Traders and investors in fundamentals are recommended to look at Monero:
XMRETH (full recovery since Binance, Kraken, OKX delisting)
XMRUSD (consolidation aiming for $250+ in February)
XMRBTC (Adam and Eve bottom formation)
Those who understand markets want to be positioned in XMR. A strong move is expected.
First they came for Monero, which you were able to buy without KYC. Now they are going fully custodial without you being able to deposit or withdraw. How are you going to prove they are not running fractional reserves?
We've never been further from our former ideals. Cryptocurrencies have lost their meaning as a tool for liberation as well as an speculative investment. It's now fully captured by old and manipulative financial forces.
In most cases it may be even better to use established fiat systems than using any of those crippled Bitcoin services.
Starting from December 30th you can now enjoy EU regulation at work. Getting rid of the one feature that makes cryptocurrency, currency in the first place. Its transactional capacity.
The capture of Bitcoin and other transparent cryptocurrencies is almost perfect(ed).
From a chart perspective, Monero bull market will be brutal when it hits.
With no exchanges left to short and little liquidity available it will only know one direction for years.
All but Monero? Pretending that Monero doesn't exist?
Or have they found a loop hole to integrate it in their portfolio without listing it directly?
Coinbase launches COIN50 - a digital asset index fund including the 50 biggest coins by marketcap.
Weekly "Super Guppy" turned green.
This only happened two times in Monero's history so far with exceptional results.
2015 (x2000)
2020 (x5)
From a pure chart perspective we are now waiting for the confirmation of a XMRBTC double bottom.
If you can find the liquidity to sell some BTC for real XMR this may be the time.
Exch.cx currently has 0 XMR in their reserves
Haveno has 2500 XMR in offers
How to buy Monero after the delisting of Monero – get to know Haveno
Back in the days we were expecting that instead of embracing Bitcoin (then the only coin), states around the world would fight it hands over fists. Now, one can not say that fighting didn’t happen. But Bitcoin as is today, became part of the political agenda and finds itself in the portfolios of the largest funds – unfortunately more often than not under control of custodians. Because for better (decentralization) or worse (custodianship) BTC has a limited transactions capacity which forces it into custodial solutions.
There are two fights
One for a store of value that can not be inflated at will (hidden tax). And another one for digital cash and privacy. Satoshi didn’t intend to separate the two. But the lack of fungibility and the inherent nature of blockchains helped separate the two ideas.
Bitcoin seems to have won the store of value contest. Which means there’s now a control knob on government and central banks inflationary policies. It needs to be seen, if centralized institutions might run afoul and reintroduce fractional reserve crypto banking down the road.
**Bitcon is winning.**
And the state gave in? Or did it? Not so fast!
There is another fight. One for permissionless and private digital cash.
Enter Monero. The one project most similar to Bitcoin’s story of creation.
Anoynmous founder… Left the project early… Cypherpunks culture ...
What we’ve seen with privacy coins in general and Monero in special is that the state didn’t give in, but instead turned all it’s power against what it represents. The freedom to transact privately between two parties without needing a third party nor anyone to identify or surveil the parties involved.
The last years of Monero history are full of negative stories
* Price suppression in cahoots with centralized exchanges
* Overreaching regulation of cash-like AEC (anonymity enhanced coins) - mostly in Western countries such as UK, Australia, Japan and EU.
Which concluded in the delisting of Monero on basically all major CEX.
But in the end delistings are an overall good thing for both users and speculators who believe in the need of a cash-like medium in the digital age that doesn’t leave traces.
Delistings….
* Increases privacy and reduce attack vectors
* Increases the need for self-custody
* Reduce market manipulation capabilities
all that at the cost of
* Temporarily reduce liquidity and access
Monero is not yet winning like Bitcoin does, but delistings are not a sign of defeat either. Much rather they point to governments being afraid of it wanting to ignore it and getting rid of it. But Monero does one thing exceptionally good: Refusing to comply and refusing to die.
The decentralized ecosystem
While Bitcoin’s success has been built around the advent of CEX and the financialization of it as a mainstream asset class, Monero is all but that.
Cypherpunks are currently creating decentralized, permissionless and private infrastructure like Haveno, a P2P exchange running over Tor around Monero.
So if Bitcoin was at the center of the centralized cryptocurrency ecosystem plugged-in into mainstream financial networks. Monero is at the center of the decentralized and private cryptocurrency ecosystem.
Truly decentralized exchanges
Projects like Haveno make it easy to obtain Monero for any fiat payment method and any currency.
If you are ready to leave behind the cumbersome, intrusive and dangerous KYC (Kill Your Customer) processes of large CEX, Haveno will provide you with a fresh trading experience.
Not so convenient at first because it requires to rewire our own thinking process in regards to trading. But so far no one would want to miss the ease of a DEX like Haveno after using it for a couple of times.
How to use Haveno?
Haveno-reto is currently the only viable network running the Haveno software. It is „up“ for a little over five months seeing constant growth. You can download it in https://haveno-reto.com and it will run on Windows, iOS and Linux. Though you really should consider to run it exclusively on Linux for privacy reasons.
It’s easy to install it on an USB sick with TailsOS (Linux) alongside your main system. See below.
This is a short guide to install "Haveno Reto" debian package on Tails: https://github.com/retoaccess1/haveno-reto/tree/master/scripts/install_tails
___
**Step by step instruction after you already have a [Tails USB](https://tails.net/install/linux/index.en.html#download)**.
1. Enable **persistence** https://tails.net/doc/persistent_storage/index.en.html
1. Set up **administration password** https://tails.net/doc/first_steps/welcome_screen/administration_password/
1. Activate **dotfiles** in persistent storage settings
1. Run **the following** command in the terminal to download and execute the script from the "Haveno Reto" repository. Enter the administration password you have setup when requested
____
curl -x socks5h://127.0.0.1:9050 -fsSLO
https://github.com/haveno-dex/haveno/raw/master/scripts/install_tails/haveno-install.sh
&& bash haveno-install.sh
https://github.com/retoaccess1/haveno-reto/releases/download/v1.0.12/haveno-linux-deb.zip
DAA24D878B8D36C90120A897CA02DAC12DAE2D0F
___
You can then start Haveno by finding the icon in the launcher under "Applications" > "Other". It should connect and synchronize with both the Haveno Reto and the Monero network.
Check your configuration:
1. reboot Tails
1. enable persistence and admin mode again
1. launch Haveno and confirm you can access your account
____
Haveno Reto public signing key of fingerprint above. https://haveno-reto.com/reto_public.asc
Chances are you are not bullish enough on Monero.
Price stability is a feature provided to you buy DNM and fractionally reserved/naked short CEX. As one after one drops out the imbalance increases and needs to forcefully move into one direction (up) until a new equilibrium can be found.
Traders do want to look at XMRBTC, XMRETH and XMRUSD.
Mastreluc would have called the pattern on the weekly chart for XMRUSD a "catapult". Enjoy the ride!
Monero is the renaissance of electronic cash as envisioned 50 years ago, both by cypherpunks and Austrian economists.
Glad we had Bitcoin to make the world comfortable with cryptography and value transfer. It's about time Monero takes the lead in providing security and privacy for all users alike.
Early Bitcoiners (2009-2012) have been critical thinkers and conspiracy theorists, educated in adversarial thinking.
Almost all of them are not just users but long term holders of Monero.
I've been bullish on Bitcoin ever since I bought it 2 years after its creation.
I am more bullish on Monero.
Monero is objectively more scarce than BTC.
* Less circulating supply (until 2040).
* Lower yearly emission of new coins until next halving.
* Almost 100% self-custody without fractional reserved coins diluting supply
* No more CEX listings, where derivatives and futures control spot price
* No more (naked) shorting without buying real coins first
* Incentive to create circular economies
#scarcity
To my fellow Bitcoiners, once nocoiners.
You might want to buy some [Monero], in case it catches on.
XMRBTC bottom on the weekly is in. Testing 0.0028, 0.039 and 0.0055 next.
After that we'll see how a super scarce (because not available on CEX) and thinly traded asset like Monero will react on constant demand by nocoiners, Bitcoiners and shitcoiners alike who all seek a private shelter for their wealth.
In before #taxhell incoming
Man, you are on Nostr. We all know Bitcoin is great.
MONERO - OPEN PROTCOL FOR DIGITAL CASH