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/biz/ - Business & Finance

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28990437 No.28990437 [Reply] [Original]

why is this shit pumping

>> No.28990471

drugs

>> No.28990507
File: 33 KB, 512x288, xmr.jpg [View same] [iqdb] [saucenao] [google]
28990507

>> No.28990517

pump & dump. fuck this shitcoin.

>> No.28990528

weapons

>> No.28990535

because everything else has pumped hard and Monero is still not even half way to its previous ATH

>> No.28990620

Monero pumping is literally the last thing that happened in before the market collapsed last time

>> No.28990626

>>28990437
It's not pumping, it's returning to the mean. It's been massively undervalued in sats for some time.

>> No.28990635

>>28990437
Monero is the only crypto that's actually dangerous to the establishment and coincidentally the one that's banned in several countries and (((coinbase))) refuses to list it.

>> No.28990710

>>28990626
>>28990635
tell me about it, I've been sitting on my 100% XMR stack for the past few months
but what key event triggered the POOMP now?

>> No.28990818

Literally the only useful decentralized coin that doesn't broadcast your every transaction to the IRS (Bitcoin) or isn't an elaborate centralized nested russian nesting doll of pump and dump scams with 300 dollar gas fees (Ethereum and every other ETH-like shitcoin or ETH based shitcoin)

>> No.28990859

>>28990437
QAnon predicted this.

>> No.28990904

because i sold

>> No.28990916

>>28990818
yes, great, amazing
but why is it pumping NOW? Why didn't it pump last month? or 6 months ago?

>> No.28990926

Probably because it’s an actually useful currency. I do t even have any and I feel like a retard for not owning any because I’m chasing ERC-20 pumps

>> No.28991123

>>28990916
>>28990710
Probably BTC profits flowing back into XMR

>> No.28991138

>>28990437
it’s a RETRACEMENT retard
all the fuckers that did not invest can buy my bags at $1000 idgaf
I’ll wait for you at the top of the fomo meanwhile enjoy being priced out of a suicide stack

>> No.28991223

>>28990916
I could think of a few reasons:

People looking to try to hide their cryptogains from taxes.

It was far behind most other coins during the rally and people are seeking something like "value" in this insane rally.

It's relative stability seems almost boring... which might appeal to people looking for a crypto without too much volatility but not the downside inflation risk of a stablecoin.

>> No.28991247
File: 1.53 MB, 1150x4384, monero-is-the-future.png [View same] [iqdb] [saucenao] [google]
28991247

More and more people are realizing its undervalued.

Might also be the fact that its flipping BTC on the darknet.

>> No.28991629

>>28991138
What even is a suicide stack in XMR?

>> No.28991767

>>28991629
[unknown amount]

>> No.28991881

>mfw i just wanted to quietly fill my bags in peace
stop fucking pumping it you assholes

>> No.28991963

>>28991629
I have 41. wish i had 100

>> No.28991975
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28991975

>>28991767
correct

>> No.28992932

>>28990471
>>28990517
>>28990528
Someone wants to get in lower.

>> No.28993053

>>28990437
Low inflation rate

>> No.28993124

>>28992932
Also, remember when Bitcoin was a baby and people said the exact same things about it? Now, it’s common knowledge that no one actually uses BTC as currency. They use XMR. Funny how that works.

>> No.28993128

>>28990437
because everyone knows once this bull run ends people will flee to monero because they don't want to cash out to a dying currency (USD)

>> No.28993302

>>28990517
LOL

>> No.28993355

>>28990517
dump when sirs I want to buy more

>> No.28993664

Privacy coins will rip due to IRS pussy grabbers

>> No.28993945

>>28991629
an unknown amount

>> No.28994000

>>28991629
100

>> No.28994227

>>28990437
I wonder what other cryptocurrency was used for darknet markets. Something that people thought was anonymous but wasn't really. What was it called again?

>> No.28994319

I have 2 lol

>> No.28994602

>>28991138
>enjoy being priced out of a suicide stack
how many for a suicide stack sir
>inb4 [unknown amount] meme i want a real number

>> No.28994632

>>28991629
18.7

>> No.28994697

>>28991767
heh

>> No.28994717

>>28994602
what's a btc suicide stack? there's your answer. 1 btc = 1 xmr

>> No.28994836

tax season

>> No.28994991

>>28990437
because its untaxable bitcoin

>> No.28995360

>>28994717
works for me, i'll build up to that

>> No.28995525

>>28990916
fake "XMR hacked" announcement, BITTREX delisting was FUD

the only real thing is darknets actually moving from BTC to XMR

>> No.28995526

>le uncontrolled inflation by design currency
Holding XMR long term is a liability

>> No.28995709

>>28995526

> total misunderstanding of the fundamentals

ngmi
I'll sell you my bags for $10,000 a pop when it hits you

>> No.28995755

>>28995709
Bro just let him fud. Poorfags like us need to accumulate longer.

>> No.28996206

>>28991767
Correct answer.