Hi guys, I’m using localmonero to buy XMR and cakewallet to keep my coins. My idea is to have those XMR accessible when the time comes, for example if I want to purchase something and the seller accepts Monero. The thing is I would like to have those XMR “frozen” until the situation comes without being exposed to coin prices changes. I was thinking to keep USDT, and when I need to buy something with XMR, just convert it and use that specific amount. Maybe is not the point of Monero itself. Is this approach the best option? What would be your recommendations? Thank you!
You can’t compare the USD with a crypto. A crypto is only based on offer and demand and are volatile. A fiat, it related to entire gigantic economies, governments and markets. I’m not saying one is better than the other, they are different and can’t just be compared.