Why aren't you buying a crypto currency that actually goes up?
>>62833773I bought ZEC and got a 20x. Thanks
>>62833916Zionist Cash is traded but never used. It will inevitably fail.
>>62833916I don't want the anxiety of knowing that zcash will inevitably crash and become completely worthless. I don't want to check price daily and be ready to unload a piece of jewish VC pump and dump crap for a quick profit.I hold XMR, it is actually the only crypto I legitimately use regularly and I'm confident that, in a world of uncertainty, authoritarianism, censorship and ever increasing surveillance, Monero value will slowly become indisputable. Monero is true financial freedom, it is an edge against the world turning into a mass surveillance shihole
>>62834012monero is a means of exchange, for black markets, nothing more. it doesn't protect you from a state that is after you, it just lets you buy time as long as xmr isn't broken. it isn't a world changing technology, it's one more tool along with the hundreds of other tools such as vpns, i2p, mixnets, etc
>>62833773Because it just looks like every other shitcoin when you put it at its bitcoin pair.
>>62834133Only a mean of exchange, yes. Good thing I did not listen to the bunch of retards shitting every single monero general with this bullshit while it was sitting at 150$ for years. Now it is trading at ATH while 98% of the market is in the shitter. Monero inflation rate is very low, adoption increases value and with everything going on in this world, more and more people will be incentivized to hold digital cash. You can start to build your safety reserve now or when it's trading at 5k,
>>62834158for a means of exchange, the value of the unit is completely irrelevant, it could be 600 or 6 or 0.01, it doesn't matter, the same reason why the value of a software like tor browser is irrelevant, it's not money
>>62834219Software like Tor don't have limited and predictable supply, your point makes no sense.If more and more people are competing to get something with a tight supply, it's price go up. The value of the unit being irrelevant for monero to work as a means of exchange has nothing to do with that simple fact. On a technical standpoint it is not wrong but it is completely irrelevant to the topic
>>62834267but since it is not money/a store of value people will sell it to get something that is actually worth holding, it will be volatile, and since there will only be one money in the end, monero will keep bleeding value vs it, using it does not increase the value of it in itself, so, no, monero will not inevitably increase in value, there could be more seller than buyer any time depending on what people want, and, regardless, it doesn't matter because it is a means of exchange
>>62834346It is money. People regularly buy goods or services with it. It being a store of value is arguable. The value is going up and people are incentivized to hold a stack as an edge against government surveillance and overreach. It is always fluctuating in search of an equilibrium but as long as more people want to get in that equilibrium will be on an uptrend. The offer is limited and everything points to an ever increasing demand. I think you're delusional if you think there will be only one money
>>62833773Are we getting an XMR pump after the binance hack?
>>62833773I did. Several years ago.
>>62834413no it is not, a medium of exchange alone is not money. monero is payment software. money needs to be a store of value too. read some austrian economy.
Plebs still failing to grasp the power of Monero. Sad.
>>62834541>money needs to be a store of value tooI saved 16k in XMR and now it's 50k. I spent some alo g the way. Never "cashing out" kek
>>62834541Maybe it is only a medium of exchange for you but others think otherwise and there's nothing you can do about it. Monero's role is defined by the network of people that is vested in it, not by the very person that advised against investing some money in it because "it is only a medium of exchange and hold no intrinsic value". We heard the same discourse over and over with bitcoin and the market proved all of these people that they were wrong. History repeats itself, you missing on a lifetime opportunity is not my problem
>>62834571intrinsic value doesn't exist, value is subjective, and when an asset is not money it means it will inevitably bleed value vs actual money. there is no lifetime opportunity on monero, it's just a tool. to be qualified as money it needs to be a store of value, a unit of account and broadly accepted as payment. being a privacy tool only useful to pay under an authoritarian government for a niche of people in a black market does not make it money.bitcoin is not money either but it may be money one day. the market treats bitcoin more as a store of value than a medium of exchange (even though it has the capability of being used as payment).
>>62834602>and when an asset is not money it means it will inevitably bleed value>to be qualified as money it needs to be a store of valueYour takes are so retarded I don't even see the point arguing with you. I cannot even count the assets that hold their value over time against money and money is the opposite of a store of value in the inflationary environment we live in. Black market and informal economy is a very significant part of global GDP, we're not talking about a "niche". Monero has infinite room to grow compared to it's current size
>>62834632money IS a store of value. and a means of exchange and a unit of account. it is the most marketable good in the economy and it's a special asset, it is not wealth, it is a tool that serves as a way to reallocate ressources efficiently. a free economy doesn't need more than one money and since the market sets the price, there will always be one that performs the best compared to the other. the market will select the money that does the best job at being money, and there's a list of precise properties that are mandatory for it to be money (easy to authenticate, divisible, secure, etc). the fact that we live in a fiat standard has nothing to do with it. the economy is deflationary regardless of what you use as unit of account. the black market is a small fraction of the economy and it also shouldn't exist, the world shall be free, every market is valid as long as it doesn't violate the natural rights. you don't change the world by using privacy tools, you're just fleeing from the problem, a state that has grown too large, and the only way to deal with that is to defund them, which can only be done with money that they cannot control.
>>62834700Checked. Hope you have a nice XMR stack bro.
