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/biz/ - Business & Finance


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49297540 No.49297540 [Reply] [Original]

Why doesn't /biz/ just collectively hold this? It's actually used, so if we hold a decent % of the total supply wagmi.

Literally just buy 5 XMR and hold in a personal wallet. Is there a flaw in this plan?

>> No.49297839

>>49297540
no flaws
pretty based

>> No.49297887

>>49297540
>about to be flipped by LINK
its over

>> No.49297973

>>49297540
>implying Monero should be used for moonbro number chasing

>> No.49298331

>>49297540
Never thought I'd see the day where XMRchads start begging /biz/ to pump their bag
Face it, your coin won't break the 1D 200SMA again this bear market

>> No.49298420

>>49298331
>implying it's true xmrchads posting this and not some newfag

>> No.49298491
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49298491

>>49298331
Do not pump my bags. YOU SPECIFICALLY SHOULD NEVER BUY XMR.

I'm accumulating the only coin with real use. It's just such an obvious win. Idk how anyone can't see it, except for people who fear the government "ban" and have no backbone.

>> No.49298530

>>49297540
No, I don't want to pre-buy something with so much regulatory aggro. I'd rather buy it when needed and I want the acquisition and selling of it to be easy, private, and crypto native.
In fact I'd rather it not even be on exchanges anymore and it be something you can only get through atomic swaps (BTC and ETH), thorchain, bisq, etc. Why dox yourself as a monero owner at all? It should be completely off KYCd platforms to protect monero users from themselves

>> No.49298550

>>49297540
We are
>>49297973
>falling for the "it's too useful to be valuable" fud
Low IQ

>> No.49298588

>>49298420
Of course, how silly of me

>>49298491
90% of the profits I made this bear market came from shorting XMR, steady downtrend since May 2021

>> No.49298589

>>49298530
>I'd rather buy it when needed
And I'd rather not sell it to you, what's your next move. If it's valuable and scarce it will go up in price as people like you will always want it and people like me will always not want to sell it

>> No.49298605

>>49297540
>Why doesn't /biz/ just collectively hold this?
Because it's not for holding, do not ruin XMR like Bitshit. It's meant to be used, money free of surveillance and censorship.

>> No.49298618

1 BTC
32 ETH
18 XMR
1000 LINK

the suicide stack

>> No.49298670
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49298670

>>49298588
Based. Weed out the fools and keep it cheap. I'm poor. Eventually people like me will hold the majority of XMR.

>together, as an unknown amount, we will make it

>> No.49298675

>>49298589
Someone will sell. It's an open market. And if I need it I'll buy the amount I need for the transaction I have to perform. The price of it is irrelevant because it's not something I would be trying to make gains off of. I'd be buying it for whatever private purposes I want to spend it for at that time.

>> No.49298695
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49298695

WTF xmrbros... do we sell?

>> No.49299639

>>49298695
Why do these groups still accept bitcoin?

>> No.49299792
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49299792

>>49297540
Why the fuck would I want a coin that isn't premined and centralized? Excuse me, this is 2022. I only buy centralized shitcoins that are backed by venture capital money that can dump on me at any time. Also, I only want coins that can be turned off by the government at any time by calling AWS.

>> No.49299915

>>49297540
5 xmr is like 1k and i just spend my last $20 on weed

>> No.49300173
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49300173

>>49299792

>> No.49300427
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49300427

>>49299915
>last $20 on weed
Why? That weed won't last an hour. XMR will buy you more weed in a year or 2. You will literally be able to buy more drugs than you paid for the XMR with a little patience and self custody.

>> No.49300464
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49300464

>>49299915
Also, DCA. I've been buying over the last 2 years.

>> No.49300592

>>49299915
This is the saddest post on biz.

>> No.49300615

why doesn't /biz/ just hold whatever *insert shitcoin here* yeah okay anon. buy bit instead.

>> No.49301214
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49301214

>>49297540

>> No.49301340

>>49301214
>don't increase decentralization among people less likely than a normie to lose their XMR

>> No.49301388

>>49300615
I don't believe in shitcoins. None of them are worth the risk. XMR will produce significant results.

>> No.49301418

>>49297540
No, it can be the new chainlink in the sense that biz bought before a huge pump
Monero is a great store of value and has great potential

>> No.49301513

>>49301418
I actually believe in the project. It's just strange to me that it's not mostly unanimous on /biz/, seems like the one thing that could be among that short list.

>> No.49301602

>>49297540
>It's actually used
By criminals, yeah. So how would you cash out if you actually bought some and made it with this? Wouldn't the government just assume you're a criminal because it's Monero and the only people who "use it" are people who want dodgy stuff?

>> No.49301603

>>49298331
what the fuck is "1D 200SMA"?

>> No.49301627

>>49301602
no.
criminals also use cash, silver, and gold, retard

>> No.49301720

Because devs keep dumping.

>> No.49301834

>>49297540
Beyond just not putting all your eggs in one basket, and despite my like for XMR, there are concerns/flaws with it:
>Subversion/Human Element
They have removed coders for wrongthink within the last year and have an openly gay SJW as their community manager (who also likes to gaslight people and make false accusations against the community when they criticize him for stealing their money for the haveno vaporware side-project)
>Code Quality
Several serious bugs have been found recently.
1.) De-anonymization if you sent recently received XMR at any point to mid-2021 (patched)
https://cointelegraph.com/news/newly-found-monero-bug-may-impact-transaction-privacy-developers-warn
2.) Multi-signature wallet funds can be stolen (unpatched)
https://www.reddit.com/r/Monero/comments/r9nw5p/vulnerabilities_identified_in_monero/

>> No.49301904

>>49297540
it's digital cash. would you hodl cash retar?

>> No.49301993
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49301993

>>49301834
>Several serious bugs have been found recently.
>1.) De-anonymization if you sent recently received XMR at any point to mid-2021 (patched)

"de-anonymization" lol, the bug only affected the output selection algorithm, addresses and amounts weren't impacted, you fear-mongering faggot.

FUD harder


>2.) Multi-signature wallet funds can be stolen (unpatched)

Nobody even uses multisig yet hahaha

>> No.49301998
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49301998

>>49297887

>> No.49302209

>>49301993
>trust monero apologist or trust github hmm
https://github.com/monero-project/monero/issues/7807
>I don't use that feature therefore it's not a problem
Why would anyone, especially exchanges, ever want to use multi-sig wallets? Complete mystery.

Next you're going to tell me that increasing the ring size to 16 actually does something and that we don't need no zksnarks.

>> No.49302360
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49302360

>>49302209

Yeah, bugs happen. This particular bug has long-since been patched, dipshit.


>Why would anyone, especially exchanges, ever want to use multi-sig wallets? Complete mystery.

Yes, once it actually works right. Do you see any darknet markets using XMR multisig? No, because its not practical yet.

>> No.49302479

>>49300427
I knew a girl back in college who bought an ounce of Molly for 81 BTC. It was only a few hundred $ at the time.

>> No.49302541

>>49297540
I've been accumulating RAIL tokens instead anon.
Being lower cap shows more promising signs for huge growth.

>> No.49302543

>/biz/ shills something
>I it ignore it
>profit
simple as

>> No.49302846

>>49302541
Nice try jeet

>> No.49302875

>>49302543
Simple as fuck

>> No.49302996

>>49302541
Can you guys just change the name from Railgun to Railjeet already? It's a much better fit.

>> No.49303015

>>49297540
we kind of already own and hold certain cryptos. so xmr would clearly be in that list since there is a general on here every day

>> No.49303034

I have 0 xmr
Most of my bags are btc eth and link. The rest is scattered throughout cosmos ecosystem.

Sell me XMR and I will buy your bags.

>> No.49303117

>>49297540
Because it's not a retarded dog token that'll pump to 100x overnight then dump.
It's a long term hold, and I'm hodling at least till 10k+.

>> No.49303142

>>49297887
I'll rather choose RAIL instead anon cause if crypto is really going to be the future of money it cannot be centralized

>> No.49303285

>>49298675
Damn you're right. Who would ever want to hold anonymous digital cash. You're better off holding something with a finite supply like Bitcoin and pray corporate miners don't bend their knees (they will).

>> No.49303302
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49303302

>>49303142
>RAIL
>RAILGUN

Here we go again.