/biz/ - Business & Finance

This is the only coin I’ll buy, the rest are shitcoins or too expensive

>>29154190
>no Dr Kim videos in XMR pasta
check yourself faggot op

>>29154273
Based chad

https://twitter.com/fluffypony/status/1362819531190763520?s=21

>>29154273
common sense

This seems like the most stable steady gaining coin out there. Is that why you never hear anything about it?

Been throwing my money into GRT/BNB/RVN. Should I swap any out for monero?

>>29154273
You are not only based but also correct.

POOMPA
*BANG BANG*
POOMPA
*BANG BANG*
POOMPA

1 XMR per month until 2022 where 90% of all XMR will be mined so help me God.

All in on XMR.

>>29154190
XMR can be traced. Not always but about 1/3 of the time it's straightforward. I work for a three letter agency, you've been warned.

>>29154787
>XMR can be traced. Not always but about 1/3 of the time it's straightforward. I work for a three letter agency, you've been warned.

>>29154273
based

>>29154787
>I work for a three letter agency
Fake and gay. They'd probably rape your children for admitting this.

>>29154787
after it leaves my first gui you wallet you've got nothing. come back with a warrant next time, faggot.

>>29154787
ah yes the good old artificial fud from an xmr maxi

>>29154787
Never gets old.
Do you have a list of all these fuds by now or do you make them on the spot?

>>29154190

>>29154787
>I work for a 3 letter agency
FAG?

>$270
$300+ EOW

Every time I say the Monero word this guy shows up and throws me in white va

corrrr nearly at £200

>>29154470
??

>>29154190
i'm too green to figure out how to compile xmrig without the dev donation

i pray to god that XMR is how i will make it in the next 5-10 years, it feels like right and i have slowly bought since 2017 although i am quite poor

i am thinking of making a kraken API script to buy automatically every month so i can just leave it running and not let emotions fuck it up

>>29154470
you haven’t seen anything yet mate

>>29155721
whats the prediction?

>Bitcoin pumps
>Monero doesn't dump
based coin

STOP FUCKING PUMPING I WANTED TO BUY MOOOOOOOOOOOORRRREEEEEEEEEEEEEEEEEEEEE

>>29156406
300 today.

>>29156228
>whats the prediction?

>>29156228

>>29154526
Based

>>29156228
yes

>>29156406
Literally everyone of us wants to buy more.

>>29154273
>>29154346
>>29154404
>>29154526
>>29154787
>>29154851
>>29154904
>>29154929
>>29155437
>>29155574
>>29155635
>>29155711
>>29156228
>>29156254
>>29156406
>>29156695
>>29156794
>>29156873
1k by summer
5k by years end
10k next summer.

>>29156228
The prediction is that this is a irrational bull market and you can't accurately predict prices in a concrete way. Does that matter for Monero? No because it's the only coin that is actually used as money on the dark web.

>>29156982
biz is the only place that talks about it.

>>29157054
nice fud

Base linux chad luke smith is one of us.

https://www.youtube.com/watch?v=ak5TFr26BaE

>>29157285
baste

Comfy

Monero is currently the only crypto I own. Just wonder what others, aside from BTC toy guys see potential it.

Asking here because Monerochads are the only posters with above room te.pature IQ.

>>29157054
>1k by summer
>5k by years end
>10k next summer.

I'll dance the jig naked if that happens.

>>29156228
With all the darknet adoption and people realising this coins potential I will be shocked if it’s under 10k in a few years time.

>>29157407
I only hold this and PRQ

when are we breaking ath?

>>29157407
other coins are just schemes to accumulate more monero

>>29157407
The majority of my net worth is XMR, but I turned 4k into 16k this week on the binance smart chain. Also holding BTC, Eth, LINK and Bancor

>>29157407
I’m 100% monero until 0.02 btc

>>29157473
>With all the darknet adoption

Darknet is small potatoes compared to the tax evasion and money laundering sectors, that is where the BIG money is.

>>29157285
It's only a matter of time before the entire linux community decides to hold some out of ideological reasoning.

>>29157883
Agreed, the DNM adoption is the only real world experience I have, in fact it’s what got me into crypto.
Bitcoin is nearly completely phased out now, especially after darkmarket was busted.
It’s also nice to see that many DNM users are putting 2+2 together and putting a little monero aside “in case this is the next bitcoin”. With all the recent pumps I expect most vendors are holding off converting to fiat as well.

>>29158230
Yep I got into bitcoin due to silk road back in the day so I can clearly see the parallel. In my eyes the coin that conquers the dark web is destined to conquer crypto commerce in general.

How does this coin work? I understand the chainlink which works because it is visible to everyone, so we all know who owns what funds. However if there is no public chainlink then what stops users to simply copy paste their coins and sell them to multiple people?

>>29158592
Bruh

>>29158592
Basically without getting too technical it does some mathematics and you can check if the content is correct and not falsified with mathematics without seeing what is actually inside. Read "zero to monero" to see the actual mathematics involved.

So yeah everything is completely closed and private while still being tamper proof.

>>29158592
Literally PHD level cryptography. Check out ring scheme signatures.

>>29158592
Transactions are broadcast through proof of work, a specific amount of computational work had been done. Which is then verified.

Have a binance US & coinbase. How do I buy monero? Send BTC to kraken, convert it there and hold it there until im ready to convert and send it back?

Kraken is retarded and can only deposit/withdraw using wire so I don't want to use that for any other reason.

Is it a good idea to exchange other cryptos for monero in changelly?

>>29157883
Best way to promote Monero to the types that perform tax evasion and money laundering is for the price to pump, nobody cares about a privacy coin if it doesn't attract greedy types

>>29159131
localmonero, cakewallet and kraken in order of privacy.

>>29159131
This process is kind of a pain but you can buy Litecoin in Coinbase (use debit card for instant sending, otherwise it takes a few days to be about to send it)

Then download the cake Monero wallet and convert the LTC to Monero, send that to your UI wallet on your PC

>>29159556
I've been buying monero straight from my friends who are finally selling their 2018 bull run bags to me. For them its good because they can get rid of their bags, for me, it's good because I can get XMR privately. They have all their money on exchanges anyways so they can turn it into monero and withdraw

I checked out /r/cryptocurrency recently (yeah I know). And people were saying stupid things like “Bitcoin in fungible” and “be careful, monero has unlimited supply” (without understanding tail emissions). No one was calling them out on any of this. How many more months / years until Reddit crypto normies start to catch on?

>>29159650
the fact that reddit normalfags aren't aware of monero means its still a good buy

>>29159650
they never will. They will legitimately get priced out by organic adoption and ina few years say, "it's too expensive"

>>29159650
like 15 years
actual clever people are already in
retards will get in when line go up
midwits won't get shit, as usual

>>29159650
Community at large'll probably realize during the next bear market, crypto is flooded with retards rn

>>29157054
I remember when eth generals had these types of posts and everyone laughed. Good times

>>29159377
>Best way to promote Monero to the types that perform tax evasion and money laundering is for the price to pump, nobody cares about a privacy coin if it doesn't attract greedy types

Monero works the same whether it's $1 or $10K, just ask the darknet crowd.

Thus, Monero promotes itself by being the best and only viable privacy coin around, those that need it will use it regardless of price, its just an added benefit that increasing demand will gradually drive the price up.

>>29159650
Really? Monero has actually a very strong community on Reddit.
That said, that sub is fucking cancer. It’s full of moonboys and pajeets shilling nano and smart contract shit.

>>29159650
It's a cult, some Will never understand
Just like GME bagholders

>>29154526
>$275

>>29159556
CakeWallet just uses MorphToken as far as I know
xChange.me provides the same service with more anon features, but fees are higher

>>29158944
The thing is 154 god damn pages long. Fucks sake, here I was hoping for a single paragraph summary.

>>29159650
>And people were saying stupid things like “Bitcoin in fungible”

>Bitcoin is fungible
>Make sure to use CoinJoin!

>>29159783
when normans start getting tax letters

>>29154190
Hypothetically, if someone lived in a place where altcoins were restricted and bought a few hundred bucks of BTC thru a well known KYC vendor, then sent that with VPN to an electrum wallet, then sent that to an exodus wallet which had previously been opened without a VPN, but turned the VPN on to swap some BTC for certain alts before eventually swapping for monero and sending it off to a monero wallet - what would that imaginary retards hypothetical tax liability be?

>>29159650
>Bitcoin in fungible
Yeah that's clearly false
>be careful, monero has unlimited supply
technically true but they still don't understand.

>>29160153
>want the techincal details
>is a lazy retard that can't be bothered
oh wow I'm surprised

>>29160153
>cant read a book

ngmi

>>29159886
The monero sub is great, but not a lot of people in crypto are on it. So just looking at the larger subs to gauge general sentiment / thinking.

>>29159650
10 years maybe, i have software dev friends who still don't own ANY crypto, not even btc, nothing

when i talk to my friends, i always realize how early it still is even if it feels retarded

>>29160307
>>29160322
I didn't say I won't read it you fucks. I wanted a technical explanation. I am just surprised how much there is to it.

>>29160153
I actually read it. Took me an entire evening but made me extremely proficient in the inner workings and it convinced me of its long-term future.

>>29160436
it's alright man I'm just filtering normies at this point
enjoy I guess

threadly reminder that this is the perfect xmr-chan

>>29160487
>evening

Damn you really reminded me how bad my attention span is. Try month for me.

>>29160436
The zero to monero paper is very difficult to follow even with a strong maths/cs background. I would recommend watching some videos they made instead if this is your first encounter

>>29160243
monero is COMPLETELY untraceable so the answer is 0 tax liability if you don't want to pay.

>>29160905
It's reasonably understandable with a firm CS background.

>>29160920
Speaking of taxes(US). Don’t you also need to technically disclose your holdings even if you don’t cash out? I got the Coinbase IRS letter last year

>>29161302
No. Only if you realize any gains ("cash out")

>>29161302
>Don’t you also need to technically disclose your holdings even if you don’t cash out?
Yes, no way for goverment to ever verify how much (or any) monero you have though. So it's voluntary.

>>29161248
I have a CS and math background but I quite literally have forgot most of my math after being out of school for so long. Going to try and read it still but doesn’t mean I’ll understand all the equations and shit.

https://www.youtube.com/watch?v=cuZrtHNTixo
new monero talk about atomic swaps.

>>29159329

Never go all in unless you're prepared to lose everything.

I split my crypto purchases between ETH, BTC, and XMR equally.

>>29161302
do you disclose your mtg card collection value to IRS? your used care sale? you pokemans ? baseball cards?

>>29161302
it's almost as if this is the primary reason anyone should get monero

>>29161648
>new monero talk about atomic swaps.

cheers, been waiting for this!

>>29161767
100% xmr. too scared of btc and eth sucks.

I bought in at $145 fuuuuck why didn’t i buy more. i believe in the tech and want more but it feels bad buying at the peak.

>>29161767
>normiecoin
>ethereum aka mining onramp for monero

shiggydiggy my dude

>>29161576
It's mostly linear algebra but even if it flows over your head you can treat the equations themselves as black boxes and read the rest of the book that way.

>>29161767

>>29161570

What if I traded another crypto for it. Is that still the case? Would they be able to track it via the other?

>>29162117
did you do it on a KYC exchange? If yes, it's a taxable event.

>>29161952
top will be support soon.

>>29160436
Well, that's what it takes to have a privacy coin that works without issues. You are going to have more high level mathematics and advance computing concepts to underpin the privacy features and how it works compared to base Bitcoin. Otherwise, just find some random beginner's guide to introduce the currency to you.

>>29161767
I agree with this message.
>>29161952
The peak was in late 2017. it's far below ath
>>29162117
Don't do it with KYC

>>29158151
Some distros are starting to pervade Monero packages. Arch even has the GUI wallet in the repo.

What the fuck just happened with Wownero?

https://coinmarketcap.com/currencies/wownero/

Also what the fuck is happening with the fucking shorts
Why are people still shorting the fuck out of XMR, what are they doing?

>>29162647
>Volume 24h $65,149
A proper pumpndump

>>29162771
I dont see much of a dump

Fuck me where was that coordinated

>>29159995
>$280

GIVE SMINEM YOUR POWER OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>29162317
I know, That peak was a bubble though. Anything and everything was pumping.

>>29162247
yeah.. i’ve been telling myself i’ll buy the dip when it was at $200 lol

>>29162768
People think a dump is most likely after a sharp rise. Thus they are betting their shorts on it. They might lose out big time.

TWO EIGHTY BABY

WE 18 NOW

Bros... we're making it.

Got my <unknown amount> poorfag bag. Hesitating on keeping them long term or cashing out at the top of this bullrun, since I think xmr will be still highly coupled to btc.

XMR not crabbing for once.
Still mad I sold BNB for this last month.

>>29162247
You don't know that. Bear market coyld see this go below $200. In fact I'm betting on it.

>not that I won't be averaging in the whole time.

>>29163092
im really sad doge is higher. fking doge.

>>29163298
Do what you want however Monero is a long-term hold. Best strategy is to hold for a decade.

>>29163391
i wish it would dump sub 100 so i can literlly throw my soul at it. the further down the better.

>>29161797
I haven’t bothered but I actually cashed out a little bit this year so I’ll need to report that to not get fucked because I did it on Coinbase

>>29161980
I actually got a 4.0 in that class but I’m just good at getting high grades, then all the material drains from my brain, lol

>>29163465
this. dont want to be holding shitcoin bags when XMR moones without you

>>29154190
Pleasantly surprised to see XMR hit £200 this fine Friday evening. God bless, fellow Monero holders.

>>29163250
I really like this. Gives me hope as a R5 3600 miner that I can still make it. Buying very small amounts on dips and in bear markets to supplement, but hoping that mining can provide me with a decent stack by 2030.

>>29163603
if your cashing you through a kyc exchange, you have no choice but to get ahead of it. death and taxes. if your just hodling, fk reporting anything.

>>29163391
This is very true but you just can't predict it. It's possible it will moon to $500 next month and then bear season starts and it crashes to $100. It could also moon to $2000 and then crash down to $500 during bear season.

We don't know. It's a irrational market.

>>29163831
any scenario is delicious.

>>29163519
If fucking only. I've never been so long-term bullish on a coin. It hurts that I was sleeping on it for so long.

>>29162207
What if someone hypothetically buys the BTC on a KYC exchange and moves it to an electrum wallet, then to exodus to do all the swaps with a VPN to work around a geoblock, and finally out to a monero wallet?

Just watched the new MoneroTalk, COMIT is just "months" away from launching Atomic Swaps 1.0, it'll be a bare-bones affair at first but will be gradually expanded into a fully-functional service.

Strap in, boyos, shit is about to get real interesting.

>>29154787
obvious larp since you're implying they even need to trace txs on the blockchain when they have hardware/firmware/software backdoors on nearly every machine

>>29163967
agreed. i cannot look at the old charts, and its time line. just think of the worthless crap i was doing and wanna kms. gotta be focused and positive. any dip is a gift, any top under ath is also a gift.

>>29164036
maybe this explains the recent growth.

>>29164007
bitcoin moving out to a wallet that has been determined to be a wallet which handles exchanges to other coins will get dinked. with bitcoin, you're fucked

>>29164036
I didn't accumulate enough

>>29164574
ramp it up.

>>29164435
Even with the non-exchange wallet in the middle and sending it off to monero wallet from the exchange wallet? Hypothetically.

>>29164744
yeah man, it's public. This is why you should have bought monero

>>29164574
Ask yourself if you really need new clothes or expensive food between now and swaps. Great Depression this shit, I believe in you.

>>29154190
feeling bretty good about pic related bros.
>threadly reminder that 18.7 monero is the same network share equivalent as 21 bitcoins until the year 2040
>threadly reminder that global financial regulatory trends coupled with us monetary policy longterm will only increase the demand for monero's usecase
stay free, bros.

>>29157407
XMR and BTC.

I bought BTC only because I predicted Zoomers and Boomers would ape into crypto without doing research.

>>29159886
I'm just waiting on Tari mainnet to launch so I can get in early on mining it.

>>29164574
Still time. Thinking of going all in. Got an undisclosed amount already but I primarily held ETH and that's a bitch.

>>29157407
I hold Bitcoin, Monero, Ethereum, Bancor and the Graph. In that order.

>>29159650
the majority of the old heads deleted their plebbit accounts ages ago, I wouldn't be too concerned about what all the noobs think

>XMR is priced @ $113 on crypto.com
Umm guys...

>>29164815
I guess hypothetically you could make it all bitcoin again and send it back to KYC wallet and hopefully just have to pay normal gains taxes on the change in value of the bitcoin. It's <1k so hypothetical ass may retain some elasticity assuming no need transfer funds into prison wallet.

>>29165773
link right now I'll arbitrage the shit out of it

>>29164574
>>29164253
I've wasted more years and more potential and accumulated less than all of you, all while knowing exactly what I should be doing. No, it wasn't good, but we're ALL going to make it going forward.

Fuck it, I threw my £104 in. It's all I can spare. Maybe I can increase it over time, but I'm going to be lacking funds soon.
Going to be a tough next year.

>>29166026
seriously, how old are you guys? how are you this poor?

>>29157407
All you need is XMR and BTC this cycle, maybe squirrel away a few % in ETH waiting for sharding but don’t hold your breath. I’m all in XMR right now hoping to buy back some BTC with 10% of my stack when it peaks in sats.

>>29165874
Not making this shit up. It's down 57% on that site.

>>29166083
I'm 18. Had a job, lost it with Covid. In University right now studying.

>>29166026
Just mine at that point.

>>29166083
XMR chads don’t judge based off of financial status, only cucks who buy into classist 1%er lies designed to keep people separated, weak and dumb do that. How about you educate yourself you fucking mong.

>>29165892
its kinda mazing we somehow managed to get a second chance. i mean, what are the odds of this timeline?

centralized chink scam. buy bnb instead.

>>29166115
probs a bug

>>29164574
>I didn't accumulate enough

Don't worry, the atomic swaps market will take a while to build liquidity and awareness, you should still have a year or so to accumulate.

>>29166115
looks like it's glitched for you anon

>>29166115
Try buying some and moving to your wallet lol

>>29166270
>its kinda mazing we somehow managed to get a second chance. i mean, what are the odds of this timeline?

>>29166338
>>29166352
Probably. Still weird that I can buy any crypto EXCEPT it.

>>29166425
It won't let me :(((

A reminder

What the fuck is up with XMR bears though. Every fucking 10 dollars this coin bumps in some weird ass resistance caused by bears. Shorts are still at 31000. Fucking pricks.

You bet your ass there will be like multiple breakthrough attempts for 300 aswell.

>>29167473
2017 bagholders looking to get out without knowing about monero on a technical level.

People are paying over 55K for honeypotcoin. kek

>>29167473
I have no idea. XMR sure is special in a few aspects. Not being listed on major exchanges, the IRS has a bounty out for it, no mention of it in the Cyphertrace paper, tons of price suppression. It can only mean one thing: XMR is the real deal.

>>29167770
it's an investment

>>29167784
link to the cyphertrace paper?

>>29166194
I could do that, I don't think my uni charges extra for electricity. I'll see when I go back.

>>29168006
I think he met the chainanalysis dark net report that was just released. It's like 100+ pages and they don't mention monero or whm a single time.

>>29168113
meant*

>>29161648
Interesting, thanks anon.

>>29168113
Obviously cause they don't know anything about it. The patent they submitted was for transactions before 2017 without ringCT most likely.

>>29167770
god i wish i were btc-chan

>>29168823
Oh they know. They fear it more than anything. It's in the best interest not to mention it because the day they mention it or admit defeat, is the day they go bust.

>>29168950
this anon gets it.
the last thing they want to do is give Monero clout. they are terrified.

>>29155437
Is that candleja

>>29169332
The only realistic long term problem is most likely Quantum computing taking off exposing the XMR blockchain. But that is yearsborbeven decades off and by then we will have a new quantum resistant algo.

Then ChainAnalysis can submit another patent 3 years later they "cracked" XMR kek

i sold at $240 after this thing crabbed at $150 for weeks FUCKKKKKKKKKKKKKKKKKKKKKKKKK
i want back in

>>29168823
probably just transaction graphs with poisoned outputs

Monero transaction volumes are absolutely insane right now. Fees still only one cent.

>>29169911
the monero research community already identified a couple possible quantum resistant algorithms. They decided to not implement it yet because quantum computing isn't a short-term risks and there are some downsides associated with the quantum resistant algorithms like higher transaction fees and transaction times.

>>29170264
Bulletproof+ will lower the fees tenfold again as well later in 2021. So fees will stay low which encourages commerial usage.

>>29154190

>>29170752
based

>>29170010
Order got cancelled, now im not spending lol.

>>29157407
Most shitcoins in my poorfolio are just for gambling. The only ones i hodl because i trust the concept beside XMR is Theta, wich has brought consistent gains the last months.

>>29171218
Playing a bit with (semi-)shitcoins is fun. My own gamble is IOTA, but I'm comfy 80% into XMR. Good luck anon!

is >50 enougth to make it?

>>29172120
yes. see photo.

>>29172120
>The forecast is that if Monero manages to become the #1 privacy coin in 10 years it'll have a valuation around ~$40,000

My heart wants to just go all in on Monero but my stupid brain is forcing me to diversify.

Slowly selling my nano since that ballooned to a way higher % of my folio than I want.

Debating whether to keep the profits in USD (in case of a dip/crash), low mcap gambles, or just more XMR.

>>29172472
sell the top left and buy GRT anon

>>29172472
>Debating whether to keep the profits in USD (in case of a dip/crash)
Always have some fiat ready
>low mcap gambles
Statistically a losing game
>just more XMR.
Diversification is good and you can re-invest back the gains into XMR as your retirement fund.

>>29172779

I'll research it, I don't like buying things I don't fully understand. I'm lukewarm on ETH and its tokens, concerned someone else is going to eat their lunch before they get 2.0 out.

>>29172841

Good advice. If things were to crash tomorrow I wouldn't have much fiat to buy the dip. Didn't think of it that way.

I don't get it, why are people saying atomic swaps are a game changer for monero? What is the difference from the user's perspective from using bisq or cakewallet?

Now this may be a fucking retarded question but since XMR is delisted in my country I need to be sure before I potentially throw money into the void.
If I buy LTC in an exchange, I can withdraw my LTC from that exchange directly to the address they give me in Changenow, and enter my XMR wallet address in Changenow so that I swap my LTC directly to XMR, right? There's no need for me to first withdraw the LTC to another wallet, in other words.
I just want to confirm that there's nothing I'm missing with the process just before I throw my LTC into changenow to convert it.

>>29172472
>Debating whether to keep the profits in USD
Depends on timeline. Dry powder should always be ready to go for buying opportunities. Longer term profit securing vehicles I use are silver (digital or physical) and SPAC equities trading below NAV. Those get liquidated in larger chunks for BIG dips.

>>29172472
kinda depends on the size of your crypto portfolio. under 7 figures I would allocate all to just 1-2 high conviction coins

>>29173516
Yes, just follow the instructions on changenow and you will be fine, that’s what changenow is for. If you’re worried, just send a small tester amount that’s just above the minimum send amount to be certain.

KEEP YOUR SEED PHRASE SAFE FREN! GODSPEED.

$281

i am pretty poor, i have only like 50k in crypto split between btc, eth and xmr. XMR is the one that i have highest confidence in and i think it's the best out of all

it makes me kind of happy when people FUD XMR, tells that poor people like me have time to slowly buy more

i just buy and hold, don't like trying to time or go in rugpull gambling

>>29173959
you're not poor bro
t. net worth under 5k

Can you guys stop pumping the price please, I need to convert more sats and shitcoin gains

We going parabolic and I'm kinda upset about it desu senpai

>>29173467
because when atomic swaps are implemented all goberments can fuck off with they ban

>>29173793

>>29174288
>because when atomic swaps are implemented all goberments can fuck off with they ban

Right, I get that but what do atomic swaps do that dexes can't? I'm not saying you're wrong but it seems like an anonymous dex already defeats the glowie.

stop poomping
i need to accumulate

>>29174134
i read about people here in 7 figures, maybe some are larpers but it always hurts

>>29172341
Monero already is the #1 privacy coin. The battle is trying to make anyone give a shit

>>29154190
Stop fucking pumping you fucking faggots I'm still accumulating

>breaks $280
>mfw
>>>/gif/19105939

>>29175052
You need to have the shoeshine boys and institutions realize that BTC isn't a protection against anything.

>>29173658
cool thanks man, the ban on it is pretty new to me so just needed to check that with someone
>>29174284
just means short term buying opportunity
long term we're gonna be in a great position

>>29167473
A lot of people are still hodling from 2018. Because XMR actually has fundamentals, they're waiting to break even rather than cutting their losses. If the price gets up to the 400s again they may not even sell

>>29174597
Thats true, guess you can use the atomic swaps like an automatic anonymization technique for btc

>>29175486
Imagine selling a currency masterpiece in regards to its private, fungible, decentralized, and disinflationary nature, for inflationary fiat currency that the gubment could delete with a few swift mouse clicks.

>>29154190
I want to touch Monero's unknown cup size.

What are some serious market cap prognosis?
With about $4 billion there seems to be a lot of potential
It would be interesting to see how much money went over BTC mixers in the past

>>29175948
Idk. I want to think that atomic swaps will seriously bump the BTC ratio up. But I don't trust that BTC morons will want to do that.

>>29174597
An atomic swap allows two parties to swap tokens on different chains without an intermediary. When you use a dex, the dex acts an intermediary.

>>29175726
All people care about is "is it pumping"

>>29170010
Swingers rope nao

>>29175779
Nobody can prove that you haven't already

>>29159650
I don't think this will ever happen unless monero literally becomes #2 or #3 on market cap. Monero has a very strong reddit presence on r/Monero, r/xmrtrader and r/MoneroMining. A couple of very prominent community members are also mods at r/cryptocurrency and they could use their position to shill monero but they don't because they're Chads. I like that, I can accumulate more if scrubs have no idea monero exists.

xmr top price for this run?

>>29177126
LOL

>>29177126
an [unknown] amount

>>29157473
I'm personally waiting for when terror and sanctioned nations start seriously using btc or xmr to move large amounts of money around.

>>29177126
Wont hit 300. Remember XMR is always the last coin to pump before the bull market ends

>>29177262
Chinese have been using BTC to get money out of their shithole since forever

I got my first full Monero coin.

Do I get a special hat as graduations?

>>29177396
You get an unknown amount of hats

>>29177396
>not "got my [unknown] full [unknown] [unknown]"

>>29177396
Here's the hat

>>29176977
Oh anon, you're making me blush

>>29159650
I think it'll be years for normies to really wake up to Monero
Right now if you're in on Monero, you either know your cryptocurrencies properly, you got into it through darknet markets, or you're doing some other illegal shit and swapping your other currencies to Monero to keep your profits safe (some huge amount of scams end up converting profits to Monero apparently).
Normies go into bitcoin because it's a big name, and they never bother to use it so they don't even understand how it works. Only some of them ever understand that Monero is what they think BTC is.
Just an anecdote, in 2016 or 2017 I noticed government tax forms or customs forms (can't remember which) were asking specifically whether you held Monero. They asked about crypto, and specifically gave BTC and XMR as examples, nothing else. This was years back. So this is the real deal and normies are just too retarded to understand BTC let alone XMR.

>>29161767
>I split my crypto purchases between ETH, BTC, and XMR equally.
Ethereum has a high chance of not working in the end or people using something, this is very high risk. Deserved allocation: 0%.
Bitcoin is not money and it sucks at being gold because it's not fungible. That being said, Bitcoin IS the new fucking shiny thing that everyone wants. It's almost a question of virtue signaling now. Because of that it has and will always have some value. Deserved allocation: 1-20%.
Monero... well, I don't have to explain. 80-99% allocation is reasonable.

>>29177860

NGL, hearing about Eth2.0 makes me wonder if Eth1.0's price will crash into the ground.

I mean it wouldn't be disasterous for me. I only just started and barely have anything into crypto, but still makes me wonder.

>>29177723
Here's a where a massive problem arises which I've recently realised: in order for XMR to succeed, you and I are relying on people to be smart, research, and correctly identify monero as the best real world use case coin

Unfortunately, people are fucking stupid. We are unironically better off putting our money into a coin whose logo is just a pair of tits

>>29174597
To me it honestly seems like it might turn out to be a sell the news event. Obviously it'll be good to have but I don't think there are any btc whales who are waiting for atomic swaps to buy xmr like some people have been thinking. Also I'm just cynical I guess so disregard everything I say.

>>29157368
she is so cute, i need to get this coin.

>>29178227
How is that a massive problem?
I buy Monero and spend it no matter what retards think. It's an actual currency, and as long as it works, it makes no difference what reddit thinks of it.

>>29178227
The darknet users aren't in Monero for the FOMO rallies. Normies give you those. It was BTC's original use case which has since fallen by the wayside as a fiat in -> more fiat out ponzi.

>>29178227
The solution is simple: flip shitcoins and convert the profits to xmr

>>29178227
And by the way, the phrase
>in order for XMR to succeed
is a bit misguided. It is succeeding, because it's working exactly as intended. It's digital gold, that the government cannot touch, as proved by its real world use in purchases.
There was recently a story about a Ukrainian(?) politician who stored millions in Monero to avoid taxes or something. It works. It already is a success.
I do agree that you're better off putting your money into something like CZ's latest shitcoin if you want fast gains though. Monero is a long haul.

/XMR General/ - The only thread that gets mad when their coin pumps.

>>29178227
This is why you have a diversified portfolio and treat monero like a retirement fund. It has organic growth through real usage. With or without pump kiddies.

Just moved more than $1,000 for 3 cents. Monero is the future.

>>29174597
Anonymous dexes already work but they're clunky to use and not the most accessible. I have hope though because back in 2017, Monero went to $400 with only a fraction of the educational resources, wallets and other things it has now. By the next bull run atomic swaps should cover BTCXMR pairs and dexes should cover everything else, i.e. maybe you'll be able to scam someone by making an ETH food token and then cash out into XMR.

>>29162529
Whonix is also shipping Monero GUI and Electrum by default. Nice.jpg.

>>29173561
>kinda depends on the size of your crypto portfolio. under 7 figures I would allocate all to just 1-2 high conviction coins
That's what I've been doing, only BTC and XMR. The rest can go fuck itself as I have no interest in trying to "time the market" and I don't believe I'm good at it.

>>29178227
>you and I are relying on people to be smart, research, and correctly identify monero as the best real world use case coin
I'm not relying on this at all. SOME very smart people will research and identify monero as the best real world use case coin. Then THESE people will start a consulting firm and convince the DUMB millionaires to put their money into Monero. That's what we need :) example Dr. Daniel Kim started his own digital asset consulting firm exactly because he wants to instruct his clients to invest in monero and bitcoin. We don't need everyone to understand how it works the same way my grandmother doesn't understand what is really happening on the background when she "swipes" her phone to send an email.

>>29178282
Both the May 2022 tail emmission and atomic swap implementation are going to do fuck all to the price except for maybe sell the news.

There is no rational reasoning for why either would increase valuation. XMR has no chance of being actually banned so atomic swap accomplishes nothing and adds nothing of value except maybe the peace of mind of knowing nothing can stop XMR from a legislative angle even though it was never really a threat.

Tail emmission being reached won't even be a concrete change. It's a gradually lowering block reward that just happens to reach 0.6 in may 2022. So what?

>>29178335

hell yeah. join the party anon!

>>29178697
I'm just trying to accumulate more. Fuck

>>29179638
>There is no rational reasoning for why either would increase valuation.
While I tend to agree, someone mentioned a few days ago the possibility that some of the old school bitcoin whales from >2010 are waiting for something like monero atomic swaps to be available to actually exchange the coins. It is true that almost all old wallets are under active surveillance, if not only by the fucking twitter account whale_alert that is monitoring a bunch of blockchains and tweeting to half a million people anytime someone moves a high amount of money. If there really is or are a couple whales waiting for this, it would mean a dump of bitcoin for xmr which will make xmr increase its valuation in btc.

>>29179365
hmmm i dont think we even need mainstream use to reach 1T+. Have u read the panama papers? Those people will do almost anything to avoid paying taxes and they are a lot smarter than the average prole.

>>29178697
and we have every right to be

>>29176703
>>29176703
.
>>29176703
>>29176703
-
>>29176703
>>29176703

>>29179365
>>29180186
Yeah these tax dodgers basically need a couple of years to see if XMR stands the test of time as being truly anonymous on the dark web and if they see it's truly untrackable they will consider it as a money laundering/tax evasion scheme.

I'M JACKED
I'M JACKED TO THE TIIIITS

>>29180399
and then the feds will ban it and it's value will plummet

>>29180538
this guy!

>>29180538
can't wait

>>29180538
how are the feds possibly going to enforce that?

>>29180013
>If there really is or are a couple whales waiting for this
I don't think they are. At least not because of atomic swaps. They might be convinced to swap because they realize XMR is more valuable in the long-term. But I highly doubt there are some rich whales out there waiting for a very specific feature on a project most of them are barely familiar with. And if they are familiar with it and believe in it they would have exchanged no matter if atomic swaps is a thing or not.

>>29180645
they'll ban exchanges from selling, arrest the developers, take down trade networks like localmonero, eventually attack and take down the whole network.

>>29180538
Game theory suggests they won't as every global country would have to come together to ban Monero together. If for example the US bans Monero but Russia doesn't it just means Russia would become Switzerland 2.0 and have a massive transfer of generational wealth from the US to Russia.

Therefor governments aren't going to ban XMR. It's a prisoners dilemma situation.

>>29180873
lmao nice fanfic. half of the core team is anonymous btw faggot.
localmonero is on hong kong I'm not so sure the feds have jurisdiction there I will check my manual.

>>29180351
That has to be mod interference right

>>29180873
>they'll ban exchanges from selling
decentralized exchanges and atomic swaps would negate that.
>arrest the developers
The 5 developers of Monero are anonymous under a pseudonym just like Satoshi Nakamoto
>take down trade networks like localmonero
Yeah that one could actually happen
>eventually attack and take down the whole network
A 51% attack can't take down the system. It can only change the consensus mechanism which could be undone by a rollback afterwards. Taking down the network is like taking down torrents. It's peer to peer. The government would have to shut down global internet for that to happen which they won't even be able to do once everyone uses satellite internet in 10-20 years time.

>>29180873
So what? Exhanges ARE banned from selling in a few countries already. Didn't stop me.
Just swap it through a different country and you're good.
Also, politicians already hold XMR for tax evasion. Are they going to voluntarily give up one of their best methods of tax evasion?

>>29178697
monero chan says i can only orgasm once for each coin i buy/earn. things are getting rough.

>5 years from now
>your xmr stack is worth the equivalent of 10M in today’s dollars
How do you about cashing out some of it? I would keep most of it and use it to buy things but at this point the economy might still be fiat based and it might be useful to have some fiat to buy real estate or other things.

>cash out on Coinbase and get ass fucked with taxes
>sell on local monero /bisq here and there
>buy PM and other assets directly with it
>?

Eventually it would be nice as more people and merchants accept its usage but you want realistically want some fiat in the meantime.

>>29181821
Think about getting an extra citizenship.
Read about the Flag Theory and 5 Flags approach.

>>29181124
yeah, almost certainly

>>29181821

Hookers and blow.

We're halfway there, once hookers start accepting XMR directly we'll know we've made it.

>>29177273
Past patterns do not hold up for the future especially with such a small sample size. What we are seeing here is extreme bearish defence for the 300 mark.

But since the entire crypto market is pumping this bearishness is futile it will break now or later.

>>29181821
My solution is to keep working a day job and hide your wealth powerlevel fund your daily life with fiat. Buy assets with monero which the asset holders would gladly oblige by since it would save them from having to pay taxes like how when you pay cash in restaurants you get a discount or freebees because they can dodge taxes.

Frens, I want to buy shitload of monero.
Do I just jump in, DCA, or wait for dip?

>>29182388
You can buy CP and drugs with XMR. I'm 99% sure you can find escorts that accept XMR right now. Those are the type of people already most familiar with it I would guess.

>>29182528
Get X amount of money.
Divide X in 12 pieces of the same amount Y.
Invest Y every week, for 12 weeks MAX.
Why max? Because if there's a dip, you get that cash in hand and buy at least a couple of Ys amount so you can profit of the dip. And never stop DCAing until you invest everything that you wanted to.

>>29182528
I personally am DCAing over the next 5 years. But some other anon posted papers showing "jumping in" is statistically more profitable so do what you want. I don't recommend waiting for dips in a bull market.

>>29181821
I'm unironically kinda worried about this as well as a long term holder. I don't wanna get absolutely assraped by taxes and whatever other punative shit uncle sam wants to throw at me for keeping my crypto off the books.

Look, if crypto does end up getting really big, you think any of the cocksucking boomers are going to like it? Looking at how these trash actually act, they'll get pissed that a bunch of gen x'ers, millennials, and zoomers are making it big DESPITE boomers lifelong efforts to rent seek on the entirety of western civilization.
Think boomers are butthurt now? Fuck you aint seen nothing yet.

I'll be looking very seriously into >>29181939
another country/citizenship sounds like a very good option.

>>29182693
yep I saw that too, that's why I am asking, I am not sure if that logic can be applied on monero in current state

>>29178691
>There was recently a story about a Ukrainian(?) politician who stored millions in Monero to avoid taxes or something.
I bet that politician doesn't have the Monero. This is just a 3d chess move for him (or his parent who are also politicians) to accept future bribes in form of XMR.

>>29182388
How do you spend the time waiting for the transfer to go through?

>some fat guy shows up with cash in the meantime and rails her before you

>>29180720
There 100% are few BIG BTC addresses that have been blacklisted and are being traced like the silk road BTC wallet. This single wallet contains 200,000 BTC which is valued at 10 fucking BILLION.

And all this BTC is stuck. All of it. Don't believe me? Check out the BTC address: 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx

This shit WILL dump into XMR gradually whenever this guy needs cash. And the higher BTC goes the more money will dump into XMR when atomic swaps work and are fully peer to peer.

Atomic swaps are actually a monstrous threat to BTC maxis. They just don't realise it yet.

>>29181939
Thanks! That helps a lot actually

>>29182734
>another country/citizenship sounds like a very good option.
It is, and it's what very wealthy people do. If you become very wealthy you should be able to do the same. Read about it and come up with your own designed plan. I have three citizenships and I intend to fully exploit that when I decided to cash in *some* of my crypto.

>>29183025
you're welcome my dude. we're all going to make it.

Is there decent money in buying via kraken or other cheap methods. And then selling on localmonero for 10-15% extra?

Any of you bros doing that? Recommend it or nah?

Also dip back down to $200 when boys, I wanna accumulate

>>29183089
Oh I'm already reading about it fren

picrel in case anyone else is wondering about this path

>>29182528
Same boat, I settled for buying a large sum up front and now I’m doing weekly DCA with relatively large amounts. Planning to continue for years.

>>29182982
>Atomic swaps are actually a monstrous threat to BTC maxis. They just don't realise it yet.
Does anything need to be implemented on BTCs end though?

>>29183531
no.

>>29183176
I would write off Hong Kong as it falls under China's jurisdiction which doesn't respect the law always and Belarus which is a corrupt place with authority possibly blackmailing you for potential wealth extraction.

The Netherlands is the best on this list and looking into it the first ~million euro is tax free after that you pay like 0.3% tax on every subsequent million euro until it peaks at 5%. They won't ever tax your crypto after that. Trading is tax free, purchases are tax free etc.

Still though. Why pay taxes if you don't have to report anything?

>>29183122
You are putting in the risk of being robbed or identified by a government agent arresting you for tax dodging or not adhering to KYC rules.

>>29183122
Huh, I just checked that, it does seem like there are some opportunities... localmonero offering about 10 bucks more than it costs me to buy off poloniex

>>29183660
Depends on where you are. In most countries the government doesn't even know about this stuff nor care.

>>29183681
The people buying tend to be buying small sums. Maybe it's worth driving and meeting people for a 10-20 dollars profit for you I don't know. But I doubt it'll be a very lucrative deal unless you're unemployed or something anyway.