/biz/ - Business & Finance

>>50934635
Monero is not an investment, no moon faggots allowed.
Suicide stack is 18.7

>>50934816
literally the future of crypto so yes it is an investment

>>50934816
im buying it as investment desu

>>50934876
>>50934961

>>50934635

I would say if you have XXXXX amount you should have generational wealth. I heard rumors of a handful of legendary XMR whales who have XXXXXX stack which is insane they must have been accumulating in 2014/2015 and never sold kek.

I feel a whales will have XXXXX.

>>50934816
>Monero is not an investment, no moon faggots allowed
This is such a sad cope for lack of exciting price action

>>50935063
please keep your curried hands out of my thread

>>50934995
don't tell them...
xD

>>50934635
I don't agree with the hardline
>no it's not an investment reeeeeeeeeeee
stuff but it does have a valid point that Monero is itself real money with actual utility and so the preoccupation with
>price predictions
makes you lose the plot and train your brain to operate as a fiat maximalist.

For your own sake you would probably be happier as a Monero maximalist because although it has the potential to make you very rich in terms of purchasing power, the reality is that our price tends to be very crabby and we're infamous for not pumping for 90% of crypto bull runs. If you hold and spend it over long term you can have comfort knowing you have your own private little Swiss bank account that no glownigger can touch. You'll be less stressed about price swings that way and if you do get loaded it will be a great bonus. As another practical point if you look at Bitcoin people who bought in the low hundreds (or less), you lost 99.9% of them by the time Bitcoin hit $1000 because the vast majority of people are short sighted, dumb, or have a high time-preference and so sold their birthright for a morsel of meat. Autistic Monero people are much less likely to sell their bag for a pittance because so many of us are true believers. The flip side being that a lot of people are comfortable holding through a ban or other regulatory pressure too.

>>50934876 >>50934961 >>50935074
Monero is money, do you invest in money? Fuck no.
Why would you swap a proper sovereign cryptocurrency for fiat (money that is backed by nothing and is getting purposefuly inflated, which historically goes to zero). It is simply ridiculous. It also shows that you only care about the quick financial gain, which you won't get with XMR, go buy a dog coin or something.

>>50935359

Here is how I look at it.

In Venezuela when you have hyperinflationary fiat spiral, locals are looking to "store" their savings in USD or any hard assets they can get their hands on.

Cake Wallet now allows you to pretty much nearly use XMR entirely to make purchases if you provide a bullshit email so for the most part you can live off it.

The day you can start purchasing cars/jewelry with Monero and people accept it peer to peer is the day you pretty much can like 70-80% live independant of the banking system.

You are right that Monero is money but your wrong that it inst an investment.

I choose to store the "value" that I have worked hard in the soundest private digital asset in existence.

IF the gov comes for me I know my value will be protected and wont be inflated away due to the money printer.

Thats what people on this board dont understand....BTC pioneered the concept of trustlessly sending value through the internet...XMR took it to the next level to where you can privately send value to anyone on earth and also store wealth long term due to a very predictable dis inflationary monetary supply.

People are slow to catch on but I promise you as the gov went after the tornado cash dev people will be fighting for scraps of XMR in like five years...byproduct is early adopters get massively wealthy for not skating to where the puck is but where its headed.

>>50934635

Fuck off and kill yourself, moonfag

>>50936290
>In Venezuela when you have hyperinflationary fiat spiral, locals are looking to "store" their savings in USD or any hard assets they can get their hands on.
What you described is called Gresham's law - bad money drives out good. But it still complements my refutal as you're storing value, not investing.
Monero is much more comparable to gold (or silver). They both possess the same inherent properties, apart from physical & digital differences and precious metals' history.
In those instances (of hyperinflation), other stores of value, such as gold, silver, real estate, fine art and now Monero, have proved their worth over time. The price of gold, in particular, will often skyrocket during times of national peril or when a financial shock hits the broad markets, earning it a reputation as the ultimate safe haven.

You're conflicting store of value and investment. Again, you simply don't invest in money, you store its value (because it's an inherent property of it). You have no reason to spend that SoV because you use the money that is "bad" and store the "good". If a loaf of bread is 1 coin of copper or 1 coin of silver, you'll use the copper and save the silver (quick explanation of the law aforementioned).

How much* you fucking pajeet piece of shit you speak proper english under /our/ white website. Also to answer your question; it's never enough.

>>50934816
This is retarded, yes people who fill up monero threads with "WHEN WE MOONING?" are annoying but you've overcorrected against them to the point of calling anybody speculating on the long term price action as a "moon faggot". If it wasn't an investment to some extent than there would be no reason for people to have more xmr than what they spend as a currency, all their other funds would be in a store of value or speculative assets.

>>50935098
VGH, my queen...

>>50938466
Read my other posts, I have already explained the position as to why it is not an investment. A distinction needs to be made first, because discussing long-term price action is fine but it's not the focus nor should it be. Monero does not need be another moon mission like the hedious case of Bitcoin - it became corrupted couldn't have been further from its ethos. It became a game of the greater fool theory, where you buy and "HODL" (in case you didn't notice that also hurts a "currency").

>>50934816
>>50934995
>>50935359
>>50936601
Nerds.

>>50935359
>Monero is money, do you invest in money? Fuck no.
>what is the forex

>>50934635
>Price predictions 2025, 2030
not sure

>>50934876
lmfao

>>50935359
>fiat (money that is backed by nothing
What's Monero backed by?

>>50939034
complex math algos

>>50938909
It is different.

>>50939034
>What's Monero backed by?
Code.

>>50935359
>Monero is money, do you invest in money? Fuck no.
People invest in money all the time (forex)
>>50935359
>Why would you swap a proper sovereign cryptocurrency for fiat (money that is backed by nothing and is getting purposefuly inflated, which historically goes to zero). It is simply ridiculous. It also shows that you only care about the quick financial gain, which you won't get with XMR, go buy a dog coin or something.
who said anything about swapping into fiat XD

>>50939034
autism

>>50936290
this sounds like that assfucker justin wrote it. cakewallet shills are the most retarded faggots on the planet and understand nothing.

>>50934876
buddy, you wanna see what the future of crypto looks like?
Imagine a digital I.D. for every single thing you own, and that could be shut off at any moment.

>>50940887
retard. absolute retard making this comment on something like monero

>>50934816
Monero is my savings account, desu.

Elevenity

>>50939317
>>>50939317
It is different

how much time does this shit take to transact
holy shit its been 10 minutes already still confirming blocks

2SLOW

>>50946278
Lol he fell for the 'le bitcoin of privacy' meme.
You got scammed

>>50946278
I-I’m doing my best to mine your block with my thinkpad x220 please no bully

>>50938909
>what is the forex
Literally fiat shitcoins
Or alternatively, tokens on the USD-chain

>>50934816
so if monero moons to 1000 tomorrow you will not sell?

>>50935192
a thorough monerochan edit of yumeko would be great