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23516722 No.23516722 [Reply] [Original]

why is it mooning?

>> No.23516764

>>23516722
Montero is correlated positively with collective erosion of trust in governments

>> No.23516765

>>23516722
People taking their money out of the country before the next, last election.

>> No.23516944

pajeets cashing out their pump and dump food core yield scams

>> No.23516978

Cash is going away.

Digital cash (monero) is replacing it.

>> No.23516993

>>23516765
Also this

>> No.23517070
File: 818 KB, 640x868, 1600449225826.png [View same] [iqdb] [saucenao] [google]
23517070

>>23516722
unknown reasons

>> No.23517202

>>23516722
>ATH
>Mooning

Pick one

>> No.23517219
File: 7 KB, 174x60, Screen Shot 2020-10-25 at 9.21.13 PM.png [View same] [iqdb] [saucenao] [google]
23517219

>>23516722
>Circulating Supply
>17,739,009 / ∞

>> No.23517615

>>23517219
>doesn’t understand nominal inflation or asymptotic curves
>ngmi

>> No.23517627 [DELETED] 

>>23517219
What? Infinite supply? What a shitcoin.

>> No.23517646

>>23517219
What? Infinite supply? What a shitcoin!

>> No.23517668

>>23517646
I can’t wait until the day BTC maxis are BTFO’d by XRP replacing BTC as a reserve currency and XMR replacing BTC as digital cash. I hold both, and I’m very comfy rn.

>> No.23517687

The bull market decreased the frequency of rugpulls, so the jeets are converting their money to XMR to avoid investigations. This pumps the price of XMR, as they made a lot of money out of idiots.

>> No.23517745

>>23517668
wouldnt xmr be the reserve and xrp the cash? uhmm

>> No.23517751

BTC to xmr atomic swaps. Will make monero the layer 2 privacy solution for BTC. Huge accomplishment

>> No.23518136

>>23517745
No, XRP is targeting remittances and institutional transfers. It’s a completely different use case. Its supply cap and centralization are why it will become the reserve asset.

>> No.23518162

>>23518136
I could see a Trinity of currencies: XRP for institutions due to centralized supply cap, BTC as off-ramp due to decentralized supply cap. Both lacking in fungibility and privacy makes them poor for every day use. XMR fills that role due to its privacy and fungibility

>> No.23518164

Anyone have any tips on buying this in Australia? The government here has stopped exchanges from selling it to people

>> No.23518202

Metcalfes law and in case you havent noticed, its one of the only coins other then ETH that has an actual usecase and is the OG crypto vision you dumb motherfucker!

>> No.23518229

>>23516722
Beacause it's the best cryptocurrency

>> No.23518239

>>23518164
Atomic swaps coming soon

>> No.23518352
File: 570 KB, 1146x894, 1602732391192.png [View same] [iqdb] [saucenao] [google]
23518352

What do ya'll think of haven? Wouldn't anonymous stable coins be enormous?

>> No.23518375

>>23518162
what about tx costs

>> No.23518442

>>23518164
>buy/have Bitcoin
>use ChangeNOW or Morphtoken
>voila

otherwise use localmonero (use the cardless cash option if you want to be completely traceless)

>> No.23518466

>>23518164
You can use the bisq dex to trade btc, cake wallet has btc x monero swaps using morph token i think

>> No.23518479

>>23516722
Scammer / Whale push to get out of all their scams and ready for the last damp.

Don't fall for their jew tricks. Wait for Bonded.
bonded.finance

>> No.23518481

>>23517646
The inflation is miniscule , and is percent based so it will shrink over time

>> No.23518482
File: 298 KB, 1594x666, 3A35A779-C4F3-47AA-8BCD-921171C2402A.jpg [View same] [iqdb] [saucenao] [google]
23518482

>>23518375
https://bitinfocharts.com/comparison/transactionfees-btc-xmr.html#log

>> No.23518501

>>23518481
Nvm it goes down to 0.6 block reward and caps . My mistake

>> No.23518505

>>23516722
cause i've been trying to get a node working and buy for days now but it wants to fuck me so its mooning up my ass before i get a chance to lube.

>> No.23518506

>>23518482
that's still too much, and the more it moons the less useful it is as a payment system

>> No.23518560

>>23518505
kek

>> No.23518575

CBDC (Central Bank Digital Currencies) are coming. Cash will be abolished. All transactions will be monitored and all balances will be under the mercy of the state.

>> No.23518578

General reminder to the newbies
https://www.youtube.com/watch?v=aC9Uu5BUxII

>> No.23518596

>>23518575
This is not a speculation btw. Check the recent statements of the ECB and IMF. Also google DCEP (China's digital currency), they have been running trials in some cities.

Monero is the only way out.

>> No.23518722

>>23518501
It still goes down over time. Once the tail emission starts, it will be a 0.87% yearly inflation, trending down towards 0% as time approaches infinity (10 years after it will be at 0.79% for example).
A very low inflation, lower than gold for example. Necessary to incentivise miners while keeping fees low though.

>> No.23518763

>>23518352
Imagine being in crypto and being this much of a cuck.

>> No.23518813

>>23518763
i don't get it

>> No.23518890

>>23518813
Shit wrong post. Anon stable coins are a great idea

>>23518596
This guys the cuck

>> No.23518904

>>23518890
Fuck me I misread his post even. Clearly Im too high to be posting

>> No.23518907

>>23518904
lmao

>> No.23519048

>>23518904
https://www.youtube.com/watch?v=WeYsTmIzjkw

>> No.23519092

Monero is a honeypot people, use 0x""MR