Monero is already starting to bounce. But if you’re still licking your wounds, definitely check this out before you trade, https://simplifiedprivacy.com/loss/
#1 coping strategy: double your holdings
I completely agree.
Buy more at the current discount, obviously
Someday, people will realize that they were born free.
Even though I’m NOT licking any wounds, the read was worth it for that quote alone. The day when my brothers and sisters around the world wake up to that truth can’t come soon enough.
I just bought Monero. Is this good or bad for me?
It is very good, Monero is digital cash that you can use without being spied on.
It protects you the sender and the recipient that you send to when you use it.
Monero surging! Up over 27%. We will not go silently into the night
They won’t let me trade it any more.
Useful currencies are supposed to devalue in time. Crypto not being inflationary stifles its calling and appeals to weirdos like you guys who are all in all just doing virtual collecting of beanie babies.
I don’t think you know what features are needed for sound money. You might want to read about austrian economics to get a better understanding of this.
Deflation is good for a currency, you heard it here first folks :)
Austrian economists argue that a stable money supply promotes economic stability and allows for rational price signals. It proposes that for money to be stable it needs to be tied to one or more tangible commodities. So all current crypto should be avoided according to Austrian economics. Which makes me wonder, as an Austrian Econ fan, why are you here?
@AlwaysTheir @XmrLovingAncap I do not have a degree in Economics. I used to self-describe as an Austrian. I heard and read a lot about it.
However, I have had to note, ~3 years, we had:
a) stay-at-home + money printing
b) war in Europe + supply chain insanity
which led to
c) big inflation
… which Austrians all predicted would happen.
BUT WE ALSO HAD:
d) the inflation fall back to ~2%
e) the economy surge forwardAt this point, “Austrians” need to explain why their theory fails so hard, Sry
The violence based fiat scam currencies are the best at devaluing, as the communist state and dirty central bankers steal value annually through massive inflation and continue to bloat, that’s why I’m here.
A currency that keeps increasing in value sounds great when you don’t know what you’re talking about.
I am not advocating for a currency that keeps increasing in value wildly.
Monero has a fixed inflation rate which is fair, predictable, and economically sound.
Fiat currency is a scam that is used by the ruling class to steal value from the public, it can and is inflated at will by criminal psychopaths to fund tyranny and mass murder.
As we saw with the covid scam, they printed trillions and distributed it to execute the tyrannical fiasco. Also trillions have been wasted on endless war and murder all around the world, all made possible by out of control fraud based inflation.
The general public should be able to hold a currency and not lose 50% of their purchasing power in 10 years, this is a fraud. Criminal banker controlled fiat is the worst situation possible.
Monero has an 18.4 million token cap you absolute buffoon, it is deflationary by design and therefore will never be viable as a currency
https://sethforprivacy.com/posts/dispelling-monero-fud/#monero-has-an-infinite-supply
The great theory of a capped inflation omits the fact that economical activity creates value over time.
Your cult is worshipping the same idiocy that helped cause 3 great depressions.
If it actually was a currency, you would never have an incentive to spend it. It’s always better to spend it tomorrow rather than today if you can afford it, because your cash holds value.
Something that grows in value over time you don’t call it a currency you call it an asset
If an asset’s only value is that people believe it has one, and it can be traded, you’re making beanie babies.
Enjoy being poor.
As your link mention, Monero has a tail emission of 0.6 xmr every block. So it is inflationary, but in a predictable fashion. In around 120 years the Monero supply should be doubled. Assuming no changes to emissions that is.
You idiotic moron. Money should become slightly more valuable over time or stay about the same value, like gold. You can buy the same thing with an ounce of gold as 1000 years ago, this is money.
The criminal bankers via the communist state are stealing 90% of any value created by economic activity via their inflation scam. You are given crumbs off their table, clown.
Any and all “great depressions” occurred once banking was taken over by the jackals that run the central banks today, you fool.
Look at the historical trend you idiot, the average family is dirt poor compared to the recent past. You could save up for 5 years and buy a new house in the 70’s.
You have been raped by dirty criminal bankers, enjoy being a dupe while defending your masters you coward.
Austrian economists have never been right about anything.
