/biz/ - Business & Finance

[Anonymous No.28389773]

stop buying shit coins and start buying quality currencies like xmr

[Anonymous No.28389821]

>>28389773
if this drops more on the BTC pair I will probably stop trying to buy and hold xmr.

[Anonymous No.28390232]

>>28389821
if this rises more on the BTC pair I will probably stop trying to buy xmr.

[Anonymous No.28390281]

>>28389821
>decoupling is bad

[Anonymous No.28390392]

Dubs i buy more ark

[Anonymous No.28390563]

>>28390281
>> dumping against BTC is good

[Anonymous No.28390890]

>>28389773
I already am and I will not stop.

[Anonymous No.28391276]

luv dr daniel kim
‘simple as

[Anonymous No.28391571]

Absolute shitcoin

[Anonymous No.28391710]

>>28391571
still has more use than your pajeet pnd peepoocoin

[Anonymous No.28391818]

>>28389773
Too bad the community fagged out with that stupid fucking tesla ccs.

[Anonymous No.28392014]

>>28391818
was prefunded

[Anonymous No.28392032]

>>28391276
Wait, does Monero not have halving events?

[Anonymous No.28392409]

>>28392032
halving is dinosaur tech fren

[Anonymous No.28392527]

>>28389773
Why would I want to buy this crabcoin?

[Anonymous No.28392651]

>>28389773
Or buy the first blue chip crypto LTO. The math is glorious.

[Anonymous No.28393597]

>>28392409
That clunkiness is what induces such predictable bubble cycles in Bitcoin. Without massive volatility, you also can't have massive growth. You NEED the volatility. I'm sure the equation that smooths it all out is perfectly elegant, but it's a serious error. Monero won't naturally explode in the same way Bitcoin did/does, which is very bad for its long term survival.

[Anonymous No.28394840]

>>28393597
Thank you Prajhav for your thorough analysis

[Anonymous No.28394887]

>>28389773
Nocando. Addicted to shitcoins.

[Anonymous No.28394918]

>>28389773
Wish this fucking piece of shit would do something

[Anonymous No.28395017]

>>28394840
kekked
>>28393597
>muh halving bubble cycle

[Anonymous No.28395081]

What's the word on atomic swaps?

[Anonymous No.28395140]

>>28390890
honestly lads i'm buying and holding monero no matter what price it's trading at. It's not even an investment anymore

[Anonymous No.28395250]

>>28395140
same here fren
buy and never look back

[Anonymous No.28395529]

>>28395250
bros, are you me? im not even sure why im doing it anymore. of everything on the market, i believe in monero most of all. its basically the only thing i hold. i feel dumb and also feel like im making a good long term decision. im missing out on moon missions and significant returns, but on the other hand, 1000% more risky imo. im betting on fundamentals moving forwards. cant handle the fomo thing anymore. now its just buy and hodl xmr. maybe itl be ok in a few years

[Anonymous No.28395713]

Is there anyway to exchange ERC-20 tokens to XMR? I already have a wallet and everything.

[Anonymous No.28395832]

>>28395713
changenow.io, if the coin is listed

[Anonymous No.28395848]

>>28395529
I try not to put all my eggs in one basket, but monero sure is a large basket. Sometimes I feel dumb buying into a coin everyone is trying to kill, but hey, I guess the people buying bitcoin in 2012 felt the same way.

[Anonymous No.28396253]

https://youtu.be/aC9Uu5BUxII

Someone shared this with me in the last Monero general. It convinced me to buy 250 XMR and to slowly accumulate more over the next couple of years so thank you guys for posting this.

I'm not concerned about short-term stagnation of the price just like I wasn't with BTC in 2014, ETH in 2015 and Chainlink in 2017. The only time this mindset bit me in the ass was with Request Network.

I'm currently testing out different wallets and using my personal server as a Monero node to connect other light wallets to. I really like how GUI wallet has a miner integrated straight into the wallet itself. I think I will shift some of the excess CPU cycles of my (GPU) mining rigs to Monero, I don't think it's profitable but I really like the idea of incentivizing decentralized mining to not have the blockchain fall in Chinese hands like what sadly happened to bitcoin.

[Anonymous No.28396361]

give me reasons to buy monero, i'm considering it

[Anonymous No.28396412]

>>28395832
Thanks m8 I’ll check it out shortly.

[Anonymous No.28396499]

>>28395848
i agree i shouldnt be all in on one coin. but the more research i do about the space, the more fearful i am of everything at current prices. transparent ledgers will be our chains i feel. im just invisioning extreme government overreach on the fiat money supply and our ability to use it/withdraw it. im picturing venezuela and people taking wheel barrows full of worthless fiat to the store to buy a single loaf of bread. govs forcing banks to limit withdrawls. idk maybe it cant happen here becuase we have control over our own money printer, ik. im just fearful and i feel safe in xmr. does anyone else feel the same?

[Anonymous No.28396607]

>>28396361
check this vid
>>28396253
god damn, xmr whale

[Anonymous No.28396645]

>>28395713
WXMR is on Uniswap

If you want to actually use anonymity then:
>>28395832

[Anonymous No.28396659]

I've been following Monero since you could use it on agora. Waste of investment. People buy it to buy drugs and then dealers sell it for BTC. Not going anywhere but it Is a great coin

[Anonymous No.28396679]

>>28395848
>I try not to put all my eggs in one basket
hold some boomer ETFs on the side, no other crypto worth investing in IMO

[Anonymous No.28396750]

>>28396659
right, a dealer wants to hold his wealth in a transparent vault
back to eating mud you

[Anonymous No.28396755]

>>28396361
It's the only cryptocurrency that's actually used as a currency. Should be reason enough.

That said I don't feel like we should convince you since XMR isn't a speculative coin. It's a coin meant to be actually used. If you don't think you will use XMR to buy privacy sensitive stuff then don't buy it.

Monero is what bitcoin originally intended to be. An actual currency. It's not digital gold or meant to be held and then sold on for a profit in the future.

[Anonymous No.28396835]

>stop buying shit coins
>buy this crabbing piece of shit shitcoin that can’t even hold a 10% pump instead

[Anonymous No.28396866]

>>28396679
same
I’m risk tolerant regarding the amount of money I invest but I need to be absolutely certain of the project
even eth is too speculative for me, and I wouldn’t feel well going in after a 900% increase
xmr feels like one of the safest play out there

[Anonymous No.28396937]

>>28396361
>give me reasons to buy monero
Bull arguments:

>class-leading privacy coin
>real world adoption
>great community
>long history
>capable dev teams
>very decentralized
>no company/foundation
>might replace BTC in most use cases
>potential to become the class-leading currency coin
>Atomic swaps will enable XMR to tap into other coin universes with minimal metadata leaks and very low friction
>new buyers and speculators might not be fully aware of flaws in BTC and DeFi and in the future might migrate to XMR
>price action not fully exploited this cycle
>upside from informal sector onboarding is hundreds or thousands of X
>upside potential from more exchange listings
>wrapped versions enable DeFi usage, not yet fully exploited
>little known institutional involvement creates upside potential
>Grayscale Monero Trust will enable easy access for many investors
>most battle-proven privacy coin
>trusted and used by black hats
>honorable use cases might improve the reputation
>low inflation and no gaming of the explicit supply with locking incentives etc.
>privacy features are working
>separation from other ecosystems keeps XMR running if they go downhill
>coin economics provide stability in the long term
>high demand for privacy should governments try to enforce regulation and taxes
>demonstrated ability to fend off attacks
>demonstrated ability to keep network up-to-date with latest privacy features

[Anonymous No.28397021]

>>28396659
The price stabilization is the miners who turn on to keep price stabilization. There are a lot of ghost CPU mining farms out there.

XMR price wise will be equivalent to LTC unless there is a big crackdown on public blockchains.

[Anonymous No.28397034]

>>28396659
>People buy it to buy drugs
This is the reason why Monero is successful. People actually use it to buy stuff like what people used bitcoin for between 2010-2015.

Remember when you could buy steam games with bitcoin officially sanctioned by Valve. Entire black markets sprouting out of the ground on TOR where you could buy stuff with BTC.

Yeah now in 2021 there is only really one real currency, Monero. Want to buy drugs? Well you'll have to use XMR. Want to stay truly private when buying a VPN or other privacy centric stuff that can't be traced back to you? You have to use XMR.

It's meant to be used, to be exchanged for goods and services. It's not meant to be speculative. Go buy BTC as digital gold if you're looking for that.

[Anonymous No.28397060]

>>28395832
>changenow.io
wow great resource man, thanks alot

[Anonymous No.28397108]

>Just sold BTC to buy XMR

[Anonymous No.28397212]

>>28396253
Can you give me a tldr?
I'm sympathetic towards monero, but I don't see adoption and I don't think it will look nice in the upcoming BTC crash, so why not buy later?

>>28396607
>250
>god damn, xmr whale
Sounds like he has just 1 BTC worth?

[Anonymous No.28397537]

>>28396679
Nothing wrong with ETFs they provide stability for your long-term portfolio

>>28396866
XMR isn't going to moon any time soon. It wasn't designed to do that. Instead it's going to slowly increase in value as more and more of the actual cryptocurrency transactions start being conducted in Monero.

You shouldn't judge it based on valuation but based on amount of transactions per second. It has steadily grown since 2016, even during the cryptocrash because Monero was actually used by people to buy stuff. BTC transactions stagnated long ago and ETH and basically every other altcoin has transactions that correlate with boom and busts. Suggesting they are trade transactions based on speculation, not utility.

How many people use Dapps right now? It might be big in the future but right now the ETH is used for speculative purposes.

How many people use Bitcoin right now? The cost of transactions are so prohibitively expensive that it's being touted as a store of value instead of being a COIN like its name is suggesting.

Monero however. Most people don't even speculate on it due to its price not being volatile enough in the short term to play casino with. The transactions are primarily actual usage of it as a currency.

It's something you either have to buy now and hold for a decade. Or you buy it now to quickly purchase something that needs absolute privacy. It's not a short term gamble. Sell your XMR if you want to see a quick 10x.

BTC and ETH even at their current price hold far more potential for speculation.

[Anonymous No.28397553]

>>28397034
Bitcoin is digital real estate. Bitcoin isn’t fungible.
Monero is digital gold.

[Anonymous No.28397773]

Nobody's responding to my thread so I may as well ask here.
Is XMR a good entry point for mining? Or should I just go for ETH(or something completely different)?
From what I've read, XMR can be mined with the CPU, so there's no need for the expensive GPUs.

[Anonymous No.28397939]

>>28397773
I mine XMR on CPU, ETH on GPU
ETH is more profitable, but nobody can predict how long this is going to last with proof of stake etc, etc
also hardware prices are inflated as fuck

[Anonymous No.28397970]

>>28397773
Yes it would be a good entry point but the profits will not be that crazy, any mining profits aren't really that crazy unless you're a Chinese farmer guy, and XMR like another anon pointed out in this thread is a great project to be mining for because you will be helping keep it decentralized

[Anonymous No.28398069]

>>28397939
>>28397970
I suppose I forgot to mention, I don't have to pay for power.
Nobody in Europe realizes what Wild fucking West Kosovo is.

[Anonymous No.28398083]

>>28389773
stop it, I am still accumulating
give me at least another year

[Anonymous No.28398128]

>>28398069
That's really cool and I'm jealous. Yes, why not start mining XMR if you don't want to shell out for an insanely expensive GPU, you can get some pretty nice CPU's too for decent price.

[Anonymous No.28398257]

>>28389773
>buy 150$ stablecoins plz

[Anonymous No.28398336]

>>28397212
>Can you give me a tldr?
No, watch it or not. Simplification won't help you here.
>I'm sympathetic towards monero
You shouldn't be. Philosophy is great and all but historical performance and data analysis is key. Monero is used as the defacto currency in the dark web for a reason, it's really the best untraceable currency out there. There's a reason it's the only currency triple character agencies put a bounty on.

>but I don't see adoption
It's currently the only choice dark web merchants give you. I'd argue it's the only coin that has any actual adoption after merchants dropped BTC one by one over time

>I don't think it will look nice in the upcoming BTC crash, so why not buy later?
This one is a little more complex but that is indeed why I didn't go all-in on XMR but decided to buy some right now and slowly increase my stake over the next ~5 years. The reason why I decided to buy some right now instead of wait was because it's unclear what will trigger the oncoming BTC crash and how it crashes affects XMR. For example if BTC crashes due to tax season, regulation of any kind or lack of utility then it will lead to a valuation increase of XMR.

If BTC crashes because the gravy train runs out and someone drops BTC like back in december 2017 then XMR will suffer as well (but not in usage, only valuation). This would mean your initial investment backfired but you can accumulate more in the coming years.

The reason the price is kinda stagnant right now is because speculators don't know what to think of XMR. On one hand do you consider the fact that the DOJ has a 600K bounty and it being banned in some countries as a good thing? (it truly poses a threat to the establishment and monetary system) or do you consider it a bad thing? (Less ramp up for the common person to bother purchasing it, less speculation, more utility focus). That is a bet you should take yourself. I spread my risk by buying some right now and accumulating over the next 5 years.

[Anonymous No.28398586]

>>28397212
>but I don't see adoption
Not only what >>28398336 said, but also
https://www.getmonero.org/community/merchants/
And, if you try to look anything up and add [crypto] to your search, I am never really disappointed by the amount of shops that accept XMR online, but I guess it depends what you're looking for.
Also, if a shop accepts crypto, but doesn't have XMR listed, CONTACT THEM! I've done this multiple times and they've sent an XMR address to my email and completed my order, if someone is into cryptocurrency and accepts it for their business, it isn't hard for them to setup an XMR wallet especially because its an OG and not a shitcoin, this is just my experience.

[Anonymous No.28398622]

>>28397553
I disagree with Monero being digital gold. It's going to be used as a currency due to the transaction costs going down over time. BTC only became gold because the cost of transaction is very high just like with physical gold. If BTC had low transaction costs it would probably be used more to buy normal goods all over the place already. But in reality it's just a vehicle and store of value while every BTC holder converts to USD when they want to buy something with actual value.

>>28397773
ETH is still profitable to mine with GPUs. Monero isn't really profitable unless you factor in future valuation gain of Monero. However if you're already mining ETH with GPUs then the CPU that is staying mostly idle could be mining Monero at the same time so it gives a little bit extra income. It most likely will be break-even but you're supporting the Monero ecosystem and it might gain in valuation in the long-term.

[Anonymous No.28398688]

>>28396937
and yet... all it does it crab
any other time slow and steady gains are fine, but we are in a bull market

[Anonymous No.28398945]

>>28398688
>all it does it crab
Until it doesn't anymore... And then you cry:
> I should have bought!
> Why do I always buy high and sell low!

[Anonymous No.28398967]

>>28396755
A supposedly "untraceable" coin that actually is used, does sound very interesting.
Though I wouldn't want to lose money off of it in case i hold it for some time and it then crashes for some bullshit reason.
Thanks for the insight anyway.

[Anonymous No.28399113]

>>28398622
It’s gold because it is fungible and somebody can’t prove how much you have.
Gold can also be used as a transfer of value.

[Anonymous No.28399346]

>>28398945
He's probably already feeling like that, this shit was $60 back in summer...now comfy\.

[Anonymous No.28399910]

the face of XMR shorts right now

[Anonymous No.28400015]

>>28398336
How exactly would governments tax a supposedly "untraceable" currency?

[Anonymous No.28400091]

>>28400015
Lol they don’t

[Anonymous No.28400172]

>>28400015
I said XMR would moon if tax season causes BTC to collapse. Because XMR isn't taxable while every other coin is.

[Anonymous No.28400414]

>>28396659
>dealers sell it for BTC
i can guarantee you that in at least one case this is completely false

[Anonymous No.28400507]

>>28399113
Gold isn't really fungible the value of gold differs based on source. There's a reason why gold with a certificate is worth more than gold without a certificate.

Gold can be used as a transfer of value just like everything in life. The reason gold isn't used as a transfer of value is because the transaction cost of using gold is too high for little to no gain over using low-cost alternatives like fiat.

XMR is going to keep being used as a currency perpetually but the amount of XMR being exchanges just drops lower as the valuation rises. So in 10 years time the dark web will still be exchanging XMR but you'll just buy your substance for 0.002 XMR instead of 0.2XMR.

[Anonymous No.28400530]

>>28400414
kek

[Anonymous No.28400546]

>>28400172
Lol I see now, i kind of misread it.

I'm seriously considering XMR now.

[Anonymous No.28400708]

>>28400414

[Anonymous No.28401025]

>>28400546
>I'm seriously considering XMR now.
Don't. I'm just one anon on some anonymous imageboard. For all you know I could be bullshitting you. Do your own research and look into the actual purpose of Monero, I'd start with this video >>28396253

[Anonymous No.28402129]

>>28389773
Why is this lil nigga pooompin? I still need to acooooomulate and I wanted to use my stimmy check whenever that happens.

[Anonymous No.28403091]

>>28402129
Don't worry man the couple of dollars difference in value is barely going to matter when it's only going to go up in the long term.

[Anonymous No.28404007]

>>28403091
this didn't age too well lol. Anyway they are right that XMR will come out on top, might just take longer.

[Anonymous No.28404131]

>>28404007
brainlet
>>28403091
this guy is right, although I personally only buy after red candles, I found that to be a great strategy for long term positions

[LebAnon No.28404471]

>>28390890
based

[Anonymous No.28404510]

>>28404007
>this didn't age too well lol.

Its a ballpark timeline, and timelines are notoriously fickle. But their general reasoning is spot-on. Everybody else is so obsessed with institutional investors they forgot the shadow economy is worth TRILLIONS of USD and that its agents are starting to move into the crypto game.

Just a waiting game now.

[LebAnon No.28404683]

>>28391818
https://ccs.getmonero.org/proposals/monero-payment-option-tesla.html
did not know
>>28395081
an independent team implemented a proof of concept afaik, and atomic swaps for XMR officially are supposed to be done by Q4 I think

[LebAnon No.28404783]

>>28395848
THIS
XMR stands for what people think BTC is
and we're trult in the same shoes as getting BTC in 2012, even comfier

[LebAnon No.28404921]

>>28398336
truly
this isn't a get rich quick scheme
do your research anons, the vid anon shared is based as tits

[Anonymous No.28405012]

>>28389773
soon to be outlawed. Governments will come down hard on privacy coins, no way around it.

[Anonymous No.28405100]

>>28396253
XMR mining is best done on a CPU

With 250 XMR you could be making 30% on that everyday easy elsewhere, so you are losing out but XMR probably won't crash when everything else does

[Anonymous No.28405308]

Velofcity of money means it will be less valuable. Its why btc keeps going up as a store of value.

Also its agreed that monero has a hidden inflation bug.

[Anonymous No.28405317]

>>28405100
I'm buying XMR as a long-term investment and diversification away from my BTC/ETH/Chainlink positions. I know it's a slow steady growth, but that is exactly what I need. Especially as Monero is more stable in the long term than things like BTC or ETH which are more speculation based. Monero gets most of its value from people buying to to buy other shit with. That's real value growth, something I can't see other cryptos really claim yet.

[Anonymous No.28405474]

>>28405012
>governments will outlaw cryptography

[Anonymous No.28405530]

>>28405308
>Also its agreed that monero has a hidden inflation bug.
LMAO

[Anonymous No.28405778]

>>28405317
Makes sense.

For XMR mining, I'd recommend the program "xmr-rig" and mining pool "minexmr.com" but you probably know that.

With some of your Crypto gains you might want to start an in-home XMR mining setup after the bullrun. Since the coin mines best on CPU and CPUs are much more plentiful than GPUs it wouldn't be that difficult or expensive to setup.

[Anonymous No.28405815]

>>28405308
Really? Only person I've zeen say that is you when you post your bullshit fud in every monero thread.

[Anonymous No.28405936]

Glycine dreams showed me $30k xmr bros

What mean

[Anonymous No.28405985]

>>28405474
That's not what I said. Governments and the population use cryptography everyday. What governments will not allows is complete financial secrecy through privacy coins. It's a tax-evasion dream come true, a direct threat to a government's authority and sovereignty.

[Anonymous No.28406130]

>>28405778
This is what I've been looking for, thanks.
I guess setting up multiple rigs would just take the equipment + some 20-30 GPUs?

[Anonymous No.28406149]

>>28405012
>soon to be outlawed. Governments will come down hard on privacy coins, no way around it.

OH NOES!

[Anonymous No.28406285]

>>28406130
>the coin mines best on CPU

[Anonymous No.28406403]

>>28406285
I am a retard, I wanted to type CPUs but my brain fried.

[Anonymous No.28406520]

>>28406149
Drugs are outlawed in many places and people still use them, at their own risk. Obviously, they pay the consequences if they get caught. Same thing can be said about all things illegal. They don't go away, but the sure become risky to do, and the consequences expensive if caught. Same thing goes for privacy coins, you can use them but you will suffer the consequences if caught. In any case, what do you think will happen to the price of said coins once governments begin to ban them, one by one?

[Anonymous No.28406618]

>>28405985
And what the fuck are they gonna do about it

[Anonymous No.28406822]

>>28406403
For ultimate retard levels, you might want to setup some solar panels to power your rigs if possible.

[Anonymous No.28406945]

>>28405985
They can fuck off.

[Anonymous No.28407021]

>>28389773
My 2021 New Year's Resolution was to buy 1XMR a week until 2022.

[Anonymous No.28407038]

>>28406618
They will become illegal, how is that not obvious?

[Anonymous No.28407116]

>>28407038
Drugs have been illegal for 100 years yet they are still worth a lot of money and are easy to buy.

[Anonymous No.28407136]

>>28406822
Way too expensive and they attract too much attention.

[Anonymous No.28407160]

>>28406945
It still doesn't change that most likely of outcomes. Always contemplate all possibilities, no matter how unlikely, if not impossible. Even global pandemics can happen, sometimes.

[Anonymous No.28407269]

>>28405308
>Velofcity of money means it will be less valuable. Its why btc keeps going up as a store of value.

"Store of value" that keeps being blacklisted by the US Treasury with increasing regularity.

I'm sure that will inspire confidence in its long-term prospects lol


>Also its agreed that monero has a hidden inflation bug.

Baseless FUD.

You can verify the integrity of the supply by:

>Summing up all the coinbase outputs, which are unmasked (i.e. in the clear).
>Verifying the underlying cryptography (mathematics) of the confidential amounts implementation.
>Verifying the correctness of the implementation in the code.

Those essentially guarantee that the supply has not been maliciously inflated (i.e. unintended inflation has occurred). Note that a similar procedure has to be followed for transparent chains. Furthermore, a hypothetical inflation bug can go unnoticed even on a transparent chain.

https://www.coindesk.com/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret

[Anonymous No.28407287]

>>28405012
The real question you should ask yourself is if the outlawing of Monero will result in it crashing, or mooning. You can't just assume it's going to flatline because the entire point of cryptocurrency was to replace government mandated currency and to fight the establishment. Governments banning it could be seen as an endorsement. Especially in the long-term if you never go back to fiat but buy all your good and services with XMR directly anyway.

[Anonymous No.28407377]

>>28407116

this:
>>28406520

Perhpas in the long, long term provacy coins, like illegal drugs, might value up as they survive in the black market. But I'd expect their price to crash as they progressively become outlawed around the world and users begin dumping them while they still can.

[Anonymous No.28407546]

>>28406520
>In any case, what do you think will happen to the price of said coins once governments begin to ban them, one by one?

Demand + scarcity = higher price.

[Anonymous No.28407658]

>>28407287

here:
>>28407287

Is it really worth spending 10 years in jail just so you have those 1000 USD in XMR instead of some other stable coin? Come on... Get real.
Privacy coins will be used only for those things which people need ABSOLUTE privacy, where the risk is tremendous, i.e. illegal things. And yes, that includes tax evasion. That's breaking the law as well, whether you agree with it or not, just the facts of life.

[Anonymous No.28407857]

>>28407546

You fallacy is assuming the demand will remain the same as people might begin panic selling around the globe. Read my words, I'm using hypotheticals. Nothing is certain about the future. NOTHING. So don't assume your reasoning is correct, and mine might not be as well, but don't be foolish enough not to consider it.

[ɱ No.28407871]

hi

[Anonymous No.28407926]

>>28407658
>Privacy coins will be used only for those things which people need ABSOLUTE privacy, where the risk is tremendous, i.e. illegal things. And yes, that includes tax evasion. That's breaking the law as well, whether you agree with it or not, just the facts of life.

Black markets, tax evasion, money laundering to be exact. A multi-TRILLION dollar economy and XMR only needs a $184 billion market cap to be worth $10K.

[Anonymous No.28407954]

WHY THE FUCK IS MY KRAKEN WIRE TRANSFER TAKING SO GOD DAMN LONG I WANT TO FUCKING BUY HOLY SHIT

[Anonymous No.28407984]

>>28407658
Hiding information from the government isn't illegal. Not reporting your gains and paying up to the government is.

Just because something is more private doesn't inherently imply nefarious activity. You'll always have plausible deniability.

The government needs to give reasonable ground for banning something. At most what they can do is outlaw the exchange from monero into their own currency or making it illegal for exchanges to exchange monero.

[Anonymous No.28407989]

>>28407926
Thank you for reinforcing my point.

[Anonymous No.28408051]

>>28407954
EVERYONE STOP BUYING UNTIL I BUY FUCK YOU ALL

[Anonymous No.28408096]

>>28405100
The good thing about XMR is that it is guaranteed that will never crash to zero, it might not moon, but you will surely have gains in the long run. Whereas other coins might be not suitable for real world usage and you will end up empty handed.

[Anonymous No.28408109]

BROS
ATOMIC
SWAP
GAME OVER

[Anonymous No.28408178]

>>28407954
kraken has been a shitshow lately but so have all exchanges. With all these new people coming in to crypto the moon will be legendary

[Anonymous No.28408258]

>>28408178
>but so have all exchanges
lying on the internet like that, shame on you anon

[Anonymous No.28408302]

>>28408178
NO IT WONT SHUT THE HELL UP DELETE THREAD

[Anonymous No.28408313]

>>28408096
I just bought [redacted] grams of [redacted] using XMR, how fucked am I?

[Anonymous No.28408318]

>>28407984
>Hiding information from the government isn't illegal.

Depending on where you live, not reporting income information to your government is indeed illegal. In most countries it is so, actually.

And careful when you say "the goverment", there are over 200 "governments" on this planet, so I'm not sure which one it is that you're referring to. Not all of them need to obey the same rules you are assuming to be solid. Many can outlaw whatever it is that they want to outlaw, be it an exchange or an asset, like a cryptocurrency.

[Anonymous No.28408354]

>>28407989
A cryptocurrency actually having a usecase and actually being used to such a degree that governments are getting scared of it is hardly one of the worst thing to happen to a cryptoproject.

You're correct however assessing that it's a legitimate risk and uncertainty. In fact I am sure it's the main reason XMR hasn't mooned as hard yet. People are uncertain about its place in the world. Is it going to go down the dark path or will it be allowed.

[Anonymous No.28408591]

>>28407857
>You fallacy is assuming the demand will remain the same as people might begin panic selling around the globe.

Fallacy? I'm not assuming anything, I'm observing the lessons of history, specifically the Prohibition: if people *really* want or need something they'll pay through the nose to acquire it, regardless of its legal status.

And if XMR gets banned it'll be for being TOO effective, which if anything would actually encourage more adoption by criminal elements.

[Anonymous No.28408715]

The whole idea of cryptocurrency was to avoid centralized and government systems. Monero is one of the very few who can really do it

[Anonymous No.28408892]

>>28407038
you sound like the nocoiners from the early years of btc, you know that tax evasion is already illegal right? so there's no need to make additional laws, they'll just audit the people who they suspect of tax evasion.

[Anonymous No.28408897]

>>28408354
I have a theory that government is purposely suppressing the price to avoid widespread usage. But they will never kill it totally because it is too handy to have it. Reminder that governments are corrupt as fuck.

[Anonymous No.28409008]

>>28398688
crabbed up to $185
slow and steady wins the race

[Anonymous No.28409313]

>>28409008
>we crabb
>we come bacc
>we attac

[Anonymous No.28410246]

When smart contract?

[Anonymous No.28410360]

comfiest of holds

[Anonymous No.28410442]

>>28410246
>When smart contract?

Monero isn't trying to be a Swiss Army Knife.

[Anonymous No.28410603]

>>28410246
smart contracts will go on tari

[Anonymous No.28411860]

>>28408258
sorry anon might have overgeneralized things based on my experience

[Anonymous No.28411936]

>>28389773
when pedos are going down, the pedocoins fall aswell.

[Anonymous No.28412074]

What about Dusk Network?

[Anonymous No.28412763]

>>28411860
Wait you got my post? Like you know who this guy is or the exchange I was referencing?
..monero chads really are the smartest people on biz

[Anonymous No.28413340]

Comfiest hold in my life.

[Anonymous No.28413445]

>>28412763
150IQ required to hold XMR

[Anonymous No.28413463]

>>28410246
>he fell for the smart contracts meme
NGMI

[Anonymous No.28413513]

>>28389773
NEVER
SELLING
FUCK
NIGGERS

[Anonymous No.28413997]

>>28398688
yes it crabs because normies don't know yet
this is a good thing, it has actual value instead of hype. The hype will come when normies find out, then it's too late

[Anonymous No.28414039]

>>28408313
depends how much you take

[Anonymous No.28414188]

LET'S GO BOYS

[Anonymous No.28414616]

>>28398083
You have until June, check the charts.

[Anonymous No.28415306]

>>28391710
Too bad 'making money' isn't one of its uses

[Anonymous No.28415571]

>>28413513
didn't even read the title, absolutely based.

[Anonymous No.28415642]

>>28391571
XMR is literally the only coin with real-world use right now... all the dark net markets are switching to XMR only. Keep shilling poonjeet

[Anonymous No.28416067]

>>28389821
>buy high, sell low

[Anonymous No.28416348]

>>28393597
Steady growth is preferable to wild swings, anon.

[Anonymous No.28416489]

>>28415306
this guy doesn't know

[Anonymous No.28416507]

>>28413513
WORD

[Anonymous No.28416784]

>>28404007
I love the historical price prediction sites. Digibyte was supposed to hit 10k last year according to the Experts

[Anonymous No.28417110]

>>28404007
they got xrp right lol

xmr lives on tho. 38391% returns incoming

[Anonymous No.28417282]

Where do I buy this coin?

[Anonymous No.28417660]

>>28393597
Halvening guarantees that the mining community is in uproar every couple of years and it's not even sure that mining BTC will stay profitable after every halvening. If it stops being profitable will for-profit miners keep mining BTC?

Meanwhile Monero specifically restricted ASIC and GPU mining so that the miners would be decentralized on purpose to prevent for-profit mining to become the standard vs community mining.

Last but not least the block rewards will eventually stop for BTC making mining completely unviable in 2140. After 2140 BTC basically stops existing. XMR recognized this and after all standard block rewards are mined it will permanently award 0.6XMR for every block in perpetuity to ensure there will always be miners in the future so that the currency keeps existing.

Sure 2140 is a long time away but people are going to anticipate that when investing as people invest into cryptocurrency for its long term valuation. Monero is actually used, will kept being mined permanently, is truly decentralized due to being CPU mining based, Has an opaque public ledger, is untraceable and truly private (as government agencies have proven with bounties trying to take Monero down, which they didn't succeed at so far, raising the bounty higher and higher as they panick).

[Anonymous No.28417811]

>>28416489
I actually shouldn't complain.. I bought monero back when it was around 12 bucks and still hold an unknown amount. It just sucks a bit watching it slip down the rankings. Fundamentally its rock solid but fundamentals aren't worth much in clown world. My comment was more bitterness than snark

[Anonymous No.28417822]

>>28417282
kraken, binance

[Anonymous No.28417829]

Can you guys give me some hopium :( Feeling some pain starting at the btc chart right now

[Anonymous No.28418018]

>>28416784
>Digibyte was supposed to hit 10k last year according to the Experts

Not all "experts" are created equal. And not all predictions are founded in good reasoning.

The Satis Group projection might be off on their ballpark timeline but their estimation that criminal adoption will be the primary driver of XMR price in future is spot-on, which suggests they'll be right in the long-run.

As mentioned, black markets, tax evasion and money laundering are the Big 3 fin-crime sectors Monero is set to dominate. As long as it continues being the best privacy protocol around it will prove a very lucrative investment with time.

[Anonymous No.28418282]

>>28417829

At some point, someone will, consciously or not, make the trade that wakes up Bobo, and the crash will begin. That's when CRAB KING MONERO will return to the surface.

SNIBBEDY SNAB :DDDD

[Anonymous No.28418665]

>>28408318
>Depending on where you live, not reporting income information to your government is indeed illegal. In most countries it is so, actually.
That's exactly what he said

[Anonymous No.28418940]

Probably what I'm most worried about is the worst of both worlds... XMR goes to a million dollars but it's way too hot to get rid of. So I end up with the crypto equivalent of a giant bag of cocaine under the bed. Sure the government cant track it but how would I ever find a legit buyer

[Anonymous No.28419119]

>>28418940
I'm just a noob but afaik atomic swaps would solve this. Correct me if I'm wrong

[Anonymous No.28419339]

>>28417822
Do you know what is the best coin to buy to trade for monero? Binance doesn t let me buy xmr directly

[Anonymous No.28419353]

>>28418940
check out localmonero

[Anonymous No.28419423]

>>28419119
>Probably what I'm most worried about is the worst of both worlds... XMR goes to a million dollars but it's way too hot to get rid of. So I end up with the crypto equivalent of a giant bag of cocaine under the bed. Sure the government cant track it but how would I ever find a legit buyer
This is correct

[Anonymous No.28419458]

>>28418940
>XMR goes to a million dollars but it's way too hot to get rid of. So I end up with the crypto equivalent of a giant bag of cocaine under the bed. Sure the government cant track it but how would I ever find a legit buyer

You'd just gradually atomically swap it into BTC/LTC/whatever in smaller increments and cash out on any exchange.

[Anonymous No.28419519]

>>28419353
Localmonero wouldn't be an option surely if the govt decided to make XMR illegal to hold or trade

[Anonymous No.28419597]

>>28419458
>You'd just gradually atomically swap it into BTC/LTC/whatever in smaller increments and cash out on any exchange.
All vendors in the future will give discount for purchased in XMR. No need to convert to btc. wink winkn

[Anonymous No.28420009]

>>28414188
Change it to investors

[Anonymous No.28420260]

>>28413513

XMR is what the btc noobs think what btc is

[Anonymous No.28420364]

>>28419423
> Sure the government cant track it but how would I ever find a legit buyer
spend it, don't go through fiat. People won't be moving to and from fiat, they will stay in crypto. This is when monero takes over

[Anonymous No.28420500]

>>28405100
>maintaining a 30% DAILY gain on $45,000
brother i don't think theres that much liquidity

[Anonymous No.28420555]

>>28389773
Not as scalable as link

[Anonymous No.28420866]

>>28407954
fuck kraken. uphold to hotbit to GUI. done.

[Anonymous No.28421491]

>>28389773
Friend is selling me his XMR, I feel bad. Oh well.

[Anonymous No.28421705]

>>28396253
>Watch video
>Go to price prediction section
>Monero by the end of the century will be $3100
Why should I waste my money on this? I'm gonna be dead by that point and the fact that XMR is not gonna have big value like BTC or ETH is a big concern. Investing in index funds sounds way more reasonable than XMR.

[Anonymous No.28421885]

>>28389773

monero works. the blockchain surveilence companies won't even acknowledge it

[Anonymous No.28422112]

>>28405100
>you could be making 30%
more like 10x daily in my case

[Anonymous No.28422164]

>>28421705
anon, that's based on TODAY's price and 2120 amount of coins

[Anonymous No.28422188]

>>28421885
Hahahahahahaha holy shit

[Anonymous No.28422415]

>>28421885
kek, god bless nicolas van saberhagen

[LebAnon No.28422623]

>>28422415
indeed
>>28421885
fucking kek

[Anonymous No.28423053]

>>28421885
>he doesnt know

[Anonymous No.28423752]

>>28421705
He's saying that at 2020-08-08 prices (barely $100 per xmr), one millionth (barely 34 xmr) of the 2120 total xmr supply (barely 34 million xmr) would be $3120.

[Anonymous No.28424281]

>>28423752
(and the point is that talk about Monero's inflation doesn't hold much weight because even a hundred years from now the supply wouldn't be too big: an investor with a fairly modest amount of money could secure a millionth of the 2120 supply even today)

[Anonymous No.28425115]

Are any of the older obsolete mining rigs able to mine Monero? I know devs took some steps a few years ago to keep ASICs out of Monero.

[Anonymous No.28426189]

>>28418940
monero's price is based off it's utility, unlike other speculative shitcoins. it would be nowhere near $1,000,000 if it were hard to get rid of. that is, excluding the potential of your local government being tyrannical and fucking you over, though that wouldn't be a problem for the network

[Anonymous No.28426312]

>>28425115
Today mining is only profitable on CPUs.
Ryzen CPUs offer the highest efficiency.

[Anonymous No.28426400]

>>28425115
the deltas and epsiolons, bred for specific work are no longer viable in the age of rx/0

[Anonymous No.28426450]

[Anonymous No.28426531]

oh look, xmr pumped.
I but it's just going to retrace hard like it always does.
Maybe it's just destined to be a 150 stable coin.

[Anonymous No.28426687]

>>28415642
where do I find these dark markets
I'd like to try buying stuff like hacked streaming subscriptions with my coins

[Anonymous No.28426700]

>>28426531
Kill yourself glownigger

[Anonymous No.28426724]

>>28389821
good goy, sell your freedom for the public ledger that we've put billions into tracing
>only real motherfuckers who bought btc in 2014-2015 will buy monero right now
>everyone else will buy grayscale's bags

[Anonymous No.28427139]

>>28393597
>Without massive volatility, you also can't have massive growth.
>You NEED the volatility
>it's a serious error. Monero won't naturally explode in the same way Bitcoin did/does, which is very bad for its long term survival.
okay you've said it's bad multiple times - now can you explain why?
Furthermore, see the data in this image: >>28426724
it seems to me not only is it cheaper to have privacy, more and more people are actually using monero relative to bitcoin.
so again, can you elaborate on why such a predictable all-at-once halving is required as opposed to a predictable tail-emission?

[Anonymous No.28427548]

>>28396499
Definitely. Xmr is what I feel most safe in. I actually sold most of my btc and bought monero recently. I think it’s good to have some other top coins but I don’t believe in the other projects the same way I do with monero

[Anonymous No.28427719]

>>28426700
>not an argument
Also, pretty retarded.
Are you lost, and looking for /pol?
Do you even know what a glownigger is?

[Anonymous No.28428022]

>>28427719
Where's your argument? Why do you write /pol instead of /pol/? Are you a newfag?

[Anonymous No.28428251]

>>28421885
*inhales*
hahahahahahahahahahhahahahahahahahahhahahahahahahahahahahahahahahahahahahahahaha

[Anonymous No.28428383]

>>28426531
>i'm a spineless faggot who sells my freedom when the market makers tell me to
just remember me when you wake up in a crypto landscape where you can't even move any of your holdings without triggering a taxable event, okay sweaty?

[Anonymous No.28428519]

>>28428022
Oh that's clever. Here let me try too:
Where is your argument?

[Anonymous No.28428549]

>>28389773
>tfw buy AVAX at an average of $15, sell at $53
>split three ways into XMR, XLM, RLC

feels good to be home. XMR is the real dark horse of this market. Atomic swaps will be a game changer.

[Anonymous No.28428749]

>>28428519
I'm just pointing out your hypocrisy... Also, why do you write /pol instead of /pol/? Could it otherwise be that you're a glownigger?

[Anonymous No.28429393]

>>28405778
It’s actually called xmrig https://github.com/xmrig/xmrig

Also it’s best to use a smaller pool instead of one of the larger ones. Smaller pools help distribute the hash rates and decentralize the network instead of concentrating them.

[Anonymous No.28429441]

>>28428749
What hypocrisy?
I made a statement. He attacked me instead of the statement, as if he wanted to argue.
You seem to lack reading comprehension.
Also, I don't think you even know what a glownigger is.
Maybe /pol could help you.

[Anonymous No.28429687]

>>28429441
>I made a statement. He answered with an imperative.
Fixed for you, retard.

[Anonymous No.28429787]

>>28429441
Lmfao (((they))) are so scared.
Kill yourself glow nigger

[Anonymous No.28429818]

>>28427719
>ATF gets BTFO
ya love to see it

[Anonymous No.28430119]

>>28429687
>>28429787
sure buddy, whatever you say.
be sure to post on more vpns
>>28429818
Waco is my favorite one. Fucking tards thought they could storm through the roof and got lit up.

[Anonymous No.28430452]

>>28420364
Would you be willing to purchase something small with monero if you could risk getting arrested? That means you could only purchase things off the dark web. Actually, it would be cool to buy normal legal items off the dark web as a way to evade government tyranny.

[Anonymous No.28431357]

>>28430452
>Would you be willing to purchase something small with monero if you could risk getting arrested? That means you could only purchase things off the dark web. Actually, it would be cool to buy normal legal items off the dark web as a way to evade government tyranny.
people are willing to purchase small amounts of illegal things with fiat currencies all across the globe with the risk of getting arrested.
when a heroin dealer gets busted with 10k cash, the USD is not criticized. when a bank(exchange) is robbed, the USD is not criticized, the bank's security policies are.
monero is true, free, sound money. you can either sell to grayscale or buy from them next year.
up to you.

[Anonymous No.28432710]

>>28418940
The point is you never sell it you just buy everything with XMR including your house and car so that they can avoid paying taxes as well.

[Anonymous No.28432893]

>>28431357
Yeah, makes sense I guess. Just trying to imagine very clearly how things would work and what the world would look like. For example: meet someone on Craigslist to buy gym equipment, and then you say hey, how about I send you some of this illegal crypto currency instead of fiat? Yeah it’s a dumb example but just trying to visualize how interactions would take place. I’m sure I’m not looking at this with the full picture.

Also no need to convince me on monero, been a supporter for a long time, it’s my largest hold and comfiest coin. I just
doubled my stack recently too and I mine to support the network.

[Anonymous No.28433015]

>>28411936

>when pedos are going down

never

[Anonymous No.28433128]

I don't live in a shithole so I am not worried about my government making my ones and zeros illegal.

[Anonymous No.28433374]

>>28420555
Link is a decentralized application. Monero is money.

Thats like comparing gold to a laptop. Completely different things.

[Anonymous No.28433481]

>>28421705

Literal retard.

[Anonymous No.28433690]

>>28420555
>link
babby's first bull run

[Anonymous No.28433843]

>>28421705
You're either an expert level troll that is very believable or a midwit.

The $3100 was to show how little impact inflation would have in XMR if divided the current market cap over all coins in existence in 2120. In 2120 1/1,000,000th of XMR would be $3100 at current prices. Showing that inflation would barely impact valuation but would still result in miners always mining monero for financial gain which keeps the coin viable forever unlike BTC which by definition stops being a thing after 2140 and maybe even earlier when halvening makes mining unprofitable.

[Anonymous No.28433967]

>>28425115
Buy a ryzen 16 core CPU instead

[Anonymous No.28434220]

>>28426687
dark.fail .onion websites on tor. don't be a retard though.

[Anonymous No.28435642]

I baught an Incognito node with the $600 gov money. Now I get PRV every once in awhile that I convert to Monero.

[Anonymous No.28437266]

it has dipped slightly, in case anyone wants to buy.

[Anonymous No.28437462]

>>28437266
>dipped slightly
>4 dollars

[Anonymous No.28437833]

>>28437462
well, i said slightly

[Anonymous No.28439045]

Wownero has infinite more upside than this shitcoin

[Anonymous No.28439258]

>>28439045
Seems like knockoff trash that might pump a few hundred percent before leaving /biz/ bagholders

[Anonymous No.28439570]

>>28439258
https://wownero.org/

It's a joke scroll down.

[Anonymous No.28439615]

>>28439045
>more upside
It's upside down, I give yout that

[Anonymous No.28439671]

>>28389773
>stop buying shit coins and start buying quality currencies like PirateChain
FTFY

[Anonymous No.28440013]

>>28439570
Would slap a hundred on it if I could

>>28439671
Join the suter samurai ranks if you're going for something other than xmr

[Anonymous No.28440136]

>>28389773
Funny enough DASH is the one that is actually creepy up, :)

[Anonymous No.28440450]

>>28440136
Join the suter samurai ranks if you're going for something other than xmr

[Anonymous No.28440540]

imagine wasting your life shilling a shitty fake privacy coin like wownero or dash. There's only one privacy coin. XMR BABY

[Anonymous No.28441239]

>>28440136
dash isn't even a privacy coin according to their devs, so idk why you're brining it up in this thread

[Anonymous No.28441670]

Piece of shit crabcoin, it’s not going anywhere
Enjoy the bullrun and get monero once we enter the bear market again

[Anonymous No.28441906]

>>28441670
Nope i'm accumulating now because it's cheap a little bit of btc is a shitton of monero and you KNOW it's going to dominate next bear market and beyond

[Anonymous No.28442335]

muh defi & yields

[LebAnon No.28442342]

>>28441906
this guy fucks

[Anonymous No.28442388]

>>28441906
>you KNOW it's going to dominate next bear market and beyond
I agree, XMR has a very promising future, but I would rather bet on shitcoins now so I have more money for monero next year

[Anonymous No.28442684]

>>28442388
Nobody's stopping you, faggot.

[Anonymous No.28443904]

Bitch I got that algo

[Anonymous No.28443989]

>>28389773
how to buy btc with xmr?

[Anonymous No.28444572]

>>28440540
Wownero is to Monero as Doge is to Litecoin. Dash is an unironic shitcoin where as Wownero is an ironic shitcoin.