/biz/ - Business & Finance

Ultra comfy hodl

Comfiest shit coin try and change my mind

>>26460608
i literally forgot how many of these i even have...

>>26460593
>>26460608
based anons. holding XMR actually feels like pic related, even when the price is going down

Holding till 20K at least

Say, for educational purposes, that I don't like taxes.
If I move the current coin that I'm holding from a KYC exchange to a non-KYC exchange, and sell it there, does that transfer leave a trace or am I anonymous?
What should I do otherwise?

>>26461080
If it's a transparent crypto, chain analysis could follow it.

>>26461142
So taxes are going to be a must for this coin, and I should start from zero for anonymous holding?

>>26460478
Btw, the article on Cold Storage in the OP seems to be outdated. It says no hardware wallet is available for XMR and that Ledger was working on it. Now Ledger does have a wallet for XMR.

>>26461250
cant read, ngmi

>>26460478
so, is this worth holding? i got a few XMR some weeks ago

>>26461691
long term hold for diamond hands monerochads

>>26461577
ESL chad here, I understood perfectly.

bump

I buy and hold Monero on binance. No crypto taxes in my country though.. should I stop ?

>>26463150
not your keys not your coins

>>26462225
if red y question

>>26463150
dont stop, just transfer them to a cold wallet instead of leaving it on Binance, check the ones on >>26460478

>>26460478
>UNKNOWN AMMOUNT!

Bought a coin now that the price has gone down ;)

>>26464097
Where does this meme Come from, you've been posting him for a while now

>>26464232
not thaiboy monegro but
its thaiboy digital, an absolute based artist melded by the cyberspace.

>>26463641
In other words yes just practice general crypto security practices.

>>26464232
thaiboy goon from DG/dj billybool (his other persona)

Every other coin I hold is just an attempt at outpacing XMR in the short term so I can afford more XMR than my meager income allows.

Never fucking selling.

>>26460478
is there a way to support monero with a node? i have some leftover raspberrys dont know if they are good enough though.

>>26464638
Based
>>26464828
Of course. Running a node to help support the network is the chad thing to do.

Hey so I was considering mining to pay off my gaming PC, and with ethereum ending soon my hopes would have to lay with XMR, CPU mining is the only thing power efficient enough from the looks of it. But does anyone have any advice on this?

>>26465229
https://www.cryptocompare.com/mining/calculator/xmr

Unless you have free or v v v cheap electricity it wont be worth it

>>26464638
same + mining

>>26465326
considering price increases, it most certainly will be worth it post facto

>>26465229
It's exactly the opposite. Ethereum mining on a GPU and exchanging it for XMR is more profitable than just mining it on a CPU. Currently a 3080 will net you around 5 USD/day, mining with a modern CPU's it's a lot less.

>>26465364
Based. Eth and xmr mining, but only holding xmr. Vert comfy

>>26465063
are there any risks for my own network running a node?

>>26465442
Sorry I think I have to clarify.
I will mine ethereum but they are switching to proof of stake with ETH 2.0 and eventually won't be minable at all.

I was probably going to mine LBRY later not for profit to support the decentralized internet and freedom of information on my GPUs.

My question was if you look at the benchmarks XMR mining on CPU is about 75% profit to power. Whereas on GPU it's negative, has anyone seen a workaround, and if I buy a like 3k CPU can I mine my money back assuming everything checks out power wise?

>>26465839
What? A gpu earns a lot more as the other anon said. Buying a pc to mine would be pretty dumb. Best is having a mid tier gaming pc (best price/perf) to game and mine on the side. Upgrade on regular basis, flagship hardware always gets rekt next gen anyway

>>26464414
My seeds are backed up in github, but encrypted with my gpg key.
I hope that's good enough
I will write them down in paper though.

>>26465839
On my 8700k I can manage about 5000hps which is literal dogshit compared to everything ryzen is capable of doing. Feels bad but it is what it is. I've been toying with the idea of building another PC to replace this one so I can mine with a ryzen build but their CPUs sell out fast as fuck.

>>26466143
Unnecessary risk to take. Make a new one to be safe and only write it.

Is this normal? If Monero is experiencing organic growth, shouldn't the trend be that it's always slowly going up? It looks like it's just going up and down with no growth lately.

I've divided up an unknown amount of Monero and secured them in cryptosteels; some here, some other places I can collect from.

Feels good.

i love monero and will go back to it when the bull run ends, but for now im all in on shitcoins

>>26466909
When people talk organic growth with Monero its transactions/day... Not fiat value.

>tfw comfy

just buy now monerbros, or should i wait and see if it falls more?

>>26467978
DCA

Anyone know something about TARI (Tari) is it some sort of ethereum, any kind soul can give high level purpose or use case for TARI ?

>>26466909
Did we forget to tell you that organic growth is cope for no growth.

>>26469063
Based fudposter

>>26468230
dca

>>26461551
so does trezor

>>26468577
>high level purpose or use case for TARI ?
it's basically a semi-private blockchain for digital assets, mergemined with monero

>semi-private
Better than most other cryptos still, but less then monero. Uses mimblewimble.

>digital assets
Can be things like in-game items/skins, collectables but also convert/event tickets. Fluffypony already works with one of his irl friends who wants to build a ticketmaster like site (and has funding for it)

>mergemined with monero
not exactly sure about how it works, but basically this protects tari with moneros hash rate, ensuring a secure blockchain from day 1. In return the tari investors pay for monero relay nodes in china (like 10k USD/month) and provide a good chunck to the general monero fund. Tari fails without monero, so investors are indirectly supporting monero as well.

The testnet is online already, just try the android/ios wallet. imo user experience is much nicer than monero. Wallet addresses are emojis and much more normie friendly (essentially forces copy & paste of address, makes it easier to compare). Transactions are almost instant, 1-2 seconds in my experience. It's also nice that you can attach a message to the payment, making it easy for the recipient to know what the money was for.

>is it some sort of ethereum
I don't know how much smart contract things are possible, but I don't think it's designed to be a general purpose defi app engine.

>>26468577
pretty sure its for NFTs or at least a much more narrow scope than eth, but its been a while since i've read anything about it and forget lol

is now good time to buy? I want to buy like 50 at first and just hold long term

>>26470464
thanks!

>>26470641
Thanks!

>>26471053
Adding to this question; Will there be a foreseeable drop to $50 like some anons say? And if so, when?

>>26471053
you missed the fire sale a few days ago but literally this second is a good buy

>>26471513
if btc crashes (and it will sometime this year), xmr crashes alongside it with silimar %. It will recover eventually.

If you want to put fiat into crypto, xmr might be the best option as it's not crazy overvalued unlike everthing else.

>>26471053
Get some now, dca some and keep a bit of cash on hand to buy the crash. USDXMR is pretty good rn, but it might be a few % cheaper in a couple of hours

comfy thread

>>26471513
I have some money ready. I'm waiting for < $100 to buy. I'm willing to wait for another 3-4 weeks. I think all cryptos will soon crash. But I'm just a random anon on the Internet, so this is clearly not financial advice. Just my opinion.

>>26471053
There's no way to know when it's a good time go buy, which is why we always recommend dcaing.

>>26470464
So, could you use it to sell a book? (that you wrote i mean), or a Photo do I get it right?

>>26472138
think of digital assets like collector items. There are only a finite amount of them. They can't be reproduced or created out of thin air, like cryptocurrencies.
A good example is a limited edition character skin for a video game, in which there are only 100 of these assets. They get sold out fairly quickly and then later people/collectors will go out of their way to buy these skins on some sort of digital assets market.

>>26472138
if I understand correctly it's more a proof of ownership and the blockchain does not store the data itself. Ownership can be transfered, so expect people to resell your book once they've read it. I've only spend a couple hours on research so I might be wrong.

For media and especially videos lbry is imho the best option rn. Unfortunalty it has no privacy, otherwise I'd use it much more.

Guys I downloaded the Monero binaries. I think they have a virus or spyware or something. Ever since my phone has been acting really weird. I keep getting calls from this guy called 'Based Department'

>>26473418
Based.

>>26473418

>>26473418
based

how many xmr do I need to make it?

>>26474097
300 suicide stack. 1k make it stack

>>26474208
>stuck in 2 digit hell

>>26474097
100
18 is suicide stack

>>26474097
18.7 suicide stack
50 comfy
100 make it

Is Kraken the easiest place to buy for US citizens?

Who here is running a full node? Mine is still syncing.

>>26475061
As Eurobean kraken is easy and comfy, guess it's fine in us too