Quote from: Hueristic on April 24, 2022, 09:26:42 PM

Quote from: cAPSLOCK on April 23, 2022, 03:06:10 AM

To the old timers: Is it just me or has Monero often seemed to want to do this against a weak BTC backdrop over the years.

It used to until the naked shorting.

Yeah. I think you're right.

You know... It kinda stinks. Retail is just not going to organize enough to do the very simple thing that is needed to punish the exchanges. And I suppose if they did it would just shut one or two of them down for Monero.

I *think* if we really could get all the retail traders and "investors" to take custody of their coins it could have an amazing effect on the value of the coin. Really this is just as true for Bitcoin. But the effect would be much more extreme with Monero. The exchanges would be forced to buy shit-tons to cover what they would need to honor the withdrawals, AND the short squeeze could be magnificent.

I have often thought if it was done well it would dwarf the Gamestonk move. Basically the same thing, but imagine how hard Monero would move.

But there are just too many folks who don't give a shit, and are just leaving their coins in the custody of the exchanges... and blah blah blah.

Frustrates me. Not because I want the price to go up (which obviously I have nothing against). But because the people buying monero do not even understand what they have.

My Monero has NEVER been on an exchange more that 45 seconds past when I bought it. Sometimes for fun I look at my old wallet from a million years ago and look at all the dpepasits and w/ds just for memory lane.

And I have mineed over the years.. That Monero has never even touched a fucking exchange.

Not that it matters at all... it's exactly the same as what is sitting in Exchange wallets. Lol.

Anyway. I do still think we can keep this going in the right direction. In a way if the world keedps burning down, and exchanges get less and less honest... It will do it all on it's own.

One last thing. Is it not amazing screwed up that Tradeogre is probably the most honest exchange of the whole bunch at this moment... kudos, in case you read this thread.