/biz/ - Business & Finance

no need

that's its use case and makes it more useful than 99.99% of crypto

>>52427952

If you can't use X to buy drugs its useless.

>>52427952
To be fair, that's a huge market

>>52427952
>Prove me wrong
it's so good it worries you to the point you feel the need to post fud about it

>Monero is only good when used as an actual cryptocurrency and not a speculative asset

>Monero is only good for buying drugs and fraud

>>52427952
crypto can be a tool, not an "investment"
and monero is a great tool to commit fraud and fund illegal activity
the only bad thing about it is price volatility
t. criminal

>>52427952
It's the only crypto that isn't used for pure speculation. I.e, it is the only one that doesn't get its value because of a ponzi scheme.

>>52427952
Funny, that's exactly what people said about BTC for years

>>52427952
only double digit % of global gdp

>>52428360
>muh new bitcoin
Too bad Monero has been on the market since 2014 and is an OG altcoin that never pumped and is down 90% in sats

>>52428421
monero outperformed bitcoin ytd and has not underperformed by much overall. so, my bet is on monero

>>52428421

like clockwork

>>52428752
so you agree that Monero is a trash investment that got outperformed by everything?

>>52428665
>so, my bet is on monero

Betting on Monero = betting on black markets, cocaine & money laundering = comfiest bet.

>>52428799
>so you agree that Monero is a trash investment that got outperformed by everything?

No, I actually understand that the current market is highly irrational and that price action is thus a poor indicator of actual quality and future prospects.

Furthermore, I also understand that history has proven that sanity does eventually return to irrational markets and when that happens fundamentals trump hype.

Finally, I very clearly understand that as the darling of the darknet and the cornerstone of a growing digital transnational organized crime sector Monero stands to absorb potentially hundreds of billions of dirty dollars and will almost certainly justify its reputation as the comfiest hold in crypto.

TL;DR: buying & holding Monero is a no-brainer if you can read the writing on the wall i.e. developing trends.

>>52428236
This execpt the price volatility part, that makes basically 0 difference

>>52428098
/thread
makes it the only coin that isn't just a shell game

>>52428968
what if criminals only use monero as a currency and then move the money into bitcoin for long term savings/investing

kinda like how people buy drugs with dollars but the dollars lose value over time.

Monero is good for everything and so are other privacy solutions like Polygon ID. fuck you kid.

>>52428968
>has infinite supply and is constantly inflating
>buying this as an investment

>>52429178
>move the money into bitcoin for long term savings/investing

That's like having a nameless offshore bank account and moving its funds to Bank of America lol

>>52429282
>has infinite supply and is constantly inflating

You mean just like gold?

>>52427952
>Prove me wrong
>Cryptocurrency is only good for buying drugs and fraud

Therefore,

Monero is the best cryptocurrency

>>52428421
>I invest in a currency
Currency is to be used

Frankly I’m not convinced by Monero shills. As an investment goes all the people showing price action are fundamentally correct. Tech wise there’s tons of assets better as currencies, there are more versatile privacy options being developed (with lower market caps), and Monero’s use as currency means it will never have a lack of sell pressure. Criminals don’t use Monero because they value it as money, and they immediately sell it for USD or BTC after getting it. You can’t have a serious price pump long term with that kind of market, and with zero institutional interest to add more liquidity. Sure it’s great if you’re a criminal, but otherwise there are better places to put your money (BTC, low MC alts, RAIL, etc.) even if you’re a privacy schizo. If you just want to buy something without the fed knowing then buying Monero and holding it for 10 minutes makes sense yeah, but as an investment for the future of finance, and entering it early? Monero is garbage.
>>52429307
Gold is also a bad investment

>>52427952
Web3 payment is gonna be the next big thing and Monero is gonna be the top 3 coins used

>>52429565
>Criminals don’t use Monero because they value it as money, and they immediately sell it for USD or BTC after getting it

Horseshit. Best practices as espoused by the DNM Bible (supreme darknet OPSEC authority) mandate avoiding BTC as much as possible to minimize exposure to chain analysis.

Criminals use and long-term hold Monero precisely because it protects them and their holdings better than a transparent surveillance chain ever could.


>You can’t have a serious price pump long term with that kind of market, and with zero institutional interest to add more liquidity.

Transnational organized crime is an established institution, an insanely wealthy one that is absolutely flush with cash it seeks to move it around as secretly as possible.


>If you just want to buy something without the fed knowing then buying Monero and holding it for 10 minutes makes sense yeah, but as an investment for the future of finance, and entering it early? Monero is garbage.

>Yes, Monero works and is actually useful but if you really want to make it buy the coin that got dumped by the ransomware and darknet sectors for burning too many users, everybody knows that the more irrelevant a coin is in real-world markets the more it will ultimately gain in value.

>>52428098
/thread

>>52429565
there is beauty in simplicity.

>>52428098
fpbp
actual use case

>>52429888
You haven’t convinced me because I refuted every single one of your points in the post you replied to funnily enough

>>52427952
wow an actual use case

>>52430387
>You haven’t convinced me because I refuted every single one of your points in the post you replied to funnily enough

Yeah, totally.

>>52427952

i love the narrative that if you dont want all your finances tracked by states and banks then you must be a criminal

>>52430497
but you are a criminal, in their eyes.
who do you think create the "laws" other than the biggest dindu nuffin in existence aka the state

So you're admitting that it has a an actual real world use-case, something that literally 99.9% of the space distinctly lacks, and you're using that as FUD?

Monero cultists will try to shut you down and suppress your criticisms with anime. It's not worth it. VINU already does what Monero does but faster and better, just like ZCASH and similar, but they never mention them.

>>52430635
didn't ZCASH said that they want their coin to be compliant and uncomfortable to use by criminals?
No wonder no one use that crap.
Also if any good tech come out of those project, which might be a good possibility, monero will just ctrl+c ctrl+v

>>52427952
People are always going to want to buy drugs so monero is probably going to be the most profitable cryptocurrency to invest in. Once tor markets ditch bitcoin and ethereum and only deal in monero one coin will probably be worth thousands

>>52430497
Buddy the only people that actually care are schizos and criminals. That’s just an objective fact. If that weren’t the case there would have been an armed Revolution over the patriot act.

>>52430994
Except the only thing making Bitcoin and Ethereum worth thousands is institutional investment from billionaires. Monero will never be worth 1000 let alone multiple thousands. Bitcoin didn’t get huge from junkies it got huge after it stopped being used by them. Monero doesn’t have nearly the same mainstream appeal as Bitcoin and never will.

>>52427952
>Nonono goyim you can't hide your transactions from me because my monopoly on drugs might be threatened and then that would cause another holocaust!!!
1pbtid

>>52431120
>if you don't want your finances to be tracked and nerfed by 60% with useless taxes you are a criminal or schizo
you glow

>don't buy coins with product-market fit in a bear market
>buy pre-mined pyramid scheme coins promoted by paid Telegram Jeets and Eastern Europeans

>>52431120
>the only people that actually care are schizos and criminals
society have been in economic shackles for too long, once they are set free they don't know what to do and want to get back to their master.
Just give it some time buddy, we will get used our well deserved privacy and start building from there.

>>52431166
>institutional investment from billionaires

lol more like speculative mania. NGU is NGU even if its a dog.

>>52431208
Actually that’s not what I said. What I said was only schizos and criminals care about that. Not that it makes you a schizo or criminal. Very subtle but important difference you strawmanning retard.