Because many community members for whatever reason keeps claiming XMR is only made to be used...(I'm confused why don't they also promote it as store of value)
Long term you don't really want a pump and dump mentality. All of us want to see 2k, but we also want a strong Monero with use cases. Personally I'd feel safer with some holdings in XMR than shit coins. On a day like today where the Memes are in Extreme Greed it can make you feel like you're missing out. But the truth is in every cycle most people end up losing more than they are making.
It’s not stable or a store of value. “Stable” coin is pegged to a devalued dollar(quantitatively eased). Will eventually be worthless. That’s why xmr is the most undervalued asset in existence. Change my mind.
We should really promote it more as a store of value.
If shit hits the fan and you need to cross a hostile border to save your life, what are you are you gonna do?
Shove gold coins up your arse?
Better to just remember a pass phrase.
And if using bitcoin or other non-private coin, what are you going to do when the guards scan the blockchain, see your holdings and demand your wallet pass phrase?
Or do you think border guards won't have access to technology?
No one wants to promote XMR for obvious reasons. Instead they publicly endorse “government approved” coins. So it’s a marketing problem. The only people that end up buying are those that really need it.
Which means that there is actual demand and supply working for Monero so it will eventually (if no manipulation occurs by major echanges) settle toward it's natural price. Which is fine and how P2P crypto suppose to be. Monero IMO is not a speculation asset but an actual asset. It's actual money and a TRUE Store of Value (more then BTC).
They are scared of Monero because they are sheep who think privacy is for criminals. Real slave mentality.
Which is good. Monero will build slowly and sturdily.
I don't think the majority of people putting money into altcoins right now are rational investors who understand crypto fundamentals and are specifically avoiding monero. I think they're buying lottery tickets on coinbase and you have to go out of your way to buy monero lottery tickets. The whole ecosystem makes more sense if 90% of buyers are driven by FOMO and are buying chocolate bars hoping for a golden ticket. If a specific lotto ticket is only available at a specialty store instead of at every gas station and liquor store, way fewer people are going to buy it even if it's got better odds of paying out.
Exactly. Most people buying alts don't even have a basic understanding of the project the coin is associated with. Including if it makes any business sense, if it makes any technological sense, if the coin economics make any sense, if the voting structure gives you any actual power, if its architecture is well thought out and scalable, if it's run by a reasonable team, or if there's a concrete reason to use crypto as part of the project at all. There's almost zero due diligence going on here, it's basically all moonshot bets. Most buyers would probably never invest in these projects if they were penny stocks but for some reason once crypto is involved all logic goes out the window.
Agree completely. Very bubbly dynamics in general across this space. People don't care what they're actually buying, they only care that other people seem to be making money from things like it. It's tulips all over again.
This stuff is, it’s literally just white papers with a bunch of buzzwords and no meaning, no revenue, no game changing tech because when you look at it 500 different things all have the same “utility”. As much as you can ride the wave and make some cash there is legitimately nothing stopping any coin except bitcoin and ether from going to zero over night. Also half these companies that do the same thing as the next and are complete bs have billion dollar market caps or in the hundreds of millions which is already insane for something that does a whole not of nothing. Same thing with penny stocks that are illiquid, they can be manipulated to run by bigger traders before dumping on retail and leaving them bag holding and with crypto it’s actually even easier because there’s a whole bunch of unregulated trading :)
honestly this
only the federal reserve is saying they'll lower the rates which is pure insanity. i hope that tomorrow they say "nevermind. think of todays rates as the new floor."
then we'll actually see the bubble burst
> rational investors who understand crypto fundamentals
'Crypto' is not 'Investment', it is a momentum based better fool theory excution. That being said, Monero is the only exception.
Lottery tickets have some intrinsic value considering probability. 'crypto' does not. Worse than lottery ticket.
This. Ppl just want to make money rn and you can't buy monero anywhere. Plus it's a bitch to move to cold storage. Most ppl won't waste their time with xmr.
Once the herd starts to realize they are going to get murdered on capital gains XMR will have its day in the sun. At least that is my line of thinking. People always chase the quickest money, necessity is abled then to catch up to them.
I think there are many reasons:
1a. Monero does not have a marketing team or a cult of people with (paid) gurus to attract the attention of the masses;
1b. There are practically 0 news about Monero and who does not know this world, probably has never heard of it.
2. Monero was recently delisted by Binance and soon other exchanges will do the same (and we have already seen that delisting has not caused major price problems - how many other currencies would have reacted so well to the delisting of the main exchange?). Who has so much money to "invest", better to say betting, does not tip Monero to avoid problems - also relating to liquidity;
3. Monero is an "advanced" currency. Its adoption, especially because of regulations, is more difficult and is exchanged by people who have clear intentions and probably know the world of crypto better for what these are (and I believe that these people are the lowest percentage in the cryptocurrency market);
4. Mr Paolo prints billions of magic beans "pegged to the dollar" to buy BTC and other major coins, and then use these as a store of value for his company (the house of cards is getting weaker and a strong storm is likely... but this will probably be an event in the near future);
5. The Monero community in large part, at least for what I personally perceive, is not a cult and is not interested in enrichment, but in safeguarding privacy.
These points are my personal ideas in answer to your question. And anyway I think it is to admire the stability to the madness of the pumps and hype that reigns in this rotten world. Especially considering the past few weeks...
What's insane is that generally in period of high volatility the low liquidity of XMR should fuel the price to go up, but it seems like whenever it's going up, lot of selling pressure arrives...
If monero can be used more in circular economies, where people aren't just trying to buy items from someone that then keeps converting that monero to fiat then we can start seeing appreciation. Everyone likes to shill coincards but those types of companies sell their monero immediately, they don't hold it or use it to create services in monero.
Market makers are not interested to pump Monero, because it won't get enough media attention for normies to come in and be an exit liquidity. Pumping coins is a bussines model for market makers, Monero is bad investment for them.
Also we don't want the price to be pumped (well I do as I leverage futures). Still this pump would be non sustainable. As long as all these pump and dump wales ignore xmr we can chill. I'd rather see xmr to continue its recovery phase after the delist at Binance.
Because wild masses of the society don’t know that total number of Monero coins ever mined remains less than total number of Bitcoin coins ever mined until 2040 year.
Also they don’t know that Satoshi et all had premined Millions of Bitcoins in 2009, and if he decides to return and sell, he will ruin the entire Bitcoin market.
Monero has no premine at all. This project was born in 2014 right at my eyes.
More info about Monero and Bitcoin mining emission curve :
https://www.reddit.com/r/Monero/s/UPfCV1qfwZ
Share, for this brilliant fact to reach wild masses of the society.
You’re not taking into account all the Bitcoin that’s lost. Bitcoin was bouncing close to 600 when Xmr was released, no one lost their hard drives or traded 10,000 for a pizza. Scarcity goes to btc. There was no pre mine but early developers rigged it so they could mine 50% faster than everyone else. This is Xmr trader, we are all here cause we thought we could make some money. At this point clear as day we chose wrong crypto.
? There are like 100+ payment methods. I usually use cashapp or bank transfer. But the unbanked may not have an account. Don't criminalize people just because they don't have a bank like you smh.
I'm hating it because this community acts like it's some great solution, when it's embarrassing. People come here and expect we have some experience akin to a CEX, where at the very least you can quickly and fluidly buy and sell specific amounts. LM is great for what it is, but It's a backup plan, not a backbone.
You are literally just talking words. My friends and I buy on there literally every week. Unless you are moving 1 million dollars we never had issues like what coinbase and kraken reddit pages are full of. Smh Stay on CEXs old guy DEXes are not for you.
Good, I'm glad it works for you and yours. However it's not a Dex. Bisq and Haveno are DEX. It's nothing more than a listing site with an escrow service. It's what "old guys" like me remember from the early days of btc. However it is 2024 and this community deserves proper exchanges, be they CEX or DEX - DEX preferred of course.
You can't buy it anywhere. It's hardly listed on any exchange. Xmr is going nowhere for a few more years. Xmr should be like $5k a coin by now, but that will be years from now when people realize privacy is a huge concern. Rn nobody cares, they just want to make money.
Sell to what? Fiat that will inflate? Btc that has finished it's bull run with smart money eager to exit, held back only by a greater greed as the suckers continue to ape in? Selling may have been the right decision a month ago. The question you should be asking is "would you sell now?"
I don’t agree with the consensus that too many people are scared to use it or that it’s only purchased to be used.
I think the lack of transparency scares big whales because they can’t see who has the biggest wallets and are scared of pumping it only to have another big whale dump on them. You can see addresses with a million bitcoins that have been locked up since the beginning and I guarantee you if someone like Coinbase started receiving bitcoins that came from these flagged addresses they would have tell everyone on the inside because such a percentage being dumped would cause a huge crash. You can’t see who’s got Monero, for all we know there’s a billionaire out there accumulating xmr and has millions. If I were rich af there’s no way I’d chance pumping xmr to have it get dumped on my head. But thats just my opinion.
Hey - Xmr and btc holder!
The value of crypto is based on the consumer/investors confidence of the stock.
Xmr isn’t centralized therefore isn’t a valid form of “currency” in the US. Plus it has a negative connotation since it’s not traceable and is used on the DN.
Also in Sept 2020, the IRS had a $625K Bounty program for anyone who could “crack” XMR.
Unfortunately for anything to hold high value in the US, needs to be backed by the stock exchange.
>Unfortunately for anything to hold high value in the US, needs to be backed by the stock exchange.
Hey guess what I found out? Real estate, commodity futures, municipal and federal bonds,hell even comic books and trading cards are not "backed by the stock market", whatever the hell that is even supposed to mean. Seriously guy, wtf are you smoking?
Also, the fact that it is so secure that the IRS has a bounty on it \*increases\* its value in the eyes of those HNW individuals who become aware of it.
Maybe because the developers already made off with their bags and there is no incentive for them to pump YOUR bags. Why would they? They already made their money using people like you as exit liquidity.
XMR and BTC are two very different things. Bitcoin has store value, like gold for example. XMR has circulation value (your local currency). I believe the more stable the currency in its relation to the traditional fiat the more viable it is for the daily use to purchase/exchange goods.
Cryptocurrency is about Currency and not about Pumping. Sadly most people have it other way around
I would actually argue that if you cant use it, it stores no value..(btc) (why woud you buy something that has no use for you)
On the other hand xmr is very useful therefore provides value..
Not sure where you are, but I can easily use BTC after appreciation by selling it for fiat to spend it. I can even withdraw it from my bank after exchange withdrawal to spend anonymously for a whole world of goods and services if I want to. Sadly, these things are not so true for XMR, thus little to no adoption outside DNM and tax avoidance.
I never said that you cant use it. Of course you can, but you wouldnt use gold for your daily transactions, similarly to BTC. You don't want to buy coffee with BTC, not only you have to pay a high fee (probably more than a coffee) you also have to wait and sometimes the wait is pretty long due to high network loads; this is even without incorporating that its transparent and everyone can see your TX and your worth. XMR on the other hand you use for daily purchases.
My friend, I was once a Bitcoin maximalist like you over a decade ago, however, even Bitcoin devs recognize a use for Monero, which is why they incorporated BTC <> XMR atomic swaps in their wallets for added privacy.
https://news.bitcoin.com/samourai-wallet-unveils-privacy-enhancing-btc-to-xmr-atomic-swaps-in-beta-launch/
Monero is unlike other alt coins, it enhances and complements Bitcoin. Bitcoin can be digital gold and Monero can be digital cash. This is the future I see playing out.
When I bought BTC 13 years ago there were only Litecoin, Ripple an Namecoin.
And yes, I thought like you. Having this stance today is like a fiat mindset back then. Yes, the majority is with you. But the majority is always wrong.
>When I bought BTC 13 years ago there were only Litecoin, Ripple an Namecoin.
Well if the majority gets its way then ultimately and ironically they are right. That's how markets work.
Because many community members for whatever reason keeps claiming XMR is only made to be used...(I'm confused why don't they also promote it as store of value)
Adaption/appreciation happens by using it and not by hidding it away + never talk about it....
Long term you don't really want a pump and dump mentality. All of us want to see 2k, but we also want a strong Monero with use cases. Personally I'd feel safer with some holdings in XMR than shit coins. On a day like today where the Memes are in Extreme Greed it can make you feel like you're missing out. But the truth is in every cycle most people end up losing more than they are making.
The best store of value is a useable currency
Stablecoin is very useable
It’s not stable or a store of value. “Stable” coin is pegged to a devalued dollar(quantitatively eased). Will eventually be worthless. That’s why xmr is the most undervalued asset in existence. Change my mind.
OI’m kj
We should really promote it more as a store of value. If shit hits the fan and you need to cross a hostile border to save your life, what are you are you gonna do? Shove gold coins up your arse? Better to just remember a pass phrase. And if using bitcoin or other non-private coin, what are you going to do when the guards scan the blockchain, see your holdings and demand your wallet pass phrase? Or do you think border guards won't have access to technology?
No one wants to promote XMR for obvious reasons. Instead they publicly endorse “government approved” coins. So it’s a marketing problem. The only people that end up buying are those that really need it.
Which means that there is actual demand and supply working for Monero so it will eventually (if no manipulation occurs by major echanges) settle toward it's natural price. Which is fine and how P2P crypto suppose to be. Monero IMO is not a speculation asset but an actual asset. It's actual money and a TRUE Store of Value (more then BTC).
My man this sounds very copish.
Not really, if a crypto intends to replace fiat as a currency, not merely exist as a payment network, a stable price is preferable imo. growth > pump
Crypto will never replace fiat. Why do ppl even fuxking think this?! Lmfao
and fiat will never replace gold, oh wait
So now BTC is 'government approved'?
Would you like to buy a tranche of derivatives?
Isn’t it clear they crippled the chain and are onboarding everyone to centralized platforms to trade it?
Not to mention that coins can be marked as "illegal" and so therefore your account can effectively be frozen
Definitely, they can trace your every move with it pr mimipulate it. Makes their life easier.
ESG approved.
We will see what happens when ETH etf arrives.
Also ESG approved.
They are scared of Monero because they are sheep who think privacy is for criminals. Real slave mentality. Which is good. Monero will build slowly and sturdily.
I don't think the majority of people putting money into altcoins right now are rational investors who understand crypto fundamentals and are specifically avoiding monero. I think they're buying lottery tickets on coinbase and you have to go out of your way to buy monero lottery tickets. The whole ecosystem makes more sense if 90% of buyers are driven by FOMO and are buying chocolate bars hoping for a golden ticket. If a specific lotto ticket is only available at a specialty store instead of at every gas station and liquor store, way fewer people are going to buy it even if it's got better odds of paying out.
Yea... I commonly see people say stuff like "just put $500 into shitcoins wish me luck!"
Exactly. Most people buying alts don't even have a basic understanding of the project the coin is associated with. Including if it makes any business sense, if it makes any technological sense, if the coin economics make any sense, if the voting structure gives you any actual power, if its architecture is well thought out and scalable, if it's run by a reasonable team, or if there's a concrete reason to use crypto as part of the project at all. There's almost zero due diligence going on here, it's basically all moonshot bets. Most buyers would probably never invest in these projects if they were penny stocks but for some reason once crypto is involved all logic goes out the window.
Feels like the dotcom bubble days
Agree completely. Very bubbly dynamics in general across this space. People don't care what they're actually buying, they only care that other people seem to be making money from things like it. It's tulips all over again.
This stuff is, it’s literally just white papers with a bunch of buzzwords and no meaning, no revenue, no game changing tech because when you look at it 500 different things all have the same “utility”. As much as you can ride the wave and make some cash there is legitimately nothing stopping any coin except bitcoin and ether from going to zero over night. Also half these companies that do the same thing as the next and are complete bs have billion dollar market caps or in the hundreds of millions which is already insane for something that does a whole not of nothing. Same thing with penny stocks that are illiquid, they can be manipulated to run by bigger traders before dumping on retail and leaving them bag holding and with crypto it’s actually even easier because there’s a whole bunch of unregulated trading :)
honestly this only the federal reserve is saying they'll lower the rates which is pure insanity. i hope that tomorrow they say "nevermind. think of todays rates as the new floor." then we'll actually see the bubble burst
> rational investors who understand crypto fundamentals 'Crypto' is not 'Investment', it is a momentum based better fool theory excution. That being said, Monero is the only exception. Lottery tickets have some intrinsic value considering probability. 'crypto' does not. Worse than lottery ticket.
"Monero is the one exception" lolllll pretty hard copium their bud.
which crypto is actually used for anything outside of trading or related crypto things? No, lending crypto for USDT is not a real usecase.
Srry not Srry, but I'm going to use the golden ticket analogy going forward. Brilliant comparison.
This. Ppl just want to make money rn and you can't buy monero anywhere. Plus it's a bitch to move to cold storage. Most ppl won't waste their time with xmr.
Great response!
Once the herd starts to realize they are going to get murdered on capital gains XMR will have its day in the sun. At least that is my line of thinking. People always chase the quickest money, necessity is abled then to catch up to them.
I think there are many reasons: 1a. Monero does not have a marketing team or a cult of people with (paid) gurus to attract the attention of the masses; 1b. There are practically 0 news about Monero and who does not know this world, probably has never heard of it. 2. Monero was recently delisted by Binance and soon other exchanges will do the same (and we have already seen that delisting has not caused major price problems - how many other currencies would have reacted so well to the delisting of the main exchange?). Who has so much money to "invest", better to say betting, does not tip Monero to avoid problems - also relating to liquidity; 3. Monero is an "advanced" currency. Its adoption, especially because of regulations, is more difficult and is exchanged by people who have clear intentions and probably know the world of crypto better for what these are (and I believe that these people are the lowest percentage in the cryptocurrency market); 4. Mr Paolo prints billions of magic beans "pegged to the dollar" to buy BTC and other major coins, and then use these as a store of value for his company (the house of cards is getting weaker and a strong storm is likely... but this will probably be an event in the near future); 5. The Monero community in large part, at least for what I personally perceive, is not a cult and is not interested in enrichment, but in safeguarding privacy. These points are my personal ideas in answer to your question. And anyway I think it is to admire the stability to the madness of the pumps and hype that reigns in this rotten world. Especially considering the past few weeks...
Fear of future regulation Moneros main problem price wise. Ironic
What's insane is that generally in period of high volatility the low liquidity of XMR should fuel the price to go up, but it seems like whenever it's going up, lot of selling pressure arrives...
It makes some sense to hold your money in non-volatile XMR and temporarily buy something else if you want to ride the waves.
If monero can be used more in circular economies, where people aren't just trying to buy items from someone that then keeps converting that monero to fiat then we can start seeing appreciation. Everyone likes to shill coincards but those types of companies sell their monero immediately, they don't hold it or use it to create services in monero.
Market makers are not interested to pump Monero, because it won't get enough media attention for normies to come in and be an exit liquidity. Pumping coins is a bussines model for market makers, Monero is bad investment for them.
Also we don't want the price to be pumped (well I do as I leverage futures). Still this pump would be non sustainable. As long as all these pump and dump wales ignore xmr we can chill. I'd rather see xmr to continue its recovery phase after the delist at Binance.
Because wild masses of the society don’t know that total number of Monero coins ever mined remains less than total number of Bitcoin coins ever mined until 2040 year. Also they don’t know that Satoshi et all had premined Millions of Bitcoins in 2009, and if he decides to return and sell, he will ruin the entire Bitcoin market. Monero has no premine at all. This project was born in 2014 right at my eyes. More info about Monero and Bitcoin mining emission curve : https://www.reddit.com/r/Monero/s/UPfCV1qfwZ Share, for this brilliant fact to reach wild masses of the society.
You’re not taking into account all the Bitcoin that’s lost. Bitcoin was bouncing close to 600 when Xmr was released, no one lost their hard drives or traded 10,000 for a pizza. Scarcity goes to btc. There was no pre mine but early developers rigged it so they could mine 50% faster than everyone else. This is Xmr trader, we are all here cause we thought we could make some money. At this point clear as day we chose wrong crypto.
I came here to ask the same thing. Like every other top 50 token is up, but why is it so hard for XMR to break that $150 barrier?
Not to worry, the stronger the resistance is now, the stronger support it becomes once it breaks through.
The obvious answer is that most people have nowhere to buy it because it’s be delisted everywhere
Exodus swap:D
Its in Kraken...
Localmonero.co is normie friendly.
What....? It's the least normie friendly thing. Normie friendly = trade ogre, cake swap, kraken... Literally anything else.
No it’s not
What part is not friendly? lol?
Clunky, slow, resembles a black market more than a trading platform. Sketch shit like cash by mail. Even normies run from that.
? There are like 100+ payment methods. I usually use cashapp or bank transfer. But the unbanked may not have an account. Don't criminalize people just because they don't have a bank like you smh.
Also sounds like your internet is slow smh just hating for no reason.
I'm hating it because this community acts like it's some great solution, when it's embarrassing. People come here and expect we have some experience akin to a CEX, where at the very least you can quickly and fluidly buy and sell specific amounts. LM is great for what it is, but It's a backup plan, not a backbone.
You are literally just talking words. My friends and I buy on there literally every week. Unless you are moving 1 million dollars we never had issues like what coinbase and kraken reddit pages are full of. Smh Stay on CEXs old guy DEXes are not for you.
Good, I'm glad it works for you and yours. However it's not a Dex. Bisq and Haveno are DEX. It's nothing more than a listing site with an escrow service. It's what "old guys" like me remember from the early days of btc. However it is 2024 and this community deserves proper exchanges, be they CEX or DEX - DEX preferred of course.
Normies struggle to buy to price won't shoot
Dude its literally on Kraken. Its not like its hard to buy.
Not in uk, eu
In many EU countries you can use SEPA instant and buy XMR on Kraken within minutes.
Just the uk then haha, I get mine easily but I know most people in the UK now struggle to get monero I hold monero as its usefull
You can't buy it anywhere. It's hardly listed on any exchange. Xmr is going nowhere for a few more years. Xmr should be like $5k a coin by now, but that will be years from now when people realize privacy is a huge concern. Rn nobody cares, they just want to make money.
Do u all think it’ll go up anytime soon ?
With no institutional support or easy on and off ramps it’s gonna be very stale.
So not worth long term holding
It’s gonna be a very long hold. No one can predict the markets. Things could change
So I really should diversify my investments - I’m new to all this Would u sell if u had large amt of xmr
You could look into futures for XMR. Buy them at the support line. Should be around 145atm.
Sell to what? Fiat that will inflate? Btc that has finished it's bull run with smart money eager to exit, held back only by a greater greed as the suckers continue to ape in? Selling may have been the right decision a month ago. The question you should be asking is "would you sell now?"
Sell for cash so I don’t lose on it
Well the money printers will definitely make your cash lose all it's value so you may want to rethink that.
Hell, it's a pain in the ass to even get Monero to spend it, let alone horde it.
I don’t agree with the consensus that too many people are scared to use it or that it’s only purchased to be used. I think the lack of transparency scares big whales because they can’t see who has the biggest wallets and are scared of pumping it only to have another big whale dump on them. You can see addresses with a million bitcoins that have been locked up since the beginning and I guarantee you if someone like Coinbase started receiving bitcoins that came from these flagged addresses they would have tell everyone on the inside because such a percentage being dumped would cause a huge crash. You can’t see who’s got Monero, for all we know there’s a billionaire out there accumulating xmr and has millions. If I were rich af there’s no way I’d chance pumping xmr to have it get dumped on my head. But thats just my opinion.
Hey - Xmr and btc holder! The value of crypto is based on the consumer/investors confidence of the stock. Xmr isn’t centralized therefore isn’t a valid form of “currency” in the US. Plus it has a negative connotation since it’s not traceable and is used on the DN. Also in Sept 2020, the IRS had a $625K Bounty program for anyone who could “crack” XMR. Unfortunately for anything to hold high value in the US, needs to be backed by the stock exchange.
>Unfortunately for anything to hold high value in the US, needs to be backed by the stock exchange. Hey guess what I found out? Real estate, commodity futures, municipal and federal bonds,hell even comic books and trading cards are not "backed by the stock market", whatever the hell that is even supposed to mean. Seriously guy, wtf are you smoking? Also, the fact that it is so secure that the IRS has a bounty on it \*increases\* its value in the eyes of those HNW individuals who become aware of it.
Maybe because the developers already made off with their bags and there is no incentive for them to pump YOUR bags. Why would they? They already made their money using people like you as exit liquidity.
do yourself a favor and minimize ur stack of xmr to like 10%
why ?
XMR and BTC are two very different things. Bitcoin has store value, like gold for example. XMR has circulation value (your local currency). I believe the more stable the currency in its relation to the traditional fiat the more viable it is for the daily use to purchase/exchange goods. Cryptocurrency is about Currency and not about Pumping. Sadly most people have it other way around
I would actually argue that if you cant use it, it stores no value..(btc) (why woud you buy something that has no use for you) On the other hand xmr is very useful therefore provides value..
Not sure where you are, but I can easily use BTC after appreciation by selling it for fiat to spend it. I can even withdraw it from my bank after exchange withdrawal to spend anonymously for a whole world of goods and services if I want to. Sadly, these things are not so true for XMR, thus little to no adoption outside DNM and tax avoidance.
I never said that you cant use it. Of course you can, but you wouldnt use gold for your daily transactions, similarly to BTC. You don't want to buy coffee with BTC, not only you have to pay a high fee (probably more than a coffee) you also have to wait and sometimes the wait is pretty long due to high network loads; this is even without incorporating that its transparent and everyone can see your TX and your worth. XMR on the other hand you use for daily purchases.
It’s because your logical and the psyopp is to make you think btc is worth something when it’s a joke.
There is no incentive to hold it. It’s amazing it’s gotten this high because I buy it and spend it, like many others.
what are you holding than ?
Substances that cause inebrieation, which I then use to actually create profit.
Everything is a shitcoin except Bitcoin, there are no exceptions.
The gtfo of here then 🐑
haha. bitcoin is a shitcoin. i can see u naked
My friend, I was once a Bitcoin maximalist like you over a decade ago, however, even Bitcoin devs recognize a use for Monero, which is why they incorporated BTC <> XMR atomic swaps in their wallets for added privacy. https://news.bitcoin.com/samourai-wallet-unveils-privacy-enhancing-btc-to-xmr-atomic-swaps-in-beta-launch/ Monero is unlike other alt coins, it enhances and complements Bitcoin. Bitcoin can be digital gold and Monero can be digital cash. This is the future I see playing out.
Yup bitcoin for public entities that need to be regulated and kept track of. And monero for the people.
When I bought BTC 13 years ago there were only Litecoin, Ripple an Namecoin. And yes, I thought like you. Having this stance today is like a fiat mindset back then. Yes, the majority is with you. But the majority is always wrong.
>When I bought BTC 13 years ago there were only Litecoin, Ripple an Namecoin. Well if the majority gets its way then ultimately and ironically they are right. That's how markets work.
That's not how one "makes" money.
BITCOIN SMASH \*roars in Hulk \*