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>What is the Monero Run?
On Monday, to celebrate the 8th anniversary of Monero's creation, XMR holders
are coordinating a run on exchanges. The idea is to buy up as much Monero as
possible and WITHDRAW from these exchanges, thereby draining their liquidity,
and proving that centralized exchanges are short selling Monero to suppress its
price. The idea is gaining momentum, and will lead to exposure and possibly
market-wide chaos if the plan actually works.
>Sounds like you are a schizo
Currently, you are not allowed to withdraw Monero from Binance, Poloniex, Huobi,
Fixed Float, Instaswap, and Waves. You are allowed to deposit on Binance, for
example, but not withdraw. The reasons for this differ for each exchange, but
usually amounts to (((maintenance))). They already do not have sufficient
liquidity and this is before the run has even started.
This conspiracy is nothing new and happens to many cryptocurrencies, but Monero
is in an interesting situation due to its privacy. In essence, exchanges can
short sell Monero (sell Monero that they do not have) and we would be none the
wiser because there is no way to see how much Monero the exchanges actually have
unless they provide a view key. Yes, this is similar to the GME situation.
>Okay that sounds based. How can I buy Monero?
If you are using a CEX your best bet is Kraken.
Changenow and Simpleswap are example of coinswaps that are easy to use.
Kucoin and Tradeogre are non kyc exchanges.
Kycnot.me has a multitude of swap services that do not require KYC.
But please remember, if you buy Monero, it doesn't mean anything unless you
withdraw to a private wallet. Don't be a retard and keep your coins on an
exchange. You are giving them liquidity and a way out of the bind they are in.
>But anon, I'm already not retarded and never keep my coins on exchanges
That's great! If you want to help out, buy some more Monero on April 18 and keep
on being a Monero chad.
XMR/BTC is on fire already. >What is the Monero Run?
On Monday, to celebrate the 8th anniversary of Monero's creation, XMR holders
are coordinating a run on exchanges. The idea is to buy up as much Monero as
possible and WITHDRAW from these exchanges, thereby draining their liquidity,
and proving that centralized exchanges are short selling Monero to suppress its
price. The idea is gaining momentum, and will lead to exposure and possibly
market-wide chaos if the plan actually works.
>Sounds like you are a schizo
Currently, you are not allowed to withdraw Monero from Binance, Poloniex, Huobi,
Fixed Float, Instaswap, and Waves. You are allowed to deposit on Binance, for
example, but not withdraw. The reasons for this differ for each exchange, but
usually amounts to (((maintenance))). They already do not have sufficient
liquidity and this is before the run has even started.
This conspiracy is nothing new and happens to many cryptocurrencies, but Monero
is in an interesting situation due to its privacy. In essence, exchanges can
short sell Monero (sell Monero that they do not have) and we would be none the
wiser because there is no way to see how much Monero the exchanges actually have
unless they provide a view key. Yes, this is similar to the GME situation.
>Okay that sounds based. How can I buy Monero?
If you are using a CEX your best bet is Kraken.
Changenow and Simpleswap are example of coinswaps that are easy to use.
Kucoin and Tradeogre are non kyc exchanges.
Kycnot.me has a multitude of swap services that do not require KYC.
But please remember, if you buy Monero, it doesn't mean anything unless you
withdraw to a private wallet. Don't be a retard and keep your coins on an
exchange. You are giving them liquidity and a way out of the bind they are in.
>But anon, I'm already not retarded and never keep my coins on exchanges
That's great! If you want to help out, buy some more Monero on April 18 and keep
on being a Monero chad. >only $103,000 in cash, $14,900 in a mutual fund, and a measly $5,400 in crypto
>everyone else my age made hundreds of thousands or even millions in GME, AMC,
Doge, Shiba, Tesla, Eth, real estate, and SPACs