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Author Topic: Monero vs Bitcoin - Price charts for the last month looking very good  (Read 237 times)
MeGold666 (OP)
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June 12, 2024, 11:50:14 AM
 #1



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June 15, 2024, 01:30:21 AM
 #2





In all time chart. Monero chart looks so bad. Even when bitcoin is new ATH, monero still doing shitt!!! Im not even thinking monero will reach ATH again. Mothly chart means nothing. The all time chart has showed that monero continuously dumping.

It has lost its demand. Even the volume has been declining so hard. It seems to me people are starting to abandong the privacy coin these days.

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June 15, 2024, 09:39:59 AM
 #3

Obviously, Bitcoin has got a better chart and there's no doubt about that. As much as we want to retain privacy coins like Monero. We can't do shit about the authorities cracking it down where it is being listed. But as an investment, Bitcoin is wiser but if you're into privacy then obviously monero has got that field.

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June 15, 2024, 12:16:09 PM
 #4

finally there is something good coming for Monero this year because for me this coin is Undervalued that needs to
show strength now more than what is really need to come .
I actually do believe in 2021 Monero will jump to the moon but I fail so this year at least something is better
waiting for this old coin.
Obviously, Bitcoin has got a better chart and there's no doubt about that. As much as we want to retain privacy coins like Monero. We can't do shit about the authorities cracking it down where it is being listed. But as an investment, Bitcoin is wiser but if you're into privacy then obviously monero has got that field.
Not sure why people is still trying to make Versus for Bitcoin against altcoins when this coin
is far different from the number one cryptocurrency in the world.

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June 15, 2024, 02:11:58 PM
 #5

Monero is trending likewise bitcoin still remains as the leading cryptocurrency no matter the situation, we couldn't have been placed with any opinion of trusting on any altcoins if not for the reliability already found with bitcoin, in such a way that even if we failed in other assets of investments, we are sure about earning some reasonable amount of profits with bitcoin, there is no doubt that bitcoin has been performing nicely together with monero from all the illustration charts given, for those investing already, its an added advantage or opportunity.

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June 15, 2024, 02:24:39 PM
 #6

This kind of comparison doesn't make much sense to you, but in this space what we are seeing is the growth of bitcoin and of course it is the reason that directly affects everything else in the market.

Basically, I think Monero still has interest and support, speculation with this currency is also feasible but there are specific risks. The field in which it develops is gradually becoming the focus of government agencies that want to control crypto, but nonetheless its position is accepted as just that if there is a plan for it then the story is just that is to wait until the moment when you can sell.

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June 16, 2024, 07:04:38 AM
 #7

Monero is not the right choice right now. As we can see in the chart that it is continuously dumping and I don't think it will move again towards its All time high. These charts can be analysed by different techniques but as far as my advice is considered it's not the right time to invest in Monero.

Bitcoin is a better choice but keep one thing in mind if Monero takes off towards its ATH it will definately give more profits then Bitcoin.

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June 16, 2024, 08:33:58 AM
 #8

Obviously, Bitcoin has got a better chart and there's no doubt about that. As much as we want to retain privacy coins like Monero. We can't do shit about the authorities cracking it down where it is being listed. But as an investment, Bitcoin is wiser but if you're into privacy then obviously monero has got that field.
Not sure why people is still trying to make Versus for Bitcoin against altcoins when this coin
is far different from the number one cryptocurrency in the world.
You get to see them a lot. And it is normal to see people compare btc to altcoins.
Although I like both of them but I am holding btc and not monero.
There are just some things that we need to do and decide which is okay for us and if you see people that keep on comparing them, just get used to it.

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June 17, 2024, 06:46:04 PM
Last edit: June 18, 2024, 10:11:54 AM by MeGold666
 #9

Mothly chart means nothing.

Monthly chart means Monthly chart, so don't get upset because it doesn't fit your vision  Wink

It has lost its demand. Even the volume has been declining so hard. It seems to me people are starting to abandong the privacy coin these days.

I think you are living in a denial, number of tx per day is only increasing for Monero and demand according to coincards and other places has dethroned Bitcoin for a long while now.
https://bitinfocharts.com/comparison/monero-transactions.html#alltime

It's just a matter of time till Monero gets higher than Bitcoin due to Bitcoin fixed block size that can't handle more transactions.
Of course you can argue that LN should be used but LN is a failure that is getting more and more centralized due to it's nature so you can as well use PayPal.
But even LN had problems working when Bitcoin was abused by ordinals.

Adoption is increasing very fast due to low tx fees and possibility of 0-conf transactions (instant transactions without third-parties/second layers) - I pay like this for my servers, it takes about 3-5 seconds and the fact that on average your tx is included in next block no matter how much load there is due to dynamic block size makes it pretty safe for small transactions.

Here are some statistics you may lookup: https://cryptwerk.com/pay-with/xmr/

As for the all time charts, Monero looks much more stable.

Either way, I'm not here for the gains but for the freedom and due to transparent nature of Bitcoin, I choose Monero.
It's a free world so I'm happy that you're happy with your (whatever) project.

Not sure why people is still trying to make Versus for Bitcoin against altcoins when this coin
is far different from the number one cryptocurrency in the world.
Because their goal is the same regardless of how many times Bitcoin narrative has changed due to not updating their protocol to the needs - to be Digital Cash.
The narrative of Digital Gold is dead because it fails at too many things to be one (too much volatility, no fungibility, too transparent), now it's Digital property...
Even for storing alone Monero is better, I don't want a random dude from some IdiotsUnited site like instagram/twitter to talk about my transactions.

The more money you have, the more privacy matters.

Bitcoin: A Peer-to-Peer Electronic Cash System -Satoshi Nakamoto
Remember ? Monero does remember.

Cheers!

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June 18, 2024, 06:04:33 PM
 #10

Monero is not the right choice right now. As we can see in the chart that it is continuously dumping and I don't think it will move again towards its All time high. These charts can be analysed by different techniques but as far as my advice is considered it's not the right time to invest in Monero.

Bitcoin is a better choice but keep one thing in mind if Monero takes off towards its ATH it will definately give more profits then Bitcoin.
Maybe you mean before? Because if we take a look at the chart, it had recovered and improved its performance. Even OP said that charts for both coins are looking very good. It is stated in the title of his thread. If the momentum continues for Monero, then reaching its new ATH is possible.

As you said, there are different ways to analyse a chart. Maybe you only analyse it poorly, so you came up with such a conclusion but for some, they might be positive about it. When it comes to profitability, there's also different factors that can be taken and not only about their price, like how much coins we bought? And how long we are involved here? So, we can still profit more in BTC.

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June 18, 2024, 11:23:09 PM
 #11

Everything worth buying typically mirrors the bitcoin charts.  Bitcoin up then alts are up.  Bitcoin down then alts are down.  It's a simple game to play.  Monero is no different, I know they got delisted from some of the CEX's which will hurt them in the long run but if it's worth buying then it will hold it's price.

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June 18, 2024, 11:35:01 PM
 #12

Comparing Bitcoin with other cryptocurrencies since the inception of cryptocurrency is a distraction. None of these coins have demonstrated superiority over Bitcoin, not even Ethereum despite its position on CoinMarketCap. Monero, with its special use case as a privacy coin, continues to be utilized regardless of market conditions. It remains listed on many top exchanges and is not intended to compete with Bitcoin.

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June 19, 2024, 07:55:23 AM
 #13

I know they got delisted from some of the CEX's which will hurt them in the long run but if it's worth buying then it will hold it's price.

Actually when it comes to Monero delisting has more value than being listed on CEX due to price manipulation and paper sells by scammy exchanges like Binance.

We are all moving to DEX right now, as it should be from the beginning but the tech wasn't there back then.

CEX are nothing more than banks, you need to trust people that are behind it and people are not to be trusted as sooner or later they abuse their power.

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June 20, 2024, 09:46:41 AM
 #14

The bitcoin is the top of the other cryptocurrencies,but some of the potential coin was compared with the bitcoin.Monero is the potential coin which had huge supporters in the market and get the potential to compare.The Ethereum also used to compared with the bitcoin more often,the Monero also the decentralised currency and the market change in the bitcoin will surely reflect on the  Monero.If the cases of the monero was solved,the growth of the Monero will be like unimaginable one.The short period enough for Monero to reach 500$ from current value.



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June 24, 2024, 03:44:44 PM
 #15

Still looking much better compared to Bitcoin



Higher resolution:
https://i.imgur.com/4BEWNaN.jpeg

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July 02, 2024, 08:57:16 AM
 #16



Higher resolution:
https://i.imgur.com/6Vbm2le.jpeg

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colinistheman
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July 10, 2024, 01:41:42 PM
 #17

The all time high price for the Monero is 178$ and now the price of the Monero around 154$.So their is not huge difference and the same may happen in few months in the upcoming bull run.Many traders know the fact Monero is the decentralised cryptocurrency,So the price may increase to any value in a single day.The demand of the Monero was still exist like the bitcoin,So the Monero holders can make the good money by investing in the Monero.But the patience is not followed by many traders may leads to loss.



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.BIG WINNER!.
[15.00000000 BTC]


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July 11, 2024, 05:23:28 PM
 #18

I think it is very clear that Bitcoin's development is extraordinary, if you look at the monthly graph every year, Bitcoin is still superior when compared to Monero, and after I studied several articles about Monero, from year to year Monero's growth has decreased greatly and the community has divided and moving on to other altcoins, I concluded that they couldn't compete with Bitcoin forever.

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July 11, 2024, 07:13:13 PM
 #19

Even though last month's monero graph was very good compared to last month's bitcoin graph where the price fell slightly, do you know what the price of monero is now and try comparing it with the current price of bitcoin, you can see a very significant difference, Even so, I do not deny that Monero is one of the best altcoins currently, but I really prioritize Bitcoin as an investment at this time.

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July 12, 2024, 02:28:52 AM
 #20

The all time high price for the Monero is 178$ and now the price of the Monero around 154$.So their is not huge difference and the same may happen in few months in the upcoming bull run.Many traders know the fact Monero is the decentralised cryptocurrency,So the price may increase to any value in a single day.The demand of the Monero was still exist like the bitcoin,So the Monero holders can make the good money by investing in the Monero.But the patience is not followed by many traders may leads to loss.

I don’t know what chart you were looking at but Monero was over $500 in 2018. It is down over 70% since then. Growing adoption does not necessarily correlate with an increase in price. Litecoin is another example. Their daily transactions have increased a lot and it is used more than Bitcoin with some payment processors like BitPay, yet the price is 80% below its all time high.

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