/XMR/ Monero General: Hangover Edition

[Anonymous No.24569038]

Welcome to XMR General, dedicated to the discussion of the world's leading privacy-coin!
Because Monero is secure, low-fee, and borderless, people can easily send money despite corrupt and broken governments or banks. This provides economic empowerment of individuals in oppressive countries or depressed economies.
Private financial history protects consumers and companies from price manipulation, supply chain exploitation, economic discrimination, or the like. Monero is the only cryptocurrency that has the features to serve as completely fungible, decentralized, electronic cash.
If you're new, feel free to ask any questions you like and a Monero Chad will be with you shortly.

WHAT IS MONERO?
https://web.getmonero.org/resources/about/
https://www.youtube.com/watch?v=8quGD9W7B2I&vl=e

HOW TO STORE MONERO:
https://www.getmonero.org/downloads/ < Full GUI wallet, for your PC
https://cakewallet.com/ < A simple, phone friendly wallet


WHERE TO GET MONERO?
https://bisq.network/ <Trade Bitcoin for Monero completely anonymously over Tor, decentralized. Slow but completely private!
https://cakewallet.com/ <Trade Bitcoin for Monero through a centralized exchange built into the wallet!
https://localmonero.co/?language=en <(Always look for vendors with lots of good reviews)
https://coinatmradar.com/bitcoin-atm-near-me/ <Crypto ATM locations
https://kycnot.me/ <Exchanges and services with no KYC requirements
https://web.getmonero.org/get-started/mining/ <A brief introduction to PoW Mining.

STATS:
https://moneroblocks.info/stats/transaction-stats < Monero Daily Transactions

[Anonymous No.24569051]

FAQ
>Why doesn't Monero pump?
Recency bias. Monero pumped in September and October when nothing else was pumping, and during the Bitcoin rally it has held its USD value. Currently the Bitcoin ratio is highly undervalued and is due for an appreciation, so now is the time to accumulate.
There is also reason to believe that price suppression may be ongoing, and if true, would indicate that a sharp upward correction is likely in the future.
>What is the best way to get Monero without KYC?
- Local Monero is a service to directly connect you with people selling Monero. Otherwise, you will need to buy Bitcoin and then move that Bitcoin through a medium without kyc, such as a coinswap service (morphtoken), a centralized exchange (kucoin, tradogre), or a p2p application (Bisq). If you are confused about this and need help, a Monero chad can walk you through the steps.
>I just read _____ that says Monero can be traced. Is it over?
No. Monero can not be directly traced. To date, there has never been a directly traced Monero transaction. What could realistically happen is an adversary can pick up metadata that a Monero user may unknowingly leak when doing a transation. For example, If you purchase Monero on a KYC exchange and then transfer off of an exchange, the metadata that the KYC exchange would store is the date and time you sent Monero, the amount of Monero you sent, the Monero address you sent Monero to, and the IP address that you are logged in. Monero does not prevent metadata, so be aware of this.

[Anonymous No.24569385]

comfy monero thread :)

[Anonymous No.24569401]

Best crypto outside of Bitcoin. No flashy marketing or sales people, excellent technology and very active developer base.

[Anonymous No.24569433]

>>24569038
fuck feds, fuck dataminers and fuck jannies

[Anonymous No.24569458]

Can someone redpill me on Monero Classic? Why has it pumped recently like crazy?

[Anonymous No.24569760]

>>24569458
Monero Classic has such bad liquidity that you could move the price a couple hundred percentage points if you invested any meaningful amount. Not that you would, since it's a dead scam chain.

[Anonymous No.24569951]

Fuck the State
Fuck the bourgeoisie
Fuck the third world

[Anonymous No.24570415]

So Monero chads, here is a question of the day: How do you plan to navigate investing in Monero (and other crypto) over the next few months?

[Anonymous No.24570495]

>>24570415
Keep DCAing into XMR/BTC/ETH/LINK.

Maybe pick up some LTC and RSR for the memes.

[Anonymous No.24570581]

>>24569038
hey XMR bros. been considering picking up a bag recently.. does buying XMR from a KYC exchange make it redundant? Should I be exclusively be looking to get XMR from a non KYC exchange?

[Anonymous No.24570749]

>>24570495
this is my exact plan desu
bought a small stack of PNK too, to join in on the shitposting fun

[Anonymous No.24570797]

>>24570581
The exchange will be able to see the address you send it out to, but if you use a subaddress, or a burner wallet, that won't help them track it much.
Still, they would know that you purchased Monero and sent it to a private wallet, but they would have no idea what you did with it.

[Anonymous No.24571264]

>>24570495
>>24570749
This sounds pretty solid. I only DCA into Monero because of how undervalued it is and how much I like it, but if the ratio does swing upward I will probably put money into Eth.
Then I'll just swing trade between XMR, ETH, and BTC depending on which ratio is doing the best.
It's been pretty hard resisting fomo. My next DCA is scheduled for next wednesday but I've held on for now lol.

[Anonymous No.24571341]

>>24570797
and they would also know the amount I assume? which is redundant for 'tax purposes in minecraft' right?

[Anonymous No.24571423]

>>24571341
Withdrawing Monero from an exchange is like withdrawing cash from an ATM. The exchange will know that you withdrew Monero but that's it. They have no way of knowing where that Monero goes subsequently.
KYC exchanges provide information to the government. So if you are buying large sums of crypto on KYC exchanges, then you will get a letter from the IRS if you are doing big crypto to crypto trades.

[Anonymous No.24572219]

bump

[Anonymous No.24572330]

Monero is a honeypot, buy GRIN instead.

[Anonymous No.24572632]

>>24569433
extremely fucking based

[Anonymous No.24572684]

>>24570495
>>24571264
the best answers in this thread. get a comfy BTC/ETH/XMR stack and swing between them (not all the time, i'm talking on a quarterly time frame). for example, dca into eth this summer was key, then dca out into btc in august. btc pumps in the fall, you should take those profits and put them back into eth right now. eth always bleeds against btc in Q4 and always gains in Q1.

[Anonymous No.24572690]

>>24572330
pajeet trying to take your cash

[Anonymous No.24572708]

>>24572330
shut the fuck up raju. i bet you hold shitcoins like XRP and zcash. kill yourself faggot.

[Anonymous No.24572753]

>>24572708
this

[Anonymous No.24572852]

to the uninitiated:
NPCs are incapable of understanding or holding a comfy unknown amount of XMR. they truly believe that government has to issue money (see: all the NPCs that support MMT).

austrian economist chads and libertarians know the true potential of a technology such as XMR. be patient, dollar cost average, and you will see good returns.

in the last market cycle, a portfolio of BTC/ETH/XMR @ 50/35/15 would have optimized your portfolio wrt the sharpe ratio, thereby maximizing your risk-adjusted returns.

[Anonymous No.24573414]

>>24572684
yeah man. But of course I want to maximize my profits so the question is, where will the market go over the next three months? I think we are going to retest the 20 week moving average but it definitely seems like institutional money is coming in because this recent pump has been crazy.
I've been dcaing for the past year and my monero stack is beautiful but I still have like another 25% of funds to move.
>>24572852
pretty spot on, however I am a firm believer that Monero will out perform Bitcoin this cycle. It is highly undervalued and in a speculative bubble I believe people will flock to it because of its tech and the surge in adoption.

[Anonymous No.24573571]

>>24571423
Understood, enlightening, ty fren

[Anonymous No.24574237]

>>24573571
np anon. it's why long term Monero will likely be allowed on more on ramps because it's the only way for governments to keep track of it.

[Anonymous No.24574734]

what will you edgelords do if your government bans privacy coins? don't be acting too tough in your replies will you 'chads' (incels)

[Anonymous No.24574774]

>>24571423
>Withdrawing Monero from an exchange is like withdrawing cash from an ATM.
Okay what about withdrawing monero from a KYC exchange?

[Anonymous No.24574775]

>>24574734
How would they ban it? And under what pretext that could not also be applied to fiat USD?

[Anonymous No.24574937]

>>24574774
That's what I was talking about.
>>24574734
how is the government ban on torrents going?

[Anonymous No.24575523]

>>24574734
>your government bans privacy coins
Fuck governments

[Anonymous No.24575600]

Fuck the government

[Anonymous No.24575758]

https://www.youtube.com/watch?v=8quGD9W7B2I&feature=emb_title

So I'm listening to this intently. I own no Monero but will consider it. I do have a serious question though, Dr. Kim talks about how everything in bitcoin is recorded on a public ledger as if that's a problem. Isn't the public ledger what bitcoin derives it's value from? People only want money because they trust it is good for something, and a public ledger creates a sense of trust that what is happening with their internet chuckie cheese token is legit. How can Monero create trust with its users?

Not saying every glass bead can traded for land and traded back to glass beads, but

[Anonymous No.24575850]

>>24575758
Monero has the same immutability but has additional privacy features backed by cryptography that is developed by literal geniuses and peer reviewed. To trust Monero means trusting math.

[Anonymous No.24576268]

It's such a beautiful day, isn't it?

[Anonymous No.24576496]

>>24575758
>Isn't the public ledger what bitcoin derives it's value from?
Sort of. The problem with Bitcoin is that you can easily tell how much Bitcoin somebody has once you receive payment from them. Realistically, no business or powerful person would want to work with Bitcoin for this reason. Transparency for the blockchain is a good thing for the reasons you have said, but it is bad for the financial privacy of the individual.
Most of us Monero chads support Bitcoin, but we very much loathe what how the Bitcoin Maxis think Bitcoin can work with privacy. It can't.

[Anonymous No.24576532]

>>24576496
oh and regarding the trust -- Monero has existed since 2014, and in cryptocurrency terms thats like several decades. It has a very large community of supporters and it is legitimately grass roots and decentralized. The trust and faith I have in Monero is based on the last 6 years of Monero continually improving its privacy.

[Anonymous No.24576638]

why is it so easy to hold monero?
its like i dont really care about it

[Anonymous No.24576663]

>>24574734

[Anonymous No.24576682]

>>24576638
I don't keep it on my portfolio tracker and don't really know how much I have. it's like keeping monero secret from even myself.

[Anonymous No.24576723]

>>24575758
monero's ledger is public, it's just obfuscated. the math behind it still has to make sense.

[Anonymous No.24576778]

>>24576723
the only thing that is not completely private is the sender, receiver and amount are completely private

[Anonymous No.24576787]

>>24576778
sender is obfuscated with ringCT.

[Anonymous No.24576822]

>>24576787
>>24576778
also, what i mean by the ledger being public is that you can download a copy of it and view it. it just doesn't provide much meaningful information for tracking because it is encrypted

[Anonymous No.24576880]

>>24576787
ringCT is transaction amounts. Sender addresses are hidden with ring signatures.

[Anonymous No.24576889]

>>24576787
>>24576822
actually ring signatures and ringct aren't the same. ring signatures is what obfuscates the sender, ringCT obfuscates the output

[Anonymous No.24576907]

>>24576880
yeah, my bad. basically its rings all the way down

[Anonymous No.24577146]

monero bros what else are you holding? im 50% monero 50% btc

[Anonymous No.24577192]

How much to make it? 500? 1000?

[Anonymous No.24577290]

>>24574937
So if I buy and sell monero on kraken the exchange wouldn't know the amount?

[Anonymous No.24577334]

>>24577146
pretty much the same, might pick up some eth soon

[Anonymous No.24577343]

>>24577192
50

[Anonymous No.24577378]

>>24577290
please tell me you are joking, exchange trades are not real crypto trades, they are just internal ledger balances

[Anonymous No.24577426]

>>24577146
rn I am 100% Monero.
But I swing trade to Bitcoin depending on the ratio. Also, ETH is undervalued and it's a solid long term hold so I am also eyeing that.
>>24577290
Kraken would know everything you do on your account.

[Anonymous No.24577446]

>>24577378
I buy crypto from kraken and move them to a cold wallet.
>>24577426
wtf I hate kraken now. What exchange should I call home then?

[Anonymous No.24577516]

>>24577446
tradeogre

[Anonymous No.24577540]

>>24577192
unknown amount :3

[Anonymous No.24577556]

Guys i’m 100% in monero, am i retarded? I won’t be touching it for another 4 years

[Anonymous No.24577597]

>>24577556
im 50:50 with btc

[Anonymous No.24577824]

>>24577446
Dude what are you on, if you go to a tobacco shop and buy a lighter the cashier knows that you bought a lighter at a certain time and at a certain price.
But not anything after you put it in your pocket and walk away.

That's it for monero, what's so hard to comprehend

[Anonymous No.24577958]

>>24577556
>am i retarded
no

[Anonymous No.24577985]

>>24577556
If you stay true to those 4 years, you are infinitely based. If your portfolio's big enough, it wouldn't surprise me to see you making it. Godspeed anon smart money

[Anonymous No.24578029]

>>24577556
no, i'm 100% xmr as well

[Anonymous No.24578245]

>>24577985
My bags are heavy whats a make it stack?

[Anonymous No.24578621]

>+7%
whew, nice start lads, glad we broke the sideways trend

[Anonymous No.24578945]

>>24576723
For what reason do you anticipate institutional firms like Grayscale (that have their marketing data publicized) will give to invest in such a project? If they can't, then who is going to pump bags? Realtor market? As if

[Anonymous No.24578991]

What's the best way to move xmr from an exchange to another wallet as anonymously as possible?

[Anonymous No.24579037]

>>24578991
usually not needed but run it through a mixer with a set delay if you want 100% anonymity. Assuming of course that the exchange doesn't have KYC

[Anonymous No.24579039]

>>24578991
just send it retard, monero is anonymous

[Anonymous No.24579040]

>>24578245
How can XMR bags be heavy, it's the only true cryptocurrency left that adheres to the BTC foundation principles
We are the true elite of this pump chasing scams craze

[Anonymous No.24579045]

>>24579037
What mixer would you recommend?

[Anonymous No.24579134]

>>24579045
never used one, can't recommend any

[Anonymous No.24579167]

>>24578991
mixers don't work.
if you are moving monero off of an exchange then create a subaddress.

[Anonymous No.24579237]

>>24579040
Its heavy watching others x100 thats why im locking it away for 4 years

[Anonymous No.24579342]

how come the XMR general is quieter than ever when we're mooning, and booms when we're dumping or going sideways?

[Anonymous No.24579448]

only crypto that really matters:

xmr
eth

[Anonymous No.24579678]

>>24579342
people fud to buy back lower

[Anonymous No.24580228]

>>24578621
XMR/BTC still going sideways sir.

[Anonymous No.24580248]

>>24579448
eth would be great but it is really struggling to scale even before adoption started, so I doubt it has much of a future for mainstream use

[Anonymous No.24580288]

>>24579448
eth moving to POS will probably mortally cripple it, people dont understand that what actually gives crypto value is the electricity spent doing POW

[Anonymous No.24580956]

>>24580288
any coin that tries to be a global computer like Eth are also PoS, so unlikely

[Anonymous No.24581291]

>xmr thread

[Anonymous No.24581365]

So fucking comfy bros

[Anonymous No.24581427]

I went to local monero and noticed no one in my entire state is selling any. Why is it so dead? Also are there any crypto sites like e-Bay where you can sell stuff for crypto like XMR?

[Anonymous No.24581451]

>>24580228
+3% is not sideways

[Anonymous No.24581502]

>>24581451
+3% up today, 3 down the next. Has been like this all week bro.. literally needs to break out of the 7k sats.

[Anonymous No.24581526]

>>24581502
we've been holding 6800 sats for a few days, we were holding like 6200 last week

[Anonymous No.24581647]

>>24580288
>what actually gives crypto value is the electricity spent doing POW
no, just no.

[Anonymous No.24581680]

>>24580288
Crypto's value is derived from whether or not people think it's valuable or not. It's digital money. In Monero's case, it's not just digital money - it's private digital money.

[Anonymous No.24582038]

Simple question... how do you convert fiat or BTC to XMR without alerting the feds? I feel like the initial buy would always be traceable... does it not matter because you can claim you sent the bitcoin to the wrong address and then some stranger converted it to xmr? Also, should I use a VPN to ask questions like this?

[Anonymous No.24582100]

>>24581680
Yes but the creation of the token itself must have an energy barrier, it cant be just printed because you have some

[Anonymous No.24582190]

>>24582038
information is in the faq

[Anonymous No.24582278]

>>24582100
the creation of the token must cost something and have limits on the number created, but that cost doesn't have to be energy and the limit doesn't have to be a hard cap.

[Anonymous No.24582555]

>>24581526
It's been going sideways vs bitcoin for over a year (outside of little pump&dumps) and continues to go sideways.

[Anonymous No.24583024]

Packing a fat hangover boys, what should I eat?

[Anonymous No.24583150]

>>24582038
Send your BTC over to a RenVM that'll convert your BTC to ZEC, then sell your ZEC for XMR.