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/biz/ - Business & Finance


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53670575 No.53670575 [Reply] [Original]

>> No.53670591
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53670591

>>53670575
What /biz/ was talking about exactly 5 years ago today

>> No.53670592

>>53670575
>eggs: $1/dozen

>> No.53670663
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53670663

Time to get rid of $XRP

>> No.53670676

Everything has X100 in only 5 years. You're buying extremely late. You're the greater fool.

>> No.53670683

>>53670575
and all 4 topped for the final time against bitcoin that year, never to see a new btc high ever again.

>> No.53670691

ltc and xmr will be back there soon
that's where they belong
it's just a matter of my time
screencap my anus

>> No.53670713
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53670713

>>53670663
>>53670683
>>53670691
> BTC = Baseline, prime mover
> XMR big 10X pump in late 2016 with dominant darknetmarket AlphaBay accepting payments, underperform since then
> XRP massive pump in early 2017 going to $0.40 in April, struggling to support that price 6 years later
> LTC big pump with Charlie Lee (employee) persuading Coinbase to make LTC the 3rd accepted coin after BTC and ETH, underperform since then
> ETH dumped big in the 2018-20 bear market and took a couple of months to catch up to BTC when it began to run in 2020 but it has really outperformed since then and held up well
i would go with BTC as largest holding, then ETH then a new shitcoin mix. i say this as much as I love XMR. It's time to give that up especially with regulations

>> No.53670715

>>53670691
XMR will be there soon, but a PoS coin will replace LTC (useless fucking shitcoin)

>> No.53670718

>>53670575
Very healthy looking compared to what we have now.

>> No.53670720

>>53670713
>i say this as much as I love XMR. It's time to give that up especially with regulations
if you love XMR but give it up because of FUD, then it's time to give up on BTC because CBDCs are coming...

>> No.53670734 [DELETED] 
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53670734

I could have been a billionaire. Instead I was going back to university after a 3 year absence, to finish the last semester. My life is fucked.

>> No.53670767

>>53670575
Makes me feel sick knowing I could have just went dca into eth and been a multi millionaire

>> No.53670805
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53670805

>>53670720
> XMR FUD
i remember when XMR jumped from $25 to $100 pretty much overnight when Korean exchanges started carrying it. The you had Japan. $1 Billion market cap overnight. Now, it's banned on Korean and Japanese exchanges. That's a ton of money that will not flow into XMR. EU and US regulations are going to get tighter. Kraken might soon get pressured into delisting XMR with the SEC trying to clamp down on exchanges instead of crypto itself. It makes money hard to find iself to XMR because most normies are idiots. Also XMR transaction volume has really fallen with the malaise in darknetmarkets in the recent months. Not FUD, just stating facts. Best tool or use case, does not necessarily make it the bes investment.

>> No.53670807

>>53670713
monero was never an investment outside of its first-and-only-cycle pump and dump as most alts get. it's a utility, still useful today but mostly superseded by things like l2s with privacy on ethereum or even tornado cash.

>>53670720
the difference is bitcoin is the only unique neutral decentralized asset we're going to get, while monero is an alt that competes with tech alone. users that need privacy don't need monero, they're happy with anything that serves them, but cbdcs aren't and can't compete with bitcoin, they're just going to kill zombie coins like xrp or xlm.

>> No.53670833

>>53670807
But can’t your activity be tracked in BTC all the same as CBDC? Central Banks may not have direct control over your money like they do with CBDC but they can still assess penalties on you if you use BTC.

With Monero that really isn’t possible

>> No.53671014

>>53670833
which is irrelevant to bitcoin's intended purpose, as a neutral decentralized auditable money/payment system. cbdcs compete with other centralized payment systems owned and operated by individual or joint private companies.

monero's one and only purpose is privacy, it's a product offering one singular feature. nobody is going to care about the financial or technical details of monero's issuance, whether there was a premine, how decentralized it is, what it's long term prospects are, when they're trying to hide their money movements. they're going to pick whatever they think is the most private that isn't going to crash or disappear in the days/weeks it takes to filter money through the system and back into a safe long-term storage like bitcoin or a stablecoin.

>> No.53671090

>>53671014
I can’t get to the point of classifying privacy as just a feature. Privacy is fundamental to actually having a currency. If you don’t have privacy, you just have a different implementation of CBDC.

>> No.53671169

>>53671090
>Privacy is fundamental to actually having a currency
yes
some people don't realize that gold coins, silver coins or the cash they use are also fungible, private
a digital currency has to have that property, otherwise it wouldn't be a currency

>> No.53671181

ROSE?

>> No.53671720

>>53670575
imagine putting all your money in probably what was fundamtally the best project and it turns you picked the wrong horse

>> No.53671792

>>53671090
it might be "fundamental" but monero only exists as long as its privacy technology is not just good enough, but one of the best. hence why it's fading into irrelevance for non-retail users.

bitcoin is designed to be transparent for auditability purposes, which is why something like monero will always remain niche.

>> No.53671818

>>53671720
>jews
>fundamentally good project

>> No.53673120
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53673120

>>53670713
Crypto is my only hope

>> No.53673130
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53673130

>>53670575
Damn, I will screenshot my ORE bag and recreate this in the next 5 years.

>> No.53674763

>>53671792
>fading into irrelevance
What are you referring to here? I don’t see any major drop in volume beyond what a normal bear would do

>auditability
This is a ridiculous justification when anyone in the world can use the “transparency” to “audit” you. I cannot imagine how 90% of the world would be ok with that. Which is one of the major reasons why Bitcoin isn’t used for much outside of speculation these days.

>> No.53675073

>>53670575
Damn XRP and ETH has gone a long way, my favorites the price pump on them is fucking obviously especially on Ethereum the diversification into staking on Sushiswap, LM on Uniswap for sylo pool staking, AAVE, and more.

>> No.53675122

>>53670767
it's hilarious, i should have dropped out of high school, got a mcdonalds job and invest in crypto.