The Crypto Market Dumps Again (XMR is on Sale!)
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- เผยแพร่เมื่อ 5 ต.ค. 2024
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45F2bNHVcRzXVBsvZ5giyvKGAgm6LFhMsjUUVPTEtdgJJ5SNyxzSNUmFSBR5qCCWLpjiUjYMkmZoX9b3cChNjvxR7kvh436
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Best way to buy Moreno ?
no identy check
getmonero.org
@@MentalOutlaw Best way to sell Monero?
@@HatTrex the same answer
@@HatTrex the best way is to spend it
I'm indeed looking to buy. I'll be happy to buy all these gpus that miners are stuck with now at a great discount.
this to, but now the next series of GPU is so close to release
@@MentalOutlaw yeah, I think it would be better to at least wait for the rtx 4000 series announcement
@@MentalOutlaw will they release enough for the market to actually acquire anywhere near demand?
@@MentalOutlaw close to release if you're only interested in the most expensive models. the cards that most people will buy wont come out until early next year, thats how it always goes.
@@AuxiliaryPanther Probably not.
I love using monero for all my daily legitimate business!
It's fantastic for all those hard-to-find veterinary items.
Have fun losing all your money in a crash 👋
Having a private crypto is important. Privacy is important. You don’t know what you want to hide until it is no longer hidden.
Well, if we say our financial system is rigged; we have to say (potentially) Bitcoin (insert your favourite crypto here) is too: who is to tell that it's not a small bunch of friends owning the first n wallets and having a disproportionate amount of control over the price fluctuations?
And then there's the fact that people who actually can mine a meaningful amount of BitCoin are entities that have a lot of fiat to invest in the first place...
Damn this whole decentralized thing sounds pretty centralized
Protocol ownership centralization and protocol centralization are two different things. Example: Hex is 90% owned by a single entity. However, the protocol is fully decentralized and immutable code.
@@JamesStakerWin uhh, so influence over 90 percent of the chain ISN'T a bad thing? Just because the code is immutable doesn't mean its a good investment, or even secure. The protocol being decentralized doesn't matter when the INFLUENCE is central to one entity. That's what decentralization is trying to fight. DISPROPORTIONATE INFLUENCE. Currently, with these coins, this isn't happening.
@@bennyboiii1196 Decentralization, the kind we want, is about fighting censorship. The only reason we deal with slow blockchains is censorship resistance. It has nothing to do with ownership rates.
Celcius was a popular cefi "not a bank" and it crashed because the code itself was reliant on this messy centralized entity playing with leverage. Hex is code, you run it yourself. It requires only that Ethereum (and PulseChain) continue to function properly.
Or centralized with extra steps as one could say
@@JamesStakerWin Why are you moving the goalposts, so it's not about decentralization but censorship now? lmao
The crypto market is heavily manipulated, it's basically controlled by three corporations; Thether, Alameda, and Bitfitnex. Buying Monero is a good idea if you expect to use it in the immediate future, however buying it for as an investment is a great way to lose money. XMR was heavily shorted during the past bull run, investing in crypto is just a bad idea as long as tether and centralized exchanges continue existing.
Perfectly put.
XMR fulfills the task of transferring money anonymously and getting past regulations no matter what exactly its price is.
Crypto currency is not an investment, it's a currency and should be used and treated as such.
@@j.r.8176 Crypto is not necessarily a currency. Most regulatory entities don't treat it as one, many of them treat it as commodities.
So basically, the problem with decentralized currency is that it's centralized. gg cryptoids.
@@BadBoiFX or a speculative asset
@@ticklezcat5191 it's just how free market works, and the crypto market is the closest thing we have (had) to anarcho capitalism. There's gonna be a handful of big players eventually, and if there is no regulation, monopoly is inevitable. It's not the cryptoids' fault, no one can prevent this happening because it's coded into the system.
Man that Canadian Trucker situation really made the dystopia feels set in.
that situation is wild. a lot of truckers are losing their jobs for being caught in the protest.
The whooooole thing sucks. A whole bunch of uneducated fools getting used as tools by conservative megarich, then the other side using Orwellian tactics against them, thus proving them partly right. Really makes you want to lose hope.
I've been bullish on XMR for a long time. I was just ahead of my time when I thought it would do well last bull season but no, it's performance was lackluster. Regardless of it's dollar value, I keep buying. At least on these bear market prices, it's an irresistible investment.
Yea i was disappointed with its performance as well. Kinda regretted buying it but I think itll do well in the long run. Never selling!
In a bear market the most speculative assets are hit the hardest. Almost impossible to be more speculative than crypto, you're going to have to wait for rates to go down for crypto to go back up
Waiting for the scam reply chain
"when they see u typing in terminal, they think you are hacking" I felt that
I have been in Monero since day one and I can tell you Monero is what people that bought bitcoin thought they got.
they need to use quantum entanglement for data transfer
@Chormerly Fucks if you bought monero in the past 2 years you're still up
Summer Sale
Big respect to you. Since, you are literally single person in my feed who chose not to be silent in these times. All others crypto channels are silent for unknown reason. And it's not about a financial advice, but about support. You know? Like, I'm losing money too and I'm here with you, please don't be depressed, don't give up on life because of this.
Lmao, it won't recover, you're stuck with sunk cost, just make back what you can now before you really do give up
@@MechanicalMooCow I'm not talking about will it recover or not. Nobody knows that. I'm talking about emotional state of people. Feel free to read my comment again.
Finally I can buy GPU without selling my liver
The projects that I loved the most and did the most research with actually lost me the most money. I have been able to make money by day trading if you can read the hype. Yesterday there was a clear dead cat bounce. They said a record number of people were longing btc before the last dump. Don't know about record-breaking, but I saw the data and am convinced the last dump was manipulation to liquidate them all.
Well, in the real world, currency is used as a means of exchanging stuff, not investing.
Cryptocurrency was also made with being a medium of exchange. However it is mostly useless at that, but is very good for speculation.
Always remember: You can‘t beat the market.
If you were to be able to beat it, then not only does capitalism fail to provide the best outcome for the most people. It also fails to achieve its direct main goal, which is to fond the most money-efficient price for everything.
If you beat the market (longterm) you beat the very essence of capitalism because that would imply you found a more efficient market than capitalism.
5:42 Or financial institutions would just freeze your money when you try to send money from Russia to Ukraine to help your friend shelter in another country from warfare (my acquaintance encounted such situation yesterday)
Disgusting really 🤦🏻♂️
you know youve made it when you have scam bots in your comments. good video like always, appreciate the work put into these videos man 🤝
You know youve made a good comment when you have bots in the replies, good job man
@@zakyia lmaoo
I am better than pewdiepie 😱🗿💖😂😎🙄🕪🕪🕪🕪📣📯📯📯🎤
😳😳😡😡😠😠
(/S, obviousl)
My challenge is that I wanna be a true degen by only getting crypto from people paying for goods and services
the bognadoff continue to pull the strings from beyond the grave. sminem wasnt expecting the ambush
My use cases (and please call me out if it's stupid)
Bitcoin: I use it specifically for investing into it, like a stock.
Monero: I use it specifically as an actual replacement to fiat currency.
If you’re rm -rf ing your life don’t forget the -no-preserve-root
Okay, let's say I want to spend my last money on Monero and get out of this country somewhere far away. How to do it in Belarus?
_The country is not as criminal as, for example, Brazil, but it’s really scary to live here, because it’s not clear what the our grandpa-president wants to do…_
That sounds terrible, wish you the best.
The only 2 cryptocurrencies I see having a long lasting future is XRP and Monero, XRP cause central banks will control it and Monero cause central banks can't control it, everything in between is destined to be regulated out of existance.
No
But isn't XRP in a legal problem? Why would XRP last? (I don't know much about the topic just wanted to know more)
@@saidneder41 XRP is not seen as a cryptocurrency by the SEC, but XRP asked the SEC to be recognized as not a security prior to this (which the SEC made no comment). Once SEC and XRP settle in court, it will return to popular exchanges again (which will cause some artificial increase)
@@seasonedcurlies9005 sounds like hopium itll drop 99% before any of that
@@saidneder41 this might sound like conspiracy theory but if you dig a bit into it you can see for yourself, SEC had 0 chance from the begging and this case is most likely to set precedent/push legislation out faster. XRP is arguably the crypto that complies the most to regulations (and partnerships and use cases prove it).
Play both sides. Buy a shit-ton of Soylana because its the most centralised garbage that makes it the most appealing to the fiat system loving insitutional investor.
Then buy a shit ton of monero because it's the based coin of choice.
@@paul.1337 I'm a crypto investor ofcourse I do.
Buy xmr, never sell, the features and Bogs will pump it - rule of thumb since it came out
The table at 7:18 for gold under verifiable: based on density (the classic water displacement method) or chemistry to separate pyrite or nordic gold (Cu+Al+Zn+Sn alloy) from the real Au
John McAfee said monero is the future!
kek
I didn't realize buying btc has become such a pain. In my mind crypto should be bought at the local peer to peer level with cash or other physical good or commodity. Buying from a company just feels weird. Also I'm more optimistic about this crash than pessimistic.
There are still decentralized exchanges out there
I also love how many of the big exchanges charge you 0.0005 btc (10€) for withdrawal when the transaction costs are around 0.0001 on others. Basically they are ripping off users that dont know much about crypto.
@@RealBullbear still sounds better than a small percentage mark up when purchasing. That was relatively common in the peer to peer market. Who ever is selling sets the price.
@@lucasbrant9856 list them. I am trying to buy some for days.
@@nikos4677 Personally I've only had experience with Bisq but googling other names show up like tokenlon and uniswap.
One use for NFTS: ID's that cant be forged, stolen, etc. Credit cards that cant be forged or stolen.
@@kryptofreedommedia1899 True point about anomity, but it was just an idea. NFT's can prove owner ship that cant be forged. Maybe it could be used as a Will. IDK, just ideas out there.
@@richmail but instead we use it for ugly monkeys and other shit nobody needs 🤦🏻♂️
I hope more developers get involved with Monero or else the governments will take over some day to destroy it.
How would you rank the most popular XMR wallets from bad to good? Maybe a good topic for a video?
I appreciate your comment!!! Now please dm me all of your money.
I appreciate your comment!! derivative reddit humor, laugh please
@@inparis5724 did youtube censor the start of your username?
MONERO GUI WALLET is my #1 pick but it's desktop only, also what you'd use if you had a trezor/ledger hardware wallet
as for mobile, cake wallet works pretty well for me, and you hold your own keys/seed phrase
Buy only first hand GPUs, the cryptobros selling their overcooked mining gpus have no shame, you will have a huge chance of getting and incredibly short span life gpu, lets not even talk about the modifications they might have done to them. Dont let them "recover some of the inversion"
Linus tested it. And there was no difference to a gpu used for gaming vs a gpu used for mining. The mining one was actually bit better. Electronic devices really dont get worse over time when they dont overheat or something. Most of the time some mechanical parts brake like the fan.
@@xCwieCHRISx the overclocked gpus will surely be better but they wont last long, there are a lot of whackos. The whole point on why minning gpus lifespan tends to be way shorter and they ought to replace them every three years is the constant wear and tear, overheated and agresive cooling to keep them in check.
This is nonsense. Most miners under volt to increase efficiency. I guarantee you would not be able to tell in the long run if it was mined on.
@@MadTrollGaming I see a lot of lies spread around. Taking into account how some individuals have wharehouses full of useless overcooked gpud i get that many people will try to pass absolutely toasted pieces and prettend is all fine.
How about buying first hand ? Enjoying guarantee for over the available lifespan for those bricks with fans cryptobros try to feed us is the best idea. Demand will lower further the prices of firsthand ones so i am not particularly sad for the poor sods buying them. Keep believing that
No miner buys GPUs to overclock and cook them, stop spreading misinformation.
Great take as usual.
I've been following crypto since about 2014, though I'm only interested in the ones that actually proved themselves - Bitcoin, Ethereum, Monero and perhaps Stellar. I personally hate the clown world economy as you put it, the constant rug pulls, the NFT craze, the fucking crypto islands, the institutional investors. It's all cringe and I hate what "the community" has become since 2017.
Crypto is an investment option, but what I don't think most people realize is how crucial this technology is for survival of personal freedom. This is also why we constantly see governements and "the elites" in general going against crypto with whatever they can - both legally and in propaganda like saying we need to ban it to protect the Earth. And then the same people fly on private jets.
Remember - buying Monero is a moral good. It's buying your way out of the matrix. And I don't mean that in an esoteric way - you're simply taking your capital out of their financial system and putting it into an alternative ecosystem in which the banks, the governements, the WEFs and Blackrocks of this world have to play by the same rules as normal people.
Even if you're not interested in investment - it's good to have some Monero in a wallet stored somewhere, because a huge economic reconing is coming. Many countries plan to get rid of cash soon and then you'll regret not owning any means of anonymous payment. An when that happens - Monero will be king.
For every buyer there is a seller 😉
@@John_Smith100 Correct, that's why it's worth to learn to produce something. Something that requires specific skills/equipment and gives high value.
Like the stuff most people buy with monero on the DNMs, since that's always in demand 😉
@@John_Smith100 greater fool theory
@@John_Smith100 brother
I just wanna say the thump nail is freaking amazing XD
Until you can do something with cryptocurrency other than trick other fools into buying your cryptocurrency, it will always be a fools' market.
I know this might be a pain in the ass to make but if you could make a video on how to actually buy or obtain some in a more private way that would be awesome. The only xmr I've got is from mining for about over a year now but it's not a lot.
iirc bisq is good for it bc you can send cash by mail for monero and there's another p2p market that monero peeps say is good but I forgot the name of it
HOLY SHIT ,MONERO TO THE MOON ,IM BUYING A LOAD OF THIS SHIT RIGHT NOW ,THANK YOU I WILL NOW BE A MILIONARE
This isn’t really how it works but ok
625,000 inflatables sounds like a poor bounty
I already bought more BTC. And I will probably change some of it back to XMR. Maybe I'll try XMR this time.
I'm a lot more interested in crypto as a currency than a get rich quick scheme, which is why I've been waiting til I can at least make big purchases without having to go out of my way (like paying with crypto at the local car dealership or something) before I invest more than a couple hundred dollars into it
I honestly regret not buying ETH at 895 yesterday not even for a quick trade
Same, But, Ether will more than likely dip into the $800 - $750 range up until "The Merge". Now, how the PoS goes, will determine if ether drops to $90, and dissolves into irrelevancy or will rally and hopefully depeg from BTC and take the #1 spot. Just thoughts I gathered after researching.
You know what, monero is not looking so bad anymore
Another one of monero's advantages are the minimal transaction fees, its sub 0.01$ i think
That is cause nobody is using it, Monero scales way worse than Bitcoin on the mainchain.
@@Rockmonsterdude That only shows how dumb people are. Why would i use a currency with less privacy and higher transaction fees? . Bitcoin "just" got better marketing.
@@Rockmonsterdude lol. Look into monero, the transaction fees stay about the same when there's a ton of traffic on the network.
@@Rockmonsterdude Fake news
@@xCwieCHRISx Bitcoins number go up faster compared to Monero. That is why more people use it.
What you described is a horrible way to DYOR and a great way to just get confirmation bias
Well said, monero is the true bitcoin
GameStop ape here, appreciate the small mention about the financial system being corrupt. More people need that red pill.
People that don't get in 2022 that capitalist markets are corrupted need a red rectal suppository treatment, not pills.
Wow, congrats to this guy, he managed to make a video where he doesn't talk of Monero for the first 3 minutes and 20 seconds
xmr isn't a good long term investment. You can use it to buy stuff, but xmr works wherever it is worth $200 or $20.
The ways common people are allowed to buy xmr shinks every day due to regulation, so you can't rely on the latent ponzi nature of crypto to pump your bags in the case of xmr. That means you are only left with the people who actually need xmr to do business, but again, their business works at any xmr price.
So you end up with a coin far far disadvantaged than bitcoin just because governments don't like it. Yeah, good coin, bad investment. Invest in Bitcoin, use atomic swaps or just buy Monero only when you need it.
If you need any more proof as to why xmr is a bad long term investment. Xmr didn't even break its 2017/18 high during this last bull run. Meanwhile bitcoin has 3X people who bought at the 2017 top, xmr top holders are still massively underwater
I think governments doesnt like bitcoin either. But they hate monero more.
@@xCwieCHRISx Sure but because they can trace it, they haven't banned many fiat on ramps. Because people can easily buy bitcoin, that allows for more buyers than sellers, which makes the price rise faster and harder.
Meanwhile with monero, even though there are more buyers than sellers, there are the same number of sellers, but fewer buyers now, than were here in 2017. I expect this number to continue decreasing as governments make it harder and harder to buy and spend xmr.
No point in investing in a coin that half the world can't use, if another coin is available in double the locations.
@@xCwieCHRISx They don't care about bitcoin because they'll eventually just ban cash. Destroying all in/off ramps.
How is gold less portable than cash? A 1 Oz coin worth 1800 today is smaller than a wad of $100’s. So an Oz of cash is $2800, but it’s considerably bulkier. I know this isn’t about gold but the portability score should be transposed between gold and cash
Bet you always bring cash and not coins...
@@gamtax well considering that I’m talking specifically about portability, and not the other 8 or 9 categories in the graphic at 7:18 I’d bet that it doesn’t matter what I use on a daily basis.
Stack sats + self custody + chill 20 years. Ya'll be making this so complicated, go on a hike
I'm not adopting crypto until I see it being utilized by everyday people.
Many people invest into crypto but few have adopted it as a currency.
Monero is a great project and it is extremely undervalued.
I saw this one article title like "crypto is falling, DON'T BUY THIS DIP" and immediately imagined a hedge fund manager or whatever as a crying pink soyjak getting robbed blind by regular dudes who see an opportunity. Am I really meant to believe that it's gonna be the end of crypto altogether lmao?
I really get and accept the notion of just how rigged our economy is and how the hyper-financialization of almost all sectors plays into that but I really don’t see how decentralized currency is a solution to the failings of our economic organization of the economy. I definitely think it can play a pivotal role under a different system but under the global hegemony of capitalism I don’t see it being anything more than yet another bandaid at best or a tool for the elite at worst. Please leave any thoughts on this below.
I agree, decentralized economy simultaneously with capitalism is like ecology with capitalism: a chimera.
Yep. I'm just waiting to buy. "Crypto is dying" has happened just about as many times as VR has died. And yet... it still hasn't. One thing history shows is that every time the markets go down, they always go back up.
Thank you for reminding me to move my 10k in btc into monero
that would be a good idea, because you've just made yourself a target
@@mysteryY2K hell yeah, life's no fun without danger.
Monero does not do what Bitcoin does, the whole point of Bitcoin is resistence against all possible kind of attacks and there are several problems with monero; e.g. moneros mining algorithm is asic resistent (data centers are centralized -> cheap attacks as they just need to pause what they normally do) and it is not exactly verifyable (you cant know that there isnt an inflation bug). Moreover it scales worse than bitcoin (tx's are much larger) and the main layer cannot be used by individuals anyways if 'normal' people start using it
I personally won’t invest in crypto until 2 years from now. The economy is too hot.
Investing based solely on smart contracts seems a little silly, as anyone can come along and copypasta the contract. The underlying proof system and ability to interact with others is paramount.
Yeah, but the people who made it in the first place are probably going to care more to improve it over time than a copy pasta dev/team of devs who just showed up. A lot of it is indeed trust. At first nobody really knew wtf ethereum was. But it proved to be great, and was the first of its kind. Then look at all the "eth killer" coins have become dead, stagnant and plain not as good. I do believe there will be some things which will live alongside eth or maybe usurp it if eth doesnt continue to innovate, but ultimately, it is the least likely chain to fall just because of time and the team sticking around and working on it constantly. Monero is similar. By now, I am sure it is the most trust worthy privacy token out there. Others may have more ambition or bigger promises, but have not ywt delivered, not been through a bear market, or havent proven to not be scam-bamboozling people. Eth and monero have stayed around, and now we will see again who sticks around.
I think it is silly to trust or believe in something simply because it is forked from an existing token that has a good premise and makes promises it has yet to deliver on. That kind of investing is for speculation in bull markets. In bear markets you want to invest in the proven teams.
I treat crypto like stocks, and I admit now is a good time to buy the dip (now or deeper maybe,) but I'm hoping to cash in on the dropping house market. Hoping to be a homeowner when prices fall!
"Reason why the market is so unstable, is because the people involved are so unstable"
Couldn't have said it better😂
I dollar cost average into BTC and ETH everyday regardless of the news. I might have to look into Moreno though.
do it fam XMR is the most based
Yeah I exchanged half my btc for xmr, I'm sitting on 5xmr and I might just buy more after this sale. Also I got a little HP churning out 1400H/s LMAO but at least I'm contributing a little to mining even if I don't make anything with it
You'll own nothing and be happy -. Crypto bros
people proven time and time again they don't value privacy. good luck with monero and fully support the mission, but financially I'd advise to buy ethereum
I love the smell of pink wojaks in the morning
If Monero is ever broken (and with intelligence agencies working on it, they will find a way eventually), and people find out that it’s no longer private, it’s value will collapse.
yeah but changes can always be made to the Blockchain, theres constantly new features being added to monero and its evershifting and everchanging and the feds currently seem to not be able to do shit.
@@a.d1775 That’s promising! I think I will buy some then.
Monero is flawed money, while doing what it's suppose to do, the infinite token amount blockchain can technically be valued at a 0 after the liquidity is drained from it.
Mild inflation at a fairly consistent rate isn't terrible imo. It limits the potential rate of growth which discourages speculation and encourages using the token. All tokens can theoretically go to zero.
Monero block rewards will never drop to zero. Block rewards will gradually drop until tail emission commences at the end of May 2022. At this point, rewards will be fixed at 0.6 XMR per block.
Basically at this point monero's emission is fixed and predictable. If you're concerned about 51% attacks the same concern is valid on bitcoin, but since monero is ASIC resistant, there is even less risk of a 51% attack. If tech truly does win out in the end monero will flip bitcoin. Period. There's no question about it.
Even at 0.6 xmr per block, monero will still be a deflationary token as people lose access to their wallets quicker than new xmr being generated.
Pretty sure monero's value is propped up by the crypto bubble. It works as a transaction mode, but not really as a store of value, so hoarding doesn't make economic sense. Do you think xmr will really be worth 100 dollars when it's banned from exchanges?
Picking up btc, xmr, xeq, erg to add to my collection. Picked up 2 xmr today and I mine as well to support the network.
I have been just buying bitcoin every time it drops
Yeah Monero is good , very good and i have few myself too !
Only i think i wish was it had staking to lock it for 30 days and earn like 7,5 % like Cardano , Soland , Sushi swap , Tezos , but it is what it is at the end .
Ethereum price might blow up after they switch to proof of stake in August
That said i think we might be heading for a crypto winter or at least a market correction after all the crazy bull market
Staking is a pretty good strategy too to ride out bad market conditions and make some profit
That depends of how much you stake and where but in fairly trustworthy sites like Binance you have a good selection of crypto to stake
Sorry for entirely off topic, but I saw your avatar and immediately thought of somebody else who shouldn't be here lmfao
If you live in germany your crypto is tax free after 1 year of holding. Staking however changes this period to 10 years! So be careful and inform yourself of local laws. In the end staking for 5-10% might not be worth if you made massive gains and now want to sell.
Looks like the crypto chads haven't seen your chicken tendie video
I saw this two old guys on the buses talking nonsense about crypto, tho they were hyped as hell since they made some bucks
Funny to see how the gold is more secure than the Bitcoin :)
Do you think crypto is a safe technology to invest in? Can it be hacked basically, or can it be destroyed easily?
I don’t know what to say. I’ve been fooled so many times
You know what'd be a great video to make: show folks how to atomic swap BTC to XMR. We need more folks in this thing.
My main concern with Monero is that its trade is already limited, compared to other cryptos. As far as I know Kraken is the only large exchange where you can buy it. And if the three letter agencies keep failing at breaking Monero, they're gonna get salty and might get government(s) to just use sheer force and ban XMR trade altogether. They can't make it impossible of course, but if it's difficult enough, not many people will bother buying it, apart from those using Monero out of necessity (e.g. criminals).
TLDR, lowering the liquidity could very well lead to the devaluation of the currency.
The question is, do average people actually care about the cool tech behind it? I don't think so
swordfish was the best. the guy is screaming at the cube he’s trying to build/hack? on his computer screaming “yes! no! yes!” wtf
The truly smart sold their crypto in 2020-2021. Everyone knows crypto is highly dependent on gpus and once the foundries start pumping out them out again crypto will immediately start to devalue regardless of fiat or outside influences because there is more supply.
Almost any crypto has an emission curve (amount of inflation) with no relation to the amount of miners that are present. Basically all the miners compete for the predetermined amount that’s minted, so really the price determines the total mining power, not the other way around
That makes no sense, there is the same amount of reward no matter how many miners, the more miners there are the less they have to share.
Btw xmr is mined with your cpu (anybody can become a good miner) - not gpu and mining never influenced the price much anyways
>be me
>Lose half of your savings like 3rd time this year
>Bulk buy like 3rd time this year
Yes, I am insane (chad.jpg)
Monero is good, but that doesn't mean uncle Sam wouldn't crack down on it and ban it everywhere.
Im still waiting for that years
@@thepapervigilante2208 Monero will still be useful, but with barring most of the liquidity I wouldn't be very Bullish on the price.
@@dfcg2958 we don’t need price
$100 is a great entry point the lowest it went last bear market was $35 so not a lot of downside with insane potential upside.
My shit has zero downside and can only possibly go up also
Yep mine too
@@lukemorgan6166 okay fiat boomer
Monero isn't investment, and is highly inflationary by design. Please use it, but don't treat it as investment
Yup, as all coins should be.
Yeah isn’t the point of monero to use as a currency instead of an investment
@@ErlingGrey Yes. I made the comment above because in the video he said it was an investment, it shouldn't be.
Monero is not "highly inflational". It has a steady inflation in order to provide network security & rewards to miners (also keeps fees low) perpetually. It's inflation is asymptotically 0%.
@@Mystical_King Monero's inflation in the long-term is in theory 1%. Not 0%
Again, it's used for utility, it isn't and shouldn't be used as investment. Even the official dev team was pretty clear about this since it's creation
There's a difference between so called criminals(us) and Criminals(aka ruling power)🤣
Is storing Monero in a Ledger Nano a good or a bad idea?
Cold storage is always good id say. Just dont leak your seed phrase anywhere.
As soon as XMR dropped below 100 I just couldn't resist buying. I didn't want to be too greedy
It _DO_ go down!
At the current point in time, I'm less interested in evading taxation by using crypto and more in protecting myself against inflation, and so far monero has not been that good at that. Maybe at a later date, who knows, but for now I'd rather stick to bitcoin.
There are better inflationary hedges than crypto...
@@mrbanana6464
Pray tell Banana man.
You would never get rid of inflation as long as you are exchanging monero for dollars or value them in dollars
@@mrbanana6464 Well, I disagree. To each their own.
What's the video name of the Russian Adidas hacker with green consoles and zoom ins?
It's driving me crazy!
Still don't get the crypto hype for some currencies. The amount of energy that goes into it is insane.
Since BIP-31 you can control multiple Public keys with your private key but send the Coins you got on one public key with the other addresses. This mean I could get my wage on one Address and pay for my utilities on another on and for my hobbies with a third one.
Ok very good anaysis but i have one question
Are there more cryptos alike monero?
And if not what is the problem?
Is it the code that is difficult?
Is it something else?
Can you answer that question making a video about it?
Sorry for my english
Its not my mother tongue
The eventual success of privacy coins is a fact in my mind. This KILLS globozio, this is the correct path for humanity. I am happy any time there is a dip in price in Monero, I can't say that about almost any other asset I have, there is nothing else I am so certain about in terms of investment. It could hit 1 cent tomorrow and I would be buying.
Not bitcoin, but Monero is the digital cash. Read that again. Most shitcoins will collapse but those that have an actual use case are here to stay, and XMR is one of them
So this chart is saying that i should buy gold... Or Moreno but will go with gold nonetheless