Better ask your question in this thread.
[XMR] Monero - A secure, private, untraceable cryptocurrency
https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449
If you think that the number of people who want to hold the coin will be more, then its price should not be correlated with the price of bitcoin.
In the meantime, the price of all altcoins depends on the price of bitcoin.
Topic: /XMR/ Monero General (Read 73 times)
Can someone explain to me why buying and holding xmr doesn't effect the price? People have been saying this, but it doesn't make sense. I graspthat .6 xmr will be mined every 2 minutes after 2022, making the supply infinite, but that also means thats the inflation rate of xmr will always be going towards zero but never reaching it infinitely.
Welcome to the Monero General, dedicated to the discussion of the world's leading decentralized P2P privacy cryptocurrency!
Monero is secure, low-fee, and fungible, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT ensure that Monero's blockchain is obfuscated -- In other words, the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a user willingly providing a view key.
Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in June 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.
If you still have questions, feel free to ask and a MoneroChad will be with you shortly.
XMR Redpill: https://youtu.be/wq6w03E2DS4 [Embed]
XMR Stats: moneroj.net
USE Monero: https://cryptwerk.com/pay-with/xmr/
OFFICIAL WEBSITE - getmonero.org
WHERE TO GET MONERO?
>KYC:
Kraken
Binance
Bitfinex
>Non KYC:
LocalMonero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me
>Mining
archive.is/TWOah
HOW TO STORE MONERO?
>Desktop
Official Gui/Cli
My Monero
Exodus
Feather
>Mobile
IOS: Cakewallet
Android: Monerujo
Monero is secure, low-fee, and fungible, meaning users can send XMR around the globe despite corrupt governments or broken financial systems. Innovative privacy features such as Ring Signatures, Stealth Addresses, and Ring CT ensure that Monero's blockchain is obfuscated -- In other words, the financial history of all Monero users is encrypted from the prying eyes of adversaries on a public blockchain, with transactions being visible only by a user willingly providing a view key.
Monero has also improved upon the scaling downsides of current popular cryptos. To avoid high fees, dynamic block size ensures that the size of the blocks will increase as the amount of transactions increases. Further, the mining network algorithm RandomX establishes that anybody with a CPU can participate in mining, preventing the ASIC miner domination that creates a high barrier of entry. Lastly, the mining network will be preserved by Tail Emission -- instead of the block reward falling to zero like with Bitcoin, the block reward will gradually approach 0.6 XMR in June 2022, where it will forever stay. This constant linear inflation means the inflation rate will asymptotically go to zero while continuing to provide an incentive to miners to maintain the network.
If you still have questions, feel free to ask and a MoneroChad will be with you shortly.
XMR Redpill: https://youtu.be/wq6w03E2DS4 [Embed]
XMR Stats: moneroj.net
USE Monero: https://cryptwerk.com/pay-with/xmr/
OFFICIAL WEBSITE - getmonero.org
WHERE TO GET MONERO?
>KYC:
Kraken
Binance
Bitfinex
>Non KYC:
LocalMonero
Morphtoken
Bisq
Kucoin
Tradeogre
Crypto ATMs
see: kycnot.me
>Mining
archive.is/TWOah
HOW TO STORE MONERO?
>Desktop
Official Gui/Cli
My Monero
Exodus
Feather
>Mobile
IOS: Cakewallet
Android: Monerujo
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