Buy the dip editionPrevious thread >>29430368Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized p2p privacy cryptocurrency!Monero is secure, low-fee, and borderless, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT (hidden tx amounts) ensure that Monero's blockchain is obfuscated -- the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a Monero user willingly providing a view key for a specific transaction.Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of txs increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in May 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.If you still have questions, feel free to ask and a MoneroChad will be with you shortly.XMR Redpill: https://youtu.be/aC9Uu5BUxIIOFFICIAL WEBSITE - https://web.getmonero.orgWHERE TO GET MONERO?>KYC:BinanceKrakenBitfinex>Non KYC: Local MoneroMorphtokenBisqKucoinTradeogreCrypto ATMssee: kycnot.me>Mininghttps://archive.is/TWOahHOW TO STORE MONERO?>DesktopGui/Cli (recommended)MyMoneroExodusFeather>MobileIOS: CakewalletAndroid: Monerujo
I WENT ALL IN ON MONERO AND NOW I'M FINANCIALLY RUINEDWHY DIDN'T YOU TELL ME THERE WAS INFINITE SUPPLY AND TRANSACTIONS CAN BE TRACKED?FUCK YOU FUCK YOU FUCK YOU FUCK YOU
threadly reminder that this is the perfect xmr-chan
>>29448556they can't trace it, they can employ analytics and guess at it... move your coins around.
>>294485563/10 fud. Try harder, anon.
>>29447625ALL IN ON MONERO
>>29449378I kinda want him to continue, anon. I need the price to come down to accumulate more.
>>29450023I mean I’ve gotta show *some* resistance, otherwise it’s too obvious that I’m loading my bags.
Lol what a shitcoin, while other coins get a 10% correction XMR gets a 50% skydive. No one believes it'll go up. This whole thread is just a cope.This is just me being objective, you can say "b-but it's the only one you can use as currency..." No one cares, no one buying crypto right now is doing it to buy stuff or do smart contracts, EVERYONE who's in the market is only in it to make money. You guys are autists for not realizing this.It's not that the market is "wrong", it's that there's nothing to be "wrong" about. The market is not a mechanism to reward the best product, it's a mechanism to reward the people who read the market the best.
>>29450555See now THAT’S the kinda fud I ordered. Keep it coming!
>>29450555Thank you anon
>>29450555Somewhat true but are you confident in holding any of these shitcoins indefinitely? I can hold my XMR and completely forget about it without worrying about it one day going to zero like whatever ponzi shitcoin you own. Wasted trips.
>>29447625Monero is broken, use 0xMR
>>29448556lol, pretty sure this is satire
>Has missed this bull run entirely>Gotta be Monero
>>29447625>Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in May 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.Nice, that was my favorite thing about dogecoin. What's average transaction speed?
Do I buy now or in 12 hours when I wake up?
>>29451182Cope, you know you wish it went up. You know there's something deeply wrong with a coin when it's the ONLY major coin missing the bull run.All of these nerds saying "The long run", "The technology", are just completely deflecting the criticism.Don't get me wrong I do have money on it, but if Monero keeps missing bull runs like this, it WILL go to #30 market cap, then #40, then #50... Until it stabilizes as a #120 shitcoin that never goes up and people have given up on.Despite wide adoption on the dark net, Monero is still just the 22nd market cap. Think about it. Despite being in actual use, there are 21 shitcoins who perform better than it, and no one has a good answer why.>>29451509It's gonna keep going down. If you're really paranoid just open a limit order for like $190 or $180, but don't buy it now while it's still going down, buy when it's going up.
Is this it? The butcorn finale that will forever remind people that hype is not valuable
>>29451830You didn't answer my question. Are you confident in holding any of your ponzi shitcoins indefinitely?
I just read XMR has an inflation bug because the supply cannot be audited. Is this true?
>>29452150Yes that's why it never pumps only dumps. Only literal retards hold XMR.
>>29452150>>29452236Gurdeep detected>>29451830this guy is right, though
>>29451830>but don't buy it now while it's still going down, buy when it's going up.No you need to SELL every time it goes down 20% and buy AFTER it goes up 100%
>>29452390no theyre a complet moron, or it's bait
>>29451251nope. 0xmonero is still vaporware bullshitjust like the last hundred times you spammed itstop trying to steal from people by lying to them about the capabilities of the projecthttps://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/https://warosu.org/biz/thread/S24750658#p24755504
>>29451830>You know there's something deeply wrong with a coin when it's the ONLY major coin missing the bull run.No because its behaviour is clearly distinguished from the shitcoins since it moves almost independently from their bull runs. To me that's a good sign if anything. It's certainly not a bad sign to me.
>>29451381>What's average transaction speed?block time is on avarage 2 minutesmonero doesn't have "replace-by-fee" like bitcoin, so true 0-conf transactions are possible (takes a few seconds for network propagation)received monero are locked for 10 blocks (20min) untill they become spendable (for security reasons, I think this restriction may be reduced in the future)
>>29452576but that's not true. XMR's value curve is EXACTLY the same as BTC's and a hundred other coins. There are a handful of currencies that aren't currently mimicking BTC's ups and downs, and XMR isn't one of them
>>29451830>Despite being in actual use, there are 21 shitcoins who perform better than it, and no one has a good answer why.Also, this is because it is in actual use. Because it's widely used on the darknet, there is zero need to hype Monero. This bull run is driven by hype, though, and it means that Monero has not been caught up in the bull run like the rest of the shitcoins which work purely on hype.
>>29452561i still maintain i'd be impressed if anyone actually managed to even find someone offering 0xmonero in order to purchase it
>>29453063and paying the eth gas fees
i have a BNB in my BSC address, how do i convert it to monero?
>>29453237sorry, crosschain shit really just confuses me
Any place I can buy ammo with Monero?
>>29452108Fine, I'll engage in your deflection.Yes, I'm confident holding ETH, BTC, LINK and even complete shit stuff like LBRY even more so than I'm confident holding XMR.Some of those because of the technology, and some of those because there are big players with interest in keeping the price high, so I trust that they'll succeed on it.The tech being good is only a very minor part of what makes a coin increase in price, the main driver is "Do people believe that the price will go up?"People call the market "irrational", but they're the ones being autistic by not realizing it. Instead of crying because of DOGE, adapt to the reality that this is the market, the things that matter are not the tech, they're other things, and XMR DOESN'T HAVE THEM.>>29452150No. You can see the block reward for each block, just sum it up."Emission" on https://localmonero.co/blocks it does it automatically. That's how many coins are in circulation currently, 17,846,609.Whoever told you this was probably talking about an old bug in cryptonode. https://www.getmonero.org/2017/05/17/disclosure-of-a-major-bug-in-cryptonote-based-currencies.html>>29452576Hm...Can you elaborate on that? Why would it be bad to have speculation on XMR? It's just people believing that the price will go up and buying it because of it, no harm is done.>>29452847>Because it's widely used on the darknet, there is zero need to hype Monero.There IS need to hype it if you want your coin to be used for stuff other than buying CP.It's common sense that if you want your coin to be used, you need good tech AND marketing.Also you can't explain why it's going down of all things, you can only explain why it's not going up. It going down means people are ok selling it at a loss, means people don't have faith on the coin. And probably rightfully so, honestly.
>>29451830Don't count Monero out just yet. I can tell you exactly why Monero is going to pump hard as hell in the next few years:Governments are in bad fiscal shape and are going to start harvesting the inflationary crops they've sown in assets like stock and real estate. Look out for discussions around federal property taxes, capital gains taxes (maybe even unrealized), wealth taxes etc. Governments know exactly where are the inflation has gone, even as they carefully constructed CPI in order to to hide it.The capital owning class has done extremely well thanks to central banks in last few decades, but the bill is coming due. Monero is one of the best available tools for evading capital controls when the feds start getting grabby. Lots of people with lots of money are going to be scrambling for the exits very soon, Monero will likely be their escape tunnel out of fiat, and personally, I intend to front-run the shit out of them.
>>29453508>(maybe even unrealized)I believe Biden's team is already considering this.
>>29453508I don't understand what you just said. Do you mean taxes will be raised, and there will be rich people buying Monero to... Hide money?Truly rich people already hide it offshore and everything is ok, I don't think your scenario is very realistic. It's not gonna be a "surprise" for them that they have to pay taxes, rich people ALREADY have an infrastructure to avoid it, they've been doing it for decades. Nothing is changing.>>29453063>>29453099Yeah I think he's just mentally ill at this point.
>>29453629how do unrealized capital gains even work? we had the nutty leftists here hounding for it, you going to give a little old lady a $50k tax bill every year because her retirement home is in a nice part of town?
>>29453918>you going to give a little old lady a $50k tax bill every year because her retirement home is in a nice part of town?That's the plan, yeah. Now that they can steal elections they're all out of fucks to give.
>>29452749>There are a handful of currencies that aren't currently mimicking BTC's ups and downsDo you have other examples?
>>29453918How would someone pay for unrealized gains? Are you saying what I think you are saying: people need to pay taxes on assets price increase even if they haven’t sold them? That would bankrupt the whole country
>>29454146of coins not mimicking BTC? ok lets check coinmarketcapBNB, NEM and CRO, in the top 20 alone
>>29454199that's what I mean. its insane. actually it seems like a fast way to grab a LOT of wealth and/or control>jeff bezos you owe us 20 billion dollars by the end of the tax year, or we're taking 10% of your amazon stock
>>29454367You were warned that Biden's team were literal Communists and chose not to listen.
>>29454475i live like 8000 miles away from your politics lol
I bought at 280 and now's looking like a great time to buy high and sell low
>>29453860I don't think they move as much money offshore so much these days, for 2 reasons. One is that is has been getting harder and harder to do, for example the US has already cracked down on a lot of the older techniques for hiding money like swiss bank accounts. Obama turned the screws on them to finally close that one. The second is that it really hasn't been necessary anyway, since their gains haven't faced much taxation, so they've felt pretty safe letting their money sit in US stocks and real estate since their taxes have been so low for so long.If that changes there'll be tremendous pressure to get out, and they'll have to find new escape routes. Privacy cryptos are the most likely candidate.
OHHHHHHHHHH FUUUUCKKKKKK LAAAAAAAAAAADS
>>29450555>50% skydivekek>EVERYONE who's in the market is only in it to make moneyI have some extremely rare and sought-after tulips I would like to sell you.
>>29455237Also, zoom out more and you see a relatively steady trend upwards
>>29454367Imagine them doing that with crypto. Sir, you made 100k with BTC this year, not pay taxes on that. How would NEETs even pay for that. And then next year when it crashes, do they refund you? I don't think this would ever pass but I'm not going to bet on that, which is why I'm betting on Monero to stay safe.
>>29455237I can't believe we just got rugpulled by the lead Monero devI thought it was over after SODA
>>29454993yeah uh.... let's buy the cheapies.... great
i cancelled my buy order for $203 and lowered it to $152 just in time. i now have the potential to buy 25% more fuck yes
Monero bros... I don't feel so good...
>>29455340I've been in the game over a year, fren. The steady trend upwards is my lighthouse in the storm.I may be handing over 6 figures/year of my father's hard-earned savings to academic bureaucrats. I may be living in immigrant-housing-tier dormitories for 150% of the normal rent in this area. I may even be spending more thousands of dollars on disgusting food cooked by niggers who I have witnessed handling raw chicken and then putting out plates at the buffet without washing their hands.But one thing I will NOT be doing is roping myself when Monero moons. My unknown amount keeps me comfy.
Please stay low for 12h more.
Damn, I was [unknown]% up, now I am [unknown]% down.
>>29455340>Trend upward>pic related
>>29457026>price goes up>I'm right>price goes down>I'm wrong
>>29453443>holding ETH, BTC, LINKso you're a bot, didnt read the rest. good luck
How likely is it that the XMR/BTC ratio will drop below 0.0034?
>>29457608what do you mean, those are the coins i hold lol what's wrong with that i thought everyone did that>>29457641No one knows but my opinion is that it's extremely likely to happen eventually, because XMR doesn't follow on BTC's speculation for some reason. You could have something like XMR at $200 and BTC at $60k very easily for example, that would be 0.00333 XMR/BTC.Do you mean dropping below that today? It's going back up so I think it's not happening, gonna have to wait at least a few days for that to happen.
>>29448556everything is dumping retard
>>29458001no everything is having a 10% correction, XMR is just straight up plummeting. From $280 to $170 and still falling.
>>29457931>today?No, I meant at any point. I'm not really convinced by your reasoning.
There was 14 btc buy wall on binance at 380k and most of it was filledWhat a mad lad
>>29458109The xmr/usd pair is down less than eth, and 8% less than link
Should I buy now, or should I wait if the price goes even lower?
Can someone post that picture of the 5 pepes signing ring signatures and one of them is smoking a cigar lol. I remember it but I can't find it.
>>29457931>what do you mean, those are the coins i hold lol what's wrong with that i thought everyone did thatI'm not touching ETH, seems far to boated and high priced for a utility token. LINK might be ok as it can work with any other smart contract, don't know enough about it to justify holding any.XMR is cash, BTC might be gold, ETH/LINK are something else. Nothing wrong with holding coins with different markets, but obviously some xmr holder disagree (as they believe crypto must be cash, otherwise it's a scam)
>>29458109>no everything is having a 10% correctionkek i love reading this shit
>>29457026now is the deal of a lifetime.
How is XMR not severely undervalued?
>>29458485>>29458565glad to see my meme still exists kek
>>29458380I apologize, I hadn't seen that ETH was $1500. Everything really is plummeting.>>29458160It's just bound to happen, XMR dips all the time and BTC rises all the time. Just look at >>29457026>>29458420It's going back up, BUY BUY BUY>>29458512ETH is not about the technology, it's only about the hype. It's gonna rise a lot when ETH 2.0 gets released. Either way I feel confident just leaving it there.Same thing for BTC, it's about the hype not the tech. Now that big banks and big companies (like Tesla) have a stake on it, they have an interest in having the price rise.>>29458733What do you mean by undervalued? The market decides the value.
Question for people who believe in the coin:What makes you think that whatever it is that is keeping the price down right now, won't keep up forever?
>>29458975>XMR dips all the time and BTC rises all the time. What does btc rising have to do with this?
>>29459103Some Asian exchanges have banned XMR a while ago because of its affiliation with black markets. Fear of further regulation in other regions keeps XMR down.
>>29458565Thanks! really appreciate it anon
>>29459103nothing keeps happening the same way forever
>>29459103At some point people are going to want to stop playing stock market Pokémon with crypto and use it as an actual currency. XMR's tech is just better for that. Governments know this, which is why >>29459224 and Coinbase delisting happened.
>>29459224Isn't that the whole point of XMR? Governments banning it is proof that they can't track it and proof of its value.
>>29458975>ETH is not about the technology, it's only about the hype.See, I only buy things I intend to hold for at least one year. Consequently I will not buy anything based on hype alone. I hold some BTC only as a hedge only. I think many anons who frequent /xmr/ think the same and that might be the reason why other coins are looked down upon.
>>29459103once btc maxis and eth retards realise their transactions are public and everyone knows they bought an XL BBC dildo for 5 sats monero is gonna look pretty fucking goodalso the fees are low and transactions are fast so its good in general
>>29458733All coins lose in satoshis against BTC when it get pumped. They lose in dollars when it dives.10 years later and all retail crypto is still just toys to play around with that you buy or sell based on what BTC is doing.That said I still like Monero since it actually is what BTC used to be and what people think it is now. And the taxman will cometh for any non-privacy token.
>>29459224Ok, and what makes you think this will not keep up forever?>>29459388So you envision a world when you can buy food and clothes with XMR? Buy a house with XMR? And the government is just gonna stand around and do nothing about it?>>29459404>proof of its valueIf you want to buy CP and cocaine sure, but if you want widespread adoption and being able to use for normal stuff then it's terrible.>>29459465Yeah but that's my point, the technology is only tells you very little about how the price is gonna go, public opinion is the only thing that matters.>>29459835So you, too, envision a world where crypto is the main form of currency? You think this is not all pure speculation?
im so fuckin comfy rn. i remember some anon saying “ive never seen so many people being happy while losing money”. i really don’t care for the price on the short term
>>29460231Why would you need privacy to buy normal stuff? Three letter agencies won't care about you buying a broomstick at your local supermarket. Privacy coins are most useful to buy those things the government doesn't like.
How high are we going this year boys?
>>29460615>Why would you need privacy for normal stuff?Even normies feel weirded out by the idea of people being able to see their balance in their wallet. Non-private coins are unusable, imagine a corporation that has all their transactions public, it's basically shouting to the whole world everything that you're doing.>>29460638IT'S JUST GONNA CRAB AGAIN, $300 EOY
>>29460638Why would you ever want it to go up? XMR is about the tech.
>>29461257because I want to cash out at the peak and then double my stack
>>29460565The thing is when you buy shitcoins, every dip triggers a psychological panic as you think this might be a terminal death spiral. Monero is like gold, if you own it you're not going to really panic because prices might go up and down but there's no real risk of a complete collapse and you can safely sit on it.
BTC network fees make me sick, I don't think enough people realize this.
>>29460615What happens when you buy 500,000 broomsticks within a 1 year period.
>>29461483Yes, but only because of US hyperinflation. People will seek other currencies and the USD is becoming worthless as they print so much but refuse to let people work.
>>29460231>So you envision a world when you can buy food and clothes with XMR?Yes. I think is is likely that 10 years down the road crypto breaches the early adpter threshold, ie. 15% of the population (in developed contries) has crypto and is comfortable using it for purchases. Then it will make business sense to accept crypto payments in brick and mortar stores. Streetfood might be the first to adopt it, than cafes and other places that attract young-ish people. Once it is somewhat prooven for practical use supermarkets will join because theire profit margins are extremly tight (like 1-2% or so) and even if just 10% of customers pay with crypto the supermarket gets an easy 0.1-0.2% points better margin, an improvement of about 10%.The one thing I don't know is if it will be monero or just some centralized shitcoin.>>29460231>And the government is just gonna stand around and do nothing about it?Monero has the prisinors dilemma on it's side. "Doing something about monero" would require good cooporation between all relevant contries which I consider highly unlikely.>>29460231>Yeah but that's my point [...]public opinion is the only thing that matters.For the price right now? Sure. For what the crypto space will look like 5 years down? I don't think most cryptos will be still standing - but I'm certain that monero holder and developers will not give up easily. The network is build to be as resilient as possibel and not to give up easily. This is where the value lies, which is unfortunatly invisible to most casual "investors" during good times.You seem alright, so I'll recommend to look into the topic of finite vs. infitnite games; simon sinek has some good presentations on it: https://www.youtube.com/watch?v=tye525dkfi8 orhttps://www.youtube.com/watch?v=3vX2iVIJMFQ
>>29461291Just DCA. It's actually good if it goes down.
>>29450555>no one buying crypto right now is doing it to buy stuff or do smart contracts, EVERYONE who's in the market is only in it to make money. You guys are autists for not realizing this.yeah, you're hella rightI'm in XMR because I don't give a fuck about money, I'm not a greedy fuck like most of /biz/. I want to play vidya games, chat with randos on discord and occasionally do drugs. I can do that even with the shittiest jobs out there lmao
>>29461774thanks for the recommendations anon, you're gonna make it
>>29453443>You can see the block reward for each block, just sum it up.but you cannot see how much each wallet holds, meaning that if there's a bug in how transactions are handled (e.g. when you send someone 1.337 moneros he gets 14.88 moneros for whatever reason) you can't audit the number of moneros in circulation.
>>29462114A "ygmi" form a bear that still holds xmr for some reason? That's got to be the best endorsment I've got in a while.>wgmi
>>29461203Fair enough. But for non-private coins to be an issue for normies it would need to be easy to link an identity to a wallet address, which they don't know how to do. I don't foresee normies being concerned with privacy any time soon. Some of them even have Facebook.>>29461409You will have a sick broomstick collection.
>>29462971>I don't foresee normies being concerned with privacy any time soon.I don't think that is the goal here. Monero might be the great money launderer of the world. Certainly large BTC whales might swap into it to avoid a metric fuck ton of taxes.
>>29461296Yeah Monero does the opposite of shitcoin psychology for me. Always scared the price is taking off for good and will never be so cheap again. Not memeing I genuinely feel this and it has cost me lots of potential gains.
Where are my USA bros buying? Directly off of Kraken? Or buying another coin and exchanging it?
Officially own an unknown amount of xmr...Figures, buy at 207, instantly drops to 187 once the transaction clears.Oh well, ill be buying more over the next couple days.
>>29464317Coinbase BTC -> TradeOrge XMR
>>29460565>i really don’t care for the price on the short termMindset of a Champion
>>29458975>ETH is not about the technology, it's only about the hype.I think this is your problem, you might as well just go to the casino or buy lottery tickets. And I know a lot of eth whales/enthusiasts truly believe it's the future of the economy, same for link. I like to fud them because I could've bought both when they were extremely cheap and I eventually started to believe the fud. Really what I meant is those are the 3 coins you see shilled and it shows you can't really form your own thoughts or opinions.
>>29458380what site is that!? :)
>>29460231>but if you want widespread adoptionWidespread adoption would be nice but its not essential. As has been mentioned here hundreds of times already, analysts expect most of Monero's future growth to stem from black money influxes i.e. organized crime adoption, not institutional capital or normie adoption.Globally, organized crime generates $2 trillion annually, Monero only needs a $184 billion market cap to be worth $10K. And we're already seeing major crime syndicates moving into crypto.....>$1m in cash seized as man arrested over alleged money laundering via cryptocurrency>February 22, 2021 — 5.58pm“Police will allege in court the man directed a criminal syndicate to launder money by converting cash into bitcoin on his behalf, totalling $5,479,300,” police said in a statement on Monday.Detective Superintendent Matt Craft said the group allegedly operates as money launderers for hire and he anticipates further arrests over the next four weeks.https://www.baka.com.au/national/nsw/1m-in-cash-seized-as-man-arrested-over-alleged-money-laundering-via-cryptocurrency-20210222-p574sb.htmlSo Bitcoin is still easier for them to use for now but all this kind of stuff will inevitably end up in Monero's corner, just like the darknet black markets.
Very comfy. Nothing to worry. Oh wow. How?> monero pumpscomfy> monero dumpscomfyI can not explain it, but sometimes it feels like these levels of comfort should not be possible.
>>29450555the cool thing about monero is nobdy knows how much you hold. so your amout of loss will never be known. it might as well be zero.
>>29466152>I can not explain it, but sometimes it feels like these levels of comfort should not be possible.Its the kind of comfy that comes with knowing that vice, black markets, tax evasion and money laundering are inevitable.
>>29447625Monero chan really is the hottest waifu
The least loser on my board right now is xmr/btc. How much rank did we just jump?? I'm asking the haters, fudders and concern trolls specifically.
I want to buy Monero few days ago. First I look at the chart, $256 looks too high for me so I wait.It's at $191 now.I'll wait until BTC stops dumping before buying XMR.It will bleed to sub $100 in a few days anyway.
We found the floorAll signals green
nice ratio gainz monero chads
>>29465914>Widespread adoption would be nice but its not essential.It IS essential to have a working cash. The question is only WHEN widespread adoption is needed. Maybe monero can cruise along for another 2-3 years, but we have to find solutions for this.
>>29466254>1 post>begs for moneyngmi
>>29458733if fundamentals mean anything (don't laugh) XMR is easily THE most undervalued crypto around right now
>>29460565yeah some anon said last week /xmr general/ is the only thread that gets mad when their coin pumps
>>29467992I need to start lurking in shitcoin threads more to see if they get these kind of posts. always this negative weird sentiment with xmr
>>29458420Treat monero like a house. Don't buy because you think you'll be locked out or that you could make money off of it, buy it because it is genuinely useful
White house market only has degen drugs, anyone know where to find /k/ to but with moneros?
>>29470350>”Hi anonymous anime forum, im having a bit of trouble buying drugs online. Anyone care to help out a guy in need?”
>>29470350not into any drugs besides coffee, sorry
Bought $20k XMR at 190Wish me luck
>>29470776>Bought $20k XMR at 190>Wish me luck105 XMR? Congratulations, you just entered solid make it territory.
>>29470606>>29470498he said /k/ not drugs you retards
>>29470984Yes, just about 105 XMR.I've been hodling 90 XMR since 2015, mostly because I forgot about it / it was worth so little back then. Won't sell any time soon.
>>29447625i was considering buying xmr at $60, kinda mad rn but eh what can you do
>>29471358This, not everyone is lucky enough to be a burger with your freedums
>>29470776holy shit anon, that's a suicide stack for sure
>>29473883I'm not a bot
>>29471358pretty sure that would all be honeypots and that it's been that way forever
>>29458109>BTC pumps, XMR crabs>BTC dumps, XMR dumpsAbsolute garbage shitcoin. Going to 0 soon. Make sure to short it all the way.
>>29459224Not just Asian, Australian aswell. Holding XMR is brainlet tier. Just buy fucking BTC if you want to make actual money. Everything else bleeds against it anyway.
>>29461105This lmao, top has been in. Time for another 3 years of crabbing and another top of 200.
>>29469150I always get mad when it pumps but then when it dumps I also get mad, I just want everything to happen exactly as I want it
>>29474906go back and buy some buttcoin on the way out
>>29474189Good not bot
>>29474906>Just buy fucking BTC if you want to make actual money.Just make sure it hasn't been blacklisted first.
best cloud mining setup?
>>29475971They're all MLM scams.
>>29474711>>29474906>>29475039>be you>wake up>run downstairs with a huge smile on your face>mommy already made you french toast (with some milk on the side, just how you like it)>open up your chromebook>hackermantime.jpeg>go to /biz/, hit the search bar, type “xmr”>open the thread>post that it’s going to 0 again>post that it’s a shitcoin again>show mommy the post you made>”Very good son, we are so proud of you. Our little investor”
>buying bitcoin at 50kdo newfags really?
>>29447625Monerochan is such a teasing, little, slut!
Who else /comfy/ right now?Bought the dip yesterday. Waiting for sub $170, and if not I’ll probably just buy like a normally do at the beginning of March anyways.
>>29476590>>buying bitcoin at 50k>do newfags really?Its going to replace gold, you see.
where can I exchange bitcoin for xmr?
>>29448556This dip is delicious. Buy more and stop crying
>>29477326See the OP. Any exchange will do. For non kyc, sideshift, bisq, and kucoin are great options.
when dis sheeit gonna moon and to how much? It is superior to BTC in every way, why is it still so cheap
>>29478271its not hype and a lot of people want to not talk about it in general. for many its one to accumulate over time. buy and forget about it.
>>29478515Have there been any numbers crunched on what the price could rise to if it accounted for say X% of all black market transactions?
>>29478253Know you’re customer. A lot of websites require you to submit personal information when exchanging crypto. This isn’t necessarily a bad thing, but there are many individuals who don’t want governments knowing how much crypto they own.
>>29450023>>29449378>XMR is so valuable on a fundamental level that the people that accumulate it are activelly damaging it's public opinion just to get moreAnd that's why I have nothing but faith in this coin
>>29478956>Have there been any numbers crunched on what the price could rise to if it accounted for say X% of all black market transactions?Not explicitly but the Satis Group analysis estimates "illegal use" of Monero will be its primary application and project it'll push upwards of $40K by decade's end, give or take a few years.
My online wallet wants to charge me £10 in fees to move it to binance, how do I avoid paying them?Wait until the market is less active?
>>29479336Interesting, thanks. I suspect cash will be extinct by end of decade, which will surely be a boon for XMR
>>29479336What is satis group?Also can you post a link to the full study?
Monero is more stable than your average stable coin.
>>29479623>online walletlook into ofline wallets. you know the drill "not your keys, not your coins"wasabi is pretty good imo, as it has coin control and mixing build in>£10 in feesmost offline wallets let you specify the the fee you want to pay - lower fee the lower your transaction priority isunfortunatly since early january the mempool is filled a lot, so fees get expensive (rn about 140 sat/byte) https://jochen-hoenicke.de/queue/#BTC,3mSo yeah, you gotta eat the fees or use a different coin to transfer the value
>>29480006>What is satis group?Crypto-tech research and analysis company from NYC. https://satisgroup.io/>Also can you post a link to the full study?https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A
>>29480413thanks for the info> use a different coin to transfer the valueknow of any with low fees? what about Eth?
>>29480006study is from mid 2018, so they were of with their predictions quite a bit. It's good hopium, so it gets posted over and over. Their reasoning is alright though, just timing is massively offhttps://www.3bit-lab.com/documents/satis-group-cryptoasset-initiation-report-fundamental-valuation-201808.pdf
>>29480413>coin control and mixing build inBe carefull with the mixing of BTC, glownigger can legally investigate in some countries if your BTC get's caught with some drug money. This is irrelevant for most people, but let's say if anyone on here has illegal weapon schematics on his computer, that's something to take into account.
>>29450555If anyone is holding alts right now (that includes the ancap retards in XMR) they are morons.The formula is very fucking simple.>BTC go upHold BTC cause your alts are only going to go up if you are lucky. Case in point: fucking XMR>BTC go downexit into stablecoins cause BTC is going down so alts are going to get absolutely raped>BTC crabsthis is altseason. Most alts are probably going up but some will more than others.Disclaimer: XMR and ETH are my chosen alts, and I like XMR the most. But you'd have to be retarded to have held XMR over the last few months goddamn.The formula is that fucking simple, fags.
>>29457608XMR chad chiming in
>>29480579often LTC is recommended. You can send that directly to cakewallet and use their conversion service. Fees are fair afaik. There is an infografic about this, maybe some other anon can post it.
>>29480812Ok but it doesn’t make you any less of a fag
>>29480608Any offline wallet is better than an online wallet.Some privacy measures are bettter than none.Coin controll is pretty fundamental imo, even if you don't mix at all.Of course, monero is better for spending, but BTC can be a good hedge, so better learn to use it
>>29480582>Their reasoning is alright though, just timing is massively offYeah just look at BTC price, it will be much greater than that by end of decade.
>>29480582>Their reasoning is alright thoughWhich is what ultimately matters. Now every time I read about yet another case of crypto being used for money laundering or tax evasion my dick starts getting hard. We're not even close to the Promised Land yet but we're on our way.
>>29480812Rare smart post. XMR threads need more realistic sentiment and less waifu posting
>>29478956I just found this paper with pic related from the imf, it looks to be declining but for simplicity I can probably conservatively say 10% of OECD GDP by the time 18.7MM xmr are mined. That would be ~$33k (correct me if my math is wrong because I'm retarded) but that's assuming GDP doesn't increase which it obviously will with perpetual quantitative easing.
>>29481359meant to say 1% of xmr in the OECD nlack economy if it were at 10% of GDP
>>29481359>I just found this paper with pic related from the imf, it looks to be declining but for simplicity I can probably conservatively say 10% of OECD GDP by the time 18.7MM xmr are mined. That would be ~$33k (correct me if my math is wrong because I'm retarded) but that's assuming GDP doesn't increase which it obviously will with perpetual quantitative easing.And that doesn't even factor in the epic moonboy FOMOSEXUAL bullrun that would kick off as soon as it became obvious that Monero is clearly headed into 5 figure territory.
>>29481309yeah the waifu posting is fucking cringe.I dont want to dump on XMR. Its my favorite alt. But people need to realize the market here is still absolutely dominated by BTC and what BTC does. A tiny fart of BTC's marketcap in Monero's direction will cause it to skyrocket.I do think we might be entering alt time like 2017 again. And when that happens I will be dumping into XMR. Of all alts I think it has the most potential in another alt season. Not sure. Basically all alts are at all time lows vs BTC. And BTC's getting clogged up just like it did last time.Or BTC could continue dumping. Or continue rising lmao and XMR will go into the .002 range.tl;dr stop ignoring what bitcoin does you anime posting degenerates
>>29481723You're assuming xmr holders don't also hold bitcoin. I think everyone would agree if you're not holding bitcoin and/or more than 1 alt you're probably missing out gains. But you're always missing out on something, you could've 20x longed btc at 10, or bought tsla sub $100. You're retarded for missing out on those gains. That's what I did and put most of my profits in xmrSee how dumb that sounds though?
>>29482185>20x longed btc at 10 at 10k*
>>29482185>. I think everyone would agree if you're not holding bitcoin and/or more than 1 alt you're probably missing out gains.If you're already sitting on a triple figure make it stack of XMR it really doesn't bother you as much. Comfy is where it's at.
>>29482185Hindsight is a beautiful thing. Most people just want to put there money into something and hodl it, confident that it will be worth a heck of a lot more in 5 years
>>29447625do you own anything other than xmr, monerbros? i have a little in doge and bat, and i hold btc for a few moments before exchanging that for an alt.
>>29483737some ETFs to provide stability to my portfolio
>>29481723>yeah the waifu posting is fucking cringe.Kill yourself. > tl;dr stop ignoring what bitcoin does you anime posting degeneratesWe aren’t? Stop projecting faggot.
>>29483737Gold and silverBAO ETH BTC Stock funds
>>29483737BTC as a hedge, about 3% LBC because I actively use LBRY, and a few euro worth of coins I got as a gift. Everything else is in fiat
>>29483737Small amounts of BTC and USDT, mostly moneroMost of my value however is in compute hardware, which almost entirely mines monero
>>29481723>yeah the waifu posting is fucking cringe.
>>29484691what do you pay for each kWh of electricity?
>>29484691>my value however is in compute hardwareCan you tell us more? I'm interested in getting into mining beyond what I've toyed around with on my gaymen PC. Did you acquire your stuff new or used?
>>294850410.06, pretty decent, not a ton of cash but fairly nice since I plan on holding>>29485098It's only really viable if you have decent electricity costs, most of what I own I already owned but ended up converting to mine monero, I also had to fine tune a lot of the servers and mining software to actually run somewhat efficientlyI wouldn't recommend buying hardware just for mining unless you have another planned use for it
>>29485241as for new or used, used is best for everything except storage drives and GPUs, but that doesn't apply so much to XMR
>>294852410.06 dollars? I'm jealous. I'd love to mine, but at about $0.35 I just can't remotely compete.
>>29486544Yeah it's always a tossup with power, I'd love to get my old R815 and R710 running on XMRig but they draw way too much to be worth ityou can try undervolting too if you want to really squeeze for power though
so Photon style is the XMR General official style it seems
>>29486678Even undervolted I have a profit ratio of -66%, at your price it'd be +100%. Break even is at about $0.12
>>29487094Yeah that's fair, I have a few friends internationally that I've contemplated sending older hardware since they get even lower power drawDoing mining as a group with people you can trust has been amazingly comfy
>>29484305>BAOthat coin confuses the fuck out of me
>>29488565How? Why? Every coin with a food name is trash, isn't it?
>>29486740I use Tomorrow with orange accents.
>>29489072from what i saw, you can't take out the coin for a few months after investing it or something, and there's different parts of the coin you can invest in. i remember checking it out and being so confused.
>>29489307>from what i saw, you can't take out the coin for a few months after investing it or something, and there's different parts of the coin you can invest in. i remember checking it out and being so confused.
Alright guys I’m awake now WHAT THE FUCK IS HAPPENING AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
>>29489379XMR/BTC is up 1% in the last 24h
>>29489379BTC tanked, XMR went up when paired though funny enough
>>29460231>So you envision a world when you can buy food and clothes with XMR? Buy a house with XMR? And the government is just gonna stand around and do nothing about it?Basically yes. Unless they go full retard and start using their hardware backdoors against normies' computers to spy on transactions in real time there's nothing they can do about it.
average buy in is $240 fml although it will be fine in 3 years, but I could have gotten a 30% discount if I wasnt such a retard. Still the best coin out there though, will be dca'ing from now on with way less money over way longer periods. Lesson learned.
>>29470350>hey fellow privacy coin users, where can i buy illegal firearms online?
>>29483737As far as crypto I have a mix, but most of my stored wealth is in shiny rocks.
>>29470350herehttps://web.getmonero.org/community/merchants/there's a few firearms retailers, all legitimate, as you should never do anything illegal with your monero
>>29489476>>29489684Then my dip-buying goes on
>>29490037just 3d print them /s
Is there another site like Morphtoken? Their XMR infrastructure is under maintenance right now.>>29490822Would that be legal in places with decent gun laws like the US or Switzerland?
>>29491180Any firearm with a 3D printed "serialed part" is legally considered homemade in the US. This makes AR lowers popular to print because they're serialed parts that aren't pressure bearing.
>>29491180sideshift.ai, godex.io, changenow.io
i had a literal schizo friend, who was really early into bitcoin, tell me about XMR in like 2016. sadly he is dead now, guy would have already been probably a billionaire with all his btc and xmrfinally bought some last year and intending to slowly buy more
>>29491180Printing parts you can legally buy doesn't seem that smart to me. The savings are likely not worth the associated risk. It may be an option with an opressive goverment, though
>>29491495>sadly he is dead now,My condolences. What happend to him?
>>29491180xchange.me but fees are higher so it might be worth it to wait for Morph to come back online
>>29491977killed himself like half of the schizos I guess
>>29491495Rest In Peace to your friend, I’m sorry he’s no longer with us. If ever you feel him over your shoulder like I sometimes feel my brother over my shoulder, listen to what he’s trying to tell you.
>>29492430oh shit, should've expected that
>>29483737All I have is xmr
>>29483737I’ve got a couple hundred XPB, it’s a gambling game token that I picked up before gas fees were completely fucked, I’m pretty sure ETHs run made it a stillborn project, though. Also I have like $20 in BTC stuck mid-transaction trying to buy XMR on changenow.
>>29493039>$20 in btcisn't that less than a transaction fee kek
>>29483737For long-term wealth storage I use XMR and physical silver.For pure speculation I invested $5-$10 in about 30 different cryptocurrencies with tiny marketcap in the hope that one or two of them will do a 100x or even more, and I hold a substantial amount of XCM, DNA, BNB and PRQ.
>>29493289Being a greedy prick, I set the transaction fee to 37sat/byte. I just wanted my dust to be in XMR, not BTC. Now I’m suffering.
>>29492430schizos don't kill themselves. Unironically, a lot of them have their suicides staged.
>>29493637>suicides stagedshow me a source for thatspeaking from both experience and meta-analysis there - schizos do kill themselves, or at least make serious attempts
>>2948373799.98% xmr. gambled in shitcoins to get my initial xmr buy in. then sold every shitcoin for xmr. i hold nothing else. everything else is gambling in a gov sactioned casino. xmr is savings.
>>29447625What's the buy in price lads? I've got a couple grand to throw at this dip
>>29495813Just buy in now and hold for 5 years.
The crash is kinda welcome, not gonna lie. I just want to reach 2 BTC and low hundreds XMR so I can be frugally comfy until I'm 92 and with 35 grandchildren.
>>29497104That remains to be seen over the next few days if XMR will crab/ keep at 200 or follow BTC.I thought it would have crashed far below 200 by now but not yet apperently.
>>29497523Fresh FUD for the bakery. Although I thought XMR was already banned in South Korea kek.
>>29461409well, you can pay them or use a dumb fucking sidechain in which fees go to a private corporation. the fuck happened to crypto.
>>29497896Load ze south korea fud
Also this might be the reason for the BTC crash.
Btc ratio looking nice so far.
>>29498200they only got fined 18 milbitcoin is unironically going to crash into the ground
Ok anons, I did buyed. We can now go back to where we were... Thank you for your patience.
>>29497896Atmic swaps when?Here some bullish news from Germoney:https://www.btc-echo.de/so-will-die-bundesregierung-die-krypto-anonymitaet-einschraenken/> Accordingly, all crypto transactions that exceed a volume of 1,000 euros should be reported.These madman literally want everybody to report all crypto transactions over 1000 Eurobucks.I believe this will sooner or later cause a big run to anonymity. I believe most small people/traders only didn't care about covering their trail since there was not such widespread use of tracking tools in the past and no specific laws targeting them.Now that they are in a kind of direct breach of law they will look for active ways to avoid appearing on the radar.I can already hear them sing: https://www.youtube.com/watch?v=vuP2oTZMt1M
>>29498200>Also this might be the reason for the BTC crash.This article should be essential reading for everybody in crypto:>The Bit Short: Inside Crypto’s Doomsday Machine"This is the story of a Bitcoin trade — the most financially impactful trade I’ve ever made in my life. It’s also the story of the deep-yet-frantic investigation of the crypto ecosystem that led me to make that trade. And it’s the story of what’s really going on in crypto — and what we should do about it.If you own meaningful amounts of cryptocurrency or you’re considering buying some, you’re the reason I wrote this. Please do read to the end."https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3
>>29498498Thx bro appreciate it bro
>>29498200>>29498666>>29498380you midwits should have been worried when the result of the trial wasn't in yettether is apparently too powerful and is here to stay. I was fearing an actual rugpull.
>>29497896Why the fuck are these delistings always for "privacy coins" and not just for Monero itself?
Comfiest crypto. Goes up I hold, goes down I buy. FUDers and glowies seethe.
What does everyone think about the Edge wallet (on Android) vs Cake Wallet (Android) vs potentially any other desktop or mobile wallet that is open source AND has exchange features/acts as a multiwallet etc? Stuff like Exodus , Feather , Kraken if I recall are proprietary but seem to act as multiwallets for stuff besides XMR and BTC, solutions to cash out into fiat etc. How does Cakewallet do with this? How about Edge? I started with Edge because it was FOSS and had these features including exchange and the like, but I don't know if its fees are too high or its not advisable. How does it compare? It seems to be right there on the Monero suggested light wallet list on the homepage.
>>29450555Doing gods work anon thank you. 2 more weeks please.
>>29499339Both Edge and Cake Wallet are pretty solid. Edge supports more coins if you're into that. They also have their own "login/password" master password that encrypts your account on their servers (if you lose those, you lose access to your wallet) but it also neatly provides you options to export private keys for the coins it supports (only tested with monero and bitcoin).Cake Wallet is a lot simpler and supports only monero and bitcoin which are the coins that actually matter anyway. But if you're into having a bunch of altcoins this can be a negative. I also like that they create and use Electrum-based bitcoin wallet/seed which makes it easy to open the exact same wallet on my Electrum wallet on my laptop. Same thing with the monero wallet/seed.
>>29498628>These madman literally want everybody to report all crypto transactions over 1000 Eurobucks.That's fucking bonkers. Why would you EVER announce plans for this in advance? If it looks like it's going to pass, instant flight to privacy.>>29499339Open source is an inviolable first principle of cryptocurrency. No source, no trust.
Btc ratio +5%
>everyone freaking out and acting like this is some massive crashWhy? Seems to be a fairly normal dip to me.
>>29499033Because the government targeting one coin would be weird and if another privacy coin appeared they would have to make a new law.That said XMR is the only real privacy coin so this is really just monero regulation.
>>29500379Which wallet do you recommend for Monero? Castelo’s still in dev hell, it looks like.
>>29500382It's only down -50% in 7 days. But I'll take +5..
>>29500583Lots of new fags that bought BTC at the top losing their shit.
>>29500698Zcash and dash are shitcoins though. I think it would be bullish if they target XMR only and I suspect they deliberately try to delegitimize XMR by grouping it with shitcoins as a "privacy coin".
>>29500740Monero is not down 50% you demoralization nigger. We are outperforming the market right now and the btc ratio is gaining. These are positive signs.
>>29500710I'm a big crusty GNUbeard so I use desktop and CLI wallets. I haven't picked a mobile or hardware wallet yet, but Ledger looks promising.>>29500698Also because explicitly naming an asset you're banning makes people panic buy it or hoard it. See also: AR-15s, 30 round magazines, energy drinks, Third Reich propaganda, precious metals.
>>29500740It's not down 50% in btc ratio
>>29500379>>29500015Thanks. I'm holding my main Monero wallet in MyMonero currently, but I'm trying to figure out the least expensive ways to get exchanging for altcoins and other crypto, as well as both "fiat > crypto " and "crypto > fiat" out with the minimal amount of fees and necessity to transfer from wallet to wallet. I think Monero has great utility and value as an actual currency and its privacy features, but it is kind of frustrating that all the "big stuff" seems to happen with other coins like ETH, BTC on one end or the "random DeFi bullshit that costs a fuckload of ETH Gas" on the other. Likewise, I'm also trying to decide if I should essentially mine Monero (on like only a couple of GPUs and CPUs part time) or mine the most profitable things (I hear it tends to be ETH) and then just exchange for Monero as needbe etc. Also, anyone want to weigh in on the dip currently and how long it will be before it goes back up above $250 again? I really should have set up some sort of "sell" option at that point but I'm not sure the best way to do that and if I should sell into another crypto or fiat.
>>29500710Use the CLI if you like terminals, and the GUI otherwise.
>>29501057>>29500935Maybe I’m just overly paranoid about hot wallets; do you keep them in an encrypted partition or something? I’m worried about just having my keys sitting on my hard drive.
>>29499339All I know is I’ve heard good things about cake wallet
>>29501015My strategy right now is mining Monero on CPUs and Ethereum on GPUs since that's maximum profit for my hardware types.>>29501201Anything short of a government goon squad with automatic rifles is not going to set one foot inside my house without my consent. At that point rubber hose cryptography is the weak point, not what algorithm I use on my hard drives.
>>29501015Similar question, are we still on a downward trend? Looking to buy some more and hoping I can get it under 200
>>29501015I should mention I transferred a small amount of my profits to Edge as a "hot wallet" and used its in-wallet exchange setup, but I'm not sure if its worthwhile or not - the fees or rates on exchange and on fiat buy/sell options etc. Its nice to have it all there on an open source wallet however. I did something monumentally stupid though not realizing that the big name stablecoins were fucking ERC20 tokens so I shifted some of those profits (ie I took some change I had in Monero worth about $150 at the time and moved it into Edge, then swapped it in app to Doge at 3c and got it out around 7c on the bounce so I had like $300-ish.) Stupidly decided to hold before Doge went down again into Tether the largest marketcap stablecoin, where now it sits in Edge because I don't know the amount of ETH necessary to get it out etc). I'm wondering if using Edge's functions for this stuff is better or worse than using a separate wallet and something like Bisq or other exchanges etc.
>>29498666That article is fucking retarded and reeks of pretentiousness from the self-absorbed author
>>29501534I think so yeah. Maybe it will hit 150. Then again it already hit -50% so a bit doubtfull.
>>29500996you right. It's only down -29.1%.I'm still fucking long XMR because I have nothing else to go to.Bitcoin is cucked by chink miners and the Chain Analysis
>>29501448Makes sense. I’m just not so great when it comes to digital asset management.
>>29447625Let's not forget what XMR is for, eternally BTFO roastieshttps://youtu.be/Bx8BqzAoKsI
>>29501781why are you ignoring today's green bar?and compare this to other cryptos. Monero is outperforming the market right now.
>>29453918>we had the nutty leftists here hounding for itThis isn't a team game thing it's a fuck poor people thing
>>29502192>implying lefties don’t hate poor people
How badly would we be affected if it was banned everywhere?
can't believe I done let my gpu just idle when xmrocean lets me just mine RVN and swaps it for that good orange stuff for conveniencegetting comfy bros
>>29502340If just Monero is banned, probably a tumble but not a full out collapse since people could still anonymously swap BTC for it and it would stll be useful for most use cases.If ALL crypto is banned, everyone gets hit really hard, Monero weathers the hit much better than everyone else.
>>29502601Yeah, i feel like as a community we should take steps guaranteeing at least monero stays safe from any sort of regulation. Promoting decentralized wallet, making sure the currency remains de centralized that type of stuuf.Also new bread>>29502671>>29502671>>29502671
>>29454199Not an advocate for a wealth tax but the Netherlands has something similar to it. You owe the state 2% of your capital every year.Can't see that happening in 'Murica
>>29501852Holy shit I got 'nam tier flashbacks from this video. Fucking roasties.
>>29501560I know some people might freak out with this comment but if you're trading consistently you're better having liquidity readily available directly on exchanges. Use wallets to store for the long term or if you intend to use in day to day life instead of trading.