• lemming741@lemmy.worldEnglish
      156·
      9 days ago

      I don’t get how a currency can be taken seriously when it’s value can swing 25% in a month

      • felykiosa@sh.itjust.works
        138·
        9 days ago

        A lot of actual state currency could swing more than 25% in a month. And the privacy that monero offer is a viable argument when you don’t want to expose what you do to the all world.

      • uis@lemm.ee
        2·
        8 days ago

        Russian rouble: “Oh, really? Now I don’t need take dollar seriously after that swing of 100%?”

      • shortwavesurfer@monero.townEnglish
        511·
        9 days ago

        Easy by using it. Since you know it swings you can take a look at what its average normally is and buy it when it’s below its average and sell it when it’s above its average and that dampens that volatility out over time as enough people do that. When it is below its average price and you purchase it because of that, that pushes the price upwards towards the average price and when the price is above the average price and you buy a product that has a slight downward pressure on the price which brings it closer to the average.

        • lemming741@lemmy.worldEnglish
          184·
          9 days ago

          Dude I’m not looking at monero charts to decide if I’m doing my biweekly Costco run today or not

          • shortwavesurfer@monero.townEnglish
            57·
            9 days ago

            No, of course you don’t. You need your bi-weekly Costco run, so you go do it, no matter what the price is. But you can be advantageous when you’re buying your next xbox or PlayStation and be like, is now a good time to buy that. If the answers no, then you can wait a little bit and buy at a more advantageous time for you. When it comes to essentials, such as food, energy, and whatever, you make the purchase no matter what the price is, and when it comes to discretionary, you can make the best choice for you, whether you choose to wait a little bit or not.

    • jet@hackertalks.comEnglish
      189·
      9 days ago

      Some people live their life by sound bites. They’ve been told crypto is bad, and a lot of crypto is, so they just downvote anything along those lines.

      We are in a privacy community, talking about ways to buy things privately, using private digital money. The down voters have no replacement no alternative suggestion no way to do things privately other than stop doing things. It’s not productive, and if they do believe in privacy, it’s contrary to their goals.

      For the people who are about to down vote me, please respond to this comment, and tell me how do you buy things online privately?