gm. Monero is going up while no one knows about it, it's delisted from all exchanges and is not a "good investment" :cozy:
Discussion
Now denominate in BTC. Down 40% over past year.
Sure. If BTC would have been delisted from ALL CEX what would have been the result? It holds its value incredibly well against despite all the opposition by governments, CEX and surveillance capitalism.
Monero is even up against ETH despite its delistings.
If nobody can sell, it would have been very flat on dollar terms, aka, losing purchasing value like Monero.
You have a lot to learn. Monero users are not investors like Bitcoiners. Monero users use Monero for payments and to to gain more fiat LUL
Preserving purchasing power is the single most important aspect of a sound money and the only savior of global families.
Buying a VPN or web hosting privately isn't in the top 50.
And as I have shown, Monero tx, NOT including lightning network are 8% of Bitcoin tx daily.
In fact, I'd be willing to bet lightning is very close to on par with volume to Monero daily. Zaps alone are almost 10% of xmr daily volume, and I bet zaps aren't 10% of LN daily tx.
Monero TX are mostly TX for payments where Bitcoin TX are mostly investors. There is a big difference. Lightning is nearly nine existent in general. You can find more store that accept Monero as Lightning. You compare sending Zaps with real payments? Really? And most of the Zappi de zap is custodial.
The most important thing is a payment which you can do in a private way. They track everything in BTC and they stop payments now, block funds etc. So Bitcoin runs in a dead end.
And by the way. I'm in Bitcoin since 2013, using it on daily basis and earn no fiat money, hold no fiat money.. Just to clear the fronts here.
You have no idea. You just made that up. They are private. They could be all swaps in and out of Bitcoin.
They could also be the same 1000 people sending xmr back and forth in small amounts to make it seem like people are actually using it.
Show me a ledger of transactions and amounts and maybe prove your thesis. Oh wait ...
I let you in your believe.
I apologize, I only speak proper English.
What does that mean?
great day to make the case for all the people using Bitcoin to transact
Lately I had many problems with tainted btc.
You are not preserving your purchasing power with transparent and tracked assets. They will be taken from you by the state if deemed necessary.
So BTC is an utopian dream that works best in good times.
Monero is a hedge in dystopian or chaotic times that even works against adversarial governments, corporations or AI.
Get a display name.
Lol now denominate BTC in DOGE. Down 40% over the past year. https://www.tradingview.com/chart/?symbol=COINBASE%3ABTCUSD%2FCOINBASE%3ADOGEUSD
Never go full retard.
DOGE clearly the best savings vehicle over the past year!
I mean if we are talking shitcoins, not even close. XRP beats DOGE by like 50%
good point I forgot XRP, but the DOGE chart looks better and is all time positive versus BTC, not just one year, and still trending upwards so all indications point to it being the best reserve asset
hard truth
none of those charts are "denominated in" the asset. they're all USD prices.
so the charts primarily show the relative investor interest over time.
which is a useful data point
but I dunno I'm gonna plan my savings around what Wall street and VC investors think is hot.
Uh, no. It has a terrible chart against BTC. Like all shitcoins, it peaks, then slowly trends towards zero. Only very early adopters are up. The vast majority of doge holders came in 2021. They are all now way underwater
It's all Elon hype. Once he and Trump break up in the next few months, it will continue down against BTC over the next 20 years as it becomes irrelevant.
It very possible will never hit it's all time high again. It is down 75% currently.
Can people trade and make more Bitcoin? Sure. But it's just gambling, nothing more. Not for me, no thanks.
From 2014 -> 2025, you would be up on your DOGE investment. That is a 11 year thesis
Yes. Except nobody did not is anymore.
What it is with you folks in this thread's lack of reading comprehension?
I just said quite clearly the vast majority of doge holders came in during the 2021 hype, the Elon mess on SNL, etc... hence the massive spike. Most got caught and dumped on.
It will continue to trend down as it has.
I would be some Bitcoin that the majority of doge holders who bought in 2014, sold it before 2021, lost it, or sold it during 2021's crazy run.
XRP is the first and biggest shitcoin of all. It's a thing both Bitcoiners and Monero Bros can agree.
So what good is a store of value when fiat cantillionaires can just pump NFC (non fungible coins) to reach imaginary valuations that are not based on any fundamentals.
One thing us for sure. This never happened to Monero which makes it the safest bet in the space.
Monero has been making a steady drop against Bitcoin for almost a decade, lol. It is done 40% this year and 90% all time. Good luck with that.
The reason it is flat or just a bit up is literally because nobody knows or can sell it. It has a lack of liquidity. That's not a good thing. It means at any given time, if it were to be relisted on larger exchanges, like coinbase for instance, it could have major drops.
Instead, the largest exchange is kucoin, 😂. Less than 30 million traded, and overall is zero for USD or GBP or Yen or Yuan.
So the mini ecosystem is just holders and intertraders. That is 100% opposite of the situation you want for a sound money.
Oh, and GM!
Kicking out regulators and custodians is 100% the situation you want for cypherpunk money. Plus it goes up in value, so what's the downside again?
You didn't kick out regulators and custodians, they dropped you. Good lord Monero boys are a dense group.
Monero will never be money used globally. Never.
Real people, companies, and corporations will not take it for manufacturing, oil, minerals, space flights, wholesale wood, pork bellied, etc...
Banks will not create financial products, loans, insurance using Monero. There will be no local banks enough masse that will create savings accounts for Monero, there will be no major inheritance products designed to distrobute to kin, and on.
There will be nonproperty tax paid in Monero.
There will be no bonds issues in Monero at city, county, or federal levels.
Economic zones and countries in their global trade will not be done in xmr, ever.
I could give 2 shits some darkweb and random places accept it. I am talking about the real world. I am talking about paying the power company, you muniple trash bill, taxes, everything that actually gets transacted daily.
If your thesis is that governments will cease to collect taxes or that they will allow you to pay in a currency that has no auditable and provable ledger to make sure the money didn't come from drugs, China, whatever, you are out of your fucking mind.
Bitcoin has the best chance, but I am not sold it can do it either. But there is a 100% chance Monero does not become a globally accepted currency
I am sorry you invested in a cryptocurrency that didn't and won't get adopted, that sucks. But let's not play childish pretend games.
Bitcoin has lost its ethos. Its more and more monitored as more govs buy it. They wouldn't invest billions of fiat shitcoin if they couldn't watch everything very closefully. They stop now your transactions, block you funds etc. Congrats to that development.
And no one use Monero? 😂
Oh wow. You got me. 98% of VPN services are paid in fiat. Does that mean fiat is better?
Oh, that one is good. Where exactly have I heard the same arguments before?
Well, it was Bitcoin at the very beginning. But chances are you have detected it only a decade later. So you will never understand how Bitcoin felt back then for early backers and users.
Hint: The only thing that reminds me of that time is Monero.
Get a display name.
Do you guys still use the BTCXMR chart which is absolute crap since 2017? Monero users change their fiat shitcoins for Monero. This was different before 2017 because Bitcoin was the entry coin 😉
Monero is used as P2P money. And it's growing everywhere. Nearly everyone who takes privacy serious use Monero now. No one wants to end up with tainted coins or blocked funds.