/biz/ - Business & Finance

[Anonymous No.52547620]

Monero has been holding up quite well this bear market

[Anonymous No.52548376]

>>52547620

Always bet on organized crime.

[Anonymous No.52548410]

As usual. Monero tends to outperform during bear market because people actually use Monero

[Anonymous No.52548451]

>>52547620
It is simply less volatile to the upside and to the downside. In the bullrun, it underperformed other blue chips like btc and eth. I think it is because of the real world use, monero flows through the darknet markets and thus has actually demand, lowering the volatility.

[Anonymous No.52549299]

>>52548451
That and it has been drowned out in a sea of bs 'do-it-all' cryptos that lose focus on anything of concrete use
No high volume futures markets, less speculation. Unironically just like btc used to be it is essentially just traded at spot therefore its valuation is far more "correct" than the rest of the ecosystem

[Anonymous No.52549364]

>>52547620
>tfw xmr is a better stablecoin then tether now

[Anonymous No.52549427]

Play in only the trusted casinos! Like Bspin.

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[Anonymous No.52549506]

>>52547620
That's because it's the only cryptocurrency that people actually use as such. People using the network facilitates real demand that isn't just greater-fool speculation.

[Anonymous No.52550972]

My only crypto hold rn. Got myself a comfy sui stack plus a little extra. Honestly though I use it as more of a utility than an investment. If it somehow fails as an investment, I still can use it to buy weed conveniently and directly to my house.