xmr long term

[Anonymous No.57440096]

is it good for savings? I want to take out shitcoin gambling profits into a cold wallet as a form of savings and i've been thinking about monero. Ideally I want something thats secure and going to last forever. Bitcoin fees are too much, since I'm going to be depositing into the wallet weekly/monthly/whatever I want something with low fees.
Maybe litecoin? I dont know if it has as good of a future as monero does.
I'm not *too* worried about losing money to market price movement, but something relatively stable in terms of price is also ideal.

[Anonymous No.57440119]

>>57440096
Also not going to use a stablecoin, especially not tether.
As far as i can tell XMR is the best for what i want
>low fees
>secure network
>is actually used as currency so unlikely to become irrelevant
>price isn't particularly wild
thoughts?
Also my ID is orange like the XMR logo so thats cool

[Anonymous No.57440301]

Might not be ideal because despite what people tell you, it is going to rocket up in price eventually.

[Anonymous No.57440318]

>>57440301
You think so? As long as its not going to do it in the next 12 months I think ill be fine.

[Anonymous No.57440333]

privacy coins will get rekt right and left as crypto gets regulated. dump all

[Anonymous No.57440345]

>>57440333
checked
atomic swaps exist though

[Anonymous No.57440390]

No, transactional media are poor stores of value.

[Anonymous No.57440479]

>>57440390
PMs were used in currency as well as to store value for a long time anon. That really only applies to fiat where inflation will rape your value over time.

[Anonymous No.57440504]

Bitcoin is better. XMR regularly gets ripped off of exchanges and banned in foreign countries making it a poor store of value

[Anonymous No.57440517]

>>57440390
brainlet take that’s completely divorced from objective reality

[Anonymous No.57440525]

>>57440504
I could see that being a problem for some people but has it ever really affected the price?

[Anonymous No.57440554]

>>57440517
No, its a basic price model. A lack of supply hoarding and high velocity (coins being transacted a lot relative to market cap) both push the price downwards. Monero maxis themselves will constantly tell you it isn't meant to moon and is supposed to be transacted with, not saved (i.e., hoarded).

>>57440479
Gold was used to store value generally. Lower value media like silver, copper, paper, or tally sticks were used as transactional media.

>>57440525
You need liquidity and a massive user base to be an effective store of value. Tech alone doesn't cut it.

[Anonymous No.57440572]

>>57440479
Also here's silver (a historical transactional media) vs inflation for the last 300 years.

[Anonymous No.57440685]

bitcoin fees aren't as bad as people think, if you time your withdraws and consolidate UTXO's its not even noticeable. the main cost will be from taking it off exchanges directly after that its fine. recently i payed a fee of 8 bucks to take my btc off of crypto com, and current real fees are under 2 bucks. Pic rel

[Anonymous No.57440751]

>>57440479
>>57440517
Gold has has rarely if ever been used as transactional media, poor monies like silver were used instead. Never forget Gresham's law, good stores of value simply won't be used as transactional media

[Anonymous No.57440761]

>>57440096
>is it good for savings?
Why not hold US treasuries?

[Anonymous No.57440861]

>>57440751
>>57440479
>>57440390
Every store of value was first used as a currency retards
Because a store of value needs to ensure somebody wants to buy it, so a currency is perfect if its not inflated.
Bitcoin was first used as a currency aswell and now its perverted

[Anonymous No.57440909]

>>57440861
>Every store of value was first used as a currency
False.
>Bitcoin was first used as a currency aswell and now its perverted
Transactional media is a lowly status, good stores of value quickly secure significant SoV demand and therefore SoV premium which elevates them above such vulgar use case.

[Anonymous No.57440910]

>>57440761
>(((US treasuries)))
>>57440861
i agree with you anon. thats why i'm leaning towards XMR or maybe LTC.
>captcha MKMK

[Anonymous No.57440961]

>>57440554
I understand the economics of the argument, that use as a transactional currency puts selling pressure on it, but the model isn’t that one dimensional. There is value in utility, and selling pressure from transacting is only one variable of many.

I am not a monero maxi at all fwiw. But I can tell you’re a deluded BTC / block stream simp.

[Anonymous No.57441014]

>>57440751
This likely has more to do with properties like relative scarcity then anything. It makes more sense to carry silver coins due to their purchasing power.

[Anonymous No.57441028]

>>57440751
And Gresham’s law doesn’t relate to this at all.

[Anonymous No.57441042]

The cia is probably behind Monero bro. They are the devs. The whole thing is a scam imo.

[Anonymous No.57441053]

>>57441042
why do you think that?
also why would it matter? tor was made by the navy.

[Anonymous No.57441314]

>>57440961
There is value in utility, but not as money or as a savings vehicle. One rule that repeatedly holds true for crypto is that utility, an "irl use case", is always terrible for price.
Silver and platinum both have very high utility or functional demand, but they still make for bad money relative to gold, which has very little utility. Utility adds a premium on the price for use as a store of value, so is not something you want for a savings vehicle.

>I can tell you’re a deluded BTC simp
Not an argument

[Anonymous No.57441335]

>>57441053
>why do I think that
Because they have their hand in everything. You think the thing that would give us the most power they aren’t in? Lol. Use your head anon. Plus a dev in 2018 once said it’s basically impossible to get 100% privacy but if you’re a high level hacker type who hasn’t entered his personal info online ever and never not used a vpn, etc, then that person would have a decent chance. Basically he straight up told you it’s not going to protect you. You are going to risk 20 years in prison to evade taxes?

[Anonymous No.57441347]

>>57441335
That dev is right, 100% privacy isn't real. Security is a spectrum, and using XMR puts you further on the secure side than using BTC does. Using it alone doesn't make you completely 100% anonymous.

[Anonymous No.57441362]

>>57441347
Right so why even bother if you aren’t getting guaranteed privacy. If you want privacy use cash, gold, or silver and exchange it in person. Digital privacy is a meme. The surveillance state is too large. If your computer has a chip in it that isn’t pre-2000 then it’s tracked by mossad

[Anonymous No.57441386]

>>57441362
we are talking to eachother over the internet, i buy 80% of my shit from the internet, and i work in cybersecurity. Glowniggers aren't omnipresent deities who can see your every move online. If you aren't a retard and take the right precautions you can have a good chance at beating them. XMR or other privacycoins are one of those precautions.
You use https instead of http even though its not le guaranteed pribacy, right?

[Anonymous No.57441402]

>>57441386
Holy shit you’re retarded. Mossad literally owns the chip inside your computer. They own the OS you are using. They can see everything. But go ahead and think you have privacy

[Anonymous No.57441453]

>>57441402
nigger you are retarded. why the fuck does the CPU in my desktop computer matter?
There are thousands of people who get away with selling child porn and meth on darknet markets. Intel ME isn't some backdoor that the NSA can just reverse shell into any time they want, its a hardware-level vulnerability that would require a specialized payload to exploit.
glowniggers are literally retarded and current privacy tech is more than capable of beating them, assuming you dont slip up (which you probably would since youre a retarded nigger)

[Anonymous No.57441709]

>>57441453
Research the masons, then your whole belief in privacy will shatter. Start with the penguin if you want a quick break.

[Anonymous No.57441725]

If the only reason against BTC are fees, use lightning?

[Anonymous No.57441772]

>>57441725
>LN
Doesn't even work lmao.
You still have to pay channel opening fees and channel closing fees (onchain fees). You still have to pay channel top-up fees if you want to pay an amount greater than your existing channel liquidity.

You have to either run a horrendous rube goldberg machine type software (btc full node and a LN server on top of it) that never goes down; or you are pushed to using centralized custodial wallets, at which point you aren't using btc (why not use paypal then).

tldr; LN is dogshit. XMR rules.

[Anonymous No.57441874]

>>57440096
monero aint going anywhere

[Anonymous No.57442238]

>>57440333
Nigger, monero will be only thing left standing after crypto gets banned.
And most of the crypto maoney will flow into it.
Crypto is regulated. Kyc

[Anonymous No.57442252]

>>57441042
No evidence od claim. Open source, does not matter. Glowboys push BTC but delist XMR., can even mention monero on TV (they say privacy coins)
BTC/Fagot hands typed this

[Anonymous No.57442329]

>>57440390
>rocket takes off without the snail and BTC

kek, this one is too real

[Anonymous No.57442363]

>>57441402
psyop.

>govs are so perfect they can backdoor anything, so no point in trying to hide

yeah suuuuure. If a cop asks you for your truecrypt PW and ensures you they can crack it anyway, you'd have to be retarded to to help them.

[Anonymous No.57442489]

>>57441709
The point is that you can raise the cost of attacking you and that's usually enough for the threat models of most people.
By the way, it's true that you should get a librebooted laptop though.

[Anonymous No.57443401]

>savings
>bitcoin fees are too much
yeah worry about other things in life first

[Anonymous No.57443425]

>>57440390
kek keep telling yourself that

[Anonymous No.57443526]

>>57443425
monero bagholders retardation only made sense when they started saddling up with bcash, a literal top-down centralized fork of bitcoin.

[Anonymous No.57443542]

>>57440909
Rai stones were a currency used and exchanged. They are simply a large denomination currency, kind of like using sculptures as currency when trading expensive things between families or communities.

[Anonymous No.57443625]

>>57443526
BCH was created because a company took control of BTC. Keep sucking blockstream and banker cock. Many of us know and remember what was happening in the forums and subs back in 2017 with legit discussions disappearing anytime someone suggested on-chain scaling. The XMR and BCH communities are the only ones that still have their heads set straight.

[Anonymous No.57444526]

>>57441314
made up nonsense, like I said earlier

[Anonymous No.57445246]

>>57444526
No, the point of a store of value is to aggregate the entire value of an economy. Utility in itself is completely unnecessary for this purpose, adds extra demand, price fluctuations, & unpredictability beyond that related to use as a store of value, making it less accurate at tracking the total value of an economy. Price action gets dominated by the specific utility. Things like inflation rate, user base, & liquidity are much more relevant to a savings vehicle than a thing's functional demand.

[Anonymous No.57446250]

>>57440096
based
im using XMR for the same thing
comfy for holding and for spending

[LebAnon No.57446678]

>>57440504
its LITERALLY used more in foreign countries
>t. living in hyperinflation
its sound money, safe mode and makes (((keynesians))) seethe

[Anonymous No.57447156]

>>57440751
You have no actual understanding of economics other than excerpts from the Bitcoin Standard do you?
Gresham's law has nothing to do with SoV, it simply states that
>that an artificially overvalued money tends to drive an artificially undervalued money out of circulation
It is an example of the general consequences of price control.
>>57440909
The Rai Stones were exchanged, in fact they were good at exchange since you can't steal a boulder and the island's inhabitants trusted each other to keep track of who has what stone.
And "SoV demand" is a complete oxymoron, what is there to demand? Storage for the sake of storage is something that nobody does. People hold onto assets in anticipation of being able to use it in the future. For transactions. As a medium of exchange. Utility (more precisely saleability) still continues to predate every other external use. Money doesn't exist in a vacuum to tap into some otherworldly resource of "value" (even though people deluded in fantasies like >>57445246 claim it does), it exists for people to use it. Be that spending in the far future, or the near future. True money will always remain a medium of exchange.

[Anonymous No.57447202]

>>57440096
Why yes, I do use XMR as a store of value, what gave it away?

[Anonymous No.57447262]

>>57441402
>They own the OS you are using.
They own Gentoo?

[Anonymous No.57447280]

>>57443542
>>57447156
Exchanged =/= transactional media, BTC, large cap equities, and gold are also exchanged, doesn't make them transactional media.
>Storage for the sake of storage is something that nobody does.
Expect for the $20T in gold sitting in vaults and safes, the $100t in real property, the trillions in SoV premium in large cap equities etc etc etc

[Anonymous No.57447300]

>>57447280
You completely missed the point. I need not elaborate.

[Anonymous No.57447330]

>>57447156
>People hold onto assets in anticipation of being able to use it in the future
Congratulations, you've figured out what a store of value is. Something that retains its value into the future, or even increases over time (though people have been so mindbroken by inflationary fiat they think price go up over time = ponzi).
It's not some otherworldly "value" that falls from the sky, people decide on a SoV based on whatever has the best monetary properties (inflation) and the largest audience (liquidity, users). I know you love coping about Monero, but it doesn't have the best inflation rate, lacks liquidity, lacks users except for a niche use case. It's great at what it does, as a utility or transactional medium, but as many Monero maxis have already said, it's not meant to be saved.

[Anonymous No.57447374]

>>57440096
there's more delistings coming. but its smart to have some monero for your darkfolio

[Anonymous No.57447677]

>>57447156
Also, it's hilarious that you'd claim there's no SoV demand in a thread started by an OP demanding a store of value

[Anonymous No.57447681]

>>57447330
You are so fucking close. Yes, saleability theory accounts for people wanting to hold for an extended duration, any medium will take a time progress from point of buying the money to the point of selling it. However, for one this implicitly acknowledges that money is a medium of exchange. For two, price (be it future points of anticipated price) depends on supply and demand. You've correctly identified the supply part of the equation being inflation, but mistaken demand for this vague concept of "audience". This is why I said you were this close.
The demand (curve) is the function of exchanges based on price (in this case, it's inverted, so it's purchasing power). Higher demand means more exchanges occurring at the same purchasing power. Practically speaking, this means that independently from the effects of the supply curve people conduct more transactions. For what that might be is unknowable by definition since it's a subjective value judgement.
And indeed that might be because of future anticipations for the asset to keep its price. Founded or unfounded, realized on unrealized. But better viewed as money is sold at the end of the day, it is the general concept of "saleability of money" that determines its price alongside the supply curve. And this is why it's retarded to pursue SoV as this end goal, it's the classic example of putting the cart before the horse. Even if you are the most devoted HODLer, Bitcoin will be eventually sold or used. And Bitcoin's price depends on people's judgement on being able to use it. The only reason Bitcoin's price hasn't collapsed yet is the slow and steady replacement of the original userbase with investors and institutionals. They don't care about the abysmal state of the network, the fees, the centralized development, the loss of anonymity. They care that they can sell Bitcoin after the next supply-shock.
I attached picrel if you need help, but do not make me refer back to this post. Read and understand.

[Anonymous No.57447731]

monero is literally getting banned in 2 days

[Anonymous No.57447808]

>>57447731
translation: Monero is going on discount in 2 days

[Anonymous No.57447825]

>BTC is a store of value
Then why Lightning and other L2 nonsense? It wastes BTC on lowly transactions instead of encouraging storage.

[Anonymous No.57447843]

>>57447808
yes, but if you have spare capital, MiCa regulation come in play in February, and then how do you cash out

[Anonymous No.57447850]

>>57447731
>>57447808
already priced in
even a full US ban is priced in at this point

[Anonymous No.57447879]

>>57447850
most people don't know about that
and monero is big in europe drug market
it will go to 80 - 100 USD

[Anonymous No.57447945]

>>57447681
Nigger your midwit mental gymnastics don't change the fact that more people have heard of Bitcoin, use it, it has a better inflation rate, way more liquidity, and is way more accessible.
Then you cope about higher fees not because you've solved the trilemma, but because no one uses your shit so there's no demand or security, just like every other PoW fork that wants to be the next Bitcoin.

You're as bad as GME or silver bugs at this point, constantly fantasizing about some collapse in two more weeks that'll prove you right (whether the short squeeze, civilization going full minecraft, or Bitcoin going to zero), when every indicator: price, demand, exchange availability, access to markets, transaction counts, ETFs, adoption as legal tender or de-factor tender, all indicating otherwise. Monero keeps losing access to all the biggest markets, then conflates the rising demand for Bitcoin as evidenced by fees as some kind of failure. Maxis themselves constantly say Monero is not meant to be saved.

[Anonymous No.57447962]

>>57447879
>it will go to 80 - 100 USD
i hope so, i'll slurp a bunch

[Anonymous No.57447981]

>>57447962
yeah, but seriously, how do you cash out
there is a second law that states, unexplained wealth is confiscated in the EU

you buy, it pumps, you can't cash out

[Anonymous No.57447994]

>>57447981
atomic swap? no-KYC CEX?
I dont live in yurope but im sure they can figure it out

[Anonymous No.57448007]

>>57447994
it is much harder, because eventually you have to deal with a bank
if you trade on a CEX, you buy low, and sell high, then that is explained, but you get taxed

conditions are bearish

[Anonymous No.57448086]

>>57448007
idk nigga buy some crack with it and re-sell it on the street to turn it into cash.
if europoors are too retarded to figure out how to offramp XMR thats their fault.

[Anonymous No.57448125]

>>57447981
>yeah, but seriously, how do you cash out
You don't? Just use the XMR to buy things whether it's goods and services or giftcards for goods and services. Never cash out. That's not what XMR is for.

[Anonymous No.57448139]

>>57448086
nigga what if you are selling the crack
I need to cash out!!!1

[Anonymous No.57448149]

>>57448125
People might have more than a few bucks in xmr, giftcards? Lmao

[Anonymous No.57448186]

>>57447945
You simply cannot assess demand, it's a subjective valuation. You might build mental constructs that it's liquidity or CEX availability that matters, but you miss how those characterizations depend on a specific type of person: The Investor. The type that will pump in money, and pump out money. And with every passing day the reason for any investor to speculate on Bitcoin becomes slimmer and slimmer, Bitcoin has had perfect history of correlation with both the US M2 money supply, S&P500, and most closely the American tech sector. With the ETF here, the difference between putting a 10x leverage on some tech composite index and investing in Bitcoin has become only that the latter has legal guarantees.
So yes, Bitcoin will go to zero, that is just an objective analysis of the facts. Sell your coins, step back, and you will see the picture clearly. But to go over a few points
>Bitcoin network security is incredibly unstable, fees-in-reward hasn't shown any signs of being able to sustain itself above the 5% mark
>Bitcoin's non-investorial demand has gone bellow Monero's non-investorial demand this last bear market
>exchanging Bitcoin keeps getting worse with newer and newer KYC/AML regulation, Monero's exchanges keep getting better for the end user
>Bitcoin keeps getting worse for conducting transactions, while Monero keeps getting better for conducting transactions
Legal adoption is a joke for the reason above, integration with TradFi means becoming a cog in the machine of TradFi. Congrats on making the banks actually profit from an anti-bank movement, great work there!
>Monero keeps losing access to all the biggest markets
Fact-check: False. All legit DNMs accept Monero.
But the fact that you called this "mental gymnastics" instead of actually getting the point across that SoV is nothing when compared to the general concept of saleability goes to show that you either haven't understood it, or are in active denial about the characteristics of your investment.

[Anonymous No.57448218]

>>57448186
there is a magic bullet
ticker BTC can switch to PoS, that will give hodlers meme powers, similar to the link cult

[Anonymous No.57448263]

>>57448149
>giftcards? Lmao
You can get gift cards for almost anything.
I'd be perfectly happy with 7 figures in XMR knowing that I could easily use it to feed and clothe myself and family, furnish my house, acquire firearms and ammo, toys for my children and much more easily for the rest of my life with enough to pass down for my kids to do the same.

[Anonymous No.57448273]

>>57448263
someone takes the monero and provides you with services
that someone haws to cash out
if he can't, he won't do the business or it will be at great markup

[Anonymous No.57448285]

>>57448186
I can assess demand, it's called price, you just rationalize it away as fake because you don't like it.
>Bitcoin has had perfect history of correlation with both the US M2 money supply
That sounds like aggregating the value of the US economy to me.
>Bitcoin's non-investorial demand has gone bellow Monero's non-investorial demand
You were just coping about how demand can't be assessed. Except when it serves you of course.
>Monero's exchanges keep getting better for the end user
Monero exchanges keep disappearing. Others like localmonero have a huge markup. And atomic swaps? That's been out for years and still has no liquidity.
>All legit DNMs accept Monero
"Legit" as in whether or not you approve of it. And online DNMs are tiny compared to normies or the finance industry. But again you say they don't count because you personally don't like them. The entire case for Monero depends on Bitcoin failing while simultaneously moving goal posts to define failure as whatever you say it is.

[Anonymous No.57448291]

>>57448218
I can totally see it happening. Second layers are becoming more and more distant from actual Bitcoin, the only thing you need is for the IOUs to not be redeemed on the IOU passing network and you've got ample ground to make whatever monetary policy you wish.
As for the cult part, Bitcoin maximalism is already a cult. Satoshi the savior (whom you are not allowed to defame), The Whitepaper is the Holy scripture (which you are not allowed to read), the Laser-Eye PFP Twitter users are the Priests (who only preach what is true), and the Rapture will come with Hyperbitcoinization (which will only happen to the believers of the Church of Bitcoin). You even have the ever observing Church in the form of ChainAnal LMAO.

[Anonymous No.57448327]

>>57448291
you know your shit
I think monero will dump, because of the ban, but monero is ok.

[Anonymous No.57448463]

>>57448285
It's not "aggregating value", it's called being closely under the effects of inflation. FED prints money -> flows into finance -> flows into tech as well as Bitcoin. Money printer off -> Bitcoin price goes down. Very good health. Much recommend! Search up "Hume-cantillon effect of inflation" for more.
>You were just coping about how demand can't be assessed. Except when it serves you of course.
Case 2 of surface level reading instead of understanding the theory. And I thought the context could help you understand. You can tell how much demand is, but you can't decompose it to an equation of liquidity + NgU magic = $$$. Furhermore, such simplistic analysis will miss the most fundamental problem that Bitcoin's current users pose an inherent structural risk. It's not that I just irrationally can't stand the central banker next to my money, they are very clear risk to my money. Bitcoin was meant to solve the problems that led to 2008.
>CEXes
Oh noes, literal scam exchanges that sell deposits unbacked by Monero won't accept it anymore! Anyways, black and grey market activities have provided ample liquidity. DNMs alone are multi-billion dollar industry now.
>"Legit" as in whether or not you approve of it
No, as in empirically speaking, DNMs that stuck with Bitcoin are way more likely to backstab the userbase.
>>57448327
To be honest, long term it will only serve Monero. Binance has been on a run to suppress the price action by selling paper-Monero.

[Anonymous No.57448470]

Monero is basically a second layer for Bitcoin, to be used for actual transactions. Or, the other way round, Bitcoin is the kosher way of fiat on/offramping your Moneros.

[Anonymous No.57448588]

>>57440685
that is what mine used to be every single week for the past 2 years on coinbase, now its like 40 fucking dollars.

[Anonymous No.57448619]

>>57440096
it is absolutely AWFUL long term. permanent inflation, banned everywhere, potentially criminalized
it's a hot potato supposed to be used not hold

[Anonymous No.57449132]

>>57440096
Monero seethe over Bitcoin thread, #8001

[Anonymous No.57449155]

>>57448470
this is what Im doing but waiting for slmething better. confidential token transfers on sol looks nice

[Anonymous No.57449635]

>>57448463
The US dollar inflates, that's an unavoidable given. Bitcoin has been one of the few assets to reliably absorb and beat that inflation. It's worked as a fantastic store of value for 15 years, so at the very least has a fantastic track record.
Conversely Monero hasn't stored shit all in terms of value, being stable against the USD is the same as losing value, not to mention against Bitcoin.
Monero maxis have been coping for years and years about better tech, fundamentals, utility, DNMs, etc. to no effect. It's still not used for saving, plenty of people in the Monero community say its not for saving or going up. So the simple answer to OP's question is "no".

[Anonymous No.57449700]

>>57448463
>noooooo Bitcoin can't heckin' outpace inflation that's baaaad
lmao you fucking retard

[Anonymous No.57451214]

>>57447681
>Bitcoin will be eventually sold or used.
It will be sold to someone that also wants a cryptographically fixed unit of account
>And Bitcoin's price depends on people's judgement on being able to use it.
Just as gold is in use by sitting in a vault, BTC is in use sitting on a cold wallet. I buy BTC because I know that people in the future will also want what I want from BTC, an absolutely fixed supply asset that can be stored in 24 words, can be sent worldwide in minutes, that can be transferred and verified trustlessly, and that has the widest acceptance by dint of being first

[Anonymous No.57451411]

>>57442238
If crypto is banned, how can XMR make sure, on a technical level, that it's not filtered by ISPs?

[Anonymous No.57451657]

>>57448463
>Money printer off -> Bitcoin price goes down.
Kek. Money literally flows, monetary expansion causes money to flow almost exactly like electricity, with the "monetary impedance" (how easy an asset converts to money) of an asset determining how fully an asset inflates for a given increase in monetary base. The nominal future price being a product of (monetary expansion/monetary impedance)*(real demand growth). BTC, being low impedance, will grow at the rate of (monetary expansion)*(demand growth), demand will continue to grow because an inverse of monetary expansion without liquidation risk, volatility decay, or counterparty risk is highly valuable, money stock will continue to expand because monetary expansion is the mechanism behind oligarchical parasitism.

[Anonymous No.57451745]

>>57448463
Also
>Money printer off -> Bitcoin price goes down
Considering Monero is down 69% from its ath relative to 37% for Bitcoin, it's clear that shitcoins are way more sensitive to the money printer than Bitcoin, despite all your supposed "utility"

[Anonymous No.57452327]

>>57449635
>>57449700
>>57451657
>>57451745
>QUADRUPLE RETARD COMBO
Well, I did namedrop Cantillon so none of you guys can be complaining. The problem isn't inflation, every asset eventually catches up to inflation that is simply how money works. The keyword was "closely". The important part is seeing where Bitcoin is situated in respect to the source of inflation (the FED). I already went over the effects to some degree, money not being a medium of exchange will place it firmly to be a financial asset. And Bitcoin was never meant to be yet another financial asset, read the goddamn whitepaper. But if don't want to scroll up, here's the quick rundown:
>it makes Bitcoin no different from buying any other tech stock
>it situates Bitcoin to be under the influence of M2 and not M1, credit is much more prone to contract and expand artificially increasing Bitcoin volatility (yes Monero has lower volatility before you sperg out and post that chart)
>it simply goes to show that Bitcoin is not a currency
As for
>muh Monero ATH
It's literally fraud, when the bear-market started Binance noticed that it could sell deposits without buying the underlying asset and use those unbacked assets to finance shorting. Artificially expanded supply -> price action is suppressed.
Once again, Bitcoin maxis fail to do anything other than a simple surface-level analysis. No wonder "line goes up, so line must go up" mentality is so common.

[Anonymous No.57452399]

>>57451411
Pretty sure if you run a node you can connect it over TOR

[Anonymous No.57452425]

>>57452327
you can't suppress the value of a valuable asset forever, gold isn't that valuable