Now denominate in BTC. Down 40% over past year.
Discussion
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.