Is this coin hopeless?

Worth buying sub $50? Or is it worthless? I feel like the privacy coin ponzi scheme is over.

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the point of privacy coins is not to have high price, it's to be private... duh

Privacy means it makes an excellent store of wealth for companies and persons.
Privacy coins as a store of wealth is not a ponzi scheme, as you aren't putting your money in expecting more out; you're just looking to hide your welath. The current collapse in value is due to irrational market panic. Once the wealthy begin storing their wealth in private currencies with high liquidity, XMR is the only choice. And they will have to store wealth in crypto as offshore banking is getting cracked down on severely. You can't even get a Swiss bank account as a US citizen without signing paperwork agreeing to let the IRS audit your balance.

Wait for single digits.

the thing with Monero is you don’t need to accumulate a lot of it. you can just circulate through a few XMR for your private transactions, keeping your wealth stored in BTC. there’s no need for it to go up in value especially since it has no capped supply.

It's not and it's not really for profit it's to bootstrap a chip plant outside of cn control, AKA take it back and it's happening whether or not you buy into it. Get allies, divide and conquer. Then do what you will attempt with previous allies because let's be honest it's easy enough to come up with enough cash but realistically coming from over a decade in manufacturing you will never make it without refinement and a solid understanding of what it means to have hundreds of thousands of thousands of angry people flinging their worthless bodies at the base of your skull pile just think of the smell.

>Privacy = store of wealth

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No one needs this, TRX will get the same privacy features in January.

>"privacy coins"
Transparent ledgers are unusable. The only reason they get by today is because they are only used to go in and out of exchanges where they are essentially tumbled. Non private coins are literally a ponzi scheme with no real use case.

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backdoor for feds

it'll be replaced

>there’s no need for it to go up in value
like 90% of crypto but it still happens due to speculation

>like 90% of crypto but it still happens due to speculation

The entire market is speculation. It's one big guessing game.

FPGAs are there. GPU mining will be completely useless (and possibly dead) soon.
Sell your GPUs while you can.

Ummm this is the only other legit layer 1 besides btc... stay poor

30-40 is where I sell my car to buy more, just sayin

Emissions curve man. Why does everybody say this??? There will never be enough monero in your lifetime to care about inflation compared to btc

Also, it would be smart to hold value in a sort of “back up” currency that does the opposite of btc in many aspects- different codebase, gpu mining, 0.3 emissions curve, etc

Wait till you get 20 bucks on top.

You are arguing on a low iq board.

All privacy coins will eventually be banned worldwide

I don't think so, i think they're healthy for world governments to understand because they create and allow black market dealings in a way that governments cannot counter by simply attacking money.

The invention of cryptocurrency solidified the impossibility of preventing money laundering. But before that criminals were laundering millions of dollars cross country lines by buying and selling fucking apple earbuds as a cosmetic item in TF2.

> people don't expect privacy coins go up in value
> rich people will put wealthy in monero

Yes, user... you don't understand that if everyone put money into it the price is subjected to fluttuations due to the new money in and people cashing out, so this is not a stable coin, and rich people don't want their whealty could lose value

Monero is only used for washing coins through an exchange and buying drugs

solid use case nigga

Its worthless

Japan is banning them in 2019. The rest will follow

How do you know? It is private.

so what, you can have transparent coin on KYC and then move to dark net exchange
trust the code, if there is a problem use zcoin

Im talking about the usecases. This guy says the only use is crime, but how can he know? I use monero regulary w/o crime.

even if that is the only use case, monero will moon to pluto and it cannot be stopped

to me the best case for private crypto is tax avoidance

I will provide you a service that is 50% cheaper, therefore you can buy twice as much, so I increase my revenue.

You win, I win. The state gangster parasite loses.

Privacy coins are the ounces that will change this world for the better.

Zencash is the future. Does what Zcash and Monero do, only better.
Wait sorry I mean Horizen.

it is fine
the free market will find the best coin

worse possible investment. Its gonna bet he first shitcoin to ever get banned and delisted. Do you honestly think governments will allow people a tool that lets you tax evade?
>inb4 b-but muh freedumbs muh decentrelizishion

the question is not if they will allow it, the question is if they will be able to stop it

no they cannot, we won
fearful weak minded fool

they can get it banned from exchanges which will prevent any serious investment going in. It will probably still exist but it will be used only by criminals and won't have many potentials for huge moonings, if thats what you are after

from official exchanges, yes.
in that case dark web exchanges will spring up.

lower supply . higher price
you are so fucking dumb

>lower supply, higher price
thats not how it works dumbass

lower demand, lower adoption = lower price

Once an item becomes illegal, does the price goes up or down?

also this.
when/if 99% of people are scared of using it anymore, it becomes much scarcer.
on the other hand there will be mt.gox type situations with dark web exchanges exit scamming, massively manipulating prices, directly stealing from people etc

if the demand stays the same it will go up, if demand goes down too it will go down

crypto =/= drugs

adoption actually means lower prices, since we have instant selling on transaction by common merchants
if monero is banner, this will be the biggest most bestest advertising it can get, you moron

man, you guys really are economic brainlets

its supply and DEMAND that determines the price not just the supply. If it gets banned the demand will also go down which will make it drop in value

demand is unlimited, read a book

you are wrong.
if it gets banned, they won't fucking announce that years before, giving everyone time to safely exit.
they are just going to raid the exchanges they can, base this on some vaguely interpreted existing international law and get it down without any previous notice.
this will mean that 99.9% of the supply will be frozen in peoples wallets w/o them being able to withdraw/cash out. the remaining .1% that will have the balls to go to non-official places will have 1000x more relative supply, but face all the downsides of not being protected by any laws.
its basically the risk-investment-version of a risk-investment.

demand is a function of utility and price.
utility remains the same, price will increase due to increased scarcity (most wallets being frozen forever).

>demand is unlimited

your theory could work if... monero was unique and other crypto like it couldn't exist. If monero gets burned it will become worthless and criminals will just go to another private crypto until that gets banned too

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>your theory could work if... monero was unique and other crypto like it couldn't exist
wrong again.
you yourself argued DEMAND. a crypto that has been proven to work (unlike others) and even stood the ultimate test of official law enforcement investigations will automatically generate more demand than a random shitcoin.
most people are not technologically versed and have no fucking clue what is "better", they hence automatically flock to the big, established brands. i don't even know why this would be news to anyone. people will always prefer a mercedes over some unknown chinese car whose company they have never heard of. monero having stood the ultimate test of being untracable for law enforcement in a fucking trial is an IMMENSE argument for its future demand if it got banned.
no other crypto has pulled this off to my knowledge.

your argument could be used against *any* crypto, and somehow BTC is still several thousand times higher in demand than some technologically superior coins.

Buy at a Russian exchange, then send coins to yourself.

the only use case of Monero is for criminal activities. The demand is by definition LIMITED to criminals that means its price is also limited in scope

other crypto have use cases other than criminal activities which can have mainstream investment into them which means they have potential for high marketcap

it is used in 0.001% of all criminal activities
it has 10 000x growth potential, but if the price is too high, other privacy coins will be used instead

do you have any idea how large the market caps for tax evasions, drugs, money laundering in general, human trafficking etc. are?
just compare it to pic related - monero stands at roughly 0.9 billion right now.

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don't buy monero.

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if governments see a lot of that criminal market going to monero they will crack it even harder. The only possible way to sell your monero for profit would be locally, which most likely will result in you getting knived by angry russian mafias

And no a true "decentralized exchange" will never be an actual thing

you have no means to do shit
we are the sovereign, fuck you

i already said that myself.

Have you heard of p2p filesharing?
afaik its more or less illegal everywhere but thriving and near impossible to enforce

Hey there! I can give you a pretty good idea of what's happening here. Expectations are still aligned for decay, though the longer that is true the higher the period of mean reversion will be.

Load up the 1.25 standard deviation on the 260 period on the 4h chart. (only do it for this chart, the period changes constantly.)

When the bottom edge of the band is crossed, expect price to return to the 260 mean.

if you just want static pivots, when monero gets above 14700 sats, it will trend to 15600 sats.

Screencap this.

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>what are decentralized exchanges

>The demand is by definition LIMITED to criminals
Four examples of legitimate use cases.

1- You are traveling through parts of a country with a medium to high violent crime rate. You need to use some of your Bitcoin to pay for something. If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.

2- You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.

3- You are a private citizen paying for online goods and services. You are aware that it is common practice for companies to attempt to use ‘price discrimination’ algorithms to attempt to determine the highest prices they can offer future services to you at, and you would prefer they do not have the information advantage of knowing how much you spend and where you spend it.

4- You sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment.

You can have confidence that it is not possible to own ‘tainted’ Monero. This is ‘fungibility’ and is vital for any real currency to have.

This

>I buy drugs for 500$
>send 500$ of XMR to drugs provider
>he converts XMR to 500$
>he cares only for $$$ gives 0 shit given is 1xmr 1$ or 1000$

REKT PLUS:

Theres eth daps that can do 97% of what monero can do now...daps lol..

Any real blockchainc can do same shit with sidechains....sidechains...lol

BONUS BONUS REKT POINTS:
fat fluffy fuck promised capped suply forever ago...but he just likes to print money and dump on you retards to much

TRUE STATE OF PRIVACY COINS SHILLS

Monero is 2nd as true to the visions of crypto as btc.
In Australia wealthy chinese hide money in our property, luxury car and luxury goods because it's safer in those volatile, depreciating assets than in their own banks.

Millions and millions and millions of dollars worth in one stupid little country.

XMR will be the way they get those $ out. The chinese tax avoiders may not store their value outside fiat for long, but they will do so long enough to make a private transaction a valuable one.

So bullish.

bruh if "criminal" means tax jumpers then XMR will have plenty of value.

No need to screen cap. Monero has been doing this for years. It's more stable than Tether.

How do I store it in a secure way so that when the crackdown happens, my wallet wont be affected. Where do you guys keep them, which kind of wallet?

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>Worth buying sub $50?

same answer to every potentially useful/good crypto in this market.

"maybe"

encrypt your wallet in a 7zip
make the zip name lalala no extension
upload it to 100 different clouds and emails

This. Finally someone who understands what’s going on.

Absolute brainlet. You also think people invested into Smith&Wesson should sell off all their stock because they’re facilitating murder and crime too? Fucking ape brain.

Yes many buy eth or ripple, where the most 'coins' are held by a single entity, same for link. But for monero, where the emission curve is well suited for a true currency, they sceam
>Infinite supply, bruh
As I said, this is a low iq board.

imagine being THIS dumb. Purchasing weapons is not illegal, concealing your wealth by converting it to monero is by definition illegal, its money laundering

Look up for the term 'money laudering' before posting first. If your wealth is legal, you can convert it to monero as you like,.

I don't care about your law

Maybe do that yourself first. Concealing large amounts of wealth is by default money laundering regardless if they were legal money originally. There is a reason its illegal to go through airports with large amounts of cash

you are brain dead

tell that to the officer too when you get arrested :^)

>Money laundering is the act of concealing the transformation of profits from illegal activities and corruption into ostensibly "legitimate" assets.

Btw, monero is optionaly transparent.

and if you don't pay your taxes your money are no longer legitimate assets

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>if you don't pay your taxes
This is not moneros problem.

monero coin bad

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yeah I know, you will not get arrested. What I said is only for people that have actually lots of money to hide. You bizlets hiding your 5k will probably go unnoticed because nobody cares about you poorfags

it is though

You have no arguments. Its time to stop posting.

I already posted my arguments and so far I got zero counter arguments, try give me valid argument otherwise stop embarrassing yourself buddy

Dude, pay your taxes and hold your money in its purest form, XMR.

and how is a criminal token pure money?

you cannot be offended or embraced on anonymous board
the only thing you can be judged on if the strength of your arguments
this why *4channel* is the greatest

Tell me how in your opinion monero is criminal per se.

nice argument bucko. now post me some edgy meme images instead of having to actually make an argument

tell me a single use of monero that isn't criminal