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!
That’s exactly my view too. Basic human rights are fundamental and invariable; a Privacy/Fiat ratio is volatile, because a fiat is volatile as privacy is sometimes valued properly, but sometimes traded cheap.
That said, you may want to simply get XMR “on-demand” just before you actually use it, so that the rate won’t change significantly.