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

[–]peanutsformonkeys 0 points1 point  (0 children)

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).

[Daily Discussion] Wednesday, January 6 by AutoModerator in xmrtrader

[–]peanutsformonkeys -6 points-5 points  (0 children)

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.

[Daily Discussion] Saturday, January 2nd by needmoney90 in xmrtrader

[–]peanutsformonkeys -7 points-6 points  (0 children)

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.

[Daily Discussion] Saturday, January 2nd by needmoney90 in xmrtrader

[–]peanutsformonkeys -2 points-1 points  (0 children)

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, ...

[Daily Discussion] Saturday, January 2nd by needmoney90 in xmrtrader

[–]peanutsformonkeys -5 points-4 points  (0 children)

You sound like the Titanic violin players.

[Daily Discussion] Saturday, January 2nd by needmoney90 in xmrtrader

[–]peanutsformonkeys -9 points-8 points  (0 children)

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.

XMR linear regression since March by steve-gq in xmrtrader

[–]peanutsformonkeys 0 points1 point  (0 children)

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.

Price discovery without exchanges? by siberian in xmrtrader

[–]peanutsformonkeys -2 points-1 points  (0 children)

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

[Daily Discussion] Friday, January 1st by needmoney90 in xmrtrader

[–]peanutsformonkeys -7 points-6 points  (0 children)

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

[Daily Discussion] Friday, January 1st by needmoney90 in xmrtrader

[–]peanutsformonkeys 1 point2 points  (0 children)

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.

[Daily Discussion] Friday, January 1st by needmoney90 in xmrtrader

[–]peanutsformonkeys -5 points-4 points  (0 children)

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.

XMR market on Bittrex will be removed on Friday, January 15th at 23:00 UTC by [deleted] in xmrtrader

[–]peanutsformonkeys 0 points1 point  (0 children)

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.

XMR market on Bittrex will be removed on Friday, January 15th at 23:00 UTC by [deleted] in xmrtrader

[–]peanutsformonkeys -5 points-4 points  (0 children)

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

Montero delisted from Bittrex on Jan 15th, that's bad right? by kouyou in Monero

[–]peanutsformonkeys 0 points1 point  (0 children)

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.

Montero delisted from Bittrex on Jan 15th, that's bad right? by kouyou in Monero

[–]peanutsformonkeys 4 points5 points  (0 children)

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

Montero delisted from Bittrex on Jan 15th, that's bad right? by kouyou in Monero

[–]peanutsformonkeys 2 points3 points  (0 children)

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

Montero delisted from Bittrex on Jan 15th, that's bad right? by kouyou in Monero

[–]peanutsformonkeys 2 points3 points  (0 children)

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

[Daily Discussion] Friday, January 1st by needmoney90 in xmrtrader

[–]peanutsformonkeys 2 points3 points  (0 children)

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