Monero (XMR) thread

Mikeyd03

Woodpecker
The more I dig down the Monero rabbit hole......the more I can't understand how this coin is sitting at $230 per coin.

-private/untraceable
-completely fungible
-Scarcity
-decentralized mining
-proof of work
-adjustable block size

At the very minimum the dark markets are going to adopt monero as their currency of choice......this is a value grab in the trillions. It's already the default currency of TOR.

What am I missing here?

Am I really just accumulating this for pennies on the dollar right now?

It feels like I've stumbled upon Bitcoin when it was hovering at lower prices.

Just sit and really think about how important privacy is going to become in the next decade.....AI, central bank digital currencies, "Great reset", etc.......

I really could not be more bullish on XMR. I am now at the point where I enjoy see price declines as it allows me to accumulate more XMR for my dollars.

Edit (for those in the USA that would like to easily accumulate monero)

>download cashapp and cake wallet
>Buy bitcoin on cash app
>Send Bitcoin to cake wallet and exchange BTC for XMR.
 

username

Ostrich
Gold Member
Agree Mikey. I've been watching crypto currencies since 2013 and haven't found anything yet that can rival Monero for what it does.

Why is it so low? Well, everyday new coins are introduced with new features, new hype, new pumping, etc. and investors gravitate towards those. Meanwhile Monero does the same job from day 1 until now. It also has a bad image from media reports that might scare some away.

I think Monero will shine once regulation hits crypto currency.
 

bucky

Ostrich
Agree Mikey. I've been watching crypto currencies since 2013 and haven't found anything yet that can rival Monero for what it does.

Why is it so low? Well, everyday new coins are introduced with new features, new hype, new pumping, etc. and investors gravitate towards those. Meanwhile Monero does the same job from day 1 until now. It also has a bad image from media reports that might scare some away.

I think Monero will shine once regulation hits crypto currency.
I agree with you guys. I don't understand why XMR isn't bigger either. When I first looked into crypto during the big boom in 2017, Monero seemed like the clear choice, but it hasn't really changed much in value since then.

Although when regulation comes to crypto, I wonder if it will be banned outright.
 
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I think it is so low because people actually use it as a currency not an investment. Saw some videos in which the XMR proponents basically suggested to only buy Monero when you want to use it to buy something. That dosen`t help in pumping the price, I guess.
 

bucky

Ostrich
I think it is so low because people actually use it as a currency not an investment. Saw some videos in which the XMR proponents basically suggested to only buy Monero when you want to use it to buy something. That dosen`t help in pumping the price, I guess.
That makes sense and is actually very commendable, in spite of XMR's reputation as the crypto choice for criminals. Still, you'd think that supply and demand would eventually kick in and drive the price higher.

Whether with silver, crypto, or many other things, supply and demand seems to work less and less like it's supposed to nowadays.
 

kel

Ostrich
Monero seems to still be one of the harder ones to get. Neither Coinbase nor Gemini seem to offer it, though they offer many others I've hardly heard of. Plus getting it anonymously, if you want to make a major investment, is hard and/or expensive (buy ETH, with a crazy fee, then trade for XMR, with another crazy fee, etc). I like the idea of Monero, it's one I want to use, but as always buying in and cashing out are the chokepoints.
 

ItalianStallion9

Woodpecker
The more I dig down the Monero rabbit hole......the more I can't understand how this coin is sitting at $230 per coin.

-private/untraceable
-completely fungible
-Scarcity
-decentralized mining
-proof of work
-adjustable block size

At the very minimum the dark markets are going to adopt monero as their currency of choice......this is a value grab in the trillions. It's already the default currency of TOR.

What am I missing here?

Am I really just accumulating this for pennies on the dollar right now?

It feels like I've stumbled upon Bitcoin when it was hovering at lower prices.

Just sit and really think about how important privacy is going to become in the next decade.....AI, central bank digital currencies, "Great reset", etc.......

I really could not be more bullish on XMR. I am now at the point where I enjoy see price declines as it allows me to accumulate more XMR for my dollars.

Edit (for those in the USA that would like to easily accumulate monero)

>download cashapp and cake wallet
>Buy bitcoin on cash app
>Send Bitcoin to cake wallet and exchange BTC for XMR.

The average human is a sheep. Even myself several years ago was using Google Chrome, trusting the military agendas, watching the news. Now after seeing the truth, it seems like common sense for us based patriots to value our privacy with common sense changes.

Do I believe monero is one of the best coins? Yes.
Do I believe Brave is a good browser? Yes. Do I believe chrome is one of the worst browsers? Yes. Yet chrome makes up 2/3 of browser market share.

Monero seems to still be one of the harder ones to get. Neither Coinbase nor Gemini seem to offer it, though they offer many others I've hardly heard of. Plus getting it anonymously, if you want to make a major investment, is hard and/or expensive (buy ETH, with a crazy fee, then trade for XMR, with another crazy fee, etc). I like the idea of Monero, it's one I want to use, but as always buying in and cashing out are the chokepoints.
CakeWallet (free open sourced wallet) has a decent built in exchange. The fees aren't too bad here.
I believe they use ChangeNow (https://changenow.io/?from=btc&to=xmr)
 

Deepdiver

Crow
Gold Member
If anyone wants future access to my private TA and fractal wave analysis Charts regarding XMR, BTC, any other Cryptos, or any other tradable assets - Stocks, FX Currency, Indicies, Commodities, Gold, Silver, Platinum, REITS, ETFs and Cryptos with or without major Buzz factor... Anyone on my protonmail private secure email list will be able to request periodic Fundamental and TA analysis for optimal trade entries and exits that I will share with the TA trading team. Exciting Projects announcements soon.

Shoot me a PM with a private secure protonmail account.
 
Reminder: Monero is undervalued. Keep accumulating.

On my long list of crypto related tasks adding more Monero is on that list. Other tasks include accumulating NFTs, getting more exposure into DEFI (i.e. having money in pancakeswap), solving my keepkey issue, and solving that double charge coinbase and binance both charged me (what luck).
 

ItalianStallion9

Woodpecker
On my long list of crypto related tasks adding more Monero is on that list. Other tasks include accumulating NFTs, getting more exposure into DEFI (i.e. having money in pancakeswap), solving my keepkey issue, and solving that double charge coinbase and binance both charged me (what luck).
Accumulating NFTs by selling them for currency? Or spending currency to buy them?
The NFT concept seems unusual to me. Can't tell if it's a bubble or the future.
 

BURNΞR

Pelican

Stock to flow model says xmr should be $8-900+ right now so im having trouble explaining why it is crabbing and still 50% down from its all time high of $470. In terms of BTC ratio its also at the bottom. It was over 0.03BTC in 2017 which is over 7x its current valuation.

Assuming no supply exploit, I can only guess that the market has yet to realise the true value of this coin. Right now coins that allow you gain money on interest are the big hype in the market - like defi coins, staking coins like ADA. You cannot earn with XMR without trusting a third party that can get hacked or exit scam. Some of them like https://we.incognito.org/ offee 9% APY but there's a risk of losing all your coins.

There's also the lack of exchanges = low liquidity = price go down. Atomic swaps would probably fix this in a big way.

Right now this is definitely a value buy at its current bitcoin ratio and I never have to worry about its utility or usage. The only question when this will take off.
 
Bullish on Monero, long term. Also, check out Firo (formerly zcoin I think). Firo has a way to "burn" existing coins and mint new ones, making it at least as private as Monero. I'd heard of XMR but not Firo, only discovered it because it is one of the most profitable to mine on my GPU. After reading about it, it seems it might have potential, even on the Monero website where they do a privacy coin comparison.

I'm a crypto newb so nothing I say should be taken seriously. The Monero community seems pretty solid, just by looking at their web site. I think having a core, committed community is vital to not only tech advancement but coin adoption...just look at how fanatical the BTC community is.
 

Mikeyd03

Woodpecker
Monero is a necessity for a certain market (trillion of dollars dark markets) right now....

it is more scarce than bitcoin until 2040.

What happens once central banks transition society completely off physical cash (they already are)....

dark markets will move to the cryptocurrency which offers privacy by default (Z cash does not offer default privacy).

DCA if you can. Monero is still extremely undervalued.
 
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