whats the reasonable consensus on xmr price speculation? as someone pretty new to xmr (but not crypto), i feel like mcap is locked in because the xmr use-cases are pretty solidified at this point. thus price will fluctuate with btc (inverse correlation). any other takes/resources that contradict that? or any exciting medium/long term features being

scoped?

asking as im debating what % of my mining returns i want to immediately cashout vs hold in xmr

<g​ooglemozilla:matrix.org> s​piffyhippo XMR is not inversely correlated with the BTC market, contrary to what might be expected. In November, its Pearson correlation coefficient on the 360D timeframe was around 0.3 with BTC, which is the lowest among BCH, ETH, BNB, and other "top"

<g​ooglemozilla:matrix.org> coins.

<g​ooglemozilla:matrix.org> Although this correlation is far from inverse, Monero has been approaching negative correlation due to delistings since the Binance event. However, if it were to become inversely correlated, hedge funds would likely take notice. When that happens, firms that don't closely follow crypto will still invest in XMR as a hedging tool.

<g​ooglemozilla:matrix.org> I've been studying this trend closely and wrote about it in #monero-markets:monero.social where I shared some insights, but I must follow my company policy, so this is the most information I can provide publicly.

<g​ooglemozilla:matrix.org> matrix.monero.social/_matrix/media/…matrix.org/pCbsqRHLsmsQRgNjSkOAYmdF

<p​reland:monero.social> The potential value of Monero is actually quite high (note: potential) if Monero were to ever become a general usage currency. There aren’t any “shortcuts” for Monero’s price to go up, hence why it isn’t going up because of Trump. If the “circular economy” of Monero grows, Monero’s value grows. If it doesn’t, then it goes down. Any extra volatility is just that: volatility

i think a big problem is getting people to pay for things with xmr and also give up their address.

in an odd way, it would be better if it had point-of-sale support, then we're at the whole, need-the-chain problem.

<p​reland:monero.social> I

<p​reland:monero.social> Eh I won’t say anything yet, I’m still working on it

<p​reland:monero.social> Let’s just say that I am interested in seeing if it is *possible* for Monero to eventually become a universal currency

Hello. I need a BTC->XMR swapper that won't rob me

teatime: trocador is an swap aggregator and will show you the offers as well as give ratings

I believe they also provide some guarantees

its TLD is .app

<3

<s​yringes:matrix.org> What does universal mean? I doubt it will ever become the predominant cryptocurrency due to delistings and government bans.

<s​yringes:matrix.org> Majority of the populace does not even understand cryptocurrency as a concept much less would they care for anonymity unless required. Perhaps it could become popular in certain restrictive zones with harsh government oversight? I believe that's already the case in some regions of the world just not with XMR

"care for anonymity unless required"

actually we live in a police-surveillance state

<s​yringes:matrix.org> Yes but the average person does not realize that, thus they do not care.

that's a too general conclusion

<s​yringes:matrix.org> I suppose I can see that. My opinion comes from my personal culmination of experiences. What alternative conclusion or revision of mine do you suggest?

I agree that so far people are not opposing their masters in a coordinated way. But I wouldn't go as far as to completely blame the victims.

<s​yringes:matrix.org> I presume by masters you are referring to those in control of surveillance. Maybe I've misunderstood what you mean by blame but I don't believe I am blaming anyone. It is what is it.

<s​yringes:matrix.org> I presume by masters you are referring to those in control of surveillance. Maybe I've misunderstood what you mean by blame but I don't believe I am blaming anyone. It is what it is.

surveillance is just one aspect of the totalitarian system we live in. And the system isn't based at all in the 'consent of the governed' - not even close.

on* the consent

Majority of people don't seem to understand money in general. Majority of people have been 'educated' in government schools. And despite those facts they can still see that government money is being debased and that they have to pay higher prices to get the same or worse stuff.

<i​axat:matrix.org> How to know which merchants in which field accept Monero.

<j​ohndoe427:matrix.org> seen a good write up on Diaspora* in 2020 about how censorship, mass surveillance, and media manipulation are all tell tale signs of wealth aggregation into the hands of a powerful "elite" and it was beautifully written too. Wish I could still find it to share, but alas I cannot as I have tried countless times these past years since first seeing it to no avail.

<j​ohndoe427:matrix.org> Unless a certain group of individuals happen to make it into government at high ranks that is... but yea right.. right? lol

<j​ohndoe427:matrix.org> uhhh fuck... there is actually a website that lists a tonne of em

<j​ohndoe427:matrix.org> but again i don't remember it.. I hate being old...

>Study: US is an oligarchy, not a democracy

shocking news!

<j​ohndoe427:matrix.org> Yea the world already knew that 😆

<j​ohndoe427:matrix.org> I'd like to see a study showing why Americans think that their government is going to save them from their government because they elected their government to protect them from their government? Its like they can't see the "invisible strings" that control their nation lol

damn, I need like $1 more of XMR than I have lol

0.0358

would someone hook me up? or let me cashapp you like $5 for 0.0358 XMR

god damn it how did I fuck that up

<j​ohndoe427:matrix.org> ...

<j​ohndoe427:matrix.org> Why would someone send you .0358XMR for dollars that are worth less than .0358XMR?

<j​ohndoe427:matrix.org> And who is using Cashapp here?

<j​ohndoe427:matrix.org> I have many questions

<j​ohndoe427:matrix.org> lol

is that worth less?

I looked it up and it was like $0.50

anyway I don't need it anymore

oh I guess it's 5.28. well I would have been happy to do $10 or something for that

<j​ohndoe427:matrix.org> i DoN't NeEd It AnYmOrE 😑

<j​ohndoe427:matrix.org> I might have done it for 10 USD but the offer wasn't there at the time 🤔

yOu UsE cAsHaPp bRo?????

<i​axat:matrix.org> Hello Everyone, new here

<o​frnxmr:monero.social> High

<i​axat:matrix.org> I was trying to buy Monero, but I noticed that Guardarian charges way more than the market price. Which are best places to get one?

<s​yntheticbird:monero.social> Right now, best rates are probably buying cheap btc (through a CEX) and swapping to xmr on that CEX if supported or using trocador.app. If you value no KYC (which i think you don't since you tried Guardarian) Haveno(-reto) is the only solution to buy XMR with fiat directly.

<j​ohndoe427:matrix.org> matrix.to/#/#getyourfirstxmr:monero.social

<j​ohndoe427:matrix.org> U need monero to buy monero on Haveno...

Through a CEX? And leaving them your ID? Don't think it's a good idea.

<b​asses:matrix.org> what?

johndoe427, I don't need it now, but I wish this was not just on Matrix - Matrix is harder to selfhost than, say, Simplex or XMPP.

basses, that was about syntheticbird's suggestion.

Also, Bisq is working on the trades without the initial deposit: "Initially when Bisq 2 is launched the difference between versions will be that Bisq 2 will allow for users to buy bitcoin with no security deposit, no trade fees and no miner fees. Whereas, Bisq 1 will allow users to buy bitcoin with a security deposit and incur trade fees and miner costs."

<i​axat:matrix.org> What are no kyc options?

Haveno-Reto is the main one nowadays, also swaps from other cryptocurrencies are common. I've seen people here use Bestchange, but that seems sus (and some sellers I've seen do require KYC).

<j​ohndoe427:matrix.org> Have you never used Haveno?

<j​ohndoe427:matrix.org> Means places that don't try to deanonymise you and (likely) won't comply with government surveillance or are less likely to anyway

<j​ohndoe427:matrix.org> No through p2p purchase

I meant for people who need the initial amount to complete the trade

<b​asses:matrix.org> >U need monero to buy monero

<j​ohndoe427:matrix.org> Well, yes, that's why that chatroom exists. Or, find someone via Reddit or something. There's a list of traders on there p2p without haveno being involved

<j​ohndoe427:matrix.org> Its like finding cannabis in a country where its not legal or socially acceptable by the masses yet basically lol

<j​ohndoe427:matrix.org> Like its there for sure, but you gotta know where to look lol

Yeah, indeed. Just wish the room mentioned above was bridged to other places given the importance)

<j​ohndoe427:matrix.org> Oh, yes, I understand now what you mean. I agree also with that sentiment.

wait, what chatroom?

<o​frnxmr:xmr.mx> haveno faucet

is mymonero dead?

should i be moving off of it as my wallet?

guzzi: no idea what the status is. Probably would be good idea to look at other options regardless

guzzi: yes

if you need immediate sync like with mymonero you can use Edge

otherwise cake works fine