When Monero was crabbing under $200 for years biz told me that's its not an investment but rather meant to be used/spent. Now that the price has tripled biz is acting like it was obvious all along that it was going to pump. You know what comes next isnt it?
yes, don't zoom out
>>62816591Its not a good investment as its money, but still better than worthless fed toilet paper.
>>62816591Btw exitliquidity hunter kunars doing this with all shitcoins, they are only shilling it after the pump so when you fomo in their masters can exit with big volume.
>>62816623My point is selling/shorting pumped and shilled coins here is a good opportunity 90% of the times.
>>62816591ZEC was $20 and /biz/ called it a dead mossad shitcoin... it ended up outperforming everything /biz/ is the definition of dumb money. Bunch of retards that talk shit about silver only to buy it at $120. They recently fomod into all the ai shit at the top. Kek baggies
>>62816591>Doesn't understand forex or the point of a currencyLet your wife handle your investments, she'll be smarter with it
>>62816706>mossad shitcoinstill is
>>62816591When Zcash was $20 you told me not to buy. I didn't listen and bought thousands ; )
>>62817576May we see it?
>>62816613Not understanding by now that the play to enrichment in the coming years/decades is investing in 'the' money is being extremely stupid
>>62816706>at the top>dumb moneyIt's true this board is dumb, but you're included in that group.
>>62818207It’s even more stupid to not check the foundations of Earth civilization before we go to Mars. Crypto has replaced your middleman banker nigger convoluted money, and adoption of it was position. >Gg no ree, now that we have the foundations of sound money again we can proceed
>>62816608>It's unironically the healthiest long term chart in cryptoMy XMR stays comfy
>>62817576Sure thing jeet
>>62816591>21 KB JPG>When Monero was crabbing under $200 for years biz told me that's its not an investment but rather meant to be used/spent. Now that the price has tripled biz is acting like it was obvious all along that it was going to pump.If XMR succeeds AS A CURRENCY the marketcap must increase by NECESSITY, allowing more transfers and higher amounts. Price increase is also a security upgrade.
>>62821216>If XMR succeeds AS A CURRENCYAlready did. Did you mean "as being one of the main currencies used world wide"?>the marketcap must increase by NECESSITYYou should've said exchange rate, the market cap can easily increase by there being more XMR even if it's still exchanged for the same amount of fiat>Price increase is also a security upgrade.Not really. Any miner that joins solely because of better rewards will also go to the next project offering better rewards relative to the investments he'd need to make. The investments for mining XMR are extremely small by design, but if another CPU mined currency came around that offered better rewards any rational miner would switch if rewards were all that mattered which is what you're arguing.
>>62816591>You know what comes next isnt it?Do these grammatical errors mean jeet? Can't take you seriously when I read this.
>>62816608>zoom outWhat is an entry point?
>unlimited supply Does no one have an issue here?
>>62825573>But your money will be worth somewhat less in 6 gorillion years goy!
>>62816591I was looking at this when it was below $100 but all the hype was elsewhere so thought fuck it.Why has this gone so high??
>>62825573What matters is real time inflation and chain security. Low (~1%) inflation is needed to incentivize miners to keep securing the chain. Limited supply doesn't mean shit if the chain doesn't work because miners aren't getting paid. In the future Bitcoin will be in trouble because it can't keep the promise of limited supply and guarantee a functional chain both at the same time. When designing it Satoshi thought L1 could scale and handle millions of transactions in the future, and that fees would slowly replace the block reward. That hasn't happened and probably never will. The only solution left is changing consensus mechanism (PoS?) or coin issuance (add more inflation to miners, break supply cap) with a hard fork, which let's be honest will never have enough support. Monero issuance schedule is more future proof and doesn't make false promises like Bitcoin.
>>62825980>Why has this gone so high??It's one of the few real utility coins. There is actual demand for this coin and it powers real economic activity.
>>62825573Unlimited supply or an infinite timeline. There is a limited amount of XMR at any single point in time. Unless you're a vampire it won't affect you.
