Post #560858
2026-03-06 22:56 UTC
Not a good idea. The value changes rapidly.
Replies (2)
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@mlxdy@lemmy.world 2026-03-06 22:57
So what do you recommend for storing money privately (except cash)?
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@shortwavesurfer@lemmy.zip 2026-03-08 00:55
By comparison, Monero is actually quite stable because it actually has real-world usage. I would recommend using the six-month or one-year simple moving average because that stops market fluctuations from changing the value of your net worth in fiat. Somebody above said that Monero wasn’t a good investment and I have to disagree. Because if I’m going to invest in a cryptocurrency, I would much rather nobody know I have it than to have paper fiat gains visible for everybody online to see.