Makes sense... People who take drugs are usually broke as fuck.
Once Monero hits $10 there'll be plenty of people taking drugs to cope with losing all they invested.
rattie_ok
joined 1 year ago
XMR is a dinosaur coin. It's 2 cycles old now, and too tiny and non-liquid for 2x, or even 5x.
Don't worry, though. This pump is all this cycle has in store for us. From now on, it's all red candles for the next 4 years. Plenty of time to DCA and, you know, lose constantly money. Old Altcoins 101.
Lol, if the hacker converted $1.7M to Monero, the price would jump to $1,000 at an instant. He'd suffer huge slippage. Of course he's not that dumb, to move funds using an extremely non-liquid asset...
It's our own fault that even hackers aren't using XMR. The volume is so tiny, it couldn't support a single gas station on the Interstate. Monero's joke at this point. A tool for privacy LARPers to flaunt their cipher-punk-ness.
Median price 2017-2024 is $150. More than obvious that it will remain at $150 during 2025-2030. Meanwhile: dollar inflation, gold price increase, Bitcoin price increase, nothing matters, Monero will jsut keep at $150. Perhaps one day, in 2053, after a world war and two more financial crisis, when 1 Mexican Taco is $50, Monero will pump to $200, maybe. Because that's how money works! You put $100 in, you get $100 out after 10 years.
Yes. Radical ideas are the best.
Some might say that disk space is cheap, but what if Monero comes back to $1? Will you waste 500GB of disk space to keep your $50 safe?
Come on guys, stop kicking the dead horse already.
People are dumb. If they can't buy Monero using PayPal, then no one's gonna buy it.
By the time it becomes a necessity, all our devices will be locked down at hardware level, and running Monero wallet will be practically impossible for the 99%
Sorry I might sound pessimistic, but I've been watching Monero for almost 7 years now. Only way to make people notice you and start looking for a solution how to use Monero is a 100X pump. Nothing else opens eyes like greed.
No way that's ever going to happen. Online store with goods priced in XMR means having a web shop. Having a web shop means you're now a company accepting payments from strangers, offering escrow, refunds, warranty, all the works. Like tiny Amazon.
Because you're a company now, KYC regulations apply, and then why would anyone want to use XMR? If you're leaving your personal information, then just use eBay or credit cards.
If you're a "cancelled" person who cannot use banks anymore, then use gift cards for buying stuff instead of credit cards, and you're golden.
If no one is accepting Monero in your country, city, or neighborhood, then the fair price is zero.
Closing down fiat ramps is just one thing that regulators might try. Next step would be banning Monero wallets from app stores, or marking Monero as malware or state sanctioned software. Who would want to use Monero then, when the UX is worse than paper cash? People buying drugs can use Venmo and say that they're buying art commissions or something like that. Or exchange gift cars by mail.
Good luck! And stay vigilant. You're currently under the radar, and that's why you can do wonderful things.
The moment you make a blip in Big Money and Corrupt Government radar, they will come after you and everyone who accepts Monero with overwhelming oppressive force. You must be prepared.
Well said. Now, how to make crypto honest again? The masses already know about crypto as a get rich quick scheme, and would not dare touch it. Especially since regulations are closing down fiat ramps.
There's a better probability of goldbacks or silver coins becoming a new currency than Monero. Crypto's reputation is just that bad.
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Zano, Firo.
They might be small now, but in a few years they will grow. Better invest now while they're still cheap. It's like buying Monero at $10. They might be hard to buy now, but so is Monero.
Fast and low fees wins the privacy game. No one wants to wait for Monero sync to complete or 10 transactions to spend again, it's just bad UX.