/biz/ - Business & Finance

>>26062759
>monero could be reduced to a niche investment in a relatively large asset class. Crypto is growing but the open markets for privacy tokens is shrinking. hate to say it but it's the truth. suterusu, however, makes ID tracking hard while not being labelled the same as the others

Actually, exactly the opposite is being projected by seasoned fintech/crypto analysts. Privacy is expected to be crypto's killer app over the next decade.

https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A

>>26055305
Dollar Cost Averaging will save you.
Observe image.

>>26049759
Makes kikes absolutely rageful. Save this image. XMR is Bitcoin 2. Fully untraceable, so goddamn private that some exchanges cucked and removed it because it makes governments MAD.

>>26046749
people in this thread have mentioned that what ever threads have actually back and forth discussion and not just shilling and cult like positivity are ones to work out, and the threads that have the beast memes. meme magic is real, its a crystalization of hype which is what makes the world go round.

theres also this pic floating around what ever its worth.

>>26028048
>On and off-ramps will all be removed soon

Doesn't matter, atomic swaps.


>Monero will fail because it is too powerful, that is why druggies and scummies use it.

They use Monero because it works. And if it works for those lowlifes it'll also work for the higher-ups scumbags with billions in assets.


>Which gov or company will support that shit? None.

To thrive, Monero doesn't need to appeal to governments or industry, it just needs keep being useful to moneyed offshore and underworld elements, as is explained by fintech analysts.


>If you need to do shady transaction one would just exchange BTC to Monero on a dex, do their thing and exchange back without hodling in Monero.

Why hold BTC if there exists a non-zero chance it might end up on a govt blacklist? Why hold BTC if the balance is open to public view?

>>26001092
15-18k conservatively.

>>25985710

This one?

>>25942619
Seems a lot of people are still wary of buying in due to potential regulatory concerns. But with atomic swaps on the way these concerns become irrelevant once you understand that even if Monero is outlawed and delisted from all exchanges it'll still be as easy to acquire as Bitcoin.

In any case, XMR is steadily increasing its marketshare in the darknet and blackhat sectors and is projected to eventually hit 5 figure value due to the anticipated influxes of offshore/black money assets over the next decade.

If you're willing to buy a decent stack and just sit on it for a few years, absolutely.

>>25932712
I don't think you realize how fucked up the Biden administration is gonna be.

>>25929106
>I have 1.5 XMR, is there a price prediction by 2025? The only one I found by google says that it would be around 200 bucks, not very bullish

Satis Group, a cryptech analysis firm from NYC, expects that the anticipated influx of offshore/black money assets into XMR will eventually push it to 5 figures.

>>25887236
>So that means no institutional money. No normie money. Even if it somehow survives, How the fuck will you cash out to fiat?

If you read the detailed Satis Group crypto analysis it is specifically stated that most of Monero's future growth will come not from institutional money but from offshore/black money assets. And this will happen because as the premier privacy coin it provides the best possible means of transactional stealth.

So, when you consider that

A) Monero is already replacing Bitcoin on the darknet/blackhat realm

>Darknet Giant White House Market Drops Bitcoin, Supports Monero Payments Only
https://news.bitcoin.com/darknet-giant-white-house-market-drops-bitcoin-supports-monero-payments-only/

>Monero replaces Bitcoin for Sodinokibi Ransomware operators
https://www.cybersecurity-insiders.com/monero-replaces-bitcoin-for-sodinokibi-ransomware-operators/

AND that

B) Money laundering via crypto is already starting to become a thing

>Latin American crime cartels turn to cryptocurrencies for money laundering
https://www.reuters.com/article/mexico-bitcoin-insight-idUSKBN28I1KD

>Criminals laundered $2.8 billion in 2019 using crypto exchanges, finds a new analysis
https://www.technologyreview.com/2020/01/16/130843/cryptocurrency-money-laundering-exchanges/

it iss plainly obvious that HUNDREDS of billions of shady dollars are eventually going to end up in Monero's marketcap.

And that doesn't even count the superior mixing utility Monero will provide other coins as atomic swaps are expanded to other chains.

TL;DR: future demand for & usage of Monero is set to skyrocket and will eventually send it to Mars.

>>25883204
>is monero good? i'm hearing good things about monero.


>How is Monero’s privacy different from other coins?

Monero uses three different privacy technologies: ring signatures, ring confidential transactions (ringCT), and stealth addresses. These hide the sender, amount, and receiver in the transaction, respectively. All transactions on the network are private by mandate; there is no way to accidentally send a transparent transaction. This feature is exclusive to Monero. You do not need to trust anyone else with your privacy.

>How is Monero different from Bitcoin?

Monero is not based on Bitcoin. It is based on the CryptoNote protocol. Bitcoin is a completely transparent system, where people can see exactly how much money is being sent from one user to another. Monero hides this information to protect user privacy in all transactions. It also has a dynamic block size and dynamic fees, an ASIC-resistant proof of work (RandomX), and a Tail Emission, among several other changes.


>What is fungibility, and why is it important?

Fungibility is a simple property of money such that there are no differences between two amounts of the same value. If two people exchanged a 10 and two 5’s, then no one would lose out. However, let’s suppose that everyone knows the 10 was previously used in a ransomware attack. Is the other person still going to make the trade? Probably not, even if the person with the 10 has no connection with the ransomware. This is a problem, since the receiver of money needs to constantly check the money they are receiving to not end up with tainted coins. Monero is fungible, which means people do not need to go through this effort.

>>25827235
>give some hopium frens... EOY 2025 price?

Timelines are notoriously tricky, but

A) as long as Monero remains the premier privacy coin in function and by reputation and

B) the shadow economy continues and accelerates its entry into crypto

somewhere around the low 5 figures.

>>25801942
>Lol 500 is make it

XMR is projected to eventually hit 5 figures, so even just 50 should be enough.

Yes.

>>25738081
>The average person doesn’t give a shit about privacy and is fine with handing out all their information.

True. Except when they're buying drugs on the darknet, thats when they HAVE to use crypto....and guess which crypto is set to become the default on there?

>I think Monero’s succes is entirely based off money laundering and whether the top 1% will adopt it.

This is what professional crypto analysts think as well. Offshore/black money influxes. However, given that:

A) we're already seeing the forces of darkness moving into crypto....

>Criminals laundered $2.8 billion in 2019 using crypto exchanges, finds a new analysis
https://www.technologyreview.com/2020/01/16/130843/cryptocurrency-money-laundering-exchanges/

>Latin American crime cartels turn to cryptocurrencies for money laundering
https://www.reuters.com/article/mexico-bitcoin-insight-idUSKBN28I1KD

>Cali Drug Cartel Member Arrested for Crypto Money Laundering
https://decrypt.co/47740/cali-drug-cartel-member-arrested-crypto-money-laundering

and B) the trend of underworld elements moving away from BTC into XMR isn't letting up,

it is quite reasonable to assume Monero will eventually become the reserve cryptocurrency of the global shadow economy and thus gradually absorb HUNDREDS of billions of dollars (conservative estimate) into its marketcap.

So it really all comes down to how resilient Monero is to regulatory takedown - if it can go the distance it will end up on Mars.