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Showing 5 of 5 results by exoticweiner
AT this point XMR feels like proof that TA rarely works. So many TA'ers have shown big moves on XMR, yet it barely does anything and just goes down with Bitcoin and ethereum, but not upwards.
But I still believe in it, surely the vast majority of weak hands are out by now.
But I still believe in it, surely the vast majority of weak hands are out by now.
XMR being stable is good for markets, especially for those that are buying and selling illegal goods. It's also relatively removed from the hype surrounding coins like BTC and DOGE for example, so it is similarly removed from big moves. I'd take this time to accumulate as much as possible, it's a buyer's market right now
Humans are not necessarily a religious creature, I'd argue we're just very prone to being ideologically-possessed. That ideology could be a religious or political one. The declining popularity of religion is the reason why people are so ideologically possessed nowadays, humans want to believe in something.
I don't know about stagflation, that is also form of inflation, but you simply can't avoid hyperinflation when in just one year you print more than 40% of all US dollars that ever existed.
There is simply too much money in circulation now, and if you read the history you will see that German Weimar Republic did the similar mistake in 1921 and we should all know what happened after that.
They had a huge debt and they believed that winning a WWI would make them avoid paying that, they canceled the gold standard and printed a bunch of worthless paper.
So in reality when countries want to avoid paying big debt, they create war or other type of crisis and that makes me wonder about situation we have now in the world...
...
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
There is simply too much money in circulation now, and if you read the history you will see that German Weimar Republic did the similar mistake in 1921 and we should all know what happened after that.
They had a huge debt and they believed that winning a WWI would make them avoid paying that, they canceled the gold standard and printed a bunch of worthless paper.
So in reality when countries want to avoid paying big debt, they create war or other type of crisis and that makes me wonder about situation we have now in the world...
...
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
Yep, a classic example is the Weimar Republic. While I agree on your general principle of the US not being able to withstand such an "attack" on its value, there is a greatly important difference with other currencies. USD is worldwide accepted in exchange for commodities, particularly gas and crude. The demand for USD is not only derived from its condition of legal tender in US, but backed up by goods all over the world making its demand much more elastic than other currencies.
That is true but that ability to export inflation can only go on for so long. All it takes is one big shock (Coronavirus), and right now we are seeing countries all over the world shift away from the dollar and other dollar-denominated assets. Yeah we have a huge military but it's definitely loosing steam (see Afghanistan). I don't know if you're from here but in the U.S. people just aren't really patriotic anymore. The country is demoralized and America as a whole will suffer greatly if we get locked in another forever war.
Commodities should always do well stagflation though that's true. I'm not a bitcoin maxi but I think bitcoin could do extremely well under similar circumstances.
In the case of the USA, I see that it is 0%.
Yes. That is true as of 2020. Since keeping only the 10% makes the supply 10 times greater, imagine what happens when they keep no reserves. This is when the “∞/21M” meme/joke became famous. The infinity symbol indicates the current money supply.
Indeed, since there's no limit in the currency inflation, you ought to be protected from a safe haven asset, otherwise you'll be pulled to poverty one way or another. Whether that asset is gold, Bitcoin, stocks etc. Although, I think that based on what's waiting us, Bitcoin is the best choice.
what do you think about monero's potential?
Monero is the king of privacy, monero transaction counts have been on the rise. I see a future with CBDC where every transaction gets monitored. Privacy doesn't matter until it does. Optional privacy is not enough. So my speculation about this coin is pretty high, i think the price can increasing drastically in the end of this quarter maybe it can reach new ath $550++.
Yep pretty much. BTC and XMR are pretty close in terms of price movement anyway like all other coins so assuming bitcoin hits ath xmr will as well. EOY probably if not EOM. BTW do any of you know of any other Monero dedicated forums similar to this site I can join?
