/biz/ keeps saying this is a $10,000 but it cant even break out of it's ATH for 2 cycles in a row HAHAHAHAHAHAHAHAHA

Who says that? It's an actively used coin and it goes up and down mostly on usage not investment.

nigga when palantir creates a database of every Americans BTC wallet connected to their KYC this will become a 10,000 dollar coin.

XMR has already separated itself from market cycles.

>>60623880
>has already separated itself from market cycles
What a peculiar and wordy way to say "failed coin".

>>60623825 (OP)
>he trusted what biz(indians) says

>>60623825 (OP)
Unfortunately, Monero only appeals to a niche market. In particular, people who are paranoid about their transactions being monitored, such as privacy enthusiasts, "black markets", money launderers, scammers, probably intelligence officers, and schizos. It really doesn't have a good use case beside privacy, and the supply of XMR will grow into infinity over time. It's also not seen as or marketed as a store of value, and it also ISN'T a store of value. Will its price increase as people move away from Bitcoin when its valuation skyrockets? Maybe. But I'm not so sure it will ever do anything close to what Bitcoin has done.

That doesn't mean it's useless. That just means it's not as valuable to everyone else as it is to that niche market.

>>60623825 (OP)
I'm not sure why it's even pumping a bit now, it was a $150 stablecoin for years

In the future you'll be confronted with the following consideration:

>You get 1000,- bucks, but it's publicly seen, taxable and may require explanation of acquisition or expenditure
or
>You get 500,-

Maybe an odd example, but the price of true privacy (across all (digital) forms) will increase over time. If you don't value privacy, then obviously the tradeoff is not for you, but just be glad that the option exists at all. Imagine if XMR didn't exist with it's current history. Could any privacy coin that gets released NOW even be trusted in terms of distribution and mechanisms?

$10,000 is fucking FUD. The Monero market cap is the entire world's desire to escape endless financial surveillance from all sides.

>>60624356
yeah, that's exactly correct, in this current moment in time.

investing is about predicting the future. what will privacy look like in 10 years? what direction is our government heading in regards of surveillance?

you could've said the exact same thing about Bitcoin 10 years ago "only appeals to tech enthusiasts"

>>60623825 (OP)
That’s because Monero is priced in Bitcoin. You don’t pay more than $1 for a $1 postage stamp. Monero is that postage stamp.

>>60624277
>does exactly what it set out to do
>failed coin
I genuinely don't have a rebuttal, nor do I even have an [unknown amount] of xmr
That's just....so very nu/biz/
I hate it here now

>>60623825 (OP)
>there is no better coin for laundering crypto from the IRS / government tax authority

>>60624356
precisely

>>60623825 (OP)
Moonfags get the rope. Buy Bitcoin for the sickest gains and boundless exit liquidity.

Only pedophiles, drug dealers, trannies, and abortioinists use Monero

>>60623880
most people do not care about privacy with crypto

>>60627646
>>60624928
Normies literally do not care. The vast majority of people are goy cattle. No one gives a fuck about privacy.
It's the sad reality. This is why tech people should never be in charge of anything, they don't understand normies.

>>60627646
>most people do not care about privacy with crypto
Most people do not care about crypto

>captcha damon

>>60623825 (OP)
Monero is not a normal coin just pumping and dumping. Right now it's still basically in stealth mode as the obvious successor to bitcoin. There will be one year where this will flip BTC all at once. Like they will literally swap market caps and one XMR will be $100k and one BTC will be $500.

>>60624928
>entire world's desire to escape
only a small handful of pedophiles want this lol

it's ATH 1% of the time (not even that). it's floor 99% of the time. as long as the floor is rising and it's not too volatile it's good to me. roping would be if it went down and stayed there, which is what 99% of altcoins do after ATH. monero taking off is far from guaranteed, i'm happy if it doesn't die. because then crypto is worthless.

>>60623825 (OP)
>Higher lows is le bad

>>60623825 (OP)
It is a 10k$ coin

It will happen. I don't have much doubt about it

>>60627646
They don't have to. Illicit goods, laundering money, escaping sanctions is enough of a usecase