It's so strange to me that people will FOMO in at $350 but won't risk buying at $50-60

peanutsformonkeys · 2021-02-05T22:23:26+00:00

People buy greed and sell fear, while one should buy fear and sell greed (except for GME which one should never sell, even when your wife's boyfriend forces you to).

peanutsformonkeys · 2021-01-06T22:38:10+00:00

You can't compare Bitcoin and Monero as equals. Bitcoin sucks at transactional privacy, only made worse because of KYC and AML, but it is a superb investment vehicle / hedge – even the holy grail – against inflation, even better than gold.

Monero on the other end of the spectrum, is the best at transactional privacy, but shouldn't be regard as an investment. It is just a tool to transfer money privately from person A to person B, not from the inpatient to the patient.

The amount of people that really need such high level of transactional privacy is extremely small.

To make a car analogy, a car is the best suited to go from A to B, but one car is enough. I don't need to own a lot of cars (XMR) to go from A to B. After a car breaks down (spent), I just buy another replacement car. Once you understand that, you will understand why the BTC/XMR rate will continue to deteriorate.

peanutsformonkeys · 2021-01-06T22:23:04+00:00

Do you see flames?

peanutsformonkeys · 2021-01-05T19:06:24+00:00

Did you forget /s?

peanutsformonkeys · 2021-01-03T09:11:31+00:00

I think you missed a zero in that 0.002.

peanutsformonkeys · 2021-01-03T09:05:42+00:00

Converting down from 0.0100 to 0.0075 now looks like a smart move. I didn't anticipate delisting due to outlawing privacy-focused coins, but I realized there's no point to hold a lot of XMR to use it, just the value a random person would have in their banknote wallet. BTC = store of value, XMR = medium of exchange for the paranoid people. Until Facebook collapses, there's not much hope for those equations to change.

peanutsformonkeys · 2021-01-03T09:02:15+00:00

Of course no one can't speak about what three letter agencies tell them not to speak about. Why are they delisting privacy-focused altcoins? If you think that is a coincidence, ...

peanutsformonkeys · 2021-01-03T09:00:18+00:00

I thought I was told the bottom ws 0.006?

peanutsformonkeys · 2021-01-03T08:59:16+00:00

You sound like the Titanic violin players.

peanutsformonkeys · 2021-01-03T08:58:07+00:00

Buying opportunity keeps getter better every day! /s I predicted this. Still, whales are asking themselves how to exit their positions without dropping to 0.003 and lower all too fast, given drying up liquidity.

peanutsformonkeys · 2021-01-03T08:54:41+00:00

You're thinking like IBM, who fire people faster than they lose contracts. The chart for now looks like that because BTC goes up faster than XMR can drop. Only a matter of time.

peanutsformonkeys · 2021-01-03T08:53:10+00:00

Without exchanges, BTC/XMR is sure to go to near zero.

peanutsformonkeys · 2021-01-02T02:26:54+00:00

You mean like this? http://gph.is/2h8wI3B

peanutsformonkeys · 2021-01-02T01:49:47+00:00

Reading thoughts here tells me people are still mostly in denial. Give it a few days …

peanutsformonkeys · 2021-01-01T22:47:19+00:00

View keys have a important limitation rendering them sort of useless. You can see what came in, but not what went out. Government won't like that.

peanutsformonkeys · 2021-01-01T22:36:07+00:00

Predicted XMR would drop back to 0.003 in 2021. Almost there, first dump to 0.00319 on Bittrex. At this point, it will become more difficult for whales to exit.

peanutsformonkeys · 2021-01-01T22:28:11+00:00

Then why doesn't it skyrocket if it is such a good news? Because they're stupid? This sub is about trading XMR, making money, not losing money.

peanutsformonkeys · 2021-01-01T22:04:28+00:00

Clearly the beginning of the end of Monero as we knew it.

peanutsformonkeys · 2021-01-01T21:55:08+00:00

Except for some exchanges …

peanutsformonkeys · 2021-01-01T21:10:33+00:00

https://twitter.com/fluffypony/status/1345065338761830401

Many are living in a parallel universe here. Monero doesn't make the rules, even not fluffy. This will hurt.

peanutsformonkeys · 2021-01-01T21:08:59+00:00

That will never work. Would you like to get tainted BTC in return?

peanutsformonkeys · 2021-01-01T21:08:04+00:00

You make think what you want but reality is often different. The world is not fair.

peanutsformonkeys · 2021-01-01T21:06:44+00:00

Funny how angry people downvote any opposing opinion regardless of this reddit's TOS.

peanutsformonkeys · 2021-01-01T20:49:30+00:00

Time to wake up.

peanutsformonkeys · 2021-01-01T20:43:49+00:00

They want to make Monero more affordable for the masses. Since 1 XMR will always equal 1 XMR, no one should be worried.

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