WTF is now wrong, all cryptos down?
- Thread starter jorge
- Start date
there is a quote "they think your only goal is to make money " that precedes this profound response
but I couldn't find the whole clip...
now more seriously... when you feel so frequently that so many people act so differently from what you consider right then it's time to at least try to reconsider your view
but I couldn't find the whole clip...
now more seriously... when you feel so frequently that so many people act so differently from what you consider right then it's time to at least try to reconsider your view
I won't say no to getting rich, but at the cost of a cryptocurrency's function? You may as well buy a penny stock.
Monero is a beautiful coin, the governments can't trace it at all, that's why they order exchanges to delist it. This untraceability means we can buy and sell goods, even earn a living, without state interference. It is Bitcoin 2.0 - what Bitcoin was supposed to be. Now it's clear that even the die hard Monero bros will turn Monero into a pyramid scheme when the lure of riches comes along.
Would you buy a house with Monero if in a year's︀ time, the same amount could buy 2 houses? When it gets like that, the currency︁ is no longer stable, and people no longer trade with it for day-to-day transactions.
Look at https://xmrbazaar.com/ which is like Monero eBay. If Monero moons, everyone will hodl and nobody︂ will conduct transactions on there anymore. Businesses go bust when people don't spend.
Monero is a beautiful coin, the governments can't trace it at all, that's why they order exchanges to delist it. This untraceability means we can buy and sell goods, even earn a living, without state interference. It is Bitcoin 2.0 - what Bitcoin was supposed to be. Now it's clear that even the die hard Monero bros will turn Monero into a pyramid scheme when the lure of riches comes along.
Would you buy a house with Monero if in a year's︀ time, the same amount could buy 2 houses? When it gets like that, the currency︁ is no longer stable, and people no longer trade with it for day-to-day transactions.
Look at https://xmrbazaar.com/ which is like Monero eBay. If Monero moons, everyone will hodl and nobody︂ will conduct transactions on there anymore. Businesses go bust when people don't spend.
google Gresham's law and you will understand that such a behavior is nothing new nor surprising, it's well justified and you're just "impatient" - people will stop hoarding the best money once nobody will accept the defective money - we are in the process of a historical event of unprecedented transformation, people obviously spend the worthless currency they earn and those︀ who already earn only crypto assets spend that - there are not that many yet︁ and the good money they hold also changed their time preferences and habits when it︂ comes to consumption - it will happen no doubt but I have to disappoint you...︃ the last man standing won't be Monero
I’m confident that the major crypto coins will recover as soon as there’s even a hint of hope and optimism in the world again.
However, I believe that as long as the war continues and the U.S. remains unpredictable, the financial markets will stay unstable.
However, I believe that as long as the war continues and the U.S. remains unpredictable, the financial markets will stay unstable.
I hedge in BTC, I short the inverse perp at 1x for whatever % of my balance I want to hedge.
See above.
See above.
this is way above pay grade I'm afraid
a stable coin must be by definition centralized (i.e. compared to USD taking event more counter party risk in exchange for less friction to transact)
a stable coin must be by definition centralized (i.e. compared to USD taking event more counter party risk in exchange for less friction to transact)
A stablecoin isn’t, by definition, centralised. That’s just true for custodial ones like USDC. DAI and potentially pDAI show it’s entirely possible to have decentralised stablecoins backed by crypto collateral instead of fiat reserves. With no blacklist function.
what is a stable coin backed by another crypto asset good for? I mean compared to holding and transacting directly given asset...
When large influencers tweet thing like this, does it actually pump the coin? Just curious.
https://twitter.com/x/status/1925228562258309327
https://twitter.com/x/status/1925228562258309327
