/biz/ - Business & Finance

>272
WTFWT OOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

INSANE GAINS EDIITON

POOMPA
*BANG BANG*
POOMPA
*BANG BANG*
POOMPA
*BANG BANG*

WTF WAS THAT

OOOOOOOOOOAAAAAAAAAAAAAAHHHHHHHHHOOOOOOOOOOOOOOOOOAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

THERE'S A BULLFLAG ON THE 1 MINUTE

how does an idiot like me with no crypto experience buy a couple of moneros right now?

>didn't buy
p-please dump a lil

>>28991145
OH NO IT JUST WENT DOWN A DOLLAR EVERYBODY SELL

Im gonna donate to spice

>>28991143
>WHERE TO GET MONERO?
>>KYC:
>Binance
>Kraken
>Bitfinex
>>Non KYC:
>Local Monero
>Bisq
>Kucoin
>Tradeogre
>Crypto ATMs
>see: kycnot.me

Are we going through the same bull run that happened in 2017-2018?

Where are we at, guys?

I was making a post about
>0.005 accepted
seems outdated now...

>>28990724
monero the only coin i held forever that did next to nothing while i heald it but i sill love the fundamentals. sad thing im poor and need to make money.

>>28991753
The second peak of the rise in 2017 June

>>28991753
you tell me anon

>>28991753
Track it in sats not USD; it won't even be near ATH until it's 0.0322 BTC/XMR (~$1600 per XMR)

oof here we go again
300 EOD? and insta dumped just for the lulz

Hello sirs

I did it boys, I bought my first XMR. Waiting for hardware wallet to arrive. Is there a way of setting up auto fiat deposits on Binance?

>>28991960
is that a good thing or a bad thing? I still don't understand valuation against BTC

WHAT THE FUCK
WAS THAT

>>28992333
Don't disclose your amount. Government can see your IP and link it to your wallet.

>>28990724
1k sell wall gone in sec yum yum

>>28992333
most bank have scheduled transfers

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>28992753
Well I did blur out most of it. Can they trace it once I send it to my hardware wallet?

EVERY TIME I CHECK IT IT'S UP ANOTHER PERCENT

>>28990724
$275

>>28992898
You better get used to it

>>28992842
They could have your IP on 4chan. So they know who you are and can link it to your person.

Sure XMR is untraceable and private but you still gave them this datapoint. You could say you lost your wallet but still. Better don't do it anymore.

wheeww. get comfy moneroCHADS. we will shoot through ATH SOON.

>>28993046
Will do. Thanks based fren.

>>28992913
Damn and just as i posted this... bogged again

>get 1k inheritence from grandpa
>wanted to buy 10 monero
>bank doesnt let me open a bank account cause they are lazy niggers cause rona
>monero price doubles
>why live

>>28993199
To be fair it's like buying bitcoin at $300. Still a steal.

>>28993346
You don't know the future but I sure as shit hope it's true

>>28992518
It’s a good thing if you’re looking to buy in because it means it’s still very undervalued

275
>275
275
>275

I can literally see the future

>>28993494
I'm pretty sure XMR is going to reach at least its own previous ATH this bullrun.

>price dropped
SELL SELL SELL
BUY BUY BUY

POMP UP THE JAM
POMP IT UP
WHILE YOUR FEET ARE SOMPIN
AND THE JAM IS POMPIN
LOOK AHEAD: THE CROWD IS JOMPIN

>>28993507
Great thanks that's very good news.

>>28993494
it is
XMR stands for what people think BTC is

>>28990724
I love her

Consider diversifying into XHV. It has the same privacy as monero but with a built-in ability to create xUSD- a stablecoin pegged to the dollar that you can spend like cash

>>28994137
Will do Paneer

>>28994137
I have not heard of neither of these, nor have seen them on any exchanges. People can say they're peggred to the USD or whatever, but they are worthless if there's no demand.

>Consider
nop

>>28993494
I've been on this rodeo for the last three bull markets anon. Let me tell you something, XMR is end game. It's what BTC was supposed to be.

>>28994337
/thread
Let's start a new one

>>28994137
>comes to a thread about a specific coin to shill his garbage
fucking embarrassing lad, truly
if you're going to shill, at least shill with some dignity

NOOOOOO FUCKING MONEROCHAN WHY ARE YOU PUMPING NOW I STILL HAVEN'T BOUGHT ENOUGH

I wonder what other cryptocurrency was used for darknet markets. Something that people thought was anonymous but wasn't really. Could you anons help jog my memory? What was it called again?

>>28994588
honeypotcoin (formerly known as bitcoin)

>>28994588
Something with a B... hmmmm

>>28994588
Some sort of shitcoin that normies love if I'm not mistaken

>>28994588
I believe Elon Musk of Tesla had it on his Twitter profile briefly, and then removed it.

If you want to see Bitcoin cringe: https://twitter.com/100trillionUSD

>>28994859
You can also see this if you search up any shitcoin as a hashtag i.e #dogecoin, youi'll see literal indians tweeting every 30 minutes about how they want it to go to the nearest cent.

>>28994337
this

can it stop mooning i wanna buy

>>28994965
But if you look up Monero nearly all tweets are at least a few days old, and none of them comes from a Pajeet

>>28995092
>can it stop mooning i wanna buy
reminder that three threads ago anons were QQing about it being at 230. Just buy

>>28995124

>>28995137
kek true. well it will dump once i buy so get ready

>>28994859
>https://twitter.com/100trillionUSD
oh god it's just as I imagined it. They got into it early and then started telling everyone "we're about to get in". What a scam

>$270
I told you to STOP
Go back to $130

>>28995468
please shut up and buy. It's only gonna get more expensive

>>28995555
Quints have spoken

>>28995676
Or should I say quads of 5's

>>28995555
quads make it the truth

>>28990724
so i have a hypothetical question.

If i have an unknown amount of XMR in cake wallet and exchanged it to DAI on my kraken account and sent that DAI back to my cake wallet. do I pay taxes?

The exchange uses morphtoken but i cant imagine anyone knowing the XMR was owned by me right?

>>28990724
i tried telling my girlfriend about monero and the privacy features such as ringCT and she just kept saying stuff like:
>huh???? whats that anon?? you mean like bitcoin?? i dont understand bitcoin it's too complicated
so i messaged her 'fuck you' and then blocked her on every social media. fucking stupid bitch

>>28995894
who cares what your girlfriend thinks, just fuck her and find peace

>>28995215
>He bought?

>>28996065
yes, he bought.

>>28995890
Switch it to a local wallet and no one will even know you own XMR.

If you're smart when cashing out you only cash out a certain amount and only pay taxes on that.

Let's say you cash out 1 XMR for $3000 next month. Then you will have to pay taxes over the $3000 because the government doesn't know you secretly have 100 XMR

Hey monero chads: we have a biz xmr telegram! We don’t drop the link too often, but because we are pumping we figure this is a great time.
Join for some comfy vibes and Monero discussion!
T (dot) me/joinchat/VdvqnZ0MXYphlMr8

>>28996402
Seriously? Scamming people already? Means we're really pumping huh.

>>28995894

Based. What a bitch

>>28996346
>Let's say you cash out 1 XMR for $3000 next month.
Based example

>>28995555
get! xmr

>>28995894
Inconceivably based.

>>28995555
5555 EOM

>>28995894
Have some common decency and treat her right. She's a woman it's not her job to make sense of the world.

The xmr community and feel really is reminiscent of wat btc was like back in 2011. Before all the greedy moneychangers came in

>>28996952
lame. buy xmr.

>>28996952
It's a copypasta

>BTC and alts dump
>everyone loads up on monero trying to exit the market without paying exorbitant fees and taxes
bearchads rise up

Fomo got to me, had to pick up a little... I don’t want this thing to take off without me. Happy I’ve been mining for over a year, but may start to move my mining of eth payouts directly over to Binance eth wallet for trading for XMR - thing is, would you see which one doing more over the future. At least with eth I can deposit to blockfi for 5% return..

>>28997167
>btc at ATH

>>28996990
I was but a boy back then, shitposting my way through /b/ and I even went so far as to set up a Bitcoin wallet in early 2012 and *try* to mine on my busted ass old laptop, I don’t think I got more than a dollar out of it before I lost interest because >young. I know what you mean, it really does feel eerily similar.

>>28994137
Got it. Thanks Rajesh.

>>28996497
>a telegram group link is a scam
look we are happy to have reddit tourists like you come to the /xmr/ general, but kindly go kill yourself. This telegram has several of the OGs who have been making these generals over the past year. You don't have to join. We bury the link in random generals so we don't get overwhelmed with stupid pajeets or newfags.

Mostlikey a retarded question

have an undisclosed amount of XMR.
want to make good gains without spending because bit of a poorfag atm so ive been margin lending at a good rate.

When i do decide to pull the rug and put it on the hardware is it pointless due to the transactions ive been doing?

>>28997167
>>everyone loads up on monero trying to exit the market without paying exorbitant fees and taxes
they would be realizing all their gains doing that since crypto to crypto is a taxable event

>>28997607
>been margin lending at a good rate.
That's a scam your shit is gone.

Bamp

>>28997708
pls don't remind me of my utterly fucked and incomprehensible transaction history :(
I am gonna have a lot of fun with the taxpeople

Finally crabbing. Now I can relax

>>28996346
>cash out one xmr for 3k
based

How do I get my XRP of kraken if I cannot sell it off kraken

>>28999164
why can't you sell it on kraken?

>>28999051

>>28999051
This. Comfy.

I wanted to buy more. I would be okay with a 90% drop right now.

>Bought my very first [undisclosed quantity] yesterday @ $215

I feel a weird sense of grief DESU. I bought a couple thousand worth before it really exploded. Like I should have started accumulating last year.

I've noticed the number "18.7" is thrown around a lot when talking about the optimal minimum amount of XMR to buy. This has something to do with tail emissions, but I don't understand how the two connect. Could somebody explain this to me? Or if you don't feel like explaining it to a retard, could you link resources explaining it?

So I've been doing my research. Wouldn't Monero being integrated with Tor be a massive step for this project?
Have the devs said anything recently on making the implementation of it any better? If so, that's a pretty nice feature and hell, I'd get Monero just for that use.

>>28999578
tail emission starts at 18.7 million circulating supply, so that's one millionth of the supply at that point.

>>28996346
I think there is miscommunication. I am not saying cash out of monero. but swap it to DAI (stable coin) so I can reinvest in dips.

From what i understand. Kraken tells feds I was given X amount of DAI by someone and then i send that same amount back. So isnt this a 0 tax event? Sorry if im being retarded.

The exchange of XMR to DAI isnt happening on Kraken but cakewallet's exchange feature. i dont think cakewallet really has anything related to my identity on it, does it?

I can just send max. 0,1xmr from kraken to my wallet wtf is this shit

>>28999745
So 18.7 XMR is just arbitrarily chosen because it adds up to a nice one millionth of the supply? Why does that matter?

>>28999869
Probably need KYC to send more

>>28999656
you can use Tor with the gui/cli.
IP addresses are also protected by dandelion ++. You can read about that here: https://www.monerooutreach.org/stories/dandelion.html
>>28999915
Because we believe Monero will grow in value, and having one millionth of the supply is a realistic goal (right now..) for most anons who have a job.

>>28990724
threadly reminder that eczema is not long for this world and it will soon be regulated out of existence or into relative obscurity

>>29000322
How big is your stack

>>28999915
It's the 21 bitcoin club, but for monero. Only a million people can own 21 bitcoins, but there are almost 50 million millionaires in the world. But btc will be a dead chain by the time it gets to even 99% coins mined since tx fees will be extremely high because block rewards will be so small. Hence why tail emission is a good thing and people who try to fud by saying xmr has unlimited supply are legitimately retarded. Also people lose coins all the time so the inflation rate is actually lower, and asymptotically approaches 0% anyway.

How legit is this? Could I just buy litecoin from any source and then convert? I'm tired of losing large % on BTC -> XMR.

>>29000778
>Could I just buy litecoin from any source and then convert?
yep

>>29000778
Using LTC as an on-road works only if you have a fiat to LTC pair available and an LTC to XMR pair available, if you’ve got both of those it’s the best option.

>>28999776
How's the rate on Cake? Changenow and others are usually wayyy lower than current rate. I want to exchange some XMR to DAI so I can send it to Coinbase and cashout, since I can't do USDC.

>>28997199
Sucks heh bought the top!! Sorry bout that guys but at least the price can drop now.

>>29001368
You're fine anon. We have a lot of room to grow still.

>>29001036
its pretty big ngl to dai. its low if you convert to ltc and then to dai but i figured that was going to create a tax event. if crypto corrects so will ltc so i didnt try it. not sure if i can hold ltc anywhere anonymously

im not sure if i created a tax even converting xmr from cakewallet to kraken

>>28999869
Just send 0.1 daily

I tethered at 140 to buy the crash and fomod back at 225

I learned my lesson but also i really want to sell the top so i can buy back sub $150

>>29001699
You think we get there?

>>29001699
You'll be able to buy in at 150$ no problem, you'll get a good 0.5 XMR for that money.

>>29000907
Help me understand real quick. By pair do you mean method? A hypothetical route would be something like crypto ATM -> LTC -> transfer site like simpleswap -> XMR. What would the pairs be here?

>>29001699
Stop trying to time the market did you learn nothing from 2017?

>>28996402
Telegram sucks so I will keep here in the generals but thanks.

>>28997607
>ive been margin lending at a good rate.
I truly believe it's all a scam/ponzi. Just make sure you get off this shit before it comes all down. When that's gonna be? Who knows...

>>28998569
That's why I don't trade. I have zero interest in selling my monero or bitcoin -- ever. It's either plebs accept crypto or I will die with these bags.

>>29001921
LTC/FIAT on the ATM
LTC/XMR on whatever instant swap exchange thing you use.

>>29001842
>>29001757
Come on...
If btc crashes after testing 60k it will bring down the entire market.

Xmr isnt fully decoupled. It will crash too.

If xmr doesnt crash with the whole market it would be a statement and it will immediately pump $1000+ and then correct hard.

>>29002109
Most of the growth to $170 was organic based on customers buying shit off of dark web so that is the new floor at least.

>>29001921
I meant trading pairs on an exchange, but if you’re doing an ATM route that’s even better.

>>29001699
>timing the market
kek thanks for your moneros, cuck

>>29002066
In 2017 i held a shit coin from $2k all the way to $30k and watched it go to $0 in slow notion.

Like a deer in headlights.

I need to take bold calculated risks if i want to make it.

The monero train will be picking up tons of speed by august and my starting capital is $1000

My goal is to have 50xmr before the end of the year.

Anyways thats my blog

>>29002564
May have to DCA through the bear market but 50 is still attainable even for the average Joe, given enough time and dedication.

>>29002564
You're more likely to lose out and have even fewer XMR than if you just held.

Also what is your "picking up tons of speed by august" argument?

>>29000698
I fall shy of 18.7, but putting it like that really puts it into perspective, and makes me feel good.

Trying to buy on Kucoin with e-transfer (Canadian). Anyone else have this issue? How long did you have to wait?

so >18.7 gets you into the citadel, what does >187 get you?

>>29003129
Anyone who owns 18.7 XMR is going to make it.

>>29003198
A government raid ;)

>>29003295
OMG! JUST LIKE IN THE MOVIES? >.<

>>29002817
The hype for the atomic swaps will be building up for Q4. It will be a huge pump presumably.

And it will be shortly followed around may with another huge pump after we reach the tail emission phase.

>>29002762
I can only $1-$1.5k in monthly.
I need one good flip to have a chance.

Every $50 increase males it significantly harder to fill my bags.

I think my plan will be to pull out my xmr around $285. I think $300 will coincide with btc testing $60k

>>29003264
50 is make it in seven years
100 is make it in three years

>>29003372
If the btc ratio completely crabs, XMR will be 312$ by a 60k btc. So even with a slight appreciation we'll break 300 a lot earlier

I don't know why everyone here thinks the tail emmission phase is going to change a lot. Nothing is going to change. The block rewards continuously get smaller until it reaches 0.6 XMR per block and it will stay there. We call that point the tail emmission.

Why would it pump by reaching that?

>>29003469
Okay, so how high will xmr be before btc pops?

I didnt pay attention to xmr in 2017, but I've heard people say that xmr was slower to react than the other alts

>>29003606
XMR was the last thing to pump and then it all crashed.

>>29003539
Because miners will know the .6 reward will only get more and more expensive.

In a few years btc miners will be facing the opposite problem. It's a ticking time bomb if the dont fork

>>29003761
>Because miners will know the .6 reward will only get more and more expensive.
What? You mean they realize the 0.6 reward will be worth more and more in USD valuation? How would that pump the price of XMR though. Those miners won't buy XMR because the blocks are at 0.6xmr perpetually.

I guess I can kinda see that once 0.6XMR is proven to be profitable with mining it guarantees that XMR will be around forever.

>>29003962
Maybe some one smarter can explain it.

>>29003688
fug green id and dubs pls don’t b true

>>29003962
You saw what happened after bitcoin halvings right? The inflation goes down which pumps up the price, partly because of economics, partly because it looks good.

>>29003962
it's a psychological thing. Similar to how there are post halving pumps. It means there will only ever be 0.6 XMR in each block, which creates buying pressure from individuals who believe Monero will become more scarce as the demand for privacy will continue to increase.

>>29003539
Because block reward will be worth less than it is now, making 1XMR more expensive to mine because you’re using the same amount of fiat to purchase the same amount of electricity to obtain less Monero. For some people it will just be easier to purchase it until a certain price point, at which time they’ll go back to mining it.

Same idea with BTC halving just better implemented and not a “future me will deal with this” situation. Block reward will never be 0, like with BTC.

>>28994137
I hope your ashamed of yourself. You'd make your own threads if they didn't die right away because nobody gives a shit about this garbage scam coin code fork. Get fucked ranjeet

>>29002103
Defi is the biggest scam in crypto right now, tokens having no real value is bad enough, but now lending if those tokens. Like who the fuck is using enough of these to make lending something any network needs, I can't wait to see that shit and it's garbage sky high fee backbone crumble to the ground

>>29002564
Don't aim at eoy values, look to gain as much as you can before tail emissions kick in, that's when shits gonna go crazy
You've got until sometime in March 2022, get as much as you can before then

>>29003198
An [unknown amount of XMR] is what will get you to the citadel

>>29003962
Miners make a living based on how much they mine, then subtract the energy cost from that. When xmr hits 0.6 the price will need to be greater than energy costs, what I think this will result in is less miners selling right away and less market flooding of new coins, then supply and demands takes it from there

>>29004861
>2 tax returns before tail emission if you file early enough
>T-minus 59 weeks
>let’s assume you can only buy $50 a week
>59x50=2950
>plus tax returns

You can still make it if you start today, right now. You can start with 0 XMR today and still make it, do not miss out AGAIN.

>>29004717
Glad someone else is saying it. Whenever Michael Burry or someone says crypto is a bubble I think about the defi ponzi house of cards and how much it all resembles the state of traditional banks today. Whole thing is like a Shakespearean comedy.

I'm going to play the doomer in this post and suggest the possibility that the market is underestimating the amount of monero that certain actors within the community have. The monero emission early in its life was extremely high, and we know that many of the core developers and other members of the community were miners back then, making many of them possibly multi-millionaires. There could be very long term pressure in the market forcing the price below what is "fair". Bitcoin doesn't have this because we all know satoshi coins are most definitely lost and we can see it.

>>29005206
What do you consider making it?

At $10k xmr, monero would have to have half the current mcap of ethereum.

Lets assume crypto overall grows, so we can be lenjent and say top 4 coin.

$10k per xmr of it gets in the top 4

$500k is sort of making it, but really you want 100xmr.

The 18.7 people say definitely not a make it stack, but still can be $200k

Please critique my portfolio fellow XMR enthusiasts.

I'm thinking of selling off some ETH and Nano but I'm not sure what I should put it into. I'm not sure if I want to go over 50% in any one coin, even if it's my favorite by a mile.

>>29005206
This is what normies don't understand, making money is easy as fuck if you plan, all these retards hoping to put in one purchase and be set for life, treat this shit like a savings account and you'll be set in just a few years of DCA
>>29005914
I just don't see the value reddit thinks defi adds, crypto is best at one thing, and that's permission less trustless storage and movement of a digital asset, why does it need all this bullshit bolted on top, like do eth fanboys think that Ethereum is suddenly better that all this garbage runs on their platform. I want crypto that has a very solid use case and sticks to that, which is why I'm 90% in monero, it looks to do a thing, and does that thing with flying colours.

>>29005978
I've been thinking about this too.
There are still too many huge whales.

>>29006078
Get rid of the top left and put it in GRT

>>29005978
Possible but wasn’t that a big problem with the original bitmonero or whatever it was that monero forked from?

I found an exploit in XMR and have been printing coins for the last 3yrs. I've made 100's of millions and no one can even see I'm doing it. Keep holding my yet to be created bags from thin air guys.

>>29006078
put 100 dollars into nimiq just incase it does a moon mission

>>29006001
reddit spacing christ.
The point is not to end up with millions of deprecating sheckles, its to store your money in a system that fundementally opposes the bullshit inflation the world leaders force upon us. Stop punching numbers into your calculator and start stacking. Theres a very high likelihood that xmr will end up being a 5-6 figure asset in the next 10-20 years.

>>29006263
i thought i was the only one

Guys, I have a bunch of monero on some Chinese exchange and their wallet has been down for a few days so I can’t send to my local wallet. Should I just chill and give it week?

>>29005978
>>29006216
>>29006234
bitcoins value isn't influenced by satoshies lost coins, nobody really cares about that, were his coins to have been circulating this whole time things would only end up slightly differently.
Its true that many of the early miners likely hold a large amount, but its also very likely that the reason we have been seeing price suppression is because those coins have been free floating in the market, all this does it slow the speed of price increase and better distributes all the coins in the end. And those early miners know what they have in their hand, they wont just dump them all on the market all at once, they will use them to fuel the rest of there lives by selling coins slowly over a long period of time. End of day its a non-issue.

>>29006078
sell your nano, its a reddit shitcoin, also keeping eth for anything other than as gas for transactions is dumb, its seen good movment this run but long term its just too inflated to hold this kind of value. Based XMR ratio tho, also fuck off with that XHV shit its a pajeet scam coin

>>29006872

What would you put that money into?

>>29006872
Why does everyone hate nano? I never used it but I looked into it and it had a fair distribution and is really fast no? I own like $200 worth cause I was curious.

Is this where I Launder my money?

>>29007302

I don't get the hate either. The only real flaws I see are it's not private (same as pretty much everything except XMR) and it requires volunteers to run nodes since there's no direct financial incentive.

Am I unaware of some other major cons?

>>29007302
>it had a fair distribution
kek

>>28990963
unerrated sir. seen in few threads nao, always good chuckle. for somereason makes me think finding nemo. sharkbait oh haha

I downloaded the MyMonero local wallet. I entered my passphrase to restore my wallet (that is still up and perfectly fine on another machine).

The MyMonero wallet shows a tiny fraction of what my other wallet shows. Is it only scanning part of the blockchain? Wtf?

>>28995555
oh fuck checked. but we all already knew this.

>>29006473
Kek this needs to be how we fud our bags to keep prices down

>>29007799
Was that not true, or you prefer premined scams? If u are in a monero thread then I assume no. Nano lacks privacy but its better than btc other than power required to 51% attack right?

>>28995894
larping bastard. its ok though, we will all find a woman one day.

>>28996402
telegram is curry.

>>28997167
could you please explain to me bobo meme? is it just people who think were over due for major correction? or fudders who just think everythin is going to 0

>>28997397
im trying to remember 2011-2012, was degenerate, memory is foggy. all i know is i was playing vidya and dranksmokealot. wish i wasnt a dumbass and was paying attention back then. but i prolly still wouldnt have invested in btc because it was so fledgling. hindsight is not 20/20

>>29008424
bobo is to piss off newfags by laughing at them when dumpenings happen

>>28998569
so crypto is taxed as property, and IF BIG FKING IF you arnt trading on a CEX, just hodling, then there is a negligable amount of anythign to report. my understanding is most CEX report direct to IRS is your trade gains exceed 20k. so if you dont trade on CEX and just buy and move off to private wallet, then there is really nothing worth reporting. especially if you arnt cashing out, why bother. its like reporting to IRS that you sold your MTG cards for a net gain, or reporting the gain or loss from selling a used car on craigslist, i mean who the fuck does that? NOONE. noone fking does. crypto is US is PROPERTY, PRIVATE FKING PROPERTY

>>29006078
Sold my nano a couple of days ago and bought xmr. Very happy to get rid of that shit coin finally.

>>28999392
same. got into crypto again late last year, looking at charts, if i had been paying attention at the start of the year, could have gotten XMR under like 40 bucks. fml. started accumulating after the delisting that ddropped the price close to $50. been DCA ever since, im comfy. still a little remorseful, but comfy af.

>>28999578
basically 1/1000000 of the supply. i believe it would be the equivalent of holding 21 BTC today, as 21 is 1/1000000 of the supply of BTC. so if XMR goes to fking mars in a few years, it would be nice to atleast have 18.7 xmr. imagine right now if you had 21 BTC.

>>29006693
>bitcoins value isn't influenced by satoshies lost coins, nobody really cares about that
conservative estimates say that satoshi has 800,000 coins. That's a good chunk of the total supply so in the end you know there's increased scarcity. Monero doesn't share the same positive scenario.

>>29008008
your blockchain might not be fully downloaded

>>28999745
>>28999745
there is only 17.8m currently in circ supply, so if you had 17.8 total, youd have atleast 1/millionth of the supply. would you be inn a good place financially if you had 21 BTC? smae thing.

>>29008200
>>29000000
>>29999999

>>29009151
whats the simple explanation of how fiat finances wars? is it because they basically print money to pay for it?

>>29001699
checked but stop fking swinging you degen. if you want to gamble, gamble on literal curry tokens. XMR is for your future.

I downloaded the gui wallet and I just realized I installed it under onedrive/documents. Is that a security risk?

>>28993046
Convince me you're not a completely paranoid jew....

>>29009252
>>28999999

>>29002109
the market will move with BTC because its pairing rules everything else, like it or not. xmr will correct with btc, but it will hold firm around 200 because its growth has been organic. fud only feeds her. noone is publically investing big bucks into XMR yet, so there is no media headline to point to for its price action north. although i will say, its movement probably has a bit to do with newfags finding the general and fomoing in. nothing wrong with it long term but still, wish it was slower growth.

>>29009424
lol
Microsoft owns your monero now
if you check the details of cloud services, anything you save in the cloud essentially becomes the company's property

>>29009626
Jokes on them I don't have any monero.
So I should just reinstall somewhere else then?

>>29002564
il be honest with you bros, i started with shitcoins. i gambled i made some gains. tripled my initial accross a few coins, and then got fudded hard by random threads, got shook, and bought 100% into XMR. all im saying is, you can achieve 50. im a poorfag fking up at life ingeneral, but i learned. i read, i watched, i lurked. i have 50+. i know i shouldnt disclose, but i just wanna emphasize, poor fags can reach these goals. cut out bad habits, be frugal, just so u can atleast hit that comfy goal. we are early. we are gonna make it. stay strong bros.

is 18.7 the #makeit stack? Asking for an undisclosed friend

>>29003372
by ur standards il make it in 7 but i wanna make it in 3. T_T curse myself being a fking moron and not learning about this all sooner.

>>29003606
what constitutes btc popping? its about 9k away from doing a 3x since nov.

>>29003606
also, saved. sides in orbit.

>>29003688
LET IT CRASH IM PREPARED FOR YEARS TO MOON. LET US LITTLE PEOPLE ACCUMULATE MORE DURING BOBOS REIGN.

>>29004174
SUPPLY GOES DOWN, DEMAND GOES UP, PRICE GOES UP. i believe thats entirely basic econ.

>>29006078
99% xmr or gtfo.

>>28993064
boobs too big

>>29006001
so just imageine, if you had 21 BTC. would you be happy? being a millionsaire? now imagin if XMR reaches current BTC prices in a few years, would you wish you have 1/1millionth of the supply at 18.7 XMR? i bet you would.

>>29006506
what chinese exchange>? i use hotbit. are they down rn? im poorfag so cant afford to buy rn, will be buying soon as i buy thru hotbit.

>>29007302
"volunteers"

>>29007304
>>29007304
um, yes?>>29008661

>>29008661
meh ok. i think the newfag hate is kinda dumb. though i understand whating to increase your positions, but at the expense of innocents? its just sad.

>>29007302
the team is literally a bunch of hardcore commie sjw

>>29011125
Hello, I am a top-buying 2017fag, I got JUSTED harder than I ever thought possible, I deserved every bit of it, I was buying shit like XRP and ETH classic because I literally didn’t know what the fuck I was doing. Most people wash out of crypto their first time and have to take time to let the pain heal before they try again, with a better education on the space and what NOT to do. Thank god I was poor as fuck and only lost a few grand worth of DCA, people who first get into it with their $50k life savings are utterly fucked unless they just hold blue chip coins and don’t expect too much.

Feel no pity.

>>29004909

Been curious about XMR for a while as a way to supplement my silver as part of the "Fuck the system" part of my portfolio. I take it that I should wait for a correction. Also what exchange should I use? IIRC Monero is still somewhat niche and not seen everywhere.

>>29012089
https://changenow.io has low transaction fees and is non-custodial

>>29012049
KEK

I think this looks alright as usage and backup plan.
By using the extended seed option offered by the CLI and Electrum I can use the same seed for multiple wallets by just adding a custom passphrase.

Which OGs still got photos of monero nig

>>29010857
wallet maintenance is on Okex

>>29011992
this is fair.

>>29013390
you can use the same seed for different wallets? so my cake wallet could have the same seed as my monero cli or exodus?... or does that mean something else.

I've been thinking about my security a lot recently. right now i'm using a pw manager (keepassxc) to store all my passwords and seeds. then i have different hot wallets on my pc. the keepass database file is backed up and i have it on multiple usb drives / computers. So the only password i really need to remember in my mind is the password to my keepass manager. I should probably put the file in the cloud as well though.

Aside from adding a cold wallet in the mix, is my setup fine? I guess i could add paper seeds but would need to hide it well enough.

>>29013390
>usb with linux
it sounds like a good idea but really its not, making a usb drive secure enough to properly secure funds is really fucking hard and then adding a full os on top, your just asking to have your money taken from you. Get a hardware wallet, then you can use monero without worrying about all the bs

>>29014485
>you can use the same seed for different wallets?
It's the same wallet, but you can restore it in different devices. My hot wallet is a Cake Wallet on my phone but I also open it on my desktop using Feather.
The only way you can use the "same" seed would be if you're actually extending it with your own custom words (only available on CLI during wallet creation). Then it will open something completely different -- make sure to never backup the passphrase and your wallet is completely safe unless you have memory loss.
looks like you got your shit in order. Everyone's case is different but I feel too many noobs out there don't understand the importance of having a solid backup and security plan.

>>29014503
Why is it not safe? Just need to have everything inside an encrypted partition on the persistent storage. If you're running Tails why this wouldn't be enough? Even if someone got possession of the USB it's virtually impossible to crack a VeraCrypt encrypted partition.

>>29014503
Do you need internet to move XMR off of a desktop wallet onto a hardware wallet?

>>29014503
Also, for my specific use case portability is extremely desirable. USB sticks can be easily cloned and left in different places like my home, office, parents place, etc. I can even leave a .img of the USB stick on the cloud and restore my "bank" in any situation, anywhere, without needing any specific device.
Hardware wallets are nice, but you're more or less dependent on the device -- if you end up needing to access your money while you're traveling in another country you will need to find a way to put your hands on another hardware wallet to be able to restore your seed on it.

>>29014973
Yes. You need to sign and broadcast (on the internet) the transaction that sends your XMR from desktop wallet address to hardware wallet address.

>>29014704
whats the purpose of even having a cold storage, is it just to limit surface area in case someone got into your cake wallet for example? then they would only be able to steal those funds but not all the coins you have in savings in your cold wallet?

I guess i'd be worried that if i get hacked in one wallet i also got hacked elsewhere but it's reasonable to assume that you might get hacked only in one place and that's all they can get access to. but if someone gets access to your cold wallet seed then you are super fucked, that's what worried me the most in any scenario.

>>29015056
why not just back up the seed in an encrypted file and store that in multiple places? seems easier to maintain than having a full os. you could have a separate "cold wallet" that is just a separate wallet and that's all

>>29015089
>whats the purpose of even having a cold storage
The wallet on my phone is only for day to day transactions, to teach people about it, etc. It doesn't store all of my coins. It's akin to the wallet you pack with you.
The cold storage/wallet is more like a bank account or a vault. Somewhere safer, with less exposure to the internet, supposed to be away for a long time.

>then they would only be able to steal those funds but not all the coins you have in savings in your cold wallet?
even if they have the seed for your cake wallet, let's say:
banana survey car tiger
the seed for your cold storage would be:
banana survey car tiger <custom_word_1> <custom_word_2> that are stored exclusively in your brain. You can only restore a extended seed on the CLI as far as I know.

>>29015201
>why not just back up the seed in an encrypted file and store that in multiple places?
That works too. You can in theory even just backup the wallet files as they are encrypted too. There are many alternatives. It's very easy to install a Live Linux on a USB stick. I just like having the convenience of having a "vault" of sorts. I literally leave my will inside in case something happens lmao

>>29015333
what is an extended seed? i usually just a see a seed generated with a new wallet and write it down

thanks man! the live usb stick is a cool idea

>>29015478
>what is an extended seed?
some wallets like the CLI for monero and Electrum for bitcoin offer the possibility of extending the mnemonic seed with your own custom words.
this is not something most wallets offer, but I think it's a very neat thing to use to improve your opsec... so you can have the a seed like:

vinegar cunning shackles nodes psychic wolf

and another like

vinegar cunning shackles nodes psychic wolf pokemon red is the best of all pokemons

and they open different wallets.
even if the beginning of the seed is the same, the custom words work like a password that only you know. this means that the access to your could storage is not written anywhere in the world and is impossible to hack.

>>29007302
Read this thread
https://archive.is/qhnEs

>>29012089
>I take it that I should wait for a correction
Too late for that, friend. XMR is going to be 5k in the next year or two. It's not worth gambling on a 20% correction. By all means go for dips if you already have a stack but at this point if you don't have any XMR you better just get some asap.

>>28990724
holy fuck, the general is still alive

Comfiest hold in crypto.

>>28995555
Lord have mercy. Anon knows.

>>28990724
upgrade your monero to 0xMonero

>>29018954
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stop trying to steal from people by lying to them about the capabilities of the project
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504
another recent beatdown >>/biz/thread/S28670476

>>29019104
It's more of a meme/copypasta if anything, do people actually consider buying that shit?

Has anyone calculated the price Monero would have to be if even 1% of black market transactions in the world used it as a medium of exchange?

>>29019551
Nice. Can't wait to have my billion dollar coin.

>>29009911
Yea, and get a hardware wallet to store the actual xmr>>29009918

>>28990724
I'm such a nigger for missing this, o well BNB did me right anyways but this anime bitch is lusty and I must buy monero

>>29013390
Why use a USB key when you just need a steel tablet with the seed etched? Unless you mean storing the keys for use, in which case you should use a hardware wallet which are infinitely more secure.

>>29014704
>>29014973
>>29015056
You can have multiple hardware wallets with the same seed allowing you to store the same wallet in many places. End of day, there's no operating system 100% secure, and every time your PC with the wallet touches the internet your at risk of theft. Hardware wallets fix this by having the keys never leave the secure element on the device, all tx signing occurs within the secure element and cannot be seen by the network, look up PSBT's, hardware wallets essentially do just that with only the secure element inside ever seeing the keys. Operating systems just have far too much surface areas for attack, no matter how hard you try you'll never be able to create an internet connected os with the same degree of security as a dedicated device/processor.

>>29019471
>do people actually consider buying that shit?
i think some people don't know how to evaluate a project on its technical merits
so yes, some people could be fooled
not only are the scammers trying to profit by lying
they are also possibly putting people at risk by suggesting that 0xmonero has privacy superior to monero
when in actuality 0xmonero has no privacy whatsoever

>>29015089
If you made a mistake somewhere that compromises one wallet it's likely you've done the same on the others, you can clone the same seed to many hardware devices for redundancy, and store the master seed on metal in a very secure place, hell you can burry it if it's made of metal. Internet connected devices have just too much surface area to be fully trusted with your savings

>>29015056
>Hardware wallets are nice, but you're more or less dependent on the device -- if you end up needing to access your money while you're traveling in another country you will need to find a way to put your hands on another hardware wallet to be able to restore your seed on it.
This is a brainlet take. You either need to always carry a secure computing environment with you, at which point just use a fucking hardware wallet since that's what they are, or you have to expose your keys to pozzed machines.

>>29020148
Keep up the good work, never know if you saved someone's fortune.

>>29020091
I just bought a clean 300 dollar laptop and installed linux on it for storing cryptos. Made a backup of the keys. And done.

I hold some paper wallets in keepass portable, which I then encrypted with 7zip and Veracrypt, on places like Google Drive, OneDrive and such. The passwords are only in my head. The keyfiles elsewhere.

>>29007302
Nano is fast, feeless and green with a superd UI - thats it. It's also transparant, centralized (75% of all voting power is hold by 15 entities, 50% of all voting power is held by only 6 entities), there's no incentive to run nodes and to top it of it's fully PoS based.
So in a nutshell it is just like paypal, but without the adoption. Good luck succeeding without having any benefits.
It gets hate because by it's believers praise it as "the next crypto" while in reality it's barely crypto at all. It deceives newcommers and pulls their capital away from "true crypto", ie. PoW based, decentralized networks. Heck, even BCH is better than nano.

>>29020486
And then I have hot wallets for usage and cold storage wallets.

>>29014704
hey bro can you break down a quit process about securing your funds on a liveboot wallet with i.e tails or linux? I'm confused about that part, you would download your XMR wallet on the partitioned storage and hold it there, is that what you mean?

>monero becomes popular
>everyone can send insant anonymous money
>taxing humans becomes impossible
>states fall and disappear forever

I am not in this coin for the money, it's more like an evolutionary step for humans.

PROVE ME WRONG

I feel irrationally paranoid about using hardware wallets (I know how dumb this sounds)

lol they still are tring to shill this trash on /biz/
stfu and delete your 4chan acc
so ridiculous to check how you try to scam people
I’m not a retard who believes in this shit, I use Bot Ocean for profitable trading with unique strategies

>>29020636
taximg humans becomes harder, but taxing coporations is just as easy as ever.

>>29020506
>50% of all voting power is held by only 6 entities
Actually it's controlled by 4 entities, as Binance spreads its over 2 or 3 delegates. Besides that devs and friends have millions of Nanos from the initial "distribution". Devs also know, maybe even allowed, about the Bitgrail hack and these stolen funds are still being dumped nowadays (with millions more waiting to dump).

>>29020985
There is no reason for individuals to do their taxes anyway. When you can just tax their income at their employer. And VAT at the store.

>>29020636
and also niggers die out. love this coin so much bros

>>29020659
shut up pajeet

>>29019551
The size of the estimated US black market is 2.2 trillion which would put XMR at about 1000/coin only 1% entered. The global black market is harder to gauge, but it's been estimated to be at least 10 trillion, which again assuming a 1% adoption would mean $5000/XMR.
And if XMR took the same sort of dominance in the underground economy as BTC does in the crypto space, it'd be a $300,000/XMR value in current dollars.

>>29021803
And of course that's assuming every single XMR is being circulated to dilute that value. Realistically it'd be closer to $2k/$7k/$500k at those numbers.

>>29021313
>There is no reason for individuals to do their taxes anyway.
I could come up with a few edge cases, eg. if you rent out part of your home privately (without being a coporation), but you still have a net profit. Or if you import stuff personally and have to pay import tax & vat.
I'm not saying that all taxes are bad, but the current highly intransparent system that basically requires your own personal accountant is just madness.

>>29020636
Before the invention of the internet everyone used cash and gold to buy stuff. 100% anon currencies. Governments still taxed the shit out of everyone. Before the invention of paper currency the "government" (Feudal overlords) would just steal a % of your production (Grain or whatever else you produced). Taxes are never going away. They'll just change in nature. Instead of taxing money directly they'll just tax the shit you spent it on or something else.

>>29021193
you're right https://nanocharts.info/
it has quickly changed from the last time that I looked a few days ago.
It's just a shitshow

literally sounds like a shill, fucking pajeet scum

> are you thinking we are full bastards here?
>I bought bot ocean tokens and wait for full platform for dex trading launch

smart boi knows what tools to use for best trading

>>29021803
>>29021930
I feel like it's impossible to gauge the price of Monero according to the amount of actual money used. Speculation needs to be taken into account, since surely the amount of speculative money poured into it will also rise exponentially. I mean, we got cryptos with market caps in the tens of billions and there is literally no one in the world using them for anything.

>>29022054

Anon before the internet the states were way WAY smaller because taxing was harder.

This coin will make them shrink a fuckton, that was the purpose all the way.

Is it normal that I can only withdraw like 0.02 XMR from Kraken? WTH is this shit?

>>29021803
I think a 1 trillion market cap is very possible for the next years. Monero is even superior to cash for black market transactions, as it can't be counterfeited.

>>29013390
>usb with linux
thats incredibly cumbersome. if you want a cold wallet but refuse to use paper like this just get a ledger. your seed won’t move beyond that usb cord and you can easily set up and manage your wallet without it going hot.
for hot wallets, backing up your seed in a password manager will do, which also allows for immediate restoration should your phone or app shit the bed

>>29014485
i love password managers, but unless you built your own os, theres no way of knowing if your key inputs were logged when writing, or pasting the wallet seeds into the password manager. i do this personally for my hot wallet for convenience and accessibility >>29022407 but i would strongly recommend purchasing a hardware wallet to keep 90-95% of your funds in. also if you havent already, you should write down your master password somewhere, since that is your point of failure

>>29022022
Here in the Netherlands renting out property isnt taxed. But you pay X amount of taxes over the value of the property, which you have to earn back by renting it out.

>>29007302
nano is based. I hold it too. and XMR too. both are based and good. i tried many coins, seen nothing faster than nano yet

>>29022407
Cold storage should be cumbersome. Ledgers are for having more secure hot wallets.

>>29015056
the point of a hardware wallet isn’t to be dependent on the device, but to readily and easily transact with your savings wallet without making it hot or exposing sensitive information to a potentially compromised machine (pc running windows 10)
like every other wallet you’re dependent on memorization of your wallet seed - this is done with paper backups provided with the device. the device is only used to shield and use that private seed to verify and sign transactions without exposing it.

I

DIDN'T

ACCUMULATED

YET

FUCKKKKKKKKKKKKKKKKKKKKKKKKKKK


REDDIT SPACING

>>29022535
Nano is a scamcoin, don't shill it in a Monero thread.

Xmr vs.nano? I'm a crypto newfag.

>>29022833
it isn't and it mooned me.

>>29022535
>seen nothing faster than nano
Try fiat, since centralization is not an issue for you

>>29022619
ledger isnt a hot wallet. you understand how scrutinized that piece of hareware is?
im not trying to devalue an airgapped computer running tails, but combined with the inconvenience factor, you’re using hardware that has not been audited to anywhere near the same level as these hardware wallets. god help you if its connected to the internet. theres too much going on that you don’t have control over

>>29022858
XMR is private, Nano is not. Nano is extremely not private, with each "account" having its own blockchain.

>>29022329
lol, for real? If this is true short may not be able to cover and kraken has to limit rate of withdrawl
truely a clown world we live in

>>29005206
would you do this 100% xmr or diversify the portfolio though?

when dj billybool releases his new album monero will be 1k usd

>>29022943
kek brainlet.

>>28994588
Bitcoin Cash wasn't it?

>>29023048
Uh, yeah, it's real.

To be honest I'm just on a Starter account. That might be why. I've submitted a support ticket but common. 0.02 is only going to be like 50 bucks next week. They don't have to be this paranoid.

God, I hate KYC exchanges.

>>29023151

>1k

That's a FUD

>>29023339
>To be honest I'm just on a Starter account
That's most likely the reason. Never had any problems with withdrawing, but can not verify rn as I don't keep any crypto on exchanges, ever

>>29005978
No, the massive tail emission early is exactly what makes Monero so valuable. Imagine that you're bribing an official. He has to account for his monero to be able to spend them.
>where did you get these monero anon? We don't have any record of you buying them and your position is extremely sensitive
>yeah, i mined 100 monero back in 2014 and forgot about them.

>>29005978
I did some research mainly looking at

https://docs.google.com/spreadsheets/d/1qXi7zUSIh7F6UuSuhOryyFbHEy_LJuym3I3neAga_2s/edit?pli=1#gid=239466694

And it's not as bad as you think. In the first year of BTC 15% of total supply was mined. For XMR it was 30% of tail emission rates or 15% for a 100 years date.

Block rewards for BTC at the start 50 BTC (And only halving every ~4 years)
Block rewards for XMR at the start 17.6 XMR (and immediately declining)

Also Monero was released during the 2014 bull run and I clearly remember people already started mining it publicly on 4chan back then which means it's not as centralized as you think it wasn't like Bitcoin where you basically had a couple hundred or couple thousand of dudes mining the first 3 years.

I still have some questions about why you people think tail emissions point reached will result in a pump because your logic isn't sound.

However I will wait until next thread to go deeper into it. The main arguement is that there won't be a drop in mining reward like with halvenings since XMR has a constant drop in rewards anyway so we'll just see a gradual drop from now until may 2022 which won't result in a sudden pump when we reach that point.

i like you guys most of you seem smart, what are your other suggestions for coins, i like xmr, xrp and algo schizo stack

>>29023754
I don't think it'll pump, the smooth curve was designed to make the exchange rate more stable.

>>29023874
>xmr
good

>xrp
centralized shitcoin even worse than nano

>algo
maybe ok, didn't do much research

gambling on a few shitcoins is ok, bu you're a fool if you have a majority of your savings in them

>>29023874
If you're considering XRP as an equal investment to XMR then you deserve to go all-in on XRP

>>29023448
I don't, either. I just got on Kraken because I could only buy shitcoins on Coinbase. Well, at least I could turn my BTC and fiat into XMR so I'm not going to be salty.

>>29023874
I only have shallow knowledge on all things blockchain but Cardano and IOTA seem to be projects that have A LOT going for them.

Cardano is basically said to be to ETH like XMR is to BTC. Kind of the same ideas, but technically sound. In fact, since BTC is at least usable while ETH is a shitcoin I'd say Cardano has a brighter future than XMR.

IOTA enables machine to machine economy. There's no question that that's going to be huuuge given the rise of IoT. The question is just when.

>>29023874
Only other alt I’m familiar with is LBRY. Coincidentally, another one of the few crypto projects actually being used for something.

Send me your best monero chan pictures!

>>29024827
I personally am very wary of crypto services because the US/EU/Chinese government can label it as a security instead of commodity or currency and it'll mean they would have to pay taxes and register official business permits to be allowed to exist.

Also the upsides to specific niche usecases is obviously a lot lower than generalized issues like useable money.

>>29024980
jannies don't like titties
based thread is still going brothers

>>29025017
>they
LBRY doesn’t host anything other than their frontend iirc (lbry.tv & odysee). It’s akin to a BitTorrent protocol with a youtube / traditional soc. media front end webpage & desktop app (unhosted)

The shitcoins being posted here are gimmicks that nobody asked for