Quote from: kurious on January 17, 2022, 10:49:33 AM

Quote from: Diamond Rolex on January 15, 2022, 12:37:16 AM

the legacy proof of work coins did nothing this bull cycle. xmr, litecoin, bch, all terrible performance, dont go anywhere near these legacy coins if you actually care about making money.

monero is great for privacy if you wanna do some hidden transactions but never store your economic energy in xmr, its a terrible store of value!

bitcoin and ethereum did over 3x from the previous highs during the 2017-2018 peak. Accounting for usd inflation monero never even broke its previous all time high from the last cycle.

And since we have entered a bear market monero is gonna go below $50.

I will try to be polite, but like cAPSLOCK I totally disagree.
Personally Monero has been the best investment I ever made after Bitcoin and a fair amount of the Bitcoin I acquired have been from profit taking on Monero's peaks. This may not be the case for everyone, of course - but 'storing my economic energy' in it has proved to be very rewarding.

As to a $50 Monero? Er.. not anytime soon IMO. It was way under that level ($26) as recently as 2020, but that only proves that today's price is hardly disappointing. On the contrary, Monero is currently acting bullish and a 75%-plus collapse is unlikely in any near timeframe.

Since you seem very confident, may I ask within what amount of time do you expect Monero to be under $50?

But relative to the market, Monero actually is very disappointing. If you’re an XMR maxi and everything you have is in XMR, I don’t think you’ve out performed the market that much and that’s if you’ve even out performed the market. I mean sure ‘the market’ has new coins being listed during the bullish phases and their all pumped to bloated market shares. Use XMR/BTC as the core basis then. It’s really an ugly chart for the XMR holder tbh.