Oddbean new post about login | logout Why not?
Because you only use it to transact and not to store. That way, you aren't affected by price.
Yes I understand that, but if you average the price since inception you will see that it is not that volatile, so in the long term I feel it is a decent store of value. Also, given that privacy will be increasingly important I believe there will be an in tandem price appreciation with that need for privacy. Do you feel my thinking is flawed? Please red team me. Thanks
Don't be misled by the wrong price pair: The view belongs on XMR/BTC and this shows (unfortunately) quite clearly, in which direction the "wealth" aspect is moving. If you look at the topic for a very long time, it also becomes clear, why this will continue. I really like Monero for its privacy features. I can also imagine, that Monero will continue to be used in the future. But for transactions, not store of value. Privacy is important! 💪
Yes, please don't get me wrong, I love bitcoin too, but let us borrow those sleazy wealth managers shenanigans for a bit and say that it is wise to have a small percentage of your portfolio in BTC. Well, what I am arguing is, have the biggest position in your portfolio be BTC and allocate that small percentage to XMR. It will not appreciate as greatly as BTC, but it will appreciate somewhat while allowing you to conduct business in private in a not so private future, where that means of exchange will become ever increasingly difficult to came by. For example, let 95% of your stack be BTC and 5% XMR and just keep on accumulating.