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...
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.
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.
@@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.
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.
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.
@@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.
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
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)
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.
@@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)
@@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).
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.
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.
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…_
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
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
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.
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.
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
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
@@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.
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.
@@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
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.
@@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 😉
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.
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'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
@@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.
i have a Q, can you trace to bitcoin addresses together to a single wallet if there is no contamination of transactions between the two addresses? if so, under what conditions?
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!
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
@@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.
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?
@@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.
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.
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 .
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.
i am curious that no one talks about idea that most of crypto is actually own by billionaires who can make these large scale moves of buying and selling. i think i saw a graph floating around web(a known newpsaper) of actual bitcoin ownership in percentages , and common man was in 10% bracket
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
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
Assuming ETH scaling works out, eth gas fees should be negligible. What's the case for Monero, if you could just route money through something like tornado cash and get privacy too?
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?
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
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.
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.
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
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.
Is it safe to say that crypto is legit dead except for niche purposes like 1000% anonymous transactions? Just look how hard ETH and BTC crashed... OR is "bUy ThE DiP" actually a sensible thing to do right now assuming that the coins will creep up again... But will they? Monero looks like something actually worth looking into.
Can you please make a video what one should do in order to have a Monero wallet on your PC? I've tried to order crypto JFF and found that it's extremely hard. I ended up opening an exchange account without a real access to my wallet.
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 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 👋
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?
@@AuxiliaryPanther Probably not.
So many ML training epochs per second…
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
Having a private crypto is important. Privacy is important. You don’t know what you want to hide until it is no longer hidden.
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!
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
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.
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
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.
"when they see u typing in terminal, they think you are hacking" I felt that
the bognadoff continue to pull the strings from beyond the grave. sminem wasnt expecting the ambush
Finally I can buy GPU without selling my liver
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 🤦🏻♂️
Summer Sale
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).
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)
If you’re rm -rf ing your life don’t forget the -no-preserve-root
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.
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.
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.
625,000 inflatables sounds like a poor bounty
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
My challenge is that I wanna be a true degen by only getting crypto from people paying for goods and services
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
What you described is a horrible way to DYOR and a great way to just get confirmation bias
I just wanna say the thump nail is freaking amazing XD
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.
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
John McAfee said monero is the future!
kek
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
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.
Well said, monero is the true bitcoin
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.
I hope more developers get involved with Monero or else the governments will take over some day to destroy it.
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
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
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.
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
Stop teaching youtube plebs about Monero. There are better places for that
He has nothing else to shill to npcs
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
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.
I already bought more BTC. And I will probably change some of it back to XMR. Maybe I'll try XMR this time.
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 🤦🏻♂️
So what you are saying is we should get Monero wraps on our Lambos?
i have a Q, can you trace to bitcoin addresses together to a single wallet if there is no contamination of transactions between the two addresses? if so, under what conditions?
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.
Out of the topic question but what os do you use?
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!
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.
But how to get USD to a non-KYC exchange to buy the Monero to then move into my own hard wallet?
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?
What's the video name of the Russian Adidas hacker with green consoles and zoom ins?
It's driving me crazy!
Have you heard about $DERO? I'm really curious about your opinion on that one.
Ya I feel like it could either be a great coin or just a scam. No in-between.
Another one of monero's advantages are the minimal transaction fees, its sub 0.01$ 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.
Man, where can I find the memes you use in the videos?!
You know what, monero is not looking so bad anymore
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 $90, and dissolves into irrelevancy or will rally and hopefully depeg from BTC and take the #1 spot. Just thoughts I gathered after researching.
Is storing Monero in a Ledger Nano a good or a bad idea?
Cold storage is always good id say. Just dont leak your seed phrase anywhere.
Yeah Monero is good , very good and i have few myself too !
Only i think i wish was it had staking to lock it for 30 days and earn like 7,5 % like Cardano , Soland , Sushi swap , Tezos , but it is what it is at the end .
The advert is presumably geographically limited. I have never seen it and have no idea what you are on about.
Thanks mental! I made 200$ overnight
You are using different addresses for Eth and usdc
Does that mean we can't send random erc-20 token to your Ethereum address?
Until you can do something with cryptocurrency other than trick other fools into buying your cryptocurrency, it will always be a fools' market.
Off topic - but I've been watching your linux destro videos - thoughts on fedora?
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
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.
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.
i am curious that no one talks about idea that most of crypto is actually own by billionaires who can make these large scale moves of buying and selling. i think i saw a graph floating around web(a known newpsaper) of actual bitcoin ownership in percentages , and common man was in 10% bracket
CRYPTO'S CRASH AND GAMER'S RISE, BABY!!! WOOHOO
Been waiting for this moment months
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
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
Monero is a great project and it is extremely undervalued.
Assuming ETH scaling works out, eth gas fees should be negligible. What's the case for Monero, if you could just route money through something like tornado cash and get privacy too?
King of Cryptos
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?
any best crypto trading signals provider for binance?
I use mycryptoparadise signals for binance.
@@justinkarl5523Thank you for the recommendation. I'll certainly look into it.
Xmr doing well since this lol. Good idea thanks
So this chart is saying that i should buy gold... Or Moreno but will go with gold nonetheless
7:27
Where can I find this image?
Stack sats + self custody + chill 20 years. Ya'll be making this so complicated, go on a hike
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
Do you like any other privacy coins?
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.
Can you review Sentinel's DVPN?
Do you think crypto is a safe technology to invest in? Can it be hacked basically, or can it be destroyed easily?
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.
True freedom requires financial privacy
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.
Is it safe to say that crypto is legit dead except for niche purposes like 1000% anonymous transactions?
Just look how hard ETH and BTC crashed...
OR is "bUy ThE DiP" actually a sensible thing to do right now assuming that the coins will creep up again... But will they? Monero looks like something actually worth looking into.
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
What are your thoughts on ltc transitioning to mimblewimble?
Can you please make a video what one should do in order to have a Monero wallet on your PC?
I've tried to order crypto JFF and found that it's extremely hard. I ended up opening an exchange account without a real access to my wallet.
I saw this two old guys on the buses talking nonsense about crypto, tho they were hyped as hell since they made some bucks
What monero wallet would you recommend
A paper one
the official Monero GUI/CLI, or Feather wallet