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Concern About XMR Future : Monero | Torhoo darknet markets

I am Holding Quite Some XMR But I am concerned about its price even when everything went up monero didn't really move and its actually going down after privacy concerns - binance delisting etc.

Are We Going To See Monero Rising - Falling or staying steady in the next years ?

Last But Not Least are The Reports About Finding Locations With XMR True ?

/u/monero_desk_support

3 points

1 year ago

I think most of the speculators left when binance delisted it. So the actual price is more organic and less subject to fud. There is still however price suppression with fake volume like gate.io,poloniex,kucoin etc...
On a bright side it's been a long time that xmr/btc is going up even if usd of all crytpto is dropping. Maybe related to recent news that having btc with privacy is more difficult now.

/u/DarkBytes 📢

1 points

1 year ago

I Guess We Will See What Happens To Monero In The Future If There Was Starting to Be Used In a Big Volume Outside Of The Darknet Monero would Change a lot.

But Don't get Me Wrong we don't want monero to be like btc we do not work the price going 3x and then dropping back down we like the fact that is kind of stable but we dont want it to only drop as well

/u/monero_desk_support

1 points

1 year ago*

I won't mind xmr x3
Could happen without speculators. Think of all the off shore money.
When some people realize that their money is better safe in math than in the trust of their bankers, it will pump the price. They just don't know about monero yet.
And black market (not taxed) is 20% of global economy. What will happen when they ban cash ?

/u/DarkBytes 📢

1 points

1 year ago

True Also The Unique Way That Monero is Halving The Block Rewards Will Make It Worth It In The Future

/u/irishfella25

1 points

1 year ago

IF they ban cash,then monero is going to be complete pointless because how will u buy monero if that happen?

/u/monero_desk_support

2 points

1 year ago*

- Mining. You buy monero with electricity.
- Selling products/services to someone already having xmr.
- swap other crypto to xmr

/u/irishfella25

1 points

1 year ago

you are right, but i know for a fact some people who mine monero at home wont be very happy when they seen ur post regarding the price goinng stay stable haha and ALSO the same goes for all vendors because they all want profits, profits, profits lol

/u/DarkBytes 📢

1 points

1 year ago

We all want profit but profit doesnt last if the price pumps it goes back down and monero is more than an investment in here it is a form of "everyday Currency" Soooo U know you win something u lose something

/u/sesquipedalian

2 points

1 year ago

I think Monero will stay strong with its foothold on the darknet. There isn't any coin like it. It's very possible for someone to create a newer, better coin, though, so if someone is able to create enough buzz for an alternative, I think that's XMR's biggest risk.

/u/monero_desk_support

2 points

1 year ago

I think that's a low risk. Devs who wants to help to have the best coin for privacy don't have any interest to start a new coin. It is much more interesting to help developing monero where you already have ccs, bounties, etc... where you can be easily funded if you have the right skills and objectives.
You don't need only skills to make a better coin than monero right now, you need an entire team and money for audits. If you'r not planning to put a backdoor or using unproven tech, you don't have any motives to not developing and get funded for monero.

/u/slighted-kangaroo

1 points

1 year ago

Monero doesn't face this risk as much as Bitcoin because Monero was started with the intent to always change and be a better version of itself, while Bitcoin exists for the sole purpose of staying the way it is forever, with the ideology that ever since the founder left, no one has the power over someone else to propose changes. So new coins only mean new tech, that Monero can study and adapt to itself.

/u/irishfella25

1 points

1 year ago

dude, there wont be any new coins similarly to monero because monero has got everything it need to stay privacy! plus UNLIMITED SUPPLY :-D

/u/piezoofc

1 points

1 year ago

Well, Monero is basically one of the few actually secure cryptocurrencys, everything else is either a fedtrap or a shitcoin
In my opinion, with Monero's fair mining systems and privacy, It'll probably go up
As long as Bitcoin keeps on losing It's image, you'll be good
For the finding locations with XMR, I don't think you can, even Bitcoin with It's public and not so private systems only let's the glowies see how much money or where you used It, Not to mention you can just use a Tor network or a dummy wallet

/u/DarkBytes 📢

1 points

1 year ago

i mean in general monero price is kind of steady thats why i am still holding just there have been quite some privacy concerns and i am skeptical I believe that if monero ever goes up it will be in 1 year + for the pump to start and still it won't be a crazy pump cuz its monero u know

/u/lrchdr

1 points

1 year ago

Like it or not, Monero's thread model is quite unique and this does not support its investment potential. It is simply false loyalty to fight against the invest in Bitcoin, trade in Monero tactic.

/u/DarkBytes 📢

1 points

1 year ago

I Don't See it as an investment module just i have been holding for like years cuz i have been using it for a while as well so idk if i should be worried

/u/CYBERCHAD

1 points

1 year ago

You can always send your stash to me. I will hold them like my babies.