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I'm kind of pissed. This was about exactly when I was going to buy in and now we're in a retarded bubble. Crash, bitch, crash, I want some XMR.I'm surprised XMR is still holding it's value after the laundering pump, I figured it would return to the 230-240 range pretty quickly. Time will tell if it continues to maintain or not but I'm starting to get really disenfranchised with crypto because of how unpredictable it is. Thinking I might just take my proceeds and buy more gold (which has outperformed all my crypto since I invested in February
Cashing out is not the point of crypto. Buy, hold, and/or spend later. Trying to time the market to make gains in US dollars is bossman jack tier. The house always wins.I'm surprised XMR is still holding it's value after the laundering pump, I figured it would return to the 230-240 range pretty quickly. Time will tell if it continues to maintain or not but I'm starting to get really disenfranchised with crypto because of how unpredictable it is. Thinking I might just take my proceeds and buy more gold (which has outperformed all my crypto since I invested in February
I'm only investing for a handful of years as I save up for a down payment on a house. Crypto can (and has) taken dumps that've taken years to recover from. So if there comes the time where I would've been able to make a down payment but crypto is down for a while I'm basically fucked waiting for it to recover or take a fat loss, neither are particularly appealing. The other problem with crypto is how limited your options are for actually using it as a currency, which is especially true for Monero where you're basically limited to the handful of merchants that accept it or using prepaid cards for everything. I personally try to use credit cards for as much as possible to maintain a high credit score and pay it off every month so I don't accrue interest. So for my personal use-case, making a profit is all I really care about (for now).
You're probably better off with boomer stocks or even BTC ETFs if your goal is to save for a house. You may make slower gains but managing your taxes will be infinitely easier due to established regulation and the convenience of traditional exchanges. Trying to rawdog crypto for dollar gains is much higher risk of not only losing it all but also unfathomnly brutal tax rape since every time you swap back in it is a clear indication to the IRS that you've potentially made some money and they want their cut. The only Crypto that has any kind of long term wealth creation is BTC because it is established and has the potential to outlive our current financial and tax system. But that is a loooong way off. Monero is for making quick private transactions with other like minded privacy enjoyers and merchants. Everything else is the shitcoin casino. Enter at your own risk.
It does if you're day trading or dumb bullshit like that. You don't have to just beat the market, you have to beat the vig too. And beat short-term capital gains taxes if you don't want to be sodomized by the tax dudes. There are a few people who can do that but most people doing it are fools.
Alright I'll take the bait. I was considering getting some Monero but now seems to be a bad time to do that.
tl;dr we're banning anything that's "privacy oriented", and then wonder why everyone fucks off to the US.
Until 2027, Monero should've a pretty mature decentralized exchange infrastructure in place:
! th!nk !t !s @The Lawgiver
Saw you ask this on /biz/, hope you find an artist for it!
It should be https://monerochan.art/
DM'ing
Pretty clean and on point. Thanks for putting this together. Someone on /biz/xmr thread was asking how to buy monero, maybe post your infographic there as well?
I will buy and use Monero out of pure spite. Even if it dumps to 1 dollar. Fuck these people.
It's from some miku music video, I didn't make it. My pfp and the few mikus I made in a similar manner were rotoscoped off the basic shapes of the gif. Well to be more accurate, after my pfp most of them were butcherings/edits of the pfp back into a miku image.
