We have officially entered dump territory. No further comments at this time.
“No more dumps” https://m.primal.net/Jonx.jpg
No, WE haven't. Monero is still ranging working perfectly as a SoV when you need it most. Securing against dumps in times of crisis. Yes, so far it hasn't been a good investment in the last 7 years. But it is the king of digital cash and arguably a better private store of value than BTC which unlike Monero is a great investment, that unfortunately suffers the fate of other investments in time of cris when everybody is looking for liquidity (how ironic) in USD.
Didn't monero drop 20% when Binance delisted? Wasn't that a dump? BTW, where can you even buy XMR? It being so illiquid there's likely a lag on the dump
Harder to manipulate or dump now that it is off most centralized exchanges. That's why it is less correlated with crypto markets overall. You can get Monero directly with fiat on Haveno Reto Swap Bitcoin for it with Bisq, Unstoppableswap, BasicSwapDex Or swap practically any crypto for it on aggregators like Trocador, Orangefren, Intercambio, Wizardswap or a hundred other swappers out there https://haveno-reto.com/ https://bisq.network/ https://unstoppableswap.net/ https://trocador.app https://orangefren.com/ https://intercambio.app/ https://www.wizardswap.io/ https://kycnot.me/?t=exchange&q=&xmr=on
I think you'd analysis is a little naive. Few exchanges with thin order books are a playground for pump and dumps. Whales probably have other more lucrative sh$tcoins to play with for now, but I wouldn't count it out.
None of those I listed are exchanges where you can keep your crypto parked that gives them the opportunity to manipulate and front-run (Binance, Coinbase, etc) They're all either self-custodial DEXs/atomic swaps or immediately give you the crypto for a swap Users can't "park" their crypto on it like you can with Bitcoin on large exchanges I'm not saying it's impossible. I'm saying it's harder to do in that regard.
There's between 100 and 200 (sometimes more and growing) million USD equivalent daily volume for XMR, and that's only on CEXs. We have DEXs, p2p and trade for goods as well. XMR did dump by 50% to BTC when binance delisted. It has since recovered 50% and is on it's way up still relative to BTC. Binance and other CEXs were trading XMR that didn't exist (nobody should be using a CEX that doesn't publish the viewkeys for their XMR reserves) and then when they delisted they disallowed withdrawals, forcing people to sell for something else. It should not have recovered if the price weren't due to deliberate suppression, yet it's recovering as we speak. i expect it to perform well in the coming years relative to BTC, possibly outperform it. If you want to buy XMR, kraken is good outside the UK, and there's always Bisq (for BTC) and Haveno (for fiat).
There's no point on buying monero on kraken.
Then use bisq or Haveno.
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