XMR is a dinosaur coin. It's 2 cycles old now, and too tiny and non-liquid for 2x, or even 5x.
Don't worry, though. This pump is all this cycle has in store for us. From now on, it's all red candles for the next 4 years. Plenty of time to DCA and, you know, lose constantly money. Old Altcoins 101.
Yes. Radical ideas are the best.
Some might say that disk space is cheap, but what if Monero comes back to $1? Will you waste 500GB of disk space to keep your $50 safe?
Come on guys, stop kicking the dead horse already.
People are dumb. If they can't buy Monero using PayPal, then no one's gonna buy it.
By the time it becomes a necessity, all our devices will be locked down at hardware level, and running Monero wallet will be practically impossible for the 99%
Sorry I might sound pessimistic, but I've been watching Monero for almost 7 years now. Only way to make people notice you and start looking for a solution how to use Monero is a 100X pump. Nothing else opens eyes like greed.
Good luck! And stay vigilant. You're currently under the radar, and that's why you can do wonderful things.
The moment you make a blip in Big Money and Corrupt Government radar, they will come after you and everyone who accepts Monero with overwhelming oppressive force. You must be prepared.
Well said. Now, how to make crypto honest again? The masses already know about crypto as a get rich quick scheme, and would not dare touch it. Especially since regulations are closing down fiat ramps.
There's a better probability of goldbacks or silver coins becoming a new currency than Monero. Crypto's reputation is just that bad.
It took Internet and social media 10 years to fully proliferate, and crypto is already 14 years old. Perhaps its zenith had already passed, and people getting to it now are laggards. If I'm being overly optimistic, then maybe 50 years to replace current financial system could be a viable goal.
I've used crypto for purchases of various things, and it definitely is much better than current fiat system and the banks. However, adoption is still in infancy, while at the same time regulation ban hammer is coming down hard, cutting down anyone who dares to accept crypto as payment in the "above ground" world, where 90% of the economy happens.
If you can't use crypto in your day to day life, then crypto is just speculation. Big change isn't coming from us, we are few and our voices are unheard. Change is coming when some celebrity or famous person shows the world how easy it is to use Monero in their day to day life, and how beneficial it would be to the civilization. Sadly all of those "heavy hitters" are rich, and they won't risk their billions of net worth held in old money system. 'Monero' is the one single word that no one above $100M net worth is supposed to mention in public.
One more thing: about losing everything. I've bought XMR back in early 2018, and my average buy-in price is $250, or 0.025 BTC. I've already lost at least half of my initial fiat investment, so Monero has been an abysmal performer, not even inflation hedge. That's not how money works. Had I kept my money in co-opted and crippled BTC, I'd be able to get 4x as much XMR as I have now.
Welcome Mr. Vulpine!
End of an era. Monero had seen many people come and go, and many more will come. What matters is that the project endures.
"The sietch at the desert rim was Liet's, was Kynes's, was Stilgar's, was Muad'Dib's, and, once more, was Stilgar's. The Naibs one by one sleep in the sand, but the sietch endures."
Wake me up when SHA-256 is cracked.
It's still mind boggling how people are okay with buying phones without unlocked root and bootloader. Not your root, not your phone.
Some weeks ago I had a problem that a friend's phone was randomly wiping data from crypto wallet apps. He was furious, and wanted to leave crypto altogether. After some digging, I found that Google Play Protection (a.k.a. Google's Virus Scanner) detected there were crypto apps on the phone, and somehow decided to disrupt them. Not outright uninstall, but slowly disrupt them, just enough for the user to get frustrated and abandon it, or install another app.
Now think about it: if TPTB want to disrupt crypto adoption, they'll just gatekeep users from crypto wallets, or demand OS-level KYC/AML. In that world, crypto adoption is impossible... Unless some Chinese manufacturer decided to make cheap unlocked phones, or we have something like a Raspberry Pi phone.
Makes sense... People who take drugs are usually broke as fuck.
Once Monero hits $10 there'll be plenty of people taking drugs to cope with losing all they invested.