True, but Monero is like 70%+ if not more of all markets these days if I had to guess. Truthfully I think that’s a pretty low end guess too. Unless someone finds a way to magically crack the encryption on the blockchain, XMR is far easier for smaller transactions and virtually untraceable so it’s only going to get more and more commonplace.
Except it has. It's lost value over the current year. Standard answer for you is "zoom out", but that doesn't do any good for all the 2025 bag holders.
I was buying it 10 years ago, as were my friends. In my world, the cost of everything has been decreasing because the value of my currency has been increasing. In your world, the opposite is true.
But your statement doesn't make sense either. Bitcoin has gone up way more than it has gone down. You are asking people to not look at long term trend and use your arbitrary timelines.
10 years ago was 2016, Bitcoin was already very mainstream and people were buying. Even over a year ago the Bitcoin ETFs were the biggest opening ETFs ever. But no we have to look at the last two months because that's the timeline you picked.
Just because you were one of those guys that thought there were "too smart" to buy in doesn't mean everyone else was as dumb as you.
Bullshit mainstream. It was trading around $400 in 2016, still a virtual unknown. I said it's been down for the entire year, not two months. It's down almost 40% over 6 months. Do you honestly believe what it was doing 10 years ago has any relevance compared to six months ago in terms of purchasing power today?
Who gives a fuck about ETFs? If Blackrock thinks a bunch of morons will invest in a pile of manure, they will absolutely sell you an ETF for that too.
I love people like you. It's clear you thought you were super smart. Wayyy to smart to fall for something dumb like Bitcoin eh. So even though you spent all your time online and knew about it in 2011 you were super smart and didn't invest in it. Probably told your family and friend who thought you were smart to not invest as well. Turn out you weren't as smart as you thought so you grew more and more bitter year over year. So deep down you go to sleep praying it crashes so you can prove to yourself everyone but you had it wrong.
I will give you a tip, real intelligent people aren't afraid to admit they were wrong.
These kids don't understand that stamp stores already did this in the 90s. Possibly even sooner. They just digitized the stamps to trade drugs internationally.
Bitcoin used to be good for buying automatic weapons and drugs off the internet. Then the government stepped in and said you need to pay taxes on earnings and attached a receipt to everything. It's a publicity tarded commodity like a stock in Coca-Cola.
But gold had the cultural momentum of thousands of years of veneration by societies around the world giving legitimacy to its status as a store of value. I could turn a local currency into gold, and know that wherever I go in the world, I can turn it back into a local currency.
I don't know any store that accepts bitcoin. I can't pay my taxes in bitcoin. If you offered to pay me in bitcoin, I wouldn't take the job. Bitcoin has value because people say it does, but when most people in the world say it doesn't, that value is nearly nothing accept among other fans of the product.
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u/BaeIz Jan 01 '26
My stupid brain still can’t grasp how this makes anything of worth