/biz/ - Business & Finance

>>58128386
>thought monero was supposed to be a currency and not an asset that people and dealers and whatsnot were supposed to hold

Did you miss this?
>Having said all that though I must stress that Monero Is A Terrible Investment™ and you should only be buying it to spend it.

>btc with all its flaw still have a lot of arguments for being a store of value

lol no it doesn't, forcing the SoV meme became necessary once BTC's failure as a MoE became undeniable, it was either admit failure or conveniently change the narrative and start insisting "BTC is a SoV now!" Bitfags continue to insist upon "muh store of value" despite BTC being a demonstrably terrible SoV because they have to, its their last stand at keeping BTC relevant.

In contrast, MoneroChads don't need to insist upon Monero being a robust medium-of-exchange, XMR's organically growing adoption in real-world markets speaks for itself.

>the volatility will eventually stop since more and more people are getting in and willing to hold it anyway

lol no, the more people there are accumulating in anticipation of higher prices (that is, speculating) the greater the degree of profit-taking when a pump happens, which inevitably leads to a dump and more accumulation, which (with some help from Tether) then leads to another pump and so the endless cycle of volatility continues.

The only way to reduce volatility is to increase non-speculative demand, and the only way that happens in cryptoland is by becoming a viable medium-of-exchange. So, XMR.

And besides, there isn't actually "more people" getting into BTC, interest in BTC now is much less than in previous years despite an ATH recently being hit, normies are getting blackpilled on all the BS in the cryptospace and simply not caring anymore. Once they realize how fake & gay & manipulated the price is, it doesn't matter how high it goes, the FOMO goes bye-bye.

Thus, the future for any crypto that isn't economically relevant to non-investors is frankly very grim.

>>57907635
>imagine the cope

>It'll bounce back, it always has before!

Compared to previous years, there is already a noticeable lack of normie excitement over BTC hitting ATH, seems a critical mass of them are finally getting blackpilled on the fraudulent price action that maxipads foolishly believe will continue to sucker in the masses.

And once Tether is no longer able to prop BTC up, its all downhill from there. The only thing that could conceivably generate enough organic demand to save BTC is the establishment of a growing circular economy but that ship sailed years ago. This is what happens when you prioritize harebrained HODL narratives over actual use as a currency.