/biz/ - Business & Finance

Add me and other MoneroChads on Session, too.

057e12cef3cc602a80adee3d4c6437b4d89dfbf5c073daf7007e3f74b3cb3ec62e

comfiest general ever

So I know monero isn’t known for its moon missions or anything, but how is it as a general store of wealth? Any estimates for EOY?

is it just me or is XMR undervalued as fuck? and not just because I'm holding an unknown amount. It seems like the best crypto for actual transactions.

>>26577140
the game Session?

currently in possession of approx 0.2 XMR.

>>26578209
It’s a communications app, similar to signal but better because they don’t even store your phone number.

>>26578122
it is undervalued, since it's as low and slow as it is, it doesn't seem as appealing as the quick profit other crypto on the top have,

>>26578549
Having little to no hype is a blessing and a curse. I’m underperforming the market, but I know I’m not going to wake up to anything crazy having happened.

>>26578346
Based, keep stacking, fren!

I miss the old generals. Why are the OP pictures so fucking cringe for the last couple of weeks?

>>26579574
you mean this was better? I think they were getting repeated too much, the artists who make these should make more for us

>>26579574
There’s been a lot of new anons contributing which had been based. But yeah Monero Chan should be used more often.
>>26578122
It’s not just you. It’s extremely undervalued. Be greedy when other are fearful.

>>26579574
Ive only been taking up the duty of posting them in the last like month or so, I just wanted to switch it up. I figure anyone who searches “XMR” in the catalog will find it fast

>>26579961
Thanks for making the generals OP!
If any other anons want to contribute, if there are no generals keep a saved copy of the OP and start a thread.
The amount of threads lately has been very comfy and based. Once we start going on our next run we are going to get an influx of new users so the more we build a based community on biz the better we will be in the long run.

>>26579574
Smug Pepe is a great expression of any thread on /biz/, though.

>>26578122
>best crypto for transactions
>take 30+ min to propagate to the network
oh no no no no no

>can be tracked by breadcrumbing of fractured ring signatures
>was 51% ted recently
>uses proof of work instead of proof of stake
>one of the devs is a tranny
its not "FUD," its the truth

>>26581509
>one of the devs is a tranny
Before or after they did dev work, though? Plenty of good devs get tranny’d after they do work and it becomes obvious they’d be a threat.

>>26581509
Thank you for the fud, sirs.

I need to accumulate lower, sirs.

>>26581509
why does the IRS hate it so much then

>>26581509
>can be tracked
if you actually knew what you were talking about, you would know that this type of "tracking" is completely meaningless and doesnt compromise the coin at all

>>26581509
>>uses proof of work instead of proof of stake
and that's a good thing

>inflation bug theoretically possbile, and harder to detect because network is not transparent
>apparently used in the darkweb marks but price keeps going down
>delisted from bittrex, going to be delisted in major exchanges if it gets enough traction
>transaction times not in seconds, thus can't be used in day to day activities
>buying it is a pain in the ass, you almost always have to buy LTC/BTC and then convert (fees on top of fees on top of fees)
>buying fees are at least 20%
>atomic swaps, (the github hasn't had commits about it for a year lma) but nobody is going to swap because of tainted coins
>dead general, never reaches bump limit

>>26582287
the inflation bug only impacted exchanges who probably held their house accounts pooled like omnibus mutual funds. this inflation bug is pure fud. keep selling me your bags

<unkown amount> reporting in

>>26577069
Xmr is for anons. D
dHedge for future wall street

>flipped by EOS
LMAO you ducks are pathetic

>>26583158
Based image

>>26582287
THANK YOU SIR MAY I HAVE ANOTHER

>>26584008
Kys moonboy

if you haven't already, get GME to a) fuck over a hedge fund and b) have more capital to put into monero

DYOR

ATH this year. Screenshot this.

Buy Bitcoin, use Monero. Simple as that.

>>26579802
I wanna rape Monero-chan

>>26586467
I’m actually teeing up on AMC, I have a feeling it may be the next (or an adjacent) squeeze.

>>26586810
>Buy Bitcoin

>Unknowingly receive tainted coins

>coins get blacklisted by US Treasury

>move coins to exchange in desperate attempt to cash out only to discover they've been seized

>learn lesson and only use Monero moving foward

>>26587417
Just waiting for the day when selling XMR paper wallets for cash is viable.

I’m gonna make so much fucking money

>>26579802
can we send em an undisclosed amount of monero and commission some more?

>>26587275
what is amc and why do you think it's the next short squeeze?

>>26587533
>Just waiting for the day when selling XMR paper wallets for cash is viable.
>
>I’m gonna make so much fucking money

Indeed, there is a killing to be made selling pre-loaded wallets to darknet n00bs.

>>26587993
AMC movie theaters.

Anon posted this thread and nuked it 5 minutes later, I bought. Even if the squeeze doesn’t happen, AMC is undervalued as fuck.

>>26587533
>>26587417
>>26588038
shut up, stupid

>>26588463
Sirs this money is from growing many tomato on my tomato farm I don’t know what a bit coin or crip toe is I’m just a farmer sirs

>>26585352
>t. Doesn't understand the meaning of opportunity cost

>>26581509
>>can be tracked by breadcrumbing of fractured ring signatures
This doesnt mean anything!
>>was 51% ted recently
They inly got to 49%
>>uses proof of work instead of proof of stake
This is a good thing
>>one of the devs is a tranny
This is actually pretty vad if true
>its not "FUD," its the truth
Based fuder trying to pack bags

>>26589162
Implying I only hold monero

>>26589255
>>>can be tracked by breadcrumbing of fractured ring signatures
>This doesnt mean anything!

Indeed. I suggest everybody Google "breadcrumbing of fractured ring signatures", you'll discover its literally a 4chan meme that never gets mentioned anywhere else.

>>26589162
>>t. Doesn't understand the meaning of opportunity cost

"Opportunity cost is the forgone benefit that would have been derived by an option not chosen."

What benefit have I forgone by just sitting on my fat triple figure XMR make it stack?

Gambling the lot on shitcoins is the better option?

>>26588300
Found this by chance. Too suspicious for my taste, I rather stay in the crypto space (except gme, oc)

Good luck tough

>>26581509
>>26581619
this. the IRS put a bounty on it so it's good enough for me

>>26589255
Those were botnet / servers mining
Not An attack

Seen as this is supposed to be a friendly thread:
Wat do if I'm only on coinbase? Which path to monero has the least hoops/fees associated? Not really worried about security, used to just spend BTC from a kyc market in 2015.

>>26590552
1. buy ltc
2. send to cake wallet (android/ios); use build in conversion

btc works as well, but has higher transaction fees

someone made a info graphic, I don't have it though, maybe some chad can post it

>>26590787
That's for anonimity, i think straight xmr off kraken or other good exchange is cheaper

>>26591000
it's the same, actually. Infographic recommends kraken as well, but if you only have coinbase (or any other exchange w/out XMR) you can use this work around

>>26591000
Was told to avoid binance because it's Chinese. Kind of happy that I can wire to an Ireland bank for coinbase (am in yurop), but Kraken would've been my next choice. I went with the biggest one for safety. Kind of sucks that I probably have to get on a second market, but what the hell. Kraken has more shitcoins as well AFAIK.

>>26590787
>>26591000
>>26591197
Also, thanks.

>>26591286
>Kind of sucks that I probably have to get on a second market
The cake conversion thins is apperantly instant with low fees, like 1% or so iirc. Kraken fees are 0.26% for taker and 0.16% for maker + 1ct withdraw fee for xmr.

>>26591562
>Kraken fees are 0.26% for taker and 0.16% for maker + 1ct withdraw fee for xmr.
Well, goybase is 0,5% for makers and takers below 10K USD, so I might jump ship based on that alone. Currently only trading pocket change, so that applies even more.

Well?

>>26588761

>>26586994
what about now anon
>>26587768
maybe, I dont even know who makes these, but they are pretty based

>>26582287
>inflation bug theoretically possbile, and harder to detect because network is not transparent
Inherently false, the same procedures are used to detect inflation on both chains.

>apparently used in the darkweb marks but price keeps going down
It has literally just become the de facto standard (like 3 weeks ago) give it some time

>delisted from bittrex, going to be delisted in major exchanges if it gets enough traction
Kraken recently added an option to buy XMR directly with fiat

>transaction times not in seconds, thus can't be used in day to day activities
It can be done in two minutes, and 0-conf can be confirmed in literally a few seconds and is 99% safe

>buying it is a pain in the ass, you almost always have to buy LTC/BTC and then convert (fees on top of fees on top of fees)
LTC > XMR is a low free, also use kraken directly if you don't want fees

>buying fees are at least 20%
Not true.

>atomic swaps, (the github hasn't had commits about it for a year lma) but nobody is going to swap because of tainted coins
There is another team (COMIT) which has working atomic swaps right now, but it is true FARCASTER sucks. Funds should be reallocated to COMIT imho

>dead general, never reaches bump limit
Mainly because it currently crabs/ is bearish, as is true with most coins

Give this a year give or take and then we will truly see if it's a dead coin or not

>>26590307
>ETH is up 50% in SATs in the past month
>XMR is down 30% in the past month
Hmmmmm

Is there an exchange that allows recurring XMR buys? I just want comfy idle accumulation

>>26592985
>Hmmmmm

I don't look at monthly charts. I don't care about monthly charts.

I care about 5-10 years from now.

>>26593068
Also looking for this, too.

>>26593068
>>26594233
Decent exchanges Will have An API which u can program with some basic skills. But what is 3min a week to buy? Bank deposit van be automated with UR bank

>>26592172
Stop tempting me!!!!

What is the Monero stagenet trying to tell me here, frens?

how long for an XMR. to transaction? been waiting a while

>>26593487
>>26589162

>>26595344
usually 2 minutes until confirmed, 23 minutes until 10 confirmations which is required by the gui wallet for an unknown reason

>>26595344
like 30 minutes

>>26591832
binance is 0.1% maker and taker

>>26595669
That's for network safety

>>26595666

Why gamble when you don't need to?

>>26595009
invest in pr0n

>>26595744
>>26595669
its been a couple hours, am i fucked?

>>26596010
As far as I know the record for orphaned blocks was 2 blocks at the same time, many other wallets do 5 confirmations as that is already more than enough.

I keep hearing that we should expect a market dump/crash in march.

Anyone else believe this and care to explain?

>>26577069
why isnt changelly or simpleswap on the "Non KYC" list? buying XMR in small amounts on these sites, didn't had any problems so far

>>26597389
buying XMR in small amounts on these sites

tiny amount are fine to lure you into a false security. If you try to change more, they freeze your funds until you provide any KYC they desire