Thank you for your suggestions. What i mean with trapped it happened to me with other cryptos, but you are right, Monero fuel fees are very low. That is crucial to make it popular. Even more with poor sectors, who are whipped constantly with unfair taxes. My only concern left is that is not a stable coin, so it can easy drop in price like any other crypto. But it doesn’t sound like a coin for savings or investing, more like for transactions.
Keep in mind that since it is designed for transactions it is actually decently stable because it has actual usage and not just HODLers. By being used to actually buy things the price discovery happens more often and a solid floor price is established. The lowest i have seen it so far is $126 while the highest i have seen it was $180. Sure, thats a 30% total range, but that has always taken months to happen. You don’t wake up one morning to a 30% drop.
Thank you for your suggestions. What i mean with trapped it happened to me with other cryptos, but you are right, Monero fuel fees are very low. That is crucial to make it popular. Even more with poor sectors, who are whipped constantly with unfair taxes. My only concern left is that is not a stable coin, so it can easy drop in price like any other crypto. But it doesn’t sound like a coin for savings or investing, more like for transactions.
It’s digital cash. You shouldn’t hold large amounts of cash as a investment anyway.
Ofc xmr can be volatile. But don’t see it as an investment to make money. Use it.
And get your fucking funds off binance there is no legitimate reason to have it on there.
@Unkn8wn69 @nyakojiru :puffsmiley: Never put all your eggs in one basket.
Keep in mind that since it is designed for transactions it is actually decently stable because it has actual usage and not just HODLers. By being used to actually buy things the price discovery happens more often and a solid floor price is established. The lowest i have seen it so far is $126 while the highest i have seen it was $180. Sure, thats a 30% total range, but that has always taken months to happen. You don’t wake up one morning to a 30% drop.
Yes that makes sense. And also more accurate with the original philosophy cryptos should have had.