This coin was in the green today while everything else was red. And this is after doing like 600% in the past month.
How crash-proof is this coin? Would it survive BTC falling to sub-2k, or sub-1k?
Why the resilience? Is this because the coin has such a strong built-in use case (darknet shit)?
is it even in use on any tor marketplaces yet?
last i heard they are using eth?
monero is based off cryptonote, a totally different protocol than bitcoin. it does stuff that bitcoin will never be able to do so it acts a good hedge.
last year monero was the first altcoin accepted on dnm
Bad coins do well in a down market :^)
>implying literally every coin other than Monero is bad
The threat of increased regulations has everyone cashing out into Monero.
If the powers and be turned around and decided to completely assfuck crypto to the best of their ability, Monero would survive.
It is the ultimate hedge against instability.
And honestly, when you think of what Bitcoin was at the start (fringe, anonymous, anti-establishment, FUDded for facilitating crime when really it was just a middle finger to the powers that be) that's what Monero is now.
Monero is Bitcoin. Finkle is Einhorn.
...
Monero appeals to those of wealth as it keeps your ledger private. Think about that for a crypto second.
Monero is somewhat of a safe haven during a market crash as it doesn't drop as bad as others.