/biz/ - Business & Finance

>>30348159
>lawful activity

lol you misread, chief, its UNLAWFUL activity that will push Monero to 5 figures. Black markets and tax evasion aside, money laundering via crypto is only just getting started (pic related) and Monero stands poised to be the primary beneficiary of it all.

>>30140863
>Source?

https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A

>>30009831
>ok so price predictions for monero?

Well, predictions are tricky in a market this volatile and irrational but if criminal adoption and therefore black money influxes keep steadily increasing then high 5 figures, even 6 aren't so fanciful.

XMR only needs a market cap of $180 billion to be at $10K. If just 5% of annual OC revenue flow into crypto i.e. Monero that's $100 billion EVERY YEAR! If its 10% that's $200 billion EVERY YEAR.

And that doesn't count the truly epic FOMO-fueled bullrun that will kick off once normies realize Monero is a bona fide Mars mission.

So you can see why the $40K projection is actually pretty reasonable and might well be an underestimation.

Friendly reminder that the majority of Monero's future growth is projected to come from global criminal adoption (black markets, tax evasion, money laundering), not institutional investors or frenzied moonboys.

Therefore, all Monero has to do to succeed in the long term is continue being the premier privacy coin in function and by reputation i.e. maintain its already excellent FUNDAMENTALS.

Anybody that suggests FUNDAMENTALS don't actually matter is a bubblehead. The Hype Train can only carry you so far, FUNDAMENTALS is how you remain standing after the bubble bursts.

https://en.wikipedia.org/wiki/Dot-com_bubble

>>29324992
>Reaffirming made up price predictions does help no one

That price projection isn't "made up" in the sense it was pulled out of somebody's ass, its based on the estimation by professional analysts of expected black money influxes flowing into Monero over the next decade.

You can read the full analysis here: https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A

>>28703668
>I can't see the average pleb like you or me getting rich off of this, that's all.

Step 1: buy 100 XMR.

Step 2: wait long enough for black money influxes to sufficiently inflate XMR's market cap.

Step 3: atomically swap XMR for BTC/LTC/whatever and sell on exchange, pay any taxes.

Step 4: hookers & blow.

>>28404007
>this didn't age too well lol.

Its a ballpark timeline, and timelines are notoriously fickle. But their general reasoning is spot-on. Everybody else is so obsessed with institutional investors they forgot the shadow economy is worth TRILLIONS of USD and that its agents are starting to move into the crypto game.

Just a waiting game now.

>>28293820
>Monero's current most realistic usecase is as currency on Silk Road-type markets, it's not like the people involved give a shit if governments ban it to begin with.

Black markets, tax evasion and money laundering are the Big 3 applications.

>>28176789
>Right, but people are retarded or just don't care. And if customers only want to use text messages then the dealers have to as well, but that's why dealers use trap phones.

The proliferation of darknet markets clearly shows the demand is there and continues to grow. An Amazon-like interface with buyer feedback obviously makes for a superior user experience, its just a matter of normies realizing such an option exists now.

>plebbitors are retarded, and r/darknet seems like a honeypot otherwise it would've been banned already.

Darknet veterans know their OPSEC so their opinion counts for a lot, which is what matters here.

>I'm sure another marketplace will take Dark Market's place soon since the average person is too dumb to figure out xmr or simply doesn't care enough about their privacy.

Dark Market is dead: https://www.reddit.com/r/darknet/comments/kvqb3v/darkmarket_is_seized/

And figuring out XMR isn't rocket science, people are just lazy and won't switch unless forced to.

But with the US Treasury blacklisting the shit out of compromised BTC addresses the imperative to move to Monero continues to grow, so its just a matter of time until BTC is history on the DNM.

> I don't think the dnm has much of an effect on price action anyway, especially since vendors need to sell for fiat. Chainalysis claims dnms only had 1.7 billion in volume last year, and apparently Dark Market only had 170 million. Hopium is nice, I'm just a bit cynical after being in this market for a while.

DNM are small potatoes compared to the tax evasion and money laundering sectors, literally trillions are in play there and XMR only needs a $184 billion market cap to be worth $10K.

Utility and adoption are what matter in the long run. Monero by its fundamentally covert nature is inevitably going to prove VERY useful to some VERY wealthy entities, criminal or otherwise.

Tax evasion and money laundering are entering the crypto age, gentlemen. And its agents won't be using anything else but the best, most battle-hardened and demonstrably reliable privacy coin as their freedom will literally depend on them getting it right.

Truly the comfiest of holds.

>>26257582
>If you keep using that as your cope you'll only manifest a huge sell off once the atomic swamps are implemented.

lol excellent, more liquidity for the tax evaders and money launderers then. As the darling of the darknet, Monero is clearly going to be THEE primary if not exclusive crypto of the blossoming shadow e-conomy and will see its marketcap grow accordingly. Tingles!

>>26213579
>those estimates suck, and we're already in year 2

Timelines are tricky and notoriously fickle, especially in a market as irrational as this one, so being off by a few years is to be expected.

But their fundamental reasoning is solid and is being borne out: criminal/shadow economy adoption of crypto is increasing with time and XMR can ultimately expect to be a major beneficiary of this trend.

>Latin American crime cartels turn to cryptocurrencies for money laundering
https://www.reuters.com/article/mexico-bitcoin-insight-idUSKBN28I1KD

>Criminals laundered $2.8 billion in 2019 using crypto exchanges, finds a new analysis
https://www.technologyreview.com/2020/01/16/130843/cryptocurrency-money-laundering-exchanges/

>Why untraceable cryptocurrencies are here to stay
https://www.cbs.dk/en/the-press/news/why-untraceable-cryptocurrencies-are-here-to-stay

>>26174781

>Only people buying this are darknet crackheads and pedos

Money laundering via crypto is starting to heat up. No prizes for guessing which coin will see most if not all of the action.

>>26163682
>Sometimes I feel like the FUD is getting to me, all the discussion about banning etc, normies being too scared to invest..
>But I kind of rely on the idea that there is so much money in shadow economy and when more and more of that moves into monero, it will be good.

Well here's some peace of mind: even the Establishment is now realizing that the future of money laundering definitely involves crypto. And as the premier privacy coin and soon-to-be the default on the darknet, Monero is clearly going to be a major if not sole player in this game. Criminals clearly trust in Monero's tech and as long as that remains the case their confidence and thus their utilization of XMR will only grow.

So its not at all far-fetched to imagine eventually hundreds of billions, perhaps even a trillion or two going through the wash at the Monero Laundromat.