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Monero first broke $100 a token in 2016 and was roughly ₿0.1. 9 years later and the value is $200 and it's worth ₿0.0026.

Losing 97.4% of its Bitcoin value over 9 years.

Also since the dollar loses about 50% of it's value in 10 years, effectively Monero just avoids dollar debasement but doesn't meaningfully grow in any way.

For every $1000 you've held in Monero from 2016 that grew to $2000, you've lost 97.4% of the potential growth or about $75,000. Is losing $75,000 of growth worth the privacy gains of more effectively hiding your $1000? At that point you're robbing yourself friend.

Bitcoin grows 110% a year if you only track bottoms and adjust for major macro events that drop the trend line. With the value more than doubling every year I can easily and regularly split the value into multiple wallets which I might expect to lose access to by chance and perhaps regain access to in the future. Perceived greater privacy is not worth the loss of the greater benefit of exponentially growing savings which can be gifted to others and moved around into various wallets easily.

Bitcoin is the only coin worth holding.

ede3d957... 9mo ago

Thanks for bringing some perspective to the e tablre I have been missing to mention.

Monero now is close to 100% self-custofial which will pay off when we enter the fractional reserved Bitcoin era.

Monero has seen extreme price suppression for years. Do some research.

It has seen a great loss of liquidity since almost all exchanges delisted it.

All that and it still outperforms the #1 store of value - for the majority of people - USD.

Besides that you can own both Bitcoin and Monero or even trade favourably. Now is the time to exit Bitcoin and go into Monero back in 2018 it was the other way round. Trade the huge market cycles like the smart man you suggest to be.

Privacy through encryption is the only thing that protects you from AI surveillance.

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Discussion

TheBitcoinBattery 9mo ago

Monero's monetary policy doesn't drive value growth of the underlying token like Bitcoin does.

The equation for value:

Time Value * Energy Value = Total Value

The more time and energy something costs to create, the more value it contains.

Bitcoin's issuance policy simply doubles the time required to create a Bitcoin every 4 years, the market typically doesn't value twice as much overnight however. Often the energy drops a bit to compensate before it recovers (we see this with hashrate changes around the halvings). This doubling of the time value with virtually unchanged energy value doubles the outputs total value. This is a principle driver that drives Bitcoin higher over time, and attracts greater relative investment than anything else on earth over time.

Monero's monetary policy dictates a flat permanent tail emission of 0.3 Monero a minute. It's never revalued against time, and doesn't attract the same level of interest or investment as a result. Monero will never replace Bitcoin. The economics make it impossible.