You made me check the all time chart...
Discussion
fiat price charts primarily measure *speculative interest.*
"cantillionaires aren't pumping your bags" isn't an own.
not that its a *completely* useless metric,
but if you're actually interested in freedom go up
it's not the primary one.
I was taling about xmr/btc
xmr/btc is fiat chart denominated in US dollars
all trading pairs follow the relative USD denominated price of each asset.
any deviation is a arbitrage opportunity and a million traders jump in it for low friction fiat.
there will be no real Bitcoin denominated prices under a fiat UoA.
because *thats what prices are set in*
The Bisq XMR/BTC is BTC dominated since you don't have XMR/fiat on Bisq and XMR/BTC is the most active market on Bisq.
yeah the way we're going to actually disintermediate fiat is three decentralized direct swaps.
and small communities transacting directly among each other in their preferred money.
bisq is a good example.
because of the higher friction, the spreads are larger.
if there was less friction, people would take advantage of the arbitrage opportunity and the prices would follow the centralized markets closer.
what's funny is XMR has been appreciating versus BTC ever since november 15th, about the same date when BTC broke 90k USD for the first time
Imagine having a digital gold, getting Trump elected and in support of BTC, it is also being pushed for global strategic reserve everywhere, hoarded in the billions by corporations like MSTR, governments like El Salvador, and in the same timeframe all of this is happening, it's going down to a niche dark web coin that is delisted from all exchanges :kek:
To be clear I don't expect it to always perform this well but every day XMR makes a new high is a welcome surprise and it makes a government to start dying slowly somewhere
I wish it were that simple. It only shows relative interest over time.
Monero went through heavy fractional reserving from 2019-2023 and through delistings from ALL major exchanges 2022-2024.
This alone might explain past performance worse than most shitcoins.
But CEX delistings served in three ways.
Increasing privacy
Increasing self-custody to nearly 100% (no more fractional reserves)
Increasing demand for P2P and DEX
Ironically this is what is needed to decouple from cantillionare price manipulators.