/biz/ - Business & Finance

[Anonymous No.28056613]

So tell me /biz/ tell me why Monero wouldn't be a good investment, I'm highly considering grabbing some. I used to buy drugs with this shit back in the day, it was one of the only actual usable coins that is still trusted and accepted on those sites. Its still around 5x under ATH and affordable right now. Tell me honestly why not.

[Anonymous No.28057274]

>>28056613
Its a fucxking backdoored scam

[Anonymous No.28057381]

>>28056613
Yeah, future looks extremely bright for XMR.
Buy and hold for 5 years.

[Anonymous No.28058141]

>>28056613
Same but I'm worried about potential crypto money laundering regulations killing it.

[Anonymous No.28058223]

>>28056613
>So tell me /biz/ tell me why Monero wouldn't be a good investment

Its not a coin for moon boys. It will only moon when shit hits the fan.

[Anonymous No.28059139]

usable means nothing, popularity and memes determine price of everything

[Anonymous No.28059292]

>>28056613
why would it be a bad investment?
even if this shit went down, worst case scenario you can still buy shit with it

[Anonymous No.28059566]

>>28056613
https://m.youtube.com/watch?v=aC9Uu5BUxII

This nigga convinced me to put some of my gains in this coin.

[Anonymous No.28060101]

I'm actually surprised XMR isn't worth in the 4 digits.
It's exactly what BTC was supposed to be in Satoshi's mind.

[Anonymous No.28060322]

>>28060101
Some say that Nicolas van Saberhagen and Satoshi Nakamoto are the same person.

[Anonymous No.28060375]

>>28056613
Because it's not actually private. Check http://monero-badcaca.net/ maybe your IP is already there

[Anonymous No.28060503]

>>28056613
Because the crypto market is trash and more concerned with chasing pump and dumps.

[Anonymous No.28060576]

>>28060101
Its mining algorithm is ASIC resistant and runs better on CPUs than GPUs

[Anonymous No.28061153]

>>28059139
I understand this, but it seems memes are great for pump and dumps. They don't have any actual use, of course everything grows over time but the big memes don't reign in the crypto kingdom like the old coins do, they were created with the original thought in mind..

[Anonymous No.28061191]

>>28060375
>Check http://monero-badcaca.net/
it looks fabricated to me

[Anonymous No.28061268]

>>28056613
it's too complicated and shady

[Anonymous No.28061332]

>>28060375
who's to say this crappy looking site wasn't made by some pajeet shit coin dev?

[Anonymous No.28061532]

>>28058141
not going to happen in my mind, wall street is in crypto...

[Anonymous No.28062044]

>>28059566
Checked
That nigga convinced me to go 100% into the coin

[Anonymous No.28062148]

>>28061332
That site is made by someone named fireice_uk who has a hateboner for Monero because he made shitty attempts at contributing and the devs didn't like him. It's not real - which you can tell by the fact that chain analysis of even a surveillance coin like XRP or BTC would not uncover an IP.

[Anonymous No.28062704]

>>28062148
>this

He evens runs a spam bot in bitcointalk in a pathetic attempt to FUD Monero, however he never discloses details on how the supposed attack is done.

[Anonymous No.28063504]

>>28058223
which is inevitable, so load up.

[Anonymous No.28064133]

>>28060503
So was the .com stock market. But there WERE companies with underlying potential that maintained strength throughout the popping of the retarded bubble.

The hype will die down eventually, and the cream will rise to the top. Monero doesn't just "have a use case." It has the use case that BTC was supposed to have.

[Anonymous No.28064201]

>>28059566
will definitely check this out in its entirety soon, but yeah just skimming through, this the is kind of thought process I was having.

[Anonymous No.28064215]

Why is XMR losing so many sats? don't normans know about this coin? It pumped late in the last bull run..

[Anonymous No.28064279]

>>28058141
money laundering regulations would kill all crypto, it's not like they would spare bitcoin

[Anonymous No.28064393]

>>28060375
they can get your IP address when you connect to ANY p2p network. It doesn't mean any info about your connection is actually leaked

[Anonymous No.28064762]

Monero isn't the only privacy coin and may not be the best. Grin seems to be technically superior and simpler, if they can fix their current issues. Zcash people claim their coin is way better. None of them will be listed on mainstream exchanges so they can never be pumped

[Anonymous No.28065002]

>>28064762
Zcash is a meme because only a tiny fraction of transactions are actually shielded, which compromises privacy.

Enjoy getting an fed raid when you try to cash out your shielded transactions on an exchange.

[Anonymous No.28065488]

>>28064762
only ones worth anything on there are the exchange coins

[Anonymous No.28065515]

>>28056613
Monero is just an overpriced fork of Bytecoin. Upgrade your Monero to 0xMonero.

[Anonymous No.28065749]

>>28065515
Just like the last 1000x you tried to shill your shitcoin, 0xmonero is trash, nice try singhdu

https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/

[Anonymous No.28065943]

>>28064133
Turns out the use case BTC has ended up having is a far bigger niche than the use case it was supposed to have.

[Anonymous No.28066197]

>>28065749
thank you
full copypasta, for completeness
>>28065515
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

[Anonymous No.28066304]

>>28064279
>money laundering regulations would kill all crypto, it's not like they would spare bitcoin
Blockchain analysis technology mitigates the necessity to regulate cryptocurrencies like BTC, LTC, ETH, etc. Bitcoin tumbling/mixing was apparently effective and allowed people to cover their transaction trail, so the US government made them illegal. This did not hurt the adoption of bitcoin, and without the ability to tumble your coins, there is no need to regulate bitcoin since blockchain analysis can easily catch those who are laundering their money without enough opsec.

This leads me to believe that the only reason Monero hasn't been regulated is that they either don't realize it's a threat, or they've found a way to track transactions and are just allowing it to provide people a false sense of security.

[Anonymous No.28066361]

it’s good for tax evasion and money laundering. but for gains? no.

[Anonymous No.28066478]

>>28056613
>So tell me /biz/ tell me why Monero wouldn't be a good investment,
i can't
>I'm highly considering grabbing some
you should
>it was one of the only actual usable coins that is still trusted and accepted on those sites
solid fundamentals
>Its still around 5x under ATH and affordable right now
reasonable bull hypothesis

[Anonymous No.28066516]

Turtle coin V2 will blow its out of the water with the only thing that makes monero good, privacy. its gonna be 23x more private

[Anonymous No.28066559]

>>28066361
sounds like crypto my dude

[Anonymous No.28066880]

I won't invest in something thats heavily involved in human trafficking. Even I have standards

[Vitalij No.28066908]

kek

>see how they are trying to shill that shit system on /biz/

sounds like this thread is already dumped with scammers
hope I am smart to forget about it and don’t go for hell

>my purse has been connected to Bot Ocean platform and I wait for full release to use their bots for trading and analytics

but you nay believe them and buy this scam

[Anonymous No.28067103]

>>28064215
>Monero does not pump
>People don't buy it
>People see other coins pumping
>People sell monero
>...
Repeat until monero is worth 1$

XMR problem is that it is extremely bearish with all the negative fud circulating.

XMR will soon dropcrash towards 30$. It is currently in the top 30 and STILL showing a lot of bearish movement. It will not stop until it is back to 30$ or lower and then it will be forgotten forever by calling out of top 100 and drop to 1$. It is a dead shitcoin.

XMR failed because of its emission curve. It was way to fucking high at the start and not spread out enough. So now whales are literally ethernally dumping XMR. In the first 6 months 5 million XMR was minted. 5 million.

The distribution is just too fucked. There is no fixing it. Time to abandon it and sell your bags

[Anonymous No.28067576]

>>28067103
Nice price driven FUD.
I can give you some more. Each of the arguments is actually superficial and can be challenged:


- news mostly about attacks, patches and delistings

- perceived as archaic and static compared to newer smart, agile and well-connected projects

- might get banned and then difficult to trade with no liquidity

- wallets not fool-proof, users of hardware wallets show up daily because they can't see their coins

- no ubiquitous ways to buy directly with fiat

- missing on important exchanges

- (relatively) high barrier of entry for 2021 batch of buyers and people unfamiliar with crypto

- not natively compatible with ETH ecosystem

- no equivalent to easy browser plugins (e.g. Metamask)

- Anti-Virus stops Monero wallet installations

- no major DeFi applications, locked-out of the system

- few ways to earn money & rewards

- rewards only people with beefy mining CPUs

- no staking

- no official support

- no supply deflation by incentivizing to lock-up XMR

- supply inflates forever

- hodlers get nothing and continuously pay for inflation

- network effects haven't reached critical mass

- indirect governance is difficult and incentivizes freeloading

- little incentive to build on top of XMR

- other projects have far greater resources

- might get tracked in the future

- privacy might get trivialized and becomes a worthless commodity

- many other projects add "good enough" privacy leaving XMR only attractive for marginal groups

- some DeFi protocol with a pool and stablecoin might offer seamless privacy and stability in DeFi ecosystem without having to jump through as many hoops as one has to do with XMR

[Anonymous No.28067625]

>>28067576
- stigmatic reputation

- some reputable parties don't want to be associated with XMR

- big target for the government while other coins can fly under the radar

- already somewhat mature so less growth rate to be expected

- less price action means less attention

- age of coins with just one feature + chain might be over

- perpetual downtrend against BTC discourages hodling

- community encourages only to buy when people have a reason to dump/sell it right away

- investors are dumping in favor of BTC and DeFi which have monster momentum

- possibly giga-whales perpetually dumping

- uncertainty about supply bugs

- inefficiency in initial mining exploited

- parts of the code are weak and have never been properly audited (e.g. P2P stack)

- during attacks simple people had a bad user experience and nothing worked

- possible crackdown by governments and central banks on whole crypto space with uncertain outcome for XMR

[Anonymous No.28067691]

>>28067103
unironically a buy signal desu. peak fud and we're still doing fine. top 10 top 20 top 30 doesn't matter when stupid shit like (((wrapped bitcoin))) is created. pay attention to share of market-cap. ask yourself what monero does.
it's going to go up it's just when, not if.

[Anonymous No.28067768]

>>28067103
regulatory uncertainty seems like a big suppression force.
Yet adoption continues to rise. Emmission curve is about to squeeze.

[Anonymous No.28067790]

>>28067576
>>28067625
wow, this is literally every monero fud in 2 posts. im not even mad, im kinda impressed.

[Anonymous No.28067923]

>>28067790
copy pasted the whole DEA fudbook

[Anonymous No.28068290]

Just started accumulating half monero and half litecoin. Feels comfy.

[Anonymous No.28068302]

If you're prepared to sit and wait patiently for Monero's moon mission then XMR makes a solid long-term investment.

Consider the following:

>daily TX keeping hitting ATH

>darknet adoption steadily rising

>atomic swaps on the way

>Bitcoin address blacklist keeps growing courtesy of the US Treasury

>major crime syndicates are moving into crypto

>global shadow economy is worth trillions of USD


As for all the FUD: Monero is the only coin that gets serious props and endorsement on r/darknet, not Bitcoin, not Zcash, not Dash, not Turtlecoin, not 0xMonero, the people on there literally have their freedom on the line so you can be sure they know their shit, if any of those coins were actually better than Monero you'd see them being recommended and used.

In other words, if r/darknet ain't recommending it, its a shitcoin.

[Anonymous No.28068629]

>>28067790
There is an upside to:

- class-leading privacy coin

- real world adoption rising

- big organic community

- long history

- capable dev teams

- very decentralized

- no company/foundation

- might replace BTC for most use cases

- potential to become the class-leading currency coin

- Atomic swaps will enable XMR to tap into other coin universes with minimal metadata leaks and very low friction

- new buyers and speculators initially might not be aware of flaws in BTC and DeFi and in the future might migrate to XMR

- price action not fully exploited this cycle

- organic price action

- upside from informal sector onboarding is hundreds or thousands of X

- upside potential from more exchange listings

- wrapped versions and Atomic swaps enable DeFi usage, not yet fully exploited

- little known institutional involvement creates upside potential

- Grayscale Monero Trust will enable easy access for many investors

- most battle-proven privacy coin

- trusted and used by black hats

- honorable use cases might improve reputation

- low inflation and no gaming of the explicit supply with locking incentives etc.

- privacy features are working

- separation from other ecosystems keeps XMR running if they go downhill

- coin economics provide long term stability

- high demand for privacy should governments try to enforce regulation and taxes

- demand for anonymity 1 year after begin of crypto bull market because of tax panic

- demonstrated ability to fend off attacks

- demonstrated ability to keep network up-to-date with latest privacy features

[Anonymous No.28068700]

>>28056613

NWO hates it

[Anonymous No.28069702]

[Anonymous No.28070972]

This FUD is comfy
Normies market sell right fucking now

[Anonymous No.28070991]

prediction on a good time to buy in and accumulate?

[Anonymous No.28071266]

>>28066908
>my purse
not just a retard, but a purse-carrying faggot retard. your parents must be proud lmao

[Anonymous No.28071321]

>>28070991
Best time to buy is (before it's too late).

[Anonymous No.28071343]

>>28059566
Maximum supply of Monero? I dont want niggas saying oh look 1 million monero more

[Anonymous No.28071491]

>>28068629
God damn right, motherfucker

[Anonymous No.28071546]

>>28056613
Every time I see the Monero logo it's like watching a gore video late at night. I just can't bring myself to invest in it. It just seems wrong.

[Anonymous No.28071651]

>>28071546
wat

[Anonymous No.28071724]

>>28071546
sounds as if you've been conditioned to think that there's something shady about privacy

[Pirate No.28071754]

>>28065002
you have pirate chain , ring signatures z transactions only, no 51 attack full privacy., better an surpased monero and zcash

[Anonymous No.28071791]

>>28066516
tell me about this more

[Pirate No.28071809]

>>28071754
forgot, ugliest name ever

[Anonymous No.28071914]

>>28065002
Fuck, I missed the first half of the Winter Cup
How is /biz/ doing so far

[Anonymous No.28072391]

>>28062148
The guy is actually insane. Must be a glow operation. Why else would you try and fuck with the project by contributing with the wrong license and then when you're asked not to do that, use that as a pretext to spend your life fudding and fucking with the coin?

[Anonymous No.28072500]

it was a good investment about 100 dollars ago

[Anonymous No.28072758]

>>28066908
I've seen this exact same post before in a ledger/trezor thread. Why don't the mods ban bots?

[Anonymous No.28073011]

Why would normies ever care about anonymity?

[Anonymous No.28073111]

0xMonero

[Anonymous No.28073235]

This coin is so hard for Americans to buy

[Anonymous No.28073287]

>>28073011
you mean besides the fact normies are currently getting buttfucked for any perceived mistake they have made? some banks have refused to do business with some folk just because of ideology, not because of actual legal convictions against them. other issues have arisen from simple opinions too, even now to the other side of the isle than is the norm. something like Monero cant completely fix the issue, but it could very well help if used right.

[Anonymous No.28073323]

>>28073011
imagine if everybody could see the balances and transactions of your bank or stock brokerage accounts and people thought that was okay and normal lol

[Anonymous No.28073647]

>>28073323
>TEH BITCORN STANDARD

[Anonymous No.28073696]

>>28065749
>gra
0xMonero is a fucken scam alright? It's even documented with prove, stealing code from 0xBitcoin

[Anonymous No.28073822]

I like Monero but I'm having a hard time seeing mass adoption

>>28073287
Are you referring to racism? Normies are thoroughly anti-racist and don't care about your right to "opinions" or free speech. Otherwise wouldn't they all be on Gab instead of Twitter? And not cheer when FB or YouTube deletes certain videos and channels, or when Reddit deletes subreddits?

>>28073323
Normies don't care about privacy either

[Anonymous No.28074040]

>>28073822
stay normal, walk in line, eat ze bugs

[Anonymous No.28074200]

>>28073822
its hardly just 'racism' thats the issue, though yes a big one.
and you seem to be forgetting just how hard the line divide is. theres two sets of 'normies', and it is very much half of them being targeted and learning the hard way why you cant trust... well, alot of things.
if these centralized networks and companies keep pushing like this and demonizing a growing number of so many, you'll easily see normies be FORCED to find alternatives. in some places, they already are. Parler was popular for a reason, and its crash saw a significant rise of popularity on other similar alt platforms, aswell as an exodus from twitter too. and its only getting worse.
i dont see why monetary systems wouldn't go down the same route, what with them pushing for similar too. Normies actually can and do adapt, the problem with them is they only do it when it feels like its directly impacting them, not when they see the signs of it getting bad.

[Anonymous No.28074219]

>>28074040
exactly, that's why I'm afraid XMR won't take off like BTC and ETH

[Anonymous No.28074272]

piece of shit crabcoin

[Anonymous No.28074354]

>>28073111
you already spammed the thread idiot fucker
see >>28066197

[Pirate No.28074501]

so private coins are the future or private features implementation in big coins are?

[Anonymous No.28074522]

>>28074200
I guess it could be a matter of time before some normies need to buy/sell something (besides drugs) that big govt and big tech say is bad and "not allowed". So they're forced to use XMR to cover their own ass

[Anonymous No.28074611]

>>28060101
1) why didn't satoshi develop it to be the way XMR is
2) why does the intent of satoshi matter at this point crypto is supposed to be detached from any one entity

[Anonymous No.28074634]

>>28066880
hope you don't pay your taxes

[Anonymous No.28074766]

>>28074611
>1) why didn't satoshi develop it to be the way XMR is
are you kidding?
it's like asking why somebody didn't just invent the lcd instead of having the crt first
it's an incremental process
bitcoin involved a computer science breakthrough
obviously his ideas have been extended since then

[Anonymous No.28074968]

bought xmr in 2018 290$
3yrs later 140$ meanwhile btc is 39k...future outlook...
3yrs later xmr 290$ meanwhile btc 80k...great im an old fuck now but at least i got my xmr value back...reality.

[Anonymous No.28075033]

>>28074968
buy bitcorn then you nigger

[Pirate No.28075067]

>>28074968
yhea you know in which one are investing institutions and dont want the other pump

[Anonymous No.28075092]

>>28064393
Monero-chan is cute!

[Anonymous No.28075724]

zero x monero

[Anonymous No.28075802]

>>28056613
It is a great long-term investment, and anyone who says otherwise is stupid.

[Anonymous No.28076053]

Market has deemed this a shitcoin

So pathetic to see

[Anonymous No.28076136]

>>28075724
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

[Anonymous No.28076254]

>Be me
>Purchased this shit back in 2015 got in when it was 60cents a coin
>Have 3000
>iamgoingtomakeit
>fast forward to now
>every alt has gone up 100-200% last few months, Monero has gone backwards
>my one chance in life hitched to a coin that barely moves these days

why me

[Anonymous No.28076467]

>>28062044
Based.

[Anonymous No.28076522]

>>28065515
Fuck off Sandeep.

[Anonymous No.28076674]

everything will pump eventually.

[Anonymous No.28076891]

>>28071343
2^64 -1

[Anonymous No.28077605]

>>28056613
Monero is not for speculation investment, it's just a medium-of-exchange with real world use cases

[Anonymous No.28077926]

>>28077605

.. and doge coin is what exactly??

[Anonymous No.28078127]

>>28077926
a shitcoin with no use cases, pumped by musk for him to sell