From a chart perspective, Monero bull market will be brutal when it hits.
With no exchanges left to short and little liquidity available it will only know one direction for years.
All but Monero? Pretending that Monero doesn't exist?
Or have they found a loop hole to integrate it in their portfolio without listing it directly?
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From a pure chart perspective we are now waiting for the confirmation of a XMRBTC double bottom.
If you can find the liquidity to sell some BTC for real XMR this may be the time.
Exch.cx currently has 0 XMR in their reserves
Haveno has 2500 XMR in offers
How to buy Monero after the delisting of Monero – get to know Haveno
Back in the days we were expecting that instead of embracing Bitcoin (then the only coin), states around the world would fight it hands over fists. Now, one can not say that fighting didn’t happen. But Bitcoin as is today, became part of the political agenda and finds itself in the portfolios of the largest funds – unfortunately more often than not under control of custodians. Because for better (decentralization) or worse (custodianship) BTC has a limited transactions capacity which forces it into custodial solutions.
There are two fights
One for a store of value that can not be inflated at will (hidden tax). And another one for digital cash and privacy. Satoshi didn’t intend to separate the two. But the lack of fungibility and the inherent nature of blockchains helped separate the two ideas.
Bitcoin seems to have won the store of value contest. Which means there’s now a control knob on government and central banks inflationary policies. It needs to be seen, if centralized institutions might run afoul and reintroduce fractional reserve crypto banking down the road.
**Bitcon is winning.**
And the state gave in? Or did it? Not so fast!
There is another fight. One for permissionless and private digital cash.
Enter Monero. The one project most similar to Bitcoin’s story of creation.
Anoynmous founder… Left the project early… Cypherpunks culture ...
What we’ve seen with privacy coins in general and Monero in special is that the state didn’t give in, but instead turned all it’s power against what it represents. The freedom to transact privately between two parties without needing a third party nor anyone to identify or surveil the parties involved.
The last years of Monero history are full of negative stories
* Price suppression in cahoots with centralized exchanges
* Overreaching regulation of cash-like AEC (anonymity enhanced coins) - mostly in Western countries such as UK, Australia, Japan and EU.
Which concluded in the delisting of Monero on basically all major CEX.
But in the end delistings are an overall good thing for both users and speculators who believe in the need of a cash-like medium in the digital age that doesn’t leave traces.
Delistings….
* Increases privacy and reduce attack vectors
* Increases the need for self-custody
* Reduce market manipulation capabilities
all that at the cost of
* Temporarily reduce liquidity and access
Monero is not yet winning like Bitcoin does, but delistings are not a sign of defeat either. Much rather they point to governments being afraid of it wanting to ignore it and getting rid of it. But Monero does one thing exceptionally good: Refusing to comply and refusing to die.
The decentralized ecosystem
While Bitcoin’s success has been built around the advent of CEX and the financialization of it as a mainstream asset class, Monero is all but that.
Cypherpunks are currently creating decentralized, permissionless and private infrastructure like Haveno, a P2P exchange running over Tor around Monero.
So if Bitcoin was at the center of the centralized cryptocurrency ecosystem plugged-in into mainstream financial networks. Monero is at the center of the decentralized and private cryptocurrency ecosystem.
Truly decentralized exchanges
Projects like Haveno make it easy to obtain Monero for any fiat payment method and any currency.
If you are ready to leave behind the cumbersome, intrusive and dangerous KYC (Kill Your Customer) processes of large CEX, Haveno will provide you with a fresh trading experience.
Not so convenient at first because it requires to rewire our own thinking process in regards to trading. But so far no one would want to miss the ease of a DEX like Haveno after using it for a couple of times.
How to use Haveno?
Haveno-reto is currently the only viable network running the Haveno software. It is „up“ for a little over five months seeing constant growth. You can download it in https://haveno-reto.com and it will run on Windows, iOS and Linux. Though you really should consider to run it exclusively on Linux for privacy reasons.
It’s easy to install it on an USB sick with TailsOS (Linux) alongside your main system. See below.
This is a short guide to install "Haveno Reto" debian package on Tails: https://github.com/retoaccess1/haveno-reto/tree/master/scripts/install_tails
___
**Step by step instruction after you already have a [Tails USB](https://tails.net/install/linux/index.en.html#download)**.
1. Enable **persistence** https://tails.net/doc/persistent_storage/index.en.html
1. Set up **administration password** https://tails.net/doc/first_steps/welcome_screen/administration_password/
1. Activate **dotfiles** in persistent storage settings
1. Run **the following** command in the terminal to download and execute the script from the "Haveno Reto" repository. Enter the administration password you have setup when requested
____
curl -x socks5h://127.0.0.1:9050 -fsSLO
https://github.com/haveno-dex/haveno/raw/master/scripts/install_tails/haveno-install.sh
&& bash haveno-install.sh
https://github.com/retoaccess1/haveno-reto/releases/download/v1.0.12/haveno-linux-deb.zip
DAA24D878B8D36C90120A897CA02DAC12DAE2D0F
___
You can then start Haveno by finding the icon in the launcher under "Applications" > "Other". It should connect and synchronize with both the Haveno Reto and the Monero network.
Check your configuration:
1. reboot Tails
1. enable persistence and admin mode again
1. launch Haveno and confirm you can access your account
____
Haveno Reto public signing key of fingerprint above. https://haveno-reto.com/reto_public.asc
Chances are you are not bullish enough on Monero.
Price stability is a feature provided to you buy DNM and fractionally reserved/naked short CEX. As one after one drops out the imbalance increases and needs to forcefully move into one direction (up) until a new equilibrium can be found.
Traders do want to look at XMRBTC, XMRETH and XMRUSD.
Mastreluc would have called the pattern on the weekly chart for XMRUSD a "catapult". Enjoy the ride!
Monero is the renaissance of electronic cash as envisioned 50 years ago, both by cypherpunks and Austrian economists.
Glad we had Bitcoin to make the world comfortable with cryptography and value transfer. It's about time Monero takes the lead in providing security and privacy for all users alike.
Early Bitcoiners (2009-2012) have been critical thinkers and conspiracy theorists, educated in adversarial thinking.
Almost all of them are not just users but long term holders of Monero.
Monero is objectively more scarce than BTC.
* Less circulating supply (until 2040).
* Lower yearly emission of new coins until next halving.
* Almost 100% self-custody without fractional reserved coins diluting supply
* No more CEX listings, where derivatives and futures control spot price
* No more (naked) shorting without buying real coins first
* Incentive to create circular economies
#scarcity
To my fellow Bitcoiners, once nocoiners.
You might want to buy some [Monero], in case it catches on.
XMRBTC bottom on the weekly is in. Testing 0.0028, 0.039 and 0.0055 next.
After that we'll see how a super scarce (because not available on CEX) and thinly traded asset like Monero will react on constant demand by nocoiners, Bitcoiners and shitcoiners alike who all seek a private shelter for their wealth.
In before #taxhell incoming
MONERO - OPEN PROTCOL FOR DIGITAL CASH
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Those 80% do not own Bitcoin or Monero yet.
I can see where they are coming from. But we are very much on track to liberate ourselves from this mess no matter who runs for office.
Politics is theater for the masses who don't go to the theater.
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Bitcoin long term chart vs USD is predictable. It follows a log trend line until it breaks upwards because $ inflation becomes a bigger factor than the capitalization trend as a global reserve asset.
At some point Bitcoin IS a global reserve asset. That's when it will get less interesting as an investment.
And I tell you today that that is the time the attention will focus to Monero, which will seen as a beautiful off-shore bank account for all the Bitcoin UHNW individuals.
That's probably also why Monero's long term chart is much more interesting in the long term and frustrating for its holder in the short term. I am especially looking at the 3M chart here. It's a gigantic bull flag waiting for completion in the next 3 years.
Bitcoin for safe gains vs $.
Monero for the unpredictable wild ride.
#Bitcoin # Monero #Markets #Charts
"Banks currently limit cash withdrawals under the pretense of money laundering and security. They will ask all sorts of questions if you even TRY to withdraw your money. They realize we are on the verge of a crisis in banking on a global scale."
Martin Armstrong
"Safe trades" can only happen with money that the trading parties directly control themselves - hence without third parties. Meaning USD cash for Monero or Bitcoin on Haveno or Bisq is the only viable thing.
Prepare for all kind of bullshit excuses why banks and crypto banks need to limit access to their customers accounts.
#introductions
Old time redditor leaving the old continent behind and exploring the new frontier that is Nostr.
Tell me about the npubs I need to follow.
Interested in maximizing privacy and freedom.
XMRBTC with a 6 month high and potential longer term outbreak.
XMRETH with a significant outbreak.
XMRUSD close to breaking out with extremely bullish set up on the monthly chart.
We are entering a time where privacy formerly seen as a luxury good turns into an essential good.
Nostr, Monero, GrapheneOS, SimpleX will be the tools of self-defense.
Bitcoin will take market share from USD and gold, but the growth potential will be far exceeded by privacy tech.
#Monero #Bitcoin
I am not overestimating those whom I talk about.
Most people as harsh as it may sound don't matter in an economic sense. They are trend followers. And they will buy into privacy by marketing. Funny enough that most of today's Bitcoiners fall into the same category. They would never have discovered Bitcoin early on.
There are people who know what's going on in this world developing and using freedom tech. It's them who shape the world.
The CEO MODEL IS DEAD.
If it's centralized (corporations)
If it is identified (ID/KYC)
If it has reach (mass influence)
Agent Smith will come for you. Don't feed into the old model of doing things. Do it like @jack
In a deeper sense this is a spiritual phenomenon. Entrepreneurship, leadership and glorification of ingenious CEO's is nothing more than worship of the "ego" contributing to false identities on top of false beliefs.
Instead thanls to @ODELL we are now humbling ourselves building protocols that serve our self-discovery and self-expression as sentient beings.
I am so done with Reddit!
New to Nostr. Tell me about best practices. Which accounts to follow?
I am an early Bitcoiner and Monero enthusiast seeking to build strong community bonds and free information flows.
Get to know "Haveno" the long awaited decentralized exchange and full LocalMonero replacement that enables direct Fiat-to-Crypto trades.
Background: Earlier this year Binance, OKX, and Kraken (partially) delisted Monero. While expected for a long time and even encouraged by the community for fractional reserve malpractice the sudden lack of liquidity still put huge pressure on the Monero price. In a time where every other coin pumped, with BTC reaching a new all time high (ATH), Monero instead took a heavy dump testing multi year price support.
Then the next bummer in May. LocalMonero, the biggest P2P market decided to close its doors with little time to react to the news. Though they did it in an orderly fashion they still left a huge gap for privacy conscious people who want to trade in and out of Monero.
Haveno after years of waiting enters the game
Haveno, a more private version of well renown "Bisq", which without doubt can be described as the OG DEX took over the market of LocalMonero - this time in a decentralized way. Which makes it currently the most reliable and private Fiat-to-Crypto exchange within the wider crypto ecosystem.
How to trade on Haveno?
1. To access Haveno you need to download the software from https://haveno-reto.com or https://github.com/retoaccess1/haveno-reto/releases to your computer. No account needed.
2. The software for privacy reasons connects automatically to the Tor network.
3. You fill in some account information e.g. your bank account number or PayPal account (everything encrypted and only shared with your trade partner)
4. You send a security deposit to your wallet so both buyers and sellers are protected during the trade
The downside:
* Currently there is no mobile app available and
* DDos attacks rendered the P2P network unusable for quite some time. The problem has since been fixed. But
* liquidity is still in its early stage.
Crypto is all about collaboration. We made and still make things happen that didn't exist a decade or two ago.
If you are interested in private and permissionless trade of a private and permissionless cryptocurrency or are willing to provide liquidity at a premium, Haveno is for you. Help bootstrap it so it can fulfill its mission of uninterrupted trade - for the benefit of all of us.
Also this may seem as an endorsement of Haveno over other projects, it's much more an acknowledgement of developers who create software to enable free trade between free people.
*) For legal purposes the Haveno developer team decided not to run seed nodes themselves. Instead https://haveno-reto.com is seeding and arbitrating the network.
Oddbean new post about login | logout
Notes by gr8ful4 | export
Proof of reserves: Exch.cx 0 XMR 410 BTC (~240,000 XMR) Haveno 2,500 XMR