When do i go in XMR

[Anonymous No.11001115]

I have been looking into this for a while now, built a small position with DCA at around 120$, so far invested a small portion of my alotted funds, looking to get fully invested, just trying to make sure i DCA as low as possible before strapping in for the next 5 years. This will be my only coin ( only owned bitcoin before - 2013 to 2016 but was too poor to invest enough to make it). So do you guys think we will see 50-60 $ again?

I know that anything below double digits is a steal ( in 2013 i specifically waited for sub 100$ on Bitcoin), but i need some advice on price point.

[Anonymous No.11001197]

>>11001115
wondering kind of the same. So tempted to buy some...

[Anonymous No.11001222]

>>11001115
im slowly buying in with gains over the next 1-3 years
one day xmr will be used as the default way to privately transport large amounts of wealth
once that happens 100k XMR is fud

[Anonymous No.11001227]

If you believe in TA and look at the current channel XMR is in, its likely to go down to 80 short term and 60 if bitcoin stays below 6k for more than a week

[Anonymous No.11001246]

I’m deciding whether to buy this under 100 or ETH under 150

[Anonymous No.11001271]

>>11001246
ETH is dying, Monero is actually used...it really doesn't make a huge difference if you buy XMR at 105$ or 95$ since in two or three years it will be worth at least 2k

[Anonymous No.11001287]

>>11001197
>>11001222
I know right, im just thinking that what i would hate the most is if it never goes to 80$ again. i will certainly buy more at 80$, but the only question is how much, im thinking 50% of my cash @80$ and 50% wait for 50$... i can buy total of around 60 XMR total atm but having over 100 would mean financially secure in 6 years.

[Anonymous No.11001375]

>>11001222
Is XMR actually untraceable? Cause if so, I see XMR flipping BTC in 3-5 years.

[Anonymous No.11001392]

>>11001375
It is untraceable.

[Anonymous No.11001402]

>>11001392
Why do institutional investors seem to prefer Zcash? Genuinely curious

[Anonymous No.11001404]

>>11001392
Even the NSA with all it's resources can't trace it?

[Anonymous No.11001424]

>>11001375
it is, that is its entire point.
also:
>Anti asic
>No premine
>No one can know how much is in your wallet
>No ICO
>is actually used for certain products.
> its possible to receive every payment on by giving out a different public address every time.

[Anonymous No.11001431]

I'd buy a little now then avg down. Might see 80 idk about 60

[Anonymous No.11001434]

>>11001402
They don't, Zcash is easily traceable and I wouldn't be surprised if the NSA made it

[Anonymous No.11001436]

>>11001424
...is there any reason not to go all in?

[Anonymous No.11001440]

>>11001404
No one can say that for certain. If the NSA wants it can literally point all of their servers and get a court order to get google's as well, and just do a 51% on bitcoin even. But Monero is the best option people have.

[Anonymous No.11001457]

Invest a small amount in Masari too just in case

[Anonymous No.11001460]

>>11001434
why is it on gemini and being added to coinbase?

[Anonymous No.11001461]

>>11001436
the only thing I can think of is scalability and tx speed and fees but I hope someone more knowledgeable could share more light into this.

[Anonymous No.11001470]

>>11001436
i will go all in, just not in one shot, i want to be all in in a smart way, not just jump in like an ape and limit my gains- every 10$ higher cost here is -900$ profit at 1k.

[Anonymous No.11001477]

>>11001115
Monero performed like shit during last bullrun, if I remember correctly. I would buy not with the intention of speculate but to keep the money safe for a very long time.

[Anonymous No.11001481]

>>11001402
>>11001434

[Anonymous No.11001485]

>>11001461
people talk about governments banning it specifically, but i would say it will be even better for Monero.

[Anonymous No.11001488]

>>11001460
I thought they were adding it on Coinbase, but maybe I'm wrong...anyways if you're in the US you can still use Kraken

[Anonymous No.11001490]

decetralized and funkgible SO FUCKIUNG HOT

(no company driven scam)

[Anonymous No.11001561]

>>11001461
Pretty much that it suffers from scalability issues similar to any blockchain, but with the additional overhead of being untraceable.

[Anonymous No.11001693]

I 1000% believe all you ever need are BTC XMR NANO and LINK. maybe some pussy too

[Anonymous No.11001862]

>>11001457
Monero's Litecoin (but with real improvements).

[Anonymous No.11001951]

Bought 10 coins at 103 the other week and bought 9 when it dipped two days ago at 118. Should I exchange for tether and see if it drops to 80 or just leave it be?

[Anonymous No.11001966]

>>11001951
depends if you wanna risk it in order to get more coins if the btc price dips (which most likely will). It's up to you really if you wanna risk it.

[Anonymous No.11002170]

>>11001862
Where buy?

[Anonymous No.11002190]

Saw it another thread :
"Monero is a currency that is meant to be used for transactions why would u ever spend monero if it was a speculative asset? Basically same issue bitcoin had before it was rebranded as a store of value. Since monero actually works, I don’t see how it will drastically rise in price it is not a speculative asset, it will fluctuate with the market relatively but it will never be a market leader, as seen in the last bull run where it underperformed compared to almost everything else."

Can someone debunk this? It makes sense to me.

[Anonymous No.11002215]

>>11002190
The idea is once monero catches on, it will be used for parking money (both clean and dirty) so this will cause it to moon like BTC did.

[Anonymous No.11002234]

>>11002190
Its the only coin aside from bitcoin which i am 100% confident doesnt go to 0. There arent alot of coins which provide this certainty for me, and that certainty is definitely worth the marginally smaller gains than other pump shitcoins, yes instead of getting x1,000 i can settle for x70 in 5 years, if it means i can guarantee i will hold it without doubt ever entering my mind.

[Anonymous No.11002281]

>>11001287
>>11001375
>>11001392
Literally every smart male with any amount of wealth will have a hedge in XMR in 10-20 years
If you aren't keeping a portion of the wealth you generate in a medium which cant be confiscated by a totalitarian government, divorce rape or other non-producer parasitism, you are a fool

[Anonymous No.11002479]

>>11002281
This will cause it to moon since XMR supply will be lower than BTC supply until 2050.

[Anonymous No.11003431]

>>11001481
> traceable
> still completely private

pick one lol

[Anonymous No.11003517]

>>11002170
For now in TradeOgre, stocks.exchange and South Exchange. In a few weeks, Cryptopia too.

[Anonymous No.11003550]

>>11001434

It wasn't the NSA, it was MOSSAD. True fucking story.

[Anonymous No.11003668]

>>11002234
XMR
BTC
LTC

Are some of the only battle tested tokens at this point.

[Anonymous No.11003721]

>>11003668
>LTC

this will be 25 dollars again sooner than you think.

[Anonymous No.11003727]

>>11003517
never heard of any of these except cryptopia.

[Anonymous No.11003826]

>>11003721
Yeah, but it's crashed in 2014 and came back.

so it's a survivor for the future.

[Anonymous No.11004200]

>>11001404
I'm a really clever guy, and i can outline a clever way that XMR can be traced relatively accurately, but it genuinely takes a government to do it.

The NSA has leaked wikileaks emails about how annoying it is to try to trace XMR transactions, which is funny as fuck.

[Anonymous No.11004219]

>>11002281
What happens when you try to cash out your monero? It's anonymous yes but fiat in/fiat out never will be.

[Anonymous No.11004240]

>>11004200
tldr on how gubmint traces it? genuinely interested

[Anonymous No.11004400]

>>11001115
I picked up 10 xmr yesterday as an insurance stack. Not a lot but looked like a good time as any to get in on the action. The statis report from bloomberg sealed the deal for me. Hoping for 15k-40k per xmr over the next decade.

[Anonymous No.11004428]

>>11004400
>The statis report from bloomberg
did you look into the credibility of that report?

[Anonymous No.11004500]

>>11004428
It's a report shilled by bloomberg. That's satisfactory enough for me. Everyone's a wolf in sheep's clothing trying to eat your money anyway

[Anonymous No.11004545]

>>11004500
I'm not super sure about their logic, which is basically that 1) store of value is the only legit use case for crypto and 2) xmr will moon because BTC did and XMR has replaced BTC for drug sales

kinda iffy in my view

[Anonymous No.11004842]

>>11004545
Store of value is the most convincing thesis thus far for the fund mangers. Even if they allocate a small percentage of their investment portfolios to btc it helps REDUCE overall volatility while increasing returns. Over time most managers will include btc in some percentage in their investment portfolios. Especially once the big players start offering btc their clients. Hell, I'd even argue they a legal duty to do so in the future (i'm a litigation attorney).

As for the drug trade, it's no doubt a market. Marijuana is america's largest cash crop. The drug war has decimated mexico a nation of 70 million, and made drug lords into billionaires. That's just low hanging fruit. More importantly, you can't underestimate the offshore industry. There's millionaires and billionaires all over the world looking to secretly store and move funds, and entire financial firms and law firms in jursidictions around the world dedicated to providing these services.

[Anonymous No.11004866]

>>11004842
I'm not arguing that XMR has no value, I'm just suggesting that I don't necessarily buy their compound logic. For one thing, XMR doesn't have to maintain a certain valuation to serve its purpose--it can simply serve as an intermediary, similar to Paypal, and that doesn't necessitate that the price increase or even stay where it is now

[Anonymous No.11004943]

>>11004866
Yes that's very much possible. But it's also just as likely that once converted into Monero they'd choose to keep a small portion in Monero as the ultimate hedge with full custody rights. HNWI, nefarious businessmen, and drug lords have a proclivity for control.

[Anonymous No.11004992]

>>11002190
Increased demand for using xmr for transactions means increased demand to buy xmr. It may stable off eventually but that will be at least mid 4 figures.

[Anonymous No.11005001]

>>11004992
>Increased demand for using xmr for transactions means increased demand to buy xmr. It may stable off eventually but that will be at least mid 4 figures.
so far it's just tracked BTC and on average hasn't increased too much against it

[Anonymous No.11005049]

>>11002234
but if you bought xmr now at $103 and it goes to $50 again, you just lost a little over half your investment. that'd be quite a bit of doubt entering your mind at that point.

[Anonymous No.11005082]

>>11001115
Monero will never moon like BTC did last winter. As soon as it starts rising over 400$ (if ever), news will be talking about how this "crypto coin that is mainly used for criminal activity is gaining value" - normies will never get close to it because they have no idea how any of this works - this includes billionaires who are also normies. The real money in Monero always was and will always be in mining. Get ready to buy GPUs, I heard Vega 64s are sold below 500$. You will have a money laundering machine in your house that also heats your room during the winter.

[Anonymous No.11005148]

>>11003668
My bags.

[Anonymous No.11005179]

>>11004219
two options: electronic or in person
electronic trade for btc/etc/xlm and fiat gateway
or kraken directly
in person localmonero at better rates, but slower liquidity

[Anonymous No.11005224]

>>11005082
Good enough.
I want untraceable, functional coin adopted by vendors.
Untouched by bullshit such as futures, ETFs, smartcontracts, ICOs, kitties, normies and speculators etc.
If it moons organically x3 instead of x20 in pump and dump, that's even better.

[Anonymous No.11005247]

>>11005082
>crypto coin that is mainly used for criminal activity is gaining value

That's exactly what most normies *still* think of BTC.

[Anonymous No.11005302]

>>11005224
no big name vendor (amazon, best buy, etc) will ever adopt xmr as a payment method. they probably wont even accept bitcoin either.

[Anonymous No.11005324]

>>11005302
If there is enough profit in it for them then surely they will.

If they were able to convert XMR to fiat easily then why not.

[Anonymous No.11005362]

>>11004240
He read a MRL paper. With enough known unspent outputs it’s possible. It would take a huge amount of work

[Anonymous No.11005375]

>>11005362
Doesn't this imply that you'd have to be on the radar in the first place? TLA won't dedicate massive man hours to John Smith and his $100k in shitcoins

[Anonymous No.11005390]

>>11005224
Any coin with a transaction time of over 30 seconds will not be taken by vendors, unless there is a credit body that negotiates between the vendor and the customer. A credit body that deals with Monero defeats the whole purpose of Monero.
>>11005247
Nope.

[Anonymous No.11005394]

>>11005302
>>11005324
When using credit card vendor pays 3-5% fee to accept the payment.
If they test memecoin payment and lets say 10% customers will actually use them, then why the fuck they would not adopt?

[Anonymous No.11005398]

>>11001375

It actually is. Not sure if a larp, but there was a supposedly leaked document from DOD about how they were worried, because they can't find a way around the ring signature algo.

[Anonymous No.11005404]

>>11005324
valve already tried btc on steam and they stopped that. i think newegg axed btc too but im not sure.

if even valve and newegg dont want to deal with btc why would amazon or best buy?

cryptocurrencies are just too volatile for vendors to want to accept it as a form of payment, since after the payment is processed they could lose a lot of money on the sale.

if anything, big companies will be hedging in gold and silver and accepting fiat currency.

[Anonymous No.11005416]

>>11005224

This guy gets it.

[Anonymous No.11005444]

>>11005082

No, the real value is in moving & storing buying power untraceably. I know you pajeet get rich quick moonbois only think in terms of "please sir, what price sir, when moon sir", but your p&d shit is NOT value.

[Anonymous No.11005447]

>>11005394
because for example the $4000 tv that best buy just sold you for 40 xmr that were worth $4000 at the time of purchase, and then the purchase gets processed and the value of xmr drops overnight and now that 40 xmr you paid best buy is now worth $3500.

i repeat, no big name company will ever accept cryptocurrency, not as long as it is this manipulated. so, basically, never.

[Anonymous No.11005455]

>>11005447
in the future i suspect there will be DAI/MKR-style stablecoins running on a secondary XMR layer

[Anonymous No.11005457]

>>11005447
Why would they need to hold the monero overnight?

[Anonymous No.11005465]

>>11005375
Not really. As it stands. Unmixed monero is about 80% hidden. Since it’s based on ring signatures it wouldn’t just unwind 1 tx but rather cause a ripple effect. This can be mitigated in moneros side by increasing mixins, which is happening. And having more potential mixins thatbare recent. So as it grows it will get more secure

[Anonymous No.11005552]

>>11005455
this could be a possiblity, and would certainly bring more confidence into offering it as a payment method.
>>11005457
admittedly, i didnt realize that they probably could just sell it the same day but again that takes time and there would have to be some sort of automatic process to sell the xmr. but then again that has its own issues as the constant buying and selling could kill any possibility of xmr gaining in value

[Anonymous No.11006017]

>>11005447
Xmr isn’t gonna be used to buy a tv. It’s a store of wealth

[Anonymous No.11006427]

>>11006017
This guy gets it. If you understand Monero you know it will Never be used as a practical day-to-day spending currency. Too slow/too expensive/too unintuitive/too much drug stigma from normies.

What Monero WILL be used for is black market transactions and anonymous wealth storage. These are both huge markets with proven interest in crypto and currently nothing can touch Monero regarding utility and security in these fields. Dash/zcash have good tech but are run by pussies who have said they will cooperate with law enforcement and only have optional privacy. There are various small-market cap coins whose tech equals Monero but nobody knows about them and they are untested. Until quantum computing comes about Monero has I would argue the most proven utility of any cryptocurrency. I’m only invested in other coins for quick moon missions Monero is the final destination for all my crypto wealth.

[Anonymous No.11006664]

>>11006427
Do you think XMR can pull a BTC and get up to five figures?

[Anonymous No.11006722]

>>11004866
Neither does BTC but here we are

[Anonymous No.11006726]

>>11006664
Yes. I Think monero will flip btc one day. Others might appreciate faster. But st the end of the day monero is arguably the only with value. Xmr 2000 dollars in 2 years or less

[Anonymous No.11006761]

>>11006726
I agree with you, XMR right now reminds me of BTC when it was around 3 digits.