying to cope with their wasted opportunity.

>>26308360
Not a shitcoin when it has real world uses

like when (in minecraft) I use it to transfer money to non KYC exchanges so I don't have to worry about paying taxes (in minecraft).

>>26308360
>xmr general
yes, and?

Its the curse of the general threads, they have always been AIDS and now they have jinxed monero, fuck you and your general threads

>>26308360
Based demoralization shitposter.
You really got the “moonboi swinger” trope down.

>>26308560
Yes, because Monero General circlejerks on 4chan dot fucking org slash biz mean anything to a multi-billion market cap privacy coin.

If my meme posting actually moved markets I think I’d quit my job right fucking now and go home to shill harder.

>>26308692
These moonboy fags are the same anons in each general. So fucking annoying. They never post when monero is mooning. Ironically they only post during buying opportunities because they are too stupid to understand that fomo investing never works.

>>26308427
those big nose villagers are really greedy right frens

>>26309067
Monero is currently looking like one of the safest assets across multiple markets, I really do not know point fudders really have other than “other coins might be better short-term picks”

We're going sub $100, aren't we?

>>26304343
Literally every coin is bleeding right now except the pyramid schemes. So you're not going to hold any crypto then? Except of course if you go all in on tethery what an investment!

>>26309269
what could be causing this?

>>26309422

>>26309422
>>26308560
>>26308360
>>26304531
>>26304343
These posts just have to be bait, there's no other option.
Did you guys even look at the chart's? We're UP in sats, but dumping in fiat because of the whole market crashing.

You guys remind me of the outraged market sellers of BTC at $5k last march. They said the same thing, what a scam, not holding this shit any longer, going to 500$, not a store of value, etc.
People selling at the bottom honestly deserve nothing less. Go ahead, don't let the door hit you on the way out.

>>26308360

>not pumping irrationally = shitcoin

>"muh fundamentals"

>wasted opportunity

Thinking like this does not bode well for you in the long term. This market is a classic bubble and is thus exceedingly irrational and subject to speculative manipulation, therefore pricing is a useless metric as far as gauging quality is concerned.

But has history has shown, the bubble ALWAYS bursts in the end and only those with solid fundamentals remain standing.

https://en.wikipedia.org/wiki/Tulip_mania

https://en.wikipedia.org/wiki/Dot-com_bubble


And if you have issues with delayed gratification then you're pretty much doomed to struggle for the rest of your life.

>A growing body of literature has linked the ability to delay gratification to a host of other positive outcomes, including academic success, physical health, psychological health, and social competence.

https://en.wikipedia.org/wiki/Delayed_gratification

>>26309637
Up in Sats or up in USD.
You copers always just choose whatever is more convenient to help you cope.

>>26309422
>what could be causing this?
that cunt yellen talking trash on cryptos

>>26309752
>J-just wait 8 more years. We'll get our x3 sooner or later

>>26309824
Show me ONE single coin that isn't a ponzi which didn't utterly dump in the last 12 hours.
And no, DOT dumped too if you look at the charts, more than a 10% dump in the last 12 hours, worse than monero.

>>26309269
I fucking hope so, I need to accumulate more.

>>26309943
>>26309752
>>26309637
Im actually kidding guys.
Im just fuding because i know xmr can take it and i want to fill my bags.
We cant ALL be rich, so maybe just the people who understand what this coin should make it.

If my weak fud can make you sell then you didnt deserve it anyways.

>>26310083
How about you stop being a faggot and contribute to the conversation?

>>26309931
>>J-just wait 8 more years. We'll get our x3 sooner or later

>x3

Anyway, yeah. Buying vaporware shitcoins = essentially gambling: you can win big but you can also lose big, and without any rhyme or reason. Roll the dice and pray.

Meanwhile, sitting on a fat stack of Monero = comfy knowing that one day you'll be set for life because black markets, tax evasion and money laundering are inevitable.

>>26309232
lol no, even total shitcoins are gaining sats

>>26310083
>fudding to fill my bags
This is basically like going down to your local store and smashing the windows, saying "I just want cheaper food".
Posting on /biz/, especially a low volume board will not affect a high cap coin by even a hundreth of a percent if everyone here market bought/sold at the same time.
Don't use this as an excuse for shitting in your own hands and flinging it around this general like an ape.

>>26310351
>sats

You still don’t understand, do you? I’m measuring in Picomoneros, dipshit.

Thank goodness I sold my xmr stack for more polkadots yesterday

>>26308427
I feel so dumb, I can't can't even start to imagine how someone in minecraft could cash out (significant) amounts of crypto without getting a visit from the taxman in minecraft

>>26310425
>picomonero
We should call them Centeros

>>26310083
I think anyone who isn't a newfag understands this. Sometimes I even shill 0xMonero if I want to bait (You)s. Also, when is pic related poster coming back? He always made me super comfy and I miss him.

>>26310438
Bitconnect was all green even on hard BTC dumps, great investment overall.

monero is a long-term hodl

invest in subversive tech

>>26310447
you still pay the taxman, but when you do you transfer it all from your non KYC exchange back to a KYC exchange using Monero (in minecraft), then sell it for cash and claim it all as long term capital gains which have much lower taxes and claim it was a wallet you purchased years ago and forgot about, this is all in minecraft of course.

The best has yet to come frens

>>26310524
Fuck yes, it sounds very obvious given “Monero” and both names play off of vocabulary most people already know “money/Monero” “cents/centeros”

>>26310837
Damn. Theyre really gona crash this whole thing arent they.
It's not like the new administration is crypto friendly anyways.

The next few months will be the time to lay the groundwork to become rich.

>>26310821
lol this is similar to what I did (in minecraft).

>>26310821
can you recommend a non kyc exchange? i can't find any beside >localmonero.co

>>26311248
the OPs post has some

>>26311076
Kinda happy the IRS fucked up sending me my $600 stimmy, I would’ve bought at $160 if I did.

Now it’s gonna be both shimmy checks AND tax returns going balls deep hopefully sub-$100

>>26311076
I agree that even if the alt season is beautiful, it seems the party is over given the regime change and the amount of attention on crypto. Do you think that XMR is the only bet?

>>26311331
Where do you think the price is going within 6 months?

>>26310425
Piconeros.

>>26303158
The stock market is about to fucking commit suicide
I'm only buying XMR and bonds.

>>26311461
>>26310425
Moneritos

>>26310969
>>26310524
I don't think we should use a word that misrepresents the fraction of a monero. A cent is 1/100 which is very different from a piconero. Also it wouldn't be centeros for so many reasons. Besides the fact that centero isn't a real word, the plural would be centeroj to be self consistent with monero. I wouldn't mind something like pecoj, which translates to pieces/bits in Esperanto, but I understand why people wouldn't want to go full Esperanto larp. Either way piconero is already an official term and is better than centeros.

>>26311434
I hate trying to pick exact bottoms and tops, but I’d say if you can get XMR under $100 you should seize that opportunity.

>>26311642
Do you want to be a technically correct geek or do you want it to easily make sense to the average dumby?

Also if monero means money isnt it dumb to say "that will cost 3 monies"

>>26311957
monero is litterally translated "coin"

best alternative i've heard so far is "neros" as the smallest unit

>>26310821
oh, I guess that makes sense in minecraft

>>26310719
people like you probably scared him away from this godforsaken general. This used to be such a comfy place, but now is like 90% trollposting baiters who then say "hehe XDD Just fillin my bags"

>>26312207
>>26311642
I think one of the great things about Monero is its name.
It's the kind of name that can i can see becoming ubiquitous.

Piconero is gay and Nero sucks.
Centero rolls off the tongue and gives me the same feeling as when i hear Monero.

>>26312666
Mass adoption by blacks incoming when some rapper makes a song about how he calls his bitches and sneackers monegroes or something

>>26312356
These generals are still comfy.
It’s mostly the same fag who is troll posting because of le epic meme.
We have had really great threads this month despite the stagnant performance, so I’m optimistic once we start pumping we will pump pretty hard.

>>26303158
What happened in 2018?

>>26312973
BITCONNNNEEEEEEEEEEEEEEEEEEEEECT

>>26312666
Don't scream at me, this thread is supposed to be comfy.

>I think one of the great things about Monero is its name.
Fully agree. It's the only crypto name that you could say at a checkout register and not sound edgy af.

>Piconero is gay
piconero is not a name that was choosen for the sound of it, it's simply applied SI prefixes. SI prefixed are great for engineering so it's no surprise that one of the nerd developers suggested that - I would have, too.

>Nero sucks
I like that it's short like "sats". As sats is a term for crypto nerds, so could be "neros"; but I have no strong feelings about this.

>Centero rolls off the tongue
Unfortunatly "Cent" is a SI prefix as well as 1/100 of a full unit. You can't just willy nilly assign another value (eg 0.000000001xmr) without confusing litterally everyone. It's also impractical as prices would be "1 million centero" or silimiar

>>26303158
Feeling comfy today.

>>26312787
I agree, rappers bros may be the main catalyst for Monero adoption. We should even focus some community energy on that, imo.

>>26304343
Do you think seeing some faggot sell us cheaper XMR is going to demoralize us like you?

I sold the bottom lads

>>26314084
it's not the bottom yet. bought your coins anyway

>>26314264
I was the bagholder in 2018. Don't want to repeat my mistakes.

>>26312973
This guy:>>26314423

>>26314423
this is like selling at 105$ in 2018, I'd be glad to take care of those bags for you, no problem there.

>>26303158
no one uses this shit for anything other than buying shit off white house market u dumb fuck. the currency will remain static forever. invest in literally anything else

>>26315256
you are one rope away from claiming your retard prize

Any NYers in here with xmr?
What did you use?

Personally I'm never selling, only buying.

UNKNOWN AMOUNT

>>26315560
Based.

>>26315513
fucking based

>>26315512
Fellow new Englandfag here, I used Kraken.

>>26315513
you should be using monero

that bring it long-term value and creates a circular economy.

This is what BTC maxi's don't understand

>>26303158
people literally use this coin to buy crack

you know that right? its pretty immoral

>>26316846
based, that makes me want to buy more

if there were a coin to support the destruction of the world ecosystem and promotion of racism I would buy it with all my life savings.

>>26316846
imagine being a moralfag

>if there were a coin to support the destruction of the world ecosystem and promotion of racism I would buy it with all my life savings.
Uh, hello? Based department?

>>26303158
Didn't monaro got cracked and traced 6 months ago?

>>26317184
Weak bait

>>26316846
>>26317096
Don't feed the trolls please, just ignore the posts

>>26316846
No, the dealers use Monero to purchase the raw cocaine that will be cooked INTO crack.
Base heads can barely operate an ATM, fucking forget about blockchain for now. Still far too clunky for them,

>>26316846
you know your taxes are used to kill innocent people abroad.

>>26317222
https://coingeek.com/monero-is-traceable-using-new-ciphertrace-tool/ what's this then?

>>26303158
I'm losing so much money holding this private dogshit

>>26317601
please sell
do the needyful sir

>>26316846
>>26317442

>>26317601
>this much on a phone wallet
dangerously based

>>26317601
>holding private dogshit
Hehe, that's funny.

>>26317523
kek.

>>26317523
>https://coingeek.com/monero-is-traceable-using-new-ciphertrace-tool/ what's this then?

An attempt to rustle up some attention just as the IRS was about to award a $1.25 million contract to crack Monero.

Didn't work tho, they failed to impress the IRS with their bullshit claims and the contract was awarded to other bidders, haha.

>Chainalysis and Integra Win $1.25 Million IRS Contract to Break Monero
https://news.bitcoin.com/chainalysis-and-integra-win-1-25-million-irs-contract-to-break-monero/

>>26317828
Thanks anon

>>26303158
Can someone explain why monero is better than zcash? I hold both but I like zcash as you can buy/sell it on more exchanges so it's more convenient to actually use.

>>26303158
I used to like Monero but with recent news that feds are able to trace transactions I lost confidence. I sold my XMR stack for a scam called SAFEX that is literary an identical clone of Monero but with a huge possibility that will do 100x because its economics created by SAFEX Chief Economist Ivana Todorovic is based on a Polish MLM system that never fails.

>>26317893
>Can someone explain why monero is better than zcash? I hold both but I like zcash as you can buy/sell it on more exchanges so it's more convenient to actually use.

Zcash's privacy isn't good enough to warrant darknet adoption, therefore Monero is still the better option.

Their reworked model with long-term APY can bring 300% guaranteed income

>>26318071
>I used to like Monero but with recent news that feds are able to trace transactions I lost confidence. I sold my XMR stack for a scam called SAFEX that is literary an identical clone of Monero but with a huge possibility that will do 100x because its economics created by SAFEX Chief Economist Ivana Todorovic is based on a Polish MLM system that never fails.
Nigga, you'll better stop posting that thing before i take your efriums.

>>26317893
>optional privacy
>not many people use it (like 3-5%)
>low transaction count
>small anonymity set

>>26318071
>MLM
>never fails
ngmi

Monero is the greatest crypto ever invented.

>>26316803
buying and using but never selling

Are you lads using your own nodes or connecting to public ones?
I'm gonna start holding monero and investing on a regular basis (because it's the best crypto) and I'm downloading the blockchain right now.
I wanna be secure and snugly hold on to my monerinoes for years to come.

is it a good time to buy 1 XMR? i never made an investment

>>26317828
>yeah it's bullshit, they use tool A to track monero instead of tool B.

>>26319088
you should be hosting your own if you're not retarded.
also create a cold storage if you're planning to sit on tons of monero

>>26319150
wait for BTC to finish crashing.

>>26319318
yeah I'm taking all the precautions don't worry
I'm just wondering if I'm being paranoid but I guess there's no reason not to take precautions when it doesn't cost anything

>>26319419
well you should probably host the node through a vpn or tor to be extra safe. it's p2p after all, treat it like bittorrent.

>>26319261
>>yeah it's bullshit, they use tool A to track monero instead of tool B.

Its all a cash grab, as we'll find out in May when they present their results and predictably come up with nothing.

>>26319088
hosing your own node is the chad thing to do.
Welcome to the club anon. Glad to have you!
>>26319419
In addition to improving your opsec (observers won't know when you send transactions if you host a node) you also help maintain the network if you open up your monero port -- in doing so you'll help broadcast transactions to other nodes.

>>26318810
why did you just describe a real currency?

>>26319590
I'm expecting them to say "we can track Monero" and then providing no proof. Gotta fud Monero somehow.

what's something I can spend my XMR on in minecraft or otherwise?

>>26319683
you can pay for anything that accepts bitcoin with xmr.to

>>26319590
>as we'll find out in May when they present their results and predictably come up with nothing.
I very much doubt it, Monero has some real flaws, the developers have even published a video series detailing all of them
https://www.youtube.com/playlist?list=PLsSYUeVwrHBnAUre2G_LYDsdo-tD0ov-y
They're working to fix them though.

>>26319683
Illegal items on 2b2t

>>26319590
“Uhhhh, we-uhhhh, we were able to uhh, d-determine with 59% certainty that these, uhh... these 5 wallets, uhh, they belong to this politician”

“Uhhh... we were able to determine this because he used a KYC exchange and did not try to mask his identity. We don’t know how much is in them, but we’re 50% certain this one guy owns some XMR”

>>26315440
What's the prize?

>>26311642
No one gives a shit about Monero's esperanto origins. It's literally the worst thing about Monero.

>>26304361
This is such a dumb meme. Monero isnt a threat to shit, and even if it was it would just be banned. Something only becomes a threat to something when it has the physical defense to protect it. Monero doesnt have a private army.

>>26319936
1.221 XMR

>>26320014
Even if it was banned, it is decentralized.
>Monero doesnt have a private army.
Well... there's definitely a cult surrounding it.

>>26319730

The fact that the devs themselves are openly and publically pointing out the flaws should tell you something.

As it stands, Monero itself is untraceable, bad OPSEC is another matter and that's what these teams are trying to exploit.

In any case, nobody is actually worried about Monero's reliability and its darknet adoption continues to increase unabated.

>>26320014
>Monero doesnt have a private army.
they have my axe

>>26319150
>>26319363
so in short, yes, this is a good time.

>>26319930
>“Uhhhh, we-uhhhh, we were able to uhh, d-determine with 59% certainty that these, uhh... these 5 wallets, uhh, they belong to this politician”
>
>“Uhhh... we were able to determine this because he used a KYC exchange and did not try to mask his identity. We don’t know how much is in them, but we’re 50% certain this one guy owns some XMR”

>>26320119
Pretty much, many of the flaws listed are either just from bad OPSEC, or are too hard to be exploited in real life. It's miles ahead of other coins (ZCash might have been able to contend with Monero if they were also private by default).

>>26319930
Half of me is expecting it to be this.
Anybody can do this by the way, just run your own public node and start logging IPs.

>>26320413

"Well, we tried! Thanks for the $1.25 million!" ¯\_(ツ)_/¯

Monero CAN actually be tracked through breadcrumbing of fractured ring signatures.

I don't get why xmr.to only works one way. The developers of monero made a swap that only lets you SELL monero for bitcoin, but not buy it? What? Only exit but no entry?

>>26321480
That’s right. I sold my Monero for Piratechain after I researched this more deeply.

What would you do if it gets banned and the price drops like crazy?
Alternatively, if doesn't get banned, what price are you expecting it to reach in 5 to 10 years? Can it replace Bitcoin

>>26321480
tell me more

>>26322114
>tell me more

>Broken Privacy? The Allegations Against Monero Are Old News
https://www.coindesk.com/broken-privacy-the-allegations-against-monero-are-old-news

>>26322047
>That’s right. I sold my Monero for Piratechain after I researched this more deeply.

Make sure you alert the folks over at https://www.reddit.com/r/darknet/, they seem rather preoccupied with Monero lately.

>>26322047
Kill your self raj

>>26322053
>What would you do if it gets banned and the price drops like crazy?

Narcotics were banned and prices didn't drop. Scarcity = higher prices. In Monero's case, a ban would mean an admission of XMR's reliability, which would actually make it even more desirable.

In any case, atomic swaps make the prospect of outlawing Monero irrelevant.


>Alternatively, if doesn't get banned, what price are you expecting it to reach in 5 to 10 years?

Read the Satis Group projection. In their professional opinion illegal enterprise will push Monero to $40K by the end of the decade, give or take a few years.

https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A


>Can it replace Bitcoin

In a sane market, it would since BTC is non-fungible and vulnerable to governmental blacklisting, not to mention everybody can see your balance and trace your blockchain history. They keep bolting on fixes but at a certain point it just becomes easier to use Monero.

XMR = BTC but actually good.

>>26322114
I read that they're currently trying to fix this by expanding ring size, but i think hypothetically the attack could still happen in the future but it would require exponentially more addresses

>>26321480
Okay Papi, tell me how much XMR I have, then.

>>26323411
1.3702 XMR

>>26317184
>>26317523
its true!! Monero has been cracked!!!
CipherTrace CEO discussed exactly how they traced it in this video
https://www.youtube.com/watch?v=w5rtd3md11g
t. the math guy

just made this, thanks for all guys

>>26324158
Based

>>26324158
>associating xmr with a political party or state entity

go the fuck back

>>26324550
>not hating kikes
Unbased and redditpilled

>>26324592
xmr is a-political, shitstain. this goes for any association with any political party. why try to tarnish your own investment's reputation? or are you this short sited?

>>26324918
it shares some similar points, also no need to make a drama, its just something i wanted to make for fun on random forum, i wont alter the reputation of the coin altough it would be amazing

I’m actually interested in adding this to my portfolio but need more info. Someone tldr me

>>26324158
Where can i buy one.

>>26324918
>getting this mad
You are posting on /biz/ you retard. Normies don’t come here.

>>26325136
It's like Litecoin, but with a cooler name.

>>26324158
>>26324550
>>26324592
I think the best part of this exchange is that the XMR community is both diverse in views AND self-governing.

Based.

>>26325220
Hmmm. LTC kinda has shit performance though compared to the other top ten. Would you say monero outperforms it?

>>26325293
Yea. We getting atomic swamps soon too.

>>26325182
you must be new if you think biz memes/images do not leave this board. why even make the association if you are serious about the project

>>26324918
most based

>>26325395
"serious about the project" cringe and sound like a redditor, are you 60 ? learn to enjoy life

>>26325136
Tl;dr Monero is the only coin that you can sleep easy knowing it TRULY keeps your finances private. The community around it is probably the most tech-savvy in all of crypto and it’s PAINFULLY undervalued.

>>26325392
Legit good news

>>26325505
YOU are the cringe you fucking short-sited retard. im probably not much older than you but ive been ddosing banks since you were still in your dad's sack

>>26324550
>>26324918
>>26325395
>>26325667
>t. jew
Go back.

Guys please be friends.
You dumb niggers

>>26325753
>defending the application identity politics to a form of currency

you are the jew

>>26325753
yea, sounds like personal concern

>>26303544

cope with this utility and tech

>>26325847
Kek
>>26325888
Wow anon that’s very offensive calling somebody a Jew. I’m going to screen cap this and post it on Reddit. Oh man we are going to lose so much money because of you.
Do you see how retarded that sounds?

>>26324158
>>>/pol/
back to your containment board

>>26324158
While I'm not mad about natsoc I don't really see the connection between swastikas and monero. Wouldn't national socialists be against a project like monero?

>>26324158
(You), while doing this:

>>26326332
Hitler might have used monero if he wasn't on the payroll of the bank of England. What could have been.

too much pol faggots on here

>>26326538
>>26326332
the only reason he lost is because he went after france who were already fucked (he forced them to sign in the same location Germany was sued for peace in ww1) instead of knocking out the British

but keep the xmr and natsoc themes apart

>>26326668
this
historically, the target audience of money were the jews, you cannot just exclude us like that

>>26323842
if they truely could trace it why would they announce it?

>>26325507
Would you say XMR can bring more profits than Link? I fully support Monero, but as a poorfag I gotta prioritise making it.

>all of these 1pbtids all of a sudden
Really jogs the noggin

>>26326800
depends on when you want to see results, immediately or in the long run

I love reading the ignorant and uninformed opinions on that new Monero-is-better-than-BTC video on YouTube.

>Monero has a fatal flaw in that it lacks a supply auditing mechanism. There could potentially (or has already) arise an inflation bug, that would get exploited to slowly dilute token value until not noticed. Even in the best case scenario if no such bug is present, Monero will be taken down by government sooner or later because of its nature of attracting criminals and lack of auditability. One has to look no further, than the story of Liberty Reserve.

>it's so slow though ... bitcoin isn't that public or we would know who Satoshi is. just mix them coins

>Someone told me to stay away from any coins that have the letter X in their trade names like XRP because they're used to digitally launder dirty bitcoins/litecoins/etc. and have a history of failing because they're pump n dumps. Is there any merit to this theory?

>If there's such a large supply of Monero what is to stop it from becomming the new fiat? If anyone can mine it and there's no upper limit, sure the FED can't as easily print it but what's stopping the inflation from going crazy just like it did with cash?

>How does this compare with Dash PrivateSend?

>Why BTC will always be better than Monero: I know for a fact that no one (till now) made Bitcoins out of thin air. The disadvantage of having 100% privacy is that no one can ever check if monero has a bug. Someone out there could have 1000000000000 Monero in his Account and we would never know. Sure monero isn't a complete shitcoin, but you should never think that a small network like this could ever even compare to BTC. Not in a technical level and not even close in a security level.

Did you buy the dip?
I missed out due to having no liquid cash
feels bad man

>>26317893
>zioncash
ngmi

>>26326777
>you cannot just exclude us
watch me

>>26327000
>no one can ever check if monero has a bug. Someone out there could have 1000000000000 Monero in his Account and we would never know.
Why is that wrong though?

>>26326800
LINK has a higher market cap than XMR right now, so assuming you saw the same exact influx of funds on both, Monero would make you more profits.

That being said, LINK is going to be a BIG part of decentralized finance going forward, I think we’re going to have to wait for ETH 2.0 for REALLY big gains, though.

THAT BEING SAID, I bought LINK early (average buy around 40 cents) and XMR late (I literally just started buying to hold after the Bittrex dump a few weeks ago, but traded it around a lot when it was seeing ridiculous volatility a few years ago)

>>26303437
the jew fears the Monero holder

>>26327000
fucking kek

>>26327089
it'll dip lower yet over the next day or two, fudding has been extreme lately

>>26327149
So to clarify what I mean, both need to dump for a while, if you’re a poorfag like I was when I started out, go for the lowest market cap project you’re confident in. In this case it’s Monero.

DEFINITELY GET SOME LINKIES TOO THOUGH, when you can.

mmm $135 XMR cheapies

>>26326538
Why do you think Hitler would have accepted monero? The natsoc boot of the state wouldn't know which degenerates to squish if it can't see the flow of money. I'm certain he'd want an open ledger instead. The natsoc swastika doesn't just mean "fuck niggers and usurers lmao based"...

>>26316846
>frog
quality bait, i give you a 6.5

>>26327344
Semi-related but I have come to the conclusion that Monero is a sort of early-warning radar for what crypto is about to do
>starts mooning a couple months before bitcoin started mooning
>crabs/dumps only a couple weeks before crabbing/dumping started occurring

>>26327143
Cryptography.

>>26327433
Because Monero is the coin that the cool kids who wear turtlenecks and black bottlecap sunglasses, who never reveal their secrets and move in silence use.

Truly the cool kids coin.

>>26327000
We're just hitting newfag levels previously thought impossible.

>>26327143
>>no one can ever check if monero has a bug. Someone out there could have 1000000000000 Monero in his Account and we would never know.
>Why is that wrong though?

You can verify the integrity of the supply by:

>Summing up all the coinbase outputs, which are unmasked (i.e. in the clear).
>Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
>Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

>>26327000
>>Someone told me to stay away from any coins that have the letter X in their trade names like XRP because they're used to digitally launder dirty bitcoins/litecoins/etc. and have a history of failing because they're pump n dumps. Is there any merit to this theory?
xcm

>>26322626
Thanks for all this info. I've been looking for reputable professional opinion on crypto instead of bull-traders and pajeets.
>>26327231
Which of the two do you see going up or down in the near future? I'm currently holding PRQ to try and get at least a 5x, and then go all in on Link or XMR depending on which one is dropping. I'll also start being a wagie very soon so I'll have some monthly cash to invest on both of them.

>>26327744
>PRQ to try and get at least a 5x
you came in late didnt you anonette

>>26327785
Could be worse. 0.88 for based keks.

>>26327709
That's hilarious. For the record, XMR's ticker begins with X to comply with ISO 4217 which requires that the symbols for currencies not specific to a nation (i.e. any crypto) begin with an X. Monero's compliance with ISO 4217 doesn't really mean much of anything but it's nice to say we try to fit in the same way Ripple does.

>>26320014
>monero isn’t a threat to shit
>richest, most powerful country on earth tax authority places 2 bounties on monero
Lol. We are so early bros. XMR is btc in 2014-2015: darknet standard, declining price, absolute disbelief that it could ever “moon” again.
Cheers, friends. We have already made it. Just be patient.

>>26319088
i'm pool mining with a smaller pool on all my work computers and writing the electricity cost off as a business expense. Considering a new one for mining as well. By this time next year i expect a lot more people to be using computers for mining, the dificulty will increase very steeply

if you're running a full node, consider letting it hash away as a form of community lottery, you'd be spending part of the electricity anyway

>>26319718
what's the rate of exchange?

>>26327929
thats really interesting, i didn't even know that, thanks anon

>>26328030
Yeah it’s a matter of being patient and on boarding noobs.
Eventually moneros power will be valued. By that time, we will already have stacks.

>>26328057
>using computers for mining
as opposed to?

>>26324158
Put Monero's logo instead of the pajeet windmill and it will be perfect.

>>26324158
sieg heil

>>26326738
He conquered France in six weeks
The USSR was the mistake

>>26329202
Nothing mines randomx as good as a pc cpu

>>26303158
What can we do to make atomic swaps happen faster? I checked the GitHub and there are no contributions recently

>>26327143
because math

>>26319088
Download the Monero wallet GUI and it comes with the node program, monerod, which will run in the background.

>>26330462
Nothing

Seems like XMR entered an extremely bearish trend back to 50 we go.

>>26329202
He expects a lot more people to be using their personal computers for mining, as opposed to a dedicating mining machine.

>>26330566
>tfw you bought at $158
>tfw you can buy more in the future

>>26330462
>What can we do to make atomic swaps happen faster? I checked the GitHub and there are no contributions recently

The team is making monthly updates on Reddit, they're still in the preparation phase.

This kind of thing can't be rushed, they need time to get it right and work out all the bugs.

>>26310821
wont the taxman in minecraft know you bought xmr with non-kyc exchanges like kucoin, because your bank reports it?

>>26330566
It’s over

>>26330810
That’s why we need atomic swaps

>>26326668
>>26326777
these anons are right, who do you think the whales are here? A good chunk of the community are jews themselves, quite unfortunate that with the fight for freedom come the pol fag libertarians.

>>26305675
>>26305723
You can.
Incognito exchange pays you 13% APY on XMR.

>>26326777
>us
Hahahahahahah fuck off shlomo
>>26331176
Good hopefully the nazi fud will cause their weak hands to shake.

>>26328030
Cheers!

>>26331176
>pol fag libertarians

>>26315171

>Sell at $105 in 2018
>Dips down below $90 in 2021

Not a terrible call

i wish XMR was lightning network compatible or something

>>26310821
yep, works in minecraft can confirm

>>26332735
https://twitter.com/aravind2112/status/1329420254884335617?s=20

>>26330864
For now, 50 is very strong support. It won't break.

>>26332397
As much as I like Mondeo this poser is gay.

>>26332992
Good. Gives a chance to those of us who missed out.

>>26309978
this right here. I wish I had bought more in August lol

>>26332915
oh cool, thank you for this