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/biz/ - Business & Finance

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30026432 No.30026432 [Reply] [Original]

Is it possible for this coin to reach $25,000?

>> No.30026455

No

>> No.30026475

Possible but highly unlikely

>> No.30026499

>>30026432

Idk anon infinity divided by what is $25k?

>> No.30026517

It serves its purpose regardless of price so idk

>> No.30026541
File: 63 KB, 957x500, 1608041674265.jpg [View same] [iqdb] [saucenao] [google]
30026541

>>30026432
inevitable

>> No.30026579

I signed up for binance (Australia) and got hit ith a "You cant buy XMR in Australia" bullshit.

>> No.30026619

>>30026475
Probably could have said the same thing about BTC at $230 and felt correct about saying that. Why do you think it's unlikely?

>> No.30026650

>>30026432
Long term, easily.
This bull run? Probably not.
But Monero should hold it's value very well in the post bull run dump, and I expect it to weather the eventual bear market wonderfully.

>> No.30026684

>>30026579
you can, it's not illegal (despite being delisted), just use a P2P service; that's the best way to go anyways.

>> No.30026705

>>30026432
Maybe in 5-10 years

>> No.30026724

>>30026619
There's more coins that have failed than have stuck around.

>> No.30026862

Can it hit 500-600 this run?

>> No.30026889

It does serve its purpose but I can’t see how it rises that high considering that most exchanges don’t want to touch it because of its illegal undertone

>> No.30026899 [DELETED] 

folks I'm ready today.

So -5%, bought top 3 during yesterday's lowest dips..

>stubid investment and trading for whole day
>tax
>low volatility

only one point saves my money - yield farming and lp staking on YVS Finance. Look at it if you don’t wanna risk

>> No.30026921

>>30026650
it didn't the last time though, it's still down -90% on the btc ratio and 60% in USD. I don't think it'll hit that this bull run either. I thought it might be able to a little while ago but sentiment is still too bearish and people would rather buy vaporware shitcoins.

>> No.30026935

>>30026432
Not impossible, but definitely not this year. Either way I do think it'll be one of the only coins in the top 100 still around in 2030.

>> No.30027029

>>30026921
It didn't have nearly as much adoption in 2018

>> No.30027235

>>30026921
What are some vaporware shitcoins, so I can avoid them? I'm still new to this shit.

>> No.30027333

>>30027235
Anything that you’ve never heard of and is only shilled on /biz/ should be avoided at all costs

>> No.30027390

>>30027333
Gotcha, thanks man.

>> No.30027426

damn that coin looks nice

>> No.30027495

>>30027333
checked, honestly imo everything except btc and xmr, ltc is cool since it's like a btc testnet.

>> No.30027496

>>30027333
So XMR?

>> No.30027497

>>30026921
I don't understand why XMR's bitcoin ratio being down the shitter is such a big talking point of fud. Bitcoin is literally in the mass adoption stage by institutions right now, so it's fucking going parabolic. Of course the BTC ratio is suffering. Most coins are down between 70% and 90% from their all-time highs on the BTC ratio.

>> No.30027541

>>30027496
if you've never heard of xmr that just means you're new

>> No.30027601
File: 361 KB, 858x725, 1b3u4s8toae11.png [View same] [iqdb] [saucenao] [google]
30027601

HOW DO I BUY THIS IN AUSTRALIA

>> No.30027645

>>30027495
Should I get some XMR? I tried mining for it but it wasn't worth mining in the end with my rig.

>> No.30027684

>>30026432
They would have to get on coinbase first.

>> No.30027738

>>30026517
this

>> No.30027742

>>30027601
Kucoin, you can withdraw up to 5BTC in value without KYC. Or localmonero but you'll pay ~15-20$ above the market to get your coin

>> No.30027859

>>30026619
Unlimited supply basically prevents the price from going up too much
There's also not much adoption by normalfags because the fact that it provides total privacy is used as a source of FUD i.e. "only criminals would want untraceable money" and things like that
Eventually it will rise bigly, but it will take years

>> No.30027890

>>30027601
BTC then Binance, can avoid KYC if you accept 2 BTC per day withdrawal limit.

>> No.30027902

>>30027859
Supply is not unlimited. Monero has a mechanism called tail emission that will replace dead coins that get stuck in abandoned addresses, however.

>> No.30027947

>>30027859
>he doesn't understand tail emissions

>> No.30027952

>>30026432

No but it will reach 800 by august

>> No.30027955

>>30026432
25k only implies a market cap of 300 billion - not a fantasy considering how significant the industry that uses it is

>> No.30027958

>>30026432
no

>> No.30027998
File: 22 KB, 349x305, sweat.jpg [View same] [iqdb] [saucenao] [google]
30027998

>>30027902
>store coins in buried cache for 5 years
>come back to them
>"Soooowweeeee these hab expiowed :(((("
Why the fuck would I hold a currency I have to pet every 2 weeks or it fucking runs away

>> No.30028046

>>30026432
What's it made of and how much does it weigh?

>> No.30028088

Privacy will become the greatest luxury of the coming decade.
Buy low while you can.

>> No.30028123
File: 354 KB, 1928x1240, 1614548730920.png [View same] [iqdb] [saucenao] [google]
30028123

Make you stacks now while you can

>> No.30028190

People are doing good trying not to buy it over 230

>> No.30028208

>>30027998
It is a fucking currency jackass.
It's meant to be used.
it's not a speculative asset

>> No.30028277
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30028277

>>30027998
>>"Soooowweeeee these hab expiowed :(((("
what? are newfags really too retarded to do their own research?

>> No.30028301

>>30027998
Of course it expires if you don't use it
That's what the X stands for in XMR
eXpiring MoneRo
This isn't some moonboy gimmick token, this is a serious currency that's mean to be used.

>> No.30028362

>>30028301

Whats the time limit 5 years inactive?

>> No.30028405

>>30027859
No the lack of adoption is due to a total shit garbage wallet that gets flagged by all anti virus and crashes regularly. Not to mention 2 weeks to update the node. Entry level is not for the faint of heart. A reddit fag would find it too challenging and give up,

>> No.30028522

>>30027601
Wait for atomic swap

>> No.30028649

>>30028522
When that happens price will equalize with bitcoin

>> No.30028662
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30028662

>>30026579
LTC - XMR

>> No.30028677

>>30028301
Schizo level of fud

>> No.30028725

>>30026862
Nah

>> No.30028787

>>30028662
does this even really matter if you start off with a one time spawned bitcoin wallet from an ATM?

>> No.30028857
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30028857

>>30026889
imagine what will happen when bitcoin ends up like that

>> No.30028882

>>30026432
In the March 2020 crash XMR lost ~2/3 of its value and BTC lost ~1/5 its value.

In the Dec 2020 to present bull run XMR gained less than 2x and BTC gained ~2.6x.

So when risk is on BTC is better and when risk is off BTC is better.

I really like XMR, but it seems to underperform as an investment.

>> No.30029121

>>30028882
In performed pretty well in September and October when most coins were going nowhere.

Also adjusted for actually available and liquid market cap its probably one of the biggest coins out there. Others might print higher caps but they have big whales holding most of the supply.

>> No.30029195

>>30026432
on its way to $250k, yes.

>> No.30029252

>>30000000

>> No.30029345
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30029345

no but this one does.

>> No.30029460
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30029460

Try not to put all your hopes into it. Dyor on dHEDGE if you're looking for a coin with cause :)

>> No.30029512

>>30026579
based binan

>> No.30029558

>>30026862
yes

It will go to about 12k at it’s peak

>> No.30029606
File: 226 KB, 2216x848, k5jr70ctkei61.png [View same] [iqdb] [saucenao] [google]
30029606

"Proof-of-work is essentially one-CPU-one-vote" - Satoshi Nakamoto

I wonder what did he mean by this? Did he want mining to be done by chink ASIC cartels that cost $6,000 each?

>> No.30029780

Darknet market is a sinking industry

>> No.30029781

>>30027902
>>30027998
wait what? so if I send some monero in hardware wallet and don't touch it for 5 years funds will be lost? wtf?

>> No.30029915

>>30026579
localmonero

>> No.30029954

>>30027601
localmonero

>> No.30029980

>>30028787
THIS THERE ARE ATMS NOT EVEN 2KM AWAY FROM ME DOWNTOWN I GOTTA VISIT THAT SHIT TOMORROW MORNING, GETTING EI SO THIS SHOULD BE INTERESTING

>> No.30030527

probably if you can teach the niggers on dnm.